SUNNYVALE, Calif.--(BUSINESS WIRE)--#advancedfission--Oklo Inc. (Oklo) announces a 20-year commercial partnership with Compass Mining (Compass), the world's first online marketplace for Bitcoin mining hardware and hosting. With increasing power consumption from bitcoin mining, the partnership between Oklo and Compass aims to introduce advanced fission to supplement fossil fuels and promote diversity and sustainability in the energy sources used by miners. Oklo’s advanced fission powerhouses will provide clean, reliable, and affordable baseload power for Compass’ Bitcoin mining machines, starting in the early 2020s. Oklo is committed to supplying at least 150MW of clean power to Compass in the first phase of this partnership, helping drive the sustainability of Bitcoin mining practices.
“We are proud to blaze new trails on the commercialization of our powerhouses by partnering with Compass in decarbonizing Bitcoin,” said Jacob DeWitte, co-founder and CEO of Oklo. Oklo is the first advanced fission company to have its license to construct and operate a power plant be accepted for review by the U.S. Nuclear Regulatory Commission.
“Cryptocurrency mining offers promising pathways to accelerate the deployment of clean energy technologies, and Oklo is positioned to respond to commercial demands by offering end-users the convenience of buying clean, reliable, and cost-effective power that they can depend on,” added DeWitte. Oklo’s path to deployment strives to optimize its power plant designs to be cost-competitive with the cheapest forms of energy.
Oklo’s advanced fission powerhouses can produce reliable power for up to 20 years without the need to refuel and have the capabilities to turn nuclear waste into clean energy. This commercial project is scalable, and Oklo can add additional capacity to accelerate Compass’ sustainable mining efforts further while driving the economics of Bitcoin mining activities powered by advanced fission.
“Compass is thrilled to partner with a cutting-edge team like Oklo. Together we can push the Bitcoin mining industry forward into a new phase of cheap and reliable power from advanced fission. Every bitcoin miner understands the need for cheap, reliable power. Our team and clients are excited to partner with Oklo and redefine the energy landscape for cryptocurrency mining,” said Whit Gibbs, co-founder and CEO of Compass.
About Oklo Inc.: Oklo Inc. (Oklo) is a California-based company developing clean energy plants to provide emission-free, reliable, and affordable energy using advanced fission. Oklo received a Site Use Permit from the U.S Department of Energy, successfully demonstrated prototype of its metallic fuel, was awarded fuel material from Idaho National Laboratory, and developed the first advanced fission combined license application, which completed acceptance review and was docketed by the U.S. Nuclear Regulatory Commission.
About Compass: Compass Mining is a bitcoin-first, proof-of-work mining company on a mission to strengthen Bitcoin's network by democratizing hash rate. Compass' mining marketplace offers easy procurement and deployment of mining machines for institutional and retail clients. Compass also produces industry-leading research and educational content through a variety of tailored media product offerings. Mining is a notoriously opaque sector of the Bitcoin industry, but Compass now serves as the guide for everyone's path to successfully mining bitcoin. Thanks to Compass, mining bitcoin has never been easier.
Media Contact for Oklo:
Bonita Chan
Director of Marketing and External Relations
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Media Contact for Compass:
Zack Voell
Content Director
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LYMINGTON, United Kingdom--(BUSINESS WIRE)--#ICPC--The International Cable Protection Committee (ICPC) is pleased to announce the launch of Government Best Practices for Protecting and Promoting Resilience of Submarine Telecommunications Cables to assist governments in developing laws, policies, and practices to foster the development and protection of submarine telecommunications cables, the infrastructure of the Internet. The Best Practices are now available in both English and Spanish on the public section of ICPC’s web site.
The Best Practices first set forth a set of general principles to guide governments in cable protection and resilience, including the need to focus on statistically significant risks of cable damage, and the use of regulatory frameworks to enhance geographic diversity, promote the rule of law; and promote speedy infrastructure deployment and repair. The Best Practices then identify cable damage risks and other regulatory challenges—ranging from fishing and anchoring risks to spatial separation from other marine activities to cabotage—and make specific recommendations for governmental practices to reduce risk, promote connectivity, and improve regulation.
‘As the world’s preeminent cable protection organisation, ICPC has long promoted government best practices in workshops and consultations, but it had never codified its own thinking on these issues in a public document,’ said Kent Bressie, ICPC’s International Cable Law Adviser and the principal author of the Best Practices. ‘Now, when governments seek industry views on cable protection and resilience, we can share ICPC’s views in a practical and accessible guide.’
As with ICPC’s Recommendations, the Best Practices will be updated periodically to address emerging issues in industry and in the marine environment. They may be supplemented by annexes addressing particular issues in detail, such as with fish aggregation devices, for which ICPC’s FAD Working Group is developing more detailed best practices.
Forthcoming Webinar. To assist ICPC Members in understanding the Best Practices and how they might be used in discussions with governments, ICPC will host a forthcoming webinar.
About the ICPC. The ICPC is the world’s premier submarine cable protection organisation. It was formed in 1958 to promote the protection of submarine cables against human-made and natural hazards. It provides a forum for the exchange of technical, legal, and environmental information about submarine cables and engages with stakeholders and governments globally to promote submarine cable protection. The ICPC has over 170 Members from over 60 nations, including cable operators, owners, manufacturers, industry service providers, as well as governments. For further information about the ICPC, see www.iscpc.org and www.linkedin.com/company/icpc-ltd/.
ICPC Contacts:
Ryan Wopschall, ICPC General Manager
+1 541 306 549
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Kent Bressie, ICPC International Cable Law Adviser
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WENZHOU, China--(BUSINESS WIRE)--The 2nd International Industrial and Energy Internet Innovation and Development Conference was held from July 9 to 10 in Wenzhou city, east China's Zhejiang Province.
Over 700 people including academicians, experts and scholars from universities or scientific research institutes, representatives of international organizations and industry associations, and government officials attended the opening ceremony, sharing their insights on building smart grids and promoting the energy revolution.
At the ceremony, the Oujiang Consensus was reached, several products were launched and a total of 18 projects were signed.
The conference also included 6 parallel forums and an expo.
Liu Huanzhen
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Largest Solar Project in New Jersey Generates Clean Energy and Provides Environmental Uplift with Native Grasses and Wildflowers
SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America (EDFR) and the Renewable Power business within Goldman Sachs Asset Management (Goldman Sachs) today announced the commercial operation of the Toms River Solar Project, delivering 28.9 megawatts (MW) of clean renewable energy. The project, built on BASF Corporation’s (BASF) property by EDFR in coordination with PVOne and Goldman Sachs, is New Jersey’s largest solar project and the largest solar project built on a Superfund site in the U.S.
The solar array uses a pre-cast ballasted system on approximately 120 acres of the BASF site located on Oak Ridge Parkway in Toms River, NJ, and includes a 27.4 MW grid-connected system and an adjacent 1.5 MW net-metered solar system.
Additionally, EDFR has designed a 5 MW Community Solar project, also to be built on the BASF site, which will provide lower-cost electricity to area residents, with more than half of its output committed to low- and moderate-income subscribers. The Community Solar project is still in the approval process.
The overall project will generate enough clean energy to meet the needs of 5,250 New Jersey homes. This is equivalent to avoiding more than 30,000 metric tons of CO2 emissions annually, which equates to the greenhouse gas emissions associated with driving 6,400 cars for one year.
“We are very excited about the Toms River Solar Project, which successfully reuses brownfield land to develop clean, renewable energy,” said Mark Patterson, Vice President of Environment, Health and Safety at BASF. “This sustainable project highlights BASF’s connections to our communities and the environment by supporting an overall reduction of CO2 emissions while also expanding the site’s native grassland habitat for pollinators and migratory birds.”
The solar array was built with rigorous attention to the environment, with specific considerations made to improve the threatened Grasshopper Sparrow habitat and protect the Northern Pine Snake. Existing paved areas in the footprint of the project were removed and will be replaced with native meadow mix grasses and wildflowers. Additionally, Rutgers University will conduct a 5-year monitoring program to study the ecological uplift of the project.
Nearly one hundred union workers from Laborers Union Local 172, Iron Workers Local 399, Operators Local 825, and Electrical Local 400 participated in the project’s construction.
“We were pleased to work with a full set of project partners including local subcontractors, local and state officials, community groups, the New Jersey Board of Public Utilities, and professionals at Weston Solutions and Giordano, Halloran, and Ciesla,” said Tom Leyden, Senior Director, EDF Renewables Distributed Solutions.
EDFR co-developed the project with PVOne and served as the Engineering, Procurement and Construction contractor for the project. Goldman Sachs acquired the project from EDFR during the construction phase and plans to manage the asset through its useful life.
“This project is a great example of collaboration between private and public sectors, including the New Jersey Board of Public Utilities, NJ Department of Environmental Protection, and the U.S. Environmental Protection Agency, along with BASF, Goldman Sachs, and EDFR,” said Elliott Shanley, Senior Vice President of PVOne.
Michael Conti, a Vice President within the Renewable Power business at Goldman Sachs Asset Management commented, “Goldman Sachs is deeply committed to accelerating the energy transition. As one of the largest owners of solar power in New Jersey, we are grateful that the State continues to support the development of clean energy, particularly on brownfields, such as this project located on the Toms River Superfund site. It has been a pleasure to work with the EDFR team to make this project, the largest operating solar project in New Jersey, a success. We look forward to future collaboration between our organizations as well as a great future relationship with BASF.”
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar and storage; and asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects. The Company’s PowerFlex subsidiary offers a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 20 GW of developed projects and 13 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.
About BASF
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 17,000 employees in North America and had sales of $18.7 billion in 2020. For more information about BASF’s North American operations, visit www.basf.com/us. At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at http://www.basf.com
About Goldman Sachs Asset Management Renewable Power
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of March 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 2017, the Renewable Power business within Goldman Sachs Asset Management has sponsored more than 800 solar projects across 27 U.S. states that collectively have a capacity of more than 2.3 gigawatts of clean, renewable power. We take a long-term ownership approach to the operations and management of renewable assets with a leading industry expertise across transaction sourcing, financial analysis, power markets and physical asset analysis and operations. Follow us on LinkedIn.
About PVOne
PVOne is solar power project development company engaged in the development of grid-scale solar, commercial net-meter solar, and community solar projects throughout the US. We specialize in the critical, early-stage solar development processes that ultimately lay the foundation for the success of each solar project – from site acquisition and system design to interconnection agreements and government approvals. Further information at www.pvone.com.
Sandi Briner, +1 858-521-3525
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Experience smarter, sustainable living in harmony with the great outdoors
HYANNIS, Mass.--(BUSINESS WIRE)--Savant®, a leader in smart home technology, is unveiling a west coast residential experience center in the greater Las Vegas area showcasing an advanced smart living ecosystem combined with modern architecture and stunning views of the Las Vegas Strip.
This smart living showcase, referred to as Vegas Modern 001, was brought to life in partnership with Las Vegas-based design-led firm, Blue Heron, and technology integrator Eagle Sentry. The 15,000-square-foot home is designed with the latest technology advances, all hidden in plain sight.
Dynamic Tunable Lighting
Visitors to Vegas Modern 001 will experience Savant’s award-winning smart lighting system paired with the latest in tunable LED lighting and specification-grade fixtures from USAI Lighting. Together, Savant and USAI Lighting create perfect illumination for every scenario utilizing Savant’s Daylight Mode to perfectly synchronize lighting color and temperatures to match the natural light from the sun at any time-of-day. To complement the natural light, every room also features Savant motorized shades, designed in partnership with JGeiger. Savant’s pro lighting control system, motorized shades, and USAI Lighting fixtures combine to create an unmatched end-to-end lighting experience. For quick control, scenes can be created on the Savant app and saved to any keypad button in the house. Savant’s keypads can also be configured to help set the mood, enhancing the entertainment experience to activate full color lighting.
Energy Independence
Grid outages and fluctuating energy costs are no match for Vegas Modern 001. The home is designed with sustainability in mind and features the largest residential solar array in the region, a fully automated power panel, as well as Savant’s Racepoint microgrid technology. The Savant app tracks daily energy production as well as usage, with a full history log by load type. Savant energy solutions paired with the vast solar infrastructure can maintain operation of the entire home under normal conditions for up to 8 hours; or nearly 24 hours if only essential devices are active. Most critically, Savant Energy’s microgrid works day and night to intelligently optimize the consumption of power under all conditions. The result is a truly smart home that provides a comfortable, secure environment while maximizing efficiency and reducing energy costs.
43 Zones of Entertainment
In order to fill Vegas Modern 001 with audio and video entertainment, Savant deployed 15 4K video sources distributed to 17 rooms, and an audio system featuring 43 zones of beautiful high-resolution digital music powered by over 19,000 watts of crystal clear amplification all elegantly fitted to the home without impeding décor. Savant offers a broad range of high-performance entertainment products, including audio and video over IP solutions, smart multi-zone amplifiers with access to popular streaming service providers, architectural loudspeakers, soundbars, subwoofers and more.
Intuitive Smart Home Experience
Vegas Modern 001 includes an array of user interface options all designed to deliver a consistent experience, including Savant’s Pro Remote X2, touch panels and mobile apps. Every visitor will experience Savant’s best-in-class scene personalization and custom dashboards that are designed by each user to bring to the smart living experience to life. Entertainment, security, lighting, climate and energy management are all intuitively managed with Savant’s award-winning app.
Book Your Tour Today
Please join Savant at Vegas Modern 001, opening July 2021 for in-person tours as well as interactive virtual tours. To book a tour, please email This email address is being protected from spambots. You need JavaScript enabled to view it.
CREATING BRIGHTER LIVES & A MORE SUSTAINABLE WORLD
For more information on Savant, visit savant.com
DOWNLOAD VEGAS MODERN 001 FACT SHEET HERE
(Please credit all images to Stephen Morgan)
About Savant: Headquartered in Massachusetts, Savant Systems, Inc., is a global leader in smart home, intelligent lighting and energy solutions. Along with GE Lighting, a Savant company and Racepoint Energy, Savant offers the most diverse portfolio of DIY and professionally installed smart products available at thousands of leading retail stores and through a network of authorized integrators. Designed to deliver a personalized experience at every level, Savant’s innovative solutions unite all the vital pillars of any connected environment – climate, lighting, entertainment, security and energy – together into a premier integrated experience controlled by intuitive award-winning software for iOS and Android. Learn more at www.savant.com.
Micah Sheveloff for WIRC Media
(727) 258-4770 / This email address is being protected from spambots. You need JavaScript enabled to view it.
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--July 13, 2021-- ITT Inc. (NYSE: ITT) will release its second quarter financial results after the close of The New York Stock Exchange on Thursday, August 5, 2021. The earnings release and related materials will be posted at www.itt.com/investors.
The following morning, the company will hold a conference call on Friday, August 6 at 8:30 a.m. Eastern Time to discuss the 2021 second quarter financial results.
To participate on the conference call, please dial +1 (706) 643-7542 approximately ten minutes before the 8:30 a.m. ET start. Please provide ID#: 1362059 to the conference operator. A real-time audio webcast of the presentation can be accessed at www.itt.com/investors.
A replay of the conference call will be available telephonically from two hours after the call concludes until Friday, August 20, 2021, at midnight. The telephone replay is available by calling +1 (800) 585-8367 (ID#: 1362059).
About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com.
Mark Macaluso
+1 914-641-2064
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Microsoft and other sustainability leaders adopt new tool to estimate project-specific carbon impact of solar, wind and energy storage – a first for the industry
BOSTON--(BUSINESS WIRE)--#CO2--REsurety announced today a new data tool, called Locational Marginal Emissions, created with Microsoft and built on the Microsoft Azure cloud platform, to help customers maximize decarbonization investments. Top clean energy buyers, investors, and advisors including Microsoft, Hannon Armstrong, Marathon Capital, Akamai Technologies, Quinbrook Infrastructure Partners, Broad Reach Power, and The Brattle Group will use the new data product from REsurety to measure and maximize the decarbonization impact of each dollar they spend on solar, wind, and energy storage.
While many corporations have committed to achieve carbon neutrality or “net-zero” by a certain date, the methods for measuring and maximizing progress have been limited by a lack of data. The new Locational Marginal Emissions tool from REsurety addresses this problem.
REsurety’s patent-pending Locational Marginal Emissions technology calculates the carbon emissions at each node on an electric grid with hourly granularity. This helps decision-makers understand how much each specific clean energy procurement, load-siting, or energy storage decision contributes to their decarbonization goals.
“Locational Marginal Emissions solve the need for transparent and accurate carbon impact data,” said Lee Taylor, CEO of REsurety. “It’s what corporate ESG leaders want to know: how many tons of carbon emissions are actually avoided by the clean energy they’re buying.”
“We can play a key role in fully decarbonizing the grid,” said Brian Janous, GM of Energy and Renewables, Microsoft. “To do it the fastest and the most cost-effectively, we need to be able to understand the carbon impact of each MWh coming from a specific wind, solar, or storage plant. We want to make sure that the clean energy we’re helping to bring onto the grid has the maximum environmental benefit. REsurety’s Locational Marginal Emissions data gives us the transparency we need to make climate-wise investments.”
REsurety’s Locational Marginal Emissions data is available for projects in ERCOT and will be available for other U.S. markets later this year. To hear more about why leading companies are adopting this new tool, see their statements in the full release here.
About REsurety
REsurety is the leading analytics company empowering the clean energy economy. Operating at the intersection of weather, power markets and financial modeling, we enable the industry’s decision makers to thrive through best-in-class value and risk intelligence, and the tools to act on it. For more information, visit www.resurety.com.
Peter Kelley, This email address is being protected from spambots. You need JavaScript enabled to view it.
+1-202-270-8831
RESTON, Va.--(BUSINESS WIRE)--#teambowman--Bowman Consulting Group (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced that it has received a $10 million task order contract award (the “Award”) with the Cook County Department of Transportation and Highways in Illinois (the “County”) relating to the County’s Pavement Preservation and Rehabilitation program (“PPR”). The term of the Award is for three years with two one-year renewal and extension options for the County.
Under the terms of the Award, Bowman will provide construction management services to include engineering and inspection services on a sole-source, task order basis for pre-construction, construction, and post-construction phases of the PPR. The County may expand the Award to include other construction management and engineering related tasks outside the PPR at its discretion. The Company will record backlog associated with the Award as individual task order assignments are issued.
“This meaningful win for our company derives from our extensive transportation and construction management experience and represents the increased demand we are experiencing for infrastructure related projects,” said Gary Bowman, chairman and CEO of Bowman. “We are proud to have been selected for this assignment and look forward to expanding our relationship with Cook County. We expect the revenue associated with the PPR project to ramp up slowly during the remainder of 2021, with the bulk of the spending coming in 2022 and 2023.”
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a professional services firm delivering innovative engineering solutions to customers who own, develop, and maintain the built environment. With 800 employees and more than 30 offices throughout the United Sates, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. On May 11, 2021, Bowman completed its $51.7 million initial public offering and began trading on the Nasdaq under the symbol BWMN. For more information, visit www.bowman.com.
Investor Relations
Bruce Labovitz
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(703) 787-3403
Megan McGrath
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(310) 622-8248
Industry first 100V GaN/SiC 3.6 kW L-band transistor for Avionics high reliability market
MILPITAS, Calif.--(BUSINESS WIRE)--#teledyne--Teledyne e2v HiRel Electronics, a leading provider of high reliability semiconductor solutions, today announced that it will be offering High Reliability qualified versions of California-based Integra Technologies, Inc. (Integra) new 100V Gallium Nitride on Silicon Carbide (GaN/SiC) power transistors.
Integra’s newly announced 100V RF GaN/SiC gives designers the ability to dramatically increase system power levels and functionality while simplifying system architectures with less power combining circuitry compared to the more commonplace 50V and 65V GaN technologies. Teledyne will qualify Integra’s first 100V product, the IGN1011S3600, which offers 3.6 kW at 1,030 and 1,090 MHz, greater than 19 dB of gain and up to 75% efficiency. Teledyne HiRel will provide further assurance for military and new space applications.
“Our most demanding customers are requesting higher power density RF power devices,” said Brad Little, VP and General Manager of Teledyne e2v HiRel. “Adding additional screening and qualifications for the new devices will assure long operational life in even the harshest environments.”
FEATURES
ABOUT TELEDYNE E2V HIREL ELECTRONICS
Teledyne e2v HiRel innovations lead developments in space, transportation, defense, and industrial markets. Teledyne e2v’s unique approach involves listening to the market and to the application challenges of customers and partnering with our customers to provide innovative standard, semi-custom or fully custom solutions, bringing increased value to their systems. Teledyne e2v HiRel Electronics is part of the Teledyne Defense Electronics Group. www.tdehirel.com
ABOUT INTEGRA TECHNOLOGIES, INC.
Founded in 1997, Integra is a leading innovator of RF and Microwave high power semiconductor and pallet solutions for mission-critical applications, including state-of-the-art radar, electronic warfare, and advanced communications systems. www.integratech.com.
Sharon Fletcher
Teledyne Defense Electronics
+1 323-241-1623 This email address is being protected from spambots. You need JavaScript enabled to view it.
ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)
Distribution
The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended June 30, 2021, of $0.52 per unit.
This corresponds to $2.08 per outstanding unit on an annualized basis.
This cash distribution will be paid on August 12, 2021 to all unitholders of record as of the close of business on July 29, 2021.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units’ trade on the New York Stock Exchange under the symbol “KNOP”.
Forward looking statements
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Tel: +44 7496 170 620
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Leading cleantech integrator expands its international portfolio with £2,381,100 energy conservation project in the United Kingdom
FRAMINGHAM, Mass. & CARMARTHENSHIRE, Wales--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced completion of its energy conservation project with Carmarthenshire County Council (CCC) to improve the council estate’s existing energy infrastructure. Improvements made will advance CCC’s target of reaching zero-carbon emissions by 2030.
Ameresco has installed an extensive number of Energy Conservation Measures (ECMs) for CCC. Project upgrades and energy-saving measures include LED lighting replacement, lighting controls, pipework insulation, building fabric improvements, boiler upgrades and optimization, CHP and district heating improvements, solar PV installation and water savings.
The implemented upgrades will significantly reduce the building’s carbon emissions by replacing aging infrastructure and optimizing the operation of existing equipment. The project will deliver annual energy savings of over two million kWh, which is approximately equivalent to £315,726 or $388,000 in annual cost savings and annual CO2 reduction of 675 tonnes.
“Working with Ameresco has allowed us to accelerate the roll-out of our energy efficiency programme in a more comprehensive manner and at a greater pace than could be achieved using limited in-house resources, said Cllr Ann Davies, Carmarthenshire County Council Executive Board Member with responsibility for climate change. “We look forward to developing further phases to help us become a net zero carbon local authority by 2030.”
CCC’s hope is that implemented improvements will enhance building staff and user’s comfortability across the council’s estate. CCC’s latest energy infrastructure overhaul will result in substantial reductions to its energy consumption and enhancements to its renewables generation.
“Our project with Carmarthenshire County Council is a demonstration of our continued commitment to delivering sustainable solutions worldwide,” said Britta MacIntosh, senior vice president, Ameresco. “The Council’s progressive climate change goals provide a model for communities who strive to become cleaner and more efficient, and we are thrilled to be a part of seeing such plans come to fruition.”
Phase 1 project construction was completed March 2021.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
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 Carmarthenshire County Council
Carmarthenshire County Council (CCC) are leading in the public sector in their commitment to ensure Carmarthenshire plays its part in meeting climate change commitments. To meet the council target of zero-carbon by 2030, substantial reductions in energy consumption and renewables generation are needed across the council’s estate. Following multiple detailed site visits, in-depth data analysis and discussions with occupants of the buildings in scope, Ameresco has implemented an extensive number of Energy Conservation Measures (ECMs) across CCC facilities.
The announcement of a customer’s entry into a project contract 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 March 31, 2021.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced its results for the second quarter, ended June 30, 2021, will be released on Thursday, August 5, 2021 after market close. At that time, a copy of the financial results release will be available on the Company’s website at https://oled.com/.
In conjunction with this release, Universal Display will host a conference call on Thursday, August 5, 2021 at 5:00 p.m. Eastern Time. The live webcast of the conference call can be accessed under the events page of the Company's Investor Relations website at ir.oled.com. Those wishing to participate in the live call should dial 1-877-524-8416 (toll-free) or 1-412-902-1028. Please dial in 5-10 minutes prior to the scheduled conference call time. An online archive of the webcast will be available within two hours of the conclusion of the call.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the Company’s technologies and potential applications of those technologies, the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2020. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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Universal Display:
Darice Liu
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Revel becomes the first electric mobility company to use virtual power plant technology to optimize charging operations in support of a cleaner, more resilient grid
NEW YORK--(BUSINESS WIRE)--The tremendous load growth associated with electric vehicle (EV) adoption coupled with variable generation from renewable power sources is expected to challenge grid stability. To support grid reliability, electric mobility companies can serve as “virtual power plants” by providing valuable real-time services to the grid. These services include “demand response” operations, where charging stations provide immediate relief to the electric grid by shedding load at a moment’s notice.
Revel is partnering with GridRewards™, a groundbreaking virtual power plant software, to dynamically adjust the charging schedule of its electric moped fleet to enhance the resilience of New York City’s electric grid. In addition to supporting grid resilience, the partnership between Revel and GridRewardsTM is supporting a cleaner grid. The sources of power generation activated at times of highest demand, known as “peaker plants,” emit twice as much carbon dioxide per unit of electricity than regular power plants and 20 times as much nitrogen oxides.
When New York City experienced a severe heat wave the week of June 28th, Revel shifted the timing of its charging sessions and avoided the peak usage hours when electricity is dirtiest and most expensive. In doing so, Revel’s actions were akin to powering 100 homes with carbon free energy. It is this type of dynamic energy use that is critical to a successful transition to a clean energy economy.
“As we continue to expand our electric mobility products, we plan to be an asset to the grid rather than a liability,” said Paul Suhey, Revel COO & Co-Founder. “Our EV infrastructure and charging operations can play a major role in helping NYC transition to a cleaner electric grid.”
“As transportation electrifies, it is imperative that electric mobility companies schedule their charging operations to promote grid resiliency,” says David Klatt, Logical Buildings Vice President of Operations. “Revel is taking necessary steps to ensure it is a leader in intelligent charging operations, paving the way for the smooth electrification and decarbonization of NYC.”
Individual Con Edison customers in New York City and Westchester can also get paid to unplug and participate in the GridRewards™ program by downloading the free app via the App Store and Google Play or Web. Through leveraging data from the utility provider’s new smart meters, the app prompts users to take simple electricity-reducing actions during high demand time periods to earn cash. GridRewards™ puts the power to reduce energy bills and carbon emissions into the hands of residents and businesses.
Activities such as dimming lights and unplugging energy-intensive appliances offer cash rewards and diminish the need for pollution-inducing peaker plants. Smart meter customers using GridRewards™ can receive cash rewards of up to 20 percent of their annual energy bills.
Developed by AI technology solutions leader Logical Buildings, GridRewards™ was honored with a coveted Mark of Excellence Award for “Energy Efficiency Product of the Year 2021” from the Consumer Technology Association (CTA).
Additional media may be found here.
Logical Buildings is an industry-leading sustainability, smart building and virtual powerplant software and services provider for the built world. Our revolutionary technologies enable the Energy Transition, empowering residential, commercial and industrial energy users to earn money, enhance building health and reduce carbon footprint, all from within user-friendly, award-winning mobile apps.
Logical Buildings operates at the forefront of innovation in property and energy tech. Continued decentralization, decarbonization and digitalization of the built world means that energy users have unprecedented control of their energy bill and the ability to generate revenue by making utilities and the grid more resilient.
Our simple-to-use products, SmartKit AI™ (smart building sustainability tech) and GridRewards™ (residential virtual powerplant tech), provide a holistic sustainability solution to our clients, including over 60 of the largest national real estate owner/managers and thousands of residential energy users. By integrating smart meter energy data and IoT devices, we reward our users for making intelligent energy decisions and improving the health of the built world at scale.
Revel is a Brooklyn-born transportation company that’s electrifying cities through charging infrastructure and shared electric vehicle fleets. Through the Revel app, users can rent electric mopeds, sign up for monthly eBike subscriptions, hail an electric car ride or find fast-charging stations compatible with any brand of EV. Revel prides itself on its total rejection of the gig economy and its collaborative approach with local governments. Founded in 2018, the company now operates in four New York City boroughs, Washington, D.C., Miami, Florida, and San Francisco, California. To learn more, visit gorevel.com and follow @_gorevel on Twitter.
Logical Buildings Contact
Linda S. Alexander
917-881-5360
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Revel Contact
Owen Stone
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ:NFE) (the "Company") announced today that management will host an investor update conference call on Wednesday, July 21, 2021 at 11:00 A.M. Eastern Time. A copy of materials that management will reference will be posted to the Investor Relations section of New Fortress Energy’s website, www.newfortressenergy.com.
All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing (866) 953-0778 (from within the U.S.) or (630) 652-5853 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE Investor Update Call."
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.
A replay of the conference call will be available after 2:00 P.M. on Wednesday, July 21, 2021 through 11:00 P.M. on Wednesday, July 28, 2021 at (855) 859-2056 (from within the U.S.) or (404) 537-3406 (from outside of the U.S.), Passcode: 6787857.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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ROCHESTER, N.Y.--(BUSINESS WIRE)--Transcat, Inc. (Nasdaq: TRNS) (“Transcat” or the “Company”), a leading provider of accredited calibration, repair, inspection and laboratory instrument services and value-added distributor of professional grade handheld test, measurement and control instrumentation, announced that it will release its first quarter fiscal year 2022 results after the close of financial markets on Tuesday, July 27, 2021.
The Company will host a conference call and webcast to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow.
First Quarter Fiscal Year 2022 Conference Call
Wednesday, July 28, 2021
11:00 a.m. Eastern Time
Phone: 201-689-8471
Webcast and accompanying slide presentation: www.transcat.com/investor-relations
A telephonic replay will be available from 2:00 p.m. ET on the day of the teleconference call until Wednesday, August 4, 2021. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13721676 or access the webcast replay at www.transcat.com/investor-relations where a transcript will be posted once available.
ABOUT TRANSCAT
Transcat, Inc. is a leading provider of accredited calibration, repair, inspection, and laboratory instrument services. The Company is focused on providing best-in-class services and products to highly regulated industries, particularly the Life Science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses, as well as aerospace and defense, and energy and utilities. Transcat provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 22 Calibration Service Centers strategically located across the United States, Puerto Rico and Canada, and services at 20 imbedded customer-site locations. The breadth and depth of measurement parameters addressed by Transcat’s ISO/IEC 17025 scopes of accreditation are believed to be the best in the industry.
Transcat also operates as a leading value-added distributor that markets, sells and rents new and used national and proprietary brand instruments to customers primarily in North America. The Company believes its combined Service and Distribution segment offerings, experience, technical expertise, and integrity create a unique and compelling value proposition for its customers.
Transcat’s strategy is to leverage the complementary nature of its two operating segments, its comprehensive service capabilities, strong brand, enhanced e-commerce capabilities and leading distribution platform to drive organic sales growth. The Company will also look to expand its addressable calibration market through acquisitions and capability investments to further realize the inherent leverage of its business model.
More information about Transcat can be found at: Transcat.com.
Mark A. Doheny
Chief Financial Officer
585-714-3617
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COLUMBUS, Ind.--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the company's quarterly cash dividend on common stock of 7 percent to 1.45 dollars per share from 1.35 dollars per share. The dividend is payable on September 2, 2021, to shareholders of record on August 20, 2021.
“This marks our 12th consecutive year of increasing our dividend, demonstrating a consistent trend of returning capital to shareholders while continuing to invest in our future,” said Tom Linebarger, Chairman and CEO, Cummins Inc.
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 57,825 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. To learn more about Cummins visit cummins.com.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse results of our internal review into our emissions certification process and compliance with emission standards; increased scrutiny from regulatory agencies, as well as unpredictability in the adoption, implementation and enforcement of emission standards around the world; policy changes in international trade; the U.K.'s exit from the European Union; changes in taxation; global legal and ethical compliance costs and risks; increasingly stringent environmental laws and regulations; future bans or limitations on the use of diesel-powered products; supply shortages and supplier financial risk, particularly from any of our single-sourced suppliers, including suppliers that may be impacted by the COVID-19 pandemic; market slowdown due to the impacts from the COVID-19 pandemic, other public health crises, epidemics or pandemics; impacts to manufacturing and supply chain abilities from an extended shutdown or disruption of our operations due to the COVID-19 pandemic; aligning our capacity and production with our demand, including impacts of COVID-19; large truck manufacturers and original equipment manufacturers customers discontinuing outsourcing their engine supply needs or experiencing financial distress, particularly related to the COVID-19 pandemic, bankruptcy or change in control; a slowdown in infrastructure development and/or depressed commodity prices; failure to realize expected results from our investment in Eaton Cummins Automated Transmission Technologies joint venture; the actions of, and income from, joint ventures and other investees that we do not directly control; product recalls; the development of new technologies that reduce demand for our current products and services; lower than expected acceptance of new or existing products or services; variability in material and commodity costs; product liability claims; our sales mix of products; protection and validity of our patent and other intellectual property rights; disruptions in global credit and financial markets as the result of the COVID-19 pandemic; labor relations or work stoppages; reliance on our executive leadership team and other key personnel; climate change and global warming; our plan to reposition our portfolio of product offerings through exploration of strategic acquisitions and divestitures and related uncertainties of entering such transactions; exposure to potential security breaches or other disruptions to our information technology systems and data security; political, economic and other risks from operations in numerous countries; competitor activity; increasing competition, including increased global competition among our customers in emerging markets; foreign currency exchange rate changes; the performance of our pension plan assets and volatility of discount rates, particularly those related to the sustained slowdown of the global economy due to the COVID-19 pandemic; the price and availability of energy; the outcome of pending and future litigation and governmental proceedings; continued availability of financing, financial instruments and financial resources in the amounts, at the times and on the terms required to support our future business; and other risks detailed from time to time in our SEC filings, including particularly in the Risk Factors section of our 2020 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the SEC, which are available at http://www.sec.gov or at http://www.cummins.com in the Investor Relations section of our website.
Jon Mills
Director, External Communications
317-658-4540
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ABERDEEN, Scotland--(BUSINESS WIRE)--SCF Partners (“SCF”) is pleased to announce its investment in Hydrasun Ltd. (“Hydrasun”), a provider of fluid and gas transfer equipment, services, and technology. Bob Drummond, CEO of the company since 2002, and the senior management team will continue to serve in their current roles and will maintain an ownership position in the business.
Hydrasun, headquartered in Aberdeen and with locations in 5 countries, is a global market leader in the provision of integrated fluid transfer, power and control solutions to the oil and gas, industrial, renewables and hydrogen industries. The company, founded in 1976, has developed a skillset through decades of experience in the demanding environment of the offshore oil and gas industry that will also be needed to ensure the safe and reliable supply of emerging energy resources for the Energy Transition.
“SCF is delighted to welcome Bob Drummond and his team into the SCF family,” says Colin Welsh, International Partner at SCF. “Hydrasun is a high quality business that we have admired for a long time and will be an excellent addition to our portfolio.”
Bob Drummond, CEO of Hydrasun, stated, “We are very pleased and excited to partner with SCF, particularly in view of the extent of their previous success and outstanding track record in building truly world class companies. Similarly to Hydrasun, they also have a very clear focus and emphasis on the Energy Transition and the significant opportunities it presents and we are very much looking forward to working with them toward capitalizing on these.
About Hydrasun
Hydrasun is a recognised market leader in the provision of integrated fluid transfer, power and control solution. We are focused on supporting the energy transition through our work in the oil & gas, renewable energy, general industrial and marine industries worldwide. Learn more at www.hydrasun.com.
About SCF Partners
Founded in 1989, SCF Partners (“SCF”) provides equity capital and strategic growth assistance to build leading energy service, equipment, and technology companies that operate throughout the world. SCF has invested in more than 70 platform companies and made in excess of 340 additional acquisitions to develop 17 publicly listed energy service and equipment companies over its history. The firm is headquartered in Houston, Texas and has additional offices in Calgary, Singapore and Aberdeen. Learn more at www.scfpartners.com.
Hugh Sheppard
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(713) 227-7888
SEOUL, South Korea--(BUSINESS WIRE)--#drones--Doosan Mobility Innovation(DMI) is accelerating its plan to enter the European market with the first European dealer, FRP Advanced Technologies Aerospace & Defence, S.L(FRP Tech.).
FRP Tech., is a professional drone sales and service provider, supporting innovative drone solutions and platforms for civil and military sectors. In particular, FRP Tech. plans to provide the optimal solution using DMI hydrogen drone on oil & gas companies and military that requires long endurance.
With a new dealer, DMI will be able to provide product sales and services to European customers.
DMI CEO Lee Doo-soon said, “We are able to enter the European markets that possess high growth potential through collaboration with FRP Tech.” and “The hydrogen drone is highly compatible with Europe’s environmental policies and provides a long endurance solution. It is expected to be used in various fields.”
Additionally, Francisco Requena Paredes, CEO of FRP Tech., said, “DMI’s hydrogen drone can become a game changer in the commercial drone market with its flight time.” and “Hydrogen drones are highly likely to be used in various fields, from wind power plant inspections to public safety.”
Meanwhile, according to Teal Group, the European commercial drone market is expected to reach 760 million USD in 2021, and grow to about 1.8 billion dollar in 2025 as BVLOS flights are partially allowed with the unification of EU regulations.
About Doosan Mobility Innovation
Doosan Mobility Innovation creates the world's first commercialized hydrogen fuel cell system for drones, which have 2-hours of flight time four times than battery drones. With long endurance, DMI’s hydrogen drones are utilized in various industrial fields including utility inspection, delivery, environmental monitoring, and public safety. Based on this green technology, DMI successfully launched its products in USA, China and Korea in 2019 and will expand its business globally.
About FRP Advanced Technologies Aerospace & Defence, S.L
FRP is a consulting and engineering company that integrates for its clients Unmanned Aerial Systems (UAS) technology in the core of their business in order to add know-how in an eco-sustainable vision that introduces hydrogen as a fuel helping to eliminate the carbon footprint. FRP supports the clients for incorporating aerial platforms with specific ad-hoc engineering, payload integration and AI solutions providing innovation for civilian and military sectors.
Doosan Mobility Innovation
Name: Jiwon Yeo
Phone Number: +82-10-2960-0532
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A record 24.7 GW of solar projects were acquired in Q2 2021
AUSTIN, Texas--(BUSINESS WIRE)--Mercom Capital Group, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the second quarter (Q2) and the first half (1H) of 2021.
Total corporate funding (including venture capital (VC) funding, public market, and debt financing) in 1H of 2021 came to $13.5 billion compared to $4.6 billion in 1H 2020, a 193% year-over-year (YoY) increase.
"Funding was up across the board in the first half of 2021 compared to last year, which was severely affected by the pandemic. Corporate M&A activity was up significantly with solar developers expanding their pipelines, oil and gas companies diversifying into renewables, and funds buying up renewable assets. Solar project acquisitions reached a record high in Q2," said Raj Prabhu, CEO of Mercom Capital Group. "The transition from fossil fuels to renewables and ESG investing trends made an impact on financing as well as M&A activity."
Get the report: http://bit.ly/MercomSolarQ22021
CHART: Solar Corporate Funding 1H 2017 – 1H 2021
In 1H 2021, VC funding was 680% higher, with $1.6 billion raised in 26 deals compared to $210 million in 14 deals 1H 2020. The increase in VC funding activity resulted from some large transactions, including Loanpal's $800 million deal in the first quarter of 2021.
CHART: Solar Top VC Funded Companies in 1H 2021
A total of 85 VC investors participated in solar funding in 1H 2021.
Solar public market financing in 1H 2021 was 386% higher, with $3.7 billion raised in 13 deals compared to $758 million raised in six deals in 1H 2020. Shoals Technologies Group's $2.2 billion IPO was a big part of the increase in public market financing activity in 1H 2021.
Announced debt financing activity in 1H 2021 ($8.2 billion in 32 deals) was 125% higher compared to the first half of 2020, when $3.7 billion went into 17 deals. Spurred by low interest rates, a record $2 billion was raised through seven securitization deals in 1H 2021. Cumulatively, over $9 billion has been raised through securitization deals since 2013.
In 1H 2021 there were 54 solar corporate M&A transactions compared to 25 in 1H 2020.
CHART: Solar Top Disclosed M&A Transactions in 1H 2021
There were 34 solar corporate M&A transactions in Q2 2021 compared to 20 in Q1 2021 and 13 transactions in Q2 2020.
CHART: Solar Project Acquirer Mix (%) 1H 2021
Solar project acquisitions in 1H 2021 reached 39.3 GW compared to 14.7 GW in 1H 2020.
Project acquisition activity was at a record high in Q2 2021, with over 24 GW of solar projects acquired compared to 14.6 GW in Q1 2021.
CHART: Solar Project Acquisition Q2 2020 - Q2 2021 (By GW)
There were 376 companies and investors covered in this report. It is 96 pages in length and contains 83 charts, graphs, and tables.
To learn more about the report, visit: http://bit.ly/MercomSolarQ22021
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage/Smart Grid/Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence and strategic decision-making. https://www.mercomcapital.com
Wendy Prabhu, Mercom Capital Group
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1-512-215-4452
OSLO, Norway--(BUSINESS WIRE)--Turbulent Flux, a Software-as-a-Service flow simulation company, today announced a collaboration with Wintershall Dea to provide critical real-time well rate insights that help optimize operations of oil and gas producing assets. The collaboration plays to the commitment of both parties to unleash value from scalable and sustainable technology innovations within the industry.
As Europe’s leading independent gas and oil company, Wintershall Dea is dedicated to a frontrunning position within the digital transition, and has joined forces with innovative teams to provide the next generation tools and services facilitating this.
“We are excited to team up with Turbulent Flux on our digital transformation journey. Turbulent Flux compliments our portfolio of powerful and scalable real-time tools that help us optimize our oil and gas production lines,” says Peter Dabrowski, Project Manager Digitalization at Wintershall Dea.
“Access to quality flow rate predictions and live insights into fluids is the basis for effective production optimization. We are excited to collaborate with a digital frontrunner as Wintershall Dea in solving together the industry’s operational challenges and to enhance our collaboration on the development of user-centric software solutions going forward,” says Gjermund Weisz, COO at Turbulent Flux.
Turbulent Flux’s real-time, cloud-native software solutions are based on a unique hybrid modeling approach, combining predictive capabilities of physical models with machine learning models that assist and self-adjust over time. This assures an unprecedented level of accuracy and accessibility in the market. The portfolio of its proprietary software products ranges from virtual flow metering and pipeline monitoring, to advisers assessing flow instabilities and depositions.
About Wintershall Dea
Wintershall Dea is Europe’s leading independent natural gas and oil company with more than 120 years of experience as an operator and project partner along the entire E&P value chain. The company with German roots and headquarters in Kassel and Hamburg explores for and produces gas and oil in 13 countries worldwide in an efficient and responsible manner. With activities in Europe, Russia, Latin America and the MENA region (Middle East & North Africa), Wintershall Dea has a global upstream portfolio and, with its participation in natural gas transport, is also active in the midstream business.
Wintershall Dea was formed from the merger of Wintershall Holding GmbH and DEA Deutsche Erdoel AG, in 2019. Today, the company employs around 2,500 people worldwide from over 60 nations.
About Turbulent Flux
Turbulent Flux provides real-time simulation software for flow insights for the oil & gas industry. Simulations undertaken are based on a hybrid model combining the predictive capabilities of physical models with the speed and self-correcting abilities of data analytics. We are a trusted software provider to clients around the world.
Gjermund Weisz
COO, Turbulent Flux
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+47 99 60 83 01
Peter Dabrowski
Project Manager Digitalization, Wintershall Dea
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