Company awards more than $1.6M in Million Mile safety bonuses to drivers
LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, recently recognized 116 company drivers for achieving two, three, four, and – for the first time in company history - five million miles driven without a preventable accident, awarding more than $1.6 million in safe driver bonuses. The drivers were honored over the past two weeks during the company’s annual Million Mile Celebration at corporate headquarters in Lowell, marking the 20th anniversary of the event.
“Our Million Mile drivers represent the epitome of who we want all of our drivers to be,” said Nick Hobbs, chief operating officer and president of contract services at J.B. Hunt. “It’s their unwavering commitment to be the very best at what they do that makes this accomplishment so special. We couldn’t do what we do without them.”
To commemorate the milestone, J.B. Hunt drivers and employees participated in the Million Mile Walk of Fame, an annual company tradition. The Million Mile drivers descended four flights of stairs lined with employees greeting them with cheers and applause to express appreciation for their safety efforts.
“We’ve been hosting this ceremony for 20 years, and I believe we’ll be doing it for 20 more,” said John Roberts, president and CEO of J.B. Hunt. “The atmosphere is electric. There’s so much excitement to celebrate our drivers and their achievements.”
The Million Mile Celebration is the premier event for J.B. Hunt drivers and their families. The company has hosted the ceremony since 2001 and has recognized Million Mile drivers dating back to 1971. The event was canceled in 2020 because of the pandemic, so this year’s celebration recognized drivers reaching their million-mile accomplishment over the past two years. This includes the company’s first five million mile driver – Phil Fortin, or Five-Mil-Phil to his colleagues. Fortin surpassed five million safe miles in December 2019.
In addition to the celebration, drivers will receive further recognition on J.B. Hunt’s Million Mile Wall. The wall lists all company drivers who have achieved between one and five million safe miles while employed at J.B. Hunt, totaling almost 4,000 drivers.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
Brittnee Davie
Vice President - Marketing
479.419.3178
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A $95 million contract awarded to begin Houston Ship Channel dredging
HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority met today in a special meeting to consider the first dredge contract for Project 11, the Houston Ship Channel billion-dollar expansion and deepening program.
Great Lakes Dredge & Dock Company, LLC was awarded up to $95,375,349 to dredge 11½-miles of the 52-mile channel, widening a major portion of the Galveston Bay reach from 530 to 700 feet. The work includes the construction of a new bird island and oyster mitigation.
Port Houston negotiated multiple options and selected the approach with the most reduction in overall NOx emissions, using more efficient equipment and providing for retrofitting emission-reduction technology. “It’s a big day for Port Houston and a big day for the region,” Port Houston Chairman Ric Campo emphasized after the vote.
During the meeting, commissioners, staff, and other interested parties acknowledged that Port Houston had successfully managed a highly complex effort, as it spearheaded consideration, communication, and collaboration, among stakeholders ranging from local communities to state and national interests, to continue its accelerated timeframe.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel, including the area’s largest breakbulk facility and two of the most efficient and fastest-growing container terminals in the country. Port Houston is the advocate and a strategic leader for the Channel. The Houston Ship Channel complex and its more than 200 public and private terminals, collectively known as the Port of Houston, is the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. The Port of Houston supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6 percent of Texas’ total gross domestic product (GDP) – and $801.9 billion in economic impact across the nation. For more information, visit the website at www.PortHouston.com.
Lisa Ashley, Director, Media Relations
Office: 713-670-2644; Mobile: 832-247-8179
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--On October 12, 2021, the Board of Directors of Emera Inc. (TSX: EMA) declared quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after November 15, 2021 to the applicable shareholders of record at the close of business on November 1, 2021, as follows:
Emera Inc. hereby notifies the shareholders of its common shares and its First Preferred Shares that such dividends declared qualify as eligible dividends pursuant to the Income Tax Act (Canada) and corresponding provincial legislation.
About Emera
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F, EMA.PR.H, EMA.PR.J and EMA.PR.L. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Dave Bezanson – Vice President, Investor Relations & Pensions
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) announced today that it will release its financial results for the third quarter ending September 30, 2021 after the market closes on Tuesday, October 26, 2021. Following the release, the Company will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Wednesday, October 27, 2021. Presenting the Company’s results will be Chris Wright, Chief Executive Officer, Ron Gusek, President and Michael Stock, Chief Financial Officer.
Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers, (412) 902-6704. Participants should ask to join the Liberty Oilfield Services call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 10148935. The replay will be available until November 4, 2021.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it.
Michael Stock
Chief Financial Officer
303-515-2851
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Bill White and Jose Antonio Miranda appointed Co-Presidents and CEOs of Avangrid Renewables
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today the appointment of Bill White and Jose Antonio Miranda as Co-Presidents & CEOs of Avangrid Renewables. Within this structure, White will serve as Offshore President & CEO and Miranda will serve as Onshore President & CEO effective immediately. The changes come as Alejandro de Hoz, President & CEO of Avangrid Renewables, has decided to leave the company.
“Our renewables business is a meaningful engine of growth for AVANGRID and today we have established ourselves as the third largest renewables generator in the country and the leader in offshore wind,” said Dennis V. Arriola, AVANGRID CEO. “With two strong and experienced leaders like Jose Antonio and Bill, it makes sense to simplify our structure to ensure we are strongly aligned and focused on the key opportunities related to our strategic plan. This is an exciting time for AVANGRID and Avangrid Renewables and I am very optimistic that under Bill and Jose Antonio’s leadership, we will continue to grow our renewables portfolio and improve the operating performance of our existing portfolio of assets.”
White has served as head of U.S. offshore wind at Avangrid Renewables since October 2020 where he has led the development and implementation of the company’s overall offshore wind strategy, which includes projects in Massachusetts, Connecticut and North Carolina.
Prior to joining Avangrid Renewables, White served in a number of roles in the private and public sector related to offshore wind. He also served in the White House as a special assistant to the president and as assistant secretary at the Massachusetts Executive Office of Energy and Environmental Affairs. He is a graduate of Boston College’s School of Management and the Harvard Kennedy School.
Miranda, whose appointment was announced by the company last month, brings with him extensive renewables leadership experience and was previously CEO of Onshore in the Americas region for Siemens Gamesa and Chairman of its Boards in US, Mexico and Brazil. Prior to his decade-long tenure at Siemens Gamesa where he held roles in Europe, Asia and the Americas, he held a variety of roles at the multinational engineering firm, ABB.
Miranda holds a Master of Business Administration from ICADE (Universidad Pontificia de Comillas, Madrid, Spain) and a degree in Industrial Engineering from the Superior Technical Institute of Industrial Engineers of Gijón (Oviedo University, Spain).
Miranda and White will report directly to Arriola and serve on AVANGRID’s Management Committee.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT, with approximately $39 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Media:
Adam Gaber, 917.224.6176 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Analysts:
Patricia Cosgel, 203.499.2624 or This email address is being protected from spambots. You need JavaScript enabled to view it.
- Includes Milestone Commitment to Cut CO2 Emissions by a Quarter By 2030
LONDON--(BUSINESS WIRE)--#ConcreteFuture--Forty of the world’s leading cement and concrete manufacturers today join forces to accelerate the shift to greener concrete by pledging to cut CO2 emissions by a further 25% by 2030, marking a decisive step in the race to ‘Net Zero’ concrete by 2050.
The move by the members of the Global Cement and Concrete Association (GCCA) marks the biggest global commitment by an industry to net zero so far – bringing together companies from the Americas, Africa, Asia, including India and China, and Europe. It follows the September announcement during New York Climate Week that the GCCA has become the first global ‘heavy’ industry accelerator for the UN’s global Race to Zero. GCCA members account for 80% of the global cement industry volume outside of China, and also include several large Chinese manufacturers.
The GCCA has published a detailed roadmap which sets out the path that the industry will follow to fully decarbonize by 2050, a target aligned with the Paris Agreement to limit global warming to 1.5°C. The roadmap actions between now and 2030 will prevent almost 5 billion tonnes of carbon1 from entering the atmosphere compared to a business-as-usual scenario, equivalent to the CO2 emissions of almost 15 billion passenger flights from Paris to New York2.
Concrete is the most used human-made material on the planet with 14 billion cubic meters3 produced every year for use in everything from roads to bridges, tunnels to homes, and hydropower installations to flood defenses. Concrete is an essential element of construction, with no other material equaling its resilience, strength and wide availability. Production of cement, the key ingredient in concrete, accounts for around 7% of global CO2 emissions. The new 2030 commitment by the GCCA outlines a significant acceleration in the pace of industry decarbonization.
The roadmap to get there is built around a seven-point plan that relies on ambitious yet achievable actions to reduce the amount of CO2 intensive clinker in cement, significantly reduce fossil fuel use in manufacturing, and accelerate innovation in products, process efficiency and breakthrough technologies including carbon capture.
While the GCCA has outlined an ambitious programme for its members, it also calls on governments, designers and contractors to fully play their part by assembling the right public policies and investments to support the global scale transition of the industry. These include greater development of critical technologies such as carbon capture and storage, and reforms to public works procurement policy to encourage the use of low-carbon cement and concrete products. Public policy reforms and the promotion of low carbon products can make a big difference as public infrastructure accounts for almost 60% of all global cement and concrete demand.
Thomas Guillot, GCCA Chief Executive, said: “Concrete is the world’s most used building material and provides the foundation for renewable energy transition, resilient infrastructure and new homes around the world.”
He added: “Global cooperation on decarbonizing concrete is a necessity, as countries developing their infrastructure and housing will be the biggest users of concrete in the coming decades. I am proud of the commitment made by our members today to take decisive action and accelerate industry decarbonization between now and 2030, an important milestone towards the ultimate goal of net zero concrete. I envision a world in the not too distant future where the foundation of a sustainable, zero carbon global economy will literally be built with green concrete.
“We now need governments around the world to work with us and use their huge procurement power to advocate for low carbon concrete in their infrastructure and housing needs. We require their support to change regulation that limits the use of recycled materials and impedes the transition to a low carbon and circular economy,” said Mr Guillot.
GCCA member companies operate in almost every country of the world with a global cement and concrete market worth $440 billion4 annually and supporting a wider construction sector which represents 13% of global GDP5. The Association counts companies such as CEMEX, CNBM, CRH, HeidelbergCement, Holcim and Votorantim as members. The industry last year announced its ambition to fully decarbonize by 2050 and today is detailing its roadmap to achieve this goal.
António Guterres, Secretary-General of the United Nations, commented: “I invite all cement companies to join this vital endeavour. The transition cost should not be borne only by the first movers. I call on all governments and relevant actors to align public and private finance and procurement to create strong markets for net zero-aligned industrial production and develop national sectoral roadmaps towards net zero emissions. Three quarters of the infrastructure that will exist in 2050 has yet to be built. Without credible action now, future generations will have no liveable planet to build upon. The United Nations stands ready to support you in accelerating the transformation of your industry.”
Cao Jianglin, the CEO of China National Building Material Company Ltd (CNBM), said: “This is a landmark for industry co-operation in decarbonization. As part of a global industry, it will need collaboration across our sector to achieve it. As one of the leading cement and concrete producers in China, we will play our part in decarbonizing the industry.”
Albert Manifold, GCCA President and Group Chief Executive of CRH plc said: “This Roadmap represents a clear commitment to positive change across our industry and will allow us to sustainably transition to net zero while continuing to supply society with the concrete it needs to grow and prosper.”
The GCCA Global Net Zero Roadmap can be found here. The global launch coincides with the publication of a roadmap for the USA by the Portland Cement Association (PCA) for Carbon Neutrality6.
(ENDS)
1 The roadmap put forward by GCCA will achieve 4.9 billion tonnes reductions of carbon between now and 2030 (GCCA Roadmap calculation).
2 ICAO calculates the carbon footprint of a flight between CDG and JFK as 333.6kg [Link] making the 5 billion tonne carbon saving equivalent to 14.9 billion passenger flights.
3 Equivalent to 32 billion tons of concrete
4 Global cement and concrete market equivalent to $439.2 billion [Link]
5 McKinsey Global Institute, Reinventing Construction [Link]
6 The GCCA partners with a number of national and regional cement and concrete associations across the world, many of which have already announced or are working on country based or globally regional net zero roadmaps, including the UK, Europe, LatAm and the USA.
The GCCA Roadmap to Net Zero sets out a seven-point plan to reduce emissions by another 25% over the next decade. This consists of:
Information on concrete and cement:
About the GCCA
Launched in January 2018, the Global Cement and Concrete Association (GCCA) is dedicated to developing and strengthening the sector’s contribution to sustainable construction. The GCCA aims to foster innovation throughout the construction value chain in collaboration with industry associations as well as architects, engineers, and innovators. In this way, the association demonstrates how concrete solutions can meet global construction challenges and sustainable development goals while showcasing responsible industrial leadership in the manufacture and use of cement and concrete. The GCCA is headquartered in London, England. It complements and supports the work done by associations at the national and regional levels.
Paul Adeleke
Communications and Policy Director, GCCA
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the appointment of Gareth Joyce to the company’s board of directors. Joyce brings extensive experience in the transportation sector, with a focus on electric vehicle battery technology and markets.
“With Gareth’s appointment, we are pleased to add key expertise to the board in support of the company’s recently announced lithium development strategy,” said Joe Reece, non-executive chairman of the board. “Gareth’s leadership in the electric vehicle battery sector, coupled with his hands-on knowledge of driving sustainable operations, will be an excellent addition to our board acumen as we maintain focus on maximizing value of our advantaged assets to benefit all stakeholders.”
Joyce is currently the president of Proterra Inc, a leading commercial electric vehicle technology company. He was promoted to his current position in September 2021 after previously serving as president of Proterra’s Powered and Energy business units since November 2020. From 2016 to 2020, he served in a number of leadership roles at Delta Air Lines Inc., most recently as chief sustainability officer. Prior to his time at Delta, from 2004 to 2016, Joyce held roles of increasing responsibility at Daimler AG, including as president and CEO, Mercedes-Benz Canada, and vice president, customer service, Mercedes-Benz USA. Joyce has also served in a number of consulting and management positions in finance and other fields.
Joyce earned a Bachelor of Science in engineering at the University of the Witwatersrand and a Master of Commerce in business management at the University of Johannesburg, both in South Africa.
Joyce has been appointed to the Environmental, Health, Safety and Sustainability Committee and Nominating/Corporate Governance Committee of the board. With Joyce’s appointment, the board of directors has expanded from eight members to nine.
About Compass Minerals
Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. Its salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial and agricultural applications. And its plant nutrition business manufactures products that improve the quality and yield of crops, while supporting sustainable agriculture. Additionally, its specialty chemical business serves the water treatment industry and other industrial processes. The company operates 15 production and packaging facilities with more than 2,000 employees throughout the U.S., Canada, Brazil and the U.K. Visit compassminerals.com for more information about the company and its products.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the company’s current expectations and involve risks and uncertainties that could cause the company’s actual results to differ materially. The differences could be caused by a number of factors including those factors identified in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the company’s Annual and Quarterly Reports on Forms 10-K and 10-Q, including any amendments, as well as the company’s other SEC filings. The company undertakes no obligation to update any forward-looking statements made in this press release to reflect future events or developments, except as required by law.
Media Contact
Rick Axthelm
Chief Public Affairs and Sustainability Officer
+1.913.344.9198
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Investor Contact
Douglas Kris
Senior Director of Investor Relations
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DUBAI, United Arab Emirates--(BUSINESS WIRE)--On the sidelines of the activities of Expo 2020 Dubai, Morocco officially unveiled its latest investment and export brand: ‘Morocco Now’, an initiative designed to position Morocco as a world-class industrial and export platform to accelerate foreign investments.
Over the past 20 years, under His Majesty King Mohammed VI, Morocco has made great strides in trade and transport infrastructure development and has undertaken an epic approach to achieve industrial acceleration. It now boasts the booming Tanger Med port, the largest global logistics hub in Africa and the Mediterranean. Moreover, the automotive cluster in Morocco has been performing strongly. With the fastest exports growth in the world, it has made the Kingdom the leading car manufacturer in Africa, increasing by more than € 15 billion between 2010 and 2019.
Morocco Now is slated to become a future-proof industrial platform aimed at capturing opportunities in a changing world, where recent global changes generated new requirements, such as environmental emergency, consumer expectation pressures and new regulations, require economic players to adopt decarbonized production. The COVID-19 pandemic also triggered a global value chains reorganization towards more regional integration and less global dependency.
Morocco Now relies on 4 distinctive assets: NOW SUSTAINABLE, renewable energies represented 37% of the energy mix in 2020, the objective is now to attain 52% by 2030; NOW COMPETITIVE, thanks to a “Best Cost” offer based on competitive production and export costs, with privileged access to an international market of +1 billion consumers; NOW Well-Proven, through a strong track record in implementing foreign investments in highly strategic and technical sectors; NOW agile, the capacity to quickly adapt is part of Morocco’s DNA, as recently illustrated in the management of the COVID-19 crisis, with the reallocation of industrial production towards health equipment.
Launching a “new development model”, Morocco has drawn up a clear roadmap for future development, which consolidates its economic progress, to ensure the necessary synergies based on a pragmatic approach, which paves the way for competitive, proactive, and sustainable investment.
The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.
*Source: AETOSWire
Houda Sikaoui, +212651288996
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HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, October 27, 2021 at 12:00 p.m. Eastern Time to discuss its third quarter 2021 earnings release.
To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 5876316 after 11:45 a.m. Outside the United States, parties should dial 213-660-0871 and enter the passcode 5876316. This conference call will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.
A replay of the conference call will be available from October 27, 2021 through November 11, 2021, by dialing 855-859-2056 and entering the passcode 5876316. Outside the United States, parties should dial 404-537-3406 and enter the passcode 5876316.
About Hess Midstream
Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Investor Contact:
Jennifer Gordon
(212) 536-8244
Media Contact:
Robert Young
(713) 496-6076
ASL to also provide a test aircraft to Universal Hydrogen as companies jointly advance eliminating aviation’s global impact on carbon emissions
LOS ANGELES--(BUSINESS WIRE)--#ATR--Universal Hydrogen Co., the company leading the fight to decarbonize aviation through the adoption of hydrogen as a universal fuel, today announced it has executed a letter of intent (LOI) with ASL Aviation Holdings, a global aviation services group based in Dublin, Ireland. ASL will be a global launch customer for the turboprop cargo market and plans to purchase up to ten of Universal Hydrogen’s ATR 72 conversion kits for installation into its existing or future turboprop aircraft fleet.
Upon completion of a collaborative network study and aircraft assessment, Universal Hydrogen’s conversion kits will be installed in ATR 72 planes owned by ASL and operated on services for its major customers throughout Europe. In addition to the conversion kits, ASL has agreed to provide an ATR 72 to Universal Hydrogen to use as its cargo test and certification aircraft.
The ASL CargoVision forum is an initiative to drive innovation and sustainability in the air cargo industry, and working together in this forum Universal Hydrogen and ASL will move quickly to reduce emissions in the critical regional sector served by the ATR 72.
“Air cargo has a unique opportunity to lead the aviation industry as it moves to meet ambitious carbon emissions targets. In ASL we are committed to being a first-mover in the introduction of new emissions reduction technology in our current fleet and hydrogen has a significant role to play with aircraft such as the ATR 72,” said Dave Andrew, CEO, ASL Aviation Holdings. “Aviation cannot wait to act for a decade or more before new aircraft types become available, and by working with Universal Hydrogen we can create a bridge to new aircraft that will allow us to immediately reduce our carbon footprint in line with the environmental sustainability commitments in the ASL Group ESG Policy.”
In connection with the aircraft conversions, Universal Hydrogen and ASL will also enter into a long-term fuel services contract. Universal Hydrogen has agreed to provide green hydrogen fuel to power the converted ATR 72 aircraft in ASL’s fleet.
“In order to reach Paris Agreement targets for aviation emissions we can’t focus on passenger aircraft alone—the cargo market is significant and growing. It’s exciting to see a leading operator like ASL deeply aligned with our vision to make hydrogen the universal fuel for aviation,” said Paul Eremenko, Universal Hydrogen co-founder and CEO. “ASL’s customers represent some of the largest air freight users in the world, and we welcome the opportunity to provide them with a truly clean way to meet growing delivery demands.”
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
About ASL Aviation Holdings
ASL Aviation Holdings is a leading global aviation services provider with five European airlines and two associated airlines in South Africa and Thailand. The Group also includes maintenance companies and leasing entities. ASL has a fleet of 140 aircraft ranging from the B747-400 to the ATR 72 turboprop. The Group’s airlines operate for world-leading express parcel integrators, postal services and e-tailers and also own-brand operates inter-continental scheduled services. Passenger services are also operated in France and in South Africa.
About ASL CargoVision
ASL CargoVision, for greener, sustainable aviation, is a forum developed in late 2020 by ASL and leading new aviation technology companies. The objective is to help raise awareness of ASL and the Forum members’ position on both innovative new technologies and sustainability for air cargo operations. ASL and the other members of the CargoVision Forum will promote these new technologies as they bring sustainability to the aviation industry, and particularly to cargo operations.
Universal Hydrogen Media:
Kate Gundry
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617-797-5174
ASL Aviation Holdings Media:
Saoirse Claffey
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+353 87 696 3202
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) plans to announce its third-quarter 2021 financial results after the market closes on Monday, Nov. 1, 2021.
The company’s third-quarter 2021 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, Nov. 2, 2021, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).
Participants who wish to join the call by phone must register using the following link: https://event.on24.com/wcc/r/3404526/DA261E0446A7A8C1CD98B936760CDEC3
A webcast link to the conference call will be provided on Williams’ website. A replay of the webcast will be available on the website for at least 90 days following the event.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
HOUSTON--(BUSINESS WIRE)--$XPRO #Octopoda--Leading provider of energy services, Expro (NYSE: XPRO), has successfully deployed its OctopodaTM annulus intervention system to restore annulus pressure integrity and return a well to production in Piedemonte region, in Colombia.
The Octopoda system successfully reached 300 meters in the annulus, a world record depth, and sealed the C annulus of the well. This removed the risk of casing collapse and gas migration to enable the well to produce and significantly extend its production lifespan.
Expro collaborated with its client to design and execute this high value-added intervention operation, which was completed at a cost that was estimated to be approximately 25% less than the cost of a conventional workover rig-enabled repair. Moreover, the Octopoda operation resulted in significantly lower carbon emissions than the conventional alternative.
Octopoda removed the need for a heavy workover rig to allow controlled circulation of annular fluids and the installation of a resin plug at the external casing shoe depth. This successfully sealed the annulus and enabled production to be resumed from the wellbore.
Octopoda is the only certified annular intervention system in the world that enables direct intervention of a live annulus without the expense of a heavy workover rig and with a reduced environmental footprint.
The system offers a safe and efficient method for removing shut-in casing pressure. It can be deployed to replace annulus fluid, to increase hydrostatic pressure, and solve casing shoe leakages by placing sealing material on the bottom of the annulus.
Utilizing a unique design, Octopoda is deployed on annulus inlets, removing workover rig requirements, offering an alternative that can be rapidly deployed across all types of installations, onshore and offshore, to maximize operational uptime while reducing overall HSE exposure.
Alistair Geddes, Expro's Chief Operating Officer, commented:
"Everyone at Expro is proud of this outstanding achievement and the team's extraordinary performance to reach new depths. Not only is it Expro's first venture into the Latin American market using the Octopoda system, but a world first.
"Octopoda is already proving itself as an innovative and cost-effective solution for solving well integrity issues across the industry. It enables our customers to prolong their well lifespan, making it economically viable to regain production from shut-in wells.
"Expro’s recent success with Octopoda shows the capabilities of this truly unique technology and our ability to optimize and expand the life of the growing number of aging wells around the world.
"Octopoda is the latest example of Expro’s commitment to investing in innovation, developing new technologies and working towards reducing our own and our clients’ carbon footprint."
Expro
Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and best-in-class safety and service quality. The company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well integrity and intervention.
Founded in 1938, Expro has more than 6,500 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries with over 100 locations.
For more information, please visit: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.
Expro – Hannah Rumbles
+44 (0) 1224-796729
VALLEY FORGE, Pa.--(BUSINESS WIRE)--#EarningsCall--UGI Corporation (NYSE:UGI) will announce the results of its fourth fiscal quarter earnings after the market closes on November 18. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Friday, November 19.
Interested parties may listen to the audio webcast both live and in replay on the Internet at https://www.ugicorp.com/investors/financial-reports/events-and-presentations or by visiting the company website https://www.ugicorp.com and clicking on “Investors” and then “Events and Presentations.”
A telephonic replay will be available from 12:00 PM ET on November 19 through 11:59 PM ET November 26. The replay may be accessed toll free at 855-859-2056 and internationally at +1 404-537-3406, conference ID 8651785.
About UGI
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
INVESTOR RELATIONS
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
Shelly Oates, ext. 3202
DUBLIN--(BUSINESS WIRE)--#floatingwind--Gazelle Wind Power, the developer of a unique floating wind platform, has been named a finalist in the 23rd annual S&P Global Platts Global Energy Awards in two categories: Emerging Technology of the Year and the Rising Star Company Award.
S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks, selected Gazelle for its innovative, stable, hybrid attenuated mooring platform, designed by expert career naval engineers.
“Being recognized by an awards program of this caliber reinforces our position as an important key to opening the massive floating offshore wind market,” said Pierpaolo Mazza, CEO of Gazelle Wind Power. “By combining the best features of tension-leg and semi-submersible platforms - while eliminating their drawbacks - Gazelle’s technology will be a fundamental and disruptive change to the industry".
Gazelle Wind Power’s technology features a patented hybrid floating wind platform with a first-of-its-kind mooring system that surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The design, which recently received a feasibility statement from the leading independent classification society DNV, enables wind turbines to be placed farther at sea in deeper waters to maximize energy production. The patented design allows for 70% less horizontal movement than semi-submersible platforms, has a tilt of less than 1 degree, and has 80% less mooring tension load than tension leg platforms. The Gazelle platform is more compact and simpler to build, deploy, and maintain than other floating platforms, which translates to dramatically lower levelized cost of energy (LCOE).
S&P Global Platts Global Energy Awards recognizes achievements in innovation, leadership, and company performance in 22 categories spanning the entire energy complex.
The award program’s Emerging Technology category recognizes the research and development, ingenuity, and commercialization potential of new technologies before their state of deployment. The Rising Star Company category recognizes businesses that are positioning themselves as key players in the energy sector and have established themselves on the world stage.
Award winners will be revealed during a gala in New York City on December 9, 2021. To view the complete list of Award categories and finalists, as well as more information about the awards and upcoming ceremony, visit the website: www.globalenergyawards.com.
About Gazelle Wind Power
Gazelle Wind Power Limited is unlocking the massive deep-water offshore wind market to achieve global decarbonization. The company’s durable, disruptive hybrid floating platform with a high stability attenuated pitch surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The company is based in Dublin and has a presence in Dubai, London, Madrid, and Paris. For more information, visit www.gazellewindpower.com.
About S&P Global Platts
At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing, and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture, and shipping.
S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments, and individuals to make decisions with confidence. For more information, visit http://spglobal.com/platts.
For Gazelle Wind Power:
Wendy Prabhu | Mercom Communications
T: +1 512 215 4452
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today declared the October monthly distribution of $0.06 per share payable on October 29, 2021, to shareholders of record on October 22, 2021.
Additionally, Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the fund’s direct investments, portfolio asset allocation, structure types and impact statistics as of September 30, 2021, on the company website here. On a monthly basis, details on each private deal that has taken place over the prior month will be published here. The list includes all deals completed since the fund’s inception through September 30, 2021. Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.
You should not draw any conclusions about TPZ’s investment performance from the amount of this distribution or from the terms of TPZ’s distribution policy.
TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ’s investment performance and should not be confused with “yield” or “income.”
TPZ will report the sources for its distributions at the time of the payment in the applicable Section 19(a) Notice. The amounts and sources of distributions TPZ reports are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors, L.L.C. (also dba TCA Advisors) (“TCA”) is the adviser to Tortoise Power and Energy Infrastructure Fund, Inc. and Ecofin Sustainable and Social Impact Term Fund. Ecofin Advisors Limited is a sub-adviser to Ecofin Sustainable and Social Impact Term Fund.
For additional information on these funds, please visit cef.tortoiseecofin.com.
About TortoiseEcofin
TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior living. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. For additional information, please visit www.TortoiseEcofin.com.
Safe harbor statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and TCA believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and TCA do not assume a duty to update this forward-looking statement.
Contact information
For more information contact Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it..
Global integrated energy company will use latest supercomputer, which doubles storage capacity and increases sustainability, to accelerate discovery of new energy sources with advanced modeling and simulation capabilities, while reducing operational costs and energy consumption
HOUSTON--(BUSINESS WIRE)--Hewlett Packard Enterprise (NYSE: HPE) today announced the upgrade of Eni’s existing supercomputer system, HPC4, to accelerate discovery of new energy sources. The new supercomputer, delivered as a service through the HPE GreenLake edge-to-cloud platform, will increase HPC4 performance, improve its computing capacity when running simulations, and double storage capacity to improve accuracy of image-intensive modeling and simulations of complex energy research.
The HPE GreenLake platform, which combines simplicity and agility with the governance, visibility and compliance of an on-premises environment, will allow Eni to more easily monitor HPC4 utilization and energy consumption, helping to increase sustainability.
Eni will house the new HPC4 in the Green Data Center in Ferrera Erbognone, a province in Pavia, Italy. The new HPC4 is built on HPE ProLiant DL385 Gen10 Plus servers.
“In the Age of Insight, harnessing data efficiently and quickly will play a significant role in driving optimal business results,” said Antonio Neri, president and CEO at HPE. “Our comprehensive high-performance computing (HPC) solutions and HPE GreenLake support Eni in achieving greater image accuracy of critical seismic analysis and are key to unlocking outcomes in energy production. We are thrilled to be part of Eni’s important mission to identify and develop new energy sources.”
Doubling storage capacity to support an increasing, image-intensive library of analysis
Eni’s HPC4 has doubled its storage capacity, compared to Eni’s previous system, with 10 petabytes of storage, to support the scaling and image-intensity of its analysis, which are key to developing new energy sources. New expanded storage capabilities from HPE include the Cray ClusterStor E1000 storage system and the HPE Data Management Framework to support complex, image-intensive workloads in modeling and simulation.
The new infrastructure will improve energy usage and reduce electronic waste by using HPE Asset Upcycling Services. This is part of the circular economy initiative from HPE Financial Services, which leverages asset longevity to reuse products, by recycling equipment from its existing HPC4 system and replacing it with newer solutions.
“HPC plays an increasingly important role in fueling innovation, which has a tremendous impact on economic growth for Italy. The ability to process and extract value from data helps organizations identify new opportunities to stay competitive,” said Stefano Venturi, president and managing director at Hewlett Packard Enterprise Italy. “We are honored to have been selected by Eni to deploy powerful supercomputing technologies that will drive innovation for the energy industry as well as digital transformation for our nation.”
Eni’s new HPC4 is built with 1,500 nodes HPE ProLiant DL385 Gen10 Plus servers, which provide dense, flexible platforms with the industry’s most trusted built-in security. The customized HPE ProLiant servers also leverage latest compute with the 3rd Gen AMD EPYC™ processors for modeling and simulation workloads, and accelerated compute and targeted graphics capabilities for image-intensive workloads using the AMD Instinct™ MI100 accelerator and NVIDIA V100 and A100 Tensor Core GPUs.
The HPE GreenLake edge-to-cloud platform provides customers with a powerful foundation to drive digital transformation. The HPE GreenLake platform can run on-premises, at the edge, or in a colocation facility, and combines the simplicity and agility of the cloud with the governance, compliance, and visibility that comes with hybrid IT. HPE GreenLake offers a range of cloud services that accelerate innovation, including cloud services for analytics, bare metal, compute, container management, core payment systems, data protection, electronic medical records, 5G, HCI, high performance compute, machine learning operations, networking, risk management, SAP HANA, storage, VDI, and VMs. The HPE GreenLake business is rapidly growing with over $5.2 billion USD in total contract value and 900 partners selling HPE GreenLake. Today, HPE GreenLake has about 1,200 enterprise customers across 50 countries in all industry sectors and sizes including Fortune 500 companies, government and public sector organizations, and small and midmarket enterprises. For more information on HPE GreenLake, please visit: https://www.hpe.com/us/en/greenlake.html.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, HPE delivers unique, open and intelligent technology solutions delivered as a service – spanning Compute, Storage, Software, Intelligent Edge, High Performance Computing and Mission Critical Solutions – with a consistent experience across all clouds and edges, designed to help customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: www.hpe.com
AMD, the AMD Arrow logo, EPYC, and combinations thereof are trademarks of Advanced Micro Devices, Inc.
Nahren Khizeran
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its third quarter 2021 results on Wednesday, October 20, 2021, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.
Helix will review its third quarter 2021 results on Thursday, October 21, 2021, at 9:00 a.m. Central Time via a live webcast and teleconference. The live webcast will be available on Helix’s website under "For the Investor." Investors and other interested parties wishing to dial in to the teleconference may join by dialing 1-800-785-8944 for participants in the United States or 1-212-231-2910 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on Helix’s website under "For the Investor" by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit www.HelixESG.com.
Erik Staffeldt
Executive Vice President and CFO
email - This email address is being protected from spambots. You need JavaScript enabled to view it.
Ph: 281-618-0465
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release third quarter 2021 operational and financial results after the close of trading on Tuesday, October 26, 2021. Management will also host a live conference call on Wednesday, October 27, 2021 at 9:00 a.m. Central Time to review third quarter 2021 financial results and operational highlights.
To access the live conference call, domestic participants should dial (855) 875-8781 and international participants should dial (720) 634-2925. The conference ID and passcode is 5687666. The live conference call will also be available through the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab. The replay for the event will be available on the Company’s website at www.matadorresources.com on the Events and Presentations page under the Investor Relations tab through November 30, 2021.
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Mac Schmitz
Capital Markets Coordinator
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(972) 371-5225
HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) plans to report Third Quarter 2021 financial results on Thursday, November 4, 2021. Management will present the results during a conference call and webcast at 9:00 a.m. EST (8:00 a.m. CST).
A live webcast of the conference call, including presentation materials, can be accessed through NRG’s website at http://www.nrg.com and clicking on “Presentations & Webcasts” in the “Investors” section found at the top of the home page. The webcast will be archived on the site for those unable to listen in real time.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.
Investors:
Kevin L. Cole, CFA
609.524.4526
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Media:
Candice Adams
609.524.5428
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DUBLIN--(BUSINESS WIRE)--The "EV Charging Station Raw Materials Market by Material Type, Application, and Charging Type - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The EV Charging Station Raw Materials Market is expected to reach $4.91 billion by 2028, at a CAGR of 34.1% during the forecast period, 2021-2028.
By volume, this market is expected to grow at a CAGR of 45.0% from 2021 to reach 665,984.3 metric tonnes by 2028.
The growth of this market is mainly attributed to factors such as supportive government policies for EV charging stations, increasing adoption of EVs, and increasing initiatives by private companies for deploying EV charging infrastructure. The increasing adoption of electric mobility in emerging economies provides significant growth opportunities for market players.
The EV charging station raw materials market is mainly segmented into metals and alloys and polymers based on material type. The polymers segment is expected to grow at the highest CAGR by value during the forecast period. Major factors attributed to this segment's high growth are excellent heat resistance, weather resistance, strength, and lightweight of polymers; ability to be easily molded into any shape and size; and high aesthetic qualities, which enables charging stations to be branded in any color as per the network operators' requirements.
Based on application, the EV charging station raw materials market is segmented into cord, connector gun, enclosure, charger plug holster, nylon glands/lock nut, electric circuit breaker, energy meter and timers, internal wiring, flexible conduit, thermal switch, cable hanger, displays, and other applications.
The connector gun segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to increasing demand for DC fast-charging stations in European countries and the U.S., increasing adoption of electric mobility in emerging economies, increasing initiatives by governments in countries such as India, Thailand, Singapore, and other Southeast Asian countries for rapid deployment of EV charging infrastructure and develop an EV ecosystem for manufacturing of EVSE components.
Based on charging type, the EV charging station raw materials market is segmented into level 1, level 2, and DC fast charging. The DC fast charging segment is expected to grow at the highest CAGR during the forecast period.
The rapid growth of this segment is mainly attributed to growing government initiatives for installing fast-charging stations, rebate on the purchase of DC fast-charging stations, increasing investments from automakers towards the development of DC fast-charging station infrastructure to support their long-range battery-electric vehicle, and ability of DC fast chargers to provide faster charging as compared to Level 1 & Level 2 charging stations.
The Asia-Pacific is expected to witness the fastest growth during the forecast period.
The factors attributed to the high growth of this region are high adoption of EVs and associated infrastructure to meet the climate change commitments, reduce air pollution, and increase energy security; increasing opportunity for economies with less developed automotive manufacturing capabilities to catch up with, or even advance, industry players in more established automotive manufacturing hubs; and ongoing investments by various countries for robust charging infrastructure used in shopping malls, public buildings, and parking facilities.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
The key players operating in the EV charging station raw materials market are
For more information about this report visit https://www.researchandmarkets.com/r/t290i7
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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