MALVERN, Pa.--(BUSINESS WIRE)--Saint-Gobain North America and its building products subsidiary CertainTeed LLC today announced that through its virtual Power Purchase Agreement (vPPA) with the Blooming Grove Wind Farm, and additional renewables contracting, the company has received renewable energy certificates (RECs) that effectively reduced approximately 33% of its CO2 emissions from electricity usage in 2021 in the United States and Canada.
The announcement comes only months after the company announced its new global Grow and Impact strategy, which includes achieving carbon neutrality by the year 2050.
In February 2020, Saint-Gobain entered into a 12-year vPPA with the Blooming Grove Wind Farm in McLean County, Illinois. At the time, the agreement was the largest renewable energy deal in Saint-Gobain’s 356-year history.
“We’re thrilled with the results of our partnership with the Blooming Grove Wind Farm, and will continue to look for ways to maximize our positive impact, for our customers and the communities where we do business, while minimizing our environmental footprint,” said Mark Rayfield, CEO of Saint-Gobain North America and CertainTeed. “In this next chapter of our company’s history, our team will strive to lead our industry towards a more sustainable future.”
Saint-Gobain worked with Edison Energy, a leading energy advisor that consults with the largest commercial, industrial and institutional energy users, to develop its vPPA with Blooming Grove Wind Farm. Blooming Grove Wind Farm was developed by Invenergy, a leading privately held global developer and operator of sustainable energy solutions that has successfully developed more than 150 projects across four continents.
About CertainTeed
Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan “Quality Made Certain, Satisfaction Guaranteed,” inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com.
About Saint-Gobain
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME.”
€44.2 billion in sales in 2021
167,000 employees, located in 75 countries
Committed to achieving Carbon Neutrality by 2050
For more details on Saint-Gobain, visit http://www.saint-gobain.com and follow us on Twitter @saintgobain.
David Rosen
Saint-Gobain Corporate Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation (NYSE: PCG) today announced the appointment of Carlos Hernandez, former Chief Executive Officer of Fluor Corporation, to the Boards of Directors of PG&E Corporation and its subsidiary Pacific Gas and Electric Company, effective March 11, 2022. Mr. Hernandez brings decades of experience in industries focused on safety and operational excellence.
Mr. Hernandez’s career has spanned engineering, procurement, manufacturing and distribution companies, and his expertise includes risk management, safety and environmental matters, governance, compliance and law.
“With decades of executive leadership experience in key industries, Carlos will be invaluable in helping PG&E continue to improve its operational and safety performance to better serve our customers,” said Robert C. Flexon, Chair of the Board of PG&E Corporation.
Mr. Hernandez joined Fluor Corporation, a global engineering and construction company, as Chief Legal Officer in 2007 and served as CEO from May 2019 until he retired in December 2020. Prior to joining Fluor, he served as general counsel for ArcelorMittal Americas, a major steel producer that is part of the ArcelorMittal steel group.
“I am honored to serve on PG&E’s Boards to support CEO Patti Poppe and her leadership team in their essential role of providing safe, clean, reliable and affordable energy for the people of California,” said Mr. Hernandez.
Mr. Hernandez serves on the Board of Directors of Steward Health Care System LLC, which owns and operates 39 hospitals across the United States, as well as five internationally. He holds a Bachelor of Science degree in civil engineering from Purdue University and a Juris Doctor degree from the University of Miami School of Law.
He is the recipient of the Dallas Hispanic Bar Association Corporate Counsel Diversity Award, the Robert H. Dedman Award in Ethics and Law, and the Hispanic National Bar Foundation Corporate Leadership Award.
About PG&E Corporation
PG&E Corporation (NYSE: PCG) is a holding company headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com. In this press release, they are together referred to as “PG&E.”
Media Relations
415.973.5930
ESS Appoints European Leadership and Initiates Deployment of Safe Iron-Flow Batteries to Fulfill European Energy Storage
Requirement of up to 20 TWh, to Achieve Grid Net-Zero by 2040
WILSONVILLE, Ore.--(BUSINESS WIRE)--$GWH #energystorage--ESS Tech, Inc. (NYSE: GWH), a U.S. manufacturer of long-duration batteries for utility-scale and commercial energy storage applications, today announces the expansion of its operations into Europe to meet strong demand in the region for the company’s long-duration energy storage (LDES) solutions.
ESS is scheduled to begin European deployment of its long-duration batteries during the second half of 2022. The European region is expected to require up to 20 TWh of long-duration energy storage if it is to meet UN climate change goals of Grid Net-Zero by 20401. With the transition to renewables set to accelerate following the Russian invasion of Ukraine, the use of LDES will also reduce the dependency of European countries on gas-powered generation of electricity.
ESS’ market expansion in Europe includes the appointment of Alan Greenshields as Director of Europe, to oversee customer adoption and deployment of the company’s LDES solutions. Greenshields brings over 25 years of experience to ESS in senior executive roles and has held several board-level positions at battery technology companies.
The European region has shown strong demand for LDES solutions to support solar and wind energy sources, and transition grids away from fossil fuels. As an indication of this demand, ESS has already announced customer orders from ENEL in Spain for the delivery 17 ESS Energy Warehouse™ iron flow battery systems, providing a combined capacity of 8.5 MWh, which will be used to support an EU-backed solar farm and provide resilience for the local power grid.
ESS’s long-duration batteries are manufactured using iron, salt and water, and offer customers, safe, low-cost and sustainable energy storage. ESS iron-flow batteries do not degrade with cycling and are produced using earth-abundant materials, making them a highly cost-effective long-duration energy storage option capable of addressing a wide range of use cases.
According to the LDES Council’s inaugural report published in November 2021, long-duration energy storage is necessary if we are to limit the rise in global temperature to 1.5° Celsius. The report also estimates that by 2040 the deployment of LDES could result in the avoidance of 1.5 to 2.3 gigatons of carbon dioxide per annum.1
“Based on our success in the US, it makes sense to bring our technology to the European market where demand is so strong,” says Eric Dresselhuys, CEO of ESS. “LDES technologies are the only way we can combat the devasting effects of climate change. We are deploying solutions today that will help the European region to simultaneously accelerate the transition to sustainable energy sources and achieve its energy security goals.”
“Long-duration energy storage is the answer to how we are going to get our grids to net zero,” explains Alan Greenshields, Director Europe, ESS. “ESS is the leading LDES battery maker in the world and best placed to drive the decarbonising of our energy systems in Europe. To work with such a strong company on such a critical mission is a challenge I thoroughly look forward to.”
About ESS Inc.
ESS Inc. (NYSE:GWH) designs, builds and deploys environmentally sustainable, low-cost, iron flow batteries for long-duration commercial and utility-scale energy storage applications requiring from 4 to 12 hours of flexible energy capacity. The Energy Warehouse™ and Energy Center™ use earth-abundant iron, salt, and water for the electrolyte, resulting in an environmentally benign, long-life energy storage solution for the world’s renewable energy infrastructure. Established in 2011, ESS Inc. enables project developers, utilities, and commercial and industrial facility owners to make the transition to more flexible, non-lithium-ion storage that is better suited for the grid and the environment. For more information, visit www.essinc.com.
Forward–Looking Statements
This communication contains certain forward-looking statements, including statements regarding ESS’ and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on ESS’ current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS’ control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
1. LDES Council: Net-zero power: Long duration energy storage for a renewable grid
Investors:
Erik Bylin
This email address is being protected from spambots. You need JavaScript enabled to view it.
North American media:
Eugene Hunt
Trevi Communications, Inc.
978-750-0333 x.101
This email address is being protected from spambots. You need JavaScript enabled to view it.
European media:
Joe Pitt
+44 7742 628 042
This email address is being protected from spambots. You need JavaScript enabled to view it.
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today announced that Sean T. Geary was appointed by the Board of Directors of the Partnership’s general partner, Global GP LLC, to serve as Chief Legal Officer effective March 1, 2022.
Geary has been a leader at Global Partners for the past 16 years, progressing into roles of increasing responsibility. Most recently, he served as Acting General Counsel and Secretary of Global and its general partner following the passing of the Partnership’s long-time General Counsel in May 2021. Prior to, and during his interim appointment, Geary also served as Vice President of Mergers & Acquisitions.
Eric Slifka, President and CEO of Global Partners and Vice Chairman of Global GP LLC, said, “Over the past 16 years I’ve had the privilege to work with Sean and witness his growth. Sean’s leadership has been fundamental to our acquisition and growth strategy. Sean is known for his unrelenting work ethic, pragmatic approach, and his ability to assemble teams to negotiate and close deals. We undertook a rigorous search for this position, and Sean’s skills, experience, and level demeanor rose to the top.”
Before joining Global in 2005, Geary spent more than 10 years at large law firms. He received a bachelor’s degree from the University of Vermont and a J.D. from Boston University School of Law. Geary is passionate about charity and giving back. He serves on the board of directors of Christmas in the City, Inc. and is involved in other charitable organizations benefitting children.
About Global Partners
With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.
Catie Kerns
SVP Corporate Affairs
Global Partners LP
(781) 894-8800
Twenty20 Energy-Built Plant Will Provide 45MW of Power to Port Moresby Area
SINGAPORE--(BUSINESS WIRE)--Twenty20 Energy announced today that the Dirio Central Province Power Station (DCPPS), built on behalf of Dirio Gas & Power Company Ltd, was commissioned and began delivering power in December 2021 to the Port Moresby capital area, in Papua New Guinea.
The DCPPS is the most recent investment project in the power generation business for Dirio Gas & Power Company Ltd, a subsidiary of Mineral Resources Development Company Limited (MRDC), which is a wholly state-owned enterprise established to hold and manage provincial government and landowner equity interests in mineral and petroleum development projects.
The DCPPS project, 100 percent owned by PNG landowners, solves critical infrastructure issues. With a total capacity of 45 MW, and delivering power more efficiently and affordably, the goal is to reduce the need for rolling blackouts that have plagued the national capital for many years.
The power station is strategically located west of the capital city and adjacent to the Exxon Mobil LNG facility. The electric energy produced will be fed directly into PNG Power Ltd (PPL) Port Moresby Grid.
“The Dirio Central Province Power Station is a great step in the right direction toward delivering reliable, cost-effective power to the capital city and the entire nation,” said Geoff Lawrence, CEO of Twenty20 Energy. “We will continue to work with the PNG government, Dirio, MRDC, the provincial governments, and landowners of Papua New Guinea to add much-needed power generation capacity to meet the electrification needs of the Nation in a commercially and environmentally responsible way.”
Government officials have set a goal of 70 percent electrification for all of PNG through a series of innovative solutions by 2030, an objective which Twenty20 Energy will work toward as a collaborative partner.
Twenty20 Energy, which provided complete turnkey engineering, procurement and construction for the DCPPS, now operates and maintains the station as part of a 20-year services contract. Twenty20 Energy worked in conjunction with some of the world’s leading companies, including Solar Turbines (Caterpillar), Exxon Mobil, and ABB-Hitachi to deliver the project.
“Our successful partnership with Twenty20 Energy is a major milestone on the path to more and more affordable power for the residents and business interests of Papua New Guinea,” said John Tuaim, CEO of Dirio Gas & Power. “The commissioning of this plant supports increasing economic development and urbanization in PNG, along with meeting the increasing demand for electrification.”
Twenty20 Energy Systems was established as an engineering, procurement and construction firm to help Papua New Guinea meet its need for electrical energy both now and into the future. Since 2014, Twenty20’s management has successfully worked with state-related and private companies, including PNG Power, Bank of South Pacific, ExxonMobil, MRDC, Dirio Gas and Power and others to deliver 16 nationally significant energy and construction projects.
“Twenty20 will continue to work with government bodies, power authorities and corporations to identify, develop and implement projects that will deliver improvements in power generation capacity while being economically viable and sensitive to environmental impact,” said Lawrence. “We can deliver power using a broad range of power generation solutions, including natural gas, hydroelectric, solar, or co-generation solutions of any scale, as appropriate for the opportunities and constraints present in any given location.”
The Dirio Central Province Power Station comprises three Solar Turbines Titan 130 Modular Power Plant Sets in Open Cycle configuration, each with a rated capacity of 15MW reaching the required 45MW in total. The modular plant design allows for further expansion at a later date, with the ability to add 12MW of generation capacity in the Combined Cycle configuration.
About Twenty20 Energy
Twenty20 Energy delivers innovative energy solutions that enable clients, partners, and stakeholders to accelerate a transition to a cleaner energy future. From concept development to operations and maintenance, Twenty20 provides engineering, project execution and asset management, coupled with the capacity to provide funding or shared ownership positions. Uniquely positioned in the energy landscape, Twenty20 has a global reach with local sensitivity, developing projects that deliver cleaner energy while empowering economic growth for today and beyond.
Bob Zeitlinger / Makovsky
This email address is being protected from spambots. You need JavaScript enabled to view it. / 551 427 7298
Allego expects to begin trading on the New York Stock Exchange on March 17, 2022, under the ticker symbols ALLG and ALLG.WS
PARIS & ARNHEM, Netherlands & NEW YORK--(BUSINESS WIRE)--Spartan Acquisition Corp. III (“Spartan”) (NYSE: SPAQ), a publicly-traded special purpose acquisition company, today announced that it plans to complete its business combination with Allego Holding B.V. (“Allego”), a leading pan-European electric vehicle charging network, on Wednesday, March 16, 2022.
“We look forward to closing our business combination with Allego tomorrow and are very pleased to bring them public on the New York Stock Exchange to continue advancing EV charging across Europe,” said Geoffrey Strong, Chairman and Chief Executive Officer of Spartan and Senior Partner and Co-Lead of Infrastructure and Natural Resources at Apollo.
In connection with the completion of the business combination, Allego N.V.’s (the “Company”) ordinary shares and warrants are expected to commence trading on the New York Stock Exchange on Thursday, March 17, 2022, under the ticker symbols “ALLG” and “ALLG.WS,” respectively.
About Allego
Allego delivers charging solutions for electric cars, motors, buses, and trucks, for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprised of more than 26,000 charge points operational throughout Europe – and growing rapidly. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives us and our customers a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.
About Spartan Acquisition Corp. III
Spartan Acquisition Corp. III is a special purpose acquisition entity focused on the energy value-chain and was formed for the purpose of entering into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Spartan is sponsored by Spartan Acquisition Sponsor III LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.spartanspaciii.com.
Forward-Looking Statements.
This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. 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. Spartan’s and Allego’s actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Spartan’s and Allego’s expectations with respect to future performance and anticipated financial impacts of the business combination. These forward-looking statements are subject to several risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political, and legal conditions; (ii) risks related to the rollout of Allego’s business strategy and the timing of expected business milestones; (iii) risks related to the consummation of the proposed business combination with Spartan being delayed or not occurring at all; (iv) risks related to political and macroeconomic uncertainty; (v) the risk that the operating and strategic initiatives described in this communication are delayed or do not occur at all; and (vi) the impact of the global COVID-19 pandemic, including its impact on any of the foregoing risks. The foregoing list of factors is not exclusive. Additional information concerning certain of these and other risk factors is contained in Spartan’s most recent filings with the SEC and in the registration statement on Form F-4 (the “Form F-4”), including the proxy statement/prospectus forming a part thereof filed by Athena Pubco in connection with the business combination on September 30, 2021, as amended on December 14, 2021, January 18, 2022 and February 1, 2022. All subsequent written and oral forward-looking statements concerning Spartan, Allego or Athena Pubco, the transactions described herein or other matters and attributable to Spartan, Allego, Athena Pubco or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Each of Spartan, Allego and Athena Pubco expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law.
For Allego
Investors
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media
This email address is being protected from spambots. You need JavaScript enabled to view it.
For Meridiam
FTI Consulting
This email address is being protected from spambots. You need JavaScript enabled to view it.
For Spartan Acquisition Corp. III
Investors
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media
This email address is being protected from spambots. You need JavaScript enabled to view it.
Led by alums from Waymo, Tesla, and BMW, Solo will bring to market the safest, greenest, and most efficient heavy truck purpose-built for the rapid deployment of autonomous software
SAN FRANCISCO--(BUSINESS WIRE)--#AV--Solo Advanced Vehicle Technologies (Solo), the vehicle hardware company revolutionizing the freight transportation industry, today announced $7 million in seed funding led by Trucks VC with participation from Maniv Mobility and Wireframe Ventures. Solo is building the first ground-up heavy truck platform to be compatible with any autonomous driving software, thereby solving the inefficiency of retrofitting existing, human-centric trucks for autonomous driving. Today’s financing will be used to build out Solo’s engineering team as the company expands at its new headquarters in Fremont, California. The team will finalize the design and build Solo’s first test vehicle - a battery-electric Class 8 truck that will begin testing in 2022. The test “mule” will inform the design and engineering of Solo’s alpha truck, the SD1 Heavy, a process that will also advance this year.
“At Solo, we believe that modern technology requires a modern platform, yet the autonomous trucks already being deployed today are forced to combine advanced autonomous software with antiquated vehicles. By delivering a purpose-built heavy truck platform that is software agnostic we will materially change the future of the freight transportation sector and enable the growth and efficiency that the global supply chain demands,” said Graham Doorley, Founder and CEO, Solo Advanced Vehicle Technologies. “Our team has decades of experience understanding the opportunities for autonomous trucking, and has seen first-hand the limitations of the existing platforms. We are uniquely primed to tackle this market and, with the early support of committed investors, we’re excited to build the future of freight.”
Solo’s team gained early experience on the groundbreaking Tesla Model S, Model 3, and Tesla Semi teams, as well as served as founding leaders on the autonomous truck project within Waymo, further, the team shares decades of experience at OEMs and in the autonomy industry. With its alpha truck, the SD1 Heavy, Solo is rethinking every facet of a truck platform as only a startup can. A clean sheet design affords the platform cutting edge, active aerodynamics coupled with a proprietary, battery-electric powertrain. The SD1 Heavy will feature stabilized and optimized placement of sensors that is not possible with legacy trucks. With the first, fully-redundant architecture for an autonomous, Class 8 truck, the SD1 Heavy will be compatible with any autonomous software.
“Logistics is often where transportation innovation begins. We’ve seen this time and again in our investing history and yet, autonomous cars have been a larger focus for the on-road market in the last ten years,” said Jeffrey Schox, General Partner, Trucks VC. “When I was a young engineer working on GM's first electric vehicle, I don't think I could have imagined a world of zero-emission, automated trucks. Solo has the opportunity this decade to transform how we move goods cleaner and more safely. The investor syndicate that Graham and his team have brought together at this seed stage will be essential for Solo’s future financial strategy, IP portfolio, and technical success. This is a global opportunity and it’s important to have such a strong early group to support Solo as the company takes these next vital steps.”
"A global supply chain crisis has underscored the need for transformation in the trucking industry. Solo is the first serious effort to look beyond the horizon to a moment, not far off, when the most efficient, cleanest truck platform that can safely ‘drive,’ changes the course of a hundred year old industry,” said Michael Granoff, Managing Partner, Maniv Mobility.
About Solo Advanced Vehicle Technologies
Solo Advanced Vehicle Technologies (Solo) is revolutionizing the freight transportation industry by building the first ground-up heavy truck platform to be compatible with any autonomous driving software. Built by alums from Waymo, Tesla, and BMW, and backed by leading investors including Trucks VC, Maniv Mobility, and Wireframe Ventures, Solo is the only company developing a dedicated, completely autonomous heavy truck platform for the future of freight.
Media
Kate Gundry
This email address is being protected from spambots. You need JavaScript enabled to view it.
617-797-5174
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Senior Vice President, Offshore Projects Group, Benjamin Laura, will meet with institutional investors at the Scotia Howard Weil Energy Conference on Tuesday, March 22, 2022.
The conference handout will be available on the Investor Relations page of Oceaneering's website at www.oceaneering.com after market close on Monday, March 21, 2022.
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainments industries.
For more information on Oceaneering, please visit www.oceaneering.com.
Mark Peterson
Vice President, Corporate Development and Investor Relations
Oceaneering International, Inc.
713-329-4507
This email address is being protected from spambots. You need JavaScript enabled to view it.
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global cargo supply chain, has announced Terminal Graneles del Norte (TGN) will implement the N4 terminal operating system (TOS) at its greenfield site, which is slated to become operational by late 2023. The selection of Navis’ industry-leading TOS is part of TGN’s endeavor to become the first semi-automated, multimodal terminal handling bulk cargo.
TGN, a subsidiary of port operator Puerto Angamos, is located in Mejillones Bay at the heart of Chile’s mining region and close to the most important copper district in the world. Built with the distinct purpose of servicing the requirements of mining and energy producers, the terminal aims to become a strategic partner for the mining and electrical industry, through the safe and efficient handling of their products. With its rapid access via train and truck – which connects the port to the principal mines in Chile, Argentina and Bolivia, without the need to pass through populated areas – the terminal is well positioned to become the natural gateway to the Pacific in South America.
The terminal selected N4 to help redefine how bulk cargo is handled around the world. With a focus on bulk cargo operations, largely moving Chile’s copper concentrate, TGN has the capacity to handle up to 4.0 million tons of copper annually. Using rotainers – innovative rotating container technology – and revolving spreaders, which are becoming more common for moving bulk materials, TGN engaged Navis for its automation capabilities. N4 will act as the brains of the terminal by integrating and enhancing existing technologies as well as connecting to the gate for receival of cargo, providing guidance on loading sequences, stowage and grounding scenarios, directing stacking crane activity and more. With the addition of N4, TGN will substantially increase productivity and storage capacity by stacking cargo in fully sealed rotainers vs massive piles of raw materials in the yard. This will not only revolutionize how bulk materials are stored/transported, but will allow TGN to reduce particulate emissions and ensure safer and more environmentally friendly operations.
“Ports which handle bulk materials are confronted with critical ship-to-shore transfer problems, which are often much more complex than those involving the loading or unloading of general cargo or containers,” said Kim Kuesel, General Manager for the Americas, Navis. “With most dry bulk commodities prone to spillage and dust pollution, there are not only operational challenges, but environmental factors that must be taken into consideration. TGN is looking beyond how it has always been done and taking an innovative approach that will truly mark a ‘before and after’ for how bulk cargo is handled around the world. Automation will play a critical role as the terminal continues working towards more efficient and resourceful operations and we’re excited to be in on the ground floor, providing streamlined and efficient solutions to meet their every need.”
“TGN will be the first terminal in the world with a breakthrough operation for bulk cargo, using automation, cutting edge technology and equipment, with a focus on efficiency as well as sustainability,” said Bernardo Sedini, Terminal Manager for Terminal Graneles del Norte. “We are happy to partner with companies like Navis who has proven time and time again its ability to alleviate the automation implementation challenges that many terminals face and will enable us to improve operational decision making to get ahead of the market.”
For more information visit www.navis.com
About Navis, LP
Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain, making global trade smarter, safer and more sustainable for everyone. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com.
Jennifer Grinold
Navis, LP
T+1 510 267 5002
This email address is being protected from spambots. You need JavaScript enabled to view it.
Anna Patrick
Gregory FCA
T+1 212 398 9680
This email address is being protected from spambots. You need JavaScript enabled to view it.
The two leaders of the nascent world of hydrogen aviation will join forces in several key segments to provide an end-to-end solution for hydrogen-powered flight
LOS ANGELES--(BUSINESS WIRE)--#aerospace--“New industries are seldom built by one individual or one company,” said Taras Wankewycz, founder and CEO of H3 Dynamics. “They require coalitions and ultimately entire ecosystems.” Today, Universal Hydrogen Co. and H3 Dynamics announced a new partnership in hydrogen aviation. “At H3 Dynamics, we have more than a decade of experience in hydrogen-powered flight, with a focus on powertrains for unmanned—and soon manned—aircraft,” said Wankewycz. “And as Universal Hydrogen is clearly positioned to lead the market in hydrogen fuel services for aviation, it is natural for our companies to work together to make true zero emissions flight a reality.” The two companies will leverage their respective strengths to build scale with greater speed in the hydrogen aviation space.
The collaboration will initially focus on the full range of unmanned aircraft, from small drones to large unmanned cargo delivery, with H3 Dynamics developing and supplying fuel cell powertrain solutions and Universal Hydrogen providing green hydrogen fuel logistics using its modular capsule technology. The partnership extends to manned aircraft, including eVTOL and other light aircraft segments. The two companies also agreed to collaborate in the regional aircraft market, focusing on new-build regional airliners with a distributed propulsion architecture.
“This partnership is an instant force multiplier for the scale and reach of both companies and will enable us to move faster to offer true zero-emissions solutions across a broad range of aircraft,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen Co. “For this reason, we are also looking at standing up a joint R&D center in Toulouse, France, as Toulouse is a critical talent hub for us both.”
“Energy transition for a complex and expansive sector like aviation requires a whole-value chain approach, where each segment of the hydrogen value chain is ready at the same time,” said Eremenko. “This collaboration between H3 Dynamics and Universal Hydrogen allows us to complete the hydrogen value chain for several rapidly growing aviation segments, and to do it much more quickly.”
About H3 Dynamics
H3 Dynamics is a world leader in advanced aerial mobility technologies, including zero emission hydrogen-electric propulsion. The company is implementing a sustainable, safety-first 3-phase roadmap, starting with autonomous data services, moving next to autonomous hydrogen cargo, and passenger flight as a final step. The company services clients globally from its 3 regional headquarters in Austin, Singapore, and Paris.
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
Universal Hydrogen
Kate Gundry
This email address is being protected from spambots. You need JavaScript enabled to view it.
H3 Dynamics
Taras Wankewycz
This email address is being protected from spambots. You need JavaScript enabled to view it.
NCPA partnership brings expert energy efficiency and management solutions to the public and nonprofit sector at a guaranteed low cost.
GRAND JUNCTION, Colo.--(BUSINESS WIRE)--Ally Energy Solutions, a national energy efficiency company, has been proudly awarded a 2021 vendor contract for ‘Electrical Power System and Electronics Systems Protection Consulting and Related Services’ by the National Cooperative Purchasing Alliance (NCPA). Due to the competitive selection process, only one other vendor was awarded a contract in this category. NCPA vendors are evaluated by service quality, performance guarantees, value-added services, and pricing, ensuring Ally Energy Solutions services are of the highest quality and competitively priced.
NCPA is a leading national government purchasing cooperative working to reduce the cost of goods and services by leveraging the purchasing power of public agencies in all 50 states. Utilizing state-of-the-art procurement resources and solutions, NCPA facilitates cooperative purchasing contracts that ensure all public agencies are receiving products and services of the highest quality at the lowest prices.
Over 90,000 agencies nationwide from both the public and nonprofit sectors—including national school districts, higher education institutions, local governments, health organizations, and more—are eligible to use NCPA’s cooperative purchasing contracts to utilize competitively priced products and services from its vendors, now including Ally Energy Solutions.
As a result of the NCPA contract, the Ally team was awarded a contract for Power Factor Correction by a Houston-area school district. The school district was looking to significantly lower their utility bill, so Ally Energy Solutions implemented a turnkey Power Factor Correction solution—ensuring power factor improvement to a guaranteed level. After significant utility demand charge reduction and successful measurement and verification across six campuses, the school district intends to pursue Power Factor Correction from the Ally team at the remainder of their campuses.
About Ally Energy Solutions:
From industrial facilities to school districts, Ally Energy Solutions delivers turnkey energy solutions to institutions across the U.S. Ally looks at energy savings opportunities from the whole facility and facility owner perspective, with an emphasis on relationships over transactions. Through the relentless pursuit of sustainable, financially viable savings opportunities, the Ally team has earned the privilege to serve as the trusted energy advisor to some of the largest facility owners, utilities, and technologists in the world. For more information, visit: http://ally-energy.com/
Michael Bowman
This email address is being protected from spambots. You need JavaScript enabled to view it.
469-363-2445
Planned Meetings through May also listed
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold its regular monthly meeting on Monday, March 21, 2022. It will be conducted as a hybrid meeting and will start at 9:15 a.m. The Commissioners, executive leadership, and legal counsel will be present in the boardroom of the Port Authority Executive Office Building, located at 111 East Loop North, Houston, TX 77029.
The meeting is open to the public to attend. However, the meeting can also be accessed virtually via WebEx webinar.
The agenda and the instructions to access Port Houston public meetings are available at https://porthouston.com/leadership/public-meetings/.
Please note the following upcoming planned Port Houston public meetings (subject to change):
Mar 21 (Mon) |
9:15 a.m. |
Port Commission regular meeting |
Mar 21 |
10:00 a.m. |
Community Relations Committee |
Apr 19 |
9:00 a.m. |
Audit Committee meeting |
Apr 19 |
11:00 a.m. |
Business Equity Committee meeting |
Apr 26 |
9:15 a.m. |
Port Commission regular meeting |
May 24 |
9:15 a.m. |
Port Commission regular meeting |
Sign up for public comment is available up to an hour before these meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/.
Lisa Ashley-Daniels, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
New SL1302A Test Case Package enables interoperability tests based on charging standard GB/T 34657.1
SANTA ROSA, Calif.--(BUSINESS WIRE)--$KEYS #EV--Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that delivers advanced design and validation solutions to help accelerate innovation to connect and secure the world, announced the new Scienlab SL1302A software, which enables original equipment manufacturers (OEMs), primarily in China, to perform electric vehicle supply equipment (EVSE) interoperability tests based on the GB/T 34657.1 standard.
Keysight’s SL1302A software supports the company’s charging test solution Scienlab Charging Discovery System (CDS), which offers holistic test of AC and DC charging interfaces in electric vehicle (EV) and EVSE. Its modular design allows customers to configure the CDS to meet their specific needs, eliminating the need to purchase multiple EV/EVSE tests with a single solution, reducing time to market and costs.
Keysight provides comprehensive test case libraries that meet charging conformance and interoperability standards. Each library is developed according to official specification and carefully verified with charging test hardware configurations and software release version. The new Keysight SL1302A test case software enables customers to perform interoperability tests based on the GB/T 34657.1 standard.
Keysight’s Scienlab SL1302A closes the gap of EVSE interoperability tests for the GB/T charging standard and offers the following key benefits:
“In addition to the most recent software release focused on GB/T EVSE interoperability testing, Keysight has also added the portfolio of verisco GmbH, based in Dortmund, Germany, which enables us to significantly expand our EV charging solution offering,” stated Thomas Goetzl, vice president and general manager for Keysight’s Automotive & Energy Solutions business unit. “As verisco GmbH has contributed to international standardization communities in ISO and IEC and supported open test platforms such as the International ISO 15118 Testing Symposium and CharIN Testivals, we intend to continue our efforts to drive international charging standardization and interoperability work based on the unique application knowledge that the verisco GmbH team has brought to Keysight.”
About Keysight Technologies
Keysight delivers advanced design and validation solutions that help accelerate innovation to connect and secure the world. Keysight’s dedication to speed and precision extends to software-driven insights and analytics that bring tomorrow’s technology products to market faster across the development lifecycle, in design simulation, prototype validation, automated software testing, manufacturing analysis, and network performance optimization and visibility in enterprise, service provider and cloud environments. Our customers span the worldwide communications and industrial ecosystems, aerospace and defense, automotive, energy, semiconductor and general electronics markets. Keysight generated revenues of $4.9B in fiscal year 2021. For more information about Keysight Technologies (NYSE: KEYS), visit us at www.keysight.com.
Additional information about Keysight Technologies is available in the newsroom at https://www.keysight.com/go/news and on Facebook, LinkedIn, Twitter and YouTube.
Geri Lynne LaCombe, Americas/Europe
+1 303 662 4748
This email address is being protected from spambots. You need JavaScript enabled to view it.
Fusako Dohi, Asia
+81 42 660-2162
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Vice President of Corporate Development and Investor Relations, Mark Peterson, and Vice President and Chief Accounting Officer, Witland LeBlanc, will meet with institutional investors at the Piper Sandler Energy Conference on Tuesday, March 22, 2022.
The conference handout will be available on the Investor Relations page of Oceaneering's website at www.oceaneering.com after market close on Monday, March 21, 2022.
Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainments industries.
For more information on Oceaneering, please visit www.oceaneering.com.
Mark Peterson
Vice President, Corporate Development and Investor Relations
Oceaneering International, Inc.
713-329-4507
This email address is being protected from spambots. You need JavaScript enabled to view it.
Installed over 75,000 Enphase IQ™ Microinverters and a leading storage installer in the Northeast
BROOKLYN, N.Y.--(BUSINESS WIRE)--Venture Solar has set an impeccable track record of installing residential and commercial solar, focusing on unmatched performance, aesthetics and service. Serving nine states, including New York, Massachusetts, Connecticut, New Hampshire, Rhode Island, New Jersey, Delaware, Pennsylvania, and Maryland – Venture Solar has installed over 7,000 systems since being founded in 2015.
Having installed more than 75,000 Enphase IQ Microinverters, Venture Solar announced today that is has earned Enphase Installer Network (EIN) “Gold” level status. Enphase Energy is a global energy technology company headquartered in Fremont, California, and has been a long-time leader in the solar industry with its microinverter-based technology and all-in-one solar, battery, and software solutions. EIN “Gold” status is one of the higher levels of recognition in the program, which measures installers against a range of performance qualifications including homeowner satisfaction, installation quality, and more.
“Enphase is pleased to honor Venture Solar as an Enphase Gold level installer. This elevation in status is due to their commitment in providing high quality installations with a keen focus on customer service,” said Dave Ranhoff, chief commercial officer at Enphase Energy. “Venture Solar has worked closely with Enphase over the past several years to offer customers the very best in solar plus battery storage solutions, and we are proud to recognize them in achieving this Gold level status.”
This ongoing partnership pairs the strengths of Enphase’s global brand recognition and industry leadership with Venture Solar’s local and personalized workmanship and service.
Regarding the honor, Venture Solar co-founder/co-owner, Alex Giles said, “We’re incredibly proud of this recognition from Enphase. We believe that the combination of superior aesthetics and performance provided by Enphase products is a major value for our customers.”
Giles’ partner, Venture Solar co-founder/co-owner Alex Yackery added, “Enphase sets the standard for quality, efficiency, and value for residential solar and storage installations. It’s an honor to be recognized by Enphase for our commitment to being a leader in delivering quality and value to our mutual customers.”
About Venture Solar: Venture Solar is a regional solar provider with locations in nine states, with over 350 employees and over 7,000 completed installations since inception. Hiring only the best-licensed electricians, installers, and maintenance personnel, Venture Solar is dedicated to delivering the best possible customer experience with a local, hands-on approach to every project.
To learn more about Venture Solar, visit venturesolar.com
Nikita Singh
Venture Solar
This email address is being protected from spambots. You need JavaScript enabled to view it.
510.556.7074
The Slate solar and storage project is now serving Bay Area Rapid Transit, Central Coast Community Energy, Silicon Valley Clean Energy, Stanford University and the Power and Water Resources Pooling Authority
STRATFORD, Calif.--(BUSINESS WIRE)--Goldman Sachs Renewable Power, an affiliate of Goldman Sachs Asset Management that owns more than 850 solar and storage projects across the United States (GSRP), today announced that its Slate solar and energy storage project is now in operation and serving five California-based organizations. The 390 MW solar plus 561 MWh storage project was originally developed by Recurrent Energy, a wholly owned subsidiary of Canadian Solar.
The Slate project, located in Kings County, California, is supported by power purchase agreements with five California-based organizations - Bay Area Rapid Transit (BART), Central Coast Community Energy (3CE), the Power and Water Resources Pooling Authority (PWRPA), Silicon Valley Clean Energy (SVCE) and Stanford University. The Slate project’s dispatchable solar plus storage power is essential to meeting the renewable energy procurement goals of each organization.
Jon Yoder, Head of GSRP, said, “We are thrilled that Slate is now online and serving California-based organizations. There is significant demand throughout California for solar and energy storage projects at this scale, and we look forward to continuing to invest in projects like Slate that will help facilitate the state’s transition to a carbon-free power grid. We thank our partners at Recurrent once again for delivering on this project and we look forward to operating this project for decades to come.”
To commemorate the start of the Slate project’s operation, GSRP hosted a ribbon cutting event today. Project stakeholders toured the site which will generate enough low-cost, clean energy to power approximately 126,000 California homes and displace approximately 369,310 metric tons of carbon dioxide emissions each year. The battery storage component will enable the Slate project’s customers to obtain more carbon-free energy in the evening hours and ensure grid reliability during times of peak demand.
California Energy Commission Vice Chair Siva Gunda said, “Congratulations to all the organizations and individuals across both the private sector and public sector that contributed to making this project happen, helping put Kings County at the forefront of California’s clean energy future. Meeting the state’s 100 percent clean electricity goals requires an unprecedented amount of new solar and storage resources to come online and a tremendous amount of collaboration to build the type of solutions at the scale we need.”
Kings County Supervisor Joe Neves said, “We’re proud of the way we’ve grown the solar industry in Kings County, and we’re excited to have Slate, a landmark project for our State here in our County. This project provides new revenue to the County, jobs for our workers and opportunities for our farmers in addition to providing power when needed most by consumers.”
Dr. Shawn Qu, Chairman and CEO of Canadian Solar, said, “Slate is a landmark project that will help California meet its leading renewable energy targets. We started developing Slate in 2015, and we’re proud that this project was contracted as one of the first utility-scale solar and energy storage projects in the state, thanks to the forward-thinking leadership among the projects’ customers. Recurrent’s energy storage business is now on an equal footing with our long-running solar business, and we’re pleased to demonstrate our execution capabilities on another project with our partners at GSRP.”
Over the past year, the project employed approximately 405 workers at peak construction, with 90% of the construction jobs filled by local skilled tradespeople from the Kings County area through the International Brotherhood of Electric Workers Local 100, Laborers International Union of North America 294, Iron Workers Local 155, Northern California Millwrights Local 102, Operating Engineers Local 3, Carpenters Local 1109 and the Electrical Training Center Joint Apprenticeship and Training Committee. Along with indirect economic benefits that accompany solar project development, such as increased local spending in the service and construction industries, the Slate project will also have a positive economic impact on the local community by providing significant tax revenues for Kings County.
BART Board of Directors member Mark Foley said, “With the benefit of Slate Solar as a centerpiece of its supply portfolio, BART will maintain a power supply that is 100% greenhouse gas free, while substantially increasing its share of eligible renewable electricity to over 50% of its annual need. Equally important, the contribution of Slate Solar represents a step forward in the decarbonization of California’s transportation sector, currently the highest emitting segment of the state’s economy.”
Tom Habashi, CEO of Central Coast Community Energy, said, “This is a landmark project in California’s progress to renewable energy. It will deliver tremendous value for our 400,000-plus customers on the Central Coast. We’re fortunate to have invested early in projects such as this, which combine renewable energy generation with storage. Both are essential to building a reliable, renewable grid.”
Bruce McLaughlin, General Manager and General Counsel, PWRPA, said, “The Slate Solar Project, specifically with its co-located storage, is a perfect and timely addition for PWRPA. Slate promises to provide cost-effective, dispatchable, carbon-free electricity that is essential to ensuring the reliability of PWRPA’s operations involving the cascading interdependency of three “lifeline” critical infrastructure systems: energy – water – food & agriculture.”
Girish Balachandran, Silicon Valley Clean Energy CEO, said, "This is the first, new-build renewable and energy storage project to come online for Silicon Valley Clean Energy customers, and marks the next chapter for our agency. This project meets the ambitious carbon-reduction goal set by SVCE to accelerate the building of new renewable and storage assets in order to rapidly advance our regional and statewide decarbonization goals."
GSRP is proud to add the Slate project to its multi-gigawatt portfolio of renewable energy projects across the United States.
About Goldman Sachs Asset Management and Goldman Sachs Renewable Power
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of December 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 2017, GSRP has sponsored more than 850 solar and storage projects across 27 U.S. states that collectively have a capacity of more than 2.6 gigawatts of clean, renewable power. Follow us on LinkedIn.
Media
Ally Copple
This email address is being protected from spambots. You need JavaScript enabled to view it.
713.201.8800
Goals include stewarding growth in global energy markets
HOUSTON--(BUSINESS WIRE)--Audubon Engineering Company LLC (AEC), a portfolio of companies providing engineering, consulting, construction, fabrication, cybersecurity, and technical field services to the energy, power, infrastructure, and industrial markets, announced today the promotion of David Robison to the position of CEO.
This promotion is part of a strategic initiative to advance AEC’s growth in emerging energy markets, including clean energy solutions like liquefied natural gas, hydrogen, and renewables. The move will help the company continue delivering efficient energy infrastructure and technical expertise to its customers around the world.
Over his 11-year tenure with AEC, David has held several positions, starting as the controller in the company’s accounting and finance group. He was promoted to CFO and has also served as the president of Audubon Field Solutions LLC for the last three years. He earned both a bachelor’s and a master’s degree in Accounting from Louisiana State University.
“I am truly honored to serve as Audubon’s next CEO,” David said. “AEC employs the most talented and dedicated people in our industry. Together, we will continue to build on our success while exceeding our clients’ expectations on value, sustainability, and quality.”
Ryan Hanemann, a managing partner of AEC, added, “David has been an invaluable part of our leadership team. His years of corporate stewardship and many contributions to our entrepreneurial culture will enable him to effectively lead Audubon to even greater success in globally integrated energy infrastructure services.”
On Twitter: @audubonco
About Audubon Engineering Company LLC
Audubon Engineering Company LLC is a portfolio of affiliate companies providing engineering, consulting, construction, fabrication, cybersecurity, and technical field services to the energy, power, infrastructure, and industrial markets. With proven industry experience, innovative technologies, and data-driven insight, the Audubon group of companies delivers sustainable solutions to build a better tomorrow. For more information, visit auduboncompanies.com.
Media Contact:
Ivonne Hallard
Sr. Director of Marketing and Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
AKRON, Ohio--(BUSINESS WIRE)--$BW #sustainability--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has joined the United Nations (UN) Global Compact, a corporate sustainability initiative that provides a global platform for the development, implementation and disclosure of responsible business practices in the areas of human rights, labor, the environment and anti-corruption.
"B&W is a leading provider of clean energy solutions and systems that reduce greenhouse gases and help preserve the earth’s natural resources, and the UN Global Compact and its Ten Principles align closely with our business strategy, values and culture,” said B&W Chairman and Chief Executive Officer Kenneth Young. “As a leader and innovator in decarbonization solutions, renewable power generation including waste-to-energy, biomass-to-energy and solar, as well as advanced emissions control technologies, B&W has a responsibility to help drive the world’s energy transition to ensure a sustainable future.”
“We are pleased to announce our commitment to this important initiative and to engaging in collaborative projects that advance the broader development goals of the United Nations, particularly the Sustainable Development Goals,” Young said.
With more than 15,000 companies and 3,000 non-business signatories based in over 160 countries and 69 local networks, the UN Global Compact is the world’s largest corporate sustainability initiative, working to unite business for a better world.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to its status as a Participant in the UN Global Compact and its role in supporting global sustainability efforts, and to implementing actions in support of the Global Compact. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Chief Strategy Officer and Sr. Vice President, Corporate Development
Babcock & Wilcox
704.625.4944
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
This email address is being protected from spambots. You need JavaScript enabled to view it.
One-third of U.S. Companies Report Losing Business Over Their Competitors’ Sustainability Practices
SANTA BARBARA, Calif.--(BUSINESS WIRE)--U.S. companies are encountering significant, long-term consequences — including lost sales — for not proactively addressing the climate crisis, according to a new report from NEXT Energy Technologies, Inc., released today. Among measurable pressures from partners, government regulators and investors, 33% of companies surveyed reported losing business to their competitors because of insufficient climate practices. Without properly addressing these concerns, companies risk losing employees, sales and investments to more green competitors in an already volatile marketplace.
NEXT surveyed more than 200 cross-industry senior managers, executives and C-suite decision-makers to better understand the challenges businesses face in addressing the climate crisis and what they’re doing to meet the mounting pressures from regulators and the broader business ecosystem. The report, Paying the Apathy Tax: How Climate Inaction Will Cost Companies, defines the response to pressures on companies into two categories — “hard” and “soft” compliance with climate change mitigation measures.
Hard Climate Compliance:
A quick and direct response to factors beyond the company’s realm of control, including government mandates, regulations and environmental urgency.
Soft Climate Compliance:
A measured response to more abstract factors, including social contracts, investment in real progress, customer or public perception, profit or market access.
Corporate Leaders Are Pushing for Climate Action, But for Different Reasons
Across the board, U.S. companies are working to improve their sustainability practices — 80% reported that their business has taken a more active approach to its environmental impact over the last few years. When queried about the primary driver behind increased climate action, respondents cited their leadership’s personal interest in climate progress (49%), access to new environmental-focused markets (34%) and PR/company image goals (32%) as the top factors.
Customers (and Investors) Are Speaking with their Dollars
Customers are wielding their buying power — they are more educated and socially engaged than ever and recognize that their money and how they spend it has influence over what companies do with their sustainability plans.
Seventy-four percent of respondents believe their customers are now more interested in buying and engaging with companies more seriously addressing their environmental impact. The challenge of public perception is reflected in the steps companies say they’re taking to improve their impact and image:
Companies also report facing pressure from the broader business ecosystem of investors, vendors and other professional service partners. Nearly half (46%) of respondents reported discussing sustainability issues when engaging with outside entities. Further, 77% reported altering their company’s environmental impact plan based on those conversations.
“Every rational, engaged and forward-thinking board or C-suite realizes the need to act with urgency to address the climate crisis,” said Daniel Emmett, co-founder and CEO of NEXT. “Climate mitigation is no longer just a federal regulation problem for oil companies or manufacturers — the broader business community and consumers are making it crystal clear that inaction has tangible economic and competitive consequences.”
Office Buildings as a Bellwether
Across the U.S., business leaders are facing regulatory changes from both the federal and state governments. As climate change moves from “issue” to “crisis,” governments at all levels are beginning to recognize the importance of sustainable changes, and expecting businesses to recognize their climate impact — and take the necessary steps to change it. Eighty-two percent of respondents reported that government environmental regulations have required them to change the functions of their business.
One of the clearest and most observable manifestations of these changes is in the physical characteristics of the buildings these companies occupy. In 2021, the California Energy Commission (CEC) voted to require builders in the state to include solar power and battery storage in certain new commercial structures as well as high-rise residential projects.
Seventy percent of respondents reported willingness to alter features of their physical buildings and other workspaces to meet increasing demands. The leading choices of change were adding energy-efficient or energy-generating features and improving water conservation methods.
What Counts as “Enough”? What Else is on the Line?
Of those surveyed, 71% believe their companies’ sustainability efforts are “enough” to meet impending regulatory requirements and consumer demand for action. In a previous report by NEXT, 74% of employees said they would consider leaving their job if their company wasn’t meeting their expectations for climate and sustainability.
As consumer, investor and even employee behavior continue to reward companies that go beyond the bare minimum of today, it’s imperative business decision-makers understand the risk of sales, employee and market attrition if they lag behind.
To download the full report and to learn more about NEXT, visit www.nextenergyinsights.com.
About NEXT Energy Technologies, Inc.
NEXT Energy Technologies is a Santa Barbara, California company developing transparent energy harvesting window technology that allows architects and building owners to transform windows and glass facades into producers of low-cost, on-site, renewable energy for buildings. NEXT’s technology is enabled by proprietary organic semiconducting materials that are earth-abundant, low-cost, and are coated as an ink in a high-speed, low-cost, and low energy process. For more information, visit https://www.nextenergytech.com/.
Eric Becker
104 West Partners for NEXT Energy Technologies
This email address is being protected from spambots. You need JavaScript enabled to view it.
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”) today announced an updated long-term base dividend growth plan. Details can be found in the presentation made available today on NOG’s website at https://www.northernoil.com/investors/company-information/presentations.
DIVIDEND GROWTH PLAN ACCELERATION
NOG management has updated its recommended long-term base dividend plan to increase planned growth in 2022 and 2023. Quarterly dividend growth is now expected to average 23% through year-end 2023, with significant acceleration in 2022. This includes a plan to recommend a dividend of $0.19 per share to the Board of Directors for the second quarter of 2022, a 36% increase over the first quarter dividend, and 27% higher than the previous target of $0.15.
ADDITIONAL SHAREHOLDER RETURNS
NOG continues to use its free cash flow to boost shareholder returns. During the first quarter of 2022, NOG has agreed to repurchase and retire approximately $26.3 million in face value of its 6.5% Series A Perpetual Convertible Preferred Stock, including the $7.2 million previously announced in NOG’s year-end earnings release. After these transactions, the remaining outstanding liquidation preference value of NOG’s Preferred Stock has been reduced to $195.6 million.
In total, these transactions reduce NOG’s fully diluted share count by approximately 1.2 million shares and reduce annualized dividends on the Series A stock by approximately $1.7 million.
MANAGEMENT COMMENT
“Robust free cash flow continues to allow us to reach our targets faster,” commented Nick O’Grady, NOG’s Chief Executive Officer. “This has driven NOG to accelerate our dividend growth plan, while also taking advantage of what we perceive as a significant dislocation in our current market valuation. These actions will serve to boost per share values, reduce preferred dividend payments and simplify our balance sheet, while we continue to target less than 1.0x leverage in 2022. Additionally, as 2022 progresses, a strong pipeline of high-quality bolt-on prospects continues to grow, and this could provide further accretion opportunities and increase long term cash return potential for shareholders.”
ABOUT NORTHERN OIL AND GAS
NOG is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about NOG can be found at www.northernoil.com.
SAFE HARBOR
This press release and the presentation referred to herein contain forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts included or referenced in this press release regarding NOG’s dividend plans and practices (including timing, amounts and relative performance), financial position, business strategy, plans and objectives for future operations, industry conditions, cash flow, and borrowings are forward-looking statements. When used in this presentation, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond NOG’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in NOG’s capitalization, changes in crude oil and natural gas prices; the pace of drilling and completions activity on NOG’s properties and properties pending acquisition; the effects of the COVID-19 pandemic and related economic slowdown; NOG’s ability to acquire additional development opportunities; the projected capital efficiency savings and other operating efficiencies and synergies resulting from NOG’s acquisition transactions; integration and benefits of property acquisitions, or the effects of such acquisitions on NOG’s cash position and levels of indebtedness; changes in NOG’s reserves estimates or the value thereof; general economic or industry conditions, nationally and/or in the communities in which NOG conducts business; changes in the interest rate environment or market dividend practices, legislation or regulatory requirements; conditions of the securities markets; NOG's ability to consummate any pending acquisition transactions; other risks and uncertainties related to the closing of pending acquisition transactions; NOG’s ability to raise or access capital; changes in accounting principles, policies or guidelines; and financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting NOG’s operations, products, services and prices. Additional information concerning potential factors that could affect future plans and results is included in the section entitled “Item 1A. Risk Factors” and other sections of NOG’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as updated from time to time in amendments and subsequent reports filed with the SEC, which describe factors that could cause NOG’s actual results to differ from those set forth in the forward-looking statements.
NOG has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond NOG’s control. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except as may be required by applicable law or regulation, NOG does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.
Mike Kelly, CFA
Chief Strategy Officer
952-476-9800
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.