Accelerating Utility-Focused LTE Products and Market Expansion
CARLSBAD, Calif.--(BUSINESS WIRE)--#LTE--CrescoNet today announced that Brookfield has taken a stake in the company. Brookfield is one of the world’s largest owners and operators of critical infrastructure networks, which facilitate the movement and storage of energy, water, freight, passengers, and data. The equity investment will be used to accelerate CrescoNet’s product and market expansion into North American water, gas, and electric utilities.
John Stafford, President for CrescoNet North America, commented: “We value the Brookfield partnership and view it as clear confirmation of our strategy, execution, and market opportunity. We believe the pace and precision of our innovation, acquisitions, partnerships, expert delivery, and customer care are already making an important difference for our customers. This partnership will further accelerate our product and services expansion focused on delivering high quality services to North American utility clients.”
CrescoNet and its wholly owned subsidiary Smart Earth Technologies (SET) deliver advanced metering infrastructure solutions to water, gas, and electric utilities, and solar, EV, and battery connectivity and control for electric utilities. To learn more, meet with CrescoNet at DistribuTECH 2022 at the Kay Bailey Hutchison Convention Center Room A101 in Dallas May 23-24 or visit Smart Earth Technologies at AWWA ACE 2022 in San Antonio, Booth 8115, June 12-15.
About CrescoNet
CrescoNet is a leading provider and integrator of electric, water and gas smart metering and related services that are built with the latest available technologies. CrescoNet offers IoT and battery powered LTE/5G communications solutions, cloud native data solutions for MDMS and data analytics, market leading DER orchestration and flexibility management and is vendor agnostic in integrating with existing smart meter hardware vendors. For more information on CrescoNet visit www.cresconet.com
About Brookfield
Brookfield is a leading global alternative asset manager with approximately US$725 billion in assets under management across real estate, infrastructure, renewable power, private equity, and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield Asset Management is listed on the New York and Toronto stock exchanges under the symbol BAM and BAM.A, respectively.
Kim Glassman
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877.515.7627, Extension 3
ALTR’s CTO Presenting on June 14: TDECU Streamlines and Secures its Journey to the Snowflake Data Cloud with ALTR
AUSTIN, Texas--(BUSINESS WIRE)--ALTR, innovator of complete data control and protection solutions, today announced that it will be participating at the Snowflake Summit taking place at Caesars Forum Conference Center in Las Vegas June 13-16. At the show, ALTR will be demonstrating its new policy automation engine for managing data access controls in Snowflake and beyond.
Additionally the company will be demonstrating:
In attendance from ALTR will be Dave Sikora, CEO, Doug Wick, VP Product, and James Beecham, co-founder and CTO. ALTR will be participating as a Summit exhibitor, located at Booth 905 at Caesars Forum Conference Center.
Beecham and Devshree Golecha, VP of Data at TDECU are co-presenting: TDECU Streamlines and Secures its Journey to the Snowflake Data Cloud with ALTR on Tuesday, June 14 from 2-2:20 p.m. PT. During the presentation, both will discuss the credit union’s journey securely migrating its enterprise data warehouse to the Snowflake Data Cloud.
WHAT: |
Snowflake Summit |
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Booth 905 at Caesars Forum Conference Center |
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WHEN: |
June 13-16, 2022 |
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WHO: |
Dave Sikora, CEO |
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Doug Wick, VP Product |
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James Beecham, CTO and co-founder |
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For more information about Snowflake Summit, visit https://www.snowflake.com/summit/.
About ALTR
ALTR is the only automated policy enforcement and data security solution that allows you to easily control and protect sensitive data to minimize risks sooner and unlock value faster. Hundreds of companies and thousands of users leverage ALTR’s platform to gain unparalleled visibility into data usage, automate and control data access, and secure data with patented rate limiting and tokenization-as-a-service, all in minutes instead of months. ALTR’s database integrations and partner ecosystem enable on-premises-to-cloud protection and a single solution for enterprise-wide data governance and security. To learn more, please visit ALTR.com. To start with the ALTR Free plan today, sign up here.
Media Contact
RedIron PR for ALTR
Kari Walker
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DUBLIN--(BUSINESS WIRE)--The "Global Extended Reach Drilling Market, By Type (Shallow, Intermediate, Deep, and Ultradeep), By Well Type (3D Wells, Deviated Wells, Others), By Technology, By Application, By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global extended reach drilling market is expected to grow at a significant rate with market growth attributed to the advancements in technology and increasing demand for oil and gas in various end-user industries.
Developments in multiple tools and technologies related to drilling for enhancing the efficiency of the procedures and increasing oil production are also fueling the growth of the global extended reach drilling market.
Besides, expanding drilling activities in remote areas in the fragile environment is also aiding the growth of the global extended reach drilling market.
Rising global demand for oil and gas on account of growing industrialization activities and growing applications of technologies like rotary steerable systems and friction reduction tools, among others, are propelling the growth of the global extended reach oil drilling market. Moreover, the expansion of various industries such as automotive, construction, and other manufacturing units and increasing demand for oil excavation are contributing to the market growth.
The use of advanced tools and technologies for increasing oil production capacity while eliminating oil loss is also positively influencing the growth of the global extended reach oil drilling market. Moreover, increasing investments from government authorities and the private sector and the development of innovative tools are supporting the growth of the global extended reach oil drilling market.
The shallow type segment is anticipated to hold the largest share in the global extended reach drilling market due to the increasing number of oil excavation projects around the world. Based on well type, the market is sub-segmented into 3D wells, deviated wells, and others. Deviated wells are expected to dominate the global extended reach drilling market due to increasing dependency on extended reach drilling processes.
Major players operating in the global extended reach drilling market are China Oilfield Services Limited, HXR Drilling services, K&M Technology Group, Schlumberger Limited, Baker Hughes, Halliburton Company, Weatherford International, Mubadala Petroleum Ltd..
Objective of the Study:
Competitive Landscape: Detailed analysis of the major companies present in global extended reach drilling market
Report Scope:
Years Considered for This Report:
Extended Reach Drilling Market, By Type:
Extended Reach Drilling Market, By Well Type:
Extended Reach Drilling Market, By Technology:
Extended Reach Drilling Market, By Application:
Extended Reach Drilling Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/v4d2zi
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC ("EnfraGen"), a developer, owner, and operator of specialized sustainable, renewable power and grid stability assets in Latin America owned by Glenfarne Group, LLC and leading global private markets firm Partners Group, on behalf of its clients, have raised $620,000 in a matching campaign for GivePower, a non-profit that works to improve the quality of life for people who need it most through solar energy impact projects.
EnfraGen first announced the multi-year partnership and the funding of the first project with GivePower in July 2021. The first project provided a solar microgrid to power a local health post, agro-processing facility, and school for the Kogi, an indigenous group living in the Sierra Nevada de Santa Marta, Colombia. The project was completed in January 2022, enhancing the lives of nearly 700 individuals.
Since that announcement, EnfraGen engaged and received multiple donations from leading international banks and law firms. The group was led by generous contributions from Glenfarne Group, Partners Group, SMBC Global Foundation, Mitsubishi UFJ Financial Group (MUFG), and Milbank LLP. Additional contributions were made by Paul Hastings LLP, White & Case LLP, Scotiabank, BNP Paribas, and Mizuho Americas.
The funds will be used by GivePower to develop and build essential infrastructure projects across Colombia, including solar microgrids, solar water farms and other projects focused on providing access to clean energy and water to thousands of people living in some of the most at-risk communities throughout the country.
The second project that will be funded is a solar microgrid and battery energy storage system in Coqui, an “afrodescendiente” village located in the department of Choco in Colombia’s Pacific Coast. This infrastructure will provide clean energy to a local coconut processing facility, one of the community’s most important small businesses and sources of employment and economic activity.
Additionally, these donations will finance a solar-powered recycling center in the Juanchaco & Ladrilleros region of Bahia Malaga, a bay also located in Colombia’s Pacific Coast. This facility transforms plastic and glass waste into products for sale in the local community. This center will generate additional income for the local community while simultaneously helping clean the Uramba National Park, a critical biodiversity hotspot.
“As an advocate for Latin America’s role in the global energy transition, we are thrilled by the support we’ve received to date for our partnership with GivePower, helping achieve our collective goal of providing communities with better access to clean energy sources,” said Brendan Duval, CEO and Founder of Glenfarne Group, LLC and EnfraGen CEO.
“We are honored to support GivePower’s efforts to provide clean energy to the Coqui community, enabling them to advance their coconut processing facility, which will improve overall economic activity and the livelihood of the individuals who depend upon the business,” said Ed Diffendal, Managing Director at Partners Group.
“We’d like to thank EnfraGen and their partners for generously supporting our work in Colombia,” said Michele Magee, President of GivePower. “This funding will help improve the wellbeing of vulnerable communities and advance Latin America’s transition toward a cleaner energy future.”
About EnfraGen, LLC
EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.
EnfraGen is jointly controlled by Glenfarne Group, LLC, and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 1.8 GW of installed capacity. The company, including its affiliates and subsidiaries, is supported by a team of nearly 400 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.
About Glenfarne Group, LLC
Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Dallas, Texas; Panama City, Panama; Santiago, Chile; Bogota, Colombia; Florianopolis, Brazil; Seoul, South Korea; and Ho Chi Minh City, Vietnam. Glenfarne’s seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy infrastructure assets throughout North and South America and Asia. For more information, please visit www.GlenfarneGroup.com.
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 170 billion in private equity, private real estate, private debt, and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 127 billion in assets under management as of 31 December 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
About GivePower
GivePower is a 501(c)(3) nonprofit organization committed to extending the environmental and social benefits of clean, renewable energy around the globe. GivePower uses solar and battery storage technologies to deliver essential services to the developing world, including sustainable access to clean water produced by the organization’s award-winning Solar Water Farms. GivePower has helped bring clean power and clean water to underserved communities in 24 countries across Africa, Asia, North America, and Latin America. Visit GivePower at www.givepower.org. Follow GivePower on Facebook, Instagram, YouTube and Twitter.
Kris Cole
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(310) 652-1411
Initial round exceeds $1.1 million from 900+ investors as demand spikes for mobile energy storage
SEATTLE--(BUSINESS WIRE)--Following a successful crowdfunding campaign that raised $1,127,379 and attracted 920 investors, Joule Case is launching a new $4M round on Wefunder to raise a total of $5M. This round will enable Joule Case to expand into new markets where clean, safe, and cost-efficient renewable power is a strategic priority and an ideal match with the company’s portable, emission-free energy storage expertise and product line.
"We appreciate everyone who has believed in us to date and hope you share our excitement about the opportunities ahead and the impressive sales growth we’re experiencing this year," said James Wagoner, CEO, Joule Case. “There is tremendous momentum as we further solidify our footprint in events and the food truck space and engage new and dynamic markets where flexibility, scalability and emission-free energy sources will be in demand for years to come.”
One new market being pursued by Joule Case includes mobile brand activations, a natural extension of the live event space. As brands seek to engage their audiences where they are, Joule Case’s experience with powering large parts of Camp EDC for Insomniac and food trucks, multiple stages and several other power applications at Treefort MusicFest reinforces its capabilities as a trusted partner.
The company’s latest patent creates a fully functional energy supply which can be mobilized to meet growing energy needs such as Level 3 EV chargers at fuel stations, range extenders for mobile fleets and remote power demands for grid-independent energy needs. It also creates a path for distributed energy storage for grid backup and other purposes, where location-specific demands can be better served.
“Collectively we are all seeing how critical power is to everyday life and how tenuous this resource is with an aging grid that is woefully outdated in both model and capacity, challenged by a disparate mix of energy sources and increasingly threatened by natural disasters,” continued Wagoner. “Power is no longer a nice to have, it’s a need to have and location is a huge part of that need. Providing power when and where you need it is more important than ever, and we know how to deliver on that promise.”
About Joule Case Inc.
Joule Case provides power where you need it when you need it, with flexible, patented battery systems that easily scale for a variety of power applications. The company was started in a Boise, Idaho garage by James Wagoner and Alex Livingston, fueled by their shared passion to enable clean and renewable energy to reach more people. They have spent years developing the unique stackable, portable, scalable, easy-to-use battery system now powering live events, food trucks and several other applications across the United States. The flexibility and adaptability of Joule Case systems can be combined together to make larger battery systems with minimal engineering and installation time.
Chad Biggs
Red Sky
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208.996.0710
BETHESDA, Md. & TOKYO--(BUSINESS WIRE)--#Biomass--Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainable wood bioenergy, and MOL Drybulk Ltd. (MOLDB), a subsidiary of Mitsui O.S.K. Lines Ltd. (MOL), a leading global marine transport group, announced they have signed an additional memorandum of understanding to deploy an environmentally friendly bulk carrier (“EFBC”) to reduce the greenhouse gas (“GHG”) emissions in the ocean transportation of sustainable wood pellets and biofuels. Following a successful joint study phase, the EFBC is scheduled for launch in 2024 and will aim to utilise rotor sail technology developed by Anemoi Marine Technologies Ltd together with MOL’s ‘Wind Challenger’ technology, which would both reduce emissions by harnessing wind energy, for an expected average GHG savings of about 20 percent in total. The 62,900-deadweight tons (dwt) vessel will be built by Oshima Shipbuilding.
Sustainably sourced wood pellets, like the ones Enviva produces, are considered carbon-neutral even after taking into account the full supply chain, and have been proven to reduce greenhouse gas emissions by up to 85 percent on a lifecycle basis compared to coal. As part of Enviva’s goal to achieve net-zero greenhouse gas emissions from its operations by 2030, the company has committed to addressing scope 3 emissions by proactively engaging with partners like MOLDB to develop and implement new clean energy solutions. As shipping pellets across the Atlantic Ocean currently comprises one third of Enviva’s supply chain emissions, this partnership will generate a large carbon savings in its upstream and downstream value chain.
“Reducing greenhouse gas emissions in our supply chain is a foremost priority for us,” said Thomas Meth, Chief Commercial Officer of Enviva. “While we have made progress in reducing our operations’ CO2 footprint, there are more innovative opportunities like the one we are partnering on with MOLDB to continue to strive for more circular approaches in our supply chain. We couldn’t be more excited about continuing to build on our relationship with MOLDB to help reach our goals of achieving net-zero greenhouse gas emissions by 2030.”
Kazuhiko Kikuchi, President and Representative Director of MOLDB said, “We are very happy to make this announcement today alongside our long-term partner, Enviva. Their support and commitment to this project is invaluable. The purpose of launching MOLDB is to become a team of professionals in the dry bulk business, working closely with our customers to meet their needs and provide solutions. The EFBC is a great example, and we cannot wait to see this truly unique vessel set her sails and catch the wind.”
Plans to develop the Wind Challenger started in 2009 as an industry-academia joint research project led by the University of Tokyo. MOL took charge of the plan in 2018 and has been working on the technology since. The first Wind Challenger is scheduled to be released in the second half of this year. The system converts wind energy to propulsive force with a telescopic hard sail. The long-term goal is to develop a widely accepted shipping solution to achieve the International Maritime Organization target in combination with other measures to reduce GHG by equipping vessels with multiple sails.
About Enviva
Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
To learn more about Enviva please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.
About MOL Drybulk Ltd. (MOLDB)
MOL Drybulk Ltd. are unique entity operating vessels ranging from 10,000DWT up to 100,000DWT bulk carriers, wood chip carriers and multi-purpose vessels, with the aim to provide a “one-stop service” to the customers, work collaboratively to meet their needs and provide environmental solutions to reduce the GHG emissions throughout the supply chain.
Mitsui O.S.K. Lines, Ltd. (MOL)
Mitsui O.S.K. Lines, Ltd. (MOL), as a global marine transport group, operates a global fleet exceeding 700 vessels, including tankers, bulkers, car carriers, ferries, which also extends to offshore projects. Under the “MOLGROUP Environmental Vision 2.0” established in June 2020, MOL clarifies its commitment to achieve sustainable “Net Zero GHG Emissions” through collective efforts with all capabilities within the group.
About the “Wind Challenger”
The Wind Challenger Project started in 2009 with the "Wind Challenger Plan," an industry-academia joint research project led by The University of Tokyo, and in January 2018, MOL and Oshima Shipbuilding took charge of the plan and now play a central role in this project. In October 2019, it acquired Approval in Principle (AIP) for the design of a hard sail system.
In December 2020, MOL reached a coal transport deal with Tohoku Electric Power Co., Inc. using a coal carrier equipped with a Wind Challenger sail with the aim to achieve 5% to 8% reduction of the GHG emissions. The vessel will be constructed at Oshima Shipbuilding and is scheduled to commence service by the end of 2022.
YouTube
https://youtu.be/yXbvG6VrwNc
https://www.youtube.com/watch?v=bNQXFKqNVp8
Please refer to the following press releases related to the Wind Challenger project:
February 1, 2022
Hard Sail Completed for ‘Wind Challenger Project’ and Installation Underway on Large-scale Vessel
March 30, 2021
Enviva and MOL explore GHG emissions reduction technologies for Biomass supply chain
December 10, 2020
MOL, Tohoku Electric Power Sign Deal for Transport Using Coal Carrier Equipped with Hard Sail Wind Power Propulsion System (Wind Challenger)
ICT Communication Team
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Maria C. Moreno
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+1-301-657-5560
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced the signing of a contract for renewable energy to support the planned restart in 2024 of aluminum smelting at the San Ciprián smelter in Spain.
The long-term power purchase agreement is with Greenalia, an independent renewable energy developer and producer. Subject to windfarm permitting processes, the agreement would commence in 2024 and extend to the end of 2033.
Due to exorbitant energy prices, Alcoa announced in December of 2021 a two-year curtailment of aluminum smelting at the site. During the curtailment, Alcoa is working to secure power purchase agreements and make improvements to prepare the smelter for the planned restart to begin in January of 2024.
“This power contract is a very important step for the long-term viability of San Ciprián,” said Álvaro Dorado Baselga, Vice President Global Energy in Alcoa and President of Alcoa in Spain. “We are working to fulfill our commitments to the workers’ representatives, and the support of government in the development of the necessary energy framework remains vital.”
The agreement is expected to provide up to 183 megawatts of the smelter’s baseload power consumption, representing approximately 45 percent of the energy required to meet the smelter’s maximum capacity of 228,000 metric tons per year. The contract’s pricing terms are confidential. Alcoa is continuing to pursue options for the remaining 55 percent of the smelter’s electricity requirements.
While the smelter is curtailed, the casthouse and the San Ciprián alumina refinery continue to operate.
About Alcoa Corporation
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate.
Dissemination of Company Information
Alcoa intends to make future announcements regarding company developments and financial performance through its website, www.alcoa.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls and webcasts.
Forward-Looking Statements
This press release contains statements that relate to future events and expectations, and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as “aim,” “ambition,” “anticipates,” “believes,” “could,” “develop,” “endeavors,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “outlook,” “plans,” “potential,” “projects,” “reach,” “seeks,” “sees,” “should,” “targets,” “will,” “working,” “would,” or other words of similar meaning. All statements by Alcoa Corporation that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa Corporation believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Alcoa Corporation’s filings with the Securities and Exchange Commission. Alcoa Corporation disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.
Investor Contact:
James Dwyer
412-992-5450
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Media Contact:
Jim Beck
412-315-2909
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The event will take place on Tuesday, May 24th from 1:00 - 3:00 pm PT
NEWARK, Calif.--(BUSINESS WIRE)--On Tuesday, May 24th, 2022, FreeWire Technologies will host the Grand Opening of its Global Headquarters, R&D, and Manufacturing Facility in Newark, California. This event will provide an inside look at the facility and demonstrate the next-generation power technology fundamental to the global energy transition. In addition, the event will feature a speaking program headlined by California Energy Commission (CEC) Chairman David Hochschild, notable industry leaders, federal agency representatives, and elected officials.
What: |
Grand Opening of FreeWire’s new Global Headquarters, R&D, and Manufacturing Facility. FreeWire will deploy its Boost Charger live during the event to demonstrate how a battery-integrated solution can accelerate infrastructure deployment by boosting the output power. |
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1:00 PM PT, Tuesday, May 24th, 2022 |
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7200 Gateway Blvd, Newark, CA 94560 (Parking on-site) |
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Who: |
Arcady Sosinov, FreeWire Founder and CEO; David Hochschild, Chairman, California Energy Commission (CEC); Mark McNabb, Former CEO of Electrify America and COO of Volkswagen; Betony Jones, Senior Advisor, Department of Energy (DOE); Alan Nagy, Mayor of Newark, CA; other notable EV industry leaders; and federal, state, and local elected officials. |
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FreeWire continues to disrupt the rapidly evolving EV charging market and was recently named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2022. |
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The new 66,000-square-foot research, manufacturing, and testing facility will be fully operational by the Fall of 2022, positioning FreeWire at the center of the San Francisco Bay Area’s transportation technology hub. As the leading domestic producer of battery-integrated charging solutions, this new facility will galvanize FreeWire’s leading role in supporting the build-out of charging infrastructure across the country and delivering reliable charging and power solutions to EV drivers and FreeWire customers. |
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As FreeWire leads the way in battery-integrated EV charging, investors have taken note. Last month, FreeWire raised an additional $125 million in new capital led by asset manager BlackRock Inc. |
This is an in-person, invite-only event, and we ask all press/media to RSVP here.
About FreeWire
Founded in 2014, FreeWire Technologies is the leading manufacturer of Buy America compliant battery-integrated EV charging and power solutions in the U.S. The Company’s fully-integrated Boost ChargerTM plugs into existing and ubiquitous low-voltage utility service and delivers high-power charging in areas that typically require extensive grid upgrades. The Boost Charger’s combination of proprietary battery and power conversion technology enables ultrafast EV charging at all locations, freeing customers from the costs of providing fast charging using power directly from the electric grid. FreeWire has deployed battery-integrated chargers with Fortune 100 companies, commercial customers, fleets, retail locations, and gas stations across the U.S. and has partnered with bp pulse to deploy Boost Charger in its operations across the UK.
Daniel Zotos, Director of Communications
(617) 448-7497 | This email address is being protected from spambots. You need JavaScript enabled to view it.
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it will conduct a conference call on Wednesday, June 1 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal fourth quarter and full year ended March 31, 2022. The financial results will be issued in a press release prior to the call.
Iteris president and CEO Joe Bergera and CFO Douglas Groves will host the call, followed by a question and answer period.
Date: Wednesday, June 1, 2022
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Toll-free dial-in number: +1 877-317-6789
International dial-in number: +1 412-317-6789
If joining by phone, please call the conference telephone number 5-10 minutes prior to the start time and ask to join the Iteris earnings call. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MKR Investor Relations at 1-213-277-5550.
To listen to the live webcast or view the press release, please visit the investor relations section of the Iteris website at www.iteris.com.
During the question and answer period, management will take questions live from covering sell-side analysts, as well as answer select questions submitted to the company in advance of the call. If you would like to submit a question in advance, please do so before 5 p.m. Eastern time (2 p.m. Pacific time) on May 31, 2022 by emailing Iteris investor relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
A telephone replay of the conference call will be available approximately two hours following the end of the call and will remain available for one week. To access the replay dial +1-877-344-7529 (US Toll Free), +1 855-669-9658 (Canada Toll Free), or +1 412-317-0088 (International) and enter replay passcode 9295290.
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That’s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Contact
Douglas Groves
Senior Vice President and Chief Financial Officer
Tel: (949) 270-9643
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
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DUBLIN--(BUSINESS WIRE)--The "Global Metamaterial Market (2022-2027) by Technology, Applications, Vertical, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Metamaterial Market is estimated to be USD 464.13 Mn in 2022 and is projected to reach USD 2191.35 Mn by 2027, growing at a CAGR of 36.4%.
Market dynamics are forces that impact the prices and behaviors of the Global Metamaterial Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Countries Studied
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Metamaterial Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Metamaterial Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.
Why buy this report?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Market Segmentations
The Global Metamaterial Market is segmented based on Technology, Applications, Vertical, and Geography.
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/pyj9yw
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Spoolable Pipes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global spoolable pipes market reached a value of US$ 1.62 billion in 2021. Looking forward, the market is projected to reach a value of US$ 2.1 billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
Spoolable pipes are flexible pipes manufactured using polymeric materials reinforced with carbon and glass fibers. They can be wound on a reel and provide ease in installation and transportation. They are commonly available in composite and reinforced thermoplastic variants. Spoolable pipes are widely used in the production of gathering lines, jumpers, subsea flowlines, directional drilling, well intervention, and injection lines.
They are also used for the transportation of refined and crude petroleum fuels, such as natural gas and oil, and other fuels, including slurry, sewage, and water. These pipes maintain structural integrity under extreme temperatures and exhibit excellent resistance to corrosion, erosion, pressure, and chemicals. Spoolable pipes also possess other beneficial properties, such as high fatigue resistance, enhanced flow rates, reduced maintenance costs, and fast commissioning.
The significant growth in the oil and gas industry across the globe is the key factor driving the market growth. Spoolable pipes are widely used for the transportation of crude oil and natural gas due to their low maintenance and installation properties. In line with this, the widespread product adoption in gas gathering lines is favoring the market growth.
Moreover, various technological advancements, such as the development of complementary spoolable composite pipe technology for enhancing performance at high loads, are providing a considerable boost to the market growth. In addition to this, the increasing utilization of spoolable pipes in water distribution, mining, and water treatment on account of resistance to contamination and the minimized risks of microbial contamination is positively impacting the market growth.
Apart from this, the increasing demand for fiber-reinforced spoolable pipes and the widespread product adoption for the renovation and repair of traditional piping systems are anticipated to create a positive outlook for the market.
Key Questions Answered in This Report
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Spoolable Pipes Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Matrix Type
7 Market Breakup by Reinforcement Type
8 Market Breakup by Application
9 Market Breakup by Sales Channel
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/jhyuew
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WASHINGTON & CHICAGO--(BUSINESS WIRE)--#nodalexchange--Nodal Exchange posted a new daily volume record and established a record level of open interest (OI) for environmental markets yesterday with 10,000 lots traded, while open interest topped 200,000 lots across listed contracts in carbon, renewable energy certificates (RECs) and renewable fuel credits.
Yesterday's daily volume record included 6,650 lots of carbon futures and 3,350 lots of REC futures traded.
Nodal Exchange, which has worked with IncubEx since 2018 to build the world's largest suite of listed environmental products, has seen solid growth across the product group in open interest, a well-known barometer of a market's growth and status. Open interest in environmental markets on Nodal closed at a record 204,719 lots on May 18, 2022, up 48% from 138,387 lots from the same date a year earlier.
The REC product group continues to drive OI growth in the environmental markets on Nodal, topping 175,000 lots this week and hitting a record 179,546 yesterday, up 37% from 130,938, a year earlier. The REC open interest per side is equivalent to enough clean energy to power 1.7 million homes for a year.
Open interest in North American carbon markets on Nodal – California Carbon Allowance and RGGI Allowance contracts – hit 23,448 lots combined yesterday, up 279% from 6,189 lots, a year earlier.
"Environmental markets are increasingly attracting significant interest that continues to drive growth across the product suite on Nodal," said Michael MacGregor, CEO of IncubEx. "Reaching these milestones is first and foremost a testament to the support of our customers. It is also indicative of the progress made since launching the first environmental contracts on Nodal in November 2018 highlighting the potential for further growth in the months and years ahead."
"We're proud to achieve these records and appreciate all of the support from our trading community," said Paul Cusenza, Chairman and CEO of Nodal Exchange. "Climate change is a global challenge and Nodal is happy we and our community can play a positive active role in protecting our planet by providing environmental markets."
About IncubEx
IncubEx is an incubator for exchange traded products, services, and technology solutions. At its core, IncubEx is a product and business development firm. The company works in conjunction with its global exchange partner, European Energy Exchange (EEX), Nodal Exchange and other leading service providers and stakeholders to design and develop new financial products in global environmental, reinsurance, and related commodity markets. The company has a specific focus on innovation and continuous improvement of products and services, including technology, trading solutions, and operational efficiencies. The IncubEx team is led by former key Climate Exchange executives and is uniquely positioned to capture these opportunities with its partners. The company was founded in 2016 and currently has offices in Chicago and London.
About Nodal
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
Jim Kharouf
IncubEx
Phone: 773-391-0439
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Nicole Ricard
Nodal Exchange
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Utilities and Cities Can Reap the Benefit of Edge Compute, High-Fidelity Data, AI and Machine Learning with Cloud Technologies and Solutions to Support Decarbonization
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Cloud--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water is expanding its long-term collaboration with Microsoft to accelerate cloud adoption and the next generation of consumer and grid edge solutions for the utility and smart cities industries. The collaboration uniquely brings together Itron’s leading energy management solutions and Microsoft’s leading cloud solutions to transform how end users view and manage their energy, and how utilities meet the demands of a rapidly changing industry. Itron is working with Microsoft to develop solutions that deliver unprecedented insights and benefits for utilities, communities and enterprises to reach their goals, including grid resilience, consumer engagement, operational efficiency and decarbonization.
With a focus on security, reliability and value, the collaboration will address industry critical challenges, such as greenhouse gas emissions, carbon tracking, zero carbon goals, clean energy matching, data accessibility and operational insights. This includes network visibility, asset management, outage management and insights into Electric Vehicle (EV) and distributed energy resource loads that are essential to enabling a decarbonized grid. The collaboration will deliver integrated solutions to measure, report and accelerate the path to net zero for utilities and their customers. Utilities will also be able to unlock additional value and data from their smart grid implementations, including new use cases such as location awareness, intelligent voltage monitoring, real-time transformer load monitoring, EV and solar awareness, active premise load shedding and more.
The expansion of the collaboration will benefit industry stakeholders, consumers and others by enabling high-fidelity data to be utilized at the edge of utilities’ and cities’ connected IoT platforms. Example use cases that will benefit from this data, analytics and integration include:
By increasing the number of cloud-ready solutions for the next-generation technology stack, the collaboration will enable faster deployment, increase cost effectiveness, and enhance security and resilience. With Microsoft, Itron is accelerating the extension of its leading Advanced Metering Infrastructure (AMI), data management and analytics solutions to the cloud in global markets.
The expanded collaboration will allow Itron to identify utility and city customers across the globe who can benefit from their existing solutions and reach global enterprises with critical energy and decarbonization requirements. It will help more customers effectively shift operations into the cloud and take advantage of innovative and emerging solutions to meet critical operational, service and sustainability goals.
“Expanding our collaboration with Microsoft is core to our commitment to delivering industry-leading solutions that make it easier for end-users to reduce their carbon footprint and conserve water. Our collaboration will provide analytics and data-sharing capabilities for utilities and cities, so they can optimize their operations and accelerate the transition to a low-carbon economy,” said Don Reeves, senior vice president of Outcomes at Itron. “As utilities begin to deploy edge compute-enabled connected IoT platforms, a new level of collaboration and co-innovation is needed for the utilities to harvest the unprecedented opportunity for growth and creating value. With Microsoft’s advanced cloud technology combined with Itron’s industry expertise, we are optimizing existing solutions and building new ones in an emerging and rapidly changing market.”
“The collaboration between Itron and Microsoft will enable utilities and smart cities to take advantage of cloud computing technology—in particular, edge computing—to accelerate cloud-native analytics, distribution automation, carbon reporting and provide an overall more flexible, scalable system that supports a distributed, resilient energy grid,” said Darryl Willis, CVP Worldwide Energy Industry, Microsoft.
To learn more, visit Itron in booth #2403 and Microsoft in booth #1023 at DISTRIBUTECH, May 23-25, in Dallas, Texas. More details and information about Itron and Microsoft’s expanded collaboration will be available soon.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
For additional information, contact:
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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240 MWAC 7V Solar Ranch project in Fayette County, Texas, marks the first project to commence construction in the U.S. as part of Candela Renewables’ partnership with Naturgy
SAN FRANCISCO--(BUSINESS WIRE)--The embedded link in the second paragraph of the release dated May 18, 202 has been changed.
The updated release reads:
CANDELA PARTNER NATURGY BREAKS GROUND ON 7V SOLAR PROJECT
240 MWAC 7V Solar Ranch project in Fayette County, Texas, marks the first project to commence construction in the U.S. as part of Candela Renewables’ partnership with Naturgy
Candela Renewables today, in partnership with Naturgy Energy Group, announced they have broken ground on their first utility-scale solar project in Fayette County, Texas. This not only represents the start of construction for Candela’s first project, but also signals Naturgy’s first U.S.-based project since partnering with Candela in early 2021 as well as their largest solar project in the world to date.
For more information about this development, please visit:
https://www.candelarenewables.com/news-blog/candela-renewables-starts-construction-on-first-project-breaks-ground-with-partner-naturgys-first-us-based-project
About Candela Renewables
Founded in 2018 by former First Solar executives, Candela Renewables has one of the most accomplished teams developing utility-scale solar and storage projects in the United States. Candela is active in markets across the U.S., including CAISO, WECC, ERCOT, PJM, NYISO, the Southeast & MISO.
In 2021, Candela entered into a partnership with Naturgy Energy Group. Candela and Naturgy formed a new joint entity that owns Candela’s development pipeline. The companies also executed a five-year Development Services Agreement for the U.S. market.
Candela has in-house expertise across all stages of the development lifecycle and can efficiently bring projects to either NTP or COD through their focused, proven and differentiated development strategy.
For more information, visit https://www.candelarenewables.com/
Erin Hall
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HOUSTON--(BUSINESS WIRE)--#goingskyward--Skyward Specialty Insurance Group, Inc.™ ("Skyward Specialty" or the "Company"), a leader in the specialty property and casualty (P&C) market, announced it has launched a Renewable Energy Contractors coverage within its rapidly expanding Construction and Energy product portfolio. The coverage targets a wide range of contractors specializing in wind and solar energy conversion systems for private and commercial or industrial purposes.
While growth in the renewables sector is at the center of the energy transition, each subsector's insurance risk needs and profile are unique. Consequently, the standard construction and energy insurance solutions are insufficient to meet the risk management and risk transfer needs of the sector.
"Skyward Specialty is at the forefront of developing insurance solutions to support highly specialized and hard-to-place risks, like the renewable energy market. Today we serve this market across several of our underwriting divisions, including captive solutions for biofuel manufacturing and conversion and recycling centers, surety solutions for the solar industry, and coverage for renewable energy sources in our global property division," said Kirby Hill, President, Industry Solutions, Captives & Programs. "As a result, we can leverage our expertise and history in the renewables sector to provide focused, specialized coverage to meet the unique risk needs of the industry. By anticipating trends and issues, developing strategies and solutions and applying our best-in-class underwriting solutions, we lower the cost of risk for our clients and their customers."
Skyward Specialty's Renewable Energy Contractors coverage will primarily focus on contractors who erect and service land-based metal wind turbines and solar power installations or service work following the same risk characteristics. The coverage will include general liability, property, primary commercial automobile, and excess liability.
"As renewable energy technologies, distribution practices and business models progress, risks continue to increase," said Rick Childs, Senior Vice President, Construction and Oil & Gas. "Our Renewable Energy Contractors coverage helps minimize those risks and conquer crises for renewable energy businesses with customized coverage. In addition, our team is backed by years of expertise and can help companies succeed by developing strategies and solutions to meet the specialized risk challenges of this rapidly evolving industry."
About Skyward Specialty
Skyward Specialty is a growing specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. For its most recent fiscal year, the Company had nearly one billion dollars in gross written premiums. The Company has eight underwriting divisions -- Accident & Health, Captives, Global Property, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S.
Skyward Specialty's subsidiary insurance companies consist of Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company. These insurance companies are rated A- (Excellent) by A.M. Best Company. For more information about Skyward Specialty, its people, and its products, please visit www.skywardinsurance.com
Haley Doughty
Skyward Specialty Insurance Group
713-935-4944
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ORANGE, Conn.--(BUSINESS WIRE)--Avangrid Renewables, LLC, a subsidiary of AVANGRID, Inc. (NYSE: AGR), today announced that it has entered into a Host Community Agreement with the Town of Barnstable for the Park City Wind project. The agreement, which will be filed with the Massachusetts Energy Facilities Siting Board (EFSB), represents a key milestone for the project and positions the Town of Barnstable to secure significant local benefits from the continued development of the U.S. offshore wind industry.
“The Town of Barnstable is proud to continue to play a leadership role in our nation’s transition to clean energy,” said Barnstable Town Manager Mark Ells. “Hosting a second cable landing in Barnstable has allowed the Commonwealth to continue its efforts to chart a course for clean energy and climate action. The signing of a host community agreement with Park City Wind is a reflection of the strong community support for this clean energy initiative. The project and associated host community agreement will foster robust communication, cooperative planning and coordinated construction activities that will advance the Town’s sewer project, while providing millions of dollars in tax revenue and mitigation payments over the life of the project. We look forward to a productive relationship with Park City Wind as they continue with their efforts to provide clean and cost-effective energy.”
“As we continue to advance this vital new clean energy industry, Avangrid Renewables is honored to work with the Town of Barnstable, which has demonstrated tremendous leadership in helping make offshore wind in the U.S. a reality,” said Bill White, Avangrid Renewables’ President and CEO, Offshore. “By limiting construction to non-summer months, aligning with the Town’s sewer line installation work, and infusing significant revenue to support essential municipal services, this plan is a win-win for the Town of Barnstable and our mutual goal to build transformational clean energy projects like Park City Wind.”
The Park City Wind Host Community Agreement (HCA) is the second offshore wind benefits package signed by the Town of Barnstable, and follows the HCA the town signed for Vineyard Wind 1 in 2018. Avangrid Renewables is a 50% joint owner of the Vineyard Wind project, along with Copenhagen Infrastructure Partners.
As part of the agreement, Avangrid Renewables will pay the town $16 million as a host community fee, above and beyond the applicable commercial taxes that will be assessed by the town. Additionally, Avangrid Renewables will limit construction at the beach and along roadways to the non-summer months and will restore the western portion of the parking lot at Craigville Beach, which will be used for temporary staging. Avangrid Renewables has also committed to taking extra measures, above and beyond standard engineering practice, to protect groundwater in Barnstable.
The Town of Barnstable will support electric transmission cables from the project to make an underground landfall at Craigville Beach and run underground along town roads to a newly constructed substation at Shootflying Hill Road. Avangrid Renewables will coordinate with the planned installation of a municipal sewer line along the onshore route to minimize disruption and defray some of the town’s sewer line roadwork costs.
Park City Wind is an 800 MW offshore wind project that was awarded a contract with Connecticut in 2019. The project will provide enough clean energy to power approximately 400,000 homes per year and cut greenhouse gases by approximately 1.1 million tons annually, the equivalent of taking more than 200,000 cars off the road. In addition to Park City Wind, Avangrid Renewables is developing the 1200 Megawatt Commonwealth Wind project, providing more than 2 GW of clean, renewable energy to the New England market.
Park City Wind is currently engaged in the federal and state permitting process, consulting with tribal and local agencies, including the Barnstable, Edgartown, Nantucket Conservation Commissions, and the Cape Cod Commission. The project is scheduled to be completed in 2026.
About Avangrid Renewables: Avangrid Renewables, LLC is a subsidiary of AVANGRID, Inc. and part of the IBERDROLA Group. It is a leading renewable energy company in the United States, owning and operating a portfolio of renewable energy generation facilities. IBERDROLA, S.A., is an energy pioneer with the largest renewable asset base of any company in the world. Avangrid Renewables is headquartered in Portland, Oregon. For more information, visit www.avangridrenewables.com.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
MEDIA:
Craig Gilvarg
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857-998-1130
Lynne Poyant
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(508) 862-4015
Common Tactical Truck program will replace more than 7,000 heavy trucks with more fuel-efficient vehicles.
INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions for tactical wheeled and tracked defense vehicles, will support multiple customers through the U.S. Army’s newest tactical wheeled vehicle program named the Common Tactical Truck (CTT). CTT has the potential to field more than 7,000 new vehicles once full rate production begins, representing over $150 million in revenue for Allison’s defense end market.
The U.S. Army has proposed replacing most variants in its heavy tactical wheeled vehicle fleet with a single platform that shares a common powertrain, chassis, and cab. The CTT program will leverage advancements from the commercial vehicle industry including driver safety systems, off-road mobility, predictive maintenance, and increased fuel efficiency. Prototype vehicle testing will begin in late 2023 with an award decision occurring as early as 2025.
“Our mission is clear - to improve the way the world works with the most reliable, innovative, and efficient propulsion solutions that deliver the performance, quality and differentiated value propositions our customers have come to expect from Allison,” said Dana Pittard, Vice President, Defense Programs at Allison Transmission.
Allison will support the CTT program’s fuel efficiency targets by incorporating propulsion systems equipped with FuelSense 2.0®, an advanced set of software and electronic controls that deliver fuel savings of up to 6% without sacrificing performance.
Beyond innovative drivetrain products, Allison stands ready to support our customers and CTT’s project development milestones through the state-of-the-art infrastructure available at the Vehicle Electrification and Environmental Test Center (VE+ET), a 60,000 square foot facility located at Allison’s global headquarters in Indianapolis. The venue offers a wide range of seasonally independent vehicle-level testing capabilities applicable to conventional, alternative fuel, electric-hybrid, electric, and hydrogen fuel cell vehicles.
The U.S. Army’s recently released climate strategy includes the goal of transitioning to hybrid-drive tactical vehicles by 2035. Allison has been investing in electric hybrid propulsion systems for decades, and as a result, the company is well positioned to support the defense market in the shift to electric vehicle technology.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release are forward-looking statements, including all statements regarding future financial results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plans,” “project,” “anticipate,” “believe,” “estimate,” “predict,” “intend,” “forecast,” “could,” “potential,” “continue” or the negative of these terms or other similar terms or phrases. Forward-looking statements are not guarantees of future performance and involve known and unknown risks. Factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made include, but are not limited to: the duration and spread of the COVID-19 pandemic, including new variants of the virus and the pace and availability of vaccines and boosters, mitigating efforts deployed by government agencies and the public at large, and the overall impact from such outbreak on economic conditions, financial market volatility and our business, including but not limited to the operations of our manufacturing and other facilities, the availability of labor, our supply chain, our distribution processes and demand for our products and the corresponding impacts to our net sales and cash flow; increases in cost, disruption of supply or shortage of labor, freight, raw materials or components used to manufacture or transport our products or those of our customers or suppliers, including as a result of the COVID-19 pandemic; our participation in markets that are competitive; our ability to prepare for, respond to and successfully achieve our objectives relating to technological and market developments, competitive threats and changing customer needs, including with respect to electric hybrid and fully electric commercial vehicles; the highly cyclical industries in which certain of our end users operate; uncertainty in the global regulatory and business environments in which we operate; the concentration of our net sales in our top five customers and the loss of any one of these; the failure of markets outside North America to increase adoption of fully automatic transmissions; the success of our research and development efforts, the outcome of which is uncertain; U.S. and foreign defense spending; risks associated with our international operations, including increased trade protectionism; general economic and industry conditions; the discovery of defects in our products, resulting in delays in new model launches, recall campaigns and/or increased warranty costs and reduction in future sales or damage to our brand and reputation; our ability to identify, consummate and effectively integrate acquisitions and collaborations; labor strikes, work stoppages or similar labor disputes, which could significantly disrupt our operations or those of our principal customers or suppliers; risks related to our indebtedness; and other risks and uncertainties associated with our business described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information is as of the date of this press release, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in expectations.
Claire Gregory
Director, Global External Communications
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(317) 694-2065
DUBLIN--(BUSINESS WIRE)--The "Global Waste to Energy Market, Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The Waste to Energy market was valued at 53.6 billion US$ in 2021 and is projected to reach 94.5 billion US$ by 2029, at a CAGR of 7.4% during the forecast period.
This report focuses on the Waste to Energy market revenue at the global, regional, and company levels. From a global perspective, this report represents overall Waste to Energy market size by analyzing historical data and future prospects.
Regionally, this report focuses on several key regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Key Points Covered in the Report
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/5fg1at
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust (“REIT”) focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, announced today that it was selected as a 2022 Green Lease Leader by the Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance.
Launched in 2014, Green Lease Leaders sets national standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost-savings, air quality, and sustainability in buildings. Easterly has achieved Silver Recognition for its efforts related to increasing transparency between landlord and tenant on energy and sustainability issues, tracking energy and water usage, utilizing the ENERGY STAR Portfolio Manager platform to both track and disclose scores and data, and including lease clauses around renewable energy usage.
“As Easterly continues to advance its sustainability strategy, we are honored to achieve the milestone of Green Lease Leaders Silver Recognition,” said William C. Trimble, III, Easterly’s Chief Executive Officer. “This award reflects our commitment towards furthering our sustainability strategy while we simultaneously pursue our goal of maximizing value for our shareholders."
About Easterly Government Properties, Inc.
Easterly Government Properties, Inc. (NYSE:DEA) is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased to such agencies either directly or through the U.S. General Services Administration (GSA). For further information on the company and its properties, please visit www.easterlyreit.com.
Easterly Government Properties, Inc.
Lindsay S. Winterhalter
Supervisory Vice President, Investor Relations & Operations
202-596-3947
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TORONTO--(BUSINESS WIRE)--$CBIT #Bitcoin--Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) (“Cathedra” or the “Company”), a Bitcoin company that develops and operates world-class bitcoin mining infrastructure, announces that it has granted to employees of the Company 300,000 restricted share units (the “RSUs”), and 88,841 options to acquire common shares of the Company (the “Options”) under the Company’s long term incentive plan (the “LTIP”). The Options have an exercise price of C$0.35 per share, being the price of the Company’s shares at the close of trading on May 17th, 2022. The Options and RSUs are subject to vesting conditions.
Cancellation of Restricted Share Units
The Company also announces that it has agreed with certain directors and officers of the Company to cancel an aggregate of 300,000 restricted share units previously held by such directors and officers. Under the LTIP, the Company may grant up to an aggregate of 8,000,000 RSUs.
About Cathedra Bitcoin
Cathedra Bitcoin Inc. (TSX-V: CBIT; OTCQX: CBTTF) is a Bitcoin company that develops and operates world-class bitcoin mining infrastructure.
Cathedra believes sound money and abundant energy are the fundamental ingredients to human progress and is committed to advancing both by working closely with the energy sector to secure the Bitcoin network. Today, Cathedra owns 187 PH/s across various sites around the United States and expects to deploy an additional 538 PH/s in 2022. Upon the full deployment of its purchased machines, Cathedra’s hash rate is expected to total 725 PH/s. The Company is focused on expanding its portfolio of hash rate through a diversified approach to site selection and operations, utilizing multiple energy sources across various jurisdictions.
For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.
Cautionary Statement
Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, are forward-looking information. Other forward-looking information includes but is not limited to information concerning: the intentions and future actions of senior management, the intentions, plans and future actions of the Company, as well as the Company’s ability to successfully mine digital currency; revenue increasing as currently anticipated; the ability to profitably liquidate current and future digital currency inventory; volatility of network difficulty and, digital currency prices and the resulting significant negative impact on the Company’s operations; the construction and operation of expanded blockchain infrastructure as currently planned; and the regulatory environment of cryptocurrency in applicable jurisdictions.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.
This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Sean Ty
Chief Financial Officer
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