ZincFive’s BC Series UPS Battery Cabinets will make Wyoming Hyperscale the first data center of its kind to solely rely on safe & sustainable nickel-zinc batteries for backup power
PORTLAND, Ore.--(BUSINESS WIRE)--ZincFive, the world leader in nickel-zinc battery-based solutions for data centers, announced today its BC Series UPS Battery Cabinets have been specified by sustainable data center developer Wyoming Hyperscale White Box, which plans to commission its first development site in Aspen, Wyo., later this year. The data center will be the first of its kind to utilize sustainable nickel-zinc battery-based uninterruptible power supplies (UPS) as its sole source of backup energy storage, complementing its commitment to minimizing its environmental footprint.
Wyoming Hyperscale seeks to build sustainably operated data centers around the world, providing greater access to data, with less waste and greater energy efficiency. Their Aspen Mountain Hyperscale Data Center Project will manage 30MW of critical IT load in its first phase and will be the first geothermal coupled hyperscale data center in Wyoming. Steps being taken by the data center to minimize its environmental footprint include liquid cooling with zero water use, the use of renewable power and heat, and now, the utilization of the highly sustainable ZincFive nickel-zinc batteries.
“This project will showcase to the world cutting-edge technologies that can take data center sustainability to new heights,” said Wyoming Hyperscale founder Trenton Thornock. “We’re excited to take advantage of the environmental benefits provided by ZincFive’s sustainable battery solution, as well as their benefits in terms of performance, reliability and exceptional safety.”
ZincFive BC Series UPS Battery Cabinets are the first nickel-zinc battery energy storage solution with backward and forward compatibility with megawatt class UPS inverters. Nickel-zinc technology offers a smaller footprint, minimal maintenance requirements, no thermal runaway, and the higher reliability demanded for mission-critical data centers. A third party expert analysis has validated that ZincFive’s nickel-zinc batteries have a significantly lower end-to-end climate impact than lead-acid and lithium batteries.
“As the importance of sustainability in data center backup battery systems continues to grow as a requirement, Wyoming Hyperscale is leading the way by incorporating nickel-zinc batteries into their sustainability strategy,” said ZincFive CEO and Co-Founder Tim Hysell. “Our shared commitment to reducing carbon footprint and operating costs without sacrificing safety or performance is what makes our solution a great fit for all future and current data centers.”
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.
About Wyoming Hyperscale White Box LLC
Founded in 2020 by members of a 6th generation ranching family, the company is combining resources to sustainably satisfy parabolic demand for hyperscale data center capacity while implementing best-in-class solutions to directly address global climate change and eliminate the waste inherent in conventional datacenter designs. Wyoming Hyperscale decided to change the industry with patented and patent-pending technologies that are innovative, efficient, sustainable, and significantly less costly to build and operate.
Media: Carlos Villacis, Antenna for ZincFive, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "U.S. Forklift Battery Market by Type, Capacity and Application: Country Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The U.S. forklift battery market size was valued at $810.5 million in 2020, and is projected to reach $1,785.3 million by 2030, growing at a CAGR of 8.5% from 2021 to 2030.
The emergence of fuel cell forklifts as an alternative to the electric forklift along with an increase in investment toward public and private sectors to maintain the lead in the hydrogen economy is expected to drive the growth of the market in the upcoming years. Moreover, growth in the manufacturing and retail & wholesale sectors in the U.S. needs to expand space in warehouses for their product storage. Thus, for the loading, unloading, and material handling there is a need for an electric forklift, which in turn drives the forklift battery market growth in the U.S. Moreover, growth in awareness toward minimizing environmental pollution and rapid growth in green logistics is expected to create opportunities in the U.S. forklift battery market during the forecast period.
The U.S. forklift battery market is segmented into type, capacity, and application. Depending on the type, the market is categorized into lithium-ion battery, lead acid battery, fuel cell battery, and others. The fuel cell segment is further segmented into Proton Exchange Membrane Fuel Cell (PEMFC) and Direct-Methanol Fuel Cell (DMFC). On the basis of capacity, it is bifurcated into 0-600 Ahr, 600-1200 Ahr, and above 1200 Ahr. The applications covered in the study include warehouses, manufacturing, construction, retail & wholesale stores, and others
KEY MARKET SEGMENTS
By Type
By Capacity
By Application
KEY MARKET PLAYERS
Other players operating in the value chain of the U.S. forklift battery market are NITCO, American Battery Company, Power Battery Company, Inc., Dyno Battery, Inc., Union Battery Corporation, and others.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping the market
3.3. Value chain analysis
3.4. Top investment pockets
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Emergence of fuel cell forklifts as an alternative to the electric forklift
3.5.1.2. Expanding warehouse spaces and the manufacturing industry
3.5.2. Restraints
3.5.2.1. High cost associated with lithium-ion battery
3.5.3. Opportunity
3.5.3.1. Growth in penetration of green logistics
3.6. Patent analysis
3.6.1. By region, 2013-2020
3.7. Impact of government rules and regulations
3.7.1. Occupational Health and Safety Act (OSHA) clauses pertinent to condition of powered forklift trucks
3.8. Impact of COVID-19 outbreak on the market
3.9. Barrier to lithium-ion battery penetration in the market
3.10. Competitive Factors of Forklift Batteries
3.11. Pricing analysis forklift batteries
3.12. Market share analysis
3.13. Distributor analysis
CHAPTER 4: U. S. FORKLIFT BATTERY MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Lithium-ion battery
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, 2020-2030 ($Million)
4.3. Lead acid battery
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, 2020-2030 ($Million)
4.4. Fuel cell battery
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, 2020-2030 ($Million)
4.4.3. Proton Exchange Membrane Fuel Cell (PEMFC)
4.4.4. Direct Methanol Fuel Cell (DMFC)
4.5. Others
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, 2020-2030 ($Million)
CHAPTER 5: U. S. FORKLIFT BATTERY MARKET, BY CAPACITY
5.1. Overview
5.1.1. Market size and forecast
5.2.0-600 Ahr
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, 2020-2030 ($Million)
5.3.600-1200 Ahr
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, 2020-2030 ($Million)
5.4. Above 1,200 Ahr
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, 2020-2030 ($Million)
CHAPTER 6: U. S. FORKLIFT BATTERY MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Warehouses
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, 2020-2030 ($Million)
6.3. Manufacturing
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, 2020-2030 ($Million)
6.4. Construction
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, 2020-2030 ($Million)
6.5. Retail & wholesale stores
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, 2020-2030 ($Million)
6.6. Others
6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, 2020-2030 ($Million)
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.1.1. Market player positioning, 2020
7.2. Top winning strategies
7.3. Product Mapping of Players
7.4. Competitive heatmap
7.5. Key developments
CHAPTER 8: COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/fiillv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it will conduct a conference call on Thursday, February 3 at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal third quarter ended December 31, 2021. The financial results will be issued in a press release prior to the call.
Iteris president and CEO Joe Bergera, and CFO Douglas Groves will host the call, followed by a question and answer period.
Date: Thursday, February 3, 2022
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Toll-free dial-in number: +1 888-220-8451
International dial-in number: +1 323-794-2588
Conference ID: 8805832
If joining by phone, please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MKR Investor Relations at 1-213-277-5550.
To listen to the live webcast or view the press release, please visit the investor relations section of the Iteris website at www.iteris.com.
During the question and answer period, management will take questions live from covering sell-side analysts, as well as answer select questions submitted to the company in advance of the call. If you would like to submit a question in advance, please do so before 5 p.m. Eastern time (2 p.m. Pacific time) on February 2, 2022 by emailing Iteris investor relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
A replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through February 10, 2022. To access the replay dial information, please click here.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Contact
Douglas Groves
Senior Vice President and Chief Financial Officer
Tel: (949) 270-9643
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Developed in collaboration with PEI Energy Corporation, the Slemon Park microgrid is designed to strengthen renewable energy solutions in Prince Edward Island
FRAMINGHAM, Mass. & SUMMERSIDE, Prince Edward Island--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has been awarded the Slemon Park Microgrid project, which it will develop in collaboration with Prince Edward Island (PEI) Energy Corporation.
The Slemon Park Microgrid will consist of a 10-MW solar facility with direct current-coupled energy storage, meaning that the co-located solar and energy storage assets will share the same interconnection. Implementation of behind-the-meter energy storage solutions, as well as a small deployment of residential energy storage systems, will benefit Slemon Park commercial businesses and local residents by storing energy for later use.
By incorporating energy storage components to better balance renewable energy generation, the microgrid will help manage peak load demands within Slemon Park and is expected to offset approximately 4500 tonnes CO2e/year over its useful life.
“The Slemon Park Microgrid project will further our goal of achieving Net Zero energy by 2030 on Prince Edward Island. With the addition of a new, clean renewable energy grid, we’ll be able to better reduce our baseline greenhouse gas emissions and create a more resilient future,” said Steven Myers, Minister of Environment, Energy and Climate Action.
Ameresco and PEI Energy Corporation will work collaboratively with the Slemon Park Corporation to utilize the park’s unique infrastructure to successfully implement the microgrid. The completed project will enhance local economic development and strengthen renewable energy solutions in Prince Edward Island.
“We are so excited to partner with PEI Energy Corporation on such an impactful project. Improving grid resiliency will enable the province of Prince Edward Island to successfully implement renewable energy projects that will help serve to protect the Island’s environment and lead to a more sustainable and economically robust future,” said Bob McCullough, President, Ameresco Canada.
Construction began in December 2021 with a target energize date scheduled for Fall 2022.
Federal funding for this project is provided by Natural Resources Canada’s Smart Grid Program, part of the Government of Canada’s Investing in Canada Infrastructure Program: Green Infrastructure stream.
To learn more about the microgrid solutions offered by Ameresco, visit www.ameresco.com/microgrid/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
About PEI Energy Corporation
In Prince Edward Island, the PEI Energy Corporation is responsible “to develop and promote the development of energy systems and the generation, production, transmission and distribution of energy in all its forms on an economic and efficient basis, to provide financial assistance for the development, installation and use of energy systems, and to coordinate all government programs in the establishment and application of energy systems in the province.” The Province of Prince Edward Island has developed a North American, if not global, reputation in the development of renewable energy. PEI has always been viewed as an innovator in developing, demonstrating and deploying renewable energy systems with due regard for the environment. PEI has a strong reputation as a leader in the development of its wind resources with the highest per capita penetration of this renewable energy in its provincial electricity portfolio.
The announcement of a project award is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported contracted backlog as of September 30, 2021.
Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Project to be developed in partnership with Vlot Calf Ranch in Chowchilla, CA
SAN FRANCISCO & SAN RAMON, Calif.--(BUSINESS WIRE)--Brightmark RNG Holdings LLC – a joint venture partnership between Chevron U.S.A. Inc. and Brightmark Fund Holdings LLC, a subsidiary of the global waste solutions provider Brightmark LLC – today announced plans to construct an anaerobic digestion project at Vlot Calf Ranch in Chowchilla, California.
The Vlot anaerobic digestion project is anticipated to capture, clean, and convert methane from manure that would otherwise escape to the atmosphere on the Vlot Calf Ranch and dairy farm into renewable natural gas (RNG). When used in the transportation sector, renewable natural gas from dairy operations has a negative carbon intensity on a lifecycle basis under California’s Low Carbon Fuel Standard. The Vlot Project is Brightmark RNG Holdings LLC’s first renewable natural gas project in the state of California.
"The Vlot Project represents a major milestone for Brightmark and its RNG production efforts," said Bob Powell, founder and chief executive officer of Brightmark. "Being able to partner with Chevron and the Vlot Calf Ranch on our largest RNG project to date and first project in our home state of California represents a particular point of pride for our company and efforts.”
“As a California company, Chevron has provided the state’s residents with affordable, reliable energy for more than 140 years,” said Andy Walz, president of Americas Fuels & Lubricants for Chevron. “Developing and delivering renewable natural gas with Brightmark and the Vlot Calf Ranch, once completed, demonstrates our commitment to working across critical sectors of the state’s economy to increase the supply of fuels with a lower lifecycle carbon intensity.”
"Sustainability considerations and agriculture go hand-in-hand; one cannot exist without the other," said Case Vlot of Vlot Calf Ranch. "As farmers and livestock owners, we take pride in caring for our land and environment because we know that when we do that, it will in turn, take care of us and our animals. It is what farmers, ranchers and dairy farmers do. Innovation in agriculture is constant and ever-changing. This digester is another step in providing environmental benefits to our farm and surroundings. In this case, it's utilizing the manure from our cattle in an anaerobic digester that will help generate those benefits to continue our legacy in sustainability. We are looking forward to seeing this project completed."
The project is expected to be completed in 2023. Other renewable products generated by the project include recycled water back to the farm, biofertilizer and digested dairy fiber, which can be used as cow bedding or as a peat moss substitute.
About Brightmark
Brightmark is a global waste solutions company with a mission to reimagine waste. The company takes a holistic, closed loop, circular economy approach to tackling the planet’s most pressing environmental challenges with imagination and optimism for the future. Through the deployment of disruptive, breakthrough waste-to-energy solutions focused on plastics renewal and renewable natural gas, Brightmark enables programs specifically tailored to environmental needs in order to build scalable project solutions that have a positive impact on the world and communities in which its stakeholders live and work. For more information, visit www.brightmark.com.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company’s 2020 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Brightmark
Cory Ziskind
This email address is being protected from spambots. You need JavaScript enabled to view it.
t. (646) 277-1232
Chevron
Tyler Kruzich
This email address is being protected from spambots. You need JavaScript enabled to view it.
t. (925) 549-8686
RYE BROOK, N.Y.--(BUSINESS WIRE)--#LetsSolveWater--Global water technology company, Xylem (NYSE:XYL), announced today that almost 80 percent of its 16,000 employees volunteered their time to help solve urgent water challenges in 2021. Xylem’s global team collectively donated 113,000 hours in their communities, across 55 countries.
The commitment of volunteer hours doubled from 2020 to 2021, despite the challenges of COVID-19. Xylem employees stepped up both in person, in their own communities, and virtually, finding new ways to make a difference. Initiatives included cleaning up waterways, supporting disaster response teams, and providing water education.
"Volunteering is one way we invest in our mission to solve the world’s biggest water challenges,” said Austin Alexander, Vice President of Sustainability and Social Impact at Xylem. “Our colleagues, customers and NGO partners showed real passion, last year – doubling the number of hours they volunteered, compared with 2020. It was particularly encouraging to see this uplift in the face of COVID-19. They found so many creative ways to help communities become more resilient – mentoring young people online, championing the efforts of our NGO partners, and supporting humanitarian relief efforts. It’s just so inspiring to see the impact they’ve had.”
Xylem’s volunteering initiatives are part of its corporate social responsibility program, Xylem Watermark. Xylem provides 10 hours of time off annually for employees to volunteer, with some of the volunteers’ efforts also contributing to Xylem’s 2025 Sustainability Goals, which include: providing access to clean water and sanitation for at least 20 million people living at the base of the global economic pyramid; providing water and WASH (Water and Sanitation Hygiene) education for 15 million people; and giving 1% company profits to water-related causes and education around the world.
In 2021, Xylem Watermark volunteering included:
About Xylem
Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our more than 16,000 diverse employees delivered revenue of $4.88 billion in 2020. We are creating a more sustainable world by enabling our customers to optimize water and resource management, and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com.
About Xylem Watermark
Xylem Watermark, the Company’s corporate citizenship program, was initiated in 2008, with a focus on protecting and providing safe water resources around the world and also educating people on water-related issues. The global initiative, which encompasses employee and stakeholder engagement, provides access to clean drinking water and sanitation, and humanitarian emergency response to help communities become more water-secure and sustainable.
Houston Spencer, Xylem
+1.914.240.3046
This email address is being protected from spambots. You need JavaScript enabled to view it.
Gill Curran, Edelman
+(353) 87 176 8124
This email address is being protected from spambots. You need JavaScript enabled to view it.
VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, will hold a conference call on Thursday, February 10, 2022 at 4:30 p.m. Eastern Time to discuss its results for the fiscal second quarter ended December 31, 2021. A press release detailing these results will be issued prior to the call.
Flux Power CEO Ron Dutt and CFO Chuck Scheiwe will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.
To access the call, please use the following information:
Date: |
Thursday, February 10, 2022 |
||
Time: |
4:30 p.m. Eastern Time, 1:30 p.m. Pacific Time |
||
Toll-free dial-in number: |
1-877-407-4018 |
||
International dial-in number: |
1-201-689-8471 |
||
Conference ID: |
13726247 |
Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MZ Group at 1-949-491-8235.
The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1523649&tp_key=a303c51997 and via the investor relations section of the Company's website here.
A replay of the webcast will be available after 7:30 p.m. Eastern Time through May 10, 2022.
Toll-free replay number: |
1-844-512-2921 |
||
International replay number: |
1-412-317-6671 |
||
Replay ID: |
13726247 |
About Flux Power Holdings, Inc.
Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.
Forward-Looking Statements
This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, deferral of shipments, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of operations, financial condition and performance will not differ materially from the results of operations, financial condition and performance reflected or implied by these forward-looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
Follow us at:
Blog: Flux Power Blog
News Flux Power News
Twitter: @FLUXpwr
LinkedIn: Flux Power
Media & Investor Relations:
Justin Forbes
877-505-3589
This email address is being protected from spambots. You need JavaScript enabled to view it.
External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.mzgroup.us
ATLANTA--(BUSINESS WIRE)--Sustainable packaging leader DS Smith today announced its ambitious commitment to align its global operations to a 1.5°C scenario as set out in the Paris Climate Agreement. The roadmap to 1.5°C has been submitted for verification by the Science Based Targets initiative (SBTi)*.
DS Smith North America will participate in the acceleration of the reduction of carbon emissions for its operations, as well as those of its partners and suppliers, by committing to reducing its Scope 1, 2 and 3 Green House Gas (GHG) emissions by 46% on an absolute basis by 2030, compared to 2019 levels. These targets will keep DS Smith, which is a member of the UN’s Race to Zero initiative, in line with its prior commitment to reach Net Zero** carbon emissions by 2050.
“Today’s announcement demonstrates our ambition in reducing carbon as part of our long-term sustainability focus,” said Miles Roberts, Group Chief Executive at DS Smith. “This commitment not only ensures our business is leading the way in reducing our carbon footprint, but also guarantees we are challenging our suppliers and partners to do the same.”
“Our business has ambitious growth plans over the coming years as we lead the transition to a circular economy and these commitments are a crucial part of our Now and Next sustainability strategy which will see us create a positive impact for people and the planet both now and in the future,” said Roberts.
Investing in the future
To deliver on this commitment, DS Smith will invest consistently over the next 28 years in its own operations. Investment will be made into the adoption of next generation engineering solutions, such as biomethane boiler technology. The company will also harness self-generated renewable energy sources, such as wind and solar, and power purchasing agreements to replace grid electricity.
Working with our partners
“Now more than ever before, it is critical for businesses to demonstrate their commitments to the fight against climate change,” said Keith Ledbetter, Managing Director of DS Smith North America. “DS Smith is uniquely positioned to provide integrated circular economy solutions to its customers and today’s announcement will enable us to do that with even more impact.”
DS Smith will also engage with all its strategic suppliers to encourage them to adopt science-based targets by 2027. This follows feedback from stakeholders, who are seeking to work with like-minded businesses committed to Science Based Targets and Net Zero, alongside a commitment to the circular economy. As part of this approach, DS Smith will work closely with partners, suppliers, customers and policymakers to collectively tackle climate change through the circular economy in line with DS Smith’s ambitious goals.
Committing to Net Zero
Supporting the delivery of these commitments is an ambitious Net Zero transition plan which will set out the key strategic actions and milestones that will define DS Smith’s transition to Net Zero. The plan, which will be published this summer, is aligned with the Group’s growth strategy and outlines the initiatives that will be undertaken, prioritizing the greatest sources of GHG emissions***.
“The Foundation's report, Completing the Picture: How the Circular Economy Tackles Climate Change, shows that although the renewable energy transition is vital to tackling climate change, almost half of global GHG emissions come from the way we make and use products and food,” said Andrew Morlet, CEO of the Ellen MacArthur Foundation. “We need a circular economy — one designed to eliminate waste, circulate products and materials, and regenerate nature, to tackle those emissions and achieve the targets set out in the Paris Agreement. Today’s announcement shows that our Strategic Partner, DS Smith, is committed to ambitious action on both renewables and the circular economy.”
*The Science Based Targets initiative engages and supports companies in defining how much and how quickly they need to reduce their greenhouse gas emissions.
**The term Net Zero refers to the balance between the amount of greenhouse gas produced and taken out of the atmosphere.
*** DS Smith’s Net Zero transition plan considers future carbon costs, technology and commodity availability and cost projections. It will be periodically updated, supported by robust governance processes and regularly communicated to stakeholders.
Background on DS Smith’s carbon reduction journey to date:
About DS Smith:
DS Smith is a leading provider of sustainable fiber-based packaging worldwide, which is supported by recycling and papermaking operations. It plays a central role in the value chain across sectors including e-commerce, fast moving consumer goods and industrials. Through its purpose of ‘Redefining Packaging for a Changing World’ and its Now and Next sustainability strategy, DS Smith is committed to leading the transition to the circular economy, while delivering more circular solutions for its customers and wider society – replacing problem plastics, taking carbon out of supply chains and providing innovative recycling solutions. Its bespoke box-to-box in 14 days model, design capabilities and innovation strategy sits at the heart of this response. Headquartered in London and a member of the FTSE 100, DS Smith operates in 34 countries employing around 30,000 people and is a Strategic Partner of the Ellen MacArthur Foundation. Its history can be traced back to the box-making businesses started in the 1940s by the Smith family.
North American operations are based in Atlanta, with 15 manufacturing, paper and recycling facilities, totaling more than 2,000 employees.
DS Smith will report annually its progress across its climate targets in its Sustainability and Annual Reports.
Mindy Myrick, Head of Corporate Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it. / +1 410-251-9570
Caroline Curran, Hill+Knowlton Strategies
This email address is being protected from spambots. You need JavaScript enabled to view it. / +1 256-653-5811
Intelis Smart Gas Meter Brings Enhanced Safety and Operational Savings for the Delivery of Natural Gas in Canada
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Itron--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that its Intelis residential ultrasonic gas meter has received type approval from Measurement Canada, which confirms that it complies with PS-G-06 provisional specification for ultrasonic meters in Canada. As this is the first ultrasonic gas meter with an internal shutoff value to be approved by Measurement Canada, utilities can take advantage of Itron’s solution to transform how gas is delivered safely and efficiently.
With Itron’s Intelis smart gas meter, utilities can extend intelligence to the edge of the gas communications network. Utilities and cities can now take advantage of the smart capabilities of the Intelis gas meter, including a built-in automatic shutoff valve, to enhance customer and employee safety and improve operational savings.
With millions of Intelis gas meters contracted in North America, this proven meter is the most compact and lightweight 250 class gas meter on the market and offers self-monitoring shutoff capabilities benefiting both the homeowner and utility. The meter can be configured to shutoff automatically in the event of a high flow or high temperature incident, using local intelligence to minimize the risk of a gas explosion. Alarms can be brought back to the utility through network or mobile meter reading. Independent of reading topology, the smart meter can shut itself off without utility intervention.
“Open fuel lines caused from natural disasters, human error or malicious intent pose a threat to utility infrastructure. To prepare for the unexpected, utilities and cities can benefit from the enhanced gas safety measures found in Itron’s Intelis gas meter,” said John Marcolini, senior vice president of Networked Solutions at Itron. “With Measurement Canada approval, utilities can now deploy and rely upon the Intelis gas meter to automatically shutoff within seconds of incident detection, regardless of utility involvement or network connectivity. Additionally, utilities operating under a network have the added benefit of being able to remotely shutoff the valve in the event of an emergency. We are thrilled that the Intelis gas meter is the first residential ultrasonic meter with a shutoff valve to be approved by Measurement Canada.”
To learn more about Itron’s Intelis gas meter and its safe and efficient capabilities, click here.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
This email address is being protected from spambots. You need JavaScript enabled to view it.
Wyoming Energy Authority Awards Tallgrass Matching Grant for Hub Development
Hub Would Accelerate Wyoming’s Goal to be Net Negative in CO2 Emissions
LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass announced it was awarded a grant from the Wyoming Energy Authority to fund the development of a commercial-scale CO2 sequestration hub in the Denver-Julesburg (DJ) Basin in eastern Wyoming. The grant is in addition to the company’s proposed direct investment in the Eastern Wyoming Sequestration Hub project, which is designed to provide a cost-effective means of capturing, transporting and sequestering CO2 across multiple states.
“The Eastern Wyoming Sequestration Hub project is a strong addition to our existing decarbonization initiatives and aligns with our broader clean energy strategy,” said Kyle Quackenbush, Segment President. “This project can accelerate the state’s goal to be net negative in CO2 emissions by importing and sequestering CO2, and benefit the broader Rocky Mountain and Midwest regions. We very much appreciate the support of the Wyoming Energy Authority and look forward to working with them, as well as other government and community leaders in Wyoming.”
“Wyoming is deeply committed to providing decarbonized solutions for the 21st century,” said Dr. Glen Murrell, Executive Director of the Wyoming Energy Authority. “We are pleased to be able to fund Tallgrass’s Eastern Wyoming Sequestration Hub project, which has the potential to add an important resource for our net-zero goals.”
Tallgrass expects to utilize the WEA grant in 2022 to fund development activities and drilling a characterization well in connection with its anticipated Class VI permit filing for the hub.
About Tallgrass
Tallgrass is a leading energy infrastructure company focused on safely, reliably and sustainably delivering the energy and services that fuel homes and businesses and enable quality of life. We are committed to being at the forefront of efforts to decarbonize our world. An investor group led by Blackstone Infrastructure Partners, which includes Enagás SA, GIC, NPS and USS, owns the outstanding equity interests in Tallgrass. Visit Tallgrass.com to learn more.
Cautionary Note Concerning Forward-Looking Statements
Disclosures in this press release contain forward-looking statements. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that management expects, believes, or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the successful development of the referenced commercial-scale CO2 sequestration hub; the timing of the completion of the development of the sequestration hub; the expectation that the hub will accelerate the State of Wyoming’s goal to be net negative in CO2 emissions; and the expected benefits, economic or otherwise, of the proposed hub to the State of Wyoming and to the broader Rocky Mountain and Midwest regions. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Tallgrass, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, and other important factors that could cause actual results to differ materially from those projected, including those set forth in reports and financial statements made available by Tallgrass. Any forward-looking statement applies only as of the date on which such statement is made, and Tallgrass does not intend to correct or update any forward-looking statement, whether because of new information, future events or otherwise, except as required by law.
Media and Trade Inquiries
Phyllis Hammond, 303-763-3568
This email address is being protected from spambots. You need JavaScript enabled to view it.
or
Investor and Financial Inquiries
Andrea Attel, 913-928-6012
This email address is being protected from spambots. You need JavaScript enabled to view it.
Wind and Solar Projects to Generate up to 640 Megawatts of Reliable, Clean Energy through 15-Year Agreements
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy (“Leeward”) today announced that it has entered into 15-year Renewable Energy Purchase Agreements (REPAs) with Verizon Communications (“Verizon”), through which Verizon will purchase the energy generated from four of Leeward’s wind and solar projects under development: Blackford County Wind, Horizon Solar, White Wing Ranch Solar projects, and an 80 MW wind project in development with details to come (collectively, the “Projects”).
In aggregate, the Projects will have the capacity to generate up to 640 megawatts (MW) of reliable, clean energy, which will help Verizon achieve its goal to be net zero in its operational emissions (scope 1 and 2) by 2035. Construction of all projects is expected to be completed by June 30, 2024, with each project also providing jobs and economic benefits to its surrounding community.
"Since 2019, Verizon has issued three $1 billion green bonds to support our climate strategy, including our expansive renewable energy initiatives," said James Gowen, Verizon's chief sustainability officer and senior vice president, global supply chain. "Through investments in clean energy solutions -- like these agreements with Leeward Renewable Energy -- Verizon is doing its part to green the U.S. energy grid."
The Projects will utilize wind turbines and thin-film panels from America’s industry leading renewable technology manufacturers. Leeward’s contracted solar panel supply with First Solar will enable reliable project delivery for Verizon and further positions Leeward to execute on its aggressive growth and resource diversification strategy. Together Leeward’s growth strategy and project execution reliability enhance its ability to continue delivering value-driven energy solutions to its customers.
Andrew Flanagan, Chief Development Officer at Leeward stated, “We are excited to expand our established relationship with Verizon, which speaks to Leeward’s strengths as a partner in helping our nation’s leading companies meet their sustainability goals. We are pleased to be recognized as a company that safely and successfully delivers reliable wind, solar and energy storage solutions to innovative companies across the country. We look forward to continue building on this momentum to achieve our vision of harnessing renewable energy to power the world.”
The four Projects include:
Verizon and Leeward have an existing relationship through previously signed REPAs for the 196 MW Big Plain and 100 MW Oak Trail solar projects.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$114 billion in net assets (as at June 30, 2021). For more information, visit www.leewardenergy.com.
For Leeward
Kelly Kimberly
Sard Verbinnen & Co.
This email address is being protected from spambots. You need JavaScript enabled to view it.
(713) 822-7538
Here are Ways to Reduce Winter Energy Bills and Get Help Paying Them
SAN FRANCISCO--(BUSINESS WIRE)--By taking advantage of some simple, realistic steps, customers can reduce energy bills this winter. Pacific Gas and Electric Company (PG&E) knows some customers may be experiencing higher energy bills this winter.
A decline in natural gas production during the initial months of the pandemic, combined with drought conditions reducing hydroelectric generation is impacting the cost of natural gas around the nation. Natural gas prices from November 2021 to January 2022 are 90% higher than last winter. PG&E passes the cost of energy purchases – both gas and electricity – to its customers with no mark-up, meaning that what customers pay for fuel costs is what PG&E pays.
“We take a number of actions to reduce the impact of volatile natural gas prices but recognize even these proactive measures can’t prevent a spike like this from impacting a customer’s monthly bill. That’s why we are encouraging customers to act now by making simple changes, checking available rate options, and ensuring they are aware of and participating in financial assistance programs, if eligible,” said Aaron August, PG&E’s Vice President of Business Development and Customer Engagement.
Ways to Save Energy this Winter
Heating can account for more than 40% of energy costs. Here are ways to make sure that you’re getting the most from the money you spend on heating your home or business:
Additionally, PG&E continues to work with customers who are having difficulty paying their bills.
In September 2021, PG&E began automatically enrolling all residential and small business customers with past due balances over 60 days in new extended payment arrangements. Customers are being automatically enrolled on an ongoing basis based on eligibility through September 2022.
As of December 2021, nearly 1 million PG&E customers were enrolled in the payment plans as well as the Arrearage Management Plan (AMP), both focused on helping customers reduce unpaid balances over time and protecting those enrolled from disconnection once the process restarts later this year.
Get Help with Past Due Bills
Customers struggling to pay their bills can learn more about the following programs:
Ways to Reduce Future Energy Bills
Customers may also qualify for several programs at once and can start applying or enrolling now.
For more information please don’t hesitate to call (800) 743-5000 or log onto pge.com/covid19.
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:
415-497-2222
Located in Plymouth, MN, USA, the new R&D center will include state-of-the-art facilities dedicated to fermentation research and development of new applications using Ingeo™PLA biopolymer.
PLYMOUTH, Minn.--(BUSINESS WIRE)--In response to rapid growth in the market for sustainable biomaterials, NatureWorks today announced their intent to open a new headquarters and advanced biopolymer research facility in Plymouth, MN. Expanded laboratory capabilities will support research into the full circular lifecycle of Ingeo™ biopolymers from next generation fermentation technology to new applications, to increased functionality.
The expanded R&D capabilities will also support the construction and operation of NatureWorks’s new fully integrated Ingeo PLA manufacturing complex located in Thailand. With an expected opening in 2024, the facility will have an annual capacity of 75,000 tons of Ingeo biopolymer and produce the full portfolio of Ingeo grades.
“In the face of these challenging times, we’ve designed a space that will enable research, invention, and collaboration between us, our partners, and the market, no matter where we are located in the world,” said Rich Altice, President & CEO of NatureWorks. “These new facilities will help accelerate the pace of research and innovation as the urgent need for real, safe solutions that help address climate and environmental challenges from plastics and chemicals continues to grow.”
The new space is designed to embody NatureWorks’s mission to create sustainable, high-performance materials by incorporating low environmental impact materials including lighting, flooring, and art made with Ingeo as well as systems for reducing water and energy usage. A robust organics recycling collection system will divert food waste away from landfills to compost with compostable food serviceware, coffee pods, and tea bags all available to visitors and employees.
Whether participating in trials in our applications lab or meeting with employees, visitors will find a redesigned experience that facilitates collaboration and showcases examples of Ingeo in applications from appliances to 3D printing, to compostable and recyclable paper coatings.
The move to the new headquarters and R&D facility located at 17400 Medina Road, Suite 800, Plymouth, MN, 55447, USA will begin in February 2022.
For more information about NatureWorks and Ingeo, visit www.natureworksllc.com, and follow NatureWorks on Twitter (@natureworks) for the latest updates.
About NatureWorks
NatureWorks is an advanced materials company offering a broad portfolio of biobased polymers and chemicals made from annually renewable resources. With performance and economics that compete with oil-based materials, naturally advanced Ingeo™ biomaterials are valued for their unique functional properties and used in products from compostable coffee capsules and food serviceware to appliances and 3D printing filament. NatureWorks is jointly owned by Thailand’s largest ASEAN leading integrated petrochemical and refining company, PTT Global Chemical, and Cargill, which provides food, agriculture, financial and industrial products and services to the world. For more information visit natureworksllc.com.
Americas & Europe
Andrea Ziadi
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +1 952-562-3330
Asia Pacific & Japan
Pauline Ning
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +86-138 1650 1881
With the combination of customer experience insights and journey orchestration, organizations can have a single view of the customer journey and use real-time interactions to improve experiences and loyalty
SAN FRANCISCO--(BUSINESS WIRE)--Medallia, Inc., the global leader in customer and employee experience, today announced the signing of a definitive agreement to acquire Thunderhead, the leader in enterprise technology for real-time interaction management and journey orchestration.
Thunderhead will strengthen Medallia’s ability to power individualized journeys and conversations at scale, across all online and offline channels, helping Medallia’s thousands of customers continue to increase their brand loyalty, sales, and growth.
“We continue to blaze the innovation trail for the customer experience world. This latest acquisition is targeted at the needs of the most pioneering enterprise companies who are looking for new ways to make customers feel known, no matter where they are interacting,” said Medallia CEO Leslie Stretch. “The combination of Medallia Experience Cloud and Thunderhead’s open technology for real-time interaction delivers feedback-driven personalization on a massive scale. Thunderhead’s journey orchestration capability ensures every enterprise can make the most of feedback data to shape their product and service offerings, customer journeys, and experiences.”
Thunderhead technology is relied upon by some of the greatest organizations in the world, including the Cleveland Cavaliers, EnBW, and Bosch. The comprehensive Thunderhead ONE platform brings together IOT, digital, contact center, and offline interactions to deliver personalized experiences at scale.
“Medallia pioneered customer experience management and continues to lead the category,” said Thunderhead CEO Glen Manchester. “Medallia's ability to capture signals from an extensive range of sources to operationalize insight and drive action has kept it at the forefront.”
“The acquisition of Thunderhead by Medallia heralds the next era of customer experience. We pioneered the idea of The Customer Operating System™, with our closed-loop customer engagement platform powered by continuous listening, feedback, and learning, all actioned through our unique fusion of journey orchestration and real-time interaction management (RTIM),” Manchester continued. “With Thunderhead, Medallia can ensure that every single aspect of the customer lifecycle — marketing, commerce, sales, and service — will be a seamless, relevant, and frictionless experience.”
The transaction is expected to close in the first quarter of this fiscal year.
Goldman Sachs & Co. LLC is serving as exclusive financial advisor to Thunderhead. Kirkland & Ellis LLP is serving as legal advisor to Medallia. Allen & Overy LLP is serving as Thunderhead’s legal advisor.
About Medallia
Medallia is the pioneer and market leader in customer, employee, citizen and patient experience. The company’s award-winning SaaS platform, Medallia Experience Cloud, is becoming the experience system of record that makes all other applications customer and employee aware. The platform captures billions of experience signals across interactions including all voice, video, digital, IoT, social media and corporate messaging tools. Medallia uses proprietary artificial intelligence and machine learning technology to automatically reveal predictive insights that drive powerful business actions and outcomes. Medallia customers reduce churn, turn detractors into promoters and buyers, create in-the-moment cross-sell and up-sell opportunities and drive revenue-impacting business decisions, providing clear and potent returns on investment. For more information visit www.medallia.com.
© 2022 Medallia, Inc. All rights reserved. Medallia®, the Medallia logo, and the names and marks associated with Medallia’s products are trademarks of Medallia. All other trademarks are the property of their respective owners.
About Thunderhead
Thunderhead is leading the movement to transform customer engagement, enabling brands for the first time to understand each customer's intent and orchestrate individualized journeys for millions of customers across billions of touchpoints, seamlessly and in real-time. Thunderhead is the recognized global leader in technology for Customer Journey Orchestration, Journey Analytics and Real Time Interaction Management. With its AI-driven ONE Engagement Hub, it's now possible for brands to deliver exceptional engagement for every customer throughout every journey. Across every industry, ONE is driving top-line growth, reducing cost-to-serve, increasing customer happiness and building customer lifetime value.
Eric Stoessel
This email address is being protected from spambots. You need JavaScript enabled to view it.
New joint venture, Lynher Energy, will invest in large-scale green energy assets amid global net-zero journey
LONDON--(BUSINESS WIRE)--Napier Park Global Capital (“Napier Park”) and Ethical Power Group (“Ethical Power”) today announced the formation of a joint venture, Lynher Energy, that plans to invest in large-scale solar and battery storage assets in the UK and Europe. Ethical Power will act as servicer to the joint venture, including the provision of services relating to development, construction, operations and maintenance, and asset management.
The partnership intends to invest in development assets to which Ethical Power can bring its extensive experience in the design, optimisation and construction of renewable energy projects to build high-quality, valuable assets.
Ethical Power Chief Executive and Founder Tom Kneen said, “I am very excited that Ethical Power will have the opportunity to work with a partner such as Napier Park, which has an extensive record in sponsoring industry-leading joint ventures in long-lived assets and working constructively with entrepreneurial management teams such as ours in achieving shared success. This joint venture will give us a real opportunity to capitalise on the extensive experience we have gained over a decade of working in the sector. It will also allow Ethical Power to accelerate the growth of our European teams and move into new markets thus achieving our target of becoming an international renewable energy generator.”
Chris Sparrow, Principal at Napier Park, added, “We are thrilled to announce this new alliance with Ethical Power, who has deep experience in the development and construction of solar and battery assets and is an ideal partner in this program. This new venture represents a continuation of our strategy to partner with leading businesses in equipment asset classes where we see the opportunity to provide our investors with strong yields and attractive risk-adjusted returns.”
The venture will invest in assets that will form a critical part of global strategies to reduce carbon consumption and transition the world to green energy sources. There is a significant investment gap in these green energy assets that must be addressed to meet these goals. Napier Park and its Real Assets investment program are focusing significant resources to the global green energy transition and to this partnership, at a pivotal moment for the UK and European renewable energy sectors. Napier Park plans to fund the investment in the venture from its Multi-Asset Fund.
About Napier Park
Napier Park is a leading alternative asset manager with approximately $19 billion in assets under management across credit funds, CLOs and real assets, predominantly within the US and European markets. Napier Park differentiates itself through its decades of specialized credit expertise, world-class infrastructure and creativity, providing effective solutions to a broad range of institutional clients. Napier Park’s Real Assets group has deployed $7 billion in equipment assets and seeks to generate attractive returns through investments in long-lived essential use industrial and transportation equipment. The Multi-Asset Fund’s existing investments include JVs with leading industry operating partners, including Air Lease Corporation, Trinity Industries, Inc., AAR Corp. and Heritage Global Inc.
Napier Park has offices in New York, London and Switzerland. For more information visit www.napierparkglobal.com.
About Ethical Power
Ethical Power is a leader in the UK market for the financing, development, construction and maintenance of renewable energy projects. With a core competency in the provision of construction and grid connection services, it is one of the only fully integrated renewable energy businesses in the UK. Ethical Power is a subsidiary of Hive Energy, one of the largest and most successful solar power developers in Europe. For more information visit www.ethical-power.com.
Media
Mickey Mandelbaum / John Perilli / Ben Howard
Prosek Partners for Napier Park Global Capital
+1 (212) 279-3115
This email address is being protected from spambots. You need JavaScript enabled to view it.
Counter Context for Ethical Power
+44 0203 815 7756
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Field Erected Cooling Tower Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the field erected cooling tower market and it is poised to grow by $237.46 million during 2022-2026, progressing at a CAGR of 2.42% during the forecast period.
The report on the field erected cooling tower market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing demand for re-engineered or refurbished field erected cooling towers and increasing number of natural gas-fired power plants.
The field erected cooling tower market analysis includes the product segment and geographic landscape. This study identifies the growing power sector and augmented power generation capacities worldwide as one of the prime reasons driving the field erected cooling tower market growth during the next few years.
Companies Mentioned
The report on field erected cooling tower market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Product
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/pu67n3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Anniversary marks 4 decades of industry-leading HVAC technology
ROCKLAND, Mass.--(BUSINESS WIRE)--Sometimes, things really do come full circle.
When Airxchange was founded 40 years ago, the Massachusetts-based company set out to develop a product that improved HVAC efficiency while simultaneously allowing building owners to increase ventilation. Today, in the midst of a global pandemic, that longstanding mission is more relevant than ever.
As the leading provider of energy recovery wheels – the workhorse of an energy recovery ventilator (ERV) – Airxchange has developed a range of products that make it affordable to introduce fresh outside air into a building. That four-decade long focus has garnered loads of attention in recent months as engineers, facility managers and others look for proven, cost-effective ways to improve indoor air quality.
“Now that we understand the importance of well-ventilated buildings, the only reason not to do so is cost and comfort,” said Randall Steele, president and CEO of Airxchange. “Our technology eliminates those obstacles to making fresh air affordable and comfortable. It feels good to have developed products that really do make a difference in people’s lives.”
How it started
Airxchange first came to the market in 1982 with a residential ERV, capable of reducing the cost of ventilation by 80%. Several years later they expanded, providing products for commercial, institutional and industrial customers.
The company became the leading provider of energy recovery wheels for original equipment manufacturers (OEMs) with the development of their famed polymer energy recovery wheel. As the only truly segmented option in the market, it takes up less space, is easier to maintain, clean and repair, and ultimately is more reliable than its metal counterparts.
How it’s going
As the pandemic took hold, the renewed interest in indoor air quality put new eyes on energy recovery ventilation.
For Steele, this was a double-edged sword: Until now, many people ignored the importance of air quality and the role of ventilation inside buildings. It’s unfortunate it took a pandemic to bring this to our attention – something Steele and other experts knew was significant to people’s well-being.
“I’m genuinely hopeful the recent pandemic has highlighted the importance of increased ventilation to the point where we will see a behavioral change in building ventilation design,” Steele said. “For too long it’s been secondary to other factors engineers consider when creating comfortable indoor climates for occupants.”
With an ever-expanding line of energy recovery products, Airxchange continues to grow. Today the company, which makes all its products in the U.S., has 80 employees serving customers worldwide.
“I’m proud to have helped develop a technology that has become an important contributor to energy efficient building design. But I am most proud of the team we’ve built,” Steele said. “When on more than one occasion an employee shares with me that Airxchange has been the best company they have ever worked for, I’d say it doesn’t get any better than that.”
Media contact:
Andrea Leung
This email address is being protected from spambots. You need JavaScript enabled to view it.
Infrastructure improvement grant from the Louisiana Port Construction and Development Priority Program will fund carbon negative site improvements
COLUMBIA, La.--(BUSINESS WIRE)--Strategic Biofuels, the leader in developing negative carbon footprint renewable fuels plants, and the Port of Columbia in Caldwell Parish (Port) have jointly announced that the Port has received a $15 million infrastructure improvement grant. The grant, intended to fund site improvements, is from the Louisiana Port Construction and Development Priority Program, which is administered by the Louisiana Department of Transportation and Development (DOTD).
Port Director, Greg Richardson said, “The infrastructure improvement grant represents a major advancement for the Port of Columbia and Caldwell Parish. It allows the Port to improve the services it can offer and ultimately improve revenues. Because of the grant’s potential impact, the Port engaged Gary LaGrange, longtime Director of the Port of New Orleans, to help us navigate the grant application process. During Gary’s 15-year tenure with the Port of New Orleans, he was responsible for more than $500 million in infrastructure improvements before he retired in 2016. Our success in securing the grant confirmed the Port Commissioners’ wisdom in engaging him.”
The Port of Columbia is the site of Strategic Biofuels’ Louisiana Green Fuels (LGF) Project, and the grant will enhance the Port’s accessibility, serviceability and covers three areas of site improvement:
Bob Meredith, Strategic Biofuels’ Chief Operating Officer and Caldwell Parish native said, “We greatly appreciate the efforts the Port has made to secure funding for infrastructure improvements. The early upgrading of Riverton Camp Road coming this summer provides strong support for LGF’s aggressive construction schedule. It allows us to begin actual plant construction as soon as the full project funding is secured, and we expect that to be in early 2023. The Port has also been a key contributor in our efforts with DOTD and Union Pacific Railroad. The strong support we’ve continued to receive from Caldwell Parish confirms the wisdom of locating the plant here.”
About the Port of Columbia:
The Port of Columbia is a Louisiana Economic Development (LED) Certified Site located six miles north of Columbia in Caldwell Parish, LA. Certified Sites are development-ready industrial sites which have passed an extensive application process and exhaustive review by an independent, third-party engineering firm. The Port of Columbia is governed by a board of commissioners who are accountable to the Caldwell Parish government.
About Strategic Biofuels:
Strategic Biofuels LLC is a team of oil and gas, petrochemical and renewable technology experts focused on developing a series of deeply negative carbon footprint plants in northern Louisiana that convert waste materials from managed forests into renewable diesel and renewable naphtha. The fuel qualifies for substantial Carbon Credits under the Federal Renewable Fuel Standard (RFS) and under the California Low Carbon Fuels Standard (LCFS).
About Louisiana Green Fuels:
Louisiana Green Fuels is the first project by Strategic Biofuels in northern Louisiana at the Port of Columbia in Caldwell Parish. The plant and its accompanying Class VI Carbon Capture and Sequestration Wells will be the first renewable fuels project in North America to achieve “negative” carbon emissions and the most carbon-negative of any liquid fuels plant in the world. The feedstock for the plant is forestry waste from managed and sustainable forests.
Uniqua Williams
This email address is being protected from spambots. You need JavaScript enabled to view it.
BOSTON--(BUSINESS WIRE)--Dive Technologies, Inc., a Boston-based subsea robotics designer and manufacturer, announced today a grant received from the DARPA (Defense Advanced Research Projects Agency) Embedded Entrepreneurship Initiative (EEI). This grant will propel Dive Technologies’ ability to continue to bring innovations and scalability of subsea technologies born for defense purposes to the commercial market.
The goal of the EEI is to accelerate Dive’s DARPA funded transformational innovations for dual-impact defense and commercial products and capabilities. This prestigious DARPA EEI award, in partnership with IQT EmergeTM, advances Dive’s recruitment of top entrepreneurs, funding, deep commercialization strategies, and connections for Dive’s commercial growth through Dive’s Robot-as-a-Service fleet and Autonomous Underwater Vehicle (AUV) sales.
“The technologies being developed at Dive demonstrate great utility across the defense and commercial markets,” says Simon Davidson, EVP at IQT Emerge. “We are excited to see how this collaboration will help accelerate the progression of innovative technologies, like AUVs, to market.”
In April 2021, Dive Technologies launched the DIVE-LD commercial AUV in a Robot-as-a-Service model which has been pursued and contracted by defense and commercial customers for seafloor data collection. Amongst others, the US Navy, DARPA, and other government customers have partnered with Dive to fulfill challenging seafloor data acquisition needs. The pier-launched, long range, 6,000m depth rated DIVE-LD is ideal for commercial operations including oil and gas pipeline inspections and offshore wind cable route and pre-construction surveys.
“Since the beginning, we have always been hyper-focused on delivering the most reliable, flexible, and technologically advanced AUV that could tackle the extremely challenging industry demands of seabed survey.” says Sam Russo, Co-Founder and CSO, Dive Technologies. “This grant, and the ability to work more closely with DARPA and EEI, will accelerate our ability to grow as an organization, scale our business and technology, and deliver something truly game changing to the defense and commercial markets.”
About Dive Technologies: Founded in 2018, Dive Technologies designs, develops, and deploys premier autonomous underwater vehicles for large-scale commercial and defense data collection. Utilizing deep domain expertise, Dive Technologies is building highly scalable and flexible, fastest to the sea, and best-in-class AUV platforms that combine purpose-driven technology with an intuitive architecture to help customers rapidly and efficiently collect underwater data. For more information, please visit www.divetechnologies.com.
Media Contact:
Sam Russo
Dive Technologies, Inc.
617.275.5500
This email address is being protected from spambots. You need JavaScript enabled to view it.
COLUMBUS, Ind.--(BUSINESS WIRE)--Today, Cummins Inc. (NYSE: CMI) named Jeff Wiltrout, Vice President- Corporate Strategy, effective immediately. Wiltrout has served in this role on an interim basis since Thad Ewald’s departure from Cummins last year.
“I am thrilled to have Jeff take this role, and I’m confident his experience and leadership capabilities make him the ideal leader for this work,” said Tom Linebarger, Chairman and CEO, Cummins Inc. “During his career at Cummins, Jeff has demonstrated excellence in leading critical strategy projects while building trust and developing strong teams around him. It is an exciting and pivotal moment in our history given the technology and industry transitions that are taking place, and Jeff will help us continue to grow and be successful.”
Wiltrout joined Cummins in 2009 and prior to his current interim role, he served as the Executive Director of Corporate Development where he was responsible for leading the Corporate Development function. In that position, he worked with business segment leaders to evaluate potential opportunities, lead deal negotiations and execute transactions through a variety of structures including acquisitions, joint ventures, minority equity investments and licensing. Wiltrout held several other roles at Cummins including Power Systems Strategy Director, Corporate Strategy Director, Product Planning Leader in Cummins Generator Technologies (CGT), Manager in Corporate Strategy, and Business Development Manager in Cummins Turbo Technologies (CTT). Prior to Cummins, Wiltrout was with National City Bank in Indianapolis.
Wiltrout earned his bachelor’s degree from the University of Notre Dame in South Bend, Indiana (U.S.), and his MBA from the Kelley School of Business at Indiana University in Bloomington, Indiana (U.S.). He resides in Columbus, Indiana (U.S.), with his wife and children.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,800 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. Learn more at cummins.com.
Jon Mills
Director, External Communications
317-658-4540
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.