ATLANTA--(BUSINESS WIRE)--Williams Industrial Services Group Inc. (NYSE American: WLMS), an infrastructure and maintenance services company, will release its financial results for the second quarter ended June 30, 2022 after the financial markets close on August 11, 2022. Management will host a conference call and webcast the next morning to discuss these results; a question-and-answer session will follow.

An audio replay of the earnings call will be available later that day by dialing 412-317-6671 and entering conference ID 13731982. Alternatively, the webcast replay can be accessed at http://ir.wisgrp.com/.

About Williams Industrial Services Group

Williams Industrial Services Group Inc. has been safely helping plant owners and operators enhance asset value for more than 50 years. The Company provides a broad range of building, maintenance and support services to infrastructure customers in the energy, power and industrial end markets. Williams’ mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to its customers. Additional information can be found at www.wisgrp.com.

Investor Contact:
Chris Witty
Darrow Associates
646-345-0998
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New August 1 Legislation Reflects the State’s Commitment to Supporting Renewable Energy Initiatives

COLUMBIA, La.--(BUSINESS WIRE)--Strategic Biofuels, the leader in developing negative carbon footprint renewable fuels plants, announced today that the State of Louisiana recently enhanced its nation-leading carbon capture and sequestration (CCS) legislation with provisions that provide additional carbon dioxide (CO₂) reservoir storage security for projects in Caldwell Parish, the site of Strategic Biofuels’ Louisiana Green Fuels (LGF) Project.

The Parish-specific legislation, which goes into effect on August 1, 2022, extends the eminent domain acquisition of the pore rights for underground CO₂ storage with a prohibition of third-party drilling through the storage reservoir. This drilling ban substantially reduces the risk of stored CO₂ leakage. This legislation was passed unanimously by both houses of Louisiana’s State Legislature and signed into law by Governor John Bel Edwards as Act 163 on May 26, 2022. It received support from both the Louisiana Oil & Gas Association and the Louisiana Mid-Continent Oil & Gas Association.

The drilling ban in the law aligns the Caldwell Parish project with the carbon sequestration requirements of the California Air Resources Board’s Low Carbon Fuel Standard (LCFS) and facilitates qualification for credits for fuel delivered to that state. These credits, together with the credits under the Federal Renewable Fuel Standard and the Federal sequestration tax credits are significant contributors to the project’s revenues.

“This legislation is a major win for Strategic Biofuels and is another way that we worked together with the State and our governor to achieve numerous milestones that help ensure the LGF project succeeds,” said Dr. Paul Schubert, CEO of Strategic Biofuels. “Our working relationship with the State is a solid example of industry commitment and public policy paving the way for the unprecedented innovation of the LGF project.”

The project will produce clean renewable diesel fuel using waste wood from managed, sustainable forestry as well as all its own green power. Because both the carbon converted into fuel and the carbon permanently sequestered were first directly captured from the atmosphere by trees, the project will produce the lowest carbon footprint liquid fuel in the world.

Strategic Biofuels and the State have worked to achieve numerous milestones that will ensure that the Louisiana Green Fuels project succeeds. In February, the Governor allocated $250M of private activity bonds to the LGF project in addition to the $200M allocated the previous year. In January, the Port of Columbia was awarded a $15M grant for infrastructure improvements to help support Strategic Biofuels. This working relationship reflects the State’s focus on reaching net carbon zero by 2050 and is a solid example of industry commitment and public policy paving the way for the unprecedented innovation of the Louisiana Green Fuels project.

“I’m proud to have signed this bill into law,” said Gov. John Bel Edwards. “It advances our State’s climate initiative while bringing new opportunities for the traditional oil and gas industry and its workers. The Caldwell Parish project will bring significant economic benefits to the entire Northeastern Louisiana region.”

The law was originally introduced as HB267 to the State House by District 20 Representative, Neil Riser, and in the State Senate by Sen. Glen Womack and was signed into law as Act 163.

For more information about Strategic Biofuels or the Louisiana Green Fuels project, visit: www.strategicbiofuels.com.

About Strategic Biofuels

Strategic Biofuels LLC is a team of energy, petrochemical and renewable technology experts focused on developing a series of deeply negative carbon footprint plants 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 under the California Low Carbon Fuels Standard.

About Louisiana Green Fuels

Louisiana Green Fuels is the first of a series of projects by Strategic Biofuels LLC in Caldwell Parish, Louisiana. Located at the Port of Columbia, the plant will produce renewable diesel fuel from Renewable Fuel Standard compliant forestry waste and will produce all its own green power from sawmill and forestry waste materials. The plant and its accompanying Class VI Carbon Capture and Sequestration (CCS) Wells will produce renewable diesel fuel with a carbon footprint that is nearly a 400% reduction compared to fossil diesel, making it the most deeply carbon-negative liquid fuel in the world.

Hunter Dodson
512-448-4950
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HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (“NextDecade”) (NASDAQ: NEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with ExxonMobil LNG Asia Pacific (“EMLAP”), an ExxonMobil affiliate, for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas.

Under the SPA, EMLAP will purchase 1.0 million metric tonnes per annum (“MTPA”) of LNG. The LNG will be supplied from the first two trains of Rio Grande LNG, with the first train expected to start commercial operations as early as 2026.

“The signing of this long-term SPA with ExxonMobil, a global leader in the energy industry, represents another significant milestone for RGLNG and signifies the beginning of a mutually beneficial relationship,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “This agreement highlights the success of NextDecade’s strategy to provide customers with low carbon-intensive LNG to help them meet their carbon reduction goals, while providing them access to secure energy supply.”

“LNG will play an increasingly important role in helping society reduce emissions during the energy transition,” said Peter Clarke, Senior Vice President of LNG for the ExxonMobil Upstream Company. “We look forward to working with NextDecade to continue growing ExxonMobil’s LNG portfolio and delivering the lower-emissions energy the world needs.”

Based on current expected demand for LNG and assuming the achievement of further LNG contracting and financing, NextDecade anticipates making a positive final investment decision (“FID”) on up to three trains of the Rio Grande LNG export project in the second half of 2022, with FIDs of its remaining trains to follow thereafter.

About NextDecade Corporation

NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO₂ emissions at their industrial-scale facilities. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design,” “assume,” “budget,” “guidance,” and “forecast” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include NextDecade’s progress in the development of its LNG liquefaction and export projects and CCS projects and the timing of that progress; the timing of achieving a final investment decision on the Rio Grande LNG terminal (the “Terminal”); reliance on third-party contractors to successfully complete the Terminal, the pipeline to supply gas to the Terminal and any CCS projects; ability to develop NCS’ business though implementation of CCS projects; ability to secure additional debt and equity financing in the future to complete the Terminal and CCS projects on commercially acceptable terms; accuracy of estimated costs for the Terminal and CCS projects; ability to achieve operational characteristics of the Terminal and CCS projects, when completed, including liquefaction capacities and amount of CO₂ captured and stored, and any differences in such operational characteristics from expectations; development risks, operational hazards and regulatory approvals applicable to NextDecade's development, construction and operation activities and those of its third-party contractors and counterparties; technological innovation which may lessen NextDecade's anticipated competitive advantage or demand for its offerings; global demand for and price of LNG; availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG and CCS industries, including environmental laws and regulations that impose significant compliance costs and liabilities; scope of implementation of carbon pricing regimes aimed at reducing greenhouse gas emissions; global development and maturation of emissions reduction credit markets; adverse changes to existing or proposed carbon tax incentive regimes; global pandemics, including the 2019 novel coronavirus pandemic, the Russia-Ukraine conflict, other sources of volatility in the energy markets and their impact on NextDecade's business and operating results, including any disruptions in its operations or development of the Terminal and the health and safety of its employees, and on its customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of our securities on the Nasdaq Capital Market or another securities exchange or quotation medium; changes adversely affecting the businesses in which NextDecade is engaged; management of growth; general economic conditions; ability to generate cash; and the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. Additionally, any development of the Terminal or CCS projects remains contingent upon completing required commercial agreements, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.

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• Seabob and Kiru-Kiru wells in Stabroek block are sixth and seventh discoveries in 2022
• Guyana investment strategy continues to yield positive results; additional exploration wells planned later this year
• Production from two vessels currently operating offshore has exceeded their initial combined target of 340,000 barrels per day

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25.

The Seabob-1 well encountered approximately 131 feet (40 meters) of high-quality hydrocarbon-bearing sandstone and was drilled in 4,660 feet (1,421 meters) of water by the Stena Carron drill ship. The Kiru-Kiru-1 well encountered approximately 98 feet (30 meters) of high-quality hydrocarbon-bearing sandstone and was drilled by the Stena DrillMAX in 5,760 feet (1,756 meters) of water. Drilling operations at Kiru-Kiru are ongoing.

“ExxonMobil and its partners continue to accelerate exploration, development and production activities for the benefit of all stakeholders, including the people of Guyana,” said Liam Mallon, president of ExxonMobil Upstream Company. “The resources we are investing in and discovering offshore Guyana will provide safe, secure energy for global markets for decades to come.”

The company’s 2022 investment plans include further exploration drilling and resource development in Guyana, where it is already increasing production at an accelerated, industry-leading pace. Two floating production storage and offloading (FPSO) vessels operating offshore Guyana — Liza Destiny and Liza Unity — have exceeded their initial combined production target of 340,000 barrels of oil per day.

A third project, Payara, is expected to produce 220,000 barrels per day. Construction on its production vessel, the Prosperity FPSO, is approximately five months ahead of schedule with start-up likely before year-end 2023. The fourth project, Yellowtail, is expected to produce 250,000 barrels per day when the ONE GUYANA FPSO comes online in 2025.

Guyana’s Stabroek block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45% interest in the block. Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.

The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.

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Cautionary Statement

Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, schedules, capacities, production rates, and resource recoveries could differ materially due to: changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments including obtaining necessary regulatory permits; reservoir performance; the outcome of future exploration efforts; timely completion of development and construction projects; technical or operating factors; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com and under Item 1A. Risk Factors in our annual report on Form 10-K. References to “recoverable resources,” “oil-equivalent barrels,” and other quantifies of oil and gas include estimated quantities that are not yet classified as proved reserves under SEC definitions but are expected to be ultimately recoverable. The term “project” can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.

ExxonMobil Media Relations
(972) 940-6007

75% of project charging will be installed in disadvantaged and low income communities

Project estimated to eliminate over 1.1 million metric tons of carbon dioxide over five years

CAMPBELL, Calif.--(BUSINESS WIRE)--California-based ChargePoint, a leading electric vehicle (EV) charging network, today announced a partnership with Charge Across Town and the State of California to deploy hundreds of EV chargers at multifamily properties like apartment buildings and condo complexes across the state. Providing EV charging infrastructure at multifamily buildings will make it easier and cheaper for Californians living in apartments and condos to charge at home, helping them make the transition to electric mobility.

“As a company that was founded in California and is headquartered here, we’re honored to work with the California Energy Commission and Charge Across Town to build reliable, equitable, and accessible EV charging infrastructure for Californians,” said John Schott, Director, Public Private Partnerships, at ChargePoint. “Driving electric should be possible for everyone, and this partnership recognizes that charging should be accessible where drivers live, work and play. We’re proud of our strong track record of providing charging solutions that multifamily property owners and drivers rely on every day and look forward to continuing this important work.”

“One barrier to EV adoption is the inaccessibility to home charging, and lack of electric vehicle supply equipment infrastructure where it is needed most,” said Maureen Blanc, Director at Charge Across Town. “Working with ChargePoint in low income and disadvantaged communities, we have the opportunity to educate both multifamily building owners and residents on how EV charging works, the affordability and benefits of going electric, and the many state and local incentives available to these communities.”

As part of this work, ChargePoint has been awarded $4.25 million through the California Energy Commission’s Reliable, Equitable, and Accessible Charging for Multifamily Housing (REACH) program. Under the program, ChargePoint will partner with multifamily property owners and managers to install hundreds of CPF50 and CT4000 electric vehicle charging ports, with 75 percent reserved for buildings in disadvantaged or low income communities.

ChargePoint will also work with non-profit organization, Charge Across Town, to educate building owners and residents about the benefits of electric vehicles and how smart EV charging infrastructure makes charging at home easy and efficient. Charge Across Town’s work will include educational events at each building before and after EV chargers are installed and ongoing efforts to collect feedback from building management.

Through the project, residents living in these multifamily buildings are expected to drive over 2.7 million electric miles during the five years after the chargers are installed, eliminating more than 1.1 million metric tons of carbon dioxide-equivalent — the equivalent of planting over 18 million trees and growing them for a decade.

Currently, ChargePoint estimates a driver plugs into a ChargePoint charger every second. With EV sales expected to grow exponentially in the coming years as electric vehicles enter the market at lower price points, the nearly 4.8 million Californians living in multifamily properties will need charging solutions at home. With experience in everything from assigned, shared, and combined parking to portfolio-wide charging management software, ChargePoint is prepared to meet the unique needs of these EV drivers.

About ChargePoint

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 113 million charging sessions have been delivered, with drivers plugging into the ChargePoint network every second or less. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American or European press offices or Investor Relations.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding ChargePoint’s plans with the REACH program and the potential success or impact of any such programs on the deployment of electric vehicle charging, infrastructure, utilization of EV infrastructure or market opportunities. Any statements that are not of historical fact may be forward-looking statements. Words used such as “anticipates,” “believes,” “continues,” “designed,” “estimates,” “expects,” “goal,” “intends,” “likely,” “may,” “ongoing,” “plans,” “projects,” “pursuing,” “seeks,” “should,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. All forward-looking statements are based on our current assumptions, expectations and beliefs, and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the ongoing COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; the development, adoption and/or commercialization of fueling alternatives to electric vehicle charging; supply chain interruptions and expense increases; and unexpected delays in new product introductions. Additional risks and uncertainties that could affect our projections in this press release are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on June 7, 2022, which is available on our website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

CHPT-IR

ChargePoint
Jennifer Bowcock
VP, Communications
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Patrick Hamer
VP, Capital Markets and Investor Relations
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Distribution Represents More Than 50 Percent Increase Compared to Prior Year

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced a quarterly cash distribution of $0.23 per Energy Transfer common unit ($0.92 on an annualized basis) for the second quarter ended June 30, 2022, which will be paid on August 19, 2022 to unitholders of record as of the close of business on August 8, 2022.

The distribution per unit is more than a 50 percent increase over the second quarter of 2021 and is a 15 percent increase over the first quarter of 2022. This distribution increase represents another step in Energy Transfer’s plan to return additional value to unitholders while maintaining its target leverage ratio of 4.0x-4.5x debt-to-EBITDA. Future increases to the distribution level will be evaluated quarterly with the ultimate goal of returning distributions to the previous level of $0.305 per quarter, or $1.22 on an annual basis, while balancing the partnership’s leverage target, growth opportunities and unit buy-backs.

In addition, as previously announced, Energy Transfer plans to release earnings for the second quarter of 2022 on Wednesday, August 3, 2022, after the market closes. The company will also conduct a conference call on Wednesday, August 3, 2022 at 3:30 p.m. Central Time/4:30 p.m. Eastern Time to discuss quarterly results and provide a company update. The conference call will be broadcast live via an internet webcast, which can be accessed on Energy Transfer’s website at energytransfer.com. The call will also be available for replay on Energy Transfer’s website for a limited time.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at energytransfer.com.

Forward Looking Statements

This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results, including future distribution levels and leverage ratio, are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

This release serves as qualified notice to nominees as provided for under Treasury Regulation section 1.1446-4(b)(4) and (d). Please note that 100 percent of Energy Transfer LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Energy Transfer LP’s distributions to foreign investors are subject to federal tax withholding at the highest applicable effective tax rate. Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

The information contained in this press release is available on our website at energytransfer.com.

Investor Relations:
Bill Baerg
Brent Ratliff
Lyndsay Hannah
214-981-0795

Media Relations:
Vicki Granado
214-840-5820

SAN DIEGO--(BUSINESS WIRE)--Nuvve Holding Corp. (the “Company” or Nuvve) (NASDAQ: NVVE) today announced the pricing of a registered direct offering of (i) 2,150,000 shares of its common stock, at an offering price of $3.50 per share, (ii) pre-funded warrants to purchase 1,850,000 shares of its common stock at an offering price of 3.4999 per pre-funded warrant, which represents the per share offering price of its common stock less the $0.0001 per share exercise price for each pre-funded warrant and (iii) warrants to purchase 4,000,000 shares of its common stock, with a per share exercise price of $3.75, which are exercisable six months from closing for a period of five years.

The gross proceeds to the Company from this offering are expected to be approximately $14 million, before deducting placement agent fees and estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes. The offering is expected to close on or about July 29, 2022, subject to the satisfaction of customary closing conditions.

Craig-Hallum Capital Group LLC is acting as exclusive placement agent for the registered direct offering.

A shelf registration statement on Form S-3 (File No. 333-264462) relating to the offering of the securities described above was filed with the Securities and Exchange Commission (the “SEC”) on April 22, 2022 and declared effective by the SEC on May 05, 2022. The shares may be offered only by means of a prospectus. A final prospectus supplement and accompanying prospectus relating to and describing the terms of the offering will be filed with the SEC and made available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to the offering may also be obtained, when available, by contacting Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, Attn: Equity Capital Markets, by telephone at (612) 334-6300 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.

About Nuvve Holding Corp.

Nuvve Holding Corp. (Nasdaq: NVVE) is leading the electrification of the planet, beginning with transportation, through its intelligent energy platform. Combining the world's most advanced vehicle-to-grid (V2G) technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world's transition to clean energy. By transforming EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, Calif. and can be found online at nuvve.com.

Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The information in this press release includes “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. All statements, other than statements of present or historical fact included in this press release, regarding Nuvve and Nuvve’s strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Nuvve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. In addition, Nuvve cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) risks related to the rollout of Nuvve’s business and the timing of expected business milestones; (ii) Nuvve’s dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (iii) Nuvve’s ability to maintain effective internal controls over financial reporting (iv) Nuvve’s current dependence on sales of charging stations for most of its revenues; (v) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (vi) potential adverse effects on Nuvve’s backlog, revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (vii) the effects of competition on Nuvve’s future business; (viii) risks related to Nuvve’s dependence on its intellectual property and the risk that Nuvve’s technology could have undetected defects or errors; (ix) the risk that we conduct a portion of our operations through a joint venture exposes us to risks and uncertainties, many of which are outside of our control; (x) that our joint venture with Levo Mobility LLC may fail to generate the expected financial results, and the return may be insufficient to justify our investment of effort and/or funds; (xi) changes in applicable laws or regulations; (xii) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xiii) risks related to disruption of management time from ongoing business operations due to our joint ventures; (xiv) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (xv) the possibility that Nuvve may be adversely affected by 3 other economic, business, and/or competitive factors, including increased inflation and interest rates, and the Russian invasion of Ukraine; and (xvi) risks related to the benefits expected from the $1.2 trillion dollar infrastructure bill passed by the U.S. House of Representatives (H.R. 3684). Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Annual Report on Form 10-K filed by Nuvve with the Securities and Exchange Commission (SEC) on March 31, 2022, and in the other reports that Nuvve has, and will file from time to time with the SEC. Nuvve’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

127922336v.1

ICR Inc.
Eduardo Reyes
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646-200-8872

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today reported financial and operating results for the second quarter of 2022. A short slide presentation summarizing the highlights of Matador’s second quarter 2022 earnings release is also included on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab.

Management Summary Comments

Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “On both our website and the webcast planned for tomorrow’s earnings conference call is a set of five slides identified as ‘Chairman’s Remarks’ (Slides A through E) to add color and detail to my remarks. We invite you to review these slides in conjunction with my comments below, which are intended to provide context for the second quarter 2022 results. Matador is celebrating its ten year anniversary as a public company.

Record Results in Second Quarter 2022

“The first quarter of 2022 was a record quarter—the best quarter in Matador’s history. The second quarter of 2022 was even better, operationally and financially. Matador set new financial records across the board, including all-time quarterly highs for oil and natural gas revenues of $893 million, net income of $416 million, Adjusted EBITDA of $664 million and adjusted free cash flow of $454 million (see Slide A), and we expect the next two quarters to be strong as well.

“Matador’s production has reached an important inflection point. In March 2022, Matador averaged production of over 100,000 barrels of oil and natural gas equivalent (“BOE”) per day. During the second quarter of 2022, Matador increased its average oil and natural gas equivalent production 18% sequentially to over 110,000 BOE per day (see Slide B).

“San Mateo Midstream also delivered a record quarter, including all-time high throughput volumes for natural gas gathering and processing, oil gathering and transportation and water handling, as well as record quarterly net income for San Mateo of $42 million and record Adjusted EBITDA for San Mateo of $53 million (see Slide C).

Revolver Repaid, Bonds Repurchased and Quarterly Dividend Doubled

“During the second quarter, Matador used a portion of its free cash flow to pay down the remaining $50 million in borrowings outstanding under its reserves-based revolving credit facility. In addition, during the second quarter and through July 25, 2022, Matador repurchased $158 million of its outstanding senior notes in a series of open market transactions, reducing its outstanding bonds from $1.05 billion to $892 million today. Over the past seven quarters, beginning in the fourth quarter of 2020, Matador has reduced its outstanding debt by $633 million or approximately 42% of our then total revolving debt and senior notes outstanding. This pay down of debt was an important achievement and safety goal for Matador and its shareholders given the recent volatility in global energy markets and increasing fears of a recession by the market. Matador’s leverage ratio has now declined from 2.9x at year-end 2020 to 0.5x at the end of the second quarter of 2022, marking Matador’s lowest leverage ratio since the quarter Matador became a publicly-traded company in early 2012 (see Slide D). This pay down provides Matador a number of additional strategic options going forward.

“Given our strong results to-date and our continued confidence in Matador’s growing operational and financial strength, we were very pleased to announce at our Annual Meeting of Shareholders in June the doubling of our cash dividend from $0.20 per share to $0.40 per share on an annualized basis.

Looking Ahead and Adjusting Full Year 2022 Guidance

“Matador recently contracted a seventh drilling rig to accelerate the timing of the next phase of drilling on its Rodney Robinson leasehold in the western portion of the Antelope Ridge asset area. The seventh rig will begin drilling operations there in the third quarter of 2022. We continue to be very pleased with the well performance and strong economic results across multiple completion intervals throughout the Rodney Robinson leasehold. As a result, we have elected to accelerate the drilling of eight wells there into the second half of 2022. These wells, originally scheduled for drilling in late 2023, are anticipated to be turned to sales late in the first quarter or early in the second quarter of 2023. Presently, there are 19 producing wells on this lease. These next eight wells will increase the well count to 27.

“Despite the better-than-expected well performances across all of our asset areas, we are only increasing the midpoints of our 2022 total oil and natural gas production guidance modestly at this time from 21.5 million barrels to 21.7 million barrels for oil and from 95.0 billion cubic feet to 95.5 billion cubic feet for natural gas (see Slide E). This production growth is adversely affected at the moment by divestitures of non-core producing properties in the Eagle Ford and Haynesville, the uncertainty of the number and timing of non-operating well proposals and offset operator activity across our asset areas requiring shut-ins during completion activities. In addition, the Rodney Robinson completions in the second half of 2022 will also require shut-ins of various producing wells during completion activities there. Similar to our decision last year to accelerate the Voni completions, enabling the Voni wells to be turned to sales earlier than originally planned, the early completion of the eight Rodney Robinson wells should give us positive momentum when they are turned on late in the first quarter or early in the second quarter of next year.

“The midpoint of our 2022 capital expenditures guidance for drilling, completing and equipping wells has been increased by $125 million from $675 million to $800 million. Most of this increase is associated with the seventh rig and the accelerated drilling program at Rodney Robinson and from additional working interests obtained through acreage trades and non-operated well proposals. Only approximately $30 million of the $125 million expected increase is attributable to further service cost inflation anticipated in the second half of 2022. Our staff and field personnel have done a great job mitigating these inflationary pressures with sustainable operating efficiencies, including reduced days on well in both drilling and completions operations, simultaneous and remote fracturing operations and the use of dual-fuel fracturing operations, among other items.”

Second Quarter 2022 Financial and Operational Highlights

Net Cash Provided by Operating Activities and Adjusted Free Cash Flow

• Second quarter 2022 net cash provided by operating activities was $646.3 million (GAAP basis), leading to second quarter 2022 adjusted free cash flow (a non-GAAP financial measure) of $453.8 million.

Net Income, Earnings Per Share and Adjusted EBITDA

• Second quarter 2022 net income (GAAP basis) was $415.7 million, or $3.47 per diluted common share, a 101% sequential increase from net income of $207.1 million in the first quarter of 2022, and a 293% year-over-year increase from net income of $105.9 million in the second quarter of 2021.

• Second quarter 2022 adjusted net income (a non-GAAP financial measure) was $415.6 million, or adjusted earnings of $3.47 per diluted common share, a 50% sequential increase from adjusted net income of $277.5 million in the first quarter of 2022, and a 242% year-over-year increase from adjusted net income of $121.7 million in the second quarter of 2021.

• Second quarter 2022 adjusted earnings before interest expense, income taxes, depletion, depreciation and amortization and certain other items (“Adjusted EBITDA,” a non-GAAP financial measure) were $663.8 million, a 44% sequential increase from $461.8 million in the first quarter of 2022, and a 154% year-over-year increase from $261.0 million in the second quarter of 2021.

Oil, Natural Gas and Total Production Above Expectations

• As summarized in the table below, Matador’s second quarter 2022 average daily oil, natural gas and total production were all quarterly records and above the Company’s expectations. The majority of the higher-than-expected production resulted from better-than-expected production from the most recent 11 Voni wells and the most recent nine Rodney Robinson wells turned to sales late in the first quarter of this year. Eight more Rodney Robinson wells are expected to come online late in the first quarter or early in the second quarter of 2023.

Capital Expenditures Below Expectations

• Drilling and completion costs for the 11 gross (6.4 net) operated horizontal wells turned to sales in the second quarter of 2022 averaged $772 per completed lateral foot, an increase of 3% from average drilling and completion costs of $752 per completed lateral foot achieved in the first quarter of 2022. Additional increases in service costs are anticipated in the second half of 2022, and the Company now expects drilling and completion costs of approximately $890 per completed lateral foot for full-year 2022, an increase of approximately 5%.

Strategic Acquisition of Midstream Assets in Lea and Eddy Counties, New Mexico

• On June 30, 2022, a wholly-owned subsidiary of Matador closed its previously announced acquisition of the Lane Gathering and Processing System, which is being renamed the “Marlan Gathering and Processing System,” in Lea and Eddy Counties, New Mexico from a subsidiary of Summit Midstream Partners, LP (see Matador’s June 9, 2022 press release for additional details). The acquired midstream entity is now named Pronto Midstream, LLC (“Pronto Midstream”) and is not part of San Mateo. The Marlan Gathering and Processing System includes a 60 million cubic feet per day cryogenic natural gas processing plant, three compressor stations and approximately 45 miles of natural gas gathering pipelines. This acquisition is a further extension of Matador’s strategy to control the efficiency of midstream operations and to use its midstream assets to further enhance and assist the Company’s exploration, production and environmental operations and add third-party customers.

Note: All references to Matador’s net income, adjusted net income, Adjusted EBITDA and adjusted free cash flow reported throughout this earnings release are those values attributable to Matador Resources Company shareholders after giving effect to any net income, adjusted net income, Adjusted EBITDA or adjusted free cash flow, respectively, attributable to third-party non-controlling interests, including in San Mateo Midstream, LLC (“San Mateo”). Matador owns 51% of San Mateo. For a definition of adjusted net income, adjusted earnings per diluted common share, Adjusted EBITDA and adjusted free cash flow and reconciliations of such non-GAAP financial metrics to their comparable GAAP metrics, please see “Supplemental Non-GAAP Financial Measures” below.

Sequential and year-over-year quarterly comparisons of selected financial and operating items are shown in the following table:

Full-Year 2022 Guidance Update

As shown in the table below, effective July 26, 2022, Matador updated its full year 2022 guidance estimates for oil, natural gas and total oil equivalent production and D/C/E capital expenditures, which were originally provided on February 22, 2022. In addition, Matador affirmed its 2022 estimates for midstream capital expenditures.

The guidance estimates presented in the table above reflect the following key assumptions and modifications for anticipated drilling and completions and midstream activity for full year 2022 as provided on July 26, 2022.

• Matador now expects to turn to sales 80 gross (63.7 net) operated horizontal wells during 2022, an increase of 2.9 net wells from the Company’s prior expectations, primarily as a result of additional working interests from anticipated acreage trades. Most of the wells impacted by these acreage trades are expected to be turned to sales in the fourth quarter of 2022 and will not contribute significantly to Matador’s production in 2022. Matador expects to incur incremental D/C/E capital expenditures of approximately $40 million associated with these additional working interests.

• Matador contracted a seventh drilling rig, which is expected to begin drilling eight wells on the Company’s Rodney Robinson leasehold in western Antelope Ridge in the third quarter of 2022. These eight Rodney Robinson wells are expected to be turned to sales late in the first quarter or early in the second quarter of 2023 rather than in the fourth quarter of 2023. Matador estimates additional D/C/E capital expenditures attributable to the seventh rig and the acceleration of operations at Rodney Robinson to be approximately $55 million in 2022.

• Increases due to anticipated service cost inflation make up only $30 million of the $125 million increase in the Company’s estimates for full year 2022 D/C/E capital expenditures, primarily as a result of Matador’s cost mitigation efforts, as noted above.

• During the first half of 2022, Matador divested certain operated assets in the Eagle Ford shale in South Texas as well as a small portion of its non-operated assets in the Haynesville shale in Northwest Louisiana. The Company received approximately $35 million in proceeds from these asset sales. These divestitures of non-core producing properties are expected to result in a reduction in estimated production in the second half of 2022 of approximately 220,000 BOE, including a decrease of approximately 70,000 barrels of oil and approximately 0.9 Bcf of natural gas.

• Matador estimates that the acceleration of completion operations for the eight Rodney Robinson wells and incremental shut-ins at Stateline due to offset operator completions during the second half of 2022 should result in a reduction in estimated second half production of approximately 315,000 BOE, including a decrease of approximately 180,000 barrels of oil and 0.8 Bcf of natural gas, as compared to prior estimates. These changes in estimates have been already incorporated in the guidance provided on July 26, 2022.

Third and Fourth Quarter 2022 Completions and Production Cadence Update

Third Quarter 2022 Estimated Wells Turned to Sales

At July 26, 2022, Matador expects to turn to sales 24 gross (20.1 net) operated horizontal wells in the Delaware Basin during the third quarter of 2022, consisting of 16 gross (12.8 net) wells in the Antelope Ridge asset area, four gross (4.0 net) wells in the Stateline asset area and four gross (3.3 net) in the Rustler Breaks asset area. The Company expects the average completed lateral length of these wells to be approximately 9,600 feet.

Third Quarter 2022 Estimated Oil, Natural Gas and Total Oil Equivalent Production

The table below provides Matador’s estimates, as of July 26, 2022, for the anticipated quarterly sequential changes in the Company’s average daily total oil equivalent, oil and natural gas production for the third quarter and fourth quarters of 2022.

As noted in the table above, Matador expects its average daily total production to decrease 9% sequentially from 110,750 BOE per day in the second quarter of 2022 to approximately 101,000 BOE per day in the third quarter of 2022 but is expected to increase in the fourth quarter of 2022 to approximately 106,000 BOE per day. The third quarter sequential decrease was anticipated as part of Matador’s original guidance for 2022 and is primarily attributable to (i) fewer wells being completed and turned to sales in the second quarter of 2022 and the first half of the third quarter of 2022, as compared to prior periods, (ii) the timing of new wells anticipated to be turned to sales late in the third quarter of 2022, (iii) additional production being shut in due to accelerated offset completion activity, as compared to previous expectations and as noted above and (iv) sales of non-core properties as noted above.

Mac Schmitz
Vice President - Investor Relations
(972) 371-5225
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Award Recognizes an Itron Customer for Exploring What’s Possible with Itron Technology

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Award--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, is now accepting nominations for the fourth annual Itron Innovator Award. The award will recognize an Itron city or utility customer that has leveraged Itron’s partner enablement programs to push the envelope of innovation and deliver solutions that improve resource efficiencies, enhance safety and connect communities. The winner will be announced at Itron Inspire 2022, Itron’s premier, customer-focused event, which will be held Sept. 23-30 in Marco Island, FL. Nominations are due by Saturday, Aug. 20.

Nominations must be for an Itron city or utility customer that has successfully leveraged the Itron Developer Program and/or the Partner Ecosystem. The solution also must either be in a pilot phase, deployed in the field and/or delivering quantifiable outcomes to be considered eligible. Additionally, the solution must be successfully integrated with Itron technology – either networks, back-office software or our distributed intelligence platform.

The 2021 Itron Innovator Award was awarded to CPS Energy for the utility’s collaborative community leadership and smart city application pilot, which took advantage of multiple IoT sensors developed through Itron’s partner enablement program, including ambient noise, air quality, flood and parking sensors. The 2020 Itron Innovator Award was awarded to Australian energy utility Western Power for its Smart Lab in Perth, Western Australia, which was developed through Itron’s partner enablement program.

“We are committed to solving our industry’s most pressing challenges through our partner ecosystem and to helping our partners promote their solutions to Itron customers,” said Christina Haslund, head of partner management at Itron. “We look forward to presenting our fourth annual Itron Innovator Award to an Itron customer that has successfully leveraged our partner ecosystem to deliver breakthrough solutions in energy and water efficiency and in smart communities.”

Itron’s robust partner ecosystem is key to delivering innovative solutions. With Itron’s ecosystem and partner network, cities and utilities can leverage cutting-edge, data-driven solutions to address critical business, operational and customer or community challenges and are positioned to create more resourceful and vibrant communities for generations to come.

Submit an Itron customer, partner or project here by Aug. 20, 2022.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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• Seabob-1 and Kiru-Kiru-1 are the 6th and 7th discoveries in 2022
• Discoveries will add to the previous discovered recoverable resource estimate for the Stabroek Block of approximately 11 billion barrels of oil equivalent
• Liza Unity and Liza Destiny FPSOs have reached their combined design capacity of more than 360,000 gross barrels of oil per day

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the sixth and seventh this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of oil equivalent.

The Seabob-1 well encountered approximately 131 feet (40 meters) of high quality oil bearing sandstone reservoirs. The well was drilled in 4,660 feet (1,421 meters) of water by the Stena Carron and is located approximately 12 miles (19 kilometers) southeast of the Yellowtail Field.

The Kiru-Kiru-1 well encountered approximately 98 feet (30 meters) of high quality hydrocarbon bearing sandstone reservoirs. The well was drilled in 5,760 feet (1,756 meters) of water by the Stena DrillMAX and is located approximately 3 miles (5 kilometers) southeast of the Cataback-1 discovery. Drilling operations at Kiru-Kiru are ongoing.

“We are excited to announce two more discoveries on the Stabroek Block, bringing our total this year to seven,” CEO John Hess said. “These discoveries will add to the discovered recoverable resource estimate for the block of approximately 11 billion barrels of oil equivalent, and we continue to see multibillion barrels of future exploration potential remaining.”

Hess and its co-venture partners currently have four sanctioned developments on the Stabroek Block. The Liza Phase 1 development, which began production in December 2019, reached its new production capacity of more than 140,000 gross barrels of oil per day in the second quarter of 2022 following production optimization work on the Liza Destiny floating production, storage and offloading vessel (FPSO). The Liza Phase 2 development, which achieved first oil in February 2022 utilizing the Liza Unity FPSO, reached its production capacity of approximately 220,000 gross barrels of oil per day earlier this month. The third development at Payara is on track to come online in late 2023 utilizing the Prosperity FPSO with a production capacity of approximately 220,000 gross barrels of oil per day. The fourth development, Yellowtail, will be the largest development to date and is expected to come online in 2025, utilizing the ONE GUYANA FPSO with a production capacity of approximately 250,000 gross barrels of oil per day.

At least six FPSOs with a production capacity of more than 1 million gross barrels of oil per day are expected to be online on the Stabroek Block in 2027, with the potential for up to 10 FPSOs to develop gross discovered recoverable resources.

The Stabroek Block is 6.6 million acres. ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at www.hess.com.

Cautionary Statements
This news 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. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Our forward-looking statements may include, without limitation, the expected number, timing and completion of our development projects and estimates of capital and operating costs for these projects; estimates of our crude oil and natural gas resources and levels of production; and our future financial and operational results. Forward-looking statements are based on our current understanding, assessments, estimates and projections of relevant factors and reasonable assumptions about the future. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: fluctuations in market prices or demand for crude oil, natural gas liquids and natural gas, including due to COVID-19, competing or alternative energy products and political conditions and events; potential failures or delays in increasing oil and gas reserves, including as a result of unsuccessful exploration activity, drilling risks and unforeseen reservoir conditions, and in achieving expected production levels; changes in laws, regulations and governmental actions applicable to our business, including legislative and regulatory initiatives regarding environmental concerns; the ability of our contractual counterparties to satisfy their obligations to us, including the operation of joint ventures which we may not control; unexpected changes in technical requirements for constructing, modifying or operating exploration and production facilities and/or the inability to timely obtain or maintain necessary permits; potential disruption or interruption of our operations due to catastrophic events, including COVID-19 or climate change; and other factors described in Item 1A—Risk Factors in our Annual Report on Form 10-K and any additional risks described in our other filings with the Securities and Exchange Commission. As and when made, we believe that our forward-looking statements are reasonable. However, given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements since such statements speak only as of the date when made and there can be no assurance that such forward-looking statements will occur and actual results may differ materially from those contained in any forward-looking statement we make. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.

We use certain terms in this release relating to resources other than proved reserves, such as unproved reserves or resources. Investors are urged to consider closely the oil and gas disclosures in Hess Corporation’s Form 10-K, File No. 1-1204, available from Hess Corporation, 1185 Avenue of the Americas, New York, New York 10036 c/o Corporate Secretary and on our website at www.hess.com. You can also obtain this form from the SEC on the EDGAR system.

Investor:
Jay Wilson
(212) 536-8940
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Media:
Lorrie Hecker
(212) 536-8250
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Rollout of customized carbon emissions reports to all commercial and industrial customers is one of Constellation’s industry-leading climate goals

BALTIMORE--(BUSINESS WIRE)--Constellation, the nation’s largest producer of carbon-free energy and a leading supplier of energy products and services, announced today that it is delivering on its commitment to provide 100 percent of its commercial and industrial customers with customized data to help them measure and reduce their carbon emissions impact.

The customer reports are part of Constellation’s industry-leading 100/100/100 climate pledge, which includes:

• Achieving 95 percent carbon-free electricity by 2030, and 100 percent by 2040
• Achieving a 100 percent reduction of operations-driven emissions by 2040
• Providing 100 percent of business customers with customized data to help them reduce their own carbon footprints.

Constellation currently produces 10 percent of all clean energy on the grid in the U.S. with its zero-carbon fleet of nuclear, solar, wind and hydro power plants.

“It’s not enough that we eliminate emissions from Constellation’s business – we need to help our customers do the same if we are going to truly lead the transition to clean energy,” said Jim McHugh, chief commercial officer, Constellation. “A pivotal step for businesses in this journey is helping them better understand their energy consumption and resulting carbon emissions. These customized reports will serve as an invaluable tool to educate our customers and urge them to take additional actions to reduce the carbon impact of their operations.”

The reports (see sample) will feature customer-specific information on Scope 1 and Scope 2 emissions for facilities receiving power and/or gas supply from Constellation.

To make it easier for customers to visualize and understand their climate impact, the reports compare the number of miles an average passenger vehicle would have to travel to equal the customer’s carbon emissions. The reports will also highlight ways customers can transition to clean energy, reduce their carbon footprint and become more sustainable.

The reports are being introduced at a time when business leaders and local governments are increasingly focused on doing their part to combat climate change. About 60 percent of Fortune 500 companies, 600 local governments and 25 states have already announced climate and energy goals or action plans. The federal government also plans to procure 100 percent carbon-free electricity by 2030 on a net annual basis, with 50 percent carbon-free on a 24/7 basis.

Constellation will begin distributing the reports in late August, with all of its commercial and industrial customers – including three-fourths of the Fortune 100 – expected to receive their customized reports by the end of 2022.

Among its other climate initiatives, Constellation has partnered with Microsoft on the development of a 24/7/365 carbon-free energy matching technology that will help customers achieve true zero emissions, as opposed to the current practice of annualizing renewable energy certificates and credits. The product will match a customer’s energy needs with local, carbon-free energy sources on an hour-by-hour basis.

About Constellation
Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to millions of homes, institutional customers, the public sector, community aggregations and businesses, including three fourths of Fortune 100 companies. A Fortune 200 company headquartered in Baltimore, our fleet of nuclear, hydro, wind and solar facilities have the generating capacity to power approximately 20 million homes, providing 10 percent of all carbon-free energy on the grid in the U.S. Our fleet is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is nearly 90 percent carbon-free. We have set a goal to achieve 100 percent carbon-free power generation by 2040 by leveraging innovative technology and enhancing our diverse mix of hydro, wind and solar resources paired with the nation’s largest nuclear fleet. Follow Constellation on Twitter @ConstellationEG.

Dave Snyder
Constellation
410-470-9700
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ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the Second Quarter of 2022 before opening of the market on Thursday, August 25, 2022.

The Partnership also plans to host a conference call on Thursday, August 25, 2022 at 11:00 AM (Eastern Time) to discuss the results for the Second Quarter of 2022. All unitholders and interested parties are invited to listen to the live conference call by choosing from the following options:

• By dialing 1-844-200-6205 from the US, dialing 1-833-950-0062 from Canada or 1-929-526-1599 if outside North America – please join the KNOT Offshore Partners LP call using access code 929463.
• By accessing the webcast, which will be available through the Partnership’s website: www.knotoffshorepartners.com.

Our Second Quarter 2022 Earnings Presentation will also be available at www.knotoffshorepartners.com prior to the conference call start time.

The conference call will be recorded and remain available until September 1, 2022. This recording can be accessed following the live call by dialing 1-866-813-9403 from the US, dialing 1-226-828-7578 from Canada, or 44-204-525-0658 if outside North America, and entering the replay access code 035060.

About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP”.

KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +44 1224 618 420

TOKYO--(BUSINESS WIRE)--#SBG--SoftBank Group Corp. (TOKYO: 9984) today announced that it has published its Annual Report for the fiscal year ended March 31, 2022. The SoftBank Group Report contains financial information as well as broader commentary on SoftBank Group’s performance, strategy and go-forward plans.

The report is available on SoftBank Group Corp.’s website at:
SoftBank Group Report 2022

About SoftBank Group

The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers; the SoftBank Vision Funds, which are investing more than US$140 billion to help extraordinary entrepreneurs transform industries and shape new ones; the US$8 billion SoftBank Latin America Funds; and investments in underrepresented founders, including the SB Opportunity Fund, a US$100+ million fund investing in Black, Latinx and Native American founders, and SoftBank Investment Advisers’ global Emerge program. To learn more, please visit https://group.softbank/en.

Corporate Communications Office
SoftBank Group Corp.
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Tel: +81-3-6889-2300

HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) today announced that its Board of Directors has declared a quarterly cash dividend of $0.33 per common share payable on August 16, 2022 to shareholders of record as of the close of business on August 9, 2022.

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 million tonnes per annum of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, and share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

Cheniere Energy, Inc.
Investors
Randy Bhatia 713-375-5479
Frances Smith 713-375-5753

Media Relations
Eben Burnham-Snyder 713-375-5764
Phil West 713-375-5586

GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services announced today that on July 25, 2022, its Board of Directors declared a quarterly cash dividend of $0.08 per share on its Class A and Class B common stock, payable to shareholders of record as of September 9, 2022. The dividend is expected to be paid on October 10, 2022.

About Schneider

Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.

With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.

For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.

Media Relations Contact
Kara Leiterman, Schneider
M 920-370-7188
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Investor Relations Contact
Steve Bindas, Schneider
920-357-SNDR (7637)
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DENVER--(BUSINESS WIRE)--Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced it has completed the previously announced acquisition of over 12,200 net royalty acres (“NRAs,” when normalized to a 1/8th royalty equivalent) in the Permian Basin from Momentum Minerals, a Houston-based portfolio company of funds and accounts managed or advised by affiliates of Apollo Global Management, Inc. (the “Momentum Acquisition”). The Momentum Acquisition was funded by an approximately $22 million deposit paid in June of 2022, and the remaining approximately $191 million, after giving effect to purchase price adjustments, was funded utilizing a $175 million draw on Sitio’s 364-day unsecured term loan, borrowings on the Company’s revolving credit facility and cash on hand. Following the Momentum Acquisition closing, Sitio had a total of $425 million drawn on its 364-day unsecured term loan.

About Sitio Royalties Corp.

Sitio is a shareholder returns-driven company focused on large-scale consolidation of high-quality oil & gas mineral and royalty interests across premium basins, with a diversified set of top-tier operators. With a clear objective of generating cash flow from operations that can be returned to shareholders and reinvested, Sitio has accumulated over 173,000 NRAs through the consummation of over 180 acquisitions to date. More information about Sitio is available at www.sitio.com.

IR contact:
Ross Wong
(720) 640–7647
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PowerLogic PFC (previously knowns as VarSet), the low voltage power factor correction solution from Schneider Electric, expands its best-in-class low voltage capacitor bank with robust, IoT-enabled communication capabilities to provide yet another element within the EcoStruxure™ Power architecture. These new proficiencies provide new opportunities for today’s power systems and energy management applications.

• The most complete solution, that lowers operating and capital costs and provides quick return on investment, reducing capital expenses up to 30 per cent
• Reliable and durable with best-in-class components, easy on-site maintenance, and multiple alarm functions
• High performance makes it easy to install, commission, and configure, with custom options available

MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the global specialist in energy management and automation, today announced the expansion of its IoT-connected PowerLogic PFC low voltage capacitor solutions to NEMA markets. Designed to enhance new or existing power management applications by responding to power factor to ensure a high performing power network, and alarms, PowerLogic PFC capacitor banks can reduce reactive energy billing penalties.

The first of its kind

PowerLogic PFC’s smart monitoring and measurement capabilities optimize performance and maintenance, allowing either on-site or remote management of your low voltage capacitor bank. Data from the PowerLogic PFC unit is sent to a gateway concentrator, which then provides the information to energy management systems or the building management system (BMS). Users can also view via the gateway’s in-built web pages. Customized e-mail alarms enable facility managers to remotely monitor functions such as temperature, harmonics, voltage, and overload, enabling better load management, improved reliability, and improved efficiency of electrical installations: The solution is perfect for new construction or retrofit applications in commercial buildings, industrial, and utility enterprises.

• Robust Modbus TCP/IP communication that is standards-compliant and reliable, with zero impact on installation and materials.
• Configurable overload and short-circuit protection.
• Adaptable and scalable capabilities so it’s simple to adapt as business needs are modified.

“An IoT-connected PowerLogic PFC smart low voltage capacitor bank is a unique new element in a NEMA-based power and energy monitoring system. It installs quickly and easily and can be adapted to suit any power architecture. Users can view their power factor data in real time either from a dedicated web page or from a power management system,” noted Jitendra Singh, Vice President of Power Quality for Schneider Electric. “In the past, power factor correction units were stand-alone units. Today our customers need to know how their equipment is functioning on critical loads, and to better interact with their installations. In fact, a business operating without this IoT-enabled strategy is overlooking enormous new opportunities to impact energy efficiency, reduce their carbon footprint, and create new value.”

Ready for an EcoStruxure Power platform

PowerLogic PFC low voltage capacitor banks are the latest key elements in the EcoStruxure Power platform, part of Schneider Electric’s EcoStruxure architecture, the open and interoperable system architecture for building, grid, industry, and data center customers. PowerLogic PFC is a significant addition to the company’s industry leading connected products offers and is a valued new platform within a connected and integrated power distribution network.

For more information on PowerLogic PFC low voltage capacitor banks please visit www.se.com.

About EcoStruxure

EcoStruxure is Schneider Electric’s open, interoperable, IoT-enabled system architecture delivering enhanced value around safety, reliability, efficiency, sustainability, and connectivity for our customers. EcoStruxure leverages technologies in IoT, mobility, sensing, cloud, analytics, and cybersecurity to deliver Innovation at Every Level including Connected Products, Edge Control, and Apps, Analytics & Services. EcoStruxure has been deployed in 450,000+ installations, with the support of 9,000 system integrators, connecting over 1 billion devices. For more information about EcoStruxure, please read our EcoStruxure brochure.

About Schneider Electric

At Schneider, we believe access to energy and digital is a basic human right. We empower all to do more with less, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate with our Meaningful Purpose, Inclusive and Empowered values. https://www.se.com/ca/en/

Discover Life Is On

Hashtags: #EcoStruxurePower #IIoT #LifeIsOn #PowerQuality

Follow us on: Twitter| Facebook| LinkedIn| Google+| YouTube| Instagram| Blog

Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR) posted its second quarter 2022 earnings release and presentation in the Investors section of the Company’s website. Interested parties can access using the following link: www.avangrid.com.

In conjunction with the earnings release, AVANGRID will conduct a webcast conference call with financial analysts on Wednesday, July 27, 2022 beginning at 10:00 A.M. ET. AVANGRID’s Executive team will present an overview of the financial results followed by a question and answer session.

Interested parties, including analysts, investors and the media, may listen to a live audio-only webcast by accessing a link located in the Investors section of AVANGRID’s website at http://www.avangrid.com.

# # #

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.

Analysts: Alvaro Ortega 207-629-7412
Media: Kim Harriman 203-343-4481

DUBLIN--(BUSINESS WIRE)--The Board of Directors of power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $0.81 per ordinary share. The dividend is payable August 26, 2022, to shareholders of record at the close of business on August 12, 2022. Eaton has paid dividends on its shares every year since 1923.

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.

Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.

Jennifer Tolhurst, +1 (440) 523-4006

First live demonstration of bi-directional charging since launch of the federal cross-sector collaboration initiative to rapidly commercialize technology

Photos and b-roll available here

SAN DIEGO--(BUSINESS WIRE)--Today San Diego Gas & Electric announced that it has successfully deployed an innovative technology that enables eight electric school buses to put electricity back on the grid when needed such as on hot summer days. A collaborative effort between SDG&E, the Cajon Valley Union School District and locally based technology company Nuvve, this is the first vehicle-to-grid (V2G) project to become operational in Southern California, helping to advance clean air and climate goals while also bolstering grid reliability.

This is also the first V2G project to come online in the nation, following the U.S. Department of Energy’s (DOE) vehicle-to-everything (V2X) initiative announcement in Los Angeles in April. SDG&E, which started on the project prior to the announcement, is a signatory to the department’s V2X memorandum of understanding (MOU). The agreement is designed to bring together resources from DOE National Labs, state and local governments, utilities, and private entities to unlock the potential of bi-directional charging to increase energy security, community resilience, and economic growth while supporting the nation’s electric system.

As part of the five-year pilot project, SDG&E installed six 60kW bi-directional DC fast chargers at Cajon Valley’s bus yard in El Cajon. The pilot was celebrated at an event on Tuesday, July 26 with project partners and San Diego County District Two Supervisor Joel Anderson.

“This pilot project is a great example of our region being at the forefront of testing and adopting innovative technologies to reduce greenhouse gas emissions and strengthen the electric grid,” SDG&E Vice President of Energy Innovation Miguel Romero said. “Electric fleets represent a vast untapped energy storage resource and hold immense potential to benefit our customers and community not just environmentally, but also financially and economically.”

On average, cars are parked 95% of the time. California is home to 1.1 million EVs, the largest concentration of EVs in the nation. Starting in 2035, all new cars and passenger trucks sold in California are required to be zero-emissions. Many local agencies and local companies are working to transition to electric fleets under SDG&E’s Power Your Drive for Fleets program, which provides infrastructure support. In addition to Cajon Valley, SDG&E is also working with San Diego Unified and Ramona Unified School Districts on V2G projects.

“Pilots like these are critical to advancing industry knowledge and commercialization of new technologies that help create jobs and build a clean energy future,” said Office of Technology Transitions Commercialization Executive Rima Oueid. “I am thrilled to see this project go live less than three months after the DOE launched our V2X initiative, validating the value of public-private partnership.”

With the bi-directional chargers now in operation, Cajon Valley can participate in SDG&E’s new Emergency Load Reduction Program (ELRP), which pays business customers $2/kWh if they are able to export energy to the grid or reduce energy use during grid emergencies.

“We jumped at the opportunity to be part of this pilot project because of its potential to help us build a healthier community and better serve our students,” said Assistant Superintendent Scott Buxbaum. “If we are able to reduce our energy and vehicle maintenance costs as a result of this project, it frees up more resources for our schools and students.”

V2G technology works by allowing batteries onboard vehicles to charge up during the day when energy, particularly renewable energy such as solar is abundant. The batteries then discharge clean electricity back to the grid during peak hours or other periods of high demand.

“School buses are an excellent use case for V2G,” said Nuvve Co-Founder, Chair and CEO Gregory Poilasne. “They hold larger batteries than standard vehicles and can spend peak solar hours parked and plugged into bi-directional chargers. Nuvve’s technology enables the grid to draw energy from a bus when it is needed most, yet still ensuring the bus has enough stored power to operate when needed.”

This V2G project is part of SDG&E’s extensive portfolio of clean transportation and fleet electrification initiatives. To learn more about SDG&E’s Power Your Drive for Fleet programs, please visit sdge.com/fleet.

SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing energy infrastructure; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook.

Cajon Valley Union School District focuses on the positivity of each student's unique strengths, interests, and values. Recently showcased during the National Safe School Reopening Summit, Cajon Valley has garnered national recognition as a leader in educational excellence and innovation. Serving over 60 square miles of San Diego's East County, Cajon Valley Union School District offers personalized education, with programs that develop students into happy kids, healthy relationships, on a path to gainful employment, making El Cajon the best place to live, work, play and raise a family. Visit our website at www.cajonvalley.net.

Nuvve Holding Corp. (Nasdaq: NVVE) is leading the electrification of the planet, beginning with transportation, through its intelligent energy platform. Combining the world’s most advanced vehicle-to-grid (V2G) technology and an ecosystem of electrification partners, Nuvve dynamically manages power among electric vehicle (EV) batteries and the grid to deliver new value to EV owners, accelerate the adoption of EVs, and support the world’s transition to clean energy. By transforming EVs into mobile energy storage assets and networking battery capacity to support shifting energy needs, Nuvve is making the grid more resilient, enhancing sustainable transportation, and supporting energy equity in an electrified world. Since its founding in 2010, Nuvve has successfully deployed V2G on five continents and offers turnkey electrification solutions for fleets of all types. Nuvve is headquartered in San Diego, Calif. and can be found online at nuvve.com.

Nuvve and associated logos are among the trademarks of Nuvve and/or its affiliates in the United States, certain other countries and/or the EU. Any other trademarks or trade names mentioned are the property of their respective owners.

Nuvve Forward-Looking Statements

The information in this press release includes “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. All statements, other than statements of present or historical fact included in this press release, regarding Nuvve and Nuvve’s strategy, future operations, estimated and projected financial performance, prospects, plans and objectives are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Nuvve disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Nuvve cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Nuvve. In addition, Nuvve cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) risks related to the rollout of Nuvve’s business and the timing of expected business milestones; (ii) Nuvve’s dependence on widespread acceptance and adoption of electric vehicles and increased installation of charging stations; (iii) Nuvve’s ability to maintain effective internal controls over financial reporting (iv) Nuvve’s current dependence on sales of charging stations for most of its revenues; (v) overall demand for electric vehicle charging and the potential for reduced demand if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of electric vehicles or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; (vi) potential adverse effects on Nuvve’s backlog, revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by Nuvve; (vii) the effects of competition on Nuvve’s future business; (viii) risks related to Nuvve’s dependence on its intellectual property and the risk that Nuvve’s technology could have undetected defects or errors; (ix) the risk that we conduct a portion of our operations through a joint venture exposes us to risks and uncertainties, many of which are outside of our control; (x) that our joint venture with Levo Mobility LLC may fail to generate the expected financial results, and the return may be insufficient to justify our investment of effort and/or funds; (xi) changes in applicable laws or regulations; (xii) the COVID-19 pandemic and its effect directly on Nuvve and the economy generally; (xiii) risks related to disruption of management time from ongoing business operations due to our joint ventures; (xiv) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (xv) the possibility that Nuvve may be adversely affected by 3 other economic, business, and/or competitive factors, including increased inflation and interest rates, and the Russian invasion of Ukraine; and (xvi) risks related to the benefits expected from the $1.2 trillion dollar infrastructure bill passed by the U.S. House of Representatives (H.R. 3684). Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Annual Report on Form 10-K filed by Nuvve with the Securities and Exchange Commission (SEC) on March 31, 2022, and in the other reports that Nuvve has, and will file from time to time with the SEC. Nuvve’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

Krista Van Tassel
SDG&E
877-866-2066
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Twitter: @sdge

Howard Shen
Cajon Valley Union School District
619-590-5823
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David Cumpston
Nuvve Press
Wright On Communications
415-902-4461
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