NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that senior management will be participating in the following upcoming investor conferences:
To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
This email address is being protected from spambots. You need JavaScript enabled to view it.
Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Micro-mobility Charging Infrastructure Market Size, Share & Trends Analysis Report by Vehicle Type, by Charger Type, by Power Source, by End Use, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global micro-mobility charging infrastructure market size is expected to reach USD 27.70 billion by 2030, growing at a CAGR of 25.2% from 2022 to 2030
Increasing awareness about green transportation modes is expected to drive the adoption of micro-mobility vehicles across the globe. An increasing number of people are preferring e-scooters for traveling over shorter distances as these vehicles take less parking space and can recharge within a shorter time.
Additionally, several charging stations for e-scooters provide a dedicated parking space, which helps reduce traffic congestion. Furthermore, these charging stations can be efficiently designed as per the available space and are adaptable to any e-scooter design. These factors are expected to create growth opportunities for the market over the forecast period.
The growing preference for wireless charging stations to charge micro-mobility vehicles at a faster rate with more convenience is expected to drive the demand for wireless charging stations. Several companies are also launching intelligent dock systems called wireless charging systems that work both indoors and outdoors.
For instance, in May 2020, Magment GmbH, a charging station provider, launched its intelligent wireless charging systems to provide flexible wireless charging to e-scooters. These wireless charging stations can be easily installed near streetlamps, parks, and electronic advertisement boxes.
The introduction of solar-powered charging stations with smart parking systems is expected to create growth opportunities for the micro-mobility charging infrastructure market. Market players are also focusing on developing and providing solar-powered charging stations for e-scooters.
Solar-powered charging stations help to charge network operators to reduce their dependency on grid stations. For instance, in October 2020, Swiftmile Inc introduced free solar-powered charging stations across various locations in the U.S.
The COVID-19 pandemic is expected to adversely impact the market. The market suffered during the pandemic but is expected to witness growth opportunities in the near future as citizens avoid public transport amid the pandemic. Moreover, the demand for wireless charging stations has increased as they offer touchless operations and help eliminate the risk of spreading the virus.
Micro-mobility Charging Infrastructure Market Report Highlights
Market Dynamics
Market driver analysis
Market challenge analysis
Penetration and Growth Prospect Mapping
Micro-mobility Charging Infrastructure Market - Porter's Five Forces Analysis
Micro-mobility Charging Infrastructure Market - PESTEL Analysis
Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/wie77x
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Redbird to Assume Leadership and Management of TEN|10’s Energy Practice
FORT WORTH, Texas & DENVER--(BUSINESS WIRE)--Redbird Communications Group (Redbird) and the TEN|10 Group (TEN|10) announced today that they have completed a strategic transition whereby Redbird will assume the leadership and management of TEN|10’s robust oil and gas practice. Current TEN|10 team members have begun working in collaboration with Redbird’s energy communications professionals, providing a seamless continuum of communications counsel and service for TEN|10 energy clients.
Redbird Communications Group, based in Fort Worth and San Antonio, Texas, is a full-service strategic communications firm focused solely in the oil and gas industry. Founded in early 2019 and led by co-founders Meggan Morrison and Meredith Howard, Redbird offers a full range of services including media and public relations; website design and development; graphic design; crisis communications and incident response preparedness; environment, social and governance (ESG) consulting; media training; executive coaching; and corporate message development. Redbird focuses primarily on independent, private midstream and oil and gas exploration and production companies.
“I have worked with the TEN|10 Group for many years, most especially with the late founder, Casey Nikoloric, who was a mentor to me in the early years of my consulting career,” said Meredith Howard, Redbird co-founder and principal. “The opportunity to carry on Casey’s legacy and work alongside the remarkable team she developed is an honor. While the company name may be different, the service will be the same. We look forward to growing new relationships and continuing to provide our clients with outstanding counsel.”
“With the tragic passing of our founder and my friend Casey Nikoloric, our goal for the transition of our oil and gas practice has remained simple: to continue to provide TEN|10 clients with the high level of service and guidance they have come to expect,” said Steve Foster, longtime member of the TEN|10 team and interim principal. “I have worked with members of the Redbird team since 2013, and there is no doubt that they have the skills and capabilities to meet this goal. I am excited about this transition and the opportunity to continue to help drive our clients’ growth through strategic communications.”
Based in Denver, TEN|10 was founded by the late Casey Nikoloric and grew to be a premier strategic marketing and communications firm serving independent energy companies, private equity firms, and nonprofits. Under the new leadership of Nikoloric’s son, Ed Hine, TEN|10 will continue to provide communications services in the nonprofit and educational sectors.
About Redbird Communications Group
Redbird Communications Group (Redbird) is a full-service strategic communications firm for the energy industry. From media relations and marketing to issues management and ESG, we understand the opportunities and challenges our clients face and can help deliver messages in the most positive and productive way. Redbird has offices in Fort Worth and San Antonio and is led by co-founders Meggan Morrison and Meredith Howard, each with nearly 20 years of experience in the energy industry. For more information, please visit www.redbirdpr.com
Bevo Beaven
Redbird Communications Group
This email address is being protected from spambots. You need JavaScript enabled to view it.
BOSTON--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, together with joint ventures AlphaStruxure and GreenStruxure has been recognized as an industry leader in the Energy as a Service (EaaS) market with a No. 2 ranking by Guidehouse Insights EaaS Leaderboard. Schneider Electric’s top ranking results from its integrated, end-to-end, EaaS solution offerings and its opportunistic position for market growth.
The Guidehouse Insights report assesses the competitive landscape for EaaS solutions and how well companies are positioned to address customer needs. It’s intended to help customers, and market participants better understand solution offerings, differentiation, and record of accomplishment for EaaS projects.
“Schneider is a leader in the EaaS market, supported by its extensive vision, innovative go-to-market strategy, effective public presence, and technology excellence, among other factors,” said Sasha Wedekind, Principal Research Analyst with Guidehouse Insights. “It has had many public and confidential project announcements in the past year, such as the Montgomery County Brookville Smart Energy Bus Depot with AlphaStruxure, and a recent announcement of a GreenStruxure multi-site project with Bimbo Bakeries.”
Schneider Electric has and continues to expand its EaaS offering to serve the full spectrum of customer needs – as evidenced by the Microgrid Competency Center, AlphaStruxure, GreenStruxure, the recent formation of a global Sustainability Business, and its GreeNext joint venture. Schneider Electric has strategically positioned itself to be at the forefront of the market in the New Energy Landscape.
“Energy as a Service arms companies with the power to meet their energy outcomes by freeing up capital through a single, long-term energy partner. This model is helping our customers gain a competitive advantage,” said Jana Gerber, President, North America Microgrid at Schneider Electric, “With the understanding that customer priorities continue to evolve as energy demands shift, we made significant strides developing our EaaS offer, focusing on new customer verticals, and forming strategic partnerships.”
Schneider’s AlphaStruxure and GreenStruxure joint ventures unlock ambitious energy transformations for energy-intensive private and public sector organizations by designing, building, owning, operating, and maintaining tailored energy infrastructure, including microgrids. With no up-front CapEx, AlphaStruxure and GreenStruxure’s innovative EaaS models maximize results and minimize risk:
As defined by Guidehouse Insights, EaaS solutions allow customers to address sustainability, resiliency, and deferred maintenance while upgrading facilities with OpEx-only payments and immediate ROI. Outsourcing all or part of energy management to a provider is increasingly compelling because of the rising complexity of available distributed energy technologies and the challenge of meeting long-term greenhouse gas emission reduction standards. Because of these various benefits, customers across all industries are continuing to adopt and explore EaaS solutions at scale.
For more information about Schneider Electric's EaaS solutions, please access the e-guide, or visit schneider-electric.us/microgrid and schneider-electric.us/en/eaas.
For more information on AlphaStruxure, please visit alphastruxure.com and for additional information on GreenStruxure, please visit greenstruxure.com.
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, end-point 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. www.se.com
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Hashtags: #EnergyAsAService #Microgrid #LifeIsOn #SchneiderElectric #EaaS #AlphaStruxure #GreenStruxure
About AlphaStruxure
AlphaStruxure is a leading Energy as a Service (EaaS) provider that designs, builds, owns, operates, and maintains tailored energy infrastructure, including microgrids. Unlike other EaaS providers, AlphaStruxure owns its clients’ systems for their lifecycle, making it fully accountable for long-term outcomes on resilience, reliability, greenhouse gas reduction, and cost stability — without the CapEx or complexity. AlphaStruxure’s unique joint-venture model combines Carlyle’s capital backing with Schneider Electric’s 185+ year legacy and its track record as the #1 microgrid technology provider, with over 300 successful projects across North America. As a steadfast innovator in the new energy landscape, AlphaStruxure unlocks ambitious transformations for energy-intensive private and public sector organizations. AlphaStruxure is based in Boston, MA and operates across North America while leveraging global capabilities.
More information at alphastruxure.com | Follow AlphaStruxure at linkedin.com/company/AlphaStruxure
About GreenStruxure
GreenStruxure is your new energy supply, delivering on-site, zero carbon, digital energy for commercial and industrial buildings in the U.S. You get the energy outcomes you need – affordable, decarbonized energy, bill optimization and sustainability credits - and we make it simple and hassle free for you with no capital upfront or operational risks. GreenStruxure is backed by our strategic partners Schneider Electric and ClearGen, a Blackstone company. We are your new long-term energy partner bringing certainty and predictability in times of high volatility and rising costs.
For more information, go to www.greenstruxure.com or https://www.linkedin.com/company/greenstruxure.
Schneider Electric Media Relations – Vicki True; 774-613-1158; This email address is being protected from spambots. You need JavaScript enabled to view it.
PR agency for Schneider Electric – Lexie Janney; 202-478-1163 ext. 92401; This email address is being protected from spambots. You need JavaScript enabled to view it.
Green hydrogen from Bloom’s electrolyzer expected to produce 13,000 metric tons of clean ammonia per year
LSB’s Pryor facility will become North America’s largest green ammonia production site
SAN JOSE, Calif. & OKLAHOMA CITY--(BUSINESS WIRE)--$BE #energy--Bloom Energy (NYSE: BE), a leading energy technology company, and LSB Industries, Inc. (LSB) (NYSE: LXU), the leading North American producer of industrial and agricultural chemicals, today announced plans to install a 10 megawatt (MW) solid oxide electrolyzer at LSB’s Pryor, Oklahoma facility. The project is expected to generate green hydrogen that will contribute to the synthesis of approximately 13,000 metric tons of zero-carbon ammonia per year.
Operating at superior efficiencies compared to PEM and alkaline electrolyzer technologies, Bloom Energy’s solid oxide electrolyzer is uniquely positioned to unlock clean, low-cost hydrogen at the scale needed for a net-zero economy. Bloom Energy’s high-temperature electrolyzer requires less energy to generate hydrogen than low-temperature electrolyzers on the market today. When integrated with the most energy efficient high-temperature processes like ammonia synthesis, which produces extra heat energy, Bloom’s electrolyzer is up to 30-40 percent more efficient than competing electrolyzer technologies, resulting in the lowest cost hydrogen for end customer use. With electricity accounting for up to 80 percent of the cost of hydrogen production through electrolysis, solid oxide electrolysis at scale offers a viable, cost-accessible pathway to hydrogen production. Further, clean hydrogen produced at LSB’s facility may qualify for federal incentive programs, such as those currently under evaluation by Congress.
“Achieving a net-zero future requires clean hydrogen at scale, and the collaboration between Bloom Energy and LSB is a milestone for both green hydrogen production and the decarbonization of an industry that’s vital to farmers and consumers alike,” said Rick Beuttel, vice president, hydrogen business, Bloom Energy. “We’re excited to collaborate with LSB to provide significant electrolysis efficiencies, demonstrating that zero-carbon fuels are available and accessible today.”
Ammonia is a crucial component in agricultural fertilizers, with 80 percent of ammonia production used to fertilize crops that will grow food necessary to feed the world. The vital production of ammonia, however, has historically been even more emissions-intensive than other hard-to-abate industrial sectors like cement or steel. The 10 MW solid oxide electrolyzer installation – which will contribute to making LSB’s Pryor facility the largest green ammonia production site in North America – will demonstrate the ability of hydrogen to decarbonize ammonia production and other industrial sectors, which are collectively responsible for more than one-third of global energy consumption.
ThyssenKrupp, a leading global technology, engineering, procurement, construction, and service provider to chemical plants, will co-develop the multi-phase project, developing an initial engineering design to convert a small portion of existing conventional (“gray”) ammonia capacity at LSB’s Pryor facility into green ammonia. Bloom Energy will then install, operate, and maintain the 10 MW electrolyzer at LSB’s Pryor facility, targeting hydrogen production to begin in 2023.
For more information about Bloom Energy’s solid oxide electrolyzer and the company’s commitment to a zero-carbon future, visit: www.bloomenergy.com/bloomelectrolyzer.
Forward-Looking Statements
This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding the collaboration with LSB, including plans to install a solid oxide electrolyzer at LSB’s Pryor facility, integration with exothermic processes for scaling green hydrogen generation and related efficiency gains, availability of any federal clean energy incentives, projected production dates, viability, cost and timing of future hydrogen production, and progress towards any net-zero emissions or decarbonization goals. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, filed with the SEC on May 6, 2022, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers primarily throughout the United States. Committed to improving the world by setting goals that will reduce our environmental impact on the planet and improve the quality of life for all of its people, the Company is well positioned to play a key role in the reduction of global carbon emissions through its planned carbon capture and sequestration, and zero carbon ammonia strategies. Additional information about LSB can be found on its website at www.lsbindustries.com.
Bloom Energy Media Contact:
Jennifer Duffourg
480.341.5464
This email address is being protected from spambots. You need JavaScript enabled to view it.
Bloom Energy Investor Relations:
Ed Vallejo
267.370.9717
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today provided an overview of the company’s business plans and operations at its annual stockholders meeting.
“We are focused on delivering higher returns, lower carbon and superior shareholder value,” said Michael Wirth, Chevron’s chairman and CEO. “Our strategy is clear: leverage our strengths to deliver lower carbon intensity energy to a growing world. Our capabilities, assets, and customers are distinct advantages. We're building on these strengths as we aim to lead in lower carbon intensity oil, products, and natural gas, and to advance new products and solutions that reduce the carbon emissions of major industries.”
In the past year, Chevron completed the transformation of the organization, integrated Noble Energy’s people and assets, and formed Chevron New Energies.
The company is working toward achieving updated targets to reduce the carbon intensity of operations. “We intend to be a leader in carbon-efficient production of traditional energy while building new energy businesses, where we have competitive advantages,” Wirth added.
Chevron announced the proposed acquisition of Renewable Energy Group, Inc. (NASDAQ: REGI) in February, which is expected to be completed around the middle of this year.
“Chevron is doing its part to grow domestic supply, with U.S. oil and gas production up 10 percent over the first quarter of last year,” Wirth said. “Our total of 2022 capital spending plus announced acquisitions is expected to be more than 50 percent higher than 2021.”
The company maintains a clear and consistent approach through the business cycle, including its top financial priorities: growing the dividend; reinvesting to grow future cash flows; strengthening the balance sheet; and returning excess cash to stockholders.
“We look to the future with optimism, applying over 140 years of experience to tackle the difficult problems that must be solved,” Wirth concluded.
The preliminary results from the meeting can be accessed online at chevron.com. Final voting results will be posted in the same location after they have been reported on a Form 8-K, which will be filed with the U.S. Securities and Exchange Commission. Specific information about the proposals before Chevron stockholders this year may be found in the “Investors” section of the company’s website under “Stockholder Services – Annual Meeting Materials.”
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
NOTICE
As used in this news release, the term “Chevron” and such terms as “the company,” “the corporation,” “our,” “we,” “us” and “its” may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.
Please visit Chevron’s website and Investor Relations page at www.chevron.com and www.chevron.com/investors, LinkedIn: www.linkedin.com/company/chevron, Twitter: @Chevron, Facebook: www.facebook.com/chevron, and Instagram: www.instagram.com/chevron, where Chevron often discloses important information about the company, its business, and its results of operations.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic, market, and political conditions, including the military conflict between Russia and Ukraine and the global response to such conflict; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to implement capital allocation strategies, including future stock repurchase programs and dividend payments; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 25 of the Company’s 2021 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Braden Reddall -- +1 925-842-2209
New facility to drive energy storage solutions sales, supply chain resilience and product innovation
MILPITAS, Calif. & PANGYO, South Korea--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”), a global leader in smart energy technology, and SolarEdge’s subsidiary, Kokam Limited Company, a provider of lithium-ion batteries and integrated energy storage solutions, announced today the opening of “Sella 2”, a two gigawatt-hour (GWh) battery cell manufacturing facility. Located in the Eumseong Innovation City of Chungcheongbuk-Do, South Korea, Sella 2 is currently producing test cells for certification, with ramp-up expected during the second half of 2022.
Once ramped, Sella 2 will enable SolarEdge to have its own supply of lithium-ion batteries and the infrastructure to develop new battery cell chemistries and technologies. The facility is planned to manufacture battery cells for SolarEdge’s residential solar-attached batteries as well as battery cells for a variety of industries, including mobile applications, energy stationary storage solutions (ESS) and UPS applications. The facility can scale its battery cell capacity in the future to support the growing needs for storage solutions offered by the company.
Zvi Lando, Chief Executive Officer of SolarEdge, commented: “The opening of Sella 2 is an important milestone for SolarEdge. It allows us to own key processes in the development and manufacturing of advanced energy storage solutions for our solar core business and additional applications, while further securing the resilience of our supply chain. We are committed to growing our business in the energy storage market, as well as our investment in battery cell technology and cell manufacturing, further strengthening our storage product portfolio.”
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions. Visit us at: solaredge.com
Lily Salkin
Global Public and Media Relations Manager
M +972-522028240
This email address is being protected from spambots. You need JavaScript enabled to view it.
Dana Noyman
Head of Corporate Communications and Global PR
M +972 54 999 8809
This email address is being protected from spambots. You need JavaScript enabled to view it.
SOLON, Ohio--(BUSINESS WIRE)--Energy Focus, Inc. (NASDAQ:EFOI) (“Energy Focus” or the “Company”), a leader in sustainable, energy-efficient lighting and controls systems and ultraviolet-c light disinfection products for the commercial, military maritime and consumer markets, today announced that the Company’s Annual Meeting of Stockholders (the “Annual Meeting”) scheduled for Wednesday, May 25, 2022 at 9:00 a.m. Eastern Time, was convened and adjourned without any business being conducted due to lack of the required quorum.
A quorum consists of the holders of a majority in voting power of all issued and outstanding stock entitled to vote, including common stock, par value $0.0001 per share, of the Company (“Common Stock”) and Series A Convertible Preferred Stock, par value $0.0001 per share (the “Series A Preferred Stock”), being present in person or represented by proxy. At the convening of the Annual Meeting, there was present less than a majority in voting power entitled to vote, either in person or by proxy. The Annual Meeting therefore had no quorum and the meeting was adjourned to 9:00 a.m. Eastern Time on Wednesday, June 15, 2022.
The virtual Annual Meeting can be accessed by visiting www.virtualshareholdermeeting.com/EFOI2022. We encourage you to access the Annual Meeting before the start time of 9:00 a.m., Eastern Time, on June 15, 2022. Please allow ample time for online check-in, which will begin at 8:45 a.m., Eastern Time, on June 15, 2022.
During the current adjournment, the Company continues to solicit votes from its stockholders with respect to the proposals set forth in the Company’s definitive proxy statement filed with the United States Securities and Exchange Commission (the “SEC”) on April 13, 2022 (the “Proxy Statement”).
Only stockholders of record at the close of business on March 28, 2022 (the “Record Date”) will be entitled to notice of and to vote during the Annual Meeting and any adjournments or postponements thereof. The Company had 6,453,777 shares of Common Stock and 876,447 shares of Series A Convertible Preferred Stock issued and outstanding as of the Record Date. At the time the Annual Meeting was adjourned, proxies had been submitted by stockholders representing approximately 46.3% of voting power of all issued and outstanding stock entitled to vote at the Annual Meeting. Proxies previously submitted in respect of the Annual Meeting will be voted at the adjourned Annual Meeting unless properly revoked, and stockholders who have previously submitted a proxy or otherwise voted need not take any action.
The Company encourages all stockholders of record on March 28, 2022, who have not yet voted, to do so by June 14, 2022 at 11:59 p.m. Eastern Time. Stockholders who have any questions require any assistance with completing a proxy or voting instruction form or who do not have the required materials may contact This email address is being protected from spambots. You need JavaScript enabled to view it..
If the number of additional shares of common stock voted at the adjourned Annual Meeting is not sufficient to reach a quorum, the Company intends to adjourn the Annual Meeting again, which will require the Company to incur additional costs.
About Energy Focus
Energy Focus is an industry-leading innovator of sustainable light-emitting diode (“LED”) lighting and lighting control technologies and solutions, as well as UV-C Disinfection technologies and solutions. As the creator of the first flicker-free LED lamps, Energy Focus develops high quality LED lighting products and controls that provide extensive energy and maintenance savings, as well as aesthetics, safety, health and sustainability benefits over conventional lighting. Our EnFocus™ lighting control platform enables existing and new buildings to provide quality, convenient and affordable, dimmable and color-tunable, circadian and human-centric lighting capabilities. In addition, our patent-pending UVCD technologies and products aim to provide effective, reliable and affordable UVCD solutions for buildings, facilities and homes. Energy Focus’ customers include U.S. and U.S. ally navies, U.S. federal, state and local governments, healthcare and educational institutions, as well as Fortune 500 companies. Since 2007, Energy Focus has installed approximately 900,000 lighting products across the U.S. Navy fleet, including tubular LEDs, waterline security lights, explosion-proof globes and berth lights, saving more than five million gallons of fuel and 300,000 man-hours in lighting maintenance annually. Energy Focus is headquartered in Solon, Ohio. For more information, visit our website at www.energyfocus.com.
Investor Contact:
Hayden IR
Brett Maas
646-536-7331
This email address is being protected from spambots. You need JavaScript enabled to view it.
The city will see new environmental benefits and increased safety for citizens resulting from Energère and Trilliant partnership
GRANBY, Québec--(BUSINESS WIRE)--Trilliant, a leading international provider of utility solutions for advanced metering and smart grid systems, and Energère, a leading energy services company based in Québec, today announced a partnership with the Ville de Granby that will enable the city to increase resident safety, reduce greenhouse emissions and realize overall energy and maintenance savings.
Energère is highly experienced in assisting cities and municipalities with lighting conversion, and will leverage Trilliant’s Internet of Things (IoT) platform as part of the solution to support the city’s upgrade of 5,794 luminaires to light-emitting diode (LED) technology. The city will integrate an intelligent lighting management system (ILS), and install 3000K warm-white, connected lighting units. Trilliant’s intelligent lighting control technology will enable real-time remote management of all lighting fixtures, optimizing operations management and reducing maintenance requirements. It will also ensure greater visibility and safety.
"The City of Granby is excited to launch this project, which is part of a larger sustainable development approach," says Mayor Julie Bourdon. "This lighting conversion will not only allow us to be more efficient and environmentally friendly, but will also improve the safety of our citizens and our roads by increasing visibility. It will also generate a decrease in our costs related to the maintenance and operation of our lighting network."
The new LED bulbs' lifespan is five times longer than that of the original bulbs. As well, the "dark sky" certification of selected products for the project will reduce the amount of light emitted towards the sky, thanks to directional lighting, and will limit intrusive light shining into residences.
This initiative will result in energy and maintenance savings each year. From an environmental perspective, in addition to protecting the night sky, the city will reduce its greenhouse gas emissions by approximately 96.5 tonnes of CO2 equivalent over a 25-year period, representing the life of the lights.
“We’re pleased to work with Energère to assist the Ville de Granby with this important project,” says Steven Lupo, Managing Director, Canada at Trilliant. “As cities and municipalities look to be more efficient and connected, our highly reliable systems can support them by driving energy efficiency, improving network reliability and lowering operating costs. Given our 35 years of innovation in Canada and our local presence in Québec, we’re particularly excited about this — and future — IoT projects in this province, as well as the rest of the country.”
Work for the Ville de Granby’s lighting conversion project is scheduled to begin the week of July 4, 2022.
About Energère
Energère is a leading energy services company (ESCo) in Québec. We provide innovative solutions that increase energy efficiency and reduce operating and maintenance expenses of buildings. Our turnkey projects come with guarantee performances; they not only help lower energy consumption, but also protect the environment by reducing greenhouse gas emissions. In addition, we implement measures that aim to improve the comfort of building occupants. Since 1997, Energère has successfully completed more than 600 energy efficiency projects in institutional, municipal, commercial and industrial markets. https://energere.com/eng/
About Trilliant
Trilliant® empowers the energy industry with the only purpose-built communications platform that enables utilities and cities to securely and reliably deploy any application on one powerful network. With the most field-proven, globally compliant solution in the market, Trilliant provides proven solutions that enable connectivity, sustainability, safety, and customer-centricity for utilities and the communities they serve, worldwide. www.trilliant.com
Cindy Watson / Anita Wong
StrategicAmpersand Inc. (on behalf of Trilliant)
This email address is being protected from spambots. You need JavaScript enabled to view it.
IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it plans to grow shareholder value by delivering solutions that help meet the global need for energy and for lower greenhouse gas emissions to address climate change. Darren Woods, chairman and chief executive officer, outlined how the company’s strategy leverages its capabilities and competitive advantages at the annual meeting of shareholders.
“We have opportunities to play a leading role in helping society achieve its net-zero ambitions and in meeting the world’s growing demand for energy and essential products,” said Woods. “Recent events have reminded us how globally connected energy markets are. They’ve also underscored the importance of our role in creating sustainable solutions that improve quality of life, while supporting a lower- emissions future.”
ExxonMobil in April streamlined its business structure to consist of three core businesses – Upstream, Product Solutions and Low Carbon Solutions – to fully leverage the company’s competitive advantages of scale, integration, technology, functional excellence and highly skilled workforce.
ExxonMobil is focused on five key strategic priorities to sustainably grow shareholder value:
Woods highlighted the company’s strong performance in 2021, noting that earnings significantly improved to $23 billion and cash flow from operating activities totaled $48 billion, the highest since 2012. Future plans include structural cost savings of $9 billion per year by 2023, compared to 2019, and more than $15 billion of investments through 2027 on initiatives to lower greenhouse gas emissions. They include investments to reduce emissions from company operations and to advance critical technologies like carbon capture and storage, hydrogen and biofuels, which together are expected to develop into multi-trillion-dollar markets in the decades ahead.
“Long-term, we have the portfolio flexibility necessary to pace our investments consistent with advancements in technology, markets and supportive policy,” Woods said. “As we move forward, we’ll remain focused on executing our strategy, sustainably growing value across a broad range of scenarios and time horizons, and importantly, leading the industry, now and through the energy transition.”
In the near term, ExxonMobil is increasing production of the energy resources and products the world needs.
For example, in Guyana, the company has two oil fields in production and two more in development, and made new discoveries that increased the estimated recoverable resource to nearly 11 billion barrels of oil equivalent.
In the Permian Basin in the United States, ExxonMobil expects to produce more than 550,000 oil equivalent barrels per day this year, which would represent a production increase of 25% on top of the increase achieved in 2021. The company’s state-of-the-art Corpus Christi chemical complex started production on schedule and under budget and delivered positive earnings and cash flow in its first quarter of operations.
ExxonMobil continues to mitigate emissions from its operations and achieved its 2025 emission-reduction plans four years earlier than planned. This progress supports the company’s more aggressive 2030 greenhouse gas emission-reduction plans and its ambition to achieve net-zero scope 1 and 2 greenhouse gas emissions from operated assets by 2050.
During the annual meeting, shareholders re-elected ExxonMobil’s board of director nominees, supported the company’s executive compensation program, ratified PricewaterhouseCoopers LLP as independent auditors and passed one proposal by shareholders. The proxy voting results will be made available on the company’s website as soon as practical.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.
Follow us on Twitter and LinkedIn.
Cautionary Statement
Statements of future events or conditions in this press release are forward-looking statements. Similarly, emission-reduction roadmaps to drive toward net zero are dependent on future market factors, such as continued technological progress and policy support, and represent forward-looking statements. Actual future results, including financial and operating performance; earnings, cash flow, and rates of return; structural cost savings, total capital expenditures and mix, including allocations of capital to low carbon solutions; cost reductions and efficiency gains, including the ability to meet or exceed announced cost and expense reduction objectives; plans to reduce future emissions and emissions intensity; technology efforts, including timing and outcome of projects to capture and store CO2, produce biofuels, integrate hydrogen projects, and use plastic waste as recycled feedstock; achievement of ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050, or Scope 1 and Scope 2 net zero in Upstream Permian operated assets by 2030, the elimination of routine flaring in-line with World Bank Zero Routine Flaring, or the completion of major asset emission-reduction roadmaps; maintenance and turnaround activity; price and margin recovery; shareholder distributions; the ability to access debt markets; resource recoveries and production rates; and product sales levels and mix could differ materially due to a number of factors including global or regional changes in oil, gas, petrochemicals, or feedstock prices, differentials, or other market or economic conditions affecting the oil, gas, and petrochemical industries and the demand for our products; policy and consumer support for emission-reduction products and technology; the outcome of competitive bidding and project wins; regulatory actions targeting public companies in the oil and gas industry; changes in local, national, or international laws, regulations, and policies affecting our business including with respect to the environment; the development and transportation of our products; taxes, trade sanctions, and actions taken in response to pandemic concerns; the pace of regional and global economic recovery from the pandemic and the occurrence and severity of future outbreaks; the ability to realize efficiencies within and across our business lines and to maintain cost reductions without impairing our competitive positioning; the outcome and timing of exploration and development projects; reservoir performance; timely completion of construction projects; war and other security disturbances; actions of consumers and changes in consumer preferences; opportunities for and regulatory approval of investments or divestments that may arise; the outcome of our or competitors’ research efforts and the ability to bring new technology to commercial scale on a cost-competitive basis; the development and competitiveness of alternative energy and emission reduction technologies; unforeseen technical or operating difficulties including the need for unplanned maintenance; and other factors discussed here and in Item 1A. Risk Factors of our Annual Report on Form 10-K and under the heading “Factors Affecting Future Results” available through the Investors page of our website at exxonmobil.com. All forward-looking statements are based on management’s knowledge and reasonable expectations at the time of this press release and we assume no duty to update these statements as of any future date. Neither future distribution of this material nor the continued availability of this material in archive form on our website should be deemed to constitute an update or re-affirmation of these figures or statements as of any future date. Any future update will be provided only through a public disclosure indicating that fact.
This press release references third party scenarios such as the IEA’s Net Zero Emissions by 2050 Scenario. Third party scenarios reflect the modeling assumptions and outputs of their respective authors, not ExxonMobil, and their use and inclusion herein is not an endorsement by ExxonMobil of their likelihood or probability. Energy demand modeling aims to replicate system dynamics of the global energy system, requiring simplifications. In addition, energy demand scenarios require assumptions on a variety of parameters. As such, the outcome of any given scenario using an energy demand model comes with a high degree of uncertainty. For example, the IEA describes its NZE scenario as extremely challenging, requiring unprecedented innovation, unprecedented international cooperation and sustained support and participation from consumers.
Actions needed to advance the Company’s 2030 greenhouse gas emission-reductions plans are incorporated into its medium-term business plans, which are updated annually. The reference case for planning beyond 2030 is based on the Company’s Energy Outlook research and publication, which contains the Company’s demand and supply projections based on its assessment of current trends in technology, government policies, consumer preferences, geopolitics, and economic development. Reflective of the existing global policy environment, the Energy Outlook does not project the degree of required future policy and technology advancement and deployment for the world, or ExxonMobil, to meet net zero by 2050. As future policies and technology advancements emerge, they will be incorporated into the Outlook, and the Company’s business plans will be updated accordingly.
ExxonMobil reported emissions, including reductions and avoidance performance data, are based on a combination of measured and estimated data. Calculations are based on industry standards and best practices, including guidance from the American Petroleum Institute (API) and IPIECA. The uncertainty associated with the emissions, reductions and avoidance performance data depends on variation in the processes and operations, the availability of sufficient data, the quality of those data and methodology used for measurement and estimation. Changes to the performance data may be reported as updated data and/or emission methodologies become available. ExxonMobil works with industry, including API and IPIECA, to improve emission factors and methodologies, including measurements and estimates.
The term “resource” refers to the total remaining estimated quantities of oil and natural gas that are expected to be ultimately recoverable. The term “resource” or similar terms is not intended to correspond to SEC definitions such as “probable” or “possible” reserves.
Structural cost savings describe decreases as a result of operational efficiencies, workforce reductions and other cost saving measures that are expected to be sustainable compared to 2019 levels. The total change between periods in expenses will reflect both structural cost savings and other changes in spend, including market factors, such as energy costs, inflation, and foreign exchange impacts, as well as changes in activity levels and costs associated with new operations. Forward-looking estimates of structural cost savings are based on Company plan, and may include management adjustments.
Media Relations
(972) 940-6007
Ocean Recovery Group is excited to announce that Dave Kumar has joined the company as Director of Sustainable Trade & Corporate Partnerships and Ina Ballik has joined as Director of ESG & Sustainability.
MIAMI--(BUSINESS WIRE)--Ocean Recovery Group (ORG), a Florida based social-business enterprise that leverages over 100 years of recycling industry experience to better collect, clean and recycle ocean-bound plastics, announced today that veteran recycling industry leader Dave Kumar and proven ESG expert Ina Ballik have joined Ocean Recovery Group to spearhead the company’s responsible recycling initiatives.
Dave Kumar joins Ocean Recovery Group as Director of Sustainable Trade & Corporate Partnerships. A national recycling expert, Kumar will work closely with ORG’s corporate clients to ensure compliance and attainability of corporate social responsibility goals. In partnership, Ina Ballik will lead ORG’s ESG efforts as Director of ESG & Sustainability. A skilled sustainability professional with expertise in climate change, carbon trade, carbon markets and waste management, Ballik will oversee the company’s ESG and Sustainability Department - focusing on stakeholder communications and reporting.
Both Kumar and Ballik bring Ocean Recovery Group and its clients a wealth of experience that integrates numerous facets of the recycling and environmental sustainability landscape. Kumar brings over 25 years of expertise in the recycling industry. He previously led Recycling National Accounts at International Paper, one of the world’s largest paper companies; managed the National Safety and Environmental Program at Weyerhaeuser Recycling; and oversaw Weyerhaeuser’s Pacific Northwest recycling programs.
Ballik, based in London, UK, managed her own sustainability company built on 20 years of knowledge in the Carbon Credit and International Standards Certification market. To date, Ballik has worked on hundreds of United Nations framework climate change convention greenhouse gas mitigation projects and international standards certifications in over forty countries and on five continents. Recently, Ballik led an international consortium through the ideation, conceptualization and implementation of a global sector project in India and Vietnam.
"Both Dave and Ina’s depths of expertise in environmental sustainability as it impacts the recycling sector is unparalleled," said Zachary Kirstein, Founder and President of Ocean Recovery Group. “As Ocean Recovery Group’s clients and partners strive to navigate sustainability-focused issues and opportunities, we are delighted that Dave and Ina’s knowledge and experience will help them maximize and communicate leading-edge progress.”
Ocean Recovery Group offers its partners the opportunity to achieve their sustainability goals through both the purchase of ORG’s recycled ocean-bound plastic as well as the purchase of plastic credits. For 2022 alone, ORG’s integrated-recycling operation goal is to partner with clients to collect, recycle or neutralize 12,000 tons of ocean-bound plastic.
About Ocean Recovery Group
Ocean Recovery Group is working to solve the planet’s ocean-bound plastic crisis in the Western Hemisphere. Our extensive knowledge across the recycling and packaging industries, paired with our commitment towards greater good, enables Ocean Recovery Group to effectively and efficiently divert large and scalable amounts of ocean-bound plastics to help CPG retailers achieve their sustainability goals.
Kate Raley McIlroy
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "United States Transportation Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This study provides an overview of the United States transportation industry, identifying innovative developments, focus areas, growth drivers, and growth opportunities.
It offers an in-depth look into the transportation trends and initiatives of 20 states across seven segments: roadway, railway, public transit and shared mobility, electric vehicle, autonomous mobility, port, and aviation. These 20 states, including California, Florida, and New York, are front-runners advancing the US transportation sector.
The United States provides fertile ground for stakeholders in the transportation sector to develop, adapt, and implement futuristic transportation technologies. The country is the pioneer of ride-hailing services and has one of the most forward-looking regulatory landscapes for autonomous vehicle development, testing, and deployment. Many autonomous mobility pilot programs are underway in the country, while some solutions are already commercialized, such as Waymo's driverless ride-hailing service.
The country is also a hotbed for air taxis, with home-grown companies like Joby Aviation and Kitty Hawk paving the way for global air taxi development. Drones and robot deliveries have increased post-pandemic, with Nuro becoming the country's first company authorized to mass-produce driverless vehicles and commercialize autonomous deliveries.
Additionally, technology companies such as Masabi, Cubic, Transit, and Modeshift drive the adoption of contactless ticketing among public transit agencies, creating avenues for mobility-as-a-service solutions.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Environment - Overview
3. Growth Environment - Deep Dive
4. Growth Opportunity Universe
5. Conclusion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/q87jmd
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Partnership with Bloom Energy and thyssenkrupp Uhde to Produce Approximately 30,000 Metric Tons of Zero Carbon Ammonia Per Year at LSB’s Pryor Facility
OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU), today announced that it entered into agreements with thyssenkrupp Uhde USA, LLC (“thyssenkrupp Uhde”) and Bloom Energy (“Bloom”), (NYSE:BE) to develop a project to produce approximately 30,000 metric tons of zero-carbon or “green” ammonia per year at LSB’s Pryor, Oklahoma facility (“Pryor”). Green ammonia is produced by extracting hydrogen from water using an electrolyzer powered by a renewable energy source, such as solar or wind. Since no natural gas or other fossil fuels are used as the feedstock to the ammonia production process, nor as the power source, the end-product has no associated carbon emissions.
Thyssenkrupp Uhde will develop the engineering design to convert a small portion of Pryor’s existing conventional or “grey” ammonia capacity into green ammonia. Pending results of the feasibility study currently underway, and subsequent board approval, the project will be constructed in two phases: first with Bloom supplying a 10 megawatt (MW) solid oxide electrolyzer, followed by the installation of an additional 20MW alkaline electrolyzer unit, which will be sourced from a leading manufacturer. Bloom will, own, operate and maintain the solid oxide electrolyzer that, once in operation, will be the largest of its kind in the world. Once the second electrolyzer is installed and operational, Pryor will be the largest green ammonia production site in North America.
“We are very excited to partner with Bloom Energy and thyssenkrupp Uhde in taking our first step to becoming a leading supplier of zero carbon or green ammonia in a unique facility that will have two electrolyzer technologies operating side by side. We believe that being an early entrant into the green ammonia space will allow us to become a leading player as the market evolves,” stated Mark Behrman, President, and Chief Executive Officer of LSB Industries. “This project is very important for LSB and our partners because, in addition to its initial environmental benefit, it provides a learning opportunity. With two electrolyzer technologies working together in a real-world application, we can learn how to effectively develop projects and operate facilities in this exciting new environment. We view this project as our first critical step in becoming a major facilitator and participant in the green ammonia market of the future.”
“This project highlights the value that strategic collaborations and industry-leading innovation can bring to lead advancements in decarbonizing today’s energy system,” said Rick Beuttel, vice president of Bloom Energy’s hydrogen business. “With a focus on providing highly efficient and low-cost green hydrogen at scale, we’re proud to partner with LSB to accelerate the adoption of this clean, carbon-free fuel.”
The green hydrogen produced from the electrolyzers as part of the ammonia production process is expected to qualify for federal incentive programs such as the production and investment tax credits currently under evaluation by Congress.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial markets. The Company owns and operates facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a global chemical company in Baytown, Texas. LSB’s products are sold through distributors and directly to end customers primarily throughout the United States. Committed to improving the world by setting goals that will reduce our environmental impact on the planet and improve the quality of life for all of its people, the Company is well positioned to play a key role in the reduction of global carbon emissions through its planned carbon capture and sequestration, and zero carbon ammonia strategies. Additional information about LSB can be found on its website at www.lsbindustries.com.
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
About thyssenkrupp Uhde USA, LLC.
thyssenkrupp Uhde USA, based in Houston, Texas, is a leading engineering, procurement and construction services provider for the North American chemical and fertilizer industry. The company offers market leading technologies from thyssenkrupp Uhde, Germany together with local EPC competence from a single source and complete value chains for green and blue ammonia, methanol, SNG, nitrous oxide abatement, and more. Their purpose statement "We create a livable planet" reflects the ambition to be a driving force in the sustainable transformation of the global industrial landscape.
Forward-Looking Statements
Statements in this release that are not historical are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance including the effects of the COVID-19 pandemic and anticipated performance based on our growth and other strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or actual achievements to differ materially from the results, level of activity, performance or anticipated achievements expressed or implied by the forward-looking statements. Significant risks and uncertainties may relate to, but are not limited to, business and market disruptions related to the COVID-19 pandemic, market conditions and price volatility for our products and feedstocks, as well as global and regional economic downturns, including as a result of the COVID-19 pandemic, that adversely affect the demand for our end-use products; disruptions in production at our manufacturing facilities; our ability to complete the preferred stock exchange transaction on the terms disclosed or at all and other financial, economic, competitive, environmental, political, legal and regulatory factors. These and other risk factors are discussed in the Company’s filings with the Securities and Exchange Commission (SEC).
Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Unless otherwise required by applicable laws, we undertake no obligation to update or revise any forward-looking statements, whether because of new information or future developments.
Investor Contacts:
Fred Buonocore, CFA, Vice President of Investor Relations
(405) 510-3550
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
David Kimmel, Director of Communications
(405) 815-4645
This email address is being protected from spambots. You need JavaScript enabled to view it.
NORMAN, Okla.--(BUSINESS WIRE)--A large federal power marketing entity (Client) successfully joined the Western Energy Imbalance Market (WEIM) operated by the California Independent System Operator (CAISO), with a go-live date of May 3, by leveraging PCI’s state-of-the-art cloud technology platform.
PCI President and COO Javier Martin said PCI’s software and cloud infrastructure, along with a hard-working and determined team, facilitated delivery of this complex project in which the Client integrated its Federal Columbia River Power System with PCI’s WEIM solutions for its merchant and transmission workflows.
“This go-live marks the beginning of our long-term relationship with our Client in a new business context of being part of a wholesale imbalance market,” Martin said. “Participating in the Western EIM will help our Client optimize hydropower capacity and load service, providing operational and economic benefits for surplus power and savings on short-term purchases.”
In addition to this Client, six other neighboring balancing authorities updated their PCI transmission system configurations to accommodate interchange scheduling with the new WEIM participants. They are Tacoma Power (TPU), Puget Sound Energy (PSE), Avista (AVA), Arizona Public Service (APS), Salt River Project (SRP), and Public Service of New Mexico (PNM).
About Power Costs, Inc. (PCI)
PCI is the leading provider of energy trading software, superior customer support, and value-added services for energy companies worldwide. Founded in 1992, PCI continues to refine and develop new solutions that meet the ever-evolving needs of its clients, including investor-owned, municipal, and cooperative utilities, renewable energy companies, energy marketers and traders, and independent power producers. PCI optimizes more than half the power generated in North America, and more than 70% of Fortune 500 Utilities in the U.S. are PCI customers. The firm is privately held and based in Norman (OK), with regional offices in Houston (TX), Raleigh (NC), Mexico City, and Sydney (AUS). To learn more, visit powercosts.com.
Morgan Day
Power Costs, Inc. (PCI)
(405) 447-6933
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Exploration & Production Software Market Research Report by Operation (Off-shore and On-shore), Type, Deployment, 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 Exploration & Production Software Market size was estimated at USD 4,755.15 million in 2021, USD 5,350.07 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 12.68% to reach USD 9,737.19 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.
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 Exploration & Production Software 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 competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.
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. Increasing digitalization in the oil & gas and energy sectors
5.1.1.2. Growing exploration of unconventional gas resources
5.1.1.3. Surge in demand for liquid hydrocarbons in the Asia Pacific region
5.1.2. Restraints
5.1.2.1. High initial investment
5.1.3. Opportunities
5.1.3.1. Increasing government fundings to support the oil & gas and energy sector
5.1.3.2. Technological advancement in the exploration and production of software
5.1.4. Challenges
5.1.4.1. Lack of technical skill among consumers
5.2. Cumulative Impact of COVID-19
5.3. Cumulative Impact of 2022 Russia Ukraine Conflict
6. Exploration & Production Software Market, by Operation
6.1. Introduction
6.2. Off-shore
6.3. On-shore
7. Exploration & Production Software Market, by Type
7.1. Introduction
7.2. Navigation System
7.3. Performance Tracking
7.4. Reservoir Simulation
7.5. Resource Valuation
7.6. Risk Management Mapping
7.7. Seismic Amplitude Analysis
8. Exploration & Production Software Market, by Deployment
8.1. Introduction
8.2. Cloud-based
8.3. On-premise
9. Americas Exploration & Production Software Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Exploration & Production Software Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
11. Europe, Middle East & Africa Exploration & Production Software Market
11.1. Introduction
11.2. France
11.3. Germany
11.4. Italy
11.5. Netherlands
11.6. Qatar
11.7. Russia
11.8. Saudi Arabia
11.9. South Africa
11.10. Spain
11.11. United Arab Emirates
11.12. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.1.1. Quadrants
12.1.2. Business Strategy
12.1.3. Product Satisfaction
12.2. Market Ranking Analysis
12.3. Market Share Analysis, By Key Player
12.4. Competitive Scenario
12.4.1. Merger & Acquisition
12.4.2. Agreement, Collaboration, & Partnership
12.4.3. New Product Launch & Enhancement
12.4.4. Investment & Funding
12.4.5. Award, Recognition, & Expansion
13. Company Usability Profiles
For more information about this report visit https://www.researchandmarkets.com/r/hm4avp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles, in collaboration with Cal State Northridge’s (CSUN) Institute for Sustainability, The Los Angeles Coalition for the Economy & Jobs, and Santa Monica College announced their second annual series of webinars focused on aquaculture, called “Blue + Green 2022.” Pre-registration for the events is required and can be found here: https://altasea-project-blue.org/blue-green-2022/.
The series comprises four, one-hour webinars, scheduled on the first four Thursdays of June. The webinars will feature aquaculture and sustainability experts from some of the top colleges and research institutions in the world, as well as founders from some of the most innovative startup companies.
As defined by the National Oceanic and Atmospheric Administration (NOAA), aquaculture is “the breeding, rearing, and harvesting of fish, shellfish, algae, and other organisms in all types of water environments.” One of AltaSea’s tenants, Pacific6, holds the permit for the first offshore aquaculture facility in U.S. Federal waters.
“Our goal with this series is to shine a spotlight on the emerging aquaculture sector in the blue economy – an area that is important to the sustainability of our oceans,” said AltaSea CEO Terry Tamminen. “We’re pleased to partner with CSUN’s Institute for Sustainability and the Los Angeles Coalition for the Economy & Jobs to promote the incredible potential and importance of the aquaculture sector.”
Aquaculture and the supporting technologies bring together many key ingredients, including the future growth opportunities that support coastal ecosystems, the economy, jobs, and the local communities. This webinar series reimagines partnerships between business, government, universities, and communities through regenerative ocean research, exploration, and equity-based economic development.
“This year, we are particularly excited to highlight Indigenous aquaculture practices and tribal food sovereignty initiatives,” said Natale Zappia, Director of the CSUN Institute for Sustainability.
“Our planet’s oceans have the answers to some of mankind’s most perplexing challenges, but it will take a workforce with a 21st century skill set and the right mindset to explore and harness the unlimited resources it offers,” said Michael Kelly, Executive Director at The Los Angeles Coalition. “The good news is this ‘Blue Economy,’ which includes aquaculture, algae fuels, and robotic exploration of the unmapped depths, is growing right here in Southern California, creating not only good middle-class jobs, but opportunities for Angelenos to help drive a more sustainable future for all of us.”
“Training a workforce to do the crucial jobs needed in this growing industry is exciting and fulfilling because it provides well-paying careers to those who also want to make a difference,” said Ferris Kawar, SMC’s Sustainability Project Manager.
The series is being sponsored by AltaSea at the Port of Los Angeles, The Los Angeles Coalition for the Economy & Jobs, Santa Monica College, and CSUN’s Institute for Sustainability. The webinars include:
Thursday, June 2: Seaweed Startups: Growing a Crop-Based Business
Panelists:
Moderator: Ann Carpenter, founder and CEO of Braid Theory, a vertically integrated venture advisory.
Thursday, June 9: Traditional Knowledge in Regenerative Aquaculture
Panelists:
Moderator: Nat Zappia, Institute for Sustainability, CSUN
Thursday, June 16: Aquafarming Jobs of the Future: Building a Regenerative Farming Workforce
Panelists:
Moderator: Michael H. Kelly, Executive Director, The Los Angeles Coalition for the Economy & Jobs
Thursday, June 23: Sea Through the Weeds: Navigating the Policies and Politics of Offshore Seaweed Farming in CA
Panelists:
Moderator: Wendy Greuel, Former Controller, City of Los Angeles.
EDITOR’S NOTE: Please note that the final list of speakers is still being finalized. The most up-to-date list of moderators and panelists, along with their bios, can be found here.
About AltaSea at the Port of Los Angeles
AltaSea at the Port of Los Angeles, located on 35 acres at North America’s leading seaport by both container volume and cargo value, is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world.
For more information on AltaSea, please see our website: https://altasea.org.
About California State University, Northridge, Institute for Sustainability
Founded in 2008, the Institute for Sustainability works with stakeholders across campus to integrate sustainability into all aspects of the university from operations and infrastructure to outreach, education, and research. The Institute serves all the colleges of the university, working to increase interdisciplinary and cross-functional communication, education, and research on sustainability.
About The Los Angeles Coalition for the Economy & Jobs
The L.A. Coalition brings together leaders from business, labor, academia, and nonprofits to advance initiatives that generate economic growth, create quality jobs and a skilled workforce, and improve the region's overall quality of life.
About Santa Monica College
Santa Monica College is a California Community College accredited by the Accrediting Commission for Community and Junior Colleges (ACCJC) of the Western Association of Schools and Colleges (WASC). For 31 consecutive years, SMC has been California’s leading transfer college to UCLA, UC Berkeley, and other University of California campuses. The college also tops in transfers to the University of Southern California and Loyola Marymount University and is the top feeder west of the Mississippi to the Ivy League Columbia University. More than 110 career training degrees and certificates at SMC—in fields ranging from the traditional (Accounting, Early Childhood Education, Nursing) to the emerging (Sustainable Technologies, Technical Theatre, and a baccalaureate degree in Interaction Design)—offer professional preparation for students interested in directly entering the job market, transferring to a four-year school, or upgrading specific skills. SMC provides news and cultural enrichment through its NPR radio station KCRW (89.9 FM), the Broad Stage at the SMC Performing Arts Center, and lifelong learning through distinctive programs such as its Emeritus Program for older adults.
Jacob Scott
This email address is being protected from spambots. You need JavaScript enabled to view it.
Award supports Eden’s development of Electrical Reservoir Stimulation (ERS) technology to improve renewable geothermal power generation efficiency, save water, and unlock 100+ GWe baseload power potential of Enhanced Geothermal Systems (EGS)
Sub-Recipients on Award:
Massachusetts Institute of Technology (MIT) and Idaho National Laboratory (INL)
SOMERVILLE, Mass.--(BUSINESS WIRE)--Eden, a geoscience technology development company, announced today that it has been selected to receive $3,796,672 in federal funding from the U.S. Department of Energy Advanced Research Projects Agency-Energy (ARPA-E) for a project titled “Electro-Hydraulic Fracturing of Enhanced Geothermal Systems.” The funding is part of the ARPA-E OPEN 2021 program, which prioritizes funding technologies that support novel approaches to clean energy challenges. Eden will develop a novel electromagnetic reservoir stimulation technology to access a larger reservoir volume to maximize heat recovery from geothermal systems, while saving billions of gallons of water when compared to traditional hydraulic fracturing methods.
“Successful stimulation of next generation geothermal reservoirs will be necessary to improve heat transfer efficiency and drastically increase power generation,” said Paris Smalls, CEO and Co-founder of Eden, and Lead Principal Investigator (PI) for the ARPA-E OPEN 2021 award. “Current hydraulic fracturing techniques, which had tremendous success in the oil and gas industry, have been mostly unsuccessful in stimulating geothermal reservoirs due to the extreme pressure and temperature conditions downhole. We are developing a radically different approach to reservoir stimulation, which utilizes high-voltage electricity as the main mechanism to increase reservoir permeability. This technology complements recent innovations in geothermal reservoir drilling, since drilled wells will need to be successfully stimulated to achieve maximum net power output per well.”
Eden’s ARPA-E OPEN 2021 award will be supported by world class researchers in the MIT Earth Resources Laboratory (MIT-ERL), MIT Civil and Environmental Engineering Department (MIT-CEE) MIT Plasma Science and Fusion Center (MIT-PSFC), and Idaho National Laboratory (INL). These institutions will assist with efforts to study the ERS technology in the lab and numerical model environments and develop custom power equipment for field demonstrations of the technology.
“In this project, I will develop a new module within the INL MOOSE-based FALCON simulator to numerically model electrical stimulation so that we can explicitly simulate the whole processes of the proposed technology and predict the amount of heat energy we can tap from the subsurface,” said Dr. Wencheng Jin, Research Scientist at INL and Co-PI of the project. “I'm excited to be part of the Eden-MIT-INL team on this gamechanging technology for Enhanced Geothermal Systems.”
“I'm excited to be working with Eden and the rest of the team on a potentially revolutionary technology for Enhanced Geothermal Systems power generation and to use my pulsed-power expertise to tackle a new challenge.,” said Dr. Jack Hare, Assistant Professor of Nuclear Science and Engineering at MIT and Research Scientist on the project.
“It’s an exciting moment to see a doctoral student rise to this level of success as a researcher and entrepreneur, taking his research from the lab to the real world”, said Dr. Herbert Einstein, Professor at MIT-CEE, PhD advisor of Paris Smalls, and Co-PI on the project.
Successful development of the technology will be essential to global renewable electrification efforts and 2050 net-zero decarbonization goals.
“In my home country of Saudi Arabia, continental rifting along the Red Sea has created volcanic “Harratsi” that are accessible for power grade geothermal energy production.,” said Eden Co-founder Ammar Alali. “Our new stimulation technology has widespread implications to meet decarbonization goals in the United States as well as my home in the MENA region.”
ABOUT EDEN
Eden GeoPower Inc. (“Eden”) is developing a novel “Electrical Reservoir Stimulation” technology to increase subsurface permeability with minimal environmental impact. Market applications include geothermal heat recovery, increased fracture volume for in-situ mining, increased CO2 injectivity during carbon sequestration, and other subsurface applications. Eden is headquartered at Greentown Labs in Somerville, MA, the largest clean technology incubator in North America. The company is supported by Good Growth Capital, Ameren, NSF-SBIR, and DOE ARPA-E. For more information, visit www.edengeopower.com.
ABOUT IDAHO NATIONAL LABORATORY
Idaho National Laboratory developed the Multiphysics Object-Oriented Simulation Environment (MOOSE) numerical framework to enable simulation of coupled multiphysics problems in an integrated manner. FALCON (Fracturing And Liquid CONvection) is the MOOSE-based software that simulates coupled processes in the subsurface. FALCON is the reference simulator used at Utah FORGE, the DOE underground field laboratory for testing novel Enhanced Geothermal Systems technologies.
Battelle Energy Alliance manages INL for the U.S. Department of Energy’s Office of Nuclear Energy. INL is the nation’s center for nuclear energy research and development, and also performs research in each of DOE’s strategic goal areas: energy, national security, science and the environment. For more information, visit www.inl.gov.
ABOUT ARPA-E
Since its founding in 2009, ARPA-E has provided $2.93 billion in R&D funding, and ARPA-E projects have attracted more than $7.6 billion in private sector follow-on funding to commercialize clean energy technologies and create sustainable clean energy jobs. Previous ARPA-E awardees have also gone on to achieve breakthroughs in commercializing a variety of energy solutions, including in the development of transformative solar, geothermal, batteries, biofuels and advanced surface coating technologies. Learn more at https://arpa-e.energy.gov/open-2021.
i The Harrat comprises volcanic fields formed by tectonic activity from the Oligocene through to the Quaternary period. It is the largest of several volcanic fields on the Arabian Plate, containing more than 800 volcanic cones and around 140 dikes. It is known to have erupted in historic times. Source
Media contact: Julie Smith-Galvin, 781-606-1233, This email address is being protected from spambots. You need JavaScript enabled to view it.
Awards Honor Fleets, Operations, and Individuals for Achievements in Safety, Efficiency, Performance, Sustainability, and Innovation
SAN FRANCISCO--(BUSINESS WIRE)--#SamsaraConnectedOperations--Samsara Inc. (NYSE: IOT), the pioneer of the Connected Operations Cloud, today announced the winners of its 2022 Connected Operations Awards. This year, Samsara expanded its awards program to honor fleets, operations, and individuals for their achievements in safety, efficiency, performance, sustainability, and innovation. The 2022 Samsara Connected Operations Award winners stand apart as leaders and innovators among their peers and within their communities.
“Samsara customers keep the world moving. The Samsara 2022 Connected Operations Awards winners have made great strides in improving their operations and the lives of employees and the people they serve,” said Robert Stobaugh, Chief Customer Officer of Samsara. “We’re excited to recognize their outstanding accomplishments and support them as they continue to digitally transform their operations.”
Safest Operator: Chalk Mountain Services
This award celebrates an organization that protects employees, prevents incidents, and safeguards the communities it serves. The 2022 Safest Operator Award winner, Chalk Mountain Services, a leader in the oilfield services industry, built a safety program that positively engages drivers and delivers powerful results. Using Samsara’s video-based safety solutions, Chalk Mountain transformed how it rewards, coaches, and protects drivers. The organization improved its Compliance, Safety, and Accountability (CSA) scores and achieved a record milestone of over 20 million miles driven without a Department of Transportation (DOT)-recordable preventable accident. It also saw an 86% decrease in preventable accident costs, a 43% decrease in worker’s compensation costs, and a 15% improvement in driver retention.
Excellence in Efficiency: Southern California Edison
This award celebrates an organization achieving exceptional gains in operational efficiency. The 2022 Excellence in Efficiency Award winner, Southern California Edison (SCE), one of the largest public utility companies in California, built an impressive maintenance system that drives efficiency across its vast operations, saves countless hours, and keeps drivers safe. Using Samsara’s Vehicle Gateways, SCE digitized maintenance processes and streamlined communications by creating a dedicated alert for Driver Vehicle Inspection Report (DVIR) and Diagnostic Trouble Code (DTC) issues. As a result, mechanics are now spending more time working on their vehicles and less time managing paperwork and requests.
Most Sustainable Operations: Summit Materials (NYSE: SUM)
This award celebrates an organization leading the charge on building greener and cleaner operations. The 2022 Most Sustainable Operations Award winner, Summit Materials, a leader in construction materials with operations in the United States and Canada, is raising the bar in its industry by setting and making great progress on its sustainability goals. Summit Materials strives to be the most socially responsible integrated construction materials company and has a goal to achieve net-zero emissions by 2050. With Samsara’s advanced fuel data and reporting, Summit Materials was able to get a more unified picture of its operations and set meaningful targets. Summit Materials can track fuel usage, idling time, and emissions, rather than tracking fuel purchased, as it had with a previous provider. As a result of greater visibility on vehicle performance, reduced idle time, and improved fuel efficiency, Summit Materials is targeting savings of approximately $1 million per year.
Operations Innovator: Liberty Energy (NYSE: LBRT)
This award celebrates an organization improving performance by connecting data and technology. The 2022 Operations Innovator award winner, Liberty Energy, a leading North American oilfield services firm, is looking to reshape the future of hydraulic fracturing through its innovative use of technology, increasing safety, efficiency, and sustainability in complex work environments. To ensure employee safety while operating in remote locations, Liberty Energy uses Samsara’s AI Dash Cams and coaching workflows to improve visibility in the cab and keep drivers safe. As a result, it reduced its motor vehicle accident rate by 50%. Dash cam footage also helped the organization exonerate drivers in 50% of reportable incidents that same year. Further, Liberty Energy relied on Samsara to connect and manage multiple disparate systems—from tax and payroll to maintenance and dispatching to load planning. By implementing custom integrations with Samsara’s open API, Liberty Energy saved over 10,000 hours and $300,000 in administrative costs per year. It also created a custom integration with its tax service provider and expects to save $10 million per year due to the accuracy of Samsara’s real-time location tracking.
Digital Transformation of the Year: Artera
This award celebrates an organization using technology to drive significant changes throughout its business. The 2022 Digital Transformation of the Year award winner, Artera, a leading provider of integrated essential and critical infrastructure services, consolidated distributed data and drove a number of efficiency and safety improvements. With Samsara’s Connected Operations Cloud, Artera right-sized its fleet, which drove savings of over $1 million. The organization was able to reduce its rental fleet by 10% last year and reallocate underutilized assets across its operating companies. Further, centralizing information systems helped Artera scale safety best practices and ensure every business unit was effectively coaching driving behavior with customized approaches. As a result, Artera decreased its Preventable Motor Vehicle Incident Rate (PVMI) by 25% in the first year and has seen a more than 40% decrease, year to date.
Excellence in Performance, Public Sector: City of Orlando and Clayton County Public Schools
This award celebrates an organization driving change for citizens and communities. Samsara recognizes two award winners for 2022, one for cities and one for K-12 schools: the City of Orlando and Clayton County Public Schools.
The City of Orlando provides services for over 315,000 residents. As part of its plans to become a Future Ready City, the City of Orlando had committed to the sustainability goal of using 100% alternatively fueled vehicles by 2030. By installing Samsara across the vast majority of its 2,800 vehicle and equipment inventory, the City of Orlando now has full visibility into the status of its fleet. Now, the City can easily identify which vehicles should be replaced with electric vehicles (EVs). It also uses Samsara routing data to identify where to place charging stations to ensure that EVs have the power and range they need to conduct daily services. The City of Orlando plans to use Samsara to transition more of its fleet to EVs. Today, 91% of its fleet is powered using alternative fuels, up from 85%—this puts the City of Orlando right on track to hit its goal.
Clayton County Public Schools is the fifth-largest school district in Georgia, serving over 52,000 students throughout 65 schools and over 350 bus routes. Before Samsara, the school district had inconsistent data on bus delays and was overwhelmed with calls from parents seeking answers about bus locations. Using Samsara’s Fleet Tracking GPS solution, Clayton County now has the data to pinpoint a school bus in real time. If a bus delay occurs, parents have visibility into where the bus is located and the estimated time of arrival. As a result, Clayton County reduced parent call volume by 50%. Samsara also helped Clayton County accelerate response rates for events such as bus breakdowns and student-related emergencies.
Technology Leader of the Year: Nathan Slemmons, Univar Solutions (NYSE: UNVR)
This award celebrates an individual who has embraced technology to transform their operations. The 2022 Technology Leader of the Year award winner, Nathan Slemmons, helped Univar Solutions transform into a more nimble and innovative company. Slemmons is a Senior IT Analyst at Univar Solutions, a leading global commodity and specialty chemical and ingredient distributor and provider of value-added services. Slemmons is responsible for enabling the transportation unit, from implementing and improving the telematics system, to managing integrations and enhancements, to pulling data and reporting. He helped Univar Solutions bring more robust reporting, integrations, and technological sophistication, which supported deeper customer relationships. Slemmons successfully rolled out Samsara solutions to 900 drivers, 300 administrators, and over 1,000 vehicles in only five months. Since then, the organization has seen a reduction in service visit points for technical hardware issues and a reduced service-level agreement time with its service provider.
Driver of the Year: Jaime Herrera, All Aboard America!
This award celebrates an individual with an exemplary driving record. The 2022 Driver of the Year Award winner, Jaime Herrera, cares deeply about providing an excellent experience and takes his responsibility for passenger safety seriously. Herrera is a driver for All Aboard America!, the fourth-largest motorcoach operator in the U.S. Safety is ingrained into its culture, and Herrera deeply embodies this value. With a goal of continuous improvement, the organization effectively coaches safe driving behavior with the help of Samsara AI Dash Cams. Herrera is an advocate for Samsara Dash Cams and consistently promotes their use to his peers. Through regular coaching sessions and practice, Herrera reduced speeding incidents by 100% in 2021. When he’s behind the wheel, passengers feel confident that they will be transported safely to their destination.
To learn more about the 2022 Connected Operations Awards, please visit www.samsara.com.
About Samsara
Samsara is the pioneer of the Connected Operations Cloud, which allows businesses that depend on physical operations to harness IoT (Internet of Things) data to develop actionable business insights and improve their operations. Samsara operates in North America and Europe and serves tens of thousands of customers across a wide range of industries including transportation, wholesale and retail trade, construction, field services, logistics, utilities and energy, government, healthcare and education, manufacturing, and food and beverage. The company's mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.
Samsara is a registered trademark of Samsara Inc. All other brand names, product names or trademarks belong to their respective holders.
Stephanie Burke
This email address is being protected from spambots. You need JavaScript enabled to view it.
The industry leader in next-gen ultrafast charging and energy management solutions cements its place at the nexus of innovation and execution
NEWARK, Calif.--(BUSINESS WIRE)--On Tuesday, FreeWire Technologies Inc. showcased its new Global Headquarters, R&D, and Manufacturing Facility in Newark, CA. The event provided an inside look at the company’s new 66,000-square-foot facility to accelerate the development and introduction of new ultrafast charging and energy storage solutions while delivering hundreds of high-quality manufacturing and engineering jobs across the community.
“FreeWire has had a year of robust demand, and with this $20 million investment in our new facility, we are well-positioned for scale,” said Arcady Sosinov, FreeWire’s Founder and CEO. “As state and federal policymakers set ambitious and necessary electrification goals to foster an electrified future, FreeWire, and our technology stand ready to meet this moment with the urgency and innovation it demands.”
The new facility will create more than 200 well-paying engineering and manufacturing jobs in electrification and clean energy across the community. The facility will be fully operational by Fall 2022, putting FreeWire at the center of the San Francisco Bay Area’s transportation technology hub.
“This is a win-win-win for the environment, local communities, and our economy,” continued Sosinov, “We’re tremendously thankful for our world-class team, supportive investors, and local and federal officials that appreciate the solution we bring to bear.”
FreeWire is investing and expanding U.S. operations, driven by policies enacted in the Bipartisan Infrastructure Law last November. The Newark facility boasts an impressive footprint and will focus on manufacturing and scaling FreeWire’s Buy America-compliant battery-integrated EV charging equipment as well as research and development to support the company’s robust product roadmap.
“Freewire’s innovative EV charging technology fills an important gap in the market and will help make it possible for electric vehicles to go mainstream,” added David Hochschild, Chairman of the California Energy Commission (CEC).
Earlier this month, FreeWire unveiled its next-generation charger —the Boost Charger 200– which offers impressive performance and a battery-integrated design that allows seamless connection to existing infrastructure without burdensome construction costs and permitting restraints.
FreeWire continues to disrupt the EV charging market with its Boost Charger, recently showcased as a finalist in Fast Company’s 2022 World Changing Ideas Awards’ Transportation Category.
As FreeWire leads the way in battery-integrated EV charging, investors have also taken note. Last month, FreeWire raised an additional $125 million in new capital from investors, including asset manager BlackRock Inc.
About FreeWire Technologies
Founded in 2014, FreeWire Technologies is the leading manufacturer of battery-integrated EV charging stations and power solutions in the U.S. The Company’s fully-integrated Boost ChargerTM plugs into existing and ubiquitous low-voltage utility service and delivers high-power charging in areas that typically require extensive grid upgrades. The Boost Charger’s combination of proprietary battery and power conversion technology enables ultrafast EV charging at all locations, freeing customers from the costs of providing fast charging using power directly from the electric grid. FreeWire has deployed battery-integrated chargers with Fortune 100 companies, commercial customers, fleets, retail locations, and gas stations across the U.S. and has partnered with bp pulse to deploy Boost Charger in its operations across the UK.
Daniel Zotos, Director of Communications
(617) 448-7497 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) will hold its 2022 Annual Meeting of Shareholders on Friday, June 10, 2022 at 9:30 a.m. Central Time.
The Annual Meeting will be held at Hilton Dallas Lincoln Centre, Lakeside Ballroom, 5410 LBJ Freeway, Dallas, Texas 75240. A continental breakfast will be provided beginning at 8:30 a.m. Central Time to provide shareholders the opportunity to socialize with directors, management and senior staff prior to the meeting.
The Annual Meeting will be webcast live. To access the live webcast, you can use the following link https://onlinexperiences.com/Launch/QReg/ShowUUID=19F39F3D-6AB8-49A1-AF99-12F56D145686 or visit the Events page located under the Investor Relations tab on Matador’s website at www.matadorresources.com.
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Mac Schmitz
Vice President – Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
(972) 371-5225
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.