HOUSTON--(BUSINESS WIRE)--Natural Resource Partners L.P. (NYSE:NRP) today reported fourth quarter and full year 2021 results as follows:

"Strong demand for metallurgical coal, thermal coal and soda ash in the fourth quarter produced one of the best quarters in terms of free cash flow generation in the Partnership’s history," stated Craig Nunez, NRP's President & Chief Operating Officer. "While COVID-19 remains a risk factor for the global economy, we expect to generate robust free cash flow in the months ahead and plan to continue using that cash to pay down debt, solidify our capital structure and maintain common unit distributions."

Mr. Nunez continued, "We also closed our first carbon sequestration transaction in the fourth quarter, receiving $13.8 million in exchange for agreeing to sequester 1.1 million tonnes of carbon dioxide ("CO₂") in our West Virginia forestland. We announced our second carbon sequestration transaction earlier this quarter after granting Denbury the right to develop a world-class subsurface CO₂ sequestration project on 75,000 acres of underground pore space we control in southwest Alabama, which Denbury believes has the potential to store over 300 million tonnes of CO₂. We expect this project, if developed, to be the first of what will potentially be numerous subsurface carbon sequestration projects conducted on the approximately 3.5 million acres where we own the rights to sequester CO₂ underground across the United States. These projects have the potential to provide important benefits to the environment and add significant value to NRP over the coming years.”

NRP's liquidity was $235.5 million at December 31, 2021, consisting of $135.5 million of cash and $100.0 million of borrowing capacity available under its revolving credit facility.

NRP redeemed at par all 19,321 of its paid-in-kind 12.0% Class A Convertible Preferred Units for $19.6 million in cash in accordance with their terms and including accrued interest. Following the redemption, no paid-in-kind preferred units remain outstanding. Additionally, NRP declared a fourth quarter 2021 cash distribution of $0.45 per common unit and a $7.5 million cash distribution on the preferred units. Future distributions on NRP's common and preferred units will be determined on a quarterly basis by the Board of Directors. The Board of Directors considers numerous factors each quarter in determining cash distributions, including profitability, cash flow, debt service obligations, market conditions and outlook, estimated unitholder income tax liability and the level of cash reserves that the Board determines is necessary for future operating and capital needs.

Segment Performance

Mineral Rights (segment formerly named Coal Royalty and Other)

NRP has changed the name of its Coal Royalty and Other business segment to Mineral Rights. This name change highlights NRP’s vast mineral ownership interests as well as its intensifying focus on leveraging the Partnership's asset footprint across the United States, including subsurface carbon sequestration rights, to become a key player in the transitional energy economy for the years to come. There has been no change to the composition of this reportable business segment or the structure of NRP's internal organization in connection with this name change.

Mineral Rights net income for the fourth quarter and full year of 2021 increased $38.1 million and $183.6 million, respectively, as compared to the prior year periods. Free cash flow for the fourth quarter and full year of 2021 increased $34.1 million and $35.1 million, respectively, as compared to the prior year periods. These increases were primarily due to stronger metallurgical coal demand and pricing in 2021 and $13.8 million of cash received in the fourth quarter of 2021 from the forestland carbon sequestration transaction. In addition, full year 2021 net income improved due to $130.8 million of higher asset impairments recorded in 2020. Approximately 75% of coal royalty revenues and approximately 55% of coal royalty sales volumes were derived from metallurgical coal in the fourth quarter of 2021.

Metallurgical coal markets have rebounded significantly from the lows seen in 2020 to record high pricing and the outlook remains strong as steel demand driven by global economic recovery is more than offsetting challenges related to the COVID-19 pandemic. Domestic and export thermal coal markets have also significantly improved from the lows seen in 2020, however NRP did not have meaningful sensitivity to thermal coal price movements in 2021 since the substantial majority of NRP's thermal cash flows were fixed pursuant to a contract with Foresight Energy that went into effect as it emerged from bankruptcy in 2020. That contract expired at the end of 2021 and NRP began receiving traditional royalty payments in January 2022. While NRP may benefit from improved thermal coal demand and pricing in the near term, thermal coal markets still face the long-term challenges presented by competition from natural gas and the secular shift to renewable energy.

In addition, NRP continues to identify alternative revenue sources across its large portfolio of land, mineral and timber assets. The types of opportunities include the sequestration of carbon dioxide underground and in standing forests, and the generation of electricity using geothermal, solar and wind energy. While the timing and likelihood of additional cash flows being realized from further activities is uncertain, NRP believes its large ownership footprint throughout the United States will provide additional opportunities to create value in this regard with minimal capital investment.

Soda Ash

In December, a publicly-traded Turkish conglomerate, Sisecam, acquired a majority stake in the managing partner of Sisecam Wyoming LLC, the business formerly known as Ciner Wyoming LLC. Sisecam brings extensive experience and knowledge to NRP's soda ash partnership given its soda ash operating experience in Turkey, Bulgaria and Europe, as well as its container and flat glass manufacturing around the world. NRP looks forward to working with Sisecam to build on the significant value realized by the soda ash partnership with the Ciner Group, which continues to own a minority stake in the partnership.

Soda ash net income in the fourth quarter and full year of 2021 increased $5.1 million and $11.2 million, respectively, as compared to the prior year period as demand and pricing for soda ash continues to improve globally from the lows caused by the COVID-19 pandemic. As a result of the soda ash segment's improved performance, Sisecam Wyoming reinstated regular quarterly cash distributions in the fourth quarter of 2021, which were previously suspended since the third quarter of 2020. Accordingly, free cash flow in the fourth quarter of 2021 increased $7.3 million as compared to the prior year period, but decreased $2.9 million for the full year of 2021 as compared to the prior year due to the regular quarterly cash distributions being suspended until the fourth quarter of 2021.

Corporate and Financing

Corporate and financing costs in the fourth quarter and full year of 2021 increased by $2.2 million and $1.0 million, respectively, as compared to the prior year periods, primarily due to an increase in incentive compensation as a result of significantly improved operating results in 2021, partially offset by lower interest expense as a result of less debt outstanding. Free cash flow in the fourth quarter and full year of 2021 improved $0.4 million and $2.1 million, respectively, as compared to prior year periods primarily due to lower cash paid for interest as a result of less debt outstanding in 2021.

As noted earlier, NRP declared a fourth quarter 2021 cash distribution of $0.45 per common unit of NRP and a $7.5 million cash distribution on the preferred units. NRP's consolidated leverage ratio fell from 4.6x at December 31, 2020 to 2.7x at December 31, 2021 and expects its leverage ratio to continue to decline for the foreseeable future.

Conference Call

A conference call will be held today at 9:00 a.m. ET. To register for the conference call, please use this link: https://conferencingportals.com/event/kfJdSHYP. After registering a confirmation will be sent via email, including dial in details and unique conference call codes for entry. Registration is open through the live call, however, to ensure you are connected for the full call we suggest registering at least 10 minutes prior to the start of the call. Investors may also listen to the call via the Investor Relations section of the NRP website at www.nrplp.com. To access the replay, please visit the Investor Relations section of NRP’s website.

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.

For additional information, please contact Tiffany Sammis at 713-751-7515 or This email address is being protected from spambots. You need JavaScript enabled to view it.. Further information about NRP is available on the Partnership’s website at http://www.nrplp.com.

Forward-Looking Statements

This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership. These risks include, among other things, statements regarding: the effects of the global COVID-19 pandemic; future distributions on the Partnership’s common and preferred units; the Partnership's business strategy; its liquidity and access to capital and financing sources; its financial strategy; prices of and demand for coal, trona and soda ash, and other natural resources; estimated revenues, expenses and results of operations; projected future performance by the Partnership's lessees, including Foresight Energy; Ciner Wyoming LLC’s trona mining and soda ash refinery operations; distributions from the soda ash joint venture; the impact of governmental policies, laws and regulations, as well as regulatory and legal proceedings involving the Partnership, and of scheduled or potential regulatory or legal changes; global and U.S. economic conditions; and other factors detailed in Natural Resource Partners’ Securities and Exchange Commission filings. Natural Resource Partners L.P. has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

"Adjusted EBITDA" is a non-GAAP financial measure that we define as net income (loss) less equity earnings from unconsolidated investment, net income attributable to non-controlling interest and gain on reserve swap; plus total distributions from unconsolidated investment, interest expense, net, debt modification expense, loss on extinguishment of debt, depreciation, depletion and amortization and asset impairments. Adjusted EBITDA should not be considered an alternative to, or more meaningful than, net income or loss, net income or loss attributable to partners, operating income or loss, cash flows from operating activities or any other measure of financial performance presented in accordance with GAAP as measures of operating performance, liquidity or ability to service debt obligations. There are significant limitations to using Adjusted EBITDA as a measure of performance, including the inability to analyze the effect of certain recurring items that materially affect our net income, the lack of comparability of results of operations of different companies and the different methods of calculating Adjusted EBITDA reported by different companies. In addition, Adjusted EBITDA presented below is not calculated or presented on the same basis as Consolidated EBITDA as defined in our partnership agreement or Consolidated EBITDDA as defined in Opco's debt agreements. Adjusted EBITDA is a supplemental performance measure used by our management and by external users of our financial statements, such as investors, commercial banks, research analysts and others to assess the financial performance of our assets without regard to financing methods, capital structure or historical cost basis.

“Distributable cash flow” or "DCF" is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities of continuing operations plus distributions from unconsolidated investment in excess of cumulative earnings, proceeds from asset sales and disposals, including sales of discontinued operations, and return of long-term contract receivable; less maintenance capital expenditures and distributions to non-controlling interest. DCF is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating, investing or financing activities. DCF may not be calculated the same for us as for other companies. In addition, distributable cash flow is not calculated or presented on the same basis as distributable cash flow as defined in our partnership agreement, which is used as a metric to determine whether we are able to increase quarterly distributions to our common unitholders. Distributable cash flow is a supplemental liquidity measure used by our management and by external users of our financial statements, such as investors, commercial banks, research analysts and others to assess our ability to make cash distributions and repay debt.

“Free cash flow” or "FCF" is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities of continuing operations plus distributions from unconsolidated investment in excess of cumulative earnings and return of long-term contract receivable; less maintenance and expansion capital expenditures, cash flow used in acquisition costs classified as investing or financing activities and distributions to non-controlling interest. FCF is calculated before mandatory debt repayments. Free cash flow is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating, investing or financing activities. Free cash flow may not be calculated the same for us as for other companies. Free cash flow is a supplemental liquidity measure used by our management and by external users of our financial statements, such as investors, commercial banks, research analysts and others to assess our ability to make cash distributions and repay debt.

"Cash flow cushion" is a non-GAAP financial measure that we define as free cash flow less one-time beneficial items, mandatory Opco debt repayments, preferred unit distributions and redemption of PIK units, common unit distributions and warrant cash settlements. Cash flow cushion is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating, investing or financing activities. Cash flow cushion is a supplemental liquidity measure used by our management to assess the Partnership's ability to make or raise cash distributions to our common and preferred unitholders and our general partner and repay debt or redeem preferred units.

"Return on capital employed" or "ROCE" is a non-GAAP financial measure that we define as net income (loss) operations plus financing costs (interest expense plus loss on extinguishment of debt) divided by the sum of equity excluding equity of discontinued operations, and debt. Return on capital employed should not be considered an alternative to, or more meaningful than, net income or loss, net income or loss attributable to partners, operating income or loss, cash flows from operating activities or any other measure of financial performance presented in accordance with GAAP as measures of operating performance, liquidity or ability to service debt obligations. Return on capital employed is a supplemental performance measure used by our management team that measures our profitability and efficiency with which our capital is employed. The measure provides an indication of operating performance before the impact of leverage in the capital structure.

-Financial Tables and Reconciliation of Non-GAAP Measures Follow-

Tiffany Sammis, 713-751-7515
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Eco-Friendly, Energy Efficient System Will Provide Prime and Emergency Backup Power

VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #CCHP--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy-as-a-Service (EaaS) solutions, announced today that its exclusive distributor for the Mid-Atlantic, Southeastern U.S. and the Caribbean, E-Finity Distributed Generation, won an order for a C1000S system from TCR2 Therapeutics, a biomedical research and development company providing novel T-cell therapies for the treatment of various cancers.

The one megawatt (MW) order demonstrates the continued expansion of the low emission microturbine market in the commercial, industrial, and manufacturing space. The facility is expected to be commissioned in January 2023.

The energy project is part of the Massachusetts-based company's plans to establish an 85,000 square-foot cell therapy manufacturing facility in Rockville, Maryland. The new Combined Cooling Heat and Power (CCHP) system, fueled by natural gas, will feature a C1000S natural gas-fueled dual-mode system configured with multiple 200 kilowatt (kW) microturbines; Capstone integrated HRMs; and an E-Finity m-TIM Controller with comprehensive remote monitoring ERMS. The ERMS will monitor and control a 300-ton absorption chiller and all five HRMs to help ensure peak performance and system output. In the event of a utility outage, the system will immediately provide emergency backup power for critical loads on site.

This is the first facility of its type for TCR2, and the first energy system application of its kind in the United States. Some key reasons the company selected the Capstone Green Energy system include the degree of power reliability inherent with the multiple 200 kW units, the technology's extremely low emissions, high efficiency, and low noise levels. The system also qualified for financial support from PEPCO and Maryland Energy Administration CHP grants, which will reduce the company's capital expenditures and shorten the project payback period.

"Reliability is critical for this project," said Tom McGeehan, Vice President of Sales for E-Finity. "Any disruption to power can cost lives. Having the redundancy of the five 200 kW modular turbines that can operate independently of each other and in parallel are key. It is important that if one turbine is shut down for maintenance, the other four will continue to provide power."

"It is very gratifying to partner with E-Finity to build and operate a trigeneration system such as this one for TCR2 Therapeutics – a solution that will provide them with essential, reliable, environmentally-friendly, cost-effective power in support of their inspirational and life-saving work," said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. "Mission-critical applications like these are Capstone's specialty by giving company's peace of mind and the kind of energy independence that helps further the growth of their business."

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.

For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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Company deepens bench strength with industry veteran hires, expands technical offerings

CORVALLIS, Ore.--(BUSINESS WIRE)--Mayfield Renewables has expanded upon its core design and engineering services with the launch of new technical services for the clean energy industry, including market research, technical content production and professional training. Mayfield Renewables’ new services will be provided by the company’s newest hires: David Brearley, Justine Sanchez, Joe Schwartz and Kyle Bolger, all of whom have over 20 years of solar energy and energy storage experience. Sanchez, Schwartz, and Brearley bring technical writing and content creation expertise developed during their years at SolarPro Magazine and Home Power Magazine, in addition to Bolger’s robust solar-plus-storage training and application engineering experience.

“The depth and breadth of our industry experience is unparalleled now that we have these four stellar industry experts onboard. With our expanded team, we’re uniquely able to leverage our design firm experience and industry network to provide top-tier technical expertise for the rapidly growing solar-plus-storage industry,” said Ryan Mayfield, founder and CEO of Mayfield Renewables. “The entire Mayfield team welcomes these newest additions to our all-star lineup of passionate clean energy professionals.”

The new technical content strategy and production services provided by the company’s team of industry experts and seasoned writers include short- and long-form technical content; market research and analysis; product strategy and positioning; and videography and custom graphics. Mayfield Renewables also now offers new training opportunities through NABCEP-certified solar-plus-storage code, design and product sessions led by its respective experts. These new technical consulting, content and professional training offerings complement the company’s core system design and engineering expertise, ranging from project feasibility to complete system design and engineering.

To learn more about Mayfield Renewables and its new technical services offerings or to schedule a technical consultation at the upcoming NABCEP Continuing Education Conference (Booth 26), reach out to This email address is being protected from spambots. You need JavaScript enabled to view it..

About Mayfield Renewables

Founded in 2007, Mayfield Renewables is a technical consultancy that delivers a variety of services—including system design, specialized content and training programs—to companies in the solar and energy storage industries. Our unmatched industry expertise uniquely positions us to forge long-term partnerships across our clients’ organizations, spanning engineering, marketing, sales and support. Strategic thinking is at the core of every engagement to ensure our work stays closely aligned with clients’ business goals and generates meaningful results. Mayfield Renewables is based in Corvallis, Oregon, and partners with companies across North America. Learn more at mayfield.energy.

Christine Bennett for Mayfield Renewables
This email address is being protected from spambots. You need JavaScript enabled to view it. | +1 925.330.4783

HOUSTON--(BUSINESS WIRE)--$XPRO #XPRO--Leading provider of energy services, Expro (NYSE: XPRO) has acquired 100% of Distributed Fiber Optic Sensing (DFOS) company, SolaSense Ltd.

Based in the UK, SolaSense’s well surveillance technology features portable processing software and enhanced visualization interface for delivering near real time analysis of distributed acoustic sensing (DAS) / distributed temperature sensing (DTS) data at the well site. This allows well characteristics to be readily recognized and evaluated, avoiding the shut-in of wells for extended periods and minimizing lost production.

Combined with Expro’s 50 years of well intervention and integrity experience, this acquisition will allow Expro to meet industry demand to provide customers with a unique one-stop-shop service for the in-depth evaluation of the entire well and also the provision of any subsequent remediation solutions.

Expro’s DFOS offering monitors dynamic behavior in the well, providing a health check of the well and an accurate diagnosis of any well and reservoir issues.

Compared to traditional completion deployed applications of fiber optic technologies, DFOS can be deployed thru-tubing and used to analyse and evaluate well performance and integrity within hours of the completion of the survey providing greater insight of the dynamic behaviour of the well, to help customers make important time-sensitive decisions. Supported by DFOS, it can provide an enhanced cased hole offering and integrated slickline mechanical services all within Expro.

Steve Russell, Expro’s Chief Technology Officer, commented: “We are committed to delivering cost-effective, innovative technologies and solutions, and best-in-class safety and service quality performance to our customers, all while advancing our commitment to creating a more sustainable business and lower carbon future.

“Access to representative well data is key for making informed well performance and integrity decisions. This acquisition allows us to build on our existing well intervention and integrity portfolio, leveraging the expertise from both companies to extend our customer’s wells’ lifespan, while reducing time and costs. Led by a highly skilled and dedicated team with extensive industry experience, we look forward to building on our digital solutions and welcoming the SolaSense team to the Expro family.”

John Davies, SolaSense CEO, said: “The SolaSense ambition has always been to see distributed fiber optic logging being used widely as a simple and affordable means of well performance and well integrity monitoring. The integration of SolaSense’s technology and expertise into Expro’s existing global well intervention footprint will fast track the realization of this ambition, and more importantly add value for the end customers through the wider uptake of fiber-enabled slickline deployed DFOS surveys. The SolaSense team are very excited about this significant development and look forward to supporting Expro in the fast and efficient expansion of DFOS well logging.”

About Expro

Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and best-in-class safety and service quality. The company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well integrity and intervention.

Founded in 1938, Expro has more than 6,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries with over 100 locations.

For more information, please visit: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, subsea well access activity and delivering technical and operational regional requirements, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company’s Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. 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.

Expro – Hannah Rumbles +44 (0) 1224-796729

Integrated well construction project will use differentiated drilling technologies, digital solutions and regional domain expertise to optimize customer performance

DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--Schlumberger announced today a major contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project.

The integrated project scope encompasses drilling rigs and technologies and services, including drill bits, measurement while drilling (MWD) and logging while drilling (LWD), drilling fluids, cementing, and completing wells. Schlumberger will leverage digital solutions to enhance integrated drilling performance, including the DrillOps* on-target well delivery solution which uses data analysis, learning systems and automation to execute a digital well plan, improving drilling efficiency, consistency and performance.

“This contract award represents the continuation of an ongoing collaboration with Saudi Aramco,” said Tarek Rizk, MENA president, Schlumberger. “Through our committed teams, differentiated technology, and integrated drilling and well construction services we will work closely with Saudi Aramco on well delivery and set a new performance benchmark.”

This award represents a significant endorsement of Schlumberger’s fit-for-basin technology and domain expertise for gas well development in the region.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

*Mark of Schlumberger.

Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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Manufacturing breakthrough will lead to quantum chips with the precision required to build the world’s first useful quantum computer

PALO ALTO, Calif.--(BUSINESS WIRE)--#fastcompany--PsiQuantum's partnership with GlobalFoundries (GF) has been included in Fast Company’s prestigious annual list of the World’s Most Innovative Companies. PsiQuantum is using GF’s advanced semiconductor manufacturing facilities to build the world’s first useful quantum computer, and the Fast Company award recognizes this unprecedented collaboration.

This year’s list honors businesses that are making the biggest impact on their industries and culture as a whole. These companies are creating the future today with some of the most inspiring accomplishments of the 21st century. In addition to the World's 50 Most Innovative Companies, 528 organizations are recognized across 52 categories.

Quantum computing is anticipated to unlock the solutions to otherwise impossible problems and enable extraordinary advances across a broad range of applications including climate, healthcare, life sciences, energy and beyond. Whether it’s improving carbon capture catalysts, optimizing the energy grid, or modelling the chemistries of lifesaving drugs or new battery materials, quantum computers are key to solving many of the world’s most demanding challenges that will forever be beyond the capabilities of any conventional computer.

World-changing applications require a large-scale, fault-tolerant quantum computer built in a scalable and proven manufacturing environment. Silicon photonics and semiconductor chip manufacturing offer the scalability and manufacturability needed to deliver a commercially useful quantum computer on any sensible time or money scale.

PsiQuantum is building the world’s first commercially useful, fault-tolerant quantum computer based on breakthroughs in silicon photonics and quantum architecture. Its team of world-renowned quantum computing experts has developed unique technology in which single photons (particles of light) are manipulated using complex photonic circuits, patterned onto a silicon chip using standard semiconductor manufacturing techniques.

PsiQuantum and GF demonstrated a world-first ability to manufacture core quantum components, such as single-photon sources and single-photon detectors, with precision and in volume, representing a significant milestone in PsiQuantum’s roadmap to deliver a large-scale quantum computer. Fast Company recognized the collaboration between PsiQuantum and GF as one of the 10 most innovative joint ventures of 2022, an award category defined by Fast Company as “the best business pairings, whether one-off collaborations or new companies”.

“A commercially useful quantum computer has to be large, fault-tolerant, manufacturable, and scalable,” said Fariba Danesh, chief operating officer at PsiQuantum. “We have identified a clear path for building a large-scale quantum computer, leveraging our unique technology in silicon photonics and quantum system architecture, and the scalable and proven manufacturing processes of our semiconductor partner GF.”

“We are proud that our partnership with PsiQuantum has been recognized as one of the most innovative business pairings of 2022,” said Amir Faintuch, senior vice president and general manager of Computing and Wired Infrastructure at GF. “Our partnership is a powerful combination of PsiQuantum’s photonic quantum computing expertise and GF’s silicon photonics manufacturing capability that will transform industries and technology applications across climate, energy, healthcare, materials science, and government.”

Fast Company’s editors and writers sought out the most groundbreaking businesses across the globe and industries. They also judged nominations received through their application process. The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.

“The world’s most innovative companies play an essential role in addressing the most pressing issues facing society, whether they’re fighting climate change by spurring decarbonization efforts, ameliorating the strain on supply chains, or helping us reconnect with one another over shared passions,” said Fast Company Deputy Editor David Lidsky.

For the second year in a row, coinciding with the issue launch, Fast Company will host its Most Innovative Companies Summit on April 26 – 27. The virtual, multi-day summit celebrates the Most Innovative Companies in business and provides an early look at major business trends and an inside look at what it takes to innovate in 2022. Fast Company’s Most Innovative Companies issue (March/April 2022) is available online here, as well as in app form via iTunes and on newsstands beginning March 15. The hashtag is #FCMostInnovative.

About PsiQuantum

Powered by breakthroughs in silicon photonics and quantum architecture, PsiQuantum is building the first commercially useful quantum computer to solve some of the world’s most important challenges. PsiQuantum believes silicon photonics is the only way to achieve the necessary scale required to deliver a fault-tolerant, general-purpose quantum computer. With quantum chips now being manufactured in a world-leading semiconductor fab, PsiQuantum is uniquely positioned to deliver quantum capabilities that will drive advances in climate, healthcare, finance, energy, agriculture, transportation, communications, and beyond. To learn more, visit www.psiquantum.com.

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About Fast Company

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Ashley Paula-Legge
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The company is on track to begin shipping its SSBs produced by novel and scalable manufacturing in 2023

SAN JOSE, Calif.--(BUSINESS WIRE)--Sakuu (https://www.sakuu.com/), developer of the world’s first 3D printed solid-state battery, today announces the benchmark energy-density achievement of 800 Wh/L in its first-generation non-printed lithium metal battery. This marks a significant milestone on Sakuu’s roadmap to fully 3D printable solid-state batteries capable of greater than 1200 Wh/L by 2023. Until now, market-leading lithium-ion batteries, like those found in today’s top-selling electric vehicles, have functioned in a range of 500–700 Wh/L.

“The arrival of a safe, sustainable, and high-performance SSB, manufactured with a totally novel 3D printing method can solve critical supply chain and safety issues while moving beyond limitations of today’s lithium-ion batteries,” states Robert Bagheri, Founder and CEO of Sakuu. “We are on track to develop that ‘holy grail’ solid-state battery by 2023, and this first-generation benchmark is a validating accomplishment on the roadmap to significantly better batteries.”

Sakuu’s first-generation non-printed battery provides important achievements in the race for improved energy storage across broad industry sectors. Sakuu battery’s Wh/L capabilities have increased exponentially since development began in August of 2020, and with this latest benchmark test completed in February 2022, is more promising than leading commercially available batteries

In addition to the 800 Wh/L mark, the first-generation lithium-metal battery is demonstrating high energy retention at 97% after 200 cycles. The battery, while remaining dendrite-free, is expected to record 80% retention at 800 cycles once cycling has completed.

Moving ahead, Sakuu anticipates another substantial leap in energy density in its second-generation fully printed SSB, which will see sample cell deliveries begin in early 2023. The world’s first 3D printed battery, born from Sakuu’s Kavian™ platform, will offer rapid, mass-volume production of batteries in gigafactory settings, allowing for large-scale, low-cost manufacturing– capable of meeting global demand.

“We are creating a line of safe, customizable, low-cost and high-performance batteries, and manufacturing them in a completely transformative and sustainable manner to satisfy large-scale global demand,” concluded Bagheri.

About Sakuu

Headquartered in San Jose, California, USA, Sakuu is reinventing large-scale, sustainable battery technology and manufacturing. Sakuu’s breakthrough battery cells deliver best-in-class performance and safety in a recyclable format. Proprietary solid-state electrolyte and porous anode technology provide superior energy densities for maximum range and faster charge times. Sakuu’s solid-state batteries will be produced entirely through the transformative Kavian™ platform in custom or large factory settings, which enables rapid, 3D-printed, high-volume, low-cost, and sustainable production of Sakuu’s solid-state batteries– engineered to meet mass-market demand. Beyond energy, Sakuu’s Kavian™ 3D printing platform invites transformative active device manufacturing innovation in a host of other sectors, including aerospace and automotive, consumer electronics, IoT and medical.

To learn more about Sakuu, please visit www.sakuu.com

Pal Hollywood
Sterling Communications
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(860) 877-9670

BOSTON--(BUSINESS WIRE)--SES AI Corporation (NYSE: SES), headquartered in Boston, a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, today posted to its website a shareholder letter from Founder and CEO Dr. Qichao Hu. The shareholder letter provides an overview of SES and our path to commercialization.

“While the global markets have been turbulent, we are confident in our business plan and expect to achieve several milestones in 2022, including the delivery of the world’s first lithium-metal battery A-Sample to our OEM partners,” said Dr Hu.

The shareholder letter can be found on our website at https://investors.ses.ai/news/

About SES

SES is a global leader in development and production of high-performance Li-Metal rechargeable batteries for EVs and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as SolidEnergy Systems, SES is headquartered in Boston and has operations in Singapore, Shanghai, and Seoul. To learn more about SES, please visit: https://investors.ses.ai

SES may use its website as a distribution channel of material company information. Financial and other important information regarding SES is routinely posted on and accessible through the Company’s website at https://ses.ai. Accordingly, investors should monitor this channel, in addition to following SES’s press releases, Securities and Exchange Commission filings and public conference calls and webcasts.

Forward-looking statements

All statements other than statements of historical facts contained in this press release are “forward-looking statements.” Forward-looking statements can generally be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target” and other similar expressions that predict or indicate future events or events or trends that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the development and commercialization of SES AI Corporation’s (“SES”) products, including in connection with joint development agreements, estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of SES’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of SES. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; risks related to the ability of SES to grow and manage growth profitably, maintain relationships with customers and retain its management and key employees; risks relating to the uncertainty of the projected financial information with respect to SES; risks related to the development and commercialization of SES’s battery technology and the timing and achievement of expected business milestones; the effects of competition on SES’s business; risks relating to SES’s history of no revenues and net losses; the risk that SES’s joint development agreements and other strategic alliances could be unsuccessful; risks relating to delays in the design, manufacture, regulatory approval and launch of SES’s battery cells; the risk that SES may not establish supply relationships for necessary components or pay for components that are more expensive than anticipated; risks relating to competition and rapid change in the electric vehicle battery market; safety risks posed by certain components of SES’s batteries; risks relating to machinery used in the production of SES’s batteries; risks relating to the willingness of commercial vehicle and specialty vehicle operators and consumers to adopt electric vehicles; risks relating to SES’s intellectual property portfolio; the ability of SES to issue equity or equity-linked securities or obtain debt financing in the future; and those factors discussed under “Risk Factors” in the proxy statement/prospectus of Ivanhoe Capital Acquisition Corp. relating to the business combination with SES, filed with the Securities and Exchange Commission on January 7, 2022. If any of these risks materialize or SES’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that SES presently knows and/or believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect SES’s expectations, plans or forecasts of future events and views only as of the date of this press release. SES anticipates that subsequent events and developments will cause its assessments to change. However, while SES may elect to update these forward-looking statements at some point in the future, SES specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing SES’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

© 2022 SES AI Corp.

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Source: SES AI Corporation

Integrated well construction project will use differentiated drilling technologies, digital solutions and regional domain expertise to optimize customer performance

DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--Regulatory News:

Schlumberger announced today a major contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project.

The integrated project scope encompasses drilling rigs and technologies and services, including drill bits, measurement while drilling (MWD) and logging while drilling (LWD), drilling fluids, cementing, and completing wells. Schlumberger will leverage digital solutions to enhance integrated drilling performance, including the DrillOps* on-target well delivery solution which uses data analysis, learning systems and automation to execute a digital well plan, improving drilling efficiency, consistency and performance.

“This contract award represents the continuation of an ongoing collaboration with Saudi Aramco,” said Tarek Rizk, MENA president, Schlumberger. “Through our committed teams, differentiated technology, and integrated drilling and well construction services we will work closely with Saudi Aramco on well delivery and set a new performance benchmark.”

This award represents a significant endorsement of Schlumberger’s fit-for-basin technology and domain expertise for gas well development in the region.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

*Mark of Schlumberger.

Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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Consolidated Utility District to Deploy Itron Solution to Conserve Water and Improve Operational Efficiency

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#AMI--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced a new contract with Consolidated Utility District (CUD) to deploy Temetra, Itron’s mobile meter data collection solution, in conjunction with Itron’s fixed network solution, to upgrade its Advanced Metering Infrastructure (AMI) and provide advanced capabilities such as active water leak detection and consumer portals. With Itron’s solution, CUD will be equipped to improve operational efficiency and customer service to its more than 160,000 customers across Rutherford County in central Tennessee. CUD plans to initiate the project in Q1 2022 and expects to have the system live this summer.

Utilizing Temetra, CUD will automate meter reading collection across their water distribution system and provide a seamless billing experience for their customers. The utility will improve billing accuracy and better visualize the interval data collected from meters, which will allow CUD to easily identify leaks and quickly address issues sooner. These advanced data collection capabilities will help conserve water and improve operational costs and efficiencies.

“CUD is one of the fastest-growing utility districts in Tennessee with more than 65,000 accounts throughout our service territory,” said Bryant Bradley, director of operations at CUD. “Itron’s solution will allow us to upgrade our existing water meters, which currently communicate with one-way automated meter reading modules. The upgrades will also equip CUD to improve customer service, protect revenue and better manage water resources with detailed usage information from the overall distribution system, including future leak sensors, shut off valves and network capabilities.”

“Itron looks forward to working with CUD to provide the insights and technology it needs to enhance operational efficiency and deliver reliable water service to customers. With our industry-leading cloud services, CUD will be able to improve operational efficiency and customer satisfaction,” said Don Reeves, senior vice president of Outcomes at Itron. “As water utilities look to conserve water resources, Itron is committed to building out water operations management outcomes services, such as leak detection, to address a broader set of use cases on top of meter data collection.”

Temetra is Itron's next-generation meter data collection solution. Through an intuitive web-based interface and powerful GIS-based mapping functionality, it provides utilities with powerful new ways to optimize operations. Temetra allows utilities to cost-effectively access and modify metering route assignments anywhere through a simple web login. With full Temetra Mobile integration, Temetra provides utilities with a complete, cutting-edge meter data collection package.

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.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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Semiconductor Industry Veteran Joins to Lead Supply Chain Operations

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that Jeff Ferraro has joined the company as Vice President of Enterprise Supply Chain and Procurement, effective March 14. Mr. Ferraro joins Wolfspeed from Texas Instruments and has more than 20 years of experience in the semiconductor industry, including supply chain and financial management. Based out of Durham, North Carolina, Mr. Ferraro will report directly to Rex Felton, SVP of Global Operations.

“Jeff brings an unparalleled wealth of knowledge of operational logistics and expertise over his decades working in the semiconductor industry,” said Rex Felton, SVP of Global Operations. “With an impressive background spanning the full range of operational efforts —finance, business planning, supply chain and logistics—he is the ideal fit to join our operations leadership team to support Wolfspeed as it leads the industry-wide transformation from silicon to Silicon Carbide.”

This addition to Wolfspeed’s team of seasoned semiconductor operations professionals, paired with the expansion of production capability for Silicon Carbide materials and devices in New York and North Carolina will support the company’s rapid growth.

At Texas Instruments, Mr. Ferraro previously held the titles of Manager of Business Planning and Operations, Director of Finance and Operations, and most recently Director of Supply Chain and Logistics, in which he was responsible for a complex network of logistic operations supporting manufacturing to product distribution, including global import and export compliance.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power-switching devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Wolfspeed^® is a registered trademark of Wolfspeed, Inc.

Media Relations:
Melinda Walker
Director, Corporate Communications
818-261-4585
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Investor Relations:
Tyler Gronbach
VP, Investor Relations
919-407-4820
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Recognition honors companies demonstrating exceptional leadership and a commitment to business integrity through best-in-class ethics, compliance, and governance practices

PORTLAND, Ore.--(BUSINESS WIRE)--Northwest Natural Holding Company (NW Natural Holdings) has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2022 World’s Most Ethical Companies.

It is the first year NW Natural Holdings has been recognized and is one of only nine honorees in the Energy & Utilities industry. In all, 136 honorees were recognized spanning 22 countries and 45 industries.

“As a 163-year-old company, our core values of integrity, safety, caring, service ethic and environmental stewardship are fundamental to everything we do,” said David H. Anderson, NW Natural Holdings president and CEO. “Receiving this distinction underscores our commitment to these values and honors our employees’ achievements on behalf of our customers.”

“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance, and community. Congratulations to NW Natural Holdings for earning the World’s Most Ethical Companies designation.”

Methodology & Scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

Honorees

The full list of the 2022 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.

About NW Natural Holdings

Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) is headquartered in Portland, Oregon and has been doing business for over 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests. We have a longstanding commitment to safety, environmental stewardship and the energy transition, and taking care of our employees and communities. Learn more in our latest ESG Report.

NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 780,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.

NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. With all pending acquisitions closed, NW Natural Water will serve approximately 140,000 people through over 58,000 connections. Learn more about our water business at nwnaturalwater.com.

Additional information is available at nwnaturalholdings.com.

About Ethisphere

Ethisphere® is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.

NW Natural Media Contact
David Roy
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Ethisphere Media Contact
Anne Walker
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Series B investment led by BlackRock Funds and Mercuria Energy, with Wing VC, Greylock Partners, Pioneer Fund, NGIF and Nova Fleet

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--#ESG--Validere, a leading all-in-one commodity management platform for the energy industry, today announced it has raised US$43 million (CA$55 million) in its Series B financing round. The round was led by Mercuria Energy and select funds and accounts managed by BlackRock, with participation from Nova Fleet, Pioneer Fund and Natural Gas Innovation Fund. Existing investors, including Wing VC and Greylock Partners, also participated in the round.

Validere’s platform monitors, validates and forecasts the critical data at the facility level to enable companies to improve their operations, and make better commercial and emissions decisions. Leading energy companies use Validere’s platform to reduce operational upsets, receive higher netbacks and gain visibility into commercial decisions, all while managing sustainability reporting and monetization of environmentally differentiated products. Validere is the only platform that integrates data and insights on ESG markets with traditional commodity markets, giving clients a holistic picture for their core business decisions.

"Validere’s mission is to ensure human prosperity through energy that is plentiful, sustainable and efficiently delivered. We facilitate this through integrating our customers’ core business with new environmental initiatives," said Nouman Ahmad, Validere co-founder and CEO. "In order to manage the energy transition well, environmental attributes cannot be managed in a silo, they need to be integrated in the day-to-day operations and commercial decisions.”

Validere acts as the data layer for multiple environmental tracking initiatives, including a tokenization of voluntary carbon credits generated from a Carbon Capture, Utilization and Storage (CCUS) project that was transacted on blockchain, as well as the certification of operators that produce responsibly sourced natural gas (RSG) in partnership with leading third-party organizations such as Xpansiv, where RSG is verified to meet certain ESG standards such as methane emission intensity.

“Hydrocarbon producer and logistics companies are now focused on integrating ESG considerations into their commercial and operations decisions, but are realizing that the large amounts of data they will be required to capture, verify and analyze, coupled with evolving standards on which to evaluate, make it difficult to implement long-term solutions,” said Brian Falik, Mercuria’s Chief Investment Officer - Americas and new Validere board member. “Validere’s data collection processes and deep understanding of the credit and offset markets allow it to work with companies on a tailored basis to create everything from monetization programs for environmentally differentiated products to portfolio reporting tools for financial and sustainability reporting.”

About Validere

Validere is the leading all-in-one commodity management platform for the energy industry. We help energy providers gain visibility, action their findings and predict future scenarios for their physical and environmental commodities. We are the only platform that integrates data and insights on ESG markets with traditional commodity markets, giving clients a holistic picture for their core business decisions. We believe the future of energy requires a modernized supply chain, so we’re reducing the barriers to actionable insights to make the energy landscape better for everyone. Through people and technology, we bring clarity to commercial and operational challenges, provide ways to act on the learnings and facilitate predictions for the future state.

Media Contacts:
Erin Farrell Talbot
Farrell Talbot Consulting
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Nicole Yager
Validere
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TAE Is NST’s Power Partner for 3-Year Sponsorship and Title Sponsor for 2022 Baldface Lodge, BC Competition

NELSON, British Columbia--(BUSINESS WIRE)--#BaldfaceLodge--TAE Technologies, the world’s leading developer of clean fusion, today announced a three-year partnership with the Natural Selection Tour (NST), uniting the two organizations in a shared commitment to sustainability and conserving the natural environment. NST is a world-class, one-of-its-kind snowboarding tournament showcasing riders competing on the planet’s most exciting natural(ly enhanced) terrain. TAE Natural Selection at Baldface premieres Wednesday, March 16 on www.NaturalSelectionTour.com.

Just as NST is on a mission to inspire a deeper relationship with Mother Nature, TAE is commercializing clean zero-emissions energy solutions to help preserve the environment for generations to come.

Travis Rice, professional snowboarder, founder of NST, and TAE’s new ambassador added: “NST and TAE are perfectly aligned in our desire to draw attention to climate change and reduce carbon emissions in an effort to protect the environment we thrive in. I am honored to help spread the word about TAE’s mission.”

In addition to being the title sponsor of the Nelson, BC leg of the tour, TAE is partnering with NST to install TAE’s power management tools and energy storage solutions for the first time with the goal to further offset the tour’s carbon footprint.

"We recognize the carbon footprint of this sport is large, and we want to hold ourselves accountable,” said Jeff Pensiero, co-founder and CEO of Baldface Lodge. “Baldface is reducing our carbon creation and dependency on fossil fuels with the help of industry leaders TAE. This will be a huge step forward towards our net zero goals.”

TAE’s power management solutions can scale to fit a range of applications, from generators in the Canadian backcountry to residential homes and electric vehicles. TAE’s trailblazing powertrain technology enables tangible performance improvements, including EVs that can drive up to 25% farther and charge up to 4x faster with improved cost efficiency and battery longevity. As seen in TAE’s “Art of the Ride '' commercial, in which snowboarder Rice races down a mountain alongside a Jaguar I-PACE, creating a healthy planet begins with learning not to waste what we have today.

The Art of the Ride commercial will debut during the livestream of the TAE Natural Selection Tour at Baldface on March 16, as well as its broadcast on ESPN 2 on March 20.

“NST and TAE are perfectly aligned in their mission to reduce carbon emissions and address the challenges of climate change,” said Jim McNiel, Chief Marketing Officer at TAE Technologies. “TAE is forging the path to perfect power by focusing first on improved energy efficiency, and ultimately on the development of carbon-free, non-radioactive fusion energy. We intend to support NST’s mission to celebrate the great outdoors and the achievements of their great athletes while reducing our carbon footprint. We are thrilled to be members of the rapidly expanding NST family.”

TAE’s Path to Perfect Power will curb human impact on the environment by offering a natural solution to climate change and bring clean, affordable energy to all. To learn more about TAE’s Path to Perfect Power, click here. For more information on TAE Technologies, click here.

About TAE Technologies

TAE Technologies (pronounced T-A-E) was founded in 1998 to develop commercial fusion power with the cleanest possible environmental profile. The company’s pioneering work represents the fastest, most practical, and economically competitive solution to bring abundant clean energy to the grid. With over 1,700 patents filed and over 1,100 issued; more than $880M in private capital; six generations of National Laboratory-scale devices; and an experienced team of over 250 employees, TAE is now on the cusp of delivering this transformational energy source capable of sustaining the planet for thousands of years.

The company’s revolutionary technologies have produced a robust portfolio of commercial innovations in large adjacent markets such as power management, energy storage, transmission, electric mobility, life sciences, and more. TAE is based in California, and maintains international offices in the UK and Switzerland. Multidisciplinary and mission-driven by nature, TAE is leveraging proprietary science and engineering to create a bright future.

About the Natural Selection Tour

The brainchild of snowboarder Travis Rice and shared vision with the broader snowboarding community, the Natural Selection Tour showcases the world’s top riders from Olympians to big mountain film icons all competing on the planet’s most exciting natural(ly) enhanced terrain. Dream venues, a head-to-head format and no practice runs are part of the dynamic components that will keep viewers on the edge of their seats. With a mission to inspire people to forge a deeper relationship with Mother Nature, the Tour features three stops in Jackson Hole Mountain Resort, Wyoming; Baldface Lodge, British Columbia; and the Tordrillo Mountains, Alaska. The Natural Selection Tour culminates with the crowning of a men’s and women’s champion; the best all-mountain freestyle riders in the world. NaturalSelectionTour.com

Media Contact for Natural Selection Tour
Lora Bodmer, Deep Communications
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307-690-1630

Media Contact for TAE
Tanya Correa, Silverline Communications
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202-487-4534

Recognition honors AVANGRID’s commitment to business integrity through best-in-class ethics, compliance and governance practices

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, has been recognized by Ethisphere as one of the 2022 World’s Most Ethical Companies. This marks AVANGRID’s fourth consecutive year earning the designation from Ethisphere, a global leader in defining and advancing the standards of ethical business practices.

AVANGRID is one of only nine honorees globally in the Energy and Utilities sector in 2022. A total of 136 honorees were recognized spanning 22 countries and 45 industries.

“We are committed to accountability and leading with a strong ethics-driven, continuous improvement culture that builds on our purpose and values,” said Kyra Patterson, Chief Human Resources Officer at AVANGRID. “We believe in principled actions, effective decision-making and appropriate monitoring of both compliance and performance. Receiving this honor from Ethisphere for the fourth consecutive year is a true testament to the dedication of the entire AVANGRID team to upholding the highest ethical standards.”

Transparency and commitment to continuous improvement are cornerstones of AVANGRID’s corporate governance system. This system is reflected in the management approach to sustainability and our comprehensive ESG+F strategy (environment, society, governance and financial strength).

“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We commend the AVANGRID team for its leading approach to ethics, compliance and corporate governance, and dedication to advancing clean energy projects to benefit the communities they serve while maintaining a deep commitment to socially responsible business practices. Congratulations to AVANGRID for earning the World’s Most Ethical Companies designation.”

Ethics & Performance

Ethisphere’s 2022 Ethics Index, the collection of publicly traded companies recognized as recipients of this year’s World’s Most Ethical Companies designation, outperformed a comparable index of large cap companies by 24.6 percentage points over the past five calendar years.

Methodology & Scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

The full list of the 2022 World's Most Ethical Companies can be found at here.

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 approximately 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.

About Ethisphere: Ethisphere® is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.

Sarah Warren
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585-794-9253

Security Surveillance System program to upgrade global base security

SEATTLE--(BUSINESS WIRE)--Echodyne, the radar platform company, announced today that Advanced Technology Systems Company (ATSC), the prime contractor for the $191 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract for the U.S. Army’s Security Surveillance System (SSS) program of record and a leader in Force Protection Systems and Border/Maritime Surveillance Systems, has received its first order for Echodyne radars to be used under the SSS program. The IDIQ contract has a 5-year base period, with a 3-year option to extend the period of performance. Following extensive testing during the design and development phase of the program, Echodyne radars have been selected as a component of the security system. The initial order for 46 EchoGuard radars was delivered in December 2021.

“Echodyne radars are on the cutting edge of what’s possible with radars today - our technology is constantly outperforming industry expectations, shepherding in a new era of situational awareness,” said Eben Frankenberg, CEO of Echodyne. “We look forward to supporting ATSC as they deliver advanced security solutions under the SSS program.”

Radars are an essential component of a robust security solution, providing increased detection ranges and early warning of potential ground and air threats. With Echodyne’s breakthrough metamaterials electronically scanned array (MESA) technology in the mix, the security system is enhanced with robust 4D data on the approaching object, whether human, vehicle, boat, or drone.

Echodyne serves customers across the defense, national security, and critical infrastructure protection markets worldwide. Its radars are a core component for counter-UAS, border security, and base and perimeter surveillance solutions. For additional details, please visit echodyne.com. For additional details about ATSC, please visit www.atscva.com.

About Echodyne

Echodyne, the radar platform company, designs and delivers high-performance compact, solid-state radars based on the company’s patented Metamaterials ESA (MESA®) technology. Ideally suited for defense, security, machine perception, and autonomy, Echodyne’s commercially priced electronically scanned array radars are used by defense and government agencies, autonomous developers, and security integrators for counter-UAS, borders and perimeter security, critical infrastructure protection, unmanned aerial vehicles, and autonomous vehicles. Privately held, the company is based in Kirkland, Washington, and is backed by Bill Gates, NEA, Madrona Venture Group, Vulcan Capital, Vanedge Capital, and Lux Capital among others. For more information, please visit: Echodyne.com.

John O’Brien
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Stewart brings decades of experience driving dynamic growth and leading transformational change at industry-leading energy and technology companies to overseeing Perch’s continued growth and innovation, and scaling in community solar and direct-to-consumer energy services

BOSTON--(BUSINESS WIRE)--Perch Energy (or “Perch”), a clean energy technology and services company, today announced the appointment of Bruce Stewart as CEO and the close of a $6.2 million round in Series A funding. An additional $1 million is committed and expected to close on or prior to May 1, 2022, bringing the Series A total to $7.2 million. Perch will use the funds to add talent and resources to build upon its industry-leading community solar services and management platform, expand its innovative direct-to-consumer energy platform, and accelerate the growth of its community solar services business into an expanding list of U.S. markets.

With decades of experience driving strong and sustainable business growth and delivering superior customer services with both energy and technology companies, Stewart is committed to bringing affordable, clean energy solutions to more people. Stewart brings expertise pivotal to furthering Perch’s mission of making cleaner energy options more accessible for all. Before joining Perch, Stewart served as President at Direct Energy Home, and Co-President of Centrica US Holdings, where he led the successful sale of Direct Energy to NRG for $3.6 billion in January 2021. He has also held executive positions with GE Current and Constellation Energy, and prior to that at Yahoo!. Throughout his career, Stewart has been a proponent of using data-driven analytics and insights to scale businesses in multiple industries facing dynamic market shifts, regulatory change, and competitive disruption.

“Perch is leading the next stage of clean energy transition, which will place renewed importance on widespread and equitable access to clean and affordable solar energy,” said Stewart. “As someone who led companies during earlier stages of the energy transition and digital revolution, I look forward to once again rolling up my sleeves to face the challenges and seize the opportunities in an evolving industry by leading Perch’s continued growth and innovation, aided by this newly-secured funding.”

To date, Perch has delivered more than $9.7 million in customer savings by enabling more than 8,100 community solar subscriptions for homes, businesses, and municipalities. The company, which was spun off from BlueWave Solar, is a trusted resource to the solar industry with an established customer and revenue base. Perch offers a diverse set of products and services for the management of community solar projects as well as for homeowners, renters, and businesses seeking cost-effective choices for supporting clean energy.

The funding round was led by Arborview Capital, one of the nation’s leading sustainability-focused growth equity firms, with participation from one of the nation’s leading national energy companies.

“The experienced team at Perch Energy is uniquely positioned to provide value to its customers and solar asset owner clients, thanks to its unique set of offerings and services,” said Joe Lipscomb, co-founder and partner at Arborview Capital. “With Bruce Stewart at the helm and the infusion of this additional funding, Perch is poised to lead the market in providing access to community solar.”

About Perch Energy

Perch Energy is a Boston-based clean energy tech and services company that offers a diverse set of products and services for homeowners, renters, businesses, and solar farm owners. From Perch’s community solar project support team, which is dedicated to effective customer onboarding, billing, and engagement, to its automated platform which makes it easy for customers to customize their energy mix and savings — Perch is on a mission to make clean energy options more accessible, more affordable and more equitable for all. Learn more at www.perchenergy.com and follow Perch Energy on Linkedin: http://linkedin.com/company/perchenergy.

About Arborview Capital

Arborview Capital was founded in 2008 to invest in high-growth companies that are building a more environmentally sound, resource-efficient future while driving returns to all stakeholders — investors, employees, customers, suppliers — and the environment. Arborview is headquartered in Chevy Chase, Maryland. To learn more, please visit: www.arborviewcapital.com.

Media
Kenny Gayles
Antenna Group for Perch Energy
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For clean, ultra low sulfur diesel production meeting cold flow requirements in one of the coldest regions of South America

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Refi Pampa SA (RefiPampa) has signed agreements with Elessent Clean Technologies (Elessent) for the license and basic engineering of a new IsoTherming^® Diesel Hydrotreating and Dewaxing Unit. The grassroots hydrotreater will be installed at the RefiPampa facility in La Pampa, Argentina. In order to comply with the latest fuel specifications in Argentina to meet Grade 3 diesel specifications by 2024, RefiPampa commissioned Elessent for an IsoTherming^® diesel hydrotreating and dewaxing unit with a target capacity of 62.6 m³/hr (9,450 BPSD).

IsoTherming^® Diesel Hydrotreaters enable refiners to produce high-quality, low-sulfur fuels that comply with increasingly stringent environmental requirements, but at lower energy consumption rates and operating costs than trickle bed hydroprocessing units. The IsoTherming^® technology is commercially proven to process a wide range of feedstocks, from kerosene to vacuum gas oil, including 100 percent light cycle oil. IsoTherming^® hydroprocessing units are designed to provide refiners with consistent 30-60 percent savings on utilities compared to trickle bed technologies and the potential of 30 percent capital cost savings or more. In addition to the capital and operating cost savings, the IsoTherming^® technology provides refiners a more environmentally friendly method of producing transportation fuels through the significant reduction in combustion related CO₂ emissions. Due to the IsoTherming^® technology’s energy efficient nature, the licensed diesel hydrotreating and dewaxing unit will nearly halve the CO₂ emissions that would be produced from an equivalent trickle bed hydrotreating unit.

“We are excited to have the opportunity to supply a grassroots hydrotreater and dewaxing unit to the existing RefiPampa facility in Argentina. The unit will incorporate both hydrotreating and dewaxing catalyst, in order to improve the cold flow properties of the diesel which is crucial to the needs of the refinery in this region, one of the coldest in the country. We have worked closely with RefiPampa over the last few years to generate the most economical solution for the refinery, catering to their unique feedstock blend, and completing pilot plant testing with their feedstock for proof of concept,” said Samantha Presley , global business manager, IsoTherming^® Hydroprocessing Technology.

The hydrotreating and dewaxing unit will enable RefiPampa to produce Grade 3 fuel year-round, reducing and even eliminating the need in some months for costly additive usage for improving cold flow properties. In conventional trickle bed technology, expensive isomerization dewaxing catalyst is often utilized in order to minimize yield loss while improving cold flow properties. Unique to the IsoTherming^® technology is the ability to offer customers a less costly option of utilizing a small amount of cracking dewaxing catalyst for cold flow property improvement with diesel yields > 95 wt%.

“We have built a strong relationship with Elessent over the last few years. The economic solution our teams have developed will allow us to continue to provide the region with the necessary fuel as regulations tighten in the coming years. We look forward to continuing to work together on this important project,” said Gabriel Faroppa, Engineering Director, RefiPampa.

Startup of the IsoTherming® Diesel Hydrotreater and Dewaxing Unit at the La Pampa, Argentina site is expected to take place by 2024.

The IsoTherming^® hydroprocessing technology utilizes a novel liquid-phase reactor system offering distinct advantages over conventional hydroprocessing technologies in that it uses hydrogen and catalyst more efficiently. The IsoTherming^® hydroprocessing technology is suitable for a wide range of applications, including 100% kerosene hydrotreating, 100% light cycle oil (LCO) hydrotreating, transmix hydrotreating, diesel hydrotreating, FCC feed hydrotreating (VGO hydrotreating), mild hydrocracking, dewaxing, gas-to-liquid (GTL) upgrading, and heavy oil upgrading for both grassroots and revamp configurations. The IsoTherming^® technology has been licensed in 29 refineries worldwide with capacities ranging from 1,500 bpd (82 kmta) to 80,000 bpd (3,900 kmta), offering refiners a lower CAPEX and OPEX solution than conventional hydroprocessing options. Learn more at www.IsoTherming.ElessentCT.com.

About Elessent Clean Technologies

Elessent Clean Technologies is a global leader in process technologies to drive sustainability and carbon neutrality in the metal, fertilizer, chemical and oil refining industries with an unwavering commitment to customer support. We provide extensive global expertise across our portfolio of offerings in key applications – MECS^® sulfuric acid production, STRATCO^® alkylation, BELCO^® wet scrubbing and IsoTherming^® hydroprocessing. Offering critical process equipment, products, technology and services, we enable an array of industrial markets, including phosphate fertilizer, non-ferrous metals, oil refining, petrochemicals and chemicals, to minimize their environmental impact and optimize productivity. We are dedicated to helping our customers produce high-quality products used in everyday life in the safest, most environmentally-sound way possible, with a vision to make the world a better place by creating clean alternatives to traditional industrial processes. Learn more at www.ElessentCT.com.

Elessent Clean Technologies, the Elessent Logo, and all trademarks and service marks denoted with ™, ^SM or ® are owned by affiliates of Elessent Clean Technologies Inc. unless otherwise noted.

Elessent Clean Technologies
Jeannie Branzaru
Tel: +1-913-406-6757
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IsoTherming® Hydroprocessing
Samantha Presley
Tel: +1-913-327-3586
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Free Report Provides a Top-Line Executive Summary of Production Data Across their Entire Organization

AUSTIN, Texas--(BUSINESS WIRE)--#DataIsTheNewOil--Zeno Technologies, a pioneer in helping energy-focused businesses thrive in the Production Era, has expanded its offering to include The Daily Report, available free to organizations that want a quick, real-time snapshot of the most important numbers driving their business performance. Each daily report is compiled directly from the company’s own data sources and curated into a concise, self-branded report to give C-suite executives and other stakeholders a comprehensive view of the organization’s key revenue-driving metrics.

“Working with leadership teams across the energy sector has shown us that a common frustration is their inability to know the pulse of their business day-in and day-out. Understanding daily production volumes and sales prices are essential to steer their businesses, yet a real-time view of this information remains elusive,” said Sealy Laidlaw, CEO of Zeno. “Making this daily report available as a free resource serves our mission to surface key data in a more meaningful way to help drive better business decisions, particularly as the industry grapples with the current uncertainties in the geopolitical landscape and growing market volatility.”

Completely Free, No Strings Attached

The Daily Report delivers a daily summary of top-line production volumes from across the subscriber’s business, and associated market value. The report, emailed directly to subscribers’ inboxes on a daily basis, includes daily production volumes for operated and non-operated wells, as well as the value of aggregated production based on the day’s market spot price.

Quick and Simple Setup

At Zeno, our mission is to make it easy for energy businesses to know their numbers. In this spirit of bringing data within easy reach, signing up for The Daily Report is quick and painless: simply register online, agree to some basic terms & conditions and use Zeno’s standard template to set up an automated daily upload of your company’s production data via The Daily Report’s secure analytics tool.

Ready to know your numbers? Visit https://zenotech.io/the-daily-report/ for more information and to sign-up for free.

About Zeno Technologies

Zeno Technologies helps energy-focused businesses thrive in the Production Era. The company’s Energy Operating System is used by energy companies, investors and partners to drive business performance by connecting entire organizations through data on a common platform, delivering real-time insights so their businesses can run on real numbers instead of best estimates. Zeno is privately held and headquartered in Austin, TX. For more information, visit www.zenotech.io.

John Snedigar
Faultline Communications
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408-705-7518

Schools, towns and villages unite to reduce their electricity costs

ROCKVILLE, Md. & LATHAM, N.Y.--(BUSINESS WIRE)--#NYSERDA--More than 28 municipalities and school districts across Jefferson, Lewis and St. Lawrence counties in New York are reducing their electricity costs and boosting the state’s clean energy portfolio with solar energy. Standard Solar, a nationally recognized solar energy company, and its partner, U.S. Light Energy, a New York-based distributed solar developer, have completed an 11.52 megawatt-combined solar project for members of the Tri-County Energy Consortium.

“Schools and community play a significant role in reaching students, parents, neighbors and local decision-makers to encourage clean energy action,” said Mike Streams, Chief Development Officer, Standard Solar, the project’s owner and operator. “We’re proud to have provided the funding needed to make this project happen and applaud the Tri-County Energy Consortium for its efforts and commitment to solar.”

“Members of the Consortium will collectively save between $400-$500/K annually from the arrays,” said John Warneck, Executive Director of the Tri-County Energy Consortium.

“With their dedication to accelerating the adoption of solar energy, Tri-County Energy Consortium is setting the standard for other communities to follow,” said Mark Richardson, CEO, U.S. Light Energy, the project’s developer. “This project’s success is underscored by the variety of challenges the team had to overcome, including changes in New York’s solar policy and the pandemic. Kudos to the team and the Consortium for persevering and pushing forward a great project helping them create a pathway to achieve their renewable energy goals.”

“Building these projects has been a challenging three-year process,” added Warneck. “But, even when things looked bleakest, U.S. Light Energy and Standard Solar kept at it and delivered for us. They are great partners.”

The approximately $7.6 million project received more than $1 million in funding from the New York State Energy Research and Development Authority (NYSERDA) through NY-Sun, the state’s signature $1.8 billion initiative to advance the scale-up of solar and make solar energy more accessible to homes, businesses, and communities. Each participating school district and local government will receive savings on their electric bills in proportion to the percentage of electricity they use out of the total for all participants.

About U.S. Light Energy

U.S. Light Energy is a Latham, New York-based distributed generation energy development company specializing in solar and renewable energy solutions, including community solar, for residential communities and commercial customers. We work on behalf of all interested parties: land and business owners, local authorities (AHJs), engineering firms, product vendors, contractors, and financiers to create distributed energy projects where everyone can participate in creating a better future for our children and our planet. For more information, visit www.USLightEnergy.com.

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 Daryl Pilon, This email address is being protected from spambots. You need JavaScript enabled to view it. and on LinkedIn.

PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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