PEP Research Team Reports Energy Cycle Has Just Begun
HOUSTON--(BUSINESS WIRE)--The energy sector has outperformed the S&P 500 by 146% over the last two years so investors often question if this cycle is about over. However, energy cycles typically don’t end until the capital investment cycle has peaked and this one has just begun. The economic cycle may create headwinds for energy stocks as a recession creates headwinds for all stocks, but we believe relative performance is more a function of the capital investment cycle. Reinvestment rates and upstream investment are at the lowest levels in years, which should continue to drive outperformance as global supply remains constrained. Major takeaways include:
Capital should continue to flow back into energy.
Low returns repel capital, making the paltry energy index weighting of the last few years seem completely logical. Conversely with increasing capital discipline, industry return on capital employed is back to levels comfortably above the cost of capital, and we see index weightings returning to historical levels as attractive returns continue to draw capital back into the sector.
We remain constructive on crude despite near-term uncertainty.
Global crude inventories are at the lowest point since 2004 when accounting for strategic reserves, OPEC+ spare capacity is limited, and global upstream investment costs have increased ~25% since 2020 despite limited increases in overall capital investment spending. This leaves us comfortable that the floor in crude is much higher than in past recessions. We see the potential for significant upside stemming from supply imbalances heading into 2023, particularly if China demand recovers to historic levels.
Stocks priced like the end of the cycle, not the beginning.
Energy sector relative multiples continue to languish near 30-year lows. Historically, energy sector relative multiples compressed after a period of sustained capital investment. The market appears to be pricing the end of the current cycle before it has even started. Despite outperforming the S&P 500 by 84% in 2022, S&P 500 Energy FCF yields are over 2x the market averages in both 2023/2024 despite lower commodity prices.
PEP Research Top Energy Stock Picks for 2023:
About PEP
Pickering Energy Partners (PEP) is an energy focused financial services platform. Our expertise spans decades across the entire energy landscape. We’ve deployed over $16 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors, and partners alongside our clients. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in. For more information, please visit www.PickeringEnergyPartners.com.
Pickering Energy Partners LP (“PEP”) is an SEC Registered Investment Advisor. Affiliated PEP Advisory LLC (“PEP BD”) is a registered broker-dealer, member FINRA/SIPC. The following commentary is provided by PEP Research, a division of PEP Advisory LLC.
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HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (NYSE: MGY) will host a conference call and webcast to discuss operational and financial results for the fourth quarter and full year 2022 on Wednesday, February 15 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
Join the webcast by visiting Magnolia’s website at www.magnoliaoilgas.com/investors/events-and-presentations and clicking on the webcast link or by dialing 1-844-701-1059. Materials related to Magnolia’s fourth quarter and full year 2022 financial results to be discussed during the webcast will be made available in the Investors section of the website prior to the call. The company will post a replay of the webcast on its website following the call.
About Magnolia Oil & Gas
Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.
Brian Corales
713-842-9036
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Reaffirms 2022 annual earnings per share guidance range of $1.75 to $1.80
Announces 2023 annual earnings per share guidance range of $1.85 to $1.90
Infrastructure investments of $3.3 billion through 2025
Reaffirms multiyear ESG commitments
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announces earnings guidance, 3-year rate base guidance, 3-year infrastructure investment plans, and reaffirmation of ESG commitments.
“Our continued focus on operational excellence while growing our business through acquisition and capital investment has provided benefits to both customers and shareholders. This focus along with our dedication to sustainable business practices allows us to deliver critical resources with a high degree of reliability and resiliency to the communities we serve,” said Essential Chairman and Chief Executive Officer Christopher Franklin. “The long-term guidance we are issuing today is consistent with our long tradition of driving growth in earnings and delivering long-term value for our stakeholders.”
Essential Financial and Growth Guidance
ESG Guidance and Commitments
Essential reaffirms its commitment to substantially reduce Scope 1 and 2 greenhouse gas emissions by 2035. The company plans to achieve these reductions through extensive gas pipeline replacement, the purchase of renewable energy, accelerated methane leak detection and repair, and various other planned initiatives. Essential also reaffirms its commitment to diversity, equity, and inclusion efforts to ensure the diversity of its employees and suppliers reflects the diversity of its customer population. In August 2022, the company reported on its progress by announcing a 14% scope 1 and 2 emissions reduction towards its 60% reduction target, 16% of employees are people of color towards its 17% target, and almost 13% supplier diversity towards its 15% target.
Water Utility Growth by Acquisition
Essential’s continued growth by acquisition allows the company to provide safe and reliable water and wastewater service to an even larger customer base than it could from only organic customer growth. In 2022, Essential acquired three water and wastewater systems and added approximately $120 million in rate base and over 23,000 new customers or equivalent dwelling units to the company’s footprint.
The company has previously announced seven signed purchase agreements for additional water and wastewater systems in Pennsylvania, Illinois, Texas, and Ohio that are pending closing and are expected to serve approximately 218,000 equivalent retail customers or equivalent dwelling units and total over $377 million in purchase price. These systems include the recently announced agreement to acquire the 5,300 customer municipal wastewater system of Union Rome in Ohio for $25.5 million. The company’s $276.5 million agreement to acquire the Delaware County Regional Water Quality Control Authority (DELCORA), a Pennsylvania sewer authority that serves approximately 198,000 equivalent dwelling units in the Philadelphia suburbs, is included among these signed purchase agreements. The company expects a final decision from the Pennsylvania Public Utility Commission in mid-2023 based on their published calendar.
Essential Reaffirms 2022 Earnings Guidance
The company reaffirms 2022 net income per diluted common share guidance of $1.75 to 1.80.
Assumptions
Essential Utilities does not guarantee future results of any kind. Guidance is subject to risks and uncertainties, including, without limitation, those factors outlined in the “Forward Looking Statements” of this release and the “Risk Factors” section of the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
The earnings per share, infrastructure investment and rate base guidance announced today includes these signed municipal water and wastewater acquisitions for which the company has entered into signed purchase agreements but does not include other potential municipal acquisitions from the company’s list of acquisition opportunities that currently represents approximately 430,000 customer equivalents. The average annual regulated water segment growth guidance announced today reflects the company’s proven acquisition track record of adding nearly 118,000 customers or equivalent dwelling units and over $481 million in rate base since 2015, its current backlog of over $377 million of signed pending acquisitions with approximately 218,000 equivalent customers, and the current acquisition landscape.
The guidance is also based on the company’s expectation that it will continue to issue equity on an as needed basis to support acquisitions and capital investment plans.
The company’s guidance does not include any impact from the recently announced agreement to sell its West Virginia natural gas utility, which is expected to close mid-year 2023, as it is not expected to materially impact the earnings per share, infrastructure investment and rate base guidance announced today.
Fourth Quarter and Full Year 2022 Earnings Call Information
Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter and year ended Dec. 31, 2022 on Feb. 27, 2023.
Date: Feb. 27, 2023
Time: 11 a.m. EST (please dial in by 10:45 a.m.)
Webcast and slide presentation link: https://www.essential.co/events-and-presentations/events-calendar
Replay Dial-in #: 866.583.1035 (U.S.) & International callers can find their dial in here
Confirmation code: 7366261
The company’s conference call with financial analysts will take place on Monday, Feb. 27, 2023, at 11 a.m. Eastern Standard Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company’s website for 90 days following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on Feb. 27, 2023, for 10 business days following the call. To access the audio replay in the U.S., dial 866.583.1035 (pass code 7366261). International callers can find their dial in number here (pass code 7366261).
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates,” and similar expressions. The Company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent its views only as of today and should not be relied upon as representing its views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, among others: the guidance range of net income per diluted common share for the fiscal years ending in 2022 and 2023; the continuation of the three-year period of earnings growth through 2025; the anticipated amount of capital investment in 2023; the anticipated amount of capital investment from 2023 through 2025; the reduction of Scope 1 and Scope 2 greenhouse gas emissions by 60% by 2035 from the company’s 2019 baseline; that the company’s pipeline replacement program will lead to significant methane reductions; its multi-year plan to ensure that finished water does not exceed 13 parts per trillion of PFOA, PFOS, and PNFA compounds, that the company’s municipal growth pipeline is strong;; the company’s ability to increase diverse supplier spend to 15%; the company’s ability to achieve 17% employees of color; the company’s anticipated rate base growth from 2023 through 2025; and, the anticipated closing of the sale of its West Virginia natural gas utility. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: disruptions in the global economy; financial and workforce impacts from the COVID-19 pandemic; potential disruptions in the supply chain for raw and finished materials; the continuation of the company's growth-through-acquisition program; general economic business conditions; the company’s ability to raise additional equity, including on an as needed basis; housing and customer growth trends; unfavorable weather conditions; the success of certain cost-containment initiatives; changes in regulations or regulatory treatment; the company’s ability to successfully close municipally owned systems presently under agreement and successfully complete other acquisitions and dispositions; and other factors discussed in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, which are filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with Essential's business, please refer to Essential's annual, quarterly, and other SEC filings. Essential is not under any obligation - and expressly disclaims any such obligation - to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
About Essential
Essential Utilities, Inc. (NYSE: WTRG) delivers safe, clean, reliable services that improve quality of life for individuals, families, and entire communities. With a focus on water, wastewater and natural gas, Essential is committed to sustainable growth, operational excellence, a superior customer experience, and premier employer status. We are advocates for the communities we serve and are dedicated stewards of natural lands, protecting more than 7,600 acres of forests and other habitats throughout our footprint.
Operating as the Aqua and Peoples brands, Essential serves approximately 5.5 million people across 10 states. Essential is one of the most significant publicly traded water, wastewater service and natural gas providers in the U.S. Learn more at www.essential.co.
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ROCKVILLE, Md.--(BUSINESS WIRE)--$AAC #SMRs--X-Energy Reactor Company, LLC (“X-energy” or the “Company”), a leading developer of small modular nuclear reactor and fuel technology for clean energy generation, announced today that Chief Executive Officer of X-energy, J. Clay Sell, and Co-Chairman and Chief Executive Officer of Ares Acquisition Corporation, Co-Founder of Ares and Co-Chairman of the Ares Private Equity Group, David Kaplan, will participate in a fireside chat at the Shareholder Equity Conference on Tuesday, January 17, 2023 at 11:00 am ET.
The presentation will be webcast live and may be accessed at https://www.openexchange.tv/share-series. An archived replay will be available on the Shareholder Equity Conference website for approximately 90 days following the event.
As previously announced, X-energy has entered into a definitive business combination agreement with Ares Acquisition Corporation (NYSE: AAC) (“AAC”), which will establish X-energy as a public company. Upon the closing of the transaction, which is expected to be completed in the second quarter of 2023, the combined company will be named X-Energy, Inc. and its common equity securities and warrants are expected to be listed on the NYSE.
About X-Energy Reactor Company, LLC
X-energy is a leading developer of small modular nuclear reactor and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient advanced small modular nuclear reactors and proprietary fuel to deliver reliable, zero-carbon and affordable energy to people around the world. X-energy’s simplified, modular and intrinsically safe SMR design expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with other SMRs and conventional nuclear. For more information, visit X-energy.com or connect with us on Twitter or LinkedIn.
About Ares Acquisition Corporation
AAC is a special purpose acquisition company (SPAC) affiliated with Ares Management Corporation, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. AAC is seeking to pursue an initial business combination target in any industry or sector in North America, Europe or Asia. For more information about AAC, please visit www.aresacquisitioncorporation.com.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to the Business Combination, including statements regarding the benefits of the Business Combination, the anticipated timing of the Business Combination, the markets in which X-energy operates and X-energy’s projected future results. X-energy’s actual results may differ from its expectations, estimates and projections (which, in part, are based on certain assumptions) and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Although these forward-looking statements are based on assumptions that X-energy and AAC believe are reasonable, these assumptions may be incorrect. These forward-looking statements also involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Factors that may cause such differences include, but are not limited to: (1) the outcome of any legal proceedings that may be instituted in connection with any proposed business combination; (2) the inability to complete any proposed business combination or related transactions; (3) inability to raise sufficient capital to fund our business plan, including limitations on the amount of capital raised in any proposed business combination as a result of redemptions or otherwise; (4) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals or complete regulatory reviews required to complete any business combination; (5) the risk that any proposed business combination disrupts current plans and operations; (6) the inability to recognize the anticipated benefits of any proposed business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain key employees; (7) costs related to the proposed business combination; (8) changes in the applicable laws or regulations; (9) the possibility that X-energy may be adversely affected by other economic, business, and/or competitive factors; (10) the ongoing impact of the global COVID-19 pandemic; (11) economic uncertainty caused by the impacts of the conflict in Russia and Ukraine and rising levels of inflation and interest rates; (12) the ability of X-energy to obtain regulatory approvals necessary for it to deploy its small modular reactors in the United States and abroad; (13) whether government funding and/or demand for high assay low enriched uranium for government or commercial uses will materialize or continue; (14) the impact and potential extended duration of the current supply/demand imbalance in the market for low enriched uranium; (15) X-energy’s business with various governmental entities is subject to the policies, priorities, regulations, mandates and funding levels of such governmental entities and may be negatively or positively impacted by any change thereto; (16) X-energy’s limited operating history makes it difficult to evaluate its future prospects and the risks and challenges it may encounter; and (17) other risks and uncertainties separately provided to you and indicated from time to time described in filings and potential filings by X-energy, AAC or X-energy, Inc. with the SEC.
The foregoing list of factors is not exhaustive. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AAC’s Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, the proxy statement/prospectus related to the transaction, when it becomes available, and other documents filed (or to be filed) by AAC from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. These risks and uncertainties may be amplified by the conflict between Russia and Ukraine, rising levels of inflation and interest rates and the ongoing COVID-19 pandemic, which have caused significant economic uncertainty. Forward-looking statements speak only as of the date they are made. Investors are cautioned not to put undue reliance on forward-looking statements, and X-energy and AAC assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities and other applicable laws.
No Offer or Solicitation
This press release is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Participants in the Solicitation
AAC and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from AAC’s shareholders, in favor of the approval of the proposed transaction. For information regarding AAC’s directors and executive officers, please see AAC’s Annual Report on Form 10-K, its subsequent Quarterly Reports on Form 10-Q, and the other documents filed (or to be filed) by AAC from time to time with the SEC. Additional information regarding the interests of those participants and other persons who may be deemed participants in the Business Combination may be obtained by reading the registration statement and the proxy statement/prospectus and other relevant documents filed with the SEC when they become available. Free copies of these documents may be obtained as described in the preceding paragraph.
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Global Hospitality Leader to Offer Ultra-Premium Drinking Water at Select Hotels in Singapore
SINGAPORE--(BUSINESS WIRE)--Global hospitality leader Accor is partnering with SOURCE Global, PBC to bring the world’s first truly sustainable bottled drinking water brand to prominent hotels in Singapore.
With people, societies, and communities at the heart of its strategy, and a history of embracing innovation and environmentally friendly business practices, Accor will replace single-use plastic bottled water at key hotels in Singapore with premium drinking water packaged in reusable glass bottles and made by SOURCE Hydropanels – a ground-breaking solar-powered technology that harvests the pure, endlessly renewable water vapour in the air and transforms it into premium drinking water.
Each Hydropanel can offset more than 50,000 plastic bottles in its lifetime. SOURCE will deliver its water in reusable glass bottles, which will be collected, cleaned, and refilled near the SOURCE “Water Farm.”
The project is part of Accor’s global commitment to increase circularity in its operation and eliminate single-use plastics in the guest experience, consistent with the UN Global Tourism Plastics Initiative and the Resource Sustainability Bill passed by the Singaporean Government in 2019, which is part of the Government's zero-waste initiatives.
“We are really proud to be partnering with SOURCE on this incredible solution that allows us to serve sustainable drinking water at our hotels,” says Nigel Moore, Senior Vice President, Food & Beverage, Southeast Asia, Japan & South Korea. “This partnership was a natural extension of the work we are doing to ensure our hotels operate more sustainably and make a positive impact on the communities in which we are present. We look forward to showcasing this great concept with our guests.”
“SOURCE® offers an innovative answer to industry leaders committed to sustainability and the conscious consumers they serve,” said Neil Grimmer, Brand President of SOURCE Global, PBC. “We’re proud to partner with Accor as they redefine sustainable luxury and offer a unique and exceptional experience for their guests.”
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ABOUT ACCOR
Accor is a world leading hospitality group consisting of 5,300 properties and 10,000 food and beverage venues throughout 110 countries. The Group has one of the industry’s most diverse and fully-integrated hospitality ecosystems encompassing more than 40 luxury, premium, midscale and economy hotel brands, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. Accor’s unmatched position in lifestyle hospitality – one of the fastest growing categories in the industry – is led by Ennismore, a joint venture, which Accor holds a majority shareholding. Ennismore is a creative hospitality company with a global collective of entrepreneurial and founder-built brands with purpose at their heart. Accor boasts an unrivalled portfolio of distinctive brands and more than 230,000 team members worldwide. Members benefit from the company’s comprehensive loyalty program – ALL - Accor Live Limitless – a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. Through its global sustainability commitments (such as achieving Net Zero Carbon emissions by 2050, global elimination of single use plastics in its hotels’ guest experience, etc.), Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the Group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, Instagram and TikTok.
ABOUT SOURCE GLOBAL, PBC
A Public Benefit Corporation, SOURCE Global, PBC’s mission is to make drinking water an unlimited resource. The company’s SOURCE® Hydropanels create drinking water using sunlight and air as the only inputs, and can put the power of safe, sustainable drinking water in the hands of every person in nearly every climate and corner of the world. SOURCE is on Fast Company’s 2020 list of most innovative social good companies. Headquartered in Scottsdale, Arizona, the company operates in 52 countries and on six continents. SOURCE is a registered trademark of SOURCE Global, PBC. For more information, visit www.source.co and follow us on Facebook, LinkedIn, Twitter and Instagram.
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BOULDER, Colo.--(BUSINESS WIRE)--Uplight, the technology partner of energy providers transitioning to the clean energy ecosystem, today announced the company has partnered with Rolling Energy Resources (RER) to create a complete electric vehicle (EV) grid edge solution that enables utilities to best engage EV customers and manage grid load—thanks to data coming directly from vehicle telematics.
The number of EVs being purchased is rapidly increasing as states like California establish roadmaps to reach 100% new zero-emission vehicle sales. As an influx of EVs hit the road and the grid, they bring with them an urgent need for utilities to be able to identify EVs on their network and engage owners to effectively manage charging patterns—both to save consumers money and to optimize grid resources.
By partnering with RER, Uplight is helping to meet that need, providing truly agnostic charging data to utilities—by utilizing data provided directly from vehicle telematics. This makes EV managed charging programs run by Uplight a better customer experience for all EV owners and more beneficial to utilities.
RER’s solution provides the secure, reliable, two-way data utilities need to manage load from most major EV OEM brands, including Tesla, Ford, Toyota, GM and many others. Their solution simplifies data gathering, enabling Uplight and its utility clients to access data from all the major car brands and provide clean data in a consistent format, rather than managing separate data feeds for each OEM. This accelerates a utility’s ability to manage EV loads, both through behavioral incentives and direct load management.
“EVs are going to have a profound impact on grid demand in the coming years, and data is key to managing that demand as it multiplies,” said Greg Gould, Chief Product Officer at Uplight. “Leveraging RER’s solution is key to simplifying EV charging data gathering and analysis, allowing us to provide a comprehensive offering to utilities with insights based on both vehicle telematics and EV charger data, removing the complication from understanding EV demand on the grid.”
“The current influx of EVs requires a new approach to managing electric demand from vehicle charging,” said Scott Dimetrosky, CEO of RER. “By connecting to almost all EV brands and making consistent vehicle telematics data available regardless of make and model, our data makes it easy for utilities to understand the impact of EV charging on their grids and develop effective programs to manage those loads. By partnering with Uplight, we get that critical data into the hands of more utility program managers and distribution planners so they can effectively manage the EV transition.”
The partnership builds on Uplight’s EV Solution Suite, the only comprehensive, end-to-end set of software solutions for utilities to drive customer adoption and grid-friendly charging solutions for utility customers. PSE&G New Jersey is among utilities already leveraging Uplight’s EV Solutions and will be among the first to benefit from Uplight’s partnership with RER in early 2023.
To learn more about Uplight’s EV solutions, visit: https://uplight.com/solutions/electric-vehicle-adoption-and-experience/.
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.
About RER
Rolling Energy Resources (RER) takes a new approach to managing electric demand from vehicle charging. Our platform provides utilities with smart charging, demand response, and electric vehicle research solutions for all automotive brands, without new hardware. We connect directly to the cars through their native APIs, utilizing systems that are already in place. Our solutions can control charging and monitor battery state-of-charge, regardless of where the customer plugs in. To learn more, visit us at www.rollingenergyresources.com or on LinkedIn at linkedin.com/company/rollingenergyresources.
Liam Sullivan
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TURKU, Finland--(BUSINESS WIRE)--#3DDesign--Cadmatic is part of a consortium of industrial companies and academic institutions that is leading the EU-funded Smart European Shipbuilding project (SEUS) that was launched 1 January 2023. SEUS is an EU Innovation Action with a focus on computational tools for shipbuilding. The consortium will create a framework for data-driven shipbuilding by developing a new integrated platform that incorporates early and detailed ship design solutions, data management, and collaboration software.
The platform solution aims to slash the time needed for ship engineering by 30% and cut assembly times by an ambitious 20%. It will be built with the best EU shipbuilding expertise provided by the academic and industrial consortium participants and evaluated at two leading European shipyards.
The platform solution will develop novel practices for human-centric knowledge management, data-driven AI design elements, intelligent technology, and an Industry 5.0 concept for shipbuilding. It will also support the growth of a European workforce that is highly skilled in the deployment and use of advanced computational tools in shipbuilding, particularly with respect to the integration of new technologies.
SEUS is part of Horizon Europe, the EU’s flagship research and innovation program with a budget of €95,5 billion. SEUS is funded to the tune of approximately €7 million, of which Cadmatic will receive €1,6 million. Cadmatic is responsible for leading the technical coordination of the four-year-long SEUS project.
The SEUS consortium consists of 8 organizations from 5 countries. The members include highly innovative partners such as well-established shipbuilding solution provider Cadmatic (Finland), PLM data management solution developer Contact Software (Germany), SARC BV (The Netherlands), two shipyards with different profiles in Ulstein Group (Norway) and Astilleros Gondan SA (Spain), and outstanding research institutes: the Norwegian University of Science and Technology (Norway), Turku University (Finland), and NHL Stenden University of Applied Sciences (The Netherlands).
“We are proud to be leading the technical coordination and working alongside the other consortium partners on this ambitious project. It is very exciting to use our shipbuilding expertise to incorporate CAE/CAD/CAM and PLM elements in a single innovative and groundbreaking platform that will take shipbuilding efficiency to the next level,” says Ludmila Seppälä, Business Development Director at Cadmatic.
About Cadmatic
Cadmatic is a leading developer of digital and intelligent 3D design and information management software solutions for the marine, power, process, and construction industries. It empowers engineers to build a brighter future and a better world by making the design, engineering, construction and operation of ships, industrial plants and buildings better, faster and easier. Cadmatic has over 6000 customer organizations in 60 countries.
For more information, please contact Ludmila Seppälä, ludmila.seppälä@cadmatic.com, or tel.+358 50 4329 726
BELOIT, Wis.--(BUSINESS WIRE)--#FMD--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), is advancing naval defense capabilities by deploying FM OnBoard technology for use on Navy ships. A recently approved Naval Sea Systems Command contract authorizes validation of FM OnBoard’s mission readiness by implementing its anomaly detection system for the Fairbanks Morse Defense engine. The system will run in concurrence with endurance testing of the engine EFI retrofit.
“Through our commitment to equipping the U.S. fleet with the latest in technological innovation and strategic solutions, like our FM OnBoard remote collaboration and asset monitoring tool, Fairbanks Morse Defense is revolutionizing technology solutions for maritime defenses,” said FMD CEO George Whittier. “Technicians can instantly leverage remote expertise from anywhere in the world, which reduces costs and ensures that crews are always mission ready.”
FM OnBoard offers hands-free, intuitive tools and technical instructions in an augmented workforce environment to increase operational availability, improve first-time fix rates and reduce the time to repair, leveraging the capabilities of highly experienced personnel for training and technical support across the globe. The technology’s remote video collaboration allows onsite users to engage directly with a live, offsite FMD service advisor using party-to-party video conferencing viewed through mixed reality headsets. Through the use of a digital twin that emulates the current state of an asset in real time, technicians can interact and monitor local assets and detect anomalies.
FM OnBoard is among a growing number of solutions in FMD’s Technology Center of Excellence, which consolidates all of FMD’s emerging technologies into one platform, including Artificial Intelligence (AI), Digital Defenses, SMART Engineering Solutions, and Uncrewed Mission Management. FMD has spent the last two years acquiring companies and expanding its capabilities to provide products and services for the entire ship.
Click here for FM OnBoard images.
About Fairbanks Morse Defense (FMD)
Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For more than 100 years, FMD has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management.
To learn more, visit www.FairbanksMorseDefense.com.
Fairbanks Morse Media Contact:
Mercom Communications
Michelle Hargis
Tel: 512-215-4452
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EH Group has recently established an important foothold in India, with its wholly owned subsidiary EH Group Systems Pvt Ltd. Based at the prestigious IIT Madras Research Park, our new Innovation Lab will serve to further develop our fuel cell technologies and support our growing customer base in India. It coincides with our first fuel cell deployment in the country and India’s recent policy commitment to green hydrogen.
NYON, Switzerland--(BUSINESS WIRE)--#cleantech--EH Group is expanding its footprint by establishing an Innovation Lab in India, based at the IITM Research Park. Recently established EH Group Systems Pvt Ltd, is aimed at accelerating the development of our fuel cell products, primarily focusing on our proprietary control systems software.
It is led by Anand Vasappanavara, Principal Control/Automation engineer, who was instrumental in designing FC system control development programs at major OEMs before joining EH Group in 2019. He is supported by a pre-established team that have already been collaborating with us, as well as several additional hires, notably from the strong academic talent pool at IIT Madras. We expect our team to grow rapidly to meet the nascent market opportunity.
“India is demonstrating its ambition to be a leader in hydrogen technologies, as witnessed by strong policy support and industrial investment announcements. Our goal is not only to support our fuel cell technology development but to better service our clients in the rapidly growing hydrogen sector in India” says Mardit Matian, founder of EH Group.
“The time has never been better to invest in the hydrogen ecosystem in India. We are excited to benefit from its deep talent pool and to accelerate India’s journey towards decarbonisation and greater energy independence. ”, added Christopher Brandon, co-founder.
EH Group – Headquartered in Nyon, Switzerland since 2017. It is focused on the design and production of its innovative fuel cell technology, to decarbonise heavy duty mobility and large scale stationary applications. It offers high power density fuel cell stacks with greater efficiencies and a unique production process that radically reduces costs with scale.
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www.ehgroup.ch
Company Engages Greenhill to Explore Strategic Alternatives
ATLANTA--(BUSINESS WIRE)--Williams Industrial Services Group Inc. (NYSE American: WLMS) (“Williams” or the “Company”), an infrastructure and maintenance services company, today released certain preliminary financial results for its full year ended December 31, 2022. The following performance metrics have not yet been audited:
“Based on our preliminary results, Williams ended the year underperforming our most recent guidance parameters,” said Tracy Pagliara, President and CEO of Williams. “This was largely because an additional $6 million write-down in the fourth quarter was deemed necessary for our two largest remaining Florida water contracts, which we have discussed in the past. These two projects are scheduled to be completed in the second and third quarter of 2023, respectively. The Company is no longer pursuing large fixed price water projects.
“Notwithstanding these discrete and temporary execution issues, there continues to be substantial funding strength and sizable budgets across our end markets. Nuclear power is at an inflection point, bolstered by the global push for decarbonization and governments’ focus on energy security and independence. This is exemplified in the US through the Infrastructure Act’s $6 billion of expenditures for extending the lives of nuclear plants and the Inflation Reduction Act’s estimated potential $30 billion of production tax credits for existing nuclear facilities – making this energy source cost competitive relative to renewables. The Company’s other major end markets, including power and T&D, are also well funded under the Infrastructure Act, with approximately $30 billion allocated to strengthening the electrical grid.
“Even as our backlog was largely stable during the quarter – boosted by a recent nuclear maintenance contract award – we have engaged Greenhill & Co., LLC, an investment banking firm, to explore a range of strategic alternatives for the Company to maximize shareholder value, which could include a potential sale. After facing numerous headwinds last year, we remain dedicated to pursuing the course of action which results in the highest returns going forward.”
The Company has not set a timetable for the conclusion of this review, nor has it made any decisions related to any further actions or possible strategic alternatives at this time. There can be no assurance that the exploration of strategic alternatives will result in the identification or consummation of any transaction, or that any strategic alternative identified, evaluated and consummated will provide the anticipated benefits or otherwise preserve or enhance stockholder value. The Company does not intend to comment further on its review of strategic alternatives until it determines that further disclosure is appropriate or necessary.
Final audited results are expected to be released on or about March 31, 2023. Separately, Williams disclosed that it has amended its existing senior secured credit facilities to provide covenant and liquidity relief and has secured additional subordinated debt funding which, together with the relief obtained under its senior secured credit facilities, is intended to permit the Company to operate while it engages in its process to explore strategic alternatives. Additional information can be found in the Company’s filings with the SEC.
*See the Company’s prior filings for important disclosures regarding Williams’ use of Adjusted EBITDA, as well as a reconciliation of income (loss) from continuing operations to Adjusted EBITDA.
About Williams Industrial Services Group
Williams Industrial Services Group Inc. has been safely helping plant owners and operators enhance asset value for more than 50 years. The Company provides a broad range of building, maintenance and support services to infrastructure customers in the energy, power and industrial end markets. Williams’ mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to its customers. Additional information can be found at www.wisgrp.com.
Forward-looking Statement Disclaimer
This press release contains "forward-looking statements" within the meaning of the term set forth in the Private Securities Litigation Reform Act of 1995. The forward-looking statements include statements or expectations regarding the Company’s preliminary full-year results, the outcome of the Company’s review of strategic alternatives, including a potential sale, ability to generate positive returns, to contain margin reductions within the Florida business, build and diversify its backlog and convert backlog to revenue, and realize opportunities, future demand for the Company’s services, including the potential impact of energy security and independence initiatives, the Infrastructure Act and the Inflation Reduction Act on the Company’s end-markets, the Company’s funding levels and ability to continue operations, and expectations regarding future revenues, cash flow, and other related matters. These statements reflect the Company’s current views of future events and financial performance and are subject to a number of risks and uncertainties, including implementation of the Company’s liquidity plan and its ability to continue as a going concern, the Company’s level of indebtedness and ability to make payments on, and satisfy the financial and other covenants contained in, its amended debt facilities, as well as its ability to engage in certain transactions and activities due to limitations and covenants contained in such facilities; its ability to generate sufficient cash resources to continue funding operations, including investments in working capital required to support growth-related commitments that it makes to customers, and the possibility that it may be unable to obtain any additional funding as needed or incur losses from operations in the future; exposure to market risks from changes in interest rates; the Company’s ability to obtain adequate surety bonding and letters of credit; the Company’s ability to maintain effective internal control over financial reporting and disclosure controls and procedures; the Company’s ability to attract and retain qualified personnel, skilled workers, and key officers; failure to successfully implement or realize its business strategies, plans and objectives of management, and liquidity, operating and growth initiatives and opportunities, including any expansion into new markets and its ability to identify potential candidates for, and consummate, acquisition, disposition, or investment transactions (including any that may result from the Company’s review of strategic alternatives); the loss of one or more of its significant customers; its competitive position; market outlook and trends in the Company’s industry, including the possibility of reduced investment in, or increased regulation of, nuclear power plants, declines in public infrastructure construction, and reductions in government funding; costs exceeding estimates the Company uses to set fixed-price contracts; harm to the Company’s reputation or profitability due to, among other things, internal operational issues, poor subcontractor performance or subcontractor insolvency; potential insolvency or financial distress of third parties, including customers and suppliers; the Company’s contract backlog and related amounts to be recognized as revenue; its ability to maintain its safety record, the risks of potential liability and adequacy of insurance; adverse changes in the Company’s relationships with suppliers, vendors, and subcontractors, including increases in cost, disruption of supply or shortage of labor, freight, equipment or supplies, including as a result of the COVID-19 pandemic; compliance with environmental, health, safety and other related laws and regulations, including those related to climate change; limitations or modifications to indemnification regulations of the U.S.; the Company’s expected financial condition, future cash flows, results of operations and future capital and other expenditures; the impact of unstable market and economic conditions on our business, financial condition and stock price, including inflationary cost pressures, supply chain disruptions and constraints, labor shortages, the effects of the Ukraine-Russia conflict and ongoing impact of COVID-19, and a possible recession; our ability to meet expectations about our business, key metrics and future operating results; the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, and cash flows, including global supply chain disruptions and the potential for additional COVID-19 cases to occur at the Company’s active or future job sites, which potentially could impact cost and labor availability; information technology vulnerabilities and cyberattacks on the Company’s networks; the Company’s failure to comply with applicable laws and regulations, including, but not limited to, those relating to privacy and anti-bribery; the Company’s ability to successfully implement its new enterprise resource planning (ERP) system; the Company’s participation in multiemployer pension plans; the impact of any disruptions resulting from the expiration of collective bargaining agreements; the impact of natural disasters, which may worsen or increase due to the effects of climate change, and other severe catastrophic events (such as the ongoing COVID-19 pandemic); the impact of corporate citizenship and environmental, social and governance matters; the impact of changes in tax regulations and laws, including future income tax payments and utilization of net operating loss and foreign tax credit carryforwards; volatility of the market price for the Company’s common stock; the Company’s ability to maintain its stock exchange listing; the effects of anti-takeover provisions in the Company’s organizational documents and Delaware law; the impact of future offerings or sales of the Company’s common stock on the market price of such stock; expected outcomes of legal or regulatory proceedings and their anticipated effects on the Company’s results of operations; and any other statements regarding future growth, future cash needs, future operations, business plans and future financial results.
Other important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including the "Risk Factors" section of the Annual Report on Form 10-K for its 2021 fiscal year and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022. Any forward-looking statement speaks only as of the date of this press release. Except as may be required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, and you are cautioned not to rely upon them unduly.
The preliminary selected financial results for the year ended December 31, 2022 in this press release are preliminary, are not a comprehensive statement of financial results for the fiscal year, and are provided prior to completion of all internal and external review and audit procedures and, therefore, are subject to adjustment. Actual results may vary from these estimates, and the variations may be material. Among the factors that could cause or contribute to material differences between the Company’s actual results and expectations indicated by the forward-looking statements are risks and uncertainties that include, but are not limited to, changes to the Company’s financial results for the year ended December 31, 2022 due to the completion of financial closing procedures, final adjustments and other developments that may arise between now and the time that the Company’s financial statements for the fiscal year are finalized and publicly released and other risks and uncertainties described above and in the Company’s filings with the U.S. Securities and Exchange Commission.
Investor Contact:
Chris Witty
Darrow Associates
646-345-0998
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Michael Farb joins as CEO to support growth in $60B recreational boating and outdoor leisure industry
MIAMI--(BUSINESS WIRE)--#boaters--Boatsetter, the leading marketplace for on-water experiences and boat rentals, today announced it has expanded its leadership team with the addition of Michael Farb as CEO. Farb succeeds Jaclyn Baumgarten, who co-founded Boatsetter and has served as CEO since the company’s inception in 2014. She will assume a Founder role moving forward. It was Baumgarten’s vision that led to the creation of an entirely new category within the sharing economy as well as a path to entrepreneurship for thousands of boat owners in the process. In addition, under her leadership, Boatsetter has grown to now offer more than 50,000 boat listings available in over 700 locations worldwide.
Despite global economic uncertainty, Boatsetter sustained over 200% growth in booking value since the pandemic (2020) through 2022. Having recently raised $38M in Series B funding, Boatsetter is poised for significant growth in 2023 and beyond. Farb has the experience and track record to lead that expansion. Most recently, he led Neon One to become the leading global marketplace platform for nonprofits organizations to connect with donors and raise over $16B to increase their impact in the world.
“Michael has an incredible track record of scaling multi-sided marketplaces and building software-based companies. He is laser-focused on growth and developing teams and we are fortunate to have him on board,” said Baumgarten. “I am confident that with the current Boatsetter team and Michael’s leadership, we are set to take this company to the heights we have all always imagined for Boatsetter.”
“As a lifelong boat lover and entrepreneur, I am excited to bring all of my skills, experiences and passions to help lead Boatsetter’s next chapter,” said Farb. “The company is well situated with strong management at every level of the business and is ideally positioned for sustained growth in 2023 and beyond.”
While Boatsetter has filled a much-needed void for consumers who may not have had access to the water before, it has also created paths to entrepreneurship for many boat owners who see the best in class return on investment they can achieve from renting their vessels via Boatsetter, as well as the peace of mind provided by Boatsetter’s turnkey service, which manages every aspect from matching them with qualified renters to putting the insurance in place to collecting payment. Renters can download the Boatsetter app or visit the website to book a boat in less than five minutes and be out on the water the next day.
About Boatsetter:
With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on-water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.
Mollie Leal, Double Forte, This email address is being protected from spambots. You need JavaScript enabled to view it.
Coalition Launched with Vision to Implement Plans to Further Enhance Methane Monitoring throughout the Appalachian Basin and Accelerate Opportunities to Reduce Emissions, Underscoring the World-Leading Environmental Attributes of Appalachian Natural Gas
PITTSBURGH--(BUSINESS WIRE)--A group of leading U.S. natural gas operators today launched the Appalachian Methane Initiative (AMI), a coalition committed to further enhancing methane monitoring throughout the Appalachia Basin and facilitating additional methane emissions reductions in the region. Enhancing methane emissions monitoring in the natural gas sector will assist in positioning companies for continued GHG reductions and will further underscore the sustainability proposition of Appalachian natural gas in the global energy system.
The formation of AMI, whose founding members include Chesapeake Energy Corporation, EQT Corporation, and Equitrans Midstream Corporation, brings together two of the top five natural gas producers in the United States and one of the country’s leading midstream service providers.
AMI’s efforts are intended to promote greater efficiency in the identification and remedy of potential fugitive methane emissions from operations in the Appalachian Basin through coordinated satellite and aerial surveys on a geographic-basis, as opposed to an operator-specific basis, and taking into account advanced methane monitoring and reporting frameworks.
The coalition will seek to coordinate and share best practices in mitigating methane emissions from natural gas operations, including production and midstream, and collaborate on activities and monitor results through transparent, publicly available reporting.
“As an industry, we have an important role to play in both meeting global energy needs and reducing climate change risks,” said Chesapeake's President and Chief Executive Officer Nick Dell’Osso. “The AMI coalition offers an opportunity to better measure and understand our emissions profiles as we work to reduce the environmental impact of natural gas production and answer the call for affordable, reliable and lower carbon energy.”
“Appalachia is home to the United States’ richest natural gas basins, which also boast some of the lowest methane emissions intensities in the world. This is an achievement that we have earned through years of environmental commitment, and AMI further builds on this commitment,” said Toby Z. Rice, President and Chief Executive Officer of EQT Corporation. “Applying a basin-wide, sector-agnostic approach to methane monitoring will not only allow accountability for methane emissions from all emitters; we believe it will eliminate any doubt – whether from policy-makers, customers, or the general public – that Appalachian natural gas is the cleanest form of traditional energy in the world. At a time when international coal and associated GHG and methane have reached all-time highs, it is imperative that we recognize Appalachian natural gas for what it is, namely a means of meaningfully reducing global emissions.”
“Sustainability performance is about knowing we, as an industry, are collectively doing the right thing for future generations – serving Americans’ current and increasing needs for reliable, clean-burning energy and supporting our national security and energy independence,” said Diana M. Charletta, Equitrans president and chief operating officer. “As a founding member of AMI, we are excited by the potential to further enhance methane monitoring and measurement across the Appalachian Basin, with the goal of promoting additional emission reductions. Natural gas is and will continue to be an integral component of the global energy portfolio, and we must continue to responsibly develop, produce, and transport our domestic resources to effectively and efficiently transition to a lower carbon future.”
AMI is focused on developing and implementing a pilot monitoring program in 2023 to cover select areas of interest within the major operating footprints of the Appalachian Basin, with the goal of working to develop and implement a full-Basin monitoring plan in 2024.
About Chesapeake Energy Corporation
Headquartered in Oklahoma City, Chesapeake Energy Corporation is powered by dedicated and innovative employees who are focused on discovering and responsibly developing our leading positions in top U.S. oil and gas plays. With a goal to achieve net zero direct GHG emissions (Scope 1 and 2) by 2035, Chesapeake is committed to safely answering the call for affordable, reliable, lower carbon energy.
About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. Learn more at eqt.com.
About Equitrans Midstream Corporation
Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located assets in the Marcellus and Utica regions, ETRN has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 with the vision to be the premier midstream services provider in North America. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.
For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit ETRN Sustainability Reporting.
Cautionary Statements
This news release contains certain forward-looking statements. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release include expectations regarding the Appalachian Methane Initiative (AMI), including the potential initiatives thereof and timing and impacts of such initiatives. AMI has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently known by AMI. While AMI considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks and uncertainties, many of which are difficult to predict and beyond AMI’s control.
Any forward-looking statement speaks only as of the date on which such statement is made, and except as required by law, AMI does not intend to correct or update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Media Contacts
Chesapeake Energy Corporation
Brooke Coe
Manager - Communications
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405-935-8878
EQT Corporation
Bridget McNie
Director of Communications
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412-720-4500
Equitrans Midstream Corporation
Natalie Cox
Vice President, Communications and Corporate Affairs
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TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today released its inaugural Sustainability Report outlining the Company’s progress on environmental, social, and governance (“ESG”) matters in 2022 and commitments to sustainable, low-carbon production of battery grade materials at its refinery complex north of Toronto.
“2022 was marked by considerable progress on a number of ESG fronts,” said Trent Mell, Electra’s CEO. “Most notably, we launched our ESG policies and framework, appointed Renata Cardoso, an experienced sustainability expert, as VP of Sustainability and Low Carbon, became members of the Responsible Minerals Initiative, and signed a benefits agreement with the Métis Nation of Ontario. Our commitment to annual sustainability reporting will hold Electra accountable for transparent disclosure of the Company’s contribution to sustainable development.
“We will build on these milestones as we complete the commissioning of our cobalt sulfate refinery and our black mass recycling trial program over the coming months and begin commercial production in 2023. Key to our success will be to leverage our low-carbon hydrometallurgical production facilities and establish Electra as an ESG leader within the electric vehicle battery supply chain in North America.”
Highlights of Electra’s ESG Progress in 2022
“Making use of leading ESG frameworks, such as the Global Reporting Initiative and the Sustainability Accounting Standards Board, Electra has built a solid ESG foundation to drive our focus, operations, and performance for years to come,” said Renata Cardoso, Electra’s VP of Sustainability and Low Carbon. “Our results to date positions us at the forefront of ESG practices within the EV battery industry.”
Electra’s inaugural Sustainability Report can be found on the Company’s website, https://electrabmc.com/esg.
About Electra Battery Materials
Electra is a processor of low-carbon, ethically-sourced battery materials. Currently commissioning North America’s only cobalt sulfate refinery, Electra is executing a multipronged strategy focused on onshoring the electric vehicle supply chain. Keys to its strategy are integrating black mass recycling and nickel sulfate production at Electra’s refinery located north of Toronto, advancing Iron Creek, its cobalt-copper exploration-stage project in the Idaho Cobalt Belt, and expanding cobalt sulfate processing into Bécancour, Quebec. For more information visit www.ElectraBMC.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects', “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR at www.sedar.com. Although Electra Battery Materials Corporation believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Electra Battery Materials Corporation disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Joe Racanelli
Vice President, Investor Relations
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1.416.900.3891
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, will be participating in Renmark Financial Communications Inc.'s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Thursday, January 12 at 1:00 p.m. CT.
The virtual presentation is marketed to Dallas and surrounding areas and will feature Darren Jamison, President and Chief Executive Officer and Scott Robinson, Chief Financial Officer. Capstone welcomes all stakeholders, investors, and other interested individuals to register and attend this live event.
The investor presentation will be followed by a live Q&A. Investors interested in participating in this event will need to register using the links below. As a reminder, registration for the live event may be limited, and access to the replay after the event will be on the Investor Relations section of the Company's website.
Thursday, January 12 at 1:00 p.m. CT
Register Here
To ensure smooth connectivity, please access this link using the latest version of Google Chrome.
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.
About Renmark Financial Communications Inc.
Founded in 1999, Renmark Financial Communications Inc. is North America's leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly traded clientele to maximize their visibility within the financial community and strengthen their investor audience.
Renmark Financial Communications Inc.
Scott Logan: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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NEW YORK & SYDNEY & LONDON--(BUSINESS WIRE)--Xpansiv, the premier infrastructure provider for environmental markets, today announced the completion of its acquisition of Evolution Markets Inc., a leading provider of transaction and advisory services in global carbon, renewable energy, and energy transition markets. The combination of the two companies will expand Xpansiv’s service offerings and product development capabilities to help empower the energy transition. The acquisition will also enhance Evolution Markets’ client services through its integration with Xpansiv’s technology infrastructure, market, and data platforms.
“Evolution Markets and Xpansiv are two market leaders who share a common vision of paving the way forward to a successful energy transition using the power of global markets,” said Evan Ard, CEO, Evolution Markets. “As our clients manage risk in global energy and environmental markets, we are eager to leverage the capabilities of both organizations to improve overall client outcomes.”
In addition, Xpansiv announced the closing of a $125 million capital raise designed to fuel continued growth in Xpansiv service offerings and the firm’s technology platforms. The raise was linked to the recent $400 million capital raise led by Blackstone Energy Partners which closed in August 2022. New strategic investors Bank of America and Goldman Sachs participated in the raise.
“Sustainability is part of discussions in boardrooms and with investors. Robust technology, reliable data, and accessible spot markets are crucial to promote liquidity and scale growth in voluntary carbon trading and environmental commodities. Bank of America supports innovation in these evolving markets,” said Jim DeMare, President of Global Markets at Bank of America.
“The development of a robust and transparent infrastructure for environmental markets plays a key part in driving energy transition and broader decarbonization,” said Patrick Street, head of Goldman Sachs’ Global Markets Net Zero Solutions. “We support Xpansiv’s effort to develop market infrastructure and trade advisory services to deliver seamless environmental solutions to companies globally.”
“Evolution Markets brings a world-class team of professionals with the same level of focus and dedication to enabling the energy transition and delivering client successes that we strive for every day. We are excited to work with them and our clients to build the future of environmental markets,” said John Melby, CEO, Xpansiv. “Our disciplined acquisition strategy is made possible through the backing of top-tier strategic investors, who share our belief in the environmental markets' important role addressing the climate crisis.”
Evolution Markets global client base of more than 2,000 customers, including many of the world’s largest energy firms, companies, utilities, and financial institutions, will have access to integrated market services including market intermediary services, net zero advisory, structured and managed transactions, trading platform access, and portfolio management. Evolution Markets operates as a wholly owned subsidiary of Xpansiv.
All regulatory approvals were secured prior to the transaction close. The Evolution Markets acquisition follows the acquisition of APX, the leading provider of registry infrastructure in the environmental, energy, and power markets in August 2022.
Venable LLP acted as legal advisor to Xpansiv on the acquisition. Evolution Markets was advised in the transaction by JMP Securities, a Citizens Company, which acted as the sole financial advisor, and Stroock & Stroock & Lavan LLP which served as legal advisor.
Perella Weinberg Partners LP served as financial advisor, and Morrison & Foerster LLP and Clifford Chance LLP served as legal counsel to Xpansiv on the capital raise.
Note to Editors: In addition to Blackstone Energy Partners, existing Xpansiv investors include BP Ventures, S&P Global Ventures, Aware Super, Atlas Merchant Capital, Vitruvian Partners, and other leading global investors.
# # #
About Xpansiv
Xpansiv provides the market infrastructure to rapidly scale the world’s energy transition. The company’s main business units include CBL, the largest spot exchange for environmental commodities, including carbon credits and renewable energy certificates; SRECTrade, one of the largest transaction and management firms in the solar renewable energy market, APX, the leading provider of registry infrastructure for energy, power, and environmental markets, and H2OX, a leading spot exchange for Australian water allocations. Xpansiv also provides end-of-day and historical market data and operates the leading multi-registry portfolio management system for environmental commodities. Xpansiv.com
About Evolution Markets
Evolution Markets Inc. provides strategic financial and industry-leading transactional and advisory services to participants in global environmental and energy markets. Formed in 2000, the company has become the green markets leader, leveraging its unrivaled experience and knowledge on behalf of participants in the global carbon, emissions, renewable energy, and over the counter (OTC) power, natural gas, oil, nuclear fuel, and biofuels markets. Additional market services include net zero advisory, structured transactions, and data and analytics. Based in White Plains, NY, Evolution Markets serves clients on six continents from offices in New York, Houston, London, and Nice. www.evomarkets.com
Peter Burton, Xpansiv
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Charlie Morrow and Taylor Fenske, Cognito Media
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Jessica Roemer, Evolution Markets
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HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release fourth quarter 2022 earnings results on Wednesday, January 18, 2023 after market close and will hold a live webcast and conference call.
What: Kinder Morgan Fourth Quarter ‘22 Earnings Results Webcast
When: January 18, 2023, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-312-470-7383 and entering the passcode 8306241.
If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on February 18, 2023. To access the replay, please dial 1-203-369-3044 and enter passcode 94028.
About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 140 terminals, 700 billion cubic feet of working natural gas storage capacity and have renewable natural gas generation capacity of approximately 2.2 Bcf per year of gross production with up to an additional 5.2 Bcf in development. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.
Media Relations
Dave Conover
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Investor Relations
(713) 369-9490
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www.kindermorgan.com
DUBLIN--(BUSINESS WIRE)--The "Smart Port Market Share, Size, Trends, Industry Analysis Report, By Technology; By Port Type; By Throughput Capacity; By Element; By Region; Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global smart port market size is expected to reach USD 11.15 billion by 2030, according to a new study. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing technology advancement and the eventual results of ease of technology adoption are driving the adoption of smart technologies in all forms of ports. National and international trade via marine transportation has risen significantly in recent years. International trade relies heavily on maritime transport.
Ocean shipment is the primary mode of global trade. According to UNCTAD, approximately 80% of the capacity of international trade in goods is managed to carry by sea, with the percentage being even greater in most developing countries.
This mode of transportation is less expensive and more practical for international trade than a street, rail, and air transport. Maritime transportation trade increased by 4.1% in the fiscal year 2021, according to UNCTAD, and is predicted to grow at a modest annual rate of much more than 2.4% from 2022 to 2026.
The international shipping fleet expanded by 3.0% in 2021, following similar trends. The enhanced global trade activity has increased the strain on shipyards and decks. The increased activities have compelled harbor authorities to adopt smart solutions and techniques for automating various harbor operations.
The market is expected to grow due to a growing emphasis on reducing operational expenses. With exhibited enhanced size, port traffic, and cargo amounts, global trade is expanding at a rapid pace. This has enhanced the workload on dockyards and ports. According to the United Nations Comtrade (UN Comtrade), the United States reported annual trade of over USD 949 billion in 2018, the highest in the world.
Such increased trade necessitates operational efficiency and a standardized workflow. To improve the operational efficiency of regular port activities, smart ports implement novel and cutting-edge technologies such as AI and IoT. It lowers logistics costs while also increasing efficiency. As a consequence, the market is expected to grow during the projected timeline.
Additionally, large market players are entering contracts with government agencies to establish advanced AI-based alternatives for dockyards and port construction infrastructure. In June 2022, the Port of Rotterdam in Germany and the Port of Baie Comeau in Canada also agreed to cooperate in investigating the Port of Baie-future Comeau's expansion and development.
The ports have committed to carrying out a Master Plan Study, which will include cargo flow analyses as well as technological port infrastructure evaluations. Such technological products and collaborative partnerships between organizations and government bodies are expected to drive the market throughout the forecast period.
Smart Port Market Report Highlights
Companies Mentioned
The publisher has segmented the smart port market report based on technology, element, throughput capacity, port type, and region:
Smart Port, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Smart Port, Throughput Capacity Outlook (Revenue - USD Billion, 2018 - 2030)
Smart Port, Port Type Outlook (Revenue - USD Billion, 2018 - 2030)
Smart Port, Element Outlook (Revenue - USD Billion, 2018 - 2030)
Smart Port, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
For more information about this report visit https://www.researchandmarkets.com/r/lte8w3
ResearchAndMarkets.com
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Former Commissioner and Chairman of the Federal Energy Regulatory Commission (FERC) Brings Extensive Knowledge and Experience Across the Energy Landscape
NEW YORK--(BUSINESS WIRE)--Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, today announced the appointment of the former commissioner and chairman of the Federal Energy Regulatory Commission (FERC), Neil Chatterjee, to the company’s Board of Directors.
“We are thrilled to welcome Neil to the Board during this moment of transformation and innovation across our industry,” said Convergent CEO Johannes Rittershausen. “Neil brings a unique perspective on the shifting regulatory landscape and diverse experience working with a wide variety of stakeholders. I am confident that he will provide valuable insights into our business and be a strong advocate for Convergent as we continue to deliver cutting-edge energy storage solutions that increase reliability and support the clean energy transition.”
Mr. Chatterjee currently works as the Senior Advisor to the energy regulatory practice of global law firm Hogan Lovells in Washington, D.C. Previously he served as FERC chairman from August 2017 to December 2017, and again from October 2018 to November 2020. Throughout these terms, he advanced a groundbreaking bipartisan Commission policy statement encouraging power grid operators to incorporate state carbon pricing policies into their markets. He also advocated for landmark energy market reforms to remove barriers to energy storage resources. Prior to his appointment as FERC chairman, Mr. Chatterjee advised The Office of the Senate Majority Leader where he aided in the passage of major energy, highway, and agricultural legislation. He also has experience working as a principal in government relations for the National Rural Electric Cooperative Association.
“I have spent my career advocating for new energy infrastructure that meets the moment, and I am honored to join the Convergent Board and have the opportunity to continue playing a role in America’s clean energy transition,” said Mr. Chatterjee. “We are at an important point in the clean energy transition, and it is vital that we continue working to build an energy landscape that is less expensive, more reliable and increasingly sustainable. I look forward to working with the Convergent team as they continue to blaze trails in the energy storage sector and develop revolutionary energy storage and solar-plus-storage systems that bring us closer to a clean energy future.”
Convergent is a portfolio company of Energy Capital Partners (ECP), a leading energy transition-focused investor.
About Convergent Energy and Power
Convergent Energy and Power (Convergent) is a leading provider of energy storage solutions in North America. Convergent has over a decade of experience financing and managing all aspects of the energy storage development cycle to help customers reduce electricity costs and increase reliability. The company’s commercial, industrial, and utility-scale assets can yield seven-figure savings while advancing the clean energy transition. Convergent’s proprietary asset management platform, PEAK IQ® leverages machine learning and deep market knowledge to optimize asset performance and maximize value. Convergent has over $500M invested in or committed to projects in operation or under development across North America. For more information, visit convergentep.com or follow us on LinkedIn or Twitter.
About Energy Capital Partners (ECP)
ECP, founded in 2005, is a leading investor across energy transition, electrification and decarbonization infrastructure assets, including power generation, renewables and storage solutions, environmental infrastructure and efficiency & reliability assets facilitating the energy transition. The ECP team, comprised of 68 people with 550 years of collective industry experience, deep expertise and extensive relationships, has consummated more than 60 transactions over the last 10 years, representing more than $45 billion of enterprise value. For more information, visit www.ecpgp.com.
Convergent Press Contact
Kate Siskel
SVP, Marketing and Communications
Convergent Energy and Power
ksiskel [at] convergentep.com
917-508-0274
DUBLIN--(BUSINESS WIRE)--The "Diesel Exhaust Fluid Aftermarket: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Diesel Exhaust Fluid Aftermarket estimated at US$38.4 Billion in the year 2020, is projected to reach a revised size of US$59.6 Billion by 2027, growing at a CAGR of 6.5% over the analysis period 2020-2027.
Bulk, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$28.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Intermediate Bulk Containers (IBC) segment is readjusted to a revised 6.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $11.3 Billion, While China is Forecast to Grow at 6% CAGR
The Diesel Exhaust Fluid Aftermarket market in the U.S. is estimated at US$11.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$10.4 Billion by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Cans Segment to Record 5.3% CAGR
In the global Cans segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.8 Billion in the year 2020 will reach a projected size of US$8.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
Select Competitors (Total 48 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/jr2bon
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Biogas Upgrading: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.
Biogas is generated through a microbial fermentation process known as anaerobic digestion (AD), by which various waste streams can be cost-effectively converted into sources of electricity and thermal energy. At the heart of the technology is the anaerobic digester, which in combination with a turbine or gas engine, can serve as a complete power plant. Solid waste landfills also generate a recoverable biological gas through natural AD. Large quantities of gaseous fuel methane can be produced by the process; a valuable by-product in the form of fertilizer is also generated.
While considerable buzz and media attention has focused on a future "hydrogen economy" anticipated to replace the present one based on fossil fuel energy, a genuine biogas economy has been quietly emerging in Europe and Asia. Increasingly, the process is making inroads into the U.S. and other countries as a sustainable energy alternative.
Biogas is defined as a multilateral source of renewable energy that has the ability to replace conventional fuels in the generation of power and heat. It can also be utilized as a gaseous fuel for vehicles. Upgraded biogas or biomethane is an ideal alternative to natural gas.
Owing to soaring global demand for carbon neutrality and renewable energy, a significant rise in demand for biomethane has been observed. Biomethane is also referred to as renewable natural gas or RNG. Favorable policies focused on divesting from imported natural gas, alternative fuel standards, diversion of food waste from landfills, as well as tax credits have played a key role in bolstering demand for biomethane.
Legislation and the desire to cut greenhouse gas emissions (GHGs) are the most important drivers for biogas plant construction. Kyoto Protocol requirements and specifications of the EU Renewable Energy Directive (RED) are two examples of this type of legislation. Energy security, the desire to draw on domestic fuel resources, and elimination of the expense and price volatility of imported fossil fuel also encourage interest in biogas. Worldwide, most countries have targets for renewable energy production, GHG mitigation or laws related to minimizing harmful landfill emissions.
Large-scale AD waste treatment can help reduce GHGs in a number of ways: by directly replacing fossil fuels, minimizing energy use at waste treatment plants, lowering methane emissions from landfill sites, lessening transportation costs related to waste hauling, reducing electrical grid losses and replacing chemical fertilizers with organic products. Unlike liquid biofuels, biogas, for the most part, eliminates the food vs. fuel debate by using waste materials instead of energy crops.
With varying levels of clean-up, also called upgrading, biogas can be used in the same end uses as natural gas, namely, heat and power production, insertion into the pipeline and as vehicle fuel. With improved technologies and market support, biogas might also find application in ships or planes.
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Technology Overview
3.1 Background
3.2 Benefits of Biogas Energy
3.3 Advantages of Biogas Compared to Other Forms of Renewable Energy
3.4 Barriers to Large-Scale Biogas Plant Deployment
3.5 Benefits of Small-Scale Biogas Installations
3.6 Barriers to Small-Scale Biogas Installations
3.7 Global Biogas Production Potential
3.8 Factors Influencing the Biogas Industry
3.8.1 Policy
3.8.2 Incentives
3.9 History of Biogas
3.10 Biogas Value Chain
3.10.1 Anaerobic Digestion
3.10.2 Biogas
3.10.3 Digestate
Chapter 4 Market Dynamics
Chapter 5 Biogas Upgrading Technologies
5.1 Introduction
5.2 Applications
5.2.1 Hydrogen Sulfide (H2S)
5.2.2 Water Vapor
5.2.3 Ammonia
5.2.4 Particles
5.2.5 Siloxanes
5.2.6 Halogenated Hydrocarbons
5.2.7 Oxygen
5.2.8 Nitrogen
5.2.9 Carbon Dioxide
5.3 Biogas Upgrading Technologies
5.3.1 Pressure Swing Adsorption (Psa)
5.3.2 Water Scrubbing
5.3.3 Physical Absorption-Chemical Scrubbing With Polyethylene Glycol
5.3.4 Chemical Absorption-Chemical Scrubbing With Organic (Amine) Solvents
5.3.5 Membrane Technology
5.3.6 Cryogenic Upgrading
5.3.7 Environmental Effects of Gas Cleanup Technologies
5.3.8 Emerging Upgrading Technologies
5.4 Global Market for Biogas Upgrading Equipment by Technology
5.4.1 Pressure Swing Absorption (Psa) Technology
5.4.2 Water Scrubbing Technology
5.4.3 Chemical Absorption Technology
5.4.4 Physical Absorption Technology
5.4.5 Membrane Separation Technology
5.4.6 Cryogenic Technology
Chapter 6 Global Market for Biogas Upgrading by Feedstock Source
6.1 Introduction
6.2 Municipal Wastewater Feedstock
6.3 Biowaste Feedstock
6.4 Agricultural Wastes and Energy Crop Feedstock
6.5 Landfill Gas Feedstock
6.5.1 Anaerobic Digestion in a Landfill
Chapter 7 Global Market for Biogas Upgrading Equipment by End Use
7.1 Introduction
7.2 Grid Injection
7.2.1 Grid Access
7.2.2 Transportation Fuel
7.3 Global Market for Biogas Upgrading Equipment by End Use
7.3.1 Gas Grid
7.3.2 Transportation/Vehicle Fuel
7.3.3 Gas Grid Vehicle Fuel
Chapter 8 Global Market for Biogas Upgrading Equipment by Region
Chapter 9 Industry Structure
Chapter 10 Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/2yua3f
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