DUBLIN--(BUSINESS WIRE)--The "Waste to Energy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global waste to energy market reached a value of US$ 38.87 Billion in 2021. Looking forward, the market is set to reach a value of US$ 56.49 Billion by 2027, exhibiting a CAGR of 6.43% during 2021-2027
Waste to energy (WSE) refers to the process of converting non-recyclable waste materials into usable heat, fuel, or electricity through processes, such as combustion, gasification, devolatilization, anaerobic digestion, and landfill gas recovery. It relies on different systems or technologies for producing electricity by burning unprocessed municipal solid waste in an incinerator with a boiler and a generator.
At present, it is considered a critical component of the waste management system as WSE helps mitigate climate change, reduce greenhouse gases (GHG), and minimize environmental impact and health damages.
Waste to Energy Market Trends:
At present, landfill waste represents a global environmental concern as it causes fires or explosions, contaminates soil and water, and leads to climate change, toxins, leachate, and GHG emissions.
This, in confluence with the increasing industrial waste generation every year, represents one of the key factors driving the need for WSE technologies as a sustainable alternative to landfills for waste disposal. These technologies also assist in avoiding methane from landfills, recovering metals for recycling, and offsetting emissions from fossil fuel electrical production.
Apart from this, rapid industrialization, rising population, growing urbanization, and the economic expansion of developing countries are resulting in accelerating rates of municipal solid waste (MSW) production.
As a result, governing agencies of numerous countries are undertaking several steps and incorporating WSE technologies to manage the accumulation of MSW and generate energy from its combustion for residential and commercial uses.
Furthermore, the launch of new technologies like hydrothermal carbonization (HTC), which fast-tracks the slow process of geothermal conversion of wet waste with an acid catalyst at high pressure, is anticipated to create a favorable market outlook.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Technology:
Breakup by Waste Type:
Breakup by Region:
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Laura Wood, Senior Press Manager
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The Microturbine Will Provide Low Emission Electrical and Thermal Energy for the State-of-the-Art Plant
LOS ANGELES--(BUSINESS WIRE)--$CGRN #CleanPower--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that Laibach d.o.o, Capstone's exclusive Distribution partner for Slovenia, Croatia, and Serbia, has secured an order for a Capstone C600 Signature Series microturbine system from Pomurske Mlekarne, a leading premium producer of dairy products. The 600kW system is expected to be commissioned in Spring 2023 at its Murska Sobota facility.
"The past year, through the ongoing effects of the Covid-19 pandemic and the war in Ukraine, has demonstrated the global interconnections of our food production and agricultural industries. With forward-thinking partners like Laibach and Pomurske Mlekarne, food production can be more energy efficient and help move countries and sectors closer to their carbon emissions targets," said Darren Jamison, Chief Executive Officer of Capstone Green Energy. "This recent order is another example of demand for our products and services from the commercial and industrial sector worldwide as companies seek to balance reliability, efficiency, and affordability. I appreciate our distributor's focus on educating and engaging these customers in Slovenia."
The project marks the first microturbine order from Pomurske Mlekarne and demonstrates the confidence that the customer has in Capstone’s product reliability and high availability. The C600S microturbine is part of a major modernization project that includes a state-of-the-art steam system. "We are happy to increase economy and efficiency at Pomurske Mlekarne, a company offering highly awarded dairy products, not only locally, but also exporting to Hong Kong, Macedonia and others," said Miro Murn, Director of Laibach.
Utilizing the heat by-product from a microturbine will allow operators to reduce emissions and offers cost savings by eliminating the need to produce heat or steam in a separate unit. While traditional electricity from the grid with coal and gas-fired plants produces power at 33% efficiency, Capstone’s combined heat and power (CHP) systems can reach efficiencies of more than 80%.
Another key factor in the equipment selection process was Capstone’s industry-leading comprehensive Factory Protection Plan (FPP) long-term service contract. The Capstone FPP provides customers’ needs to ensure the smooth operation of its system at a fixed cost over several years.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's target for growth of its rental fleet and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the sufficiency of the Company's working capital to meet its rental fleet growth target; the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and departures and other changes in management and other key employees. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances, or future events, or for any other reason.
Capstone Green Energy
Investor and investment media inquiries:
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BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva,” “our,” “we,” or the “Company”) today announced the signing of a new 10-year take-or-pay off-take fuel supply contract with an existing European customer, extendable for up to five years. Enviva expects to supply 800,000 metric tons of industrial-grade wood pellets per year, with deliveries expected to commence during 2027, subject to certain conditions precedent.
“We are pleased to announce a sizeable contract today with one of our power generation customers in Europe. The magnitude of market opportunities with high-quality counterparties across a range of use cases, from renewable energy generation to displacement of fossil fuel-based carbon in hard-to-abate industries, continues to drive a strong pace of contracting for us,” said Thomas Meth, President and Chief Executive Officer. “Deliveries under this new contract are expected to begin in about four years, which underscores how serious our European counterparties are in shoring up renewable energy feedstock from secure, sustainable, and trusted sources. We have built solid, long-standing relationships with our customers, who understand our ESG-based business and value the quality, dependability, and sustainability of the products we’re delivering worldwide.”
Terms and conditions related to this new contract reflect the strong pricing environment for woody biomass and are generally in line with other recently executed long-term contracts. Enviva’s contracting environment continues to demonstrate the favorable pricing dynamic of a structurally short market with limited large-scale alternatives for renewable baseload, and dispatchable, power and heat generation, and even fewer substitutes for hard-to-abate sectors.
Enviva’s total weighted-average remaining term of take-or-pay off-take contracts is approximately 14 years, with a total contracted revenue backlog of now over $23 billion. This contracted revenue backlog is complemented by a customer sales pipeline exceeding $50 billion, which includes contracts in various stages of negotiation.
About Enviva
Enviva is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant in Epes, Alabama. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
Cautionary Note Concerning Forward-Looking Statements
The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, including those regarding the anticipated deliveries and terms under this contract and Enviva’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, and objectives of management are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms, and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Enviva disclaims any duty to revise or update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Enviva cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Enviva. These risks include, but are not limited to: the volume and quality of products that we are able to produce or source and sell, which could be adversely affected by, among other things, operating or technical difficulties at our wood pellet production plants or deep-water marine terminals; the prices at which we are able to sell our products; the creditworthiness of our contract counterparties; the amount of low-cost wood fiber that we are able to procure and process, which could be adversely affected by, among other things, disruptions in supply or operating or financial difficulties suffered by our suppliers; changes in domestic and foreign laws and regulations (or the interpretation thereof) related to renewable or low-carbon energy, the forestry products industry, the international shipping industry, or power, heat, or combined heat and power generators; changes in leadership plans and strategies; overall domestic and global political and economic conditions; and other factors, as described in Enviva’s filings with the Securities and Exchange Commission (the “SEC”), including the detailed factors discussed under the heading “Risk Factors” in Enviva’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as supplemented in the Company’s Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, June 30, and September 30, 2022.
Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Enviva’s expectations and projections can be found in Enviva’s periodic filings with the SEC. Enviva’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
To learn more about Enviva please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.
INVESTOR CONTACT:
Kate Walsh
Vice President, Investor Relations
+1 240-482-3856
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today published its updated Sustainability Report. As a follow-up to its inaugural report published in 2021, this latest edition details the Company’s progress on its Environmental, Social and Governance (ESG) journey along with recent highlights on how its sustainability efforts are having a positive impact on the environment, its customers and the communities that it serves. The report is available at www.cleanharbors.com/about-us/sustainability.
“As North America’s leader in environmental services, sustainability has been a part of our DNA since Clean Harbors’ founding in 1980,” said Alan S. McKim, Chairman and CEO. “Protecting the environment is central to our Company’s identity. That’s why sustainable business practices are not only ingrained in our organization but are helping to shape our culture and continuing to drive our purpose more than four decades later.”
In addition to updating investors and customers on its progress toward the 2030 goals it established in its inaugural report, highlights from this year’s report in each key area include:
Environmental
Social
Governance
McKim concluded, “One of our underlying objectives as a company is to create a positive long-term legacy through sustainability. We don’t view ESG as a set of metrics we simply need to comply with, but as an opportunity to demonstrate the difference our Company makes in the work we do and the critical services we provide to our more than 300,000 customers.”
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “seeks,” “should,” “estimates,” “projects,” “may,” “likely,” or similar expressions. Such statements may include, but are not limited to, statements about the Company’s ESG plans and goals, and other statements that are not historical facts. Such statements are based upon the beliefs and expectations of Clean Harbors’ management as of this date only and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, without limitation, those items identified as “Risk Factors” in Clean Harbors’ most recently filed Form 10-K and Form 10-Q. Forward-looking statements are neither historical facts nor assurances of future performance. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. Clean Harbors undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements other than through its filings with the Securities and Exchange Commission, which may be viewed in the “Investors” section of Clean Harbors’ website at www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
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DUBLIN--(BUSINESS WIRE)--The "Aluminium Fishing Boat Market By Boat Type, By Size, By Engine Type: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The aluminum fishing boat market is projected to garner $2,491.8 million in the 2021-2030 timeframe, growing from $1,362.5 million in 2021, at a healthy CAGR of 7.44%.
An increase in the number of recreational activities owing to several health benefits such as stress reduction, greater social bonding, self-fulfillment, thrills, and entertainment are boosting the market growth in the industry. The term 'fishing boat' refers to a pontoon or ship used to catch fish in the ocean, or a lake, among others.
Also, increasing tourism and government plans, along with increasing outdoor activities, have boosted the sale of new boats, which is driving the aluminum fishing boat market size.
The aluminum fishing boat industry is expected to be restrained by the availability of substitute products such as fiberglass boats and steel-based boats & ships. The fiberglass boat, for example, is easily cleaned and bendable. Additionally, in comparison to aluminum fishing boats, steel-based boats and ships are preferred in the oceans and sea. This is due to the fact that aluminum fishing boats corrode easily in saline environments like oceans and seas.
Aluminum fishing boats market demand is anticipated to boost rapidly owing to several initiatives implemented by the aluminum fishing boat manufacturers. For instance, on October 7, 2021, Lowe Boats, a boat manufacturer, unveiled a new boat series, the SS Pontoon and Bay Boat Series, with a fresh design and updated features.
The SS Pontoon Series has a striking new design with 16 different lengths and floor plan options, as well as a conversion lounge, L-shape lounge layout, and walk through, with lengths ranging from 17'10'' to 27'11'' and plenty of storage. It also has a luxury design with multiple color options and a new interior style with plush marine grade vinyl, quilted insets, and other features.
The Lowe SS Pontoon Series console is created with captain ergonomics in mind, with visibility on instruments, throttle, and steering wheel. This boat is powered by a Mercury Marine outboard engine, which is well-known for its reliability and performance. These aspects are anticipated to boost the aluminum fishing boat market trends in the upcoming years.
The COVID-19 pandemic had a devastating impact on aluminum fishing boat market globally. This is majorly owing to complete lockdown imposed across several countries and travel restrictions. Also, social distancing norms impacted the aluminum fishing boat market size which is majorly used for recreational activities such as water tourism and fishing. Due to travel restrictions, there had been drastic decline in aluminum fishing boat market demand which - negatively affected the market growth.
Key Market Segments
By Boat Type
By Size
By Engine Type
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/5jmb5k
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Laura Wood, Senior Press Manager
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Key Milestone Sets a Production Load Forecast Date of February 8, 2023
ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. (“SHI” or the “Company”) (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, announced Project Dorothy, its 50 MW flagship green data center project in Texas, has successfully exited the planning phase of the ERCOT Large Flexible Load approval process. The project has now moved into the modeling phase, clearing all major technical studies. This key regulatory milestone paves the way for a Production Load Forecast Date of approximately February 8, 2023, which is the earliest date Soluna understands ERCOT would permit the energization of the facility.
Michael Toporek, CEO of Soluna Holdings, stated, “Project Dorothy doubles our operational footprint, and this approval to move to ERCOT’s modeling phase sets a clear path for our Production Load Forecast Date. I’m extremely proud of the hard work and collaboration of our team and partners to get us into this next phase of the process. As we continue to grow our operational footprint, Project Dorothy is a repeatable blueprint for future projects for which we can learn.”
Project Dorothy is named after Dorothy Vaughan, an African American mathematician and “human computer” who worked for the National Advisory Committee for Aeronautics and NASA in 1939. Learn more about the logistics of this facility here.
The future energization of Soluna’s flagship Texas data center, Project Dorothy, comes at a pivotal moment for the renewable energy industry. The recent passage of sustained incentives for clean energy through the Inflation Reduction Act (IRA) leaves the sector poised for unprecedented growth.
While the IRA includes significant provisions for U.S. wind and solar development, it has limited ability to accelerate transmission build-out, which hinges on complex and costly siting permits and approvals. While the U.S. waits for transmission build-out and while battery storage technology matures, flexible demand from data centers offers an immediate solution to one of renewable energy's biggest problems, wasted energy, also known as curtailment.
Soluna’s business model is based on solving the wasted energy problem for renewable energy generators, not solely on mining Bitcoin. Soluna’s long-term strategy would extend beyond Bitcoin mining into GPU cloud computing applications. Soluna’s renewable computing plan would leverage green data centers to capture a growing market in pharmaceutical research, graphics rendering, AI, and machine learning.
About Soluna Holdings, Inc. (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’
For more information about Soluna, please visit www.solunacomputing.com or follow us on LinkedIn at linkedin.com/solunaholdings and Twitter @SolunaHoldings.
Sam Sova
VP, Marketing
Soluna Computing, Inc.
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414 699 3667
Investor Relations
Brian M. Prenoveau, CFA
MZ Group – MZ North America
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561 489 5315
DUBLIN--(BUSINESS WIRE)--The "Renewable Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global renewable methanol market size reached US$ 3.16 Billion in 2021. Looking forward, the market is set to reach US$ 4.5 Billion by 2027, exhibiting a CAGR of 6.07% during 2021-2027
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Renewable methanol (CH3OH) is an organic compound produced from unconventional energy sources and renewable feedstocks. It is derived from sustainable biomass, such as industrial, agricultural, forest, and municipal waste, or synthesized using green hydrogen and carbon dioxide (CO2).
Renewable methanol is widely used in plastics for packaging, glues, adsorbents, diapers, paints, adhesives, solvents, and biodiesel production. Furthermore, it is an excellent industrial solvent and is widely used as a feedstock in the chemical industry to produce formaldehyde, dimethyl ether (DME), and methyl tertiary butyl ether (MTBE).
In comparison to conventional methanol, renewable methanol is an ultra-low carbon chemical with a high-octane rating that assists in mitigating various environmental concerns. As a result, it finds extensive applications across the chemical, transportation, power generation, and construction industries.
Renewable Methanol Market Trends:
Increasing environmental consciousness among the masses is one of the key factors driving the market growth. Renewable methanol helps in reducing emission levels of particulate matter and greenhouse gases (GHG), such as carbon dioxide, nitrous oxide, and sulfur dioxide.
Furthermore, rising product utilization as a gasoline additive and substitute due to high octane rating, knocking resistance, and oxygen content is acting as another growth-inducing factor.
Additionally, the introduction of microwave and non-thermal plasma and magnetic induction-based reactors for selective conversion of carbon dioxide to renewable methanol at minimum energy consumption and lower production costs is providing an impetus to market growth.
Moreover, the implementation of various government initiatives and international agreements to reduce pollution and achieve a climate-neutral world is creating a positive outlook for the market.
Other factors, including the increasing demand for formaldehyde production, shifting trends toward sustainable energy sources, and widespread compound utilization as marine fuel, are anticipated to drive the market growth.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Feedstock:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
For more information about this report visit https://www.researchandmarkets.com/r/f3omiq
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Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "European Anaerobic Digestion (AD) and Biogas Production Growth Opportunities " report has been added to ResearchAndMarkets.com's offering.
Several European countries, including Germany, the United Kingdom, and Denmark, are at the forefront of leveraging the potential of biogas produced through the anaerobic digestion (AD) of energy crops, agricultural waste, organic waste, and sewage sludge. Subsidies and incentives are the key growth drivers. As part of its Net Zero by 2050 Strategy, the EU has legislated, or introduced, policies to improve the share of renewables in the energy and transportation sectors.
The Renewable Energy Directive II (RED II) has set a target of a 32% renewables share in the final energy consumption by 2030 and a 14% renewables share in the energy mix for the transport sector. Other directives, such as the Landfill Directive, aim to reduce the landfilling of waste to 10% of the total waste generated, encouraging the recycling and reuse and the diversion of organic waste to AD or composting. The Global Methane Pledge, led by the EU and the United States, targets methane emission reduction by 30%. All the above policies, targets, and directives drive new investments into AD and biogas production.
Fresh impetus for even faster growth came through the REPowerEU plan that was implemented as a response to reduce dependence on imported fossil fuels, especially from Russia, due to the Russo-Ukrainian War. The plan has set an ambitious target of increasing the current production of biomethane to 35 bcm by 2030. The disruption in gas prices that has impacted the economy has further reinforced the need for biogas as a reliable alternative to fossil fuel-based natural gas. Most countries have set individual targets to increase the local production of biogas. In the past, energy crops were used as feedstock due to their biogas yield, but now, organic waste and agricultural waste (including livestock manure) are considered more sustainable; they facilitate a circular economy and are highly reliable sources due to their ready availability. The growth in the production of biogas is expected to decrease the cost of production by up to 20% during the forecast period. The market is set to grow to $53.69 billion by 2030 at a compound annual growth rate (CAGR) of 8.8% from 2021 to 2030.The geographic scope of the study is as follows:The United Kingdom; Germany; France; Denmark; Italy; and RoE (Nordics (Sweden, Finland, and Norway); Benelux (Belgium, the Netherlands, and Luxembourg); Ireland; Iberia; the Alpine countries (Austria and Switzerland); Greece; Poland; the Czech Republic; Slovakia; Latvia; Lithuania; Bulgaria; Estonia; Moldova; Hungary; and Romania)The study does not include Russia, Ukraine, Belarus, Turkey, Bosnia and Herzegovina, Albania, Serbia, Croatia, and the Caucasus countries.
Key Issues Addressed:
Key Topics Covered:
1. Strategic Imperatives
2. Growth Environment and Scope
3. Growth Opportunity Analysis
4. Companies to Watch
5. Growth Opportunity Universe
Companies Mentioned
For more information about this report visit European Anaerobic Digestion (AD) and Biogas Production Growth Opportunities
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Company increases active development with nearly 100 partners, including community solar projects across five major U.S. markets
SAN DIEGO--(BUSINESS WIRE)--Luminia accelerated commercial solar and storage adoption in a breakout year for the company by processing over $2.5 billion in financing requests across the U.S. for solar-plus-storage projects averaging over 1 MW, resulting in Development Agreements for almost 200 MWs of commercial solar projects, with an active development pipeline of an additional 600 MWs. This includes engaging with dozens of real estate portfolio owners, such as Gables Residential, representing nearly 900 million square feet of commercial, industrial, multifamily and hospitality properties.
In addition to expansions for its advanced technology platform for on-the-spot pricing proposals, instant property prequalification and portfolio analysis, Luminia also expanded its reach in community solar with key partners like New Hampshire Solar Garden.
“Our extensive background in renewable energy, commercial real estate and capital markets has given us a key advantage in delivering solutions that are uniquely suited to complex commercial markets,” said David Field, CEO and co-founder of Luminia. “By eliminating the financing barriers that once hindered commercial solar progress, we are experiencing explosive demand from our top rated solar partners, especially in the burgeoning community solar space.”
According to the Solar Energy Industry Association (SEIA), 41 states have deployed at least one community solar project, with an anticipated 5 GW of capacity to be added in the next five years. Luminia, which closed on 15 MW of community solar in Maine earlier this year, provides unique access to intermediate and long-term financing, driving down the cost of development for community solar and rooftop portfolio projects. With over 600 MW in the pipeline, the company is also developing community solar projects in five key markets, including Massachusetts, New York, Maine, New Hampshire and New Jersey. Projects vary in size and scope to meet individual state and municipal requirements with the pipeline of projects having an average system size of 9.5 MW.
In 2022, Luminia’s first-of-its-kind financing solutions catered to commercial property owners across 36 states with diverse needs. Luminia solutions scale from multifamily and industrial REIT portfolios to private education institutions to agricultural farms. Luminia allows property owners to gain access to a range of sustainability and asset value improvements, such as electric vehicle charging infrastructure, or water conservation improvements, without any out-of-pocket money down, or corporate or personal guarantees, like for this Sacramento farm.
Luminia continues to expand its suite of financial offerings catered specifically to large commercial portfolio owners. “Our team brings decades of experience as owners and lessors of tenant-occupied commercial real estate. Our REIT-friendly financing structures allow landlords to efficiently share the benefits of solar with their tenants, enabling both landlords and tenants to profitably accelerate solar adoption and meet their ESG objectives,” said Jim Kelly, co-founder of Luminia. “In addition, our strategic focus on community solar provides yet another option for our portfolio clients to monetize their rooftops.”
Luminia’s solution was also recently launched on Energy Toolbase’s ETB Developer platform, which now allows renewable energy developers to quickly access Power Purchase Agreement (PPA) quotes and additional financing options that match their customers’ needs directly within the ETB platform.
To learn how solar developers are utilizing Luminia financing to procure more business and how commercial property owners are achieving environmental, social, and governance (ESG) goals while increasing net operating income, visit luminia.io.
About Luminia
Founded in 2019, California-based Luminia provides unique financing and technology platform solutions that enable the deployment of commercial property sustainability improvements and community solar projects at scale. Through novel financing options and artificial intelligence-driven commercial real estate portfolio analysis, Luminia empowers commercial and industrial property owners to implement holistic clean energy and energy efficiency upgrades without barriers. Luminia partners with property owners, solar developers and portfolio managers to provide purpose-built solutions that offer the greatest potential economic benefit and advance a property’s ability to meet ESG requirements. For more information, visit luminia.io.
Christine Bennett for Luminia
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TORONTO--(BUSINESS WIRE)--Slate Asset Management (“Slate”), a global alternative investment platform targeting real assets, today announced six new Partner and Managing Director promotions, effective January 1, 2023.
“We are very pleased to recognize our newest Partner and Managing Directors, all of whom have consistently demonstrated the highest degree of leadership and played an integral role in advancing our firm’s culture, growth, and success,” said Brady Welch, Founding Partner at Slate.
Blair Welch, Founding Partner at Slate, added: “The talent, experience, and dedication these individuals contribute to our firm are helping us position our business for the future, to ensure we can continue building healthy and resilient communities, cultivating new talent, and providing the highest level of service to our clients and partners.”
Partners and Managing Directors:
About Slate Asset Management
Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.
Slate Asset Management
Karolina Kmiecik
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HOUSTON--(BUSINESS WIRE)--Today, Harvest Midstream (Harvest) announced an agreement with Phillips 66 to purchase the Belle Chasse Terminal, formerly the Alliance Refinery located in Plaquemines Parish, Louisiana. The acquisition is expected to close in the First Quarter of 2023.
In November of 2021, Phillips 66 announced the closure of the Alliance Refinery and the transition of this facility into a crude oil terminal. This facility sits on approximately 3,200 acres, has 1 million barrels of active storage capacity and two crude oil loading docks.
“Harvest has a long, successful record operating assets in Louisiana,” said Harvest CEO Jason Rebrook. “Today’s agreement with Philips 66 for the Belle Chasse Terminal is a continuation of our commitment to Louisiana and we look forward to incorporating the facility into our best-in-class service to our customers.”
With this acquisition, Harvest will extend the value chain around its existing regional crude pipeline systems. Additionally, Harvest will be able to expand its service offerings to producers and refinery customers through its Harvest Marketing & Trading affiliate.
Harvest Midstream:
Harvest Midstream is a privately held midstream service provider based in Houston, TX that operates various crude oil and natural gas gathering, storage, transportation, treatment and terminalling assets across the United States.
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CALGARY, Alberta & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced that physical crude transaction data from One Exchange Corp, a leading voice and electronic broker for the North American energy markets, will be added to ICE’s 1a group of Canadian crude indices which are currently based on ICE affiliate CalRock Brokers transaction data.
Canada is the fourth largest oil producer in the world, behind the U.S., Saudi Arabia and Russia. Canada is by far the biggest supplier of crude oil to the U.S., with more Canadian barrels making it to the U.S. Gulf Coast every year for both domestic use and re-export.
ICE currently calculates Canadian Crude indices from physical crude trades transacted by CalRock Brokers, which are the basis of ICE’s benchmark Canadian crude futures contracts. In early 2023, One Exchange data will be added to the pricing for the ICE 1a indices which underpin ICE’s Canadian futures contracts, significantly increasing the number of physical crude transactions which underpin these indices.
These futures contracts include the most liquid Canadian financial crude future Western Canadian Select (contract code TMW), as well as the Light Sweet Crude (TMR), Condensate C5 (TMF), and Clearbrook Bakken Sweet (TMU) futures.
“One Exchange is excited to collaborate with Calrock by contributing to the ICE 1a group of Canadian crude indices and we view this as a very important step forward for the Canadian oil market,” said Perry Undseth, President and CEO at One Exchange. “Combining One Exchange and Calrock physical volumes into the ICE Canadian Crude Indices will help ensure that Canadian physical crude volumes can continue to be accurately hedged using the related ICE futures contracts.”
“The market increasingly relies on ICE’s Canadian crude futures and adding One Exchange’s physical crude trade data will expand the set of physical trade data that determines the ICE 1a index prices,” said Alex Dolaptchiev, Senior Director at CalRock. “The addition of One Exchange will further solidify ICE Canadian crude indices as the most accurate reflection of physical crude pricing in Canadian crude markets, while future developments of pipeline capacity of up to 890,000 barrels per day to Canada’s West Coast mean Canadian grades will continue to gain relevance in international markets.”
CalRock Brokers is a premier broker for Canadian and U.S. crude oil grades and was acquired by ICE in 2017 as part of the acquisition of the Natural Gas Exchange, now ICE NGX.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
About One Exchange
One Exchange Corp is a leading voice and electronic broker for North American energy markets. We have continually grown and adapted with the industries that we serve offering a high level of service and technology. We provide liquidity to our trading clients covering physical and financial transactions for North American Crude Oil, Natural Gas, Butane and Propane markets. Our customers rely on us for liquidity, transparency, detailed mark to market settlement curves, market commentary and historical data. Our market liquidity is enhanced by our proprietary web-based trading software, offering our customers API connectivity and a mobile application.
Category: EXCHANGES
ICE- CORP
Source: Intercontinental Exchange
ICE Media Contact:
Rebecca Mitchell
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+44 7951 057 351
ICE Investor Contact:
Katia Gonzalez
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(678) 981-3882
One Exchange Media Contact:
Perry Undseth
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O: (403) 517-5270
M: (403) 608-7524
BOSTON--(BUSINESS WIRE)--As the Northeast faces unprecedented uncertainty and challenges in the energy market, Global Partners LP has donated $2 million to provide heating oil for those in need. The donation was directed to seven states in the Northeast and distributed to local nonprofit entities serving low-income households.
“Global has an annual and long-standing program of making heating oil donations to local housing authorities and other nonprofit partners in more than 15 communities where Global has terminals. This year, recognizing additional need in the community, we expanded the program into a multimillion dollar support effort,” said Eric Slifka, President and CEO of Global Partners.
In the winter of 2020-2021, about 5.3 million U.S. households relied on heating oil; 82% of those were located in the Northeast. Supply is tight due to international conditions, including, but not limited to, the war in Ukraine. This has made the region more reliant on overseas imports, some of which come from Europe and which have shrunk due to a decrease in Russian gas supply and increase in European heating oil demand.
Response from Governors:
Governor Charlie Baker, Massachusetts
“As many Northeast residents experience significant increases in winter heating costs, we have worked with our partners at utilities and in the private sector to ensure customers are being well served. We appreciate Global Partners for doing their part to help support thousands of families across the New England and New York this winter.”
Governor Chris Sununu, New Hampshire
“I would like to thank Global Partners for making this donation in New Hampshire and across the Northeast at a critical time for home heating costs. These funds will complement the robust efforts we’ve made at the state level to expand eligibility for heating assistance and will benefit families across the state.”
Governor Phil Scott, Vermont
“Due to inflation, we know Vermonters are struggling with increased costs across the board, including home heating fuel, so it’s critical we all do our part to ease the burden. I appreciate Global Partners’ donation and commitment to supporting those in need.”
Global officials believe that, even with supply constraints, there is enough supply in the market to serve the historical Northeast demand throughout the winter. The company has reached out to officials to share recommendations on how government, utilities and the private sector can get through this period.
“This year, we are facing the highest energy prices we have perhaps ever faced, including prices for home heating oil,” said Joe Diamond, Executive Director, Massachusetts Association for Community Action. “This is a crisis that can only be met through a joint effort, a collaboration of government, nonprofits and the private sector. Global’s donation will be instrumental in allowing our dedicated fuel assistance teams to target and deploy public and private resources to meet the emergency needs of households across the state during what is turning out to be a very tough New England winter. We are grateful for Global’s leadership and generosity.”
Global Partners, founded in the heart of New England in 1933, began as one truck delivering home heating oil to ensure families stayed warm throughout the winter. Today, Global is one of the Northeast’s largest suppliers of liquid energy, powering businesses and getting people where they need to go.
About Global Partners LP
Global Partners delivers the energy, goods and services that make life better. With an extensive network of terminals, gas stations and convenience markets, Global helps people heat their homes, operate their businesses and get where they’re going conveniently and quickly. Centered in the Northeast, the company is a third-generation, family-founded business with operations throughout the U.S. Global is committed to strategic growth and to supporting the communities where it works. Learn more at www.globalp.com.
Catie Kerns, SVP of Corporate Affairs and Sustainability, This email address is being protected from spambots. You need JavaScript enabled to view it., 541-519-8806
Contract valued at over $1 million, protects more than 1,500 workers
CALGARY, Canada--(BUSINESS WIRE)--$BLN #TSX--Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced that a global integrated energy company has signed a new contract with Blackline Safety valued over $1 million. This investment will enable the company to pilot Blackline’s connected safety solutions at two refinery sites in Canada.
The customer is purchasing 1,500 G7c cellular wearables as part of their connected worker program. The program leverages technology to improve frontline worker safety, productivity, and efficiency by providing access to real-time information.
Using Blackline Safety’s application programming interface (API) – software tools that allow systems to talk to each other— data from the devices will be accessible through the customer’s on-site control room and data visualization platforms. The API also enables easy visibility of the location and safety status of every device wearer.
“This new order delivers protection for over 1,500 workers so they have the confidence to get the job done and return home safe, uniquely provided by our connectivity, location enablement and real-time visibility capabilities of the Blackline solution,” said Sean Stinson, Chief Growth Officer, Blackline Safety.
“Increasingly, we’re seeing deployments where our customers choose to partner with us thanks to our all-in-one solution for lone worker and gas detection. Our multi-feature technology helps us solve diverse workplace safety and operational challenges.”
About Blackline Safety
Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline Safety enables companies to drive towards zero safety incidents and improved operational performance. Blackline Safety provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline Safety provides a lifeline to tens of thousands of people, having reported over 185 billion data-points and initiated over five million emergency alerts. For more information, visit BlacklineSafety.com and connect with us on LinkedIn, Facebook, Twitter and Instagram.
INVESTOR AND ANALYST CONTACTS:
Matt Glover or Jeff Grampp, CFA
Gateway Group, Inc.
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MEDIA CONTACT
Blackline Safety
Christine Gillies, CMO
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DUBLIN--(BUSINESS WIRE)--The "C-Type LNG Carrier Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type, Application and Geography" report has been added to ResearchAndMarkets.com's offering.
The C-type LNG carrier market size was valued at US$ 6,469.02 million by 2028 from US$ 3,920.84 million in 2021. It is expected to grow at a CAGR of 7.5% during 2022-2028.
The surging demand for natural gases by residential, industrial, and commercial sectors, mainly from the developing economies, and the growing usage of LNG carriers for a wide range of end-use applications, such as defense and transport, are among the major factors boosting the growth of the C-Type LNG carrier market.
Furthermore, the demand for LNG has led to huge investments in infrastructure, production, and the international development of distribution networks, fueling the demand for LNG shipping. LNG export terminals across the globe are growing in number due to the rising demand for natural gas. Thus, the amount of LNG transported by ships and the number of vessels fueled by LNG are expected to boost the demand for C-Type LNG carriers in the next few years.
C-Type LNG carriers are widely adopted in the oil & gas industry. Refined natural gas, such as methane, is transported by pipeline to population centers for industrial, commercial, and residential use, which is first processed at oil and gas facilities for refinement.
Further, the rising demand for oil and gas has led to deeper drilling, with many drilling rigs located further offshore, which has increased the need for LNG carriers for storage. LNG shipping to different locations is done through pipelines, oil tankers, railroads, etc. Pipelines play a crucial role in transportation as a larger amount of the oil moves through pipelines for at least some part of the route.
In addition, the agreement between the US and the European Union (EU) on the additional supply of liquefied natural gas (LNG) will contribute to the global market. Under the deal, Europe will receive at least 15 billion cubic meters of additional LNG shipments by 2022.
In addition, the US Commission is working with EU countries to ship 50 billion cubic meters of additional materials by 2030. Hence, inter-regional trade is on the rise, which is expected to provide lucrative opportunities for C-Type LNG carrier market vendors over the forecast period. Further, government authorities across the globe are continuously focusing on increasing private sector participation as a part of their strategy to manage their country's petroleum resources.
For example, the Ministry of Petroleum and Natural Gas, India, and the Government of Trinidad and Tobago have taken initiatives to monetize their petroleum resources. The petrochemical sector makes substantial use of LNG pressure carriers or vessels, reactors, and heat exchangers to transform petroleum and other fossil fuels into chemical products such as ethylene and propylene.
The C-Type LNG carrier market is mainly dominated by players such as Komarine Co.; Torgy LNG; Gas Entec Co., Ltd.; China Shipbuilding Trading Co. Ltd.; and Knutsen OAS Shipping. Further, these players engage in expanding their business through activities such as new product launches, market initiatives, investment in technology upgrades, mergers & acquisitions, and other joint activities.
For instance, in 2022, China Shipbuilding Trading Co., Ltd. (CSTC) and Jiangnan Shipyard (Group) Co., Ltd. - two subsidiaries of China State Shipbuilding Corporation Limited (CSSC) - signed newbuilding contracts for three units of 175000 cubic meter LNG carriers with ADNOC L&S, which is the second series order of 175000 cbm LNG carrier in short term.
Market players are implementing various strategies to expand their regional footprints. For example, Knutsen OAS ordered three additional LNG carriers from Hyundai Samho Heavy Industries to expand its marine business.
COVID-19 Impact on C-Type LNG Carrier Market Size
The North America, the COVID-19 pandemic impacted LNG investment and near- and longer-term fundamentals. For example, in the US market, there has been surged in importance over the past decade because of the shale boom. COVID-19 has made delays in construction and liquefaction projects which has impacted the production of LNG carriers, and LNG projects could be an attractive option for cutting costs.
The growing demand for C-Type LNG carriers from the rapidly expanding economies of Asia Pacific is expected to be a key driving force in producing momentum for a worldwide economic recovery from the effects of the COVID-19 pandemic. Along with China, India is expected to lead Asia's LNG regasification capacity additions in the next few years, accounting for 60.0% of the region's total between 2020 and 2024.
As economies started to reopen after the restrictions related to COVID-19 were eased, the LNG demand in the Asia market may return to the 2018 level. In addition, shipyards in China and South Korea could not accommodate the demand for new LNG vessels as they worked to meet a flood of orders for new container ships following global supply chain disruptions and port congestions that held up ships in the US and China during the pandemic.
Companies profiled in the C-Type LNG Carrier market study include Koarine Co.; Torgy LNG; Gas Entec Co., Ltd.; China Shipbuilding Trading Co. Ltd; Knutsen OAS Shipping; TGE Marine Engineering GmbH; Hyundai Samho Heavy Industries Co., Ltd; Mitsubishi Heavy Industries, Ltd; DSME Co., Ltd; and Gaslog Ltd.
C-Type LNG Carrier market players are following both organic and inorganic growth strategies to sustain the competitive edge. For instance, Daewoo Shipbuilding & Marine Engineering Co. (DSME) has received KRW 1.07 trillion (US$ 850 million) to build four liquefied natural gas (LNG) carriers as a part of a deal with a Qatar state oil firm, which will be done by 2025. Such initiatives by key players will contribute to the C-Type LNG carrier market growth during the forecast period.
Key Market Dynamics
Market Drivers
Key Market Restraints
Key Market Opportunities
Trends
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/1brkrg
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Maintenance, Repair & Overhaul (MRO) Market Opportunity in India Across Energy Sector and Outlook Till 2022 (Vol-I)" newsletter has been added to ResearchAndMarkets.com's offering.
India historically has been dependent upon coal-based thermal generation at large to meet its baseload requirements, which indeed is a polluting source of energy generation. Moreover, aging thermal power units, falling plant efficiencies, rising power demand and the need for meeting global environmental standards is diverting the existing thermal power generation market more towards upgrading and modernizing the existing units than adding up the fresh capacities. In fact about 17 GW of state and centrally owned thermal power capacity was targeted to be upgraded and modernized by the end of 12th FYP.
Having said that, close to 2 GW of the total targeted capacity has been renovated so far creating an immediate market opportunity for approximately 15.2 GW of carrying over capacity to be modernized. Apart from this, the thermal power units that are already hitting the operational age of 10-15 years do hold significant business potential for repair and maintenance in the years to come.
Not only the thermal power units but the oil marketing companies (OMCs) too are investing big in the technological upgradation, expansion, and overhauling of existing refineries. It is pertinent to note that investment to the tune of approximately USD 5.2 Billion is what theIndian refining industry is anticipating until 2020 in developing its brownfield refineries.
BUSINESS CASE FOR MAINTENANCE, REPAIR AND OVERHAUL MARKET IN INDIA
Key Highlights
A Must Buy For
KEY COMPANIES MENTIONED
For more information about this newsletter visit https://www.researchandmarkets.com/r/k6a3e
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Laura Wood, Senior Press Manager
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Enrollments to Save Customers Money, Help Manage Demand on Grid
BOULDER, Colo.--(BUSINESS WIRE)--Uplight, the technology partner of energy providers transitioning to the clean energy ecosystem, today announced a record holiday sales season for its Marketplace solution, driving a new yearly revenue record for this solution and cementing the company’s place as the premier provider of utility marketplaces. With Marketplace, energy utilities can better engage and activate their customers, enrolling them in critical programs at the point of purchase in order to accelerate progress toward greater load flexibility, demand management and decarbonization goals.
Uplight's Marketplace is more than just an e-commerce platform––it also drives utility customers to energy- and money-saving programs by bundling instant rebates and program enrollments with a frictionless customer experience. By leveraging a key purchasing period over Black Friday, Cyber Monday and the broader holiday shopping season, Uplight drives significant uptake of money and energy-saving devices. Beyond typical deals that consumers have come to expect during this time, utility marketplaces run by Uplight get unique, added benefits of additional rebates at the point of purchase, as well as seamless enrollment into money-saving programs. All these offers are great for shoppers, and are also great for utilities who are able to grow programs when consumers are buying and are most receptive to special offers.
Typically, more than 60% of eligible customers purchasing a smart thermostat through an Uplight utility Marketplace enroll in demand response programs. This season, a combination of enrollment at point of sale, as well as through bring-your-own-device programs, drove more than five times the number of original equipment manufacturer (OEM) enrollments versus other times of the year.
“While the holiday season is always an important driver of energy-efficient product sales for utilities, this year it is even more critical to enroll customers in demand response programs given record-high energy costs. This is our most important window to prepare for next summer’s inevitable heat waves, where enrolled thermostats and other devices purchased during Black Friday and Cyber Monday sales can be put to work,” said David Schoenberg, Chief Delivery and Operations Officer. “Our Uplight team is passionate that saving money, conserving energy and better balancing the grid don’t have to be conflicting priorities. Our Marketplace is the best way for utilities to deliver on all three for their customers, and our record performance driving program enrollments shows that customers are ready and waiting for utilities to engage with them.”
As the premier marketplace partner for utilities, Uplight’s Marketplace has an industry-leading Net Promoter Score (NPS) of 70, an impressive mark highlighting a world-class customer experience. To continue delivering the experience consumers have come to expect, the company regularly refines its Marketplace offering. This year, Uplight added in a new compatibility check feature to help customers select the best smart thermostat for their home before checking out, reducing the rate of returns.
As part of its ongoing commitment to building an inclusive and equitable energy community as a Certified B Corporation, Uplight has partnered with utilities to launch Offer Centers to give away free energy-saving products to income-eligible customers. One of the company’s fastest growing Marketplace solution areas, this season Offer Centers gave away nearly 3,000 window film kits, more than 3,000 6-packs of energy efficient LED light bulbs and hundreds of smart thermostats.
To learn more about Uplight Marketplaces, please visit https://uplight.com/solutions/marketplace/.
About Uplight
Uplight is the technology partner for energy providers and the clean energy ecosystem. Uplight’s software solutions connect energy customers to the decarbonization goals of power providers while helping customers save energy and lower costs, creating a more sustainable future for all. Using the industry’s only comprehensive customer-centric technology suite and critical energy expertise across disciplines, Uplight is streamlining the complex transition to the clean energy ecosystem for more than 80 electric and gas utilities around the world. By empowering energy providers to achieve critical outcomes through data-driven customer experiences, delivering control at the grid edge, creating new revenue streams and optimizing existing load and assets, Uplight shares a mission with its clients to make energy more sustainable for every community. Uplight is a certified B Corporation. To learn more, visit us at www.uplight.com, find us on Twitter @Uplight or on LinkedIn at Linkedin.com/company/uplightenergy.
Liam Sullivan
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DUBLIN--(BUSINESS WIRE)--The "Blue Hydrogen Market by Technology (Steam Methane Reforming (SMR), Gas Partial Oxidation (POX), Auto Thermal Reforming (ATR)), End User (Petroleum Refineries, Chemical Industry, Power Generation Facilities) and Region - Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Hydrogen has long been recognized as a possible low-carbon transportation fuel. The market has a promising growth potential due to several factors, including the role of blue hydrogen in carbon emission reduction, an increase in the demand for fuel cell-based electric vehicles, and a shift toward a hydrogen-based economy. The global blue hydrogen market is projected to reach USD 44.5 Billion by 2030, growing at a CAGR of 11.9% during the forecast period.
SMR: The fastest growing segment of blue hydrogen market, by technology.
The steam methane reforming segment accounted for the largest market share of the blue hydrogen market in 2021. SMR is a cost- and energy-efficient method of producing hydrogen. It is commonly used due to the easy availability of raw materials (methane). These factors are responsible for the growth of the segment
Petroleum Refinery: The fastest growing segment of hydrogen energy storage market, by end user.
The petroleum refinery segment is estimated to grow at the highest CAGR from 2022 to 2030. This growth can be attributed to the global rise in oil and natural gas demand for various applications, such as plastic production, transportation, and electricity generation.
North America: The fastest-growing region in the hydrogen energy storage market.
The North American region is estimated to be the largest market for the blue hydrogen market, followed by Europe. The growth of the North American region can be attributed to the increasing demand for hydrogen fuel cell-based vehicles and the number of hydrogen filling stations in the US and Canada.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Blue Hydrogen Market, by Technology
6.1 Introduction
6.2 Steam Methane Reforming
6.3 Auto Thermal Reforming
6.4 Gas Partial Oxidation
7 Hydrogen Generation Market, by End-User
7.1 Introduction
7.2 Petroleum Refinery
7.3 Chemical Industry
7.4 Power Generation
7.5 Others
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
11 Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/daxd8y
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Mel's Heater Service, LLC to a Private Investor. The acquisition closed April 29, 2022.
Located in Intercourse, Pennsylvania, Mel’s Heater Service (MHS) offers sales, installation, and service of waste oil furnaces as well as heaters. Specifically, MHS’ product line includes waste oil furnaces, waste oil boilers, gas boilers, radiant floor heat systems, macro-air fans, and other complementary products. To support operations, the Company is an authorized dealer for the leading industry manufacturer EnergyLogic. Overall, the Company is well known in the regional market, and has an excellent reputation for the breadth of products offered, customer service, technical knowledge, and the timely delivery of products.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, Senior M&A Advisor, James Nelson, with the support of Managing Director, M&A, Corey Painter successfully closed the deal. Senior Managing Director, Thomas Hamm established the initial relationship with MHS.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
Carl Doerksen
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SAN DIEGO & NEW YORK--(BUSINESS WIRE)--EDF Renewables North America (EDFR) and MEAG, acting in its capacity as Munich Re’s global asset manager, today announced the closing on a strategic investment whereby a subsidiary of Munich Re acquired a 50% stake in two renewable energy projects in California totaling 310 megawatts (MWdc) of solar and 50 MW / 200 MWh of battery storage.
EDF Renewables and MEAG/Munich Re announced last year that they had agreed to partner on the Maverick 6 Solar-plus-Storage Project - 131 MWdc solar coupled with a 50 MW/200 MWh battery energy storage system, and the Maverick 7 Solar Project with a capacity of 179 MWdc. The projects, which utilize horizontal single-axis tracking technology, are located adjacent to one another in Riverside County California on federal lands within a Solar Energy Zone and Development Focus Area, managed by the U.S. Bureau of Land Management (BLM).
Andres Estrada, Divestiture & Portfolio Strategy Manager for EDF Renewables, commented, “We are excited to reach this critical milestone with MEAG. The renewable energy industry has experienced significant volatility over the past two years. While a predictable policy environment and reliable supply chain are key to the industry’s growth, so is the steady, long-term approach to investing in the growth of the low-carbon economy from institutional partners like MEAG.”
Dr. Alexander Poll, MEAG’s Market Lead for U.S. Infrastructure Investments, said, “Maverick 6&7 are another significant step to further increase the North American renewables portfolio for Munich Re, after MEAG’s most recent investments in the area. Given Munich Re’s strong position in the U.S. insurance market, we are fully committed to additional growth in the renewables space in the United States.”
Martin Kaufmann, Senior Vice President MEAG U.S. Infrastructure Investments, added, “We are very pleased about this transaction and are looking forward to continuing our successful partnership history with EDF Renewables, both in Europe and the US. This investment makes an important contribution to Munich Re’s net-zero climate commitment under the Net-Zero Asset Owner Alliance (AOA), which Munich Re joined in 2020.”
The projects combined will generate enough clean energy to meet the consumption of 108,500 average California homes1. This is equivalent to avoiding more than 527,000 metric tons of CO2 emissions annually2.
EDF Renewables, one of the largest renewable energy developers in North America, is committing to providing solutions to meet California’s carbon-reduction goals. With 35 years of experience and 24 gigawatts of wind, solar, and storage projects developed, EDF Renewables provides integrated energy solutions from grid-scale power to electric vehicle charging.
MEAG, acting on behalf of Munich Re, has invested in close to five gigawatts of wind, solar and battery storage assets in Europe and the US. MEAG plans to substantially increase its investments into the North American renewable energy space over the next years by leveraging both Munich Re’s in-house engineering expertise and MEAG’s local presence in the US.
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According to U.S. Energy Information Administration (EIA) 2020 Residential Electricity Sales and U.S. Census Data and typical transmission assumptions. |
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According to U.S. EPA Greenhouse Gas Equivalencies calculations and typical transmission assumptions. |
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar and storage; and asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects. The Company’s PowerFlex subsidiary offers a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 24 GW of developed projects and 13 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.
About MEAG
MEAG manages the assets of Munich Re and ERGO. It has representations in Europe, Asia and North America and offers its extensive know-how to institutional and private customers. MEAG currently manages assets to the value of around € 334 billion, around € 67 billion of which in its business with institutional investors and private customers.
MEAG invests in alternative assets in North America on behalf of Munich Re group and other non-US institutional investors. MEAG’s most recent infrastructure equity investments in the US comprise investments into renewables development platform Longroad Energy Holdings, various acquisitions via its parking platform Interpark and its water platform SWWC, as well as New York’s Astoria Energy Partners and Long Beach Container Terminal.
EDFR: Sandi Briner, This email address is being protected from spambots. You need JavaScript enabled to view it.
MEAG: Josef Wild, Spokesperson This email address is being protected from spambots. You need JavaScript enabled to view it.
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