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DUBLIN--(BUSINESS WIRE)--The "Ship Building And Repairing Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.


The global ship building and repairing market is expected to grow from $208.25 billion in 2021 to $227.54 billion in 2022 at a compound annual growth rate (CAGR) of 9.3%. The market is expected to grow to $316.84 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%.

Major companies in the shipbuilding and repairing market include Samsung Heavy Industries Co Ltd, Daewoo shipbuilding & marine engineering, General Dynamics, Huntington Ingalls Industries, China Shipbuilding Industry Corp, China CSSC Holdings Limited, Fincantieri SpA, BRUNSWICK CORPORATION, Mitsubishi Heavy Industries Ltd, and Austal.

The shipbuilding and repairing market consists of sales of ships and shipbuilding and repairing services and related services by entities (organizations, sole traders, and partnerships) that operate shipyards. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. The activities of shipyards include the construction of ships, their repair, conversion, and alteration, the production of the prefabricated ship and barge sections, and specialized services, such as ship scaling.

The main types in the shipbuilding and repairing market are shipbuilding and ship repairing. Shipbuilding refers to the construction of floating vessels and ships. The various applications include general services, dockage, hull part, engine parts, electric works, auxiliary services. These are used in transport companies, the military, other end-user.

Asia Pacific was the largest region in the shipbuilding and repairing market in 2021. Western Europe was the second largest region in the shipbuilding and repairing market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The shipbuilding and repairing market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth is 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth.

Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments at the end-user markets, thereby driving the market during the forecast period.

Shipbuilding companies around the world are increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilization equipment, sulfur scrubber systems, waste heat recovery systems, speed nozzles, exhaust gas recirculation systems, advanced rudder and propeller systems, fuel and solar cell propulsion systems and use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions.

For instance, Peace Boat, a Japanese non-profit NGO has entered into an agreement with Finnish shipbuilding company Arctech Helsinki Shipyard for the construction of Ecoship, the world's greenest cruise vessel. Dean Shipyards Group is also coordinating a green LeanShips project aimed at creating fewer polluting vessels.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Ship Building And Repairing Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Ship Building And Repairing Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Ship Building And Repairing Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Ship Building And Repairing Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Ship Building And Repairing Market Trends And Strategies

8. Impact Of COVID-19 On Ship Building And Repairing

9. Ship Building And Repairing Market Size And Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers Of The Market

9.2.2. Restraints On The Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers Of The Market

9.3.2. Restraints On The Market

10. Ship Building And Repairing Market Regional Analysis

10.1. Global Ship Building And Repairing Market, 2021, By Region, Value ($ Billion)

10.2. Global Ship Building And Repairing Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region

10.3. Global Ship Building And Repairing Market, Growth And Market Share Comparison, By Region

11. Ship Building And Repairing Market Segmentation

11.1. Global Ship Building And Repairing Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Ship Building
  • Ship Repairing

11.1. Global Ship Building And Repairing Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • General Services
  • Dockage
  • Hull Part
  • Engine Parts
  • Electric Works
  • Auxiliary Services

11.1. Global Ship Building And Repairing Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Transport Companies
  • Military
  • Other End Users

12. Ship Building And Repairing Market Metrics

12.1. Ship Building And Repairing Market Size, Percentage Of GDP, 2016-2026, Global

12.2. Per Capita Average Ship Building And Repairing Market Expenditure, 2016-2026, Global

Companies Mentioned

  • Samsung Heavy Industries Co. Ltd.
  • Daewoo shipbuilding & marine engineering
  • General Dynamics
  • Huntington ingalls industries
  • China Shipbuilding Industry Corp.
  • China CSSC Holdings Limited
  • Fincantieri SpA
  • BRUNSWICK CORPORATION
  • Mitsubishi Heavy Industries ltd.
  • Austal

For more information about this report visit https://www.researchandmarkets.com/r/bv94c0


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HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report second quarter 2022 financial and operating results before the market opens for trading on Monday, August 1, 2022. Following the announcement, the Company’s management will host a second quarter 2022 earnings conference call in the morning of August 1, 2022 at 10:30 a.m. Eastern time (9:30 a.m. Central time).


Interested parties are invited to participate on the call by dialing 1-833-255-2829, or 1-412-902-6710 for international calls, (request to join the Ranger Energy Services call) or via the Company’s website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com.

About Ranger Energy Services, Inc.

Ranger is one of the largest providers of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry. Our services facilitate operations throughout the lifecycle of a well, including the completion, production, maintenance, intervention, workover and abandonment phases.


Contacts

For further information, please direct all inquiries to:
Ranger Energy Services, Inc.
Melissa Cougle, (713) 935-8900
Chief Financial Officer
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the second quarter 2022 prior to 8:00 A.M. Eastern Time on Thursday, August 4th, 2022. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com.


In addition, management will host a conference call on Thursday, August 4th, 2022 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 394-8218 (tollfree from within the U.S.) or 323-794-2588 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE Second-Quarter 2022 Earnings Call."

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com under the Investors section within “Events & Presentations”. Please allow time prior to the call to visit the site and download any necessary software required to listen to the internet broadcast. A replay of the conference call will be available at the same website location shortly after the conclusion of the live call.

About New Fortress Energy Inc.

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG) infrastructure and an integrated fleet of ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the company’s assets and operations reinforce global energy security, enable economic growth, enhance environmental stewardship and transform local industries and communities around the world.


Contacts

IR:
Brett Magill
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Media:
Jake Suski
(516) 268-7403
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AMARILLO, Texas--(BUSINESS WIRE)--As part of the Dallas Bar Association’s Annual Energy Law Symposium being held August 4th and 5th, Jonathan R. Grammer with U.S. Carbon Capture, will present on the implications of industrial carbon capture for the future of Texas’ oil and gas industry. U.S. Carbon Capture, a project development firm with its corporate offices in Dallas, has been focused intently in the area of on-shore carbon capture and injection, now having several projects in development in across the state.



Momentum behind industrial carbon capture, especially within the fossil fuels industry, continues to accelerate in Texas. The Texas Railroad Commission, which regulates oil and gas in Texas, is in the process of implementing new internal rules relating to the injection and storage of carbon dioxide underground. House Bill 1284, signed by Governor Abbot last summer, grants the Texas Railroad Commission jurisdiction of Class VI injection wells for storage. The commission already retains jurisdiction for Class II injection wells for enhanced oil recovery. Class VI wells are one of several types of underground injection wells currently regulated by the EPA.

A Class VI Injection Well permit is required prior to drilling and operating a Class VI well for carbon capture and sequestration operations. While Texas currently has “primacy” (approval from the EPA for permitting and enforcement authority) over issuing permits for wells in Classes I-V, it does not yet have primacy for wells in Class VI, which means that final authorization still comes from the EPA. At this time, only Wyoming and North Dakota currently have Class VI primacy, though Louisiana is currently in the process of applying for primacy.

U.S. Carbon Capture is a project development company whose services include up-front alternative design scenarios with defensible economic forecasts that aid their clients in selecting their best-fit scenario. Their designs and economic forecasts are created by targeted seasoned professionals in the disciplines of Land and Legal, Finance, Facilities Engineering, Production and Reservoir Engineering, Geology and Geophysics, and Government Contract Procurement.


Contacts

Wendi Swope
(806) 353-2911

Four-Day Global Event to Feature 65 Speakers; Usher in New Era of Fundamental Research and Development into Solid-State Atomic & Fusion Energy

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--#FUSION--Anthropocene Institute today announced the kick-off of the ICCF24 Solid-State Energy Summit, the conference where industry leaders will take a critical look at the field of lattice-enabled nuclear reactions (LENR), also known as solid-state atomic and fusion energy, or “cold fusion.” The conference will focus on observations, results, and theory, with an eye toward satisfying increased interest in practical fusion from the investment and research communities. The conference will take place at the Computer History Museum (CHM) in Mountain View, CA + Hopin Online Streaming Platform, July 25-28, 2022.


An emerging $15 trillion global energy market

Fusion has garnered intense interest and investment of late, as people race to find clean, sustainable forms of energy to combat climate change. According to Bloomberg, achievement of net energy — where energy produced exceeds the energy used — via nuclear fusion is nearing and would be momentous for the $15 trillion global energy market and GDP.

A subset of the fusion field, lattice-enabled nuclear reactions (LENR) or solid-state energy has been reported for decades from independent researchers around the world. Better known as cold fusion, or low energy nuclear reactions, observations suggest energy production on the scale of nuclear reactions but produced from within chemical systems without extreme temperatures or pressures. ICCF24 has been curated to accelerate the emerging solid-state energy field into a new era of fundamental research and development. The conference convenes 65 speakers, including several from U.S. Government agencies, as well as 45 research abstracts, panels and roundtable discussions.

Government officials, investors, scientists, and innovators to speak

Distinguished speakers, among others, include: Nobuo Tanaka, Former Executive Director of the International Energy Agency; Florian Metzler, Research Scientist at MIT Industrial Performance Center; Matt Trevithick, Partner at DCVC; Steve Katinsky, Co-Founder and Director LENRIA Corporation; Huw Price, Distinguished Professor Emeritus and Philosopher of Science; Oliver Barham, Project Manager, Naval Surface Warfare Center Indian Head; Theresa Benyo, PhD, Principal Investigator, NASA; Peter Shannon, Founder, Radius Mobility; and David Nagel, Research Professor, George Washington University.

Join us at ICCF24 Solid-State Energy Summit for plans for a competition and prize, panels on government initiatives, investment, industry, and startups working toward near-term commercialization.

About Anthropocene Institute

Anthropocene Institute comprises scientists, engineers, communicators, marketers, thought leaders, and advocates — all pulling together toward a common goal: make Earth abundant for all and sustainable for decades to come.


Contacts

Media Relations:
Marie Domingo
for Anthropocene Institute
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(650) 888-5642

  • Recognized as an industry leader in environmental, social and governance (ESG) performance and disclosure
  • Made significant progress toward aggressive 2025 emissions reduction targets
  • Enhanced climate related risk disclosure in line with latest TCFD guidance through a new report feature – Hess’ Low Carbon Transition Framework
  • Fostered a work environment based on diversity, equity and inclusion
  • Continued to invest in social programs that make a positive and lasting impact in the communities where Hess operates

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced publication of its annual sustainability report, which provides a comprehensive review of the company’s strategy and performance on environmental, social and governance (ESG) programs and initiatives. Hess Corporation’s 2021 Sustainability Report is available on the company’s website at www.hess.com/sustainability/sustainability-reports.


“This year marks the publication of our 25th annual sustainability report, demonstrating our longstanding commitment to sustainability and transparency,” CEO John Hess said. “We believe climate risks can and should be addressed while at the same time meeting the growing demand for affordable and secure energy, which is essential to ensuring a just and orderly energy transition. Our strategy is to deliver high return resource growth, a low cost of supply and industry leading cash flow growth – while at the same time maintaining our industry leadership in ESG performance and disclosure.”

Hess Corporation’s 2021 Sustainability Report shows how sustainable business practices are integrated into the company’s strategy, goals, metrics and daily operations for the benefit of all of its stakeholders. Highlights include:

  • Reducing greenhouse gas emissions: After significantly outperforming its five year emissions reduction targets for 2020, Hess set new five year reduction targets for 2025 – to reduce both operated Scope 1 and 2 greenhouse gas (GHG) and methane emissions intensities by approximately 50% from 2017 and to achieve zero routine flaring from its operations by the end of 2025. These targets exceed the carbon intensity reductions by 2030 assumed in the International Energy Agency’s (IEA) Sustainable Development and Net Zero Scenarios, which are consistent with the Paris Agreement’s aim to limit the global average temperature rise to well below 2°C. In 2021, Hess made significant progress toward these five year targets. To help mitigate societal emissions, Hess is contributing to groundbreaking work by the Salk Institute to develop plants with larger root systems that are capable of absorbing and storing potentially billions of tons of carbon per year from the atmosphere.

  • Enhancing climate related risk disclosure in line with latest TCFD guidance: The Task Force on Climate-Related Financial Disclosures (TCFD) provides a universal framework for companies to communicate their responses to the physical, reputational and transition risks of climate change. In this year’s Sustainability Report, Hess introduces a Low Carbon Transition Framework in line with revised TCFD guidance issued in October 2021 that provides a detailed summary of the company’s climate related risks, opportunities and actions in the areas of governance, strategy, risk management, metrics and targets.

  • Operating safely through workforce engagement: In 2021, the company achieved a 9% reduction in its workforce total recordable incident rate (TRIR) from 2020. Hess also reached a six year low in its severe and significant safety incident rate, achieving a 14% reduction from 2020. In 2021, Hess successfully completed a number of major operational milestones – all with zero recordable safety incidents -- including adding two drilling rigs in the Bakken and one in North Malay Basin and completing the Tioga Gas Plant turnaround.

    In 2021, a multidisciplinary emergency response team continued to oversee plans and precautions to reduce the risks of COVID-19 in Hess’ work environment and ensure business continuity. The company also has provided financial and volunteer support for a variety of community relief efforts.

  • Advancing diversity, equity and inclusion and investing in communities: Hess has a longstanding commitment to diversity, equity and inclusion (DEI) in its workplace and the communities where it operates. In 2021, the company hired a dedicated head of DEI and a dedicated expert to lead supplier related DEI and sustainability efforts and expanded its DEI training and efforts to attract and retain more diverse job candidates. The company also continued to make investments in 2021 to advance equal opportunity and economic growth in the communities where it operates, including a $9 million financial commitment over three years to fund educational programs and support services in three underserved Houston communities and a $1.4 million grant to the Jackie Robinson Foundation to provide four year scholarships and internship opportunities to underrepresented college students and to support the new Jackie Robinson Museum that will serve as a venue for educational programming.

  • Maintaining top quartile ESG performance: In 2021, Hess achieved leadership status in the CDP Global Climate Analysis for the 13th consecutive year and earned a place on the Dow Jones Sustainability Index for North America for the 12th consecutive year. Hess received a AAA rating in the MSCI ESG ratings for 2021 after earning AA ratings from MSCI ESG for 10 consecutive years. The AAA rating designates Hess as a leader in managing industry specific ESG risks relative to peers. Hess was the No. 1 energy company on the 2021 list of 100 Best Corporate Citizens and the only U.S. oil and gas producer included in the Bloomberg Gender-Equality Index. Hess also was awarded a top (Level 4) ranking by the Transition Pathway Initiative in their November 2021 report based on the company’s efforts to support the transition to a low carbon economy and mitigate climate change in line with TCFD recommendations.

Hess Corporation’s 2021 Sustainability Report was prepared in accordance with the Core level for sustainability reporting under the Global Reporting Initiative (GRI) Standards, an independent organization that provides the world’s most widely recognized sustainability reporting and disclosure standards. Preparation of the report was informed by TCFD recommendations, oil and gas industry metrics from the Sustainability Accounting Standards Board (SASB) and the World Economic Forum (WEF) Stakeholder Capitalism Core Metrics. The report has been third-party assured by ERM Certification and Verification Services.

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

Cautionary Statements

This 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: information about sustainability goals and targets and planned social, safety and environmental policies, programs and initiatives; our future financial and operational results; our business strategy; estimates of our crude oil and natural gas reserves and levels of production; benchmark prices of crude oil, natural gas liquids and natural gas and our associated realized price differentials; our projected budget and capital and exploratory expenditures; expected timing and completion of our development projects; and future economic and market conditions in the oil and gas industry.

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 of crude oil, natural gas liquids and natural gas and competition in the oil and gas exploration and production industry, including as a result of COVID-19; reduced demand for our products, including due to COVID-19, perceptions regarding the oil and gas industry, 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 tax, property, contract and other laws, regulations and governmental actions applicable to our business, including legislative and regulatory initiatives regarding environmental concerns, such as measures to limit greenhouse gas emissions and flaring, fracking bans as well as restrictions on oil and gas leases; operational changes and expenditures due to climate change and sustainability related initiatives; disruption or interruption of our operations due to catastrophic events, such as accidents, severe weather, geological events, shortages of skilled labor, cyber-attacks, health measures related to COVID-19 or climate change; the ability of our contractual counterparties to satisfy their obligations to us, including the operation of joint ventures under which we may not control and exposure to decommissioning liabilities for divested assets in the event the current or future owners are unable to perform; 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; availability and costs of employees and other personnel, drilling rigs, equipment, supplies and other required services; any limitations on our access to capital or increase in our cost of capital, including as a result of weakness in the oil and gas industry or negative outcomes within commodity and financial markets; liability resulting from environmental obligations and litigation, including heightened risks associated with being a general partner of Hess Midstream LP; 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.


Contacts

Investor:
Jay Wilson
(212) 536-8940
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Media:
Lorrie Hecker
(212) 536-8250
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AKRON, Ohio--(BUSINESS WIRE)--$BW #renewableenergy--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Renewable segment has been awarded contracts totaling more than $12 million for two utility-scale solar panel installation projects totaling 144-megawatts, located in the Midwest United States.

The photovoltaic solar farms will produce zero-carbon, zero-emissions power for more than 20,000 homes and businesses.

“The U.S. clean energy revolution is under way, and we’re excited to be part of these utility-scale solar projects,” said B&W Executive Vice President and Chief Operating Officer Jimmy Morgan. “B&W’s solar services are part of our broad suite of renewable energy, decarbonization and environmental solutions.”

“Our solar installation and service capabilities allow us to effectively serve a broad range of customers, including utility-scale installations such as these,” Morgan said. “As demand for clean energy solutions continues to grow, we’re optimistic about the ongoing growth of the North American solar energy market.”

Project planning is in progress and completion is scheduled for the fourth quarter of 2022.

About B&W

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.

About B&W Renewable

Babcock & Wilcox Renewable offers cost-effective technologies for efficient and environmentally sustainable power and heat generation, including waste-to-energy, biomass energy and black liquor systems for the pulp and paper industry. B&W Renewable’s leading technologies support a circular economy, diverting waste from landfills to use for power generation and replacing fossil fuels, while recovering metals and reducing emissions.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the awarding and completion of contracts for solar installation projects in the Midwest United States, as well as the growth of the North American solar energy market. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.


Contacts

Investor Contact:
B&W Investor Relations

704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
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LONDON--(BUSINESS WIRE)--Lynher Energy (“Lynher”) today announced it has acquired rights to build two solar battery farms, in aggregate of 96MW, and two independent battery facilities, in aggregate of 100MWh, at adjacent sites in the UK. Lynher Energy is a joint venture between a Napier Park Global Capital (“Napier Park”) and Ethical Power (“Ethical Power”) and focuses on developing and managing solar power generation and battery-storage facilities.

Demand for electricity is expected to continue growing, driven in part by increasing electrification of the broader economy. Meanwhile, demand for energy generated by renewable sources is growing even faster than overall energy demand: the UK and other European governments have committed to reduce carbon emissions and reach net zero carbon emissions from energy generation by 2050.

Chris Sparrow, Principal at Napier Park said, “This investment helps to close the gap between required energy generation and the investment necessary to achieve net zero carbon emissions aimed at successfully addressing the climate crisis. As one of the few vertically integrated solar companies in the UK with capability across the entire project lifecycle, Ethical Power is well-positioned to apply deep industry expertise and skills to design, construct and maintain complex solar projects such as this. Napier Park and Ethical Power expect to invest further in these assets; and to fund additional important projects in the UK and in Europe.”

About Lynher Energy

Lynher Energy is the joint venture established by Napier Park Global Capital and Ethical Power to invest in large-scale solar and battery storage assets in the UK and Europe. The combination of Napier Park’s extensive experience in sponsoring industry-leading joint ventures with Ethical Power’s capabilities and knowledge in the development, construction, operation and maintenance of large and complex solar projects offers the ability to develop high-quality, valuable assets while pursuing a long-term goal of reducing carbon consumption and transitioning toward green energy resources.

About Napier Park

On March 31, 2022, First Eagle Investments announced a definitive agreement to acquire Napier Park Global Capital. The acquisition of Napier Park significantly broadens First Eagle’s capabilities in the large and diverse alternative credit market, enabling it to offer clients exposure to opportunistic US and European credit, US mortgages and consumer debt, US municipal debt and equipment leasing. The acquisition also serves to enhance the size and scope of the firm’s CLO footprint, including the addition of European CLO management.

Napier Park is a leading alternative credit manager with approximately $19 billion in assets under management, as of March 31, 2022, across credit funds, CLOs and real assets predominantly within the US and European markets. Napier Park differentiates itself through its decades of specialized credit expertise, world-class infrastructure and creativity, providing effective solutions to a broad range of institutional clients. Napier Park has offices in New York, London and Switzerland. For more information visit www.napierparkglobal.com.

About First Eagle Investments

First Eagle Investments is an independent, privately owned investment management firm headquartered in New York with approximately $109 billion in assets under management as of March 31, 2022. Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on downside mitigation. With a heritage dating back to 1864, First Eagle has helped its clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles—a tradition that is central to its mission today. The firm’s investment capabilities include equity, fixed income, alternative credit and multi-asset strategies. For more information on First Eagle, please visit www.firsteagle.com.

About Ethical Power

Ethical Power is a leader in the UK market for the financing, development, construction and maintenance of renewable energy projects. With a core competency in the provision of construction and grid connection services, it is one of the only fully integrated renewable energy businesses in the UK. Ethical Power is 50% owned by Hive Energy, one of the largest and most successful solar power developers in Europe. For more information visit www.ethical-power.com.


Contacts

Media

Mickey Mandelbaum / John Perilli / Ben Howard
Prosek Partners for Napier Park Global Capital
1+914-552-4281
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Counter Context for Ethical Power
+44 0203 815 7756
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$LPEN--Loop EnergyTM (TSX: LPEN) announces Mobility & Innovation (M&I) has purchased an additional 10 fuel cell systems to meet the growing demand for its hydrogen-electric city bus. The order sees Loop Energy progress to the Scale-Up Phase with a second bus manufacturer.



Upon delivery of the additional S300 (30 kW) fuel cell systems, Loop Energy will aim to support M&I in increasing the production of its 8-metre city bus and monitor operational performance. Previously, the two companies partnered to develop the prototype bus, complete field testing and achieve EU homologation.

Following launch in March 2022, M&I showcased the bus across various European markets. Throughout the tour, the bus demonstrated increased fuel efficiency, allowing it to achieve further range with less onboard fuel storage. This has been a standout feature for fleet operators looking for a zero-emissions solution to electrify transit bus fleets.

“We now have the opportunity to deliver our hydrogen-electric city bus to some of Europe’s largest and most progressive markets for hydrogen-electric vehicles,” said Mobility & Innovation Co-Owner and CEO, János Onódi. “We offer a solution to decarbonizing urban transit, and with Loop Energy’s technology and support, we hope to deploy our buses in cities around Europe in the near future.”

“Mobility & Innovation has made tremendous inroads into the market over the last few months, and we are proud to be their fuel cell partner as they continue their journey,” said Loop Energy Chief Commercial Officer, George Rubin. “The accelerated growth in order volume for our fuel cell engines is a direct reflection of rapid expansion of demand for hydrogen-electric vehicles in our core markets.”

M&I’s progression to the Scale-Up Phase builds upon Loop Energy’s recent success of entering the Full Production Phase with Tevva Motors after finalizing a multi-year fuel cell supply agreement with delivery commitments in excess of US$12 million. Due to the accelerated adoption of its technology and the strong growth of its customers, Loop Energy will provide an update on its purchase order guidance during its Q2 2022 financial results on August 4. For dial-in details, visit: https://loopenergy.com/news/q2-2022-earnings-results-call/.

About Mobility & Innovation Production s.r.o.

Mobility & Innovation Production s. r. o. is a Slovakian company responsible for the development of composite lightweight, zero-emission city bus platform. M&I’s platform is known for its hydrogen electric powertrain and industry leading GVWR (Gross Vehicle Weight Rating) for a zero-emission transit bus vehicle, while its low curb weight enables greater passenger capacity while still meeting even the most stringent axel load requirements. For more information, please visit http://mobility-inovation.sk/hu.html.

About Loop Energy Inc.

Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ is designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.

Forward Looking Warning

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations and projections regarding future events. Particularly, statements regarding the Company’s expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information, including without limitation the expected fuel efficiency and performance of the Company’s products and the Company’s expectation of future orders for its products from Mobility & Innovation. Forward-looking information is based on a number of assumptions (including without limitation assumptions with respect the current and future performance of the Company’s products and growth in demand for the Company’s products from Mobility & Innovation and other customers) and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward‐looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy, progress existing and future customers through the Customer Adoption Cycle in a timely way, the realization of electrification of transportation, the elimination of diesel fuel and ongoing government support of such developments, the expected growth in demand for fuel cells for the commercial transportation market and the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated March 30, 2021. Loop disclaims any obligation to update these forward-looking statements.


Contacts

Investor Inquiries:
Investor Relations | Tel: +1 604.222.3400 Ext. 299 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Laine Yonker | Tel: +1 646.653.7035 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Business Inquiries:
George Rubin | Tel: +1.604.828.8185 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Europe: Luigi Fusi | Tel: +39.028457.3048 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Inquiries:
Lucas Schmidt | Tel: +1.604.222.3400 Ext. 603 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Mobility & Innovation Production s.r.o. Inquiries:
Peter Pecze | Tel: +421 911 423 134| This email address is being protected from spambots. You need JavaScript enabled to view it.

Rachel brings diverse Marketing Communications experience to Versant Health


BALTIMORE--(BUSINESS WIRE)--#avp--Versant Health, a leading national managed vision care company and wholly-owned subsidiary of MetLife, is proud to welcome Rachel Pokay as Assistant Vice President of Brand Activation and Market Enablement, effective July 25, 2022.

Rachel has over 15 years of marketing and communications experience, building broad and deep experience in the employee benefits, insurance, and financial services sector over the last decade. Most recently, Rachel was the Director of Sustainability Communications at MetLife, supporting MetLife’s Chief Sustainability Officer, Chief Global Diversity, Equity and Inclusion Officer, and MetLife Foundation President & CEO. Prior to that, she held various marketing and communications roles of increasing responsibility during her 11-year tenure in MetLife’s U.S. Group Benefits Business and former Retail Business.

“Rachel’s breadth and depth of experience, combined with her passion and enthusiasm for crafting and activating results-oriented communication strategies, will infuse our brand awareness and engagement efforts like never before,” said Jennifer Wyeth, Vice President, Strategic Planning, Program Delivery and Marketing Communications. “We are excited to welcome Rachel to Versant Health as she will be a strong addition to our leadership team.”

Rachel holds a Bachelor of Arts in Communications from Flagler College.

About Versant Health

Versant Health, Inc., a wholly-owned subsidiary of MetLife, Inc., is one of the nation's leading administrators of managed vision care companies serving more than 38 million client-members nationwide. Through our Davis Vision and Superior Vision independent provider networks, we help members access the wonders of sight through healthy eyes and vision. Administering vision and eye health solutions that range from access to routine vision benefits to medical management, Versant Health has unique visibility and scale across the total eye health value chain. As a result, our clients' members enjoy a seamless experience with access to one of the broadest provider networks in the industry and an exclusive frame collection. Commercial groups, employer plans, and health plans that serve government-sponsored programs such as Medicaid and Medicare are among our valued customers.

For more information visit versanthealth.com.


Contacts

This email address is being protected from spambots. You need JavaScript enabled to view it.
630 270 7178
Jennifer Wyeth
Vice President | Strategic Planning, Program Delivery, and Marketing Communications

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock payable on September 1, 2022 to shareholders of record as of August 17, 2022. In accordance with the Company’s amended dividend policy announced on June 10, 2022, this quarterly dividend of $0.10 per share is double the prior quarterly dividend of $0.05 per share.


About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

Forward-Looking Statements

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. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company’s operations due to seismic events; availability of sufficient capital to execute its business plan, available borrowing capacity under its revolving credit facilities and otherwise; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; weather and environmental conditions; the impact of the worldwide spread of the novel coronavirus, or COVID-19, on oil and natural gas demand, oil and natural gas prices and its business; the operating results of the Company’s midstream joint venture’s oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; and the other factors which could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.


Contacts

Mac Schmitz
Vice President – Investor Relations
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(972) 371-5225

$450,000 grants designed to support families and businesses facing economic challenges and improve clean energy access

CHICAGO--(BUSINESS WIRE)--To help bring more climate-friendly assistance programs to northern Illinois families and businesses, ComEd today announced a $1.8 million competitive grant program to support nonprofit organizations in offering assistance programs focused on clean energy to limited-income customers in the communities the energy company serves.

ComEd’s Climate Friendly Grant Assistance program will award grants up to $450,000 each to four nonprofit organizations to develop and administer climate-friendly and complementary programs. Eligible nonprofit candidates must be 501(c)(3) certified, serve the ComEd service territory, implement diversity, equity, and inclusion practices, and have not received a grant from Exelon or any subsidiary within the past 12 months.

The economic gap that was widened by the pandemic continues to be exacerbated by events happening locally and overseas,” said Melissa Washington, senior vice president of customer operations and chief customer officer, ComEd. “As part of our commitment to find creative solutions to lift up northern Illinois families and businesses and ensure everyone shares in the benefits of clean energy, ComEd is looking to tap into the ideas of nonprofits who directly support the communities we are privileged to serve.”

Interested nonprofits can review the complete grant guidelines, download a request for proposal and access an application at ComEd.com/NonProfitGrant.

Applications are being accepted now through 5 p.m. CT Aug. 5, 2022, and can be submitted online at This email address is being protected from spambots. You need JavaScript enabled to view it., by fax at 443-213-3553, or by U.S. mail, postmarked by Aug. 5, 2022, to ComEd, Attention – Climate Friendly Grant Program, P.O. Box 2550, Chicago, Ill. 60690

Existing Climate-Friendly Programs for Limited-Income Customers

ComEd’s Climate Friendly Grant Assistance program is just the latest ComEd effort to lift the communities it serves and ensure the benefits of clean energy are distributed equitably. Some existing programs include:

  • Bill Assistance To help eligible customers who are facing economic hardship, ComEd offers several bill-assistance options including deferred payment arrangements and grants to help these customers maintain access to reliable, low-carbon energy. For information or to enroll in one of these options, visit ComEd.com/Payment Assistance or call 800-334-7661 (800-EDISON-1), Monday through Friday from 7 a.m. to 7 p.m.
  • Give-A-Ray Made possible by Illinois Solar for All, this program offers the opportunity for income-eligible ComEd residential customers, regardless of where they live, to take advantage of community solar projects in Rockford and Kankakee, Ill., without paying any subscription fees. By subscribing to a community solar project, which is a "farm" of solar panels owned and operated by a community solar developer, customers can save an average of $1,000 annually on their energy bills. For more information, visit ComEd.com/GiveARay.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.


Contacts

ComEd Media Relations
312-394-3500

ARNHEM, Netherlands & PARIS & NEW YORK--(BUSINESS WIRE)--Allego N.V. (“Allego”) (NYSE: ALLG), a leading pan-European public electric vehicle fast-charging network, today announced that Chief Financial Officer, Ton Louwers, will participate in an ESG focused fireside chat at the Shareholder Equity Conference on Wednesday, July 27, 2022 at 11:00 am ET.

The presentation will be webcast live and accessed at https://Shareholder-Equity-Conference.videoshowcase.net, or in the Events and Publications section at https://ir.allego.eu.

Allego’s network delivered 83GWh1 of clean, 100% renewable energy to EV drivers in 2021, an increase of 77% from 2020. Therefore, its network enabled 414 million green kilometers (258 million miles) compared with 234 million green kilometers (145 million miles) in 2020.

1) Excluding Mega-E

About Allego

Allego delivers charging solutions for electric cars, motors, buses, and trucks, for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprising of approximately 34,000 public charging ports operational throughout the pan-European market – and proliferating. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives our customers and us a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.


Contacts

Investors
Manish A. Somaiya
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Media
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DUBLIN--(BUSINESS WIRE)--The "Global Cable Management Accessories Market (2022-2027) by Product, End-Use Industry, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.


The Global Cable Management Accessories Market is estimated to be USD 23.87 Bn in 2022 and is projected to reach USD 34.85 Bn by 2027, growing at a CAGR of 7.86%.

Market dynamics are forces that impact the prices and behaviors of the Global Cable Management Accessories Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service.

Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Company Profiles

Some of the companies covered in this report are ABB, Amphenol, Anixter International, Belden, D-Line, Dubai Cable Company, Wurth Elektronik.

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score.

The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Cable Management Accessories Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The report analyses the Global Cable Management Accessories Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Market Dynamics

Drivers

  • High Demand for Energy and Constant Investments in Infrastructure
  • Government Initiatives to Expand or Upgrade Transmission & Distribution Systems
  • Renewal and Replacement of Existing Networks in Mature Economies

Restraints

  • Complex Planning & Authorization Procedures Leading to Delays
  • Price Volatility of Raw Materials

Opportunities

  • Favorable Renewable Energy Policies in Key Countries
  • Mounting Demand for Cable Management Accessories in Aerospace and IT Sectors
  • Industrialization & Urbanization Driving Demand for Cable and Accessories

Challenges

  • Connector Challenges Faced During Assembly
  • Designing in Prototype Cables Due to The High-Tooling Investments

Market Segmentations

  • By Product, the market is classified into Cable Lugs, Cable Markers, and Heat Shrink Tubes.
  • By End-Use Industry, the market is classified into IT & Telecom, Manufacturing, Energy & Utility, Healthcare, Logistics & Transportation, Oil & Gas, Mining, and Construction.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

  • ABB
  • Amphenol
  • Anixter International
  • Belden
  • D-Line
  • Dubai Cable Company
  • Elsewedy Electric
  • Furukawa Electric
  • General Cable
  • HellermannTyton
  • Heyco
  • Hirose Electric
  • HomeProTek
  • Kabelwerke
  • Legrand
  • LS Cable & System
  • Nexans
  • NKT
  • phoenix contact
  • Prysmian
  • Schneider Electric
  • Southwire Company
  • Sumitomo
  • TE Connectivity
  • TELE-FONIKA Kable
  • Wurth Elektronik

For more information about this report visit https://www.researchandmarkets.com/r/6i0fxt


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T. Office Hours Call 1-917-300-0470
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Company Marks Major Milestone with Final Phase of Its Move to Cypress, Advancing Plans for New Market Expansion, Enhanced Production Capabilities and Operational Efficiencies

CYPRESS, Calif.--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced the completion of the third and final phase of its relocation from Vernon, California to its new 215,000 sq. ft. manufacturing center and headquarters in Cypress, California.

The Company recently completed the transition of remaining testing labs and equipment from its Vernon site to the new facility, with a significant amount of advanced planning, engineering, logistics and permitting to land and connect equipment and minimize down time.

“The relocation of our labs and completion of our move marks a significant milestone for Romeo Power,” said Chief Executive Officer Susan Brennan. “With testing, engineering, design, quality, production, shipping and support services all in a single, state-of-the-art facility, we are well positioned for planned expansion into marine and industrial markets, improved operational efficiencies, and scaling of manufacturing and production.”

“Further, Cypress offers a great location for us because of its proximity to both Los Angeles and Orange County, a diverse workforce, and an established and thriving business corridor,” Brennan added.

Romeo’s Chief Operating Officer Anne Devine said the Company received a great deal of support from the City of Cypress, enabling them to move through the permitting process and complete the relocation on schedule and on budget.

“We are thrilled to have our entire team, equipment and processes under one roof,” Devine said. “Our new manufacturing operation will not only support growth, it will enhance throughput, quality and cost-effectiveness. With 24,000 square feet of office space dedicated to engineering, product management, quality and other support resources, and another 191,000 square feet of factory space dedicated to state-of-the-art automated module manufacturing, pack assembly and advanced testing laboratories, we can produce four times the capacity as compared to our previous location. We want to especially thank the City of Cypress for welcoming us to the business community here. We are very excited to be moved into our new home in Cypress.”

About Romeo Power, Inc.

Founded in 2016 and headquartered in Cypress, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The Company’s suite of advanced battery electric products, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo Power, follow the Company on social media, @romeopowerinc or visit romeopower.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, express or implied statements concerning Romeo Power’s ability to develop or sell new products, or to pursue customers in new product or geographic markets, Romeo Power’s expectations regarding its future financial performance, the demand for safe, effective, affordable and sustainable EV products, Romeo Power’s ability to produce and deliver such products on a commercial scale, and Romeo Power’s expectations that its customers will adhere to contracted purchase commitments on the currently expected timeframe are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s ability to increase the scale and capacity of its manufacturing processes; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; Romeo Power’s potential need for and ability to secure additional capital; the performance of Romeo Power’s products and customers; potential litigation involving Romeo Power; demand for battery cells and supply shortages; the potential effects of COVID-19; and general economic and market conditions impacting demand for Romeo Power’s products. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from those implied by our forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Source: Romeo Power Inc.


Contacts

For Investors:
Joe Caminiti or Ashley Gruenberg
Alpha IR Group
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312-445-2870

Company announces new rooftop solar project at Exeter facility expected to produce 6,000,000 kilowatt hours of electricity over the 20-year project life

EXETER, R.I.--(BUSINESS WIRE)--NWN Carousel, the leading cloud communications service provider, today unveiled their new solar project at its Exeter, Rhode Island facility. The solar project kicks off construction of a 581-panel rooftop solar system at its Exeter facility being held on, August 2 that will support of the state’s significant green energy target of 100% renewable energy by 2033.


“Responsible and efficient use of our assets demonstrates our commitment to the many communities and clients we serve across North America,” said Jim Sullivan, CEO, NWN Carousel. “We’re proud to support the State of Rhode Island’s renewable energy goals with our new solar program.”

Partnering with the Rhode Island Renewable Energy Growth Program, NWN’s solar project is expected to produce roughly 6,000,000 kilowatt hours of electricity over the 20-year project life. This is equivalent to the carbon sequestered by 5,215 acres of U.S. forest in one year, or offset 773 homes’ electricity use for one year, or the CO2 emissions from burning 478,918 gallons of gasoline.

“It has been a pleasure to work with NWN Carousel on this project and they should be acknowledged for their commitment to sustainability and renewable energy,” said Jack Bertuzzi, Principal at Ecogy Energy, “We are very grateful that NWN Carousel is our partner in this endeavor.”

The groundbreaking event will be held on August 2nd, for local employees, state and local officials and press to participate. Local food truck Farm to Sandwich will cater the event, as well live music courtesy of blues icon and Rhode Island resident James Montgomery.

About NWN Carousel

NWN Carousel is the leading Cloud Communications Service Provider (CCSP) focused on transforming the customer and workspace experience for commercial, enterprise and public sector organizations. We deliver hybrid work experiences for millions of users across North America's 7,000 leading organizations. Our integrated devices, communications apps, AI-enabled contact centers, networking, security, and analytics allows our customers to learn, discover, work, and connect from anywhere - all delivered as a cloud service that’s simple to use and manage. To learn more about our solutions please visit www.nwncarousel.com

About Ecogy Energy

Headquartered in Brooklyn, New York with an office in Newport, RI, Ecogy Energy is a developer, financier and owner-operator of distributed generation resources. Since its founding in 2010, Ecogy Energy has specialized in financing distributed generation assets for traditionally underserved entities including affordable housing, nonprofits and municipalities. Ecogy Energy’s current portfolio comprises solar pv, wind and battery storage systems across 9 states, D.C. and the Caribbean. For more information, please visit https://ecogyenergy.com/.


Contacts

NWN Carousel Media
Cheryl Delgreco
Regan Communications
617-723-4004
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FRANKFURT, Germany--(BUSINESS WIRE)--The economic outlook for Germany has deteriorated in recent months due to high energy price inflation and rising gas security risks. The sharp increase in global energy prices has weakened the purchasing power of domestic households and weighed on business costs and business and consumer sentiment. Moreover, high uncertainty about the future scale of Russian gas supplies has raised gas security risks particularly for the upcoming heating season. This commentary takes a closer look at recent gas market developments and lays out the downside risks for Germany's public finances which emanate from a potential gas shortage. While not envisaged in our base view, a potential gas shortage in the coming winter might lead to disruptions in industrial production and, as a result, to higher public support needs for companies particularly in energy-intensive manufacturing industries. Furthermore, the commentary describes why the recent increase in global gas prices is likely to necessitate additional government support measures either for households or domestic utilities. Household gas heating bills are set to increase markedly over the next months as the strong increase in wholesale import prices for gas has so far not been fully passed through to domestic consumer gas prices.


Key Highlights

  • Prolonged cutoff in Russian gas supplies would raise the risk of gas shortages in the coming winter.
  • Energy-intensive manufacturing would bear the brunt of potential gas supply cuts.
  • The future strong increase in household heating bills is likely to necessitate additional government support measures.
  • Germany commands over ample fiscal space for absorbing a temporary increase in budgetary pressures.

“A potential gas shortage in the coming winter would raise the risks of costly government bail-outs for companies in energy-intensive industries as gas needs from industrial consumers are subordinated to those of households,” said Yesenn El-Radhi, Vice President of the Sovereign Group at DBRS Morningstar. “These substantial downside risks for public finances, however, are mitigated by Germany’s ample fiscal space for absorbing a temporary increase in budgetary pressures.“

To view the full report, click here: https://www.dbrsmorningstar.com/research/400314/germany-fiscal-risks-of-tight-gas-supplies

The DBRS Morningstar group of companies consists of DBRS, Inc. (Delaware, U.S.)(NRSRO, DRO affiliate); DBRS Limited (Ontario, Canada)(DRO, NRSRO affiliate); DBRS Ratings GmbH (Frankfurt, Germany)(EU CRA, NRSRO affiliate, DRO affiliate); and DBRS Ratings Limited (England and Wales)(UK CRA, NRSRO affiliate, DRO affiliate). For more information on regulatory registrations, recognitions and approvals of the DBRS Morningstar group of companies, please see: https://www.dbrsmorningstar.com/research/225752/highlights.pdf. The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc. © 2022 DBRS Morningstar. All Rights Reserved. The information upon which DBRS Morningstar ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable. DBRS Morningstar does not audit the information it receives in connection with the analytical process, and it does not and cannot independently verify that information in every instance. The extent of any factual investigation or independent verification depends on facts and circumstances. DBRS Morningstar ratings, other types of credit opinions, reports and any other information provided by DBRS Morningstar are provided “as is” and without representation or warranty of any kind. DBRS Morningstar hereby disclaims any representation or warranty, express or implied, as to the accuracy, timeliness, completeness, merchantability, fitness for any particular purpose or non-infringement of any of such information. In no event shall DBRS Morningstar or its directors, officers, employees, independent contractors, agents and representatives (collectively, DBRS Morningstar Representatives) be liable (1) for any inaccuracy, delay, loss of data, interruption in service, error or omission or for any damages resulting therefrom, or (2) for any direct, indirect, incidental, special, compensatory or consequential damages arising from any use of ratings and rating reports or arising from any error (negligent or otherwise) or other circumstance or contingency within or outside the control of DBRS Morningstar or any DBRS Morningstar Representative, in connection with or related to obtaining, collecting, compiling, analyzing, interpreting, communicating, publishing or delivering any such information. No DBRS Morningstar entity is an investment advisor. DBRS Morningstar does not provide investment, financial or other advice. Ratings, other types of credit opinions, other analysis and research issued or published by DBRS Morningstar are, and must be construed solely as, statements of opinion and not statements of fact as to credit worthiness, investment, financial or other advice or recommendations to purchase, sell or hold any securities. A report with respect to a DBRS Morningstar rating or other credit opinion is neither a prospectus nor a substitute for the information assembled, verified and presented to investors by the issuer and its agents in connection with the sale of the securities. DBRS Morningstar may receive compensation for its ratings and other credit opinions from, among others, issuers, insurers, guarantors and/or underwriters of debt securities. DBRS Morningstar is not responsible for the content or operation of third party websites accessed through hypertext or other computer links and DBRS Morningstar shall have no liability to any person or entity for the use of such third party websites. This publication may not be reproduced, retransmitted or distributed in any form without the prior written consent of DBRS Morningstar. ALL DBRS MORNINGSTAR RATINGS AND OTHER TYPES OF CREDIT OPINIONS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AT https://www.dbrsmorningstar.com/about/disclaimer. ADDITIONAL INFORMATION REGARDING DBRS MORNINGSTAR RATINGS AND OTHER TYPES OF CREDIT OPINIONS, INCLUDING DEFINITIONS, POLICIES AND METHODOLOGIES, ARE AVAILABLE ON https://www.dbrsmorningstar.com.

The English version of this press release prevails.


Contacts

Dennis Ferreira
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IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation will release second quarter 2022 financial results on Friday, July 29, 2022. A press release will be issued via Business Wire and available at 5:30 a.m. CT at www.exxonmobil.com.


Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Jennifer Driscoll, vice president of investor relations, will review the results during a live, listen-only conference call at 8:30 a.m. CT. The presentation can be accessed via webcast or by calling (888) 596-2592 (United States) or (786) 789-4790 (International). Please reference confirmation code 7129478 to join the call. An archive replay of the call and a copy of the presentation with accompanying supplemental financial data will be available at www.exxonmobil.com/ir.


Contacts

ExxonMobil Media Relations
(972) 940-6007

DUBLIN--(BUSINESS WIRE)--The "Fundamentals of Today's U.S. Natural Gas Industry" training has been added to ResearchAndMarkets.com's offering.


This comprehensive and clearly explained program is for professionals who are seeking an understanding of today's North American natural gas industry and want to be up and running to make intelligent and prudent trading and buying decisions.

Learn how the production/transportation/delivery infrastructure works and how deals are done. Know who the natural gas market participants are and how commercial transactions occur along each segment of the value chain. Understand and apply your knowledge of how the wholesale natural gas and transportation markets operate and where the new opportunities are in today's dynamic natural gas marketplace.

You will be more confident and benefit from knowing comprehensive nuts-and-bolts fundamentals through to understanding purchasing strategies that will manage risk and avoiding costly mistakes.

What You Will Learn

  • A detailed understanding of all parts of the natural gas value chain, infrastructure components and how the natural gas industry operates across the value chain spectrum.
  • What natural gas is, how it is created, the different "types" of natural gas based on various factors and sources, terminology, measurements and conversions.
  • The essential of understanding how gas is used, by whom and what are demand drivers and related issues.
  • The basics of natural gas production, drilling techniques and economic and market issues around production operations in different types of production basins that impact supply availability.
  • What the unprecedented growth of unconventional gas supplies mean for the future of natural gas production and how it is changing infrastructures, pipeline flows and delivery options.
  • The issues and dilemmas the industry faces in obtaining supply from new production technologies and understanding what "reserves" are and the various definitions and estimation methods.
  • The basics of gas gathering, operations, markets and regulatory issues.
  • What gas processing is, how it operates, Natural Gas Liquids extraction flows, and related economic issues in today's market.
  • The importance of gas quality issues and the economic, operational and regulatory concerns about gas quality and the different concerns along the value chain about gas quality and interchangeability.
  • The keys parts of natural gas pipelines, how pipelines operate, who the pipeline companies are and the significant issues pipeline face in a changing market.
  • The importance of storage, the different types, operations and storage development issues.
  • How LNG terminals work and how North American supply developments are impacting the evolving markets for global LNG.
  • Significant LDC physical plant-related operations, how they work, LDC economic and rate worries and regulatory trends in today's market.
  • Who regulates what, where, how and why and how FERC and state utility commission policy, major Orders and regulations have evolved into today's "open access" environment.
  • How natural gas delivery and storage is regulated across the value chain and how it continues to evolve in today's environment.
  • Significant FERC regulatory initiatives, policies and Orders that have transformed the industry and currently policy and regulatory issues that impact how the industry operates and the information it collects and disseminates.
  • Evolving State regulatory concerns, issues and the changing role of state regulators.
  • Overview of regulated rate components and rate design and new rate and policies on the horizon.
  • The fundamentals of Rate Proceedings and how to understand capacity issues and pipeline tariffs, transportation services, agreements and rates.

Who Should Attend:

Professionals from natural gas and electric utilities, energy producers, pipelines, municipals, energy marketers, banks, government regulators and industrial companies; energy and electric power executives; new hires; attorneys; government regulators; traders & trading support staff; marketing, sales, purchasing & risk management personnel; accountants & auditors; plant operators, engineers, corporate planners and anyone needing a strong foundation in the U. S. and Canadian natural gas business.

For more information about this training visit https://www.researchandmarkets.com/r/ri37x5


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

DUBLIN--(BUSINESS WIRE)--The "Global Air Core Drilling Market, By Application (Dust Drilling, Mist Drilling, Foam Drilling, Aerated Fluid Drilling, and Nitrogen Membrane Drilling), By End Use (Oil & Gas, Mining, and Construction), By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.


The global air core drilling market is expected to witness steady growth in the next five years, 2023-2027. Factors such as the discovery of new oil and gas wells and the massive demand for efficient extraction techniques are primarily driving the demand for the global air core drilling market.

Companies Mentioned

  • Schlumberger Limited
  • Halliburton Company
  • Baker Hughes Incorporated
  • Weatherford International Inc
  • Atlas Copco AB
  • Ausdrill Limited
  • Ranger Drilling
  • Master Drilling
  • Bostech Drilling
  • Chicago Pneumatic

The increased demand for high-value ore grades and the ongoing technological advancements in video surveillance and X-ray scanners is expected to create lucrative growth opportunities for the market players in the next five years. Also, the stringent environmental regulations on carbon emissions and surge in the adoption of air-core drilling in industrial and commercial applications are expected to influence the market demand positively in the next five years.

The global air core drilling market is segmented into application, end use, regional distribution, and competitive landscape. Based on application, the market is divided into Dust Drilling, Mist Drilling, Foam Drilling, Aerated Fluid Drilling, and Nitrogen Membrane Drilling. The dust drilling operation is expected to hold the largest market share in the forecast period, 2023-2027. It is used to lower the hydrostatic pressure in the wellbore and is majorly used in mature sedimentary basins.

Years considered for this report:

  • Historical Years: 2017-2020
  • Base Year: 2021
  • Estimated Year: 2022E
  • Forecast Period: 2023F-2027F

Objective of the Study:

  • To analyze historical growth in the market size of global air core drilling market from 2017 to 2021
  • To estimate and forecast the market size of global air core drilling market from 2022E to 2027F and growth rate until 2027F
  • To classify and forecast global air core drilling market based on application, end use, regional distribution, and competitive landscape
  • To identify dominant region or segment in the global air core drilling market
  • To identify drivers and challenges for global air core drilling market
  • To examine competitive developments such as expansions, mergers & acquisitions, etc., in global air core drilling market
  • To identify and analyze the profile of leading players operating in global air core drilling market
  • To identify key sustainable strategies adopted by market players in global air core drilling market

Key Topics Covered:

1. Service Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Air Core Drilling Market

5. Voice of Customer

6. Global Air Core Drilling Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Application (Dust Drilling, Mist Drilling, Foam Drilling, Aerated Fluid Drilling, and Nitrogen Membrane Drilling)

6.2.2. By End Use (Oil & Gas, Mining, and Construction)

6.2.3. By Region

6.2.4. By Company

6.3. Market Map

7. North America Air Core Drilling Market Outlook

8. Asia-Pacific Air Core Drilling Market Outlook

9. Europe Air Core Drilling Market Outlook

10. South America Air Core Drilling Market Outlook

11. Middle East & Africa Air Core Drilling Market Outlook

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles

15. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/2ilocf


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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