Goals include stewarding growth in global energy markets

HOUSTON--(BUSINESS WIRE)--Audubon Engineering Company LLC (AEC), a portfolio of companies providing engineering, consulting, construction, fabrication, cybersecurity, and technical field services to the energy, power, infrastructure, and industrial markets, announced today the promotion of David Robison to the position of CEO.

This promotion is part of a strategic initiative to advance AEC’s growth in emerging energy markets, including clean energy solutions like liquefied natural gas, hydrogen, and renewables. The move will help the company continue delivering efficient energy infrastructure and technical expertise to its customers around the world.

Over his 11-year tenure with AEC, David has held several positions, starting as the controller in the company’s accounting and finance group. He was promoted to CFO and has also served as the president of Audubon Field Solutions LLC for the last three years. He earned both a bachelor’s and a master’s degree in Accounting from Louisiana State University.

“I am truly honored to serve as Audubon’s next CEO,” David said. “AEC employs the most talented and dedicated people in our industry. Together, we will continue to build on our success while exceeding our clients’ expectations on value, sustainability, and quality.”

Ryan Hanemann, a managing partner of AEC, added, “David has been an invaluable part of our leadership team. His years of corporate stewardship and many contributions to our entrepreneurial culture will enable him to effectively lead Audubon to even greater success in globally integrated energy infrastructure services.”

On Twitter: @audubonco

About Audubon Engineering Company LLC

Audubon Engineering Company LLC is a portfolio of affiliate companies providing engineering, consulting, construction, fabrication, cybersecurity, and technical field services to the energy, power, infrastructure, and industrial markets. With proven industry experience, innovative technologies, and data-driven insight, the Audubon group of companies delivers sustainable solutions to build a better tomorrow. For more information, visit auduboncompanies.com.

Media Contact:
Ivonne Hallard
Sr. Director of Marketing and Communications
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• Reinforces Company’s Commitment to the Ten Principles of the Global Compact and to Advancing the UN’s Sustainable Development Goals

AKRON, Ohio--(BUSINESS WIRE)--$BW #sustainability--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has joined the United Nations (UN) Global Compact, a corporate sustainability initiative that provides a global platform for the development, implementation and disclosure of responsible business practices in the areas of human rights, labor, the environment and anti-corruption.

"B&W is a leading provider of clean energy solutions and systems that reduce greenhouse gases and help preserve the earth’s natural resources, and the UN Global Compact and its Ten Principles align closely with our business strategy, values and culture,” said B&W Chairman and Chief Executive Officer Kenneth Young. “As a leader and innovator in decarbonization solutions, renewable power generation including waste-to-energy, biomass-to-energy and solar, as well as advanced emissions control technologies, B&W has a responsibility to help drive the world’s energy transition to ensure a sustainable future.”

“We are pleased to announce our commitment to this important initiative and to engaging in collaborative projects that advance the broader development goals of the United Nations, particularly the Sustainable Development Goals,” Young said.

With more than 15,000 companies and 3,000 non-business signatories based in over 160 countries and 69 local networks, the UN Global Compact is the world’s largest corporate sustainability initiative, working to unite business for a better world.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to its status as a Participant in the UN Global Compact and its role in supporting global sustainability efforts, and to implementing actions in support of the Global Compact. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

Investor Contact:
Megan Wilson
Chief Strategy Officer and Sr. Vice President, Corporate Development
Babcock & Wilcox
704.625.4944
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Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
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One-third of U.S. Companies Report Losing Business Over Their Competitors’ Sustainability Practices

SANTA BARBARA, Calif.--(BUSINESS WIRE)--U.S. companies are encountering significant, long-term consequences — including lost sales — for not proactively addressing the climate crisis, according to a new report from NEXT Energy Technologies, Inc., released today. Among measurable pressures from partners, government regulators and investors, 33% of companies surveyed reported losing business to their competitors because of insufficient climate practices. Without properly addressing these concerns, companies risk losing employees, sales and investments to more green competitors in an already volatile marketplace.

NEXT surveyed more than 200 cross-industry senior managers, executives and C-suite decision-makers to better understand the challenges businesses face in addressing the climate crisis and what they’re doing to meet the mounting pressures from regulators and the broader business ecosystem. The report, Paying the Apathy Tax: How Climate Inaction Will Cost Companies, defines the response to pressures on companies into two categories — “hard” and “soft” compliance with climate change mitigation measures.

Hard Climate Compliance:
A quick and direct response to factors beyond the company’s realm of control, including government mandates, regulations and environmental urgency.

Soft Climate Compliance:
A measured response to more abstract factors, including social contracts, investment in real progress, customer or public perception, profit or market access.

Corporate Leaders Are Pushing for Climate Action, But for Different Reasons

Across the board, U.S. companies are working to improve their sustainability practices — 80% reported that their business has taken a more active approach to its environmental impact over the last few years. When queried about the primary driver behind increased climate action, respondents cited their leadership’s personal interest in climate progress (49%), access to new environmental-focused markets (34%) and PR/company image goals (32%) as the top factors.

Customers (and Investors) Are Speaking with their Dollars

Customers are wielding their buying power — they are more educated and socially engaged than ever and recognize that their money and how they spend it has influence over what companies do with their sustainability plans.

Seventy-four percent of respondents believe their customers are now more interested in buying and engaging with companies more seriously addressing their environmental impact. The challenge of public perception is reflected in the steps companies say they’re taking to improve their impact and image:

• Improving their supply chain processes or engaging with more sustainable suppliers (45%)
• Improving their shipping and handling methods to decrease carbon emissions (41%)
• Implementation of renewable or energy-efficient/generating features (33%)

Companies also report facing pressure from the broader business ecosystem of investors, vendors and other professional service partners. Nearly half (46%) of respondents reported discussing sustainability issues when engaging with outside entities. Further, 77% reported altering their company’s environmental impact plan based on those conversations.

“Every rational, engaged and forward-thinking board or C-suite realizes the need to act with urgency to address the climate crisis,” said Daniel Emmett, co-founder and CEO of NEXT. “Climate mitigation is no longer just a federal regulation problem for oil companies or manufacturers — the broader business community and consumers are making it crystal clear that inaction has tangible economic and competitive consequences.”

Office Buildings as a Bellwether

Across the U.S., business leaders are facing regulatory changes from both the federal and state governments. As climate change moves from “issue” to “crisis,” governments at all levels are beginning to recognize the importance of sustainable changes, and expecting businesses to recognize their climate impact — and take the necessary steps to change it. Eighty-two percent of respondents reported that government environmental regulations have required them to change the functions of their business.

One of the clearest and most observable manifestations of these changes is in the physical characteristics of the buildings these companies occupy. In 2021, the California Energy Commission (CEC) voted to require builders in the state to include solar power and battery storage in certain new commercial structures as well as high-rise residential projects.

Seventy percent of respondents reported willingness to alter features of their physical buildings and other workspaces to meet increasing demands. The leading choices of change were adding energy-efficient or energy-generating features and improving water conservation methods.

What Counts as “Enough”? What Else is on the Line?

Of those surveyed, 71% believe their companies’ sustainability efforts are “enough” to meet impending regulatory requirements and consumer demand for action. In a previous report by NEXT, 74% of employees said they would consider leaving their job if their company wasn’t meeting their expectations for climate and sustainability.

As consumer, investor and even employee behavior continue to reward companies that go beyond the bare minimum of today, it’s imperative business decision-makers understand the risk of sales, employee and market attrition if they lag behind.

To download the full report and to learn more about NEXT, visit www.nextenergyinsights.com.

About NEXT Energy Technologies, Inc.

NEXT Energy Technologies is a Santa Barbara, California company developing transparent energy harvesting window technology that allows architects and building owners to transform windows and glass facades into producers of low-cost, on-site, renewable energy for buildings. NEXT’s technology is enabled by proprietary organic semiconducting materials that are earth-abundant, low-cost, and are coated as an ink in a high-speed, low-cost, and low energy process. For more information, visit https://www.nextenergytech.com/.

Eric Becker
104 West Partners for NEXT Energy Technologies
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”) today announced an updated long-term base dividend growth plan. Details can be found in the presentation made available today on NOG’s website at https://www.northernoil.com/investors/company-information/presentations.

DIVIDEND GROWTH PLAN ACCELERATION

NOG management has updated its recommended long-term base dividend plan to increase planned growth in 2022 and 2023. Quarterly dividend growth is now expected to average 23% through year-end 2023, with significant acceleration in 2022. This includes a plan to recommend a dividend of $0.19 per share to the Board of Directors for the second quarter of 2022, a 36% increase over the first quarter dividend, and 27% higher than the previous target of $0.15.

ADDITIONAL SHAREHOLDER RETURNS

NOG continues to use its free cash flow to boost shareholder returns. During the first quarter of 2022, NOG has agreed to repurchase and retire approximately $26.3 million in face value of its 6.5% Series A Perpetual Convertible Preferred Stock, including the $7.2 million previously announced in NOG’s year-end earnings release. After these transactions, the remaining outstanding liquidation preference value of NOG’s Preferred Stock has been reduced to $195.6 million.

In total, these transactions reduce NOG’s fully diluted share count by approximately 1.2 million shares and reduce annualized dividends on the Series A stock by approximately $1.7 million.

MANAGEMENT COMMENT

“Robust free cash flow continues to allow us to reach our targets faster,” commented Nick O’Grady, NOG’s Chief Executive Officer. “This has driven NOG to accelerate our dividend growth plan, while also taking advantage of what we perceive as a significant dislocation in our current market valuation. These actions will serve to boost per share values, reduce preferred dividend payments and simplify our balance sheet, while we continue to target less than 1.0x leverage in 2022. Additionally, as 2022 progresses, a strong pipeline of high-quality bolt-on prospects continues to grow, and this could provide further accretion opportunities and increase long term cash return potential for shareholders.”

ABOUT NORTHERN OIL AND GAS

NOG 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 NOG can be found at www.northernoil.com.

SAFE HARBOR

This press release and the presentation referred to herein contain forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts included or referenced in this press release regarding NOG’s dividend plans and practices (including timing, amounts and relative performance), financial position, business strategy, plans and objectives for future operations, industry conditions, cash flow, and borrowings are forward-looking statements. When used in this presentation, 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 NOG’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in NOG’s capitalization, changes in crude oil and natural gas prices; the pace of drilling and completions activity on NOG’s properties and properties pending acquisition; the effects of the COVID-19 pandemic and related economic slowdown; NOG’s ability to acquire additional development opportunities; the projected capital efficiency savings and other operating efficiencies and synergies resulting from NOG’s acquisition transactions; integration and benefits of property acquisitions, or the effects of such acquisitions on NOG’s cash position and levels of indebtedness; changes in NOG’s reserves estimates or the value thereof; general economic or industry conditions, nationally and/or in the communities in which NOG conducts business; changes in the interest rate environment or market dividend practices, legislation or regulatory requirements; conditions of the securities markets; NOG's ability to consummate any pending acquisition transactions; other risks and uncertainties related to the closing of pending acquisition transactions; NOG’s ability to raise or access capital; changes in accounting principles, policies or guidelines; and financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting NOG’s operations, products, services and prices. Additional information concerning potential factors that could affect future plans and results is included in the section entitled “Item 1A. Risk Factors” and other sections of NOG’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as updated from time to time in amendments and subsequent reports filed with the SEC, which describe factors that could cause NOG’s actual results to differ from those set forth in the forward-looking statements.

NOG 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 NOG’s control. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except as may be required by applicable law or regulation, NOG does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.

Mike Kelly, CFA
Chief Strategy Officer
952-476-9800
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SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation (NYSE: PCG) today announced the appointment of Carlos Hernandez, former Chief Executive Officer of Fluor Corporation, to the Boards of Directors of PG&E Corporation and its subsidiary Pacific Gas and Electric Company, effective March 11, 2022. Mr. Hernandez brings decades of experience in industries focused on safety and operational excellence.

Mr. Hernandez’s career has spanned engineering, procurement, manufacturing and distribution companies, and his expertise includes risk management, safety and environmental matters, governance, compliance and law.

“With decades of executive leadership experience in key industries, Carlos will be invaluable in helping PG&E continue to improve its operational and safety performance to better serve our customers,” said Robert C. Flexon, Chair of the Board of PG&E Corporation.

Mr. Hernandez joined Fluor Corporation, a global engineering and construction company, as Chief Legal Officer in 2007 and served as CEO from May 2019 until he retired in December 2020. Prior to joining Fluor, he served as general counsel for ArcelorMittal Americas, a major steel producer that is part of the ArcelorMittal steel group.

“I am honored to serve on PG&E’s Boards to support CEO Patti Poppe and her leadership team in their essential role of providing safe, clean, reliable and affordable energy for the people of California,” said Mr. Hernandez.

Mr. Hernandez serves on the Board of Directors of Steward Health Care System LLC, which owns and operates 39 hospitals across the United States, as well as five internationally. He holds a Bachelor of Science degree in civil engineering from Purdue University and a Juris Doctor degree from the University of Miami School of Law.

He is the recipient of the Dallas Hispanic Bar Association Corporate Counsel Diversity Award, the Robert H. Dedman Award in Ethics and Law, and the Hispanic National Bar Foundation Corporate Leadership Award.

About PG&E Corporation

PG&E Corporation (NYSE: PCG) is a holding company headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com. In this press release, they are together referred to as “PG&E.”

Media Relations
415.973.5930

VANCOUVER, British Columbia--(BUSINESS WIRE)--$LPEN--Loop Energy™ (TSX: LPEN) announces that Mobility & Innovation is launching its H2Bus, an 8-metre hydrogen-electric minibus. A launch event is being held in Bratislava, Slovakia, today.

With more than 1,200 kilometres driven, Mobility & Innovation developed the bus to demonstrate the viability of hydrogen fuel cell technology in transit vehicles and market its future product line. The bus, with seating for 21 passengers, offers a zero-emissions solution to urban transit. Power will be provided by a Loop Energy S300 Series hydrogen fuel cell system and an electric motor.

Mobility & Innovation will display the bus in Slovakia, Italy, Switzerland, Hungary and the Czech Republic, with the goal of securing orders for the H2Bus in markets across Europe.

Fuel efficiency is the standout feature, with the H2Bus requiring just 10.5 kilograms of hydrogen to achieve more than 400 kilometres of range. The increased fuel efficiency allows for lower onboard fuel storage, which has enabled the flexibility to integrate the hydrogen tanks into the bus' engine compartment. H2Bus is an early example of where this design has been made possible in a minibus.

Mobility & Innovation chose Loop Energy's 30 kW fuel cell system after its eFlow^TM technology outperformed competitors' products in fuel efficiency tests last year. Throughout the Pilot Phase of its Customer Adoption Cycle, Loop Energy provided integration and design support to help achieve EU homologation approval. Now that Mobility & Innovation can offer the H2Bus for fleet deployment, Loop Energy believes it is close to advancing to the Scale up Phase. The launch is a successful example of Loop Energy's go-to-market strategy to focus on hydrogen fuel cell adoption within commercial mobility.

"We are extremely excited to see the H2Bus come to life and believe it will set a new standard for performance in hydrogen-electric mobility across Europe," said Loop Energy Chief Commercial Officer, George Rubin. "Throughout this project, the focus has been on how we can make the H2Bus as fuel-efficient as possible – we are proud that our eFlow technology could help Mobility & Innovation achieve its fuel consumption targets."

"The H2Bus has always had ambitious fuel consumption targets, and by choosing Loop Energy's fuel cell, we did not have to compromise our vision," said Mobility & Innovation Co-Owner and CEO, János Onódi. "We aim to show bus fleet operators around Europe that hydrogen mobility is a viable option when transitioning to electrification."

To celebrate the completion of H2Bus, Mobility & Innovation will host the launch event today in Bratislava, Slovakia, March 15. More than 50 members of government, industry, and the media will be in attendance. Loop Energy will share its experience integrating its fuel cell system into the bus during the event. Also in attendance will be the Slovakian Ministry of Economics, which is an advocate and supporter of the hydrogen projects in Slovakia.

Loop Energy announced the shipment of the fuel cell system in September 2021 and has agreed to deliver more systems over the next two and a half years.

About Mobility & Innovation Production s.r.o.

Mobility & Innovation Production s. r. o. is a Slovakia-based company responsible for the development of composite lightweight, zero-emission city bus platform. M&I's platform is known for its hydrogen electric powertrain and industry leading GVWR (Gross Vehicle Weight Rating) for a zero-emission transit bus vehicle, while its low curb weight enables greater passenger capacity while still meeting even the most stringent axel load requirements. For more information, please visit http://mobility-inovation.sk/hu.html.

About Loop Energy Inc.

Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature its proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ is designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflect management's current expectations and projections regarding future events. Particularly, statements regarding the Company’s expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information, including without limitation the expected fuel efficiency and performance of the Company’s products and the Company’s expectation of future orders for its products from Mobility & Innovation. Forward-looking information is based on a number of assumptions (including without limitation assumptions with respect the current and future performance of the Company’s products and growth in demand for the Company’s products from Mobility & Innovation and other customers) and is subject to a number of risks and uncertainties, many of which are beyond the Company's control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward‐looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy, progress existing and future customers through the Customer Adoption Cycle in a timely way, the realization of electrification of transportation, the elimination of diesel fuel and ongoing government support of such developments, the expected growth in demand for fuel cells for the commercial transportation market and the factors discussed under "Risk Factors" in the Company's Annual Information Form dated March 30, 2021. Loop disclaims any obligation to update these forward-looking statements.

Business Inquiries
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Media Inquiries:
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Investor Inquiries:
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Mobility & Innovation Production s.r.o. Inquiries:
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (“Global” or the “Partnership”) today announced that Sean T. Geary was appointed by the Board of Directors of the Partnership’s general partner, Global GP LLC, to serve as Chief Legal Officer effective March 1, 2022.

Geary has been a leader at Global Partners for the past 16 years, progressing into roles of increasing responsibility. Most recently, he served as Acting General Counsel and Secretary of Global and its general partner following the passing of the Partnership’s long-time General Counsel in May 2021. Prior to, and during his interim appointment, Geary also served as Vice President of Mergers & Acquisitions.

Eric Slifka, President and CEO of Global Partners and Vice Chairman of Global GP LLC, said, “Over the past 16 years I’ve had the privilege to work with Sean and witness his growth. Sean’s leadership has been fundamental to our acquisition and growth strategy. Sean is known for his unrelenting work ethic, pragmatic approach, and his ability to assemble teams to negotiate and close deals. We undertook a rigorous search for this position, and Sean’s skills, experience, and level demeanor rose to the top.”

Before joining Global in 2005, Geary spent more than 10 years at large law firms. He received a bachelor’s degree from the University of Vermont and a J.D. from Boston University School of Law. Geary is passionate about charity and giving back. He serves on the board of directors of Christmas in the City, Inc. and is involved in other charitable organizations benefitting children.

About Global Partners

With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.

Catie Kerns
SVP Corporate Affairs
Global Partners LP
(781) 894-8800

CLEVELAND--(BUSINESS WIRE)--Power management company Eaton today announced it has once again been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies in 2022. This recognition honors companies demonstrating exceptional leadership and a commitment to business integrity through best-in-class ethics, compliance, and government practices.

“Our commitment to doing business right is deeply rooted in our company’s history and is fundamental to our culture,” said Joe Rodgers, senior vice president, Ethics and Compliance. “‘Doing business right’ means conducting ourselves with integrity in our interactions with each other, our customers, our suppliers, and the communities where we live and work. This honor reflects our ongoing commitment to our global ethics and compliance program, leading with our values, and our firmly held conviction that we all own ethics.”

Eaton has made the list 11 times since the Ethisphere Institute created the World’s Most Ethical Companies designation in 2007. This year, the company is one of only seven honorees in the Industrial Manufacturing category. In all, 136 honorees were recognized spanning 22 countries and 45 industries.

The assessment included more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives supporting a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

“We are deeply committed to transparency and grateful for this recognition,” said Harold V. Jones, chief sustainability officer, Eaton. “Doing business right is not just about ethics, but governance too, and key to our sustainability program. This honor demonstrates that we are reporting our performance and results transparently.”

“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance, and community. Congratulations to Eaton for earning the World’s Most Ethical Companies designation.”

For more information on our company, our ethics or career opportunities, visit Eaton.com.

Ethisphere® is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power—today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.

Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. Follow us on Twitter and LinkedIn.

Drew Horansky, +1 216.523.4306

Allego expects to begin trading on the New York Stock Exchange on March 17, 2022, under the ticker symbols ALLG and ALLG.WS

PARIS & ARNHEM, Netherlands & NEW YORK--(BUSINESS WIRE)--Spartan Acquisition Corp. III (“Spartan”) (NYSE: SPAQ), a publicly-traded special purpose acquisition company, today announced that it plans to complete its business combination with Allego Holding B.V. (“Allego”), a leading pan-European electric vehicle charging network, on Wednesday, March 16, 2022.

“We look forward to closing our business combination with Allego tomorrow and are very pleased to bring them public on the New York Stock Exchange to continue advancing EV charging across Europe,” said Geoffrey Strong, Chairman and Chief Executive Officer of Spartan and Senior Partner and Co-Lead of Infrastructure and Natural Resources at Apollo.

In connection with the completion of the business combination, Allego N.V.’s (the “Company”) ordinary shares and warrants are expected to commence trading on the New York Stock Exchange on Thursday, March 17, 2022, under the ticker symbols “ALLG” and “ALLG.WS,” respectively.

About Allego

Allego delivers charging solutions for electric cars, motors, buses, and trucks, for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprised of more than 26,000 charge points operational throughout Europe – and growing rapidly. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives us and our customers a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.

About Spartan Acquisition Corp. III

Spartan Acquisition Corp. III is a special purpose acquisition entity focused on the energy value-chain and was formed for the purpose of entering into a merger, amalgamation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Spartan is sponsored by Spartan Acquisition Sponsor III LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (NYSE: APO). For more information, please visit www.spartanspaciii.com.

Forward-Looking Statements.

This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Spartan’s and Allego’s actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Spartan’s and Allego’s expectations with respect to future performance and anticipated financial impacts of the business combination. These forward-looking statements are subject to several risks and uncertainties, including (i) changes in domestic and foreign business, market, financial, political, and legal conditions; (ii) risks related to the rollout of Allego’s business strategy and the timing of expected business milestones; (iii) risks related to the consummation of the proposed business combination with Spartan being delayed or not occurring at all; (iv) risks related to political and macroeconomic uncertainty; (v) the risk that the operating and strategic initiatives described in this communication are delayed or do not occur at all; and (vi) the impact of the global COVID-19 pandemic, including its impact on any of the foregoing risks. The foregoing list of factors is not exclusive. Additional information concerning certain of these and other risk factors is contained in Spartan’s most recent filings with the SEC and in the registration statement on Form F-4 (the “Form F-4”), including the proxy statement/prospectus forming a part thereof filed by Athena Pubco in connection with the business combination on September 30, 2021, as amended on December 14, 2021, January 18, 2022 and February 1, 2022. All subsequent written and oral forward-looking statements concerning Spartan, Allego or Athena Pubco, the transactions described herein or other matters and attributable to Spartan, Allego, Athena Pubco or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Each of Spartan, Allego and Athena Pubco expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law.

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Presentation includes recent Preliminary Economic Assessment of potential second hydroxide plant and projected production timelines for projects in Quebec and Ghana

BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc., (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today released a new Corporate Overview Presentation. The updated overview includes recent information addressing overall market conditions, lithium supply and demand projections from industry analysts, and pricing trends. The presentation also provides a detailed overview and update on Piedmont’s multiple resources in North Carolina, Quebec, and Ghana. In addition, information from the recently released Preliminary Economic Assessment (PEA) of a second lithium hydroxide plant has now also been included, as well as estimated production timelines related to a restart of the North American Lithium asset in Quebec, and spodumene concentrate production from the Ewoyaa project with Atlantic Lithium in Ghana.

“While there remains a focus on our proposed flagship Carolina Lithium Project in Gaston County, N.C., we’ve been expanding our portfolio of mineral resources, production capacity, and upside financial exposure through assets and strategic investments in Quebec and Ghana,” commented Piedmont Lithium President and CEO, Keith Phillips. “The planned 2023 restart of North American Lithium in conjunction with our partner, Sayona Mining, and the potential for spodumene production at Ewoyaa in partnership with Atlantic Lithium as early as 2024, creates an attractive timeline for potential revenue generation that could precede output at our proposed Carolina Lithium project. The steady drumbeat of expansion announcements from OEM’s and battery makers alike, continues to drive the need for additional lithium hydroxide supply to support the U.S. market. We see expanding our access to resources, plus looking at additional hydroxide production capacity through a second potential plant, as a way of delivering security of supply to potential customers and returning value to shareholders in the process,” added Phillips.

The updated presentation for March can be found under the Investor section of the Piedmont Lithium website at: https://piedmontlithium.com/investors/presentations/

About Piedmont Lithium

Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and in demand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information, www.piedmontlithium.com.

Forward Looking Statements

This announcement includes forward-looking statements within the meaning of applicable securities laws, including statements about LHP-2, the potential selection of a site for such plant, timing and expectations around any development and production of the plant and estimates and assumptions around permitting, revenues and costs of the plant. These forward-looking statements are based on Piedmont’s expectations and beliefs concerning future events. Such forward-looking statements concern Piedmont’s anticipated results and progress of its operations in future periods, planned exploration and, if warranted, development of its properties and plans related to its business and other matters that may occur in the future. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. All statements contained herein that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “may,” “might,” “will,” “could,” “can,” “shall,” “should,” “would,” “leading,” “objective,” “intend,” “contemplate,” “design,” “predict,” “potential,” “plan,” “target” and similar expressions are generally intended to identify forward-looking statements.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to:

• the risk that anticipated plans, development, production, revenues or costs are not attained;
• Piedmont’s operations being further disrupted and Piedmont’s financial results being adversely affected by public health threats, including the novel coronavirus pandemic;
• Piedmont’s limited operating history in the lithium industry;
• Piedmont’s status as a development stage company, including Piedmont’s ability to identify lithium mineralization and achieve commercial lithium mining;
• mining, exploration and mine construction, if warranted, on Piedmont’s properties, including timing and uncertainties related to acquiring and maintaining mining, exploration, environmental and other licenses, permits, access rights or approvals in Gaston County, North Carolina, the Province of Quebec, Canada and Cape Coast, Ghana as well as properties that Piedmont may acquire or obtain an equity interest in the future;
• completing required permitting activities required to commence processing operations for the LHP-2 Project;
• Piedmont’s ability to achieve and maintain profitability and to develop positive cash flows from Piedmont’s processing activities;
• Piedmont’s estimates of mineral reserves and resources and whether mineral resources will ever be developed into mineral reserves;
• investment risk and operational costs associated with Piedmont’s exploration activities;
• Piedmont’s ability to develop and achieve production on Piedmont’s properties;
• Piedmont’s ability to enter into and deliver products under supply agreements;
• the pace of adoption and cost of developing electric transportation and storage technologies dependent upon lithium batteries;
• Piedmont’s ability to access capital and the financial markets;
• recruiting, training and developing employees;
• possible defects in title of Piedmont’s properties;
• compliance with government regulations;
• environmental liabilities and reclamation costs;
• estimates of and volatility in lithium prices or demand for lithium;
• Piedmont’s common stock price and trading volume volatility;
• the development of an active trading market for Piedmont’s common stock;
• Piedmont’s failure to successfully execute our growth strategy, including any delays in Piedmont’s planned future growth; and
• other factors set forth in Piedmont’s most recent Annual Report on Form 10-K and subsequent reports, as filed with the U.S. Securities and Exchange Commission.

All forward-looking statements reflect Piedmont’s beliefs and assumptions based on information available at the time the assumption was made. These forward-looking statements are not based on historical facts but rather on management’s expectations regarding future activities, results of operations, performance, future capital and other expenditures, including the amount, nature and sources of funding thereof, competitive advantages, business prospects and opportunities. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, known and unknown, that contribute to the possibility that the predictions, forecasts, projections or other forward-looking statements will not occur. Although Piedmont have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated, or expected. Piedmont cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the securities laws of the United States, Piedmont disclaims any obligation to subsequently revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Piedmont qualifies all the forward-looking statements contained in this release by the foregoing cautionary statements.

Keith Phillips
President & CEO
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Brian Risinger
VP – Investor Relations and Corporate Communications
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HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Senior Vice President and Chief Financial Officer Alan R. Curtis and Senior Vice President, Offshore Projects Group, Benjamin Laura, will meet with institutional investors at the Scotia Howard Weil Energy Conference on Tuesday, March 22, 2022.

The conference handout will be available on the Investor Relations page of Oceaneering's website at www.oceaneering.com after market close on Monday, March 21, 2022.

Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainments industries.

For more information on Oceaneering, please visit www.oceaneering.com.

Mark Peterson
Vice President, Corporate Development and Investor Relations
Oceaneering International, Inc.
713-329-4507
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Recognition honors companies demonstrating exceptional leadership and a commitment to business integrity through best-in-class ethics, compliance and governance practices

DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today that it has been recognized by Ethisphere as one of the 2022 World’s Most Ethical Companies. This is the sixth year AECOM has been honored with this designation for the company’s commitment to integrity and making a positive impact. Ethisphere is a global leader in defining and advancing the standards of ethical business practices and in 2022, the organization recognized 136 companies spanning 22 countries and 47 industries.

“AECOM is a purpose-driven company, and this recognition by Ethisphere reflects the dedication by our people to deliver excellence through their work and maintain the highest levels of ethics in our business,” said Troy Rudd, AECOM’s chief executive officer. “As a trusted partner to our clients, our commitment to ethics is core to prioritizing ESG in all that we do and leading our industry toward a more sustainable and equitable future.”

“Congratulations to AECOM for earning the World’s Most Ethical Companies designation for the sixth time, and the second year in a row,” said Ethisphere CEO, Timothy Erblich. “We commend the AECOM team for its commitment to upholding high ethical standards in its project work and operations — and its dedication to infusing ethics into its strategy — an approach that creates a positive impact on the communities it serves. We are inspired by the World’s Most Ethical Companies honorees and their dedication to integrity, sustainability, governance, and community.”

AECOM’s commitment to safeguard a workplace culture defined by integrity is paramount to its continued success. Its Ethics and Compliance program is a major focal point and integral part of the company’s culture, and senior leaders at AECOM promote ethical behavior through global and regional ethics committees. Additionally, all employees participate in annual Code of Conduct training, which received a third consecutive year of 100% completion in fiscal 2021.

“Ethisphere’s recognition of AECOM as one of the World’s Most Ethical Companies honors our teams’ efforts to operate with integrity and ongoing drive to do the right thing,” said David Gan, AECOM’s chief legal officer. “Through the strength of our Ethics & Compliance program, AECOM fosters an ethical culture that helps to ensure our work delivers sustainable legacies in communities around the world.”

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

For this full list of this year’s honorees, please visit www.worldsmostethicalcompanies.com/honorees.

About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Media:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
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Investors:
Will Gabrielski
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The two leaders of the nascent world of hydrogen aviation will join forces in several key segments to provide an end-to-end solution for hydrogen-powered flight

LOS ANGELES--(BUSINESS WIRE)--#aerospace--“New industries are seldom built by one individual or one company,” said Taras Wankewycz, founder and CEO of H3 Dynamics. “They require coalitions and ultimately entire ecosystems.” Today, Universal Hydrogen Co. and H3 Dynamics announced a new partnership in hydrogen aviation. “At H3 Dynamics, we have more than a decade of experience in hydrogen-powered flight, with a focus on powertrains for unmanned—and soon manned—aircraft,” said Wankewycz. “And as Universal Hydrogen is clearly positioned to lead the market in hydrogen fuel services for aviation, it is natural for our companies to work together to make true zero emissions flight a reality.” The two companies will leverage their respective strengths to build scale with greater speed in the hydrogen aviation space.

The collaboration will initially focus on the full range of unmanned aircraft, from small drones to large unmanned cargo delivery, with H3 Dynamics developing and supplying fuel cell powertrain solutions and Universal Hydrogen providing green hydrogen fuel logistics using its modular capsule technology. The partnership extends to manned aircraft, including eVTOL and other light aircraft segments. The two companies also agreed to collaborate in the regional aircraft market, focusing on new-build regional airliners with a distributed propulsion architecture.

“This partnership is an instant force multiplier for the scale and reach of both companies and will enable us to move faster to offer true zero-emissions solutions across a broad range of aircraft,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen Co. “For this reason, we are also looking at standing up a joint R&D center in Toulouse, France, as Toulouse is a critical talent hub for us both.”

“Energy transition for a complex and expansive sector like aviation requires a whole-value chain approach, where each segment of the hydrogen value chain is ready at the same time,” said Eremenko. “This collaboration between H3 Dynamics and Universal Hydrogen allows us to complete the hydrogen value chain for several rapidly growing aviation segments, and to do it much more quickly.”

About H3 Dynamics
H3 Dynamics is a world leader in advanced aerial mobility technologies, including zero emission hydrogen-electric propulsion. The company is implementing a sustainable, safety-first 3-phase roadmap, starting with autonomous data services, moving next to autonomous hydrogen cargo, and passenger flight as a final step. The company services clients globally from its 3 regional headquarters in Austin, Singapore, and Paris.

About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.

Universal Hydrogen
Kate Gundry
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H3 Dynamics
Taras Wankewycz
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HOUSTON--(BUSINESS WIRE)--Natural Resource Partners L.P. (NYSE:NRP) today reported fourth quarter and full year 2021 results as follows:

"Strong demand for metallurgical coal, thermal coal and soda ash in the fourth quarter produced one of the best quarters in terms of free cash flow generation in the Partnership’s history," stated Craig Nunez, NRP's President & Chief Operating Officer. "While COVID-19 remains a risk factor for the global economy, we expect to generate robust free cash flow in the months ahead and plan to continue using that cash to pay down debt, solidify our capital structure and maintain common unit distributions."

Mr. Nunez continued, "We also closed our first carbon sequestration transaction in the fourth quarter, receiving $13.8 million in exchange for agreeing to sequester 1.1 million tonnes of carbon dioxide ("CO₂") in our West Virginia forestland. We announced our second carbon sequestration transaction earlier this quarter after granting Denbury the right to develop a world-class subsurface CO₂ sequestration project on 75,000 acres of underground pore space we control in southwest Alabama, which Denbury believes has the potential to store over 300 million tonnes of CO₂. We expect this project, if developed, to be the first of what will potentially be numerous subsurface carbon sequestration projects conducted on the approximately 3.5 million acres where we own the rights to sequester CO₂ underground across the United States. These projects have the potential to provide important benefits to the environment and add significant value to NRP over the coming years.”

NRP's liquidity was $235.5 million at December 31, 2021, consisting of $135.5 million of cash and $100.0 million of borrowing capacity available under its revolving credit facility.

NRP redeemed at par all 19,321 of its paid-in-kind 12.0% Class A Convertible Preferred Units for $19.6 million in cash in accordance with their terms and including accrued interest. Following the redemption, no paid-in-kind preferred units remain outstanding. Additionally, NRP declared a fourth quarter 2021 cash distribution of $0.45 per common unit and a $7.5 million cash distribution on the preferred units. Future distributions on NRP's common and preferred units will be determined on a quarterly basis by the Board of Directors. The Board of Directors considers numerous factors each quarter in determining cash distributions, including profitability, cash flow, debt service obligations, market conditions and outlook, estimated unitholder income tax liability and the level of cash reserves that the Board determines is necessary for future operating and capital needs.

Segment Performance

Mineral Rights (segment formerly named Coal Royalty and Other)

NRP has changed the name of its Coal Royalty and Other business segment to Mineral Rights. This name change highlights NRP’s vast mineral ownership interests as well as its intensifying focus on leveraging the Partnership's asset footprint across the United States, including subsurface carbon sequestration rights, to become a key player in the transitional energy economy for the years to come. There has been no change to the composition of this reportable business segment or the structure of NRP's internal organization in connection with this name change.

Mineral Rights net income for the fourth quarter and full year of 2021 increased $38.1 million and $183.6 million, respectively, as compared to the prior year periods. Free cash flow for the fourth quarter and full year of 2021 increased $34.1 million and $35.1 million, respectively, as compared to the prior year periods. These increases were primarily due to stronger metallurgical coal demand and pricing in 2021 and $13.8 million of cash received in the fourth quarter of 2021 from the forestland carbon sequestration transaction. In addition, full year 2021 net income improved due to $130.8 million of higher asset impairments recorded in 2020. Approximately 75% of coal royalty revenues and approximately 55% of coal royalty sales volumes were derived from metallurgical coal in the fourth quarter of 2021.

Metallurgical coal markets have rebounded significantly from the lows seen in 2020 to record high pricing and the outlook remains strong as steel demand driven by global economic recovery is more than offsetting challenges related to the COVID-19 pandemic. Domestic and export thermal coal markets have also significantly improved from the lows seen in 2020, however NRP did not have meaningful sensitivity to thermal coal price movements in 2021 since the substantial majority of NRP's thermal cash flows were fixed pursuant to a contract with Foresight Energy that went into effect as it emerged from bankruptcy in 2020. That contract expired at the end of 2021 and NRP began receiving traditional royalty payments in January 2022. While NRP may benefit from improved thermal coal demand and pricing in the near term, thermal coal markets still face the long-term challenges presented by competition from natural gas and the secular shift to renewable energy.

In addition, NRP continues to identify alternative revenue sources across its large portfolio of land, mineral and timber assets. The types of opportunities include the sequestration of carbon dioxide underground and in standing forests, and the generation of electricity using geothermal, solar and wind energy. While the timing and likelihood of additional cash flows being realized from further activities is uncertain, NRP believes its large ownership footprint throughout the United States will provide additional opportunities to create value in this regard with minimal capital investment.

Soda Ash

In December, a publicly-traded Turkish conglomerate, Sisecam, acquired a majority stake in the managing partner of Sisecam Wyoming LLC, the business formerly known as Ciner Wyoming LLC. Sisecam brings extensive experience and knowledge to NRP's soda ash partnership given its soda ash operating experience in Turkey, Bulgaria and Europe, as well as its container and flat glass manufacturing around the world. NRP looks forward to working with Sisecam to build on the significant value realized by the soda ash partnership with the Ciner Group, which continues to own a minority stake in the partnership.

Soda ash net income in the fourth quarter and full year of 2021 increased $5.1 million and $11.2 million, respectively, as compared to the prior year period as demand and pricing for soda ash continues to improve globally from the lows caused by the COVID-19 pandemic. As a result of the soda ash segment's improved performance, Sisecam Wyoming reinstated regular quarterly cash distributions in the fourth quarter of 2021, which were previously suspended since the third quarter of 2020. Accordingly, free cash flow in the fourth quarter of 2021 increased $7.3 million as compared to the prior year period, but decreased $2.9 million for the full year of 2021 as compared to the prior year due to the regular quarterly cash distributions being suspended until the fourth quarter of 2021.

Corporate and Financing

Corporate and financing costs in the fourth quarter and full year of 2021 increased by $2.2 million and $1.0 million, respectively, as compared to the prior year periods, primarily due to an increase in incentive compensation as a result of significantly improved operating results in 2021, partially offset by lower interest expense as a result of less debt outstanding. Free cash flow in the fourth quarter and full year of 2021 improved $0.4 million and $2.1 million, respectively, as compared to prior year periods primarily due to lower cash paid for interest as a result of less debt outstanding in 2021.

As noted earlier, NRP declared a fourth quarter 2021 cash distribution of $0.45 per common unit of NRP and a $7.5 million cash distribution on the preferred units. NRP's consolidated leverage ratio fell from 4.6x at December 31, 2020 to 2.7x at December 31, 2021 and expects its leverage ratio to continue to decline for the foreseeable future.

Conference Call

A conference call will be held today at 9:00 a.m. ET. To register for the conference call, please use this link: https://conferencingportals.com/event/kfJdSHYP. After registering a confirmation will be sent via email, including dial in details and unique conference call codes for entry. Registration is open through the live call, however, to ensure you are connected for the full call we suggest registering at least 10 minutes prior to the start of the call. Investors may also listen to the call via the Investor Relations section of the NRP website at www.nrplp.com. To access the replay, please visit the Investor Relations section of NRP’s website.

Company Profile

Natural Resource Partners L.P., a master limited partnership headquartered in Houston, TX, is a diversified natural resource company that owns, manages and leases a diversified portfolio of properties in the United States including coal, industrial minerals and other natural resources, as well as rights to conduct carbon sequestration and renewable energy activities. NRP also owns an equity investment in Sisecam Wyoming LLC, one of the world’s lowest-cost producers of soda ash.

For additional information, please contact Tiffany Sammis at 713-751-7515 or This email address is being protected from spambots. You need JavaScript enabled to view it.. Further information about NRP is available on the Partnership’s website at http://www.nrplp.com.

Forward-Looking Statements

This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership. These risks include, among other things, statements regarding: the effects of the global COVID-19 pandemic; future distributions on the Partnership’s common and preferred units; the Partnership's business strategy; its liquidity and access to capital and financing sources; its financial strategy; prices of and demand for coal, trona and soda ash, and other natural resources; estimated revenues, expenses and results of operations; projected future performance by the Partnership's lessees, including Foresight Energy; Ciner Wyoming LLC’s trona mining and soda ash refinery operations; distributions from the soda ash joint venture; the impact of governmental policies, laws and regulations, as well as regulatory and legal proceedings involving the Partnership, and of scheduled or potential regulatory or legal changes; global and U.S. economic conditions; and other factors detailed in Natural Resource Partners’ Securities and Exchange Commission filings. Natural Resource Partners L.P. has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

"Adjusted EBITDA" is a non-GAAP financial measure that we define as net income (loss) less equity earnings from unconsolidated investment, net income attributable to non-controlling interest and gain on reserve swap; plus total distributions from unconsolidated investment, interest expense, net, debt modification expense, loss on extinguishment of debt, depreciation, depletion and amortization and asset impairments. Adjusted EBITDA should not be considered an alternative to, or more meaningful than, net income or loss, net income or loss attributable to partners, operating income or loss, cash flows from operating activities or any other measure of financial performance presented in accordance with GAAP as measures of operating performance, liquidity or ability to service debt obligations. There are significant limitations to using Adjusted EBITDA as a measure of performance, including the inability to analyze the effect of certain recurring items that materially affect our net income, the lack of comparability of results of operations of different companies and the different methods of calculating Adjusted EBITDA reported by different companies. In addition, Adjusted EBITDA presented below is not calculated or presented on the same basis as Consolidated EBITDA as defined in our partnership agreement or Consolidated EBITDDA as defined in Opco's debt agreements. Adjusted EBITDA is a supplemental performance measure used by our management and by external users of our financial statements, such as investors, commercial banks, research analysts and others to assess the financial performance of our assets without regard to financing methods, capital structure or historical cost basis.

“Distributable cash flow” or "DCF" is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities of continuing operations plus distributions from unconsolidated investment in excess of cumulative earnings, proceeds from asset sales and disposals, including sales of discontinued operations, and return of long-term contract receivable; less maintenance capital expenditures and distributions to non-controlling interest. DCF is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating, investing or financing activities. DCF may not be calculated the same for us as for other companies. In addition, distributable cash flow is not calculated or presented on the same basis as distributable cash flow as defined in our partnership agreement, which is used as a metric to determine whether we are able to increase quarterly distributions to our common unitholders. Distributable cash flow is a supplemental liquidity measure used by our management and by external users of our financial statements, such as investors, commercial banks, research analysts and others to assess our ability to make cash distributions and repay debt.

“Free cash flow” or "FCF" is a non-GAAP financial measure that we define as net cash provided by (used in) operating activities of continuing operations plus distributions from unconsolidated investment in excess of cumulative earnings and return of long-term contract receivable; less maintenance and expansion capital expenditures, cash flow used in acquisition costs classified as investing or financing activities and distributions to non-controlling interest. FCF is calculated before mandatory debt repayments. Free cash flow is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating, investing or financing activities. Free cash flow may not be calculated the same for us as for other companies. Free cash flow is a supplemental liquidity measure used by our management and by external users of our financial statements, such as investors, commercial banks, research analysts and others to assess our ability to make cash distributions and repay debt.

"Cash flow cushion" is a non-GAAP financial measure that we define as free cash flow less one-time beneficial items, mandatory Opco debt repayments, preferred unit distributions and redemption of PIK units, common unit distributions and warrant cash settlements. Cash flow cushion is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating, investing or financing activities. Cash flow cushion is a supplemental liquidity measure used by our management to assess the Partnership's ability to make or raise cash distributions to our common and preferred unitholders and our general partner and repay debt or redeem preferred units.

"Return on capital employed" or "ROCE" is a non-GAAP financial measure that we define as net income (loss) operations plus financing costs (interest expense plus loss on extinguishment of debt) divided by the sum of equity excluding equity of discontinued operations, and debt. Return on capital employed should not be considered an alternative to, or more meaningful than, net income or loss, net income or loss attributable to partners, operating income or loss, cash flows from operating activities or any other measure of financial performance presented in accordance with GAAP as measures of operating performance, liquidity or ability to service debt obligations. Return on capital employed is a supplemental performance measure used by our management team that measures our profitability and efficiency with which our capital is employed. The measure provides an indication of operating performance before the impact of leverage in the capital structure.

-Financial Tables and Reconciliation of Non-GAAP Measures Follow-

Tiffany Sammis, 713-751-7515
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Planned Meetings through May also listed

HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold its regular monthly meeting on Monday, March 21, 2022. It will be conducted as a hybrid meeting and will start at 9:15 a.m. The Commissioners, executive leadership, and legal counsel will be present in the boardroom of the Port Authority Executive Office Building, located at 111 East Loop North, Houston, TX 77029.

The meeting is open to the public to attend. However, the meeting can also be accessed virtually via WebEx webinar.

The agenda and the instructions to access Port Houston public meetings are available at https://porthouston.com/leadership/public-meetings/.

Please note the following upcoming planned Port Houston public meetings (subject to change):

Sign up for public comment is available up to an hour before these meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it. or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/.

Lisa Ashley-Daniels, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Company deepens bench strength with industry veteran hires, expands technical offerings

CORVALLIS, Ore.--(BUSINESS WIRE)--Mayfield Renewables has expanded upon its core design and engineering services with the launch of new technical services for the clean energy industry, including market research, technical content production and professional training. Mayfield Renewables’ new services will be provided by the company’s newest hires: David Brearley, Justine Sanchez, Joe Schwartz and Kyle Bolger, all of whom have over 20 years of solar energy and energy storage experience. Sanchez, Schwartz, and Brearley bring technical writing and content creation expertise developed during their years at SolarPro Magazine and Home Power Magazine, in addition to Bolger’s robust solar-plus-storage training and application engineering experience.

“The depth and breadth of our industry experience is unparalleled now that we have these four stellar industry experts onboard. With our expanded team, we’re uniquely able to leverage our design firm experience and industry network to provide top-tier technical expertise for the rapidly growing solar-plus-storage industry,” said Ryan Mayfield, founder and CEO of Mayfield Renewables. “The entire Mayfield team welcomes these newest additions to our all-star lineup of passionate clean energy professionals.”

The new technical content strategy and production services provided by the company’s team of industry experts and seasoned writers include short- and long-form technical content; market research and analysis; product strategy and positioning; and videography and custom graphics. Mayfield Renewables also now offers new training opportunities through NABCEP-certified solar-plus-storage code, design and product sessions led by its respective experts. These new technical consulting, content and professional training offerings complement the company’s core system design and engineering expertise, ranging from project feasibility to complete system design and engineering.

To learn more about Mayfield Renewables and its new technical services offerings or to schedule a technical consultation at the upcoming NABCEP Continuing Education Conference (Booth 26), reach out to This email address is being protected from spambots. You need JavaScript enabled to view it..

About Mayfield Renewables

Founded in 2007, Mayfield Renewables is a technical consultancy that delivers a variety of services—including system design, specialized content and training programs—to companies in the solar and energy storage industries. Our unmatched industry expertise uniquely positions us to forge long-term partnerships across our clients’ organizations, spanning engineering, marketing, sales and support. Strategic thinking is at the core of every engagement to ensure our work stays closely aligned with clients’ business goals and generates meaningful results. Mayfield Renewables is based in Corvallis, Oregon, and partners with companies across North America. Learn more at mayfield.energy.

Christine Bennett for Mayfield Renewables
This email address is being protected from spambots. You need JavaScript enabled to view it. | +1 925.330.4783

HOUSTON--(BUSINESS WIRE)--Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that Vice President of Corporate Development and Investor Relations, Mark Peterson, and Vice President and Chief Accounting Officer, Witland LeBlanc, will meet with institutional investors at the Piper Sandler Energy Conference on Tuesday, March 22, 2022.

The conference handout will be available on the Investor Relations page of Oceaneering's website at www.oceaneering.com after market close on Monday, March 21, 2022.

Oceaneering is a global technology company delivering engineered services and products and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainments industries.

For more information on Oceaneering, please visit www.oceaneering.com.

Mark Peterson
Vice President, Corporate Development and Investor Relations
Oceaneering International, Inc.
713-329-4507
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Integrated well construction project will use differentiated drilling technologies, digital solutions and regional domain expertise to optimize customer performance

DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--Schlumberger announced today a major contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project.

The integrated project scope encompasses drilling rigs and technologies and services, including drill bits, measurement while drilling (MWD) and logging while drilling (LWD), drilling fluids, cementing, and completing wells. Schlumberger will leverage digital solutions to enhance integrated drilling performance, including the DrillOps* on-target well delivery solution which uses data analysis, learning systems and automation to execute a digital well plan, improving drilling efficiency, consistency and performance.

“This contract award represents the continuation of an ongoing collaboration with Saudi Aramco,” said Tarek Rizk, MENA president, Schlumberger. “Through our committed teams, differentiated technology, and integrated drilling and well construction services we will work closely with Saudi Aramco on well delivery and set a new performance benchmark.”

This award represents a significant endorsement of Schlumberger’s fit-for-basin technology and domain expertise for gas well development in the region.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

*Mark of Schlumberger.

Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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The Slate solar and storage project is now serving Bay Area Rapid Transit, Central Coast Community Energy, Silicon Valley Clean Energy, Stanford University and the Power and Water Resources Pooling Authority

STRATFORD, Calif.--(BUSINESS WIRE)--Goldman Sachs Renewable Power, an affiliate of Goldman Sachs Asset Management that owns more than 850 solar and storage projects across the United States (GSRP), today announced that its Slate solar and energy storage project is now in operation and serving five California-based organizations. The 390 MW solar plus 561 MWh storage project was originally developed by Recurrent Energy, a wholly owned subsidiary of Canadian Solar.

The Slate project, located in Kings County, California, is supported by power purchase agreements with five California-based organizations - Bay Area Rapid Transit (BART), Central Coast Community Energy (3CE), the Power and Water Resources Pooling Authority (PWRPA), Silicon Valley Clean Energy (SVCE) and Stanford University. The Slate project’s dispatchable solar plus storage power is essential to meeting the renewable energy procurement goals of each organization.

Jon Yoder, Head of GSRP, said, “We are thrilled that Slate is now online and serving California-based organizations. There is significant demand throughout California for solar and energy storage projects at this scale, and we look forward to continuing to invest in projects like Slate that will help facilitate the state’s transition to a carbon-free power grid. We thank our partners at Recurrent once again for delivering on this project and we look forward to operating this project for decades to come.”

To commemorate the start of the Slate project’s operation, GSRP hosted a ribbon cutting event today. Project stakeholders toured the site which will generate enough low-cost, clean energy to power approximately 126,000 California homes and displace approximately 369,310 metric tons of carbon dioxide emissions each year. The battery storage component will enable the Slate project’s customers to obtain more carbon-free energy in the evening hours and ensure grid reliability during times of peak demand.

California Energy Commission Vice Chair Siva Gunda said, “Congratulations to all the organizations and individuals across both the private sector and public sector that contributed to making this project happen, helping put Kings County at the forefront of California’s clean energy future. Meeting the state’s 100 percent clean electricity goals requires an unprecedented amount of new solar and storage resources to come online and a tremendous amount of collaboration to build the type of solutions at the scale we need.”

Kings County Supervisor Joe Neves said, “We’re proud of the way we’ve grown the solar industry in Kings County, and we’re excited to have Slate, a landmark project for our State here in our County. This project provides new revenue to the County, jobs for our workers and opportunities for our farmers in addition to providing power when needed most by consumers.”

Dr. Shawn Qu, Chairman and CEO of Canadian Solar, said, “Slate is a landmark project that will help California meet its leading renewable energy targets. We started developing Slate in 2015, and we’re proud that this project was contracted as one of the first utility-scale solar and energy storage projects in the state, thanks to the forward-thinking leadership among the projects’ customers. Recurrent’s energy storage business is now on an equal footing with our long-running solar business, and we’re pleased to demonstrate our execution capabilities on another project with our partners at GSRP.”

Over the past year, the project employed approximately 405 workers at peak construction, with 90% of the construction jobs filled by local skilled tradespeople from the Kings County area through the International Brotherhood of Electric Workers Local 100, Laborers International Union of North America 294, Iron Workers Local 155, Northern California Millwrights Local 102, Operating Engineers Local 3, Carpenters Local 1109 and the Electrical Training Center Joint Apprenticeship and Training Committee. Along with indirect economic benefits that accompany solar project development, such as increased local spending in the service and construction industries, the Slate project will also have a positive economic impact on the local community by providing significant tax revenues for Kings County.

BART Board of Directors member Mark Foley said, “With the benefit of Slate Solar as a centerpiece of its supply portfolio, BART will maintain a power supply that is 100% greenhouse gas free, while substantially increasing its share of eligible renewable electricity to over 50% of its annual need. Equally important, the contribution of Slate Solar represents a step forward in the decarbonization of California’s transportation sector, currently the highest emitting segment of the state’s economy.”

Tom Habashi, CEO of Central Coast Community Energy, said, “This is a landmark project in California’s progress to renewable energy. It will deliver tremendous value for our 400,000-plus customers on the Central Coast. We’re fortunate to have invested early in projects such as this, which combine renewable energy generation with storage. Both are essential to building a reliable, renewable grid.”

Bruce McLaughlin, General Manager and General Counsel, PWRPA, said, “The Slate Solar Project, specifically with its co-located storage, is a perfect and timely addition for PWRPA. Slate promises to provide cost-effective, dispatchable, carbon-free electricity that is essential to ensuring the reliability of PWRPA’s operations involving the cascading interdependency of three “lifeline” critical infrastructure systems: energy – water – food & agriculture.”

Girish Balachandran, Silicon Valley Clean Energy CEO, said, "This is the first, new-build renewable and energy storage project to come online for Silicon Valley Clean Energy customers, and marks the next chapter for our agency. This project meets the ambitious carbon-reduction goal set by SVCE to accelerate the building of new renewable and storage assets in order to rapidly advance our regional and statewide decarbonization goals."

GSRP is proud to add the Slate project to its multi-gigawatt portfolio of renewable energy projects across the United States.

About Goldman Sachs Asset Management and Goldman Sachs Renewable Power

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of December 31, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Goldman Sachs Asset Management invests in the full spectrum of alternatives, including private equity, growth equity, private credit, real estate and infrastructure. Established in 2017, GSRP has sponsored more than 850 solar and storage projects across 27 U.S. states that collectively have a capacity of more than 2.6 gigawatts of clean, renewable power. Follow us on LinkedIn.

Media
Ally Copple
This email address is being protected from spambots. You need JavaScript enabled to view it.
713.201.8800

The company is on track to begin shipping its SSBs produced by novel and scalable manufacturing in 2023

SAN JOSE, Calif.--(BUSINESS WIRE)--Sakuu (https://www.sakuu.com/), developer of the world’s first 3D printed solid-state battery, today announces the benchmark energy-density achievement of 800 Wh/L in its first-generation non-printed lithium metal battery. This marks a significant milestone on Sakuu’s roadmap to fully 3D printable solid-state batteries capable of greater than 1200 Wh/L by 2023. Until now, market-leading lithium-ion batteries, like those found in today’s top-selling electric vehicles, have functioned in a range of 500–700 Wh/L.

“The arrival of a safe, sustainable, and high-performance SSB, manufactured with a totally novel 3D printing method can solve critical supply chain and safety issues while moving beyond limitations of today’s lithium-ion batteries,” states Robert Bagheri, Founder and CEO of Sakuu. “We are on track to develop that ‘holy grail’ solid-state battery by 2023, and this first-generation benchmark is a validating accomplishment on the roadmap to significantly better batteries.”

Sakuu’s first-generation non-printed battery provides important achievements in the race for improved energy storage across broad industry sectors. Sakuu battery’s Wh/L capabilities have increased exponentially since development began in August of 2020, and with this latest benchmark test completed in February 2022, is more promising than leading commercially available batteries

In addition to the 800 Wh/L mark, the first-generation lithium-metal battery is demonstrating high energy retention at 97% after 200 cycles. The battery, while remaining dendrite-free, is expected to record 80% retention at 800 cycles once cycling has completed.

Moving ahead, Sakuu anticipates another substantial leap in energy density in its second-generation fully printed SSB, which will see sample cell deliveries begin in early 2023. The world’s first 3D printed battery, born from Sakuu’s Kavian™ platform, will offer rapid, mass-volume production of batteries in gigafactory settings, allowing for large-scale, low-cost manufacturing– capable of meeting global demand.

“We are creating a line of safe, customizable, low-cost and high-performance batteries, and manufacturing them in a completely transformative and sustainable manner to satisfy large-scale global demand,” concluded Bagheri.

About Sakuu

Headquartered in San Jose, California, USA, Sakuu is reinventing large-scale, sustainable battery technology and manufacturing. Sakuu’s breakthrough battery cells deliver best-in-class performance and safety in a recyclable format. Proprietary solid-state electrolyte and porous anode technology provide superior energy densities for maximum range and faster charge times. Sakuu’s solid-state batteries will be produced entirely through the transformative Kavian™ platform in custom or large factory settings, which enables rapid, 3D-printed, high-volume, low-cost, and sustainable production of Sakuu’s solid-state batteries– engineered to meet mass-market demand. Beyond energy, Sakuu’s Kavian™ 3D printing platform invites transformative active device manufacturing innovation in a host of other sectors, including aerospace and automotive, consumer electronics, IoT and medical.

To learn more about Sakuu, please visit www.sakuu.com

Pal Hollywood
Sterling Communications
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(860) 877-9670