SAN FRANCISCO--(BUSINESS WIRE)--As part of its efforts to prepare customers and communities for the growing threat of wildfires, Pacific Gas and Electric Company (PG&E) is providing detailed, localized weather forecasts for customers from its robust weather webpage on pge.com.
The weather webpage offers a seven-day forecast updated daily by a PG&E meteorologist or fire scientist that indicates the potential need to call a Public Safety Power Shutoff (PSPS). PG&E monitors conditions across the system and evaluates whether to turn off power during severe weather to help prevent wildfires.
The PG&E 7-Day PSPS Potential provides an instantaneous sense of what’s going on and what’s ahead. The forecast encompasses all counties in PG&E’s service area and four levels of PSPS potential:
Using the webpage, PG&E customers will also be able to check humidity, precipitation, temperatures, wind speeds and wind gusts across 70,000 square miles of Northern and Central California. Customers will also be able to check for local conditions from the closest weather station in their community.
Additionally, the webpage shows whether the National Weather Service has called a Red Flag Warning. It offers access to the thousands of weather stations and dozens of high-definition cameras in use by PG&E. Also included is a daily sunrise and sunset timetable.
PSPS Criteria
PG&E initiates a PSPS when the weather forecast is for such severe weather that people’s safety, lives, homes and businesses may be in danger of wildfires. As each weather situation is unique, PG&E carefully reviews a combination of factors when deciding if power must be turned off. These factors include:
“We are continuing to build our network of weather stations and cameras to provide the clearest picture about upcoming severe weather events,” said PG&E Meteorologist Scott Strenfel. “The safety of our customers and communities is our most important responsibility. As we continue to work year-round and nonstop to improve our PSPS Program, we’re expanding our meteorological forecasting capabilities to help us prevent and respond to the risk of wildfires.”
This year, PG&E’s decision-making process is also evolving to account for the presence of trees tall enough to strike power lines when determining if a PSPS is necessary.
Address Alerts
This year, PG&E created a new tool to keep non-account holders informed about PSPS outages. The tool, known as Address Alerts, can notify anyone about a PSPS at any address.
Address Alerts might be right for you if:
Customers and non-account holders interested in receiving updates on PSPS events for an address where they do not receive a bill can submit one or more addresses.
If you are a customer, you will automatically receive PSPS notifications for the home or business associated with your PG&E account. To update your contact info, visit pge.com/mywildfirealerts or call 1-866-743-6589.
To sign up for Address Alerts, visit pge.com/addressalerts.
For information about fire conditions in California, go to CAL FIRE’s website, fire.ca.gov. For more information about the Community Wildfire Safety Program, including links to update contact information, resources for PSPS outages and a schedule of upcoming regional open houses and webinars, visit PG&E’s website at pge.com/wildfiresafety.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
LAHTI, Finland--(BUSINESS WIRE)--#DCFastCharging--Kempower, a leading e-mobility charging technology provider, has announced a partnership with Gilbarco Veeder-Root (GVR), the global leader in technology solutions for the retail fueling and convenience market. GVR will offer Kempower’s EV chargers as part of its EVerse offering, which also includes network management software, installation and maintenance services.
Kempower’s DC fast charging solutions are built to scale as the number of EVs on the road continues to rise. The company’s high-quality charging solutions are suitable for all types of EVs, including passenger cars, buses, off-highway vehicles, commercial service fleets and marine vessels.
“We are extremely happy to launch this cooperation with GVR. Our modular approach means that standardized building blocks can be used across our entire product range, enabling the creation of various types of EV chargers and charging systems. Additionally, our technology is scalable, so our customers can make smaller initial investments and add additional power modules later as their business grows,” commented Kempower’s CEO Tomi Ristimäki.
With a strong heritage of providing industry-leading integrated software, hardware and services for the retail fueling and convenience market, GVR offers broad market reach, proven reliability and expert industry insights on how customers are evolving their workflows to address the growing complexity shaping the e-mobility infrastructure landscape. The company specializes in creating end-to-end EV charging infrastructure solutions to improve the consumer experience and increase productivity for operators.
“Our native IoT chargers can be updated remotely and in real-time, reassuring our customers that their chosen solutions are future-proof and cloud-connected at all times. The modularity of the products also ensures that they have a small footprint, allowing GVR’s customers to make use of limited space in densely populated areas,” Ristimäki added.
Press images:
https://kempower.com/information-center/download-center/
About Kempower
Kempower designs and manufactures DC fast charging solutions for electric vehicles and machines. We’re a team of electric vehicle enthusiasts with a deep understanding of the charging market and a hands-on mentality. Our product development and production are rooted in Finland, with over 90% of our materials and components sourced locally. We focus on all areas of transportation, from personal cars and commercial vehicles to mining equipment, boats and motorsports. With 70 years of experience in perfecting power sources, we set the bar in engineering and user-experience design.
About Gilbarco Veeder-Root
Gilbarco Veeder-Root (GVR) is the global leader for technology solutions for retail fueling and convenience market. For over 150 years, GVR has been keeping the world moving, earning the trust of its customers by providing long-term partnership, uncompromising support, and proven reliability. Major product lines include point-of-sale software, payment systems, EV charging solutions, fuel dispensers and tank gauges and fleet management solutions.
Tomi Ristimäki
CEO
Kempower
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+358 44 289 9815
Paula Savonen
Communications Director
Kempower
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+358 400 343 851
30 high school seniors to be awarded $40,000 to help them follow their STEM dreams
ROSEMEAD, Calif.--(BUSINESS WIRE)--High school seniors looking to create a more reliable, resilient and safer world through the study of science, technology, engineering or math (STEM) are invited to apply for Edison International’s $1.2 million Edison Scholars Program.
Each year, Edison International, the parent company of Southern California Edison, awards $40,000 scholarships, paid over four years, to 30 high school students who plan to major in designated STEM fields at a four-year accredited U.S. college or university. See the list of eligible STEM majors here.
“Students from all backgrounds need support and encouragement, especially when considering a career in STEM,” said Pedro J. Pizarro, president and CEO of Edison International. “We need their ideas, solutions and passion to tackle the challenges facing the energy industry and decarbonizing our economy. The Edison Scholars Program will help students pursue their dreams and power a clean energy future that is just, affordable and equitable for everyone.”
Edison International has awarded an estimated $12.3 million in scholarships to 700 students through the Edison Scholars Program since its inception in 2006.
Edison International is accepting scholarship applications through Dec. 13. To apply and obtain additional eligibility information, visit: edisonscholars.com.
Applicants must live in SCE’s service area and plan to be a full-time undergraduate student majoring in a STEM field. Eligible students also must be a high school senior, have at least a cumulative 3.0 GPA and demonstrate financial need. Students from underserved communities and ethnic minorities are encouraged to apply. Dependents of Edison International and SCE employees and retirees are not eligible for the Edison Scholars Program.
Scholarship recipients will be announced next spring. They may also be eligible for summer internships at SCE after completing their second year of college.
“I was awarded the scholarship in 2014, and then my brother won seven years later,” said Diana Valenzuela currently an employee at SCE. “Winning the scholarship was life changing for me and my family, and it will be amazing to see the class of 2022 achieve their goals with help from Edison.”
Edison International’s support of charitable causes, including the Edison Scholars Program, is funded entirely by Edison International shareholders. SCE customers’ utility bill payments do not fund company donations.
About Edison International
Edison International (NYSE: EIX) is one of the nation’s largest electric utility holding companies, providing clean and reliable energy and energy services through its independent companies. Headquartered in Rosemead, California, Edison International is the parent company of Southern California Edison Company, a utility that delivers electricity to 15 million people across Southern, Central and Coastal California. Edison International is also the parent company of Edison Energy, a global energy advisory company delivering comprehensive, data-driven energy solutions to commercial and industrial users to meet their cost, sustainability and risk goals.
Media Contact: Taelor Bakewell, (626) 302-2255
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 4, 2021.
Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, and Vice President, Controller and Chief Accounting Officer Steven W. Morris will present an overview of results and discuss other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may listen to the conference live by calling (877) 303-5852 using passcode 8090438, or by accessing the webcast on ALLETE’s website, www.allete.com.
A replay of the call will be available through November 11, 2021, by dialing (855) 859-2056, conference identification number 8090438. The webcast will be accessible for one year at www.allete.com.
ALLETE is an energy company headquartered in Duluth, Minn. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, BNI Energy in Bismarck, N.D., and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP
Investor Contact:
Vince Meyer
218-723-3952
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB):
October 2021 Cash Dividend - $0.06 per share
Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of October 2021 of $0.06 per share payable on November 15, 2021. The record date is October 31, 2021 and the ex-dividend date will be October 28, 2021. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to: future dividends which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2020, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587)
HIGHLIGHTS
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG):
WILLISTON BASIN ACQUISITION
Northern has entered into a definitive agreement to acquire non-operated interests across over 400 producing wellbores located primarily in Williams, McKenzie, Mountrail and Dunn Counties, ND for a purchase price of $154 million in cash, subject to typical closing adjustments. Northern expects to fund the acquisition with cash on hand, operating free cash flow and borrowings under Northern’s revolving credit facility.
Northern expects a significant increase to its borrowing base from both the acquired and existing assets and will begin the process to expand its elected commitment during its regularly scheduled fall borrowing base redetermination, which it expects to complete in November 2021.
October production on the assets is expected to be greater than 4,500 Boe per day (2-stream, ~65% oil) and Northern expects average production of more than 4,100 Boe per day in 2022 (2-stream, ~65% oil). Northern expects negligible capital expenditures on the assets.
The acquired assets include 65.9 net producing wells. The assets are operated by multiple operators in the Williston Basin, and Northern holds existing ownership positions in 84% of the wellbores acquired.
The effective date for the transaction is October 1, 2021 and Northern expects to close the transaction within 40 days.
INCREASED STOCKHOLDER RETURNS
Given the strong, low risk cash flows from the acquired properties, Northern’s Management plans to submit a request to the Board of Directors for a 33.3% increase to the common stock dividend for the fourth quarter of 2021, for shareholders on record as of December 31, 2021. This anticipated increase to a dividend of $0.06 per common share represents a 100% increase since the initiation of a dividend program in May 2021. Under Delaware law, the Board may approve such a measure within 60 days of the record date.
MANAGEMENT COMMENTS
“We remain consistent with our strategy,” commented Nick O’Grady, Chief Executive Officer of Northern. “The focus continues on being the natural consolidator of working interests and executing with financial discipline, concentrating on cost of entry, return on capital employed and cash flow net to our shareholders. Despite purchasing the assets with cash, we still expect a 1x leverage ratio by year-end 2022. With the planned dividend increase, we will have doubled our shareholder return program in less than five months since inception.”
“This is our third major transaction this year in as many basins,” commented Adam Dirlam, Chief Operating Officer of Northern. “Our team’s ability to actively pivot has provided for consistent optionality to pursue value enhancing opportunities in the most prolific basins across the US.”
ADVISORS
Kirkland & Ellis LLP is serving as Northern’s legal advisor.
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Northern Oil and Gas, Inc. can be found at www.northernoil.com.
SAFE HARBOR
This press release contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”). All statements other than statements of historical facts included in this release regarding Northern’s financial position, common stock dividends, including any increases thereto, business strategy, plans and objectives of management for future operations and industry conditions are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond Northern’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in crude oil and natural gas prices, the pace of drilling and completions activity on Northern’s properties and properties pending acquisition, the effects of the COVID-19 pandemic and related economic slowdown, Northern’s ability to acquire additional development opportunities, changes in Northern’s reserves estimates or the value thereof, general economic or industry conditions, nationally and/or in the communities in which Northern conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, Northern’s ability to consummate any pending acquisition transactions (including the transactions described herein), other risks and uncertainties related to the closing of pending acquisition transactions (including the transactions described herein), Northern’s ability to raise or access capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting Northern’s operations, products, services and prices.
Northern has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond Northern’s control. Northern does not undertake any duty to update or revise any forward-looking statements, except as may be required by the federal securities laws.
Mike Kelly, CFA
Chief Strategy Officer
(952) 476-9800
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MACEDONIA, Ohio--(BUSINESS WIRE)--TPC Wire & Cable (TPC) today announces the formation of the Trexon brand, which encompasses the brand portfolio of TPC, Pittsburgh Wire and Cable, MilRail, EZ Form Cable, CiCoil, Hydro Group, Integrated Cable Systems (ICS) and The First Electronics Corporation (FEC). The company is headquartered in Macedonia, Ohio.
Trexon is a leading provider of unique connectivity solutions built to withstand the toughest environments and the most exacting applications. The new brand is comprised of some of the most innovative specialty connectivity companies in the world.
There are two divisions within Trexon: Industrial Products and Engineered Products. Industrial Products is comprised of TPC, MilRail, and Pittsburgh Wire and Cable, and its products are manufactured to provide top performance in the most demanding environments. Engineered Products is comprised of CiCoil, EZ Form Cable, Hydro Group, ICS and FEC, and its products are designed into exacting and mission-critical applications.
The existing TPC leadership will take the helm at Trexon, with Jeff Crane as President and CEO, Todd Spaulding managing the Industrial Products business, and Nildeep Patel leading the Engineered Products business.
“The collective strength of Trexon’s brands puts us in a unique position to provide the best possible high-performance wire and cable solutions to our customers,” said Jeff Crane, President and CEO, Trexon. “We care deeply about pioneering new solutions and collaborating with our customers to solve the world’s most challenging connectivity problems.”
Trexon promises to always design for durability and engineer for excellence, leveraging collective market expertise, collaboration, and a flexible service model that allows them to design connectivity solutions that increase performance and maximize uptime for customers. Each of Trexon’s leading specialty connectivity companies will play an important role in this mission.
“All of the companies under the Trexon umbrella bring with them their own brand identity and strong heritage,” added Jeff Crane. “We will protect and build upon these legacies even as we establish this new Trexon brand to convey a collective global message about the unique connectivity solutions that we provide.”
About Trexon
Trexon is built through the transformative combination of some of the most innovative specialty connectivity companies in the world. They provide unique connectivity solutions that withstand the toughest environments and most exacting applications. Headquartered in Macedonia, Ohio, U.S.A., Trexon has more than 700 connectivity experts serving the daily needs of customers across the United States, Canada, Central and South America, Europe, and East Asia. For additional information, please visit www.trexonglobal.com. Trexon is a portfolio company of Audax Group, a private equity group based in Boston, Massachusetts, U.S.A.
Jennifer Readence
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+1 216 525 4425
Ross Martinez
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+1 480 356 9066
Advent’s Partner in Thailand places new order for 4th generation SereneU fuel cells to support microgrids on remote islands
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”) today announced that a new order was placed late last month for SereneU 5kW fuel cells to roll out in the Asian market. The new fuel cell stacks and reformers are intended to support internal testing setups to evaluate performance and to showcase results with Thai telecom operators.
Advent Technologies A/S (formerly SerEnergy) has been a partner of Thailand-based Alright Combination Centric Co., Ltd. (ALCC) since 2017. ALCC is a product distributor and service provider to Thailand’s ICT industry. The 5kW fuel cell will address the multi-million USD telecom sector in Thailand as well as support ALCC’s government projects for microgrids on remote islands and for backup at the Marine Security Center of the Royal Thai Navy.
Advent SereneU fuel cells are the company’s 4th generation fuel cells, which provide customers a lifetime extension to minimize maintenance and leverage profitability. This new generation introduces advantages, including longer lifetime, less service and maintenance fees, and improved total cost of ownership (TCO). The product upgrade places Advent fuel cells in a pivotal position to respond to an increasing global demand for sustainable energy.
Additional benefits of SereneU include:
Advent Technologies Holdings Chief Marketing Officer Chris Kaskavelis noted: “The race to zero emissions via advancements in fuel cell technology is happening at a rapid pace, worldwide. At Advent, we have established global networks to meet a growing demand for our clean fuel cell systems. We look forward to supporting ALCC as the company enables operators and other industries across Thailand to decarbonize by using our cutting-edge methanol-based fuel cell systems.”
ALCC Managing Director Adisak Phungsil added, “We look forward to receiving Advent’s recently launched and improved 5kW fuel cells for our evaluations and showcase to potential customers in Thailand. We have experienced an increased demand for CO2 reducing technologies already in the telecom sector and are also working on the penetration into market applications of microgrids and backup power at seaports. We are happy about the partnership with Advent’s Philippine team. It runs smoothly, they deliver on-time high quality products, and we look forward to continuously working with them on the distribution of SereneU helping customers in their green transitions.”
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 100 patents issued for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enable various fuels to function at high temperatures under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
About Alright Combination Centric Co., Ltd.
Alright Combination Centric Co., Ltd. “ALCC” is a System Integration Reseller and Professional Services company in IT & Telecommunication networking solutions and distributor of Renewable power, formed in 2011. ALCC located in Bangkok, Thailand. ALCC provides ICT solution such as consultancy, design, configuration, implementation, project management by selecting a set of related products with one-stop solutions to its customers. ALCC services cover to warranty period and can be extended to maintenance supports, manage service. ALCC was established in 2011, experiencing rapid growth and expansion. They are committed to a target-oriented growth strategy focused on helping clients improve network performance by adding knowledge and experience. ALCC clients’ applications range from small single building entities to large county-based systems. Learn more: https://www.alcc.co.th/.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance our corporate reputation and brand; expectations concerning our relationships and actions with our technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information we file with the SEC. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
James Goldfarb / Emily Mohr
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DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) will host a conference call on Thursday, November 11, 2021, at 10:00 a.m. Eastern to review the company’s Fiscal 2021 year-end and fourth quarter financial results. Atmos Energy will release these results on Wednesday, November 10, 2021, following the market close.
To listen to the conference call, please dial either the toll-free or international number provided below. You may also listen to the call on the Atmos Energy website at www.atmosenergy.com. The Internet broadcast will be archived for thirty days.
Conference Call Details
November 11, 2021
10:00 a.m. Eastern / 9:00 a.m. Central
Toll-free: 877-407-3088
International: 201-389-0927
(No pass code)
Internet webcast: www.atmosenergy.com
Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.
Analyst and Media Contact:
Dan Meziere
(972) 855-3729
WASHINGTON--(BUSINESS WIRE)--#BIF--The U.S. must deploy a minimum of 103 gigawatts (GW) of distributed, local solar power and 137 GW of distributed energy storage by 2030 to achieve President Biden’s climate and equity goals at the lowest cost. This is one of the core findings of a new report issued today by Local Solar for All, a broad coalition of local solar advocates, based on analysis from electric grid modeling experts Vibrant Clean Energy.
The report is part of a growing body of research that calls out the financial and societal benefits of significantly growing the amount of local, distributed solar and storage deployed on the U.S. electric grid. The U.S. Department of Energy’s Solar Futures Study released earlier this month and the Solar Energy Industries Association’s recent 30x30 analysis each come to similar conclusions as this modeling: over the next ten years, distributed generation (community and rooftop solar) must grow between two to four times faster than in the previous decade (2010 to 2020) in order to reach the nation’s climate and energy goals at the lowest cost.
“This modeling aligns with other research and represents a floor for how much distributed rooftop and community solar and storage will be needed to meet President Biden’s clean energy, climate, and equity goals at the lowest cost,” said Jeff Cramer, Executive Director of the Coalition for Community Solar Access. “We have always known that customers want distributed solar and storage and that they bring significant societal benefits, but we now know that at-scale, these assets also save the grid and all ratepayers money. Congress and state policymakers should double down on the programs and policies that will accelerate the growth of community and rooftop solar and storage so we can build a clean, low-cost electric grid that works for all Americans.”
Using conservative cost and technology assumptions, the report examined how to build the lowest cost grid using President Biden’s climate goals as key constraints: 80% clean electricity by 2030, 50% economy-wide carbon reductions by 2030, 95% economy-wide carbon reductions by 2050, and 100% electrification of the economy by 2050.
The key findings include:
Not included in the report, but key to achieving President Biden’s Justice40 goals, is the ability for 50% of local rooftop and community solar capacity to be directed to low- to moderate-income (LMI) households, which could lower the energy burden for between 8-15 million LMI households.
“This study backs up the findings of other recent studies - that emphasizing local solar and battery storage, in partnership with large-scale renewables, leads to more societal benefits and lower costs,” said Rob Sargent, Campaign Director for Local Solar for All. “By making rooftop and community solar a priority in President Biden’s plan for 80% clean energy by 2030, we can save money and create more jobs, while building the foundation for a more equitable, consumer-focused energy system powered entirely by clean electricity.”
“The best way to implement President Biden’s goal of producing 45% of the nation’s electricity from solar by 2050 and enact the Justice40 Initiative is with rapid acceleration of distributed solar and battery storage,” said Suzanne Leta, Head of Policy and Strategy for SunPower. “American families deserve quick and decisive action from Congress to make the investments required to achieve these objectives.”
"These results show home solar and batteries play a vital and necessary role in President Biden’s ambitious clean energy and infrastructure goals,” said Anne Hoskins, Chief Policy Officer for Sunrun. “As we’ve seen in previous models, investing in DERs reduces costs for everyone - and creates a clean, resilient, and equitable energy system."
The report leverages a state-of-the-art grid planning model developed by Vibrant Clean Energy called WIS:dom®-P. The model analyzes trillions of data points including every potential energy resource and the direct costs and benefits associated with bringing the most cost effective resource mix to the electric grid. Importantly, unlike most traditional models, the model takes into account, and enhances the delivery of, local solar and storage generation located closer to customers on the distribution side of the grid.
The authors of this report, along with a broad coalition of advocates representing civil rights, indigenous, environment, equity, rural, and business organizations, have been calling on Congress to prioritize the equitable and just deployment of renewable energy through policies that support expanding local rooftop and community solar power for all. Advocates released a policy roadmap which, among other things, advocates for Congress to extend and expand the solar investment tax credit (ITC), create $10 billion in grant funding opportunities for rooftop and community solar, and support distributed energy resources in the Clean Electricity Performance Program (CEPP).
Find a summary of the analysis here and a slide deck highlighting key findings here. Find a list of endorsements of this report here, including representatives of Vote Solar, Earthjustice, Environment America, GreenLatinos, GRID Alternatives, the Institute for Local Self-Reliance, the Solar & Energy Storage Association of Puerto Rico, and Solar United Neighbors.
Join advocates for a webinar reviewing the findings at 3:00pm ET on Thursday, October 7. Register here.
ABOUT LOCAL SOLAR FOR ALL
Local Solar for All’s mission is to create a safer, more affordable, and equitable way to supply power to our communities. The campaign is focused on promoting the benefits of local clean energy production and encouraging federal and state governments to accelerate the development of a more decentralized, distributed energy system. The campaign is being run by solar energy and storage companies, clean energy industry groups, and non-profits including the Coalition for Community Solar Access, Vote Solar, Solar United Neighbors, Sunrun, SunPower, Engie, IGS, and Sunnova. For more information, visit www.localsolarforall.org.
Jamie Nolan for Local Solar for All, This email address is being protected from spambots. You need JavaScript enabled to view it., 410-463-9869
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that it plans to issue its earnings release with respect to third quarter 2021 financial results on Thursday, November 4, 2021 before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) that day to discuss third quarter results.
A listen-only webcast of the call and accompanying slide presentation will be available on the Company’s website at www.cheniere.com. After completion of the webcast, a replay will be available on the Company’s website.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings 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 or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, statements relating to Cheniere’s ability or plans to pay or increase dividends to its shareholders, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes 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. Cheniere’s 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 Cheniere’s periodic reports that are filed with and available from 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 under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Cheniere Energy, Inc.
Investors
Randy Bhatia 713-375-5479
Media Relations
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TA Express Franchise Continues Network Growth
WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA), nationwide operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center network, is pleased to announce the opening of a new TA Express travel center in Almeda, Texas on State Highway 288 at 12602 South Freeway, within the Houston Metropolitan Area. The new TA Express is a franchised site, formerly known as Swift Mart, and expands TA’s total nationwide network of travel centers to 276, including 43 franchised locations.
TA Express Almeda offers fueling, convenience items, dining options and other services for professional drivers and motorists. As part of the conversion to a TA Express, the site was remodeled to include new restrooms, showers, laundry facilities and a driver lounge. Amenities include:
“Franchising our TA Express brand has allowed us to expand our network to serve more travelers,” said Jon Pertchik, Chief Executive Officer of TA. “We are pleased to have another updated, refreshed facility for the many professional drivers and motorists passing through the Houston area.”
About TravelCenters of America
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in over 275 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Tina Arundel
TravelCenters of America
440-250-4758
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NRG celebrated as one of 27 companies in Greater Philadelphia paving the way for gender equity
HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) today announced its recognition as a Champion of Board Diversity by The Forum of Executive Women, the Greater Philadelphia Region’s premier women’s organization. The Forum of Executive Women annually honors the top public companies in the Greater Philadelphia Region with 30% or more women on their respective boards. This is the first time that NRG has been honored as a Champion of Board Diversity.
“At NRG, diversity, equity and inclusion are among our corporate values—principles that we all strive to live by every day,” said Mauricio Gutierrez, President & CEO, NRG Energy. “Our board’s diversity of experience and backgrounds allows us to better serve our customers and communities while creating more opportunity for all.”
The Forum of Executive Women's annual Women in Leadership Report, compiled in partnership with PwC, examines diversity in the boardrooms and executive suites of the top 100 public companies in Greater Philadelphia. This year, the Forum and PwC report a record number of Champions of Board Diversity -- with 27 companies receiving the designation, up from 17 organizations in the year prior. The Champions of Board Diversity were celebrated today at The Forum’s Virtual Leadership Breakfast, where Valerie Jarrett, former senior advisor to former President Barack Obama, offered a keynote.
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.
About The Forum of Executive Women
Founded in 1977, The Forum of Executive Women is the Greater Philadelphia Region’s premier women's organization, actively working to increase the number of women in leadership roles, expand their impact and influence, and position them to drive positive change in the Greater Philadelphia Region. Forum membership has grown over four decades to comprise more than 500 of the most senior leaders in corporations, firms, not-for-profit organizations and the public sector throughout the Greater Philadelphia Region. Visit www.foew.com for more information.
Investors:
Kevin L. Cole, CFA
609.524.4526
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609.524.5428
NEW YORK & HAIFA, Israel--(BUSINESS WIRE)--BreezoMeter, the company that delivers street-level air quality data and informed lifestyle recommendations to consumers in 100+ countries, today announces its work with Volvo Cars. BreezoMeter will now offer car passengers another layer of protection from outdoor pollution, through real-time updates about their exposure to hazardous air quality. The company delivers micro-local environmental intelligence (within 5 meters of the driver) through the vehicle’s HMI (human-machine interface).
Passengers can then use these updates to find alternative routes and make other informed decisions to decrease their exposure to toxic air, such as when to open and close windows.
Traffic has a disproportionately negative impact on air quality. In fact, in a study conducted by the University of Leeds, drivers were found to be exposed to higher levels of air pollution while on the road than cyclists, pedestrians or bus passengers. The air quality in traffic is especially toxic considering the presence of the pollutant PM2.5--particulate matter that is small enough to enter people’s respiratory systems unnoticed, posing serious short-term and long-term health risks. As awareness of their exposure to toxins grows, drivers are more likely to demand air quality treatment solutions and in-cabin contamination prevention in the vehicles they purchase.
Volvo Cars has provided car owners with its Advanced Air Cleaner (AAC) technology, that cleans out fine particulate matter from the cabin, as well as notifies the driver of the PM2.5 levels in the car.
With the integration of BreezoMeter’s air quality data, drivers of Volvo cars can also monitor the air quality outside of the car. Drivers now have access to the highest accuracy air quality intelligence, not only within the cabin but also outdoors, in real time, while in any location. This information enables drivers to compare outside and inside air quality, as well as how well Volvo Cars’ systems clean the cabin. All of this results in even more informed daily driving decisions and a way for drivers to directly optimize the quality of the air inside their car, reduce their exposure to air pollution, and minimize related adverse health effects.
About BreezoMeter’s Technology
In order to provide the most high-resolution and real-time air quality information, BreezoMeter takes into account multiple data sources of air pollution information, including more than 47,000 local sensors worldwides, satellites, governmental authorities, traffic and meteorological data and more. It then deploys specialized algorithms and machine-learning techniques to assess and report on the air quality in any given location. and follows a strict QA process before reporting to the user. All of this ensures the highest level of accuracy available on the market today.
Live outdoor environmental intelligence at this level of accuracy and granularity has the potential to improve both the driver and passenger experience, by providing a means to prevent in-cabin contamination in the first place. Alongside forecast information for both air pollution and pollen, drivers are now able to receive personalized navigation suggestions For example, drivers are able to choose the cleanest route to their destination based on knowing where there is poor air quality, high pollen levels and/or fire hazards along the way to their destination. Drivers can also respond to air quality alerts by activating the in-cabin air purification system or even simply closing the windows.
“This project is a great example of how the automotive industry can fully realize the potential of BreezoMeter’s environmental intelligence in pursuit of limiting car owners and customers’ exposure to poor air quality caused by pollution,” said Ran Korber, CEO of BreezoMeter. “Volvo is not only informing drivers of exposure to poor air quality; they’re also empowering them to do something about it. The combination of our outdoor air quality information and Volvo Cars’ innovative, cabin air monitoring and cleaning solutions allows for more informed decision making and healthier lifestyle choices.”
About BreezoMeter
BreezoMeter transforms live environmental intelligence into actionable insights and delivers them to consumers through mobile apps, smart home IoT devices, cars and other connected experiences. Brands like Apple, L’Oreal and AstraZeneca rely on BreezoMeter to provide real-time air quality data to their customers, so they can make informed decisions about when to go outside, how to best protect themselves, which travel routes to take, and even where to live. BreezoMeter uses AI and machine learning to gather and understand data from multiple sources — including more than 47,000 sensors worldwide. The result is street-level air quality resolution (within 5 meters), and pollen, pollutants and fire data, in more than 100 countries.
About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.
As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China).
Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.
Media
Kieran Powell
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, November 4, 2021 at 10:00 a.m. Central Time to discuss the third quarter 2021 earnings results, which will be released earlier that day. The conference call may be accessed by dialing toll-free 844/889-7787, reservation passcode 9989773. International callers may access the conference call by dialing 661/378-9931, reservation passcode 9989773. The partnership intends to have a playback available following the conference call, which may be accessed by dialing toll-free 855/859-2056, reservation passcode 9989773. International callers may access the playback by dialing 404/537-3406, reservation passcode 9989773.
Persons interested in listening to the live presentation or a replay via the internet may access the presentation directly at https://edge.media-server.com/mmc/p/qiscvwwz or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at www.nustarenergy.com/Sustainability.
NuStar Energy, L.P., San Antonio
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314/210-410-8926
IRVING, Texas--(BUSINESS WIRE)--ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels.
The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total significant discoveries to more than 20 within the Stabroek Block. The Cataback-1 well encountered 243 feet (74 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. It is located approximately 3.7 miles (6 kilometers) east of Turbot-1 and was drilled in 5,928 feet (1,807 meters) of water by the Noble Tom Madden.
“This discovery adds to the resource in the Turbot/Tripletail area, enhancing the development project potential,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “Our proprietary technologies, global exploration experience and drilling capabilities continue to yield positive results in the Stabroek Block, which will generate additional value for Guyana.”
ExxonMobil’s recent discoveries and ongoing projects continue to contribute to the advancement of the Guyanese economy, with more than 2,850 Guyanese now supporting the company’s project activities. ExxonMobil and its key contractors have spent over $480 million with more than 800 Guyanese vendors since 2015.
The Stabroek Block is 6.6 million acres (26,800 square kilometers). ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Petroleum Guyana Limited holds 25 percent interest.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans, schedules, capacities, production rates, and resource recoveries could differ materially due to: changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments including obtaining necessary regulatory permits; reservoir performance; the outcome of future exploration efforts; timely completion of development and construction projects; technical or operating factors; the outcome of commercial negotiations; unexpected technological breakthroughs or challenges; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com and under Item 1A. Risk Factors in our annual report on Form 10-K and quarterly reports on Form 10-Q. References to “recoverable resources,” “oil-equivalent barrels,” and other quantifies of oil and gas include estimated quantities that are not yet classified as proved reserves under SEC definitions but are expected to be ultimately recoverable. The term “project” can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.
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The acquisition strengthens Lineage’s ability to serve customers worldwide, including locations in France and Germany, and enhances Lineage’s value-added services offerings
Kloosterboer is a recognised sustainability leader, aligning with Lineage’s focus on this critical area
Uniting the companies’ innovation and warehouse automation capabilities will lead to greater supply chain efficiencies for customers
AMSTERDAM--(BUSINESS WIRE)--#onelineage--Lineage Logistics LLC, a leading global temperature-controlled industrial REIT and logistics solutions provider, has completed its acquisition of Kloosterboer Group, a Netherlands-based, family-owned cold storage company with a strong global footprint. The companies combine to create an enhanced facility network in key European markets with a focus on sustainability and innovation within the temperature-controlled supply chain.
Kloosterboer has 900 team members and 11 strategically located facilities in the Netherlands, France, Germany, Canada and South Africa, totalling 6.4 million cubic metres of capacity and 790,000 pallet positions, with a commercial focus on port-based activities and highly-automated warehouse solutions. Kloosterboer also provides value-added services like freight forwarding, customs brokerage, juice blending, container handling, and intermodal transport.
“We welcome the Kloosterboer team to the One Lineage family and are thrilled to unite with an organization that has a nearly 100-year history of being entrepreneurial and customer centric. We look forward to integrating their state-of-the-art facilities and diverse services so we can better serve our customers in Europe and around the world. It’s also clear that we have cultural alignment with a shared focus on leading the industry in sustainability and innovation,” said Harld Peters, Senior Vice President for Europe at Lineage.
Sustainability leadership in the sector has been a hallmark for Kloosterboer. Five facilities have been recognized by BREEAM (Building Research Establishment Environmental Assessment Methodology) and the company’s use of nearly 18,000 solar panels and four wind turbines have reduced the equivalent CO2 consumption of more than 4,100 households.
Both companies are known as leaders in developing and operating the industry’s most sophisticated fully automated temperature-controlled warehouses. These buildings are capable of handling large quantities of product with an exceptional level of accuracy while using fewer resources, particularly electricity. Combining capabilities in automation with Lineage’s applied sciences knowhow will lead to new innovations in warehouse design that should yield even greater efficiencies in the supply chain, creating value and further reducing the environmental footprint for customers.
Lineage’s company’s European operations are headquartered in Amsterdam, The Netherlands, with a network spanning Belgium, Denmark, Norway, Poland, Spain and UK. With Kloosterboer, Lineage will add locations in France, Germany and South Africa to the list, and Kloosterboer facilities on the east coast of Canada will complement Lineage’s existing operations in Montreal and Ontario.
Nielen Schuman acted as financial advisor to the Kloosterboer family and De Brauw Blackstone Westbroek served as its legal counsel. Rabobank and Morgan Stanley acted as Lineage’s financial advisor and Latham & Watkins and NautaDutilh served as its legal counsel.
About Lineage Logistics
Lineage Logistics is one of the leading temperature-controlled industrial REIT and logistics solutions providers worldwide. It has a global network of over 375 strategically located facilities totalling over 2 billion cubic feet of capacity which spans 18 countries across North America, Europe and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivalled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was listed as No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)
About Kloosterboer
The Kloosterboer Group is a family-owned company with more than 95 years of experience in the handling of temperature-controlled food products, such as fish, meat, fruit, fruit juices and fruit concentrates, dairy and potato products. Kloosterboer develops and provides innovative and sustainable solutions in the supply chain for conditioned food products. Kloosterboer is committed to long-term relationships, strives to achieve cost savings for its customers and increase the level of service. The company is specialised in warehousing, stevedoring, forwarding, shipping, customs and logistics IT. With storage capacity in The Netherlands, France, Germany, Canada and South Africa, Kloosterboer is one of the leading companies in this sector. (www.kloosterboer.com)
Megan Hendricksen
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DALLAS--(BUSINESS WIRE)--$PRU--Prudential Private Capital provided $40.7 million of senior secured fixed rate notes, $4.1 million of second lien floating rate notes, and an undrawn Pru-Shelf facility with $60.0 million capacity to Ameresco PV Holdings X LLC, owner of 14 operating solar project companies that own projects at 27 different locations across the United States. Prudential Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
“We are proud to support Ameresco’s mission of energizing a sustainable world through providing energy-efficient and renewable solutions to their customers. Our flexible financing solution positions Ameresco well for future growth and secures funding for their portfolio of operating solar projects,” said Steven Hendricks, director of Prudential Private Capital’s Power group.
“This significant financing extends our ability to diversify and expand our portfolio of solar assets throughout North America,” said Doran Hole, chief financial officer of Ameresco. “Prudential’s confidence in Ameresco’s mission as a cleantech integrator supports our shared vision for growth in sustainability in the coming years.”
“Our experience financing commercial and industrial portfolios positioned us well to serve as a trusted lender for Ameresco and provide streamlined execution,” added Wendy Carlson, managing director and head of Prudential Private Capital’s Power group. “Our deep experience and proven track records with project financing formed the foundation of our partnership with Ameresco,” said Carlson.
About Ameresco
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, Massachusetts, 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 Prudential Private Capital
For nearly 100 years, Prudential Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we are known for building enduring local partnerships based on a steady and patient commitment to our partners’ long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of $100.2 billion for our partners. All data as of June 30, 2021. For more information, please visit prudentialprivatecapital.com.
Learn about Prudential Private Capital: prudentialprivatecapital.com
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Lizzie Lowe
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE--Clean Energy Fuels Corp. (NASDAQ: CLNE), the country’s largest provider of the cleanest fuel for the transportation market, announced it has won a competitive solicitation to design, construct, and maintain a hydrogen station and supply liquid hydrogen fuel for Foothill Transit, an environmentally-friendly bus service in Southern California that averages 14 million rides a year.
“Being awarded our first hydrogen station and supply contract for Foothill Transit is very important to Clean Energy because it demonstrates our ability to move to different alternative fuels as our customers expand to other technologies,” said Andrew J. Littlefair, president and CEO, Clean Energy. “Transit agencies like Foothill have been on the forefront of alternative fuels for decades because it’s in their DNA to serve their communities with clean transportation. Clean Energy has enjoyed being along for the ride with Foothill as it tackles air quality and greenhouse gas issues.”
Foothill Transit has been a 20-year partner with Clean Energy and is currently operating over 300 of their buses with renewable natural gas (RNG) at two stations built by Clean Energy. The agency is now entrusting Clean Energy to build its first hydrogen station in Pomona, CA, as it expands into another clean alternative fuel. The contract is valued at more than $13 million.
The project will be funded using assistance from the Federal Transportation Agency. Foothill Transit has placed an initial order for 20 fuel cell buses, and the station is designed to support many more.
“Our new hydrogen fuel cell fleet is the next step in our evolution towards a zero emissions future,” said Doran Barnes, CEO of Foothill Transit. “Our long-time partner, Clean Energy, has been providing low carbon RNG for our buses for years and we look forward to continuing to work with them as we expand into hydrogen fuel cell technology and fuel.”
In response to the solicitation, five proposals were submitted to Foothill Transit. Following interviews and an evaluation, Clean Energy was selected, receiving the highest technical and overall score.
In recommending the award to its Board, the Foothill Transit staff stated: “Clean Energy has a long, successful track record executing public works and transit projects, including two CNG stations for Foothill Transit. They have designed, built, operated and maintained cryogenic, LNG, CNG and RNG services to 80 current transit customers, including our Pomona and Arcadia facilities.”
Clean Energy is a leader in the development and delivery of RNG, a sustainable fuel derived from organic waste, which will represent 33.3% of the hydrogen feedstock for Foothill Transit buses.
Partnering in the station construction project are Fiedler Group, which will provide engineering design support as a subcontractor for Clean Energy, and Messer Group, which will provide hydrogen equipment, liquid hydrogen fuel, and station design under the Clean Energy contract.
Clean Energy’s construction contractor for the project is Nicosia Contracting International, who Clean Energy has worked with for nearly two decades.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @CE_NatGas on Twitter.
About Foothill Transit
Foothill Transit serves over 12 million customers on 37 fixed-route bus lines each year in the San Gabriel and Pomona Valleys of Los Angeles County. Its 373-bus fleet covers 327 square miles and includes express routes into Downtown Los Angeles.
Foothill Transit is dedicated to being the premier public transit provider committed to safety, courtesy, quality, responsiveness, efficiency, and innovation. To receive a complete travel itinerary of starts, stops, and transfers to your destination, call 1-800-RIDE-INFO or visit one of Foothill Transit’s four Transit Stores located in West Covina, Pomona, Puente Hills, and El Monte Station.
Forward-Looking Statements
This news release contains 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 that involve risks, uncertainties and assumptions, including without limitation statements about the benefits of Clean Energy’s fuels, and the value of the contract. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
Clean Energy Contact:
Raleigh Gerber
949-437-1397
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NEW YORK--(BUSINESS WIRE)--#Helbiz--Helbiz Inc. (NASDAQ: HLBZ), a global leader in micro-mobility and the first in its industry to be publicly listed on the Nasdaq Stock Market, in partnership with Li-Cycle Holdings Corp. (NYSE: LICY), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced the recycling of 716.5 lbs of lithium-ion batteries since the partnership was announced on July 15, 2021. The ongoing collaboration between these two innovative companies strives to create a safe and sustainable recycling solution for end-of-life lithium-ion batteries used in e-scooters and e-bikes.
Li-Cycle affirms that all of its recycling processes adhere to the environmental standards set forth by the New York State Department of Environmental Conservation (NYSDEC) and the United States Environmental Protection Agency (US EPA). The company uses its Spoke & Hub Technologies™ to efficiently, safely and sustainably recover the end-of-life batteries from Helbiz’s fleets and return the valuable materials contained within back into the supply chain.
Helbiz’s commitment to finding and implementing a safe and sustainable recycling solution for the batteries used in its fleets is part of a comprehensive company strategy supporting worldwide sustainability and dedication towards a greener future. Li-Cycle continues to be Helbiz’s partner in ultimately meeting both its net-zero emission and 100% recycling targets. The companies seek to advance sustainability efforts in the micro-mobility sector and further minimize the environmental footprint of shared scooters and e-bikes.
“We’re thrilled to partner with Helbiz, recognizing they share our commitment to sustainability. Together, as partners in the micro-mobility sector, we can close the battery supply chain loop,” said Kunal Phalpher, Chief Commercial Officer at Li-Cycle. “This is just the beginning of our collaboration and Li-Cycle is looking forward to continued shipments of batteries from Helbiz as we support the company’s net-zero emission target by 2022, as well as their 100% recycling target.”
“We are proud to partner with Li-Cycle and are thrilled to have already seen such important results of our battery recycling commitment,” said Ruggero Cipriani Foresio, Chief Marketing Officer of Helbiz. “This collaboration further exemplifies Helbiz’s dedication to creating a greener future by enhancing worldwide sustainability.”
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
About Helbiz
Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform in 35 cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services and more, all accessible within its mobile app.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in its periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021 as well as its Quarterly Report on Form 10-Q filed on August 23, 2021. The Company’s SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
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Helbiz Contacts
For media inquiries, contact: https://www.helbiz.com/pressroom
Global Head of Communications: +1 (917) 675-7157
Davide D’Amico - email: This email address is being protected from spambots. You need JavaScript enabled to view it.
PR and Communication Manager:
Chiara Garbuglia - email: This email address is being protected from spambots. You need JavaScript enabled to view it.
USA
Agent of Change
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For investor inquiries:
The Blueshirt Group
Gary Dvorchak, CFA - Phone: +1 (323) 240-5796 - email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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