MGE's newest solar array serves the City of Madison and Madison Metropolitan School District.

MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric's (MGE) latest solar array, the 8-megawatt (MW) Hermsdorf Solar Fields, is fully operational and delivering locally generated, sustainable energy to MGE's distribution grid. The project in southeast Madison provides solar energy to the City of Madison and to the Madison Metropolitan School District (MMSD) under MGE's innovative Renewable Energy Rider (RER).

"We are excited to have this solar array in service, providing carbon-free, cost-effective electricity as we continue to grow our use of renewable energy and move toward net-zero carbon electricity by 2050," said Jeff Keebler, MGE Chairman, President and CEO. "Thank you to the City of Madison and MMSD for their partnership on this project, which provides another source of locally generated clean energy and is another step toward our shared sustainability goals."

"I'm delighted to be partnering with MGE and MMSD to bring sustainable energy to Madison," said Madison Mayor Satya Rhodes-Conway. "The clean solar-powered electricity generated by Hermsdorf Solar Fields helps the City of Madison take a significant step toward our 100% renewable energy goal for City operations."

The City is served by 5 MW of the output and MMSD is served by 3 MW of the output under separate RER agreements with MGE. The electricity generated by this distributed solar project is expected to increase renewable energy use in City operations by nearly 20% and by about 16% for MMSD.

Hermsdorf Solar Details

Located on more than 50 acres of land off of East Buckeye Road in southeast Madison, the solar array includes nearly 30,000 solar panels consisting primarily of bifacial panels that produce energy from both sides as they track the sun throughout the day. The project was developed by NextEra Energy Resources Development, LLC.

MGE owns the array and leases the land from the Hermsdorf family. MGE will add pollinator plantings in certain areas of the Hermsdorf site to provide pollinator habitat for dwindling monarch and honeybee populations.

Renewable Energy Rider Grows Local Clean Energy

MGE's RER enables MGE to partner with a large energy user to tailor a renewable energy solution to meet that customer's energy needs. The City of Madison and MMSD have entered into separate RER agreements with MGE, which were approved by the Public Service Commission of Wisconsin. RER customers are responsible for costs associated with the renewable generation facility and any distribution costs to deliver energy to the customer. The RER model grows clean energy in our community.

Working Toward Net‐Zero Carbon Electricity

MGE has a goal to reduce carbon emissions at least 80% by 2030, consistent with global climate science to limit global warming. MGE continues to transition its energy supply to cleaner sources, with the anticipated addition of nearly 400 MW of wind, solar and battery storage between 2015 and 2024.

In May 2019, MGE announced its goal of net-zero carbon electricity by 2050, making it one of the first utilities in the nation to commit to net-zero carbon by mid-century. MGE's net-zero goal is consistent with climate science from the Intergovernmental Panel on Climate Change (IPCC) October 2018 Special Report on limiting global warming to 1.5 degrees Celsius. To achieve deep decarbonization, MGE is growing its use of renewable energy, engaging customers around energy efficiency and working to electrify transportation, all of which are key strategies identified by the IPCC.

About MGE

MGE generates and distributes electricity to 159,000 customers in Dane County, Wis., and purchases and distributes natural gas to 169,000 customers in seven south-central and western Wisconsin counties. MGE's parent company is MGE Energy, Inc. The company's roots in the Madison area date back more than 150 years.

Steve Schultz
Corporate Communications Manager
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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro”) (NYSE: PUMP) today announced that it will issue its first quarter of 2022 earnings release on Tuesday, May 3, 2022 after the close of trading. ProPetro will host a conference call on Wednesday, May 4, 2022 at 8:00 AM Central Time to discuss its first quarter results.

To access the conference call, U.S. callers may dial toll free 1-844-340-9046 and international callers may dial 1-412-858-5205. Please call ten minutes ahead of the scheduled start time to ensure a proper connection. The call will also be webcast on ProPetro’s website, www.propetroservices.com.

A replay of the conference call will be available for one week following the call and can be accessed toll free by dialing 1-877-344-7529 for U.S. callers, 1-855-669-9658 for Canadian callers, as well as 1-412-317-0088 for international callers. The access code for the replay is 5730343.

About ProPetro

ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing pressure pumping and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. For more information visit www.propetroservices.com.

ProPetro Holding Corp
David Schorlemer, 432-227-0864
Chief Financial Officer
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Acquisition Strengthens ARM’s Natural Gas Market Connectivity and Links ARM Supply Portfolio with Near-Term Demand

HOUSTON--(BUSINESS WIRE)--ARM Energy Holdings, LLC (“ARM”), a premier infrastructure and energy marketing services firm, today announced that it, along with certain of its affiliates and various financial partners and co-investors has acquired Monument Pipeline, LP (“Monument”), a Houston-based natural gas pipeline, from affiliates of NextEra Energy Partners, LP. Monument provides natural gas transportation and marketing services to end-users in the Houston area and will be operated by affiliates of ARM.

Monument is a natural gas transportation system with approximately 156 miles of pipeline originating at the Katy Hub, with connections to the Houston Ship Channel, La Porte and League City market areas. The pipeline also services several residential city gates in high-growth areas of the Greater Houston metroplex. Through Monument’s extensive existing footprint and growth potential, ARM will expand its marketing reach to a diverse group of additional end-users. ARM will continue to provide efficient and quality transportation services across Monument and other adjacent markets.

Zach Lee, Chief Executive Officer of ARM, said, “ARM has worked throughout its history to connect energy suppliers to demand centers and provide outstanding service and excellent results for our clients. Monument is a natural expansion of this mission, with strategic capabilities that enable our combined team to deliver enhanced services to meet our customers’ rising energy demand needs.”

Greenhill & Co. served as exclusive financial advisor, and Vinson & Elkins LLP and Eversheds Sutherland (US) LLP acted as legal advisors to the buyer for this transaction.

About ARM Energy Holdings, LLC

Headquartered in Houston, with offices in Calgary, Denver, Los Angeles and Nashville, ARM Energy Holdings, LLC is a premier marketing services and infrastructure firm, active in every sector of the energy value chain across all major North American oil and gas basins and many key supply centers. For more information, please visit www.armenergy.com.

Media Contacts
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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has successfully re-financed its revolving credit facility (“RCF”) and completed the semi-annual re-determination of its reserve-based lending (“RBL”) facility. Through these financing activities and strong free cash flow in the first quarter of 2022, liquidity has been further strengthened.

Revolving Credit Facility

Kosmos has re-financed its RCF with a total capacity of $250 million while extending the maturity to the end of 2024. The reduced RCF size will offset an increase in the margin, resulting in slightly lower interest expenses going forward. In anticipation of the cessation of the London Interbank Offered Rate (“LIBOR”), this is one of the energy industry’s first credit facilities linked to the Secured Overnight Financing Rate (“SOFR”). The facility remains undrawn.

Reserve-Based Lending Facility

Kosmos also announced today that in conjunction with the spring re-determination of the RBL, the Company’s lending syndicate approved a borrowing base capacity of $1.25 billion with current outstanding borrowings of $0.9 billion. Total commitments as of April 1, 2022 were $1.25 billion.

The RBL facility is secured against the Company’s production assets in Ghana (excluding the incremental interests acquired from Occidental Petroleum in October 2021) and Equatorial Guinea with the first amortization payment scheduled for March 2024.

Liquidity

Total liquidity at the end of the first quarter of 2022 increased to approximately $0.9 billion, including the impact of the reduced RCF size.

“We are pleased to have successfully completed the RCF re-financing and our RBL redetermination, which secures the liquidity necessary to support the growth of our differentiated portfolio. We appreciate the continued support of our key relationship banks. With strong free cash flow generation, coupled with the recent receipt of pre-emption proceeds, we are making excellent progress in reducing both leverage and absolute debt while growing liquidity. At current oil prices we expect leverage to be below our 1.5x target by year-end 2022 and are well on the way to achieving that outcome” said Neal Shah, Chief Financial Officer.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Sustainability Report. For additional information, visit www.kosmosenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Management does not provide a reconciliation for forward looking non GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of our control or cannot be reasonably predicted. For the same reasons, management is unable to address the probable significance of the unavailable information. Forward looking non GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.

Investor Relations
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The acquisition of CPT further strengthens Mitsubishi Electric’s service capabilities in the critical power industry

WARRENDALE, Pa.--(BUSINESS WIRE)--Mitsubishi Electric Power Products, Inc. (MEPPI) today announced that the acquisition of Computer Protection Technology (CPT) has been completed. CPT is a leading critical power service and solutions provider in the southern California region. Financial terms of the transaction were not disclosed.

Demand for critical power equipment and services escalates as businesses pursue digital initiatives employing mobile, edge computing, internet of things, and data analytics. MEPPI has a long history of successfully satisfying customer needs for continuously reliable power products and solutions that maximize customer uptime. As a professional and experienced provider of critical power services, CPT has established a robust and loyal customer base. This marriage of a renowned critical power systems manufacturer with a leading service provider will create exponential value for customers of both companies.

CPT will maintain base operations in southern California, as a service branch of MEPPI.

About Computer Protection Technology

Computer Protection Technology (CPT) was formed in 1986 in Southern California with field service offices located throughout Los Angeles, Orange, San Diego and surrounding counties. CPT is driven to provide personal, honest and reliable Power Protection services. CPT’s commitment to their customers has led to steady, manageable growth over the years. CPT is now viewed as the dominant Critical Power Service Organization in the Region. For more information, visit www.cptups.com.

About Mitsubishi Electric Power Products, Inc.

Headquartered in Warrendale, Pennsylvania, Mitsubishi Electric Power Products, Inc. (MEPPI) is a U.S. affiliate of Mitsubishi Electric Corporation serving the North American power systems, data center, rail transportation, and large visual display markets. MEPPI products include gas circuit breakers, vacuum circuit breakers, power transformers, gas-insulated substations, FACTS, high voltage DC systems, battery energy storage systems, electric generators, nuclear power plant control systems, uninterruptible power supplies, rail transportation equipment, rail signaling systems, and high-definition LED displays. Information on MEPPI’s complete line of products and services can be found at www.MEPPI.com. Information on MEPPI’s Critical Power Solutions Division can be found at www.MitsubishiCritical.com.

About Mitsubishi Electric Corporation

With over 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment.

Tim Kovach
Marketing Communications Manager
Mitsubishi Electric Power Products, Inc. (MEPPI)
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Jack Bowen
Manager of Marketing and Planning
Critical Power Solutions Division
Mitsubishi Electric Power Products, Inc. (MEPPI)
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DUBLIN--(BUSINESS WIRE)--The "Oil Refining Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The oil refining market is expected to record a CAGR of slightly more than 1.5%

he COVID-19 outbreak in Q1 2020 had a moderate negative impact on the oil refining market due to a reduction in the consumption of oil refined products. For instance, countries like India consumed 37.19 billion liters of petrol in 2020, from 42.27 billion liters in 2019.

Further, the COVID-19 pandemic has caused delays in several refinery up-gradation projects. Growth in refining capacity in major regions, such as in Asia-Pacific, is expected to drive the demand for petroleum products in the coming years.

However, the oil refining market is restrained by a lack of investments in the oil and gas sector, delayed commissioning projects, acquisition of lands, and increasing adoption of electric vehicles in developed and developing countries worldwide.

Key Highlights

• The expansion of downstream infrastructure worldwide, in order to meet the increasing demand for refined petroleum products, is expected to drive the market during the forecast period.
• Some of the major African countries, such as Nigeria and Algeria, are planning to convert themselves into regional hubs for refineries in the coming years. This factor, in turn, is expected to create huge opportunities for the international and domestic refiners to tap into the African market in the future.
• Asia-Pacific is expected to remain the major player in the oil refining market. As of 2021, the region covered around 26.3% of the global refining capacity. It is expected to remain the major region during the forecast period, owing to the upcoming major refinery projects in China and India.

Expansion in the Downstream Infrastructure

• The demand for oil as fuel in the transportation sector is likely to maintain its momentum in the short term. The recovery in oil consumption trends, driven by lower oil prices, is expected to support this momentum. Many countries across the world are trying to invest in refining capacity to reduce their dependence on imported refined petroleum products.
• Several petrochemical projects are planned to be constructed across the world. For e.g., 512 petrochemical projects are expected to commence operations in China during 2021-2025. According to a petrochemicals report published by the International Energy Agency (IEA), nearly all regions except for Europe will increase the production of primary chemicals by 2050. However, the largest capacity growth is seen in the Middle East and Asia-Pacific
• In addition, in Abu-Dhabi, Reliance Industries (RIL) and Abu Dhabi National Oil Company (ADNOC) signed an agreement in 2021 to set up a new petrochemical complex in Ruwais, Abu Dhabi. The integrated plant will have a capacity to produce 940,000 ton of chlor-alkali, 1.1 million ton of ethylene dichloride, and 360,000 ton of PVC annually.
• The United States has about 95 planned and announced projects, which are expected to have a total capacity of up to 63 MTPA by 2026. The CAPEX for these projects stands at around USD 53 billion. Major capacity additions in the country are likely to be initiated by IGP Methanol LLC and NW Innovation Works.
• Hence, due to these factors, the expansion of the global refining sector in the form of upcoming petrochemical and refinery complexes is expected to drive the oil refining market during the forecast period.

Competitive Landscape

The oil refining market is moderately consolidated. Some of the major players operating in the market include Exxon Mobil Corporation, Royal Dutch Shell PLC, Sinopec Corp., BP PLC, and Saudi Arabian Oil Co.

Key Topics Covered:

1 INTRODUCTION

1.1 Scope of the Study

1.2 Market Definition

1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Refining Capacity and Forecast in million barrels per day (mbpd), till 2026

4.3 Refining Throughput in barrels per day, till 2019

4.4 Recent Trends and Developments

4.5 Government Policies and Regulations

4.6 Market Dynamics

4.7 Supply Chain Analysis

4.8 Porter's Five Forces Analysis

5 MARKET SEGMENTATION - BY GEOGRAPHY

5.1 North America

5.2 Asia-Pacific

5.3 Europe

5.4 South America

5.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Exxon Mobil Corporation

6.3.2 Royal Dutch Shell PLC

6.3.3 Sinopec Corp.

6.3.4 BP PLC

6.3.5 Saudi Arabian Oil Co.

6.3.6 Valero Energy Corporation

6.3.7 Petroleos de Venezuela SA

6.3.8 China National Petroleum Corporation

6.3.9 Chevron Corporation

6.3.10 Rosneft PAO

6.3.11 Total SA

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/8j2l2v

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Bill Credit to Combat Climate Change from the State Saves PG&E Customers Money

SAN FRANCISCO--(BUSINESS WIRE)--Residential customers will automatically receive the California Climate Credit this month created by the California Public Utilities Commission (CPUC) to fight climate change. Pacific Gas and Electric Company (PG&E) is pleased to administer the credit in a timely manner that will help reduce customer energy bills this month.

For natural gas residential customers, the credit will be $47.83, and for electric residential customers, the credit will be $39.30. Customers who receive both services will receive a total credit of $87.13.

“This credit is great news for PG&E customers and will reduce energy bills and provide more opportunities to invest in energy-efficiency and money-saving upgrades,” said Vincent Davis, PG&E’s Vice President of Customer Operations and Enablement.

California requires power plants, natural gas providers and other large industries that emit greenhouse gases to buy carbon pollution permits from auctions managed by the California Air Resources Board. The California Climate Credit is customers’ share of the payments from the state’s program.

Customers do not need to do anything to receive the credit, it will automatically appear as an adjustment on a customer’s bill under the Adjustments Section on the Detailed Charges page.

Ways to Reduce Energy Bills

PG&E offers various programs to help customers save money and energy.

• California Alternate Rates for Energy (CARE) Program saves 20% or more each month on energy bills for income-qualified customers.
• Family Electric Rate Assistance (FERA) Program offers a monthly discount on electric bills for income-qualified customers with three or more people in the household.
• Medical Baseline provides a lower monthly rate for customers with special energy needs due to certain medical conditions.
• Budget Billing averages out energy costs for more predictable monthly payments and eliminates big spikes in bills due to seasonal changes.
• Bill Forecast Alerts are notifications sent by email, text or phone notifying the customer if their monthly bill is expected to exceed a specific amount set by the customer.

Residential customers receive the Climate Credit twice a year, in April and October. In 2022, small business customers will receive a bill credit in October.

To learn more about the Climate Credit, visit the CPUC’s California Climate Credit page.

About PG&E

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

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DUBLIN--(BUSINESS WIRE)--The "Bunker Fuel Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The bunker fuel market was valued at USD 97 billion in 2019, and it is expected to reach USD 210 billion by 2027, registering a CAGR of more than 13% during the forecast period of 2022-2027.

The COVID-19 pandemic slowed down and delayed shipping and ship crew movements in many countries, and due to this, the logistics and supply chain industries were disrupted, resulting in major losses to the transportation sector, including the shipping industry.

This disruption was caused on both sides, i.e., the demand side and the supply side, and it is likely to pave the way for the permanent shutdown of some industrial manufacturing facilities, leading to reduced global trade. This factor is expected to have a negative impact on the demand in the bunker fuel market. However, the increasing preference for LNG-based vessels and growing LNG trade are likely to be significant factors driving the bunker fuel market demand during the forecast period.

With the imposed restriction on HSFO, post-2020, VLSFO is expected to create substantial market demand. However, with increasing trade tensions between different countries like the United States and China, high tariffs and other trade barriers are being imposed on various goods. This factor is likely to hinder the market growth during the forecast period.

With the International Maritime Organization's intervention to decrease the share of high sulfur fuel oil, the demand for LNG as a bunker fuel is expected to rise significantly during the forecast period.

Developing sea trade routes and rising international marine trade are expected to offer tremendous opportunities for marine fuel suppliers in the coming years.

Asia-Pacific is expected to dominate the market during the forecast period, with the majority of the demand coming from countries like China, India, etc.

LNG as a Bunker Fuel is Likely to Witness Significant Growth

The LNG bunkering market has evolved over the past decade, driven by the growth in global LNG usage, clean energy demand, and its ability to reduce greenhouse gas emissions. The order and delivery of LNG-powered vessels are increasing, and the reduced natural gas prices in 2014 marked the beginning of expanding opportunities for such vessels.

LNG-based vessels' operational cost is expected to be the least among all the fuel alternatives as the new emission regulation is being implemented as mandated by the International Maritime Organization.

Further, a gradual shift to LNG for propulsion is more advantageous than the traditional methods of fueling ships with heavy fuel oil, marine gas oil, marine diesel oil, etc. LNG-based propulsion reduces carbon footprint significantly and increases the ship's operational efficiency.

As of 2021, there are 229 LNG-fueled ships in operation, while 404 ships were in order (according to Sea LNG). This indicates the shipping industry's commitment to adopt LNG as a marine fuel across the world.

The LNG bunkering industry also registered significant investments in the construction of infrastructure. As a result, ship owners, particularly the ones that are operating in the European or American Sea, now prefer LNG-based vessels over conventional vessels. The LNG-fueled ships have not penetrated the market for bulk carriers to a significant extent, as these ships are designed to carry heavy loads, and LNG technology is relatively new to apply for this type of vessel. The bulk carriers amount to the largest share of in-operation ships.

Although LNG presents an impressive use case as bunker fuel, it has not penetrated deeply into the bulk carrier sector, which accounts for the largest share of in-operation ships across the world.

Thus, LNG as a bunker fuel presents an impressive picture, and it is likely to witness widespread adoption as the fuel of choice.

Competitive Landscape

The bunker fuel market is fragmented. Some of the major players in the market include Gazpromneft Marine Bunker LLC, Exxon Mobil Corporation, Royal Dutch Shell PLC, TotalEnergies SE, and BP PLC.

Key Topics Covered:

1 INTRODUCTION

1.1 Scope of the Study

1.2 Market Definition

1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2027

4.3 High Sulfur Fuel Oil, Very Low Sulfur Fuel Oil, Marine Diesel Oil, and LNG Bunkering Consumption, 2018-2027

4.4 Scrubbed and Un-scrubbed High Sulfur Fuel Oil Consumption, in million barrels per day, 2018-2027

4.5 List of the Ship Owners, Global, as of 2020

4.6 List of Bunkering Companies, Global, as of 2020

4.7 Recent Trends and Developments

4.8 Government Policies and Regulations

4.9 Market Dynamics

4.10 Supply Chain Analysis

4.11 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Fuel Type

5.1.1 High Sulfur Fuel Oil (HSFO)

5.1.2 Very Low Sulfur Fuel Oil (VLSFO)

5.1.3 Marine Gas Oil (MGO)

5.1.4 Liquefied Natural Gas (LNG)

5.1.5 Other Fuel Types

5.2 Vessel Type

5.2.1 Containers

5.2.2 Tankers

5.2.3 General Cargo

5.2.4 Bulk Carriers

5.2.5 Other Vessel Types

5.3 Geography

5.3.1 North America

5.3.2 Asia-Pacific

5.3.3 Europe

5.3.4 South America

5.3.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Fuel Suppliers

6.3.1.1 Exxon Mobil Corporation

6.3.1.2 Royal Dutch Shell PLC

6.3.1.3 Gazpromneft Marine Bunker LLC

6.3.1.4 BP PLC

6.3.1.5 PJSC Lukoil Oil Company

6.3.1.6 TotalEnergies SE

6.3.1.7 Chevron Corporation

6.3.1.8 Clipper Oil

6.3.1.9 Gulf Agency Company Ltd

6.3.1.10 Bomin Bunker Holding GmbH & Co. KG

6.3.2 Ship Owners

6.3.2.1 AP Moeller Maersk AS

6.3.2.2 Mediterranean Shipping Company SA

6.3.2.3 China COSCO Holdings Company Limited

6.3.2.4 CMA CGM Group

6.3.2.5 Hapag-Lloyd AG

6.3.2.6 Ocean Network Express

6.3.2.7 Evergreen Marine Corp Taiwan Ltd

6.3.2.8 Yang Ming Marine Transport Corporation

6.3.2.9 HMM Co. Ltd

6.3.2.10 Pacific International Lines Pte Ltd

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/u9pkb4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CHICAGO--(BUSINESS WIRE)--ComEd today announced Lisa Graham has been promoted to the company’s senior vice president, chief financial officer and treasurer, effective April 1. In this role, Graham, a 12-year veteran of the company, is responsible for all ComEd finance activities, including financial reporting and analysis, budgeting, business planning, financings, and risk management.

Graham succeeds Joe Trpik, who served as interim CFO following the appointment of Jeanne Jones to senior vice president of corporate finance for Exelon, ComEd’s parent company. Trpik was recently named Exelon’s senior vice president and corporate controller, replacing Fabian Souza, who decided to leave Exelon May 10 for an opportunity at Google.

“ComEd has been fortunate to have Joe’s talents these past six months. I appreciate his flexibility and I wish him continued success in his newest role,” said Gil Quiniones, CEO of ComEd. “I’m also excited to welcome Lisa, who is a proven leader with a wealth of experience in finance and corporate strategy. Her commitment to excellence and her stellar business acumen will help us continue to produce outstanding results for our company and the families and businesses we’re privileged to serve.”

Prior to today’s appointment, Graham served four years as treasurer at Exelon, leading a 30-person team responsible for capital markets activities, capital structure strategies, structured financings, rating agency relationships, treasury operations and cash management, and corporate insurance and risk retention programs. She also served as a corporate finance lead for the separation of Exelon’s power generation and competitive energy businesses that was finalized in February 2022.

Before that, Graham served two years as Exelon’s assistant treasurer, where she led a 20-person team focused on executing all aspects of corporate strategy and managing credit-rating agency relationships, as well as overseeing cash management and cash forecasting for Exelon and its other subsidiaries.

Prior to Exelon, Graham served as manager of financial planning and analysis for PepsiCo’s Quaker Food & Snacks division. Graham earned a bachelor’s degree in mathematical economics from Colgate University, and an MBA from Northwestern University’s Kellogg School of Management.

Graham’s promotion is the latest in a series of new executive leadership announcements. In January, Glenn Rippie was named senior vice president and general counsel and, in November 2021, ComEd named Gil Quiniones CEO of the company and Melissa Washington chief customer officer and senior vice president of customer operations.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.

ComEd Media Relations
312-394-3500

DUBLIN--(BUSINESS WIRE)--The "Gas Turbine Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The gas turbine market is expected to register a CAGR of approximately 3.8% during the forecast period. Global electricity demand is increasing, and it doubled within the last two decades. It is expected to grow at twice the pace of energy demand as a whole, in the next 25 years.

Companies Mentioned

• General Electric Company
• Siemens AG
• Mitsubishi Heavy Industries Ltd
• Harbin Electric International Company Limited
• Bharat Heavy Electricals Limited
• Kawasaki Heavy Industries Ltd
• Ansaldo Energia SpA
• Solar Turbines
• Man Diesel and Turbo SE
• MTU Aero Engines Ag / Vericor Power Systems LLC

Key Market Trends

Increasing Demand for Turbine for Power Generation

• After a few years of constant carbon emissions, the emissions rose again in 2018, raising concerns about the use of coal-based power plants across the world. The governments all over the world are now putting in efforts to reduce the share of coal-based power plants, which have the potential to render opportunities for the increase in demand for gas turbines for power generation over the forecast period.
• Final investment decisions for the gas-based power generation in China grew by 70%, and for the first time, more gas-fired power capacity was sanctioned than that of coal.
• Moreover, the gas-based power generation is cheaper to install than the nuclear power plant; on the other hand, the gas-based power generation is a more reliable source as compared to renewables. These benefits clubbed with the urgency to reduce the carbon emission have fostered the increase in demand for gas turbines across the world.
• The EU policymakers consider gas turbines as little more than a bridging technology to achieve the 2030 targets until other technologies mature. It is likely to drive the demand for gas turbines during the forecast period. However, the emission of methane and other harmful gases can create a threat to the growth of the market.

Asia-Pacific to Dominate the Market

• The Asia-Pacific region dominated the gas turbine market with gas-based power generation increasing by 3.04% in 2018 compared to that in 2017, and gas consumption over the same period increased by 7.41% in Asia-Pacific. The Asia-Pacific market is driven by several factors, such as the rising demand for energy, low environmental impact, and increasing flexibility and efficiency.
• Due to technological advancement and the decreasing cost of shale gas production, natural gas production increased by 18.75% during 2011-2018, globally. Rapid industrialization and urbanization are driving an enormous and ever-growing power demand in the region, which necessitates the development of numerous power generation projects. This, in turn, is driving the demand for gas turbines in China.
• India's power sector is dominated by coal-based generation, accounting for 54.7% of the total installed capacity in December 2018. The country identified the potential of renewable energy and gas-based generation for decarbonizing the economy and meeting the targets as per the Paris Agreement. With the increasing share of gas-based generation, the demand for gas turbines is expected to increase.
• Countries, like Japan, with a growing social consensus against nuclear power, are prospective markets in this regard, especially as the country is also one of the world's largest power consumers.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2025

4.3 Recent Trends and Developments

4.4 Market Dynamics

4.4.1 Drivers

4.4.2 Restraints

4.5 Supply-Chain Analysis

4.6 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Capacity

5.1.1 Less than 30 MW

5.1.2 31-120 MW

5.1.3 Above 120 MW

5.2 Types

5.2.1 Combined Cycle

5.2.2 Open Cycle

5.3 End-User Industry

5.3.1 Power

5.3.2 Oil and Gas

5.3.3 Others

5.4 Geography

5.4.1 Asia-Pacific

5.4.2 North America

5.4.3 Europe

5.4.4 South America

5.4.5 Middle-East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/fgmjy4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (Nasdaq: EVGO, or the “Company”), a first mover in fleet electrification and owner and operator of first electric vehicle (EV) network powered by 100% renewable electricity, today announced that members of its senior management team, including Cathy Zoi, CEO of EVgo, will meet with investors on Monday, April 4, 2022 through Friday, April 8, 2022 in Europe.

In conjunction with the investor meetings, EVgo has made available an updated investor presentation which will be accessible ahead of Monday’s meetings on the Events & Presentations section of the Company’s investor relations website at https://investors.evgo.com/.

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 850 charging locations, EVgo’s owned and operated charging network serves over 60 metropolitan areas across more than 30 states and approximately 340,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

For Investors:
Ted Brooks, VP of Investor Relations
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310-954-2943

For Media:
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DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology, reported its financial results for the full year 2021.

Gerry McClinton, Capstone’s Chief Financial Officer, commented, “The Product Development team fought through 2 years of pandemic related delays in order to finalize the Smart Mirror portfolio. With inventory now available, Management has refocused on Strategic Development and Financial Management for future growth.”

Stewart Wallach, Capstone’s Chairman and Chief Executive Officer, commented, “Our company experienced firsthand what it is like to be tested at every level in every way during 2021.”

Mr. Wallach added, “Management's business acumen guided us through a maze of business obstacles that could never have been anticipated.”

Webcast and Teleconference to Review Results and Outlook

Friday, April 1, 2022
10:30 a.m. Eastern Time
Phone: (201) 689-8562

A telephonic replay will be available from 1:30 p.m. ET the day of the call until Friday, April 8, 2022. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13728169. Alternatively, the archive of the webcast will be available on the Company’s website at www.capstonecompaniesinc.com, along with a transcript once available.

About Capstone Companies, Inc.

Capstone Companies, Inc. is a public holding company that engages, through its wholly owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing and marketing of consumer products to retail channels throughout North America and certain international markets.

Visit our websites; www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com and www.capstoneconnected.com for information on our current product offerings. Contents of referenced URL’s are not incorporated herein.

Forward Looking Statements. This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing Company’s views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this press release and involve a number of risks and uncertainties, some beyond the Company’s control or ability to foresee, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including, including the impact of Coronavirus/COVID-19 pandemic on the Smart Mirror product line, any difficulty in marketing Company products in its target markets, competition in the market, and impact of evolving technologies in Smart Mirrors on Company’s prospects and products. Additional information that could lead to material changes in Company’s performance is contained in its filings with the Securities and Exchange Commission.

Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise. Any investment in the Company’s common stock, which is a “penny stock,” is highly risky and not suitable for investors who require liquidity and are unable to withstand the loss of their investment. Investors should only rely on public information in our filings with the SEC, especially disclosures of Risk Factors, as a basis for investment decisions about Company common stock. Company’s SEC filings can be accessed through SEC website: www.sec.gov or the corporate website listed below.

FINANCIAL TABLES FOLLOW. THE FOLLOWING SUMMARY FINANCIAL STATEMENT SHOULD BE READ ALONG WITH THE FORM 10K FINANCIAL STATEMENT FILED BY THE COMPANY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Aimee C. Brown
Corporate Secretary of Company
(954) 252-3440, ext. 313

NEW TAIPEI CITY, Taiwan--(BUSINESS WIRE)--Systems & Technology Corporation “SYSTECH” is one of the Leading IoV Solution providers in Taiwan. SYSTECH cooperated with Kouei Group Japanese as the main logistics solution provider for Taiwan Based Company. SYSTECH Designs manufactures and produces its Automatic Vehicle Locating Tracker; we also developed our Fleet Management Software which is a customizable, White Label and Integration Service throughout APIs. SYSTECH’s Design and Manufacturing Processes are Made In Taiwan.

For this year's IT week in Japan, SYSTECH specially showcased its unique CAREU UW1,UA1 trackers and Intelli FleetWeb fleet management platform software.

CAREU UW1 is a compact 4G GPS tracking device with water and dust resistance to withstand the harsh outdoor environment (IP 67), as well as a rich I/O interface that Supports fuel consumption sensor, temperature sensor and Driver’s identification Sensors (RFID or i-Button). The main applications of the CAREU UW1 are for Logistics and Car sharing.

CAREU-UA1 is an Expandable Asset Tracker:

• IP67 Capabilities

• Build-In LTE-CatM1/NB1 Communication Module

• Various Sensors such as Ambient light Change & Pressure Detection Sensors

• Bluetooth Interface for remote configuration and finally for Cost-Effectiveness, installation of a Magnetic Stand with Tamper detection is attached to the body.

• Extensible to 3 Battery level the UA1 has Stand-Alone capabilities with Battery life up to 6 Years.

The main applications of the CAREU-UA1 are the Asset Tracking, Warehouse, Construction & Mining Equipment tracking, ATMs Tracking etc.

SYSTECH’s Fleet Management Platform “Intelli FleetWeb” Is used by logistics, rental, transportation, manufacturing, or personal vehicle fleets to monitor fleet status, achieve real-time tracking functions as well as Video Tracking; Driver’s Behavior, and effectively manage fleets through statistical analysis reports, thereby reducing operating costs and improving business competitiveness.

For more information, please visit our website http://www.systech.com.tw/

Media:
Peggy Lee
TEL: +886-2-26981599#117
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Employees across 12 states plus D.C. to donate nearly 1,000 service hours in support of education, equity, the environment and other causes

BALTIMORE--(BUSINESS WIRE)--Employees across Constellation (Nasdaq: CEG), the nation’s largest producer of carbon-free energy, are preparing to mobilize for National Volunteer Month with more than 50 volunteer service events planned across 12 states. Projects include building houses for low-income families, partnering with local food banks to combat food insecurity and cleaning up nature trails, among other projects.

“Constellation is dedicated to being a catalyst for positive change in the communities where we live, work and serve, and the energy that our teams put into National Volunteer Month provides an opportunity to honor that commitment,” said Joe Dominguez, president and CEO, Constellation. “Projects we undertake this month will help address inequality, benefit the environment and improve quality of life in our communities, while giving our employees an opportunity to invest their time and effort in causes that matter to them.”

Examples of projects for National Volunteer Month in 2022 include:

• Illinois: Boxing and packaging food for distribution to local pantries and soup kitchens at the Greater Chicago Food Depository.
• Maryland: Cleaning trails and conducting maintenance of the Gwynns Falls Trail with Parks & People Foundation
• New York: Working on park improvements and maintenance at Pines of Peace Park
• Pennsylvania: Repairing homes for low income families with Good Works
• Texas: Building safe, affordable homes with Habitat for Humanity.

Constellation has a longstanding tradition of charitable giving and service to civic and nonprofit organizations. In 2021, Constellation volunteers provided more than 62,000 hours of volunteer service across its national footprint. For more information on Constellation’s community initiatives, visit constellationenergy.com.

About Constellation
Constellation is the nation’s largest producer of carbon-free energy and the leading competitive retail supplier of power and energy products and services for homes and businesses across the United States. Headquartered in Baltimore, its generation fleet powers more than 20 million homes and businesses and is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is 90 percent carbon-free. Constellation has set a goal to eliminate 100 percent of its greenhouse gas emissions by leveraging innovative technology and enhancing its diverse mix of hydro, wind and solar resources paired with the nation’s largest carbon-free nuclear fleet. Constellation’s family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Learn more at www.constellation.com or on Twitter at @ConstellationEG.

Paul Adams
Constellation Communications
410-470-9700
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Energy Dome will provide the CO2 Battery technology, and Ansaldo will provide equipment, engineering, and construction of new grid-scale energy storage to support the energy transition

MILAN & GENOA, Italy--(BUSINESS WIRE)--Energy Dome, a global provider of long-duration energy storage solutions that enable renewable energy to be dispatchable, and Ansaldo Energia, a leading international power OEM and service provider, signed a non-exclusive license agreement to partner on the commercialization of long-duration energy storage facilities across the EMEA region that will support greater integration and use of renewable energy on the grid. This partnership will help accelerate the transition away from fossil fuel power toward renewable energy to meet climate goals.

With Energy Dome’s first commercial CO2 Battery storage facility nearing completion in Sardinia, Italy, Energy Dome anticipates seeing as many as 30 facilities being built over the next five years in Italy, Germany, the Middle East, and Africa. These facilities will use Energy Dome’s non-flammable, non-toxic carbon dioxide-based energy storage solution to store and dispatch power. The companies anticipate the deployment of the first CO2 Batteries, including performance guarantees, starting in 2023, with Ansaldo Energia acting as EPC, based on the Front-End-Engineering-Design (FEED) developed by Energy Dome.

“Our agreement with Energy Dome is an important step in Ansaldo’s plans to expand our clean energy business with energy storage solutions to help power industry players get the most out of their solar, wind, and other renewable energy resources, while ensuring reliability,” said Giuseppe Marino, CEO of Ansaldo Energia after signing the agreement. “We are pleased to include Energy Dome’s low-cost, long-duration energy storage solution in our suite of grid-scale clean energy solutions and look forward to deploying CO2 Batteries in Europe, the Middle East, and Africa.”

Energy Dome’s CO2 Battery technology does not involve scarce and environmentally challenging raw materials like lithium. Instead, it uses carbon dioxide and off-the-shelf components to charge and discharge power from 4 to 24 hours, enabling renewables to serve as fully-dispatchable daily energy resources. Energy Dome’s CO2 Batteries can be deployed just about anywhere at less than half the cost of similar-sized lithium-ion battery storage facilities and have superior round-trip efficiency, with no performance degradation over a 25-year lifecycle.

“We are excited to partner with Ansaldo Energia to scale the deployment of low-cost, easy-to-build CO2 Battery storage facilities,” said Energy Dome Founder and CEO Claudio Spadacini. “By entering into this agreement, after detailed technology validation, Ansaldo endorses the CO2 Battery and ensures its bankability by including performance guarantees backed up by its balance sheet. Energy Dome is open for business and we are negotiating multiple pre-orders for energy storage facilities of 100 to 200 MWh in size.”

Energy Dome’s CO2 Battery uses CO2 in a closed-loop charge/discharge cycle as a storage agent. Prior to charging, gaseous CO2 is kept in a large dome structure. During charging, electricity from the grid is used to compress the CO2 into liquid form, creating stored heat in the process. During discharge, the liquid CO2 is evaporated using the stored heat, expanded back into its gaseous form, and used to drive a turbine to generate electricity.

About Energy Dome

Energy Dome is an energy technology company focused on transforming CO2 emissions, a primary factor in climate change, into part of the solution for the world’s transition to renewable energy. Led by a team with a track record of innovation in the energy sector, Energy Dome leverages its proprietary technology to sequester CO2 in a closed-loop for low-cost, long-duration, and durable battery storage that makes renewable power dispatchable at all times. For more information please visit www.energydome.com.

Media Contact
Cassandra Sweet
Henry Brafman
Antenna for Energy Dome
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BELLEVUE, Wash.--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner, and operator of industrial real estate in six major coastal U.S. markets, announced today it has entered agreements to host rooftop solar projects in Washington, D.C., with an aggregate power generating capacity of 8.4 MW —equivalent capacity to power over 700 homes.

The Company expects the projects to be operational in 2023 as part of Terreno Realty Corporation’s sustainability goal of rooftop solar on at least 5% of total rooftop area by year-end 2024.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, the impact of the COVID-19 pandemic on our business, our tenants and the national and local economies, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2021 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.

Jaime Cannon
415-655-4580

81% Reduction in Fuel Costs

90% Reduction in CO2 Emissions

Single Largest Deployment of Heavy-Duty Zero Emission Terminal Tractors in Eastern United States; First Deployment at a Port Authority of NY and NJ Marine Terminal

PORT NEWARK, N.J.--(BUSINESS WIRE)--Red Hook Container Terminals LLC announced today the results of the first full quarter of operating performance data for its fleet of ten (10) BYD Motors heavy-duty zero-emission battery electric terminal tractors being operated at its container terminal in Port Newark, New Jersey. Red Hook’s electric fleet achieved an 81% decline in fuel costs and a 90% drop in climate altering CO₂ emissions, compared to previous performance with diesel-powered vehicles. The Red Hook fleet represents the single largest deployment of zero-emission battery electric terminal tractors in the eastern United States and the first at a Port Authority of New York and New Jersey marine terminal.

“I am happy to report that the operating results for the BYD battery electric terminal tractors are truly outstanding,” said Mike Stamatis, President & CEO of Red Hook Container Terminal LLC. “We have recorded an 81% decline in fuel costs and a 90% decline in CO₂ emissions, all while achieving 100% uptime of our terminal tractor fleet. The BYD terminal tractors and Amply Power control systems are both working perfectly. We are now pursuing additional emission reduction projects in Red Hook’s drive to net zero by 2025.”

The battery electric tractors are being used to move cargo containers at the Red Hook Marine Terminal in Port Newark, as well as to make runs to the other terminals at Port Newark and Port Elizabeth, and to run to the Millennium Marine Rail facility. The project was developed and is managed by Climate Change Mitigation Technologies LLC (CCMT), the leading New Jersey-based developer and manager of zero-emission truck and bus projects for public and private fleets.

“We have left the land of estimates and projections and crossed into the real world of digitally-monitored performance data. As the project developer and project manager, CCMT is ecstatic about the results, which actually exceed our expectations, which were pretty high in the first place,” said James Sherman, President & Chief Executive Officer of Climate Change Mitigation Technologies LLC. “The interesting thing to me is how much of the fuel costs and CO₂ emissions are the result of idling emissions. Every port operator can achieve these same results right now.”

Managed charging, provided by partner AMPLY Power’s OMEGA software system, has been key to maintaining low fueling costs and ensuring vehicles are charged and ready to operate at the beginning of each shift. OMEGA optimizes charging for low costs while keeping the amount of electricity drawn at the site within peak load limits; the software also manages the charging operation to identify and resolve any problems that may otherwise go unnoticed.

“We’re so pleased to partner with Red Hook to help bring their vision of sustainable, environmentally-sound port operations to life, and are thrilled to help them achieve fuel cost reductions while doing so,” said Sean Larkin, Director of Sales and Business Development for AMPLY Power. “Many people worry about the costs of electricity, but as Red Hook has proven, electric vehicles can be cost-effective to fuel while also demonstrating reliable uptime, with no missed days of operations. It’s a win-win situation.”

“The Red Hook Terminal and the Port of Newark are a great proving ground for BYD’s advanced and innovative battery electric technology. These results show that a hard-at-work operation like the Red Hook Terminal, and the community it serves, benefits from eliminating carbon from our atmosphere,” said Patrick Duan, Senior Vice President Operations, BYD North America. “Congratulations to the Red Hook Terminal and Port of Newark for achieving these very positive results.”

About Red Hook Terminals LLC

Red Hook Terminals LLC is a multi-faceted marine terminal developer, operator, stevedore and operator of the Cross-Harbor Barging Operation with three facilities in the Port of NY/NJ complex and operations in Freeport, Texas and Baltimore, Maryland. With cargo handling capabilities and productivity second to none in the Port of NY&NJ, Red Hook Terminals is able to handle any type or size cargo. Whether it is a bulk commodity such as aggregates, steel or lumber, reefer cargo, containers, yachts, heavy lifts, autos, high and heavy (lolo and roro), OOG or special project cargoes, Red Hook Terminals is uniquely positioned to serve the needs of our customers. Red Hook is also leading the way in the development of and use of clean energy and technology, such as the largest dedicated off-shore wind port project in the Port of NY/NJ to serve the needs of the emerging off-shore wind industry in the United States, and the first and largest deployment of heavy-duty zero emission yard tractors along the eastern seaboard of the United States and the first at a Port of NY&NJ marine terminal.

About Climate Change Mitigation Technologies LLC

CCMT helped pioneer the battery electric truck and bus industry and is now the leading New Jersey-based developer and manager of zero emission truck and bus fleet projects. CCMT has developed and arranged public and private funding for multiple medium and heavy-duty battery electric truck and bus projects across New Jersey involving a wide variety of vehicles including garbage trucks, yard tractors, shuttle buses, vehicle-to-grid (V2G) school buses, and box delivery trucks. We focus on projects in Overburdened Communities.

CCMT also delivers project management services for electric fleet projects including engineering, procurement, and construction services. CCMT was the project manager for the design, installation, integration, and optimization of the charger bank for Red Hook Container Terminal’s yard tractor fleet. The charging system includes chargers, automated charging control software, and telematic systems. Wherever possible, CCMT looks to incorporate solar + storage to create a microgrid that can provide low-cost renewable energy and continue to supply power during grid power failures.

About BYD

The Official Sponsor of Mother Nature™, BYD, the world’s leading electric vehicle company, is dedicated to creating a “total solution.” Globally, BYD is committed to corporate social responsibility, deeply monitoring our supply chain in terms of human rights, environmental safety, hazardous substance control and intellectual property rights. We only select suppliers and dealers who share our commitment to just labor practices, human rights standards and the environment.

BYD has 220,000 employees across the globe, including nearly 1,000 in the United States and Canada. For more information, please visit https://en.byd.com/ or follow BYD on LinkedIn, Twitter, Facebook and YouTube.

About AMPLY Power

AMPLY Power is a comprehensive electric vehicle charging infrastructure and energy management provider for mission-critical fleets operating trucks, buses, vans and light-duty vehicles. AMPLY’s intelligent charge management software, OMEGA, co-optimizes charging for low cost energy and carbon impact, while offering improved resilience and a 99.9% reliability target, all in a user-friendly dashboard. Paired with its optional Charging-as-a-Service model, AMPLY’s vehicle and charger agnostic approach allows the company to handle all the details of charging an EV fleet, guaranteeing performance and dramatically reducing upfront capital expenditures. As fleets continue to work to meet sustainability goals, AMPLY’s fully managed solution is a cost effective and service-focused approach, reducing fuel costs by as much as 85 percent and making electrification easy for organizations of all sizes. AMPLY was recently named to Global Cleantech 100 for the third year in a row. AMPLY was acquired by bp in December of 2021 as bp’s first step into US electrification. To learn more about AMPLY, please visit www.amplypower.com or LinkedIn and follow @AMPLYpower on Twitter.

James Sherman
Phone: 973-303-2106
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

PG&E Shares Information to Keep the Season’s Outdoor Activities Safe for All

SAN FRANCISCO--(BUSINESS WIRE)--As Californians begin to celebrate all things spring, Pacific Gas and Electric Company (PG&E) is offering a few simple tips to help customers keep outdoor electrical safety in mind:

• Look up: Use caution when lifting tall objects near overhead power lines around the house. Keep your body, long-handled tools, saws, ladders, pool tools, lumber and anything that reaches above your head at least 10 feet away from overhead powerlines.
• Keep away: Keep balloons, kites and toys like remote-control aircraft away from overhead electric lines. Never attempt to retrieve any object that is caught in a powerline. Leave it alone and contact PG&E at 1-800-743-5000 to report the problem immediately.
• Grill safely: Always grill out in the open, away from overhead powerlines, buildings, decks and low tree branches. Also, to keep flames under control, never add charcoal starter fluid if the coals have already been ignited. Keep a fireproof pan under your grill to catch any falling ash or grease. You can also trim excess fat from meat to avoid flare-ups, and always be ready to close the lid and turn off the grill in case of an emergency.
• Call for help: April showers bring May flowers, but these spring storms can also bring down electric lines. If you come across a downed electric line, always assume that it is energized and extremely dangerous. Never go near a damaged powerline that dangles in the air or has fallen to the ground. Be sure to remain a minimum of 30 feet away on a dry surface and 60 feet away on a wet surface. Keep others away and contact 911 and PG&E immediately.
• Call 811 before you dig: If you are planting a digging project, even one as simple as planting a tree or installing a fence post, call 811 or go visit 811.org for a USA ticket three working days before digging to avoid digging into electric or gas lines beneath the ground and disrupting service in your neighborhood. 811 is a free and easy service that notifies utilities to come to your home and mark the approximate location of their underground facilities in the excavation area.
• Safe plugs and cords: To prevent the risk of electrical shock, avoid overloading electrical outlets, power strips and extension cords with too many devices and appliances. Replace damaged electrical cords and equipment or have them repaired by a qualified electrician or repair center to avoid the risk of electrical shock.
• Child safety: Talk to children about the dangers of tampering with electrical outlets; childproof outlets with plastic protectors or covers in homes with young children, toddlers or infants.
• Go with GFCI: Use ground fault circuit interrupter (GFCI) protection on all electrical outlets located near water sources such as bathrooms, kitchens, fountains and swimming pools to reduce the risk of electrocution.

About PG&E

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

MEDIA RELATIONS:
415-973-5930

MILWAUKEE--(BUSINESS WIRE)--The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”), a leading global manufacturer of cranes and lifting solutions, announced today that it has been curtailing its operations in Russia since the beginning of the conflict in Ukraine and stopped taking new crane orders. With roughly 20 local employees, sales to Russia were less than two percent of total sales in 2021. Aaron H. Ravenscroft, President and Chief Executive Officer of The Manitowoc Company, Inc. commented, “While doing our best to support our local team members, we have and will continue to comply with all sanctions and conduct our business in accordance with all applicable laws. The safety and well-being of our employees and their families are our top priorities.”

About The Manitowoc Company, Inc.

The Manitowoc Company, Inc. was founded in 1902 and has over a 119-year tradition of providing high-quality, customer-focused products and support services to its markets. Manitowoc is one of the world's leading providers of engineered lifting solutions. Manitowoc, through its wholly-owned subsidiaries, designs, manufactures, markets, and supports comprehensive product lines of mobile hydraulic cranes, lattice-boom crawler cranes, boom trucks, and tower cranes under the Aspen Equipment, Grove, Manitowoc, MGX Equipment Services, National Crane, Potain and Shuttlelift brand names.

Forward-looking Statements

This press release includes “forward-looking statements” intended to qualify for the safe harbor from liability under the Private Securities Litigation Reform Act of 1995. Any statements contained in this press release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations of the management of the Company and are subject to uncertainty and changes in circumstances. Forward-looking statements include, without limitation, statements typically containing words such as “intends,” “expects,” “anticipates,” “targets,” “estimates,” and words of similar import. By their nature, forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results and developments to differ materially include, among others:

• The negative impacts COVID-19 has had and will continue to have on Manitowoc’s business, financial condition, cash flows, results of operations and supply chain, as well as customer demand (including future uncertain impacts);
• actions of competitors;
• changes in raw material and commodity prices;
• changes in economic or industry conditions generally or in the markets served by Manitowoc;
• unanticipated changes in customer demand, including changes in global demand for high-capacity lifting equipment, changes in demand for lifting equipment in emerging economies and changes in demand for used lifting equipment;
• failure to comply with regulatory requirements related to the products the Company sells;
• the ability to capitalize on key strategic opportunities and the ability to implement Manitowoc’s long-term initiatives;
• the ability to complete and appropriately integrate acquisitions, strategic alliances, joint ventures or other significant transactions;
• unanticipated changes in revenues, margins and costs;
• geographic factors and political and economic conditions and risks;
• the ability to increase operational efficiencies across Manitowoc and to capitalize on those efficiencies;
• risks and factors detailed in Manitowoc's 2021 Annual Report on Form 10-K and its other filings with the United States Securities and Exchange Commission.

Manitowoc undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements only speak as of the date on which they are made. Information on the potential factors that could affect the Company's actual results of operations is included in its filings with the Securities and Exchange Commission, including but not limited to its Annual Reports on Form 10-K for the fiscal years ended December 31, 2021.

Ion Warner
VP, Marketing and Investor Relations
+1 414-760-4805

DUBLIN--(BUSINESS WIRE)--The "North America EV Battery Market by Type (Li-ion, Ni-MH, SLA, Ultracapacitor, Solid-state Batteries), Capacity (<50 kWh, 51-100 kWh, 101-300 kWh, >300 kWh), Bonding Type (Wire, Laser), Form, Application, End User, and Country - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The North American EV Batteries Market is expected to reach $22.79 billion by 2028, at a CAGR of 30.2% during the forecast period, 2021-2028.

The growth of this market is mainly attributed to factors such as increasing investments by leading automotive OEMs to set up battery manufacturing facilities in the region, increasing adoption of EVs, and decreasing battery prices. Increasing investments in alternative batter technology provide significant growth opportunities for market players.

The solid-state battery segment is expected to grow at the fastest rate once it gets commercialized. As per Meticulous Research analysis, we expect the commercialization of solid-state batteries would happen from 2025. A solid-state battery can effectively increase the energy density per unit area as compared to lithium-ion batteries. Due to such properties, a solid-state battery pack will have a higher capacity than a lithium-ion battery of the same size.

The 101kWh to 300kWh segment is expected to grow at the highest CAGR during the forecast period. This capacity segment has a high growth rate during the forecast period mainly because 101kWh to 300kWh power capacity batteries are widely used in light commercial vehicles and utility vehicles. The adoption of such EVs is increasing due to the rise in fuel prices and government initiatives for lowering fleet emissions of logistics and public transportation.

Also, the increasing launch of new EVs by automotive OEMs for electrification of logistics and public transport fleets and increasing adoption of electric vehicles by e-commerce companies, such as Amazon and UPS, support the market's growth during the forecast period.

The laser bonding segment is expected to grow at the highest CAGR during the forecast period. This segment is expected to have high growth during the forecast period mainly because laser-welded bonds can withstand higher currents, offers the advantages of narrow welds, high welding speed, and low heat level, which is important for battery tab welding chemicals within the batteries are heat sensitive.

The pouch segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment is attributed to higher energy density compared with the same weight of prismatic cells, more safety performance, and lower internal resistance. A pouch cell's energy storage capacity is much greater in a given physical space than cylindrical cells. Leading automotive and battery OEMs are investing in pouch cell formats for powering the upcoming EVs.

The light commercial vehicles segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment during the forecast period is attributed to the increasing shift of retail MNCs and transport fleet operators to electric light commercial vehicles, growing awareness regarding the role of electric vehicles in reducing emissions, increase in demand for electric vehicles to reduce fleet emissions, and stringent government rules and regulations towards vehicle emissions.

The mass production of batteries and government tax incentives have further brought down vehicle costs, making electric light commercial vehicles much more cost-effective.

The battery swapping stations segment is expected to grow at the highest CAGR during the forecast period. This segment is expected to have high growth during the forecast period mainly because battery swapping service helps reduce EV acquisition costs, increase the battery lifespan, and increase the launch of battery swapping services by various automotive start-up companies. Also, other mobility stakeholders such as oil refining companies are partnering with e-mobility start-ups to set up battery swapping stations, which will support the market growth of this segment.

The U.S. is expected to account for the largest share of the North American EV batteries market. The increasing adoption of electric vehicles, the presence of raw material resources for cobalt and lithium, and increasing investment in EV battery development are some of the major factors driving the country's market growth.

The key players operating in the North American EV batteries market are

• NOHMs Technologies Inc. (U.S.)
• QuantumScape Corporation (U.S.)
• American Battery Solutions Inc. (U.S.)
• Clarios (U.S.)
• Romeo Power Inc. (U.S.)
• Electrovaya Inc. (Canada).

Scope of the Report:

Market Dynamics

Drivers

• Increasing Investments by Leading Automotive OEMs to Set Up Battery Manufacturing Facilities in the Region
• Increasing adoption of EVs
• Decreasing Battery Prices

Restraints

• Less Energy Density of Batteries

Opportunities

• Increasing Investments in Alternative Battery Technology

Challenges

• High Import Cost of Raw Materials for Battery Manufacturing

North American EV Batteries Market, by Type

• Lithium-ion Batteries
• Sealed Lead Acid Batteries
• Nickel-Metal Hydride Batteries
• Ultracapacitors
• Solid-State Batteries
• Other Batteries

North American EV Batteries Market, by Capacity

• Less Than 50 kWh
• 51 kWh to 100 kWh
• 101 kWh to 300 kWh
• More Than 300 kWh

North American EV Batteries Market, by Bonding Type

• Wire Bonding
• Laser Bonding

North American EV Batteries Market, by Form

• Prismatic
• Cylindrical
• Pouch

North American EV Batteries Market, by Application

• Electric Cars
• Battery Electric Vehicles
• Lithium-ion Batteries
• Nickel-Metal Hydride Batteries
• Ultracapacitors
• Solid-State Batteries
• Other Batteries
• Plug-in Hybrid Electric Vehicles
• Lithium-ion Batteries
• Ultracapacitors
• Solid-State Batteries
• Other Batteries
• Pure Hybrid Electric Vehicles
• Lithium-ion Batteries
• Nickel-Metal Hydride Batteries
• Ultracapacitors
• Solid-State Batteries
• Other Batteries
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• E-scooters & Motorcycles
• E-bikes

North American EV Batteries Market, by End User

• Electric Vehicle OEMs
• Battery Swapping Stations

North American EV Batteries Market, by Country

• U.S.
• Canada

For more information about this report visit https://www.researchandmarkets.com/r/qvlx55

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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