New solution enables fleet managers to better track at-home and public charging reimbursements
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Comdata, a FLEETCOR company and world leader in payment innovation, announced today the launch of a new solution in partnership with Motorq, a leading connected-car data and analytics company. This solution would enable the capture of charge event data directly from electric vehicles (EV) and allow for fleet managers to accurately pay employees for EV charging costs – even when employees charge company vehicles at home. Comdata’s "Charge Anywhere" solution, powered by Motorq, effectively removes charging as the biggest barrier for EV adoption.
Widespread EV adoption for fleets continue to face impediments due to a lack of convenience, control, and data insights for fleet managers. As a trusted innovator in commercial fleet payment solutions for over 50 years, Comdata is steering the industry toward a future of EV-powered fleets. The company’s latest EV solution removes EV adoption roadblocks by leveraging data captured from eligible electric vehicles to track charging events’ type and location, calculate costs, and manage expense reimbursements.
“We wanted to bridge the goals for corporate sustainability commitments with the operational needs of our fleet manager customers,” says Alexey Gavrilenya, FLEETOR’s Group President of North America Fuel. “We have landed on a solution that helps our customers track and reduce EV charging costs and advances fleet management data like never before.”
The Comdata-Motorq end-to-end charge payment, tracking, and reimbursement system revolutionizes the way that fleets can roll out EV solutions. “When it comes to charging, the electric vehicle itself is the single point of truth,” said Arun Rajagopalan, co-founder and CEO of Motorq. “Because we can access vehicle data, our solution is able to track and report on any type of charging event from any type of location – even homeowners’ garages. By enabling home charging reimbursement, FLEETCOR and Motorq are now able to eliminate one of the last remaining barriers to EV adoption and unlock the full potential of fleets to go electric.”
The new solution is now available to existing Comdata customers.
About Comdata
Comdata Inc., a FLEETCOR company, is a leading provider of innovative payment and operating technology that drives actionable insights from spending data, builds enhanced controls and positively impacts its clients’ bottom lines. The company partners with more than 30,000 businesses to better manage $55B in annual fleet, corporate purchasing, payroll and healthcare spending, making it one of the largest fuel card issuers and the second largest commercial MasterCard provider in the United States and Canada. Founded in 1969 and headquartered in Brentwood, Tennessee, Comdata employs more than 1,300 professionals across North America. To learn more about Comdata Inc. visit www.comdata.com.
About Motorq
Motorq is the leading connected-car data and analytics company. Our APIs and Machine Learning enable large fleet owners, fleet management companies and dealer services providers to leverage data and actionable insights from the fragmented set of built-in and aftermarket advanced connected-car systems. Motorq's cloud-based system performs ingestion, normalization, stream analytics processing, and data provisioning via APIs and other methods. Motorq enables businesses to implement connectivity-derived insights better, faster and less expensively, so they reduce costs, create new experiences, and focus on their core. Additional information is available at www.motorq.com or contact This email address is being protected from spambots. You need JavaScript enabled to view it..
Trish DaCosta
KCD PR
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(619) 955-7759
WILMINGTON, Del.--(BUSINESS WIRE)--$CC--The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, announced it will release first quarter 2022 financial results after market close on May 2, 2022. The company will conduct its first quarter 2022 webcast conference call on Tuesday, May 3, 2022, at 8:30 a.m. Eastern Daylight Time.
In order to allow for more Q&A and discussion during the call, Chemours will post a full transcript of its prepared remarks, charts, and earnings press release on May 2, 2022, after the close of the market. The company will also post a link to the recorded remarks for those who prefer an audio recording. The earnings call will start at 8:30 a.m. and begin with Q&A. Chemours will end the call at 9:15 a.m. The call is open to the public and can be accessed via live webcast and teleconference.
Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.
Replay: A webcast replay will be available at investors.chemours.com.
About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration, and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.
INVESTORS
Jonathan Lock
SVP, Chief Development Officer and Investor Relations
+1.302.773.2263
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NEWS MEDIA
Cassie Olszewski
Media Relations and Financial Communications Manager
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Manifold-Mounted and Inline Direct Acting Valves Offer a Qualified, Cross-Application Solution to the Commercial Space Market
MONTVILLE, N.J.--(BUSINESS WIRE)--#additivemanufacturing--Today, Marotta Controls, a rapidly growing aerospace and defense supplier with a 65-year-plus heritage in spaceflight, announced that its latest direct acting solenoid valve is qualified for use in high pressure oxygen systems. Notably, the valve is also suitable for launch vehicle inert gas systems given its high flow capacity, smaller size, rapid response time, and overall cost-effectiveness. The manifold-mounted PLV405 can be configured with two or three ports and is proven to be reusable with a tested high lifecycle count.
Offering the same performance advantages, Marotta Controls also produces an inline model – the MV405. This valve is also available in 2-way or 3-way port configurations.
The PLV405 valves offer notable improvements over similar incumbent options, to include nearly double the flow capacity in a 7% lighter package with a 33% faster response time. They are constructed with alloys produced to the ATSM A36 standard.
“We understand the complexity of building and qualifying space vehicles. And we understand the importance of simplifying that process any way possible to speed manufacturing without compromising quality,” said Brian Ippolitto, Director, Aerospace Systems Engineering, Marotta Controls. “We view ourselves as more than just suppliers. We operate as true partners who aim to alleviate or at least minimize challenges wherever possible across the whole development cycle. Today, that intention manifests as producing a single, high performing valve with immense versatility.”
The 3-way valve is also available in a modified version that supports only Nitrogen, Helium and Air (no Oxygen).
The devices are qualified to the Air Force Space Command’s (AFSC) SMC-S-016 standard and are put through Marotta’s advanced cleaning and testing processes used for all space-bound hardware.
For more information, visit marotta.com.
About Marotta Controls
Founded in 1943, Marotta Controls is a fully-integrated solutions provider which designs, develops, qualifies and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.
Heather Ailara
211 Communications
+1.973.567.6040
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Katee Glass
Marotta Controls, Inc.
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Antara Capital LP to Invest $300 Million in Convertible Senior Notes in a Private Placement
CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, today announced that Antara Capital LP has agreed to make a $300 million investment in ChargePoint through the purchase of convertible senior notes to support ChargePoint’s growth initiatives.
Under the terms of the investment, Antara Capital LP will purchase a total aggregate principal amount of $300 million in 3.50% / 5.00% Convertible Senior Notes due 2027 (the “Notes”). The transaction is expected to close on April 12, 2022.
The Notes will be convertible at an initial conversion price to be determined prior to closing. The initial conversion price will represent a 30.0% premium to ChargePoint’s volume-weighted average price over a pre-determined period between this announcement and closing. Upon any conversion, ChargePoint will have the right to elect settlement in cash, shares or any combination thereof in its sole discretion.
The gross proceeds from the sale of the Notes are expected to be $300 million, before deducting fees and estimated offering expenses.
ChargePoint is permitted to pay interest on the Notes in cash or through the issuance of additional Notes (“PIK Interest”), at its election. Interest payments made in cash will be based on an interest rate of 3.50% per year, and PIK Interest will be based on an interest rate of 5.00% per year. The Notes will mature on April 1, 2027, unless redeemed, repurchased or converted in accordance with their terms prior to such date. The Notes will be guaranteed by ChargePoint’s operating company and wholly owned subsidiary, ChargePoint, Inc.
Evercore acted as exclusive financial advisor to ChargePoint.
Additional information regarding this announcement may be found in a Current Report on Form 8-K that ChargePoint intends to file with the Securities and Exchange Commission (the “SEC”).
The Notes and any shares of common stock issuable upon conversion of the Notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements. The investment agreement contemplates that the Notes will be transferrable to qualified institutional buyers pursuant to Rule 144A under the Securities Act. ChargePoint has agreed to file a registration statement with the SEC as soon as reasonably practicable after the closing, registering the resale of the shares of common stock issuable upon the conversion of the Notes.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities (including the shares of ChargePoint common stock, if any, into which the Notes are convertible) and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions available today. ChargePoint’s cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. To date, more than 105 million charging sessions have been delivered, with drivers plugging into the ChargePoint network approximately every two seconds. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it..
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks, uncertainties, and assumptions, including, among other things, statements regarding the closing of the investment, the anticipated use of proceeds and any expected benefits for ChargePoint from application of the proceeds and the terms of the Notes. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; the fact that the Notes may never be converted into common stock, whether because our business is affected by the factors listed below or otherwise; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales of charging stations for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe; the need to attract additional fleet operators as customers; potential adverse effects on our revenue and gross margins if customers increasingly claim clean energy credits and, as a result, they are no longer available to be claimed by us; the effects of competition; risks related to our dependence on our intellectual property; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Form 10-K filed with the SEC on April 4, 2022, which is available on our website at investors.chargepoint.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
CHPT-IR
ChargePoint
Jennifer Bowcock
VP, Communications
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Patrick Hamer
VP, Capital Markets and Investor Relations
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NEW ORLEANS--(BUSINESS WIRE)--NuQuest Energy LLC secures three utility-scale solar development projects totaling 390 Megawatts in Louisiana and Mississippi.
NuQuest Energy, LLC announced today that it has secured sites for three utility-scale solar projects totaling 390 Megawatts in Louisiana and Mississippi. The company has rapidly progressed towards the goal of building a 1 Gigawatt portfolio and solidifying the position of a locally-based industry-leading renewables development company.
“After several months of advanced analytical analyses of the electrical grids in both Louisiana and Mississippi, we’re excited to have secured our foundational projects with large developmental capacity,” said Alex Guitart, NuQuest Co-Founder. We look forward to advancing these projects and to generate value for all parties in our local community.”
Mr. Guitart is joined by industry executives Denis Taylor, Co-Founder & Partner, Audubon Companies, LLC; Bob Rosamond, Co-Founder & Partner, Audubon Companies, LLC; and Kirk Barrell, Founder & President, Barrell Energy Inc. and Amelia Resources, LLC. Together, the four co-founders have accumulated more than 120 years of experience in the energy infrastructure sector. Building on each partner’s industry expertise, this collaboration aims to deliver innovative solutions that advance renewable infrastructure development.
“NuQuest Energy has quickly secured excellent sites for utility-scale solar in our two target states,” said Bob Rosamond. “These sites build a great foundation for our progressing plans of a one gigawatt portfolio.”
“Our technology-focused approach has enabled us to select and secure sites with high probabilities of reaching operational status” said Kirk Barrell, NuQuest Co-Founder. The company has built a proprietary site-selection system, TerraVolt™, which integrates electric grid analyses, GIS, and advanced analytics. "Our proprietary technological system leverages decades of mapping and analytics experience to pinpoint high-quality locations for renewables development,” Barrell added.
About NuQuest Energy, LLC
NuQuest Energy, LLC is a renewables development company pursuing an aggressive plan to assemble and construct a diverse portfolio of utility, industrial, and corporate projects across the United States with a current focus on Louisiana and Mississippi. The company leverages existing relationships and project development experience to build a robust, scalable renewables portfolio.
CAUTIONARY STATEMENT: This press release contains certain forward-looking statements regarding renewable energy, development and operation activities, anticipated and potential developments and the economic potential of properties. Accuracy of these forward-looking statements depends on assumptions about events that change over time and is thus susceptible to periodic change based on actual experience and new developments. NuQuest Energy LLC cautions readers that it assumes no obligation to update or publicly release any revisions to the forward-looking statements in this press release and, except to the extent required by applicable law, does not intend to update or otherwise revise these statements more frequently than quarterly. Important factors that might cause future results to differ from these forward-looking statements include adverse conditions such as variations in the market prices of renewable energy, environmental laws and situations, solar and wind accessibility, the ability to satisfy future cash obligations and environmental costs, and other general development risks and hazards.
Alex Guitart
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504-628-7727
---Increases Total Liquidity and Extends Maturity to April 2027---
MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE: INT) today announced that it has successfully amended its unsecured credit facility, increasing the overall facility to $2 billion and extending the term of the credit facility to April 2027.
“We greatly appreciate the relationships we have with all of our lenders and their continued support of our business and our vision for the future,” stated Ira M. Birns, executive vice president and chief financial officer of World Fuel Services Corporation. “The increase in the size of the credit facility and improved covenant provisions will provide additional financial flexibility in support of our strategic growth objectives.”
Bank of America, N.A. is the Administrative Agent and Bank of America, N.A., JPMorgan Chase Bank, N.A., TD Bank, N.A., Wells Fargo Bank, N.A., and HSBC Bank USA, N.A. served as joint lead arrangers in connection with the transaction.
Information Relating to Forward-Looking Statements
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our beliefs and expectations with respect to our financial flexibility and our ability to execute on our strategic growth objectives and return capital to our shareholders. These forward-looking statements are qualified in their entirety by cautionary statements and risk factor disclosures contained in our Securities and Exchange Commission (“SEC”) filings, including our most recent Annual Report on Form 10-K filed with the SEC. Actual results may differ materially from any forward-looking statements due to risks and uncertainties, including, but not limited to: our ability to capitalize on new market opportunities, our ability to successfully implement our growth strategy and integrate acquired businesses and recognize the anticipated benefits, potential liabilities, limited indemnities and the extent of any insurance coverage, our ability to effectively manage the effects of the COVID-19 pandemic, the extent of the impact of the pandemic on ours and our customers' sales, profitability, operations and supply chains due to actions taken by governments and businesses to contain the virus, customer and counterparty creditworthiness and our ability to collect accounts receivable and settle derivative contracts, sudden changes in the market price of fuel or extremely high or low fuel prices that continue for an extended period of time, the availability of cash and sufficient liquidity to fund our working capital and strategic investment needs, any global economic impacts or other significant volatility that may arise from geopolitical events, wars and other civil unrest, adverse conditions in the markets or industries in which we or our customers and suppliers operate, such as the current global economic environment as a result of the coronavirus pandemic, our ability to manage the changes in supply and other market dynamics in the regions where we operate, our failure to comply with restrictions and covenants in our senior revolving credit facility and our senior term loans, including our financial covenants, our ability to successfully execute and achieve efficiencies, our ability to achieve the expected level of benefit from any restructuring activities and cost reduction initiatives, inflationary pressures and its impact on our customers or the global economy, unanticipated tax liabilities or adverse results of tax audits, assessments, or disputes, our ability to capitalize on new market opportunities, risks related to the complexity of the U.S. and foreign tax legislation and any subsequently issued regulations and our ability to accurately predict the impact on our effective tax rate and future earnings, our ability to effectively leverage technology and operating systems and realize the anticipated benefits, actions that may be taken under the current administration in the U.S. that increase costs or otherwise negatively impact ours or our customers and suppliers businesses, the outcome of pending litigation and other proceedings, the impact of quarterly fluctuations in results, particularly as a result of seasonality, our failure to effectively hedge certain financial risks associated with the use of derivatives, uninsured losses, the impact of climate change and natural disasters, adverse results in legal disputes, our ability to retain and attract senior management and other key employees, and other risks detailed from time to time in our SEC filings. New risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, changes in expectations, future events, or otherwise, except as required by law.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services also offers natural gas and electricity, as well as energy advisory services, including programs for carbon offsets, sustainability solutions and renewable energy alternatives. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
For more information, visit www.wfscorp.com.
Ira M. Birns, Executive Vice President &
Chief Financial Officer
Glenn Klevitz
Vice President, Treasurer & Investor Relations
305-428-8000
Carry The Load’s National Relay Honors our Nation’s Heroes
DALLAS--(BUSINESS WIRE)--Energy Transfer (NYSE: ET) announced today it has signed on as a national sponsor of this year’s Carry The Load 10th Annual National Relay that honors the sacrifices of our nation’s military, veterans, first responders and their families.
This year’s national relay kicks off in Seattle on April 28 and features five routes that cover 20,000 miles crossing 48 states. The event culminates in Dallas at the Dallas Memorial March on Memorial Day weekend. Energy Transfer’s sponsorship will help support the busses that travel with the national relay teams. Carry The Load expects an estimated 100,000 individuals will participate in this year’s nationwide event.
“Supporting our veterans, first responders and their families is incredibly important to Energy Transfer and our employees,” said Mackie McCrea, co-CEO, Energy Transfer. “We are honored to partner with Carry The Load because of their commitment to honor those who served, and remember those who made the ultimate sacrifice for our freedom.”
With $32.9 million funds raised to date, Carry The Load provides active ways to bring all Americans together to participate in honoring our nation’s heroes every day. Carry The Load’s awareness, continuum of care and education programs help provide healing of the body, mind and soul of our nation’s warriors.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at energytransfer.com.
Vicki Granado
Lauren Atchley
214-840-5820
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WHITE PLAINS, N.Y.--(BUSINESS WIRE)--April 4, 2022-- ITT Inc. (NYSE: ITT) today announced it has acquired privately-held Habonim for $140 million in an all-cash transaction. Habonim will become part of ITT’s Industrial Process (IP) segment. The acquisition closed in the second quarter of 2022 and is expected to be accretive to ITT’s consolidated EBITDA margin.
Based in Kfar HaNassi, Israel, Habonim is a leading designer and manufacturer of valves, valve automation and actuation for the gas distribution (including LNG), biotech and harsh application service sectors. The company’s highly differentiated business model allows for the commercialization of a majority of its products through distribution while maintaining its end-user relationships. Habonim also sells directly to original equipment manufacturers and integrators for customized solutions. The company has operations in Israel, the U.S., and the Netherlands and employs over 200 highly skilled professionals globally.
“Habonim is a great addition to the ITT portfolio,” said Luca Savi, Chief Executive Officer and President of ITT. “The company’s complementary ball valves offering and focus on harsh applications in attractive end markets will drive stronger sales growth for Industrial Process and ITT over the long term. Like ITT, Habonim has developed strong, lasting relationships with its customers and end users based on consistent quality and their ability to offer highly engineered solutions. The acquisition provides ITT access to new, attractive niche markets, expands IP’s existing specialty valves portfolio, including through its cryogenic and hydrogen ball valves offerings for green energy applications, and builds on an already strong distribution network in North America.”
“Becoming part of ITT is a very important and exciting step for Habonim on our path to grow and expand our global leadership in the highly performing valves and automated-valves markets,” said Ilan Gilboa, Habonim CEO. “The global reach, expertise in the Industrial Process business, and the shared, highly engineered approach to solving problems and creating value for our customers will allow us to move forward much faster and with a greater impact as part of ITT. We are excited to begin the next chapter at Habonim.”
About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com.
Safe Harbor Statement
This release contains “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In addition, officers and representatives of ITT may from time to time make and discuss, projections, goals, assumptions, and statements that may constitute “forward-looking statements”. These forward-looking statements are not historical facts, but rather represent only a belief regarding future events based on current expectations, estimates, assumptions and projections about our business, future financial results, and the industry in which we operate, and other legal, regulatory, and economic developments. These forward-looking statements include, but are not limited to, future strategic plans and other statements that describe the company’s business strategy, outlook, objectives, plans, intentions or goals, and any discussion of future events and future operating or financial performance.
We use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “future,” “may,” “will,” “could,” “should,” “potential,” “continue,” “guidance” and other similar expressions to identify such forward-looking statements. Forward-looking statements are uncertain, and, by their nature, many are inherently unpredictable and outside of ITT’s control, and involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from those expressed or implied in, or reasonably inferred from, such forward-looking statements.
Where in any forward-looking statement we express an expectation or belief as to future results or events, such expectation or belief is based on current plans and expectations of our management, expressed in good faith, and believed to have a reasonable basis. However, there can be no assurance that the expectation or belief will occur or that anticipated results will be achieved or accomplished.
Among the factors that could cause our results to differ materially from those indicated by forward-looking statements are risks and uncertainties inherent in our business including, without limitation:
The forward-looking statements included in this release speak only as of the date hereof. We undertake no obligation (and expressly disclaim any obligation) to update any forward-looking statements, whether written or oral or as a result of new information, future events or otherwise.
Investor Contact
Mark Macaluso
+1 914-641-2064
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Media Contact
Kellie Harris
+1 914-216-4025
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Fully Contracted Plant Will Serve International Demand for Secure Sources of Renewable Energy and Help Decarbonize Difficult-to-Abate Industries such as Steel, Cement, Lime, and Sustainable Aviation Fuels
BETHESDA, Md.--(BUSINESS WIRE)--#Bioenergy--Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainable wood bioenergy, today announced it will invest approximately $250 million in Bond, Mississippi to build a new wood pellet production plant. The facility is a key component of the company’s growth strategy to double production capacity from the current 6.2 million metric tons annually to approximately 13 million metric tons annually over the next five years.
“Markets for our renewable products have been growing rapidly as countries look for new ways to reduce their dependence on coal, natural gas, and other fossil fuels for heat and power generation. Demand from manufacturers driving to reach ‘net-zero’ by decarbonizing industrial production of steel, cement, lime, and sustainable aviation fuel is also growing rapidly for us,” said John Keppler, Enviva’s Chairman and CEO. “And in an increasingly volatile geopolitical environment, countries and companies around the world are seeking security of supply from stable partners like the U.S. This new facility, the community in which it operates, and the tremendous people who support it every day will continue Mississippi’s strong tradition of helping friends across the globe secure energy independence and win the fight against climate change,” he added.
The facility site, directly off Highway 49 in Bond, was selected in close collaboration with Governor Tate Reeves, the Mississippi Development Authority, and Stone County officials.
The plant is fully contracted under long-term take-or-pay supply contracts with customers around the world, providing for durable, positive economic impact to the community. In addition to creating around 100 local jobs with wages projected to be approximately 70 percent higher than the county average, the Bond plant will generate more than $1 million in taxes per year for the county and school district and deliver over $250 million annually in economic impact in the region. Once operational, the plant will support more than 350 jobs, including those in related industries such as logging and transportation.
The new plant in Stone County joins two other Enviva facilities in Mississippi, one in Amory, which is Enviva’s first production plant in the state, and the company’s most recent manufacturing facility in Lucedale. The company also owns and operates a deep-water marine terminal at the Port of Pascagoula from which pellets are shipped to customers in Europe and Asia. Combined, Enviva’s total investment in the Magnolia State is more than $600 million and supports over 850 direct and indirect jobs in Mississippi.
“We very much appreciate the skilled workforce and great business environment in the state. I want to thank Governor Reeves, his team, and the Stone County community for being such great partners during site selection,” Enviva’s John Keppler said.
"Enviva’s decision to invest a quarter of a billion dollars and create 100 new jobs in Mississippi is another tremendous win for our state's economy. It's further proof that Mississippi is a prime location for manufacturing. I'm incredibly proud that these wood pellets, produced right here by hardworking and skilled Mississippians, will be distributed and used around the globe. I'd like to thank Chairman and CEO John Keppler and the entire Enviva team for their dedication to our state and all that they have done to bolster Stone County and its residents. We look forward to our continued partnership for many years to come," said Governor Tate Reeves.
Construction is expected to begin in early 2023, subject to receiving the necessary permits, and is expected to take approximately 18 months. The Bond plant is expected to have a production capacity of more than 1 million metric tons of wood pellets per year.
Mississippi has a robust fiber supply basket, and the plant intends to use low-value and low-grade softwood and hardwood fiber sustainably sourced within 75 miles of the facility, creating durable markets for local landowners and incentives to keep land as forests. The facility will use state-of-the-art environmental control technology to minimize any impact from the plant’s operation on the community.
“Stone County was founded on the timber industry more than a hundred years ago. Our citizens have long respected the woods and the natural resources they provide. With the announcement of Enviva, we have an opportunity to produce a record number of new jobs because of the plentiful resources in Stone County. Our most important asset, our people, will benefit from the growth we will experience for decades to come,” said Lance Pearson, President of the Stone County Board of Supervisors.
More information on the construction and future hiring process is available on our dedicated project website ‘enviva-bond.com’. To learn more about Enviva, please visit our website at envivabiomass.com and follow us on social media @Enviva.
About Enviva
Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. Enviva sells most of its wood pellets through long-term take-or-pay contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
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PARIS--(BUSINESS WIRE)--Technip Energies (PARIS:TE) has been selected by Equinor South Korea Co Ltd to perform a Front-End Engineering Design (FEED) for the offshore floating wind Firefly project, located 70 kilometers offshore the East Coast of South Korea.
The FEED contract covers engineering of the floating wind turbine substructures for the proposed 800 megawatts offshore wind farm. The design of the substructures will include Technip Energies’ in-house floater technology INO15™. With a capacity of 15 megawatts, INO15™ technology is a three columns semi-submersible floater which is well suited for fabrication in large series. The substructure design is in alignment with Equinor's wind semi design principles.
Firefly wind farm is planned for an area of 2 x 75 km2 off the coast of the city of Ulsan in South Korea and will serve to feed the Korean grid. It is planned to be in operation in 2027.
Willy Gauttier, VP Offshore Floating Wind at Technip Energies, commented: “We are glad to have been awarded this FEED by our long-lasting client Equinor and that the INO15™ floater technology has been selected for the development of the offshore wind farm. It perfectly illustrates that engineering and technology will be key to accelerate the energy transition. Through the Firefly project, we are committed to support Equinor in its objective to reach an installed net renewables capacity of 12-16 gigawatts by 2030.”
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States. For further information: www.technipenergies.com.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
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ZincFive® continues to lead in ESG through pursuit of the highest supply chain standards.
PORTLAND, Ore.--(BUSINESS WIRE)--Today, ZincFive, the world leader in nickel-zinc battery-based solutions, announced it has joined the Initiative for Responsible Mining Assurance (IRMA), as part of the company’s continued commitment to safeguard human rights, communities impacted by mining, and the broader environment.
IRMA works to advance responsible mining practices, providing third-party verification and certification against comprehensive environmental and social criteria for all mined materials. The global standard was developed over 10 years, in consultation with more than 100 stakeholder groups including mining companies, affected communities, NGOs, labor groups and purchasing companies using mined materials.
Membership in the initiative is the latest development in ZincFive’s commitment to promote ESG standards within the company for the benefit of all stakeholders. ZincFive’s nickel-zinc batteries have a significantly lower end-to-end climate impact than lead-acid and lithium batteries, as validated by an expert third-party analysis. By joining IRMA, ZincFive is committing to source from mines assessed through IRMA in the future, thereby emphasizing the importance of responsible social and governance practices, in addition to its leading position as a manufacturer of sustainable battery solutions.
“Everything that goes into our products throughout the supply chain must follow our commitment to sustainability and human rights protection,” said ZincFive CEO and Co-Founder Tim Hysell. “Joining IRMA helps us achieve our goal of addressing worldwide environmental, social, and governance concerns and impacting the world in positive ways.”
“We welcome ZincFive’s membership in IRMA,” said Aimee Boulanger, Executive Director of IRMA. “We are encouraged to see a growing momentum throughout the supply chain as more purchasers make it clear they seek transparency and continuous improvement at the mine site.”
About ZincFive, Inc.
ZincFive is the world leader in innovation and delivery of nickel-zinc batteries, applying transformational technology and solutions that provide the power to advance the world with less harmful impacts. With more than 90 patents awarded, ZincFive leverages safe, sustainable nickel-zinc chemistry within its solutions to provide high power density and performance simultaneous with superior safety and environmental advantages. ZincFive is a privately held company based in Tualatin, Oregon. For more information, visit www.zincfive.com.
ZincFive is a registered trademark and the ZincFive logo is a trademark of ZincFive, Inc.
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Rapidly growing supply chain solutions leader opens new facility in Mumbai with lean business model designed to control logistics costs, improve operational efficiency
ITASCA, Ill.--(BUSINESS WIRE)--Global freight forwarder AIT Worldwide Logistics is proud to announce the opening of its newest location in the gateway city of Mumbai, India. Staffed by an initial team of 11 experienced logistics professionals, the office is the first of multiple AIT facilities slated to open in strategic locations across the Republic of India in 2022 and beyond.
According to AIT’s Chief Business Officer, Greg Weigel, expanding the company’s worldwide network of more than 100 offices enhances responsiveness to global customers shipping to and from the world’s second-most populous country.
“Establishing a dedicated team in India improves service integrity for shippers,” said Weigel. “The office’s comprehensive connection with AIT’s global operations platform allows us to provide customers with the most seamless experience possible.”
While logistics costs in India tend to be high in comparison to other nations, AIT’s Vice President of India and Middle East, Vikram Paul, said his team is countering the status quo with the establishment of a unique, lean operational model.
“By outsourcing certain areas of finance, human resources, and operational execution, we control costs while focusing on the core of our business – world-class logistics solutions for clients,” Paul said. “Keeping our operations as efficient as possible helps us make our customers more competitive. The India team is agile and experienced, but most of all, they embody a ‘start-up’ mentality that correlates with India’s emergence as a net manufacturer and exporter.”
AIT-Mumbai is already handling a broad variety of air and ocean shipments to and from China, Indonesia, North America, Poland, United Arab Emirates, and Western Europe, among others. With operations at all major airports and seaports across India, the team supports customers representing the region’s prominent automotive, consumer retail, life sciences, and technology industries.
The team in India is expected to nearly quadruple in size before the end of the year while securing additional licenses to facilitate the integrated supply chain solution services that will complement air and ocean operations.
The next AIT facility in India is expected to open in the National Capital Territory of Delhi later in 2022, with more locations to follow.
AIT Worldwide Logistics India Private Limited
Unit No. 415, A-Wing, Kanakia Wallstreet
Chakala, Andheri Kurla Road, Andheri (East)
Mumbai 400093
About AIT Worldwide Logistics
AIT Worldwide Logistics is a global freight forwarder that helps companies grow by expanding access to markets all over the world where they can sell and/or procure their raw materials, components and finished goods. For more than 40 years, the Chicago-based supply chain solutions leader has relied on a consultative approach to build a global network and trusted partnerships in nearly every industry, including aerospace, automotive, consumer retail, food, government, healthcare, high-tech, industrial and life sciences. Backed by scalable, user-friendly technology, AIT’s flexible business model customizes door-to-door deliveries via sea, air, ground and rail — on time and on budget. With expert teammates staffing more than 100 worldwide locations in Asia, Europe and North America, AIT’s full-service options also include customs clearance, warehouse management and white glove services. Learn more at www.aitworldwide.com.
Our Mission
At AIT, we vigorously seek opportunities to earn our customers’ trust by delivering exceptional worldwide logistics solutions while passionately valuing our co-workers, partners and communities.
Matt Sanders
Public Relations Manager
+1 (630) 766-8300
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AIT Worldwide Logistics, Inc.
800-669-4AIT (4248)
www.aitworldwide.com
SAINT JOHN, New Brunswick--(BUSINESS WIRE)--ARC Clean Energy Canada (ARC Canada), an advanced small modular reactor (aSMR) technology provider, announced today the completion of its Series A financing in the amount of $30 million (CAD) from private sector investment and the Province of New Brunswick. This financing will progress the deployment of Canada’s first commercial grid-scale aSMR at the Point Lepreau Nuclear Generating Station (PLNGS) site, owned by the provincial utility, New Brunswick Power (NB Power). It also sets the stage for further milestone achievements which will unlock additional funding from the province.
“Canada has taken the lead in the development of aSMR technology,” said ARC Canada President & CEO, Mr. William P. Labbe, Jr. “With the recent closing of our Series A financing, the investment community is demonstrating clear confidence in ARC Canada’s ability to deliver an energy solution that will produce carbon free, low cost, baseload power with a high-quality heat supply ideal for clean fuels production and industrial decarbonization.”
“The Government of New Brunswick’s partnership with ARC Canada will see the launch of its safe and proven technology at the PLNGS site,” said New Brunswick Minister of Natural Resources and Energy Development, Mike Holland. “It is encouraging, but not surprising, that private sector investors share our confidence in the clean energy provided by ARC Canada’s advanced SMR technology.”
ARC Canada will deploy its technology for both electrical and industrial applications to customers including utilities, governments, and corporations. The launch customer, NB Power, is an experienced nuclear operator with a proven track record for safety, reliable operations and has a strategically positioned electrical grid able to supply Atlantic Canada and the New England states with a clean and reliable source of generation.
The ARC Canada technology is a modular 100MW fast reactor that improves upon existing nuclear with its enhanced field-proven safety features and operates with a 20-year refueling cycle. Its simple modular design and factory assembly yields low-cost energy and allows for broader supply chain participation, resulting in a significant economic opportunity for the region.
“NB Power congratulates ARC Canada on completing this important milestone. We are pleased to partner with ARC Canada to progress the deployment of advanced SMR technology at PLNGS, which is key for providing safe, reliable, and competitive generation to New Brunswickers,” said NB Power CEO, Mr. Keith Cronkhite. “The versatility of the technology is unique in that it partners well with both electrical and industrial applications due to its high-quality heat, a key differentiator.”
ARC Canada’s technology is supported by strategic world-class engineering partners. The company successfully entered Phase 2 of the Canadian Nuclear Safety Commission’s (CNSC) vendor design review process as part of the design oversight from the world-class regulator.
About ARC Clean Energy Canada Inc.
ARC Clean Energy Canada Inc. (ARC Canada) is a clean energy technology company developing an advanced small modular reactor (SMR) offering inherently safe, reliable, and economical carbon free power that deals with waste for both on-grid and industrial applications. ARC Canada has established its Head Office in Saint John, New Brunswick with a goal of promoting business and economic development within Canada. ARC Canada envisions the creation of a sustainable supply chain delivering economic growth, well-paying supply chain jobs and the opportunity for New Brunswick and Canada to take a lead in the advanced small modular reactor technology field.
More information is available online at www.arcenergy.co
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Carol Lynn Landry
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LONDON--(BUSINESS WIRE)--$loco #cleannergy--LocoSoco Group Plc (“LocoSoco”, “LOCO”), the platform that profits from distributing products & technologies that contribute to sustainability and is listed on the Direct Market segment of the Vienna MTF, is pleased to announce discussions are underway with Proton Technologies, a leader in the field of Clean Hydrogen Production that utilises existing fossil fuel infrastructure.
LocoSoco is listed on the Direct Market segment of the Vienna MTF. For quotes and trading data, link here: https://www.wienerborse.at/en/market-data/shares-others/quote-direct/?ISIN=GB00BD5BTL23&ID_NOTATION=246035708&cHash=96818d4943bd602c7947d54b3503cb6f
Proton Technologies
Proton Technologies “Clear Hydrogen'' is a carbon-free, low-cost opportunity for extracting hydrogen using previously expensed infrastructure and known energy deposits. Operating for over 6 years and holding patented technology for the extraction of clean hydrogen whilst sequestering carbon within existing oil wells. Proton Technologies has the experience and technology to effect change on a global scale whilst profiting with purpose. Part of this includes the production of clean hydrogen and generating carbon credits to underpin further investment into the transition from dirty energy sources to sustainable low cost energy solutions.
LocoSoco CEO James Perry commented, "Having been in conversation with the team at Proton Technologies over the past year, we are excited to potentially deliver further opportunities for commercialising Proton’s patented technologies. At LocoSoco we get to see a wide range of game changing technologies coming to market that serve to increase the value that we bring to our client base, our partners and future customers who are looking to transition to sustainable alternatives. Clean Hydrogen Energy in my opinion is the future of land, air and sea transportation and the opportunities it presents are on a global scale.”
About LocoSoco
LocoSoco delivers products and technologies that contribute to economic and environmental sustainability, working within sectors including retail, hospitality, corporate and government organisations.
Enquiries:
LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman
+44 (0)203 154 9300
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Novus Communications
Alan Green
+44 (0)207 448 9839
Keswick Global AG - Capital Market Coach
Tim Curle, Klaus Schwerdtfeger
+43(1)740 408045
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that 111 Sutter Street has achieved LEED (Leadership in Energy and Environmental Design) Platinum and was San Francisco’s highest scoring LEED Project in 2021. The USGBC’s (U.S. Green Building Council) LEED certification is among the most esteemed sustainable building recognition programs globally.
“111 Sutter’s distinguished LEED achievement is a testament to our continuous dedication to sustainability and responsible building operations,” said Wilbur Paes, Paramount’s Chief Operating Officer, Chief Financial Officer and Treasurer. “We are extremely proud that we consistently deliver this same level of excellence throughout our portfolio, as 100% of our office properties are either LEED Gold or Platinum certified.”
Including 111 Sutter Street, Paramount’s portfolio boasts an impressive 11.3 million square feet of LEED Gold or Platinum certified properties. The Company’s high quality, efficient, and sustainable assets are key to the value proposition they offer both existing and prospective tenants who are focused on sustainability now more than ever before.
“LEED is a transformative tool that ensures a building is designed and operated to achieve high performance, improve human health, and protect the environment,” said Peter Templeton, President and CEO, USGBC. “In achieving Platinum-level recertification, the project at 111 Sutter Street is leading the way in the industry and helping USGBC continue towards our goal of green buildings for everyone.”
111 Sutter’s LEED rating improved from Gold to Platinum due to exemplary performance in energy, water, and waste conservation. A real-time energy management platform, advanced lighting technologies, and daylight harvesting result in reduced energy consumption throughout the asset. Additionally, low-flow fixtures have been installed to decrease water usage and stringent waste management procedures are followed to optimize recycling and composting. These efforts have contributed to 111 Sutter being home to notable not-for-profit and environmentally-focused tenants such as the Natural Resources Defense Council and Save The Redwoods League.
About Paramount Group, Inc.
Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.
Wilbur Paes
Chief Operating Officer, Chief Financial Officer, and Treasurer
212-237-3122
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The Low Carbon-developed wind farm in Finland will increase Ecolab's global renewable energy sourcing to nearly 80%
ST. PAUL, Minn.--(BUSINESS WIRE)--Ecolab Inc., the global leader in water, hygiene and infection prevention solutions and services, today announced the signing of a virtual power purchase agreement that will support the construction and operation of a five-turbine wind farm on the west coast of Finland.
The Mörknässkogen wind farm, developed by renewable energy investment and asset management firm Low Carbon, will produce approximately 100GWh of renewable energy each year, or enough energy to power more than 29,000 homes. It will reduce potential greenhouse gases by an estimated 20,900 tonnes and cover 100% of the electricity Ecolab uses to power all European sites including 15 major offices, 26 manufacturing facilities and seven RD&E centers. The wind farm is expected to begin operations by the end of 2023. The project is a further demonstration of how Ecolab is delivering on bold sustainability goals.
“At a time of increased scrutiny for energy use and net zero commitments, we are proud to be investing in renewable options that are good for both Ecolab’s business and our planet,” said Ecolab Chief Sustainability Officer Emilio Tenuta. “Many of Ecolab’s more than 47,000 associates globally are supporting our customers on their net zero transition, and this agreement provides a tangible example of how to move from commitment to action.”
“We are pleased to partner with a global sustainability leader in Ecolab to bring additional renewable energy infrastructure to Finland's already sought-after renewable power mix,” said John Graves, CIO of the Low Carbon Renewables Fund. “The Mörknässkogen wind project shows how forward-thinking companies can deliver real impact when we work together advance a sustainable future.”
Today’s announcement builds on a 2018 Ecolab investment, which added enough renewable energy sources to cover 100% of the company’s operations across North America. Combined, the two agreements will now allow Ecolab to source nearly 80%, up from 58%, of its power from renewable sources and deliver a significant step toward the company’s goal of achieving 100% renewable electricity globally by 2030. This progress puts Ecolab well ahead of schedule to meet renewable energy guidelines outlined by RE100, a global corporate initiative focused on achieving 100% renewable electricity by 2050, of which Ecolab is a member.
For more information on Ecolab’s 2030 Impact Goals and progress to date, visit www.ecolab.com/corporate-responsibility/2030-Impact-Goals. For more information on Ecolab’s commitment to operating sustainably, visit ecolab.com/corporate-responsibility.
About Ecolab
A trusted partner at nearly three million customer locations, Ecolab (ECL) is the global leader in water, hygiene and infection prevention solutions and services that help protect people, planet and business health. With annual sales of $13 billion and more than 47,000 associates, Ecolab delivers comprehensive science-based solutions, data-driven insights and world-class service to advance food safety, help maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com
Follow us on LinkedIn @Ecolab, Twitter @Ecolab, Instagram @Ecolab_Inc and Facebook @Ecolab.
About Low Carbon
Low Carbon is a leading renewable energy investment and asset management platform committed to the development and operation of renewable energy at scale. Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including solar PV, wind, energy storage, waste-to-energy and energy efficiency. Low Carbon, a certified B Corp, has a proven track record in the development, construction, financing and management of renewable energy assets and remains involved in the projects for the long term with a dedicated asset management team that manages assets on balance sheet and for third parties. With a significant international renewable energy pipeline in development, Low Carbon are well-positioned to capitalise on opportunities as the need for renewable energy and energy security increases. www.lowcarbon.com
(ECL-C)
Kyle Kapustka
Ecolab Media Relations
612-708-4304
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Uday Yadav to pursue new opportunities
DUBLIN--(BUSINESS WIRE)--Power management company Eaton (NYSE:ETN) today announced Heath Monesmith has been named president and chief operating officer of the Electrical Sector, effective July 5, 2022. In this role, he will also have corporate responsibility for the EMEA region and will report to Eaton’s Chairman and Chief Executive Officer Craig Arnold.
“Heath’s passion, insight, and strategic abilities were instrumental in guiding the Industrial Sector through the challenges of the past three years,” said Arnold. “I have no doubt these qualities will serve him and Eaton well as he takes on this new role.”
Monesmith most recently served as president and chief operating officer of the Industrial Sector. Prior to this role, he was executive vice president and general counsel for Eaton, served as executive vice president of Human Resources at Cooper Industries and was a partner at the K&L Gates law firm in Pennsylvania. He holds a bachelor's degree in business administration from Ohio University, a law degree from The Ohio State University College of Law, and an MBA from Texas A&M University.
Monesmith succeeds Uday Yadav who is leaving Eaton to pursue new opportunities.
“I’d like to extend sincere thanks to Uday for his 22 years of service to Eaton,” said Arnold. “He approached each role with his trademark passion, focus and uncompromising desire to excel – traits that helped him make a significant and lasting difference within the company. We wish him and his family all the best for the future.”
In a related move, Paulo Ruiz will succeed Monesmith as president and chief operating officer of the Industrial Sector. In this role, Ruiz will also have corporate responsibility for the Asia-Pacific and Latin American regions and will report to Arnold.
Ruiz joined Eaton in 2019 as the president of the Hydraulics Group and most recently served as president of the Energy Solutions and Services Americas Group. Prior to joining Eaton, Ruiz served for more than 18 years in a variety of leadership roles with Siemens. A successor for Ruiz will be named in the near future.
Arnold continued, “Paulo’s strong leadership skills and broad business experience make him well positioned to lead our Industrial Sector.”
Over the next few weeks, Monesmith, Yadav and Ruiz will be working together to ensure a smooth leadership transition.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Kelly Jasko, 440-523-5304
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CALGARY, Alberta--(BUSINESS WIRE)--#CO2--The Kopahawakenum (Cree for “Kicking up the dust”) 15-Megawatt Flare Gas to Power Facility announced by SaskPower, Flying Dust First Nation, and Genalta Power, online 2023, plans to purchase Flare Gas from Proton Canada’s nearby asset, according to a letter of intent recently signed between the CEO of Genalta, Paul Miller, and the CEO of Proton, Grant Strem.
To ensure sufficient supply for the Kopahawakenum Facility, plus Proton’s own 4.2 MW Power Purchase Agreement and other off-takers, the plan is to install a Cryogenic Air Separation unit (ASU), for injecting pure oxygen and third-party CO2 into Proton’s underground oil deposit to increase hydrogen-productive reactions.
Cold gases from the ASU can separate produced gases by freezing or liquifying these at various cold temperatures at the surface using passive heat exchange. Unwanted components like CO2 are planned to go back into the ground, where reactions can cause them to solidify into forms like carbonate rock. Proton has been demonstrating their patented method for accelerating carbonate creation within pores in the earth, by injecting steam boiler blow-down (reactive waste stream fluid) into their CO2-rich subsurface environment.
Proton’s PPA has final approval and plans and designs for construction are underway. Genalta’s Kopahawakenum PPA is conditionally approved under Saskatchewan’s Oil and Gas Processing Investment Incentive (OGPII), and the Saskatchewan Petroleum Innovation Incentive (SPII), which provide royalty credits at a rate of 15% and 25% of expenses respectively, after the private investments are made.
Grant Strem said, “I want to thank Genalta, the government of Saskatchewan, the First Nations Power Authority, and the Flying Dust First Nation for boldly and creatively enabling improvements over our current energy systems. There will be economic and ecological benefits from this first project, and we believe also from hundreds or even thousands of larger similar projects around the world in the long course of time, thanks to the efforts and investments of those involved in this global first. Proton is very pleased to have Genalta as our creative, positive customer. This flex-fuel offtake deal helps justify and enable a “small enough to be fast” commercial demonstration of core elements of Proton’s method to produce low cost hydrogen while sequestering carbon inside the earth as rock. Many oil assets late in their productive life cycle can be repurposed to make clean energy, leveraging the infrastructure and investments of the past. We plan to expand as fast as we can afford to.”
Paul Miller said, “Kopahawakenum is a cornerstone project that will help the energy industry in Saskatchewan to meet the goals announced by the federal government to reduce GHG emissions 30% in the industry by 2030. Additionally it will be including First Nations in energy stewardship in the province in a meaningful way, creating long term jobs and a replicable approach to utilizing Flare and Vent Gas for power generation. Proton’s fuel supply is critical for the Kopahawakenum project. We thank Proton for their collaboration and support; their visionary project is a game changer in the energy industry with tremendous potential to provide large quantities of emissions free fuel at an economical price to the global market. We are proud to be working with them to further reduce emissions in Saskatchewan and hope to utilize their clean Hydrogen in the future as we continue to expand our clean power base in the province.”
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Grant Strem
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HÉRICOURT, France--(BUSINESS WIRE)--#BeFasterSaferandCleaner--GAUSSIN (EURONEXT GROWTH ALGAU - FR0013495298), a pioneer in the clean and intelligent transport of goods and people, announces it has started delivering on the order of 36 APM 75T HE electric tractors, 24 POWERPACKS LMP® and 6 charging stations to equip CÔTE D'IVOIRE TERMINAL, the second container terminal in the port of Abidjan. GAUSSIN is delivering 14 APMs and 2 charging stations this week, for delivery to CÔTE D'IVOIRE TERMINAL at the end of April.
This historic order is the largest since the launch of the APM 75T HE, a 100% electric tractor designed to transport containers in ports. It represents a turnover of €9.9 million and is due for delivery in full in the first half of 2022.
CÔTE D'IVOIRE TERMINAL, pioneering zero emission container terminal in Africa
CÔTE D'IVOIRE TERMINAL is the second container terminal in the port of Abidjan. With a capacity of 1.5 million containers per year, it will cover an area of 37.5 hectares and will have 1,100 meters of quay with a draught of 16 meters. Once commissioned, it will be equipped with a full range of electrical equipment including 6 quay gantries and 13 RTG gantries. CÔTE D'IVOIRE TERMINAL is the first container terminal built according to the 8 pillars of the Green Terminal label, an environmental labeling process created by BOLLORÉ PORTS and validated by Bureau Veritas.
A promising future
GAUSSIN had announced in March 2019 the signature of a Framework Agreement with preferential rights valid until December 31, 2025 with Unicaf, Bolloré Group's central purchasing unit, for the APM 75T "HE" Hot Environment, 100% electric, equipped with the POWERPACK® LMP® from Blue Solutions. The agreement has resulted in 3 orders for the Ports of Abidjan in Ivory Coast and Freetown in Sierra Leone.
Discussions are underway for new orders in 2022 for other ports operated by Bolloré Ports.
“We are proud to start the delivery process of this historic order for GAUSSIN, which will enable the port of Abidjan to accelerate its ecological transition. Our partnership with the Bolloré Group remains a strategic pillar of GAUSSIN's strategy and I am delighted with the development prospects underway,” said Christophe Gaussin, CEO of GAUSSIN.
“We are entering the final stretch before the commissioning of Côte d'Ivoire Terminal scheduled for next November. This second container terminal illustrates all our know-how as a port operator both in technological and environmental terms. We are satisfied with our partnership with GAUSSIN and are pursuing our investment projects with the aim of reducing the impact of our activities on the environment year after year,” said Philippe Labonne, Deputy CEO of Bolloré Transport & Logistics.
Next steps
SITL Paris (Villepinte) : April 5 to 8
H2 Racing Truck World Tour in Zeebrugge: April 6
Financial results 2021 : April 26
H2 Racing Truck World Tour in Baltimore : April 29
H2 Racing Truck World Tour in New York : May 1
H2 Racing Truck World Tour in Detroit : May 3
H2 Racing Truck World Tour in Long Beach (Los Angeles) : May 6
Hyvolution in Paris : May 11 to 12
Advanced Clean Transportation (ACT) Expo in Los Angeles : May 9 to 12
H2 Racing Truck World Tour in Las Vegas : May 14
H2 Racing Truck World Tour in San Francisco : May 16
H2 Racing Truck World Tour in Seattle : May 18
H2 Racing Truck World Tour in Vancouver : May 19
H2 Racing Truck World Tour in Calgary : May 21
H2 Racing Truck World Tour in Winnipeg : May 23
H2 Racing Truck World Tour in Ottawa : May 26
H2 Racing Truck World Tour in Montreal : May 27
H2 Racing Truck World Tour in Québec : May 28
H2 Racing Truck World Tour in London : July 2
H2 Racing Truck World Tour in Rotterdam : July 3
H2 Racing Truck World Tour in Paris : July 8
H2 Racing Truck World Tour in Héricourt : July 9
H2 Racing Truck World Tour in Geneva : September 26
H2 Racing Truck World Tour in Milan : September 28
H2 Racing Truck World Tour in Rome : September 29
H2 Racing Truck World Tour in Cairo : November 5
H2 Racing Truck World Tour in Charm el-Cheikh (COP27) : November 7
About GAUSSIN
GAUSSIN is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular. With more than 50,000 vehicles worldwide, GAUSSIN enjoys a strong reputation in four fast-expanding markets: port terminals, airports, logistics and people mobility. The group has developed strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Postal, Parcel & Airport Logistics in the airport field, Bolloré Ports and ST Engineering in ports and Bluebus for people mobility. GAUSSIN has broadened its business model with the signing of license agreements accelerating the diffusion of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of intelligent and clean vehicles.
In October 2021, GAUSSIN won the Dubai World Challenge for Self-Driving Transport.
In January 2022, GAUSSIN successfully completed the 2022 Dakar Rally with its H2 Racing Truck, the first hydrogen-powered vehicle to enter the race and generate zero CO2 emissions.
In March 2022, Christophe Gaussin was named “Hydrogen Personality of the year” at the Hydrogénies - Trophées de l'hydrogène ceremony held at the French National Assembly.
GAUSSIN has been listed on Euronext Growth in Paris since 2010.
More information on www.gaussin.com.
About COTE D’IVOIRE TERMINAL
After an international call for tenders, the BOLLORÉ PORTS and APM TERMINALS consortium has been awarded the construction and management of the 2nd container terminal of the Port of Abidjan. Thanks to an investment of more than 262 billion FCFA, the construction work of the future CÔTE D'IVOIRE TERMINAL will be completed in 2022. Covering an area of 37.5 hectares, this new container terminal will be able to handle more than 1.5 million TEU containers per year and accommodate vessels with a draught of 16 meters along its 1,100 meters of quays. It will generate 450 direct jobs and thousands of indirect jobs. It will contribute to the development of skills and the training of Ivorian youth in port trades and in the handling of latest generation equipment.
For more information on GAUSSIN, go to www.gaussin.com
* This document may contain forward-looking information. Such forward-looking information refers to future prospects, developments and strategies of Gaussin and is based on an analysis of expected future results and estimates of amounts that are not yet determinable to date. Forward-looking information naturally contains elements of risk and uncertainty relative to events and therefore dependent on circumstances which may or may not occur in the future. Gaussin draws your attention to the fact that forward-looking information provides no guarantee concerning its future performance or financial situation, financial results or trends in the sector in which Gaussin operates, and which may significantly differ from those proposed or suggested in the forward-looking statements contained in this presentation. Furthermore, even though the financial position of Gaussin, its performance and trends in the sector in which Gaussin operates comply with the forward-looking information contained in this presentation, such performance or trends may not be a reliable indication of the company’s future performance or prospects. Gaussin is not committed to updating or confirming analysts' expectations or estimates or to publicly correcting any information or event in order to reflect an event or circumstance eventually occurring following this presentation.
GAUSSIN
Christophe Gaussin, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)3.84.46.13.45
Ulysse Communication
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LHA Investor Relations – USA
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RooneyPartners - USA
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(646) 770-8858
NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today announced the appointment of Oscar Brown to the position of Group Chief Financial Officer (“CFO”) at FREYR Battery.
As CFO, Brown will report to FREYR’s Chief Executive Officer, Tom Einar Jensen, and will be responsible for financial planning, performance, reporting, and capital markets engagement across the organization. He will assume his new position at FREYR effective immediately.
“We are delighted to welcome Oscar to the FREYR executive leadership team. As we prepare to execute our strategic plan to establish clean battery production at giga scale in Norway, the U.S. and Finland, Oscar’s deep capital markets acumen and industry experience will be invaluable to support the next phase of FREYR’s development,” said Tom Einar Jensen, CEO of FREYR. “Our geographical expansion and growth plans along the battery value chain will require significant financing efforts. Oscar’s experience in large scale financing, M&A, and deep corporate development expertise in the energy space will continue to strengthen our financial capacity as we evolve into a global organization.”
Brown comes with more than 30 years of energy industry experience, having most recently been Senior Vice President of Strategy, Business Development and Supply Chain for Occidental Petroleum Corporation. Prior to joining Occidental in 2016, he held positions of increasing responsibility as an investment banker with CS First Boston, Lehman Brothers, Barclays Capital, and Bank of America Merrill Lynch, where he was co-head of Americas Energy Investment Banking. He is a board member and chairs the ESG Committee of Western Midstream Partners LP (NYSE: WES) and is a past director of Plains All-American Pipeline LP (NYSE: PAA) and Plains GP Holdings LP (NYSE: PAGP). Brown holds a bachelor’s degree in Business Administration, Finance and Marketing from the University of Texas at Austin.
“Oscar brings FREYR extensive capital markets experience as a public company executive, board member and former investment banker. He has executed more than $300 billion of capital markets and M&A transactions over the course of his career,” said Torstein Dale Sjøtveit, Executive Chairman and Founder of FREYR.
“I am very excited to be joining FREYR at such a dynamic time in the battery industry. I look forward to working with our team to shape FREYR’s capital formation and strategic positioning as we advance our ambition to build a global clean battery champion and create value for all our stakeholders,” said Oscar Brown.
In conjunction with Brown’s appointment as Group CFO, Steffen Føreid is released from the tasks pertaining to the FREYR Group CFO position but will continue in the position as CFO for FREYR Battery Norway AS until the closing of Q1 2022.
“Steffen has been an integral member of our executive management team,” said Jensen. “Steffen is a financial heavy-weight, and I have deep appreciation and high regard for his counsel and leadership in building the financial foundation of FREYR Battery as a publicly listed company. I am grateful for what Steffen has contributed during his time with us, steadily steering the company’s financial strategy and processes, and building a strong financial team.”
About FREYR Battery
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028. To learn more about FREYR, please visit www.freyrbattery.com
Cautionary Statement Concerning Forward-Looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding (i) FREYR’s ability to execute its strategic plan to establish clean battery production at giga scale in Norway, the U.S. and Finland, (ii) FREYR’s geographical expansion and growth plans along the battery value chain and (iii) the ability of Mr. Brown’s experience in large scale financing, M&A and deep corporate development in the energy space to strengthen FREYR’s financial capacity as it evolves into a global organization are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in FREYR’s Registration Statement on Form S-1 initially filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, and in other SEC filings available on the SEC’s website at www.sec.gov.
Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161
Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
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Tel: (+47) 920 54 570
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