CHICAGO--(BUSINESS WIRE)--Harbor Capital Advisors, Inc. (“Harbor Capital”) today announced that it is adding to its exchange-traded fund (ETF) lineup bringing a new strategy focused on energy transition to market in early June, upon completion of the registration process. Along with ETFs, Harbor Capital also offers a series of mutual funds and collective investment trusts.

The Harbor Energy Transition Strategy ETF (RENW) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Quantix Energy Transition index (the “Index”). The Index was developed by Quantix Commodities LP, also the Fund’s subadviser.

“We are delighted to add to our growing ETF lineup by launching the Harbor Energy Transition Strategy ETF, providing investors with what we believe is a very timely and compelling investment strategy. The world is undergoing an energy regime shift that has only been accelerated by recent events. We believe this coming shift is probably the largest since the phasing out of whale oil as a primary source of energy in the late 19^th century. Our strategy gives clients the opportunity to invest in, and help facilitate, this transition as the world marches towards a net zero goal,” said Kristof Gleich, President & CIO, Harbor Capital.

“We are thrilled to be partnering again with Don Casturo and his team at Quantix. Their background and decades of experience investing and trading commodities at Goldman Sachs helps make them the ideal partner in managing this strategy for our clients,” added Gleich.

About Harbor Capital
Harbor offers a diverse family of cost-aware investment solutions managed by institutional-caliber firms. We source talented investment teams to manage portfolios and apply a rigorous fiduciary oversight program to monitor their performance and investment decisions. Harbor had combined assets under management of approximately $63.5 billion as of December 31, 2021. For more information, visit www.harborcapital.com.

The Quantix Energy Transition Index
The Quantix Energy Transition Index was developed by Quantix with the objective of providing diversified exposure to the building blocks of the accelerating transition from carbon-intensive energy sources to less carbon intensive sources of energy using commodity futures. Commodity futures that provide exposure to the energy transition theme are considered component candidates for inclusion in the Index. The investment universe of component candidates for the Index consists of futures contracts traded on an exchange in either the United States, Canada, United Kingdom or Europe on the following commodities: copper, aluminum, nickel, zinc, lead, natural gas (U.S.), natural gas (U.K.), natural gas (Europe), silver, palladium, platinum, soybean oil, ethanol, emissions – European Union Allowances (EUA), and emissions – Capital Cost Allowances (CCA). The selection of commodities is subject to periodic review by QCI. Under normal conditions, the Index maintains exposure to at least 10 commodities from its eligible universe. Commodity futures from the component candidates are selected for the Index and weighted based on QCI’s quantitative methodology. Under normal circumstances, the Index is reconstituted and reweighted monthly.

NOTE: INFORMATION CONTAINED HEREIN IS SUBJECT TO COMPLETION OR AMENDMENT. THE REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SEC BUT HAS NOT YET BEEN DECLARED EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS PRESS RELEASE IS NOT AN OFFER TO SELL THESE SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED. AN INDICATION OF INTEREST IN RESPONSE TO THIS ADVERTISEMENT WILL INVOLVE NO OBLIGATION OR COMMITMENT OF ANY KIND.

CALL 1-800-422-1050 TO OBTAIN A PROSPECTUS. BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER A FUND’S INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST.

All investments involve risk including the possible loss of principal.

Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. The ETF is new and has no operating history.

There is no guarantee that the investment objective of the Fund will be achieved. Commodity markets are volatile and values can decline significantly in response to adverse commodity specific, political, regulatory, market and economic conditions. A non-diversified Fund may invest a greater percentage of its assets in securities of a single issuer, and/or invest in a relatively small number of issuers, it is more susceptible to risks associated with a single economic, political, or regulatory occurrence than a more diversified portfolio.

Commodity Risk: The Fund has exposure to commodities through its and/or the Subsidiary’s investments in commodity-linked derivative instruments. Commodity prices are generally affected by, among other factors, the cost of producing, transporting and storing commodities, changes in consumer or commercial demand for commodities, the hedging and trading strategies of producers and consumers of commodities, speculative trading in commodities by commodity pools and other market participants, disruptions in commodity supply, weather, political and other global events, global economic factors and government intervention in or regulation of the commodity or commodity futures markets. The Fund may concentrate its assets in a particular sector of the commodities market (such as metal, gas or emissions products). As a result, the Fund may be more susceptible to risks associated with those sectors.
Concentration/Trading Risk: Only authorized participants (“APs”) may engage in creation or redemption transactions directly with the Fund. Commodity-Linked Derivatives Risk: The Fund’s investments in commodity-linked derivative instruments (either directly or through the Subsidiary) and the tracking of an Index comprised of commodity futures may subject the Fund to significantly greater volatility than investments in traditional securities.
Energy Transition Risk: The commodities included in the Index may become less representative of energy transition trends over time depending upon industry trends, global market conditions, demand constraints, and technological advancements in energy production and renewable energy sources. The Fund’s investments may be significantly impacted by government and corporate policies related to the use of renewable energy technologies, such as electric vehicles, and power sources, such as solar, wind and hydrogen. These investments may also be negatively impacted by the policies and practices of governments, intergovernmental organizations, or corporations that promote or benefit fossil-based systems of energy production; reduced availability of renewable energy sources; slowdowns in new construction; seasonal weather conditions, extreme weather or other natural disasters; and threats of attack by terrorists on renewable energy assets.

Foreside Fund Services, LLC is the Distributor of the Harbor Energy Transition Strategy ETF.

Quantix Commodities LP is a third-party subadviser to the Harbor Energy Transition Strategy ETF.

MEDIA: Hedda Nadler – This email address is being protected from spambots. You need JavaScript enabled to view it.
Andrew Greene – This email address is being protected from spambots. You need JavaScript enabled to view it.

SpartanNash is leveraging its international supply chain network to offer more than $1 million in critical supplies to the people of Ukraine

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Food solutions company SpartanNash (the “Company”) (Nasdaq: SPTN) has shipped to Europe the first of several containers of critical supplies as part of its $1 million commitment to Ukrainians who are in the midst of a humanitarian crisis. SpartanNash’s military division coordinated the export, which included baby formula, diapers, over-the-counter medicines, sports energy drinks and personal hygiene items.

"Collecting product donations in the U.S. is one thing but having the international logistic relationships to get them abroad quickly is another,” said SpartanNash President and CEO Tony Sarsam. “International freight shipping is an extremely delicate and intricate specialty, as so many details go into these journeys, and coordinating these shipments is one of SpartanNash’s global supply chain strengths.”

The overseas and rail journey can take up to 50 days, but SpartanNash was able to expedite this shipment to less than 17 days, taking a route to get as close to the conflict as safely possible in Warsaw, Poland. SpartanNash partnered with Convoy of Hope to receive and distribute the necessities in the hands of Ukrainians across eastern Europe.

“This is a humanitarian disaster, and SpartanNash is uniquely positioned to support Ukrainians in addition to the American military heroes who are serving on the front lines of this crisis,” Sarsam said. “As a People First company, we look for opportunities to provide aid to those in need whenever we can.”

SpartanNash’s military division distributes grocery products so military commissaries and exchanges can deliver a familiar shopping experience to servicemen and women with their favorite USA brands, providing a touch of home regardless of where they are stationed. The Company distributes products to 160 military commissaries and over 400 exchanges located in 39 states and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar, Djibouti, Korea and Japan. SpartanNash distribution centers are strategically located among the largest concentration of military bases in the areas the Company serves and near Atlantic ports.

“In any crisis situation, rapid response is vital, and we are glad to partner with SpartanNash to leverage its expertise in global food logistics,” said Ethan Forhetz, vice president of public engagement for Convoy of Hope. “Getting close to a warzone and responding during a crisis is no simple task. We rely on our disaster response experts and local volunteers to deliver hope to the impacted communities.”

This is just the tip of the spear for SpartanNash, which has dozens of additional donation pallets ready to ship overseas. The Company will continue collecting donations from key vendor partners in the U.S. and working closely with the Convoy of Hope team for on-the-ground distribution in impacted areas throughout Europe.

For more information or to donate to Convoy of Hope, visit convoyofhope.org.

About SpartanNash

SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life through customer-focused innovation. Its core businesses include distributing grocery products to a diverse group of independent and chain retailers, its corporate-owned retail stores, and U.S. military commissaries and exchanges; as well as operating a premier fresh produce distribution network and the Our Family^® brand. SpartanNash serves customer locations in all 50 states and the District of Columbia, Europe, Cuba, Puerto Rico, Honduras, Iraq, Kuwait, Bahrain, Qatar, Djibouti, Korea and Japan. The company owns 145 supermarkets—primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market—and shares its operational insights to drive solutions for SpartanNash food retail customers. Committed to fostering a People First culture, the SpartanNash family of Associates is 19,000 strong and growing. For more information, visit spartannash.com.

Adrienne Chance
SVP, Communications
SpartanNash
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Leading property improvement financing company closes their 12^th ABS Transaction

PETALUMA, Calif.--(BUSINESS WIRE)--Ygrene, one of the nation’s leading property improvement financing providers, announced today the closing of its GoodGreen 2022-1 securitization with the issuance of $344 million PACE – property assessed clean energy – investment-grade debt securities. Since its inception, Ygrene has completed 12 securitization transactions totaling over $2.5 billion, further solidifying its leadership position in delivering innovative financing products that help solve some of today’s most pressing environmental and social issues.

“PACE financing provides an affordable and flexible way for all property owners, regardless of race, gender or credit score, to reduce their carbon footprint and strengthen their properties against natural disasters, such as hurricanes and earthquakes. PACE fundamentally shifts the balance of power in the market and builds equity in underserved communities. It does not discriminate – a critical aspect that makes Ygrene assets so valuable to investors looking to acquire high-quality, income-producing investments that make a real difference in helping people build better lives,” said Greg Saunders, Ygrene Chief Financial Officer.

The GoodGreen securitization provided financing on over 9,000 PACE assets covering residential and commercial properties located in 62 counties in California and Florida. This marks Ygrene’s fourth transaction rated by DBRS Morningstar, a global rating agency with significant experience in the ABS, CMBS, MBS, and other capital market sectors. Deutsche Bank was the lead structuring agent and book runner. Natixis served as co-book runner, and ING as co-manager.

“Once again, it’s an honor to receive a top rating from Sustainalytics, a leading independent environmental, social and governance (ESG) ratings firm, for Ygrene’s exemplary governance, transparency, and impact in mitigating the effects of climate change. We are confident that we will continue to receive this designation in years to come based on the expansion of social impact and consumer protections initiatives,” said Mr. Saunders.

Ygrene has funded over 100,000 projects nationwide resulting in the following estimated lifetime impacts: 125 megawatts of solar installed, reduction of 2.5 million metric tons of carbon emissions, and $2.3 billion in avoided disaster costs in the event of future natural disasters. Ygrene’s work also helps boost local economies, which is estimated to generate $6 billion in lifetime gross economic output and create 53,000 job years. Ygrene is currently available in twenty states with plans to expand to thirty by the end of the year.

About Ygrene

Ygrene's award-winning property improvement financing, with built-in consumer protections, is delivering greater choice for home and business owners by providing access to affordable financing for energy efficiency, renewable energy, water conservation, storm protection, and seismic upgrades. In addition, Ygrene financing has proven to be a successful tool for supporting public policy initiatives -- at no cost to local government. By providing $2.7 billion of private capital to more than 550 local communities, Ygrene funded projects have created an estimated 53,000 job years and invested millions into local economies across the U.S. Learn more at ygrene.com.

Media:
Kelley Perez
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that Trident Energy do Brasil Ltda. (Trident Energy) has exercised their option to extend the field decommissioning contract previously awarded by an additional 12 months. The project, located offshore Brazil in the Pampo and Enchova Clusters in the Campos Basin, is expected to commence in late 2022 for a period of two years with multiple options to extend.

Helix will provide a riser-based well intervention vessel either the Siem Helix 1 or Siem Helix 2, a 10k Intervention Riser System, project management and engineering services and, in conjunction with Helix’s Subsea Services Alliance partner Schlumberger, fully integrated plug and abandonment well services.

Scotty Sparks, Helix’s Executive Vice President and Chief Operating Officer, stated, “We are pleased that Trident Energy has extended this major field decommissioning contract. This is another indication of an improving market for our global well intervention services and aligns well with our recent charter extensions of the Siem Helix 1 and Siem Helix 2.” The Siem Helix 1 charter was extended into the first quarter 2025 and the Siem Helix 2 charter was extended into the first quarter 2027.

Trident Energy owns and operates four platforms in the Campos Basin, and its Brazil operations are part of a global organization backed by Warburg Pincus with a stated focus on operating and redeveloping mid-life oil and gas assets.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations.

For more information about Helix Energy Solutions Group (NYSE: HLX), please visit our website at www.HelixESG.com.

For more information about the Subsea Services Alliance, please visit our website at www.subseaservicesalliance.com.

Erik Staffeldt, Executive Vice President & CFO
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281-618-0465

ROCKVILLE, Md.--(BUSINESS WIRE)--#education--Standard Solar, Inc., a leader in the acquisition, development, ownership and operation of commercial and community solar, is partnering with The Catholic University of America to build the Washington metropolitan region’s largest urban community solar array on the University’s campus in northeast D.C.

The 7.4-megawatt project will provide access to locally generated, renewable energy through the D.C. community solar program to residents, non-profits and businesses. Standard Solar will own, operate and maintain the system.

Generating approximately 10,000 megawatt-hours of solar energy annually, the project will make a significant contribution to the district’s goal of 100% renewable energy by 2032 and carbon neutrality by 2050.

“Catholic University is showing tremendous leadership with this innovative solar project to bring clean energy to the region,” said John Finnerty, Director of Business Development, Standard Solar. “The project goes beyond expanding the University’s sustainability initiatives and environmental stewardship to directly creating benefits for the Washington, D.C. community and generations of students.”

The project will reduce greenhouse gas emissions by an estimated 7.115 metric tons annually, equivalent to removing 1,547 cars from the roads each year.

In addition, the project will provide educational opportunities for students at all levels from K-12 to graduate level. Students will learn about sustainability and environmental stewardship through field trips, STEM projects, and access to a real-time, web-based energy production monitoring tool.

Standard Solar has helped numerous schools and universities in the region and around the country benefit from clean energy and educational opportunities. The economics of the solar projects also allow schools to put more resources into their educational mission.

The solar array will be installed on an undeveloped portion of the University’s 173.4-acre campus, between Harewood Rd. and North Capitol St. NE, north of Michigan Ave. known as the west campus. Acquired in 2004, the area is primarily used for campus operations, including a tree nursery and staging areas for infrastructure projects. The project is currently in the design process, with construction anticipated to begin in 2022.

This project is the latest in Catholic University’s long-term commitment to sustainability. The campus already has 2,700 solar panels; four LEED-certified buildings; EV charging stations; solar carports; a new energy-efficient, central hot and chilled water generation and campus distribution system that replaced a century-old steam system; and a five-year Sustainability Plan. The University was one of the first globally to sign onto a Vatican initiative committing to a plan for environmental sustainability. Catholic recently landed on the Princeton Review’s Guide to Green Colleges for a second year.

Since 2016, carbon emissions on campus have declined by 28%, and every kilowatt of electricity is paid for with renewable energy credits. The University offers more than 150 courses related to sustainability, internships in sustainability, and is sponsoring a conference in April, Climate Change and the Future of Work.

About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 250 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.

For project acquisition and development inquiries, contact John Finnerty, This email address is being protected from spambots. You need JavaScript enabled to view it. and on LinkedIn.

About The Catholic University of America
The Catholic University of America is the national university of the Catholic Church and the only higher education institution founded by the U.S. bishops. Established in 1887 as a papally chartered graduate and research center, the University comprises 12 schools and 31 research facilities and is home to 2,929 undergraduate and 2,130 graduate students.

PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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Outlook Improving as Company Moves Forward; Guidance Unchanged

ATLANTA--(BUSINESS WIRE)--Williams Industrial Services Group Inc. (NYSE American: WLMS) (“Williams” or the “Company”), an energy and industrial infrastructure services company, today reported its financial results for the fiscal fourth quarter ended December 31, 2021.

Recent Highlights

• Williams posted revenue of $79.2 million in the fourth quarter of 2021 compared with $64.1 million in the prior-year period
• The Company reported net income from continuing operations of $0.8 million, or $0.03 per diluted share, in the fourth quarter of 2021 compared with a net loss from continuing operations of $0.7 million, or $(0.03) per diluted share, in the prior-year period; the 2020 fourth quarter included a $1.5 million pre-tax charge for extinguishment of debt related to the Company’s refinancing
• Adjusted EBITDA¹ was $3.6 million for the fourth quarter of 2021 compared with $4.0 million in the prior-year period
• For the full year, the Company reported net income from continuing operations of $2.7 million, or $0.10 per diluted share, and Adjusted EBITDA¹ of $12.7 million compared with net income from continuing operations of $2.0 million, or $0.08 per share, and Adjusted EBITDA¹ of $14.7 million in 2020
• As of December 31, 2021, the Company’s backlog was $631.7 million, compared to $672.5 million as of September 30, 2021, with approximately $188.7 million expected to be converted to revenue over the following twelve months; subsequent to year end, the Company announced that a multi-year contract for nuclear decommissioning at three sites – worth approximately $361 million of backlog through 2029 – had been transferred to a competitor, such that the Company now expects approximately $157.2 million of the backlog to be converted to revenue this year
• The Company announced its financial guidance for fiscal 2022 on January 28, which remains unchanged

“The Company previously announced certain contract and operating losses that adversely impacted last year’s results and our guidance for 2022,” said Tracy Pagliara, President and CEO of Williams. “With these challenges now behind us, we anticipate improving performance and positive developments for the quarters to come. We continue to have a solid, diverse backlog that underscores our confidence in the Company’s future and are bidding on numerous high-growth opportunities within our end markets.

“We finished the year with revenue of $305 million and are encouraged by the expanding, enduring demand for the services Williams provides. Our commitment to customer satisfaction remains paramount. At the same time, we are also aggressively driving new business development and enhanced operational execution as the means to deliver increased margins, higher cash flow and a more effective organization. We believe the Company is well positioned for a return to stable, attractive results, which our investors have come to expect.”

Fourth Quarter 2021 Financial Results Compared to Fourth Quarter 2020

Revenue in the fourth quarter of 2021 was $79.2 million compared with $64.1 million in the fourth quarter of 2020, largely reflecting higher nuclear maintenance and decommissioning work. Gross profit was $9.2 million, or 11.6% of revenue, compared with $9.1 million, or 14.2% of revenue, in the prior-year period, with the lower margin primarily due to changes in project mix.

Operating expenses were $6.8 million compared with $6.5 million in the fourth quarter of 2020, primarily reflecting slightly higher selling, general, and administrative (SG&A) expense. The Company reported operating income of $2.4 million versus $2.6 million in the prior-year period. Interest expense was $1.3 million in the fourth quarter of 2021 versus $1.4 million in 2020, as a result of the Company’s refinancing completed in the fourth quarter of 2020.

The Company reported net income from continuing operations of $0.8 million, or $0.03 per diluted share, in the fourth quarter of 2021 compared with a net loss from continuing operations of $0.7 million, or $(0.03) per diluted share, in the prior-year period. The 2020 fourth quarter included a $1.5 million pre-tax charge for extinguishment of debt related to the aforementioned refinancing completed during the period.

Balance Sheet

The Company’s total liquidity (the sum of unrestricted cash and availability under the Company’s revolving credit facility) was $27.7 million as of December 31, 2021, versus $21.7 million at the end of the third quarter of 2021. As of December 31, 2021, the Company had $2.5 million of unrestricted cash and cash equivalents, $0.5 million of restricted cash, and $32.1 million of bank debt compared with $8.7 million of unrestricted cash and cash equivalents, $0.5 million of restricted cash, and $32.1 million of bank debt as of December 31, 2020.

Backlog

Total backlog as of December 31, 2021 was $631.7 million compared with $672.5 million on September 30, 2021. During the fourth quarter of 2021, the Company recognized revenue of $79.2 million, booked new awards of $36.8 million, and saw net adjustments and cancellations of $1.7 million, reflecting work scope expansion.

In January, the Company announced that it failed to renew a key Canada nuclear contract and that several projects for nuclear decommissioning – worth approximately $361 million of backlog through 2029 – had been transferred to a competitor. With the loss of such business, Williams now estimates that approximately $157.2 million of its adjusted year-end backlog will be converted to revenue within 2022. This compares with $207.4 million of backlog ($157.8 million excluding the aforementioned contracts) as of September 30, 2021 that the Company anticipated would be converted to revenue over the succeeding twelve-month period.

Outlook

The Company provided guidance on January 28, 2022 for the current fiscal year, which remains unchanged.

*See Note 1 — Non-GAAP Financial Measures for information regarding the use of Adjusted EBITDA and forward-looking non-GAAP financial measures.

Webcast and Teleconference

The Company will host a conference call tomorrow, March 17, 2022, at 10:00 a.m. Eastern time. A webcast of the call and an accompanying slide presentation will be available at www.wisgrp.com. To access the conference call by telephone, listeners should dial 201-493-6780.

An audio replay of the call will be available later that day by dialing 412-317-6671 and entering conference ID number 13727028; alternatively, a webcast replay can be found at http://ir.wisgrp.com/, where a transcript will be posted once available.

About Williams

Williams Industrial Services Group has been safely helping plant owners and operators enhance asset value for more than 50 years. The Company is a leading provider of infrastructure related services to blue-chip customers in energy and industrial end markets, including a broad range of construction maintenance, modification, and support services. Williams’ mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to its customers.

Additional information about Williams can be found on its website: www.wisgrp.com.

Forward-looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of the term set forth in the Private Securities Litigation Reform Act of 1995. The forward-looking statements include statements or expectations regarding the Company’s ability to perform in accordance with guidance, build and diversify its backlog and convert backlog to revenue, realize opportunities, including receiving contract awards on outstanding bids and successfully pursuing future opportunities, benefit from potential growth in the Company’s end markets, including from increased infrastructure spending by the U.S. federal government, and successfully achieve its growth, strategic and business development initiatives, including decreasing the Company’s outstanding indebtedness, future demand for the Company’s services, and expectations regarding future revenues, cash flow, and other related matters. These statements reflect the Company’s current views of future events and financial performance and are subject to a number of risks and uncertainties, including the Company’s level of indebtedness and ability to make payments on, and satisfy the financial and other covenants contained in, its debt facilities, as well as its ability to engage in certain transactions and activities due to limitations and covenants contained in such facilities; its ability to generate sufficient cash resources to continue funding operations, including investments in working capital required to support growth-related commitments that it makes to customers, and the possibility that it may be unable to obtain any additional funding as needed or incur losses from operations in the future; exposure to market risks from changes in interest rates; the Company’s ability to obtain adequate surety bonding and letters of credit; the Company’s ability to attract and retain qualified personnel, skilled workers, and key officers, including the potential impact of any applicable COVID-19 vaccination mandate on the Company’s ability to recruit and retain employees; failure to successfully implement or realize its business strategies, plans and objectives of management, and liquidity, operating and growth initiatives and opportunities, including any expansion into international markets and its ability to identify potential candidates for, and consummate, acquisition, disposition, or investment transactions; the loss of one or more of its significant customers; its competitive position; market outlook and trends in the Company’s industry, including the possibility of reduced investment in, or increased regulation of, nuclear power plants, declines in public infrastructure construction, and reductions in government funding; costs exceeding estimates the Company uses to set fixed-price contracts; harm to the Company’s reputation or profitability due to, among other things, internal operational issues, poor subcontractor performances or subcontractor insolvency; potential insolvency or financial distress of third parties, including customers and suppliers; the Company’s contract backlog and related amounts to be recognized as revenue; its ability to maintain its safety record, the risks of potential liability and adequacy of insurance; adverse changes in the Company’s relationships with suppliers, vendors, and subcontractors, including increases in cost, disruption of supply or shortage of labor, freight, equipment or supplies, including as a result of the COVID-19 pandemic; compliance with environmental, health, safety and other related laws and regulations, including those related to climate change; limitations or modifications to indemnification regulations of the U.S.; the Company’s expected financial condition, future cash flows, results of operations and future capital and other expenditures; the impact of general economic conditions including the ongoing economic disruption and any recession resulting from the COVID-19 pandemic; the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, and cash flows, including global supply chain disruptions and the potential for additional COVID-19 cases to occur at the Company’s active or future job sites, which potentially could impact cost and labor availability; information technology vulnerabilities and cyberattacks on the Company’s networks; the Company’s failure to comply with applicable laws and regulations, including, but not limited to, those relating to privacy and anti-bribery; the Company’s ability to successfully implement its new enterprise resource planning (ERP) system; the Company’s participation in multiemployer pension plans; the impact of any disruptions resulting from the expiration of collective bargaining agreements; the impact of natural disasters, which may worsen or increase due to the effects of climate change, and other severe catastrophic events (such as the ongoing COVID-19 pandemic); the impact of corporate citizenship and environmental, social and governance matters; the impact of changes in tax regulations and laws, including future income tax payments and utilization of net operating loss and foreign tax credit carryforwards; volatility of the market price for the Company’s common stock; the Company’s ability to maintain its stock exchange listing; the effects of anti-takeover provisions in the Company’s organizational documents and Delaware law; the impact of future offerings or sales of the Company’s common stock on the market price of such stock; expected outcomes of legal or regulatory proceedings and their anticipated effects on the Company’s results of operations; and any other statements regarding future growth, future cash needs, future operations, business plans and future financial results.

Other important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including the section of the Annual Report on Form 10-K for its 2021 fiscal year titled “Risk Factors.” Any forward-looking statement speaks only as of the date of this press release. Except as may be required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, and you are cautioned not to rely upon them unduly.

Chris Witty
Darrow Associates
646-345-0998
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Sol-REIT to finance over 100 megawatts of Community Solar; Source Renewables to Develop Clean Energy Solar Projects for Underserved Communities.

MIAMI--(BUSINESS WIRE)--#cleanenergyfinance--Sol-REIT, LLC announces an exclusive partnership to finance over 100 megawatts (MW) of community solar development projects, focused within the Northeastern United States, to bring solar to disadvantaged and underserved communities.

Source Renewables, a leader in financing, structuring, and a developer of solar and clean energy projects will develop the projects. Sol-REIT, the first firm to successfully implement the mortgage REIT (Real Estate Investment Trust) model in the solar industry, will provide capital to Source Renewables for construction and long-term financing of solar projects in their pipeline. This partnership disrupts a highly fragmented solar finance market that has traditionally disadvantaged and discouraged middle-market developers due to inequitable and typically inefficient access to capital.

“We are playing our part to address one of the greatest challenges in today’s solar energy market: access to capital for solar developers targeting projects in underserved communities,” stated Mark Settles, CEO of Sol-REIT. “These underserved communities are those who need access to clean renewable energy the most, and Sol-REIT is helping to serve that need in this partnership with Source Renewables.”

Sol-REIT’s financial structure for renewable energy development is first-of-its-kind. It provides access to construction capital and long-term financing for middle-market solar developers who seek to retain equity in their projects. This financing allows developers to maintain ownership beyond Notice-to-proceed (NTP) improving the economics for developers. Sol-REIT applies the proven and robust REIT financial structure used in the commercial real estate industry, to empower solar developers and streamline funding timelines via its proprietary fintech portfolio management system.

By financing solar projects in a similar model to real estate, Sol-REIT offers the potential of solid investor returns with predictable cash flows backed by long-term Power Purchase Agreements (PPAs) with high credit quality off-takers. Sol-REIT is also committed to democratizing the solar industry increasing access to affordable, clean energy to homes, businesses, and governmental entities across North America.

“We are excited to work with Sol-REIT to expand our efforts in providing access to clean energy for all residents in the Northeast region. This is a meaningful partnership between two companies that are committed to transforming the region and bringing over 100 MW of community solar infrastructure to underserved communities,” said Andrew Day, Partner and Founder of Source Renewables.

Source Renewables’ sister company, Source Power Company, enables clean energy access to communities in New York state by committing to the best, focused service with programs and projects targeted to both subscribers and developer sponsors. With its extensive management experience and unparalleled service, the company currently offers the lowest acquisition and operational costs available in the market. Project subscribers can receive benefits from the first day of enrollment, as opposed to waiting for the commercial operation date. Source Power Company can offer a streamlined billing solution, greatly reducing community solar challenges. Property owners can choose to sell or lease their land to Source Renewables. The firm then develops solar farms that are compliant with all municipal zoning guidelines as well as all federal, state, and local environmental regulations.

Over the course of the next two years, this partnership is poised to facilitate the construction of at least 100 MW of solar projects, equal to a potential carbon offset of 3.15 million tons and equivalent to the combined emissions of 558,000 cars in a single year.

“In the current economic climate and the volatility of oil prices, solar and clean energy renewables are becoming increasingly critical to the stabilization of the energy markets,” stated New York State Sen. Kevin Parker. “The need for renewables, like the projects Sol-REIT finance and Source Renewables develop, are of vital importance to this region's energy independence.”

Since 2016, Source Renewables has developed solar projects that produce enough energy to power a city of 20,000 for over 30 years. As one of the few providers sitting at the junction of electric supply and community solar, Source Power is uniquely positioned to help New York's disadvantaged communities and the developers of community solar projects in taking advantage of this vital new program.

About Sol-REIT:

Sol-REIT revolutionizes clean energy financing by providing innovative construction-to-permanent loans for middle-market solar developments across North America. This segment is remarkably underserved in today’s renewable energy market.

Led by a team of industry experts experienced in solar development, real estate lending, REITs, and fixed income, Sol-REIT is the first investment vehicle to bring mortgage REITs to the renewables market.

In the process, Sol-REIT strives to play an important role in reducing the global carbon footprint.

By financing solar similar to real estate, Sol-REIT offers flexible financing for solar projects that matches the asset’s operational life while empowering solar developer entrepreneurs to become long-term owners of their own projects. Sol-REIT is currently financing individual solar projects with an average loan size of $5 million to $50 million. For more information, visit https://www.sol-reit.com

About Source Renewables

Source Renewables is a vertically integrated renewable energy company focused on the development and financing of distributed solar generation and energy storage projects throughout New York. Bolstering Source Renewables’ mission is its sister, Source Power Company, a regulated Energy Service Company, and Distributed Energy Resource Supplier. The combined entities pair retail energy supply with customer management for community distributed generation projects. This innovative approach is disrupting the energy industry by providing cost savings to retail energy customers while enhancing returns for its development partners. Source's unique and creative solutions will help New York meet its renewable energy goals to reduce the local effects of climate change and strengthen the communities it serves.

About Source Power Company:

Source Power Company is a regulated Energy Service Company and Distributed Energy Resource Supplier in New York State. Source Power provides innovative solutions that pair energy supply with renewable energy generation, providing a unique value proposition to customers and advancing the state’s clean energy goals. With roots in the solar development industry through its sister company Source Renewables, Source Power sits strategically at the intersection of project finance, renewable generation, and energy supply. This allows Source Power to match solar generation with power consumers and use its vertical integration to ensure efficiencies are passed along to customers at competitive prices. Source Power represents a reboot of the retail energy industry and is on a mission to improve products and services, through advanced technology and superior customer experience, while helping the environment and strengthening the communities it serves. Find out more about Source Power Company on its website: https://sourcepowerco.com/.

Media Contact:
Sid Robinson, APR
Sol-REIT / (909) 227-9589
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Media Contact:
Alyssa Pfitscher
Source Renewables / 845-594-7290
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PLANO, Texas--(BUSINESS WIRE)--#Blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or “the Company”) today announced three new lease agreements with large private landowners in Louisiana, securing additional exclusive rights to develop significant carbon dioxide (CO₂) sequestration projects in high quality, high-capacity reservoirs underlying deep sealing formations along the state’s industrial corridor.

Two of the agreements cover a contiguous area of approximately 84,000 acres located approximately thirty miles southeast of New Orleans, Louisiana. Denbury estimates this site will provide more than 500 million metric tons of potential CO₂ sequestration capacity. The Company plans to initially connect emissions from nearby industrial facilities to this site, with future plans for a pipeline connection to the Company’s Green Pipeline in Donaldsonville, Louisiana. The planned pipeline route is within 10 miles of multiple industrial sources that collectively emit over 20 million metric tons of CO₂ annually. The Company believes that this site will provide an economic, large-scale solution for the transportation and permanent sequestration of captured industrial emissions along the Louisiana industrial corridor between Donaldsonville and lower Plaquemines Parish.

Denbury also executed a new pore space agreement adjacent to the acreage leased under the Company’s recently announced agreement near Donaldsonville, Louisiana. This new agreement expands the potential volume of CO₂ that the Company estimates can be sequestered at the combined site to more than 220 million metric tons, approximately a 50% expansion to the original site. The combined 11,000-acre site is located less than 10 miles from the Company’s existing CO₂ pipeline infrastructure, and there are approximately 30 million metric tons of CO₂ currently emitted annually within a 20-mile radius of the site.

Chris Kendall, Denbury’s President and Chief Executive Officer, commented, “These agreements further cement Denbury’s position as the definitive leader in CCUS, and we are continuing to advance negotiations with multiple industrial partners whose captured emissions would be stored in these sites. Today, through our unrivaled CO₂ pipeline infrastructure and enhanced oil recovery operations, Denbury is uniquely able to provide transportation and certainty of storage capacity for captured industrial CO₂ emissions. Looking forward, we are poised for continued growth and success in the emissions-intensive Gulf Coast region, as we significantly expand our storage capacity through the addition of a diverse portfolio of sequestration sites, exemplified by the agreements announced today.”

Denbury now has exclusive rights to develop pore space storage with an estimated capacity of more than 1.4 billion metric tons of CO₂. Denbury’s leadership position in CCUS is supported by over 20 years of experience transporting and injecting CO₂ underground and more than 1,300 miles of CO₂ pipelines through which the Company is currently moving in excess of 14 million metric tons of CO₂ annually.

ABOUT DENBURY

Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO₂ in its EOR operations and since 2012 has been active in CCUS through the injection of captured industrial-sourced CO₂. The Company currently injects over three million tons of captured industrial-sourced CO₂ annually, and its objective is to fully offset its Scope 1, 2, and 3 CO₂ emissions within this decade, primarily through increasing the amount of captured industrial-sourced CO₂ used in its operations. For more information about Denbury, visit www.denbury.com.

The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging Denbury’s unique capabilities and assets that were developed over the last 20-plus years through its focus on CO₂ EOR.

Follow Denbury on Twitter and Linkedin.

This press release uses the term “agreement” to refer to both executed definitive agreements and executed term sheets covering various CCUS arrangements. These arrangements are subject to technical and feasibility evaluations, and in the case of certain of the CO₂ transportation, utilization and storage term sheets, the building of new industrial facilities in future years.

This press release contains forward looking statements that involve risks and uncertainties, including the nature and extent of agreements reached with nearby emission capture facilities, along with the results of Denbury’s pre-injection period tests and assessments. These statements are based on engineering, geological, financial and operating assumptions that the Company believes are reasonable based on currently available information; however, their achievement are subject to a wide range of business risks, and there is no assurance that these goals and projections can or will be met. Actual results may vary materially. In addition, any forward-looking statements represent the Company’s estimates only as of today and should not be relied upon as representing its estimates as of any future date. The Company assumes no obligation to update these forward-looking statements.

DENBURY CONTACTS:
Brad Whitmarsh, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.

METAIRIE, La.--(BUSINESS WIRE)--Biloxi Marsh Lands Corporation (BLMC) announces that the 2022 Annual Meeting of Shareholders will be held on Wednesday May 11, 2022 at 10:30 a.m. at our office in Metairie, Louisiana.

The Company has posted its results for the fourth quarter of 2021 and the 12 months ended December 31, 2021 on the Company’s website www.biloximarshlandscorp.com.

Effective March 9, 2022 the Company entered into a long-term CO₂ Injection Agreement with Denbury Carbon Solutions, LLC, the carbon capture, utilization, and storage (“CCUS”) business subsidiary of Denbury, Inc. (NYSE: DEN). This agreement allows the injection and sequestration of CO₂ beneath the Company’s property located in St. Bernard Parish, LA.

The Company recommends that investors and all interested parties visit its website to view historical press releases, historical financial statements, and other relevant information. All inquiries should be made through the Contact Mailbox on the Company’s website: http://www.biloximarshlandscorp.com/contact/.

Biloxi Marsh Lands Corporation
Eric Zollinger: 504-837-4337

SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today announced it has recently been awarded contracts totaling in excess of $15.5 million in Saudi Arabia and Egypt. Projects will be executed in Perma-Pipe’s facilities during Q1 2022.

The newly awarded projects are part of major infrastructure developments in King Salman Park, Security Forces Medical City – Riyadh, King Abdullah International Gardens, Saudi Arabia, and Ain Shams University in the New Capital City, Egypt. The projects will utilize Perma-Pipe’s XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing, fabrication and coating capabilities. The PermAlert® leak detection system will also be supplied with the insulated pipelines.

Raed Al Saleh, General Manager for Perma-Pipe Saudi Arabia states, “We are delighted with these contract awards at the start of 2022, which is shaping up to be another successful year.”

Adham Sharkawy, General Manager for Perma-Pipe Egypt stated, “This is another significant award from EGEMECH following on from our success with a similar project in Al-Alamin, Egypt in 2021. This product diversification strengthens our position in the market and we thank EGEMECH for continuing to place their trust and confidence in Perma-Pipe.”

Saleh Sagr, Sr., Vice President for Perma-Pipe’s MENA region commented, “We are very appreciative for all these customers that placed their trust in Perma-Pipe to execute these projects. We value our existing relationships as well as our new ones and look forward to providing our services to these customers.”

David Mansfield, President and CEO commented, "We are pleased to have won the confidence of new customers, and to have the opportunity to continue to demonstrate our capabilities to our existing customers. It is also encouraging to see the continuing opportunities in these markets after the disruptions caused by the events of the past two years. This is a good start to the current year and it provides us with a solid foundation to continue our success into 2022.”

Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at thirteen locations in six countries.

David Mansfield, President and CEO
Perma-Pipe Investor Relations
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847.929.1200

LEMONT, Ill.--(BUSINESS WIRE)--With the sale of electric vehicles on the rise, the race is on to build a network of convenient, affordable electric vehicle charging stations to keep the cars running.

In line with U.S. goals to shift away from fossil-fuel burning vehicles, the $1.7 trillion Bipartisan Infrastructure Law allocated $5 billion to states to build a network of 500,000 electric charging stations across the nation by the end of the decade

The environmental benefits of ​“going electric” are clear. But states competing for a piece of federal funding will need to demonstrate economic benefits related to installing charging stations, including the potential to generate jobs.

To aid that effort, scientists at the U.S. Department of Energy’s (DOE) Argonne National Laboratory recently launched JOBS EVSE (electric vehicle supply equipment). The online tool allows users to quickly estimate the economic impacts associated with the development, construction and operation of electric vehicle charging stations.

“Given the emphasis on electrifying our transportation system, the JOBVS EVSE tool is valuable for determining the job creation potential of installing electric vehicle charging stations for individual states, regions or the entire U.S.,” said Marianne M. Mintz, principal transportation systems analyst at Argonne. ​

The JOBS EVSE model is part of Argonne’s suite of JOBS tools that use anticipated dollar flows within a specific economy to estimate the economic impact of installing alternative technologies. JOBS EVSE was developed with funding from the DOE’s Vehicle Technologies Office. The tool is built on a Microsoft Excel-based platform.

The JOBS EVSE model was developed by Yue Ke, a postdoctoral researcher at Argonne. The model focuses solely on the electric vehicle supply equipment that will be needed by different types of charging stations.

Users can create their own specific scenarios in the JOBS EVSE tool including geographic region, number of charging stations, electricity price and other factors.

The model factors in the charging station equipment, investment, operating costs and revenues for the entire energy supply chain and the related economic growth. The JOBS EVSE tool analyzes the operations and maintenance costs of a charging station for up to 10 years.

Along with the $5 billion in federal funding for charging stations, the infrastructure law allocated another $2.5 billion for local grants, primarily to fill gaps in the charging networks located in rural areas and disadvantaged communities.

Christopher J. Kramer
Head of Media Relations
Argonne National Laboratory
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Office: 630.252.5580

NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) will issue its first quarter 2022 earnings release after the close of the New York Stock Exchange on Wednesday, April 27, 2022. The Company will also host its first quarter 2022 earnings conference call on Thursday, April 28, 2022, at 1 p.m. London time (8 a.m. New York time).

The event will be webcast live and can be accessed through the TechnipFMC website (investors.technipfmc.com) or at https://edge.media-server.com/mmc/p/ah4w9vad.

An archived version will be available on the website following the webcast.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC utilizes its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
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James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
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Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
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Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
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Incentivizes the Reduction of Greenhouse-Gas Emissions on University Campuses

SAN FRANCISCO--(BUSINESS WIRE)--Today, Pacific Gas and Electric Company (PG&E) announced it proposed a new pilot to help California universities reduce greenhouse-gas (GHG) emissions in support of the state’s bold climate goals. If approved by the California Public Utilities Commission (CPUC), PG&E would team up with the University of California (UC) and California State University (CSU) systems to introduce a Clean Energy Optimization Pilot (CEOP) to campuses across Northern and Central California.

First unveiled by Southern California Edison for UC and CSU campuses in their service area, the program focuses on substantially lowering GHG emissions at the source. Universities would receive incentives directly based on their GHG reductions. PG&E also proposes to consider the expansion of this program to similarly situated customers in the future.

“Reducing greenhouse gas emissions is one of the most critical and impactful steps an organization can take to reduce its environmental impact. Innovative and collaborative programs like the Clean Energy Optimization Pilot are essential to the future of a clean California, and PG&E is proud to collaborate with California universities on this exciting proposal,” said Aaron August, PG&E vice president of business development and customer engagement.

In the CPUC filing, PG&E seeks to use approximately $50 million of unspent, unallocated GHG auction revenues over a four-year period. Funding would result from California’s Cap-and-Trade Program, not from customer rates.

UCs and CSUs in PG&E’s service area would be eligible. Participants could take a variety of steps to receive incentives, including:

• Retrofitting buildings to be more energy efficient
• Building new construction efficiently with energy usage top of mind
• Investing in on-site renewables, such as solar, and energy storage
• Installing electric vehicle charging stations and electrifying customers’ fleets to run on clean electricity

If approved, the program could begin as early as 2023 and would run for four years.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:
415-973-5930

DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) today announced that Tom McCormick, President and Chief Executive Officer, and Ken Dodgen, Chief Financial Officer, will participate in the DA Davidson Inaugural EV & Energy Transition Virtual Conference on Tuesday, March 22, 2022, and the UBS 16th Annual Infrastructure Solutions Virtual Conference on Wednesday, March 23, 2022.

A copy of the Company’s presentation will be posted to the Company’s Investor Relations section of its website, www.primoriscorp.com, before the opening of trading on the NASDAQ on the same day.

About Primoris

Primoris Services Corporation is a leading provider of specialty contracting and critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, electrical transmission and distribution systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.

Brook Wootton
Vice President, Investor Relations
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AltaSea is the only nonprofit organization in LA focused on climate change and job creation to receive funding.

LOS ANGELES--(BUSINESS WIRE)--Senator Alex Padilla (CA) has announced that he has secured $600,000 in funding for AltaSea’s Ocean STEM Pathways program at the Port of Los Angeles, a major win for the nonprofit and the Los Angeles community. AltaSea is the only nonprofit organization in Los Angeles focused on climate change and job creation to receive this federal community project funding.

AltaSea’s Ocean STEM Pathways program will provide Los Angeles area students with hands-on educational experiences in four sectors of the Blue Economy: sustainable aquaculture, ocean exploration and mapping, clean energy, and underwater robotics.

“I am proud to have secured funding that will give LA students STEM learning experiences in the emerging Blue Economy – a vital and growing sector of California’s 21st century economy,” Senator Alex Padilla said. “This program will provide students in underserved communities a pathway to good-paying jobs that tackle climate change and our most pressing challenges. I look forward to AltaSea continuing to make a mark on Southern California by convening experts to advance blue technology and ocean conservation.”

AltaSea’s growing campus is primed to be the hub of the emerging blue economy, which is projected to create well over 126,000 direct jobs in LA County alone, paying a combined $37.7 billion in wages by 2030. AltaSea’s signed anchor tenants to occupy various locations on the 35-acre campus include the University of Southern California, the University of California, Los Angeles, the Southern California Marine Institute (made up of 23 universities, colleges, and institutes), Braid Theory, Holdfast Aquaculture, Montauk Technologies, and Pacific Mariculture.

Also among AltaSea’s tenants is famed oceanographer and explorer Dr. Robert Ballard’s Ocean Exploration Trust (OET) and the research vessel Nautilus, which docks at AltaSea. Dr. Ballard is best known for his historic discoveries of hydrothermal vents, the sunken R.M.S Titanic, the German battleship Bismarck, and many other shipwrecks around the world. OET has plans to build a 10,000 square foot interactive research and educational center at AltaSea.

“Senator Padilla understands that the Blue Economy’s growth is critical to our battle against climate change, and this funding underscores the importance of investing in the next generation,” said AltaSea CEO Terry Tamminen, former California EPA Secretary. “We are grateful to Senator Padilla and his staff for prioritizing the Los Angeles community and our planet in his community project funding.”

In October 2021, AltaSea announced that the State of California provided $6 million to help fund the renovation of its historic warehouses and wharfs, which will help make AltaSea the largest hub of the emerging blue economy on the West Coast. The Port of Los Angeles matched the State’s contribution for a total of $12 million in funding.

About AltaSea at the Port of Los Angeles

AltaSea at the Port of Los Angeles, located on 35 acres at North America’s leading seaport by both container volume and cargo value, is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world.

For more information on AltaSea, please see our website: https://altasea.org.

Jacob Scott
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412-445-7719

OSLO, Norway--(BUSINESS WIRE)--#Alkaline--Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has received an order for an alkaline electrolyser system to provide green hydrogen for producing food from CO₂ and electricity.

The new Solar Foods production facility, called Factory 01, is under construction in Vantaa, Finland. The company estimates that the commercial Solein® production will begin in the first half of 2023 and Factory 01 will serve as Solar Foods' platform for scaling up production. Solein is produced using a bioprocess where microbes are fed with gases (carbon dioxide, hydrogen and oxygen) and small amounts of nutrients.

“This project shows again the growing opportunities for green hydrogen solution. We are very pleased to be working with Solar Foods”, said Henning Langås, Sales Director for Nel Hydrogen Electrolyser AS.

“We are excited to proceed in the construction of Factory 01 on schedule. Nel is supplying technology for a core process steps. We cannot wait to ramp-up the facility in 2023”, said Ville-Veikko Vaaranmaa, Project Director for Solar Foods.

The purchase orders have a value of approximately EUR 2 million, and delivery of the equipment is expected to be late-2022 / early-2023.

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.

This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Wilhelm Flinder, Head of Investor Relations, at NEL ASA on the date and time provided.

Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of IR, +47 936 11 350
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The AGV H2 follows the launch of GAUSSIN’s hydrogen-powered fuel cell ATM and APM vehicles

HÉRICOURT, France--(BUSINESS WIRE)--GAUSSIN (EURONEXT GROWTH ALGAU - FR0013495298), a pioneer in the clean and intelligent transport of goods and people, announces the launch of the world's first hydrogen-powered fuel cell Automated Guided Vehicles (AGV H2) for seaports. These new vehicles complement GAUSSIN’s range of hydrogen-powered vehicles following the release of the hydrogen-powered fuel cell ATM and APM. The AGV can be autonomously driven in infra-structureless and mixed traffic environment. It will help port operators switch to zero-emission immediately and provide longer operating hours, shorter and less frequent refuelling, as well as quiet and efficient transportation.

GAUSSIN’s state-of-the-art, complementary solution for port operators

Ports traditionally rely on diesel-powered trucks and tractors operating in a cluster environment are involved in moving cargo to and from ships. This contributes significantly to CO² emissions. Many feasibility studies have shown that ports are ideal locations for hydrogen-powered transport trucks and container handling equipment as they are a natural place for hydrogen transportation, storage, and refuelling sites for various applications. With hydrogen production costs dropping more than 50% since 2015, hydrogen-powered fuel cell vehicles are now a viable solution for port operators to meet both the operation efficiency and green targets.

A new vehicle with strong performances

The H2 AGV shows strong and distinctive performance, which are detailed below:

Application: Containers
Payload: 65t
Maximum speed: 25 km/h
Drive line: 4x4
Front axle capacity: 50t
Rear axle capacity: 50t
Traction motor: 2*226kW permanent magnet
Fuel Cell: 45kW
H2 tank capacity: 20kg @350bar
Battery capacity: 60kwh
Autonomy with H2: 15 hours
Additional autonomy with Batteries: 3 hours

“Once again, we are expanding our range of hydrogen-powered fuel cell products to support the zero-emission drive in the port sector. We believe our H2 AGV will contribute significantly to the operation efficiency expected in this demanding environment,” said Christophe Gaussin, CEO of GAUSSIN.

Next steps

Open Days in Héricourt: March 17 & 18
Meet4Hydrogen in Toulon: March 23-24
H2 Racing Truck World Tour in Marseille: March 25
GAUSSIN Investor Days in Héricourt: March 28-29-30
Paris Investor Access: April 4
H2 Racing Truck World Tour à Zeebrugge: April 6
Publication of 2021 results: April 26
Advanced Clean Transportation (ACT) Expo in Los Angeles: May 9 to 12

About GAUSSIN

GAUSSIN is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular. With more than 50,000 vehicles worldwide, GAUSSIN enjoys a strong reputation in four fast-expanding markets: port terminals, airports, logistics and people mobility. The group has developed strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Postal, Parcel & Airport Logistics in the airport field, Bolloré Ports and ST Engineering in ports and Bluebus for people mobility. GAUSSIN has broadened its business model with the signing of license agreements accelerating the diffusion of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of intelligent and clean vehicles.

In October 2021, GAUSSIN won the Dubai World Challenge for Self-Driving Transport.

In January 2022, GAUSSIN successfully completed the 2022 Dakar Rally with its H2 Racing Truck, the first hydrogen-powered vehicle to enter the race and generate zero CO2 emissions.

In March 2022, Christophe Gaussin was named “Hydrogen Personality of the year” at the Hydrogénies - Trophées de l'hydrogène ceremony held at the French National Assembly.

GAUSSIN has been listed on Euronext Growth in Paris since 2010.

More information on www.gaussin.com.

For more information on GAUSSIN, go to www.gaussin.com

* This document may contain forward-looking information. Such forward-looking information refers to future prospects, developments and strategies of Gaussin and is based on an analysis of expected future results and estimates of amounts that are not yet determinable to date. Forward-looking information naturally contains elements of risk and uncertainty relative to events and therefore dependent on circumstances which may or may not occur in the future. Gaussin draws your attention to the fact that forward-looking information provides no guarantee concerning its future performance or financial situation, financial results or trends in the sector in which Gaussin operates, and which may significantly differ from those proposed or suggested in the forward-looking statements contained in this presentation. Furthermore, even though the financial position of Gaussin, its performance and trends in the sector in which Gaussin operates comply with the forward-looking information contained in this presentation, such performance or trends may not be a reliable indication of the company’s future performance or prospects. Gaussin is not committed to updating or confirming analysts' expectations or estimates or to publicly correcting any information or event in order to reflect an event or circumstance eventually occurring following this presentation.

GAUSSIN
Christophe Gaussin, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)3.84.46.13.45

Ulysse Communication
Nicolas Daniels, This email address is being protected from spambots. You need JavaScript enabled to view it.
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LHA Investor Relations – USA
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RooneyPartners - USA
Jeanene Timberlake, This email address is being protected from spambots. You need JavaScript enabled to view it.
(646) 770-8858

NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (together with its affiliates, “NFE”) announced today the execution of two 20-year Sale and Purchase Agreements (SPA) with Venture Global LNG (“Venture Global”). Under the deals, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG facilities in Louisiana.

Under the first agreement, NFE will purchase 1 MTPA of LNG from Venture Global’s Plaquemines LNG export facility in Plaquemines Parish, Louisiana for a term of 20 years.

“We are pleased to partner with Venture Global as we advance our mission of providing customers around the world with access to low-carbon natural gas and affordable electricity,” said Wes Edens, Chairman and CEO of NFE. “These volumes support our plan to expand and diversify our stable natural gas supply portfolio to meet the growing needs of our customers in a structurally short global natural gas market.”

In addition to 1 MTPA from Plaquemines LNG, NFE agreed to purchase an additional 1 MTPA of LNG from Venture Global’s CP2 LNG facility, located in Cameron Parish, Louisiana, adjacent to Venture Global’s existing Calcasieu Pass LNG facility. In December 2021, Venture Global filed a formal application requesting authorization from the Federal Energy Regulatory Commission (FERC) to site, construct, and operate the 20 MTPA nameplate capacity CP2 LNG facility.

“Venture Global is proud to enter into a long-term LNG partnership with New Fortress Energy. Our companies share a commitment to keeping energy markets well supplied while also advancing clean energy goals, through the export of low-cost US LNG to emerging economies,” said Mike Sabel, Chief Executive Officer of Venture Global LNG. “The CP2 LNG facility, adjacent to Calcasieu Pass, will build on our vision of making Louisiana an international hub for innovation to enhance global energy security.”

The effectiveness of each agreement is subject to customary terms and conditions.

About New Fortress Energy Inc.

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

About Venture Global LNG

Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global’s first facility, Calcasieu Pass, commenced producing LNG in January 2022. The company is also constructing or developing an additional 60 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities.

Cautionary Language Regarding Forward-Looking Statements

This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these terms or other comparable words. Forward looking statements include but are not limited to: the supply and delivery and receipt of LNG in required volumes, including the ability to supply and purchase and receive additional volumes of LNG; the development, construction and operation of the required facilities; the receipt of authorizations and permits for the construction, development and operation of the facilities; the duration of the LNG supply under the SPA for the specified term and without interruption; NFE’s ability to advance its mission and of using these volumes to support its expansion and diversification plans; the anticipated benefits of the partnership and the facilities, including the CP2 LNG facility; the anticipated benefits from the Venture Global and NFE partnership; and the development and implementation of Venture Global’s Carbon Capture and Sequestration (CCS) projects at its LNG facilities. These forward-looking statements are necessarily estimates based upon current information and involve a number of risks, uncertainties and other factors, many of which are outside of the Company’s control. Actual results or events may differ materially from the results anticipated in these forward-looking statements. Specific factors that could cause actual results to differ from those in the forward-looking statements include, but are not limited to: the ability to deliver, purchase or receive physical delivery of LNG in sufficient quantities to satisfy delivery obligations under the SPA and to satisfy NFE’s obligations to its customers; failure of anticipated energy consumption growth to materialize; risks related to the development, construction or commissioning schedule for the facilities; the receipt of permits, approvals and authorizations from governmental and regulatory agencies on a timely basis or at all; the funding of the project may not be possible on the terms we expect; the risk that our projects will not provide our customers with access to low-carbon natural gas and affordable electricity around the world; the risk that our customer base and projects will not grow or be successful in line with our expectations or plans; and risks related to the implementation of our business strategy; failure to develop and maintain strategic relationships and partnerships. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.

Any forward-looking statement speaks only as of the date on which it is made, and we undertake no duty to update or revise these forward-looking statements, even though our situation may change in the future. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in New Fortress Energy Inc.’s annual and quarterly reports filed with the Securities and Exchange Commission, which could cause its actual results to differ materially from those contained in any forward-looking statement.

IR & Media:
Brett Magill
Managing Director & Head of Investor Relations
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NASHVILLE, Tenn.--(BUSINESS WIRE)--Nissan is making changes to the management team for North America as it strengthens momentum for its Nissan NEXT transformation plan and continues to build a stronger business and rapidly advance the future vision outlined in Nissan Ambition 2030.

The leadership changes, effective April 1, are in the areas of Marketing & Sales, Manufacturing and Supply Chain Management, Research and Development (R&D), 4R & Battery Business and Legal, Sustainability & External Affairs.

Jeff Pope, group vice president, INFINITI Americas, is named division vice president, Dealer Network Development & Customer Quality, Nissan & INFINITI, U.S. and Canada. He replaces David Kershaw who elected to retire from Nissan. Kershaw served in a variety of roles during his 32 years with Nissan, most recently in a critical leadership role as Nissan transformed its U.S. retail business.

Kim Less, director, Aftersales Supply Chain Management (SCM), is promoted to vice president, Aftersales, U.S. Less replaces Michael Soutter who is named corporate vice president, Global Aftersales, Nissan Motor Company, Japan.

Pope and Less will report to Mike Colleran, corporate vice president, Nissan Motor Co., Ltd. (NML), and senior vice president, U.S. Marketing and Sales.

Tiago Castro, senior director, Sales & Marketing, Nissan Brazil, is named regional vice president, Nissan Midwest Region, replacing Craig Keeys who is promoted to group vice president, INFINITI Americas. Castro will report to Judy Wheeler, division vice president, Nissan U.S. Sales & Regional Operations. He will be based in Aurora, Illinois.

David Sliger, interim head of Nissan Canton Manufacturing Operations, is promoted to vice president, Manufacturing, Nissan Canton Vehicle Assembly Plant. Sliger will report to David Johnson, senior vice president, Manufacturing & Supply Chain Management, Nissan North America.

Yasuhiro Azuma, general manager, Infiniti segment Chief Vehicle Engineer and Technology Planning department, R&D, NML, is named vice president, Vehicle Program Engineering.

Hiroki Sasaki, vice president, R&D and External Affairs, Nissan China Investment Co., is named vice president, Platform & Technology Engineering.

Azuma-san and Sasaki-san will report to Chris Reed, regional senior vice president, R&D, Nissan Americas.

Kent O’Hara, senior vice president, Global Aftersales, Nissan Motor Company, Japan, returns to the U.S. in a newly created role of president, 4R Energy, U.S. O’Hara will have responsibility for building the fast-growing business opportunity to reuse, resell, refabricate and recycle electric vehicle batteries. This effort will enhance the overall competitiveness of Nissan’s EV business and bring new revenue streams for the company. He will report to Jérémie Papin, chairperson, Nissan Americas.

Jason Menges, director and assistant general counsel, Regulatory and Product Safety, is promoted to vice president and general counsel, Legal, North America. Menges will report to Andrew Tavi, regional senior vice president, Legal, Sustainability & External Affairs, Nissan Americas.

For more information about our products, services and commitment to sustainable mobility, visit nissanusa.com. You can also follow us on Facebook, Instagram, Twitter and LinkedIn and see all our latest videos on YouTube.

Media Contact
Ashli C. Bobo
Director, Corporate Communications
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HOUSTON--(BUSINESS WIRE)--Natural Resource Partners L.P. (NYSE: NRP) announced today that the 2021 tax packages for unitholders, including the individual K-1 tax information, are available on its website www.taxpackagesupport.com/naturalresource. The K-1 tax information will also be mailed commencing today, Wednesday, March 16, 2022. For additional K-1 tax information and unitholder support, unitholders may call toll free (888) 334-7102.

Company Profile

Natural Resource Partners L.P., a master limited partnership headquartered in Houston, TX, is a diversified natural resource company that owns, manages and leases a diversified portfolio of properties in the United States including coal, industrial minerals and other natural resources, as well as rights to conduct carbon sequestration and renewable energy activities. NRP also owns an equity investment in Sisecam Wyoming LLC, one of the world’s lowest-cost producers of soda ash.

Further information regarding Natural Resource Partners may be found on the website at www.nrplp.com.

Tiffany Sammis
713-751-7515
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