Cardiff and Birmingham terminals consistently achieve 90%+ automation and improved turn times with integrated TOS deployment
SEATTLE--(BUSINESS WIRE)--Tideworks Technology® Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solution, today announced that its Intermodal Pro® and Traffic Control™ solutions are now live at multiple G&W UK terminal operations. The latest deployments at G&W’s UK terminals, owned and operated by Freightliner in Cardiff and Birmingham, include integration with Advent eModal’s vehicle booking system and Camco Technologies’ (Camco) gate management system to create the first automated gate solution designed specifically for UK rail and terminal operations. Tideworks Intermodal Pro and Traffic Control are in use at a total of seven Freightliner terminals thus far and are on course to go live at the remaining G&W UK terminals by early 2022.
Tideworks’ intermodal TOS solutions enable real-time rail and yard planning and enhanced utilization at the terminals. In Q1 2020, G&W’s Freightliner and Pentalver subsidiaries selected Tideworks as their intermodal solutions provider for their UK rail and container terminal network. Prior to that, Tideworks’ legacy solution was in place. After conducting a thorough market analysis of TOS solutions, G&W’s UK operations elected to roll out Tideworks’ next-generation intermodal solutions, Intermodal Pro and Traffic Control, across its network. As part of the rollout at the Cardiff and Birmingham terminals, Tideworks collaborated with Advent eModal and Camco to successfully deploy an automated, integrated gate and TOS solution that supports advanced appointment needs and facilitates predictive container planning for G&W's UK rail operations.
“We’re proud to deliver an integrated system that helps G&W meet their evolving operating and automation needs while also improving efficiencies and experiences for customers,” said Mark Bromley, vice president of Intermodal Rail at Tideworks. “The successful go-live and integration of Intermodal Pro with Advent eModal and Camco validate our solution as an agile, intelligent management system that can play a critical role in improving turn time efficiency and achieving automation goals.”
After deploying Intermodal Pro, G&W UK operations have seen positive results through increased automation and efficiency. For example, before deploying the solution, it took the Birmingham terminal two hours to clear the gate queues at the start of the week. With the automated solution in place, it now takes just 20 minutes.
“Supply chain innovation is needed more than ever in today’s world. We are pleased with the initial results and strong collaboration among our key technology providers to deploy integrated TOS, gate, and vehicle booking systems solutions that simplify the customer experience, speed up truck turnaround times and provide more scalable and predictive services to our customers,” said Dr. Tianbing Qian (TQ), G&W’s chief information officer. “We’re consistently achieving high automation rates and have received positive feedback from hauler dispatchers, drivers, and terminal operations staff about the ease of use provided by the solution. We value our partnership with Tideworks and are eager to roll out Intermodal Pro across all of G&W’s terminals.”
Tideworks provided implementation services for the go-live on a fully remote basis, which included project management, software configuration and installation, integration services, user training, and go-live assistance. Tideworks will continue to offer G&W ongoing maintenance and support services, including 24/7 technical assistance and software upgrades.
About Tideworks Technology
Tideworks is a full-service provider of comprehensive terminal operating system solutions for growing marine and intermodal terminal operations worldwide. The company helps more than 120 facilities run their operations more efficiently and profitably. From optimized equipment utilization to faster turn times, Tideworks works at every step of terminal operations to maximize productivity and customer service. For more information about Tideworks Technology, a Carrix solution, visit www.tideworks.com.
About Genesee & Wyoming
G&W owns or leases 116 freight railroads organized in locally managed operating regions with 7,300 employees serving 3,000 customers.
G&W’s UK/Europe Region companies include Freightliner, the UK’s largest rail maritime intermodal operator and second-largest freight rail provider, and Pentalver, a leading UK container logistics services provider as well as regional rail services in continental Europe.
Colleen Moffitt
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206-282-4923 ext. 113
BAKERSFIELD, Calif.--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc. (OTCQX: GCEH) announced that it has signed a Master Services Agreement with Pacific Gas and Electric Company (NYSE: PCG) under which PG&E will identify, design, and implement renewable generation and energy management projects at GCEH’s Bakersfield Renewable Diesel Refinery to help reduce the refinery’s operating costs and carbon footprint.
To kick off this collaboration, PG&E will be issuing a Contract Opportunity Announcement (COA) for a 10 MW solar plant to be located at the refinery site in Bakersfield.
In addition, GCEH has purchased two electric railcar movers for use at the refinery, which are expected to be eligible for substantial cost savings under PG&E’s “EV Fleet” program.
“Combining the talents and extensive experience of GCEH’s energy and sustainability team with that of PG&E’s provides a winning combination in helping the refinery site to be a more profitable and a more sustainable operation, while doing its part to address the impacts of climate change,” said Richard Palmer, CEO of Global Clean Energy Holdings.
“We are thrilled to partner with PG&E on this important group of projects to generate renewable power, and to optimize the integration of various systems and technologies at our Bakersfield Refinery,” said Richard Palmer. “These projects are intended to significantly reduce the refinery’s operating costs and further reduce the carbon intensity of our finished renewable transportation fuels.”
“This is an exciting collaboration,” said Aaron August, Vice President of Business Development and Customer Engagement for PG&E. “Our SST team is perfectly positioned to assist customers like GCEH drive significant cost and carbon reductions behind the meter by designing and installing ‘state of the art’ green energy systems. We’re proud to be doing this kind of work, day in and day out, for our customers.”
About Global Clean Energy Holdings
Global Clean Energy Holdings, Inc. (“GCEH”) is a uniquely positioned vertically integrated renewable fuels company. GCEH’s farm-to-fuel strategy has been in place since the inception of its business, to control the full integration of the entire biofuels supply chain from the development, production, processing, and transportation of feedstocks through to the refining and distribution of renewable fuels. GCEH is retooling and constructing its renewable diesel refinery in Bakersfield, California, which when completed in early 2022 will be the largest renewable fuels facility in the western United States and the largest in the country that produces renewable fuels from non-food-based feedstocks. More information can be found online at www.gceholdings.com.
Forward-Looking Statements
Certain matters discussed in this press release are “forward-looking statements” of Global Clean Energy Holdings, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, the Company’s ability to reduce its operating costs and its carbon intensity, are forward-looking statements and are subject to a number of risks and uncertainties. Important factors that could cause actual results, developments and business decisions to differ materially from forward-looking statements are described in the sections titled “Risk Factors” in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Global Clean Energy Holdings, Inc.
Natalie Findlay
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(424) 318-3518
Power Plant Service Provider Also Received a #21 Ranking in the List of Top Power Sector Contractors
BATON ROUGE, La.--(BUSINESS WIRE)--Allied Power, a full-service provider of power plant services, received top rankings within the Engineering News-Record’s (ENR) annual list of Top 400 Contractors, which provides detailed insights into various construction and contractor programs throughout the United States. Allied Power placed #2 on the list of Top Operations and Maintenance Contractors within the Power category and #21 within the list of Top Power Sector Contractors.
ENR’s rankings were determined based on 2020 revenue results, and despite the global pandemic, the Top 400 reached $414.88 billion, which is a .12% increase from last year.
“Despite emerging from a particularly challenging year within the contracting and power industry, Allied Power witnessed a record year,” said Ron McCall, Chief Executive Officer of Allied Power. “This, coupled with continued diversification of our services with top utility partners and receiving this recognition by one of the top industry publishers in the contracting sector, further solidifies our strong reputation and quality of services within the marketplace.”
With commitment to environmental protection over productivity and physical property, Allied Power proudly provides routine maintenance, outage management, capital construction, and specialty services to customers, employee communities and owners alike. Allied Power guides these interactions keeping safety and cost-effectiveness top of mind.
ABOUT ALLIED POWER
Allied Power is a diversified, full-service provider of power plant services spanning the entire asset life cycle. The Allied Power team and leadership has vast experience in the utility industry and expertise in nuclear generation. Utilizing this expertise, Allied Power is able to provide customers with proven, practical, and innovative approaches that maximize the efficiency and cost effectiveness of utilities facility maintenance and management without sacrificing safety or quality. Allied Power provides a full range of professional, technical and craft services including routine maintenance, outage, and capital construction services. To learn more at Allied Power, visit https://www.alliedpwr.com.
Tamara Davis
Director of Public Relations and Social Media
(270) 202-8516
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LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced today that it will release financial results for the quarter ended Sept. 30, 2021 before the opening of market on Thursday, Nov. 4, 2021. The company’s press release and financial statements will be available on the company’s website at https://investors.itron.com on Nov. 4, 2021 at 8:30 a.m. EDT followed by the management conference call at 10 a.m. EDT to discuss the results.
Interested parties may listen to the conference call on a live webcast. The webcast, along with a supplemental presentation, may be accessed from the company’s website at https://investors.itron.com/events.cfm. Participants should access the webcast 10 minutes prior to the start of the call to install and test any necessary audio software. Participants can also pre-register for the webcast at any time using the link above.
A telephone replay of the conference call will be available through Nov. 9, 2021. To access the telephone replay, dial 888-203-1112 or 719-457-0820 and enter passcode 6979258.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners, and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Kenneth P. Gianella
Vice President, Investor Relations
(669) 770-4643
David Means
Director, Investor Relations
(737) 242-8448
Rebecca Hussey
Manager, Investor Relations
(509) 891-3574
Accor to Highlight its On-Property Sustainability Enhancements via HRS’ Innovative Technology, Simplifying the Presentation and Promotion of Green Hotels to Corporate Hotel Procurement Leaders
PARIS & COLOGNE, Germany--(BUSINESS WIRE)--#BusinessTravel--HRS, the leading global corporate lodging platform, announced the addition of Accor properties, a world leading hospitality group, in HRS’ new Green Stay Initiative. This decision provides analytical and time-saving benefits to corporate hotel procurement executives as they increasingly require sustainability data as they consider which properties to include on their list of preferred hotels for 2022 and beyond.
“The world’s leading multi-national companies are promoting their aspirations to achieve net-zero operations by 2030 or sooner. These company-wide goals impact managed travel programs, who are tasked to travel more sustainably as they recover from the pandemic,” said HRS CEO Tobias Ragge. “Dozens of corporations have already indicated in their hotel RFPs that metrics on energy, water and waste are required for consideration. The need for automation to efficiently deliver such data from hotels to procurement leaders and travelers is vital in today’s corporate lodging landscape.”
HRS launched its breakthrough Green Stay Initiative in March, providing a seamless and transparent avenue for hotels to share performance metrics on energy, water and waste, while also enabling corporations to steer bookings to hotels aligned with their carbon-related goals. Using a unique algorithm based on validated United Nations and Greenhouse Gas Protocol methodologies, HRS then delivers analytical data to travel program leaders to consider during their hotel procurement process. Icons in online booking displays make it easy for travelers to see the preferred green hotels in their program, further enhancing compliance. HRS works with more than one-third of the Fortune 500 on their hotel programs and Accor is the first global hospitality group to join the Green Stay Initiative.
Accor has always strived to make a positive impact by implementing key initiatives such as plastic elimination, carbon-neutral buildings, food waste and energy consumption. “We’re happy to collaborate with HRS to help amplify our sustainability improvements,” said Markus Keller, Senior Vice President of Sales & Distribution of Accor. “We’re committed to an ongoing effort in this area to help keep the planet safe and secure safe traveling for future generations to come.”
SmartBrief, the leading digital media publisher for business news, recognized HRS’ Green Stay Initiative with a SmartBrief Innovation award in September. Business Travel News also selected the Green Stay Initiative for its prestigious Innovate conference, taking place on October 22 in New York.
“Sustainability is the major issue of this decade, and will likely impact managed business travel more than anything we’ve seen since the dawn of the Internet,” said HRS CEO Tobias Ragge. ”We’re thrilled to once again work with the leaders of Accor on pioneering industry initiatives that deliver benefits to a broad audience of travelers, corporations, hoteliers and other influential parties.”
About HRS
HRS is revolutionizing managed lodging programs for corporations, hotels and business travelers worldwide with its proprietary technology and expertise. The company is committed to facilitating safety, savings, security, satisfaction and sustainable hotel options for its global client roster. Leveraging its unique Lodging as a Service platform, HRS oversees the totality of corporate hotel programs for its clients, from initial procurement and rate assurance to booking, virtual payment and expense management. With more than 70,000 hotels joining HRS’ Clean & Safe Protocol in 2020, and the recently launched Green Stay Initiative, the company provides newly-prioritized information on key decision factors impacting post-pandemic travel. The company’s data-driven solutions deliver savings and performance for corporations across all hotel categories, including transient, meetings and long-stay lodging scenarios – all while digitizing processes on the hotel side for a better traveler experience. Founded in 1972, HRS today works with 35 percent of the global Fortune 500, as well as the world’s leading hotel chains, regional hospitality groups and independent hotels. More information at www.hrs.com/enterprise.
Michael Brophy
HRS Press Spokesman
Phone +1 214-356-4326
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New cost-saving battery energy storage system at Trent will improve energy infrastructure and benefit provincial energy grid
FRAMINGHAM, Mass. & PETERBOROUGH, Ontario--(BUSINESS WIRE)--#bess--Ameresco, Inc., (NYSE: AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced a partnership with Trent University, a leading environmental institution, to install various energy efficiency upgrades, including an on-campus Battery Energy Storage System (BESS), that aim to further reduce the University’s carbon footprint, while supporting the provincial energy grid.
“This project is an exciting next step in Trent’s ongoing commitment to environmental and sustainable initiatives on campus,” says Tariq Al-Idrissi, acting Vice President of Finance and Administration at Trent University. “Our renewed Energy Performance Contract with Ameresco builds on previous energy saving projects such as converting the campus lighting to LEDs, implementing smart ventilation systems and using solar energy to power the new zero-carbon Forensics Crime Scene Facility, the first of its kind in Canada.”
The BESS will store energy overnight, when the provincial grid is producing the lowest cost and lowest carbon energy and use it to power the campus at strategic times when the Ontario system operators typically turn to gas-fired generation to meet atypical high demand for electricity. Taking this action on campus contributes to Ontario’s Industrial Conservation Initiative and will result in an expected reduction in Global Adjustment fees of over $1 million annually. These savings will fund the BESS installation as well as extensive upgrades to Trent’s electrical infrastructure.
“One of the amazing things about working with customers on projects like these is finding energy-saving solutions that work for them and generate significant cost savings in the long run,” said Bob McCullough, President, Ameresco Canada. “By taking a collaborative approach right from the start, we can work together to develop solutions that prioritize sustainability and durability.”
The Energy Performance Contract amendment between the University and Ameresco was recently approved by Trent’s Board of Governors, with construction scheduled to commence later in the fall. Proposed upgrades include the installation of a 2.5MW/5 MWh BESS, the replacement of aging switchgear components and the implementation of a carport canopy photo-voltaic (PV) and electric vehicle (EV) charging station. The PV and EV charging station will complement the newly installed BESS and reduce the University’s greenhouse gas emissions.
About Trent University
One of Canada's top universities, Trent University was founded on the ideal of interactive learning that's personal, purposeful and transformative. Consistently recognized nationally for leadership in teaching, research and student satisfaction, Trent attracts excellent students from across the country and around the world. Here, undergraduate and graduate students connect and collaborate with faculty, staff and their peers through diverse communities that span residential colleges, classrooms, disciplines, hands-on research, co-curricular and community-based activities. Across all disciplines, Trent brings critical, integrative thinking to life every day. Today, Trent's unique approach to personal development through supportive, collaborative community engagement is in more demand than ever. Students lead the way by co-creating experiences rooted in dialogue, diverse perspectives and collaboration. In a learning environment that builds life-long passion for inclusion, leadership and social change, Trent's students, alumni, faculty and staff are engaged global citizens who are catalysts in developing sustainable solutions to complex issues. Trent's Peterborough campus boasts award-winning architecture in a breathtaking natural setting on the banks of the Otonabee River, just 90 minutes from downtown Toronto, while Trent University Durham Greater Toronto Area, delivers a distinct mix of programming in the east GTA.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
The announcement of a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of June 30, 2021.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Trent University: Cara Walsh, Communications & Media Relations Officer, 705-748-1011 x6240, This email address is being protected from spambots. You need JavaScript enabled to view it.
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ARR #renewableenergy--Altius Renewable Royalties (TSX:ARR) (OTCQX: ATRWF) (“ARR”) advises that the Q3 2021 financial reporting for the period ending September 30, 2021 will be released after market on November 8, 2021. A conference call and webcast of management's quarterly remarks with follow up question and answer period has been scheduled for 9:00 AM ET on Tuesday, November 9, 2021.
ARR Financial Results Q3 2021 Conference Call Details 9 am ET Nov 9 2021
ID: 9493986
Dial-in: 1(866) 521-4909 OR 1 (647) 427-2311
Webcast: Link
The conference call is audio only and a slide presentation will be posted to the website at arr.energy prior to the conference call.
About ARR
ARR is a recently formed renewable energy company whose business is to provide long-term, royalty level investment capital to renewable power developers, operators, and originators through its joint venture Great Bay Renewables. The Company combines industry expertise with innovative, partner-focused solutions to further the growth of the renewable energy sector as it fulfills its critical role in enabling the global energy transition.
Flora Wood
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 1.877.576.2209
Direct: +1(416)346.9020
Ben Lewis
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: 1.877.576.2209
DALLAS--(BUSINESS WIRE)--Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release third quarter 2021 financial results after the market closes on Thursday, November 4, 2021. A conference call will be held on Friday, November 5, 2021 at 7:30 a.m. Central Time.
Webcast:
A webcast of the conference call will be available on the Investors section of the Company’s website at www.texaspacific.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.
To Participate in the Telephone Conference Call:
Dial in at least 15 minutes prior to start time:
Domestic: 1-877-407-4018
International: 1-201-689-8471
Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Pass code: 13723039
The playback can be accessed through November 19, 2021.
About Texas Pacific Land Corporation
Texas Pacific Land Corporation is one of the largest landowners in the State of Texas with approximately 880,000 acres of land in West Texas, with the majority of its ownership concentrated in the Permian Basin. The Company is not an oil and gas producer, but its surface and royalty ownership allow revenue generation through the entire value chain of oil and gas development, including through fixed fee payments for use of our land, revenue for sales of materials (caliche) used in the construction of infrastructure, providing sourced water and treated produced water, revenue from our oil and gas royalty interests, and revenues related to saltwater disposal on our land. The Company also generates revenue from pipeline, power line and utility easements, commercial leases, and seismic and temporary permits related to a variety of land uses including midstream infrastructure projects and hydrocarbon processing facilities.
Visit TPL at texaspacific.com.
Investor Relations
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Companies will jointly develop projects to reach El Paso Electric’s clean energy goals:
LAKE MARY, Fla.--(BUSINESS WIRE)--#BESS--Mitsubishi Power Americas, Inc. (Mitsubishi Power) and El Paso Electric (EPE) have signed a joint development agreement (JDA) creating a collaboration framework to jointly develop projects that will enable EPE to achieve its clean energy goals. The JDA extends EPE’s commitment to reducing carbon emissions by replacing carbon-intensive assets with a combination of renewables, storage and power generation using hydrogen to meet the growing demand for clean, affordable and reliable electricity.
The JDA will develop strategies and alternatives to attain an 80% carbon-free resource mix by 2035 and develop a roadmap to achieve a 100% carbon-free energy mix to meet EPE’s future customer needs by 2045, all in a manner that provides a safe, reliable and affordable energy supply to EPE’s customers. The JDA will focus on
“El Paso Electric is committed to advancing innovative technologies and customer-focused strategies to serve our communities in a reliable, affordable, sustainable manner,” said Kelly A. Tomblin, President and CEO, El Paso Electric. “Consistently, we have announced the goal of 80% carbon neutrality by 2035 and the pursuit of 100% by 2045. Signing this joint development agreement will support those important goals.”
EPE has demonstrated this commitment by becoming the first utility in Texas and New Mexico to eliminate coal generation from its energy mix in 2016.
“Our JDA with Mitsubishi Power will establish a powerful partnership that will focus on identifying, developing, and executing projects to reduce overall carbon emissions while improving reliability from our energy generation portfolio. We will engage additional partnerships to pursue other initiatives that will spur economic growth for our region,” Tomblin added.
In January 2021, as part of EPE’s commitment to cleaner and more sustainable power generation, EPE selected Mitsubishi Power’s 228 megawatt (MW) Smart M501GAC enhanced response (SmartER) gas turbine. This gas turbine will enable EPE to triple its renewable energy portfolio, maximize responsiveness to the intermittency of renewables with rapid dispatch capability, and reduce carbon emissions. The gas turbine is also hydrogen capable for deeper decarbonization in the future.
Paul Browning, President and CEO, Mitsubishi Power Americas, said, “We have 25 years to decarbonize electric power, which makes us all part of ‘The Power Generation.' We believe that during the energy transition, utilities will need total decarbonization solutions that leverage multiple technologies. That’s why we’re excited about entering into a JDA with El Paso Electric to collaborate on long-term planning, technology, integration, implementation and support for their journey toward a carbon-free power generation and energy storage mix. Together with our customers, we are creating a Change in Power.”
Read more about Mitsubishi Power’s decarbonization solutions:
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
About El Paso Electric Company
El Paso Electric is a regional electric utility providing generation, transmission, and distribution service to approximately 446,000 retail and wholesale customers in a 10,000-square mile area of the Rio Grande valley in West Texas and Southern New Mexico.
Christa Reichhardt
Mitsubishi Power
+1 407-484-5599
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Javier C. Camacho
El Paso Electric
+1 915-487-4753
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SAN FRANCISCO--(BUSINESS WIRE)--#STEM--Stem, Inc. (“Stem” or “the Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven energy storage services, announced today that it will hold a conference call on Tuesday, November 9, 2021 to discuss its financial results for the quarter ended September 30, 2021.
The conference call is scheduled to begin at 5:00 p.m. Eastern Time. A press release regarding the results will be issued prior to the call at approximately 4:05 p.m. Eastern Time.
The conference call may be accessed via a live webcast on a listen-only basis on the Events & Presentations page of the Investor Relations section of the Company’s website at https://investors.stem.com/events-and-presentations. The call can also be accessed live over the telephone by dialing (844) 826-3035 or for international callers by dialing (412) 317-5195 and referencing Stem.
A replay of the webcast will be available shortly after the call and can be accessed by dialing (844) 512-2921 or for international callers by dialing (412) 317-6671. The passcode for the replay is 10161255. The replay will be available until November 19, 2021. An archive of the webcast will be available on the Company’s website at https://investors.stem.com/overview for twelve months after the call.
About Stem, Inc.
Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. For more information, visit www.stem.com.
Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
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Stem Media Contacts
Cory Ziskind, ICR
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DUBLIN--(BUSINESS WIRE)--The "Global Protective Coatings Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.
Global Protective Coatings market is expected to witness a considerable growth rate during the forecast period.
Increasing demand in the construction and automotive industry is primarily driving the global market for protective coatings, and also the introduction of new technologies has boosted the market further. However, rising environmental concerns and stringent government regulations related to the emission of volatile organic compounds (VOCs) are expected to hinder market growth in the near future.
The ongoing growth in the urbanization and construction industry, especially in the Asia-Pacific region, is likely to drive protective coatings consumption in the forecasted period. The urbanization rate in the Asia-Pacific region is around 1.5% per year, the world's highest. It is estimated that by the year 2030, over half of the population in the region will be urban. According to the United Nations, as of 2020, 33 megacities globally require planned habitation for the rapidly growing urban population.
More than 50% of the global GDP is generated in cities, and urbanization can lead to sustainable growth if managed well by increasing productivity. Urbanization has expanded immensely in recent years. Due to urbanization, there has been a rise in the number of construction projects, high-rise buildings, and other construction types. Thus, as urbanization rapidly increases, the number of construction projects increases, leading to the growth in the usage of protective coatings.
The demand for protective coatings is rising in the automotive industry due to increased overall vehicle demand, aging vehicles, and environmental concerns. Moreover, increasing vehicle production in countries such as China, Mexico, Indonesia, Japan, U.S., South Korea, Germany, and India is further driving the growth of the market.
In North America, powder coatings are widely used throughout primer surfacer operations at Chrysler, one of the United States' biggest automobile manufacturers. At General Motors, for their truck plants and in all new paint shops, powder coatings are gaining pace. Due to the evolution in the automotive sector and the manufacturing material, the automotive sector's protective coatings are also evolving.
One of these evolutions is in using smart coatings because they offer the potential to significantly improve surface durability while adding additional functionalities or properties like self-healing, super-hydrophobicity, and self-stratifying, self-sensing, soundproof, and vibration damping.
Ongoing market trends consist of direct-to-metal (DTM) coatings. As a more efficient alternative to the typical primer and topcoat systems, DTM coatings allow for applying one coat while offering comparable performance to two-coat systems. Many end-user industries are moving from protective coating products containing solvents to 100% solid epoxies and urethanes in response to environmental concerns.
New applicator-friendly cartridge-based dispensing technologies are being developed that reduce labor, waste, and disposal costs. With almost 100% efficiency and hardly any liquid waste, the technology is especially appropriate for smaller-quantity applications, like grooming, touchups, repairs, stripe coatings, and field joint coating.
The marine industry has always acted as the driving force behind the functional global economy. Transportation of larger, bulkier goods such as cars is always preferred to be done by sea as it is less expensive and less taxing on the environment. More than 90% of the global trade flows involve shipping.
Marine coatings are a type of protective coating used mostly in the marine environment to protect ships, vessels, tankers, and other materials from saline water or freshwater. Marine coatings have specific functional properties; therefore, it can provide superior protection to the surfaces to which it is applied.
Multiple coatings are formulated to ensure smooth sailing, such as anti-corrosive and anti-fouling, to keep the ships running efficiently. Anti-fouling coatings, which are used to protect ships from organisms that can impede performance, have been the most in-demand over the last few years. Foul-release coatings are biocide-free and environmentally compatible.
Some of the Major key players in the global market are found to be AkzoNobel NV, RPM International Inc., PPG Industries, and The Sherwin-Williams Company, among others.
Key Topics Covered:
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Regulatory Policies
3.7 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
5. Market Segmentation & Forecast
5.1 By Resin
5.1.1 Alkyd
5.1.2 Epoxy
5.1.3 Polyurethane
5.1.4 Acrylic
5.1.5 Polyester
5.1.6 Others
5.2 By Technology
5.2.1 Water-borne
5.2.2 Solvent-borne
5.2.3 Powder
5.2.4 Others
5.3 By End-User Industry
5.3.1 Construction
5.3.2 Aerospace
5.3.3 Automotive
5.3.4 Marine
5.3.5 Industrial
5.3.6 Oil & Gas
5.3.7 Power Generation
5.3.8 Mining
5.3.9 Others
6. Regional Market Analysis
7. Key Company Profiles
7.1 Axalta Coating Systems
7.2 BASF SE
7.3 Akzo Nobel NV
7.4 Hempel
7.5 Jotun
7.6 Kansai Paint Co. Ltd.
7.7 Nippon Paint Holdings Co., Ltd.
7.8 PPG Industries Inc.
7.9 RPM International Inc.
7.10 Tikkurila OYJ
7.11 The Sherwin-Williams Company
7.12 Nasaco International Ltd.
7.13 Arkema Group
7.14 Beckers Group
7.15 HB Fuller Company
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/wjqr30
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“the Partnership”) plans to release its financial results for the Third Quarter of 2021 before opening of the market on Thursday, November 18, 2021.
The Partnership also plans to host a conference call on Thursday, November 18, 2021 at 11:00 AM (Eastern Time) to discuss the results for the Third Quarter of 2021. All unitholders and interested parties are invited to listen to the live conference call by choosing from the following options:
Our Third Quarter 2021 Earnings Presentation will also be available at www.knotoffshorepartners.com prior to the conference call start time.
The conference call will be recorded and remain available until November 25, 2021. This recording can be accessed following the live call by dialing 1-866-813-9403 from the US, dialing 1-226-828-7578 from Canada or 44-204-525-0658 if outside North America, and entering the replay access code 976847.
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP.”
KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
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+44 1224 618 420
DUBLIN--(BUSINESS WIRE)--The "Carbon Capture, Utilization, and Storage Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
This report provides the strategists, marketers and senior management with the critical information they need to assess the global carbon capture, utilization, and storage market.
The global carbon capture, utilization, and storage market is expected to grow from $1.30 billion in 2020 to $1.46 billion in 2021 at a compound annual growth rate (CAGR) of 12.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.97 billion in 2025 at a CAGR of 19.6%.
Companies Mentioned
Reasons to Purchase
The carbon capture, utilization, and storage market consist of sales of carbon capture, utilization, and storage technologies by entities (organizations, sole traders, and partnerships) that are engaged in providing clean and efficient energy solutions. Carbon capture, utilization, and storage (CCUS) is a set of methods and technologies for removing CO2 from flue gas and the atmosphere, recycling it for use, and establishing safe and long-term storage choices.
The main technologies involved in carbon capture, utilization, and storage are pre-combustion, post-combustion, oxy-fuel combustion. Pre-combustion capture is the process of extracting CO2 from fossil fuels before they are burned. The different services include capture, transportation, utilization, storage and is implemented in various verticals such as oil and gas, power generation, iron and steel, chemicals and petrochemicals, cement, others.
The increasing investments by governments and organizations are an emerging trend in the carbon capture, utilization, and storage market. Major companies and governments are focusing on investing in carbon capture, utilization, and storage projects to reduce carbon emissions. For example, in July 2020, the US Department of Energy awarded FLExible Carbon Capture and Storage (FLECCS) project an $11.5 million grant to address key carbon capture and storage needs in the nation's power networks. The FLECCS project aims to facilitate the next generation of flexible, low-cost, and low-carbon power grids, as well as establish carbon capture and storage (CCS) retrofits for existing power generators that consume fossil carbon-containing fuels such as natural gas or biogas and generate electricity.
In November 2020, Baker Hughes, a US-based company that provides carbon capture and storage services acquired Compact Carbon Capture (3C) for an undisclosed amount. The acquisition reinforces Baker Hughes' strategic commitment to leading the energy transition by providing decarbonization solutions for carbon-intensive industries such as oil and gas, as well as broader industrial operations. Compact Carbon Capture (3C) is a Norway-based technology company specialized in the development of carbon capture solutions.
The increase in focus on reducing carbon dioxide (CO2) emissions across the globe is contributing to the growth of the carbon capture, utilization, and storage (CCUS) market. Carbon dioxide emissions rise as a result of burning fossil fuels such as oil or gas to power cars or create electricity, causing respiratory ailments and global warming by trapping heat. CCUS absorbs CO2 using a variety of technologies and uses or stores it instead of releasing it into the atmosphere. Countries and companies are trying to reduce carbon dioxide emissions to reduce global warming. For instance, according to the United Nations, 110 countries have committed to becoming carbon neutral by 2050. Furthermore, as per the International Energy Agency, in May 2020, three oil firms, Equinor, Shell, and Total, have pledged to invest $700 million in the Northern Light offshore CO2 storage project to decrease carbon dioxide emissions.
For more information about this report visit https://www.researchandmarkets.com/r/ac48ji.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Company Also Announces New Head of Lithium Position and Hire
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the successful, third-party conversion testing of its lithium brine resource into both lithium carbonate and battery-grade lithium hydroxide, representing a significant milestone in its previously announced lithium development project.
The company engaged Veolia Energy, an established technology provider, to conduct lithium chloride to lithium hydroxide conversion testing utilizing a proven, commercially viable conversion process. The company believes this is the first known conversion to battery-grade lithium hydroxide from the sustainable lithium brine resource originating from the Great Salt Lake.
At a concentration of >56.5% lithium hydroxide monohydrate, the conversion sample meets established battery-grade specifications for the U.S. domestic electric vehicle (EV) and energy storage markets. Compass Minerals believes this achievement, and the resulting supply it is expected to help enable, is critical for U.S. domestic production of advanced battery materials and support of a growing domestic EV fleet. As previously disclosed, the company expects to enter the market with a battery-grade lithium hydroxide product by 2025.
“When we first announced the identification of a readily available, 2.4 million ton lithium brine resource, we emphasized that we are evaluating multiple paths forward for development, potential partnerships, and product selection to ensure optimal shareholder value. While that work continues, our progress to date puts us firmly on track for market entry with a battery-grade lithium product by 2025,” said Kevin S. Crutchfield, president and CEO. “As we continue to assess potential DLE technology partners and commercial opportunities, we remain committed to responsible stewardship of this exciting and sustainable resource. We look forward to providing future updates as we achieve additional milestones in the coming months.”
Compass Minerals also announced today that Chris Yandell will be joining the company as head of lithium, effective Nov. 8, 2021. In this senior management role, Yandell will lead the development and implementation and coordinate the strategic direction for the company’s lithium business.
Yandell brings broad-based leadership experience in operations, commercial, supply-chain and strategic planning, having served the last 15 years in varying roles of increasing responsibility with Albemarle Corporation, a global specialty chemicals company and producer of lithium, bromine and Catalyst solutions. Most recently with Albemarle, he served as chief commercial officer for refining catalysts and previously as vice president of lithium operations. Prior to his time at Albemarle, he served in operations and engineering positions with Praxair, Inc., since acquired by Linde plc, and BASF. A former non-commissioned officer in the U.S. Marine Corps, Yandell earned a Bachelor of Science in chemical engineering and Master of Business Administration, both from Louisiana State University.
“Chris’ specific lithium development expertise, coupled with his proven operational experience, will make a great addition to our team,” added Crutchfield. “I have no doubt his leadership will help propel our project forward.”
As previously announced, Compass Minerals is targeting an annual production capacity of approximately 20,000 to 25,000 metric tons lithium carbonate equivalent of battery-grade lithium, with up to 65% of the future production derived from brine that has already been extracted from the Great Salt Lake and in varying stages of concentration within the company’s existing ponds at its active Ogden, Utah, solar evaporation site. The company sustainably manages 160,000 acres of leasehold on the bed of the Great Salt Lake, together with held water rights, 55,000 acres of existing ponds and active mineral extraction permissions.
The company is currently undertaking a formal life cycle assessment of various lithium development scenarios with Minviro Ltd. to help quantify any environmental impacts associated with the project and help identify opportunities to further minimize the project’s environmental footprint.
More detailed information on Compass Minerals’ defined lithium resource is available at investors.compassminerals.com.
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 and Other Disclaimers
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements about the anticipated development of the lithium resource at the company’s Ogden, Utah, site, including the indicated lithium resource within the ambient brine of the Great Salt Lake, as well as statements about the company’s ability to develop a battery-grade lithium hydroxide product. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. We use words such as “may,” “would,” “could,” “should,” “will,” “likely,” “expect,” “anticipate,” “believe,” “intend,” “plan,” “forecast,” “outlook,” “project,” “estimate,” “target,” and similar expressions suggesting future outcomes or events to identify forward-looking statements or forward-looking information. 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 without limitation (i) the company’s ability to convert all or any part of the lithium mineral resource identified by the initial assessment into an economically extractable mineral reserve, including the availability and cost of capital for related capital expenditures and the development of applicable process technologies; (ii) the overall environmental impact of the proposed extraction of the lithium mineral resource, as well as the company’s ability to receive or maintain required operating and environmental permits, approvals, modifications or other authorizations of, or from, governmental or regulatory authorities and costs related to implementing improvements to ensure compliance with regulatory requirements; (iii) the results of the company’s proposed strategic resource assessment regarding the lithium mineral resource; (iv) the company’s ultimate production capacity with respect to LCE; (v) potential weaknesses and uncertainties in global economic conditions, including adverse changes in the overall market for lithium and related products; (vi) the company’s ability to economically produce lithium carbonate and/or battery-grade lithium hydroxide at commercial scale from its lithium brine resource on its expected timeline, or at all; and (vii) the risk that the company may not realize the expected financial or other benefits from the proposed development of the lithium mineral resource. For further information on these and other risks and uncertainties that may affect the company’s business, see the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the company’s Annual Report on Form 10-K for the year ended December 31, 2020 and the company’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021 filed (including any amendments) with the SEC, 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. Because it is not possible to predict or identify all such factors, this list cannot be considered a complete set of all potential risks or uncertainties.
The company has completed an initial assessment to define the lithium resource at Compass Minerals’ existing operations in accordance with applicable SEC regulations, including Subpart 1300. Pursuant to Subpart 1300, mineral resources are not mineral reserves and do not have demonstrated economic viability. The company’s mineral resource estimates, including estimates of the LCE mineral resource, are based on many factors, including assumptions regarding extraction rates and duration of mining operations, and the quality of in-place resources. For example, the process technology for commercial extraction of lithium from brines with low lithium and high impurity (primarily magnesium) is still developing. Accordingly, there is no certainty that all or any part of the LCE mineral resource identified by the initial assessment will be converted into an economically extractable mineral reserve.
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
+1.917.797.4967
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QINGDAO, China--(BUSINESS WIRE)--Jointly sponsored by the National Energy Administration of China and the People’s Government of Shandong Province, the Second Belt and Road Energy Ministerial Conference, themed “Join Hands towards a Greener and More Inclusive Energy Future”, opened at Qingdao International Convention Center, Qingdao on October 18.
At the event, the “Qingdao Initiative for Belt and Road Green Energy Cooperation” was launched.
The Initiative specifies the role of wind, solar, hydro, biomass, nuclear and other forms of green energy for the implementation of the Paris Agreement and the 2030 Agenda for Sustainable Development of the United Nations, underlining that green energy is becoming an important driver for global economic development and will bring unprecedented opportunities for mutually beneficial cooperation among countries.
The Initiative embraces the “common but differentiated responsibilities (CBDR)” principle, calling to respect the right of each country to choose its own path for energy transition. It emphasizes the necessity of increased support for developing countries in terms of funds, technology and capacity building for more balanced and expanded development of green energy.
The Initiative calls for joint actions to support green and low-carbon energy development in developing countries. Specific tasks include setting more ambitious green energy development plans and goals, improving the reliability and resilience of green energy supply, and creating a more attractive environment for investment in green energy.
Website: http://www.qingdaochina.org
Facebook: https://www.facebook.com/qingdaocity
Twitter: https://twitter.com/loveqingdao
Zhu Yiling
Tel.：0086-532-85911619
EL DORADO, Ark.--(BUSINESS WIRE)--Murphy USA Inc. (NYSE: MUSA) is pleased to announce that the Board of Directors has appointed David L. Goebel and Rosemary Turner as independent directors of the Company.
“We are honored to add Dave and Rose to our Board,” said Madison Murphy, Chairman of Murphy USA Inc. “The deep experience they bring in retail food and beverage and supply chain and logistics will be invaluable additions to our existing complement of directors. We are looking forward to working with both as we continue to execute our strategy and enhance our value creation for shareholders.”
Mr. Goebel is currently Non-Executive Chairman of the Board of Jack in the Box Inc. and has been a director there since 2008. He is a partner and Faculty Member for The ExCo Group, LLC, a worldwide firm that provides peer to peer mentoring services for CEOs and senior business executives. From 2001 to 2007, he served in various executive positions at Applebee’s International, Inc. including as President and CEO in 2006 and 2007, during which time the Company operated over 2,000 restaurants in the United States and internationally. Since 2017, Mr. Goebel has served on the Board of Directors of Wingstop Inc. which operates and franchises over 1,500 fast casual restaurant locations across the United States and internationally. Finally, prior to its acquisition by Murphy USA in January 2021, Mr. Goebel was on the Board of QuickChek Corporation.
Ms. Turner is currently Chair of the San Francisco Federal Reserve Board of Directors, where she has served as a member since 2016. Ms. Turner held a variety of leadership positions developing her expertise in the transportation and logistics industry at UPS where she had a distinguished 40-year career, including as President of the Nebraska/North and South Dakota, Southern California and Chesapeake regions, before she retired in 2019 as President of the Northern California region. Ms. Turner also currently serves on the board of TFI International (NYSE: TFII) and formerly served on the Board of Coremark Holding Company, Inc. prior to its recent acquisition by Performance Food Group, Inc. She also serves on the Boards of privately-held The Bouq’s Company and not-for-profit SCAN Health Plan and has numerous connections to community and civic work through local organizations in Northern California.
About Murphy USA
Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,650 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The company and its team of nearly 15,000 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. The majority of Murphy USA's stores are located in close proximity to Walmart Supercenters. The company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. Murphy USA ranks 322 among Fortune 500 companies.
Investor Contact:
Christian Pikul – Vice President of Investor Relations and FP&A
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Mitchell Freer – Investor Relations Analyst
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LYNCHBURG, Va.--(BUSINESS WIRE)--$BWXT #earnings--BWX Technologies, Inc. (BWXT) (NYSE: BWXT) will issue a press release detailing third quarter 2021 results on Monday, November 1, 2021, after market close and will host a conference call at 5:00 p.m. EDT.
Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 844-850-0542 and (International) 412-317-6014. All participants should ask to be joined into the BWX Technologies (BWXT) call. A replay of the call will remain available on the BWXT website for a limited time.
About BWXT
At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Va., BWXT provides safe and effective nuclear solutions for global security, clean energy, environmental remediation, nuclear medicine and space exploration. With approximately 6,700 employees, BWXT has 12 major operating sites in the U.S. and Canada. In addition, BWXT joint ventures provide management and operations at more than a dozen U.S. Department of Energy and NASA facilities. Follow us on Twitter at @BWXT and learn more at www.bwxt.com
Media Contact
Jud Simmons
Director, Media and Public Relations
434.522.6462
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Investor Contact
Mark Kratz
Vice President, Investor Relations
980.365.4300
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HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE symbol-MTR) announced today that there will be no distribution paid for the month of October 2021 to holders of record as of the close of business on October 29, 2021, as costs, charges and expenses attributable to the Trust’s royalty properties, and applicable reserves, exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners.
The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. In addition, as further described in the Trust’s most recent filing on Form 10-Q, unitholders may not receive any material distributions during the remainder of 2021 and beyond, because the Trust expects to increase cash reserves to provide added liquidity.
Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.
This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2020 under “Part I, Item 1A. Risk Factors.” Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.
Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
http://mtr.q4web.com/home/default.aspx
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) announced today it achieved ISO 55001 certification for asset management systems in electric operations, a sign of progress in the company’s safety culture. Lloyd's Register, a United Kingdom-based system management assurance firm, awarded the certification.
Lloyd’s rigorous ISO 55001 evaluation process was more than three years in the making and included a comprehensive review of PG&E’s Electric Operations.
“PG&E has taken a stand that everyone and everything is always safe. And every day, we are making progress on this stand because it’s what our hometowns and customers expect and deserve. These rigorous certifications underscore our commitment to safely delivering reliable and affordable electric service and earning back trust and confidence in PG&E,” said Joe Bentley, senior vice president for Electric Engineering.
ISO 55001 is a set of requirements for an asset management system for managing complex assets focused on value, alignment of action, leadership and assurance. The certification validates practices and principles PG&E uses to manage its vast network of electric operations assets, which includes more than 18,000 miles of transmission lines, nearly 40,000 transmission towers, millions of distribution poles and nearly 1,000 substations throughout a service area that stretches from Bakersfield to Eureka and San Francisco to the Sierra Crest.
The certification mirrors one that the company’s Gas organization first achieved in 2014 for Gas Asset Management. Since then, Gas Operations has twice been recertified by Lloyd’s Register for best-in-class industry standards, most recently in late August of this year. In that audit, PG&E also was assessed and recommended for continued compliance with API 1173 (Pipeline Safety Management Systems) and successfully completed a surveillance audit for API 754, Process Safety Performance Indicators.
PG&E is the only gas utility in the United States with multiple international and industry certifications, which are considered as a benchmark for peer utilities.
The company’s Power Generation organization is also beginning its asset management process. Certification also exceeds requirements included in the Wildfire OII Settlement and the Plan of Reorganization approved by both the California Public Utilities Commission and the U.S. Bankruptcy Court.
Effective asset management systems help organizations achieve their purpose, mission and strategic goals by ensuring decisionmakers and other stakeholders have access and information needed for proactive risk and performance decisions. Strong asset management systems also demonstrate an organization’s intention and capability to manage risk, performance, and costs throughout the life cycle of an asset which improves overall organizational performance.
Qualified assessors review asset management plans and procedures, examine performance results across all asset categories in a system, conduct interviews across all levels of an organization along with field observations of assets and lifecycle maintenance and operating activities.
“There are many critical performance criteria applied in the field to ensure these assets operate as designed,” said Bill Barnes, the first U.S.-based Lloyd’s Register asset management assessor for the ISO 55001 standard. “Use of calibrated tools assures that field activities are delivered in accordance with specifications and standards.”
International standards, such as ISO 55001, provide a shared set of asset management principles, terms and expected benefits that can be used to evaluate the way an organization coordinates its asset management behaviors.
PG&E continues to strengthen its safety culture by investing in workforce development and supplying the latest tools and technology to enhance the safety and reliability of its electric service and system. Continuous improvement is at the heart of a safety culture and PG&E’s efforts to improve its safety culture doesn’t end with these certifications. The initial certifications are followed by regular reviews of assets across families of equipment and locations across a provider's network with similar levels of rigor.
About Lloyd’s Register
As an internationally recognized business assurance and inspection service provider, Lloyd’s Register is one of the world’s leading providers of quality, environmental, sustainability, food safety, occupational health and safety, information and cyber security, and customized assurance – delivered both in person and remotely.
About PG&E
PG&E, 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
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) announced today that it has been awarded a contract with Petrobras offshore Brazil for drillship, VALARIS DS-4. The contract is for a minimum term of 548 days. The rig is currently preservation stacked in the UK and will transit to the Canary Islands, where it will be reactivated and then mobilized to Brazil. The contract is anticipated to commence by early second quarter 2022.
About Valaris
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Cautionary Statements
Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "could," "may," "might," “should,” “will” and similar words. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the Company’s liquidity and ability to access financing sources, debt restrictions that may limit our liquidity and flexibility, the COVID-19 outbreak and global pandemic, the related public health measures implemented by governments worldwide, the volatility in oil prices caused in part by the COVID-19 pandemic and the decisions by certain oil producers to reduce export prices and increase oil production, and cancellation, suspension, renegotiation or termination of drilling contracts and programs. In particular, the unprecedented nature of the current economic downturn, pandemic, and industry decline may make it particularly difficult to identify risks or predict the degree to which identified risks will impact the Company’s business and financial condition. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10- Q, which are available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law.
Investor & Media Contact:
Tim Richardson
Director - Investor Relations
+1-713-979-4619
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