WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center network, is once again supporting the St. Christopher Truckers Relief Fund, or SCF, with its annual Round Up campaign. From July 1, 2022, to September 1, guests at participating TA, Petro and TA Express locations will have the opportunity to round up their purchase to the nearest dollar, with the difference being donated directly to SCF to help support truck drivers in need of assistance because injury or illness has taken them off the road within the last year.
“Providing support for the hardworking men and women who keep our country moving has always been a top priority for everyone at TA,” said Jon Pertchik, Chief Executive Officer of TA. “While TA can provide truckers with everything they need when they are on the road, it is the amazing team at SCF that helps them when they are sidelined and cannot be on the road.”
TA has been supporting SCF since 2010, raising more than $3 million dollars through campaigns and initiatives, including the Round Up campaign, which is now in its third year. Funds raised by SCF help professional drivers who find themselves in need of assistance while out of work due to a medical issue. In addition, SCF offers several other benefits for the driver community, including tobacco cessation programs, health and wellness guidance and free vaccines.
“We are so grateful for the longstanding relationship with the team at TravelCenters of America and for all the support they have given us over the past 12 years,” said Shannon Currier, Director of Philanthropy at SCF. “Drivers both at home and on the road need our support and the support of our amazing partners and sponsors.”
*The promotion is not applicable in Alabama and South Carolina.
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in 276 locations in 44 states, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, and leverages alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
About SCF: www.truckersfund.org
The St. Christopher Truckers Relief Fund (SCF) helps over-the-road semi-truck drivers and their families who are out of work due to a recent illness or injury. Assistance may be in the form of direct payment to providers for household living expenses such as rent/mortgage, utilities, vehicle payments, and insurance. The SCF also provides health and wellness programs such as diabetes prevention and smoking cessation. For more information, visit TruckersFund.org.
Tina Arundel
TravelCenters of America
440-250-4758
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MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, today announced it has won the Energy & Sustainability 2022 Microsoft Partner of the Year Award. Schneider was honored among a global field of top Microsoft partners for its innovative EcoStruxure™ software solutions provided to customers that were powered by Microsoft technology, including Azure Cloud and Dynamics 365.
The Microsoft Partner of the Year Awards recognize Microsoft partners that have developed and delivered outstanding Microsoft-based applications, services and devices during the past year. Out of over 3,900 submissions from more than 100 countries across various categories, Schneider Electric was recognized for providing outstanding solutions and services in energy and sustainability.
In 2021, Schneider’s EcoStruxure solutions helped customers reduce their carbon emissions by 84 million tonnes which amount to 347 million tonnes saved or avoided since 2018. These solutions are powered by the most advanced evolution of Microsoft Azure, helping customers achieve their energy and sustainability objectives through the power of electric and digital solutions.
Olivier Blum, Executive Vice-President Energy Management at Schneider Electric, said “Receiving the 2022 Microsoft Energy & Sustainability Partner of the Year Award is a great recognition of the collaborative impact we are making together, to tackle climate change. We are at a critical juncture. Unless immediate action is taken to reduce emissions, we will shortly pass the point of no return. Companies are central to avoiding this; however, alone the impact will not be enough. That is why collaborations such as the one between Schneider and Microsoft are needed to supercharge innovation efforts and create the technology which can turn the tide.”
Customers Schneider Electric has empowered, together with Microsoft, by delivering outstanding solutions and services include:
Leading ESG by example in its ecosystem, Schneider Electric leveraged digital and electric technology in its own buildings:
Schneider Electric and Microsoft have been working together for more than 30 years. The longevity and success continue to be fueled by a shared vision for energy efficiency and sustainability. The ability to accelerate progress comes from the unique expertise that both Microsoft and Schneider can bring, but it is the collaboration that will take sustainability efforts the extra mile.
“I am honored to announce Schneider Electric as the 2022 Microsoft Energy & Sustainability Partner,” said Nick Parker, Corporate Vice President of Global Partner Solutions at Microsoft. “Schneider Electric were outstanding among the exceptional pool of nominees. We were extraordinarily impressed by the innovative use of Microsoft Cloud technologies as part of its EcoStruxure™ software solutions.”
Additional details on the 2022 awards are available HERE.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, 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.
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Hashtags: #PressRelease #EnergyManagement #Software #Sustainability #News
Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
GENEVA--(BUSINESS WIRE)--The Middle Eastern division of media group Consultancy.org announced that dss+ has been ranked as a top consulting firm for Lean / Six Sigma consulting capabilities, as well as a top expert in the chemicals industry, earning a Diamond Level ranking in each respectively. dss+ was one of three companies out of more than 200 to be named as a top consulting firm for Operational Excellence services.
The rankings were based on interviews with thousands of executives, consultants and graduates, as well as on assessments of firm capabilities, reputation, analyst benchmarks, industry recognitions and thought leadership.
The firm also achieved six platinum awards – the second highest recognition tier – for their operations, process management, ESG and sustainability capabilities, as well as their expertise in the mining and agricultural sectors.
“I am extremely proud of our team in the Middle East, and the value that they have delivered to clients to merit such a high ranking for Operational Excellence and a range of other services,” said Cedric Parentelli, Managing Director for Europe, Middle East and Africa at dss+. “Their work is intrinsically linked to our core purpose: transforming industries by helping our clients to operate in a smarter, safer, and in a more sustainable manner. To be recognised by the Consultancy.org organisation is an honour.”
Having been active in the region for more than 20 years, dss+ has worked with over 60 clients since 2018 across public utility, oil and gas, chemicals and manufacturing industries. Their Operational Excellence work in the region includes projects with large utilities such as Saudi Arabia’s Saline Water Conversion Corporation (SWCC), where dss⁺ operational excellence transformation enabled an increase in water production by 1.4 million m3 per day, without capital input.
To learn more about how dss⁺ supports clients across the Middle East to transform their operations, please visit https://www.consultdss.com/operations-consulting/.
###
About dss+
dss+ is a leading provider of operations management consulting services with a purpose of saving lives and creating a sustainable future. dss+ enables organizations to build organisational and human capabilities, manage risk, improve operations, achieve sustainability goals and operate more responsibly.
Martin Slabbert
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Bin Zayed Petroleum for Investment Ltd, one of the foremost global companies with broad petroleum experience, will market and distribute SDP’s patented Drill-N-Ream® wellbore conditioning system to key end markets in the Middle East and North Africa
Exclusive agreement provides for Bin Zayed Petroleum to purchase approximately $13 million of Drill-N-Reams for the Middle East
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced that its subsidiary, Hard Rock Solutions, LLC, has entered into an exclusive channel partner and distribution agreement with Bin Zayed Petroleum for Investment Limited (Bin Zayed Petroleum), a Seychelles registered company. The agreement covers the full range of sizes of SDP’s patented Drill-N-Ream® (DNR) wellbore conditioning system for the Middle East/North Africa (MENA) regions and will remain in effect subject to the performance and revenue sharing targets being met during the term of the agreement.
“We believe this relationship further validates the capabilities of our technology, and we are thrilled to be teaming up with the experienced Bin Zayed Petroleum team,” commented Troy Meier, Chairman and Chief Executive Officer of SDP. “We have demonstrated the value that our DNR provides at the well site, but given our limited resources, our market reach has been limited, especially as COVID-related restrictions limited travel and customer access. This new partnership provides the DNR and importantly, our Superior Drilling Products brand, significantly more exposure throughout the Middle East and North African regions. We expect this will accelerate adoption rates of the technology as we improve the availability of, and access to, the DNR.”
The agreement provides that Bin Zayed Petroleum will purchase DNR tools from the Company and the Company will repair and maintain the purchased tools at an agreed repair price per tool.
Bin Zayed Petroleum will purchase approximately $13 million of DNRs in quarterly stages over the next twelve months subject to certain conditions that will be evaluated with each purchase tranche. The initial tranche of purchased inventory of approximately $4 million was effective with the execution of the Agreement. Market penetration expectations are still being determined and will be adjusted on a yearly basis.
Edward Envia, Chief Operating Officer, Bin Zayed Petroleum added, “We are excited to partner with SDP and add their advanced drilling solution to our product and service offerings. We believe there is significant demand for the DNR, and expect customers to adopt the technology quickly as we leverage our well-established sales and marketing teams, and broad customer relationships.”
The DNR is a unique reaming assembly technology that increases the drift diameter as it conditions the wellbore during the drilling process, eliminating the requirement for a dedicated reaming run. The MENA countries covered by the new exclusive agreement consist of: Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates and Yemen.
Mr. Meier concluded, “Like our distribution agreement in North America, this is an excellent sales model distribution relationship that will now exist in these key end markets. We believe this agreement enhances our ability to expand globally and, importantly, monetizes a portion of our current fleet of DNR inventory that was established for the Middle East.”
The revenue associated with the initial inventory purchase will be recognized in the third quarter of 2022.
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® wellbore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.
Additional information about the Company can be found at: www.sdpi.com.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this release, including, without limitations, the success of the distribution partnership in the MENA region, the timing and value of any tool purchases, the ability to increase market penetration of the DNR, the technical capabilities of the DNR, the increase in market exposure in the Middle East, and the rate of adoption of the DNR tool are forward-looking statements. The use of words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project”, “forecast,” “should” or “plan, and similar expressions are intended to identify forward-looking statements, although not all forward -looking statements contain such identifying words. These statements reflect the beliefs and expectations of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the duration of the COVID-19 pandemic and related impact on the oil and natural gas industry, the effectiveness of success at expansion in the Middle East, options available for market channels in North America, the deferral of the commercialization of the Strider technology, the success of the Company’s business strategy and prospects for growth; the market success of the Company’s specialized tools, effectiveness of its sales efforts, its cash flow and liquidity; financial projections and actual operating results; the amount, nature and timing of capital expenditures; the availability and terms of capital; competition and government regulations; and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the Company’s plans and described herein. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
For more information, contact investor relations:
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced it has extended its previously announced offer to exercise (the “Offer to Exercise”) 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock) until 11:59 p.m. (Eastern Time), on July 15, 2022, unless further extended or terminated. The Offer to Exercise was previously scheduled to expire at 11:59 p.m. (Eastern Time), on June 28, 2022. As of June 28, 2022, 72,201 Series A Warrants have been tendered and not withdrawn.
Except for the extension of the expiration date, all of the material terms and conditions set forth in the Offer to Exercise and the other offering materials for the Series A Warrants tender offer remain unchanged.
No Offer or Solicitation
This announcement is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Additional Information
The discussion of the Offer to Exercise contained in this press release is for informational purposes only and is neither an offer to buy nor a solicitation of an offer to sell securities. Holders of the Corporation’s outstanding Series A Warrants should read those materials and the documents in the Tender Offer Statement on Schedule TO-I filed with the SEC carefully because they contain important information, including the various terms and conditions of the tender offer. The Tender Offer Statement, including the Offer to Exercise and other related materials, are also available to Warrant holders at no charge on the SEC’s website at www.sec.gov or from the Corporation. Holders of the Corporation’s Series A Warrants are urged to read those materials carefully prior to making any decisions with respect to the tender offer.
A registration statement and prospectus supplement thereto relating to the exercise of the Series A Warrants in the Offer have been filed with the SEC. Copies of the prospectus supplement relating to the exercise of the Series A Warrants, together with the accompanying base prospectus included in the registration statement, may be obtained from the SEC at http://www.sec.gov, or from the Corporation at 726 Bell Avenue, Suite 301, Carnegie, PA 15106; Telephone: (412) 456-4470.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, and Slovenia and participates in three operating joint ventures located in China. It has sales offices in North America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by us or on behalf of the Corporation. This press release may include, but is not limited to, statements about the Corporation’s ability to complete the Offer; operating performance, trends and events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses, inflation, the global supply chain, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Act and words such as “may,” “will,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to cyclical demand for products and economic downturns; excess global capacity in the steel industry; fluctuations of the value of the U.S. dollar relative to other currencies; increases in commodity prices, reductions in electricity and natural gas supply or shortages of key production materials; limitations in availability of capital to fund our operations and strategic plan; inability to maintain adequate liquidity in order to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations; inability to obtain necessary capital or financing on satisfactory terms in order to acquire capital expenditures that may be required to support our growth strategy; inoperability of certain equipment on which we rely; liability of our subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of our subsidiaries; changes in the existing regulatory environment; inability to successfully restructure our operations; consequences of global pandemics (including COVID-19); work stoppage or another industrial action on the part of any of our unions; inability to satisfy the continued listing requirements of the New York Stock Exchange or the NYSE American Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; failure to maintain an effective system of internal controls; disruptions caused by hostilities, including any disruptions caused by the hostilities in Ukraine; and those discussed more fully elsewhere in this report and in documents filed with the Securities and Exchange Commission by the Corporation, particularly in Item 1A, Risk Factors, in Part I of the Corporation’s latest Annual Report on Form 10-K, and Part II of the latest Quarterly Report on Form 10-Q. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Michael G. McAuley
Senior Vice President, Chief Financial Officer and Treasurer
(412) 429-2472
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Adept Ranks #1 in Usability, Implementation, Support, Adoption and Relationship in G2’s Summer 2022 Reports
QUAKERTOWN, Pa.--(BUSINESS WIRE)--#ECM--Synergis Software, a global leader in engineering document management and workflow solutions, today announced that Synergis Adept has earned over 40 #1 rankings in G2’s Summer 2022 Grid Reports. These first-place rankings cross over four categories: Enterprise Content Management, Product Data Management, Construction Management, and Construction Drawing Management.
"The G2 reports highlight Adept’s advantages customers value most---usability, fast and easy implementation, responsive support, high user adoption, and a partner that is easy to do business with,” says Scott Lamond, vice president of marketing at Synergis Software. “Thanks to our customers, Adept has maintained these top placements for eight consecutive quarters. We are truly grateful for the trust and loyalty of our remarkable global community.”
A consistent theme throughout the summer reviews is Adept’s flexibility and ease of use, searching, and configuration. Customers also value Adept’s unique vaulting methodology, which doesn’t move or scramble files in a proprietary database and its reliable, centralized platform that delivers fast access to drawings documents in a secure environment from anywhere.
Quotes from Verified Users about Synergis Adept
“The product is very good but any product that is not well supported is useless. Synergis has the BEST support service I have ever seen in the software industry.”
Howard Shapiro, Automation Project Manager, Novozymes North America
“Adept is a straightforward, feature rich system. The document vault uses the file names, not some crazy hashed out naming scheme like so many other systems. Tech support is top notch!”
Brian Cranston, CAD Designer/Administrator, LSI Industries
“Adept is our central engineering drawing repository for equipment across all of our plants. The system allows engineers to enter, revise, and store the most recent documentation, while also having the ability to view past revisions. It provides view and print capabilities of up-to-date prints to personnel in maintenance, operations, and purchasing.”
Emily McCarty, Project Engineering Specialist, Timken Steel
The G2 reports are based on direct customer response combined with G2’s unique algorithm that calculates customer satisfaction and market presence scores in real-time.
The G2 Summer 2022 badges for Synergis Adept include:
For more details about Adept in the G2 Spring 2022 Reports, visit our website.
About Synergis Software
Synergis Software is a global leader in document management and workflow solutions and is the creator of Synergis Adept software. Adept serves more than 120,000 users across dozens of industries providing fast, centralized access to design and business documents in a secure, collaborative environment. Adept Integrator connects your enterprise applications so data and business processes flow seamlessly across the entire IT infrastructure.
Synergis was named the customer service leader in the global engineering information management market by Frost & Sullivan and ranked in the Top 5 globally by Helpdesk International for three consecutive years.
Adept has been proven by engineers for over 30 years with customers such as Dow Chemical, Con Edison, General Mills, Merck, NASA, and Nucor Steel.
For more information, visit SynergisSoftware.com.
About G2 Crowd
G2 is the world’s largest and most trusted tech marketplace where people can discover, review, and manage the software they need to reach their potential. More than 3M people visit G2 to read and write reviews about thousands of software products and services.
Scott Lamond
Vice President of Marketing
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 215-302-3006.
ST. CATHARINES, Ontario--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) released its 2020/2021 Corporate Sustainability Report that details the Company’s sustainability priorities, actions and progress across the three pillars of people, planet and prosperity.
“I am pleased to share with you Algoma’s latest sustainability report covering 2020 and 2021. Reflecting on our progress over the last two years brings me immense pride,” said Gregg Ruhl, President and CEO of Algoma Central Corporation. “We have surpassed great milestones and broke multiple records all while navigating challenges and adapting quickly to change brought forth by the global COVID-19 pandemic. This success is a direct result of the passion, dedication and teamwork of our people both ship and shore. This report illustrates our commitment to being a sustainable company and details our progress, challenges and achievements while also looking at our vision for the future,” continued Mr. Ruhl.
Notable 2021 report highlights include:
Algoma has published a report on its sustainability performance bi-annually since 2011, with the last report covering the 2018/2019 reporting years. This report summarizes our management approach and performance on environmental, safety and social issues and indicators for the 2020/2021 period. The contents of the report were guided by the Global Reporting Initiative (GRI) Sustainability Reporting Standards and Sustainability Accounting Standards Board (SASB).
Click here to read Algoma’s 2020/2021 Corporate sustainability Report.
About Algoma Central Corporation
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Since 2010 we have introduced 10 new build vessels to our domestic dry-bulk fleet, with one under construction and expected to arrive in 2024, making us the youngest, most efficient and environmentally sustainable fleet on the Great Lakes. Each new vessel reduces carbon emissions on average by 40% versus the ship replaced. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally. Algoma truly is Your Marine Carrier of Choice™. For more information about Algoma, visit the Company's website at www.algonet.com
Gregg A. Ruhl
President & CEO
Algoma Central Corporation
905-687-7890
J. Wesley Newton
Executive Vice-President, Strategy & Business Development
Algoma Central Corporation
905-687-7836
DUBLIN--(BUSINESS WIRE)--The "Global Directional Drilling Market, By Type (Conventional System, Rotary Steerable System), By Component, By Service, By Technology, By Application, By Offshore Application, By Field Development Type, By Region, Competition Forecast and Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Directional Drilling Market is anticipated to grow at a steady rate with a CAGR of 5.71% in the forecast period to reach USD11.43 billion by 2027.
Growing energy requirements, quick installation ability, and increased adoption of automation technology in directional drilling are the primary factors driving the demand for the Global Directional Drilling Market.
The surge in investments in offshore exploration activities and the growing focus on the extraction of shale gas reserves by leading authorities to fulfill the ever-increasing energy requirements of consumers is impacting the market demand positively. The presence of abundant unconventional oil & gas reserves and the need to efficiently procure energy from these reserves by using advanced extraction technologies such as directional drilling techniques are expected to bolster the Global Directional Drilling Market demand. Also, the increasing usage of automation technology in directional drilling to optimize the oil & gas extraction process and obtain real-time updates to improve accuracy is expected to drive the market demand through the next five years. However, high operating costs of directional drilling process may restrain the growth of the Global Directional Drilling Market in the forecast period.
The Global Directional Drilling Market is segmented into type, component, service, technology, application, field development type, region, and company. On the basis of regional analysis, North America dominated the market in 2021, accounting for the largest market share of 30.45%, and is expected to maintain its dominance throughout the forecast period. Early adoption of modern technology by the oil & gas industry and the ongoing technological advancements in drilling such as multi-stage hydraulic fracturing are expected to create lucrative opportunities for market growth. In the United States and Canada, the demand for shale gas and tight oil is growing at an impressive rate, and they are being considered the vital energy reserves for the region's growth.
Years considered for this report:
Objective of the Study:
Companies Mentioned
Report Scope:
In this report, the Global Directional Drilling Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Global Directional Drilling Market, By Type:
Global Directional Drilling Market, By Component:
Global Directional Drilling Market, By Service:
Global Directional Drilling, By Technology:
Global Directional Drilling, By Application
Global Directional Drilling, By Field Development Type:
Global Directional Drilling, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/sue0ps
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--Romeo Power, Inc. (“Romeo Power” or the “Company”) (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex applications, has announced its new Battery Integration Workshop for OEM customers.
The Battery Integration Workshop is a hands-on program designed by Romeo’s sales, engineering and product development experts that facilitates an OEM’s understanding of the Company’s battery technology and applications. This workshop represents a unique offering in the commercial EV market, dually creating value for battery and Battery Management System (BMS) customers while furthering Romeo’s strategy to support customers with service and insight through all stages of electrification.
“As a pioneer in EV battery technology and vehicle electrification, we understand that the transition to electrification is a complex process,” said Chief Executive Officer Susan Brennan. “Working with a broad range of customers in targeted verticals, our team has collectively identified an unfulfilled industry need to understand better how EV battery products and associated technology integrate into their own specific applications.”
The one-and-a-half-day program combines lab, theory and participation that is highly customized for each OEM. The Company is currently scheduling Battery Integration Workshops for existing customers.
“Romeo’s Battery Integration Workshop is one of several add-on services that the Company offers our customers to give them a broader perspective into battery technology and to enhance their knowledge base for improved product adoption and performance,” Brennan said. “The more we empower our customers, the more efficient and productive they become. It’s another way we share our expertise, create long-standing value for battery and BMS customers, and differentiate ourselves in a highly competitive environment.”
About Romeo Power, Inc.
Founded in 2016 and headquartered in Los Angeles, California, Romeo Power (NYSE: RMO) is an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications. The Company’s suite of advanced battery electric products, combined with its innovative battery management system, delivers the safety, performance, reliability and configurability its customers need to succeed. To keep up with everything Romeo Power, please follow the Company on social media @romeopowerinc or visit Romeopower.com
Forward-Looking Statements
Certain statements in this press release may constitute “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, including, without limitation, express or implied statements concerning Romeo Power’s ability to develop or sell new products, or to pursue customers in new product or geographic markets, Romeo Power’s expectations regarding its future financial performance, the demand for safe, effective, affordable and sustainable EV products, Romeo Power’s ability to produce and deliver such products on a commercial scale, and Romeo Power’s expectations that its customers will adhere to contracted purchase commitments on the currently expected timeframe are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Romeo Power’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: Romeo Power’s ability to execute on its plans to develop and market new products and the timing of these development programs; Romeo Power’s ability to increase the scale and capacity of its manufacturing processes; Romeo Power’s estimates of the size of the markets for its products; the rate and degree of market acceptance of Romeo Power’s products; the success of other competing technologies that may become available; Romeo Power’s ability to identify and integrate acquisitions; Romeo Power’s potential need for and ability to secure additional capital; the performance of Romeo Power’s products and customers; potential litigation involving Romeo Power; demand for battery cells and supply shortages; the potential effects of COVID-19; and general economic and market conditions impacting demand for Romeo Power’s products. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from those implied by our forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Romeo Power undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Source: Romeo Power Inc.
For Investors:
Joe Caminiti or Ashley Gruenberg
Alpha IR Group
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312-445-2870
DUBLIN--(BUSINESS WIRE)--The "Global Seismic Services Market, By Service (Data Acquisition, Data Processing and Interpretation), By Technology (2D imaging, 3D imaging, and 4D imaging), By Location of Deployment (Onshore, Offshore), By Application, By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global seismic services market is expected to grow at a significant rate during the forecast period. The market growth can be attributed to the rising use of seismic services for oil and ongoing technological advancements.
Companies Mentioned
Seismic services are used to create a 2D and 3D image of the earth's crust and ocean bed for finding oil and gas reserves deep inside the earth's surface.
The seismic data is crucial to lower the risk of boring processes and reduce environmental impact and the need for further exploration activities. The growing use of oil and gas for various applications and the surge in infrastructural development and construction activities are expected to fuel the global seismic services market demand during the forecast period. Leading government authorities are introducing schemes and policies for rapid infrastructural development of railway networks, airways, residential and commercial spaces.
Thus, continuous development in construction activities is propelling the growth of the global seismic services market. Market players are heavily investing in research and development activities to find innovative and affordable technologies for better mapping and improved image quality, which is expected to fuel the growth of the global seismic services market in the forecast period. High-resolution 3D designing, multi-component 3D acquisition, cable-less 2D and 3D seismic recording systems are some of the advanced features introduced by the market players, which is accelerating the adoption of seismic services.
The global seismic services market is segmented by service, technology, location of deployment, application, regional distribution, and competition landscape. Based on the service, the market is divided into data acquisition, data processing, and interpretation. The data acquisition segment is anticipated to hold the largest share in the global seismic services market due to the growing need for finding new oil and gas reserves. Based on the technology, the market is divided into 2D imaging, 3D imaging, and 4D imaging. The 3D imaging segment is expected to dominate the market in the forecast period due to high demand from oil and gas companies and solve problems, lower risk of production, etc.
Years Considered for This Report:
Objective of the Study:
Report Scope:
In this report, global seismic services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Seismic Services Market, By Service:
Seismic Services Market, By Technology:
Seismic Services Market, By Location of Deployment:
Seismic Services Market, By Application:
Seismic Services Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/i95qqw
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SEATTLE--(BUSINESS WIRE)--Today Sustainable Living Innovations (SLI) announced that it had installed the final steel beam and manufactured building panel for its 15-story, 112-unit apartment building under construction in Seattle’s Belltown neighborhood. SLI installed the first steel beams and panels in October 2021.
SLI’s patent-protected technology platform is a new way to build, using wall and floor panels that are manufactured with electrical wiring, plumbing, mechanical and fire safety equipment pre-installed. By designing and manufacturing buildings as a product similar to cars and airplanes, SLI’s high-rise buildings go up faster and meet the world’s highest standards of sustainability.
“This is an important milestone for sustainability, our company, our employees, our investors and so many others who have supported us,” said Arlan Collins, CEO of SLI. “303 Battery is tangible proof that we can achieve the highest levels of sustainability using our technology.”
The installation crew, SLI employees, investors and other partners signed the beam and panel before the tower crane swung both of the building’s final structural pieces into place.
Carrie Cassidy, Chief Construction Officer of SLI said, “It’s been a lot of hard work to have reached this point. My deepest thanks to our dedicated team of partners who made this day possible.”
303 Battery will be the world’s first multifamily tower to meet the stringent net zero energy requirements set by the International Living Future Institute’s Living Building Challenge program, the same organization that certified Seattle’s Bullitt Center. Features include solar on the building’s roof, exterior walls and balconies in each unit, greywater and waste heat recovery systems, ultra-efficient hydronic heating and cooling systems, regenerative elevator motors, distributed DC power systems, and SLI’s advanced network systems and data management platform to ensure optimal building operations.
303 Battery will be completed in December, with tenants anticipated to move into the building early 2023.
303 Battery includes approximately 900 panels that were manufactured in SLI’s Tacoma, Washington facility and are being assembled on site. Ten primary panel types were used in the construction of 303 Battery, with panels for walls, floors, and ceilings of each room – living room, kitchen, bedroom, bathroom – and specialized elevator panels.
About Sustainable Living Innovations
Sustainable Living Innovations (SLI) is a building technology and product development company that is disrupting the world’s largest addressable market by reimagining how buildings are designed, built, and operated. The company is revolutionizing the built environment by producing technology-enabled finished buildings that exceed the world’s most stringent sustainability standards and also help solve the affordable housing crisis. SLI designs, develops, and manufactures complete technology-enabled buildings using proprietary, high-performance building panels complete with integrated mechanical, electrical, plumbing, fire safety and network systems infrastructure. SLI’s finished buildings are more sustainable, as well as faster to design and complete versus conventional buildings. The company employs more than 80 people with offices in Seattle and Denver and operates a showroom in Seattle and a manufacturing facility in Tacoma, Washington.
Suzette Riley, This email address is being protected from spambots. You need JavaScript enabled to view it.; 206-409-1960
Company jumped more than 40 spots on the 100 Best Corporate Citizens list since last year; is among top three utilities
BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announced it has once again been named to 3BL Media’s 100 Best Corporate Citizens list for the second consecutive year, moving from #90 to #42 and placing among the top three utilities. Within the utilities industry, Essential ranked #1 in Environment, Climate Change, Human Rights and ESG Performance, and #4 in Environment overall. The ranking emphasizes Essential’s commitment to environmental, social and governance (ESG) transparency and performance among the 1,000 largest publicly traded U.S. companies.
“Our ESG work is a critical part of our company and plays an important role in our corporate strategy. Our inclusion in the list of best corporate citizens—and specifically such a large improvement in our position in one year— speaks to our commitment to become a more responsible, sustainable and equitable company,” said Christopher Franklin, chairman and CEO of Essential Utilities. “We are honored to be recognized for our progress and remain focused on setting and achieving ambitious ESG goals as we continue to think broadly about the environmental and social impact of our company.”
The 2022 methodology is based on 155 ESG factors across eight pillars: Climate Change, Environment, ESG Performance, Financial, Governance, Human Rights, Stakeholders and Society. Information is obtained from publicly available sources only.
Essential Utilities, through its subsidiaries, Aqua and Peoples Natural Gas, has more than 250 years of combined experience in operating sustainably and responsibly while ensuring safe and reliable access to the Earth’s most essential resources. In 2021, Essential reported ESG results and published new, aggressive targets for reducing carbon emissions and increasing employee and supplier diversity across the business.
In addition to this latest recognition, Essential previously announced strong ESG scores from three prominent agencies and was named to Newsweek’s Most Responsible Companies list for 2022. Learn more about their ESG targets and performance at esg.essential.co.
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGG
Sarah Courtright
1-877-325-3477
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Name Reflects Expanded Offerings to Include Development and Advisory Services
HOUSTON--(BUSINESS WIRE)--Consolidated Asset Management Services (CAMS), a fully-integrated service provider for owners of infrastructure assets, has renamed its Renewable Energy Services group to CAMS Energy Transition Services (CAMS ETS) to reflect expanded offerings to include development and advisory services. CAMS has been a leading service provider in the renewable energy space for many years and this step is a logical progression in its service offerings.
CAMS ETS will originate and lead greenfield and brownfield development opportunities in the areas of battery energy storage, PV, carbon capture, hydrogen co-firing and other environmentally sustainable technologies.
“These services are a natural extension of CAMS’ existing service offerings that will help accelerate our client’s efforts to create more efficient and sustainable energy infrastructure,” said Brian Ivany, Executive Vice President of CAMS ETS.
CAMS ETS will leverage CAMS’ extensive operational, financial, permitting and ESG program management experience in identifying opportunities and advising potential owners to meet their financial and ESG goals. CAMS’ 2,000 employee base will be supplemented by a cohort of experienced engineers and subject matter experts to create a unique service offering within the energy transition space. Specific services include site identification, market analysis, permitting, procurement, project management, start-up and commissioning, transmission and distribution interconnection process management, and ongoing O&M and asset management.
“We are excited to expand our services within this critical area of energy transition in order to better serve our clients,” said Greg Bobrow, CAMS Chief Operating Officer.
About CAMS
CAMS is a privately held company providing Operations and Maintenance (O&M), Asset Management, Environmental, Social, and Governance (ESG), and Optimization services for energy and infrastructure assets. Our founding principle is to add value through superior management and operation of our clients’ energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment. We do not take this responsibility lightly: We treat the assets with which we are entrusted as our own. For additional information, visit www.camstex.com.
Corporate Communications
Melissa Kinsella
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Virtual power purchase agreement helps position Company to achieve global environmental stewardship goal of procuring the majority of electricity from renewable energy sources by 2025
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today announced a virtual power purchase agreement (“vPPA”) with BHE Renewables, a Berkshire Hathaway Energy business, for its operations within the United States, which make up the largest part of the Company’s North America Zone. This agreement is designed to enable Kraft Heinz to achieve its aspiration of procuring the majority of its electricity from renewable sources by 2025, a key focus area of the Company’s net-zero emissions plans.
“As one of the world’s largest food and beverage companies, we are committed to contributing to global efforts to reduce the ongoing threat of climate change," said Kraft Heinz CEO and Board Chair Miguel Patricio. “In 2020, we committed to buy the majority of our electricity from renewable sources by 2025. This agreement with BHE Renewables helps put us on track to accomplish that aspiration and brings us one step closer to achieving net zero emissions by 2050.”
By the end of 2022, Kraft Heinz plans to purchase enough renewable energy from BHE Renewables to offset more than 15 percent of the energy usage at its U.S. manufacturing sites; and by the end of 2025, this amount is expected to increase to approximately 60 percent. The renewable energy is planned to come from BHE Renewables’ 158-megawatt Gopher Creek wind farm in Scurry County, TX.
“We are proud to support Kraft Heinz as it carries out its commitment to create a more sustainable environment,” said Steve Rowley, Vice President, Renewable Development and Energy Markets at BHE Renewables. “Kraft Heinz has an ambitious goal to achieve net zero greenhouse gas emissions, and we look forward to working with them to meet their renewable energy needs.”
This agreement is the latest in a series of renewable energy initiatives by the Company, including solar projects at three Kraft Heinz manufacturing sites in China – Qingdao, Foshan, and Shanghai – which are expected to prevent approximately 2,000 tons of carbon dioxide from entering the atmosphere each year for the next two decades. These initiatives also include Kraft Heinz’s recent vPPA with Repsol in Spain.
Kraft Heinz continues to prioritize environmental stewardship by pursuing renewable energy opportunities around the world through utility-scale power purchase agreements (PPAs) and vPPAs.
Download the latest ESG report to learn more about Kraft Heinz’s climate ambitions and progress at www.kraftheinzcompany.com/esg.
About The Kraft Heinz Company
We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2021 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of six consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn and Twitter.
About BHE Renewables
BHE Renewables is a wholly owned subsidiary of Berkshire Hathaway Energy that owns and operates over 4,000 megawatts of renewable resources across the United States. The company owns solar, wind, geothermal and hydroelectric projects that produce energy from noncarbon resources to reduce the environmental impacts of energy creation and meet the varying needs of customers.
Forward-Looking Statements
This press release contains a number of forward-looking statements. Words such as “accomplish,” “achieve,” “come,” “commit,” “continue,” “contribute,” “cover,” “design,” “enable,” “expect,” “focus,” “help,” “increase,” “meet,” “offset,” “plan,” “position,” “prevent,” “prioritize,” “procure,” “purchase,” “reduce,” “will,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These statements are not historical facts and are based on Kraft Heinz’s current beliefs, expectations, estimates, and projections. These forward-looking statements are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control, which could cause actual results to differ materially from those indicated in the forward-looking statements. Those factors include, but are not limited to, Kraft Heinz’s ability to achieve the intended benefits of the agreement and the risk factors set forth in Kraft Heinz’s filings with the Securities and Exchange Commission, including Kraft Heinz’s most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.
Chelsea Slaggert
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More and More Americans Seeking On-Water Experiences
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Boatsetter, the leading marketplace for on-the-water experiences and boat rentals in the U.S., is reporting a significant uptick in experience-driven rentals this summer as more and more Americans seek time outdoors with family and friends. The company reported triple digit growth in the number of trips completed so far this year compared to the same time last year, as well as a 50 percent increase in the number of boats listed for rent.
Boatsetter has more than 50,000 boat listings available in over 700 locations and more than 20,000 makes and models available — including all different styles and sizes. The boats range from pontoons, to catamarans, to fishing boats, to yachts, with the smallest boat for rent measuring just 8 feet in length, to the largest at 222 feet. Renters are looking for a watersports boat for wake surfing or skiing, party pontoons for friends and family, bass fishing set-ups, sunset cruise on a private yacht, and anything in between.
Specifically, Boatsetter has seen a 378% year-over-year increase in interest in pontoon boat rentals, as well as 332% increased interest in party boat rentals, 261% increased interest in fishing charter rentals, and 254% increased interest in luxury yacht charters.
“For so long, boating and water sports have been out of reach for so many — whether it’s an issue of access, prohibitive costs, or lack of awareness of all the activities you can do on the water,” said Boatsetter CEO Jackie Baumgarten. “Boatsetter is committed to a ‘sea’s the limit’ approach to water experiences. We believe that life is better on the water. If your dream can happen on the water or on board a floating vessel, we’re here to help make it happen.”
Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into a wide array of water activities.
Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter’s two-sided marketplace also offers a way for boat owners to become on-water entrepreneurs, earning extra income to offset the costs of owning and maintaining a boat, as well as ensuring that everyone gets to experience the same joy they have always felt out on the water.
About Boatsetter: With more than 50,000 boat listings available in over 700 locations worldwide, Boatsetter is the leading marketplace for on-the-water experiences and boat rentals. Boatsetter makes it easy to discover and enjoy a wide array of on-water experiences by connecting qualified renters directly to boat owners and licensed captains. Featuring the largest database of USCG-certified captains, Boatsetter makes it possible for even those with no prior boating experience to tap into an incredible array of water activities. Credited with pioneering the first ever peer-to-peer boat rental insurance policy, Boatsetter has empowered boat owners with the tools and support to become entrepreneurs on the water. Launched commercially in 2014, over one million boaters and boat owners alike have turned to Boatsetter to discover the endless possibilities the water provides.
Mollie Leal
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916-612-7462
DUBLIN--(BUSINESS WIRE)--The "Organic Solar Cells Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The latest study collated and published analyzes the historical and present-day scenario of the global organic solar cells market in order to accurately gauge its future growth.
Companies Mentioned
The study presents detailed information about the important growth factors, restraints, and trends that are creating a landscape for the growth of the so as to identify growth opportunities for market stakeholders. The report also provides insightful information about how global organic solar cells market would expand during the forecast period of 2021 to 2031.
The report offers intricate dynamics about different aspects of the, which aids companies operating in the market in making strategic development decisions. This study also elaborates on significant changes that are highly anticipated to configure growth of the global organic solar cells market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of the global organic solar cells market and estimates statistics related to growth of the market in terms of volume (Kw) and value (US$ Mn).
This study covers a detailed segmentation of the global organic solar cells market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global organic solar cells market, wherein various development, expansion, and winning strategies practiced and implemented by leading players have been presented in detail.
Key Questions Answered in this Report on Global Organic Solar Cells Market
The report provides detailed information about the global organic solar cells market on the basis of a comprehensive research on various factors that are playing a key role in accelerating the growth potential of the global market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global organic solar cells market, so as to help them design successful strategies and make target-driven decisions.
Key Topics Covered:
1. Executive Summary
2. Market Overview
2.1. Introduction
2.2. Market Drivers
2.3. Market Restraints
2.4. Market Opportunities
2.5. Value Chain Analysis
2.6. Porter's Five Forces Analysis
2.7. Company Market Share Analysis
3. Global Organic Solar Cells Market, by Application
3.1. Global Organic Solar Cells Market: Application Overview
3.2. Building Integrated Photovoltaics
3.3. Mobile Applications
3.4. Conventional Solar Applications
3.5. Defense Applications
4. Global Organic Solar Cells Market, by Geography
4.1. Global Organic Solar Cells Market: Geographic Overview
4.2. North America
4.3. Europe
4.4. Asia Pacific
4.5. Latin America
4.6. Middle East & Africa
5. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/d051r2
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Hancock County Port and Harbor Commission to Bring Renewable Hydrogen to the Gulf Coast Region
JACKSON, Miss.--(BUSINESS WIRE)--Hy Stor Energy LP (Hy Stor Energy), a company pioneering renewably produced green hydrogen and energy storage at scale in Mississippi, announced today a strategic partnership with the Hancock County Port and Harbor Commission (HCPHC) to provide zero-carbon, zero-methane hydrogen to Port Bienville Industrial Park and Stennis International Airport, accelerating the decarbonization of land, air, sea, and space. Through this partnership, Port Bienville will be the first port in the Gulf Region to integrate renewable hydrogen as a fuel into its operations. During the first phase of the partnership, the hydrogen hub is expected to produce an estimated 350 tons/day (320,000 kg/day) of renewable hydrogen and store more than 71,000 tons (69 million kg) of hydrogen in underground salt caverns.
The existing Port Bienville infrastructure will expand to better enable decarbonization efforts and will be in a premium location to allow for new manufacturing of circular hydrogen infrastructure – the first of its kind in the United States. Port customers striving to meet their respective ESG goals will be able to create new industry jobs – strengthening the port’s position as a workforce hub of industry and technology.
Together Hy Stor Energy and HCPHC will work to sustain economic growth in Hancock County and provide reliable, renewable, and carbon-free energy to coastal Mississippi and the Gulf Coast Region. Currently, Port Bienville Industrial Park is home to leading companies including SABIC Innovative Plastics, DAK Americas, SNF Polychemie, Calgon Carbon, and Jindal Tubular USA, among others.
“Hancock County Port and Harbor Commission is committed to growing economic opportunities in a responsible way,” said CEO Bill Cotter, HCPHC. “Hydrogen is emerging as a way to cut carbon emissions in energy-intensive sectors like manufacturing and transportation. As we continue to grow our maritime, rail and aerospace operations, hydrogen provides options to fuel growth and innovations.”
Hancock County, Mississippi, is located in a prime position on the Gulf Coast with access to inland waterways, rail, and highway corridors. Located a short distance east of New Orleans, Hancock County is home to Port Bienville, Stennis International Airport, and NASA’s John C. Stennis Space Center, which enable domestic and global reach. Hy Stor Energy will develop the renewable hydrogen from its Clean Hydrogen Hub from offices in Jackson, Gulfport, and Kiln at Port Bienville.
“We are proud to partner with the Hancock County Port and Harbor Commission to provide renewable hydrogen access to Port Bienville Industrial Park, including some of the world’s most recognized companies,” said Laura L. Luce, CEO of Hy Stor Energy. “This partnership provides a strategic opportunity for companies who are looking for innovative ways to meet their decarbonization goals to co-locate operations in Hancock County in the Gulf Region. We are focused on developing zero-carbon, zero-methane renewable hydrogen technology for a broad array of applications, including manufacturing and industrial processes, port operations, and long-duration energy storage that will benefit communities while providing reliable clean power.”
The Richton Dome in Perry County, Mississippi was a previously selected expansion location for the U.S. Strategic Petroleum Reserve, and its central U.S. and Gulf Coast location will serve as a Strategic Hydrogen Reserve connected to new, dedicated, dual bi-directional pipelines that will extend from Richton in Perry County to Hancock County and the Port of Bienville. Hy Stor Energy’s infrastructure will enable 24x7 renewable green hydrogen to be delivered to and from the port in addition to underground salt storage domes within approximately 100 miles of the port – providing resilient, zero-carbon, zero-methane hydrogen on demand. These long-term renewable hydrogen storage salt domes in Richton will be interconnected to new pipeline infrastructure and will further connect multiple salt domes from Louisiana to Jackson, Mississippi to Simpson County to Smith County to Perry County - and on to Hancock County to provide resilient, clean energy to coastal communities as well. This will allow Mississippi to serve as a U.S. centrally located and highly connected strategic hydrogen reserve to connect multiple underground salt domes with Richton where the first salt dome caverns will be developed purpose-built for the safe storage of renewable hydrogen at scale.
For more information about Hy Stor Energy, please visit www.hystorenergy.com.
About Hy Stor Energy
Hy Stor Energy is facilitating the transition to a fossil-free energy environment by developing and advancing renewable hydrogen at scale through the development, commercialization, and operation of renewable hydrogen hub projects. The company defines green hydrogen as only that which has produced from renewables -- as set forth by the Green Hydrogen Organisation. Large, fully integrated projects produce, store, and deliver 100% carbon-free, energy, providing customers with safe and reliable renewable energy on-demand. Developed as part of an integrated hub, these projects couple on-site renewable hydrogen production with integrated long-duration storage and distribution – using scale to reduce costs. Hy Stor Energy, led by energy storage industry and hydrogen technology veteran Laura L. Luce, has an innovative team with deep expertise and is positioned as a leader in the renewable hydrogen revolution. For more information, please visit www.hystorenergy.com.
About Hancock County Port and Harbor Commission
The Hancock County Port and Harbor Commission was established in 1963 to lead the county’s economic development activities. Stennis International Airport and Port Bienville Industrial Park are home to 30 companies with more than 1,000 employees. For more information visit www.portairspace.com.
Hy Stor Energy Media Contact
Brad Carl
On behalf of Hy Stor Energy
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Newly formed entity includes the recently completed acquisition of ANPAC portfolio of 11 run-of-river hydroelectric plants as well as the existing Cerro Dominador plants
Platform is well positioned to support the energy transition in Chile with innovative projects providing renewable energy 24/7
WASHINGTON & SANTIAGO, Chile--(BUSINESS WIRE)--EIG, an institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today launched Grupo Cerro, a new renewable energy platform in Chile. The newly formed entity includes EIG-owned Cerro Dominador plants and the recently acquired ANPAC, the owner of a portfolio of 11 small and medium run-of-river hydroelectric power plants in the O’Higgins, El Maule, Bio Bio and La Araucania regions. The 110 MW ANPAC portfolio includes operating plants and projects at various stages of construction and development in both the spot and stabilized-tariff markets.
Following the acquisition, Grupo Cerro now manages over 280 MW of installed capacity in Chile, including the Cerro Dominador Photovoltaic (PV) and Concentrated Solar Power (CSP) plants. The group’s portfolio also includes several projects in advanced phases of construction and development, including the Likana Solar complex, one of the largest CSP projects in the world with a capacity of 690 MW, Pampa Union, a 600 MW PV power plant, as well as more than 40 MW of run-of-river hydroelectric power plants.
R. Blair Thomas, EIG’s Chairman and CEO, said, “The transaction is expected to provide portfolio synergies, create operating efficiencies and enhance technological and geographic diversification for Grupo Cerro. After the completion and synchronization of the ground-breaking Cerro Dominador solar power plant in 2021, the first CSP project in Latin America, this transaction marks another significant milestone in our strategy to invest in high-quality assets, best-in-class teams and energy infrastructure supporting the energy transition in Chile.”
Fernando Gonzalez, CEO of Grupo Cerro, said, “This transaction advances our commitment to Chile’s growth. These plants, combined with our Likana Solar and Pampa Union projects now under development, will help diversify our renewable energy portfolio geographically to be able to further secure low-cost renewable energy production for the Chilean market and continue supplying clean power throughout the country 24 hours a day.”
About EIG
EIG is a leading institutional investor to the global energy sector with $25.0 billion under management as of March 31, 2022. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed over $40.0 billion to the energy sector through more than 380 projects or companies in 38 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.
About Grupo Cerro
Grupo Cerro is a newly formed renewable energy company which aims to build a sustainable future by providing the Chilean system and customers clean, manageable power 24 hours a day. The company manages a portfolio of more than 280 MW of operating projects throughout Chile and a 1.3 GW development pipeline.
Media Contacts:
EIG
FGS Global
Kelly Kimberly / Brandon Messina
+1 212-687-8080
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Cerro Dominador
María José López
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HR & Corporate Affairs Director
SAN DIEGO--(BUSINESS WIRE)--MRV Systems, LLC, a global provider of autonomous undersea vehicles, today announced that Adam A. Razavian has been named President and Chief Executive Officer. Neil Bogue, who has been the Chief Executive Officer since 2016, will stay as chairman of the advisory board. Dr. Razavian’s employment with MRV Systems will commence on June 27, 2022.
Dr. Razavian has more than 20-years of senior management experience leading large engineering organizations with annual revenue of over $2B. He has a strong technical, programmatic, and acquisition background in U.S. Navy surface and undersea programs. His experience with engineering and manufacturing organizations includes over seven years of P&L management, strategic planning, and business development with General Dynamics Mission Systems and Saab Inc. Prior to that, Dr. Razavian held a Senior Executive Service appointment with Department of the Navy (NAVSEA) as Technical Director at the Naval Surface Warfare Center, Crane Division.
Fred Maas, Executive Chairman of MRV Systems, said, “We are thrilled to welcome Adam to lead us for this next phase of growth at MRV. Building on Neil’s stellar leadership, Adam is poised to take MRV to the next level of engineering, manufacturing, and service to the defense and oceanographic communities. He is not only extraordinarily talented, but brings a great deal of experience, character, and integrity that will thrive in our culture at MRV.”
“I am very excited to be joining the MRV team,” said Adam Razavian. “I believe MRV Systems has a great business model and talented management team that uniquely positions it to capitalize on the changing autonomous maritime robotic environment. As the industry evolves through restructuring, consolidation, and technology migrations, I believe MRV is in a unique position to provide a cost effective and timely suite of equipment and services to its existing and future clients.”
Adam received a Ph.D. in Information Systems with research in autonomous vehicles from Nova Southeastern University, a Master of Science in electrical engineering from Rose-Hulman Institute of Technology, and bachelor’s degrees in electrical engineering and physics from the University of Florida and Jacksonville University, respectively.
MRV was founded in 2010 as a spin-off from the Scripps Institution of Oceanography, with a license to manufacture the SOLO II Argo float. MRV has since diversified its product line and customer base and continues to be a leading supplier of buoyancy-driven profilers to the US Argo program, the US Navy, and premier oceanographic institutions around the world.
Neil Bogue
Chair, MRV Advisory Board
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Wells Fargo, MUFG , Silicon Valley Bank to provide $58.5 million Green Loan construction financing and J.P. Morgan to provide $62.5mm tax equity investment for solar and BESS facility
100-megawatt solar facility and 20 MW/50MWh storage facility to provide energy to CCCE and SVCE
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy (“LRE” or “Company”) today announced that it has closed $58.5 million in construction financing and secured tax equity commitments for its Rabbitbrush Solar Facility located in Kern County, California. Wells Fargo served as the administrative agent on the construction financing, and Silicon Valley Bank and MUFG served as joint lead arrangers. Wells Fargo served as Green Structuring Agent, and Wells Fargo, Silicon Valley Bank and MUFG also were the bookrunners, and the debt was issued under the Green Loan Principles, which aims to facilitate and support environmentally sustainable economic activity. J.P. Morgan provided approximately $12.5 million in tax equity financing and has agreed to invest an additional approximately $50 million once the project is operational, which is expected to occur in August 2022.
The Rabbitbrush Solar Project is currently under construction and, when completed, will have a solar generation capacity of 100 megawatts (MW) and the project also integrates a 20 MW, 50 MWh battery energy storage system (BESS), which will bolster the resiliency and reliability of the California energy grid. The project utilizes 415,000 photovoltaic modules provided by U.S.-based First Solar. Construction for the project has generated roughly 300 new union jobs under a project labor agreement.
“We are pleased to have secured financing for the Rabbitbrush facility, which will be LRE’s first financing for a solar and BESS facility,” commented Chris Loehr, LRE Chief Financial Officer. “This is the first of many LRE solar and BESS financings to come as we build out the contracted pipeline in 2022 and 2023. We appreciate the strong support from our offtake partners and participating financial institutions, and we look forward to working together throughout the lifecycle of the Rabbitbrush project.”
Energy generated by the project will be provided to not-for-profit, community-owned electricity providers Central Coast Community Energy (CCCE) and Silicon Valley Clean Energy (SVCE) through two previously announced 15-year power purchase agreements (PPAs). When fully operational, Rabbitbrush will generate enough clean solar energy to serve the needs of nearly 40,000 homes per year, displacing approximately 48,000 metric tons of carbon dioxide annually.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy (LRE) is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning over 100 projects. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021). For more information, visit www.leewardenergy.com.
Kelly Kimberly
713.822.7538
Liz James
281.881.5170
Sard Verbinnen & Co.
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