Business Wire News

Two C65 kW ATEX Systems Will Provide Prime Power to an Unmanned Platform

LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that Sekito, Capstone's exclusive distributor in Malaysia and Brunei, has secured an order for two 65 kW systems from a leading independent upstream oil and gas company. The microturbines will be deployed at an unmanned offshore platform on the northwest coast of Malaysia. The microturbines systems are expected to be commissioned in Fall 2023.


The latest win in Malaysia comes on the heels of Capstone's distributor Ractive Engineering in Trinidad and Tobago, who also recently secured an order for two C65 ATEX-certified microturbine systems providing a reliable power source for an unmanned gas platform located on the eastern coast of Trinidad.

"For major oil and gas companies with unique power generation requirements on offshore platforms, Capstone microturbine systems solve multiple challenges at once. Our technology operates reliably with minimal maintenance while improving energy resiliency for critical infrastructure, all while lowering the carbon footprint of these sites," said Darren Jamison, Chief Executive Officer of Capstone Green Energy. "This combination of reliability, resilience, and decarbonizing energy production is appealing to our oil and gas customers and across the various industries, as evidenced by our recent orders."

The ATEX-certified microturbines will serve as the primary power source for the unmanned drilling platform and allow the operator to increase on-platform power availability. Often used for oil and gas exploration and production, Capstone's ATEX-certified systems are designed to meet the unique requirements for offshore applications, which includes superior corrosion protection and other optional features. The new system will replace an obsolete Calnetix Power Solutions TA100 microturbine currently at the site.

The new microturbine systems will run on raw associated gas released from the wellhead, providing a highly reliable power source to the entire platform. As a result, the installation will be fully automated and operate remotely. The microturbines do not require oil or lubricants to operate, and they deliver power via state-of-the-art power electronics. This translates into higher equipment availability and longer maintenance intervals, providing a significant performance advantage when compared to traditional reciprocating engines.

"We are dedicated to finding smart, practical, and environmentally friendly ways to use energy to provide effective solutions for our customers. Our focus is on providing power generation and control systems, service, and support to our customers," said Mohd Azam, Managing Director of Sekito.

About Sekito

Sekito was established to fulfil the demand for power generation and control solutions to major industries, especially in the oil and gas sector. Our core business of power generation solutions utilizes Capstone Microturbines, which are primarily used in oil and gas applications for unmanned platforms to deliver continuous power using the wellhead gas supply. Sekito's other business lines include Electrical Panel and System Integration Services for all Low-Voltage Panel Ratings. Our range of services include design, fabrication, installation, commissioning, testing and maintenance.

About Capstone Green Energy

Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.


Contacts

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
This email address is being protected from spambots. You need JavaScript enabled to view it.

Three New Resorts Added to Vacation Company Portfolio

BOCA RATON, Fla.--(BUSINESS WIRE)--Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen Vacations,” “Bluegreen,” or the “Company”), a leading vacation ownership company, announced its recent acquisition of a 320-room resort and spa in Panama City Beach, Florida and two buildings in the Streamside at Vail Resort enclave in Vail, Colorado.


Bluegreen currently plans to convert the 320-guestroom resort and spa, formally branded and managed as a Sheraton®, to 200 rooms, consisting of studios, one bedroom, two-bedroom and presidential suites and add a new sales preview center. The property, which includes a full-service spa, four restaurants, a private marina and beach as well as pools, tennis courts and fitness center, will receive additional enhancements to building exteriors, public areas and other improvements.

The Panama City Beach Resort and Spa is Bluegreen’s second acquisition in 2022 having acquired property at Streamside at Vail in July. The company’s purchase of the Vail property will add 46 units of one-bedroom and one-bedroom loft to Bluegreen’s growing inventory and provide access to a range of amenities including clubhouse, spa, fitness center and shuttle service to local attractions. Plans are underway to renovate guest rooms, building exterior, and infrastructure in early 2023.

“Bluegreen Vacations is committed to identifying iconic destinations across the country from which to fly our flag,” said Ray Lopez, Executive Vice President, Chief Operating Officer and Chief Financial Officer of Bluegreen Vacations. “Panama City Beach, ranked among the top beach destinations in the US and the Colorado Rockies, has long been of interest to our owners. Both properties have well-established, desirable amenities which provide Bluegreen with an exciting product to offer our owners,” Mr. Lopez added.

In addition to acquiring two resorts in Panama City Beach, Florida and Vail, Colorado, Bluegreen Vacations announced it has broken ground on a new resort in Pigeon Forge, Tennessee. Slated to open in 2024, the new resort will feature 67 guest accommodations including three-bedroom presidential suites with upgraded in-room amenities designed for comfort and relaxation. The project will also include an expansive sales preview center.

“The majestic Smokey Mountains have been a popular destination among Bluegreen’s owners,” said Dusty Tonkin, Executive Vice President and Chief Sales & Marketing Officer of Bluegreen Vacations. “Adding a new resort in this region allows us to not only address our owner demand but gives us an opportunity to provide our owners with new experiences and introduce new owners to this inspiring destination,” he said.

About Bluegreen Vacations:

Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 69 Club and Club Associate Resorts and access to nearly 11,200 other hotels and resorts through partnerships and exchange networks. The Company also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties.

Please note: Construction plans and amenities are subject to change. Unit availability and inclusion into the Bluegreen Vacation Club may be delayed, is not guaranteed and is subject to meeting all applicable licensing, registration and governmental requirements.

For further information, please visit us at www.BVHCorp.com


Contacts

Bluegreen Vacations Holding Corporation Contact Info
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer
Telephone: 954-399-7193
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Bluegreen Vacations Contact Info:
Media and Public Relations: Marcia McLaughlin
Telephone: 561-912-8115
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

  • FirstLight will collaborate with New Leaf Energy to replace its Tunnel Jet fossil fuel power generation facility with a large capacity 17 MW battery to provide cleaner, more efficient energy storage
  • FirstLight and New Leaf Energy will also provide seed funding to support Operation Fuel’s workforce training program to bolster Connecticut’s growing energy efficiency and renewable energy sector

BURLINGTON, Mass. & NEW MILFORD, Conn.--(BUSINESS WIRE)--FirstLight Power, a leading clean provider of renewable energy and energy storage resources, today announced two major clean energy transition initiatives that demonstrate the company’s commitment to environmental justice, which will benefit Connecticut and the entire New England region. During an event with state leaders, local officials, and community members, FirstLight highlighted the company’s plans to retire its fossil fuel power generation facility in Preston – the last fossil unit in the company's fleet – and replace it with a large capacity 17 MW battery energy storage system.


The Tunnel Battery project will be located at the same site as FirstLight’s Tunnel Hydro facility, highlighting the opportunity to pair batteries with hydropower to supply renewable energy to Connecticut communities when it is most needed. In addition, to support the transition to a clean energy economy, FirstLight and its development partner, New Leaf Energy, announced seed funding to bolster Operation Fuel’s critical efforts to provide training to local workers as they join the state's growing energy efficiency and renewable energy workforce.

“The retirement of our Tunnel Jet facility – along with our support of Operation Fuel’s workforce training program – underscore FirstLight’s commitment to advancing the equitable decarbonization of the region’s electrical grid while ensuring that local workers have the necessary training to join Connecticut’s growing clean energy economy,” said Alicia Barton, President and CEO of FirstLight. “We are excited to be working with New Leaf Energy to develop a new emissions-free battery energy storage system that will deliver clean, safe, and reliable electricity to meet Connecticut’s growing clean energy needs. In addition, we applaud Operation Fuel for their vision to establish an equity-centered workforce training program that will provide an opportunity for all Connecticut residents to tap into the green jobs market and build the workforce necessary to achieve a carbon-free future.”

As the only year-round emergency energy assistance program in Connecticut, Operation Fuel partners with 58 organizations in the state, including nearly all the Community Action Agencies that operate the federal Low Income Home Energy Assistance Program (LIHEAP). Collectively, FirstLight and New Leaf Energy will donate $60,000 in initial seed funding to advance Operation Fuel’s vision to create a robust training program to build the clean energy workforce of the future that will play a critical role in supporting the clean energy transition in Connecticut and beyond.

“Operation Fuel is extremely grateful to FirstLight and New Leaf Energy for this generous grant that will be used to provide energy efficiency training to our staff at Operation Fuel and assist in the support of an emergency energy assistance worker at our partner fuel bank, Thames Valley Council for Community Action,” said Brenda Watson, Executive Director of Operation Fuel. “We appreciate this opportunity to expand Operation Fuel’s capabilities to become part of Connecticut’s growing energy efficiency and renewable energy efforts. This grant will also allow members of our team to become home auditors and to understand building science principles.”

Immediately following the retirement and decommissioning of the Tunnel Jet peaking facility in 2023, FirstLight will work with New Leaf Energy to design, manage, and procure the new 17 MW battery energy storage system. Construction will begin following procurement, and potentially as soon as the interconnection and permits are secured for the project – with a target of late 2024 or early 2025.

“New Leaf Energy is excited to advance this important project at FirstLight’s Tunnel Jet facility, part of an innovative collaboration that will help create hybrid renewables solutions across New England by combining solar and energy storage resources with existing generation,” said Dan Berwick, CEO of New Leaf Energy. “In addition to our work to decarbonize the region’s power generation, we are pleased to partner with FirstLight to support Operation Fuel’s important workforce training efforts.”

The retirement of the company’s last fossil fuel peaking facility follows several strategic partnerships that have further solidified FirstLight as a leading owner and operator of critical energy storage and renewable energy assets. Earlier this year, FirstLight announced a new partnership in Connecticut to advance new hybrid renewable energy projects across the state. FirstLight was part of a successful investment consortium that secured a lease in the recent NY Bight Offshore Wind auction. In addition, today’s announcement follows the company’s new strategic partnership with New Leaf Energy to develop new solar and storage generation at FirstLight’s existing hydropower facilities in Massachusetts and Connecticut. These collaborations will advance the company’s commitment to help accelerate the Northeast’s path to a fully decarbonized electric grid.

About FirstLight Power
FirstLight Power (FirstLight) is a leading clean power producer, developer, and energy storage company serving North America. With a diversified portfolio that includes over 1,400 megawatts of operating renewable energy and energy storage technologies, FirstLight specializes in hybrid solutions that pair hydroelectric, pumped-hydro storage, utility-scale solar, large-scale battery, and offshore wind assets. The company’s mission is to accelerate the decarbonization of the electric grid by supporting the development, operation, and integration of renewable energy and storage solutions to advance an electric system that is clean, reliable, affordable, and equitable. Based in Burlington, MA, with operating offices in Northfield, MA and New Milford, CT, FirstLight is a steward of more than 14,000 acres and hundreds of miles of shoreline along some of the most beautiful rivers and lakes in the Northeast. To learn more, visit www.firstlightpower.com or follow us on LinkedIn or Twitter.

About Operation Fuel
Operation Fuel is the only year-round emergency energy assistance program in Connecticut, providing help with electricity, water, natural gas, oil, and other energy bills to residents across the state. Thanks to supporters and donors, Operation Fuel is able to flip the switch for families, helping seniors, children, and people with medical conditions stay warm, keep the lights on, power devices for cooking and refrigeration, and have access to running water for drinking, hygiene, and laundry. For more information, visit www.operationfuel.org.

About New Leaf Energy
New Leaf Energy is one of the leading developers of renewable energy and energy storage projects in the United States, both distributed generation and utility scale. Established as a standalone business in 2022 and headquartered in Lowell, Mass., the company was formed out of Borrego's market-leading solar and energy storage development business and is being led by Borrego's former development business management team. New Leaf Energy partners with landowners, utilities, and local communities to secure, design and permit commercial, community and utility-scale renewable energy and energy storage projects and prepare them for sale to long-term asset owners. Together with its partners, New Leaf Energy accelerates the adoption of renewable energy in service of the goal of rapidly decarbonizing our society. For more information, visit www.newleafenergy.com.


Contacts

Media:

For FirstLight Power
Claire Belanger, Communications Manager
Cell: 585-730-1218, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Travis Small, Slowey McManus Communications
Cell: 617-538-9041, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

For Operation Fuel
Karen Paterno
Cell: 860-305-6577, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

For New Leaf Energy
Jared Connell, VP of Development, New England
Cell: 207-650-5793, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT #earnings--BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will issue a press release detailing third quarter 2022 results on Monday, November 7, 2022, after market close and will host a conference call at 5:00 p.m. EST.


Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 1-844-200-6205, (Canada) 1-833-950-0062 and (International) +1-929-526-1599; access code: 461827. A replay of the call will remain available on the BWXT website for a limited time.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 14 major operating sites in the U.S., Canada and the U.K. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXT and learn more at www.bwxt.com.


Contacts

Media Contact
Jud Simmons
Director, Media and Public Relations
434.522.6462
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Contact
Mark Kratz
Vice President, Investor Relations
980.365.4300
This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced it will release third quarter 2022 earnings results on Wednesday, October 19, 2022 after market close and will hold a live webcast and conference call.

What: Kinder Morgan Third Quarter ‘22 Earnings Results Webcast
When: October 19, 2022, at 3:30 p.m. CT, 4:30 p.m. ET
Where: http://ir.kindermorgan.com/presentations-webcasts
How: Live over the Internet by logging on to the web at the above address, or by phone (listen-only) by dialing 1-312-470-7381 and entering the passcode 9339910.

If you are unable to listen during the live webcast, the call will be archived at www.kindermorgan.com. A recording of the conference call will also be available for replay one hour after the call until the end of the day on November 19, 2022. To access the replay, please dial 1-203-369-3301 and enter passcode 42875.

About Kinder Morgan, Inc.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, 700 billion cubic feet of working natural gas storage capacity and have renewable natural gas generation capacity of approximately 2.2 Bcf per year of gross production with an additional 5.5 Bcf in development. Our pipelines transport natural gas, refined petroleum products, renewable fuels, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, renewable fuel feedstocks, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.


Contacts

Media Relations
Dave Conover
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Relations
(713) 369-9490
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.kindermorgan.com

BOZEMAN, Mont.--(BUSINESS WIRE)--#emissionsreduction--Bridger Photonics, Inc. (Bridger) today announced that its advanced aerial laser technology, Gas Mapping LiDAR™, is successfully contributing to methane emission reductions, including through a large-scale monitoring program with Canadian oil and gas producer Cenovus Energy Inc.


Bridger’s Gas Mapping LiDAR detects, locates, and quantifies methane emissions and is used by oil and gas operators throughout North America. Methane emissions from the energy industry represent a significant greenhouse gas contributor globally, and advancements in monitoring technology over the past several years have resulted in markedly improved ways to detect and measure emissions with greater effectiveness and efficiency.

Cenovus Energy Inc. has partnered with Bridger to conduct aerial methane screening across its conventional operations as part of an Alberta Energy Regulator-approved Alternative Fugitive Emissions Management Program (Alt-FEMP) pilot. Alt-FEMP allows operators to apply to use advanced technology, such as Bridger’s Gas Mapping LiDAR scans, for methane monitoring, rather than the traditional ground crew-based surveys that are otherwise currently required by Canadian regulations. In the Cenovus pilot, Bridger’s sensor mounted on a small aircraft scans production operations, resulting in imagery detailed enough to show the location, source, and size of methane emissions, enabling Cenovus to prioritize emission reduction efforts. In the fourth quarter of 2022, Bridger will perform the final round of Gas Mapping LiDAR scans for Cenovus, marking the completion of the company’s two-year Alt-FEMP pilot.

Using the data collected, Cenovus will be able to compare methane emission detection effectiveness to that of using a traditional ground-based approach. So far, the results of the pilot show methane emissions are being addressed faster and more comprehensively compared to traditional methods.

“Using the Gas Mapping LiDAR technology to identify methane emissions has enabled us to make sizable reductions. However, we still have more work ahead of us as we take meaningful action to reduce our overall greenhouse gas emissions,” said Sean Hiebert, Emissions Management Engineer at Cenovus. “Aerial detection and quantification technologies remain important tools as we continue to manage methane emissions from our operations.”

Cenovus’s Alt-FEMP pilot consists of multiple scans per year so it can assess methane emission mitigation efforts within a year, as well as between years. “Cenovus has demonstrated how operators can implement a strategic plan with an alternative technology to address and reduce emissions more efficiently,” stated Bridger’s VP of Operations, Ben Losby. “Cenovus’s approach to an Alt-FEMP using multiple scans is a great example of how advanced technologies like Gas Mapping LiDAR can help an operator to rapidly drive down emissions,” Losby added.

About Bridger Photonics, Inc.

Located in Bozeman, Montana, Bridger Photonics, Inc. provides aerial methane detection, localization, and quantification across the entire natural gas value chain. Gas Mapping LiDAR was developed using funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy and won an R&D100 Award in 2019 for the technology. Bridger’s mission is to enable clean, safe, and streamlined oil and gas operations by providing actionable data for methane emissions reduction. For more information, see www.bridgerphotonics.com.


Contacts

Press Contact: Tessa Wuertz at 406.585.2774 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Japanese green energy leader joins E.ON, Philips, Origin Energy and WiL in advancing secure, data-driven trusted distributed computing platform


TOKYO & SAN FRANCISCO--(BUSINESS WIRE)--#CleanEnergy--JERA, Japan’s largest energy generator and global innovator, announced it has led an equity investment round in the Silicon Valley-based trusted distributed computing pioneer, Intertrust.

At the heart of the JERA investment is a strategic partnership with Intertrust to develop a sophisticated digital energy management platform to help combat climate change and deliver clean energy. Robust, secure computing systems and IoT devices will all play an indispensable role in the clean energy transition. JERA and Intertrust will collaborate to address these mission-critical requirements by leveraging “Intertrust Platform™” for the deployment of secure energy systems.

“We are delighted to partner with and invest in Intertrust,” said Dr. Sami Ben Jamaa, JERA’s global chief information and digital officer. “JERA’s goal is to provide clean energy for the growing planet. We are looking forward to collaborating with Intertrust to deliver a revolutionary, new digital energy platform in which Intertrust technology will play a critical role.”

“Intertrust is honored to partner with JERA as we enter our next growth phase,” said Dr. Talal G. Shamoon, Intertrust’s chief executive officer. “JERA is a bright star in a constellation of forward-thinking, strategic investors with a bold vision to use our technology to make the world better, cleaner and more energy efficient.”

Intertrust’s entry into the energy market began in 2016 when German major RWE invested in the company. Since then, Intertrust’s digital systems with secure distributed computing technology have helped global energy companies to harness the power of renewable energy, IoT-enabled power grids that deliver Internet efficiency to the deployment of a new smart infrastructure. Intertrust’s data-driven energy technologies enable operations and management of offshore wind farms, grid planning in the face of climate change, and most recently, a unique new product, Intertrust Home, that enables operators such as telcos to partner with energy companies to deliver clean, affordable energy to their customers.

About JERA

Established in 2015, JERA is an equal joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company and produces about 30% of all electricity in Japan. JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. JERA, which stands for Japan’s Energy for a New Era, will take on the challenge of achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is supporting an energy transition in an environmentally and socially responsible manner. For more details: https://www.jera.co.jp/english/

About Intertrust

Intertrust provides trusted computing products and services to leading global corporations–from mobile, consumer electronics, and IoT manufacturers, to service providers and enterprise software platform companies. These include the world’s leading digital rights management (DRM) and technologies to enable private data exchanges for various verticals, including energy, entertainment, retail/marketing, automotive, fintech, and IoT. Founded in 1990, Intertrust is headquartered in Silicon Valley with a presence in major cities throughout Asia, Europe, and North America. The company has a legacy of invention, and its fundamental contributions in the areas of computer security and digital trust are globally recognized. Intertrust holds hundreds of patents that are key to Internet security, trust, and privacy management components of operating systems, trusted mobile code and networked operating environments, web services, and cloud computing. Additional information is available at intertrust.com, or follow us on Twitter or LinkedIn.


Contacts

For JERA:
Hirotaka Iwase
Public Relations Section, Enterprise Value Creation Group
This email address is being protected from spambots. You need JavaScript enabled to view it.

For Intertrust:
Jordan Slade
MSR Communications
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Project bolsters S&B’s energy transition expertise

HOUSTON--(BUSINESS WIRE)--#Construction--S&B Engineers and Constructors (S&B) has begun construction on Plug Power Inc.’s (NASDAQ: PLUG) Peachtree hydrogen project located in Kingsland, Georgia. The plant will utilize Plug’s proprietary electrolysis technology to produce green hydrogen, which will then be liquefied, stored, and loaded for transport. When complete, the facility will be capable of producing 15 tons of liquefied hydrogen per day.



S&B is providing the engineering, procurement and construction (EPC) services for the Peachtree site and previously completed engineering work for Plug’s Pathfinder hydrogen test facility co-located on the site.

“S&B is proud to work with Plug to design and build renewable energy solutions that support the growing hydrogen economy,” said Ray Sherman, President of S&B's Energy Transition, Power and Industrial business. “These projects position S&B and its client at the forefront of hydrogen solutions as our world moves toward a lower-carbon future.”

The Peachtree hydrogen project is expected to create more than 200 construction jobs.

“The Peachtree project is an important step to meeting increasing demand for green hydrogen solutions,” said Sanjay Shrestha, Plug’s General Manager, Energy Solutions & Chief Strategy Officer. “We selected S&B as our partner to develop North America’s green hydrogen supply network based on its reputation, expertise and ability to deliver. We look forward to the successful completion of this project.”

About S&B Engineers and Constructors

S&B Engineers and Constructors is one of the leading engineering, procurement, construction and fabrication firms in the United States. With more than 50 years of experience, S&B designs, builds and delivers world-scale projects, serving the oil and gas, petrochemicals, renewables, power and public sectors, with quality, integrity and safety. Connect with us on LinkedIn.


Contacts

Lindsay Burke, Director of Communications and Marketing
S&B Engineers and Constructors, Ltd.
This email address is being protected from spambots. You need JavaScript enabled to view it.
518.879.2101

The funding will be used to expand production at e-Zinc’s new Mississauga, ON facility and accelerate commercialization efforts

TORONTO--(BUSINESS WIRE)--#Battery--e-Zinc, the company enabling sustainable, long-duration energy storage with its zinc-air battery, announced today that it has closed a USD $7 million venture debt facility with Silicon Valley Bank. e-Zinc will use the funding to further progress its commercialization efforts and execute on high-value commercial pilot projects that provide in-field validation for its batteries.


Following e-Zinc’s recent Series A funding, this venture debt facility from Silicon Valley Bank will provide a flexible and discretionary financial buffer to expand manufacturing operations at its new facility in Mississauga, Ontario. By accelerating production of its commercial energy storage systems, e-Zinc can now deliver on upcoming testing and validation projects within the next ~18 months, such as the Toyota Tsusho Canada Inc. pilot project and its partnership with California Energy Commission (CEC).

“Through the process of finalizing this deal, e-Zinc has developed a strong relationship with Silicon Valley Bank,” said James Larsen, CEO at e-Zinc. “We are excited to work with Silicon Valley Bank as we look to strengthen financing, supply chain, and customer relationships that will positively impact our growth.”

The upcoming pilot projects will further validate that e-Zinc’s sustainable zinc-air battery can reliably provide long-duration energy storage for several days, compared to only a few hours for most other battery types. When its technology is brought to market, e-Zinc’s mission is to displace diesel generators as the standard low-emission alternative and eventually help achieve a 100 percent renewable energy future by pairing its battery with renewable energy sources.

“Silicon Valley Bank is committed to the renewable energy transition and we are excited to work with e-Zinc as it accelerates production of its innovative and impactful long-duration energy storage system,” said Graeme Millen, Managing Director and Climate Tech & Sustainability lead in Canada. “We are proud to support the company in expanding manufacturing operations as it demonstrates the value of its technology in real world settings.”

For more information, visit www.e-zinc.ca.

About e-Zinc
e-Zinc is a zinc-air battery company based in Toronto. The company’s energy storage system can be up to 80 percent more cost effective than comparable lithium-ion systems for long-duration applications. Importantly, its energy storage system can operate in cold and hot climates and is made of abundant and recyclable materials. www.e-zinc.ca.

About Silicon Valley Bank
Silicon Valley Bank, the bank of the world’s most innovative companies and investors, provides commercial banking services, expertise and insights to the technology, life science and healthcare, private equity, venture capital and premium wine industries. Silicon Valley Bank operates in centers of innovation around the world and is one of SVB’s core businesses with SVB Capital, SVB Private and SVB Securities. With global commercial banking services, Silicon Valley Bank helps address the unique needs of its dynamic, fast-growing, innovative clients. Learn more at svb.com.


Contacts

Media
Brandon Reid for e-Zinc
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DUBLIN--(BUSINESS WIRE)--The "Global Artificial Lift Market by Type (ESP, PCP, Rod Lift, Gas Lift), Mechanism (Pump Assisted (Positive Displacement, Dynamic Displacement), Gas Assisted), Well Type (Horizontal, Vertical), Application (Onshore, Offshore) and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.


The artificial lift market is projected to grow from an estimated USD 6.9 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 4.8% during the forecast period.

The primary drivers of the market include rising demand for oil across the globe and the increasing need for maximizing the production potential of mature oil & gas fields.

By mechanism, the pump assisted segment is estimated to lead the market from 2022 to 2030

The artificial lift market is segmented by mechanism into pump assisted and gas assisted. The pump assisted segment is not only expected to hold a larger market share but is also projected to witness a higher growth rate during the forecast period.

This high growth rate can be attributed to the higher adoption rate of ESP and PCPs.

By well type, the horizontal segment is projected to register a higher CAGR from 2022 to 2027

By well type, the artificial lift market is segmented into horizontal and vertical wells. Although the vertical segment is estimated to hold a larger market share, the horizontal segment is projected to grow at a higher rate during the forecast period.

This growth can be attributed to large discoveries of shale reserves and increasing hydraulic fracturing in the North American region.

Market Dynamics

Drivers

  • Advancements in Upstream Activities Concerning Unconventional Oil & Gas Reserves
  • Growing Requirement for Maximizing Production Potential of Mature Fields
  • Increase in Global Oil Demand
  • Rise in Heavy Oil Production

Restraints

  • Decreasing Capex of Oilfield Operators and Upstream Service Providers

Opportunities

  • New Oilfield Discoveries
  • Digitalization and Automation

Challenges

  • Transition Toward Adoption of Renewable Energy Sources
  • Application of Alms in Horizontal Wells

Companies Mentioned

  • AccessESP
  • Alkhorayef Petroleum
  • Baker Hughes Company
  • Borets
  • Cairn Oil & Gas
  • Camco
  • Championx
  • Distributionnow
  • Ebara Corporation
  • Halliburton
  • Jj Tech
  • Mrc Global Inc.
  • Nov Inc.
  • Novomet
  • Oilserv
  • Rimera Group
  • Schlumberger Limited
  • Tenaris
  • Valiant Artificial Lift Solutions
  • Weatherford

For more information about this report visit https://www.researchandmarkets.com/r/t4az0i


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
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NEW YORK--(BUSINESS WIRE)--#KBRA--KBRA releases recaps of Informa Connect’s SuperReturn conferences for Private Equity, Energy and Private Credit held on September 12-14 in New York and the Global Secondaries Summit held on September 27 in London.


The overall tone of all four conferences was balanced between enthusiasm for the growth of segments in the economy, such as clean energy, the resurgence and the return of conventional energy, the potential slowdown in fundraising (partly due to the “denominator effect”), the decline in private equity deal flow, and the strong macroeconomic headwinds. There was also discussion in both the SuperReturn Conference and Global Secondaries Summit about the growth in limited partner (LP)- and general partner (GP)-led secondaries, in particular single-asset continuation funds.

Following are the links for both reports:

1. SuperReturn North America’s U.S. Energy and Private Credit Conference Recaps

2. Global Secondaries Summit Conference Recap

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.


Contacts

Gilbert Ong, CFA, Senior Director
+1 (646) 731-3315
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David Dicker, CFA, Senior Director
+1 (646) 731-2449
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Stephan Richtering, Director
+44 20 8148 1065
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Thomas Speller, CFA, Senior Director, Head of European Funds
+44 20 8148 1025
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Business Development

Mauricio Noé, Senior Managing Director
+44 20 8148 1010
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Constantine Schidlovsky, Senior Director
+1 (646) 731-1338
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GAINESVILLE, Fla.--(BUSINESS WIRE)--#cademuseum--The Cade Museum for Creativity and Invention is pleased to announce NEPTUNYA Ocean Power of Boca Raton, Fla. won the 2022 Cade Prize for developing OCTOPODZ, a technology that unlocks renewable energy.


Octopodz’s new offshore wind turbine design drastically lowers energy costs through reduced weight and a floating design that eliminates the need for a separate foundation substructure. The invention could dramatically increase renewable energy adoption by power companies and other energy consumers.

The same week NEPTUNYA Ocean Power won the Cade Prize, its founder, Rodrigo Griesi, and his family became U.S. citizens. “This is my lifetime dream, to live and work in a country that attracts, supports and inspires innovation,” said Rodrigo Griesi, a Brazilian native who moved to Florida seven years ago to pursue his dream. “Winning the Cade Prize brings validation and recognition that we are on the right path, and it’s especially meaningful for me as an immigrant because it doesn’t matter where you come from, it’s purely about celebrating the innovation you are bringing to this amazing country.”

Other Cade Prize winners are:

  • Second place: Ambulero, Inc., of Miami, Fla. for a gene therapy for rare vascular diseases with the potential to prevent limb and digit loss.
  • Third place: Ilika Geospatial, Orlando, Fla. for Earth Observation Indices, transforming raw satellite data into simple metrics to track drought, crop health and fire risk.
  • Fourth place: SG Endocrine Research, LLC, Athens, Ga. for a nanoparticle for non-surgical spaying and neutering that is intravenously administered to pets.
  • Fifth place (tie): Polymer Solutions Inc., Atlanta, Ga. for its Transient, Self-Immolative Polymers, a plastic that decomposes quickly into recyclable materials.
  • Fifth place (tie): Sustainable Landfill Solutions LLC, Newberry, Fla. for RO BOX – A Modular On-site Landfill Leachate Treatment System, treating dangerous landfill runoff.
  • People’s Choice: Sustainable Landfill Solutions LLC for RO BOX – A Modular On-site Landfill Leachate Treatment System.

“We’re inspired by both the high-caliber, and record number of submissions this year,” said Richard Miles, Cade Prize Committee Chair, and son-in-law of Dr. Robert Cade, the lead inventor of Gatorade, after whom the Cade Prize is named. “We’re looking for the next big invention and are excited to celebrate innovation through the Cade Prize.”

Winners were announced October 6 at an awards ceremony in Gainesville. They will share $67,000 in cash prizes. Two teams tied for fifth place, and each winner will receive $2,000 of in-kind legal services.

The Cade Prize draws innovators from research universities and the private sector with groundbreaking, early-stage ideas before they reach the marketplace. Often, these life-changing ideas take years to materialize and become successful.

The Cade Prize began as a Florida competition and now includes Georgia and Alabama. In 2023 it will become a national competition open to competitors in all 50 U.S. states and territories, with a prize purse of more than $100,000.

The Cade Prize is sponsored by Scott R. MacKenzie, the Community Foundation of North Central Florida, Florida Trend, Cox Communications, Modern Luxury, Florida High Tech Corridor, Saliwanchik, Lloyd, & Eisenschenk, Florida Inventor Hall of Fame, GrayRobinson law firm, Meldon Law, Greater Gainesville Chamber and Aloft Hotel. Visit cademuseum.org/cadeprize to learn more.

About the Cade Museum

The mission of the Cade Museum for Creativity and Invention in Gainesville, Florida, is to transform communities by inspiring and equipping future inventors, entrepreneurs, and visionaries. Named after Mary Cade and her husband, Dr. James Robert Cade, the lead inventor of Gatorade, the project was spearheaded by their daughter, Phoebe Cade Miles, and her husband, Richard Miles, since 2006. They encourage the development of innovation ecosystems through the Cade Prize for Innovation, the Cade's proprietary Innovation Education learning framework, and its hands-on learning museum designed to promote the development of an inventive mindset which the Cade calls Inventivity™. The Cade believes every person should have access to the right to invent and innovate inherent in the DNA of the United States and works diligently in outreach efforts to bring this understanding to all, with an emphasis on the underserved. Visit cademuseum.org to learn more.


Contacts

Jody Farmer
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(352) 371 8001 x1107

Crusoe to Enhance Existing GAM Assets and Flare Mitigation Services Through Larger Scale, Advanced Operations and Technology

DENVER--(BUSINESS WIRE)--Crusoe Energy Systems LLC (Crusoe) announced today that it has acquired the operating assets of Great American Mining (GAM). The acquisition accelerates Crusoe’s Digital Flare Mitigation® (DFM) business through additional scale and customer relationships while enabling Crusoe to more efficiently reduce the impact of natural gas flaring using Crusoe’s patented DFM technologies and large-scale, advanced operational capabilities. The acquisition integrates GAM’s operations into Crusoe’s DFM systems to utilize stranded and wasted energy resources to power modular data centers and enable energy-intensive computation.

Under the terms of the agreement with GAM, Crusoe has added:

  • Operational capacity of more than 10 megawatts (MW) and approximately 4,000 ASIC computing systems
  • Commercial relationships with several large-scale energy producers in the Bakken region of North Dakota and Montana
  • A manufacturing facility in Ponchatoula, LA to be used as Crusoe’s new research and development (R&D) facility
  • 24 specialized employees to be based between Crusoe’s Denver, CO headquarters, field operational sites and GAM’s Ponchatoula, LA workshop

“We value the relationships established by Great American Mining with oil and gas producers in the Bakken oil fields, and look forward to developing these relationships to enhance and expand DFM operations wherever flaring may be a challenge,” said Crusoe’s Co-Founder and Chief Executive Officer, Chase Lochmiller. “Given Crusoe’s industry leading operational efficiency, scale and technology, we believe we can materially improve the overall performance of GAM’s existing asset base to create value and deliver even better results for clients.”

The acquisition of GAM’s assets will add approximately 9% to Crusoe’s capacity. Following the acquisition, Crusoe will have:

  • Approximately 125 flare gas-powered modular data centers deployed and operating in the field
  • Run rate capacity to reduce flaring by approximately 20 million cubic feet per day
  • A total of approximately 300 employees across 6 states
  • Deployed capacity to reduce an estimated 800,000 metric tons of CO2-equivalent emissions per year primarily through elimination of uncombusted methane from open flares, comparable to removing approximately 170,000 cars from the road

“Our belief at Great American Mining is that bitcoin mining is an important solution to stranded gas and flaring problems - problems that have frustrated the oil & gas industry’s efforts to improve environmental performance and efficient use of Earth’s natural resources for decades,” said Todd Garland, Founder and CEO of Great American Mining. “Crusoe is a trailblazing company that successfully pioneered and scaled large-format Digital Flare Mitigation technology and operations. They are the clear leader in the space and I believe Crusoe is best positioned to take our combined business to the next level.”

In April, Crusoe closed a $350 million Series C equity from notable climate and technology venture capital funds. The fundraising secured new capital to accelerate and scale Crusoe’s deployment of Digital Flare Mitigation® technology throughout the United States and abroad in line with the company’s mission to align the future of computing with the future of the climate.

About Crusoe Energy LLC

Crusoe is on a mission to align the future of computing with the future of the climate. They are the pioneers of clean computing infrastructure that reduces both the costs and the environmental impact of the world’s expanding digital economy. By unlocking stranded sources of energy to power crypto, cloud, and data centers, they are creating the future of compute-intensive innovation that reduces emissions rather than adds to them. The world’s appetite for computation, energy, and progress will never stop growing. Crusoe is here to bring energy to ideas in ways that are aligned with the needs of our climate.

To learn more, visit www.crusoeenergy.com and follow Crusoe on Linkedin and Twitter.


Contacts

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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, November 3, 2022 at 9:00 a.m. Central Time to discuss the third quarter 2022 earnings results, which will be released earlier that day. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/cignyz9w. Persons interested in Q&A participation may pre-register for the conference call and obtain a dial-in number and passcode at https://register.vevent.com/register/BI1554769b53db4165b0ca04dc6997524b. A recorded version will be available two hours after the conclusion of the conference call at https://edge.media-server.com/mmc/p/cignyz9w.


The conference call may also be accessed through the “Investors” section of NuStar Energy L.P.’s website at https://investor.nustarenergy.com.

NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/.


Contacts

Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314 / 210-410-8926

APG Acquires 49% Equity Stake in Gemini for Largest Dutch Pension Fund

Primergy to Continue Construction and Operational Management

NEW YORK--(BUSINESS WIRE)--Quinbrook Infrastructure Partners (“Quinbrook”), a specialist investment manager focused exclusively on the new infrastructure needed for the energy transition, and its portfolio company Primergy Solar (“Primergy”) announced today the sale of a minority equity stake in its US$1.2 billion Gemini Solar + Storage project outside of Las Vegas to APG, the largest pension asset manager in the Netherlands. APG has agreed to acquire a 49% equity ownership in the project on behalf of its pension fund client ABP.


Earlier this year, Quinbrook and Primergy began seeking equity partners for Gemini, a 690MWac solar plus 1,416 MWh battery energy storage facility. APG was selected by Quinbrook and Primergy following the receipt of multiple offers from a diverse group of prospective investors ranging across the industrial and financial investor landscape. APG is an experienced investor in US renewables and has several direct investments in utility-scale solar and storage assets in the US. Gemini will be APG’s largest single solar + storage investment to date. Once complete and operational in 2023, Gemini is expected to generate enough clean energy to power more than 400,000 homes during peak periods and displace 1.5 million metric tons of CO2 annually.

Gemini is currently the largest solar + storage project under construction in the US and recently closed a record breaking US$1.9 billion tax equity and debt financing led by Bank of America, Truist, KeyBanc, MUFG, and NORD/LB. Truist Securities also advised Quinbrook and Primergy on the transaction.

David Scaysbrook, co-founder and Managing Partner of Quinbrook commented, “We are very excited to welcome APG as a partner to Quinbrook and Primergy as we advance construction of such a milestone project for US clean energy. Given the scale and impact of Gemini, we felt APG was an exemplary partner for us that is differentiated by its sophisticated approach to the Gemini project and to the US renewables market more generally. Our Primergy team will continue to manage the construction and operational phases of Gemini with some exciting milestones coming up as the mammoth Gemini Project takes shape.”

Ty Daul, CEO of Primergy Solar added, “The size, innovative integration of battery storage and siting on federal lands makes Gemini one of the most sophisticated clean energy projects ever developed. We are thrilled that APG, an experienced US renewables investor, is confident in our team’s capabilities to continue to build, and then to operate and maintain one of the largest solar plants ever constructed. Gemini is one of the first large-scale projects to approach clean energy development in a holistic way that successfully integrates ecosystem management and a commitment to local partnerships as well as delivering numerous other ESG related benefits. Together with Quinbrook, we look forward to partnering with APG in delivering a monumental clean power project for Nevada.”

Steven Hason, Managing Director of Americas Real Assets for APG, stated “As a responsible investor, we are always looking for infrastructure investments that bring long-term financial returns for our pension clients and that have positive environmental and social impacts. This transaction represents an ideal opportunity to invest in a state-of-the-art energy project that will provide clean, renewable electricity for Nevada. We look forward to working with our partners who share our long-term investment goals with regard to this critical infrastructure asset.”

About Quinbrook

Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure needed to drive the energy transition in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion of equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the US, UK, and Australia. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the US, UK, and Australia.

About Primergy

Primergy is a developer, owner and operator focused on both distributed and utility scale solar PV and battery storage projects in North America with portfolios of over 8 GW of solar and battery energy storage projects in development, construction and operations in 17 different states. Primergy features a diverse and talented team with decades of experience in renewables project development, financing, construction and operations. Primergy is a portfolio company of Quinbrook Infrastructure Partners and represents Quinbrook’s principal solar and solar plus energy storage investment platform in North America.

About APG

APG is the largest pension provider in the Netherlands. With approximately €558 billion in AUM, APG invests on behalf of Dutch pension funds and their 4.8 million participants. In addition to asset management, APG provides executive consultancy, pension administration, pension communication and employer services. APG has a global presence with offices in Heerlen, Amsterdam, Brussels, New York, and Hong Kong, as well as satellite sites in Shanghai and Beijing. APG has been an active infrastructure investor since 2004, investing over €17.0 billion to date. APG's investments include assets within power & utilities, energy, telecommunications, and transport infrastructure. APG's Global Infrastructure team is comprised of 40 investment professionals. For more information, visit: https://apg.nl/en.


Contacts

Quinbrook Media:
Jennifer Pflieger
+1 (212) 446-1866
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Primergy Media:
Alex Autry
+1 (240) 346-8136
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APG Media:
Jennifer Bainbridge
+1 (917) 368-3599
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DUBLIN--(BUSINESS WIRE)--The "Concentrating Solar Power Market by Technology (Solar Power Tower, Linear Concentrating System, Dish Stirling), Operation Type (Stand-alone, Storage), Capacity (<50 MW, 50-99 MW, 100 MW & Above), End User (Utilities, EOR), Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.


The global concentrating solar power market size is estimated to be USD 6.0 Billion in 2022 and is projected to reach USD 19.9 Billion by 2027; it is projected to grow at a CAGR of 26.9% during the forecast period.

The key drivers for the concentrating solar power market include effective integration of CSP systems with thermal storage systems, and Use of CSP in desalination and enhanced oil recovery processes.

Linear concentrating systems: The second largest segment of the concentrating solar power market, by technology

Based on technology, the concentrating solar power market has been split into solar power towers, linear concentrating systems, and dish stirling technology. Linear concentrating system were estimated to account for a second largest share of the concentrating solar power market in 2021. Reduced CAPEX and widespread implementation of parabolic troughs and linear Fresnel technologies are the key factors driving the implementation of linear concentrating systems.

100 MW and Above segment is expected to emerge as the largest segment based on capacity

The concentrating solar power market has been segmented into the less than 50 MW, 50 MW to 99 MW, and 100 MW and Above based on capacity. 100 MW and Above is expected to hold the largest market share. The 100 MW and above segment is driven by the need to install concentrating solar power systems for utility power generation applications in regions such as Asia Pacific and the Middle East & Africa

Middle East & Africa is expected to be the second largest market during the forecast period.

Middle East & Africa is expected to be the second-fastest growing market due to need for water desalination, and development of renewable sectors in countries such as UAE, Saudi Arabia, and South Africa are driving the market for concentrating solar power in this region.

Market Dynamics

Drivers

  • Growing Environmental Concerns Over Carbon Emissions and Efforts to Reduce Air Pollution
  • Support from Governments to Enable Adoption of Renewable Technologies
  • Effective Integration of Csp Systems with Thermal Storage Systems

Restraints

  • Higher Cost of Generation Compared with Other Renewable Technologies

Opportunities

  • Integration of Csp in Hybrid Power Plants
  • Use of Csp in Desalination and Enhanced Oil Recovery Processes

Challenges

  • Technical Complexities of Csp Plants
  • Solar Pv is Cheaper Than Csp

Companies Mentioned

  • Aalborg Csp
  • Abengoa
  • Acciona Energy
  • Acwa Power
  • Alsolen
  • Archimede Solar Energy
  • Atlantica Yield
  • Brightsource Energy
  • Chiyoda Corporation
  • Cobra Energia
  • Enel Green Power
  • Frenell Gmbh
  • General Electric
  • Glasspoint Solar
  • Heliogen
  • Solarreserve
  • Solastor
  • Soltigua
  • Torresol Energy
  • Tsk Flagsol Engineering Gmbh

For more information about this report visit https://www.researchandmarkets.com/r/toheaz


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Standardized requirements will be instrumental for environmental credits enabling commercialization of forestry waste-derived renewable fuels

COLUMBIA, La.--(BUSINESS WIRE)--Today, the U.S. Forest Service (Forest Service), an agency of the U.S. Department of Agriculture, awarded Strategic Biofuels a cooperative agreement under its Wood Innovations Program for the first phase of a multiphase project to develop a robust, auditable cloud-based system for demonstrating compliance of forestry feedstock with the Environmental Protection Agency (EPA) regulations under the federal Renewable Fuel Standard (RFS). Strategic Biofuels is the leader in developing negative carbon footprint renewable fuels production facilities.


“Innovative biofuels technologies are emerging at a time when our forests, especially those with high wildfire risk conditions, need them the most. Passengers in the U.S. will soon be flying on airplanes powered by forest residuals from forest restoration projects and forest products facilities,” said Julie Tucker, National Wood Innovations Program Manager of Bioenergy, Biofuels, and Bioproducts, U.S. Forest Service. “Historically, forest residuals have been a disposal challenge. The Renewable Fuel Standard helps change that by giving the renewable energy sector a financial incentive to convert these unwanted forest residuals to high value biofuels and renewable electricity. EPA must ensure that forest residuals receiving credit under the Renewable Fuel Standard are qualifying feedstock. We also want them to be sustainably sourced. This initiative with Strategic Biofuels is an exciting opportunity to do that.”

The project is aimed at funding the development of a user-friendly, cost effective, and fraud-resistant gold standard tracking system that enables the forestry feedstock sector to supply the raw data that can accurately and conveniently be transmitted to the biofuel producer and validated by a third-party auditor for EPA compliance. Strategic Biofuels was selected to lead this initiative, as the company’s Louisiana Green Fuels project in Columbia, Louisiana is expected to be the first carbon negative commercial renewable fuels plant in the world using forestry feedstock. The company will lead a core team of senior leaders to execute and deliver the project including:

  • U.S. Forest Service will provide general oversight and forestry experience for the initiative, facilitate information sharing, and identify and coordinate opportunities for project input from stakeholders.
  • Weaver, one of the country’s largest providers of EPA attestation and consulting services, will bring their deep expertise in RFS compliance assurance to propose and develop reporting content and formatting, auditing protocols, and documentation methodologies.

“Creating an auditable system that fully meets EPA requirements for documenting and validating feedstock qualification, source or origin, and chain of custody currently presents significant challenges for using woody biomass as a feedstock for renewable fuels,” said Dr. Paul Schubert, CEO of Strategic Biofuels. “We appreciate the opportunity to play a lead role in establishing the tracking criteria for our industry and to use our Louisiana Green Fuels project as the model.”

The core team will be supported by an advisory team that will provide input including stakeholder identification and engagement; review and recommendations; and other work identified as needed for the success of the project. While advisory team members have not been named, it will include representatives from the National Association of State Foresters, American Loggers Council, and organizations representing private non-industrial, industrialized, and tribal forest landowners.

About the U.S. Forest Service

The U.S. Forest Service, an agency of the U.S. Department of Agriculture, manages the nation’s 154 national forests and 20 national grasslands. In addition to managing 193 million acres of land, the agency provides financial and technical assistance to diverse stakeholders engaged on forest issues and is also the largest forestry research organization in the world.

About Strategic Biofuels

Strategic Biofuels LLC is a team of energy, renewable technology, petrochemical, and project development experts focused on developing a series of deeply negative carbon footprint facilities in northern Louisiana that convert waste materials from managed forests into renewable diesel fuel and renewable naphtha. The fuel qualifies for substantial Carbon Credits under the Federal Renewable Fuel Standard Program and the California Low Carbon Fuels Standard.


Contacts

Hunter Dodson
512-448-4950
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HOUSTON--(BUSINESS WIRE)--#emissions--The American Society of Mechanical Engineers (ASME) Petroleum Division recognizes ZEVAC as this year’s recipient of the Project Excellence Award for work with CenterPoint Energy’s North Division. The announcement came during the annual gala and awards ceremony on October 1, 2022, held in the Weiss Energy Hall at the Houston Museum of Natural Science. ASME honors individuals and companies who have significantly contributed to the energy industry.



ASME seeks projects with significant global impact. The initiative, recognized for its impact, which won the 2022 award, is ZEVAC’s MINI Operational Deployment in Minneapolis, MN.

CenterPoint Energy and ZEVAC combined efforts to integrate methane mitigation equipment into maintenance crew trucks in the Minneapolis area. Through this effort, the gas maintenance crews can now capture and recycle the pipeline gas instead of venting during routine maintenance operations.

“We are lucky to have customers like CenterPoint Energy, who are focused on responsible operation, and honored to be recognized for our efforts and the impact the ZEVAC MINI provides. We value the goals and mission of ASME and greatly appreciate their acknowledgment of ZEVAC’s commitment to make the high-frequency, low-magnitude gas escapes that are part of everyday maintenance a thing of the past,” shares Doug Sahm, CTO of ZEVAC.

ASME serves a wide-ranging engineering community through quality learning, the development of codes and standards, certifications, research, conferences and publications, government relations, and other forms of outreach. They recognized the attributes making the ZEVAC MINI unique.

“The project’s primary innovative factor was making zero-emissions for gas system maintenance in urban environments scalable and cost-effective enough to become a practical standard. Public and commercial consumers are sensitive to environmental and air quality hazards. We saw that CenterPoint is focused on responsible operations while keeping natural gas safe and affordable for their customers. ZEVAC’s unique ability to reduce risk, lower total cost of operation, and enhance environmental stewardship, allowed all those needs to be met in a repeatable way,” explains Chad Murray, CEO.

ZEVAC, Based in Tulsa, OK, is a product and technology company recognized as the leader in methane mitigation equipment and applications.

To learn more about ZEVAC’s products and services, visit GetZevac.com or call 918.514.3166.


Contacts

Roxy Mounter
VP, Commercial
ZEVAC
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713.213.2624

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ:FWRD) will release its third quarter 2022 earnings after the market closes on Wednesday, October 26, 2022 and hold a conference call to discuss those results on the following day, Thursday, October 27, 2022 at 9:00 a.m. EDT. The Company’s conference call will be available online on the Investor Relations portion of the Company’s website at www.forwardaircorp.com, or by dialing (844) 291-5490, Access Code: 6420664. Since we use our Investor Relations website as a primary mechanism to communicate with our investors, investors are urged to monitor the Investor Relations portion of the Company’s website to easily find or navigate to current and pertinent information about us. A replay of the conference call will be available on the Investor Relations portion of the Company’s website at www.forwardaircorp.com beginning shortly after completion of the live call.


About Forward Air Corporation

Forward Air is a leading asset-light provider of transportation services across the United States and Canada. We provide expedited less-than-truckload services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, we offer final mile services, including delivery of heavy-bulky freight, truckload brokerage services, including dedicated fleet services; and intermodal, first-and last-mile, high-value drayage services, both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services. We are more than a transportation company. Forward is a single resource for your shipping needs. For more information, visit our website at www.forwardaircorp.com.

This press release may contain statements that might be considered forward-looking statements or predictions of future operations. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. These statements and assumptions involve certain risks and uncertainties. Actual events may differ from these expectations as specified from time to time in filings with the Securities and Exchange Commission. We assume no duty to update these statements as of any future date.


Contacts

Forward Air Corporation
Brandon Hammer, 423-636-7173
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Long-standing collaboration between ESnet and Ciena helps enable 46.1 Tbps bandwidth and intelligent network services to accelerate scientific discoveries

BERKELEY, Calif. & HANOVER, Md.--(BUSINESS WIRE)--The U.S. Department of Energy’s (DOE) Energy Sciences Network (ESnet) has deployed Ciena's (NYSE:CIEN) coherent optical technology across ESnet6 – the newest generation of the DOE’s high-performance network dedicated to science.


Providing 46.1 Terabits per second (Tbps) of bandwidth and intelligent network services, ESnet6 will support multi-petabyte dataflows typical of science research today and will also scale to manage the emerging exabyte data era of the future. ESnet6 will enable scientists to significantly advance their ability to gain insight from massive datasets produced by experiments that use large scale instruments like genome sequencers, telescope observatories, X-ray light sources and particle accelerators, among many others.

ESnet6 utilizes Ciena's Waveserver 5 powered by WaveLogic 5 Extreme to support 100GbE and 400GbE interconnectivity. Ciena’s optical technology provides reduced cost per bit per kilometer, simplified operations via a web-scale operational model, and smarter software and analytics derived from real-time network data that it reveals. These benefits are critical to ESnet6 as it fuels data for scientific discovery for tens of thousands of DOE-funded researchers at more than 50 U.S. laboratories and supercomputing facilities to research partners around the world.

“​​ESnet6 provides the foundation for the future of the DOE mission science as we enter an age where discoveries will rely on the integration of scientific experimental facilities, supercomputers and global science teams working together, regardless of location,” stated Inder Monga, Executive Director at Esnet. “ESnet6 could not be built without critical industry pioneers like Ciena. Ciena’s WaveLogic technology allows us to scale the capacity and capability of our network to support the next evolution of data-intensive science.”

“ESnet6 sets a new benchmark in network programmability, intelligence and capacity. The innovation and technology implemented within this network is truly cutting-edge and will support seamless access to data and compute resources, as well as fuel critical scientific research on things like high energy physics, climate change, genomics and astronomy,” said Steve Alexander, Chief Technology Officer at Ciena.

About ESnet

The Energy Sciences Network (ESnet) is a high-performance, unclassified network built to support scientific research. Funded by the U.S. Department of Energy’s Office of Science (SC) and managed by Lawrence Berkeley National Laboratory, ESnet provides services to more than 50 DOE research sites, including the entire National Laboratory system, its supercomputing facilities, and its major scientific instruments. ESnet also connects to over 140 research and commercial networks, permitting DOE-funded scientists to productively collaborate with partners around the world. For more information please visit https://www.es.net/.

About Ciena

Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive Network in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world’s most agile networks with automation, openness and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.

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