Hexagon Geospatial Solutions, Maptitude from Caliper, and AutoCAD Map 3D are the 2021 Geographic Information Systems Emotional Footprint Champions.
TORONTO--(BUSINESS WIRE)--SoftwareReviews, a division of IT research and advisory firm Info-Tech Research Group, has published its 2021 Geographic Information Systems Emotional Footprint Awards, naming three vendors as Champions. The following vendors are champions according to the feedback provided by their users via SoftwareReviews' comprehensive online survey:
SoftwareReviews' Net Emotional Footprint measures high-level user sentiment. It aggregates emotional ratings from 26 provocative questions, creating a powerful indicator of the overall user feeling toward the vendor and the product.
Hexagon Geospatial Solutions, with a Net Emotional Footprint of +90, ranked strongly on being respectful. Maptitude from Caliper received a Net Emotional Footprint of +80 and exceeded user expectations in being trustworthy. With a Net Emotional Footprint of +79, AutoCAD Map 3D performed well overall, mainly for being reliable.
In general, Geographic Information Systems users were most satisfied with vendors providing remarkable service experiences. However, the users were most dissatisfied with vendors' negotiation and contract strategies.
What Is the Emotional Footprint Diamond?
The Emotional Footprint Diamond illustrates the customer experience with software vendors and a complex relationship spanning procurement, implementation, service, and support. The Net Emotional Footprint of a vendor is a result of aggregated emotional response ratings in the areas of service, negotiation, product impact, conflict resolution, and strategy and innovation, creating a powerful indicator of overall user feeling toward the vendor and its product from the software user's point of view. The data published in the Emotional Footprint Diamond is collected from real end-users through authentic software review surveys and meticulously verified. The survey uses standard net promoter scoring (positive percentage minus negative percentage) to arrive at the Net Emotional Footprint score. These skillfully crafted survey questions are informed by two decades of IT research and advisory. Vendors with top user scores receive the Emotional Footprint Award.
The Emotional Footprint Awards, an initiative proudly founded in 100% user-review data, is free of traditional components such as market presence and analyst opinion, which are opaque in nature and may be influenced by vendor pressure, financial or otherwise.
To learn more about SoftwareReviews and the Net Emotional Footprint surveys, visit https://www.softwarereviews.com/categories/geographic-information-systems.
About SoftwareReviews:
SoftwareReviews is a division of Info-Tech Research Group, an IT research and advisory firm established in 1997. Backed by two decades of IT research and advisory experience, SoftwareReviews is a leading source of expertise and insight into the enterprise software landscape and client-vendor relationships. By collecting real data from IT and business professionals, the SoftwareReviews methodology produces detailed and authentic insights into the experience of evaluating and purchasing enterprise software.
Sufyan Al-Hassan
Senior PR Coordinator
This email address is being protected from spambots. You need JavaScript enabled to view it.
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--Regulatory News:
TechnipFMC (NYSE:FTI) (PARIS:FTI) will issue its third quarter 2021 earnings release after the close of the New York Stock Exchange on Wednesday, October 20, 2021. The Company will also host its third quarter 2021 earnings conference call on Thursday, October 21, 2021, at 1 p.m. London time (8 a.m. New York time).
The event will be webcast live and can be accessed through the TechnipFMC website (investors.technipfmc.com) or at https://edge.media-server.com/mmc/p/yi8pytxd.
An archived version will be available on the website following the webcast.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC utilizes its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Category: UK regulatory
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
First Pondster-brand unit treats a mobile home park sewage lagoon with beneficial biology
CLEARWATER, Fla.--(BUSINESS WIRE)--$OCLN #water--OriginClear Inc. (OTC Pink: OCLN), Total Outsourced Water™, today announced that it recently deployed its first Pondster™ brand modular lagoon treatment system at a Mobile Home Park (MHP) or trailer park, in Troy, Alabama. At the heart of the system is an innovative biofilm treatment process which holds promise as a core technology offering of the Company.
Video of the commissioning: https://youtu.be/vk_KHk7ADA0
After just eight days, the lagoon exhibited rapid improvement in water quality (see before and after image), which is continuing.
“It’s just amazing the change in just eight days,” said Claudia, a manager of the company that owns the Troy-based MHP. “It's tremendous. We did not anticipate changes as we were told between 30 and 60 days. And just to see what happened in eight days, we are extremely excited.”
Claudia added, “If I could just give you an analogy as to how our experience has been over the last 8 days, imagine a soaking kitchen pan that was very oily and you have it with water. And all of a sudden you drop three drops of dish detergent and it starts bubbling. And all of a sudden it starts separating the grease. That's how it looks like on the surface from the duckweed. We obviously cannot tell you anything about the bacteriology levels and where they are right now, because they haven't tested. But visually just the duckweed removal is something amazing.”
“We are excited to see Pondster take off like this,” said Tom Marchesello, OriginClear Chief Operating Officer. “We plan to offer models for Mobile Home Parks, water features at housing developments, and animal farms for first-stage disinfection and clarification of manure effluent.”
“The owners came to us having exhausted all other options for upgrading the lagoon,” stated Daniel M. Early P.E., OriginClear Chief Engineer. “At the time, we were studying the treatment of lagoons using an innovative biofilm treatment process installed in a Modular Water Systems structural plastic tank system. We called it the 'Pond Monster,' or Pondster. Basically, the lagoon water circulates continuously through the treatment unit, where an aeration system provides the oxygen the biofilm of beneficial bacteria needs to grow and thrive. Over time, the lagoon water clears up as the biofilm system consumes the nutrients that the algae present in the lagoon need to survive, while at the same time releasing beneficial dissolved oxygen and bacteria into the lagoon, where the bacteria continues to purify.”
“Like many other mobile home parks in America, this one was designed decades ago to collect its human waste in an open-air sewage lagoon located on the property,” Early went on. “Operating essentially as a septic cesspool with no form of advanced treatment capability, the foul-smelling lagoon continually increased pollution concentrations to the point where it was no longer in compliance with increasingly stringent discharge permit limits as enforced by the State of Alabama. Faced with this daunting challenge, this MHP had to find a way to treat the lagoon so that its discharge water could be safely released into the environment ─ hard to do inexpensively.”
Early further commented, “Making a sewer connection to the local public sewer utility was not an affordable option. The distance from the MHP to the city sewer was nearly a mile away and the connection would easily have cost $750,000 or more. This is a typical case of a water user being forced to treat their own waste water, which I encounter daily as a growing trend.”
For more information about Pondster, please go to www.originclear.tech/contact-us or call (323) 451-7050.
About OriginClear, Inc. OTC Pink: OCLN
America’s infrastructure is broken. And our government is spending nearly 100 billion dollars to fix the nation’s 150,000-plus water systems; but runaway inflation is defeating that effort. So, local businesses are taking Direct Action to clean and recycle their own water. We’re helping them “cut the cord,” by developing outsourced pay-per-gallon programs and a future digital currency to streamline payments. To learn more about OriginClear®, please visit our website at www.originclear.com.
For more information, visit the company’s website: www.OriginClear.com
Follow us on Twitter
Follow us on LinkedIn
Like us on Facebook
Subscribe to us on YouTube
Signup for our Newsletter
OriginClear Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements. When used in this release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein.
These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization, and if or when the Company will receive and/or fulfill its obligations under any purchaser orders. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable laws.
Media Contact
The Pontes Group
Lais Pontes Greene, (954) 960-6083
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.thepontesgroup.com
Investor Relations and Press Contact:
Devin Angus
Toll-free: 877-999-OOIL (6645) Ext. 3
International: +1-323-939-6645 Ext. 3
Fax: 323-315-2301
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.OriginClear.com
NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (PARIS:FTI) will issue its third quarter 2021 earnings release after the close of the New York Stock Exchange on Wednesday, October 20, 2021. The Company will also host its third quarter 2021 earnings conference call on Thursday, October 21, 2021, at 1 p.m. London time (8 a.m. New York time).
The event will be webcast live and can be accessed through the TechnipFMC website (investors.technipfmc.com) or at https://edge.media-server.com/mmc/p/yi8pytxd.
An archived version will be available on the website following the webcast.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC utilizes its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Catie Tuley
Director, Public Relations
Tel: +1 281 591 5405
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Company offers complementary suite of solutions to advance the hydrogen economy
Hydrogen-powered fuel cells follows the company’s July launch of the Bloom Electrolyzer, offering highly efficient hydrogen generation
Solid-oxide platform is an integral part of commitment to sustainability and a zero-carbon future
SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Bloom Energy (NYSE: BE) announced the commercial availability of its Hydrogen Energy Servers — 100 percent hydrogen-powered fuel cells that deliver on-site, 24/7, zero-carbon electricity — all in a simple, modular, and flexible design.
Orders are being accepted with commercial shipments expected to begin in 2022.
Dozens of countries across the globe have committed to net-zero emissions goals by 2050, and more than 30 countries have hydrogen-specific strategies that are being activated. Hydrogen is well-suited for an array of applications, including transportation, and unlocks a net-zero emissions future for hard-to-decarbonize heavy industries.
Electricity production is the second largest contributor to greenhouse gas emissions in the United States, with 62 percent of electricity produced through the combustion of fossil fuels. Hydrogen technologies, like hydrogen-powered fuel cells, significantly reduce the environmental impacts associated with electricity production and eliminate greenhouse gas emissions.
As the hydrogen economy grows, the need for hydrogen for energy storage and power generation will accelerate. For power generation, as production of hydrogen becomes ubiquitous, Bloom Energy’s Hydrogen Energy Servers will be another option in moving to net zero emissions.
“Bloom Energy has a complementary suite of solutions and strong partner ecosystem supporting both ends of the hydrogen economy — clean hydrogen production and efficient hydrogen utilization,” said Deia Bayoumi, vice president of product management, Bloom Energy. “With these offerings and collaborative solutions, our technology can be applied for today’s needs and in the future as the hydrogen economy becomes more robust.”
Renewable energy sources, such as solar and wind, are critical to clean power generation. However, these sources are also inherently intermittent, with periods of excess energy production that generate more electricity than transmission lines can carry. Curtailment is therefore needed to balance generation with consumption. By pairing renewables with the Bloom Electrolyzer, curtailment can be avoided; hydrogen can be produced at scale, compressed and stored for long duration during periods of excess renewable production.
The addition of hydrogen-powered fuel cells allows the stored hydrogen to be converted into 24/7, zero-carbon electricity that can be used when energy is needed. This also enables for islanded or remote communities with renewable resources to self-generate fuel for reliable electricity, without needing to import fuel to their local community.
“Our technology is distinctively suited to help hydrogen adopters thrive in the hydrogen economy,” said Venkat Venkataraman, executive vice president and chief technology officer, Bloom Energy. “Bloom Energy’s hydrogen-powered fuel cells are built on the company’s solid-oxide platform that has higher efficiencies compared to other fuel cell technologies, generating more electricity from less hydrogen, and provides reliable power helping organizations reach to meet their zero-carbon objectives.”
Bloom Energy’s solid-oxide platform is positioned to address both the realities of today’s energy infrastructure, and aspirations for the future energy ecosystem. Bloom Energy Microgrids demonstrate that needed modular and redundant power is possible today and they provide a cleaner replacement to back-up diesel generators. Looking ahead, the fuel flexibility of Bloom Energy Servers enables an accelerated transition to the hydrogen economy with the use of natural gas, biogas, hydrogen, or a blending of these fuels.
Bloom Energy’s Hydrogen Energy Servers have undergone testing as part of a pilot project with SK ecoplant in Ulsan, South Korea for the last five months with successful results. Throughout operation, the hydrogen-powered fuel cells provided 24/7, zero-carbon electricity at efficiency levels exceeding expectations.
To learn more about the company’s commitment to a zero-carbon future, visit: https://www.bloomenergy.com/technology/powering-the-future/
For more information on Bloom Energy’s sustainability efforts, visit: https://www.bloomenergy.com/sustainability/
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom Energy’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom Energy’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to, Bloom Energy’s expectations regarding its hydrogen-powered fuel cells and their ability to play a complementary role in advancing the hydrogen economy; expectations regarding the hydrogen economy; expectations regarding the electrolyzer’s ability to aid in optimizing renewables, decarbonizing heavy industries, and fueling the expanding hydrogen economy; and expectations for commercial shipments of the electrolyzer to begin in 2022. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section of Bloom Energy’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and other risks detailed in Bloom Energy’s SEC filings from time to time. Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.
Media Contact:
Erica Osian
(401) 714-6883
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations:
Edward Vallejo
(267) 370-9717
This email address is being protected from spambots. You need JavaScript enabled to view it.
SPRING, Texas--(BUSINESS WIRE)--Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is pleased to announce today that its subsidiary Perma-Pipe Egypt has recently been awarded approximately $5.0 million in contracts for the provision of thermally insulated pipes, field joints, and leak detection systems for district cooling networks by Consolidated Contractors Company (CCC) Group S.A.L. and Gascool Company in Old City Al Alamein and the Embassies District of the New Administrative Capital of Egypt.
The project will utilize Perma-Pipe’s XTRU-THERM® insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing. Perma-Pipe will also be responsible for the supply, installation, and commissioning of Perma-Pipe’s own “PermAlert®” leak detection system for the insulated pipelines. The projects will begin execution in Perma-Pipe’s facilities in Beni Suef, Egypt in Q3 2021.
Adham Sharkawy, General Manager for Perma-Pipe Egypt states, “Perma-Pipe Egypt looks forward to continuing our strong partnership with both CCC and Gascool. We are very proud to be a part of such strategic and significant projects during this exciting period of development and growth for Egypt.”
Saleh Sagr, Sr. Vice President for Perma-Pipe’s MENA region states, “We are extremely proud to be playing our part to develop Egypt’s infrastructure which continues to attract more investment. We are also very pleased that our local presence enables us to deliver projects with greater efficiency to meet the needs of our Egyptian customers.”
David Mansfield, President and CEO commented, "We thank our customers for these awards and for continuing to place their trust in Perma-Pipe. When customers repeat business it reaffirms that Perma-Pipe is meeting their expectations and providing quality products. We are pleased to see confidence in the markets returning and an increase in project opportunities following the challenging period presented by the COVID-19 pandemic.”
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a global leader in pre-insulated piping and leak detection systems for oil and gas gathering, district heating and cooling, and other applications. It uses its extensive engineering and fabrication expertise to develop piping solutions that solve complex challenges regarding the safe and efficient transportation of many types of liquids. In total, Perma-Pipe has operations at thirteen locations in six countries.
David Mansfield, President and CEO
Perma-Pipe Investor Relations
847.929.1200
This email address is being protected from spambots. You need JavaScript enabled to view it.
LOS ANGELES--(BUSINESS WIRE)--Demonstrating a very strong commitment to diversity and opportunity in the transportation sector, Los Angeles SkyRail Express (LASRE) is partnering with 33 Disadvantaged Business Enterprises (DBEs) as it performs pre-development work on an innovative monorail transportation solution for LA’s traffic-congested Sepulveda Pass/405 Corridor between the San Fernando Valley, Westside, and ultimately LAX.
Going beyond meeting minimum requirements called for in its Pre-Development Agreement (PDA) contract with the Los Angeles County Metropolitan Transportation Authority (Metro), LASRE is proactively affording every practicable opportunity for the DBE community to participate in the Sepulveda Transit Corridor Project.
“Diversity and inclusion are core values for the LASRE team,” said Teresa Maxwell, LASRE DBE Liaison Manager. “DBEs are an integral part of the team and the LASRE Academy workshops and DBE mentoring plan demonstrate our commitment to including small minority and women-owned firms and supporting them throughout every phase of the project so they are successful.”
The LASRE team is comprised of several of the nation’s and the world’s leading transportation, construction, engineering, finance, and technology companies. This predominantly local team is led by John Laing, Skanska, BYD, Gensler, HDR, ACI, and Innova.
Each firm is either headquartered in Los Angeles or has a major regional center here. Combined, the team employs over 2,300 workers in the Los Angeles metro area.
LASRE’s DBE Contracting Outreach and Mentoring Plan builds further upon this commitment by engaging individual DBEs as protégés in a customized Mentor-Protégé Program that addresses their unique needs and focuses on helping the DBE protégés meet strategic business objectives. Additionally, through the LASRE Academy, workshops will be offered to DBE teaming partners to ensure capacity building opportunities are available to small businesses on the project.
If ultimately selected as Metro’s preferred team and technology, LASRE proposes to link the historically underserved San Fernando Valley to the Westside transportation and education hubs, including options to connect directly with UCLA, with a straddle monorail system that runs on narrow guide beams that both support and guide the trains.
Straddle-type urban monorail is proven to provide safe, comfortable and reliable transportation in dense urban areas all over the world, with the International Monorail Association listing straddle-type urban monorail transit systems in 42 cities worldwide, moving millions of passengers per day.
LASRE team members have worked on several such projects. For example, the Team's lead structural engineering firm, Innova, itself a certified DBE, has provided structural design services on new monorail systems under construction in some of the world's largest cities, including Bangkok, Cairo, and Sao Paulo. Further, BYD has extensive experience with such systems, including 14 contracted straddle-type monorail and automated people mover systems in operation, construction, or planning, in both Asia and the Americas.
In addition, LASRE technology supplier BYD also is a member of two teams that have been short-listed to build advanced technology automated people mover projects on the East Coast. BYD is part of Liberty Integrated Connectors, a team vying to build, operate, and maintain a new AirTrain system at Newark Liberty International Airport in New Jersey; and also is a member of The LaGuardia Connectors, a team vying to build, operate, and maintain an AirTrain system for New York’s LaGuardia Airport.
Finally, LASRE’s selected lead construction company, Skanska, has compiled a very strong track record of success in Los Angeles County, both as a builder of several of Metro’s rail rapid transit lines, and as the builder of many Caltrans and local highway and bridge projects, employing thousands of local construction workers and many DBE firms.
Disclaimer
Because Metro has not completed a CEQA review, the information contained herein does not constitute or evidence an approval by Metro of, or commitment of Metro to, any action for which prior environmental review is required under CEQA. Metro retains the absolute sole discretion to make decisions under CEQA, which discretion includes, without limitation (i) deciding not to proceed with the Project (known as the “no build” alternative) and (ii) deciding to approve the Project. There will be no approval or commitment by Metro regarding the development of the Project, unless and until Metro, as the Lead Agency, and based upon information resulting from the CEQA environmental review process, considers the impacts of the Project.
Jim Skeen
This email address is being protected from spambots. You need JavaScript enabled to view it.
PLANO, Texas--(BUSINESS WIRE)--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced the publication of its 2021 Corporate Responsibility Report. The report demonstrates the Company’s continued dedication to disclosure aligned with leading sustainability reporting frameworks, with preparation in accordance with the Global Reporting Initiative Sustainability Reporting Standards ("GRI Standards") as well as indicators and recommendations from the Sustainability Accounting Standards Board (“SASB”) and the Task Force on Climate-related Financial Disclosures (“TCFD”).
The report focuses on Denbury’s performance during the 2019 and 2020 calendar years and encompasses the foundation of our corporate responsibility strategy: Our Company, Our People, Our Environment and Our Communities. Highlights include:
Chris Kendall, Denbury’s President and CEO commented, “I am proud to share our 2021 Corporate Responsibility Report, highlighting Denbury’s accomplishments and commitments in operating as a responsible and sustainable enterprise. As the world demands energy to fuel tomorrow’s economy and provide a better quality of life, Denbury is uniquely positioned to provide energy while also reducing atmospheric CO2 emissions. With Denbury’s strategically located assets and extensive experience, we are extremely well positioned to lead in the reduction of CO2 emissions through Carbon Capture, Utilization and Storage. Today, our use of industrial-sourced CO2 in enhanced oil recovery fully offsets our Scope 1 and 2 emissions and we have a goal to become Scope 3 net carbon negative by the end of this decade by expanding our use of industrial-sourced CO2. We are dedicated to being a leader in sustainability and welcome your feedback as we continue to create a new energy future.”
To read the 2021 Corporate Responsibility Report, please visit: https://csr.denbury.com/
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over three million tons of captured industrial-sourced CO2 annually, and its objective is to fully offset its Scope 1, 2, and 3 CO2 emissions within this decade, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
Follow us on Twitter and LinkedIn.
DENBURY CONTACTS:
Brad Whitmarsh, Executive Director, Investor Relations, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Susan James, Manager, Investor Relations, 972.673.2593, This email address is being protected from spambots. You need JavaScript enabled to view it.
Exelon Generation is now hiring hundreds of employees and investing hundreds of millions of dollars to prepare Byron and Dresden for long-term operations
WARRENVILLE, Ill.--(BUSINESS WIRE)--Now that the Illinois General Assembly has passed sweeping clean energy legislation preserving its nuclear plants, Exelon Generation is moving quickly to fill 650 vacant positions across the state and jumpstart more than $300 million in capital projects over the next five years at its Illinois nuclear stations to continue its legacy of safety and reliability.
“With this landmark legislation in place, we are moving quickly to restaff and refuel all of our nuclear plants for 24/7 operation, producing carbon-free, baseload electricity for more than 10 million homes and businesses,” said Dave Rhoades, Exelon Generation’s Chief Nuclear Officer. “These plants are not only important for the clean energy they produce, but they are massive economic engines for their local communities, contributing more than $1.6 billion to Illinois’ GDP each year.”
Byron Station began refueling Unit 1 after Gov. J.B. Pritzker signed the clean energy legislation. While the nuclear support provision represents less than 20 percent of the cost of the overall legislation in the coming years, it has an outsized impact on the state’s climate and economic goals. Saving the plants preserves two-thirds of the state’s clean energy, avoids a 70 percent rise in emissions, protects 28,000 direct and indirect jobs, and prevents a $480 million increase in annual energy prices for consumers.
Photos and B-Roll from Byron’s refueling outage can be found HERE.
With the legislation having taken effect, Byron Station plans to invest more than $140 million into the plant in the next five years on projects overhauling a main generator, replacing large transformers, upgrading a fiber optic control system and replacing various pumps, motors and piping in the plant. Most of the projects will occur during refueling outages starting next year that will include more than 1,500 electricians, pipe fitters, welders, carpenters and other tradespeople coming to Byron from across Illinois to perform the work.
“We’re incredibly pleased to see all the union contract workers at Byron Station helping the full-time employees refuel Unit 1,” said Byron Mayor John Rickard. “It would have been terrible for the environment and devastating for our community had the plant been allowed to shut down. We’re relieved the plant gets to continue supporting our community with jobs, philanthropy and tax funding for our schools and essential services, while producing clean energy at a time when clean energy is needed more than ever.”
Dresden’s Unit 2 refueling outage will occur in November, and the station has nearly $170 million in capital projects planned over the next five years, including upgrades to six feedwater heat exchange vessels, significant refurbishment of a main generator, electrical component overhauls, replacement of closed cooling piping and revamping nuclear instrumentation circuit components. As with Byron, the work on these projects will be performed during refueling outages by union personnel.
“Exelon refueling outages put thousands of people to work in Illinois, providing jobs to skilled local and regional union and tradespeople,” said Terry McGoldrick, President and Business Manager of IBEW Local 15. “Keeping these plants open was the right decision, and I’m pleased the General Assembly made this investment in the future of our workforce, our communities and our nuclear plants.”
Byron and Dresden will also soon begin the first of multiple new training classes for dozens of licensed operators who will become the next generation of employees operating the plants and helping to keep our state’s air clean.
People interested in applying for positions at Exelon Generation can visit the careers page on Exeloncorp.com and search for nuclear.
Exelon’s Illinois nuclear fleet produces more than 50 percent of the state’s electricity and nearly 90 percent of its carbon-free power. The fleet includes Braidwood Generating Station in Will County, Byron Generating Station in Ogle County, Clinton Power Station in DeWitt County, Dresden Generating Station in Grundy County, LaSalle County Generating Station and Quad Cities Generating Station in Rock Island County.
Exelon Generation, a subsidiary of Exelon Corporation (Nasdaq: EXC), is the nation’s largest producer of carbon-free energy, powering more than 20 million homes and businesses through a diverse generation fleet with approximately 30,000 megawatts of capacity. Exelon Generation owns and operates the largest U.S. fleet of zero-carbon nuclear plants with more than 17,800 megawatts from 21 reactors at 12 facilities in Illinois, Maryland, New York and Pennsylvania. It also owns and operates a diverse mix of wind, solar, hydroelectric, natural gas and oil facilities in 18 states with approximately 12,000 megawatts. Exelon Generation sets the standard for world-class power plant operations that produce clean, safe, reliable electricity, and is an active partner and economic engine in the communities it serves by providing jobs, charitable contributions and tax payments that help towns and regions grow. Follow Exelon Generation on Twitter @ExelonGen, view the Exelon Generation YouTube channel or visit exeloncorp.com.
Brett Nauman
Exelon Generation Communications
309-433-6894
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Thursday, November 4, 2021 to discuss third quarter 2021 earnings. The company plans to release its financial and operating results before the market opens that morning.
A webcast link and related presentation material will be included on the Investors page of the company’s website at http://ir.murphyoilcorp.com.
Date: Thursday, November 4, 2021
Time: 9:00 a.m. EDT
Toll Free Dial-in: 888-886-7786
Conference ID: 88455077
ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. Murphy sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and natural gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the US or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the US Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.
Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470
REDWOOD CITY, Calif.--(BUSINESS WIRE)--#UEPower--ENEOS Holdings, Inc. (“ENEOS”) and Nippon Sheet Glass Co., Ltd. (“NSG”) have begun Japan's first installation of transparent solar panels for use as building windows. The transparent solar windows were developed and fabricated by Ubiquitous Energy, and installed at NSG’s facility in Japan with funding support provided by ENEOS.
The purpose of the installation is to verify the energy savings performance (heat blocking and insulation) and power generation capabilities of Ubiquitous Energy’s transparent solar windows under Japan's sunlight and weather conditions. ENEOS and NSG will perform quantitative evaluation together at NSG's Chiba Plant over a one year period (from September 1, 2021, to August 31, 2022). The companies are considering performing additional installations in buildings and the potential to connect them to solar power generation systems with a view to providing power in the future.
Ubiquitous Energy’s transparent photovoltaic coating, UE Power™, developed over a decade with the glass industry after being invented at MIT, generates electricity from non-visible light while looking virtually invisible. The UE Power™ coating generates electricity on the full surface of the window glass without patterns, borders or color tints. The electricity gets collected and transmitted through wiring built discreetly into the window frame, and it can then be fed into the building to power a variety of products or increase the overall energy efficiency of the building. UE Power™ windows can be installed in buildings such as high-rise buildings, which eliminates the need to secure large areas of land for installation and makes it possible to generate more power on small building lots than horizontally-installed solar panels.
By leveraging the power business and renewable energy business know-how of ENEOS and the knowledge gained through the joint development of solar power generation glass by NSG and Ubiquitous Energy, this initiative aims to create and commercialize a new way of generating solar power.
About Ubiquitous Energy
Founded in 2011, Ubiquitous Energy was started by a group of MIT and MSU scientists and engineers looking for new ways to reduce humanity’s carbon footprint by seamlessly integrating solar power technology into everyday products and surfaces. Ubiquitous Energy has the world’s leading transparent solar technology – the conversion of light into electricity using semiconducting materials all while maintaining visible transparency. To both residential and commercial building occupants, Ubiquitous Energy’s solar windows provide a clear, vibrant experience that is expected from traditional Low-E windows, but with self-contained, on-board power and smart functionality. For more information please visit us at https://ubiquitous.energy/ or connect with us via Linkedin.
Jenna Guarneri
JMG Public Relations
917-575-7526
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Crescent Pass Energy, LLC (Crescent Pass) announced today that it has closed on the acquisition of producing assets in the northern area of the Eagle Ford play from Tulsa based Armor Energy LLC, as well as three bolt-on acquisitions in the Cotton Valley trend in East Texas. These transactions increase the corporate footprint to 974 operated wells and net production to approximately 6,400 barrels of oil equivalent per day (BOEPD), evenly weighted between oil and natural gas. The assets are supported by more than 140,000 net held-by-production (HBP) acres in various counties across Texas and Louisiana. In 2021 to date, Crescent Pass has deployed approximately $85 million on acquisitions, with substantial remaining equity capital reserved for future opportunities.
“We are pleased to have closed on our first Eagle Ford acquisition and look forward to continuing to expand our footprint of high-quality producing assets, both along this trend and across the Lower 48,” said Tyler Fenley, Crescent Pass Chief Executive Officer. “This transaction reinforces our asset-focused strategy which, along with our conservative approach to leverage and hedging, allows us to remain flexible and execute on our broader strategic growth objectives.”
Andrew Heyman, Partner at Talara Capital Management commented, “Crescent Pass continues to make accretive acquisitions and improve the existing asset base. This team is at the cutting edge of applying the latest technologies related to revenue enhancements, cost reductions, and ESG matters. We expect to continue working closely with Crescent Pass to source assets and execute on the business plan in an environmentally responsible manner.”
About Crescent Pass
Houston-based Crescent Pass is a private exploration and production company financially partnered with Talara Capital Management. Crescent Pass acquires, integrates, and optimizes PDP-weighted assets throughout the United States. This systematic approach generates superior returns through immediate free cash flow generation, low declines and operational synergies across our diversified asset base. For more information, please visit our website www.crescentpass.com.
Meggan Morrison
Redbird Communications Group
This email address is being protected from spambots. You need JavaScript enabled to view it.
(972) 639-8715
Seguridad primero. 安全第一
SAN FRANCISCO--(BUSINESS WIRE)--The primary language Californians speak and read should not be an obstacle when accessing emergency preparedness resources. During Hispanic Heritage Month, PG&E is rolling out new features on its Safety Action Center website with safety information in both Spanish and Chinese. September is also National Preparedness Month, and it is important that all Californians are prepared for emergencies and natural disasters.
With over 2 million site visits, The Safety Action Center is an online preparedness resource helping our customers keep their families, homes, and businesses safe during natural disasters and other emergencies. The site includes tips on how to create a personalized emergency plan, what to pack in an emergency supply kit, and how to prepare in advance for power outages and Public Safety Power Shutoffs.
Other popular safety modules are:
To learn more about emergency preparedness tips, please visit the Safety Action Center (safetyactioncenter.pge.com).
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
Ordinances Align with Operational Plans of Piedmont Lithium’s proposed Carolina Lithium Project
BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today responded to new quarry and mining ordinances approved by the Gaston County Board of Commissioners. The ordinances are not specific to Piedmont Lithium’s proposed project but consider all quarry and mining operations in the County as part of a more comprehensive update of Gaston County’s Unified Development Ordinance.
“The new ordinances enacted by Gaston County’s Board of Commissioners are in the best interests of Gaston County’s citizens and its environment, and we appreciate the guidance and clarity the ordinances provide,” said Piedmont President and CEO, Keith Phillips. “We believe the safety and environmental standards currently outlined in our proposed Carolina Lithium Project will meet or exceed the standards set in the newly passed regulations, which align with Piedmont Lithium’s core values and initiatives for sustainable social and environmental practices.”
The Company will continue working with the Gaston County Board of Commissioners for potential future rezoning and with the State of North Carolina regarding Piedmont Lithium’s State Mining Permit application, which was submitted on August 31, 2021.
“We welcome the Commission’s request for a public hearing regarding our State Mining Permit application, and we have also, in fact, formally requested a public hearing ourselves,” said Phillips. “These hearings are common in such permit application proceedings and provide another opportunity for us to receive feedback regarding our Carolina Lithium Project application from the County and members of the community.”
About Piedmont Lithium
Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and creation of a clean energy economy in North America. The centerpiece of our operations, the Carolina Lithium Project, is located in the renowned Carolina Tin-Spodumene Belt of North Carolina, and when combined with equally strategic and in-demand mineral resources from our long-term supply contracts and equity investments in lithium-based assets in Quebec and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American and European electric vehicle and battery storage supply chains. The unique geology, geography and proximity of our resources, future production operations and customer base, will allow us to deliver a valuable continuity of supply of high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most electric vehicle manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of the International Responsible Mining Association and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information, www.piedmontlithium.com.
Keith Phillips
President & CEO
T: +1 973 809 0505
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Brian Risinger
VP - Investor Relations and Corporate Communications
T: +1 704 910 9688
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
AMES, Iowa--(BUSINESS WIRE)--$REGI #biodiesel--Renewable Energy Group, Inc. (REG) (NASDAQ: REGI) today announced the closing of its 35 million gallon per year nameplate capacity facility located near Houston, Texas.
The company acquired and commissioned the plant in 2008 and has been operating it since.
“We have made the decision not to renew the lease for our REG Houston biorefinery, which would have imposed an uncompetitive fixed cost on the plant,” said REG President & CEO Cynthia ‘CJ’ Warner. “The plant has run very well but has always been relatively challenged due to its leasing agreement coupled with a lack of REG’s hallmark multi-feedstock processing capability.”
The company is currently working with plant employees on relocation opportunities within the production network. The company will completely shut down the Houston plant in November 2021.
“It is never an easy decision to shut down a plant. We greatly appreciate the team at REG Houston for their dedication to safety and operational excellence,” said Warner. “Within our larger system, we remain focused on executing our growth strategy and we will continue to work with our existing customers and vendors to provide clean fuel solutions that are delivering meaningful carbon reduction today.”
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the expected timing and success of the closure of our Houston facility and our ability to execute on our growth strategy. These forward-looking statements are based on current expectations and assumptions and are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, our ability to successfully close the Houston facility and other risks described in REG's annual report on Form 10-K for the year ended December 31, 2020, quarterly reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, and from time to time in REG's other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and we do not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
This email address is being protected from spambots. You need JavaScript enabled to view it.
515-239-8184
- KKR-sponsored Virescent sets up India’s first renewable-focused infrastructure investment trust
- Raises INR4.6 billion (~US$62 million) from AIMCo and other investors
- First renewable energy platform in India to have dual ‘AAA’ credit rating
- Advanced discussions for potential acquisition of 55 MWp from Focal Energy
MUMBAI--(BUSINESS WIRE)--Virescent Infrastructure (“Virescent”), a leading Indian renewable energy platform sponsored by global investment firm KKR, has set up India’s first renewable energy infrastructure investment trust (“InvIT”), Virescent Renewable Energy Trust (“VRET”). VRET has raised INR4.6 billion (US$62 million) from a group of foreign and domestic investors. Leading the transaction, on behalf of its clients, is Alberta Investment Management Corporation (“AIMCo”), one of Canada’s largest institutional investment managers.
KKR set up Virescent in October 2020 to acquire operating renewable energy assets in India. This comes at a time where renewables is set to play an increasingly critical role in powering India’s energy needs and estimated to make up 60% of India’s installed power capacity by 2030. KKR invests in VRET from its Asia Pacific Infrastructure Investors Fund.
VRET’s initial portfolio comprises of nine operational solar projects, with an aggregated capacity of approximately 395 MWp. The assets are located in Maharashtra, Tamil Nadu, Uttar Pradesh, Gujarat and Rajasthan. In addition, subject to applicable approvals, VRET is in advanced discussions to acquire 55MWp portfolio from Focal Energy.
VRET has been assigned a ‘AAA/Stable’ rating for its loan facilities from CRISIL and India Ratings, S&P and Fitch’s India affiliates, respectively. VRET is the only Indian renewable energy InvIT and among a few infrastructure companies to have been assigned this highest ‘AAA’ rating, reinforcing its healthy cash flow prospects owing to long-term power purchase agreements at pre-determined tariffs, its track-record of enhanced generation capabilities, a healthy financial risk profile and low leverage supported by adequate liquidity. The ‘AAA’ rating considers the portfolio to grow up to 2 GWp over the next two to three years.
Sanjay Grewal, CEO, Virescent Infrastructure, said, “This incredible achievement is an important milestone in Virescent’s journey. VRET is India’s first renewable energy focused InvIT and one of the few entities in the infrastructure sector to get the highest ‘AAA’ rating from two rating agencies, CRISIL and India Ratings. We look forward to drawing on the global investment management expertise of our investors as we continue to acquire high-quality assets for achieving our initial growth targets. Our endeavour is to support the Government in achieving its medium and long term renewable energy objectives of 175 GW and 450 GW respectively.”
Hardik Shah, Managing Director, KKR Infrastructure, said, “Virescent continues to be an important part of our infrastructure strategy in Asia Pacific and how we contribute purposefully to India’s ambitious targets in the renewables sector. Investing in VRET alongside AIMCo and other institutional investors will help us to capitalise on this huge market opportunity. We will continue to support Virescent and its management team in providing greater renewable energy solutions to communities across India.”
Ahmed Mubashir, Director, Infrastructure & Renewable Resources at AIMCo, said, “AIMCo is excited to expand its geographic footprint in Asia through its investment in India’s first renewable energy InvIT. VRET’s portfolio of operating renewable energy assets whose economics are underpinned by long-term power purchase agreements are well aligned with our clients’ investment objectives. We look forward to partnering with KKR and Virescent to further grow the platform and provide renewable energy solutions to India in the coming years.”
Axis Capital acted as the lead manager to the issue. Shardul Amarchand and E&Y acted as the legal advisors and tax advisors, respectively to the issue.
****
About Virescent
Virescent Renewable Energy Trust is an infrastructure investment trust (InvIT) established as a trust under the Indian Trusts Act, 1882 with the objective of undertaking investment activities as an InvIT in accordance with the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.
Virescent Infrastructure Investment Manager Private Limited is a private limited company incorporated under the provisions of Companies Act, 2013 and will act as the investment manager of Virescent Renewable Energy Trust. Headquartered in Mumbai, Virescent will expand its diversified portfolio of operational renewable energy assets by identifying investment opportunities that have stable cash flows stemming from long-term contracts with state and central government counterparties across India.
About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
About Alberta Investment Management Corporation (AIMCo)
Alberta Investment Management Corporation, AIMCo, is one of Canada's largest and most diversified institutional investment managers with more than CAD $123 billion of assets under management, as at June 30, 2021. AIMCo invests globally on behalf of 32 pension, endowment and government funds in the Province of Alberta.
The AIMCo Infrastructure group manages a portfolio of over CAD $9.6 billion in investments, comprised primarily of long-term equity positions in OECD-based infrastructure assets. These assets typically provide essential services to the public, have an operating history, and are either regulated or have highly contracted revenues with the potential for long-term capital appreciation. AIMCo infrastructure investments are intended to match long duration real return asset characteristics with inflation-indexed pension liabilities.
Media:
Prose Integrated (For Virescent Infrastructure)
Shirley C Dsilva
+91 9870060007
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.
For KKR:
Anita Davis
+852 3602 7335
This email address is being protected from spambots. You need JavaScript enabled to view it.
Wei Jun Ong
+65 6922 5813
This email address is being protected from spambots. You need JavaScript enabled to view it.
For AIMCo:
Denes Nemeth
+1 780 932 4013
This email address is being protected from spambots. You need JavaScript enabled to view it.
After successful financial close, HDF Energy starts construction of CEOG (French Guiana), the world’s first baseload renewable energy power plant using hydrogen technology
BORDEAUX, France--(BUSINESS WIRE)--HDF Energy (mnemonic code: HDF) and its equity partners, the infrastructure fund Meridiam and the petroleum operator SARA (Rubis Group) today announced the start of the construction of CEOG Renewstable® Power Plant in French Guiana. CEOG is the world’s first multi-megawatt hydrogen power plant, and the largest green hydrogen storage of intermittent electricity sources (128MWh).
Damien HAVARD, CEO of HDF Energy said: “CEOG demonstrates that HDF Renewstable® solution addresses a very large market being all the grids currently powered by fossil fuel power plants. By supplying non-intermittent renewable energy, CEOG – which we are already replicating across the world – opens a new era for renewable energies. We thank our partners Meridiam and SARA (Rubis Group) that have brought a significant value to the development of CEOG, allowing us to launch today this new model of electricity production. “
The Renewstable® power plant, designed and developed by HDF, will supply a 100% renewable, stable and dispatchable power to 10 000 households at a lower cost than the diesel power plant, but without emitting any greenhouse gas, fine particle, noise or fumes. A Renewstable® power plant produces electricity using local sources of clean energy to fully sustain the local needs, reducing exposure to oil price volatility, supply risks, and saving foreign exchange.
Representing a total investment of US$200 million, CEOG is an optimised combination of a solar park, a hydrogen long-term energy storage and a battery (short-term energy storage) to produce 24/7 baseload power. It is the first time that a renewable energy project supplies a grid through a capacity-based Power Purchase Agreement, usually used for thermal power plants. This type of electricity offtake contract guarantees the availability and stability of the electricity produced by CEOG. This last characteristic is essential for powering isolated grids or reducing congestion on large networks.
CEOG is currently being duplicated in about 20 countries such as Mexico, Caribbean island nations, Southern Africa, Indonesia and Australia. The most mature part of this pipeline represents US$1.5 billion of investment. Competitive with diesel power plants, the Renewstable® power plant addresses a large power generation market. HDF has already identified a pipeline of US$3 billion.
ABOUT HDF ENERGY
HDF Energy is a global pioneer in hydrogen energy. HDF develops, finances and operates multi-megawatts Hydrogen-Power plants. These plants provide continuous or on-demand electricity from renewable energy sources (wind or solar), combined with high power fuel cells supplied by HDF.
HDF has developed the world’s first mass production plant for high-power fuel cells for energy, which will be commissioned in France in 2023. Through this activity, HDF Energy will also serve the maritime and data center markets.
HDF Energy is a powerful accelerator of the energy transition by offering non-intermittent, grid-friendly and on-demand renewable power.
HDF is a company listed on the regulated market of Euronext Paris.
Press Relations
Serena BONI
+33 (0)4 72 18 04 92
This email address is being protected from spambots. You need JavaScript enabled to view it.
VIJFHUIZEN, Netherlands--(BUSINESS WIRE)--APsystems unveils the DS3 series, a dual-module, single phase microinverter product line for residential and commercial solar applications at the Solar Solutions International trade show in The Netherlands.
A new, groundbreaking design for APsystems, the DS3 series is launching with multiple power offerings in several major global markets, with outputs up to 960VA—making it the most powerful dual-module microinverter in the world and reflecting APsystems’ commitment to powerful innovation with global capability.
The new platform architecture, built from the ground up by the power electronics design experts comprising APsystems’ engineering and R&D teams, employs the latest breakthroughs in power inversion circuitry, semiconductor device technology, high-speed communication and intelligent control.
The DS3 series is designed to be paired with virtually any choice of PV module type and size, including 60 and 72-cell modules, 120 and 144 split-cell modules, as well as bi-facial modules. With multiple output ranges available, installers can capably find an optimal DS3 microinverter model to match their choice of PV module type, size and capacity to maximize the power output and increase energy harvest. The new product line is also fully compatible with APsystems’ existing QS1 and YC600 microinverters as well as ECU-R, ECU-C and ECU-B gateway devices.
DS3 Series microinverters offer the following features and benefits:
The DS3 Series will launch in most regions in Q4 of this year with the following models available by market:
Region |
DS3-S |
DS3-L |
DS3 |
DS3-H |
EMEA |
|
X 730VA |
X 880VA |
* 960VA |
USA/CANADA |
X 640VA |
X 768VA |
X 880VA |
* 960VA |
AUSTRALIA |
X 625VA |
X 750VA |
X 880VA |
* 960VA |
(x) available in Q4
(*) DS3-H– available on demand only
The DS3 series continues to build on the successful APsystems line of multi-module microinverters, offering reduced logistics costs, faster installation, improved communication and connection features, and a wide MPPT voltage range for greater energy harvest during low light conditions.
DS3 series microinverters will be on display at the APsystems stand #C9.1 at the Solar Solutions International, the largest trade show for solar energy in Northwest Europe, September 28-30 at the Expo Haarlemmermeer in The Netherlands.
About APsystems
APsystems is the #1 global multi-platform MLPE solution provider, offering microinverter and DC optimizer power electronics as well as energy storage and rapid shutdown devices for the global solar PV industry. APsystems microinverters are intelligent, innovative, and the best-selling multi-module microinverters in the world.
Founded in Silicon Valley in 2010, APsystems encompasses 4 global business units serving customers in over 120 countries. With millions of units sold producing more than 2.5 TWh of clean, renewable energy, APsystems continues to be a leader in the ever-growing solar MLPE segment.
APsystems EMEA is based in Rotterdam, Netherlands and Lyon, France (Branch); APsystems USA is based in Seattle, Washington; APsystems APAC is based in Jiaxing and Shanghai, China. APsystems also has locations in Guadalajara, Mexico and Sydney, Australia.
Learn more at www.APsystems.com.
Jason Higginson – This email address is being protected from spambots. You need JavaScript enabled to view it.
Daimler Trucks North America, Portland General Electric and Black & Veatch awarded with honorable mention for sustainability
OVERLAND PARK, Kan.--(BUSINESS WIRE)--As the first-of-its-kind, high-capacity public charging station for medium- and heavy-duty commercial electric vehicles (EVs), “Electric Island” in Portland, Oregon, has earned honorable mention in the sustainability category of Fast Company magazine’s 2021 “Innovation by Design” awards.
Drawing on the power of creativity and collaboration as the market for battery electric truck models accelerates, Electric Island – opened in April 2021 near Daimler Trucks North America’s (DTNA) headquarters – began as a collaboration between the truck manufacturer and Portland General Electric (PGE). Black & Veatch, a global leader in EV infrastructure, completed the project design, engineering and construction.
Designed to handle megawatt-level charging, at a rate four times faster than most of today’s fast-charging options, the Electric Island design also incorporates flexibility as a charging test bed. Plans for future on-site energy storage, solar power generation, and a product and technology showcase building are under development. Electric Island is a proving ground for innovation and scalability for various chargers, grid integration and reliability to meet the demands of commercial fleets.
As one of the industry’s most-sought after design awards, Fast Company’s Innovation by Design competition, now in its 10th year, honors creative work at the intersection of design, business and innovation, recognizing the people, companies and trends that have steadily advanced design to the forefront of the business conversation.
Judges include renowned designers from various disciplines, business leaders from some of the world’s most innovative companies, and Fast Company’s writers and editors. Entries are judged on the key tenets of innovation: functionality, originality, beauty, sustainability, user insight, and cultural and business impact.
“As countries, companies and communities around the world continue ambitious pursuits of decarbonization, Electric Island represents what the future of electrified transportation can and will look like,” said Paul Stith, Black & Veatch’s director of global transportation initiatives. “This recognition by Fast Company affirms that we’re on a solid path to remove the infrastructure barriers through teamwork and innovation.”
“Design is not just a beauty contest,” said Stephanie Mehta, Fast Company’s editor-in-chief. “It’s something that can change the world and create solutions in a time when we face pressing global issues such as systemic racism, climate change and a global pandemic. Many of these entries showcase these challenges while providing hope for the future through their steadfast commitment to elevate design.”
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation and design, engaging the most influential leaders, companies and thinkers on the future of business. The editor-in-chief is Stephanie Mehta. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication, Inc., and can be found online at fastcompany.com.
Editor’s Notes:
JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 855-999-5991
Project Fortress to provide critical support for the UK power grid, long-term reduction of carbon emissions from the power sector and an opportunity to deliver material ESG impact
Advanced blockchain, real-time monitoring and carbon reporting service to assist customers with tracking against ‘Net Zero’ goals
LONDON--(BUSINESS WIRE)--Quinbrook Infrastructure Partners ("Quinbrook"), a specialist global investment manager focused exclusively on renewables, storage and grid support infrastructure investment, today announced that it has acquired a consented 350MW Solar + Battery storage project, located in Kent, UK (“Project Fortress”). Quinbrook expects to commence construction of the project in the first half of 2022.
Once operational, Fortress is expected to be the largest single site solar PV installation in the UK, and is more than three times the size of the UK’s next largest consented solar PV project. The addition of battery storage to large scale solar generation at Fortress is designed to provide critical support to improve security and reliability for the UK power grid and help continue the UK’s sustainable drive to Net Zero.
A Nationally Significant Infrastructure Project (“NSIP”), Fortress was granted development consent by the Secretary of State for Business, Energy and Industrial Strategy in May 2020. Fortress is forecast to generate enough renewable power each year to meet the power needs of c. 100,000 UK homes and to help reduce carbon emissions by 164,450 tonnes in its first year of operations alone. Fortress includes an extensive landscape and biodiversity management plan, designed in collaboration with Natural England, Kent Wildlife Trust, RSPB, and the Environment Agency, that will add more than 3.5km of native hedgerow screen planting across the site and seek to deliver a net gain of 65 percent in biodiversity.
Project Fortress follows closely behind Quinbrook’s massive Gemini Solar + Battery Storage Project in Nevada, US, which is currently under construction. Developed by Quinbrook portfolio company Primergy Solar, Gemini is a US$1.1 billion, 690 MW solar PV and 380 MW battery storage system and is believed to be the largest co-located solar PV and battery storage project in US history. Gemini is expected to host over 1.8 million solar modules and generate enough renewable energy to meet the residential power demands of the entire City of Las Vegas, Nevada.
Primergy Solar also recently announced the 600 MW Hot Pot and Iron Point solar + battery storage projects in Nevada which are proposed to replace the retiring North Valmy coal-fired power station. Quinbrook’s Nevada projects together with Fortress bring the current solar + battery storage portfolio to well over 1.6 GW of solar PV and 1 GW of battery storage capacity representing over USD 2.5 billion of project capital investment for the US and UK renewables markets.
Rory Quinlan, Co-Founder and Managing Partner of Quinbrook commented, "We believe Project Fortress is a landmark transaction on many fronts and represents a new frontier in UK solar teamed with large scale battery storage. We have been immersed in large scale solar and storage in the US for many years and we can apply our significant experience in project design and equipment selection to ensure Fortress becomes the new benchmark for renewables that support the UK grid rather than challenge it.”
Investment in Fortress continues the Quinbrook Founders’ 20-year history of investment in UK renewables and grid support projects. Quinlan added: “Fortress is an excellent example of the scale of new renewables impact the UK needs to build not only to rapidly decarbonize the UK power sector, but also to meet the 13 percent increase in electricity demand that the Ten Point Plan is expected to create by 2030. The acute power price volatility and security of energy supply concerns we have seen in the UK these past weeks highlight how critical new capacity investment in the UK will be to deliver the energy transition without further disruption. We plan for Fortress to play its part in helping to improve energy independence for the UK.”
Quinbrook Applies Its Strong ESG Capabilities to Project Fortress
Quinbrook plans to apply several progressive innovations at Fortress for real-time measurement and reporting of carbon emissions in the UK power grid and the 24/7 tracing and tracking of the renewable provenance of the power sold to the project’s offtakers. Using advanced blockchain and other applications, Quinbrook aims to deliver a complete carbon reporting service to assist customers with tracking progress against their Net Zero goals and their compliance obligations with TCFD and related carbon reporting.
Quinlan added, “Fortress provides a timely opportunity to showcase the application of advanced technologies that are critical to verify the carbon reductions available to our customers from Fortress. We think this is destined to become the standard for all energy supply projects in the years ahead.”
Quinbrook will also work with local stakeholders to help secure measurable economic benefits from the development for the local community. To achieve this, Quinbrook will focus on opportunities for the involvement of local companies in the construction and operations supply chain; the ability of local residents to access employment opportunities associated with construction and operation; and the ability for research organisations to use Fortress to enable technical research and innovation in the renewable energy sector. Preliminary analysis by Quinbrook indicates that during its expected lifetime, Fortress could support approximately 1,000 jobs1 (direct and indirect) and contribute in excess of GBP 100 million2 in local socio-economic contributions from lease payments to landowners and local taxes.
Mike O’Donnell, CEO of the London Collective Investment Vehicle, an investor in Quinbrook’s Renewables Impact Fund, commented, “Fortress is an excellent example of the type of project London CIV sought to invest in when we made an allocation to Quinbrook from our LCIV Renewable Infrastructure Fund.”
Quinbrook Focuses on UK ‘Net Zero’ Transition
In the UK, Quinbrook is focusing on opportunities arising from the accelerating energy transition to achieve ‘Net Zero’ emissions from the country’s energy supply system. With ageing coal, gas and nuclear plants being retired in the UK, significant long-term capital investment in new renewables supply infrastructure, battery storage, smart grid and related businesses will be needed. Quinbrook views the need for new supply and grid support infrastructure as an opportunity to deliver measurable ESG impact from asset creation and optimisation which it considers fundamental to any ‘high impact’ focused investment thesis.
Quinbrook aims to protect and enhance the value of invested assets for the long-term benefit of its investors through the proactive identification and management of the ESG aspects of those investments. However, Quinbrook’s ESG objectives extend beyond this; to job creation, improved governance, greater community engagement, and reduced environmental impacts from the daily operation of portfolio assets.
About Quinbrook
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on renewables, storage and grid support infrastructure and operational asset management in the US, UK and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook's investment and asset management team has offices in Houston, London, Jersey, and the Gold Coast of Australia. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale wind power, grid support, biomass, battery storage and ‘smart grid’ projects in the US, UK and Australia.
1 Jobs: Includes direct and indirect jobs, solar pv total FTE 6/MW CEBR / Solar powered growth in the UK / prepared for solar trade association, storage and grid support 10,000 man hrs / 20MW (20VAR)
2 Business rates and lease payments expected during 35-year asset life for 350 MW solar and 150 BESS
Media Contact:
Jennifer Pflieger
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (212) 446-1866
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.