ATLANTA--(BUSINESS WIRE)--Rolling Hills Generating Holdings, LLC an LS Power company, has awarded PIC Group the Operation and Maintenance Agreement (O&M Agreement) for the Rolling Hills 870 MW natural gas power station located in Ohio. Under the terms of the O&M Agreement, effective September 2022 and extending through 2025, PIC Group will provide on-going operations and maintenance services as well as providing scheduling and coordination services for equipment maintenance or outages. The Rolling Hills power station is comprised of five (5) Siemens W501FD2 simple cycle gas turbines.
PIC Group’s approach to O&M Services ensures consistent and reliable operations while enabling the power station owner to achieve the maximum financial and operational goals for the Power Station. “Implementing a culture that instills strict program adherence and continuous operational improvement, enables our customers to generate superior plant performance, higher profits and increased asset value,” said Frank Avery, president, and chief executive officer at PIC Group.
About PIC Group
Founded in 1988, PIC Group, Inc. is dedicated to delivering value by providing global energy services to facilities across four continents – North America, South America, Asia, and Africa. PIC provides O&M Services (Care, Custody and Control), Commissioning and Startup, Documentation & Training and Staffing services and serves the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries. PIC Group, Inc. is a wholly owned subsidiary of Marubeni Corporation, a Fortune Global 500 Company. Marubeni is a major Japanese sogo shosha (international trading company) and the third largest global independent power producer (IPP). For more information, please visit www.picgroupinc.com.
About LS Power
LS Power is a development, investment, and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, LS Power has developed, constructed, managed, or acquired more than 46,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired, and battery energy storage projects, of which est. 16,700 MW are currently operating. LS Power’s Energy Transition Platforms include CPower Energy Management, Endurant Energy, EVgo, Rise Light & Power, and REV Renewables, as well as Waste-to-Energy initiatives. In addition, LS Power developed and operates over 660 miles of high-voltage transmission, with an additional 100+ miles and multiple substations under construction. Across these efforts, LS Power has raised $49 billion in debt and equity financing to support North American infrastructure. Through 2021, assets under LS Power control avoided 80.67 million metric tons of CO2e, equivalent to nearly 187 million barrels of oil not consumed or over 17.5 million cars taken off the road for one year. For more information, please visit www.LSPower.com.
About Marubeni
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business including consumer products, food, agriculture, chemicals, energy and metals and power business machinery and infrastructure.
For press inquiries, contact:
Douglas Shuda, Marketing Director
678-627-4142
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CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is introducing the MOTOR-MAX product line of non-oriented electrical steels for high frequency motors and generators in the North American market. Cleveland-Cliffs is raising the standards of steel performance once again with its MOTOR-MAX High Frequency Non-Oriented Electrical Steels (HF NOES) brand of electrical steels, which are designed for high speed motors, electric vehicle (EV) traction motors, aircraft generators and other rotating equipment. From research to production, Cleveland-Cliffs has the experience and capabilities to produce the quality electrical steels necessary for these distinctive high performance applications to meet a broad range of customer technical requirements.
The drive towards vehicle electrification has transformed the automotive market with the adoption of electric vehicles (EVs). As demand for electrical steels increase for EV traction motors, Cleveland-Cliffs is at the forefront of this market as the only producer of automotive-quality electrical steels in North America. EV traction motors are one of the most crucial components of electric vehicles and utilizing MOTOR-MAX High Frequency electrical steels will improve the overall efficiency and performance of the motor. With a reliable, domestic supply of MOTOR-MAX electrical steels, automotive OEMs have a dependable source for their production of EV motors in the United States.
In addition, the growing demand for EVs has fueled the requirement for charging stations’ infrastructure nationwide. Cleveland-Cliffs has the resources in place to play a leadership role also with its grain-oriented electrical steels (GOES) to be used in EV charging stations.
Cleveland-Cliffs is able to make MOTOR-MAX HF NOES and other electrical steel products utilizing a cleaner mix of its high-quality direct reduced iron and recycled steel scrap at its electric arc furnaces (EAFs) located in the United States. The Company maintains control over the entire production cycle, using U.S.-sourced materials, incorporating recycling and other environmentally friendly sustainable practices. Cleveland-Cliffs’ technique to produce electrical steels, like MOTOR-MAX HF NOES, results in lower greenhouse gas emissions than other steel mills utilizing carbon-intensive energy sources and production methods.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. We are the largest supplier of steel to the automotive industry in North America and serve a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 27,000 people across its operations in the United States and Canada.
MEDIA CONTACT:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316
INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719
REACH Donation Helps Pay Past Due Energy Bills for Qualifying Customers
PG&E Contributes $325,000 to REACH
OAKLAND, Calif.--(BUSINESS WIRE)--This holiday season, Pacific Gas and Electric Company (PG&E) customers can get into the giving spirit by making a tax-deductible donation to the Relief for Energy Assistance through Community Help (REACH) program. The REACH program provides financial assistance of up to $300 for customers struggling to pay past due energy bills.
To help households who are struggling to pay their energy bills, PG&E announced today it is contributing $325,000 to the Dollar Energy Fund in support of the program. The charitable contribution is made with funds from PG&E shareholders, not customers. In the last five years, PG&E has committed more than two million dollars to the REACH program to help vulnerable customers and communities including an additional $500,000 earlier this year.
Even with the PG&E contribution, the REACH program needs additional support to assist Northern and Central California’s most vulnerable, and anyone can help. The year-round program is funded through donations from customers, PG&E employees, and shareholders. Thousands of customers have benefitted from the program. Since 2017, approximately 16,000 grants totaling more than $4.3 million have been provided to PG&E customers in need. Grants are dispersed on a first come, first serve basis while funding is available.
“With the rising costs of goods and services, we understand many of our customers are facing financial hardship. A one-time donation or monthly fixed donation amount on your bill can help families in need throughout the year. The program relies on the generosity of donors, and we are grateful to those who provide critical support for the communities we serve,” said Marlene Santos, PG&E Executive Vice President and Chief Customer Officer.
Customers can pledge an itemized donation each month on their PG&E bill or make a one-time donation.
Customers may be eligible for the program if they:
For information on additional financial assistance programs and ways to save energy this winter visit pge.com/winter.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
PLANO, Texas--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced a definitive agreement with a large landowner in southwest Louisiana for the future development and operation of a dedicated CO2 sequestration site. The 31,000 acre land position is located in Allen, Beauregard and Vernon Parishes, approximately 25 miles north of Denbury’s Green Pipeline. Denbury estimates that there is potential to store up to 250 million metric tons of CO2 in the site, with first injection planned as early as 2026. The strategic location of the site provides nearby storage potential for the heavy industrial areas of Beaumont and Port Arthur, Texas, and Lake Charles, Louisiana. In close proximity to the dedicated CO2 sequestration site is more than 60 million metric tons per year of existing emissions.
Nik Wood, Denbury’s Senior Vice President, CCUS, commented, “Denbury has unparalleled experience and CO2 pipeline infrastructure in the U.S. Gulf Coast for the transportation and storage of CO2. Today’s announcement adds an important piece in the development of our CCUS business, providing another significant future storage site in close proximity to our pipeline infrastructure, which naturally expands the reliability and future capacity of our network. We look forward to developing this site as we aim to provide the most efficient and reliable CO2 platform in the U.S.”
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging Denbury’s unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2 EOR.
Follow Denbury on Twitter and LinkedIn.
This press release contains forward-looking statements as to the timing and potential storage capacity of the above sequestrations site that involve risks and uncertainties, including the timing and availability of CO2 to be sequestered, the Company’s successful preparation and testing of the site for permanent CO2 sequestration and obtaining Class VI permits required for permanent CO2 sequestration. These statements are based on engineering, geological, financial and operating assumptions that Denbury believes are reasonable based on currently available information; however, their achievement are subject to a wide range of business risks, and there is no assurance that these goals and projections can or will be met. Actual results may vary materially. In addition, any forward-looking statements represent Denbury’s estimates only as of today and should not be relied upon as representing its estimates as of any future date. Denbury assumes no obligation to update these forward-looking statements.
DENBURY CONTACTS:
Brad Whitmarsh, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
LOS ANGELES--(BUSINESS WIRE)--#bmw--Adam Langton, U.S. Energy Services Manager for BMW of North America, LLC, is the featured guest this week on the Impact Podcast with John Shegerian. The show is hosted by Shegerian, Co-Founder and Executive Chairman of ERI, the nation’s leading fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company.
Langton develops digital energy products related to BMW’s electric vehicle models, including smartphone functionality, data tools, and fleet management services. He leads a BMW team developing and implementing the BMW ChargeForward smart charging program and leads BMW’s efforts to provide sustainable energy for BMW electric vehicle drivers in the US.
“It was an honor to have Adam on our show to share his story and tell our audience about the impactful work he and his team at BMW are accomplishing, which is sure to inspire our audience,” said Shegerian. “BMW’s sustainability efforts set a high bar in the auto industry and it’s beyond exciting to see what the iconic brand is doing in that space. They are truly going the extra mile.”
“There’s so much exciting innovation and expansion happening in the world of electric vehicles and renewable energy right now,” said Langton. “I think it’s important to have these conversations with larger audiences, beyond just electric vehicle owners, because it not only affects our energy system, it’s also the way our industries are collaborating toward a cleaner future.”
Impact Podcast guests are invited as thought leaders to share with listeners first-hand accounts of how they are able to help make the world a better place on a daily basis.
Recent guests have included leaders from Samsung, Best Buy, Amazon, Verizon, General Motors, Ford, Unilever, Procter & Gamble, Johnson & Johnson, JetBlue, Comerica Bank, Goodyear Tire, Virgin, Dell, GE, IBM, Qualcomm, Nestlé, Texas Instruments, Adobe, Gap Inc., TIME, Kimberly-Clark, Timberland, Hearst, UPS, Hertz, The Hershey Company, FedEx, Intel, NVIDIA, T. Rowe Price, New York City, Beyond Meat, Panasonic, EPAM, Molson Coors, Seventh Generation, Amgen, the NBA, the US Tennis Association, FICO, Waste Management, and a number of fascinating game-changers, including Martin Luther King III; best-selling author Ryan Holiday; Joanne Molinaro (The Korean Vegan); Homeboy Industries founder Father Gregory Boyle; real estate powerhouse and television personality Ryan Serhant; writer/comedian/author Jeannie Gaffigan; ultra-endurance athlete Rich Roll; and hundreds more.
The Impact Podcast with John Shegerian is available for listening on ImpactPodcast.com, Apple’s iTunes, Amazon Music, Google Podcasts, Spotify, libsyn, and as part of iHeartRadio’s digital broadcast, reaching over 120 million users.
For more information, visit ImpactPodcast.com.
Paul Williams
310/569-0023
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PLANO, Texas--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) is hosting a live webcast at 10:00 a.m. C.T. today to review its carbon capture, utilization, and storage (“CCUS”) strategy, growth plans, and financial projections. Registration for the webcast can be found on the Company’s Investor Relations website, where presentation materials are currently available. A replay of the event will be available shortly following the conclusion of the broadcast on the same website.
Key Highlights from the CCUS Business Outlook include:
(1) A Non-GAAP financial measure. See “Statement regarding Non-GAAP Financial Measures” below.
(2)Scope 3 refers to Scope 3 Category 11 (Use of Sold Products)
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging Denbury’s unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2 EOR.
Follow Denbury on Twitter and LinkedIn.
Forward-Looking Statements: The data and/or statements contained in today’s CCUS Business Outlook presentation materials and the accompanying webcast that are not historical facts, including, but not limited to, statements regarding possible or assumed future cash flows and EBITDA (a non-GAAP measure, see Statement Regarding Non-GAAP Financial Measures below), volumes of CO2 expected to be transported, stored, or utilized, capital expenditures, and other plans and objectives for Denbury’s future carbon capture, use and storage activities (“CCUS”) are all forward-looking statements, as that term is defined in Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve a number of risks and uncertainties.
Such forward-looking statements generally are accompanied by words such as “plan,” “estimate,” “expect,” “predict,” “forecast,” “to our knowledge,” “anticipate,” “projected,” “preliminary,” “should,” “assume,” “believe,” “may” or other words that convey, or are intended to convey, the uncertainty of future events or outcomes. Such forward-looking information is based upon management’s current plans, expectations, estimates, and assumptions that could significantly and adversely be affected by various factors discussed below, many of which are beyond our control. As a consequence, actual results may differ materially from expectations, estimates or assumptions expressed in or implied by any forward-looking statements made by us or on our behalf.
Among the factors that could cause actual results of our CCUS activities to differ materially from the projections herein are the successful completion of technical and feasibility evaluations; in certain cases raising of funds sufficient to build and operate such projects; the construction or installation of add-on or new facilities being built and brought into functioning operational status; and receipt of required regulatory approvals or classifications, along with the other variables and timing considerations and the risks and uncertainties set forth from time to time in the Company’s public reports, filings and public statements including, without limitation, the Company’s most recent periodic reports on Form 10-K and 10-Q.
Statement Regarding CCUS “Agreements”: References in this presentation to CCUS “Agreements” refers to both executed definitive agreements and executed term sheets or letters of intent covering various CCUS arrangements. In the case of arrangements covered by term sheets or letters of intent, those arrangements are subject to the negotiation and execution of definitive enforceable agreements.
Statement Regarding Non-GAAP Financial Measures: This presentation also contains certain non-GAAP financial measures, particularly those pertaining to EBITDA (earnings before interest, taxes, depreciation and amortization). The projections of EBITDA contained herein are not reconciled to any GAAP measure given that no comparable future GAAP measure currently exists. Management believes EBITDA projections may be helpful to investors in order to assess the Company’s future CCUS activities as compared to that of other companies in the industry. Future EBITDA projections should not be considered in isolation, as a substitute for, or more meaningful than GAAP measures of net income (loss), cash flow from operations, or any other measure reported in accordance with GAAP.
DENBURY CONTACTS:
Brad Whitmarsh, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or "HASI") (NYSE: HASI), a leading investor in climate solutions, today announced that it has been named to the global environmental non-profit CDP's 2022 'A List' for its climate positive leadership and exceptional environmental disclosure performance. HASI is one of 283 companies that achieved an 'A' – out of the more than 15,000 companies scored.
CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over $130 trillion in assets and 280 major purchasers with $6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks, and opportunities through CDP's platform. The complete list of companies that made this year's CDP 'A List' (as well as the full methodology and criteria) is available here: https://www.cdp.net/en/companies/companies-scores
"We are delighted to have earned a place on CDP's Climate Change 'A List' for the first time," said Jeffrey W. Eckel, Hannon Armstrong Chairman and CEO. "This prestigious recognition is a testament to HASI’s unending commitment to disclosure and transparency around environmental issues. Equally so, it serves as another important validation of our climate positive investment approach and long track record of sustainable impact."
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to assets developed by leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $9 billion in managed assets, our core purpose is to make climate positive investments with superior risk-adjusted returns. For more information, please visit hannonarmstrong.com or follow us on Twitter and LinkedIn.
About CDP
CDP is a global non-profit that runs the world's environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
Media:
Gil Jenkins
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443-321-5753
Investors:
Neha Gaddam
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410-571-6189
French public R&I organisation to use CGD’s GaN HEMTs in innovative, next-gen automotive inverter design
CAMBRIDGE, England--(BUSINESS WIRE)--Cambridge GaN Devices (CGD), the fabless, clean-tech semiconductor company that develops a range of energy-efficient GaN-based power devices to make greener electronics possible, has signed an agreement with IFP Energies nouvelles (IFPEN), a major French public research and training organization in the fields of energy, transport and the environment, to develop an innovative automotive inverter using advanced GaN devices.
Dr, Giorgia Longobardi | Co-Founder & CEO, CGD “Technological innovation is central to all IFPEN’s activities. Therefore we are particularly excited that IFPEN has chosen CGD’s ICeGaN™ GaN HEMTs in this new automotive inverter design. IFPEN also shares CGD’s belief that close partnerships with key players are essential to the success of any project, so we are proud to be part of this program.” |
Gaëtan Monnier, MOBILITY BU Director | IFPEN “This partnership with CGD is a key element for our future activities in power electronics for e-mobility, specifically for next generation of inverters where a technological step is required to reduce size and increase power density levels while challenging the cost. We count on the cooperation with this young and dynamic, extremely innovative company to address the ambitious challenges critical to the future of e-mobility industries.” |
The partnership between IFPEN and CGD combines two highly complementary areas of expertise. IFPEN understands the automotive market and its performance targets. IFPEN possesses a strong position in inverter and software development, with in-depth knowledge of the algorithms and equipment required. CGD’s GaN technology has resulted in industry’s first easy-to-use and scalable 650 V GaN HEMT family. The company’s ICeGaN™ H1 series are single-chip eMode HEMT devices that can be driven like a MOSFET, without the need for special gate drivers, complex and lossy driving circuits, negative voltage supply requirements or additional clamping components. ICeGaN HEMTs require no cascode structure, no complex multi-chip configurations, and no thermally-complex integrated solutions. Instead, they are a single-chip solution with embedded proprietary logic which enables the coupling with standard gate drivers or controllers. Devices are extremely reliable, suitable for demanding application environments, as found in the automotive market.
ENDS
About Cambridge GaN Devices
Cambridge GaN Devices (CGD) is a fabless semiconductor company spun-out by Professor Florin Udrea and Dr Giorgia Longobardi from Cambridge University in 2016 to exploit a revolutionary technology in power devices. Our mission is to bring innovation into everyday life by delivering effortless energy-efficient GaN solutions. CGD designs, develops and commercialises GaN transistors and ICs enabling a radical step change in energy efficiency and compactness and is suitable for high volume production. CGD’s ICeGaN™ technology is protected by a strong IP portfolio which constantly grows based on the company's leading innovation skills and ambitions. In addition to the multi-million seed fund and Series A private investments, CGD has so far successfully secured four projects funded by iUK, BEIS and EU (Penta). The technical and commercial expertise of the CGD team combined with an extensive track record in the power electronics market has been fundamental in early market traction of its proprietary technology.
About IFPEN
IFP Energies nouvelles (IFPEN) is a major research and training player in the fields of energy, transport and the environment. From scientific concepts within the framework of fundamental research, through to technological solutions in the context of applied research, innovation is central to its activities, hinged around four strategic directions: climate, environment and circular economy – renewable energies – sustainable mobility – responsible oil and gas.
The aim of IFPEN’s R&I programs is to overcome existing scientific and technological challenges in order to develop innovations that can be used by industry. IFPEN has developed, since 20 years, a strong expertise in the field of vehicle electrification. More than 45 patents have been deposited in the fields of electrical motors design, advanced control laws, and optimized power electrics systems for traction and energy generation and recovery. In the field of sustainable mobility, power electronics is a key factor for automotive electric powertrains and IFPEN know-how covers the development domains from specification to operational validation tests on the electric motors.
Andrea Bricconi, VP Business Development, CGD | +49 1732410796
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Gaetano De Paola, Program Manager, IFPEN | +33 6 16 53 83 65
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Worldwide Agency: Nick Foot, BWW Communications | +44-7808-362251 |
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HOUSTON--(BUSINESS WIRE)--#energyexploration--Geospace Technologies Corporation (NASDAQ: GEOS) today announced a rental contract with an international marine geophysical services provider who will rent OBX shallow water ocean bottom wireless seismic data acquisition nodes. Based on current contract terms, the value of the agreement is estimated at $9 million.
“Our ocean bottom node offerings continue to dominate the market and experience high demand. We’re most pleased by the strength of our deep and shallow water rental fleet in the global energy exploration space. We’ve benefited from our OBX series products’ deployment simplicity combined with high quality and trusted reliability,” said Walter R. Wheeler, President and CEO, Geospace Technologies.
Geospace Technologies is a global technology and instrumentation manufacturer specializing in vibration sensing and highly ruggedized products which serve energy, industrial, government, and commercial customers worldwide. The company’s products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, Geospace’s more than 500 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange as GEOS. For more information, visit www.Geospace.com.
Caroline Kempf, This email address is being protected from spambots. You need JavaScript enabled to view it., 321.341.9305
DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence (AI) in Oil & Gas: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Artificial Intelligence (AI) in Oil & Gas estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 9.4% over the analysis period 2020-2027.
Software, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 10.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $647.7 Million, While China is Forecast to Grow at 8.8% CAGR
The Artificial Intelligence (AI) in Oil & Gas market in the U.S. is estimated at US$647.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$711.8 Million by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.
Hybrid Segment to Record 9.3% CAGR
In the global Hybrid segment, USA, Canada, Japan, China and Europe will drive the 9.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$368 Million in the year 2020 will reach a projected size of US$689 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
Select Competitors (Total 201 Featured) -
What's New for 2022?
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/p3ekml
ResearchAndMarkets.com
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SYDNEY--(BUSINESS WIRE)--#UAV--H3 Dynamics and Australian UAV producer Carbonix are coming together to begin development and production the first Australian hydrogen-electric VTOL (vertical take-off and landing) unmanned aircraft system (UAS). Carbonix is Australia’s leading UAV manufacturer with unique expertise in advanced composite manufacturing, aerostructure design and sophisticated control systems for vertical and landing capabilities. H3 Dynamics has been working on cutting edge hydrogen UAV technology for over 15 years, and has just released a new ground-breaking hydrogen-electric nacelle technology.
Compared to batteries, hydrogen electric systems will increase flight durations by several orders of magnitude, matching the scale of the Australian continent, its low population density, and its globally unique experience in “beyond visual line of sight (BVLOS) commercial drone operations.
Hydrogen-enabled range elongation will support Carbonix’ existing long distance linear inspection applications such as grid lines and pipelines, mining industry mapping and surveying across large expanses of land - which continue to rely on the use of expensive helicopters or light aircraft.
The newly announced partnership aligns with Australia’s broader hydrogen and decarbonization plans, in Carbonix key end-user markets such as mining and logistics, where passenger aircraft and helicopters, as well as battery or combustion engine drones are already being used - and could now be converted to using locally-produced hydrogen, further fueling the success of major Australian companies such as Fortescue.
Moving fast and starting now, H3 Dynamics will be integrating its off-the-shelf hydrogen systems to Carbonix' existing fleet of small unmanned VTOL systems - enabling training and accelerating field experience.
“Creating intelligent long range aerial systems enabling reliable and effective access to critical remote data while respecting the environment is key to us,” said Philip Van der Burg, Carbonix CEO. “We will work with H3 Dynamics to complete the hydrogen value chain for several rapidly growing UAV segments, and to do it much more quickly - right here in Australia.”
Carbonix’ next generation H2-VTOL UAV will make use of H3 Dynamics’ revolutionary hydrogen-electric nacelle technology, with a first-in-flight milestone announced several days ago. H3 Dynamics’ patented distributed hydrogen-electric propulsion technology liberates the main fuselage, making room for bigger sensors or more cargo for autonomous delivery covering long distances. The special nacelle system liberates fuselage volume for aerial deliveries, opening up medical deliveries to remote communities in Australia.
“Australia will most likely be the first to use commercial electric-powered drones that use hydrogen instead of batteries, in order to fly for many hours at a time and reach those remote locations, or survey much larger areas of land,” said Taras Wankewycz, CEO H3 Dynamics.
Range elongation also means flying beyond visual line of sight (BVLOS), the regulatory edge of the global commercial UAS sector. With its massive land mass and low population density, Australia is indeed an ideal global experiment base Beyond Visual Line of Sight (BVLOS) operations.
In September, H3 Dynamics announced its Australian BVLOS plans with Ripper Group in Australia, a Carbonix drone operator, starting with the deployment of fully autonomous drone stations capable of BVLOS operations across multiple sites, in applications ranging from mining to solar farm surveying, wildlife and ocean protection and life saving. Introducing BVLOS drone stations was initiated earlier, to help ease regulatory approvals for more capable hydrogen VTOL drones, such as the ones Carbonix are working on.
“We are convinced unmanned systems are the evolutionary starting point to increasingly large hydrogen powered flight platforms, where testing, certification and regulatory approval challenges vary based on aircraft weight. H3 Dynamics’ plan is to increase the size of hydrogen air frames every year until we are able to fly passenger-scale aircraft. We want to mature airborne hydrogen technology in today’s existing uncrewed aviation markets as a first essential step towards that ultimate vision,” says Taras Wankewycz, CEO and co-Founder at H3 Dynamics.
The full solution will be made in Australia in close partnership with ASX-listed Quickstep - Australia’s largest independent aerospace composite company, which is also the manufacturer of Carbonix UAV frames. Quickstep has an ongoing development program for intelligent composite hydrogen storage solutions, which could also soon be applied commercially in H3 Dynamics’ hydrogen fuel cell nacelles for hydrogen flight.
About H3 Dynamics www.h3dynamics.com
H3 Dynamics is on a mission to decarbonize aviation with a unique technology solution around distributed hydrogen-electric propulsion, as well as ground refueling solutions. While the commercial opportunities around passenger-scale hydrogen aviation will take many more years to mature, the company is following a “start small” product and services roadmap that solves safety, technical, regulatory challenges by adding scale, weight and complexity over time. The company’s initial commercial focus is on the scale up of autonomous digital services that link to networks of charging stations for off-the-shelf battery-drones, making way for BVLOS hydrogen UAS capability. The company employs 95 team members from its 3 regional headquarters in Toulouse, Austin and Singapore. H3 Dynamics is a member of the Alliance for Zero Emission Aviation under the European Commission, Sustainable Aero Lab, the Lufthansa Cleantech Hub, the Paris Advanced Air Mobility Alliance, and Aerospace Valley in Toulouse.
About Carbonix https://carbonix.com.au
Carbonix is Australia’s leading manufacturer and solutions provider of commercial Unmanned Aerial Vehicles (UAV). Founded in 2012 by America’s Cup veteran Dario Valenza, the Company has pioneered the development of long-range Vertical Take-off and Landing (VTOL) drones for aerial surveillance and precision data capture. Carbonix UAVs enable mission success by providing better insights on remote environments through intelligent, reliable and safe aerial data capture systems. Carbonix has partnered with the likes of Ausgrid for linear asset inspection, Hitachi and Fujitsu on real-time detection in agricultural applications, and is currently collaborating with Australia’s leading university, ANU (Australian National University) on the early detection of bushfires.
Taras Wankewycz
CEO, H3 Dynamics
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KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha becomes an official outboard sponsor of T-BART as the response team forms a new relationship with Yamaha Rightwaters™. Pursuant to the three-year agreement, Yamaha will assist T-BART by providing a Yamaha F115 outboard and other financial backing.
Yamaha Rightwaters supports T-BART’s mission to assist stranded boaters from open water to a safe harbor, such as a dock or launch ramp. Known for an unwavering commitment to help boaters 365 days a year for the past 20 years, T-BART aided 1,820 vessels from 2000 to 2022.
“The Yamaha Rightwaters team understands the need for promoting safe boating, not just on Tellico Lake, but all waterways,” said Joe Filosi, Director of Professional Relations. “We don’t have time to worry about our equipment while assisting stranded boaters. The Yamaha-powered rescue boats allow us to have unmatched reliability so we can focus on helping others.”
T-BART is a non-profit organization providing free assistance to boaters on Tellico Lake. As a part of the organization’s mission to promote safe boating, T-BART offers a personal flotation device (PFD) loan program in six locations on Tellico Lake. This program provides the public with free use of PFDs on a first-come, first-serve basis. The goal of the program is to increase PFD use during water-based activities.
“Stranded boats can become a hazard,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha U.S. Marine Business Unit. “Not only is T-BART contributing to boater safety every day, but they are also eliminating the potential of castaway boats from becoming a safety risk.”
To learn more about T-BART, visit t-bart.org
Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners®, Yamaha Boats, G3® Boats and Skeeter® Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
Nicholas Genesi
Public Relations Manager
Yamaha U.S. Marine Business Unit
Mobile: (470) 898-7278
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Neal Wheaton
Wilder+Wheaton for
Yamaha U.S. Marine Business Unit
Mobile: (404) 317-0698
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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP) (“H&P” or the “Company”) today announced that it has released its 2022 Sustainability Report outlining the Company’s sustainability efforts and performance for its fiscal year ended September 30, 2022.
President and CEO John Lindsay commented, “We remain committed to providing transparency in our sustainability efforts and non-financial data. This commitment is best exemplified in our sustainability report, with our second annual report building upon the information we provided in the previous year. We continue to make strides in our sustainability programs that affect many of our stakeholders and this report provides background information into those programs and ultimately reflects how we operate as a company.”
The 2022 H&P Sustainability Report contains information on various sustainability programs including environmental, safety, DE&I, and governance metrics. The report continues to align with leading sustainability reporting frameworks, including the Sustainability Accounting Standards Board, the Global Reporting Initiative, and the Task Force on Climate-related Financial Disclosures (“TCFD”). A notable addition to the report this year is the introduction of our Quantitative Scenario Analysis in accordance with TCFD recommendations. A copy of H&P’s 2022 Sustainability Report and related 2022 performance data can be downloaded here.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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Company to Expand Largest Knowledge Graph of Life on Earth for the Discovery of Previously Inaccessible Proteins
LONDON--(BUSINESS WIRE)--Basecamp Research (Basecamp), a company that designs protein products based on the largest knowledge graph of natural biodiversity in existence, today announced $20M in Series A funding led by climate investor Systemiq Ventures. Valo, Blue Horizon, True Ventures, and Hummingbird Ventures also participated in the round, bringing Basecamp Research’s total funding to date to $30M.
Basecamp designs protein products that provide R&D teams access to more starting points, allows for the discovery of previously inaccessible proteins, and tests candidates most likely to succeed. Their knowledge graph, BaseData™, is built to comprehend and recreate the collective intelligence of nature, uncovering previously unseen relationships between enzyme and protein classes. This wealth of biological information enables the startup to design “function-first,” meaning that the data science team functions independently from sequence similarity, using structure prediction only as a verification mechanism.
“At Basecamp, we know the answers to our greatest challenges can be uncovered in our environment,” said Oliver Vince, Co-Founder of Basecamp Research. “Less than one percent of the biochemistries in nature have been discovered–a fraction of that percentage has been fully characterized in the real world. Recent advances in bioinformatics, AI, and data science are enabling our team to map a world of untapped possibility, and we’re just getting started.”
Basecamp has built the world’s largest protein code database and is using its unique data moat to train a proprietary stack of graph learning algorithms. George Darrah, principal at Systemiq, said, “Scaling the bioeconomy is a critical lever for unlocking efficient, local, and net zero manufacturing of chemicals, materials, foods, and pharmaceuticals. This is a multi-trillion-dollar disruption opportunity. We are excited by the Basecamp team, and the mission at the heart of accelerating our transition to net zero and restoring biodiversity.”
The London-based company has collected samples from over 40 global expeditions spanning from Antarctica to the Azores. Not only do samples include metagenomic data, but also over 200 environmental characteristics, including pH and taxonomy. Through Basecamp’s unique benefit-sharing model, local partners, called guardians, receive a share of customer royalties. Samples are collected in compliance with the Nagoya Protocol, with the explicit purpose of sustaining local ecosystems.
“The ability to uncover novel biochemistries depends on both data fluency and biological expertise,” said Rohit Sharma, partner at True Ventures. “By combining AI, machine learning, and metagenomics, Basecamp’s knowledge graph is a comprehensive look into biological relationships that can better our health and our planet. The possibilities for groundbreaking innovation are colossal.”
The funding will be used to expand the team, fully validate internal products, and continue building a product portfolio in industries such as pharmaceuticals, nutrition, agriculture, and consumer goods.
Basecamp Research was founded in 2019 and is headquartered in London with partnerships on three continents.
About Basecamp Research
Founded in 2019, London-based Basecamp Research designs advanced protein products for all sectors of the bioeconomy using its unique understanding of how proteins behave in the real world. With a team comprised of Antarctic ice divers to machine learning graph scientists, Basecamp Research is building the largest, most sophisticated, entirely ethically sampled graph database of natural biodiversity – a knowledge graph of life on earth. Through partnerships with some of the largest global companies and industrial leaders, Basecamp’s products currently span food & nutrition, cosmetics, pharma, bioremediation and sustainable manufacturing. For more information, visit https://www.basecamp-research.com/.
Blair Ciecko
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708-655-2045
SAN FRANCISCO--(BUSINESS WIRE)--Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, released its first environmental, social and governance (ESG) report today.
“While this is our inaugural ESG report at Yelp, we’ve always focused on delivering on our mission while upholding our values,” said Jeremy Stoppelman, Yelp co-founder and CEO. “We're taking this step now to understand where we are today so we can make meaningful strides towards a more sustainable future.”
As part of the effort, Yelp calculated its Scope 1, 2 and 3 greenhouse gas emissions for the first time, which are detailed in the report. Notably, the company has seen a significant reduction in emissions since the company fully embraced remote work. Based on these findings, Yelp will develop an actionable approach to further reduce the company’s emissions.
The report also outlines Yelp’s efforts in a number of areas, including:
The full ESG report can be read here. Additional information about Yelp’s ESG approach can be found at yelp-ir.com.
About Yelp
Yelp Inc. (www.yelp.com) connects people with great local businesses. With unmatched local business information, photos, and review content, Yelp provides a one-stop local platform for consumers to discover, connect, and transact with local businesses of all sizes by making it easy to request a quote, join a waitlist, and make a reservation, appointment, or purchase. Yelp was founded in San Francisco in July 2004.
Forward-Looking Statements
This press release contains words such as “expects,” “will,” “anticipates,” “aims,” “projects,” “intends,” “plans,” “believes,” “estimates,” “seeks,” “assumes,” “may,” “should,” “could,” “would,” “foresees,” “forecasts,” “predicts,” “targets,” “commitments,” “goals” variations of such words and similar expressions. These words are intended to identify such forward-looking statements, which may consist of, among other things, trend analyses and statements regarding future events, future financial and climate performance and achievement of stated ESG goals. These forward-looking statements are based on current expectations, estimates and forecasts, as well as the beliefs and assumptions of our management, and are subject to risks and uncertainties that are difficult to predict. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. We continually review emissions quantification methodologies and are committed to implementing best practice quantification methodologies. These and other risks and uncertainties may cause our actual results to differ materially and adversely from those expressed in any forward-looking statements. Readers are directed to risks and uncertainties identified in the “Risk Factors” section and elsewhere in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (SEC) on February 28, 2022, for additional detail regarding factors that may cause actual results to be different than those expressed in our forward-looking statements. Except as required by law, we undertake no obligation to revise or update publicly any forward-looking statements for any reason. The contents of the various websites referenced throughout this press release are not incorporated by reference and do not constitute a part of any filing we have made or will make with the SEC. Further, we undertake no obligation to revise or update the information included in the links to websites referenced throughout this press release.
Investor Relations Contact:
Kate Krieger
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Press Contact:
Amber Albrecht
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Capital Raise to Accelerate Software Development and Scale Up Project Deployment
SAN DIEGO & BOSTON--(BUSINESS WIRE)--PowerFlex, an EDF Renewables North America affiliate and leading provider of intelligent solar, storage, and electric vehicle (EV) charging solutions for commercial and industrial customers, today announced a $100 million investment from Manulife Investment Management (Manulife IM) on behalf of investors. With this transaction, Manulife IM holds a minority stake in PowerFlex and has joined its Board of Directors; EDF Renewables retains majority ownership. Manulife IM has also acquired a portfolio of existing operating assets to serve as the basis for a dedicated financing vehicle for future projects.
PowerFlex plans to use the proceeds of this capital raise to further invest in PowerFlex X, its proprietary line of software and hardware that intelligently integrates and co-optimizes onsite energy assets, and centralizes control, data collection, and reporting into a single digital platform. The investment will also enable PowerFlex to accelerate the deployment of onsite solar, storage, and EV charging to meet increasing customer demand driven by corporate sustainability commitments, individual state renewable portfolio standards and targets, and climate-friendly federal legislation, such as the Inflation Reduction Act.
“We are excited to partner with Manulife Investment Management, whose team brings an in-depth understanding of infrastructure trends that will help us continue providing our clients with reliable and cutting-edge clean energy solutions,” said Raphael Declercq, CEO of PowerFlex. “PowerFlex’s accompanying digital products optimize the system performance of all onsite energy assets to generate greater cost savings and increase efficiency. The investment will help advance our mission of electrifying the transportation sector and deploying low-carbon infrastructure in a way that also supports a cleaner, more decentralized and resilient grid.”
“We are happy to partner with EDF Renewables and play a role in PowerFlex’s growth to help its customers achieve their sustainability and decarbonization goals,” said Pradeep Killamsetty, Managing Director, Infrastructure Investments, Manulife Investment Management. “We see a strong growth opportunity for PowerFlex’s intelligent solutions, which enable organizations and enterprises to reduce energy costs and increase resiliency by integrating and co-optimizing multiple technologies, including solar, battery storage, EV charging, and microgrid systems.”
“EDF Renewables consolidated its onsite solar, storage, and EV charging offerings under the PowerFlex brand in 2021 to meet the growing demand for onsite clean energy and EV infrastructure,” said Tristan Grimbert, President and CEO of EDF Renewables North America. “As a leader in the renewable energy sector, we are pleased to partner with Manulife Investment Management — a company that shares our values of sustainability and innovation — to accelerate the deployment of the cutting-edge solution that PowerFlex offers commercial and industrial customers to decarbonize their onsite energy.”
One of the largest developers and installers of commercial solar in the U.S., with more than 400 MW placed in service, PowerFlex makes solar and storage easy for corporate customers. As the electrification of the transportation sector accelerates, so does the need for PowerFlex’s intelligent EV charging solutions. The company has deployed and operates approximately 10,000 chargers, which can be integrated with solar and storage systems for increased resiliency and cost-savings.
PowerFlex partners with the top corporate cleantech adopters in the U.S., and its extensive client roster includes organizations such as the Los Angeles International Airport (LAX), for whom PowerFlex installed 1,000 EV chargers at new parking facilities, as well as PepsiCo, and Bloomberg L.P. As a trusted solar developer for Prologis, the leading industrial real estate company, PowerFlex has built a portfolio of programmatic solar installations, including rooftop and carport solar systems at 70 sites. Additional customer projects are available at Our Work.
About PowerFlex
PowerFlex, an EDF Renewables affiliate, is a leading national provider of intelligent onsite energy solutions that support carbon-free electrification and transportation. The Company delivers integrated solar, storage, EV charging, and microgrid systems to businesses and organizations. As a single full-service provider, PowerFlex customizes clean technology solutions to help clients achieve their energy and sustainability goals. Through the comprehensive PowerFlex X platform, PowerFlex leverages patented smart software to control, monitor, and optimize a client's distributed energy resources to reduce cost and maximize return on investment. For more information, visit www.powerflex.com. Connect with us on LinkedIn, YouTube, and Twitter.
About EDF Renewables North America
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; distribution-scale power: solar and storage; asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects; and onsite solutions, through the Company’s PowerFlex affiliate, offering 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 Renewables, 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 Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 19 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
Media Contacts:
PowerFlex
Emily Lau
Marketing and Communications Manager
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Manulife Investment Management
Elizabeth Bartlett
Head of Wealth & Asset Management Public Relations, US & Europe
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Tel: +1 857 210 2286
CARY, N.C.--(BUSINESS WIRE)--MercuryGate® International, Inc., (MercuryGate) the largest, dedicated transportation management system (TMS) provider, today announced the company was named a 2022 Top Software & Technology Provider by Food Logistics Magazine.
This year’s awardees were recognized for investing in and implementing emerging technologies – from mobile technology to Internet of Things and from food safety management, routing and scheduling to yard management and more.
“This year’s award is particularly meaningful and for good reason,” said MercuryGate President & CEO Joe Juliano. “Over the past year, MercuryGate has delivered to the market several new product development features laying the groundwork for a unified system that combines end-to-end shipment lifecycle visibility with actional execution layers. We call it Intelligent Transportation. MercuryGate will be the first platform to create full transparency to the shipment journey combining real-time predictive data and the ability to take preemptive action in one place on one unified TMS.”
The Food and Beverage industry is a core market of MercuryGate. The company’s track record of multi-decade investments in this vertical will continue in 2023 and beyond serving the needs of its more than 100 food and beverage companies accounting for nearly $1 billion in freight under management (FUM). With 180+ million annual shipments and $93 billion of FUM, MercuryGate’s TMS platform simplifies the complex to facilitate multi-mode, multi-leg, pickup, drop, customer, dynamic change loads, on-time and in-full (OTIF) and must arrive by date (MABD) shipments on one platform. The platform can also identify separation or co-mingling of frozen and chilled products.
“The supply chain management software segment is projected to reach $18.04 billion this year, according to Statista, and includes all the corresponding emerging software solutions such as mobile technology, robotics, wireless technology and more,” said Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive. “This year’s winners and their solutions represent the industry’s best software and technology offerings providing flexibility, efficiency, safety, visibility, and end-to-end management from farm to fork and beyond. Congratulations to this esteemed group.”
Food Logistics is the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain. A listing of the 2022 Top Software & Technology providers can be found here: www.FoodLogistics.com.
About Food Logistics
Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Food Logistics and sister publication Supply & Demand Chain Executive are also home to L.I.N.K. and L.I.N.K. Educate podcast channels, L.I.N.K. Live, SCN Summit, SupplyChainLearningCenter.com and more. Go to www.FoodLogistics.com to learn more.
About MercuryGate
MercuryGate provides powerful, intelligent transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The comprehensive Software-as-a-Service (SaaS) product suite natively supports all transportation modes and segments, generating value for its users through improved cost, productivity and efficiency using artificial intelligence (AI), machine learning (ML) and connected technologies to adapt and automate transportation management functions. Learn how MercuryGate makes shipping intelligent, simple, sustainable and transformative for customers at: www.mercurygate.com.
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PV solar-plus-storage systems with Ampt deliver more energy and have a lower capex compared to other approaches
FORT COLLINS, Colo.--(BUSINESS WIRE)--Ampt, the world’s #1 DC optimizer company for large-scale photovoltaic (PV) systems, today announced it has been named a Top Ten Energy Storage Solutions Provider of 2022 by Energy Tech Review. Ampt was awarded for its superior DC power management technology. This recognition distinguishes Ampt at the forefront of the energy transition as a leading player in large-scale PV plus storage deployments.
Ampt String Optimizers are DC/DC converters that lower the cost and improve the performance of PV plus storage systems. Some of the largest PV plus DC-coupled storage systems in the world are using Ampt optimizers to save on electrical BOS components, battery converters, and inverters, while generating and capturing more energy to increase the return of investments on projects.
Energy Tech Review’s energy storage awards identifies the best-in-class solution providers across a diverse range of applications and showcases their expertise and services in solving impediments and overcoming market complexities. Ampt’s innovative power optimization technology enables DC-coupled storage, which provides superior cost and performance compared to the other solar-plus-storage architectures. With Ampt, DC-storage devices can be seamlessly and flexibly co-located with solar power plants, eliminating obstacles seen in AC-coupled systems, such as the need for ancillary hardware parts and construction of separate solar and storage systems. Ampt String Optimizers are unlocking value for the world’s leading renewable energy project developers, and the company is on track to triple shipments in 2022 as demand for its innovation continues to grow.
“We’re pleased to be recognized as a Top 10 Energy Storage Solutions Provider of 2022,” said Levent Gun, CEO of Ampt. “Our mission is to replace fossil fuels with solar, but this cannot be achieved without energy storage. Ampt String Optimizers makes it easier for developers to integrate low-cost storage devices seamlessly into their solar power plants, and then maximizes the plant’s energy output for greater returns on investment. A growing bottom line means more solar plants and a low-carbon future for our planet.”
For more information about the Energy Tech Review award and Ampt, click here.
About Ampt
Ampt delivers innovative power conversion and communication technology that are used to lower the cost and improve performance of new PV systems, repower existing systems, and enable lower cost DC-coupled storage. With installations and experience serving markets around the world, Ampt is the number one DC optimizer company for large-scale systems. The company is headquartered in Fort Collins, Colorado and has sales and support locations in North America, Europe, and Japan as well as representation in Asia, Australia, and the Middle East. For more information, visit www.ampt.com and follow Ampt@LinkedIn.
Media:
Annika Harper
Antenna Group
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is providing an update on its latest wells in its Tishomingo field in Oklahoma.
Brock 9-3H Well & Glenn 16-3H Well
The Brock 9-3H well (100% working interest) has averaged about 900 Barrels of oil equivalent per day (“BOEPD”) (765 Barrels of oil per day (“BOPD”)) for the last eight days as the well has been flowing back the completion stimulation fluid.
The Glenn 16-3H well (100% working interest) has averaged about 860 BOEPD (690 BOPD) for the last eight days as the well has been flowing back the completion stimulation fluid.
Emery 17-2H Well
The Emery 17-2H well* (98.725% working interest) has averaged about 740 BOEPD (580 BOPD) for the last twenty-five days as the well has been cleaning up after the completion.
Wolf Regener, President and CEO, commented, “These latest three wells are currently adding over 2,500 BOEPD to our previous production, which in the third quarter was 1,700 BOEPD. Based on how these wells are currently performing, we anticipate easily exceeding our 2,700 BOEPD forecast exit rate at year-end. While early in the production cycle, the five wells we drilled this year with our latest generation completion technique are showing some of the best early results we have had in this field. This demonstrates the consistency that management believes it can continue to achieve.
“The very strong early results of the Brock 9-3H and Glenn 17-3H are occurring while the wells are still flowing up casing as the tubing is scheduled to be installed in the coming weeks. We are also extremely pleased with the 740 BOEPD 25-day initial production rate (“IP25”) from the Emery 17-2H well, which is also still flowing up casing.
“To put this excellent well performance in perspective, the forecasted 30-day proved curve case (IP30) utilized by our third-party engineering firm for our December 31, 2021 reserve report was 388 BOEPD (“Reserve Report IP30”), while the initial 30-day type curve used by the Company’s management for wells in the corridor assumes a 472 BOEPD IP30 rate (“Management IP30”). The Emery 17-2H well 25-day IP, the Brock 9-3H well 8-day IP and the Glenn 17-3H 8-day IP rates are all higher than the comparable IP day rates for both the Barnes 8-4H well that was drilled earlier this year and the Glenn 16-2H well. The Glenn 16-2H well was drilled a few years ago in the corridor and was completed with the first generation of our latest completion design. The Barnes 8-4H and the Glenn 16-2H wells ended up with IP30 rates that were about 1.5 and 1.6 times higher, respectively, than the Reserve Report IP30.
“Based on the current performance of the wells and the expectation that they will perform similarly to our previous core area wells, we anticipate that all the wells will end up with IP30 rates that are much higher than the Reserve Report IP30 and above the Management IP30. However, there can be no assurance as to what each well’s IP30 rate or ultimate productivity will be.”
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company’s shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQX under the stock symbol KGEIF.
Cautionary Statements
In this news release and the Company’s other public disclosure: The references to barrels of oil equivalent (“Boes”) reflect natural gas, natural gas liquids and oil. Boes may be misleading, particularly if used in isolation. A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves. The type curve utilized by the Company’s management is the average of the 7 Caney wells that were drilled prior to December 31st, 2021, are located in the Corridor (well names can be found on the Company’s Corporate presentation), with lateral lengths normalized to a 4,900 ft lateral length, the other assumptions are the same as in the Company’s December 31, 2021 independent reserves evaluation.
* The Emery 17-2H was referred to as the Emery 17-3H in the Company’s previous news release.
Readers should be aware that references to initial production rates and other short-term production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the results of the Company’s December 31, 2021 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2021, which the Company filed on SEDAR on March 8, 2022.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the timing of and expected results from planned wells development, the anticipated IP30 rate of the Emery 17-2H well, the Barnes 9-3H well and the Glenn 16-3H well, tubing is scheduled to be installed in the coming weeks, the forecast exit rate at year-end, and management’s expectation regarding achieving consistency in future wells. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company’s technical team at the date the data is provided and is subject to several factors and assumptions of management, including that that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company’s business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment or labor are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company’s business as set forth in the Company’s management discussion and analysis and its annual information form, both of which are available for viewing under the Company’s profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Wolf E. Regener +1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com
Investors are encouraged to watch the Company’s new video, outlining Coretec’s Endurion technology and its unique approach to battery development.
ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group (OTCQB: CRTG), developers of silicon anode active materials in lithium-ion batteries for EV, cleantech, and emerging tech applications, today released a short, informative video for investors and the public to view, ahead of its upcoming shareholder call at 10:00 a.m. EST on Wednesday, December 14, 2022.
The video clip can be viewed below:
The shareholder call will cover Coretec’s accomplishments from 2022, provide updates to its Endurion battery program, and outline corporate plans for growth in the new year. Company leaders will also answer pre-submitted questions from the investment community, potential partners and news media.
Webcast Details
Audience Link
Where attendees will register and view the event. The webcast console will be available to registered attendees 15 minutes prior to the scheduled event start time.
https://events.q4inc.com/attendee/242293725
Participants (please use if you cannot access the webcast)
United Kingdom (Toll-Free): +44 808 189 6484
United States: 1 844 200 6205
United States (Local): 1 646 904 5544
Canada dial-in number (Toll-Free): 1 833 950 0062
Canada dial-in number (Local): 1 226 828 7575
All other locations: +1 929 526 1599
Access code: 599774
About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.
For more information, please visit thecoretecgroup.com.
Follow The Coretec Group on:
Twitter – @CoretecGroupInc
LinkedIn – www.linkedin.com/company/24789881
YouTube – www.youtube.com/channel/UC1IA9C6PoPd1G4M7B9QiZPQ/featured
Forward-Looking Statements
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
Corporate Contact:
The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833
Media Contact:
Spencer Herrmann
FischTank PR
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+1 (518) 669-6818
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