Innovative project to utilize company’s proven SynCORTM autothermal reforming (ATR) technology to deliver best-in-class performance
DONALDSONVILLE, La.--(BUSINESS WIRE)--Ascension Clean Energy (ACE), a joint venture led by Clean Hydrogen Works (CHW), announced today the selection of Denmark’s Topsoe to provide licensing, engineering, proprietary hardware, and catalyst to the planned world-scale clean energy production and export facility in Ascension Parish, Louisiana. ACE is expected to produce 7.2 million metric tons of clean ammonia annually with Topsoe’s integrated blue hydrogen and ammonia solutions, including state-of-the-art SynCOR™ autothermal reforming (ATR) technology. This industry-leading technology is targeting a reduction of up to 98 percent of all CO2, which is contracted to be permanently sequestered by Denbury Carbon Solutions.
“A technology leader in decarbonization, Topsoe’s scientific and technical knowledge, experience, and partnership mindset make them an ideal technology provider for hydrogen and ammonia production, as well as carbon capture for ACE. We are pleased to work together in leading the clean energy transition,” said project Senior Vice President and Chief Development Officer Vee Godley.
Topsoe is the world’s largest hydrogen and ammonia technology licensor with a proven track record. The company’s leading carbon capture capabilities are especially suited for production at large capacities and with high carbon capture requirements. This next-generation technology is well-proven and will deliver an integrated approach to blue hydrogen production and carbon capture for ACE. Optimized to ensure the most reliable and highest purity hydrogen, Topsoe’s innovative technologies also provide greater efficiency and flexibility, using the least amount of energy in ACE’s production process.
Peter Vang Christensen, Topsoe Senior Vice President Technology added, “We are delighted to have been selected to support this flagship project that will showcase not only Topsoe’s world leading hydrogen and ammonia technologies, but also ACE’s leading role in the energy transition to decarbonized fuels.”
The planned location for the ACE project is a 1700-acre industrial site on the West bank of the Mississippi River in Donaldsonville, Louisiana. This site is ideally located near feedstock pipelines and existing infrastructure, with direct access to the Mississippi River. The project is expected to create 350 permanent, full-time jobs.
A final investment decision regarding ACE is expected in 2024.
About ACE
Ascension Clean Energy (ACE) is an innovative joint venture project by Clean Hydrogen Works, Denbury Carbon Solutions and Hafnia to pursue the development of a world-scale, clean hydrogen-ammonia production and export project in Ascension Parish, Louisiana. With an expected production capacity of 7.2 million metric tons of ammonia annually, up to 98 percent of CO2 released from this process (12 million metric tons annually) would be captured for permanent sequestration. ACE is expected to create 350 permanent, full-time jobs, as well as generate significant economic impact for the area. A final investment decision is expected in 2024. For more information, visit www.cleanhydrogenworks.com/ascension-clean-energy.
About Topsoe
Founded in 1940, Topsoe is a leading global developer and supplier of decarbonization technology, catalysts, and services for the energy transition. Our mission is to combat climate change by helping our partners and customers achieve their decarbonization and emission-reduction targets, including those in hard-to-abate sectors such as aviation, shipping, and the production of raw materials. From carbon reduction chemicals to renewable fuels and plastic upcycling, we are uniquely positioned to aid humanity in realizing a sustainable future. Topsoe is headquartered in Denmark, with over 2,100 employees serving customers all around the globe. To learn more, visit www.topsoe.com.
ACE Media Contact
Lana Venable
225.328.8826
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DUBLIN--(BUSINESS WIRE)--The "Global Industrial Air Compressor Market by Product Type (Positive Displacement, Dynamic), Output Power (Up to 50 kW, 51-250 kW, 251-500 kW, & Above 500 kW), Seal (Oil-flooded & Oil-free), End-user, Design, Pressure, Coolant and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The industrial air compressor market is projected to reach USD 42.9 billion by 2026 from an estimated USD 32.7 billion in 2021, at a CAGR of 5.6% during the forecast period.
The oil-flooded segment, by seal type, is expected to be the largest market from 2021 to 2026
The seal type segment is categorized as oil-flooded and oil-free. The oil-flooded segment held the largest share of the industrial air compressor market. Oil-flooded compressors use oil to lubricate the air compression chamber, lubricate parts, and seal in the air.
They find increasing usage as they are more economical than an oil-free compressor and generally complete the compression process in a single stage. The compressor is commonly used in industries such as oil & gas, textiles, rubber and plastics, and metals and mining, where cleaner compressed air requirement is optional.
The positive displacement segment, by product type, is expected to be the largest market from 2021 to 2026
The positive displacement segment held the largest share of the industrial air compressor market. Positive displacement industrial air compressors can be bifurcated into reciprocating and rotary compressors.
Positive displacement air compressors are commonly used in construction, automotive and transportation, packaging, food & beverages, metals and mining, and other end-user industries. These sectors are expected to experience a growth in investments, propelling the demand for positive displacement air compressors.
Asia Pacific: The largest and the fastest-growing region in the industrial air compressor market
Asia Pacific is expected to dominate the global industrial air compressor market between 2021-2026. The growth of the regional market is driven by the increasing investments in LNG, chemicals, and mining along with the growth of the domestic manufacturing sector, including automotive and food & beverages.
Asia Pacific is experiencing rapid economic growth, and to meet its energy demand while adhering to decarbonization plans, it is witnessing a spike in investments in hydrogen energy as well as green energy sectors.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/46pw23
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WALTHAM, Mass.--(BUSINESS WIRE)--PerkinElmer Inc., (NYSE: PKI), a global leader committed to innovating for a healthier world, today announced that the Company will present at the annual J.P. Morgan Healthcare Conference on Tuesday, January 10, 2023 at 8:15 a.m. PT.
Prahlad Singh, president and chief executive officer, will provide an update on the Company and its strategic priorities.
To access the presentation, a live audio webcast will be available via this page. A replay of the presentation will be posted on the PerkinElmer Investor Relations website after the event and will be available for at least 30 days.
About PerkinElmer
PerkinElmer, Inc. is a global leader focused on innovating for a healthier world. The Company reported revenue of approximately $5 billion in 2021, has more than 16,000 employees serving customers in 190 countries, and is a component of the S&P 500 Index. Additional information is available at www.perkinelmer.com.
Investor Relations:
Steve Willoughby
(781) 663-5677
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Media Relations:
Chet Murray
(781) 663-5719
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DUBLIN--(BUSINESS WIRE)--The "Hydrogen Compressor Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global hydrogen compressor market.
The global hydrogen compressor market is expected to grow from $1.68 billion in 2021 to $1.8 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The market is expected to grow to $2.24 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%.
Companies Mentioned
Reasons to Purchase
The hydrogen compressor market consists of the sale of hydrogen compressor devices by entities (organizations, partnerships, sole proprietors), which increases the pressure of hydrogen by decreasing gas volume. The compression in hydrogen compressor is achieved by moving hydrogen through a compressor that decreases gas volume between the inlet and the discharge. The reduced volume results in compressed hydrogen or liquid hydrogen.
The main products in the hydrogen compressors market are oil-free and oil-based. The oil-free market consists of the sale of oil-free hydrogen compressors by entities (organizations, sole proprietors, partnerships), which are intended to compress hydrogen and the technology process does not require any oil vapours. The power ranges offered in hydrogen compressors include 0-100 HP and 101 HP to 200 HP and operate in either single-stage or multiple stages. These devices are used by end-users ranging from oil & gas, chemical, utility, refuelling stations, and others.
Asia Pacific was the largest region in the hydrogen compressor market in 2021. The regions covered in the hydrogen compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increasing demand for hydrogen from end-use industries is expected to propel the growth of the hydrogen compressor market. The end-use sectors such as household energy distribution companies, oil & gas, and power generation companies are increasingly investing in new hydrogen distribution and generation plants to meet consumer demand and government measures towards environmental pollution.
Technological advancements are a key trend in gaining an advantage in the hydrogen compressor market. The key players in the hydrogen compressor market are focusing on developing hydrogen compressors with innovative technologies to meet the technical demands of end customers such as hydrogen fuel stations, power generation industries and others. For instance, in November 2021, Burckhardt Compression AG, a Switzerland-based manufacturer of reciprocator compression systems, launched an oil-free hydrogen compression solution, designed for hydrogen trailer filling and fuel stations with higher mass flows.
In November 2021, Fluitron Inc., a USA-based manufacturer of industrial gas compression units acquired Bethlehem Hydrogen, a Pennsylvania-based provider of customer hydrogen compression, dispensing and storage systems, for an undisclosed amount. The acquisition by Fluitron Inc. is focused on building a global entity focused on developing and commercializing hydrogen infrastructure solutions.
The countries covered in the hydrogen compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
For more information about this report visit https://www.researchandmarkets.com/r/sjv7s9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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The partnership will provide a holistic solution to help investors on the journey to decarbonizing their portfolios and meeting global ESG disclosure requirements
SAN FRANCISCO & LONDON--(BUSINESS WIRE)--Watershed, the leading enterprise climate platform, today announced a strategic partnership with Novata, the leading ESG data management platform built for private markets, to provide private investment firms with a comprehensive ESG solution. The partnership enables customers to benefit from both Watershed’s deep climate expertise and Novata's breadth of ESG knowledge.
By partnering with Watershed, which gives investors a comprehensive view of their financed emissions, actionable pathways to net zero, and expert climate advisors, Novata clients will have a solution to help satisfy disclosure requirements and investor requests for ESG data transparency. Novata’s ESG data management platform serves thousands of companies owned by private equity, private credit, and venture capital companies.
“We are thrilled to partner with Novata to help more investors start the journey to decarbonize their portfolios. Private markets are key to the climate transition but have lacked rigorous, comprehensive tools to support this critical work. Together, Watershed and Novata enable effective climate action and substantive value creation for all private investors,” said Watershed co-founder Taylor Francis.
“We are very pleased to partner with Watershed to provide our shared customers with a holistic data solution that addresses both the breadth of the ESG data landscape, as well as the intricate process of collecting carbon accounting data all under one roof,” said Lorraine Spradley Wilson, Chief Impact Officer and Head of ESG at Novata. ”We are committed to helping our customers seamlessly fulfill ESG and carbon disclosure requests, and this partnership is a testament to executing on that mission.”
Watershed Finance analyzes financed emissions in minutes, with streamlined portfolio onboarding. Clients can then identify emissions hotspots, model decarbonization strategies, engage their portfolio companies, and meet global disclosure requirements. Watershed’s customers — totaling more than $18 trillion in assets under management — include Bain Capital, Thoma Bravo, Baillie Gifford, and other leading firms.
Novata provides customers with a clear on-ramp for selecting ESG metrics, painless data collection, and data insights and analytics tools to inform investment decisions. Novata is a public benefit corporation formed by the Ford Foundation, Hamilton Lane, S&P Global, Omidyar Network, and more than a dozen private equity firms and pension funds.
ABOUT WATERSHED: Watershed is the enterprise climate platform. Leading companies like Walmart, Airbnb, Stripe, Klarna, and Block use our software to run end-to-end climate programs with quantifiable results. Watershed delivers granular, audit-grade carbon measurement; one-click disclosure and reporting; and real emissions reduction—all in a single, intuitive, enterprise-grade software platform. Watershed customers have access to our exclusive marketplace of scientifically vetted, high-additionality carbon removal projects and high-quality offsets; in-house climate and policy expertise; and ongoing support throughout their climate journey. For more information, please visit https://watershed.com/.
ABOUT NOVATA: Novata is a public benefit corporation created to enable the private markets to achieve a more sustainable and inclusive form of capitalism. Novata helps private equity firms and private companies to navigate the complex ESG landscape more easily by providing a technology platform that simplifies the process of selecting reporting metrics, provides clear and simple guidance for painless data collection, hosts a cutting-edge secure contributory database to store data, and offers unique tools for analysis and seamless reporting to key stakeholders, including limited partners and regulators. Novata was formed as a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network and is majority-controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.
Watershed: Amelia Penniman (This email address is being protected from spambots. You need JavaScript enabled to view it.)
Novata: Katie Stueber (This email address is being protected from spambots. You need JavaScript enabled to view it.)
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the Goldman Sachs Global Energy and Clean Technology Conference on January 5, 2023 at 10:20 a.m. Eastern Time.
A live webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor:
Jay Wilson
(212) 536-8940
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Media:
Lorrie Hecker
(212) 536-8250
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MONTREAL--(BUSINESS WIRE)--$LMR.V #graphite--Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) announces the Company received TSX-V approval and closed its private placement. It has issued 18,625,000 flow-through units (the “FT Units”) at a price of $0.04 per FT Unit for aggregate gross proceeds of $745,000. The Company is pleased to have offered the 30% Critical Mineral Exploration Tax Credit, its second time in 2022, which was introduced to support specified critical minerals exploration expenditures incurred in Canada.
Each FT Unit consists of one common share that will qualify as a “flow-through share” within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) and one common share purchase warrant (a “Warrant”) with each whole Warrant exercisable at a price of $0.06 per share for a period of two years following closing.
An insider of the Company subscribed for 1,875,000 FT Units. As such, this participation constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the FT Units acquired by the insiders nor the consideration for the FT Units paid by such insiders, exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing date of the Offering as details of the respective participation of such insiders in the Offering was unknown at such time.
The Company has paid cash finder’s fees of $7,500.00 and will issue 187,500 non-transferable finder warrants exercisable at a price of $0.06 per share for a period of two years following closing.
The Company intends to use the gross proceeds of the flow-through private placement to incur Canadian Exploration Expenses and “flow-through mining expenditures” as defined in the Income Tax Act (Canada) and the Taxation Act (Québec) on the Company’s Laurentides regional graphite exploration program and the Bourier Lithium property, which will be incurred on or before December 31, 2023, and renounced with an effective date no later than December 31, 2022 to the subscribers of FT Units in an aggregate amount not less than the gross proceeds from the sale of the FT Units.
All the securities issued under the Offering are subject to a hold period of four months and one day expiring on April 20, 2023.
About Lomiko Metals Inc.
Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with a purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals. Lomiko is ECOLOGO certified.
The Company holds exclusive mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 76 minerals claims totaling 4,528 hectares (45.3 km2). Lomiko Metals published a Preliminary Economic Assessment (“PEA”) on September 10, 2021 which indicated the project had a 15-year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.
Mr. Mike Petrina, Project Manager, a Qualified Person (“QP”) under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release.
For more information on Lomiko Metals, review the website at www.lomiko.com
Contact Vince Osbourne at 647-528-1501
Belinda Labatte at 647-402-8379 or at 1-833-456-6456 or 1-833-4-LOMIKO
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Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" (“FLI”). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target", "implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this news release includes, but is not limited to: the Company’s objective to become a responsible supplier of critical minerals, exploration of the Company’s projects, including expected costs of exploration and timing to achieve certain milestones, including satisfactory completion of due diligence and ability to reach an agreement with third party owners in connection with projected acquisitions, timing for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company’s business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company’s current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: potential of future acquisitions presently evaluated by the Company; current market for critical minerals; current technological trends; the business relationship between the Company, local communities and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company’s competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.
The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the “Forward-Looking Statements” section contained in the Company’s most recent management’s discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com, and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.
For more information, please contact:
Lomiko Metals Inc.
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1-833-456-6456
TORONTO--(BUSINESS WIRE)--Lafarge Canada has been consistently advancing in their journey to Net-Zero and today, the largest provider of sustainable and innovative building solutions in Canada, is proud to announce the full transformation of the Brookfield Cement Plant’s cement production in Nova Scotia to a greener portfolio. From now on, the site’s production of general use cement (GU) ends and will shift to reduced carbon portland limestone cement - branded as OneCem - the company’s eco-efficient alternative. Brookfield is Lafarge’s third cement plant to be converted in 2022 and the first Atlantic Market plant to convert - the others being the Bath Cement Plant (ON) in June and the Richmond Cement Plant (BC) earlier this year, in March.
OneCem is a sustainable product that presents up to 10% lower CO2 emissions while providing the same performance and durability. “We have been steadily moving the needle forward when it comes to cement decarbonization and we will continue to honour our commitment in progressing our greener portfolio in Eastern Canada over the coming years. For us at Lafarge Canada, sustainability and profitability go together - our main goal is to keep partnering with our customers to advance sustainable construction and, at the same time, provide innovative world-class products,” commented Andrew Stewart, Vice President, Cement, Lafarge Canada (East).
According to Robert Cumming, Head of Sustainability & Public Affairs, Lafarge Canada (East), “Over the last four years, we avoided more than 140,000 tonnes of CO2 by converting GU cement to OneCem in our plants across Canada - the equivalent to taking 42,891 cars off the road, which would have consumed 59,640,854 liters of gasoline. With the recent cement production conversion of the Brookfield Plant, the Bath Plant in June, and Richmond Plant in March, these numbers will continue to grow.”
“We are excited to take our plant to the next level of decarbonization. Our teams on the ground have been successfully showcasing our company’s values of passion, collaboration, and grit, and we couldn’t be prouder. This is a very important milestone in our Net-Zero journey in Nova Scotia and in Canada as a whole,” affirmed Travis Smith, Plant Manager, Brookfield Cement Plant.
The portland limestone cement, OneCem, contributes to lowering the industry’s carbon footprint not only during the manufacturing process - while cement may be as little as 11% of a concrete mix, it can account for more than 80% of all energy required to produce concrete. Across Canada, Lafarge has produced over 6 million metric tonnes of OneCem since 2011, and users can be confident in its performance while reducing the carbon footprint in the built environment and community.
Quick Facts
Associated links
https://onecemcement.com/
https://www.lafarge.ca/en
Greenhouse Gas Equivalencies Calculator | Natural Resources Canada
About Lafarge Canada Inc.
Lafarge is Canada’s largest provider of sustainable and innovative building solutions including Aggregates, Cement, Ready Mix and Precast Concrete, Asphalt and Paving, and Road and Civil Construction. With over 6,900 employees and 400 sites across the country, we provide green products to build the infrastructure and communities where Canadians live and work.
As a member of Holcim Group, our purpose is to build progress for people and the planet.
For media inquiries:
Anna Salomao
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ROCKVILLE, Md.--(BUSINESS WIRE)--#cleanenergy--Savvy business decisions, operational integrity at every level, partnerships with like-minded companies and favorable federal and state-level policies helped Standard Solar experience another year of landmark accomplishments in 2022.
“We are well-positioned for accelerated growth in 2023 thanks to the momentum generated by our success in 2022,” said Scott Wiater, CEO and president of Standard Solar. “We will not rest on our laurels, though. We’ll strive to be an even stronger leader in the industry by tirelessly working to transition the country to clean energy and providing affordable, cleaner electricity to people throughout the United States.”
Highlights in 2022 included:
Finalizes Acquisition by Brookfield Renewable to Ensure Expansion
In September, Standard Solar was acquired by Brookfield Renewable, one of the world’s largest publicly traded, pure-play renewable power platforms with a generating ability of nearly 24,000 megawatts (MW). The acquisition, which allows Standard Solar to operate independently, gives the solar company freedom to grow its workforce and projects thanks to Brookfield Renewable’s access to large-scale capital and expansive supply chain, and deep industry experience and expertise.
Growth at Every Level in 2022
Standard Solar is over 120 people strong and counting. In 2022, the company added a wide variety of positions to its dynamic and diverse team, from technicians to senior-level executives, due to the increasing demand for solar energy. Hiring remains ongoing, and the company expects to increase its workforce in 2023.
Rapidly Expanding Portfolio, Extends into New Market
Standard Solar continued to expand its national footprint with projects in the more than 20 states where they already have a presence, 280 MW in long-term asset ownership and more than 200 successful projects. The company further added to its ownership portfolio in a new state, Idaho, by acquiring a 28.5 MW fully functional commercial array in Mountain Home, one of the largest acquisitions for the company to date. Standard Solar contracted over 100 MWs in 2022 and has a robust development pipeline and a strong team to execute on significant growth opportunities across several high-value solar markets in the U.S. in years to come.
High Rankings on Solar Power World Lists
Among industry rankings in 2022, Standard Solar earned the number 3 commercial contractor spot on Solar Power World’s annual Top Solar Developers list and the number 37 spot out of 411 solar companies on the Top Solar Contractors list. Part of the criteria for placement is kilowatts installed in the previous year; Standard Solar installed 134,746.45 kW in 2021. Solar Power World is regarded as a premier media outlet for the U.S. solar market.
Inflation Reduction Act (IRA) Reinforces Renewables
Signed into law by President Biden in August, the IRA is intended to bolster the renewable energy industry with substantial tax breaks and incentives as the industry leads the country in the transition to clean energy. Solar and other renewable energy companies, underserved communities, homeowners, consumers and the environment stand to benefit from the IRA. Standard Solar is in a good position to receive tax breaks for projects underway and in the pipeline.
Portfolio Achieved High Rankings by Wood Mackenzie
In 2022, Standard Solar was ranked as the fifth largest portfolio owner of commercial solar by Wood Mackenzie, one of the world’s leading research and consultancy firms for the energy, chemicals, metals and mining industries.
Earns Great Place to Work Certification
Knowing a healthy company environment yields the best results, Standard Solar asked Great Place to Work, a global authority on workplace culture since 1992, to survey its employees. The majority of Standard Solar employees (87 percent) rated the company as a great place to work, compared to just 57 percent of employees at a typical U.S. company. In the survey, employees ranked Standard Solar high — 94 percent and higher — for responsibility assigned, management integrity, professionalism, care for others and reasons for telling others they’re proud to work at Standard Solar.
Diversity, Equity, Inclusion and Justice Efforts Receive Bronze from SEIA
Standard Solar was also awarded Bronze Certification by the Solar Energy Industries Association for its work on diversity, equity, inclusion and justice (DEIJ) in the workplace. The DEIJ Certification Program Company allows SEIA members to showcase their DEIJ progress and rewards their performance in various programs, training and resource development. Company leadership recognizes that diversity at every level needs to be a part of the organization to have an impact.
A Variety of Key Projects Through Collaboration are Completed
In conjunction with partners, Standard Solar completed and acquired a solar + storage project for the Acton Water District in Massachusetts. The system is an innovative 4.69-megawatt (MW) solar and 4-megawatt hour (MWh) storage project, which helps customers minimize their reliance on non-renewable sourced energy during evening hours.
In the spring, Standard Solar, along with partners, completed an 11.52 MW solar project that serves members of the Tri-County Energy Consortium, which includes 28 New York municipalities and school districts in Jefferson, Lewis and St. Lawrence counties. Members of the consortium are anticipated to save between $400,000 and $500,000 annually on energy costs.
In the summer, Standard Solar completed a multi-pronged project for The Center School, which serves the needs of special education students in New Jersey, consisting of roof restoration with a solar installation on its rooftop, a newly paved parking lot and a solar carport. Because the school’s budget was limited, Standard Solar covered much of the cost through the Power Purchase Agreement (PPA). The 611-kilowatt rooftop and carport array are expected to save the school $30,000 annually.
Standard Solar and partners completed a 7.1 MW single track axis array in York, NY, in the fall. Dedicated to Thomas Guzek, renewable energy advocate and founder of SolarPark Energy, the community solar farm will benefit hundreds of residents in the area.
Standard Solar completed its first community solar project in Oregon in December. The project, in Clackamas County, generates 3.6 million kilowatt hours annually for residents and large, iconic corporations including Microsoft, Nike and others. With Oregon mandating that 50 percent of its electricity comes from renewable sources by 2040, Standard Solar has more projects in the pipeline for the state.
Also completed in the fall was the 17th of 20 solar sites on the campus of Colorado State University. The project, which totals 4.25 MW at present, will help the university reach its goal of meeting its electrical needs with 100 percent renewable energy by 2030 and becoming carbon neutral by 2040.
“Smart business decisions, valuing each and every one of our employees and collaborating with the right partners contributed to another banner year for Standard Solar,” Wiater said. “What we’ve accomplished in 2022 has become part of our playbook, which we’ll use to expand on our success in the future.”
About Standard Solar
Standard Solar, a Brookfield Renewable company, is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 18 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 300 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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DUBLIN--(BUSINESS WIRE)--The "Chlorine Compressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global chlorine compressors market size reached US$ 66.5 Million in 2021. Looking forward, the publisher expects the market to reach US$ 81.8 Million by 2027, exhibiting a CAGR of 3.51% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Chlorine compressors are mechanical equipment used for compressing chlorine in solid or liquid forms. Some of the commonly used variants include centrifugal, reciprocating and liquid ring chlorine compressors. The compressor units are arranged parallelly and have a separate start-up by-pass line for gas circulation between suction and discharge points.
The chlorine gas is produced by the process of electrolysis, the gas enters the compressor to initiate the compression and liquefaction process. Once compressed, the gas is then liquefied through cooling. The obtained chlorine is further used as a bleach in the manufacturing of cloths, papers, solvents, pesticides, synthetic rubbers and refrigerants. As a result, chlorine compressors find extensive applications in oil refineries, chemical manufacturing units and petroleum plants.
Chlorine Compressors Market Trends:
Significant growth in the chemical industry across the globe is one of the key factors creating a positive outlook for the market. Chlorine compressors are extensively used in manufacturing plants to regulate the pressure and ensure controlled flow of chlorine. Moreover, the widespread adoption of chlorine as an essential ingredient to produce organic and inorganic chemicals used in paper and pulp production, is providing a thrust to the market growth.
The compressors are also used for the manufacturing of caustic soda and other chlorine and sodium-based derivatives, such as sodium hypochlorite, poly aluminum chloride, bleaching powder and chlorinated paraffin. In line with this, the launch of novel compressor variants that are integrated with additional filtration units is also contributing to the growth of the market. Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global chlorine compressors market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and application.
Breakup by Product:
Breakup by Application:
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Chlorine Compressors Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/j2zseb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LAS VEGAS & OSAKA, Japan--(BUSINESS WIRE)--Sharp Corporation (TOKYO:6753) is set to return to CES 2023 with an advanced technologies and products that embody the company’s ESG-focused management under the four themes of New Energy, Automotive, AR/VR, and TV.
Location of Sharp Booth:
Petrus Ballroom, Wynn Las Vegas Hotel
3131 Las Vegas Blvd., Las Vegas, NV 89109, U.S.A.
Exhibit Dates and Time:
January 5 to January 8, 2023 (Thursday to Sunday); 10 a.m. – 5 p.m.
Sharp will unveil for the first time outside of Japan the LC-LH (Liquid and Crystal Light Harvesting), an indoor photovoltaic device developed by integrating dye-sensitized solar cells and LCD technology. Sharp will also exhibit perovskite solar cells, which are attracting attention as the next generation of solar cells.
Passenger Information Display utilizing viewing angle control will be introduced as advanced automotive devices. Compound photovoltaic module with the world’s highest*1 conversion efficiency is expected to be installed on vehicles such as EVs, as well as used in aerospace and aviation applications.
Ultra-lightweight head-mounted displays prototype for VR equipped with its latest devices, such as an ultra-high-resolution display, ultra-high-speed autofocus camera, and ultra-compact proximity sensor would be displayed at AR/VR corner.
Visitors can experience a new generation of images with outstanding brightness and color expression created by mini LED backlighting and quantum-dot technology for the flagship AQUOS XLED TV model for the global market. In addition, Sharp will unveil a prototype of one of the world’s largest*2 120-inch model*3 for the first time.
About Sharp
Sharp Corporation is a worldwide developer of innovative products and core technologies that play a key role in shaping the future of electronics. Also with high technology at their core, Sharp have developed many “world-first”, “Japan-first”, and “industry-first”, hardware and devices. Being the origin of countless innovations, through these developments, Sharp will continue to revolutionize the world. Sharp Corporation employs 48,165 people around the world (as of September 30, 2022) and recorded consolidated annual sales of 2.5 trillion yen for the fiscal year ended March 31, 2022.
*1 As of December 15, 2022, for photovoltaic modules at the research level (according to Sharp findings) |
*2 As of December 15, 2022, for LCDs equipped with mini LED backlights (according to Sharp findings) |
*3 The 120-inch AQUOS XLED is not equipped with a tuner for receiving TV broadcasts. |
Sharp Corporation
PR/Branding Team
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AI Clearing formed a long-term partnership with PCL Solar to provide a suite of digital tools facilitating and accelerating project supervision, quality control, commissioning, and handover activities across PCL’s entire portfolio of solar projects.
AUSTIN, Texas--(BUSINESS WIRE)--AI Clearing is pleased to announce a multi-year partnership with PCL Construction’s Solar Division. This partnership will launch the next step in managing solar work with production tracking, quality checks, commissioning, and tracking key performance indicators with its AI Surveyor™ solution.
“We are very excited about this partnership with AI Clearing,” says Andrew Moles, Solar General Manager for PCL. “We believe the combination of their amazing technical expertise with our wealth of construction experience will change how solar facilities are built, commissioned and managed.”
Today, many parts of the solar lifecycle could be much more efficient. AI Clearing’s proprietary solution provides significant practical benefits such as increased efficiency, reduced surveying costs and mitigated construction-related risks. Taking advantage of this technology is a huge benefit as well for our valued clients as explained in this video.
“It is amazing to see such deep tech solution being quickly and safely deployed with PCL,” says Adam Wiśniewski, CTO for AI Clearing. “Especially the combination of all aerial data with our OnSite app is proving to be super powerful for end users.”
About AI Clearing
AI Clearing was founded in 2019 and is headquartered in Austin, Texas. Apart from the US location, their Research & Development hub is located in Warsaw, Poland. AI Clearing enhances trust and productivity in the construction industry using Artificial Intelligence to automate progress, quality tracking, and commissioning. The AI Surveyor™ platform allows for real-time construction progress tracking and red flags identification, generating trustworthy reports covering 100% of the construction site area.
About PCL Construction
PCL is a group of independent construction companies that carries out work across Canada, the United States, the Caribbean, and in Australia. These diverse operations in the civil infrastructure, heavy industrial, renewable energy, and buildings markets are supported by a strategic presence in more than 30 major centers. Together, these companies have an annual construction volume of more than $8 billion, making PCL the largest contracting organization in Canada and one of the largest in North America.
AI Clearing
Patryk Pilipczuk
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HOUSTON--(BUSINESS WIRE)--PNC Bank, National Association, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), today declared a monthly cash distribution to the holders (the “Unit Holders”) of its units of beneficial interest (the “Units”) of $4,488,193.46 or $0.096295 per Unit, based primarily upon the reported production of the Trust’s subject interests (the “Subject Interests”) during the month of October 2022. The distribution is payable January 17, 2023, to the Unit Holders of record as of December 30, 2022.
For the production month of October 2022, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $6,052,622 ($4,539,467 net royalty amount to the Trust).
Hilcorp reported $9,458,334 of total revenue from the Subject Interests for the production month of October 2022, consisting of $9,801,968 of gas revenues, $153,547 of oil revenues and other revenues of $(497,181) related to a correction to the prior month’s settlement differences and related interest. Hilcorp has informed the Trustee that it has implemented additional controls to enhance the reporting process and reduce the need for future corrections. For the Subject Interests, Hilcorp reported $3,405,712 of production costs for the production month of October 2022, consisting of $2,081,343 of lease operating expense, $1,212,137 of severance taxes and $112,232 of capital costs.
Based upon the information that Hilcorp provided to the Trust, gas volumes for the Subject Interests for October 2022 totaled 2,074,030 Mcf (2,304,478 MMBtu), as compared to 1,995,001 Mcf (2,216,668 MMBtu) for September 2022. Dividing gas revenues by production volume yielded an average gas price for October 2022 of $4.73 per Mcf ($4.25 per MMBtu), as compared to an average gas price for September 2022 of $7.32 per Mcf ($6.59 per MMBtu).
Production from the Subject Interests continues to be gathered, processed, and sold under market sensitive and customary agreements, as recommended for approval by the Trust’s Consultant. The Trustee continues to engage with Hilcorp regarding its ongoing accounting and reporting to the Trust, and the Trust’s third-party compliance auditors continue to audit payments made by Hilcorp to the Trust, inclusive of sales revenues, production costs, capital expenditures, adjustments, actualizations, and recoupments. The Trust’s auditing process has also included detailed analysis of Hilcorp’s pricing and rates charged. As previously disclosed in the Trust’s filings, these revenues and costs (along with all costs) are the subject of the Trust’s ongoing comprehensive audit process by our professional consultants and outside counsel to ensure full compliance with all the underlying operative Trust agreements and evaluating all available potential remedies in the event there is evidence of non-compliance.
Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
San Juan Basin Royalty Trust
PNC Bank, National Association
PNC Asset Management Group
2200 Post Oak Blvd., Floor 18
Houston, TX 77056
website: www.sjbrt.com
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ross Durr, RPL, Senior Vice President & Mineral Interest Director
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
DUBLIN--(BUSINESS WIRE)--The "The Global Methane Pledge and the Rising Energy Risks Drive US Landfill Gas Management Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
The possibility of generating energy through landfill gas is an opportunity that has been gaining momentum in recent years. In 2018, the United States generated 292.4 million tons of waste, 146.1 million tons of which were sent to landfills. These landfills are one of the main emitters of methane in the country, a greenhouse gas with a much higher heating capacity than carbon dioxide (CO2).
The collection of the gas generated in landfills represents a unique opportunity; when captured, methane can be used as a renewable fuel for power generation and heat application in different industries as well as a vehicle fuel.
With plans to reduce greenhouse gas emissions, rising new investments, increase emphasis on circular solutions, and the rising interest in renewable energy sources, opportunities in the US landfill gas management market will continue to increase. With projects to upgrade the gas collected from landfills into renewable natural gas, the possibility of migrating to green energy is gaining momentum.
This study identifies the companies to watch in the US landfill gas management market and analyzes the factors that will drive and restrain its growth. It focuses on landfill operation and management, landfill gas collection and filtration technology, renewable power and fuel generation, and renewable fuel segments. The study provides revenue forecasts and forecast analyses and determines the growth opportunities that will emerge from this space that market participants can leverage. The base year is 2022, and the forecast period is from 2023 to 2032.
Growth Opportunities
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. Growth Opportunity Universe
4. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/pgdbz3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson” or “Kayne”) is excited to announce the launch of The Kayne Anderson Renewable Infrastructure Index (Ticker: KRII), created in collaboration with S&P Dow Jones Indices.
Rapid growth in renewable energy has led to rapid growth in the universe of publicly traded companies that own, operate and develop renewable infrastructure. Much like Kayne Anderson helped establish master limited partnerships, or “MLPs”, as an asset class two decades ago, Kayne is seeking to define the renewable infrastructure sector as a distinct asset class for investors. Like other areas of the energy infrastructure industry, Kayne believes renewable infrastructure has many favorable attributes that should resonate with investors. Kayne began investing in listed renewable infrastructure in 2013 and established its first dedicated renewable infrastructure fund in 2017. Today, Kayne manages approximately $1.5 billion in listed renewable infrastructure, making it one of the largest managers in this rapidly growing sector.
The Kayne Anderson Renewable Infrastructure Index (ticker: KRII) is a modified floated-adjusted market cap weighted index comprised of publicly traded companies which derive the majority of their revenues from renewable energy infrastructure and related businesses, and stand to benefit from the transition towards emission-free energy sources, such as wind, solar and energy storage.
“Kayne is very excited to launch KRII. Renewable infrastructure is one of the most attractive investment opportunities in the global infrastructure sector and this index helps define the universe of publicly traded companies,” said J.C. Frey, Co-Head of Kayne’s renewable infrastructure strategies. “The energy transition is a global megatrend that will benefit the renewable infrastructure sector for the next several decades. In addition to the sector’s investment attributes, we are proud to invest in companies that are providing the infrastructure to transition the world to renewable energy.”
“While it is clear investors are interested in renewable energy, until now there has not been a transparent index to define the opportunity set for listed renewable infrastructure companies,” said Jim Baker, Co-Head of Kayne’s energy infrastructure platform. “Just like Kayne Anderson helped establish the MLP sector, Kayne is proud to collaborate with S&P Dow Jones Indices to launch what we believe will be the index that helps define the sector as an asset class.”
“It is clear the world needs both renewables and traditional energy to power the global economy,” said Al Rabil, CEO of Kayne Anderson. “Kayne Anderson has a long track record of success in the energy industry. Today’s announcement is a continuation of our leadership role in providing best-in-class investment alternatives for investors in the energy infrastructure industry.”
“S&P Dow Jones Indices is honored to expand its relationship with Kayne Anderson,” said Michael Mell, Senior Director, Product Management, Custom Indices at S&P Dow Jones Indices. “As a calculation agent, S&P DJI enables customers like Kayne Anderson to leverage our depth of experience as an independent global index provider in order to build customized index-based concepts that are in turn used to deploy a specialized, proprietary index-based investment strategy.”
About Kayne Anderson:
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on renewables, infrastructure/energy, real estate, credit, and growth capital. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages over $34 billion in assets for institutional investors, family offices, high net worth and retail clients and employs 325 professionals in five core offices across the U.S.
For more information, please visit www.kaynecapital.com
Paul Blank (310-284-6410)
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New hires take steps toward becoming full-time lineworkers
CHICAGO--(BUSINESS WIRE)--ComEd leaders today joined IBEW Local 15 and members of the community to recognize 121 local residents as they graduated from training programs required to become full-time lineworkers with ComEd. Graduation events held by the company today recognized newly hired pre-apprentices now on track to begin an overhead apprenticeship school in 2023. This on-the-job training is a requirement for performing the role of a lineworker, a key role helping to ensure reliable power is safely delivered to communities across northern Illinois.
Today’s graduation represents one of the largest overhead classes in recent history, as ComEd has expanded investments in training and committed to hire hundreds of additional entry-level craft workers in the next couple of years to prepare for the state’s clean energy transition.
“ComEd is working to ensure that as we grow and move toward a clean energy future, we are creating equitable opportunity for diverse, local talent to join our company and to play a role in addressing climate change,” said Terence Donnelly, president and COO of ComEd. “Congratulations to our newest class of overhead trainees for taking essential steps forward in your career journeys, and for your dedication to this challenging yet rewarding work to deliver safe, reliable and resilient power to all our northern Illinois communities in the years ahead.”
Today’s graduates have completed required skills training across the company’s three regional facilities: the Chicago Training Center, the Joliet Training Center, and the Rockford Training Center. ComEd craft trainees receive competitive pay of $29 an hour on average at the time of their hire and are paid during their training. More information on the training progression for entry-level craft roles can be found here.
The latest class of graduates is diverse with more than 32 percent minorities, 12 percent Veterans, and an increase in female hires to join the workforce as well. Additionally, graduates hail from all corners of the service region, representing 89 unique zip codes from across northern Illinois.
Working with ComEd, we are committed to building a diverse talent pipeline to prepare residents for the growing numbers of clean energy jobs in Illinois,” said Terry McGoldrick, President of IBEW Local 15. “By expanding access to our apprenticeship training programs, we’re working to invite more men and women of all backgrounds to learn a skilled trade that will be critical to powering communities, and the economy, for years to come.”
New entry-level craft positions – including the overhead helper position and other entry-level union roles – will play a key role in building and operating a more resilient grid that can withstand increasingly severe weather and meet the increased demand for renewable energy and electric vehicles. Jobs in the clean energy space are on the rise today, as Illinois transitions to a clean energy future and as the energy industry outpaces growth of other industries nationally, adding more than 300,000 jobs last year alone (USEER 2022).
To prepare to meet these demands, ComEd has been working to expand the reach of its career readiness programs, including hosting more frequent climb clinics, expanding test prep, and boosting capacity of its apprenticeship schools to reach more residents interested in careers in utilities. As a result, ComEd has nearly doubled participation in the overhead apprenticeship program in the past two years.
Since announcing it would expand craft hiring earlier this year, ComEd has extended hiring offers to over 200 candidates for roles including overhead helpers, as well as construction workers. As interest in craft careers at ComEd has increased, so too has diversity: More than 75 percent of applications to craft roles in 2022 were for minority candidates, and 15 percent for women. This record level of diversity follows on efforts by the company to bolster outreach and recruitment in communities across the service territory, and to reduce barriers to help more qualified applicants get the training they need to compete for these new careers.
For more information on how ComEd is helping job seekers prepare for entry-level craft roles, please visit www.comed.com/cleanenergyjobs.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd
Media Relations
312-394-3500
DUBLIN--(BUSINESS WIRE)--The "Microporous Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global microporous insulation market size reached US$ 148.1 Million in 2021. Looking forward, the publisher expects the market to reach US$ 192.5 Million by 2027, exhibiting a CAGR of 4.47% during 2021-2027.
Microporous insulation is a composite material available in compact powder or fiber form with opacifiers. It offers compressive strength, minimal thermal shrinkage, excellent fire barrier, and resistance to liquids, vibration, and chemicals. As it is inorganic and non-combustible, it is considered suitable for passive fire protection applications.
Besides this, it is widely used in refining and petrochemical manufacturing plants for industrial process piping and equipment. It is also utilized in filler material for mattresses, cassettes, heat shields, and expansion joints across the globe.
Microporous insulation is used in the nuclear steam supply system (NSSS) to control the heat of various elements, including reactors, pipes, pumps, and valves. The growing demand for nuclear energy due to the increasing consumption of electricity, along with the rising concerns about environmental pollution and climate change, acts as a major growth-inducing factor.
Moreover, the increasing air traffic is catalyzing the demand for microporous insulation for heat shields and protection of data recorder boxes of airplanes.
The rising exploration of oil and gas activities to deep-water areas is also promoting the use of microporous insulation in subsea pipelines. Apart from this, it is employed in the automotive industry to meet specified heat loss requirements. As microporous insulation is environmental-friendly, it is gaining traction in road, marine, and railway applications. Furthermore, its escalating demand in the energy and power, aerospace, and defense sectors is strengthening the market.
Additionally, major market players are investing in research and development (R&D) activities to develop innovative product variants and meet constantly changing consumer needs. They are also offering high-quality acoustic insulation, which is anticipated to propel the growth of the market.
Companies Mentioned
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global microporous insulation market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, product and application.
Breakup by Material:
Breakup by Product:
Breakup by Application:
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/non64g
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today released the following statement regarding its clean energy investments in Massachusetts and the path forward for the Commonwealth Wind project.
“We are proud that our joint venture, the nation-leading Vineyard Wind 1 project, will bring 800 Megawatts (MW) of offshore wind to and create 3,600 jobs for Massachusetts. The project has achieved material milestones, including the securing of 62 GE Haliade-X turbines, receipt of all federal, state, and local permits, and commencing of undersea cable installation. We’re projecting delivering first power to the grid late 2023, achieving Commercial Operation in 2024. And recently, we announced that AVANGRID will lead the operations and maintenance of the project, tapping into our global expertise to become the first offshore O&M operator in the U.S. We are proud that Vineyard Wind 1 is a turning point moment for the U.S. and launches a brand new American clean energy industry that will create thousands of jobs, improve our energy security, and help address the climate emergency.
In addition to Vineyard Wind 1, AVANGRID has also invested in the New England Clean Energy Connect (NECEC) hydroelectric line, and the Commonwealth Wind project, bringing its total of proposed investment in the region to $10 billion – demonstrating the company’s steadfast commitment to helping Massachusetts meet its nation-leading climate and clean energy goals We continue to battle incumbent energy interests, including fossil fuel opposition, to bring the 1200 MW cost-effective NECEC hydroelectric project forward.
Regarding Commonwealth Wind, we know how important this project is to ensure that Massachusetts can meet its climate goals, have cost-effective pricing for ratepayers, and jump start economic development, including the redevelopment of Salem Harbor as an offshore wind marshalling port and the development of a cable manufacturing facility at Brayton Point. We have a path forward to ensure that we can finance and build this project to deliver 1200 MW of emissions free, cost-effective energy resources, helping Massachusetts achieve the state’s climate law and targets for 2030. Despite unprecedented challenges in the global economy in the form of supply chain disruptions, historic levels of inflation, and rising interest rates, AVANGRID has engaged in good-faith and productive discussions with Massachusetts state officials regarding these challenges and the need to restore the project to economic viability. AVANGRID appreciates their engagement as we worked to find a path forward for the project having invested millions of dollars already in its permitting and development. As building Commonwealth Wind remains our objective, AVANGRID has been disappointed in the Electric Distribution Companies’ refusal to immediately engage on this matter.
To advance this project as expeditiously as possible, AVANGRID today filed a motion with the DPU to dismiss its review of the Commonwealth Wind contracts, which will allow all parties an opportunity to pursue an expedient path forward – opening the path to inclusion of the 1200 MW in the upcoming offshore wind solicitation slated for April 2023. With this step, a competitive process that accounts for the unprecedented changes will ensure that a clean energy project can be built to serve the Commonwealth’s energy needs. AVANGRID is committed to bidding Commonwealth Wind into that solicitation, and has the utmost confidence, given the advanced stage of the project and its inherent benefits, that it can address the current economic challenges facing the project and offer the most cost-effective pricing; a superior timeline for completion that positions Massachusetts to meet its ambitious 2030 climate target; and the creation of thousands of jobs and transformational economic development opportunities.
We thank the Baker Administration, the Attorney General’s Office, and the incoming Administration of Governor-elect Maura Healey for their work on behalf of the people of the Commonwealth. We are proud of the remarkable partnership we have built with Massachusetts as we work together to launch a nascent offshore wind industry for the United States, and we remain committed as ever to reinforcing our bond and advancing our shared goal of a better, brighter clean energy future.”
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
MEDIA:
Kim Harriman
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203-343-4481
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today launched a proof of concept ("PoC") project with Vantage Towers Greece (“Vantage Towers”) to replace diesel generators with fuel cells. Vantage Towers Greece is the largest and only independent tower infrastructure company in Greece, operating more than 5,250 towers for Vodafone Greece and Wind Hellas. By replacing diesel generators with fuel cells at non-permanent sites that are not connected to the power grid, they can be supplied with electricity even more environmentally friendly.
Under the PoC, Vantage Towers Greece, a subsidiary of Vantage Towers Group, one of Europe's leading tower companies, will explore the applicability of Advent's Serene biomethanol-powered fuel cell systems as back-up and primary power sources for its telecom towers. This new collaboration is particularly aligned with the overall strategy of Vantage Towers, which aims to drive sustainable digitalization in Europe by reducing carbon emissions across their network by using clean energy solutions. Following the successful completion of the PoC project in Greece, Advent and Vantage Towers could consider wider deployments.
Liquid biomethanol as a carrier of hydrogen allows for easier transportation, logistics and storage compared with hydrogen gas, and enhances the safety of operations by simultaneously achieving more than 80% CO2 emissions reduction compared to diesel generators. Key advantages of using Advent's methanol-powered fuel cells include:
In addition, Advent fuel cells can operate across a range of conditions, such as weather, ambient temperatures from as low as -20°C and up to +50°C, and work in humid and polluted environments. Advent has already installed approximately 500 methanol-powered Serene fuel cell systems in the Asian market, primarily used as back-up and primary power source for the telecommunications sector.
Athanasios Exarchos, Chairman & Managing Director of Vantage Towers Greece, stated: "Operating more than 5,250 towers in Greece and constantly expanding our presence, at Vantage Towers we work every day to connect people, businesses, and devices in Greek cities, islands and rural areas, making a significant contribution to a better-connected Europe. Vantage Towers is highly interested in using fuel cells to drive carbon emissions reductions in the European telecom sector as back-up and primary power source. We look forward to the successful completion of this PoC project and the continuation of our collaboration with Advent, as it will further enhance the Group’s goal to continue supporting partners through technological innovation in decarbonization and achieving their climate goals."
Dr. Vasilis Gregoriou, Advent Technologies Chief Executive Officer & Executive Chairman of the Board, commented: "Regardless of the location, I strongly believe that fuel cells are the most appropriate solution when there is a need for uninterrupted and sustainable back-up power, particularly for off-grid locations. We are delighted that Vantage Towers Greece has recognized the great potential that Advent's biomethanol-powered fuel cells hold for decarbonizing their operations. We truly hope this is the beginning of a long and fruitful collaboration that will allow us to lead in the decarbonization of the telecommunications sector in Europe."
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine and power generation sectors.
Contact:
For more information contact Elisabeth Maragoula/Michael Trontzos (This email address is being protected from spambots. You need JavaScript enabled to view it.) or visit www.advent.energy.
About Vantage Towers
Vantage Towers is a leading tower company in Europe with around 83,000 sites in ten countries, connecting people, businesses and devices in cities and rural areas.
The company was founded in 2020 and is headquartered in Düsseldorf. Vantage Towers has been listed on the Deutsche Börse’s Prime Standard in Frankfurt since 18 March 2021. The shares are included in the MDAX, TecDAX, STOXX Europe 600 and FTSE Global Midcap Indices.
Vantage Towers’ portfolio includes towers, masts, rooftop sites, distributed antenna systems (DAS) and small cells. By building, operating and leasing this infrastructure to MNOs or other network providers such as IoT companies or utilities, Vantage Towers is making a significant contribution to a better-connected Europe.
While already 100% of the electricity that Vantage Towers uses to operate its infrastructure is obtained from renewable energy sources, green energy is increasingly being generated directly on site with the help of solar panels, micro wind turbines and in future also hydrogen solutions. This fits well into the overall strategy of the company to drive a sustainable digitalisation in Europe and to support partners through technological innovation in decarbonisation and achieving their climate goals.
For more information, please visit our website at www.vantagetowers.com, follow us on Twitter at @VantageTowers or connect with us on LinkedIn at www.linkedin.com/company/vantagetowers.
Contact:
This email address is being protected from spambots. You need JavaScript enabled to view it.
For more information contact Ms. Elias Gerafenti, 210 728 9000, This email address is being protected from spambots. You need JavaScript enabled to view it.
Elisabeth Maragoula/Michael Trontzos (This email address is being protected from spambots. You need JavaScript enabled to view it.)
Ms. Elias Gerafenti, 210 728 9000, This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) will hold a conference call on January 20, 2023 to discuss the results for the fourth quarter and full year ending December 31, 2022.
The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time.
To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313.
A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at www.slb.com/irwebcast until February 20, 2023, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402) 970-0847 outside of North America and giving the access code 5784911.
About SLB
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
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