Equinor, the NYU Tandon School of Engineering, NOWRDC Create Partnership Supported by NYCEDC to Advance Offshore Wind Technology
NEW YORK--(BUSINESS WIRE)--Equinor, together with its partner bp, today announced the launch of a New York-based Offshore Wind Innovation Hub that will facilitate partnerships with start-ups that bring new technological solutions to the rapidly growing US offshore wind industry. The initiative springs from a new three-year partnership between Equinor, the Urban Future Lab (UFL) at the NY Tandon School of Engineering, and the National Offshore Wind R&D Consortium (NOWRDC), supported by New York City Economic Development Corporation (NYCEDC).
The new Innovation Hub will leverage the success of the Urban Future Lab in promoting and helping the launch of cleantech start-ups, fostering collaboration with the international incubator community to cultivate pilots and demonstration projects that accelerate advances in offshore wind.
The Innovation Hub will create a physical location for offshore wind programming and serve as a center for the industry’s innovation ecosystem. The Hub will host educational programming, workshops and curricula for the startups, as well as networking opportunities with industry participants. It will be located adjacent to Equinor and bp’s new project office in Sunset Park.
Equinor is leading the initiative on behalf of its 50-50 strategic partnership with bp. Together, the companies are developing the Beacon Wind and Empire Wind projects, which will supply 3.3 gigawatts (GWs) of renewable energy to New York—enough to power nearly two million homes.
“Offshore wind is increasingly accepted as a viable new source of renewable energy, but the industry has evolved by harnessing the power of nature through cutting-edge technological solutions,” said Siri Espedal Kindem, President of Equinor Wind U.S. “Equinor and bp are thrilled to launch this partnership in an effort to push the envelope even further by nurturing innovative new ideas from around the world that will help drive technological growth and efficiency even further. Establishing this innovation hub is just one way we are accelerating the development of the offshore wind industry in New York and beyond.”
“NOWRDC is pleased to provide its support to the Innovation Hub and its future cohorts,” said Robert Catell, Chair of the National Offshore Wind Research and Development Consortium.
“NYCEDC is committed to accelerating equitable innovation in New York City’s growing offshore wind industry,” said New York City Economic Development Corporation COO Melissa Burch. “We look forward to supporting the Innovation Hub’s partners in building a program that ensures a diverse startup ecosystem with a curriculum that focuses on generating shared equity for all New Yorkers.”
Doreen M. Harris, President and CEO, NYSERDA said, “New York is committed to being the nation’s hub for offshore wind development, setting a template for the green economy and the clean energy grid of the future. We applaud the efforts of Equinor and bp, NYU’s Urban Future Lab, NOWRDC, and NYCEDC to grow this industry by harnessing the intellectual and entrepreneurial power of New Yorkers.”
“The benefits of this program to the citizens of NYS are twofold. Not only will the Equinor/bp projects bring us clean, renewable energy, but the Innovation Hub will be an important step in building a new wind industry based in NY. The nascent technologies that are necessary for successful deployment will find a receptive home and business development services at the Hub,” said Pat Sapinsley, Managing Director, Cleantech Initiatives, NYU Urban Future Lab.
In the coming months, the partners will develop a call for applications to identify and select industry-leading startups whose technologies address key challenges facing US offshore wind. Once chosen, these startups will receive tailored support and unique programming that draws on UFL’s network of mentors, NOWRDC industry community, and key policy figures in the technology areas identified for the cohort – laying the groundwork for potential partnerships between Equinor and the participating startups.
About Empire Wind and Beacon Wind
Empire Wind and Beacon Wind are being developed by Equinor and bp through their 50-50 strategic partnership in the US.
Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of between approximately 75 and 135 feet. The lease was acquired in 2017. The projects two phases, Empire Wind 1 and 2, have a total installed capacity of more than 2 GW (816 + 1,260 MW).
Beacon Wind is located more than 60 miles east of Montauk Point and 20 miles south of Nantucket and covers 128,000 acres. The lease was acquired in 2019 and has the potential to be developed with a total capacity of more than 2 GW. This first phase, Beacon Wind 1, is currently under development; it will have an installed capacity of 1,230 MW.
For more information, please visit www.beaconwind.com and www.empirewind.com.
About Equinor Renewables US
Equinor is one of the largest offshore wind developers in the United States, where it operates two lease areas, Empire Wind and Beacon Wind.
Equinor is actively developing three projects: Empire Wind 1, Empire Wind 2, and Beacon Wind 1. Once completed, these projects will produce enough electricity to power about 2 million New York homes, and will help generate more than $1 billion in economic output to New York State.
The United States is an attractive growth market for Equinor, a leader in offshore wind, with an ambition to install 12-16 GW of renewables capacity globally by 2030.
About bp
bp’s ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. bp is America’s largest energy investor since 2005, investing more than $130 billion in the economy and supporting about 230,000 jobs. For more information on bp in the US, visit www.bp.com/us.
About The National Offshore Wind Research and Development Consortium
The National Offshore Wind Research and Development Consortium, established in 2018, is a not-for-profit public-private partnership focused on advancing offshore wind technology in the United States through high impact research projects and cost-effective and responsible development to maximize economic benefits. Funding for the Consortium comes from the U.S. Department of Energy and the New York State Energy Research and Development Authority (NYSERDA), with each providing $20.5 million, as well as contributions from the Commonwealths of Virginia and Massachusetts and the States of Maryland and Maine, and New Jersey, bringing total investment to approximately $47 million. For more information, please visit nationaloffshorewind.org
About the Urban Future Lab at NYU Tandon School of Engineering
Founded in 2009, the Urban Future Lab at NYU Tandon School of Engineering is New York City’s longest running cleantech startup incubator. As an integral part of the NYU Tandon Future Labs network (https://futurelabs.nyc/), UFL provides unmatched access to industry stakeholders, strategic advice, marketing and branding support, investor networks, and a community of like-minded founders. Our portfolio includes industry-leading startups in the areas of renewable energy, smart buildings, agriculture, transportation, and resource-efficiency. The Urban Future Lab is leading the way to a more sustainable world by connecting people, capital, and purpose to advance market-ready solutions to address climate change. For more information, please visit ufl.nyc or find us on Twitter. For more information about NYU Tandon please visit engineering.nyu.edu.
About the New York University Tandon School of Engineering
The NYU Tandon School of Engineering dates to 1854, the founding date for both the New York University School of Civil Engineering and Architecture and the Brooklyn Collegiate and Polytechnic Institute. A January 2014 merger created a comprehensive school of education and research in engineering and applied sciences as part of a global university, with close connections to engineering programs at NYU Abu Dhabi and NYU Shanghai. NYU Tandon is rooted in a vibrant tradition of entrepreneurship, intellectual curiosity, and innovative solutions to humanity’s most pressing global challenges. Research at Tandon focuses on vital intersections between communications/IT, cybersecurity, and data science/AI/robotics systems and tools and critical areas of society that they influence, including emerging media, health, sustainability, and urban living. We believe diversity is integral to excellence, and are creating a vibrant, inclusive, and equitable environment for all of our students, faculty and staff. For more information, visit engineering.nyu.edu.
For media inquiries, please contact:
Lauren Shane, senior communications manager, Equinor Renewables US:
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Karl Greenberg, public affairs
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Kori Groenveld, Program Manager, National Offshore Wind Research & Development Consortium
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WASHINGTON--(BUSINESS WIRE)--Earlier today, Governor Glenn Youngkin announced that Nodal Exchange, a Fairfax County-based derivatives exchange providing price, credit, and liquidity risk management solutions to participants in the North American commodities markets, will increase capacity at its headquarters located at 1921 Gallows Road in Tysons. The expansion will create 37 new jobs.
“Nodal Exchange was founded in Fairfax County, which we believe is an ideal location for attracting and retaining an outstanding professional team necessary for operating a derivatives exchange and clearing house, and we are thrilled to be able to continue to grow and further expand here. It is a wonderful location with a highly educated and diverse workforce,” said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear. “It is also centrally located for our trading and clearing community and in close proximity to our regulators in Washington, D.C.”
Founded in 2007, Nodal Exchange is a derivatives exchange and a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts and the world’s largest set of environmental contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 power contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. The majority of U.S. power futures open interest is on Nodal Exchange with 1.210 billion MWh representing $180 Billion of notional value based on both sides as of the end of May 2022. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear, which is a CFTC (Commodity Futures Trading Commission) registered derivatives clearing organization and a wholly owned subsidiary of Nodal Exchange. Nodal Clear is also the clearing house for Coinbase Derivatives. Nodal Exchange is a designated contract market regulated by the CFTC.
“In Fairfax County, we are forward-thinking and constantly working towards next-generation advancements. Nodal Exchange is a great example of that, using their platform to create an efficient market for energy trading, especially clean energy,” said Jeffrey C. McKay, Chairman of the Fairfax County Board of Supervisors. “We are excited about Nodal Exchange’s growth and expansion in Tysons, further demonstrating that Fairfax County continues its national leadership as an innovation hub.”
“We are honored to have Nodal Exchange continue to call Fairfax County home,” said Victor Hoskins, President and CEO of Fairfax County Economic Development Authority (FCEDA). “Companies like Nodal Exchange expanding their operations here not only speak to our strong innovation ecosystem but also the unparalleled access to top talent we provide.”
FCEDA worked with the Virginia Economic Development Partnership (VEDP) to secure the project for Virginia. VEDP will support Nodal Exchange’s job creation through the Virginia Jobs Investment Program (VJIP), which provides consultative services and funding to companies creating new jobs in order to support employee recruitment and training activities. As a business incentive supporting economic development, VJIP reduces the human resource costs of new and expanding companies. VJIP is state-funded, demonstrating Virginia’s commitment to enhancing job opportunities for citizens.
“Nodal Exchange offers the largest suite of power and environmental contracts in the world and we are proud that this Virginia-grown business manages risk in such a critical market, resulting in impressive growth at its headquarters in Fairfax County,” said Governor Youngkin. “Northern Virginia boasts a deep bench of talent to support a range of industries, and we are pleased to see another corporate partner expand and create 37 high-quality jobs.”
ABOUT NODAL
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts and the world’s largest set of environmental contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
PRESS CONTACTS:
Nodal
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) today announced that Steven Kobos, President and CEO, and Dana Armstrong, Chief Financial Officer, will participate at the following upcoming investor conference:
J.P. Morgan 2022 Energy, Power & Renewables Conference | InterContinental New York Barclay, NYC
Participation Date: June 22–23, 2022
Format: 1x1 meetings with investors
ABOUT EXCELERATE ENERGY:
Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Ho Chi Minh City, Manila, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.
Investors
Craig Hicks
Excelerate Energy
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Media
Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, today announced the finalists for Schneider Go Green, an annual competition that invites university students from around the globe to share their ideas for innovations that can help make the world cleaner, more inclusive, and more sustainable.
First launched in 2011 by Schneider Electric, and now run for the second year in partnership with the industrial software company AVEVA, the competition has grown rapidly over the past 12 years. In 2022 alone, more than 22,200 students from 200 countries registered for the event, and more than 3,700 submitted innovative ideas that fitted into the competition’s five categories: Access to Energy, Homes of the Future, Global Supply Chain of the Future, Grids of the Future, Decoding the Future.
Eight finalists – each representing one region of the world, and each composed of up to four team members – were selected. They are:
The teams are being mentored by Schneider Electric and AVEVA executives and will present their ideas to a panel of judges, composed of senior Schneider and AVEVA executives, on June 21st. The overall winner will be announced on June 23rd.
The winning team will receive a cash prize of 10,000 euros, and all finalists will be invited to a job interview that may lead to a position at Schneider Electric or AVEVA.
“Innovative ideas can do so much to make the world a cleaner, fairer place. Schneider Go Green is all about helping passionate young people turn their own, often bold, ideas into practical and feasible projects,” said Charise Le, Schneider Electric’s Chief Human Resources Officer. “Congratulations to all the finalists, and a big thank you to everyone who has participated over the years: we hope your enthusiasm will inspire many more to join in the years ahead.”
For more details about the competition, including how to pre-register for the 2023 event, go to gogreen.se.com. For a flavor of the competition from the perspective of last year’s winners, Team Light Pills from Spain, click here. Schneider Electric’s sustainability commitments, including those connected with fostering the next generation, can be found here, and more about sustainability at AVEVA can be found here.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights.
Media Relations - Edelman on behalf of Schneider Electric
Juan Pablo Guerrero
+1 416 875 7173
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Approach Enables Companies to Flexibly Shape their Digital Transformation Journey with Plex Cloud-native Platform
MILWAUKEE--(BUSINESS WIRE)--Plex Systems, a Rockwell Automation company and a leader in cloud-delivered smart manufacturing solutions, today announced a new modularization approach for its Smart Manufacturing Platform to enable accessibility and scalability for digital transformation in manufacturing. This approach, enabled by Plex’s innovative cloud-native platform, more closely aligns with customers’ needs as they build their smart manufacturing technology strategy, including a focus on flexibility, quick implementation, and ease of entry with a path to grow.
With Plex, manufacturers can start their digital transformation in a number of ways. For example, they can initially implement quality management (QMS) or manufacturing execution (MES) systems – common entry points for most manufacturers – and from there add capabilities, such as production monitoring, asset performance management, or supply chain planning. With this approach, companies pick the starting point that best meets their needs and then can scale into additional connected solutions over time. Plex uniquely enables new capabilities to simply be activated versus “installed” and for data and governance rules to flow seamlessly throughout the system.
Three examples of the new modular solutions include:
“Plex was built from the ground up for manufacturers with flexibility and scalability in mind, as evidenced by our cloud-first multi-tenant architecture. Modularization takes this a step further with numerous starting points for companies at any stage to begin or expand their digital transformation journey,” said Nathan Pieri, chief product officer and vice president, applications, Rockwell Automation. “We took an outside-in look at understanding customer challenges and aligned our approach to help them manage their entire lifecycle and deliver positive business outcomes every step of the way. By providing manufacturers with easier points of entry and an elastic building block approach, companies can focus on their immediate Industry 4.0 transformation needs with options to add more capabilities as they need them, all seamlessly within our secure manufacturing cloud.”
"This approach solves a major need for manufacturers, addressing prioritized pain points immediately while providing a simple path to broader capabilities as needed. Plex is distinctive in its multi-tenant SaaS approach, enabling modular capability expansion without complicated integrations," said Reid Paquin, Research Director at IDC.
“The new modular approach, from production monitoring to full ERP and everything in between, ensures we can help customers quickly solve their most pressing pain points with one, many or all of our innovative smart manufacturing solutions, meeting them where their needs are and supporting them as they grow,” commented Ron Pascuzzi, chief customer officer, Plex Systems. “Plex’s customer-led approach to our product strategy is affirmed by offering a fast path to start their digital transformation journey.”
Plex is a cloud pioneer that uniquely offered its innovative QMS and MES capabilities as part of its ERP solution in a multi-tenant SaaS environment for over twenty years. This modular approach demonstrates the unparalleled flexibility available with a cloud solution and gives manufacturers the ability to continue to implement all these capabilities at once or compose the solution they need with seamless scale.
Attendees of ROKLive, a Rockwell Automation and Plex Systems event taking place in Orlando, Florida, June 13 to 16, can learn more about and see these advancements in action in the expo and demo hall.
About Plex Systems
Plex Systems, Inc., a Rockwell Automation Company, is a leader in cloud-delivered smart manufacturing solutions, empowering the world's manufacturers to make awesome products. Our platform gives manufacturers the ability to connect, automate, track, and analyze every aspect of their business to drive transformation. The Plex Smart Manufacturing Platform includes solutions for MES, ERP, quality, supply chain planning and management, asset performance management, production monitoring, process automation and analytics to connect people, systems, machines and supply chains, enabling them to lead with precision, efficiency and agility. To learn more, visit www.plex.com.
About Rockwell Automation
Rockwell Automation, Inc, (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 25,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.
Diana Robbins
Plex Systems, Inc., a Rockwell Automation company
+1.248.221.3059
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DUBLIN--(BUSINESS WIRE)--The "Global Commercial Unmanned Maritime Systems Growth Opportunities" report has been added to ResearchAndMarkets.com's offering
The current market size for commercial UMS is roughly $698.9 million, with a yearly growth rate of 5.3% and is expected to be worth more than $906.0 million by 2026. The vast majority of this demand comes from the oil and gas industry.
The purpose of this study is to highlight the most important applications in the unmanned maritime systems (UMS) market on a global scale and discuss how international developments are shaping it.
This analysis draws from internal databases, industry papers, academic articles, trade magazines, and news sites specialized in unmanned systems and technology. The analyst also conducted interviews with industry participants to gather deeper insights from users and manufacturers about the UMS landscape.
For practical purposes, UMS is divided into 2 segments: unmanned surface vehicles (USVs) and underwater unmanned vehicles (UUVs). Due to their history of proven commercial success in the oil and gas industry, UUVs hold the majority of the market share.
Geopolitical tensions in Eastern Europe are causing significant alterations in the global oil and gas industry: petrol prices are rising rapidly and several countries are looking for new sources to reduce dependence on Russian oil. As a result, oil production is bound to increase around the world in the next 3 years, and many UMS (particularly underwater systems) will play a key role in this development, allowing oil production to scale in regions where oil extraction is performed off-shore.
Furthermore, demand for this type of unmanned system will increase as oil and gas companies try to lower costs to keep petrol prices competitive. However, the biggest factors driving market growth are the environmental benefits of using these systems. UMS, especially those that rely on alternative energy sources for propulsion, have a much lower carbon footprint than manned vessels, helping companies cut down their carbon emissions significantly.
While UMS can be used simultaneously with other unmanned platforms, particularly aerial, there are few partnerships in place that enable unmanned-unmanned teaming applications. Furthermore, while several governments have increased spending on UMS technology to improve their military capabilities, commercial end users may not benefit from doing so because the improvements prioritized by the military do not always align with what businesses need for their applications.
Another restraint to growth comes from the price points of maritime systems, which are the highest among all types of unmanned vehicles.
In conclusion, this study details the most important growth opportunities for both manufacturers and businesses looking to implement unmanned solutions. Overall, the oil and gas industry represents the most significant opportunity for UMS market growth.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. Growth Opportunity Universe
For more information about this report visit https://www.researchandmarkets.com/r/o9dbjk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PHOENIX--(BUSINESS WIRE)--Proteum Hydrogen Technologies Corp., a subsidiary of Proteum Energy, LLC, and the University of Regina have embarked on a joint project aimed at advancing Proteum’s patented and proprietary steam non-methane reforming (SnMR™) technology.
The project, conducted through the University’s Clean Energy Technologies Research Institute (CETRI), focuses on optimizing performance of Proteum’s commercial system for production of hydrogen from renewable ethanol feedstock. The two-year project was awarded a matching grant from Mitacs, a nonprofit Canadian research organization cultivating partnerships between academia, private industry and government.
“We are pleased and excited to work with such a prestigious research university to enhance hydrogen yields for our projects utilizing ethanol feedstock. Leveraging Proteum’s SnMR technology holds great promise for ethanol producers as the automotive industry moves from gasoline toward zero emissions,” said Proteum’s CEO Laurence B. Tree, II.
“With one of the few hydrogen research pilot plants in Canada, the University of Regina’s Clean Energy Technologies Research Institute is uniquely positioned to collaborate with Proteum to optimize their SnMR process for enhanced hydrogen yields and quality from renewable ethanol,” said CETRI’s Director Dr. Hussameldin Ibrahim. “We look forward to further developing this promising technology.”
About Proteum Energy® – Headquartered in Phoenix Arizona, Proteum is a producer of low-cost, clean hydrogen from residue gas and renewable ethanol. With its patented and proven reformation SnMR™ technology, Proteum can provide fuel cell grade clean hydrogen for heavy-duty transportation, low carbon hydrogen-rich designer fuels for power, and hydrogen for direct injection at natural gas processing plants.
About CETRI –
The Clean Energy Technologies Research Institute is the University of Regina’s low-carbon/clean energy research hub focusing on decarbonization and zero-emission hydrogen technologies, carbon capture and utilization (CCS), and waste-to-renewable fuels and chemicals. CETRI has one of the only hydrogen research pilot plants in Canada, which – in combination with its CCS facilities – enables studies into efficient, feed-flexible blue hydrogen production.
About the University of Regina
The University of Regina—with campuses located on Treaty 4 and Treaty 6 territories, the ancestral lands of the Cree, Saulteaux, Dakota, Lakota and Nakoda nations and the homeland of the Métis—is a comprehensive, mid-sized university with more than 16,000 students and a reputation for excellence and innovation.
Tom Niccoli
(602) 999 7749
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DUBLIN--(BUSINESS WIRE)--The "Autonomous Ships - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Autonomous Ships Market to Reach US$10.1 Billion by the Year 2026
The global market for Autonomous Ships, estimated at US$7 Billion in the year 2022, is projected to reach a revised size of US$10.1 Billion by 2026, growing at a CAGR of 8.9% over the analysis period.
Growth of the autonomous ships market is expected to be driven by the surge in sea-based trade globally due to its cost effectiveness in comparison to other transport modes, in addition to the shortage of trained and experienced sailors. Globally, cargo to the tune of nearly 1.7 billion tons per annum gets transported in about 180 million containers.
Also, the growing number of marine accidents due to human mistakes, which lead to considerable financial losses and damage to the environment, are fostering interest in autonomous ships. The growth in marine tourism and increasing interest in smart connected ships and vessels with situational awareness are also auguring well for the market.
Also, growing research initiatives and collaborations among companies belonging to various industries in many countries for making the naval structure autonomous are expected to aid market growth. The rising use of connected smart ships, given their various advantages such as fleet health monitoring data and vessel traffic management data are also benefitting the market.
Furthermore, the rising investments being made for the R&D and construction of autonomous ships are also fueling market growth. The use of IoT and other such latest technologies in these ships is also being considered to lower the environmental impact of maritime traffic and make autonomous marine projects more efficient.
Commercial, one of the segments analyzed in the report, is projected to grow at a 9.4% CAGR to reach US$7.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Defense segment is readjusted to a revised 7.9% CAGR for the next 7-year period. This segment currently accounts for a 37.5% share of the global Autonomous Ships market.
The U.S. Market is Estimated at $1.4 Billion in 2022, While China is Forecast to Reach $1.6 Billion by 2026
The Autonomous Ships market in the U.S. is estimated at US$1.4 Billion in the year 2022. The country currently accounts for a 20.09% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2026 trailing a CAGR of 10.3% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 8.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.4% CAGR while Rest of European market (as defined in the study) will reach US$842.2 Million by the end of the analysis period. Europe is a key market for autonomous ships, given its considerable investments in the development of these ships and the huge fleet size.
The growing interest in cruiser power boats and yachts in the region is auguring well for the autonomous ships demand. Further, the growing governmental and organizational investments and efforts in developing these ships are boosting market growth. Also, enterprises are rendering support to government initiatives to make naval vessels autonomous in nature.
North America (including USA and Canada) is another important autonomous ships market, given the significant fleet size and the growing seaborne trade. The market in the region is also benefitting from the increasing recreational activities and tourism. Asia-Pacific autonomous ships market is anticipated to witness healthy growth, supported by growing maritime trade and rising focus on developing sea tourism in the region.
What's New for 2022?
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 44 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/1hkdpl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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FORT WORTH, Texas--(BUSINESS WIRE)--Harnyss, LLC (“Harnyss” or the “Company”), the market leader in solid-state hydrogen storage technologies, announced today the closing of an equity investment from Riverbend Energy Group (“Riverbend”). This investment into Harnyss comes from Riverbend’s newest fund, Energy Transition (Fund X).
Harnyss provides safe, cost-effective, and clean energy hydrogen storage solutions to its customers. The Company’s patented metal hydride alloy formulations have the highest weight density in the market, offer high absorption and desorption kinetics at ambient temperatures, and are non-pyrophoric. The Company’s low pressure storage solution does not require balance of plant equipment, offering customers significant cost advantages and ease of operation. Additionally, Harnyss uses non-rare earth minerals that are abundantly available.
“We are excited to partner with Riverbend’s Energy Transition team in helping us achieve our go-to-market and commercialization goals,” said Kirby Smith, Harnyss Chief Executive Officer. “As we thought about the right partner for this phase of the Company, we wanted experienced investors with a track record in growing and scaling companies within the broader energy transition.”
Harnyss is strategically focused on the market for mobile, remote, space-constrained emergency backup power systems. Harnyss’ advanced hydrogen storage material has been encapsulated into canisters that are rack mountable and, when coupled with a fuel cell, delivers a plug-and-play hydrogen fueled power unit to end-customers. The Company has designed a self-sustaining, independent, green hydrogen power system that is able to capture water from the atmosphere, which is used to produce hydrogen that is stored safely until converted into electricity by a fuel cell. Harnyss is also focused on transportation and mobility applications such as forklifts, drones, electric vehicles, maritime and heavy-duty industrial.
“Harnyss’ leading-edge technology offers a low pressure, high density, safe, and cost-efficient storage solution for the rapidly evolving hydrogen economy,” said Eric Danziger, Managing Director, Energy Transition, Riverbend Energy Group. “Harnyss fits well with the types of businesses and technologies that match our thesis of investing in energy transition service companies across the entire stack of the renewable energy ecosystem.”
About Harnyss
Harnyss is headquartered in Fort Worth, Texas, USA, specializing in solid-state hydrogen storage technologies. Harnyss draws on many years of experience, with a technical team of world-renowned scientists that have played a critical role in advancing metal hydride-based hydrogen storage for several decades. Harnyss leverages its patented hydrogen storage technologies to provide safe, economical and clean energy solutions to help its customers meet their business goals. For more information, visit: www.harnyss.com.
About Riverbend Energy Group
Riverbend Energy Group, based in Houston, Texas, is a multi-faceted investment firm, utilizing risk-weighted deal evaluation processes to deploy capital into a variety of investment theses in the U.S. energy sector. As a trusted name in the energy investment space, Riverbend’s portfolios have included, and continue to include, operated, non-operated, and mineral and royalty assets in traditional energy, as well as investments in the energy transition sector. Since 2003, Riverbend has successfully acquired, developed, and managed over $5 billion of total enterprise value across ten asset portfolios. Riverbend is a direct investor in traditional energy and has longstanding relationships and tools derived from a deep background in the functioning energy industry. Riverbend’s Energy Transition Fund is currently pursuing investment opportunities in the energy transition services space, with a focus on energy management, solar, storage, wind, electric mobility, hydrogen and carbon capture industries. For more information, visit www.riverbendenergygroup.com.
Kirby Smith, CEO
(214) 683-2084
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Eric Danziger, Managing Director, Energy Transition
(713) 874-9000
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Compatible with more than 750 inverters through an established global network of partners, Tigo enhances safety in solar arrays worldwide
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, today announced its milestone achievement of one gigawatt of dedicated rapid shutdown MLPE devices deployed across solar arrays worldwide. The option to choose from dedicated rapid shutdown MLPE devices, module-level monitoring, advanced power optimization, or a combination thereof gives Tigo customers the freedom to design just-right solar systems for their customers. The gigawatt threshold was reached on an array at the Portland International Airport (PDX), which Oregon-based solar design and installation firm Elemental Energy installed.
In support of the PDX airport’s sustainability goals and LEED certification, Elemental Energy used Tigo TS4-A-F rapid shutdown devices to complete a custom, six-hundred-foot long solar array on a new parking garage at the airport. The 75kWp solar system, designed and installed by Elemental Energy, leverages the Tigo TS4-A-F devices to enable rapid shutdown for fire safety. The PDX awning system also includes 400W solar modules from Trina Solar and the Sunny Tripower CORE1 inverter from SMA.
“Our customer needed a reliable solution that mirrored their installed base of SMA products and met all current codes related to Rapid Shutdown, and Tigo had the solution to do both,'' said Katie Martin, construction manager at Elemental Energy. “Tigo fulfilled all of the project’s goals with its inverter compatibility and rapid shutdown requirements. The modules installed beautifully under the custom awning structure and the Tigo TS4s worked like a charm with the SMA inverter.”
The Tigo TS4-A-F enables cost-effective rapid shutdown, is built on the foundation of multiple generations of dedicated rapid shutdown devices, and interfaces with an industry-leading list of third-party solar inverters.
“With more than two and a half million dedicated rapid shutdown devices globally, our products deliver safe and reliable solar energy around the globe, and we are grateful to our inverter partners, module manufacturers, installers, distributors, and customers for helping us reach this milestone,” said Zvi Alon, chairman and CEO at Tigo Energy. “We look forward to continuing our work alongside partners like Elemental Energy as we help generate sustainable energy and deliver industry-leading compatibility and scale for solar installers everywhere.”
For more information about rapid shutdown and solar fire safety products from Tigo Energy, please visit https://www.tigoenergy.com/ts4.
About Tigo Energy
Tigo Energy, the worldwide leader in Flex MLPE (Module Level Power Electronics), designs innovative solar power conversion and storage products that provide customers more choice and flexibility. The Tigo TS4 platform increases solar production, decreases operating costs, and enhances safety. When combined with the Tigo Energy Intelligence (EI) platform, it delivers module, system, and fleet-level insights to maximize solar performance and minimize operating costs. The Tigo EI Residential Solar Solution, a flexible solar-plus-storage solution for home installations, rounds out the Company’s portfolio of solar energy technology. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy, and its global team supports customers whose systems reliably produce gigawatt hours of safe solar energy on seven continents. Find us online at www.tigoenergy.com.
Technica Communications
Caitlan Caviness
408-806-9626 Ext. 9949
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Company Website: CreekRoadMiners.com
PARK CITY, Utah--(BUSINESS WIRE)--Creek Road Miners, Inc. (OTCQB:CRKR) announces letter to shareholders from its Co-Chief Executive Officers Scott D. Kaufman and John D. Maatta. The text of the letter follows:
To the Shareholders of Creek Road Miners, Inc.:
In the last 7 months, since Creek Road Miners, Inc. (“Creek Road”) launched its inaugural facility in Louisiana, much has taken place. We are excited to share the retrospective details, and to advise you about our plans are for the future.
Notwithstanding market volatility (in the capital markets and in the cryptocurrency and energy markets), we remain firm in our belief that Creek Road is on the right path to build sustained, long-term growth for the Company and value for its shareholders.
Appointment of a Co-CEO
On May 12, 2022, the Creek Road Board appointed John D. Maatta the Co-Chief Executive Officer of the Company to serve alongside Scott D. Kaufman. Because of the large number of significant opportunities before the Company, it made sense to have Mr. Kaufman focus on business development strategic initiatives and growth opportunities, while Mr. Maatta focuses s on the day-to-day business of the Company. As a former CEO of the Company and as a sitting Board Member, he has assumed the Co-CEO duties without the necessity of a learning curve. The company is moving full speed ahead with its growth initiatives and its operational initiatives.
What’s Next for the Company
On May 30, 2022, Creek Road entered into a Binding Memorandum of Understanding to acquire certain energy assets of Highwire Energy Partners, Inc. (“Highwire”) in South Dakota, North Dakota, and Wyoming. Highwire is a Wyoming-based company with expertise locating and analyzing the potential of oil and gas field acquisitions and in overseeing the operation of such facilities. Highwire is especially knowledgeable about the oil and gas industry in the Rocky Mountains and, more specifically, in the states of Wyoming, North Dakota and South Dakota.
In entering into the Highwire transaction, Creek Road delivered-on its objective of acquiring energy-producing assets to power cryptocurrency mining. In anticipation of this next stage of the Company’s growth, Creek Road officially decommissioned its proof-of-concept facility (Modular Data Center or MDC No. 1) in Louisiana. MDC No. 1 is currently in the process of being transported to Meeker, Colorado, where the Company plans to begin operations within the next ten (10) days. The cost factor at the Meeker facility is very desirable and will allow the Company to operate at a favorable cost basis by paying a fixed price of approximately $.0455/kWh. The Wyoming, South Dakota and North Dakota sites will also be priced on a basis that is advantageous to the Company. In Wyoming, Creek Road also has the opportunity to obtain fixed-price electricity at $.056/kWh.
Given the increasing cost of energy worldwide, the opportunity for fixed-and low-price energy production provide Creek Road with a significant cost advantage in conducting it mining Bitcoin operations. Even at current prices (approx. $29,000 per Bitcoin), Creek Road’s mining operations are currently projected to generate a gross profit.
Stock Price
There has been some shareholder communication concerning the significant drop in the Company’s stock price from $2.76 to $1.80 on April 1, 2022. Given that there was not any significant news or events on that date, we found this downward activity to be unusual. After review of the ambient circumstance, we concluded that the dip was occasioned by the actions of one seller liquidating its shares in the Company. There was no apparent or reasonable nexus between the action of such individual shareholder and any prevailing business fundamentals.
Conclusion
There clearly is some broad turbulence and uncertainty in the capital markets. However, we strongly and steadfastly believe that Creek Road continues on a proper trajectory. We have always known that owning and controlling our source of energy is the key to the Company’s near and long-term success. Despite the current ambient market conditions, we remain committed and focused upon identifying and successfully executing on new strategic opportunities, as we smartly operate the existing business of the Company.
Forward-Looking Statements
Certain statements in this letter contain "forward-looking statements" regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the markets in which we operate and the beliefs and assumptions of our management. Words such as "expects," "anticipates," "targets," "goals," "projects", "intends," "plans," "believes," "seeks," "estimates," "endeavors," "strives," "may," or variations of such words, and similar expressions are intended to identify such forward-looking statements. You are cautioned that these forward-looking statements are subject to a number of risks, uncertainties and assumptions that are difficult to predict, estimate or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company's most recent annual report on Form 10-K, as such may be amended or supplemented by subsequent quarterly reports on Form 10-Q, or other reports filed with the Securities and Exchange Commission. The forward-looking statements are made only as of the date hereof, and we undertake no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company's filings with the Securities and Exchange Commission.
Investor Relations and Media:
Scott A. Sheikh
Creek Road Miners, Inc.
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Solar-Plus-Storage System Provides Energy Resilience for Humboldt County, Serves As Blueprint for Advancing Deployment of Clean, Multi-Customer Microgrids
OAKLAND, Calif.--(BUSINESS WIRE)--California’s first 100% renewable energy, front-of-the-meter, multi-customer microgrid is now fully operational, providing enhanced energy resilience for the California Redwood Coast-Humboldt County Airport and US Coast Guard Air Station.
The new microgrid was developed through a first-of-its-kind partnership between the County of Humboldt, Pacific Gas and Electric Company (PG&E), the Schatz Energy Research Center at Cal Poly Humboldt, Schweitzer Engineering Labs, the Redwood Coast Energy Authority, Tesla, Inc., The Energy Authority, and TRC.
The Redwood Coast Airport Microgrid (RCAM) features a 2.2-megawatt (MW) solar photovoltaic array that is DC-coupled to a 2-MW (9 megawatt-hour) battery energy storage system, comprised of three Tesla Megapacks. It also includes a microgrid control system, with protection and isolation devices that interfaces directly with PG&E’s distribution control center.
A model for resilient, clean energy
The microgrid serves multiple functions and is managed in collaboration between project partners. The Schatz Energy Research Center is the prime contractor and technology integrator, leading the design, testing and deployment of the clean energy microgrid.
“The Redwood Coast Airport Microgrid has ushered in a new and exciting era for the electric grid in California. With its successful deployment and the development of new microgrid agreements and tariffs, RCAM has become a role model and beacon to communities across the state who are striving to green their energy supply and bolster their resilience in the face of climate change,” said Peter Lehman, Founding Director of the Schatz Center and project lead.
Redwood Coast Energy Authority (RCEA), the Community Choice Aggregator for the Humboldt Bay area, owns the two solar arrays and the battery energy storage system.
During standard blue-sky operations, RCAM generates clean energy for the North Coast and participates in the California Independent System Operator (CAISO) wholesale energy markets, including the day-ahead, real-time, and ancillary services markets.
By storing solar energy during the day and releasing it onto the grid as needed in the evening and during peak demand, RCAM enables greater utilization of solar, supports grid reliability, and creates an economic model for future microgrids.
“RCEA’s goal is to provide our customers with 100% carbon-free electricity by 2025, and 100% local carbon-free electricity by 2030. This project is a major milestone for our clean energy and resilience efforts,” says Matthew Marshall, Executive Director of RCEA. RCEA works closely with schools, fire departments, tribes, and other local agencies to support community resilience across the North Coast.
PG&E owns, operates, and maintains the microgrid circuit and controls the microgrid during “islanded” operation. In the event of a broader grid outage, the clean-energy microgrid provides indefinite power for the 19 connected customers by disconnecting or “islanding” from the broader grid when needed and becoming an independent, PG&E-operated grid segment. This ensures that airport flight service and rescue operations continue without interruption.
“The Redwood Coast Airport Microgrid represents the culmination of many years of research, innovation, and collaboration by the world’s leading microgrid experts. Thanks to this team’s smart work, microgrids now play a key role in PG&E’s ongoing efforts to harden our electrical system and enhance local grid resilience throughout Northern and Central California. We know how much our customers and communities need reliable energy, and this system not only increases local reliability, it also serves as the foundation for a replicable and scalable model for widely deploying multi-customer microgrids across PG&E’s service area. This gives communities a new tool in securing their resilience and clean energy goals,” said Jason Glickman, PG&E’s Executive Vice President, Engineering, Planning and Strategy.
Meeting critical resilience goals
The regional California Redwood Coast-Humboldt County Airport (ACV) is in McKinleyville, California, and serves the greater North Coast community with over 50,000 flights per year, including commercial airline, private, and emergency medical flights. Adjacent to the airport, the US Coast Guard Air Station Humboldt Bay provides search and rescue for 250 miles of rural coastline, from the Mendocino-Sonoma county line to the California-Oregon border.
Roads into Humboldt County are frequently closed by fires and mudslides, making air services a critical factor in regional emergency response.
“The California Redwood Coast-Humboldt County Airport (ACV) is a lifeline to our community every day by keeping Humboldt County connected to the world alongside our partners at United Airlines, Avelo Airlines, American Airlines, REACH/Cal-Ore Life Flights, US Coast Guard-Sector Humboldt Bay, and many others. RCAM ensures that we can continue to keep that lifeline open through energy resilience, no matter what happens to the power grid,” said Cody Roggatz, Humboldt County’s Director of Aviation.
Research and development for the microgrid was supported through California’s Electric Program Investment Charge (EPIC)—a statewide, customer-funded program that enables PG&E, other California investor-owned utilities and the California Energy Commission to execute emerging technology demonstration and deployment projects that address important grid needs. EPIC plays a vital role in helping drive the innovation needed to meet California’s policy and clean energy goals while also ensuring the safe, reliable, and affordable operation of the grid.
Part of a growing trend
The unique collaboration between RCAM project partners has informed meaningful technical and policy innovations including the development of the Community Microgrid Enablement Tariff and PG&E’s Community Microgrid Enablement Program (CMEP).
To date, PG&E has engaged with more than three dozen communities and customers to explore potential financial and infrastructure support options for developing microgrids and resilience solutions through the CMEP.
Additionally, PG&E along with Southern California Edison and San Diego Gas and Electric, are developing the Microgrid Incentive Program (MIP), leveraging a $200 million statewide fund dedicated to the development of clean energy microgrids supporting the critical needs of vulnerable populations and disadvantaged communities. The companies anticipate launching this program in late 2022.
Together, the MIP and PG&E’s CMEP provide comprehensive financial support for both the distributed energy resources and other costs necessary to develop and energize a microgrid, as well as the distribution upgrades necessary to enable the safe islanding of the microgrid.
The Schatz Center is partnering with several tribes in Northern California to support their clean energy, resilience, and climate response efforts. Cal Poly Humboldt also recently began design of a renewable energy microgrid to support campus resilience through clean generation. This microgrid will be part of the university’s sustainability framework, and will enable students in engineering, environmental sciences, and other programs to gain hands-on experience with innovative climate-friendly technologies.
More information
For more information about CMEP or to get started in exploring a community-developed microgrid visit PG&E’s Community Resilience Guide.
Learn more about RCAM and other microgrids being developed by the Schatz Center: http://schatzcenter.org/microgrids.
Explore RCEA’s programs and request an RCAM site tour: https://redwoodenergy.org/rcam/.
About PG&E
PG&E, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
About the Schatz Center
Since 1989, the Schatz Center has produced groundbreaking, renewable energy solutions that reduce climate change and pollution while increasing energy access and resilience. Located on the campus of Cal Poly Humboldt, the Schatz Center’s research efforts include microgrids, offshore wind, off-grid energy access, carbon life cycles, clean transportation, and more. The Center works closely with state agencies, local government, and Tribal nations in California, as well as with the World Bank Group, CLASP, IKEA Foundation, and others to support international energy access and resilience. Learn more at http://schatzcenter.org.
About RCEA
Established in 2003, the Redwood Coast Energy Authority is a local government joint powers agency whose members include the County of Humboldt, the seven cities within the county, and the Humboldt Bay Municipal Water District. The Energy Authority's purpose is to develop and implement sustainable energy initiatives that reduce energy demand, increase energy efficiency, and advance the use of clean, efficient, and renewable resources available in the region. For more info, visit https://redwoodenergy.org.
Marketing & Communications | 415.973.5930 | www.pge.com
MONHEIM AM RHEIN, Germany--(BUSINESS WIRE)--Global chemical manufacturer OQ Chemicals is further expanding its management team: Effective immediately, Dr. Albrecht Schwerin will be responsible for operations as the new Chief Operating Officer (COO). With his extensive knowledge and experience in the chemical industry, Dr. Schwerin will significantly contribute to strengthening OQ Chemicals and its global production sites. His core responsibilities include strategic transformation programs and the sustainability initiative "reduce", with which OQ Chemicals is striving for climate neutrality. Until now, the COO function has been performed on an interim basis by Managing Director Dr. Oliver Borgmeier.
"We are very pleased to welcome Dr. Albrecht Schwerin to the OQ Chemicals management team. With his contribution, we will be able to efficiently implement the transformation and growth course we have already started to sustainably lead OQ Chemicals into a successful future. The new structure now allows us to further develop our core competence as one of the leading manufacturers of oxo chemicals and to continue to supply our customers worldwide with high-performance products reliably," commented Dr. Borgmeier.
"Our goal is to transform OQ Chemicals into a modern and climate-neutral company. We will make our organization more agile and efficient to promote sustainable growth and increase our competitiveness. Such changes are only possible with qualified and motivated employees, whom we support to the best of our ability. Our focus is on strengthening oxo intermediates and targeted growth in oxo performance chemicals," said Dr. Schwerin. "It will be an exciting task to drive functional and operational excellence of OQ Chemicals, and I look forward to tackling this challenge together with the leadership team."
Dr. Albrecht Schwerin has more than 25 years of experience in the chemical industry. Most recently, he was managing director and plant manager of Dynamit Nobel GmbH ES, a Novasep Group company. Other positions in his career have included management positions at Henkel, Cognis, Celanese, and Oxea, the predecessor company of OQ Chemicals. Dr. Albrecht Schwerin studied chemistry and holds a doctorate from the Technical University of Darmstadt, Germany. He has received a Global Executive Master of Business Administration (GEMBA) degree from the IESE Business School in Barcelona, Spain. Photo: chemicals.oq.com/media/media-service
About OQ Chemicals
OQ Chemicals (formerly Oxea) is a global manufacturer of oxo intermediates and oxo performance chemicals such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These are used to produce high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavors and fragrances, printing inks, and plastics. OQ Chemicals employs more than 1,400 people worldwide and markets its chemicals in more than 60 countries. The company is part of OQ, an integrated energy company originating in Oman. More information is available at chemicals.oq.com.
OQ Chemicals GmbH
Dr. Ina Werxhausen, Communications and Press Relations
Phone: +49 (0)2173 9993-3009, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Unmanned Marine Vehicle Market Research Report by Type (Unmanned Surface Vehicle and Unmanned Underwater Vehicle), 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 Unmanned Marine Vehicle Market size was estimated at USD 851.36 million in 2021, USD 995.32 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 17.08% to reach USD 2,193.64 million by 2027.
In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
Cumulative Impact of 2022 Russia Ukraine Conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States.
This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.
This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Unmanned Marine Vehicle market considering the current update on the conflict and its global response.
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 Unmanned Marine Vehicle 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.
Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate.
Company Usability Profiles:
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing demand for underwater mapping, mainly for marine geoscience studies
5.1.1.2. Increasing need for surveillance instruments and equipment for defense applications
5.1.1.3. Emerging capabilities for scientific research and border surveillance
5.1.2. Restraints
5.1.2.1. Relatively high cost of equipment
5.1.3. Opportunities
5.1.3.1. Robust technological developments and demand for autonomous vehicles
5.1.3.2. Ongoing application in mine counter measures (MCM), surveillance, and intelligence in oil and gas exploration
5.1.4. Challenges
5.1.4.1. Capital intensive initial investment and dearth of proper maintenance
5.2. Cumulative Impact of COVID-19
5.3. Cumulative Impact of 2022 Russia Ukraine Conflict
6. Unmanned Marine Vehicle Market, by Type
6.1. Introduction
6.2. Unmanned Surface Vehicle
6.3. Unmanned Underwater Vehicle
7. Unmanned Marine Vehicle Market, by Application
7.1. Introduction
7.2. Environmental Monitoring
7.3. Hydrographic Survey
7.4. Oceanographic Survey
8. Americas Unmanned Marine Vehicle Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Unmanned Marine Vehicle Market
10. Europe, Middle East & Africa Unmanned Marine Vehicle Market
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.1.1. Quadrants
11.1.2. Business Strategy
11.1.3. Product Satisfaction
11.2. Market Ranking Analysis
11.3. Market Share Analysis, By Key Player
11.4. Competitive Scenario
11.4.1. Merger & Acquisition
11.4.2. Agreement, Collaboration, & Partnership
11.4.3. New Product Launch & Enhancement
11.4.4. Investment & Funding
11.4.5. Award, Recognition, & Expansion
12. Company Usability Profiles
For more information about this report visit https://www.researchandmarkets.com/r/8zarvb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Final contracted ASIC Bitcoin Miner Shipment from Canaan received, Mawson now assessing attractive spot market for future ASIC Bitcoin Miner purchases
Mawson now has approximately 40,000 ASIC Bitcoin Miners deployed at its facilities across its Self-Mining and Hosting Co-location businesses
Mawson Self-Mining and Hosting Co-location operating at approximately 3.1 Exahash as at end May, expected to be at approximately 3.35 Exahash by end June
Mawson’s 100% renewable energy Bitcoin Mining facility in Australia expected to be fully operational in June at approximately 0.4 Exahash
Mawson has sold approximately 1975 ASIC Bitcoin miners in exchange for 33% of the equity in Tasmania Data Infrastructure Pty Ltd (TDI), a 100% renewable energy Bitcoin Miner located in Australia
SYDNEY & NEW YORK--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, is pleased to provide an ASIC Bitcoin Miner shipment, deployment and operational update.
Mawson has now received the final shipment of A1246 ASIC Bitcoin Miners from Canaan, with the final batch of orders placed in 2021 being deployed across the company’s operations in the coming months.
Current Bitcoin and broader market movements has seen ASIC Bitcoin Miner pricing fall significantly, placing Mawson in a strong position to acquire new ASIC Bitcoin Miners at attractive prices at the appropriate time.
Mawson now has approximately 40,000 ASIC Bitcoin Miners deployed across its Self-Mining and Hosting Co-location business, operating at a combined total of approximately 3.1 Exahash across all operations.
Mawson’s Hosting Co-location business continues to scale up, with over 56 megawatts rapidly deployed over the last 3 months, providing an additional revenue stream for the company over and above Mawson’s Bitcoin Self-Mining operations.
Mawson’s Australian operations are expected to be fully operational by the end of June, with approximately 5,376 ASIC Bitcoin Miners in place at site, currently operating at 0.2 Exahash, expected to rise to 0.4 Exahash by June 30, producing approximately 1.7 Bitcoin per day from this facility alone based on current network difficulty.
Mawson also this month announced it is to become a 33% shareholder of Tasmania Data Infrastructure Pty Ltd (“TDI”), where Mawson has sold approximately 1975 ASIC Bitcoin Miners and will provide a license for TDI to utilize Mawson’s Modular Data Center and associated technology in exchange for 33% of the equity in TDI. TDI is developing a large scale, 100% renewable energy Bitcoin Mining Facility in Tasmania, Australia. Site works are expected to begin in Q3 2022.
James Manning, CEO and Founder of Mawson, said, "Having now received the final shipment of A1246 ASIC Bitcoin Miners from Canaan, we are now in a position to acquire new Bitcoin Miners at low prices at the appropriate time. This flexibility puts us in a solid position to take advantage of market conditions as they unfold. Our Hosting Co-location has been the focus of the current quarter, we now shift that focus to growing our Self-Mining operations sensibly.”
About Mawson Infrastructure
Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider, with multiple operations throughout the USA and Australia. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches sustainable energy infrastructure with next-generation mobile data centre (MDC) solutions, enabling low-cost Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and an aligned board and management, Mawson Infrastructure Group is emerging as a global leader in ESG focused Bitcoin mining and digital infrastructure.
For more information, visit: www.mawsoninc.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 1, 2021 and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on May 16, 2022, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
Investor Contact:
Brett Maas
646-536-7331
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www.haydenir.com
Agreement initiates collaboration for pilot installations of PI Energy’s pioneering solar photovoltaic technology on electric vehicles
SAN DIEGO--(BUSINESS WIRE)--As the demand for urban last-mile delivery is expected to grow exponentially around the globe by 2030, industry leaders are seeking more sustainable solutions to offset growing carbon emissions.
Leading the charge is GoFor Industries, Inc., (gofor), a North American leading sustainable delivery company committed to carbon-neutral last-mile services. In an effort to further enhance its electric delivery vehicles and services, gofor has entered into an agreement with PI Energy, which has developed a novel and proprietary technology that makes it possible to install solar on almost any surface. As part of the partnership, gofor will join PI Energy’s Pilot Deployment Program.
PI Energy’s Pilot Deployment Program is the first phase of the company’s commercialization of its next-generation photovoltaic (PV) cell technology. The proprietary technology, based on nanofilm solar cell innovation, using ultrathin silicon, enables practical and low-cost installation of solar modules that are designed to be lightweight, flexible, nontoxic, and easy to install on most surfaces. PI Energy's Pilot Deployment Program will be the first globally scalable PV deployment.
Gofor’s participation in PI Energy’s Pilot Deployment Program will provide the renewable delivery™ company with access to PI Energy’s revolutionary module technology, which is designed to be wrapped on to electric vehicles so that EVs can be charged from sunlight. Some of the benefits of directly solar charging an EV include range-extension, decreased battery wear, and lower charging and operating costs.
“We are thrilled to partner with gofor, which is leading a better and cleaner way of providing sustainable delivery services,” said Phil Layton, CEO of PI Energy. “The company’s participation in PI Energy’s Pilot Deployment Program will advance our collective goals for improving the performance and energy efficiency of EVs by providing on-board power generation that is lightweight, nontoxic, flexible, and easy to wrap on most vehicles.”
Gofor, which serves over 120 metropolitan areas in the US and Canada, is a market leader in sustainable logistics, combining customer-focused delivery services and electric vehicle fleets. The company’s collaboration with PI Energy includes installation and performance evaluation, power generation and optimization, and pilot demonstration of PI Energy’s disruptive solar photovoltaic technology.
“We believe PI Energy’s technology can provide new ways of improving our delivery performance for our customers, which makes our business even more sustainable and efficient, while also lowering the total cost of ownership for EVs,” said Ian Gardner, CEO of gofor. “Charging electric vehicles with surface integrated solar PV allows us to drive further and cleaner while reducing the necessity and frequency of having to recharge the EV while it's on route doing a delivery.”
David Andresen, PI Energy
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The U.S. Department of Energy’s Loan Programs Office makes its first loan in ten years to the development of the world’s largest green hydrogen hub in Utah.
SALT LAKE CITY--(BUSINESS WIRE)--#ChangeInPower--Mitsubishi Power Americas and Magnum Development today announced the closing of a $504.4 million loan guarantee from U.S. Department of Energy’s (DOE) Loan Programs Office to Advanced Clean Energy Storage I, LLC to develop the world’s largest industrial green hydrogen facility in central Utah. DOE’s loan is its first in more than ten years for a renewable energy project.
In April 2022, DOE’s Loan Programs Office issued a conditional commitment for ACES I. The loan closed on June 3, 2022, highlighting the Administration and the Energy Department’s commitment towards supporting the clean hydrogen sector. This loan helps generate a viable market for hydrogen and will make it scalable in the western United States and electrical grid, creating the fundamental infrastructure necessary to deploy this zero-carbon energy source.
“The Advanced Clean Energy Storage team, with its world-class industry partners, is excited to secure this loan by DOE to develop the first phase of the world’s largest renewable hydrogen energy hub,” said Michael Ducker, Senior Vice President of Hydrogen Infrastructure for Mitsubishi Power Americas and President of Advanced Clean Energy Storage I. “This step creates a path to accelerate the long-term hydrogen market and clean energy landscape to expand decarbonization across the United States.”
U.S. Secretary of Energy Jennifer M. Granholm said, “Since President Biden’s first day in office, DOE has made it a priority to leverage the potential of the Loan Programs Office to fund emerging technologies that will deploy clean and reliable energy to Americans. Accelerating the commercial deployment of clean hydrogen as a zero-emission, long-term energy storage solution is the first step in harnessing its potential to decarbonize our economy, create good paying clean energy jobs and enable more renewables to be added to the grid.”
The Advanced Clean Energy Storage hub will help the clean energy transition by supporting the Intermountain Power Agency’s IPP Renewed Project—upgrading to an 840 megawatt (MW) hydrogen-capable gas turbine combined cycle power plant. The plant will initially run on a blend of 30% green hydrogen and 70% natural gas starting in 2025 and incrementally expand to 100% green hydrogen by 2045.
The hub will produce up to 100 metric tonnes per day of green hydrogen from renewable energy using electrolysis. Green hydrogen can then be stored in two massive salt caverns, each capable of storing 150 gigawatt hours (GWh) of energy, resulting in the world’s single largest hydrogen storage site and providing capabilities for seasonal shifting of excess renewable energy. The long-duration energy storage capability of the salt caverns will help improve resource adequacy and decrease costs by capturing excess renewable power when it is abundant and dispatching it back on the grid when it is needed.
“This joint venture is historic for Mitsubishi Power Americas and the future of global hydrogen deployment,” says Bill Newsom, President and CEO of Mitsubishi Power Americas. “We’re proud to partner with Magnum Development and provide the hydrogen equipment to further advance carbon-free hydrogen as a cornerstone of our future energy supply and help chart the path towards net zero. This project sets the industry gold standard for hydrogen deployment, helping to combat the impacts of climate change and advance human prosperity.”
The development and operation of the Advanced Clean Energy Storage hub will help spur economic development locally by creating up to 400 local construction jobs throughout the 3-year construction cycle, and it will employ a projected 25 full-time operations and maintenance personnel to provide 24/7 operations and maintenance of the facility. Additionally, property tax revenue collected by Millard County, Utah, will contribute to services that benefit all nearby Utahns, which typically include law enforcement and emergency response, infrastructure, and other services.
“Magnum Development has enjoyed a synergistic relationship with the City of Delta and Millard County since 2008,” said Craig Broussard, CEO of Magnum Development and ACES Delta. “In addition, royalties paid from our operations go to our mineral estate partner, the Utah School and Institutional Trust Lands Administration, to provide funding for the Utah educational system. Over the next three decades significant taxes and royalties will flow from this initial phase of green hydrogen development at our site.”
For more information and to stay up to date with the development of the hydrogen hub, visit www.aces-delta.com.
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
About Magnum Development
Magnum Development, LLC is developing the only known “Gulf Coast” style domal-quality salt formation in the western United States. Magnum was founded in 2008 to create an energy hub centered around a large, little known salt body near Delta, Utah. Site viability and profitability has been proven with one business, Magnum NGLs, LLC, which was successfully developed, brought to commercialization, and sold in 2015. In March 2018, Magnum Development entered into a joint venture with Sawtooth by contributing its refined products business for an 8% ownership interest in the Sawtooth JV. A second JV was formed with Mitsubishi Power Americas, Inc. in 2019 to add the production and storage of fossil-free energy to the energy hub’s portfolio of products. As the Delta, Utah, energy hub grows Magnum will pursue additional strategic partners to broaden the strengths and products of the enterprise.
About ACES Delta
ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development. ACES Delta is developing the world’s largest renewable energy hub to produce, store, and deliver green hydrogen to the western United States. Located in Delta, Utah, the Advanced Clean Energy Storage hub will serve as the country’s largest hydrogen gas and storage hub, initially providing over 300 GWh of clean renewable energy storage to the region. For more information, visit www.aces-delta.com.
Mitsubishi Power Americas
Christa Reichhardt
+1 407-484-5599
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Magnum Development
Michelle Judd
+1 801-748-5561
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Haddington Ventures
Sam Pyne
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB):
June 2022 Cash Dividend - $0.06 per share
Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of June 2022 of $0.06 per share payable on July 15, 2022. The record date is June 30, 2022, and the ex-dividend date will be June 29, 2022. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to future dividends, which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms promptly. These forward-looking statements are not guarantees of future performance and are subject to several known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll-Free: 1-866-490-PLUS (7587).
AIMCo, GIC, Manulife and Ontario Teachers’ Providing Funding for a Green Hydrogen Project to Help the Western U.S. Utilities Meet Their Sustainable Energy Goals
HOUSTON--(BUSINESS WIRE)--Haddington Ventures, LLC has formed Haddington ESP I, LP to provide construction equity for projects developed by the Advanced Clean Energy Storage Joint Venture (ACES Delta, LLC), which will be the largest green hydrogen platform in the world upon completion. With this equity funding, construction can begin in June 2022, and hydrogen hub operations are scheduled to commence in 2025.
The investors in Haddington ESP are Alberta Investment Management Corporation (AIMCo), GIC, Manulife Financial Corporation (Manulife) and Ontario Teachers’ Pension Plan Board (Ontario Teachers’). In addition to the investors’ initial $650 million equity commitment, they have additional rights to increase their collective investment to $1.5 billion.
“This is a pivotal investment for western states seeking to meet their aggressive decarbonization goals,” said John Strom, Managing Director of Haddington Ventures. “The ACES Delta hub will be larger than any existing green-hydrogen production and storage site by a factor of 10, which is the scale needed for electric utilities. The project uniquely leverages readily scalable electrolyzer technologies with multiple large salt dome storage caverns to make a meaningful environmental contribution.”
ACES Delta is developing the green hydrogen storage hub near Delta, Utah with electrolyzer capacity to produce up to 100 metric tonnes per day of green hydrogen under a long-term contract with the Intermountain Power Agency (IPA). IPA is comprised of 23 Utah municipalities and owns the Intermountain Power Project (IPP). IPP supplies power to the IPA members, six rural electric cooperatives, and municipal utilities in Southern California, including Los Angeles, Burbank and Glendale.
The initial funding from Haddington ESP will finance a project to use renewable energy resources to power 220 megawatts of electrolyzers that will split water into hydrogen and oxygen. The resulting zero-carbon green hydrogen will be stored in salt-dome storage caverns and made available on demand to IPA, which intends to utilize the hydrogen in its combined-cycle natural gas plant to generate electricity for its project participants.
Construction of the initial phase of the hub, which is now underway, will help create up to 400 local construction jobs throughout the 3-year construction cycle, and is expected to contribute significant property tax revenue to the local county services such as law enforcement, infrastructure, and others.
ACES Delta is a joint venture between Mitsubishi Power Americas and Magnum Development, a managed portfolio company of Haddington Ventures. The Haddington/Magnum team brings experience in underground salt storage development, construction, and operation while Mitsubishi Power Americas brings experience and technological support for the electrolyzers and other power related elements. For additional information, please visit aces-delta.com.
“AIMCo is excited to be participating in the ACES Delta Platform alongside strategic partners, which are aligned in supporting the Delta site becoming a key hydrogen production & storage hub for the Western US. Hydrogen is expected to play a vital role in meeting many industries and stakeholders' current and future decarbonization goals. We see the long-term contracted nature of the initial Project fitting well within the strategic objectives of our client’s portfolios and the potential for future investment in this growing sector."
Ben Hawkins, Head, Infrastructure, Renewables & Sustainable Investing AIMCo
“We firmly believe that green hydrogen will play a key role in decarbonization in the US, where long-duration storage will be essential for the higher penetration of renewable power, and to meet fluctuating inter-season power demand. As a long-term investor, we are pleased to partner with this strong group of likeminded developers and equity partners to position ourselves well for the growing hydrogen economy.”
Ang Eng Seng, Chief Investment Officer of Infrastructure for GIC
“Manulife is thrilled to expand its longstanding investment relationship with Haddington Ventures and partner alongside these strategic investors in projects developed by ACES Delta. We believe ACES Delta is uniquely positioned to build a large-scale green hydrogen production and storage platform to serve growing customer demand. This investment supports our objectives to help facilitate the decarbonization of energy sources and grow our $42 billion portfolio of green investments.”
Adam Wise, Head of Natural Resources and Sustainable Solutions, Manulife
“We’re proud to be investing in one of the largest and most advanced green hydrogen projects in the U.S.. Ontario Teachers’ is committed to decarbonization and the energy transition and we believe green hydrogen production and storage will play an essential role in this transition. We see the ACES Delta platform as the beginning of a long-term partnership with a top-quality developer.”
Chris Ireland, Managing Director, Greenfield and Renewables at Ontario Teachers’.
Legal representation to Haddington ESP investors was provided by Sidley Austin LLP, while Haddington Ventures was represented by Willkie Farr & Gallagher LLP
About Alberta Investment Management Corporation
Alberta Investment Management Corporation, AIMCo, is one of Canada's largest and most diversified institutional investment managers with more than CAD $168 billion of assets under management, as at December 31, 2021. AIMCo invests globally on behalf of 32 pension, endowment and government funds in the Province of Alberta.
The AIMCo Infrastructure group manages a portfolio of over CAD $10.5 billion in investments, comprised primarily of long-term equity positions in OECD-based infrastructure assets. These assets typically provide essential services to the public and are either regulated or have highly contracted revenues with the potential for long-term capital appreciation. AIMCo infrastructure investments are intended to match long duration real return asset characteristics with inflation-indexed pension liabilities.
About GIC
GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital and infrastructure. Its long-term approach, multi-asset capabilities and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 1,800 people in 10 key financial cities and has investments in over 40 countries.
About Manulife
Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our global wealth and asset management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2021, we had more than 38,000 employees, over 119,000 agents, and thousands of distribution partners, serving over 33 million customers. Our principal operations are in Asia and Canada, and the United States, where we have served customers for more than 160 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong. In the previous 12 months we made CAD$32.7 billion in payments to our customers.
Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com.
About Ontario Teachers’
Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of C$241.6 billion as at December 31, 2021. We invest in more than 50 countries in everything from equities to real estate to infrastructure and venture growth, to deliver retirement income for 333,000 current and retired teachers in Ontario.
With offices in Hong Kong, London, San Francisco, Singapore and Toronto, our more than 350 investment professionals bring deep expertise in industries ranging from agriculture to artificial intelligence. We are a fully funded defined benefit pension plan and have earned an annual total-fund net return of 9.7% since the plan’s founding in 1990. At Ontario Teachers’, we don’t just invest to make a return, we invest to shape a better future for the teachers we serve, the businesses we back, and the world we live in. For more information, visit otpp.com and follow us on Twitter @OtppInfo.
About Haddington Ventures
Founded in 1998, Haddington Ventures, LLC oversees a growing portfolio of successful conventional and renewable energy businesses that are bringing innovative new infrastructure to the U.S. energy sector. Haddington’s unique combination of industry knowledge, investment experience and operational expertise provides an important advantage in identifying and creating value in its investment opportunities. Generally, Haddington invests in companies whose businesses support the vast operating and infrastructure requirements driven by the growing demand for energy.
Haddington Ventures
Sam Pyne
+1 713-532-7992
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AIMCO
Denes Nemeth
+1 780-392-3600
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GIC
Katy Conrad
+1 212-856-2407
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Manulife
Brittany Straughn
+1 416-926-3000
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Ontario Teachers’ Pension Plan
Hugh Christopher
+1 416-730-6451
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DUBLIN--(BUSINESS WIRE)--The "Carbon Footprint Management Market Research Report by Component (Services and Solution), Services, Deployment Mode, Vertical, 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 Carbon Footprint Management Market size was estimated at USD 5,291.22 million in 2021 and expected to reach USD 6,299.73 million in 2022. The market is projected to grow at a CAGR 19.31% to reach USD 15,266.03 million by 2027.
In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
Cumulative Impact of COVID-19:
The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Cumulative Impact of 2022 Russia Ukraine Conflict:
The publisher continuously monitors and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States.
This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.
This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Carbon Footprint Management market considering the current update on the conflict and its global response.
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 Carbon Footprint Management 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.
Company Usability Profiles:
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Stringent emission regulations laid down by the government agencies
5.1.1.2. Sustainable targets set by companies and organizations as a part of sustainable development
5.1.1.3. Increasing awareness regarding the importance of carbon footprint reduction
5.1.2. Restraints
5.1.2.1. High cost of implementation of carbon footprint management systems
5.1.3. Opportunities
5.1.3.1. Increasing government incentives and schemes provided to organizations that have low carbon footprint
5.1.3.2. Development and integration of advanced technologies to enhance the carbon reporting capabilities of the system
5.1.3.3. Proliferating growth opportunities in emerging markets due to increasing urbanization
5.1.4. Challenges
5.1.4.1. Threat to companies data and security in cloud-based carbon footprint management system
5.2. Cumulative Impact of COVID-19
6. Carbon Footprint Management Market, by Component
6.1. Introduction
6.2. Services
6.3. Solution
7. Carbon Footprint Management Market, by Services
7.1. Introduction
7.2. Consulting
7.3. Integration and Deployment
7.4. Support and Maintenance
8. Carbon Footprint Management Market, by Deployment Mode
8.1. Introduction
8.2. Cloud
8.3. On-premises
9. Carbon Footprint Management Market, by Vertical
9.1. Introduction
9.2. Energy & Utilities
9.3. IT & Telecom
9.4. Manufacturing
9.5. Residential & Commercial Buildings
9.6. Transportation & Logistics
10. Americas Carbon Footprint Management Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Carbon Footprint Management Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
12. Europe, Middle East & Africa Carbon Footprint Management Market
12.1. Introduction
12.2. France
12.3. Germany
12.4. Italy
12.5. Netherlands
12.6. Qatar
12.7. Russia
12.8. Saudi Arabia
12.9. South Africa
12.10. Spain
12.11. United Arab Emirates
12.12. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.1.1. Quadrants
13.1.2. Business Strategy
13.1.3. Product Satisfaction
13.2. Market Ranking Analysis
13.3. Market Share Analysis, By Key Player
13.4. Competitive Scenario
13.4.1. Merger & Acquisition
13.4.2. Agreement, Collaboration, & Partnership
13.4.3. New Product Launch & Enhancement
13.4.4. Investment & Funding
13.4.5. Award, Recognition, & Expansion
14. Company Usability Profiles
For more information about this report visit https://www.researchandmarkets.com/r/9kiakx
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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