Digital Experience Management solution provides EDF in the UK with real-time visibility of end-user experience by delivering actionable insights to inform remediation, improve employee productivity, and transform IT operations
SAN FRANCISCO--(BUSINESS WIRE)--Riverbed today announced that EDF in the UK – the biggest generator of zero carbon electricity in Great Britain – has deployed Alluvio Aternity™ Digital Experience Management (DEM) across its Corporate, Customer and Generation business units. This is empowering EDF in the UK to gain visibility into the end-user experience of its business-critical applications on any device, providing them with actionable insights to inform remediation and accurate resolution, improve employee productivity, significantly reduce transaction times, and ultimately deliver an exceptional digital experience for its employees and customers. Aternity, an industry-leading DEM solution, is part of the Alluvio Unified Observability portfolio from Riverbed.
LinkedIn: EDF in the UK exceeds end-user expectations by providing a seamless digital experience with Alluvio Aternity by Riverbed: https://rvbd.ly/3E9PPCg
EDF generates a fifth of the UK’s power, providing electricity to homes and businesses throughout the UK, through a combination of wind, solar, and nuclear energy power generation assets. The energy company has an operational portfolio of 36 wind farms (including two offshore), an ambitious vision for solar and battery storage, with further plans to enable investment in low carbon and renewable technologies in the UK worth over £50bn by 2035.
Improving the End-User Experience
With millions of customers across the UK, it’s imperative that EDF’s consumer-facing business has the contact centre capabilities to service them effectively. However, it traditionally lacked end-to-end visibility and observability over its business-critical applications, so identifying and resolving network and application performance issues was next to impossible.
EDF began its journey using Alluvio Aternity for its End-User Experience Monitoring (EUEM) capabilities. The value was immediately apparent, with Aternity providing a view of digital experience by bringing together the metrics from devices, applications, and the network all into a single view dashboard. This real-time insight into the status of all applications and networks empowers EDF’s IT team to understand what end-users actually experience and allows them to troubleshoot challenges – for example around transaction times – ultimately enabling a better customer service experience.
To further support the drive towards improved customer service, EDF also uses Aternity to assess the workflows and devices that were slowest performing and needed to be replaced. It then used the technology to identify devices needing updating and validated that the resulting upgrades – such as migrating to Windows 10 – had delivered the desired outcome.
Transforming the View of IT Internally
In line with the success of these initiatives, the company also integrated Alluvio Aternity with ServiceNow Incident Management to bolster the resolution of internal IT challenges. Now when a device triggers an alert, ServiceNow collects relevant real-time data from Aternity. The company has created 21 different alerts, including nine system alerts and eight application alerts for hardware. The alerts will flag, for example, if staff have blue screens, battery wear issues, or low disk space, all of which are proven to impact end-user experience. This range of alerts allows IT staff to diagnose root cause proactively and quickly, without end-users even having to raise an incident.
EDF has also created PowerShell scripts (a command line with associated scripting language), and uploaded them to Aternity, to run automatic remediation actions on end-user monitored devices. These remediation actions reduce the number of helpdesk tickets and improve user experiences by identifying and fixing issues remotely before they escalate. For example, one remediation action detects when a computer hasn’t been rebooted for five days and triggers an alert for the user. If the user doesn’t reboot after seven days, the remediation action automatically restarts the device. On average, these actions have saved users 14 minutes of their time, and the support team 15 minutes per incident. These time savings will improve even further as the scripts become fully automated.
Automated Remediation at Scale
Finally, increased visibility is allowing EDF to discover the root cause of issues that affect multiple users. One example being customer relationship management’s slow opening of bills. With Alluvio Aternity, the EDF IT team was able to identify that more than 1,000 machines had a version of Adobe installed which caused the machine to crash when a bill was opened. Similarly, when IT identified that there were persistent memory issues slowing down device performance, it pulled Aternity reports to view the system’s memory utilisation and found that 3,000 devices were using more than 70% of the physical memory. This insight helped the IT team take a different route for improving the memory of all devices.
Seamless Digital Experiences
“Our use of the Alluvio Aternity Digital Experience Management solution has grown and evolved along with our business,” explains Donna Lloyd, Senior Enterprise Product Manager, Platforms & Enablement, Enterprise IT, at EDF. “We started off using Alluvio Aternity as a solution that helped us fix things more quickly by understanding what was behind the latency we faced, whether we had bandwidth issues, or challenges with our devices. It evolved into monitoring our devices and actively looking for problems. We then took it a step further to actually take control with automatic remediation.”
Lloyd continues, “With Riverbed’s technology, we’ve completely transformed the way we manage IT challenges. Moving from being reactive to pre-emptive and now proactive. As a result, Alluvio Aternity has changed how IT is perceived as a department and has ultimately given IT staff the tools they need to better serve our customers.”
John Atkinson, Director Solutions Engineering, UK&I at Riverbed, adds, “EDF is a great example of how organizations around the world are embracing Alluvio by Riverbed, our unified observability portfolio. We’re delighted in the tangible, operational results our technology has delivered for EDF, as well as the way it’s been embraced by their IT team. We look forward to our continued collaboration, supporting them further in delivering seamless, secure digital experiences for their employees and customers that will drive key outcomes for their business.”
About Riverbed
Riverbed is the only company with the collective richness of telemetry from network to app to end user, that illuminates and then accelerates every interaction, so organizations can deliver a seamless digital experience and drive enterprise performance. Riverbed offers two industry-leading portfolios: Alluvio by Riverbed, a differentiated Unified Observability portfolio that unifies data, insights, and actions across IT, so customers can deliver seamless, secure digital experiences; and Riverbed Acceleration, providing fast, agile, secure acceleration of any app, over any network, to users anywhere. Together with our thousands of partners, and market-leading customers globally – including 95% of the FORTUNE 100 – we empower every click, every digital experience. Riverbed. Empower the Experience. Learn more at riverbed.com
Riverbed, Alluvio and certain other terms used herein are trademarks of Riverbed Technology LLC. All other trademarks used herein belong to their respective owners.
Connect with Riverbed
Helen Bainton
Riverbed Technology
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Drivers using the Electric Circuit and SWTCH apps can now access thousands more charging stations across North America.
TORONTO--(BUSINESS WIRE)--SWTCH Energy, a company pioneering electric vehicle (EV) charging solutions for multi-tenant properties across North America, and the Electric Circuit, the leading EV charging operator and network in Québec, announced today that their charging stations and apps are now interoperable. This will make it more seamless for EV drivers to access thousands of charging stations across North America.
SWTCH and Electric Circuit account owners will be able to charge on either network through their preferred network’s mobile app without having to create another account. SWTCH drivers will gain access to an additional 3,800 chargers, including 600 fast-charging stations, in Québec and parts of eastern Ontario; meanwhile, Electric Circuit drivers will be able to access an additional 2,750 chargers at multi-tenant properties across North America. There is no action required by drivers or building owners and managers to enable roaming.
“With forty-six percent of all registered electric vehicles in Canada located in Québec, this agreement with the Electric Circuit allows us to give our drivers more charging opportunities at home, work, and on-the-go. We are excited to expand our charging network through roaming and eliminate range anxiety for our users,” said Carter Li, SWTCH CEO and Co-Founder.
“Electric vehicle owners want to have the freedom to go wherever they want and they want that experience to be as seamless as possible. The new roaming agreement between SWTCH Energy and the Electric Circuit helps us meet that need for our users.” said France Lampron, Director – Energy and Mobility Solutions at Hydro-Québec.
The roaming integration is enabled by Québec-based ChargeHub’s Passport Hub solution, a platform that lets drivers use multiple charging networks through a single account of their choice. Roaming between the two networks is now live and drivers can use either the SWTCH or Electric Circuit mobile app to easily find, access and pay for charging. SWTCH stations are now also available for activation in the ChargeHub app by the same measure.
“We’re thrilled to add SWTCH as a Passport Hub partner,” said Simon Ouellette, CEO at ChargeHub. “This partnership will enable a growing number of Electric Circuit users to seamlessly activate charging sessions on SWTCH’s network of charging stations, which is expanding in the province of Ontario and across North America. At the same time, SWTCH users will now be able to seamlessly activate charging stations operated by the Electric Circuit.”
About SWTCH Energy Inc.
Headquartered in Toronto, Ontario, with offices in Brooklyn and Boston, SWTCH is pioneering EV charging solutions for multifamily and commercial properties across North America. SWTCH leverages the latest technology available to help building owners and operators deploy EV charging by tapping into their existing grid infrastructure. Through constant innovation and an extensive partnership network, SWTCH provides the most profitable and unique business model for multi-tenant buildings to stay competitive. For more information, visit www.swtchenergy.com.
About the Electric Circuit
The Electric Circuit is the largest public charging network for electric vehicles in Québec. It consists of more than 3,800 public charging stations, including over 700 fast-charge stations, in every region of the province. Electric Circuit users have access to a 24/7 telephone help line as well as a charging-station locator service. The Electric Circuit website and Electric Circuit mobile app for iOS and Android are updated as new stations are rolled out. Members can also use their Electric Circuit card or mobile app to access the ChargePoint network, the FLO network and New Brunswick’s eCharge Network.
About ChargeHub by Mogile Technologies Inc.
Founded in 2013, ChargeHub by Mogile Technologies Inc. is a community-driven electric vehicle (EV) platform with the mission to improve the customer experience (CX). The platform offers a suite of charging solutions that drive lasting performance improvement in EV adoption and infrastructure deployment. The ChargeHub app leverages the contributions of its EV community to enable transparency in the reliability and accessibility of public charging stations on the North American continent. More recently, ChargeHub launched its Passport Hub interoperability solution enabling CPOs and eMSPs to interoperate seamlessly through a single business/legal/technical framework. Today, over 60,000 charging ports in the US and Canada are interoperable through the Passport Hub. For more information, visit www.chargehub.com.
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Chelsea Nolan
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Jonathan Côté
Media relations for Hydro-Québec/Electric Circuit
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514 289-3227
Fund Targets Low-Carbon Real Assets in Energy, Water, and Urban Infrastructure Sectors
SAN FRANCISCO--(BUSINESS WIRE)--Climate Adaptive Infrastructure (“CAI” or the “Firm”), an investment firm that targets control investments in large-scale, low-carbon real assets in the clean energy, water, and urban infrastructure sectors, today announced the successful close of its inaugural fund, Climate Adaptive Infrastructure Fund LP (the “Fund”), raising more than $825 million in equity. In addition, alongside the Fund, CAI has an affiliated co-investment program of over $200 million, for a total of over $1 billion in equity to deploy. The Fund attracted an institutional set of global limited partners comprised of endowments, foundations, insurance firms, pensions and superannuation funds, and fund of funds, in addition to prominent family offices and high net worth individuals.
CAI is led by Founder & Managing Partner Bill Green and a deeply experienced team of professionals who have dedicated their careers to sustainable infrastructure investment, asset operations, and policy in the energy and environmental sectors. The Firm seeks to combat systemic climate change issues by investing in real assets that support the day-to-day needs of growing populations and address the “triple threat” of the climate crisis: physical risk, regulatory risk, and political risk. CAI utilizes a proprietary screening protocol to evaluate investments, their long-term carbon emissions, and viability as a hedge against climate losses.
Bill Green said, “For far too long, our society has invested in infrastructure based on the belief that our future would look just like our past. The climate crisis is now wreaking increasing havoc with assets that were built for a planet that no longer exists. At CAI, our mission supports the development of real assets purpose-built for the future, with the lowest feasible carbon emissions profile and designed to withstand the impacts of the climate crisis.”
To date, CAI has deployed 39% of the Fund across three investments -- Intersect Power, a clean energy company providing low-carbon electricity, fuels, and related products to customers across North America; Sentinel Energy Center, an 850 MW critical peaking power plant in Riverside California; and Rye Development, a leading U.S. developer of low-impact hydropower generation and pumped-hydro energy storage.
“CAI and Bill have been instrumental in Intersect Power’s success and trajectory since the company’s inception. The need for infrastructure that helps to prevent and mitigate climate change is core to both CAI and Intersect Power’s vision. Not only are we aligned in our view of the future state of infrastructure, but also in our shared hope for a livable planet. This critical alignment of values and business has forged an enduring partnership,” said Sheldon Kimber, Co-Founder and CEO of Intersect Power.
Julian Pearson, Co-Founder of FirstPoint Equity who served as the exclusive placement agent for CAI, said, “We are proud to have partnered with Bill Green, a visionary investor with an impressive pedigree and track record of success in the climate and infrastructure sectors. CAI’s mission clearly resonated with the market amid a challenging and crowded fundraising environment, resulting in one of the largest first-time fundraises for the sector. Notably, CAI’s fundraising process was conducted almost entirely through a virtual process.”
“We are thrilled with the substantial support we received from our investors, which will help finance the future development of critical, low-carbon climate infrastructure. Moreover, we could not be more impressed with our internal team, with FirstPoint Equity, a leader within the private capital solutions space who did an outstanding job for us under unprecedented pandemic conditions, and with Kirkland & Ellis, serving as legal counsel, who demonstrated extraordinary skill in navigating the challenges of this major fundraising across infrastructure and real assets,” Mr. Green concluded.
About Climate Adaptive Infrastructure
Founded in 2019, CAI is an infrastructure investment firm specializing in low-carbon real assets in the energy, water and urban infrastructure sectors. The firm seeks investments across core infrastructure assets that improve the sustainability and quality of life for the world’s large and growing population. CAI selects, finances, constructs and manages its investments using climate screens and metrics designed to enhance investment returns and cut carbon emissions. For more information, please visit https://www.climateadaptiveinfra.com/.
About FirstPoint Equity
FirstPoint Equity is an independent world leading private capital solutions group with a special focus on infrastructure and real assets. For more information, please visit https://www.firstpointequity.com.
Media
Jonathan Gasthalter/Sara Widmann
Gasthalter & Co.
(212) 257-4170
First-of-its-Kind Conservation Effort Retires Grazing Rights for Land Mitigation, Permanently Protecting a Swath of Mojave Desert Seven Times Larger than San Francisco
LOS ANGELES & SAN FRANCISCO--(BUSINESS WIRE)--#cleanenergy--Avantus (formerly 8minute), the Bureau of Land Management (BLM), the California Department of Fish and Wildlife (CDFW), and the U.S. Fish and Wildlife Service (USFWS) have partnered to conserve and reallocate more than 215,000 acres from an active grazing allotment to an area permanently dedicated to wildlife forage in Kern County. The Onyx Conservation Project (Onyx) is among the largest mitigation projects in the nation and will provide critical, permanent protection and enhancement of the Mojave Desert plants, including the western Joshua Tree, and animals that live across the expansive site.
Onyx is notable for its historic, contiguous size and is the first time grazing rights have been retired to mitigate for solar projects, a novel approach that balances clean energy development and conservation. A contiguous area seven times larger than the city of San Francisco, Onyx will provide greater benefits for desert species to thrive than traditional mitigation strategies, which typically involve small, disconnected land parcels resembling a checkerboard. Avantus will also invest millions of additional dollars for habitat enhancements across Onyx to jumpstart restoration for desert plants and wildlife species.
“Our Department is committed to the conservation, protection and restoration of the Golden State’s habitat, and this groundbreaking state and federal public-private partnership provides a roadmap for how renewable energy can continue to combat climate change while also providing landscape-level ecosystem benefits to native plants and wildlife,” said CDFW Regional Manager, Julie Vance. “By purchasing and permanently retiring the grazing rights, Avantus is assuring this rich, vibrant land is preserved and its inhabitants can flourish.”
Located between Ridgecrest and Mojave in Kern County, Onyx is particularly well suited for conservation as the area’s habitat includes 20 sensitive wildlife species including the California condor, Mojave desert tortoise, American badger, Mohave ground squirrel and golden eagles. It is also estimated to include more than 80,000 acres of western Joshua tree habitat, including 3,000 acres of dense woodland. This conservation effort will help sustain the health and diversity of the desert ecosystem, which is underlaid by designated Wilderness Areas, Desert National Conservation Lands, and Areas of Critical Environmental Concern. All 215,000 acres will also be open for public recreational use, including hiking and camping.
Onyx demonstrates how collaborative public-private partnerships can work to develop innovative approaches to conserving precious land and deliver on President Biden’s America the Beautiful campaign. The initiative established a national goal to conserve at least 30 percent of U.S. lands and freshwater by 2030, commonly referred to as 30x30, and is designed to help tackle the climate crisis at home and abroad.
“The single greatest threat facing desert ecosystems is climate change, and Avantus is proud to be driving climate solutions that are decarbonizing our planet at the gigaton-level. Our portfolio of utility-scale solar and energy storage centers will deliver affordable, emissions-free energy to tens of millions of Americans, which allows us to embark on innovative mitigation strategies of the same magnitude,” said Dr. Tom Buttgenbach, Founder and CEO of Avantus. “In line with our ambitions to be a clean energy major, the Onyx Conservation Project will provide critical habitat preservation and environmental benefits at a scale our industry has never seen before. This is a prime example of our endless pursuit of smarter, more sustainable solutions and we thank our federal and state partners for working with us on this pioneering effort.”
Avantus is one of California’s top solar and energy storage providers, with a long track record of success in Kern County, including the first operating solar plant to beat fossil fuel prices and a groundbreaking project to deliver solar with storage at record-low prices. The company is on track to provide more than half of California’s utility-scale solar and storage demand over the next decade.
Avantus works closely with wildlife agencies and environmental organizations to advance environmental efforts and safeguard species throughout all stages of a project’s life. Avantus’ past projects have received support from respected groups, including the Sierra Club, Audubon California, Defenders of Wildlife, and the Natural Resources Defense Council.
ABOUT AVANTUS
Avantus is shaping the future by making reliable, accessible clean energy a global reality. Our legacy of leadership in next generation solar energy includes developing the nation’s largest solar cluster and the first plant to beat fossil fuel prices. Today, we are expanding the boundaries of existing technologies to build one of the largest portfolios of smart power plants with integrated storage, capable of providing 30 million people with low-cost, zero-emission energy – day and night. Through our relentless pursuit of better, we are decarbonizing our planet at the gigaton level, and bringing the advantages of clean energy to all of us.
For more information, please visit www.avantus.com, and follow Avantus on Twitter and LinkedIn.
ABOUT THE CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE
The mission of the Department of Fish and Wildlife is to manage California's diverse fish, wildlife, and plant resources, and the habitats upon which they depend, for their ecological values and for their use and enjoyment by the public.
Katie Struble, Avantus, This email address is being protected from spambots. You need JavaScript enabled to view it.
Ken Paglia, CDFW, This email address is being protected from spambots. You need JavaScript enabled to view it.
AVANGRID’s Net Zero Strategy reflects strong commitment to carbon neutrality and support for the energy transition
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the group of companies controlled by Iberdrola, S.A., is furthering its industry-leading Environment, Social and Governance (ESG) commitments by expanding its carbon neutrality targets. The company is now targeting to reach carbon neutrality in scopes 1 and 2 by 2030 and is developing a strategy to address scope 3 emissions. AVANGRID is one of only three U.S. energy company peers to set 2030 carbon neutrality goals and is one of the few major U.S. utilities to align with the country’s target to decarbonize the U.S. power sector by 2035.
AVANGRID’s announcement comes on the heels of Iberdrola reaffirming last week its target to become carbon neutral by 2030 in scopes 1 and 2 and reaching Net Zero in all 3 scopes by 2040. Iberdrola also announced that it has approved near and long-term science-based emissions reduction targets with the Science-Based Targets initiative (SBTi) and SBTi has verified Iberdrola’s net-zero science-based target by 2039. As a member of the Iberdrola Group, AVANGRID’s scopes 1 and 2 carbon neutrality targets are a critical part of Iberdrola’s Climate Action Plan.
“As one of America’s most sustainable energy companies, our commitment to our ESG+F principles serves as the backbone of our business and puts us in the right place to address the need for more clean energy,” said Pedro Azagra, CEO of AVANGRID. “We also benefit from the expertise of the Iberdrola Group, who is a global leader in ESG and whose targets have been verified by SBTi, and we are following in their footsteps. Our sustainability goals have continued to evolve since 2017, when we became the first U.S. utility to commit to carbon-neutral goals and set our target to reach generation carbon neutrality by 2035. We’ve strengthened our emissions goals and social commitments, laid the groundwork to transition our fleet to cleaner energy vehicles, committed to increasing our purchases with diverse suppliers and more. We not only continue to evolve and accelerate our commitments, but also have innovative initiatives underway to meet our goals.”
ESG factors have been an integral part of the Iberdrola strategy for the last two decades, to the extent that it has now become an established leader in ESG+F, supporting environmental, social and governance aspects and financial strength. Likewise, AVANGRID has a forward-looking ESG+F strategy that informs the company’s business decisions, helps further its sustainability commitments, and creates long-term, sustainable value for its shareholders.
AVANGRID’s Net Zero Strategy reflects its strong commitment to carbon neutrality and support for the energy transition. In line with its recent announcement, the company’s immediate focus is on reducing emissions from scopes 1 and 2. Scope 1 emissions include all direct greenhouse emissions from sources that are owned or controlled by AVANGRID, including power generation facilities, offices and other facilities, and fleet vehicles. Scope 2 emissions include indirect greenhouse emissions associated with the generation of purchased energy consumed by the AVANGRID.
To reach carbon neutrality in scopes 1 and 2 by 2030, AVANGRID plans to:
In addition to announcing its industry-leading carbon neutrality targets, AVANGRID also expanded its commitment to gender diversity. In 2021, the company signed on to the Paradigm for Parity, which has a goal of achieving 50% women in senior leadership positions by 2030. AVANGRID has set an additional goal of having 35% women in executive positions by 2025.
“AVANGRID has and continues to demonstrate leadership in all aspects of ESG,” said Laney Brown, Vice President of Sustainability at AVANGRID. “We analyzed a select number of our ESG goals against our peer’s, and the breadth and depth of our ESG commitments in comparison demonstrates our ESG leadership and reflects our unique ESG position. We are demonstrating that clean energy is not just a beneficial outcome for the environment and society, but an opportunity to help people and communities participate in the clean energy transition through new jobs, and for leading companies like ours to make critical and strategic investments.”
AVANGRID has earned numerous recognitions for its ESG efforts, including being named among the world’s most sustainable companies by S&P Global for two consecutive years, being recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies, being named among the World’s Most Ethical Companies for four consecutive years and being included in the FTSE4Good Index Series for five consecutive years.
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. AVANGRID is a member of the group of companies controlled by Iberdrola, S.A. 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.
Forward Looking Statements
Certain statements in this release may relate to our future business and financial performance and future events or developments involving us and our subsidiaries that are not purely historical and may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as “may,” “will,” “should,” “would,” “could,” “can,” “expect(s),” “believe(s),” “anticipate(s),” “intend(s),” “plan(s),” “estimate(s),” “project(s),” “assume(s),” “guide(s),” “target(s),” “forecast(s),” “are (is) confident that” and “seek(s)” or the negative of such terms or other variations on such terms or comparable terminology. Such forward-looking statements include, but are not limited to, statements about our plans, objectives and intentions, outlooks or expectations for earnings, revenues, expenses or other future financial or business performance, strategies or expectations, or the impact of legal or regulatory matters on business, results of operations or financial condition of the business and other statements that are not historical facts. Such statements are based upon the current reasonable beliefs, expectations, and assumptions of our management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Important factors are discussed and should be reviewed in our Form 10-K and other subsequent filings with the SEC. Specifically, forward-looking statements include, without limitation:
Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may vary in material respects from those expressed or implied by these forward-looking statements. You should not place undue reliance on these forward-looking statements. We do not undertake any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this report, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Other risk factors are detailed from time to time in our reports filed with the SEC, and we encourage you to consult such disclosures.
Sarah Warren
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585-794-9253
BROMONT, Québec--(BUSINESS WIRE)--Emmanuelle Toussaint, Executive Director at BIOQuébec, Québec's largest biotechnology and life sciences network, has been named one of Canada’s most inspiring climate leaders in the ‘Women in Energy Transformation Series’, an initiative by Women in Renewable Energy (WiRE), GLOBE Series and Pembina Institute. This award celebrates the most powerful women advancing Canada’s transition to a clean economy and identifies opportunities for more women to get involved.
Emmanuelle has been a leading advocate for the energy transition and the promotion of environmental awareness for several years. In 2021, she was also named one of the Top 100 of the most powerful women in Canada by Women's Executive Network (WXN) in the "Executive Leader" category.
"We are talking more and more about sustainability and fighting climate changes. All those concerns can be applied to the ecosystem of life sciences. Not a day goes by that we don't discuss this topic with my colleagues and partners in Canada's life sciences and biotech industry," said Emmanuelle Toussaint.
"We are delighted with this appointment for Mrs. Toussaint. Not only do life sciences players feel that they are making a difference on a daily basis in terms of innovations, for the well-being of our society, but they are also increasingly aware of their environmental impact. It is entirely possible to pursue a mission with a significant impact in health while having a real commitment to sustainable development objectives," said Frédéric Leduc, Chairman of the Board of Directors at BIOQuébec and Chief Scientific Officer at EVAH.
Mrs. Toussaint believes that industry advancement cannot be made without a true commitment to a full set of sustainable objectives. This includes the implementation of biological processes, sustainable practices and renewable energy, such as reducing greenhouse gas emissions in manufacturing, lowering resources and water consumption, improving waste management and ensuring responsible supply chains. Those are concrete solutions to help the life sciences industry positively address its environmental impact.
"Canada has committed to Net-Zero Emissions by 2050. This country has all it takes to do this energy transition, and all sectors of the economy must be involved. It’s one of the greatest public policy challenges, together with improving health and quality of life," said Emmanuelle.
As a member of the Quebec Bar and the Ordre des administrateurs agréés du Québec, Mrs. Toussaint holds a Bachelor of Laws degree and a Certificate in Administration from Université Laval.
Learn more about Emmanuelle's extraordinary journey and how she inspires us all here: https://womeninenergytransformation.philespace.com/vignette/EmmanuelleToussaint
About BIOQuébec:
BIOQuébec represents more than 160 Quebec-based companies working in health research at all stages of the innovation process, from basic research to the integration of therapeutic innovation into the health system. They include biotechs, contract research organizations, investors, and biopharmaceutical companies at various developmental phases. BIOQuébec focuses on government representations, business development, and partnerships to foster the growth of Quebec’s biotechnology and life sciences industry and position the province as one of this sector’s integral key players internationally.
For more information about BIOQuébec, please visit www.bioquebec.com
For more information
Please contact Gaëlle Bridon at 438-520-4700 or by email: This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY), ("Crescent" or the "Company"), today announced that representatives of the Company will be participating in the BofA Global Energy Conference in Miami, Florida on November 17, 2022.
The accompanying slide presentation will be available on the Company’s website under https://ir.crescentenergyco.com/events-presentations/.
About Crescent Energy Company
Crescent is a well-capitalized, U.S. independent energy company with a portfolio of assets in key proven basins across the lower 48 states and substantial cash flow supported by a predictable base of production. Crescent’s core leadership team is a group of experienced investment, financial and industry professionals who continue to execute on the strategy management has employed since 2011. The Company’s mission is to invest in energy assets and deliver better returns, operations and stewardship. For additional information, please visit www.crescentenergyco.com.
Company Contact
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Emily Newport
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DUBLIN--(BUSINESS WIRE)--The "Electrification Strategies of Shared Mobility Operators" report has been added to ResearchAndMarkets.com's offering.
By 2030, the shared mobility market will have 10.5 million electric vehicles in its fleet dominated by electric bikes and then ride-hailing vehicles. Electrification was under the radar of all the mobility operators and cities, even before the pandemic. Cities should neither lose sight of the long-term goal which is to reduce GHG emissions nor break the EV momentum, as the industry has invested tens of billions in new EVs, underlying technologies, and the charging infrastructure.
Favorable regulations, incentives, and tax rebates focused on shared mobility operators can provide the impetus to continue the electrification of mobility fleets. Electric vehicles are becoming more attractive, as they have increased electric range. All shared mobility segments, be it carsharing, DRT, ride-hailing, or bike sharing are increasing the proportion of electric vehicles in their fleets. Regulations are driving fleets to electrify. The charging infrastructure value chain must be robust and efficient to meet this demand. Multiple participants are involved in different parts of the value chain to cater to the charging requirements of the increasing number of electric vehicles in operation.
The penetration rates vary across regions and across business segments. For instance, in Europe, the penetration level for carsharing is as low as less than 5% in countries like Turkey and can go as high as 60% in the Netherlands, Norway, and so on. This completely depends on how supportive the infrastructure and regulations are. A very good example is Madrid where there are reserved parking spots for carsharing. Further, electric vehicles are allowed to enter the restricted access zone for free and are granted free parking in many locations.
Similarly, if we look at bike sharing, operators are increasingly focusing on electrifying their fleet. Kick-scooter sharing providers which are foraying into bike sharing provide an all-electric fleet. Some of the major participants offering an all-electric fleet are Lime, Tier Mobility, and Dott.
Research Scope
This study covers the global electric shared mobility market, key electrification strategies, charging infrastructure and the key participants in each segment. The key kinds of electric shared mobility in the scope of the study are:
Research Highlights
Key Issues Addressed
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. Growth Opportunity Analysis: Car-sharing
4. Growth Opportunity Analysis: Ride-hailing
5. Growth Opportunity Analysis: Bikesharing
6. Growth Opportunity Analysis: DRT
7. Growth Opportunity Universe
8. Next Steps
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/upioxt
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Benchmarking capabilities now available in-platform enable clients to compare ESG data against industry averages and identify opportunities for improvement
Benchmarking tools offer an unprecedented view of ESG performance in private markets
NEW YORK--(BUSINESS WIRE)--Novata, a public benefit corporation and technology platform that provides private markets stakeholders with intuitive and effective Environmental, Social and Governance (ESG) data management solutions, today announced the launch of wide-ranging benchmarking capabilities in-platform to enable Novata clients to contextualize their ESG data and see how they compare relative to industry peers. Novata clients will have access to anonymized industry data that will offer an unprecedented level of detail of ESG performance in private markets.
Backed by a consortium that includes the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE) and Omidyar Network, and with the support of more than a dozen private equity firms and pension funds, Novata is the leading ESG data management platform built specifically for the private markets. The Novata platform provides customers with a clear on-ramp for selecting ESG metrics, painless data collection and data insights and analytics tools to inform investment decisions.
Benchmarking ESG metrics helps Novata clients track progress and set well-informed goals. Novata’s in-platform benchmarks are created by aggregating data tracked by relevant peers. Novata’s benchmarking capabilities are powered by thousands of data points drawn from private and public companies; however, all data remains strictly anonymized to ensure data points cannot be associated with specific companies.
“The Novata platform seeks to meet the needs of companies across the ESG reporting spectrum. The first step along the journey is collecting your firm’s ESG data. After companies finish reporting, we have seen that interest quickly shifts towards understanding how the company compares to a relevant peer set,” said Lorraine Spradley Wilson, Chief Impact Officer and Head of ESG at Novata. “Novata firmly believes that benchmarking is a powerful indicator of ESG progress - it enables reporting firms to drill down into performance gaps and to identify areas for improvement. Benchmarking also provides important contextualization to what the data means across a range of dimensions.”
Since Novata’s successful platform launch in April, Novata has welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has experienced significant global demand for its ESG data management platform.
“While every business is unique and no two companies will follow the exact same path to integrating ESG into operations, our benchmarking capabilities offer Novata clients a credible starting point for measuring their progress,” said Owen Riddall, Chief Product Officer and Co-Founder at Novata. “By using benchmarks to put your data in context, you’ll be better able to understand and prioritize your ESG risks.”
To learn more about Novata’s platform offerings and to schedule a demo, please see here: https://www.novata.com/
About Novata
Novata is a public benefit corporation that enables the private markets to achieve a more sustainable and inclusive form of capitalism. Novata ESG solutions, technology platform and contributory database simplify the processes of selecting reporting metrics; collecting and storing relevant data; conducting analysis; and reporting to key stakeholders, including limited partners and regulators. Novata, a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network, is majority controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.
Katie Stueber
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Geothermic Solution met with individuals at the highest government and business levels during its visit to the Kingdom of Saudi Arabia, with discussions focused on the company’s GeoHeat energy-harvesting technology and its role in establishing a sustainable energy supply for the global economy.
PALO ALTO, Calif.--(BUSINESS WIRE)--Geothermic Solution, Inc. (GSL), a leader in environmentally friendly GeoHeat™ harvesting technology, participated in the 6th Future Investment Initiative (FII) in Riyadh, Saudi Arabia in October 2022. Dr. Khalid Alsweilem, GSL board member and former chief investment officer, chief counselor, and director general at the Saudi Arabian Monetary Agency (SAMA), guided GSL delegates during their visit to the Kingdom of Saudi Arabia (KSA).
The delegation was led by GSL’s co-founder and CEO, Dr. Piotr Moncarz, US NAE, who met with high-ranking members of the KSA government and with senior leadership of major corporations. Dr. Moncarz discussed how GSL’s reliable, low-risk, and low-carbon closed-loop geothermal technology is ideally suited to economically supply scalable, baseload renewable energy—in line with the KSA’s Vision 2030 and the net-zero goals of a growing number of global industries.
Dr. Axel-Pierre Bois, a member of the GSL technical team and renowned European expert in the region’s geothermal resources, outlined the challenges and opportunities of installing high-temperature GeoHeat harvesting technology in different regions of Saudi Arabia.
The 6th FII is powered by the Future Investment Initiative Institute, which is governed by an independent board of trustees that includes:
- H.E. Yasir Al-Rumayyan, FII Institute Chairman and Governor of the Public Investment Fund
- H.R.H. Princess Reema Bint Bandar Al Saud, Saudi Ambassador to the United States of America
- Professor Tony Chan, President of the King Abdullah University of Science and Technology
- Mr. Richard Attias, CEO of FII Institute and Executive Chairman of RA&A
In summarizing the visit, Dr. Moncarz said, “The Kingdom of Saudi Arabia welcomed us beyond our expectations. The kingdom is making major strides to scaling up renewable energy sources that can deliver a carbon-free environment—and we at GSL are excited to be part of that discussion.
We discussed how our closed-loop GeoHeat solution is ideally suited to help the kingdom achieve its carbon-free ambitions—and with minimal water requirements,” Moncarz continued. “By providing sustainable baseload energy for rapidly growing sectors like electric power, hydrogen, desalinization, data centers, and cooling, GSL can provide major value to the KSA, while delivering viable solutions to the climate struggle of the world.”
Geothermic Solution is contributing to high-profile, global technology and economic conferences at a time when the company is actively pursuing new investment partnerships and in-field project opportunities.
For more information visit https://www.geothermicsolution.com.
About GSL
Geothermic Solution, Inc. combines breakthrough technology from a wide range of scientific fields to harvest heat—cleanly and efficiently—from deep-earth, high-temperature formations around the globe. Our innovative GeoHeat™ closed-loop, heat-harvesting technology provides reliable, cost-efficient geothermal energy to off-grid installations, while minimizing water usage and carbon emissions. Learn more about partnering with Geothermic Solution at https://www.geothermicsolution.com.
Ted Moon, PhD
LaunchPad Writing + Research, LLC
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New BYOCHAR™ Technology Debuting in Select Markets in 2023, Marking a Major Milestone in Helping Solve the Global Landfill Dilemma
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--DYPER™, the responsible diapering company, has become the first diapering company in the world to successfully “char” a diaper with its BYOCHAR™ technology.
With this innovation, DYPER enters the biochar economy by turning soiled diapers into biochar. Biochar is a carbon-rich product created through a heating process called pyrolysis, which allows for waste to be transformed into a reusable commodity that can improve soil, assist in air and water purification, and be an additive to paints and inks for improved pigment.
With the average child using around 3,700 disposable diapers and more than 27 billion of them ending up in U.S. landfills each year, diapers rank as the third leading contributor to the nation’s landfills by mass, taking up to 500 years to break down.
Debuting in 2023, BYOCHAR reactors will be located in select markets. When in place, DYPER will be able to reduce landfill waste and lessen overall global greenhouse gas emissions by transforming something as environmentally hazardous as a used diaper into something that can ultimately have a carbon-neutral footprint on the planet, without the use of offsets.
BYOCHAR is the latest environmental innovation from DYPER. A leader in the premium disposable diaper category with its diapers constructed with plant-based materials and made without harmful ingredients, DYPER’s landfill avoidance program REDYPER™ has already diverted more than 11.5M pounds of waste from landfills, turning their used diapers and wipes into nutrient-rich topsoil that is used in large-scale landscaping, roadside plantation, and growing sod. As BYOCHAR technology is deployed, the process of composting will be gradually replaced in the REDYPER program.
“While there are no silver bullets to solving the plastic diaper dilemma, we feel it is our obligation to continuously look for solutions,” said Sergio Radovcic, Founder and CEO of DYPER. “We’ve started with composting, fully aware of the inherent difficulties of doing it at scale. With this innovation, we will bring modular disposal technology to complement or replace composting closer to the consumers, reducing processing and transfer times. We’re excited to see our work turn waste into something more helpful to our planet.”
The Benefits of BYOCHAR
Biochar technology is not new, but until now, has not been used to combat the disposable diaper waste problem. Additional benefits of the technology include:
In the future, BYOCHAR may be compatible with other diaper brands, which would effectively end diaper waste altogether (4% of solid waste) but is not compatible with non-DYPER products today. BYOCHAR may eventually generate carbon credits and possibly, sell credits on the trading markets.
DYPER products are made without chlorine, latex, alcohol, lotions, TBT, and Phthalates. They're unprinted, unscented, soft to the touch, yet extremely durable and absorbent, and made with plant-based materials such as viscose from Bamboo.
DYPER products are available at DYPER.com, as well as at select online and brick-and-mortar retailers including Amazon, Babylist, Grove Collaborative, Thrive Market, Whole Foods Market, and Walmart.
About DYPER™
DYPER, a Certified B Corp, is the responsible diaper company that never stops asking “Y.” From the obvious, “Why can’t diapers use more plant materials?” to “Why do diapers have to end up in landfills?” DYPER offers products made with plant-based materials that are soft and absorbent with a focus on transparency, environmental offsets, and independent testing. Used DYPER diapers and wipes can be responsibly disposed of through their optional REDYPER™ service. DYPER diapers are a certified 55% USDA BioPreferred product, certified Standard 100 by OEKO-Tex®, clinically-tested and awarded a 5-star Dermatest® rating. The wood pulp used is certified by the Forest Stewardship Council and viscose from Bamboo is OEKO TEX STeP certified, verifying compliance with globally standardized criteria in all areas of sustainable manufacturing, including safety, environmental and chemical management and efficient use of resources. Learn more at DYPER.com.
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SANTA MONICA, Calif.--(BUSINESS WIRE)--Autonomy™, the nation’s largest electric vehicle subscription company, today announced that it is expanding its geographic footprint to Seattle, Washington, including Tacoma and Bellevue.
Autonomy provides a cheaper, faster and easier way for customers to get behind the wheel of an electric vehicle without long-term commitment or long-term debt.
“We launched Autonomy in California in January and quickly amassed a following across the Golden State. Washingtonians are already early adopters of EVs so it made sense for Washington to be one of the first expansion states,” said Scott Painter, Founder and CEO of Autonomy. “Affordability is what ultimately unlocks mass adoption of EVs and Autonomy is easier and more affordable for consumers to get into an electric car.”
Autonomy helps achieve Seattle’s all-electric future. In 2021, the city released a 2030 citywide plan for electrification with specific goals for zero-emission mobility, including 100% of shared mobility and 30% goods delivery being zero-emission. Washington state has also set a target that all vehicles of model year 2030 or later sold, purchased or registered in Washington state be electric vehicles.
With gas prices at near record highs and projected to rise another $0.46 in Washington in 2023, Washington residents have more reasons than ever to go electric.
How Autonomy works:
Autonomy’s monthly payment covers the traditional costs of ownership, including routine maintenance, roadside assistance (limitations apply), and standard wear and tear on tires, which are usually additional expenses with a traditional lease or loan. Qualified Autonomy customers will now receive Autonomy’s subscription with its fully integrated insurance offering.
“Autonomy is on a mission to accelerate the adoption of EVs and we’re excited to now offer this service in the Seattle metro area,” said Georg Bauer, co-founder and president of Autonomy. “Autonomy will give a boost to Seattle's Electrification goals by giving people a novel way to access an EV that’s completely digital and more flexible than ever.”
The cities of Seattle, Tacoma and Bellevue have more than 2,900 public charging stations, 453 of which are free EV charging stations. The area also boasts over 400 DC Fast Chargers, 134 of which are Tesla Superchargers.
Autonomy will leverage its recently announced national partnership with AutoNation, Inc. (NYSE: AN), the largest auto retailer in the U.S., for vehicle preparation and delivery services in connection with customer activation, as well as maintenance, repair, and reconditioning services for Autonomy’s growing subscription fleet of electric vehicles.
Today, Autonomy offers the Tesla Model 3 and Tesla Model Y and will soon add the full Tesla lineup, among other makes and models. In August Autonomy ordered 23,000 electric vehicles from 17 different global automakers, with the order totaling more than $1.2 billion.
Autonomy’s subscription model offers the cheapest, fastest, and easiest way to get an electric vehicle, and it does not require the long-term debt or commitment that comes with buying or leasing. Autonomy subscribers can pay their subscription entirely on their credit card or through their bank account. They have the flexibility to subscribe month to month after a three-month minimum hold period. Customers can subscribe to an electric vehicle entirely in app (Google Play Store or Apple App Store) and customize their monthly payment to meet their budget. Additionally, Autonomy vehicles are available for delivery or pickup within weeks, compared with the six- to nine-month wait for a loan or lease.
ABOUT AUTONOMY
Autonomy is a technology company on a mission to make access to mobility easy and affordable through car subscriptions. The company was founded by auto retail, auto finance, and auto insurance disruptors Scott Painter and Georg Bauer, who founded Fair, the first-ever used-vehicle subscription offering, pioneering the Car-as-a-Service (CaaS) category. Building upon that experience, Autonomy has created a turnkey vehicle subscription platform for consumers and the automotive industry that enables vehicle subscriptions to scale profitably and become a mainstream alternative to traditional car buying. Autonomy is innovating through technology, finance, and insurance to power car subscriptions for the battery, electric vehicle, and zero-emissions vehicle sectors. Autonomy relies on partnerships with automakers and brick-and-mortar car dealerships to provide benefits to both consumers and the industry. Autonomy represents freedom from long-term debt, freedom from long-term commitments, and even freedom from fossil fuels. It means new choices and more control over your financial well-being. Autonomy is based in Santa Monica, California.
Follow Autonomy on LinkedIn, Twitter, Instagram, Facebook, YouTube, and TikTok.
Shadee Malekafzali
Head of Investor Relations and Corporate Communications
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Corporate Communications Manager
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Two RHB models are commercially available today for companies aiming to rapidly reduce fuel costs and eliminate scope 1 & 2 emissions
ALAMEDA, Calif.--(BUSINESS WIRE)--Rondo Energy, a leading provider of zero-carbon industrial heat, today announced commercial availability of two models of its revolutionary Rondo Heat Battery (RHB), the RHB100 and RHB300.
The Rondo Heat Battery (RHB) captures intermittent electricity, stores the energy from that electricity as high-temperature heat in brick materials, and delivers the stored energy on demand as high-temperature heat and/or electricity. The RHB stores heat energy at temperatures up to 1500°C for hours or days — delivering zero-carbon heat for processes ranging from steel, cement, chemical manufacturing, and all the way to low-temperature food processing.
The RHB meets the demanding needs of industry for safe, simple, low-cost energy and economically replaces fuel-fired furnaces and boilers—unlocking energy prices for America’s industries that are both affordable and more predictable. When connected to the grid, the RHB can make use of otherwise curtailed solar and wind energy, cut the cost of clean energy, and strengthen grid stability and security. Rondo is manufacturing its heat batteries in its facilities in California and has begun commercial deliveries.
RHBs are easily integrated into facilities alongside existing process heating equipment, delivering large-scale emissions reductions without a facility overhaul. The heat battery models available today are designed for a wide range of industrial uses and directly replace the operation of fuel-fired boilers, furnaces and kilns. Both models are fully automatic, charge intermittently either from local wind or solar facilities or from the grid, and deliver heat on demand 24 hours a day.
Rondo’s unique thermal core uses brick materials that have been producing steel for over a century in a new patented configuration. Charging in as little as four hours, Rondo’s patented “brick toaster” rapidly and uniformly heats these brick materials to deliver continuous, constant temperature heat, 24 hours a day.
Applications and Industries
From food processing to fuel production, from cogeneration to calcination, the RHB delivers energy in the form needed for more than 90% of the world’s industrial process heat. RHBs are easily configured to serve the unique capacity and temperature requirements of each facility. The RHB units announced today are direct drop-in replacements for large industrial boilers.
Rondo’s simple, low-cost technology delivers unique value in these key areas:
Rondo Heat Batteries enable a simple, practical switch to zero-emission electricity as the source of continuous high-temperature heat for processes across a range of industries, including steel, cement, chemical, pharmaceutical, low-carbon fuels, food and beverage, and mining industries. Unlike electric furnaces or electric boilers, Rondo Heat Batteries are a load that follows the available renewable generation, being dispatched by the grid operator or the renewable energy fields to charge but delivering consistent firm heat to the industrial facilities.
As a result, RHBs deliver electrification at the absolute lowest cost and create no additional peak loads on the electricity grid, while enabling the integration of more renewable electricity generation. Rondo Heat Batteries maintain continuous output power (95% annual capacity factor) while operating on input power as low as 15% capacity factor (4 hours a day).
Beyond direct industrial heat supply, the RHB is a least-cost source of energy for other applications, including district heating and combined heat and power, providing 24/7 clean heat and power.
Rondo SVP Jeremy Keller said, “Rondo’s mission is simple: lower cost heat and energy for large industrial processes. We’ve been excited by the work now underway with key customers. We’re finding that deep emission reductions are now both practical and affordable for many of the world’s most energy-intensive facilities. Our studies of customer facilities are showing 50% to 90% reductions in emissions and reductions in operating costs of 30% or more.”
Rondo Heat Batteries deliver large, concentrated, permanent emissions reductions and provide an immediate, low-cost, practical way to repower the giant industrial heat market. A single RHB300 eliminates more than 40,000 tons CO2 per year-- more than is eliminated by 8,700 electric vehicles. Replacing just the industrial heat used today in California with RHB zero-carbon heat would eliminate five times more CO2 than all of the EVs on the road in the US today (13.6M EVs).
“With early manufacturing now underway, Rondo is open for business. We’re thrilled to be announcing the launch of the RHB100 and RHB300 and look forward to serving our customers with first installations in 2023,” said Rondo CEO John O’Donnell.
“The Rondo Heat Battery could prove critical to eliminating emissions, and its commercial availability will help companies turn to its zero carbon heat for their processes,” said Carmichael Roberts, Breakthrough Energy Ventures. “The Rondo Heat Battery will help companies in industries such as cement, fuels, food and water desalination to begin leveraging the falling costs of renewables without modifying their facilities.”
To download the RHB datasheet or to configure and purchase an RHB for your facility, get started on our website at rondo.com/products.
Rondo Energy is backed by Bill Gates-founded Breakthrough Energy Ventures and utility-backed Energy Impact Partners.
About Rondo Energy:
Rondo Energy, the leading provider of zero-carbon industrial heat, makes industrial decarbonization possible — and profitable — today. The Rondo Heat Battery captures low-cost renewable electricity and delivers continuous high-temperature heat, enabling customers to power their operations with zero-carbon energy. Learn more at rondo.com/products.
About Breakthrough Energy Ventures
Founded by Bill Gates and backed by many of the world’s top business leaders, BEV has raised more than $2 billion in committed capital to support cutting-edge companies that are leading the world to net-zero emissions. BEV is a purpose-built investment firm that is seeking to invest, launch and scale global companies that will eliminate GHG emissions throughout the economy as soon as possible. BEV seeks true breakthroughs and is committed to supporting these entrepreneurs and companies by bringing to bear a unique combination of technical, operational, market and policy expertise.
BEV is a part of Breakthrough Energy, a network of investment vehicles, philanthropic programs, policy advocacy and other activities committed to scaling the technologies we need to reach net-zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.
About Energy Impact Partners
Energy Impact Partners, LP (EIP) is a global venture capital firm leading the transition to a sustainable future. EIP brings together entrepreneurs and the world's most forward-looking energy and industrial companies to advance innovation. With over $2 billion in assets under management, EIP invests globally across venture, growth, credit, and infrastructure – and has a team of nearly 60 professionals based in its offices in New York, San Francisco, Palm Beach, London, Cologne, and Oslo. For more information about Energy Impact Partners, please visit www.energyimpactpartners.com.
Maddie Coe
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Walter Lynch joins Resilient after a successful career in the water and waste sectors where he was most recently the CEO at American Water, the largest investor-owned water and wastewater utility in the United States.
PORTLAND, Ore.--(BUSINESS WIRE)--Resilient Infrastructure Group™ is pleased to announce that industry veteran Walter Lynch has joined the team as a Senior Advisor to the Board of Directors. Resilient develops and invests in transformative water, wastewater and related renewable natural gas solutions that meet our clients’ site-specific business, financial, and sustainability objectives.
Walter’s water and wastewater utility experience includes multiple senior level positions within American Water across several regions, serving his last 14 years with the company as both the CEO and COO. Prior to American Water, Walter was a successful entrepreneur in the resource recovery sector, selling his business to Waste Management and working as an executive for Synagro, a leading company in the residuals industry. As a recognized industry advocate, he has served on numerous boards, including the National Association of Water Companies and the Water Research Foundation, among many others.
“Walter brings a unique perspective to our value creation and growth plans given his decades of expertise in leading both regulated and non-regulated utility operations,” said Ben Vitale, CEO and Board Member. “Walter’s experience driving organic growth as well as the pursuit of strategic acquisitions across the water, wastewater and resource recovery sectors, including at Synagro, further strengthens our water infrastructure capabilities and renewable natural gas investments which are both experiencing rapid growth,” added Bar Littlefield, Resilient’s Lead Operating Director.
“We are fortunate to have Walter join us as we continue to pursue a broad range of opportunities across multiple segments of the water industry and the renewable gas segments,” said Bill Brennan, President. “I have worked with Walter over the last two decades and there is no finer executive in the industry who has successfully executed tactically and developed a strategic direction to take advantage of how the water industry needs to evolve in the 21st century.”
“I am excited to join the Resilient team, which allows me to share my broad industry experience to assist in their goals of rapid growth and customer value creation,” said Lynch. “The team around Ben Vitale and Bill Brennan has built a world class development platform to drive further growth and value creation for customers looking to solve their water scarcity, sustainability, and resilience needs in a changing and dynamic environment. I am looking forward to working with the strong management team, Partners Group and the outstanding Board of Directors to take Resilient Infrastructure Group to the next level.”
Partners Group, a leading global private markets firm, acting on behalf of its clients, acquired Resilient Infrastructure Group in 2021.
About Resilient Infrastructure Group™
Resilient Infrastructure Group™ (Resilient) develops, funds, and manages a portfolio of wastewater, water and related infrastructure assets in the U.S. and Canada. Resilient was acquired by Partners Group in 2021 to drive growth in the utility “as a service” model for private and public clients. The firm’s approach, water industry experience and strong financial backing allow it to provide flexible client options to fund a range of asset-heavy infrastructure, including project development and technology rollout. The company is headquartered in Portland, Oregon.
For more information, please visit www.resilient-ig.com
Resilient Infrastructure Group Media Contact
Ben Vitale
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202.297.9003
Women in Trucking honors leading employers for women
GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, has been named a 2022 Top Company for Women to Work for in Transportation year over year by Redefining the Road, the official magazine of the Women in Trucking Association (WIT).
WIT recognized companies for their efforts in the following:
“We are excited that there’s been a significant uptick in women interested in pursuing a career in trucking,” said Schneider Executive Vice President of Human Resources Angela Fish. “We are incredibly proud to be recognized as a leader in increasing accessibility and removing fundamental obstacles that have long deterred women from entering the industry.”
Schneider has created an environment where women feel comfortable and can advance their trucking careers, exemplified by their leadership mentor program in which 47% of participants are women.
KayLeigh McCall, driver and training engineer at Schneider, serves as WIT’s Driver Ambassador. While shipping across the country, McCall encourages more women to join the industry and raises awareness around gender equity.
“I continue to be humbled to serve in this role and encourage all women to consider a career in trucking,” said McCall. “I have been unbelievably fortunate that Schneider facilitates a safe and inclusive culture that empowers women, no matter the age, to discover their passion for driving.”
Schneider will be formally recognized at the WIT Accelerate! Conference & Expo this week in Texas.
To learn more about how Schneider supports women in the industry, visit: https://schneider.com/company/corporate-responsibility/diversity-equity-inclusion
About Schneider
Schneider is a premier provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Source: Schneider SNDR
Kara Leiterman, Media Relations Manager
M 920-370-7188
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PASADENA, Calif.--(BUSINESS WIRE)--#MITgrad--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, sustainable infrastructure, and renewable energy, announced today that the Board of Directors has appointed Christiana Obiaya as its newest Board Member. Ms. Obiaya joins the Board effective January 2, 2023, and will serve on the Audit and Strategic Planning and Enterprise Risk Committees.
Ms. Obiaya brings to Tetra Tech’s Board approximately 20 years of experience in strategy, finance, and project management focused on energy and infrastructure development and sustainable technologies. She is Chief Financial Officer of Heliogen, a renewable energy technology company that uses AI-enabled solar technology to support the clean energy transition. She also serves as Head of Heliogen's Executive Committee.
From 2017 to 2021, Ms. Obiaya served as Chief Financial Officer and head of strategy for Bechtel’s multi-billion-dollar, global Energy business unit. She also held various leadership roles at Bechtel in finance, strategy, and project development, investment, and execution from 2010 to 2017. Prior to joining Bechtel, Ms. Obiaya worked on renewable energy projects supporting energy access for rural communities in Kenya and India from 2008 to 2009. She began her career as an engineer at a multinational consumer goods company from 2004 to 2008, designing products and scaling up manufacturing processes.
“Tetra Tech is pleased to welcome Ms. Obiaya, who brings extraordinary experience in finance, strategy, and renewable energy project development,” said Dan Batrack, Tetra Tech Chairman and CEO. “Her combined expertise affords her unique insight into the critical role of our project managers and technical experts in creating technology-enabled solutions that support our clients’ long-term sustainability and decarbonization goals.”
Ms. Obiaya holds a Master of Business Administration and a Bachelor of Science in Chemical Engineering from the Massachusetts Institute of Technology.
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex water, environment, sustainable infrastructure, renewable energy, and international development problems. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
Any statements made in this release that are not based on historical facts are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
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Carrier recognized for helping Ulta Beauty better align with sustainability goals
GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, is proud to announce the company has been recognized as a valued carrier by Ulta Beauty.
At the Ulta Beauty Transportation Conference in September, Schneider received an award in recognition of one of Ulta Beauty’s core values – “Love what you do, own what you do.” Schneider has been a reliable carrier for Ulta Beauty for over seven years, meeting and exceeding their daily metrics requirements and consistently finding unique routes of improvement to strengthen the supply chain process.
“We are honored to have been selected for this award by Ulta Beauty,” said Schneider Senior Vice President of Transportation Management Ben Schuchart. “Schneider strives to be the premier provider for customers, providing them with agile and timely solutions to further their business goals. In this instance, we were able to work as a trusted and expert resource for Ulta Beauty to reduce their carbon footprint and create a sustainable supply chain for the long term.”
This past year, Ulta Beauty benefited from Schneider’s expertise in transportation sustainability. The carrier completed a network study for Ulta Beauty to convert a part of their supply chain to intermodal operations to better align with their overarching sustainability goals. Moving freight by rail has significant environmental benefits – a container can be shipped 500 miles on the equivalent of a single gallon of fuel. This past quarter, Schneider successfully executed Ulta Beauty’s first intermodal shipments.
Schneider’s focus remains on providing customers with excellent service and their promise of always delivering. To learn more about sustainability at Schneider, visit: https://schneider.com/company/corporate-responsibility/sustainability.
About Schneider
Schneider is a premier provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.
With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.
For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.
Kara Leiterman, Media Relations Manager
M 920-370-7188
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VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has expanded the role of Jeff Mason, Vice President of Operations, to include additional Company authority and delegation. In this role, Jeff will continue to strategically lead operations to ensure quality and efficiency in supply chain, logistics and manufacturing.
Mr. Mason served as the Director of Manufacturing of Flux Power from 2020 to 2021, and Vice President of Operations since December 2021. Prior to joining the Company, Mr. Mason was the plant manager at NEO Tech, and has also worked at Sumitomo Electric Interconnect Products, Inc., Radio Design Labs, Inc., and Motorola Inc. during his career.
In this expanded position, Jeff’s responsibilities will include: the execution of the company’s operations, logistics, and manufacturing to ensure efficient delivery of growing purchase orders, improving backlog and continued expansion of margins through improved sourcing and supply chain management, and continual process improvement.
About Flux Power Holdings, Inc.
Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, deferral of shipments, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to obtain the necessary funds under the credit facilities, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products, and Flux Power’s ability to negotiate and enter into a definitive agreement in connection with the Letter of Intent. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
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Media & Investor Relations:
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External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
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www.mzgroup.us
THE WOODLANDS, Texas & ARLINGTON, Texas--(BUSINESS WIRE)--Priority Power Management, Inc. ("Priority Power" or the "Company"), a leader in energy optimization and infrastructure offering smart energy solutions and streamlined transitions to carbon neutrality, announced that it successfully refinanced its existing debt and increased its credit facility from $85 million to $250 million. Priority Power Management LLC, a wholly-owned subsidiary of Priority Power, executed the new five-year credit agreement comprising a $150 million revolving credit facility, $50 million term loan and $50 million revolver accordion.
The new credit facility allows Priority Power to build upon its track record of successful growth, including four closed acquisitions since 2021. The company currently manages approximately $3 billion of energy spend for its 7,000+ clients across over 40 states in the U.S. and has completed $0.3 billion of energy infrastructure projects with an additional $1 billion in various stages of development.
“Priority Power has become a trusted industry leader over its 20+ year history, and this new credit facility is a clear reflection of the Company’s recent growth to date and robust future outlook," said Joe Loner, CFO of Priority Power. “The combination of flexible and cost-efficient capital with a premier group of financial institutions will allow Priority Power to continue our calculated growth strategy. I would like to thank the teams at BMO Capital Markets, Bank of America, First Horizon, Citibank and Regions Bank for their partnership with the Company and efforts completing this transaction.”
“BMO has a strong relationship with Priority Power, and we’re impressed with its growth and trajectory,” said Brad Chapin, Global Head Corporate Banking, BMO Capital Markets. “Partnering with Priority Power, a leader in decarbonization, fits well with our ambition to be our clients’ lead partner in the transition to a net-zero world.”
“I am proud of our team’s accomplishments and thankful to our lending partners for completing the refinancing,” said Brandon Schwertner, CEO, Priority Power. “This new credit facility combined with the banks we are partnering with will further accelerate our growth objectives and allow us to continue carrying out our mission of leading the energy transition with innovative client-focused solutions built upon integrity, trust, and transparency.”
BMO Harris Bank, N.A. is acting as administrative agent, with BMO Capital Markets, BofA Securities, Inc. and First Horizon Bank serving as Joint Lead Arrangers.
White & Case LLP served as counsel to Priority Power and Paul Hastings LP acted as counsel to BMO Harris Bank, N.A. and other lenders.
About Priority Power:
Priority Power is leading the Energy Transition with innovative client-focused solutions built upon integrity, trust and transparency.
Backed by funds managed by Oaktree Capital Management and Ara Partners, Priority Power serves over 7,000 clients, totaling $3 billion in energy spend, across nearly every industry and vertical, and has over $0.3 billion of energy infrastructure projects completed and approximately $1 billion in varying stages of development.
Priority Power combines energy optimization and infrastructure expertise, with our proprietary technology, PriorityView, to help largescale commercial/industrial businesses achieve decarbonization and sustainability goals while also maximizing savings and efficiency. For more information on Priority Power, please visit www.prioritypower.com and https://www.linkedin.com/company/priority-power/.
Katherine Tappan
Investor Relations
501-951-5282
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HOUSTON & SYDNEY--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) today announced that it was awarded a five-year contract with a leading resources player to provide integrated services at six villages in Western Australia. Civeo was previously contracted to provide integrated services at four of the villages. The new contract took effect October 01, 2022 and includes options to extend the agreement by up to two years.
The new contract will incorporate accommodation, catering, and retail services; village, mine, and port site cleaning services; facilities maintenance; and the provision of health and wellbeing solutions.
It is anticipated the initial five-year commitment will generate approximately A$600m in revenues over 2022-2027. This contract was already contemplated in Civeo’s full year 2022 consolidated, adjusted EBITDA guidance of US$110 - $115 million communicated on its third quarter 2022 earnings conference call.
“This contract renewal reaffirms the strength of Civeo’s customer relationships and the high quality of our hospitality services. We are excited to grow our integrated services business by providing services to two additional villages. We look forward to capitalizing on further opportunities to grow as we maintain our commitment to top-tier service for all our customers,” said Peter McCann, Civeo’s Managing Director & Senior Vice President, Australia.
About Civeo
Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 27 lodges and villages in Canada, Australia and the U.S., with an aggregate of over 28,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.
Forward Looking Statements
Statements included in this release regarding this contract award, the expected benefits and contracted revenue visibility and other statements that are not historical facts, are forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933). Forward-looking statements include words or phrases such as "anticipate," "believe," "contemplate," "estimate," "expect," "intend," "plan," "project," "could," "may," "might," "should," "will" and words and phrases of similar import. The forward-looking statements included herein are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Risks and uncertainties with respect to forward-looking statements included herein include, among other things, risks associated with the ability of Civeo to implement its plans, forecasts and other expectations with respect to this contract, risks associated with the general nature of the accommodations industry (including lower than expected room requirements), risks associated with the level of supply and demand for oil, coal, natural gas, iron ore and other minerals, including the level of demand for coal and other natural resources from Australia, and fluctuations in the current and future prices of oil, coal, natural gas, iron ore and other minerals, risks associated with currency exchange rates, risks associated with the development of new projects, including whether such projects will continue in the future, and other factors discussed in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" sections of Civeo's annual report on Form 10-K for the year ended December 31, 2021 and other reports Civeo may file from time to time with the U.S. Securities and Exchange Commission. Each forward-looking statement contained in this release speaks only as of the date of this release. Except as required by law, Civeo expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.
Regan Nielsen
Civeo Corporation
Senior Director, Corporate Development & Investor Relations
713-510-2400
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