BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that TriMas management is scheduled to present at the Bank of America Securities 2022 Leveraged Finance Conference on Tuesday, November 29, 2022, at 10:10 a.m. ET in Boca Raton, Florida. The live webcast will be available in the Investor Relations section of the Company’s website at www.trimascorp.com or at TriMas Corporation (veracast.com).
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,500 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimascorp.com.
Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is providing an update on the Emery 17-3H well (98.725% working interest), the Brock 9-3H well (100% working interest) and the Glenn 16-3H well (100% working interest), in its Tishomingo field in Oklahoma.
Emery 17-3H Well
The Emery 17-3H well has averaged about 704 Barrels of oil equivalent per day (“BOEPD”) (547 Barrels of oil per day (“BOPD”)) for the last ten days as the well has been flowing back the completion stimulation fluid.
Wolf Regener, President and CEO, commented, “We are extremely pleased about the early performance of the Emery 17-3H well. These strong early results are occurring while the well is still flowing up casing as the tubing is scheduled to be installed in the coming weeks.
To put the well performance in perspective, the forecasted 30-day proved curve case initial production rate (IP30) utilized by our third-party engineering firm for our December 31, 2021 reserve report was 388 BOEPD (“Reserve Report IP30”), while the initial 30-day type curve used by the Company’s management for wells in the corridor assumes a 472 BOEPD IP30 rate (“Management IP30”). The Emery 17-3H well 10-day IP rate is higher than the comparable 10-day rate for both the Barnes 8-4H well that was drilled earlier this year and the Glenn 16-2H well. The Glenn 16-2H well was drilled a few years ago in the corridor and was completed with the first generation of our latest completion design. The Barnes 8-4H and the Glenn 16-2H wells ended up with IP30 rates that were about 1.5 and 1.6 times higher, respectively, than the Reserve Report IP30.
Based on the current performance of the well and the expectation that it will perform similarly to our previous core area wells, we anticipate that the well will end up with an IP30 rate that is much higher than the Reserve Report IP30 and above the Management IP30. However, there can be no assurance as to what the Emery 17-3H well’s IP30 rate or ultimate productivity will be.”
Brock 9-3H Well and Glenn 16-3H Well
The Brock 9-3H well and the Glenn 16-3H well have been successfully fracture stimulated, and our team is currently drilling out the fracture stimulation plugs. It is anticipated that flow back on both wells will start later this week.
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQX under the stock symbol KGEIF.
Cautionary Statements
In this news release and the Company’s other public disclosure: The references to barrels of oil equivalent ("Boes") reflect natural gas, natural gas liquids and oil. Boes may be misleading, particularly if used in isolation. A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves. The type curve utilized by the Company’s management is the average of the 7 Caney wells that were drilled prior to December 31st, 2021, are located in the Corridor (well names can be found on the Company’s Corporate presentation), with lateral lengths normalized to a 4,900 ft lateral length, the other assumptions are the same as in the Company’s December 31, 2021 independent reserves evaluation.
Readers should be aware that references to initial production rates and other short-term production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the results of the Company's December 31, 2021 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2021, which the Company filed on SEDAR on March 8, 2022.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the timing of and expected results from planned wells development, the anticipated IP30 rate of the Emery 17-3H well, tubing is scheduled to be installed in the coming weeks, and anticipated timing on beginning the flowback for the Brock 9-3H and Glenn 16-3H wells. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment or labor are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
For further information, contact:
Wolf E. Regener +1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com
BARCELONA, Spain--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its participation in upcoming institutional investor-focused events:
December 6, 2022: The Credit Suisse Virtual Climate Tech Conference
Eduard Casteneda, Co-founder and Chief Innovation Officer, and Matt Tractenberg, Vice President of Investor Relations will host virtual meetings with investors. Interested investors should reach out to their Credit Suisse sales contact directly.
December 13, 2022: The Janney Montgomery Scott Energy Transition Forum
Douglas Alfaro, General Manager of Wallbox North America, and Matt Tractenberg, Vice President of Investor Relations will present the company’s strategy and opportunities and host in-person meetings with investors in San Francisco. Interested investors should reach out to their Janney Montgomery sales contact directly.
December 15, 2022: UBS Virtual Electric Grid Summit
Jordi Lainz, CFO, and Matt Tractenberg, Vice President of Investor Relations will host meetings with investors at this virtual event. Interested investors should reach out to their UBS sales contact directly.
About Wallbox
Wallbox is a global technology company, dedicated to changing the way the world uses energy. Wallbox creates advanced electric vehicle charging and energy management systems that redefine users' relationship to the grid. Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in more than 110 countries. Founded in 2015 and headquartered in Barcelona, the company now employs over 1,200 people in its offices in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.
Wallbox Investor Contact:
Matt Tractenberg
VP, Investor Relations
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+1 404-574-1504
Wallbox Public Relations Contact:
Elyce Behrsin
Public Relations
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+34 622 513 358
The addition of Nicolette bolsters Galvanize's growing capabilities and expertise in sustainable real estate
SAN FRANCISCO--(BUSINESS WIRE)--Nicolette Rabadi Jaze has joined Galvanize Climate Solutions (“Galvanize”), where she will lead Environmental Social Governance (ESG) and Sustainability for Galvanize’s real estate investment strategy. Reuniting with her former colleague, Joseph Sumberg, Nicolette will be based out of Galvanize’s New York office.
Nicolette comes to Galvanize from Esusu Financial, where she was Head of Client Engagement, Communications, and ESG. Prior to Esusu, Nicolette spent 15 years in sustainability roles at Goldman Sachs and The Moody’s Corporation. Most recently, Nicolette spent six years as a Vice President at Goldman Sachs, developing operational ESG integration strategies for real estate, both within the Asset Management and Corporate Real Estate divisions. In partnership with Joseph, Nicolette was responsible for defining and integrating the first generation of ESG priorities for all GSAM private real estate funds. These efforts spanned a variety of disciplines including energy generation, resource conservation, community engagement, and diversity and inclusion.
At Galvanize, Nicolette is looking to leverage Galvanize’s in-house team of science, technology, and policy experts to craft a comprehensive sustainability framework and decarbonization program for all property types.
“Nicolette has a track record of translating her passion to create a more sustainable environment and community into practical real-world solutions for the built environment,” said Joseph Sumberg, Managing Partner & Head of Real Estate at Galvanize. “I’m excited to see the impact that we will drive when we combine her knowledge and partnerships with the technical expertise of the Galvanize platform under a mandate exclusively focused on sustainable real estate investing.”
“Throughout her professional career, Nicolette has demonstrated a deep and authentic desire to positively impact the planet and those around her,” said Katie Hall, Co-Executive Chair of Galvanize. “We believe that climate change will be one of the most consequential secular trends in the U.S. real estate market for decades to come, presenting a significant opportunity for asset acquisition and investment towards decarbonization and value creation. Nicolette’s ability to craft and implement scalable sustainability programs that drive profits for our investors fits well with Galvanize’s mission.”
“The investment community is poised to accelerate sustainable solutions in the real estate sector, representing a tremendous opportunity,” said Nicolette Rabadi Jaze, Head of ESG & Sustainability at Galvanize Sustainable Real Estate. “I’m thrilled to be joining the Galvanize team, whose deep climate expertise is equally matched by its investment rigor and approach. I am excited to bring new sustainability frameworks to life across the platform and share the success of our impact with our investors.”
ABOUT GALVANIZE CLIMATE SOLUTIONS
Galvanize Climate Solutions (“Galvanize”) is a climate-focused global investment firm built to support critical decarbonization solutions. Founded in September 2021 by Katie Hall and Tom Steyer, Galvanize invests at all stages and across asset classes, spanning seed, venture, growth, real estate and public equities. Galvanize strategies take a systems approach, utilizing a platform of integrated expertise across investment, climate science, technology and policy, aiming to accelerate the solutions that will define the climate transition and deliver compelling returns.
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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 Leveraged Finance Conference in Boca Raton, Florida on November 29, 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.
Emily Newport
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ATLANTA--(BUSINESS WIRE)--Bravo Infrastructure Group, LLC (“BIG”) announced today that it has acquired Radiance Solar, LLC, (“Radiance”), one of the largest commercial and industrial (“C&I”) solar engineering, procurement and construction (“EPC") contractors in the southeastern United States, through a capital partnership with Orion Infrastructure Capital (“OIC”).
Since 2007, Radiance has become one of the largest and longest standing EPC companies in the southeast. Radiance has installed over 125 MW of solar across ground mounts, rooftops, and canopies, including systems with battery storage. Radiance also maintains a large operations and maintenance (“O&M”) business serving assets throughout the southeast. To complete the purchase of Radiance, BIG partnered with OIC, a leading capital solutions provider to middle market infrastructure businesses with approximately $3 billion of assets under management.
Steve Newby, owner of BIG commented, “We are very excited to announce the acquisition of Radiance and our capital partnership with OIC. Radiance is a leader in the commercial and industrial EPC market and the O&M market in the southeast. We look forward to working with their outstanding team on meeting the needs of the high growth C&I solar market. Radiance will be the perfect complement to BIG’s other solar platform, Sunshine Solar, LLC, the second largest C&I mechanical installation firm in the US. With OIC as a partner, both companies are strongly capitalized, and we expect both to benefit from the significant growth and tailwinds in solar deployment.”
“OIC’s capital partnership with BIG and the acquisition of Radiance represents our collective conviction on the demand for C&I and community solar systems,” said Chris Leary, Investment Partner and Head of Infra Equity at OIC, “We believe that our structured equity solution will further support environmentally innovative distributed power generation solutions for customers focused on sustainability.”
About Radiance
Founded in 2007 and based in Atlanta, Georgia, Radiance specializes in turnkey solar power installations for commercial, institutional and utility customers. Radiance also provides customized solutions for electric municipal cooperatives in addition to O&M services. The company also offers distinct services in system design and engineering, construction, solar energy consulting, and large-scale project development. Ranked among the nation’s top solar companies, Radiance has installed over 125 MW of clean, renewable solar power throughout more than 300 sites across the southeastern US and Mexico.
For more information, please visit: www.RadianceSolar.com
About BIG
Bravo Infrastructure Group, LLC is an investment vehicle wholly-owned by Steve and Kristina Newby that is focused on investing in the transitioning energy economy. BIG is the 100% owner of both Radiance Solar, LLC and Sunshine Solar, LLC. BIG is based in Atlanta, GA.
About OIC
With approximately $3 billion in assets under management, OIC invests in North America and select international markets. OIC’s unique partnership approach – for entrepreneurs, by entrepreneurs – cultivates creative credit, equity, and growth capital solutions to help middle market businesses scale and deploy sustainable infrastructure. OIC’s target investment sectors include energy efficiency, digital infrastructure, social infrastructure, sustainable power generation, renewable fuels, waste & recycling, water, transportation, and agriculture. OIC was founded in 2015 by a team of energy and sustainability veterans, successful infrastructure investors, and former asset owners and industry operators. Across OIC’s platform is a team of 36 professionals based in New York, Houston and London.
For more information, please visit: www.OIC.com
About Sunshine Solar
Sunshine Solar, LLC (“Sunshine Solar”) is one of the leading mechanical solar installers in the country, headquartered in Marietta, GA. Sunshine Solar’s customer base includes many of the top Fortune 500 companies and EPC's nationwide, operating as a full service mechanical solar installer. From geotechnical work to driving piles, installing racking and modules for solar fields, roof-tops and parking decks, Sunshine Solar employs a highly skilled work force and is able to utilize safe work practices and quality control methods to ensure project success.
For more information, please visit: www.SunshineSolar-LLC.com
Reyno Norval
+1 (212) 292-0345
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CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) (“Rogers”) today announced that it will hold a conference call for analysts and investors on December 8, 2022 at 4:30 pm ET. The Company will discuss its growth opportunities, year-to-date performance, capital allocation priorities and other aspects of the business. The call will be hosted by Bruce Hoechner, President and CEO, Colin Gouveia, SVP and General Manager of the Elastomeric Material Solutions business unit and Ram Mayampurath, SVP and CFO. As previously announced Mr. Hoechner has decided to retire, effective December 31, 2022. The Rogers Board of Directors plans to appoint Mr. Gouveia to succeed him.
A live webcast and slide presentation will be available under the investors section of www.rogerscorp.com.
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect and connect our world. Rogers delivers innovative solutions to help our customers solve their toughest material challenges. Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV, automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more. Headquartered in Chandler, Arizona, Rogers operates manufacturing facilities in the United States, Asia and Europe, with sales offices worldwide.
Investor contact:
Steve Haymore
Phone: 480.917.6026
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Comprehensive solution tailored for radiologists to expedite patient diagnosis and treatment
SAN FRANCISCO--(BUSINESS WIRE)--#ai--Viz.ai, the leader in AI-powered disease detection and intelligent care coordination, today announced the introduction of an AI-powered radiology suite, specifically designed to alert the radiologist in their workflow of suspected diseases, prioritize worklists, and connect care teams in real-time. The Viz™ Radiology Suite integrates into the picture archiving and communication systems (PACS) of healthcare organizations to securely facilitate access to imaging data across departments and streamline patient diagnosis.
“With an increasing demand for imaging studies and a global shortage of radiologists, technologies that can be easily integrated into radiology workflows to enhance efficiency and streamline patient care are sorely needed,” said Allan Brook, M.D., FACR, FSIR, Director of Interventional Neuroradiology at Montefiore Medical Center and Professor of Radiology and Neurosurgery at Albert Einstein College of Medicine. “The Viz Radiology Suite offers radiologists important capabilities for optimizing imaging data and accelerating patient assessments with robust AI-powered features, such as real-time notifications, easy-to-use communication tools, and prioritized worklists.”
The Viz Radiology Suite provides a mobile and web image viewer with AI-powered notifications directly to the worklist, and integration with PACS, enabling efficient care coordination. Furthermore, Viz.ai provides a wide range of FDA-cleared algorithms across neurovascular, vascular, and cardiology diseases.
“We recognize the critical role that radiologists play within the healthcare ecosystem, and with this in mind, we continue to invest the necessary time and resources into understanding how we can best support them and the patients they serve,” said David Golan, PhD, chief technology officer and co-founder at Viz.ai. “As a result, we are excited to offer the Viz Radiology Suite, an AI-powered set of capabilities specifically designed for radiologists to advance patient care.”
About Viz.ai, Inc.
Viz.ai is the pioneer in the use of AI algorithms and machine learning to increase the speed of diagnosis and care, covering more than 200 million lives across 1,200+ hospitals and health systems in the U.S. and Europe. The AI-powered Viz Platform is an intelligent care coordination solution that identifies more patients with a particular disease, informs critical decisions at the point of care, and optimizes care pathways and helps improve outcomes. Backed by clinical data, the Viz Platform delivers significant value to patients, providers, and pharmaceutical and medical device companies. For more information visit viz.ai.
Erich Sandoval
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1-917-497-2867
Projecting growth, stable performance in a changing environment
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met on Friday, November 18, and conducted its annual Budget Workshop. It approved the proposed 2023 operating budget and capital plan, which will guide staff in the operation and management of Port Houston facilities and activities for the Fiscal Year 2023.
The approved 2023 Capital plans comprehend an Operating Capital Improvement Projects budget of $579 million and $99 million for Project 11 – the expansion of the Houston Ship Channel.
Capital plans continue for accelerated container capacity additions to provide efficient growth opportunities for Port Houston's customers.
The Port Commission approved tariff rate changes effective January 2023 which align fees with escalating operating costs and support infrastructure investment to keep Port Houston terminals competitive.
The Port Commission will meet next on December 6.
The Port Houston 2023 Budget Workshop Presentation can be accessed on the Financial Transparency webpage at this link: https://porthouston.com/wp-content/uploads/PHA_OperatingBudget_2023_Approved_2022-1118.pdf
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at PortHouston.com.
Lisa Ashley-Daniels, Director, Media Relations, Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
FAYETTEVILLE, Ark.--(BUSINESS WIRE)--White River Energy Corp (“White River”) (OTC: WTRV), announced the availability of a replay for their participation in a SHARE Series event. The virtual event took place on Monday, November 14, 2022. Replay information is now available by accessing the following link:
https://www.openexchange.tv/past-events
The archived replay will be available on the SHARE Series website for one year.
About White River Energy Corp
White River is a vertically integrated energy company with oil and gas exploration, production, and drilling operations on over 30,000 cumulative acres of active mineral leases in Louisiana and Mississippi.
White River Energy Investor:
This email address is being protected from spambots. You need JavaScript enabled to view it. or 1-800-203-5610
MUNICH--(BUSINESS WIRE)--#constructionintelligence--Digitisation of the AECO industry has a high potential for saving both cost and time in a construction project. However, successfully exploiting this potential equally depends on the functional richness of the software solution and the innovative power of the vendor. Thinkproject, Europe's leading SaaS provider for construction and engineering projects, is continuously innovating its portfolio. Not only is it launching new functionalities on a quarterly basis, but also introducing new solutions that simplify its customer’s business processes and services, with the goal to have a positive impact on their bottom line.
Thinkproject is now expanding its range of specialised software in the area of Common Data Environments (CDE) and Building Information Modeling (BIM) with the cloud-based Thinkproject ARCHIVE and eLearning platform Thinkproject Academy.
Targeted learning with Thinkproject Academy
Thinkproject Academy is an online learning platform that provides a digital learning and training experience for the SaaS provider's specialised CDE and BIM software. With the platform's interactive training, users can learn at their own pace and in a hands-on manner to exploit the software's potential in their projects. This facilitates the start at the beginning of the project as well as the training of new project participants who need to be trained during the project. Currently, Thinkproject Academy supports CEMAR, KAIRNIAL and CONCLUDE CDE. However, the company will gradually expand the scope of supported solutions, provide training for new features, and offer customisable training packages for specific project requirements.
Availability of project information throughout the entire lifecycle
Managing large volumes of project data and information is one of the key success factors for any construction project to reduce costs, meet schedules and be more sustainable with resources. Thinkproject ARCHIVE is the digital archiving solution that ensures project information is always easily accessible and secured – even after the project is finished. Thinkproject ARCHIVE enables construction companies to comply with legal retention requirements and safeguards that project information is available for potential warranty claims and litigation.
Thinkproject Archive helps project participants meet these requirements for the entire lifecycle of a construction project – even when their job in the project is finished. Additionally, the archive can be enriched with best practices and lessons learned as a knowledge base to be available for future projects. Archiving in the cloud allows data to be made available wherever it is needed at any time. Because Thinkproject provides and manages the cloud infrastructure, customers can focus on using the solutions and their core business.
“For more than two decades, Thinkproject’s construction cloud solutions have been helping our customers improve productivity and deliver projects on time. Thinkproject’s industry leading CDE solutions (common data environment) are helping thousands of customers to build and manage their assets” explains Hemendra Pal, Chief Product & Technology Officer. “But the real benefit for our customers derives from how the change is managed during software implementation and how well people are trained throughout the course of a project to most efficiently use the software. We provide effective training on our eLearning platform Thinkproject Academy. In addition, at project completion, our customers can now access a managed cloud offering for their project archives that takes the burden of infrastructure provisioning and management off their shoulders, while still being secure, legally compliant, and always available.”
More information:
About Thinkproject
Thinkproject is Europe's leading SaaS provider for Construction Intelligence solutions. The combination of practical experience and the intelligent use of data creates a decisive competitive advantage for customers. Thinkproject is thus at the forefront of digitization and transformation in the AECO industry. With +700 employees worldwide, Thinkproject provides 3,250 customers and more than 300,000 users in over 60 countries with digital solutions that span the entire construction project lifecycle.
For more information, visit www.thinkproject.com
Press Contact:
Stefan Ehgartner / Simon A. Löfflad
Havana Orange GmbH
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+49 (89) 92 131 51 – 0
Vivint customers will now be able to monitor their solar energy production and environmental impact directly via the Vivint app
PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, today announced a new feature for Vivint Smart Energy customers that allows them to view solar production data from their solar panels directly in the Vivint app. This feature is the next step in further integrating solar energy into the Vivint Smart Home experience and helping customers achieve a smarter, greener, and safer home that saves them money.
Monitored directly through the Vivint app, Vivint customers will have the ability to view the production of clean energy produced by their solar systems, including data on how much energy their panels generate, insights into how well their energy production is working, their potential savings over using energy from the grid, and what kind of environmental impact their system is having.
“Smart Energy has been a major focus for us over the past couple of years as we look to expand our industry-leading smart home experience for our customers,” said Evan Pack, senior vice president of energy at Vivint. “This new integration is another step towards making the home smarter as well as empowering our customers with the data they need to be smarter with their energy use. We’re excited to bring this new feature to customers and look forward to adding more features in the future.”
The new feature integrates solar panel data directly into the Vivint app, so customers are able to view all of the information about their systems in one place, creating a seamless experience and highlighting the value of their solar systems. The feature will be available to existing Vivint customers with an Enphase inverter and to customers with SolarEdge inverters that are installed by Freedom Forever, with plans to expand to additional customers in the near future. Customers will begin seeing their solar data populate in the Vivint app over the coming days.
For more information about Vivint Smart Energy, visit: vivint.com/solar
About Vivint Smart Home
Vivint is a leading smart home company in the United States. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves more than 1.9 million customers throughout the United States. For more information, visit https://www.vivint.com.
Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, including statements regarding, among other things, the Company’s plans, strategies and prospects, both business and financial, including without limitation statements regarding, among other things, the Company’s plans and strategies around Vivint Smart Energy, the technical effectiveness and financial or other benefits to customers of solar systems purchased through Vivint Smart Energy including the availability of and benefits associated with a Vivint Smart Energy customer’s ability to view solar production data from their solar systems directly in the Vivint app. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or similar expressions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties, including to those discussed in "Risk Factors" and elsewhere in the Company's most recent Annual Report on Form 10-K for the year ended December 31, 2021, which was filed on March 1, 2022, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Although Vivint Smart Home believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in those statements will be achieved or will occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Except as required by law, Vivint Smart Home does not undertake and expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. You should read the documents Vivint Smart Home has filed with the SEC, including the Form 10-K/A and the Company’s other periodic filings, for more complete information about Vivint Smart Home. These documents are available on both the EDGAR section of the SEC's website at www.sec.gov and the Investor Relations section of Vivint’s website at www.vivint.com.
Media Contact (Vivint):
Heidi Mendez
Vivint Public Relations
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BASINGSTOKE, England--(BUSINESS WIRE)--#smartgridmarket--A new study from Juniper Research has found cost savings from smart grid deployments will exceed $125 billion globally in 2027; increasing from just over $33 billion in 2022. This 279% growth will be driven by rising energy prices, with smart grid technologies playing a critical role in increasing network efficiency and optimising resource management. The Smart Grid market report identified abilities of AI-based analytics as crucial to maximising benefits of new renewable energy sources, by actively balancing load and optimising energy transmission.
Smart grids are electricity networks using advanced technologies to monitor and manage transport of electricity from all generation sources to meet varying electricity demands of end users.
Smart Grid Key to Renewables-led Future
The research identified smart grid deployments as key to decarbonisation of electricity production. Smart grids will enable energy sources that produce electricity based on external elements, such as solar and wind power, to meet energy requirements more effectively, by actively balancing load and predicting surges in demand & production.
Research co-author Nick Maynard explained further: “By leveraging AI, electricity networks can ensure spikes in demand are predicted and mitigated. Smart grid vendors must focus on enhancing their models to more accurately predict usage patterns to maximise these benefits.”
Reducing Emissions Drives the Market
The research predicts smart grid deployments will result in an almost 700 million MMT (Million Metrics Tons) reduction in CO2e (Carbon Dioxide Equivalent) emissions globally in 2027; falling from 214 million in 2022. The report anticipates this will be central to meeting stringent climate change goals, alongside updating generation capabilities to feature more renewable sources, including wind and solar. The research recommends smart grid vendors must develop data ingestion engines that can analyse and interpret structured and unstructured data from disparate sources, including smart meters, network data and weather forecasts, to maximise emission reductions.
View the Smart Grid market research: https://www.juniperresearch.com/researchstore/key-vertical-markets/smart-grid-research-report
Download the whitepaper: https://www.juniperresearch.com/whitepapers/combatting-the-energy-crisis-with-smart-grids
Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.
Sam Smith, Press Relations
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Previously Announced Initiatives Enable Operational Resiliency in a Low-Priced Bitcoin Environment
Lake Mariner Operations Not Impacted by Recently Signed Moratorium in New York State
EASTON, Md.--(BUSINESS WIRE)--$WULF #Bitcoin--TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today provided an operational update and more detail regarding its cost-reduction initiatives that are underway to ensure the Company maintains greater resiliency in a low-priced Bitcoin environment. The Company also reiterated that the Lake Mariner facility is not impacted by the two-year moratorium on new permits for fossil fuel powered proof-of-work mining, which was recently signed into law by the Governor of the State of New York.
Operational Update
Mining Facilities Update
Following the Q3 2022 energization of Building 1 (50 MW) at the Lake Mariner facility in New York, TeraWulf continues to rapidly expand its self-mining capabilities. Construction activities on Building 2, also 50 MW, are substantially complete and the Company expects to achieve total capacity of 110 MW at the Lake Mariner facility in Q1 2023. Currently, the Company is operating approximately 11,000 proprietary miners and 6,500 hosted miners with plans to deploy an additional 7,000 proprietary miners in Q1 2023 at the Lake Mariner Facility. TeraWulf’s priority is to utilize the open capacity (10,000 – 12,000 slots) at Lake Mariner for self-mining but will continue to evaluate potential hosting arrangements that leverage the Company’s vertical integration and optimize capital efficiency.
The Nautilus Cryptomine facility, which has access to an initial 200 MW of mining capacity from Talen’s 2.3 GW Susquehanna Nuclear Station in Pennsylvania, with an option for an incremental 100 MW, is in the final stages of construction and is projected to begin mining at scale in Q1 2023. Pursuant to the Nautilus JV, TeraWulf owns and is expected to operate 50 MWs of mining capacity at a five-year contracted fixed rate of $0.02 per kilowatt hour, which is among the lowest power pricing in the sector. The Company has received or is awaiting delivery of approximately 15,000 miners (1.7 EH/s) to fill its 50-MW share of the Nautilus Cryptomine facility in Q1 2023. The miners for TeraWulf’s share of the Nautilus Cryptomine have been paid for and the Company does not expect any additional infrastructure related capital expenditures to be required.
TeraWulf continues to target achieving a total of approximately 6.6 EH/s of operational mining capacity across its two mining facilities in Q1 2023.
NY Crypto Moratorium Will Not Impact Lake Mariner Facility
On November 22, 2022, the Governor of the State of New York, Kathy Hochul, signed into law legislation that had been approved earlier this year by the State Assembly, which restricts the issuance of new air permits for proof-of-work mining operations sourcing energy from fossil fueled power plants.
This bill does not impact operations at TeraWulf’s Lake Mariner Facility in New York as the facility does not source energy directly from a fossil fuel power plant, but rather utilizes >91% sustainable, zero-carbon energy from the grid.
TeraWulf will continue to expand its sustainable mining footprint at the Lake Mariner facility and partner with the New York Power Authority (NYPA) and other state entities to participate in programs that provide the State’s grid with a significant demand energy response capability.
Management Commentary
“We are pleased with the ramp in mining operations achieved at Lake Mariner in a brief period of time and despite the difficult market environment. Given our industry leading low cost of power at our two mining facilities, we believe we are going to be one of the few players that can sustainably operate in a prolonged low-price bitcoin environment,” stated Paul Prager, Co-founder and Chief Executive Officer of TeraWulf. “The recent regulatory actions in New York serve to reinforce our belief that a sustainable, zero-carbon power strategy is critical for long-term success in the bitcoin mining industry, particularly at a time when bitcoin mining and crypto in general have come under greater regulatory scrutiny.”
About TeraWulf
TeraWulf (Nasdaq: WULF) owns and operates vertically integrated environmentally clean bitcoin mining facilities in the United States. Led by an experienced group of energy entrepreneurs, the Company is currently operating and constructing two mining facilities, Lake Mariner in New York, and Nautilus Cryptomine in Pennsylvania, with the objective of 800 MW of mining capacity deployed by 2025. TeraWulf generates domestically produced bitcoin powered by nuclear, hydro, and solar energy with a goal of utilizing 100% zero-carbon energy. With a core focus of ESG that ties directly to its business success, TeraWulf expects to offer attractive mining economics at an industrial scale.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (8) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (9) employment workforce factors, including the loss of key employees; (10) litigation relating to TeraWulf, RM 101 f/k/a/ IKONICS Corporation and/or the business combination; (11) the ability to recognize the anticipated objectives and benefits of the business combination; and (12) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at www.sec.gov.
Company Contact:
Sandy Harrison
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(410) 770-9500
Global E&C provider Black & Veatch called upon for technical insights
LONDON--(BUSINESS WIRE)--Black & Veatch has been awarded a lead role in the development of an initial 2GW of solar and battery storage by UK-based developer Amberside Energy. Black & Veatch will deliver technical advisory and support services for Amberside’s Solar & Storage Portfolio Framework Agreement.
The framework covers standalone solar PV, standalone battery, and co-located solar PV and battery sites across Great Britain. As well as planning and design of solar and battery storage systems Black & Veatch will plan and design the electricity distribution and transmission assets; in addition to managing interfaces with National Grid and distribution network operators.
“These projects add vital energy to the grid in challenging times. As both a developer and asset optimiser, Amberside Energy’s innovative and forward-thinking approach to this major solar and storage portfolio comes at a pivotal time,” commented Robbie Gibson, Associate Vice President & UK Director, Black & Veatch.
Black & Veatch’s role also encompasses creating independent energy production estimates for each site, with projects expected to range in capacity from 20MW to 100MW.
Marc Scambler, CEO of Amberside Energy, stated, “We chose Black & Veatch because of their global experience, diligent approach and alignment with our drive for engineering excellence in everything we do. This portfolio is part of our suite of plans, all chosen to support the UK in achieving its decarbonisation targets.”
Black & Veatch has been involved in more than 49,000 megawatts of solar projects across the globe and has more than 16 gigawatt/hour of battery energy storage systems project experience. To provide Amberside with strength in depth the company will be drawing upon not just UK power professionals, but expertise from across its global power business.
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
About Amberside Energy
Amberside Energy is a privately owned developer and asset optimiser delivering technically led services to investors in energy and infrastructure. With a track record of originating utility-scale solar projects and a current asset management portfolio in excess of 2,000 systems, Amberside is fast becoming a go-to consultancy for investors in the large-scale energy industry.
Black & Veatch
MALCOLM HALLSWORTH | +44 1483 319287 p | +44 7920 701764 m | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 866 496 914
Amberside Energy
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced the successful results of a comprehensive third-party study demonstrating that the Company’s commercial facilities can safely and thoroughly destroy PFAS (per- and poly-fluorinated alkyl substances) in multiple forms. Conducted at the Company’s RCRA (Resource Conservation and Recovery Act)-permitted facility in Utah, the study demonstrated that Clean Harbors’ use of high-temperature combustion destroyed greater than 99.9999% of PFAS compounds. This performance level meets the strict chemical destruction standards for many of the most dangerous and difficult to destroy hazardous wastes, such as PCBs and dioxins.
“PFAS compounds, frequently referred to as forever chemicals, represent a clear threat to the environment and human health. Prior to this study, there had been no proven, scalable methodology to permanently destroy these chemicals safely and effectively,” said Eric Gerstenberg, Chief Operating Officer. “We engaged several outside engineering and environmental firms to design a program for us to conduct thorough testing of stack emissions and all residue streams at one of our RCRA-permitted commercial incinerators. We then provided the comprehensive test results to Philip H. Taylor, Ph.D., a nationally recognized environmental scientist who validated the conclusion that high-temperature destruction and removal efficiency of PFAS was achieved.”
Dr. Taylor, who previously led the University of Dayton Research Institute’s Environmental Engineering Group, has more than 30 years of experience dealing with the thermal destruction of hazardous materials. With a total of more than 250 publications and conference proceedings to his credit, Dr. Taylor also has served as an environmental consultant for the U.S. Environmental Protection Agency (EPA), U.S. Department of Energy, the National Science Foundation, and the U.S. Air Force. Dr. Taylor conducted fundamental and applied research on hazardous waste destruction and was awarded the EPA STAR designation for development of the hazardous organic waste incinerability ranking.
PFAS compounds have been manufactured since the 1930s and became a primary ingredient in nonstick and waterproof coatings. After several decades, development and usage of PFAS greatly expanded with wide-ranging applications including nonstick cookware, stain-resistant carpeting, grease-resistant food packaging, corrosive-resistant pipes and wires, and eventually aqueous film-forming foam (AFFF) that became the gold standard for fighting chemical fires for over 50 years. Before scientists and health organizations recognized the potential for adverse impacts on humans and animals, PFAS became ubiquitous around the planet. In fact, today in the United States it is estimated that 97-99% of the population carries some level of PFAS in their bloodstream.
Eventually, the detrimental health effects of certain categories of PFAS became clear and addressing PFAS contaminants in various media has become a major focus of regulatory authorities across the country. While the U.S. Environmental Protection Agency (EPA) has not yet officially labeled PFAS in its many forms as hazardous, the Agency did work with major manufacturers between 2000-2006 to obtain commitments to phase out the production of two forms of PFAS – PFOA (perfluorooctanoic acid) and PFOS (perfluorooctyl sulfonate) – due to health concerns. As of 2015, the manufacture of PFOA and PFOS in the U.S. had largely ceased. In addition, several U.S. states have already begun regulating PFAS in different media, including drinking water, soil, groundwater, and in air emissions.
“One of the challenges with PFAS is that it involves compounds that, in some cases, have been used for more than 50 years,” said Gerstenberg. “Many of these chemicals continue to spread through the environment because they never degrade. There are huge stockpiles of these compounds, as well as contaminated soil and water at countless locations. These include current and former industrial facilities that produced or utilized PFAS; locations still holding AFFF firefighter foam; military bases, airports, or other industrial facilities that frequently used AFFF for years; or in drinking water where it has leached into groundwater from the soil. To date, there has been no consensus on the best method of addressing PFAS. Due to its harmful effects, including strong linkage to cancer rates and other medical conditions, there has been much emotion and even misinformation about PFAS and whether it can be safely destroyed at scale. At Clean Harbors, we have always believed that our RCRA-permitted thermal destruction units, which include state-of-the-art pollution and emission controls, would be the right answer and that data generated by this study would support our confidence in our technology.”
EA Engineering, Science, and Technology, Inc., PBC was retained by Clean Harbors to develop a PFAS destruction testing program, to conduct that testing and to report the results, under the technical oversight of Focus Environmental, Inc. The testing was conducted during the summer of 2021, and the test data and final report were then evaluated and confirmed by Dr. Taylor. The tests included sampling and analysis for 49 target PFAS analytes in incinerator process waste feed streams, treatment chemical feed streams, solid and liquid process residue streams, and incinerator stack gases. The tests included the introduction of waste containing AFFF concentrate.
The results of the 2021 testing demonstrated that common legacy and replacement PFAS – including PFOA, PFOS, PFHxS and Gen-X PFAS – are efficiently and effectively destroyed in Clean Harbors’ high-temperature thermal destruction units at levels exceeding 99.9999% of destruction. Achieving destruction of greater than 99.9999% is equivalent to demonstrating that for every million mass units of a compound introduced into the incinerator, less than one mass unit is detected at the stack. Under the testing conditions, not only were the PFAS compounds sufficiently destroyed, but ambient concentrations from stack emissions were orders of magnitude safer than any state or federal ambient air limit guideline in effect.
“We have been sharing the full results of our third-party study and the assessment of Dr. Taylor with the key regulatory authorities, many of whom are seeking dependable answers on how to best address PFAS going forward,” Gerstenberg concluded. “We believe that when these results are fully reviewed by the scientific community and regulators, they will draw the same conclusion as this third-party study: High-temperature thermal treatment is an ideal option for the safe elimination of the most dangerous members of the PFAS family.”
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Safe Harbor Statement
Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “seeks,” “should,” “estimates,” “projects,” “may,” “likely,” or similar expressions. Such statements may include, but are not limited to, statements about the Company’s potential capabilities to destroy PFAS compounds in its facilities, and other statements that are not historical facts. Such statements are based upon the beliefs and expectations of Clean Harbors’ management as of this date only and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, without limitation, those items identified as “Risk Factors” in Clean Harbors’ most recently filed Form 10-K and Form 10-Q. Forward-looking statements are neither historical facts nor assurances of future performance. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. Clean Harbors undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements other than through its filings with the Securities and Exchange Commission, which may be viewed in the “Investors” section of Clean Harbors’ website at www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
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LAS VEGAS--(BUSINESS WIRE)--$ALZN #AGREE--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), today announced that the Company is considering undertaking an exchange offer (the “Offer”) whereby it would offer debt in the form of notes in exchange for between $50 and $75 million of common stock. If the Company proceeds with the Offer, the Company presently intends to commence the Offer in early 2023 and its terms will be contained in an Offer to Exchange. If the Offer proceeds, the Company intends to apply to list the notes on the NYSE American Exchange. Until such time as the notes are listed on the NYSE American, trading in the notes will occur on the OTC.
The Offer will not be made to any person in any jurisdiction in which either the Offer, or solicitation or sale thereof, is unlawful. Any Offer will be made only by means of the Offer to Exchange. It is anticipated that the Offer will be made pursuant to the exemption from registration requirements of the Securities Act of 1933, as amended, contained in Section 3(a)(9) thereof. Under that exemption, if Common Stock exchanged is freely tradeable, the notes received in exchange therefor will be freely tradeable. If the Common Stock is restricted, the notes will be restricted to the same degree.
The complete terms and conditions of the Offer will be set forth in the Offer to Exchange and related letter of transmittal that will be furnished to holders of Common Stock upon the commencement of the Offer and also filed with the Securities and Exchange Commission on Schedule TO. Prior to making any decision to exchange their shares of Common Stock, stockholders of the Company are strongly encouraged to read the Schedule TO and related exhibits because they will contain important information about the Offer. The Schedule TO and related exhibits will be available without charge at the Securities and Exchange Commission's website at http://www.sec.gov and will be delivered without charge to all stockholders of the Company who so request it.
This press release is for informational purposes only and shall not constitute an offer to sell or exchange nor the solicitation of an offer to acquire the Common Stock or any other securities. Commencement of the proposed Offer is subject to, among other things, completion of all regulatory filings and certain regulatory approvals. Any solicitation of offers to exchange Common Stock for the notes will only be made pursuant to an Offer to Exchange and related materials to be sent by the Company to its stockholders on the commencement of the proposed exchange offer.
For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” “considering” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
BitNile Holdings Investor Contact:
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IRVINE, Calif.--(BUSINESS WIRE)--Rivian (NASDAQ: RIVN) has today announced that on Tuesday, November 29, 2022, at 11:00am ET, Rivian’s founder and CEO RJ Scaringe will participate in a fireside chat at the Redburn 2022 CEO Conference.
A live webcast of the session will be available here.
About Rivian:
Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. Learn more about the company, products, and careers at rivian.com.
Investor Contact
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Media Contact
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MILPITAS, Calif.--(BUSINESS WIRE)--$AP #ACRA--Imperalis Holding Corporation (“Imperalis” OTC: IMHC), to be renamed TurnOnGreen, Inc., an emerging electric vehicle (“EV”) electrification infrastructure solutions and premium custom power products company (“TurnOnGreen” or the “Company”), reported its financial results for the third quarter ended September 30, 2022, on its Form 10-Q filed with the Securities and Exchange Commission.
TurnOnGreen Overview
TurnOnGreen, through its wholly owned subsidiaries Digital Power Corporation (“DPC”) and TurnOnGreen Technologies, Inc. (“TOGT”), is engaged in the design, development, manufacture, and sale of highly engineered, feature-rich, high-grade power conversion and power system solutions for mission-critical applications and processes. For more than 50 years, DPC has been devoted to the perfection of power solution products that have enabled customer innovation in complex applications covering a wide range of industries. A natural outgrowth of its development of these power systems has been TOGT’s effort to apply the Company’s proprietary core power technologies to optimize the design and performance of its EV charging solutions. TOGT began commercial sales of its high-speed EV chargers and related services in mid-2021. TurnOnGreen’s charging solutions represent an entire generation of new chargers due to dramatic improvements in size reduction in electronic circuitry and higher output density. TurnOnGreen is leveraging its experience and expertise in power conversion and generation to become a leader in the high-growth EV charging solutions market.
Third quarter 2022 highlights include:
Nine months ended September 30, 2022 highlights:
Amos Kohn, the Company’s Chairman and Chief Executive Officer, stated, “We are pleased about having completed the business combination with Imperalis Holdings, which in management’s opinion will provide TurnOnGreen with access to capital via the public markets in support of the Company’s effort to build a robust EV charging infrastructure across North America, and expand the footprint of the power electronics business. We believe this transaction will provide value for new and existing shareholders.” Mr. Kohn continued, “We leverage our experience in power electronics and well-established 50-plus years power electronics subsidiary to support our operations, engineering and large-scale manufacturing. Our sales team continues to drive pipeline growth of our EV supply equipment, services and power electronics segments. We believe that this fundamental growth trend is the beginning of an extraordinary rate of growth which we expect for the upcoming years to come. We are committed to building an electric vehicle charging infrastructure that will accelerate the adoption of e-mobility solutions while reducing carbon emissions.”
The Company’s Chief Financial Officer, David Katzoff, said, “Based on $4.0 million revenues reported in the first nine months of 2022, we enter the fourth quarter of this year on a $5.4 million annualized revenue run rate. In September 2022, we closed the acquisition of TurnOnGreen by Imperalis, an OTC company that will allow the Company to pursue its goal of uplisting to the NASDAQ stock market. As we execute on our business plan to grow revenue, we expect to see improved profitability in the upcoming years.”
About Imperalis Holding Corp.
Imperalis Holding Corp., to be renamed TurnOnGreen, Inc., designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. The Company brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. The Company’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.TurnOnGreen.com.
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MUFG leads approximately $420 million in Green Loan construction financing and Wells Fargo to provide a tax equity commitment of $195 million for 296 MW of projects in Ohio and North Carolina
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy (“LRE” or “Company”) today announced that it has closed approximately $420 million in construction to term financing from MUFG Bank Ltd. and a $195 million tax equity commitment from Wells Fargo for its Big Plain Solar Facility located in London, Ohio and its Oak Trail Solar Facility located near Moyock, North Carolina.
MUFG served as the Green Loan Structuring Agent, Coordinating Lead Arranger and Administrative Agent for the construction to term financing, arranging financing commitments from eight financial institutions and Export Development Canada (EDC). The debt was issued under the Green Loan Principles, which aim to facilitate and support environmentally sustainable economic activity.
“We are pleased to have secured financing for our Big Plain and Oak Trail projects, marking another significant milestone in the development of our solar energy portfolio,” commented Chris Loehr, Senior Vice President of Finance. “These agreements demonstrate the continued confidence financial institutions hold in our project portfolio and performance as we continue to execute on our contracted 2022 – 2023 pipeline. We appreciate the continued support from each of our participating financial institutions, particularly under terms that help advance and enhance LRE’s own environmental and social initiatives.”
“MUFG is proud to have partnered with Leeward Renewable Energy on another important project,” said Beth Waters, Managing Director, Project Finance, MUFG. “Supporting our clients in building sustainable and renewable energy sources is a crucial tenet of our business, and we look forward to working closely with Leeward on future projects.”
In 2021, Wells Fargo established its Institute for Sustainable Finance, which supports clients and communities to accelerate the transition to an equitable, low‑carbon economy, including the deployment of $500 billion in financing to sustainable businesses and projects by 2030. Approximately $68 billion in sustainable finance was deployed in 2021.
“We are proud to provide tax equity financing to Leeward for this solar portfolio,” said Samantha Buechner, director in Wells Fargo’s Renewable Energy & Environmental Finance group. “We look forward to continuing to support Leeward and the transition to a low-carbon economy.”
The Big Plain and Oak Trail Solar facilities are currently under construction and, when completed, will provide a combined 296 megawatts (MW) of renewable energy to Verizon Communications under a long-term power purchase agreement. Both projects are expected to reach commercial operation by mid-2023.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy (LRE) is a leading renewable energy company that owns and operates a portfolio of 24 renewable energy facilities across nine states totaling approximately 2,500 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction, spanning over 100 projects. LRE is committed to providing long-term, sustainable energy solutions across all its projects that benefit its community partners while protecting and enhancing the environment. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with $121 billion in net assets (as of December 31, 2021). For more information, visit www.leewardenergy.com.
For more information:
Kelly Kimberly
713.822.7538
Liz James
281.881.5170
FGS Global
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