DUBLIN--(BUSINESS WIRE)--The "Global Progressing Cavity Pump Market by Pumping Capacity (Up to 500 GPM, 501-1000 GPM, Above 1000 GPM), Power Rating (Up to 50 HP, 51-150 HP, Above 150 HP), End-user (Oil & Gas, Water & Wastewater, Others), Product Type, Stage Type, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global progressing cavity pump market is anticipated to grow from an estimated USD 2.2 billion in 2022 to USD 2.8 billion in 2027, at a CAGR of 5.3%
The market has a promising growth potential due to increased demand for progressive cavity pumps in water & wastewater treatment, chemicals, and infrastructure industries. The rising investments in wastewater treatment plants in developing countries in moving towards sustainability goals is creating new opportunities for the providers of progressing cavity pumps during the forecast period.
501-1,000 GPM: The second fastest-growing segment of the progressing cavity pump market, by pumping capacity
501-1,000 GPM pumps widely used in wastewater treatment plants which are able to convey low to high viscous fluids. The rise in the investments in the wastewater treatment plants in developing regions such as Asia pacific and South America which are increasing measures towards sustainability is fuelling the demand for progressive cavity pumps with pumping capacity between 501-1,000 GPM during the forecast period.
The Oil & gas segment is anticipated to be the second largest progressing cavity pump market by end-user industry, during the forecast period
The oil & gas segment is expected to have the second largest market share during the forecast period. Progressing cavity pumps in oil & gas explorations benefit a lot in the pumping the underneath fluids especially in the enhanced oil recovery process. The growing investments in the oil & gas explorations across countries is driving the demand for progressive cavity pumps in the Oil & gas segment.
North America is expected to account for the second-largest market size during the forecast period
North America is expected to be the second largest and fastest-growing market due to the growing investments in various end user industries such as oil & gas, water & wastewater treatment plants, food & beverages. New policies on treating wastewater and enhancing water infrastructure in US is propelling the demand for progressing cavity pumps in US.
Competitive landscape
The market is dominated by a few major players that have a wide regional presence. The leading players in the progressing cavity pump market are NOV (US), NETZSCH (Germany), SEEPEX (Germany), CIRCOR International (US), Schlumberger (US), PCM (France).
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Market Dynamics
Drivers
Restraints
Opportunities
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Value Chain Analysis
Trends/Disruptions Impact Customers Business
Technological Analysis
Case Study Analysis
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More than $800 million already invested across five companies that are combating climate change at scale
NEW YORK--(BUSINESS WIRE)--General Atlantic, a leading global growth equity firm, today announced the final close of its inaugural BeyondNetZero fund. Following the fund’s close, General Atlantic has a total of approximately $3.5 billion in capital to invest in climate solutions.
BeyondNetZero’s first fund brings together capital from investors at the forefront of climate investing, including several strategic investors, sovereign wealth funds, family offices, multinational corporations and global institutional investors. The BeyondNetZero fund is structured as a companion fund investing in climate growth equity companies alongside General Atlantic’s core global growth equity program. General Atlantic’s core program will generally contribute 25% of capital to each climate investment that meets this mandate.
“We believe strongly in the power of technology to accelerate the transition to net zero,” said Bill Ford, Chairman and Chief Executive Officer of General Atlantic. “We look forward to supporting passionate entrepreneurs who are delivering innovative climate solutions while creating durable growth businesses.”
General Atlantic launched BeyondNetZero in July 2021 as the firm’s dedicated climate investment effort, designed to capture the rapidly growing opportunity for growth equity in the climate space. The initiative combines the industrial expertise, investing experience and network of a seasoned team with the growth equity capabilities and global reach of General Atlantic to provide a unique offering to climate entrepreneurs and investors alike.
“We are encouraged and energized to see the strong investor demand for our growth equity investment strategy focused on climate solutions” added Graves Tompkins, Global Head of Capital Partnering at General Atlantic. “We are grateful for our partnerships with family, institutional and corporate investors who share our commitment to addressing climate change. As we continue to invest in high-quality climate companies, we look forward to bringing key insights to bear for General Atlantic’s broader portfolio and investor community.”
“As world leaders, policymakers and the investment community acknowledged at COP27, the fight against climate change will be won or lost this decade – on our watch. The climate solutions we are seeking to scale are an important part of the systemic transformation required to mitigate the global threat of climate change,” commented Lord John Browne of Madingley, Chairman of BeyondNetZero. “As we reach this key milestone for BeyondNetZero, we are doubling down on our commitment to accelerate the technologies at the forefront of delivering verifiable emissions reductions across the global economy.”
Since the fund’s launch, the BeyondNetZero team has focused on identifying innovative growth companies with the potential to meet and exceed net zero emissions targets. BeyondNetZero has deployed $826 million in five companies with the technological, engineering and operational capabilities to go beyond net zero by helping their customers – whether they’re individuals, small businesses or multinational corporations – to reduce their emissions. These investments include:
“In the next three years alone, 90% of the carbon abatement needed could come from technologies that are currently mature or in the early stages of adoption1 – which means there will be a very significant opportunity for growth equity to support and scale high-quality climate solutions in the years ahead,” said Lance Uggla, Chief Executive Officer of BeyondNetZero. “I am immensely proud of what the BeyondNetZero team has achieved since launch, and I look forward to capturing our fast-growing opportunity set.”
BeyondNetZero has chosen to operate as an Article 9 Fund, defined under the EU’s Sustainable Finance Disclosure Regulation as “a Fund that has sustainable investment… or a reduction in carbon emissions as its objective.” In line with Article 9 Fund requirements, BeyondNetZero is fully focused on investments that aim to accelerate the net zero transition and holds itself to a high standard of ESG commitment and transparency.
About BeyondNetZero
BeyondNetZero is the climate fund of General Atlantic, a leading global growth equity firm. BeyondNetZero invests in growth companies delivering innovative climate solutions that have the potential to meet and exceed net zero emissions targets, with a focus on decarbonization, energy efficiency, resource conservation and emissions management. This venture combines General Atlantic’s growth equity experience and global network with a team of experienced climate investors, advisors and industry executives who bring decades of experience in both addressing climate-focused problems and building pioneering growth companies. For more information on BeyondNetZero, please visit: https://beyond-net-zero.com.
About General Atlantic
General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 445 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic has over $73 billion in assets under management inclusive of all products as of September 30, 2022, and more than 220 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Miami, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore, Stamford and Tel Aviv. For more information on General Atlantic, please visit: www.generalatlantic.com.
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Casey Gunkel
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HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE symbol-MTR) announced today the Trust income distribution for the month of December 2022. Unitholders of record on December 30, 2022 will receive distributions amounting to $0.201199745 per unit, payable on January 31, 2023. The Trust received $336,595, which came from the New Mexico portion of the Trust’s San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company and $64,224 which came from the Hugoton Royalty properties operated by Scout Energy Group V, LP. No income was received in December 2022 from the Colorado portion of the Trust's San Juan Basin properties operated by SIMCOE LLC, an affiliate of IKAV Energy Inc or from the Colorado portion of the Trust's San Juan Basin properties operated by Red Willow Production Company. This month, after the Trust’s withholding for cash reserves and the payment of administrative expenses, income from the distributable net profits was $374,954.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. In addition, as further described in the Trust’s most recent filing on Form 10-Q, distributions to unitholders are expected to be materially reduced during 2022, as the Trust intends to increase cash reserves to a total of $2.0 million to provide added liquidity.
Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust’s Form 10-K for the year ended December 31, 2021. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today the execution of a sale and purchase agreement (SPA) with Galp Trading S.A. (Galp), for the long-term supply of liquefied natural gas (LNG) from NextDecade's Rio Grande LNG (RGLNG) export project in Brownsville, Texas.
Under the 20-year SPA, Galp will purchase 1.0 million tonnes per annum (MTPA) of LNG indexed to Henry Hub on a free-on-board basis.
"We are honored to have Galp, one of Portugal’s largest energy companies and a key player in the Iberian Peninsula, as our customer," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. "We look forward to helping Galp, as well as other European companies and their customers, meet their energy needs by offering a lower-cost, reliable source of LNG with lower carbon-intensity."
NextDecade is currently targeting a positive Final Investment Decision (FID) on the first three trains of the RGLNG export project during the first quarter of 2023, with FIDs of its remaining trains to follow thereafter.
About NextDecade Corporation
NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage (CCS) projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO2 emissions at their industrial-scale facilities. NextDecade's common stock is listed on the Nasdaq Stock Market under the symbol "NEXT." NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words "anticipate," "contemplate," "estimate," "expect," "project," “target,” "plan," "intend," "believe," "may," "might," "will," "would," "could," "should," "can have," "likely," "continue," "design," "assume," "budget," "guidance," and "forecast" and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include NextDecade’s progress in the development of its LNG liquefaction and export projects and CCS projects and the timing of that progress; the timing of achieving a final investment decision on the Rio Grande LNG terminal (the “Terminal”); reliance on third-party contractors to successfully complete the Terminal, the pipeline to supply gas to the Terminal and any CCS projects; ability to develop NCS’ business though implementation of CCS projects; ability to secure additional debt and equity financing in the future to complete the Terminal and CCS projects on commercially acceptable terms; accuracy of estimated costs for the Terminal and CCS projects; ability to achieve operational characteristics of the Terminal and CCS projects, when completed, including liquefaction capacities and amount of CO2 captured and stored, and any differences in such operational characteristics from expectations; development risks, operational hazards and regulatory approvals applicable to NextDecade's development, construction and operation activities and those of its third-party contractors and counterparties; technological innovation which may lessen NextDecade's anticipated competitive advantage or demand for its offerings; global demand for and price of LNG; availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG and CCS industries, including environmental laws and regulations that impose significant compliance costs and liabilities; scope of implementation of carbon pricing regimes aimed at reducing greenhouse gas emissions; global development and maturation of emissions reduction credit markets; adverse changes to existing or proposed carbon tax incentive regimes; global pandemics, including the 2019 novel coronavirus pandemic, the Russia-Ukraine conflict, other sources of volatility in the energy markets and their impact on NextDecade's business and operating results, including any disruptions in its operations or development of the Terminal and the health and safety of its employees, and on its customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of our securities on the Nasdaq Capital Market or another securities exchange or quotation medium; changes adversely affecting the businesses in which NextDecade is engaged; management of growth; general economic conditions; ability to generate cash; and the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. Additionally, any development of the Terminal or CCS projects remains contingent upon completing required commercial agreements, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.
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MILWAUKEE--(BUSINESS WIRE)--Luxfer Holdings PLC (NYSE: LXFR), (“Luxfer” or the “Company”), a global industrial company innovating niche applications in material engineering, today released its 2022 Sustainability Report, a biennial report highlighting Luxfer’s ongoing efforts to drive sustainability in its operations. Building on the Company’s inaugural report published in 2020, the 2022 Sustainability Report includes:
The Company continued to demonstrate improvements in its environmental performance, including a projected 35% decrease in absolute emissions by the end of 2022 from 2021 figures. The Report also provides a discussion on the roles and responsibilities of the Company’s Board of Directors and Executive Leadership Team with respect to sustainability governance, strategy, and climate-related risks. Also detailed throughout the Report are key updates on various social initiatives intended to uphold Luxfer’s commitment to the well-being of its people and communities. In addition to updates provided in annual reports and proxy statements, the Company anticipates publication of a further Sustainability Report in 2024.
“The past two years have been pivotal for the evolution of our sustainability journey, and we have made real progress in integrating sustainability matters into our strategy, culture, and operations,” said Andy Butcher, CEO of Luxfer. “Going forward, our focus is to build on this foundation and identify more opportunities to strengthen our sustainability program. We look forward to meaningful conversations with our stakeholders about our ambitions and how we can work together to be strong stewards of our environment and society.”
To download the report and for more information about Luxfer’s sustainability activities, please visit https://www.luxfer.com/environment-social-and-governance/.
About Luxfer Holdings PLC
Luxfer is a global industrial company innovating niche applications in materials engineering. Using its broad array of proprietary technologies, Luxfer focuses on value creation, customer satisfaction, and demanding applications where technical know-how and manufacturing expertise combine to deliver a superior product. Luxfer’s high-performance materials, components, and high-pressure gas containment devices are used in defense and emergency response, clean energy, healthcare, transportation, and general industrial applications. For more information, please visit www.luxfer.com.
Luxfer is listed on the New York Stock Exchange and its ordinary shares trade under the symbol LXFR.
Michael Gaiden
Vice President of Investor Relations and Business Development
(414) 982-1663
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DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Innovation Tracker - Upstream Electrification" report has been added to ResearchAndMarkets.com's offering.
As decarbonization strategies gather pace across industries, the electrification of processes in the oil and gas (O&G) industry is emerging as a pillar of growth opportunity and innovation. The analyst has identified a complex and dynamic value chain and set of process steps where opportunities await.
Despite the significant potential to reduce carbon emissions, the electrification of O&G operations remains nascent. However, innovation among suppliers and supporting policies and regulatory frameworks from governments will boost adoption.
Most electrification technologies are commercially available, yet the high capital costs associated with replacing existing fossil fuel-based infrastructure, steep electricity prices, lack of government incentives, and poor awareness are significant barriers to O&G electrification. Yet these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.
This study looks specifically at 6 dynamic firms that are making a significant impact on the innovation agenda for electrification in the O&G sector and associated industries.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Environment
3. Companies to Action
4. Growth Opportunity Universe
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/8ftln
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Vice President of Engineering and Utility Operations, Jon Huddleston, announces retirement from NW Natural after 32 years at the company, which names new Vice President
PORTLAND, Ore.--(BUSINESS WIRE)--Jon Huddleston's retirement will come after spending 32 years at NW Natural in a variety of roles and locations. He began his NW Natural journey as a Design Engineer and over the years has led engineering, technical training, business systems support, business analytics, technology implementation and federal pipeline safety compliance for NW Natural. In his most recent previous role as Senior Director, Utility Operations, he oversaw transmission and distribution construction, gas operations and maintenance, storage and plant operations, and gas control.
"It would be almost impossible to overstate Jon's contribution to our company's operational successes," said Sr. Vice President of Operations, Kim Rush. "No matter his title or set of responsibilities, Jon and the teams he managed helped set the industry bar on system safety and reliability."
In his career at NW Natural, Jon played a part in a multi-year initiative to standardize operations across company locations, essentially redesigning how NW Natural operated. He also worked with the Western Regional Operations Group in designing a peer-reviewed employee safety program that was soon employed nationally by the American Gas Association and is still used today. "I'm proud that just a handful of us designed something that has made a difference in safety for so many employees at utilities across the country," said Jon.
As Jon departs this spring, the NW Natural Board of Directors has named Joe Karney to the position of Vice President of Engineering and Utility Operations. Joe will join the officer team, beginning April 1, 2023.
"Jon leaves what will be a lasting legacy of operational excellence and an unrelenting focus on our core value of safety," said NW Natural CEO David Anderson. "And with Joe Karney, we are excited to elevate a proven, dedicated professional who we know will continue the great work of his predecessor and lead our operations teams into an exciting new chapter for the company."
Joe started his career with Colonial Pipeline in Georgia, and then joined NW Natural as an Integrity Engineer. He has held positions in Integrity Management, Construction Operations, Code Compliance, and Engineering and is currently Sr. Director of Utility Operations.
"Joe is a perfect fit for this role. His experience with the company is both deep and broad, covering areas including operations, compliance and engineering," said Rush. "He has also built a terrific rapport with his colleagues throughout the company and will be a very welcomed addition to the officer team."
About NW Natural
NW Natural, a part of Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and has been doing business for more than 160 years. NW Holdings owns NW Natural, NW Natural Renewables Holdings (NW Natural Renewables), NW Natural Water Company (NW Natural Water), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 790,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores.
We have a longstanding commitment to safety, environmental stewardship, and taking care of our employees and communities. Learn more in our latest ESG Report.
Stefanie Week, 503-739-9902, This email address is being protected from spambots. You need JavaScript enabled to view it.
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ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ARR.TO--Altius Renewable Royalties Corp. (TSX: ARR) (OTCQX: ATRWF) (“ARR”, the “Corporation”, or the “Company”), reports that Great Bay Renewables (“Great Bay”), its subsidiary that is jointly controlled with funds managed by affiliates of Apollo Global Management (“Apollo”), has entered into an agreement to acquire an existing royalty agreement (the “Royalty”) on a portion of an operating wind project (the “Project”) from Apex Clean Energy (“Apex”) for US$18 million, subject to standard working capital and other adjustments. The Project is an approximately 1 GW wind project located in Hansford County, Texas owned and operated by a top-tier renewables owner-operator.
Under the Royalty, Great Bay will receive a fixed dollar amount per megawatt hour produced from a distinct 658 megawatts of the Project which achieved commercial operations in September 2022. The Royalty was originally created by Apex in conjunction with the sale of the development project. Great Bay expects the Royalty to contribute approximately US$1.5 million to its revenue in 2023.
Commenting on the investment, Frank Getman, CEO of Great Bay, said, “We are pleased to work with Apex and add the Royalty to our growing portfolio of operating project royalties. As this new royalty is entirely production volume based with no price exposure, it provides an attractive complement and diversification to our broader portfolio.”
About ARR
ARR is a renewable energy royalty company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators. ARR has 33 renewable energy royalties representing approximately 1.4 GW of renewable power on operating projects and an additional approximate 6 GW on projects in development phase, across several regional power pools in the U.S. The Corporation also expects future royalties from GBR's investments in Bluestar Energy Capital and Hodson Energy. The Corporation combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.
Forward-looking information
This news release contains forward-looking information as defined under Canadian securities laws which reflect management’s current expectations. Some of the specific forward-looking statements contained herein include, but are not limited to, the projected revenues on the Royalty. The statements are based on reasonable assumptions and expectations of management and ARR provides no assurance that actual events will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although ARR believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Readers should not place undue reliance on forward-looking information. ARR does not undertake to update any forward-looking information contained herein except in accordance with securities regulation. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of ARR under the Company’s profile at www.sedar.com.
Flora Wood
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Ben Lewis
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PARIS & LYON, France--(BUSINESS WIRE)--Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) (Paris:DSY), McPhy Energy (Euronext Paris: FR0011742329, MCPHY.PA ) and Visiativ (Euronext Growth Paris: FR0004029478, ALVIV) are collaborating to drive the green energy transition, by enabling McPhy to increase the competitiveness of its low-carbon hydrogen production and distribution equipment, and confirm its role as a key partner for the hydrogen market.
The three leaders in their fields have teamed up for McPhy’s deployment of Dassault Systèmes’ 3DEXPERIENCE platform on the cloud to optimize the performance of its equipment as well as the processes and tools used across its development, engineering and production centers in France, Germany and Italy. McPhy – a long-time SOLIDWORKS customer – chose to move to a collaborative business platform deployed by the Visiativ team. This would deliver the collaborative design and product life cycle management capabilities to support its growth strategy as it scales up its business, in particular with the preparation for its new Gigafactory in France in 2024.
“The Dassault Systèmes 3DEXPERIENCE platform deployed by Visiativ will help us structure our teams and our business. A unified architecture across all our sites (France, Italy and Germany) is a key step in McPhy's industrial scale-up, with the aim of optimizing collaborative processes across our European technology teams. We will also reduce our time-to-market in product development and project engineering for our clients, in particular by modelling the manufacturing process before our products are launched on the market," said Benoît Barrière, Chief Technology Officer of McPhy.
Reaching carbon neutrality by 2050 implies switching most of the world’s total energy consumption away from fossil fuels. McPhy’s electrolyzers and low-carbon hydrogen refueling stations are increasingly recognized by the industrial, mobility and energy markets as a viable solution to decarbonize their activities. Green hydrogen can be used to decarbonize the industrial sector as an energy carrier or as a raw material for steel production. It also can be turned into clean fuel to charge hydrogen vehicles, injected into gas networks, or used as an energy storage solution to help complement the renewable energy transition.
The 3DEXPERIENCE platform will enable McPhy to leverage knowledge and know-how across the enterprise by standardizing processes and design and simulation applications, centralizing data and project management, and facilitating interaction among its teams.
“As the world shifts away from the use of fossil fuels, our 3DEXPERIENCE platform offers new technological approaches to innovation across all phases of the life cycle, for equipment and products that contribute to a more sustainable economy,” said Philippe Bartissol, Vice President, Industrial Equipment industry, Dassault Systèmes. “Game-changers like McPhy can collaborate, innovate and manage the entire product life cycle in one virtual twin experience.”
Visiativ, a digital transformation partner of Dassault Systèmes, is accompanying McPhy ’s deployment of the platform with integration and support services that enable all users to better collaborate and innovate by centralizing data and project management. This structuring and this multidisciplinary project was made possible thanks to the knowledge of Dassault Systèmes' solutions combined with the understanding of the customer's issues on the ground.
“The success of this partnership is thanks to the collaboration, mutual trust, and commitment of McPhy, Dassault Systèmes and Visiativ,” said Laurent Fiard, CEO, Visiativ. “We are delighted to support McPhy in this global project in line with their innovation transformation strategy. It is a perfect example of how the hydrogen industry is positioning for success in reaching carbon neutrality by 2050 and we are proud to partner with McPhy and the hydrogen industry on this journey.”
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About Dassault Systèmes
Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production to achieve a more sustainable world for patients, citizens, and consumers. Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com
3DEXPERIENCE, the Compass icon, the 3DS logo, CATIA, BIOVIA, GEOVIA, SOLIDWORKS, 3DVIA, ENOVIA, NETVIBES, MEDIDATA, CENTRIC PLM, 3DEXCITE, SIMULIA, DELMIA, and IFWE are commercial trademarks or registered trademarks of Dassault Systèmes, a French “société européenne” (Versailles Commercial Register # B 322 306 440), or its subsidiaries in the United States and/or other countries.
About McPhy
In the framework of the energy transition, and as a leading supplier of hydrogen production and distribution equipment, McPhy contributes to the deployment of low-carbon hydrogen throughout the world. Thanks to its wide range of products and services dedicated to the industrial, mobility and energy markets, McPhy provides turnkey solutions to its clients adapted to their applications in industrial raw material supply, fuel cell electric car refueling or renewable energy surplus storage and valorization. As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany). The company’s international subsidiaries ensure a global sales coverage of McPhy’s innovative hydrogen solutions. McPhy is listed on NYSE Euronext Paris (Segment B, ISIN code: FR0011742329; ticker: MCPHY).
www.mcphy.com
About Visiativ
Visiativ's mission is to make digital transformation a performance lever for companies. We do this by co-building alongside our customers, over the long term. We call this our promise: "Sharing, is growing". We support our customers by providing solutions and services to plan, implement, manage and monitor transformations with a unique and innovative approach through three pillars: Consult (consulting & support), Engage (solutions & deployment) and Connect (communities for exchange and sharing). With over 35 years of proven experience working with more than 21,000 Small & Mid-Market customers, Visiativ has achieved revenues of €214 million in 2021. Visiativ is present in 14 countries (Belgium, Brazil, Canada, France, Germany, Luxembourg, Morocco, the Netherlands, Poland, the United Kingdom, U.A.E, USA and Switzerland) and has more than 1,100 employees. Visiativ (ISIN code FR0004029478, ALVIV) is listed on Euronext Growth in Paris. The share is eligible for PEA and PEA-PME. For further information visit www.visiativ.com
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Dassault Systèmes
Arnaud MALHERBE
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Nicolas MERIGEAU
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EINDHOVEN, Netherlands--(BUSINESS WIRE)--INNIO today announced that its Jenbacher Ready for H2 engine technology has been selected by NorthC Datacenters (NorthC) to deliver an emergency backup power solution for its newest data center, which will be constructed in Eindhoven, Netherlands. Six Jenbacher hydrogen engines will provide carbon-free emergency backup power in cases of electricity grid outages. The Jenbacher Type 4 hydrogen engines generate a total power output of six megawatt and will be delivered as a containerized package. The Eindhoven data center including the hydrogen emergency backup power solution and the onsite hydrogen storage solution is a greenfield project, that is expected to be operational in the second half of 2023.
“We are excited and proud to build the first 100% green hydrogen emergency backup power solution with engines for data centers globally together with NorthC,” said Dr. Olaf Berlien, president and CEO of INNIO. “As a carbon-free energy source, hydrogen is an important pillar of the energy transition.”
“We selected INNIO’s Jenbacher technology to support our green hydrogen powered electricity generation because of their long-term experience and proven track record with special gases, like hydrogen,” said Jarno Bloem, COO of NorthC Datacenters. “With INNIO’s Jenbacher hydrogen emergency backup power solution coupled with the renewable power sources from the electricity grid, we are able to decarbonize our complete energy supply infrastructure.”
NorthC has implemented a strategy to be fully carbon neutral by 2030. This will be accomplished through four sustainability pillars: 100% green energy, modular construction, making efficient use of residual heat, and green hydrogen. The Eindhoven data center will be powered with solar and wind energy from the grid.
To provide additional flexibility and security to NorthC the six Jenbacher Type 4 engines are configured as dual-gas engines. In case of an electricity grid outage the engines are operated with the on-site stored hydrogen. For longer duration grid outages, NorthC has the option to switch to natural gas as an energy source during operation of the engines, in case of shortage in the H2 supply infrastructure. INNIO’s myPlant Performance cloud-based digital platform solution will provide NorthC secure, real-time monitoring of the emergency backup solution. The project supports the Netherlands strategy to achieve carbon neutrality by 2050.
About INNIO
INNIO is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With our product brands Jenbacher and Waukesha and our digital platform myPlant, INNIO offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. We are individual in scope, but global in scale. With our flexible, scalable, and resilient energy solutions and services, we are enabling our customers to manage the energy transition along the energy value chain wherever they are in their transition journey.
INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 3,500 experts provides life-cycle support to the more than 54,000 delivered engines globally through a service network in more than 80 countries.
INNIO’s ESG Risk Rating places it number one of more than 500 worldwide companies in the machinery industry assessed by Sustainalytics.
For more information, visit INNIO’s website at www.innio.com. Follow INNIO on Twitter and LinkedIn.
Susanne Reichelt
INNIO
+43 664 80833 2382
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TAIPEI, Taiwan--(BUSINESS WIRE)--Many countries are facing serious energy shortages, and to counter this problem, many are already actively utilizing renewable energy, but they also urgently need the layout of the internet of energy (IoE) to harness this new power. IoE connects equipment, machines, and systems used in energy production, transmission, and consumption through sensors, controls, and software. IoE delivers power where and when it’s needed through smart power storage and distribution, and enables forecasting through big data analysis and machine learning. The DV-1000 high-performance and essential rugged embedded computer in the Cincoze Rugged Computing - DIAMOND product line offers high-performance computing in a compact chassis with flexible expansion and industrial wide temperature support, making it the best choice for IoE applications.
Compact and High Performance
Maximum efficiency for renewable energy requires a network for collecting, storing, and distributing energy power. The DV-1000 is compact, about the size of A5 paper (224 x 162 x 64 mm), making it easy to install in any small outdoor electrical cabinet. The DV-1000 supports a 9th/8th generation Intel® Core™ i7/i5/i3 (Coffee Lake-R S series) processor and up to 32 GB of DDR4 2666 MHz memory, providing the high-efficiency computing power for the real-time processing and analysis of large amounts of data, and meeting the high computing requirements required for IoE.
Rich I/O with Flexible Expansion
The foundation of IoE lies in distributed energy management. Renewable energy sites need many sensors to collect on-site data from power switches, smart meters, thermostats, and other devices. That data must then be analyzed and transmitted over a network to the control center to determine power distribution. The DV-1000 has the most commonly used I/O interfaces needed for IoE applications, including 2x GbE LAN, 2x COM, and 6x USB, which can be connected to various types of sensors and other devices. For further expansion, COM and DIO ports can be added using Cincoze’s exclusive CMI modularization technology, and USB 3.0 and GbE LAN can be added using MEC modules. The DV-1000 can fully meet the requirements of various sensor interfaces and networking in IoE.
Robust, Wide Temperature Design
Renewable energy sites are usually outdoors, so the harsh installation environment and sudden temperature changes must be considered. The DV-1000 works in a wide temperature range (-40 to 70°C), supports a wide input voltage (9 to 48VDC), and has passed the military standard MIL-STD-810G shock and vibration tests, proving it can withstand the shock and vibration of harsh environments. If a higher wattage processor is used for high-speed operation, the DV-1000 can be fitted with a dedicated external fan. Finally, to avoid electromagnetic interference in the chassis, the DV-1000 has passed EMC certification, including CE, UKCA, FCC, ICES-003 Class A, and other multinational EMC standards. The reliable quality of the DV-1000 makes it the ideal high-performance choice for edge computing and energy interconnection.
More about DV-1000：https://www.cincoze.com/goods_info.php?id=406
About Cincoze
Cincoze is a rugged embedded computer brand providing diversified embedded computer solutions tailored to market needs. Its product lines include rugged embedded computers, industrial panel PCs, industrial displays, and embedded GPU computers. Cincoze products meet various vertical markets' application needs, especially factory automation, mechanical automation, machine vision, AIoT, robotics, in-vehicle computing, smart transportation, smart warehousing, and logistics. Over the years, Cincoze has launched many innovative products and won several patents, awards and international certifications.
Tags：Panel PC / Fanless PC / embedded computers / GPU computer / IoE / Edge Computing / Distributed Energy Management
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Julia Hsiao
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www.cincoze.com
Jaunt Air Mobility Continues to Make Strides
DALLAS & MONTRÉAL--(BUSINESS WIRE)--#aerospace--Martin Peryea, EVP, and GM of Electric Air Mobility of the AIRO Group, continues to lead Jaunt toward success in the emerging world of eVTOL players. "The eVTOL [electric vertical takeoff and landing] industry in 2022 has demonstrated that the market for air taxis is indeed coming, and the regulatory community is facing the challenges head-on," says Peryea.
In 2022, the FAA redefined the certification rules for eVTOLs to include the powered-lift category. According to the FAA, the revised definitions represented an important step in making commercial air taxi's a reality. In tandem, rules for certifying pilots for powered-lift aircraft and new operational requirements were also defined. More recently, FAA Administrator Billy Nolen stated the agency did not expect operations by eVTOLs until early 2025 and said, "At any rate, it won't happen until the safety piece has been satisfied."
"Entering into this market, having certified several aircraft, the design of the Jaunt Journey was based on bringing the proven SRC [Slowed Rotor Compound] technology to market with a clear certification path as a rotorcraft," said Peryea. The powered lift does not impact Jaunt in certifying as a rotorcraft, as Parts 27 & 29 already address vertical takeoff and landing requirements. Regarding safety, Jaunt's proprietary SRC technology allows the aircraft to land via autorotation or by gliding in a controlled fashion should there be an unexpected total loss of propulsion. The pilot of the Jaunt Journey will be able to choose a safe landing spot and have complete control of the aircraft during descent. No ballistic parachute is required.
"Jaunt is one of the most uniquely positioned companies in the eVTOL world. The fundamental aircraft technologies of the Slowed-Rotor Compound (SRC) have been proven over the past quarter century. The world-class team now has the backing of the highly respected AIRO Group and tie-ups with impressive global partners. Perhaps most importantly, there are already existing rotorcraft airworthiness standards for the US Federal Aviation Administration (FAA), European Union Aviation Safety Agency (EASA), and Transport Canada (TCCA) under which the Jaunt Journey can be certificated. There's a lot of hard work ahead of Jaunt, but the company is well-positioned to meet its goals," wrote Mike Hirschberg, Executive Director of The Vertical Flight Society.
The company is very confident about the SRC system's technology maturity and its technology partners' ability to meet Part 29 requirements, which will also comply with the EASA Special Condition for VTOL (SC-VTOL) for "Category Enhanced." Compared to the requirements of Part 23 and Part 27, Part 29 requires that flight critical systems meet the requirements of the probability of catastrophic failure of less than 10-9 per flight hour.
Jaunt has continually moved forward with its unique aircraft design and market strategy amongst some of the best-known eVTOL companies like Joby, Archer, and Eve, according to the AAM Reality Index 2022 published by SMG Consulting.
During the past year, Jaunt garnered two influential business advisors in Calin Rovinescu, former president and CEO of Air Canada, and Mitch Garber, a global technology and growth capital advisor. More significantly, Jaunt Air Mobility merged with AIRO Group Holdings, Inc. adding depth to leadership and expanding aerospace markets in avionics, drones, and training.
Advancing Systems and Design
Jaunt continues to make strides in developing the overall technology and systems capabilities of the all-electric Jaunt Journey. L&T Technology Services began providing end-to-end engineering support in structural design analysis and certification. On the military front, Jaunt was selected out of 200 entrants for the US DoD High-Speed VTOL Challenge investment via the AFWERX program. Jaunt developed three concepts that bring the speed and capabilities of a fixed-wing aircraft combined with VTOL through Jaunt's highly efficient, patented SRC technologies. Benefits of these unique technologies include minimal aircraft downwash for operations, overall acoustic signature reductions, and lower operational costs with high availability rates.
Moving Advance Air Mobility (AAM) Globally
From operators to infrastructure partners, Jaunt continues to grow globally. Jaunt signed Letters of Intent with Vertiko Mobility, Mint Air Co. LTD, and others not publicly disclosed. Vertiko Mobility is a Québec-based company. Its mission is to reconnect Québec's regions to its urban centers by building a network of vertiports spanning the province along with local large-city networks. Vertiko intends to purchase 71 Jaunt Journey eVTOLs initially.
Eric Cote, president of Jaunt Canada, commented, "We are pleased about our partnerships in Canada and are in numerous discussions with operators worldwide. The market demand will require many eVTOL companies, and the excitement builds for the Jaunt Journey as customers truly understand our technology."
Mint Air of South Korea signed an LOI for 40 aircraft to serve the Korean air taxi market. Avports signed on with Jaunt's Access Skyways infrastructure alliance to support the integration of eVTOL aircraft with airports and the aviation ecosystem. Avports is an American-owned and based airport manager and operator.
Looking to 2023
"Our goals for 2023 are ambitious", says Simon Briceno, Chief Commercial Officer for Jaunt. “Expansion and growth across all segments of the AIRO Group are structured to meet our vision of building a thriving middle-market aerospace company. Our strategic path for the Jaunt Journey continues to be on course with our goal of certifying by 2027."
About Jaunt
Jaunt Air Mobility is a transformative aerospace company headquartered in Dallas, Texas, with design and manufacturing located in Montréal, Canada. Jaunt is building the next generation of eVTOL (electric Vertical Takeoff and Landing) and hybrid-electric VTOL aircraft for faster, quieter, and safer travel over urban areas, moving people and cargo. Jaunt is the global leader in developing Slowed Rotor Compound (SRC) technology. The Jaunt Journey is the world's first electric aircraft combining helicopter and airplane flight capabilities. Jaunt has teamed with Tier 1 aerospace partners to develop the Journey and work with global operators to provide this new form of travel. Jaunt offers the most operationally efficient aircraft with a zero-carbon footprint. Jaunt is a recognized global brand of AIRO Group Holdings, Inc. "("AIRO""). AIRO is a mid-tier aerospace and defense company offering industry-leading technology and services in Electric Air Mobility, Advanced Avionics, Commercial Drones, and Training, uniquely capable of addressing a broad spectrum of aerospace markets. For more information, visit www.jauntairmobility.com and www.theairogroup.com.
Nancy Richardson
Jaunt Air Mobility
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LAS VEGAS--(BUSINESS WIRE)--$AP #Agora_Digital--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), today announced its plan to merge its wholly owned subsidiary, Ault Alliance, Inc. (“AAI”) with and into BitNile. In connection with this upstream merger, the current AAI will disappear and the business of BitNile will continue as it is currently being conducted. Further, on January 3, 2023, the effective date of the merger, the Company will change its name to Ault Alliance, Inc. and its ticker will be changed to “AULT.”
The Company’s Founder and Executive Chairman, Milton “Todd” Ault, III said, “The name change to Ault Alliance reflects the changes we began to build in 2017 and grow to become the diversified holding company we are today. We have built a diversified portfolio of companies with assets totaling more than $600 million. In the months ahead, we plan to operate in three main segments.
The attributed assets do not reflect all the assets owned by the Company, such as equity investments in other private and public companies. The Company plans to file a list of all assets each quarter.
As previously announced, the Company plans to spin off Imperalis Holding Corp. (to be renamed TurnOnGreen, Inc.) and Giga-tronics Incorporated and excluding revenue from the announced spin-offs expects revenue of more than $200 million for 2023. We are pleased with the positioning and strategic direction of the Company. We are committed in our Bitcoin mining endeavors as a key component of our technology and finance segment. As Ault Alliance, we plan to make the Company’s structure and focus clear, precise and understandable. We are dedicated to enhancing stockholder value and continuing to improve our financial results, we plan to maximize the returns of our existing investments, which are positioned for growth, and we do not expect to make significant acquisitions within the next year.”
For more information on BitNile Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
BitNile Holdings Investor Contact:
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Projects Will Add 600 Megawatt-Hours of Storage Capacity to Origis Solar Sites
MIAMI & LAKE MARY, Fla.--(BUSINESS WIRE)--#BESS--Origis Energy, one of America’s largest solar and energy storage developers, has contracted Mitsubishi Power Americas to deliver three utility-scale battery energy storage system (BESS) projects totaling 150 megawatts / 600 megawatt hours. The projects will be co-located with three Origis Energy photovoltaic solar facilities in the Southeast United States to reduce curtailment of excess solar generation which will enable greater efficiency and higher capacity of the sites.
Origis will use the Mitsubishi Power Emerald storage solution for the three projects, successively coming online over the next two years. Origis has pioneered large-scale solar in the Southeast, working with leading utilities, municipalities and electric cooperatives to deploy over 1.5 gigawatts of operational and contracted projects in the region. The company’s U.S. total for operational and contracted solar and BESS projects are over 4 GWs. Energy storage enables Origis to add grid services to renewable energy generation. Consequently, Origis has 2.3 gigawatt hours (GWh) of BESS projects contracted or in negotiation with 13.7 GWh currently being developed.
“Storage of renewably generated power is an increasingly important grid asset,” said Kenneth Kim, Vice President, Engineering & Strategy Planning, Origis Energy. “By adding the BESS solution to these facilities, we increase the value of the asset, adding enhanced grid solutions to clean, cost-effective solar power. We thank Mitsubishi Power for their collaboration on these projects, creating long-term benefits for our customers.”
The BESS projects will employ Mitsubishi Power’s Emerald Integrated Plant Controller - an Energy Management System (EMS) and Supervisory Control and Data Acquisition (SCADA) system – that instructs the BESS when to charge and deploy, monitors status, sends alarms and alerts and enables long-term data storage.
“The Emerald storage solution technology we’re delivering for Origis follows rigorous NERC CIP and IEC 62443 Security Development Lifecycle Process policy and processes aligned to industry best practices,” said Alejandro Schnakofsky, Vice President of Global Strategy, Energy Storage Solutions, Mitsubishi Power Americas. “It is imperative in everything we do to protect energy systems and operators with the strongest level of cybersecurity possible.”
Mitsubishi Power has more than 2.5 GWh of utility-scale BESS projects in various stages of deployment globally that increase renewable efficiency, capacity, and flexibility.
About Origis Energy
Origis Energy is bringing clean and cost effective solar and energy storage solutions within reach for utility, commercial and industrial as well as public sector clients. The Origis team has worked to ensure the interests of all stakeholders are upheld in 170 projects worldwide totaling more than 5 GW to date of developed solar and energy storage capacity. Headquartered in Miami, FL, Origis Energy delivers excellence in solar and energy storage development, financing, engineering, procurement and construction (EPC) and operations, maintenance and asset management for investors and clean energy consumers in the US. Visit us at www.OrigisEnergy.com.
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
Glenna Wiseman
Origis Energy
+1 408-478-2570
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Christa Reichhardt
Mitsubishi Power
+1 407-484-5599
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DUBLIN--(BUSINESS WIRE)--The "Wind Turbines Database" database has been added to ResearchAndMarkets.com's offering.
This product is a worldwide database of wind turbines.
It includes 1899 entries.
Provided Content:
Main Data
Rotor
Gearbox
Generator
Tower
Weights
Operational wind data
Status
For more information about this database visit https://www.researchandmarkets.com/r/ehceo6
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Financial veteran with deep expertise, years of executive leadership ‘a model of the employee-owner mindset’
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Michael Williams, Black & Veatch’s interim chief financial officer (CFO) since June, has been appointed as the company’s CFO, the global leader in critical infrastructure solutions has announced. Williams also joins the company’s leadership team.
Williams, who joined Black & Veatch in 2011 and previously served as senior vice president of finance and treasurer, was instrumental in the company’s recent organizational transformation, which better positioned Black & Veatch to meet the global megatrends reshaping the world of infrastructure and the rapidly expanding need for innovative solutions.
As interim CFO, he provided key leadership that has helped keep Black & Veatch on a strong year-over-year growth trajectory. The company continues to achieve new records in earnings and backlog – all setting the stage for Black & Veatch to continue its growth trajectory in providing innovative and sustainable solutions to its clients.
Williams also has been a key influencer to building and enhancing Black & Veatch’s unique employee ownership structure. “Being a 100 percent employee-owned company that is making a difference across the world through sustainable infrastructure solutions is truly something special and makes Black & Veatch an incredible place to serve and build a career,” Williams said.
“Michael is a model of the employee-owner mindset and a true steward of Black & Veatch’s financial success,” said Mario Azar, Black & Veatch’s Chairman and CEO. “As CFO, he will continue to protect and grow our financial strength while keeping us focused on long-term performance and profitable growth.”
As CFO, Williams leads more than 350 global Black & Veatch finance professionals and provides key leadership in the company’s financial, operational, commercial and risk management strategies.
“Black & Veatch remains at the forefront of innovative critical infrastructure solutions that sustain and improve lives around the world, and our recent companywide transformation bolsters our ability to carry out that mission,” Williams said. “Client relationships have been and always will be our priorities, and as CFO I look forward to continued solid financial results for our professionals and employee owners.”
Prior to joining Black & Veatch, Williams worked in the audit practice of KPMG in Dallas and Grant Thornton in Kansas City, Missouri, serving public and privately held clients spanning industries ranging from manufacturing and financial services to engineering, construction and industrials.
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) was once again recognized across several key rankings in 2022 – including CDP, Dow Jones Sustainability Index (DJSI), Sustainalytics and MSCI – for the company’s commitment to transparency and governance around climate change and other ESG topics. Williams was named for the third consecutive year to the DJSI North America index and for the second consecutive year to the DJSI World index.
CDP, another widely recognized disclosure and scoring process, gave Williams a ‘B’ score for its commitment to transparency around climate change. This ranking exceeds the oil and gas storage and transportation activity group average of ‘C’ as well as the North American regional average of ‘C’. Williams’ score signifies the company incorporates effective governance practices and is taking coordinated action on climate change. This is the third year Williams participated in the full disclosure and scoring process through the CDP Climate Change Questionnaire.
“These high ESG scores validate the emphasis Williams places on reducing emissions, maintaining strong corporate governance and preserving transparency with our customers, employees and shareholders,” said Alan Armstrong, president and chief executive officer of Williams. “As we continue to meet growing demand for clean energy while at the same time achieving industry-leading emissions reductions, our employees are motivated more than ever to solve the challenges society faces today around energy security, affordability and climate change. Williams has the scale, the strategy and the impassioned workforce to drive significant change for our industry in the years ahead.”
Williams’ focus on sustainable performance ranked as follows in 2022:
To read the company’s latest Sustainability Report, visit https://www.williams.com/sustainability/
About Williams
As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas and other innovations at www.williams.com.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
NÜRTINGEN, Germany & AUBURN, Ala.--(BUSINESS WIRE)--ADS-TEC Energy (NASDAQ: ADSE), a leader in battery-buffered, ultra-fast-charging solutions, today announced it is establishing its first dedicated facility in North America in Auburn, Ala., bringing together sales, warehousing, service and assembly in the new location. The company expects its new site in the United States to be fully functional by 2024, expanding ADS-TEC Energy’s manufacturing to include both Germany and the U.S. ADS-TEC Energy plans invest $8 million and create approximately 180 jobs in the coming years associated with the new site, which will facilitate the expansion of e-vehicle charging infrastructure in the U.S.
“We’re excited to welcome yet another high-tech German company to Alabama,” Governor Kay Ivey said. “The partnership between German engineering and Alabama manufacturing has brought many innovative products to the North American market. We’re excited to add ADS-TEC Energy’s battery-buffered fast charging stations to that list, serving the quickly growing electric vehicle market.”
“The City of Auburn is grateful for the trust that Thomas Speidel and his team have in our community, and we will do everything we can to support ADS-TEC Energy in establishing a successful operation in Auburn,” Mayor Ron Anders said. “The assembling and servicing of innovative equipment for the emerging electric charging infrastructure market right here in Auburn will create well-paying and clean high-tech jobs for Auburn residents.”
Auburn, Ala.– important business location in the U.S.
Auburn, Ala. is an important business location in the U.S. Among others, companies from the aerospace sector are located there, including Airbus and NASA. Automotive leader Mercedes-Benz has been based in Auburn since 1993, followed by Honda, Hyundai and Toyota. It is also home to many small- and mid-sized, technology-based, value-added manufacturing companies in the automotive, distribution and technology-based industries. Auburn University is a training ground for talented professionals. The crew for NASA's current Artemis I lunar mission includes numerous Auburn University alumni. ADS-TEC intends to develop a cooperative program with Auburn University, providing students and new graduates with positions in production and management. It will also cooperate with Alabama-based companies, wherever possible.
ADS-TEC Energy ultra-fast charging systems - powerful, reliable and optimum TCO
With its ChargeBox and ChargePost systems, ADS-TEC has developed powerful, reliable technologies with an optimal long-term total cost of ownership (TCO). Both systems can be installed quickly and easily—connected to the existing, limited-power electrical grid, without requiring any expansion of the network—and offer the industry’s highest rates of ultra-fast charging. The company's latest ultra-fast charging solution, ChargePost, integrates two charging dispensers that combine power electronics, battery storage and air conditioning with up to two 75-inch displays in an extremely powerful, compact and quiet "all-in-one" system. ChargePost is available currently in Europe and will soon be available in the U.S.
ADS-TEC Energy Founder and CEO Thomas Speidel said, "We are very pleased to announce significant progress in the U.S. Having been listed on NASDAQ for less than a year, we already have a successful market presence in the Americas, and now are establishing a new location for sales, warehousing, service and assembly of our fast-charging systems in Auburn, supported by a strong economic environment driven by innovation and growth. We are very grateful for the intensive support of the local economic development agency and the State of Alabama, especially Governor Kay Ivey, and the open doors of the local decision-makers, who have given us constructive support. ADS-TEC is 'Engineered in Germany,' and we are proud to extend our quality products to the U.S.,” he added.
ADS-TEC Energy's charging technology was nominated for the German Future Prize in 2022 by the President of the Federal Republic of Germany and elevated to the "circle of excellence.”
About ADS-TEC Energy
ADS-TEC Energy plc, a public limited company incorporated in Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as a holding company for ads-tec Energy GmbH, our operating company incorporated in Germany (“ADSE GM”) and ads-tec Energy Inc., a US subsidiary of ads-tec Energy GmbH (“ADSE US” and together with ADS-TEC Energy and ADSE GM, “ADSE”). Based on more than ten years of experience with lithium-ion technologies, ADS-TEC Energy develops and manufactures battery storage solutions and fast charging systems including their energy management systems. Its battery-based, fast charging technology enables electric vehicles to ultrafast charge even on low powered grids and features a very compact design. The high quality and functionality of the battery systems are due to a particularly high depth of development and in-house production. With its advanced system platforms, ADS-TEC Energy is a valuable partner for automotive, OEMs, utility companies and charge-operators.
More information: www.adstec-energy.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. 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. These forward-looking statements include statements regarding our expectations with respect to future performance and the anticipated timing of certain commercial activities, such as the Company’s plans to invest $8 million and create about 180 jobs over the next two years, the Company’s timeline for the Auburn technology site to reach full capacity, the Company’s plans to make charging stations available in each state in the U.S. and the availability of the ChargePost in the U.S. in the future. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales to a limited number of customers for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe and the U.S.; the effects of competition; changes to battery energy storage standards; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2022, which is available on our website at https://adstec-energy.com/corporate-governance/ and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
Media:
For ADS-TEC Energy – Germany
Dennis Müller
SVP Product Marketing & Communication
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For ADS-TEC Energy – US
Barbara Hagin
Breakaway Communications
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Scott Gamm
Strategy Voice Associates
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Company’s breakthrough solar cells eliminate e-waste from disposable batteries, reduce supply chain emissions for connected electronics
SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Ambient Photonics will be at CES 2023 in Las Vegas, Nevada, January 5 - 8 at The Venetian Expo Center (Toscana 3802) to demonstrate how to decarbonize connected devices through real-world applications. Showcasing its novel low-light energy harvesting solar technology, Ambient will display proof-of-concept prototypes across a range of IoT, smart home, smart retail and industry 4.0 devices in partnership with the world’s leading IoT manufacturers.
“As we pioneer a new indoor energy harvesting market from the ground up, we recognize the importance of a proven, repeatable methodology for integrating energy harvesting technology into devices,” said Ambient CEO Bates Marshall. “Our mission at CES is to demonstrate this model and show how manufacturers are quantifiably reducing emissions while at the same time developing products that support sustainable living for consumers.”
Ambient’s expert engineers will share the design considerations, performance benefits and carbon lifecycle analyses of integrating its award-winning high power density PV cells into devices.
Ambient’s technology will also be on display at Universal Electronics Inc. (UEI) booth #52014 integrated into the new UEI ETERNA remote control. Leveraging Ambient’s innovations, the ETERNA captures power from low-light conditions, such as those in living and bedrooms, to dramatically reduce the products’ environmental footprint by eliminating battery waste. The ETERNA has won the 2023 CES Innovations Award, Honoree, further demonstrating both UEI and Ambient’s leadership in sustainability.
To schedule a meeting with Ambient Photonics at CES 2023, visit ambientphotonics.com/ces.
About Ambient Photonics
California-based Ambient Photonics was founded in 2019 to bring low-light energy harvesting technology to mass scale. Ambient’s technology originally developed at the Warner Babcock Institute for Green Chemistry, and funded at inception by Cthulhu Ventures LLC, is backed by leading investors like Amazon’s Climate Pledge Fund, Ecosystem Integrity Fund (EIF), Tony Fadell’s Future Shape and I Squared Capital. The company’s low-light solar PV cells deliver ground-breaking power density from a broader spectrum of ambient light, inspiring a new era in connected device form and function. Ambient works with leading global smart home and IoT device manufacturers on embedded solar cells to deliver superior design possibilities, performance, sustainability and consumer convenience. Explore endless power at: ambientphotonics.com.
Christine Bennett for Ambient Photonics
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 2, 2023, at 12:00 p.m. Eastern time to discuss fourth-quarter 2022 financial and operating results as well as 2023 guidance items. The company’s financial and operating results will be released before the market opens on Feb. 2.
To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day.
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About ConocoPhillips
ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $95 billion of total assets and approximately 9,400 employees at September 30, 2022. Production averaged 1,731 thousand barrels of oil equivalent per day for the nine months ended September 30, 2022, and proved reserves were 6.1 billion barrels of oil equivalent as of Dec. 31, 2021. For more information, go to www.conocophillips.com.
Dennis Nuss (media)
281-293-1149
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Investor Relations
281-293-5000
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