LOS ANGELES--(BUSINESS WIRE)--Adel Hagekhalil, general manager of the Metropolitan Water District of Southern California, issues the following statement on U.S Bureau of Reclamation Commissioner Camille Touton’s testimony today before the Senate Committee on Energy and Natural Resources on the severity of the Colorado River drought and need for short- and long-term drought solutions across the West:

“The worsening conditions on the Colorado River represent the extraordinary strain the historically dry conditions are having on water resources across the state and the Southwest. Together with our partners on the river, we’ve invested billions of dollars to slow the decline of the Colorado River system reservoirs. The accelerating drought now has us at a turning point. We must do more to respond to the decades-long drought that continues to stress our infrastructure, causing storage levels in Lake Mead and Lake Powell to plummet, reducing the river’s water supply reliability and threatening the loss of power generation. We remain committed to pulling together with the seven Basin states, federal government, tribal nations and Mexico to address this crisis and promote long-term sustainability of this shared water source that is vital to our communities, farms and environment.

“In Southern California, we’re pushing our residents and businesses to cut their water use and seeking federal and state support for projects and programs that help us adapt to drought and climate change by investing in local supplies, storage and increasing the flexibility of our water system to allow us to reduce our reliance on our imported water resources.”

The Metropolitan Water District of Southern California is a state-established cooperative that, along with its 26 cities and retail suppliers, provides water for 19 million people in six counties. The district imports water from the Colorado River and Northern California to supplement local supplies, and helps its members to develop increased water conservation, recycling, storage and other resource-management programs.

Rebecca Kimitch, (213) 217-6450; (202) 821-5253, mobile; This email address is being protected from spambots. You need JavaScript enabled to view it.
Maritza Fairfield, (213) 217-6853; (909) 816-7722, mobile; This email address is being protected from spambots. You need JavaScript enabled to view it.

Multi-year agreement to provide certified low-methane emission U.S. natural gas for domestic and international markets

SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN), the largest dual-basin natural gas producer in the U.S., today announced a multi-year, certified Responsibly Sourced Gas (RSG) sales agreement to the North American subsidiary of Uniper, one of Germany’s largest publicly listed energy supply companies.

As part of the agreement, SWN will supply Uniper with RSG for its U.S. midstream gas portfolio that includes domestic distribution to downstream customers as well as natural gas to supply U.S. facilities for liquefaction and export to global LNG markets. RSG is a distinct natural gas classification that is verified for low-emission attributes and environmentally responsible production. The agreement represents the first RSG transaction for Uniper in the United States and its second in North America.

“Southwestern Energy is strategically positioned to supply the world’s growing energy demands with its responsibly sourced gas. We believe natural gas is foundational to a low carbon future, and that U.S. natural gas in particular plays a vital role in supporting global energy supply and security. This agreement further demonstrates SWN’s differentiated position to reliably deliver responsibly sourced gas both here at home and abroad,” said Bill Way, Southwestern Energy President and Chief Executive Officer. “We’re excited to announce this agreement with Uniper and pleased to provide a critically-needed and low carbon energy solution.”

SWN is a leading natural gas producer in the U.S., producing responsibly sourced gas from its operations in the Appalachia and Haynesville Basins. Its natural gas already reaches global markets through its existing transportation and firm sales agreements, including approximately 1.5 Bcf per day currently sold to liquefiers. Additionally, as an industry leading ESG performer, SWN is deploying continuous emissions monitors at each pad location to further improve and validate its emissions performance.

“Transparency in energy production practices is a growing market interest, and agreements like this one are key to deploying responsibly sourced solutions for customers in the U.S. and abroad,” said Marc Merrill, President and CEO for Uniper in North America. “Southwestern Energy’s reputation as a first-mover in RSG makes it a valued supplier in assisting our customers achieve their critical supply objectives in a responsible manner.”

About Southwestern Energy

Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer and marketer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.

About Uniper

Uniper is a leading international energy company, has around 11,500 employees, and operates in more than 40 countries. The company plans for its power generation business in Europe to be carbon-neutral by 2035. Uniper’s roughly 33 GW of installed generation capacity make it one of the world’s largest electricity producers. The company's core activities include power generation, global energy trading and a broad gas portfolio, which makes Uniper one of Europe’s leading gas companies. In addition, Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply. The company is based in Düsseldorf and is one of Germany’s largest publicly listed energy supply companies. Together with its main shareholder Fortum, Uniper is also Europe’s third-largest producer of zero-carbon energy.

In North America, Uniper conducts sales, trading and marketing activities across a range of energy commodities in all major markets. The company provides reliable solutions to assist customers in meeting their decarbonization and wider energy needs. Uniper’s North America operations are located in Houston, Chicago and Calgary.

Southwestern Energy Contact
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Uniper Contact
David Slack
VP, Communications and Government Relations
(202) 591-6465
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), a leading U.S. residential energy service provider, and Montgomery County Green Bank (MCGB), a nonprofit dedicated to accelerating energy efficiency, renewable energy, and clean energy investment, have partnered to help low-to-moderate income (LMI) households in Montgomery County, Maryland, transition to affordable, clean energy solutions by going solar with Sunnova.

“This partnership with Montgomery County Green Bank will help homeowners across the county gain access to the benefits of solar,” said Kelsey Hultberg, EVP, Sustainability and Corporate Communications at Sunnova. “By offering affordable solar services to low-to-moderate-income communities, we further demonstrate the important role solar plays in making energy independence a reality for everyone. These communities often suffer the effects of climate change more so than others and this program will allow Sunnova to get more solar into the hands of homeowners that need it most.”

This program is available to Montgomery County households that earn up to $97,500 per year and want to enjoy the benefits of going solar without any upfront costs. Through an innovative structure of Green Bank resources in partnership with Sunnova, more options are being made available to qualifying households to either lock in a predictable solar energy rate for 25 years or select Sunnova’s new offering that allows customers to lock in a set discount from the utility.

“A key benefit of this partnership with Sunnova is that it creates an opportunity for income-qualified households in the County to access solar through creative, affordable financing solutions who may not otherwise be eligible through traditional financing,” said Tom Deyo, CEO, Montgomery County Green Bank. “Our collaboration with Sunnova aligns with our mission to make clean energy and climate-resilient solutions more accessible and affordable for all.”

With utility rates rising significantly across the country, this program will allow customers to protect themselves from unpredictable utility prices, take control of their home energy costs, and power their home with a better energy service at a better price. Customers will also get to work with Sustainable Energy Systems, one of Sunnova’s trusted dealers in Montgomery County, who will install their systems.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “going to,” “could,” “intend,” “target,” “project,” “contemplates,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the implementation and benefits of the partnership for Sunnova and its customers. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, the effects of the coronavirus pandemic on our business and operations, results of operations and financial position, our competition, changes in regulations applicable to our business, fluctuations in the solar and home-building markets, availability of capital, supply chain uncertainty, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2021 and our subsequent Quarterly Reports on Form 10-Q. The forward-looking statements in this press release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.

About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential energy service provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®. For more information, please visit sunnova.com.

About the Montgomery County Green Bank
The Montgomery County Green Bank is an independent, 501(c)(3) nonprofit dedicated to helping businesses and residents affordably implement energy efficiency and clean energy solutions. The Green Bank supports the County by driving investment into energy efficiency and clean energy through lending and investment partners in the region. These efforts include working with homeowners, renters, and commercial entities of all varieties. The Sunnova program is part of Access Solar, a set of Green Bank programs to support low- and moderate-income households. For more information, visit www.mcgreenbank.org.

Media Contact
Alina Eprimian
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Investor & Analyst Contact
Rodney McMahan
Vice President, Investor Relations
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281.971.3323

The expansion positions Cemvita for rapid scaling of biomining technology in preparation for full field deployment.

DENVER--(BUSINESS WIRE)--#biomining--Cemvita Factory (“Cemvita”) announced today the company has acquired Denver based Solfatara Laboratories (“Solfatara”) to advance and rapidly scale the biomining business.

Solfatara specializes in extractive processes such as metal sulfide bio-oxidation and bioleaching, as well as acid mine drainage (AMD) monitoring/prevention and microbiological assessments. The acquisition includes Solfatara’s scale up facility in Golden, Colorado which gives Cemvita the ability to simulate heap leach conditions which will allow for the scaling of biomining technology in preparation for full field deployment.

Charles Nelson, Chief Business Officer of Cemvita, reinforces the importance of the acquisition, adding that, “Companies who cannot validate on a pilot scale do not reach the commercial scale. This acquisition essentially fast forwards Cemvita’s capability to scale by years and leaps us forward towards full commercial rollout in our biomining business.”

Tom Clark, the owner of Solfatara, also joins Cemvita, adding to the team’s expertise in biomining and scale-up. “For over a decade, Tom has been conducting biomining projects for small and large companies around the globe. Tom’s lab adds to Cemvita’s capacity various sized bioleaching columns that can be used to validate bioleaching test work at scale. This acquisition adds to our capability to rapidly scale and commercialize the bio-extraction of metals the world needs for energy transition,” said Marny Reakes, VP of Biomining for Cemvita.

Tom, now the Head of Biohydrometallurgy at Cemvita is excited to join Cemvita and said, “the benefits that synthetic biology and the latest biotech tools can bring to understanding and optimizing bioleaching and remediation processes to improve the extraction of energy transition metals from low grade ore and waste.”

In addition to integrating Solfatara within the broader Cemvita organization, Cemvita plans to optimize the Solfatara facilities to serve as a scale-up facility for Cemvita’s biomining business. Earlier this year Cemvita announced a partnership with Fluor to scale sustainable bio-solutions for extraction of critical minerals. The transaction will enable Cemvita Factory to continue expanding its presence in the Denver Metropolitan-Area, which has a long and storied history of delivering innovations to the mining industry.

About Cemvita Factory

Cemvita Factory, is on a mission to reimagine the heavy industries such as oil & gas and mining for the net-zero economy. This is done by sustainable extraction of natural resources, carbon negative production of chemicals, and closed-loop renewal of waste as feedstock. Visit www.cemvitafactory.com for more information.

About Solfatara Laboratories

Solfatara Laboratories provides test-work and process development services to the mining industry with a focus on biologically based resource recovery and waste treatment applications. Furthermore, Solfatara specializes in extractive processes such as metal sulfide bio-oxidation and bioleaching, as well as acid mine drainage (AMD) monitoring/prevention, and microbiological assessments.

Tiffany To, This email address is being protected from spambots. You need JavaScript enabled to view it., 832-526-7531

ComEd Offering Care Vans, Cooling Buses in Areas With Remaining Outages

CHICAGO--(BUSINESS WIRE)--Despite the challenge of working in extremely hot conditions, ComEd crews have restored power to more than 100,000 customers throughout its service area after storms with heavy rain and powerful wind gusts up to 80 MPH moved through northern Illinois on Monday night. To help customers who remain without power stay cool as area temperatures surge, ComEd has made cooling buses and care vans available at several locations.

The storm disrupted service to approximately 125,000 customers. ComEd exceeded its plan to restore 80 percent of customers by 3 pm on Tuesday, June 14, by more than two hours; surpassing this goal has allowed ComEd to redirect even more resources toward those customers who remain without power.

“At ComEd, our hard-working field forces train for challenging conditions, and that training has certainly been put to the test today as they work around the clock in extremely hot and humid temperatures to quickly and safely restore power to our customers,” said Terence Donnelly, ComEd’s President and Chief Operating Officer. “We recognize that any outage is frustrating to our customers, especially in these hot conditions, and we thank them for their patience as we work to restore the remaining outages as quickly as we can.”

Approximately 875 ComEd and contractor crews are working around the clock to get all remaining customers restored. While a majority of customers have already been restored, some customer outages in pockets with the most significant damage may last until Wednesday afternoon. As of 3 p.m. on Tuesday, June 14, approximately 13,000 customers remain without service.

To help customers without power stay cool, ComEd has set up cooling buses, which are equipped with air conditioning, at the following locations:

• Westchester Village Hall (10300 W Roosevelt Rd, Westchester, IL)
• North Riverside Village Hall (2401 Des Plaines Ave, North Riverside, IL)
• Roselle Municipal Complex (31 S Prospect St., Roselle, IL)
• Brook Park School (1214 Raymond Ave, La Grange Park, IL)

ComEd has also set up care vans, which are equipped with charging stations, water and outage information, at the following locations:

• Westchester Village Hall (10300 W Roosevelt Rd, Westchester, IL)
• Lyons Village Hall (4100 Joliet Ave, Lyons, IL)

Additional care vans and cooling buses are being dispatched to other communities with remaining outages; to view updated van and bus locations, visit the ComEd outage map, which is available at https://www.comed.com/Outages/CheckOutageStatus/Pages/OutageMap.aspx.

ComEd prioritizes attention on repairs that will bring back the greatest number of customers, and focuses on critical services, such as law enforcement, fire departments, hospitals and senior centers. Crews then move to restoration of individual outages. The following tips and information encourage customers to stay safe following severe weather:

• If you encounter a power line, immediately call ComEd at 1-800-EDISON-1 (1-800-334-7661).
• Spanish-speaking customers should call 1-800-95-LUCES (1-800-955-8237).
• Never approach a downed power line. Always assume a power line is energized and extremely dangerous.
• Check on elderly and other family members and neighbors to ensure their safety and make alternate arrangements in the event of an outage.

Customers are encouraged to contact ComEd immediately if they are experiencing a power outage or have a safety concern. Customers can sign up for Outage Alerts at ComEd.com/Alerts or text OUT to 26633 to report their outage and receive restoration information about when their power may be restored.

ComEd also offers a mobile app for iPhone® and Android™® smart phones that gives customers the ability to report power outages and manage their accounts. In addition, customers can report outages through ComEd’s Facebook and Twitter pages.

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.

ComEd Media Relations
312-394-3500

BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (NYSE: GPRK) (the “Company”) today announced that it has extended the expiration date of its previously announced solicitation of consents (the “Consent Solicitation”) from the holders of its 5.500% Senior Notes due 2027 (the “2027 Notes”) for the adoption of certain proposed amendments (the “Proposed Amendments”) to the indenture governing the 2027 Notes (the “Indenture”). The Proposed Amendments intend to (i) address the impact of adverse market conditions and related drop in the price of crude oil during 2020 on the Company’s results, which in turn negatively impacted the restricted payments builder basket as currently in effect, and (ii) increase and reset the general restricted payments basket in the Indenture to provide the Company additional restricted payments capacity, giving the Company additional financial flexibility that is aligned to its improved performance beginning in 2021. The Consent Solicitation, which was previously scheduled to expire at 5:00 p.m., New York City time, on June 15, 2022, will now expire at 5:00 p.m., New York City time, on June 17, 2022, unless further extended (as so extended, the “Extended Expiration Time”).

In addition, the Company announced that the consent fee for the Consent Solicitation with respect to the 2027 Notes will be increased so that holders of the 2027 Notes will receive a cash payment equal to $10.00 per $1,000 principal amount of 2027 Notes with respect to which such consents to the Proposed Amendments have been validly delivered prior to the Extended Expiration Time and not validly revoked by such holder.

Finally, the Company announced that it has determined to withdraw and terminate its previously announced solicitation of consents from the holders of its 6.500% Senior Notes due 2024 (the “2024 Notes”). All consents delivered and received with respect to the 2024 Notes will be voided and no payment of any consent fee will be made to any holder of the 2024 Notes.

The terms of the Consent Solicitation are detailed in the Consent Solicitation Statement, dated June 8, 2022 (as amended, supplemented or otherwise modified, the “Consent Solicitation Statement”). No consent fee will be paid to any holder of 2027 Notes for which the requisite consents have been obtained unless such holder delivers a consent and does not revoke such consent in accordance with the terms of the Consent Solicitation Statement prior to the Extended Expiration Time. Holders of the 2027 Notes who have previously delivered consents do not need to redeliver such consents or take any other action in response to this extension and increase in consent fee with respect to the 2027 Notes. Other holders of the 2027 Notes may deliver their consents in accordance with the instructions provided in the Consent Solicitation Statement at or prior to the Extended Expiration Time.

Subject to applicable law, the Company reserves the right, in its sole discretion, to (i) extend, terminate or withdraw the Consent Solicitation at any time or (ii) otherwise amend the Consent Solicitation in any respect, including waiving any or all of the conditions to the Consent Solicitation set forth in the Consent Solicitation Statement, at any time and from time to time. The Company further reserves the right, in its sole discretion, not to accept any deliveries of consents with respect to the 2027 Notes. The Company is making the Consent Solicitation only in those jurisdictions where it is legal to do so.

Credit Suisse Securities (USA) LLC is acting as solicitation agent for the Consent Solicitation and can be contacted at Credit Suisse Securities (USA) LLC, Attn: Liability Management Group, Collect: (212) 538-2147 or U.S. Toll Free: (800) 820-1653, with questions regarding the Consent Solicitation.

Copies of the Consent Solicitation Statement are available to holders of 2027 Notes from D.F. King & Co., Inc., the information agent, tabulation agent and paying agent for the Consent Solicitation. Requests for copies of the Consent Solicitation Statement should be directed to D.F. King at +1 (800) 967-5084 (toll free), +1 (212) 269-5550 (collect) or This email address is being protected from spambots. You need JavaScript enabled to view it..

Neither the Consent Solicitation nor any related documents have been filed with the U.S. Securities and Exchange Commission, nor have any such documents been filed with or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Consent Solicitation Statement or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary.

The Consent Solicitation is being made solely on the terms and conditions set forth in the Consent Solicitation Statement. Under no circumstances shall this press release constitute an offer to buy or the solicitation of an offer to sell the 2027 Notes or any other securities of the Company or any of its affiliates. The Consent Solicitation is not being made to, nor will the Company accept deliveries of consents from, holders in any jurisdiction in which the Consent Solicitation or the acceptance thereof would not be in compliance with the securities of blue sky laws of such jurisdiction. This press release also is not a solicitation of consents to the Proposed Amendments to the Indenture. No recommendation is made as to whether holders should deliver their consents with respect to the 2027 Notes. Holders should carefully read the Consent Solicitation Statement because it contains important information, including the various terms and conditions of the Consent Solicitation.

ABOUT GEOPARK

GeoPark is a leading independent oil and natural gas exploration and production company with operations in Latin America and a proven track record of growth in production and reserves since 2006. GeoPark operates in Colombia, Chile, Brazil and Ecuador.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the consent solicitation. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, GeoPark’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of GeoPark, which could result in GeoPark’s expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of GeoPark. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in GeoPark’s filings with the United States Securities and Exchange Commission.

The forward-looking statements are made only as of the date hereof, and GeoPark does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.

INVESTORS:
Stacy Steimel
Shareholder Value Director
T: +562 2242 9600
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Miguel Bello
Market Access Director
T: +562 2242 9600
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Diego Gully
Investor Relations Director
T: +5411 4312 9400
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MEDIA:
Communications Department
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LONDON--(BUSINESS WIRE)--IPG, the AME and SDE Technology announce a new collaboration to co-develop the manufacturing blueprint of a renewable power generation solution that will help accelerate product development and create value for all through shared IP.

IPG, developers of renewable generator technology; the Institute for Advanced Manufacturing and Engineering (AME), a collaboration between Coventry University and Unipart Manufacturing; and SDE Technology, tier-1 and tier-2 manufacturing experts, announce today a joint alliance to co-develop the blueprint for volume manufacture of the IPG Flameless Generator, IPG’s clean-and-green replacement to the diesel generator.

This integrated approach is rooted in the principles of digital manufacturing developed by the AME, aimed at incentivising greater and earlier engagement between established manufacturers and start-ups. This collaboration unites academia, industry and innovators to demonstrate the potential for accelerating new product development, and securing greater value for all through manufacturing blueprints that are ready to scale.

Acting as a “test case” for Dr Marcos Kauffman’s vision for the future of manufacturing in Industry 4.0, the strategic collaboration with AME and SDE will allow IPG to ‘ground truth’ the co-developed digital twin blueprint into a real-world manufacturing setting, underpinning the route to cost-effective manufacture of their product.

This will be achieved through implementation of proposed manufacturing and assembly processes, and investigation into scaling methodologies to transition into high-volume production. Establishing this blueprint will also enable a further, more detailed, relationship to be formed between IPG and SDE Technology as IPG’s route to market progresses.

“The traditional route to manufacture presents a number of challenges for early-stage hardware technology developers like IPG. Start-ups often find themselves in a seemingly impossible loop in which it is crucial to have a clear route to volume manufacture of their product to secure investment and customer backing, but unable to define this at the first stages of commercialisation,” said Toby Gill, CEO of IPG.

“Establishing the digital twin for manufacture of the IPG Flameless Generator, with the AME and backed by industry-experts SDE, will not only give our investors greater confidence in the cost-effective manufacturability of our product. But looking a few years down the line, it will also give us a blueprint that can be reproduced across multiple geographies, facilitating a move into global markets, and also allowing for scaling at a national level,” said Gill.

“Sharing in the IP of a co-created manufacturing blueprint establishes a framework that will allow all to share in the rewards of an accelerated route to market of a promising product offering. For climate tech start-ups such as IPG, early collaboration is invaluable as it allows them to draw on the expertise of industry experts like SDE to support and de-risk the route to scaled manufacturing. For manufacturing companies, providing this support sets the groundwork for an in-depth commercial relationship once the product demonstrates market success,” said Marcos Kauffman, Director of AME.

“I am looking forward to bringing our track record of working with the industry, and our capabilities in digital manufacturing and digital twinning to accelerate the manufacture of the IPG Flameless Generator,” said Kauffman.

“We are very excited to be working with IPG creating their blueprint for volume manufacture of the IPG Flameless Generator,” said Richard Homden, CEO of SDE Technology. “Not only does this new way of working offer a route to expedite cost-effective manufacturing for start-ups like IPG. It will also allow for greater transparency across the entire process, allowing for an in-depth understanding of a product’s true carbon footprint. This marks a very important step towards aligning the industry with our net zero objectives, which is why I believe this to be an excellent opportunity in time to be working with IPG on their product to help us reach these goals.”

<ENDS>

Notes to Editors

About IPG

IPG is a British climate-tech company tackling the ‘dirty secret’ of the energy transition: the diesel generator. They’re delivering a clean, multi-fuel capable generator so that companies can finally end their reliance on diesel, without sacrificing energy security.

The IPG Flameless Generator uses patented flameless combustion technology to deliver pollutant-free power from any fuel. Dynamic fuel flexibility unlocks the use of hydrogen and biofuels, while allowing for the security of conventional fuel back up – disrupting the ‘chicken-and-egg’ scenario between supply and demand of renewable fuels.

IPG is currently raising EIS-eligible investment through Seedrs crowdfunding platform to enable their customers to replace their diesel generators. www.ipg.energy.com.

About AME

The Institute for Advanced Manufacturing and Engineering (AME) is a collaboration between Coventry University and Unipart Manufacturing, bringing together academia, industry and R&D in a factory setting deliver the “UK’s First Faculty on the Factory Floor”.

A centre of engineering excellence, the AME specialises in manufacturing teaching and research in areas such as Industry 4.0, Digital Manufacturing and Simulation, Automation and Control, Metrology and Uncertainty of Measurement, Surface Engineering, Wearables, Lasers, Welding and Joining.

The Institute for Advanced Manufacturing and Engineering has a proven track record for this approach, delivering over £50m of Research and Development projects since its launch in 2014. https://www.coventry.ac.uk/ame/the-institute/

About SDE

With over 50 years’ expertise using the very best in engineering practices, SDE Technology is one of the largest manufacturers of pressings and assemblies in the UK.

SDE Technology are passionate about using cutting edge technology to solve complex engineering problems associated with the manufacture of components, welding and assembly. https://sde.technology/

IPG
Charlotte Aylwin, Communications Officer at IPG
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SDE
Chris Greenough, Chief Commercial Officer at SDE
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The 2021 ESG Report highlights the company’s commitment to improving the environment, the lives of its employees and local communities.

INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission recently released its 2021 Environmental, Social and Governance (ESG) Report designed to provide transparent data on the company’s environmental performance, social impacts and how these practices are governed.

“The world is undergoing extraordinary change and facing unprecedented challenges. From how we communicate and do business, to how we transport people and goods around the globe, to the challenge of meeting the world’s growing energy needs in a sustainable way while minimizing the impact to the environment,” said David Graziosi, Chairman and CEO of Allison Transmission. “As the commercial vehicle industry continues to evolve, Allison’s mission remains clear. We are committed to Improving the Way the World Works with fuel efficient, reliable and innovative propulsion solutions that deliver the performance, quality and differentiated value proposition our customers have come to expect from the Allison brand.”

Allison is committed to its leadership role in fuel and energy efficient propulsion solutions that support sustainability and environmental initiatives. In recent years, the company has expanded its product lineup to include a broad portfolio of fully electric propulsion solutions. Following the successful launch of the eGen Power 100D™ fully electric axle, Allison introduced two new e-Axle variants in 2021 to further address the wide range of applications and markets Allison serves. The company also made significant investments in infrastructure to support advancements in commercial vehicle technology, including the opening of a cutting-edge Innovation Center and completing upgrades to the state-of-the-art Vehicle Electrification + Environmental Test Center located at its global headquarters in Indianapolis. In addition to developing electric vehicle propulsion technology, Allison continues to invest in increasingly fuel-efficient conventional propulsion solutions for the global on-highway and off-highway end markets. Innovative software features such as FuelSense^® 2.0 allow OEMs to further improve fuel consumption by up to 6% and reduce CO₂ emissions. Allison’s fully automatic transmissions and software efficiency features are also compatible with alternative combustible fuels, such as natural gas and propane, which enable fleets to use familiar and proven hardware to achieve reduced emissions.

For more than 100 years, as Allison has grown, so has its commitment to being a responsible and compassionate corporate citizen. For more information on the intentional steps Allison is taking to improve the environment, the lives of its employees and its communities, please refer to the full 2021 Environmental, Social and Governance report: https://www.allisontransmission.com/docs/default-source/corporate-certifications/alsn-2021-esg-report_final.pdf?sfvrsn=4030d31d_1.

About Allison Transmission

Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.

Claire Gregory
Director, Global External Communications
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• Completed long-term commercial agreements with leading global participants in the battery materials supply chain, designating Li-Cycle as a preferred recycling partner;

• $509.3 million in cash on hand as of April 30, 2022; pro-forma cash of approximately $760 million including a total investment of $250 million in Li-Cycle;

• Sufficient liquidity for capital and operating needs for the current project pipeline;

• Operationalized the Arizona Spoke; on track for start-up of the Alabama Spoke; reiterating black mass production target of 6,500 to 7,500 tonnes for fiscal year 2022; and

• Progressed the Rochester Hub and continue to be on track for commissioning in 2023.

TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) ("Li-Cycle" or the “Company"), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced financial results for its second quarter ended April 30, 2022. Revenues increased to $8.7 million from $0.3 million in the second quarter of fiscal year 2021.

“We continued to successfully implement our Spoke & Hub network strategy, with significant operational, commercial, and financial achievements this quarter. The Arizona Spoke is now on-line, doubling our current Spoke capacity and a testament to our modular construction approach. We believe this approach is replicable and scalable for our future Spokes. Additionally, we made continued contracting and execution strides at the Rochester Hub, which remains on target for commissioning in 2023," said Ajay Kochhar, Li-Cycle President and Chief Executive Officer.

"Strategically, we are positioning Li-Cycle as a leading and preferred recycler and supplier of critical battery materials, capitalizing on the significant secular growth trends. We executed long-term in-take and off-take commercial agreements with Glencore plc, a leading battery metals provider, and LG Chem, Inc. (“LG Chem”) and LG Energy Solution, Inc. (“LGES” and, together with LG Chem, “LG”), leading global electric battery manufacturers. This collaborative approach provides customers with a global and vertically integrated solution, which we believe places Li-Cycle at the center of the battery supply chain loop in North America and Europe,” added Kochhar. “Finally, these strategic commercial partnership arrangements were combined with total investment of $250 million in Li-Cycle, further enhancing our balance sheet and enabling additional financial flexibility."

Second Quarter Financial Results

Revenues for the quarter ended April 30, 2022 increased to $8.7 million, compared to $0.3 million in the same quarter last year, driven by increases in product sales volume and metal-based prices.

Operating expenses for the quarter increased to $30.0 million, compared to $5.6 million during the same period last year, reflecting the ongoing expansion of operations in North America and the early build out in Europe. This increase was primarily related to personnel costs for operational, corporate, commercial, and engineering resources as well as professional fees and administrative costs in support of becoming a public company. In addition, higher costs from raw materials and supplies are attributable to increased black mass production.

Net loss for the quarter was approximately $20.7 million, compared to a net loss of approximately $7.8 million in the prior-year period. This loss included $2.9 million of fair value gains on financial instruments.

Adjusted EBITDA¹ loss for the quarter was $19.5 million, compared to $5.1 million for the prior-year period. This was largely driven by the increase in the operating expenses as discussed above, directly related to the growth and expansion of the business. In addition, non-cash stock-based compensation increased to $4.5 million as compared to $0.3 million in 2021.

New Battery Supply Commercial Partnerships

Li-Cycle recently achieved significant commercial milestones, entering into long-term agreements with two leading global strategic partners in the battery material supply chain, thereby closing the loop for key lithium-ion battery materials. Both LG and Glencore designated Li-Cycle as a preferred lithium-ion battery recycling partner. These new partnerships complement Li-Cycle’s existing commercial agreements with Traxys North America Inc. and others.

The Glencore agreements are global in a nature, with a focus primarily on North America and Europe. Glencore will supply battery feedstock for Li-Cycle’s Spokes, as well as both black mass and sulfuric acid for Li-Cycle’s Hubs. Glencore also will provide off-take and marketing of Li-Cycle’s battery-grade end products and certain by-products produced at the Company’s Spokes & Hubs.

The LG agreements are focused on North America. LGES will provide Li-Cycle’s Spokes with nickel-bearing lithium-ion battery scrap and other lithium-ion battery recycling material. Additionally, Li-Cycle will supply LG with nickel sulphate to be produced at Li-Cycle’s Rochester Hub, once operational.

Funding Update and Balance Sheet Position

Li-Cycle ended its second quarter with $509.3 million cash on hand. The Company further enhanced its balance sheet with additional investment proceeds of $250 million, received upon completion of the commercial agreements in May and June 2022 from LG and Glencore, respectively. Including the investment proceeds, the Company’s pro-forma cash balance is approximately $760 million.

As a result, the Company has sufficient liquidity for capital and operating needs to fund its current pipeline of projects in development.

Webcast and Conference Call Information

Company management will host a webcast and conference call on Tuesday, June 14, 2022, at 8:30 a.m. Eastern Time. The related presentation materials for the webcast and conference call will be made available on the investor section of the Li-Cycle website: https://investors.li-cycle.com/overview/default.aspx

Investors may listen to the conference call live via audio-only webcast or through the following dial-in numbers:

Domestic: (800) 909-5202
International: (785) 830-1914
Participant Code: LICYQ222
Webcast: https://investors.li-cycle.com

A replay of the conference call/webcast will also be made available on the Investor Relations section of the Company’s website at https://investors.li-cycle.com.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.

Non-IFRS Financial Measures

Adjusted EBITDA (loss)
The table below reconciles Adjusted EBITDA (loss) to net profit (loss):

Li-Cycle reports its financial results in accordance with the International Financial Reporting Standards (“IFRS”). The Company makes references to certain non-IFRS measures, including Adjusted EBITDA. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing a further understanding of the Company’s results of operations from management’s perspective. Accordingly, they should not be considered in isolation nor as a substitute for the analysis of the Company’s financial information reported under IFRS. Li-Cycle defines Adjusted EBITDA as earnings before depreciation and amortization, interest expense (income), income tax expense (recovery), foreign exchange (gain) loss, fair value (gain) loss on financial instruments, and non-recurring expenses such as forfeited SPAC transaction cost, and listing fee related to the business combination that resulted in Li-Cycle becoming a public company.

Forward-Looking Statements

Certain statements contained in this communication may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as “will”, “continue”, “anticipate”, “expect”, “would”, “could”, “plan”, “future” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements in this press release include but are not limited to Li-Cycle’s ability to capitalize on growth opportunities; the annual input capacity and production output of the Rochester Hub, its expected start-up date and total capital cost; statements about the anticipated benefits from the proposed collaboration with Glencore and LG, including pursuant to the commercial agreements entered into between Li-Cycle and each of Glencore and LG; the ability of Li-Cycle and Glencore to build localized supply chains for both primary and recycled sources of key battery materials to drive sustainable global electrification and better serve their customers; the annual processing capacity of the Arizona, Alabama, Ohio, Norway and Germany Spokes and the timing of commencement of their operations; our target to meet or exceed black mass production of 6,500 to 7,500 tonnes during fiscal year 2022. These statements are based on various assumptions, whether or not identified in this communication, which Li-Cycle believe are reasonable in the circumstances. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.

These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of Li-Cycle’s current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of Li-Cycle’s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and are not guarantees of future performance. Li-Cycle believes that these risks and uncertainties include, but are not limited to, the following: Li-Cycle’s inability to economically and efficiently source, recover and recycle lithium-ion batteries and lithium-ion battery manufacturing scrap, as well as third party black mass, and to meet the market demand for an environmentally sound, closed-loop solution for manufacturing waste and end-of-life lithium-ion batteries; Li-Cycle’s inability to successfully implement its global growth strategy, on a timely basis or at all; Li-Cycle’s inability to manage future global growth effectively; Li-Cycle’s inability to develop the Rochester Hub, Arizona Spoke, Alabama Spoke and other future projects including its Ohio, Norway and Germany Spoke projects in a timely manner or on budget or that those projects will not meet expectations with respect to their productivity or the specifications of their end products; Li-Cycle’s failure to materially increase recycling capacity and efficiency; Li-Cycle may engage in strategic transactions, including acquisitions, that could disrupt its business, cause dilution to its shareholders, reduce its financial resources, result in incurrence of debt, or prove not to be successful; one or more of Li-Cycle’s current or future facilities becoming inoperative, capacity constrained or if its operations are disrupted; additional funds required to meet Li-Cycle’s capital requirements in the future not being available to Li-Cycle on commercially reasonable terms or at all when it needs them; Li-Cycle expects to incur significant expenses and may not achieve or sustain profitability; problems with the handling of lithium-ion battery cells that result in less usage of lithium-ion batteries or affect Li-Cycle’s operations; Li-Cycle’s inability to maintain and increase feedstock supply commitments as well as securing new customers and off-take agreements; a decline in the adoption rate of EVs, or a decline in the support by governments for “green” energy technologies; decreases in benchmark prices for the metals contained in Li-Cycle’s products; changes in the volume or composition of feedstock materials processed at Li-Cycle’s facilities; the development of an alternative chemical make-up of lithium-ion batteries or battery alternatives; Li-Cycle’s revenues for the Rochester Hub are derived significantly from a single customer; Li-Cycle’s insurance may not cover all liabilities and damages; Li-Cycle’s heavy reliance on the experience and expertise of its management; Li-Cycle’s reliance on third-party consultants for its regulatory compliance; Li-Cycle’s inability to complete its recycling processes as quickly as customers may require; Li-Cycle’s inability to compete successfully; increases in income tax rates, changes in income tax laws or disagreements with tax authorities; significant variance in Li-Cycle’s operating and financial results from period to period due to fluctuations in its operating costs and other factors; fluctuations in foreign currency exchange rates which could result in declines in reported sales and net earnings; unfavourable economic conditions, such as consequences of the global COVID-19 pandemic; natural disasters, unusually adverse weather, epidemic or pandemic outbreaks, cyber incidents, boycotts and geo-political events; failure to protect or enforce Li-Cycle’s intellectual property; Li-Cycle may be subject to intellectual property rights claims by third parties; Li-Cycle’s failure to effectively remediate the material weaknesses in its internal control over financial reporting that it has identified or if it fails to develop and maintain a proper and effective internal control over financial reporting. These and other risks and uncertainties related to Li-Cycle’s business are described in greater detail in the section entitled "Risk Factors" in its Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and the Ontario Securities Commission in Canada on January 31, 2022. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.

^{____________________________}

¹ Adjusted EBITDA is not a recognized measure under IFRS. See Non-IFRS Financial Measures section of this press release, including for a reconciliation of Adjusted EBITDA to net profit (loss).

Nahla Azmy
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Kunal Phalpher
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Partnership to Drive End-to-End Sustainability and Closed-Loop Supply Chain in the Electric Vehicle Sector

FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or “the Company”), a global leader in electric vehicle (“EV”) technology with advanced, market-validated electric commercial vehicles, and Princeton NuEnergy, Inc. ("PNE"), an emerging growth company primarily engaged in the regeneration of lithium-ion battery ("LIB") material, today announced a Strategic Partnership Letter of Intent for spent Lithium-ion battery feedstocks for recycled cathode materials and byproducts with Cenntro.

The intent of the partnership is to drive end-to-end sustainability in the EV sector using advanced lithium-ion battery-powered vehicles and PNE recycling technology to reach net-zero emissions.

According to BloombergNEF, cathode choice is a significant factor in determining battery energy density, with cathode materials typically accounting for over half the cost of lithium-ion batteries. PNE’s innovative direct battery recycling processes, Cathode-to-Cathode™ and Anode-to-Anode™, can significantly reduce recycling costs. Overall, PNE’s recycling process can be 44% less costly than mined source materials and 39% less costly than traditional hydrometallurgical processes. Furthermore, PNE’s processes recover over 95% of critical elements in spent lithium-ion batteries, while emitting 70% less CO2 and utilizing 73% less energy when compared to traditional technologies.

“We’re excited to collaborate with Cenntro in creating a closed-loop supply chain by retrieving, recycling, and regenerating battery-grade materials from end-of-life batteries,” said Dr. Chao Yan, founder of PNE. “This strategic partnership brings a new element to the sustainability story as a manufacturer of energy-efficient and carbon-reducing technology. We look forward to creating sustainable, end-to-end solutions that will help us enhance technological innovation in battery recycling and create real impact.”

“It is critical for our industry to recycle efficiently to solve the ongoing scarcities of essential raw materials and reduce the industry's reliance on environmentally intensive mining for battery development,” said Peter Wang, Chairman and CEO of Cenntro. “Our partnership with PNE will act as a foundation to encourage the establishment of efficient, safe, and sustainable recovery pathways for end-of-life electric vehicle battery packs.”

About Princeton NuEnergy

Princeton NuEnergy is a clean-tech start-up delivers innovative and sustainable energy and environmental solutions. The Company's current focus on the direct recycling of lithium-ion batteries from electric vehicles and consumer electronics. The patented “Cathode-to-Cathode™” low temperature plasma technology able to reduce half cost and over 70% CO2 emissions compared with traditional technologies For more information, visit www.pnecycle.com.

About Cenntro Electric Group Ltd.

Cenntro Electric Group Ltd. (or "Cenntro”) (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro’s purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications. Cenntro plans to lead the transformation in the automotive industry through scalable, decentralized production, decentralized production, and smart driving solutions empowered by the Cenntro iChassis™. As of December 31, 2021, Cenntro has sold or put into service more than 3,700 vehicles in over 25 countries across North America, Europe, and Asia. For more information about the company, please visit www.cenntroauto.com.

Princeton NuEnergy Contact:

Dr. Yan Chao
Princeton NuEnergy
Phone: +1(973) 818-3428
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Cenntro Contact:

Investor Relations:
Chris Tyson
MZ North America
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949-491-8235

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DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Pumps Market Research Report by Type (Non-submersible Pumps and Submersible Pumps), Pump Type, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Oil & Gas Pumps Market size was estimated at USD 9,721.08 million in 2021, USD 10,630.98 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 9.53% to reach USD 16,791.17 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Oil & Gas Pumps Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Oil & Gas Pumps Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Oil & Gas Pumps Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Oil & Gas Pumps Market?

4. What is the competitive strategic window for opportunities in the Global Oil & Gas Pumps Market?

5. What are the technology trends and regulatory frameworks in the Global Oil & Gas Pumps Market?

6. What is the market share of the leading vendors in the Global Oil & Gas Pumps Market?

7. What modes and strategic moves are considered suitable for entering the Global Oil & Gas Pumps Market?

Market Dynamics

Drivers

• Increasing utilization of unconventional resources including shale gas & liquids, tight gas & oil and coal bed methane
• Rising concerns toward energy efficiency
• Increasing adoption of high-quality pumps

Restraints

• Increasing focus on use of renewable energy
• Stringent emission regulations on oil & gas

Opportunities

• Development of pipeline infrastructure in Asia Pacific & Middle East
• Capacity expansion in the current oil & gas fields
• Rising investments in numerous oil and gas exploration projects

Challenges

• Management of lead time of the product

Companies Mentioned

• Alfa Laval AB
• Atlas Copco AB
• Ebara Corporation
• Elliott Group Limited
• Flowserve Corporation
• Gardner Denver Holdings Inc.
• Gemmecotti Srl
• Gorman-Rupp Company
• Grundfos AS
• Halliburton Company
• HMS Holdings Corporation
• KSB SE & Co KGaA
• Nikkiso Co Ltd.
• Ruhrpumpen, Inc.
• Schmitt Kreiselpumpen GmbH & Co. KG
• Sulzer Ltd
• The Weir Group PLC
• Trillium Flow Technologies
• Tsurumi Manufacturing Co. Ltd.
• Wilo Se
• Xylem Inc.

For more information about this report visit https://www.researchandmarkets.com/r/pz1ajx

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DI Meters Support TNMP’s Advanced Metering Infrastructure Goals

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#AMI--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that Texas-New Mexico Power (TNMP) was the recipient of Itron’s 4 millionth Distributed Intelligence (DI)-enabled smart electric meter. To date, Itron has shipped 4.2 million of the DI-enabled meters to customers globally. An electricity transmission and distribution service provider to more than 260,000 customers throughout Texas, TNMP is deploying the meters as part of a new program to transition to Itron’s intelligently connected industrial IoT (IIoT) network solution, supporting the utility’s Advanced Metering Infrastructure (AMI) refresh goals. As of June 2022, TNMP has completed more than 75% of the planned deployment and is expected to be complete in early Q3 2022 across its 13,000-square mile territory. Meters are registering on the network within the same day and supporting market operations for reads and disconnect with >99% reliability daily.

Itron’s DI-enabled smart meters are an integral part of Itron’s multi-application, multi-transport IIoT solution, which moves grid analysis, decision-making and control to the grid’s edge, resulting in a significant reduction in latency of action, greatly improved situational awareness, more accurate analysis and advanced event detection. DI will help TNMP improve operational efficiencies by detecting unsafe grid conditions and energy diversion through analytics running at the edge of the low-voltage network. The solution will also enable TNMP to comply with the Advanced Metering System (AMS) requirements in the state of Texas. Itron’s solution offers options for adding IoT applications including smart streetlight monitoring, grid sensors as well as the potential to share network coverage to read neighboring utility water and gas AMI meters.

“The delivery of Itron’s 4 millionth DI-enabled smart meter to TNMP marks a significant milestone for Itron as we enable unprecedented insight into grid operations, improve customer engagement and increase grid safety with our industry-changing IIoT solution,” said John Marcolini, senior vice president of Networked Solutions at Itron. “The future of the modern grid is dependent on leveraging DI at the grid edge to help manage growth, stability and safety. We look forward to continuing our collaboration with TNMP to enable them to make decisions and take action at the grid’s edge.”

“We are excited to safely replace all 3G meters across our service territory in response to the 3G network shutdown,” said Stacy Whitehurst, vice president of Regulatory Affairs at TNMP. “Our collaboration with Itron gives us the tools to better manage the grid, prepare to meet future-state utility requirements and keep our customers safer and more connected. With Itron’s solution, we are positioned for the future in developing and introducing more intelligent services in response to dynamic grid changes at the edge, such as increased distributed energy resources.”

About TNMP

TNMP is a transmission and distribution service provider that delivers power to more than 260,000 homes and businesses on behalf of retail electric providers in Texas. More information is available at tnmp.com/about-us.

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.

TNMP
Sara Yingling, Corporate Communications
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Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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• Pioneer in additive manufacturing, CRP invented the Windform family of high-performance materials for complex and customized designs with best-in-class lead times
• Investment complements ITT and serves the space, aerospace, defense, premium automotive, and motorsports markets 
• Enables ITT access to additive manufacturing excellence as the industry and number of applications continue to grow

STAMFORD, Conn.--(BUSINESS WIRE)--June 14, 2022-- ITT Inc. (NYSE: ITT), a diversified leading manufacturer of highly engineered critical components and customized technology solutions, today announced its investment in CRP Technology and CRP USA (collectively “CRP”). CRP is an industry leader in developing and manufacturing reinforced composite materials for 3D printing for the aerospace, defense, premium automotive, and motorsports industries. The company’s Windform high-performance materials enable engineers to develop complex, customized designs while providing lightweight and exceptionally durable products. With this investment, ITT owns 46% of CRP Technology and 33% of CRP USA.

“CRP is a smart investment for ITT. With almost three decades of leadership and innovation in additive manufacturing, CRP enables ITT to expand its position in material science and gain hands-on experience with additive manufacturing as the industries we serve continue to transform,” said Luca Savi, Chief Executive Officer and President of ITT. “We are proud to partner with CRP as they continue to grow and deliver industry-changing innovations. Together, ITT and CRP can bring to market new products that deliver sustainable, lightweight, durable solutions for our customers.”

CRP has advanced additive manufacturing capabilities through its Windform range of materials, the leading, lightweight, fiber-reinforced composite materials for industrial 3D printing. Initially focused on manufacturing high-performing parts and applications for racing, including Formula One vehicles, CRP now works with engineers in the transportation industries to create complex designs that help reduce mass, weight, and costs, while shortening lead times and enhancing endurance.

“This transaction will allow CRP to accelerate our growth-focused business plan in the markets we serve today and in new global markets,” said Franco Cevolini, Chief Executive Officer of CRP Technology. “We are proud to work with ITT to extend our scope and drive further innovation in the additive manufacturing industry.”

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in Stamford, Connecticut, with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com.

About CRP Technology and CRP USA

Located in the Italian Motor Valley, with manufacturing plants and consultancy offices worldwide, CRP Technology supplies reliable and durable components that magnify manufacturers’ designs and helps companies gain a competitive advantage.

CRP USA, based in Mooresville, North Carolina, in the heart of the southern industrial manufacturing hub, leverages the extensive experience of CRP Technology in North America. The company has a balanced portfolio that maintains a presence in motorsports while being a key supplier of components for spacecraft, entertainment, defense, automotive, and other advanced industrial applications.

To learn more about the companies, visit their web sites: CRP Technology and CRP USA.

Media:
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+1 914-641-2103
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+1 914-641-2064
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New CTO Kip Larson brings over a decade of experience at the nexus of technology and physical infrastructure at Amazon, AWS, and Convoy

LOS ANGELES & SAN FRANCISCO--(BUSINESS WIRE)--8minute Solar Energy (8minute), a nationwide leader in solar and energy storage, today announced the appointment of its first Chief Technology Officer (CTO), Kip Larson. In his new role, Larson will further 8minute’s existing technological expertise – applying cutting-edge approaches to 8minute’s already best-in-class suite of smart power plants and associated products and services. The CTO appointment expands 8minute’s capabilities in developing, generating, and delivering clean energy by expanding the traditional focus on hardware to include software engineering, machine learning, and more.

Larson brings over a decade of experience leading technology teams and ushering in transformational change at renowned companies such as Amazon, Amazon Web Services, and Convoy, the world’s leading digital freight network. Larson and his teams developed technology to optimize Amazon’s network of fulfillment centers to deliver products to customers in record time, and he is poised to do the same for solar and energy storage – helping 8minute reliably deliver low-cost, clean energy, any time of day or night, to more Americans than ever before.

“Clean energy is becoming more and more a technology business – the work we do designing cutting-edge power plants is more akin to smart phones than drilling for oil wells,” said 8minute Founder and CEO Dr. Tom Buttgenbach. “As we envisioned where we needed to go to power the clean energy solutions of tomorrow, we looked to the places where technology and software have revolutionized industries – and that is where we found Kip. We are thrilled to have him join our leadership team and help us transform our nation’s electric grid.”

Technology has transformed the way clean energy products and services are designed and delivered, and 8minute has been at the helm of that transformation. As CTO, Larson’s expertise and leadership will be vital as 8minute’s technical teams develop reliable and scalable clean energy solutions that will help power the lives of millions of Americans and deliver on renewable energy goals while driving cost of electricity down.

With over ten years of experience leading technology-driven optimization, Larson is an ideal fit for the adventure ahead for 8minute. In his time at Amazon he and his team built the technology needed to direct a global network of millions of warehouse employees, steer billions of dollars of warehouse investment, and allow the company to react with lightning speed to the changing needs of customers. At Amazon Web Services, he led efforts to bring these powerful, machine-learning and optimization capabilities to customers as diverse as Volkswagen, Bayer Pharmaceuticals, and the Carrier Corporation. Larson also brings experience in the startup world, having built out the world’s first and most sophisticated digital freight network at Convoy, a platform that helps truckers and shippers reduce CO₂ emissions from trucking by more than a third. He sees even bigger opportunities to deploy the same efficiency-maximizing technologies in the clean energy space.

“Modern software technology has incredible promise to transform how physical equipment, from trucks to power plants, serve customers and businesses. The clean energy transition represents the greatest opportunity our economy has ever seen to leverage this technology to improve human well-being. I am thrilled to bring my experience to 8minute, and to join a team that is leading the push to solve one of the world’s greatest problems – climate change – by building towards a clean energy economy,” said Larson.

8minute began 2022 by announcing $400 million in financing from EIG to support its pipeline execution and expansion, and is set to deploy a range of its proprietary smart power plant designs across its development portfolio to deliver low-cost, reliable clean electricity and green hydrogen to meet the diverse needs of the power market. By integrating clean energy generation and storage into one highly efficient, intelligent system, 8minute’s smart power plants can dynamically manage load in real time, providing critical grid stabilization, like frequency regulation and ancillary services, and respond instantaneously to power outages.

With one of the largest pipelines, 8minute has more than 18 GW of solar and 24 GWh of energy storage projects under development, enough to provide clean, reliable power for 20 million Americans – day and night. Its portfolio features historic milestones including: the U.S.’s largest solar cluster, the first operating solar plant to beat fossil fuel prices and a project to deliver solar with storage at record-low prices.

ABOUT 8MINUTE SOLAR ENERGY

As a record-breaking, unrivaled technology leader, 8minute Solar Energy (8minute) is championing the clean energy transition in the United States and shaping the future of energy through its next generation of smart power plants. Since its founding in 2009, 8minute has successfully put 2 GW of solar projects in operation and currently has over 18 GW of solar and 24 GWh of storage projects under development. By prioritizing technology and engineering innovation, 8minute’s best-in-class team has continued to set new industry records: developing the largest solar plant in the nation starting in 2011, delivering the first operational solar plant in the U.S. to beat fossil fuel prices in 2016, and securing a deal to deliver solar with storage at record-low prices in 2019. Now one of largest solar developers in the country with an established track record of delivering above-market profitability, 8minute’s relentless pursuit of smart energy generation is unlocking growth and expanding access to clean, abundant, and reliable energy.

For more information, please visit www.8minute.com, and follow 8minute on Twitter and LinkedIn.

Katie Struble
Director, Corporate Communications
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Eagle LNG Partners LLC (“Eagle LNG”) announced today it has partnered with the Royal Caribbean Group to provide liquefied natural gas (LNG) bunkering for the cruise company’s LNG ships, including the first ship debuting in 2023 — Icon of the Seas, the first ship in the Icon Class for the company’s Royal Caribbean International brand. Eagle LNG will debut multiple purpose-built LNG vessels equipped for marine bunkering and gas delivery throughout the Caribbean.

The LNG bunker supply vessels are optimized for cruise ship bunkering with state-of-the-art distance keeping, hose handling, product conditioning and mooring solutions. Given the beauty of the countries and islands where they will operate, the vessels will maintain the highest possible environmental ship index (ESI) score, fuel efficiency, versatility and cargo handling capabilities while incorporating design elements from the vibrant colors of the Caribbean islands.

“Eagle LNG is honored to have been chosen by Royal Caribbean Group as its LNG bunker partner. Our shared vision for a sustainable future, including achieving net zero emissions by 2050, creates a strong foundation for a long-term partnership,” said Matthew Fisher, Vice President of Corporate Development and Sustainability for Eagle LNG. “By introducing these purpose-built bunkering ships for the Caribbean, we are setting that vision into motion while also creating opportunities for island nations to access low-cost, secure, U.S. produced natural gas for power generation.”

The LNG supply will be sourced from Eagle LNG’s liquefaction facilities in Jacksonville, Florida. Eagle LNG’s facilities are designed for loading bunker vessels and LNG carriers for the Caribbean while maintaining economies of scale using modular liquefaction technology. The facilities will be capable of blending in renewable feedstocks to help customers achieve their carbon reduction goals.

About Eagle LNG

Eagle LNG is a privately held and operated portfolio company of The Energy & Minerals Group. Eagle LNG provides affordable, efficient, and clean-burning energy. It develops bespoke small-scale LNG fueling solutions for marine industries and power generation in the Caribbean and Latin America. Eagle LNG is based in Houston, Texas. For additional information, please visit www.eaglelng.com.

About The Energy & Minerals Group

The Energy & Minerals Group (EMG) is a private investment firm with Regulatory Assets Under Management of approximately $13 billion as of March 31, 2022. EMG targets equity investments of $150 million to $1,000 million in the energy and minerals sectors with talented, experienced management teams, focused on hard assets that are integral to existing and growing markets. For additional information, please visit www.emgtx.com.

Linda Berndt
Eagle LNG Partners
Mobile: +1-214-864-1886
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Company plans to achieve net zero operations by 2030, net zero value chain by 2045

ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR), a global leader in technology and software solutions, announced its sustainability strategy to achieve net zero greenhouse gas (GHG) Scope 1, Scope 2 and Scope 3 emissions by 2045. The company detailed its goal to reach net zero and its environmental, social and governance progress in its 2021 ESG report, published today.

“We help enable the low-carbon transition of some of the largest companies and most critical industries around the world,” said Lal Karsanbhai, Emerson’s president and chief executive officer. “Our net zero goal is a vital step forward as we evolve our business and contribute to a more sustainable world.”

Emerson has aligned its sustainability approach to the Net-Zero Standard set by the Science Based Target initiative (SBTi), the leading organization driving science-based target adoption. By 2030, Emerson plans to reach net zero across its own operations for Scope 1 and Scope 2 emissions and drive a 25% reduction in its Scope 3 value chain emissions compared to a 2021 baseline. These 2030 near-term targets have been approved by SBTi as consistent with the 1.5°C trajectory required to meet the goals of the Paris agreement. Emerson has also committed to validate its long-term 2045 net zero target, in line with the SBTi’s Net-Zero Standard.

“In addition to the depth of our own sustainability roadmap, Emerson’s products, software and services help enable our customers, suppliers and partners to achieve their sustainability objectives,” said Mike Train, Emerson’s senior vice president and chief sustainability officer. “In the face of climate change, we believe driving at-scale adoption of energy transition solutions can make a net zero future a reality.”

Emerson’s 2021 ESG report also highlights social and governance progress. Emerson hired its first chief people officer, continued to expand the use of ESG metrics in its compensation programs, and advanced its diversity, equity and inclusion goals and employee programs.

“The support and energy from the Board of Directors and the management team is setting the tone for the future direction and culture of Emerson,” said Elizabeth Adefioye, Emerson’s senior vice president and chief people officer. “I am excited by our ESG goals and the progress we are making on so many fronts.”

To learn more about Emerson’s net zero target and to see the company’s latest ESG Report, please visit Emerson.com/ESG.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and software company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production and protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information, visit Emerson.com. Discussion of initiatives, goals plans, targets and other forwarding looking items, should be read in conjunction with our ESG Report in its entirety, including, without limitation, the “About this Report” section.

Media Contact: Mesa Denny
Phone: 612-802-5573
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+ Strong interest shown towards senior debt from Western World ECAs and governmental bodies, which is estimated to cover up to approximately 70% of NMG’s total funding required for its Phase-2 growth, subject to standard project finance conditions

+ NMG appoints Société Générale as the sole mandated lead arranger for the ECA facilities; Société Générale will oversee the due diligence process, support efforts to obtain final credit approval and assist NMG in offtake negotiations

+ Amid increasing demand from battery and EV manufacturers, NMG advances commercial discussions and technical product qualification with a view towards securing an anchor customer agreement with a potential financial participation

+ NMG is developing a robust financing structure to fund its integrated Phase 2, the Bécancour Battery Material Plant and the Matawinie Mine, focusing on medium-term capital to be secured over time

+ ECA and governmental intended backing denotes NMG’s attractive and timely business model, underpinned by strong ESG principles and proprietary technologies

MONTRÉAL--(BUSINESS WIRE)--$NMG #EV--Nouveau Monde Graphite Inc. (“NMG”, “Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) reports meaningful progress on its financing efforts for the development of its fully vertically integrated Phase-2 operations, combining the Bécancour Battery Material Plant and Matawinie Mine. Following the appointment of financial advisors to assist with the structuring and securing of project financing, the Company has engaged with Export Credit Agencies (“ECAs”), governments, strategic investors, and potential customers to frame a robust capital structure that leverages international debt, government funding and equity. NMG has received formal Expressions of Interest (“EOI”) to cover approximately up to 70% of the estimated total funding for an integrated project, subject to standard project finance conditions. NMG’s financing approach strives to further derisk its development by seeking to secure medium-term debt, complemented by strategic equity participation.

Arne H Frandsen, Chair of NMG, said: “The strong expressions of interest received through our financing efforts thus far illustrates the technical, commercial, and sustainable attractiveness of NMG’s ore-to-battery-material business. As the Western World rushes to secure minerals, advanced materials, and manufacturing capacity to engage in the global clean energy economy, the team at NMG has made tremendous progress in advancing our fully integrated model through our proprietary ecotechnologies, Phase-1 production, engineering of our Phase 2 and active engagement with the marketplace. The contemplated structure of our financing and the participation of leading international lenders would strategically position the Company for future steps.”

Senior Debt Facility

As NMG’s technical team and engineering consultants finalize the selection of key equipment and service providers for Phase 2, discussions with ECAs have advanced considerably and have led to a significant level of interest by certain ECAs. The Company has received indicative expressions of interest for a senior debt facility from Euler Hermes Aktiengesellschaft, the German Export Credit Agency (“EH”) and Export Development of Canada (“EDC”) Canada’s export credit agency.

The proposed medium-term project finance is expected to deliver a significantly lower cost of capital than traditional financing structures. As both ECAs and the capital markets increasingly turn their attention to support impact investment, the funding would also reflect NMG’s significant environmental, social and governance (“ESG”) benefits to key stakeholders, including the local community, as well as contribute to the global clean energy drive towards zero emissions. The lower interest rates and longer repayment terms associated with ECA financing minimizes the financial risks with this level of funding.

Eric Desaulniers, Founder, President, and CEO of NMG, commented: “I am confident that the competitive and integrated nature of our projects, combined with our best-in-class approach to ESG standards, will advantageously position NMG towards international lenders and customers. As governments, institutions and investors look to support decarbonization ventures, our value proposition provides exceptional exposure to battery materials while promoting a carbon-neutral footprint, local development of critical value chains and responsible sourcing.”

The EOIs have indicated funding of up to approximately 70% of the total funding required, to include both an imported component and the local costs associated with the installation of that imported content and an additional local component. EH has provided a strong EOI which is in line with the Organisation for Economic Co-operation and Development (“OECD”) Arrangements of Officially Supported Export Credits. EH has stipulated minimum German content requirements and welcomes EDC’s involvement in helping to facilitate the development of the project in order to support greater exports out of Canada under their “Export Capacity” mandate. EDC will potentially provide direct lending in either CAD$ or US$, the terms of which will need to be agreed. EDC is expected to participate alongside EH under a Common Terms Agreement.

The EOIs provide an indication of the attractiveness of the project, and cover, in principle, the level of financial support and their flexibility and desired conditions. The EOIs are not binding commitments and are subject as is customary to a series of standard project finance terms and satisfactory due diligence.

To further advance the development of this facility, NMG has appointed Société Générale as the sole coordinating mandated lead arranger (“MLA”). The appointment of Société Générale was undertaken after a Tender Panel issued by NMG’s advisor, GKB Ventures Ltd (and supported by SD Capital Advisory Limited), to the banking market and after an extensive review and selection process. Société Générale is a leading international financial services group, has very strong credentials in the metals and mining space as well as the battery value chain. It was named International Financing Review’s 2021 Bank of the Year for Sustainability for its role in helping tackle global warming through financial leadership and climate action.

The following stages in the Company’s financing efforts will include, among other things, setting up due diligence workstreams, completion of the definitive feasibility study, securing a formal credit approval and providing lenders with its National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”)-compliant feasibility study. Targeted to be delivered before the end of Q2-2022, the study will reflect NMG’s integrated business model for the Phase-2 Bécancour Battery Material Plant and Matawinie Mine in a unified economics structure.

The ECA backing that the Company is striving to secure demonstrates a sound vote of confidence in the responsible, carbon-neutral and sustainable development of what is projected to be North America’s largest fully integrated natural graphite operation.

Commercial Engagement

In parallel to its financing efforts, NMG continues to advance commercial discussions with tier-1 battery manufacturers thanks to the production of its Phase-1 facilities that enables technical product qualification and confirmation of specifications and quality standards. The Company is striving to secure an anchor customer offtake agreement that could potentially be coupled with a cornerstone strategic investor's participation in the financing structure. This agreement could prove beneficial in advancing the financing efforts to the next stage.

Leveraging its global advisory expertise in the battery and energy transition sectors, Société Générale will also assist NMG as a strategic advisor in the negotiation with a potential off-taker and equity-stake investor. Throughout the negotiation process, Société Générale will be called upon to provide a valuation view, assistance in the formulation of an optimal outcome across off-take conditions, valuation of the equity and timeline to enable the project finance debt, and support in structuring and finalizing the terms and conditions of the equity investment.

Governmental Levers

Based on discussions to date, NMG anticipates meaningful government support in the form of debt, equity and/or grants as both the Québec and Canadian governments are rolling out generous measures to develop a local battery and electric industry underpinned by an abundance of strategic minerals, mining expertise, advanced manufacturing capacity and ESG-leading standards. The U.S. Government has also positioned its capacity to fund critical mineral businesses by adopting the Defense Production Act Title III Presidential Determination for Critical Materials in Large-Capacity Batteries.

About Nouveau Monde Graphite

Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

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Cautionary Note Regarding Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the potential project financing and the terms and conditions thereof, the involvement of ECAs, the Quebec and Canadian Government and the other parties mentioned in this press release, the intended conclusion of a customer offtake agreement and potential strategic investor's participation in the financing structure, the intended results of the initiatives described in this press release, future demand from battery and EV manufacturers, the benefits of the Company’s financing strategy, the Company’s ESG initiatives and commitments and their benefits to stakeholders, the objective of developing the largest fully integrated natural graphite operation in North America, and those statements which are discussed under the “About Nouveau Monde” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.

Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Corporation believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Corporation has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com

MEDIA

Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
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INVESTORS

Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
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• Puma 3 AE unmanned aircraft system delivers immediate tactical reconnaissance, surveillance and target acquisition in day or night maritime and land-based operations
• AeroVironment’s small unmanned aircraft systems comprise the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory; deployed by more than 50 allied governments

ARLINGTON, Va.--(BUSINESS WIRE)--$AVAV #Puma3AE--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today announced receipt of a $6,166,952 firm-fixed-price contract award for Puma™ 3 AE small unmanned aircraft systems (SUAS) and spares on May 3, 2022, for the U.S. Marine Corps. Delivery is anticipated to be completed in July 2022.

“Puma 3 AE has proven itself as the ideal solution for low-altitude intelligence, surveillance and reconnaissance missions in any operational environment and continues to serve as the backbone of the U.S. Marine Corps Medium Range/Medium Endurance Forces,” said Trace Stevenson, AeroVironment vice president and product line general manager for SUAS.

AeroVironment’s Puma 3 AE delivers mission critical capabilities in all environments. Puma 3 AE has a wingspan of 9.2 feet (2.8 meters), weighs 15 pounds (6.8 kilograms) and can operate up to 37.2 miles (60 kilometers) with AeroVironment’s Long-Range Tracking Antenna (LRTA). Multi-mission capable, operators can easily swap Puma 3 AE’s payloads quickly, selecting between the Mantis™ i45 and the enhanced night variant, Mantis i45 N. Puma 3 AE is launchable by hand, bungee, rail, or vehicle, and is recoverable by deep-stall landing, providing class-leading capabilities in challenging environments around the world.

AeroVironment’s SUAS comprise the majority of all unmanned aircraft in the U.S. Department of Defense (DoD) inventory, and its rapidly growing international customer base numbers more than 50 allied governments, including the Ukraine. To learn more, visit www.avinc.com.

ABOUT AEROVIRONMENT UNMANNED AIRCRAFT SOLUTIONS

AeroVironment’s portfolio of intelligent, multi-domain robotic systems includes small footprint, runway-independent unmanned aircraft systems (UAS). These solutions offer increased, multi-mission capabilities with the option of selecting the appropriate aircraft based on the type of mission to be performed. These capabilities have the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel, as well as greater safety, scalability and cost savings to commercial operators. With the addition of the Crysalis™ next-generation ground control solution, command and control of compatible UAS and their payloads is streamlined through an intuitive user experience, and battlefield communication and collaboration are improved by enabling users to easily share real-time information and coordinate mission-critical decisions. AeroVironment provides turnkey intelligence, surveillance and reconnaissance (ISR) and support services worldwide to ensure a consistently high level of mission success. AeroVironment has delivered tens of thousands of new and replacement unmanned air vehicles to customers within the United States and to more than 50 allied governments. For more information, visit www.avinc.com/uas.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems and serves defense, government and commercial customers. For more information, visit www.avinc.com.

SAFE HARBOR STATEMENT

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

AeroVironment, Inc.
Makayla Thomas
+1 (805) 520-8350
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Mark Boyer
For AeroVironment, Inc.
+1 (310) 229-5956
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PHILADELPHIA--(BUSINESS WIRE)--Doral Renewables LLC (“Doral”) has successfully closed construction project financing for Mammoth North, the first phase of Doral’s broader Mammoth Solar project. Mammoth North is located on 4,500 acres in Starke County, Indiana, in the northwestern region of PJM. The project will be a ground-mounted single axis PV system with 400 MWac of solar power capacity. Doral is also developing the nearby Mammoth Central and Mammoth South projects which, together with Mammoth North, will bring 1.3 GWac of capacity to market as one of the country’s largest collective solar farms.

Deutsche Bank AG, New York Branch acted as sole bookrunner, sole structuring bank and mandated lead arranger for the $392 million financing for the project, which consisted of a $157 million construction-to-term loan facility, a $170 million tax equity bridge loan, and a $65 million letter of credit facility. Bayerische Landesbank, New York Branch and National Bank of Canada acted as Lead Managers with Banco de Sabadell, S.A, Miami Branch, Comerica Bank, a Texas banking association, Intesa Sanpaolo S.p.A., New York Branch, and Metropolitan Life Insurance Company rounding out the syndicate for the debt and letter of credit facilities. The closing was completed simultaneously with Doral’s signing of a nearly $175 million tax equity commitment for the project from Bank of America N.A. Marathon Capital Markets, LLC acted as exclusive financial advisor for Doral.

Mammoth North will generate energy and renewable energy certificate revenue via its long-term Power Purchase Agreement (PPA) with AEP Energy Partners, Inc., a subsidiary of American Electric Power (Nasdaq: AEP), one of the largest investor-owned utilities in the U.S., providing AEP’s consumers with clean energy. Doral expects that the facility will power approximately 75,000 Midwestern homes once in operation.

“We are proud to support Doral with this financing and to have partnered with their world class development team and furthered DB’s commitment to Sustainable Financing,” said Jeremy Eisman, head of Infrastructure & Energy Financing and Structuring at Deutsche Bank.

“Doral is thrilled to have collaborated with Deutsche Bank to raise this important piece of capital which will enable us to bring Mammoth North to commercial operation as expected in 2023,” said Evan Speece, Chief Financial Officer at Doral Renewables LLC. “We look forward to continuing to work with our financing partners to bring clean energy from the other stages of Mammoth, and the rest of our growing pipeline, to customers throughout the United States.”

About Doral Renewables LLC

Doral is a U.S. company owned by Doral Renewable Energy Resources Group (TASE:DORL, “Doral Group”), a publicly traded Israeli renewable energy company, Migdal Group, Israel’s largest insurance company and pension manager, and U.S. members. Doral is developing an 11 GWac wind, solar, and storage portfolio across 20 states, eight electricity markets and covering approximately 100,000 acres of land. It has over $2 billion in long-term wholesale power purchase agreements with U.S. customers.

About Doral Group

Doral Group is a publicly-traded company on the Tel Aviv Stock Exchange in Israel (DORL) and is a global renewable energy leader, holding hundreds of long-term revenue-generating renewable energy assets. Doral Group is active, inter alia, in Israel, Europe, and the United States. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions, following its win of Israel’s biggest solar + storage tenders to build approximately 750 MWdc + 1,400MWh of storage facilities in Israel.

Evan Speece
Chief Financial Officer
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 Industry group details best practices to avoid carbon monoxide poisoning

CLEVELAND--(BUSINESS WIRE)--Hurricane season is here, bringing with it increased use of portable generators. While portable generators are life-saving emergency safety tools, their incorrect use can lead to carbon monoxide poisoning and even death. The Portable Generator Manufacturers’ Association (PGMA) wants to help prevent these tragic outcomes.

Take it Outside™ is a program developed to help keep portable generator owners and their families safe. Residents in at-risk states are encouraged to start thinking now, ahead of storms, about how to safely use generators and, specifically, where they can be safely positioned outside. Much like creating a strategy ahead of a house fire, it’s at times like this, before a storm strikes, that action is needed.

The Take it Outside program emphasizes that the only safe way to operate a portable generator is by taking it outside, but its location outdoors is important, too. Positioning it far away from structures, doors, and windows to prevent carbon monoxide poisoning is vital for safe operation. Planning where you will position your alternative energy source – and ensuring you have an extension cord long enough to accommodate this safe distance – is mandatory to keep people safe from the colorless, odorless threat of carbon monoxide.

It’s important to always read and follow the portable generator operator’s manual before operating. Carbon monoxide can quickly build up and linger for hours, even after the generator has shut off.

DO NOT run a portable generator inside homes, garages, basements, crawl spaces, sheds or any other partially enclosed space even if using fans or opening doors and windows for ventilation. ALWAYS place a portable generator downwind, far away from windows, doors and vents, and point the engine exhaust away from enclosed or partially enclosed spaces.

Install battery-operated carbon monoxide alarms or plug-in carbon monoxide alarms with battery backup according to the manufacturer’s instructions.

If you feel sick, dizzy or weak while using your portable generator, shut it off and get to fresh air immediately. See a doctor, as you may have carbon monoxide poisoning.

Review PGMA’s safety materials, make a plan, and practice the plan.

About PGMA

The Portable Generator Manufacturers’ Association (PGMA) is a trade association that seeks to develop and influence safety and performance standards for our industry’s products. www.pgmaonline.com.

Pete Zeller
216.579.6100 ext. 2
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