TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX: SPB) is pleased to announce the successful closing of its previously announced bought deal equity offering of 25,670,300 common shares (“Shares”) at a price of $11.20 per Share (the “Offering Price”), for aggregate gross proceeds of approximately $288 million (the “Offering”). The Offering included 3,348,300 Shares issued pursuant to the exercise in full by the underwriters of their over-allotment option.

The Offering was sold on a bought deal basis to a syndicate of underwriters bookrun by CIBC Capital Markets, and including National Bank Financial Inc., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Desjardins Securities Inc., Canaccord Genuity Corp., Raymond James Ltd., ATB Capital Markets Inc., Cormark Securities Inc. and iA Private Wealth Inc. Brookfield, one of Superior’s largest investors, participated as an anchor investor in the Offering and purchased approximately $75 million in Shares at the Offering Price through its Special Investments program.

The Offering was made under Superior’s short form base shelf prospectus dated May 25, 2021. The terms of the Offering are described in a prospectus supplement dated March 30, 2022, which was filed with securities regulators in each of the provinces and territories of Canada.

Superior intends to use the net proceeds of the Offering to reduce existing indebtedness and for general corporate purposes, including to fund future acquisitions.

This press release is not an offer of the securities for sale in the United States. The securities may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act of 1933, as amended and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About the Corporation

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 890,000 customer locations in the U.S. and Canada.

For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).

Forward Looking Information

This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “approximately,” “anticipated,” “will,” “intends,” and similar expressions. In particular, this news release contains forward-looking statements with respect to the use of the net proceeds of the Offering.

Forward-looking information is not a guarantee of future performance. By its very nature, forward-looking information involves inherent assumptions, risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking information will not be achieved, including risks relating to the operating and financial performance of the Energy Distribution business which are described in Superior’s management’s discussion and analysis for the year ended December 31, 2021 and in Superior’s annual information form for the fiscal year ended December 31, 2021. Key assumptions or risk factors to the forward-looking information include, but are not limited to, the rate and size of future acquisitions, financial market conditions, Superior’s future debt levels, Superior’s ability to generate sufficient cash flows from operations to meet its current and future obligations, access to, and terms of, future sources of funding for Superior’s capital expenditures and acquisitions, the integration of businesses into Superior’s operations, competitive action by other companies, availability and timing of acquisition targets, actions by governmental authorities including increases in taxes and changes in environmental and other regulations, general economic, market and business conditions, accuracy of and ability to realize estimated synergies, timing to achieve synergies and the regulatory framework that governs the operations of Superior’s business and industry capacity. Should one or more of these risks and uncertainties materialize, or should assumptions described above prove incorrect, Superior’s actual performance and results in future periods may differ materially from any projections of future performance or results expressed or implied by such forward-looking information. We caution readers not to place undue reliance on this information as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking information.

Forward-looking information contained in this news release is provided for the purpose of providing information about management’s goals, plans and range of expectations for the future and may not be appropriate for other purposes. Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015

Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Toll Free: 1-866-490-PLUS (7587)

Tigo Optimizers and Energy Intelligence software with exclusive Reclaimed Energy feature to be on display at Solar Solutions International tradeshow.

MONTEVARCHI, Italy--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, today revealed that one of the Company’s solar systems in the Netherlands consistently produces 30% more energy by using Tigo MLPE Optimizers. The drastic increase in energy production was measured on a per-module basis by the Tigo EI software using the exclusive Reclaimed Energy feature. Solar installers planning to attend Solar Solutions International 2022 in Vijfhuizen are invited to meet with Tigo representatives to discuss hardware and software solutions like those used in this installation.

The 12kWp solar system was designed and installed by homeowner Hans de Git, an energy consultant at NL HDG Energie Advies. The array spans five different roof orientations on the residence in North Holland and combines Tigo TS4-A-O optimizers with a Cloud Connect Advanced (CCA) datalogger and Tigo Access Point (TAP) antennas to enable rapid shutdown, module-level visibility, and Reclaimed Energy optimization. This universal system architecture is powered by Tigo EI software and eliminates the complications of mismatches caused by varied module orientations as well as variations in module output and inverter characteristics. Over the last two years, the system has generated 5MWh of clean energy, of which 1.5MWh represented reclaimed energy provided by the Tigo TS4-A-O optimizers.

“We started using Tigo in 2012, and we have become great fans of the Tigo family of solar MLPE optimizers because they bring benefits to us as the installer and our customers,” said Mr. de Git. “When it came time to choose equipment for a new PV installation on my own house, I didn’t hesitate to choose Tigo again. Because of the specific layout of the array, I would have needed at least five MPPTs to make it work properly, which would have meant adding at least one more inverter. With the Tigo TS4 platform, I avoided the expense of additional inverters, and I can now fully exploit the double MPP tracker of my string inverter.”

“Hearing about the success of Mr. de Git is what the solar industry is all about for me,” said Jaap van Kriekingen, business development manager for Benelux at Tigo Energy. “Tigo EI software provides a clear visual readout of energy production for homeowners, allowing them to see the benefits brought by optimization over time. This level of down-to-the-hour visualization provides the peace of mind that their PV systems are performing at their very best.”

Both Jaap van Kriekingen and Mirko Bindi, Tigo VP EMEA Sales and MD Europe, respectively, will be present at the Solar Solutions International at Expo Haarlemmermeer in Vijfhuizen, the Netherlands, from April 12-14, 2022 at IBC Solar B.V. booth nr B11.1. IBC Solar, which produces tailor-made solutions ranging from small residential PV plants to major solar projects in the Benelux region, will introduce its new AeroFix G3 mounting system at the expo.

To learn more about the Tigo TS4 platform and its exclusive Reclaimed Energy feature, read the latest case study or visit www.tigoenergy.com/ts4.

About Tigo Energy

Tigo Energy, the worldwide leader in Flex MLPE (Module Level Power Electronics), designs innovative solar power conversion and storage products that provide customers more choice and flexibility. The Tigo TS4 platform increases solar production, decreases operating costs, and enhances safety. When combined with the Tigo Energy Intelligence (EI) platform, it delivers module, system, and fleet-level insights to maximize solar performance and minimize operating costs. The Tigo EI Residential Solar Solution, a flexible solar-plus-storage solution for home installations, rounds out the Company’s portfolio of solar energy technology. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy, and its global team supports customers whose systems reliably produce gigawatt-hours of safe solar energy on seven continents. Find us online at www.tigoenergy.com.

Gilberto Lembo
European Marketing Manager at Tigo Energy
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Capture hard to reach data and make it easy to aggregate, automate and analyze

AUSTIN, Texas--(BUSINESS WIRE)--Today HUVRdata, Inc. (HUVR) welcomes Luftronix, a New Jersey based industrial inspection company with an autonomous high-precision scanning solution using drones, to the HUVR Partner Network (HPN).

“We make it easy to manage complex inspection data—just like Luftronix makes it easy to conduct inspections in complex environments,” said Ben Schmul, VP product management at HUVR. “Both of our companies are in the business of transforming how industrial asset owners ensure reliability, compliance and operational excellence, so a partnership made perfect sense.”

The partnership between HUVR and Luftronix makes drone inspections even safer, faster and easier than they already were. With Luftronix’s precision navigation technology, drones can be flown in extremely tight, confined spaces at the push of a button, and high fidelity, repeatable data can be collected. Then, by seamlessly integrating the Luftronix-collected data into the HUVR IDMS platform, reports, findings and repair projects are automatically created. This seamless flow from data capture to remediation will increase the reliability and efficiency of any asset being inspected.

Drones are rapidly becoming the preferred inspection tool compared to scaffolding, rope access, and confined space entry. In fact, drones are estimated to have saved $1.1 billion in inspection costs to offshore rigs and oil refineries. As more and more companies leverage drone technology, savings—both tangible and intangible—will continue to increase. In fact, a new Barclays report estimates that over the next 5 years drones will save the oil and gas industry $50 billion. This massive growth also brings increasing complexity with both flight and data management as new assets are inspected in new ways. Fortunately, both HUVR and Luftronix have seen their customers thrive by adopting specialized drones and software to meet the ever-increasing complexities.

For the foreseeable future, it is unlikely that any piece of technology will complete 100% of an asset inspection. But new robotic inspection tools will collect data at higher fidelity than previous generations and will offer better comparative results over time given the standardization they bring. However, the data collection tools only solve a part of the challenge—it’s what to do with all the new types of data, often existing in new formats and located in new silos. To aggregate, automate and analyze the data from inspection tools—as well as from existing checklist information—companies require an inspection data management software (IDMS) platform which must either be created out of whole cloth or integrated into current systems, using valuable time and IT resources.

As a result, the availability of a holistic, easy-to-use, purpose-built platform that rolls out seamlessly, efficiently and quickly is game-changing for asset owners. They require an IDMS platform that both supports new tools and enables the integration of a variety of apps to carry out the AI-supported evaluation of the collected data.

“We are offering a solution that will inspect 100% of an asset with the push of a button, delivering localized and repeatable visual data,” said Klaus Sonnenleiter, CEO of Luftronix. “But we needed a software platform to house and analyze the data so that our customers can easily and consistently act on the findings. The HUVR IDMS platform is exactly what we were looking for.”

Since 2016, HUVRdata has transformed the way industrial equipment owners and inspection companies manage and perform inspections, enabling immediate ROI and improved production KPIs. By partnering with HUVRdata—whose platform can merge data from any source—Luftronix can inject data and insights into a customer’s HUVR system, allowing clients to more efficiently plan, manage, collect data and generate findings from drone inspections.

About Luftronix

Safe and reliable drone operations with Luftronix Fused Flow™ precision navigation technology. Luftronix inspection stations conduct autonomous visual inspections while allowing any object (aircraft; drilling rig; inside/outside of storage tank, pressure vessel, and chimney; pipe racks; and other tight and confined spaces) to be measured on-screen. Automating the inspections with Luftronix technology reduces workplace hazards and the cost of inspections - while increasing the accuracy and auditability of the results. UAVs with Luftronix enabled software can fly in GPS-denied and spoofed environments. Find more information at https://luftronix.com/

About HUVRdata

HUVRdata is the first purpose-built Inspection Data Management Software Platform. Created in the cloud, the mobile-connected HUVR Platform enables the aggregation, analysis, and automation of visual and quantitative inspection data from any device, sensor, robot, or field technician. The largest energy producers and the most specialized inspection service providers have realized immediate ROI using HUVR to plan inspections, manage work, ingest data, assess findings and generate analytical reports – from any workflow. Industrial asset owners finally have a simple and easy way to visualize infrastructure health, ensuring compliance, reliability, and operational excellence. For more information visit https://www.huvrdata.com/

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CMO
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HOUSTON--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.175 per share, or $0.70 per share on an annualized basis. This amount represents a 17 percent increase from the previous quarter and a 40 percent increase from fourth quarter 2021. The dividend is payable on June 1, 2022, to stockholders of record as of May 16, 2022.

ABOUT MURPHY OIL CORPORATION

As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. The company sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.

Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470

Dangerous Goods Shipping Solution Provider Recognized for Outstanding Support of GM’s Purchasing and Supply Chain Organization

CHICAGO--(BUSINESS WIRE)--#DangerousGoods--Labelmaster, the leading provider of labels, packaging and technology for the safe and compliant transport of dangerous goods (DG) and hazardous materials (hazmat), today announced that it has been recognized by General Motors (GM) as an Overdrive Award winner as part of GM's 30^th annual Supplier of the Year awards. Labelmaster was one of only 31 companies to earn an Overdrive Award for 2021.

First presented in 2012, the Overdrive Award is a distinction reserved for suppliers who display outstanding achievement across the Global Purchasing and Supply Chain organization’s key priorities. These include sustainability, innovation, relationships, total enterprise cost, launch excellence and safety.

“We are honored to be recognized for our efforts to support General Motors’ global supply chain,” said Alan Schoen, president, Labelmaster. “Labelmaster is committed to providing the automotive industry with deep, global regulatory expertise, technology solutions and end-to-end management services for safely and compliantly transporting large format batteries and other dangerous goods.”

“This year’s Supplier of the Year event was special not only because it’s the 30^th anniversary of the program, but because it provided us with the opportunity to recognize our suppliers for persevering through one of the most challenging years the industry has ever faced,” said Shilpan Amin, GM vice president, Global Purchasing and Supply Chain. “These top suppliers showed resilience and reinforced their commitment to pursuing sustainability and innovation. Through our strong relationships and collaboration, GM and our suppliers are poised to build a brighter future for generations to come.”

A global cross functional team selected the 2021 Supplier of the Year and Overdrive Award winners based on performance criteria in Product Purchasing, Global Purchasing and Manufacturing Services, Customer Care and Aftersales and Logistics.

About Labelmaster

For more than five decades, Labelmaster has been the go-to source for companies – big and small – to navigate and comply with the complex, ever-changing regulations that govern the transport of dangerous goods and hazardous materials. From hazmat labels and UN-certified packaging, hazmat placards and regulatory publications, to advanced technology and regulatory training, Labelmaster’s comprehensive offering of industry-leading software, products, and services helps customers remain compliant with all dangerous goods regulations, mitigate risk and maintain smooth, safe operations. Labelmaster's dedication to supporting its customers' operational and compliance needs is enhanced through its unmatched industry expertise and consulting services, which serve as a valuable resource for customers to answer difficult and commonplace regulatory questions. Whether you're shipping hazardous materials by land, air, or sea, Labelmaster is your partner in keeping your business ahead of regulations and compliant every step of the way. To learn more, visit www.labelmaster.com.

About General Motors

General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.

Stephen Dye
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Holistic energy solutions will significantly increase energy efficiency, reduce carbon emissions, and increase comfort of military families on Hickam Air Force Base

FRAMINGHAM, Mass. & HONOLULU--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced a partnership with Hickam Communities LLC (HC), owned and managed by Lendlease, at Joint Base Pearl Harbor-Hickam (JBPHH) Air Force Base in Hawaii for a $102 million energy conservation project and accompanying 25-year O&M service agreement to assure the performance and savings. The project, which brings in additional private capital without the need of congressional appropriations, will provide holistic energy solutions to modernize over 2,500 privatized military housing units, and is expected to generate $13 million in annual cost savings that would be used to pay for the improvements, financing costs, and operations and maintenance services over the 25-year performance period. This project further demonstrates the success of the Military Housing Privatization Initiative (MHPI).

“We are very pleased to be partnering with Ameresco on this important sustainability initiative to modernize our 2,500 homes at Hickam Communities,” said Carolyn Tregarthen, Managing Director for Lendlease Communities. “Making HVAC systems more energy-efficient, installing smart home energy thermostats, enhancing water systems, and implementing LED lighting are just a few examples of how we’re working closely with Ameresco to make our military housing communities more environmentally resilient in order to provide improved health and quality of life for our residents.”

Ameresco and Lendlease established a joint venture in 2015 known as Energy Solutions and Security, LLC. This is the second project for the joint venture to focus on clean energy, energy security and resiliency at privatized military housing communities. A similar energy security and modernization project is nearing the completion of construction at Island Palm Communities, a partnership between Lendlease and the U.S. Army across privatized housing on Oahu, also in Hawaii.

At Hickam Communities, Ameresco will implement significant efficiency upgrades to improve the energy performance of the homes and enhance the comfort of the military families and personnel occupying them. The project is designed to decrease HC’s grid-tied consumption by 30% over the 25-year term of the project performance period. Ameresco is replacing the community’s existing HVAC systems with new, high-efficiency water source heat pump systems and deploying smart home energy thermostats developed in concert with HC to reduce energy waste in an intelligent way that balances comfort and savings. To better control water use and wastewater cost Ameresco is retrofitting water fixture devices, providing irrigation system enhancements, and installing a web-enabled smart irrigation control system. The project scope also includes the installation of high-efficiency LED streetlights and interior lighting.

“We’re looking forward to implementing a wide variety of modernized upgrades across the homes at Hickam Communities. This comprehensive project will deliver immediate and long-term value for the area, prioritizing resident satisfaction and comfort throughout the process,” said Nicole Bulgarino, Executive Vice President and General Manager of Federal Solutions at Ameresco.

Construction on the project is expected to be completed early in 2025. Each proposed measure is designed to meet the sustainability and energy objectives of Hickam Communities and the United States Air Force.

About Lendlease

Lendlease is a leading global real estate and investment group with operations in Australia, Asia, Europe and the Americas. Our purpose is to create value through places where communities thrive. Headquartered in Sydney, Australia, and listed on the Australian Securities Exchange, Lendlease has approximately 8,200 employees internationally. Our core capabilities are reflected in our operating segments of Development, Construction and Investments. The combination of these three segments provides us with a sustainable competitive advantage and allows us to provide innovative integrated solutions for our customers. In the US, Lendlease’s Communities business is one of the nation’s leaders in public/private community development. We manage one of the largest military housing portfolios in the US and are the Army's exclusive partner for lodging. With a focus on creating sustainable value, Lendlease creates communities that regenerate our environment, enrich people’s lives and foster economic growth. Lendlease has worked extensively with the Department of Defense through the Military Housing Privatization Initiative (MHPI), a program that provides for the transfer of military housing assets to private sector companies. With over 40,000 residential units, 192 apartments and more than 13,000 hotel rooms in its portfolio, Lendlease will finance, develop, build, renovate and operate these sites for at least 50 years. www.lendlease.com

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent clean technology integrator of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and Europe. For more information, visit www.ameresco.com.

The announcement of a customer’s entry into a contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total backlog. This project was included in our previously reported awarded project backlog in development as of December 31, 2021.

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Lendlease: Britni Ackrivo, 484-504-9920, This email address is being protected from spambots. You need JavaScript enabled to view it.

OMAHA, Neb.--(BUSINESS WIRE)--Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today announced a new segment reporting structure that reflects realignment of internal management and reporting.

Effective for the first quarter 2022 reporting period, Valmont is realigning its previous four reporting segments to report results in two segments:

■ Infrastructure includes the previous segments of Utility Support Structures, Engineered Support Structures, and Coatings

■ Agriculture is a renaming of the previous Irrigation segment

"We are experiencing a transformative time in Valmont’s history and as part of this journey, our goal is to institute a culture of positive change that will foster collaboration, encourage enterprise-wide innovation, and leverage technology to advance our productivity," said Stephen G. Kaniewski, President and Chief Executive Officer. "With this new alignment that reflects how I manage the business, Valmont remains committed to our tagline: Conserving Resources. Improving Life.^® This organizational structure allows us to elevate our focus on capital allocation, technology development, and market growth strategies across the leadership teams. Additionally, by simplifying our company structure we can more effectively articulate our strategy and purpose as a company across our key stakeholder groups, including employees, investors, and customers."

Kaniewski continued, "With an increasing convergence of key market drivers, the Infrastructure realignment allows us to better collaborate across product lines, generating greater customer focus as we create innovative smart infrastructure across the portfolio to bring to the market. I believe this will enable us to maximize profitability for the larger segment as we execute our strategies more efficiently across multiple product lines. Agriculture is a more subtle shift, recognizing our growing focus on more than just irrigation as we begin to expand our technology solutions globally beyond only irrigated acres."

Within the Infrastructure segment, the Company will report revenue for five product lines: Transmission, Distribution and Substation, Renewable Energy, Lighting and Transportation, Telecommunication, and Coatings. The Agriculture segment will continue reporting product line revenue for North America Irrigation and International Irrigation and will begin reporting Agricultural Technology revenue. In parallel with the segment realignment, we are centralizing operations of our manufacturing footprint on a global basis across both segments to focus on improving productivity, increasing output, and driving efficient capital allocation.

The company will file a current report on Form 8-K on or about April 6, 2022 with a recast of comparable prior year segment financial information for 2020 and 2021 affected by the change, along with a summary presentation on the Investors page at valmont.com. The Company's historical GAAP balance sheet, income statement, and cash flows are not affected.

About Valmont Industries, Inc.

For over 75 years, Valmont^® has been a global leader in creating vital infrastructure and advancing agricultural productivity. Today, we remain committed to doing more with less by innovating through technology. Learn more about how we’re Conserving Resources. Improving Life.^® at valmont.com.

Concerning Forward-Looking Statements

This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that management has made in light of experience in the industries in which Valmont operates, as well as management’s perceptions of historical trends, current conditions, expected future developments and other factors believed to be appropriate under the circumstances. As you read and consider this release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (some of which are beyond Valmont’s control) and assumptions. Although management believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Valmont’s actual financial results and cause them to differ materially from those anticipated in the forward-looking statements. These factors include among other things, the continuing and developing effects of COVID-19 including the effects of the outbreak on the general economy and the specific economic effects on the Company’s business and that of its customers and suppliers, risk factors described from time to time in Valmont’s reports to the Securities and Exchange Commission, as well as future economic and market circumstances, industry conditions, company performance and financial results, operating efficiencies, availability and price of raw material, availability and market acceptance of new products, product pricing, domestic and international competitive environments, and actions and policy changes of domestic and foreign governments. The Company cautions that any forward-looking statement included in this press release is made as of the date of this press release and the Company does not undertake to update any forward-looking statement.

Renee Campbell
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PHILADELPHIA--(BUSINESS WIRE)--Doral Renewables LLC (dba Doral LLC), a leading developer and operator of clean energy generation assets, welcomes Tyrone H. Thomas, Jr. as General Counsel.

Tyrone has broad strategic and transactional experience within the renewable energy industry, having most recently served as both Head of Legal at Plus Power, and Vice President and Deputy General Counsel at Invenergy. Throughout his career, Tyrone has led diverse teams of professionals in connection with the development, construction, financing and/or divestiture of dozens of utility-scale energy facilities with a total value of over $7 billion. He also has significant expertise managing governance and operational risk. Mr. Thomas earned a BS in Urban Studies from Hunter College and a JD from the University of Illinois College of Law. Mr. Thomas will oversee all legal and related activities of the firm.

Nick Cohen, President & CEO, Doral LLC: "Energy development, construction and operating is one of the most dynamic businesses. Tyrone has seen practically everything from early-stage development through operations. His knowledge about complex transactions combined with his strategic leadership will help assure Doral as an Industry leader. "

About Doral

Doral LLC was founded in 2019 as a joint venture between Doral Group and Clean Air Generation. Doral LLC currently has approximately 6 gigawatts of projects under development and over 40,000 acres of land control in the U.S. The management team of Doral LLC includes experienced multidisciplinary individuals who worked together for many years in the renewables industry in the US.

Doral Group is a publicly-traded company on the Tel Aviv Stock Exchange in Israel (DORL) and is a global renewable energy leader, holding hundreds of long-term revenue-generating renewable energy assets. Doral Group is active, inter alia, in Israel, Europe, and the United States. Doral Group is also emerging as a worldwide leader in the field of solar + storage solutions, following its win of Israel’s biggest solar + storage tenders to build approximately 750MW(dc) + 1,400MWh of storage facilities in Israel.

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Bloom Energy’s first international electrolyzer deployment showcases pathways to produce clean, low-cost hydrogen at scale to unlock South Korea’s net-zero future

SAN JOSE, Calif.--(BUSINESS WIRE)--$BE #hydrogen--Bloom Energy (NYSE: BE) today announced the first international deployment of its high temperature solid oxide electrolyzer. The successful 130 kilowatt (kW) installation in Gumi, South Korea, further propels Bloom Energy’s efforts to enable a hydrogen-fueled economy following the commercial launch of the Bloom Electrolyzer in 2021.

Bloom’s high-temperature electrolyzer is operating at its designed high efficiency, producing hydrogen onsite more efficiently than low-temperature PEM and alkaline electrolyzers. Because it operates at high temperatures, the Bloom Electrolyzer requires less energy to split water molecules and produce hydrogen. As electricity accounts for up to 80 percent of the cost of hydrogen from electrolysis, using less electricity increases the economics of hydrogen production and helps bolster adoption.

Fully operational at the Bloom SK Fuel Cell center in South Korea since January 2022, this new demonstration is testing electrolysis efficiency using water as an input in intermittency mode. The Bloom Electrolyzer is effectively and efficiently operating in daily cycles, demonstrating its ability to pair with intermittent renewables, such as solar and wind.

In production, the Bloom Electrolyzer is expected to operate at 46 kilowatt hours (kW-hr) per kilogram of hydrogen (kg H2) output with water as its input. When steam is used, the electrolyzer requires even less electricity, expected to operate at 40.4 kW-hr/kg H2, driving further efficiencies.

“The successful deployment of our electrolyzer internationally is a testament to the confidence it has garnered to create viable pathways to achieving a net-zero, hydrogen-fueled future,” said Deia Bayoumi, vice president, global product management, Bloom Energy. “This marks a critical step in our mission to transform the global energy landscape and enable the hydrogen economy.”

The project aligns with South Korea’s efforts to decarbonize its energy system and become a global leader in the hydrogen economy in the coming decades. Investing heavily in new technologies and infrastructure to spur the production and adoption of the carbon-neutral fuel, South Korea aims to replace fossil fuels with hydrogen as its chief power source by 2050, according to the Ministry of Trade, Industry, and Energy. With the capacity to scale hydrogen production rapidly, Bloom Energy and SK ecoplant are well-suited to drive South Korea’s energy transition forward.

“A significant milestone in our successful partnership with Bloom Energy, this latest collaboration is a testament to our shared vision to transform South Korea’s energy landscape and unlock new value through innovation,” said Seoung-hwan Oh, vice president, hydrogen business, SK ecoplant. “Bloom Energy’s technology has demonstrated unparalleled performance and efficiency, further establishing us at the forefront of South Korea’s clean energy market.”

Highly flexible, the Bloom Electrolyzer offers unique advantages for deployment across a broad variety of hydrogen applications, using multiple energy sources including intermittent renewable energy and excess heat. Its modular design also makes it ideal for applications across gas, utilities, nuclear, wind, solar, ammonia and heavy industries.

For more information about the Bloom Electrolyzer and the company’s commitment to a zero-carbon future, visit: www.bloomenergy.com/bloomelectrolyzer.

About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, expectations to enable a hydrogen-fueled economy following the commercial launch of the Bloom Electrolyzer in 2021; and Bloom’s ability to drive South Korea’s energy transition forward. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors including, but not limited to, the risks related the ability of the existing partnership to fortify the companies market leadership in power generation and to establish market leadership in the hydrogen economy; timing and development of an ecosystem for the hydrogen market, including in the South Korean market; continued incentives in the South Korean market; the timing and pace of adoption of hydrogen for stationary power; the risk of manufacturing defects; the accuracy of Bloom’s estimates regarding the useful life of its Energy Servers; delays in the development and introduction of new products or updates to existing products; Bloom’s ability to secure partners in order to commercialize its electrolyzer and carbon capture products; the impact of the COVID-19 pandemic on the global economy and its potential impact on Bloom’s business; the availability of rebates, tax credits and other tax benefits; changes in the regulatory landscape; Bloom’s reliance on tax equity financing arrangements; Bloom’s reliance upon a limited number of customers; Bloom’s lengthy sales and installation cycle, construction, utility interconnection and other delays and cost overruns related to the installation of its Energy Servers; business and economic conditions and growth trends in commercial and industrial energy markets; global economic conditions and uncertainties in the geopolitical environment; overall electricity generation market; Bloom’s ability to protect its intellectual property; and other risks and uncertainties detailed in Bloom’s SEC filings from time to time. More information on potential factors that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

Bloom Energy Investor Relations:
Ed Vallejo
+1 267.370.9717
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Bloom Energy Media Contact:
Jennifer Duffourg
+1 480.341.5464
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WASHINGTON--(BUSINESS WIRE)--SCHOTT is advancing innovations in specialty glass that promote a more sustainable future and is well on its way to achieving climate neutrality by 2030.

As part of the UN’s International Year of Glass, Dr. Matthias Müller, Executive Vice President R&D and New Ventures at SCHOTT, addressed the National Day of Glass Conference in Washington, D.C. on how innovative glass components promote new, clean energy sources and help fight climate change.

Amid rising prices and supply imbalances, sustainable utilities have become an increasingly important global issue. Out of its R&D lab in Duryea, Pennsylvania, SCHOTT is addressing this need by developing advanced laser glass—a core component in replicating the sun’s nuclear fusion here on Earth to provide affordable, safe, clean, and carbon-free energy.

In addition to providing laser glass for the National Ignition Facility (NIF) at the Lawrence Livermore National Laboratories (LLNL), the company is also advancing the development of laser glasses for new systems like the one currently being designed at the Laboratory for Laser Energetics (LLE) at the University of Rochester. This will likely be the next institution to build a large laser system, which will use SCHOTT glass to accelerate fusion energy innovations in line with the White House’s vision for commercial fusion energy.

“This conference brings together some of the leading minds across government and industry to address societal challenges, and SCHOTT has the experience and reach across a range of sectors to set new industry standards,” Dr. Müller said. “Specialty glass has the power to support new energy solutions that are more sustainable, and we have just scratched the surface of what is possible.”

SCHOTT has also taken on ambitious projects like developing a technology to heat energy-intensive tanks without using fossil fuels and using its glass-ceramic powder in solid-state ion conductors, a next generation of high-performance batteries that will extend the range of electric cars by 30% and reduce charging time by half.

Developing new applications is how this leading specialty glass company shares its passion for glass and contributes to science and technology. The experts at SCHOTT have a long history of creating innovative products like ultra-thin flexible glass, glass-ceramics, pharmaceutical glass solutions, and optical glass.

SCHOTT is very pleased to bring the international community together to celebrate the contributions of glass to society. The National Day of Glass is among three International Year of Glass events SCHOTT is sponsoring, including the UN IYOG Opening Ceremony in Geneva, Switzerland, which took place in February and the 26th International Congress on Glass in Berlin, Germany from July 3-8.

Pioneering - responsibly - together.

These attributes characterize SCHOTT as a manufacturer of high-tech materials based on specialty glass. Founder Otto Schott is considered its inventor and became the pioneer of an entire industry. Always opening up new markets and applications with a pioneering spirit and passion – this is what has driven the #glasslovers at SCHOTT for more than 130 years. Represented in 34 countries, the company is a highly skilled partner for high-tech industries: Healthcare, Home Appliances & Living, Consumer Electronics, Semiconductors & Datacom, Optics, Industry & Energy, Automotive, Astronomy & Aerospace. In the fiscal year 2021, its 17,300 employees generated sales of 2.5 billion euros (US$ 3.0 billion). SCHOTT AG is owned by the Carl Zeiss Foundation, one of the oldest foundations in Germany. It uses the Group's dividends to promote science. As a foundation company, SCHOTT has anchored responsibility for employees, society and the environment deeply in its DNA. The goal is to become a climate-neutral company by 2030.

Media:
Rina Della Vecchia
SCHOTT North America
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Neda Jaafari
SCHOTT AG
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Matt McLoughlin
Gregory FCA
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent“ or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce the signing of a technology assessment, sales, and development agreement with Hyundai Motor Company (“Hyundai”), a leading multinational automotive manufacturer offering a range of world-class vehicles and mobility services in over 200 countries.

Advent and Hyundai aim to deliver green energy solutions to current high carbon applications, using fuel cell technology. Under the agreement, Hyundai will provide catalysts to Advent for evaluation in its proprietary Membrane Electrode Assemblies (“MEAs”), while Advent intends to support Hyundai in fulfilling its fuel cell project needs, through:

• Developing inks and structures using IFAT catalysts, which will then be evaluated by IFAT. Following evaluation, Hyundai will determine whether IFAT or standard catalysts will be used for this project.
• Supplying MEAs throughout the development/commercialization cycle (“Advent MEAs”) for testing, evaluation, and optimization under conditions set by Hyundai.
• Assisting Hyundai with the use and specifications of MEAs as well as their implementation into Hyundai’s designs.

Following the completion of the first phase of the project, the companies will collaborate closely to set out specific product requirements, collaborative product goals, as well as milestones for achieving established goals and plans for phase 2, which shall also include Advent’s stack cooling technology.

The new Advent MEAs to be tested by Hyundai are currently being developed within the framework of L’Innovator, Advent’s joint development program with the U.S. Department of Energy’s Los Alamos National Laboratory, Brookhaven National Laboratory, and National Renewable Energy Laboratory. MEAs are the most important components of a fuel cell as they greatly define the performance, lifetime, weight, and cost of the end system.

Advent MEAs operate at a high temperature (80^oC to 240^oC) compared to the incumbent low temperature PEM technology, which is restricted to an operating temperature of below 100^oC. The ability to operate at a high temperature confers significant advantages such as the efficient heat removal in heavy-duty mobility applications, making Advent’s high temperature PEM an ideal technology for trucks, aviation, and marine applications. Advent’s MEAs can operate effectively with fuels such as impure hydrogen which can be reformed on-board from methanol, natural gas, and other renewable fuels. Advent’s MEAs are also resilient to extreme temperature variations, humidity, and air quality conditions.

Dr. Emory De Castro, Advent’s Chief Technology Officer, stated, “We are excited and proud to join forces with Hyundai, aiming to greatly contribute to their mission and to jointly participate in the pivotal role to transition global society to clean energy, therefore making hydrogen an economically viable energy source. MEAs form the heart of the fuel cell and they are also a critical component for other electrochemistry applications, such as CO2-free hydrogen production, and, energy storage. We hope our proprietary MEAs will best serve Hyundai’s business needs and look forward to a long and highly successful collaboration, sharing our long-standing expertise to support Hyundai in bringing its future mobility strategy to life.”

About Advent Technologies Holdings, Inc.

Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems, and the critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 100 patents issued for its fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible “Any Fuel. Anywhere.” option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.

Cautionary Note Regarding Forward-Looking Statements

This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 20, 2021, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.

Advent Technologies Holdings, Inc.
Elisabeth Maragoula / Chris Kaskavelis
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ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR) will be releasing its first quarter 2022 financial results on Tuesday, April 26, 2022, after the market closes in a news release to be posted to the Investors’ section of the company’s website at www.avangrid.com/wps/portal/avangrid/Investors. The company will issue an advisory news release over Business Wire the evening of April 26^th, which will include a link to the financial results news release on the company’s website.

In conjunction with the earnings release, AVANGRID will conduct a webcast conference call with financial analysts on Wednesday, April 27, 2022 beginning at 10:00 A.M. ET. AVANGRID’s Executive team will present an overview of the financial results followed by a question and answer session.

Interested parties, including analysts, investors and the media, may listen to a live audio-only webcast by accessing a link located in the Investors’ section of AVANGRID’s website at www.avangrid.com/wps/portal/avangrid/Investors.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.

Analysts: Alvaro Ortega 207-629-7412
Media: Zsoka McDonald 203-997-6892

HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (“NextDecade”) (NASDAQ: NEXT) announced today the execution of a 20-year sale and purchase agreement (“SPA”) with ENN LNG (Singapore) Pte Ltd (“ENN LNG”), a wholly-owned subsidiary of ENN Natural Gas Co., Ltd. (“ENN”) for the supply of liquefied natural gas (“LNG”) from NextDecade’s Rio Grande LNG export project (“RGLNG”) in Brownsville, Texas.

Under the SPA, ENN LNG will purchase 1.5 million metric tonnes per annum (MTPA) of LNG indexed to Henry Hub on a free-on-board basis. The LNG supply will be from the first two trains at RGLNG with the first train expected to start commercial operations as early as 2026.

“We are pleased to announce this long-term LNG SPA with ENN, a premier Chinese energy company. As one of China’s largest private companies, ENN is a major participant in China’s energy market, and we look forward to a successful, long-term relationship with ENN,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “This SPA underscores the strength of NextDecade’s differentiated offering. The commercial momentum at RGLNG is accelerating and we believe the company is well placed to benefit from the strengthening LNG market.”

Zheng Hongtao, President of ENN Natural Gas Co., Ltd said, “This agreement secures additional volume for our LNG portfolio and helps ensure we can meet the growing demand for secure, flexible, and cleaner energy for our customers in the future. The signing of this SPA reflects ENN’s goal of promoting the global energy transition and is of significance given RGLNG’s low GHG emissions profile relative to other LNG supply sources. We look forward to working with NextDecade in the years to come.”

Assuming the achievement of further LNG contracting and financing, NextDecade anticipates making a positive final investment decision (“FID”) on a minimum of two trains of the Rio Grande LNG export project in the second half of 2022, with FIDs of its remaining three trains to follow thereafter.

About NextDecade Corporation

NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO₂ emissions at their industrial-scale facilities. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.

About ENN Natural Gas

As one of the largest private energy companies in China, ENN Natural Gas Co., Ltd. (Stock code 600803.SH) operates over 250 city gas projects nationwide, has annual LNG distribution capacity over 10 bcm, and runs the first large-scale private LNG terminal in China -- Zhoushan LNG Terminal. Its business layout covers the entire natural gas value chain, including distribution, trading, storage and transportation, production, and engineering. Relying on industry best practice, ENN Natural Gas Co., Ltd. has built an intelligent operation platform for the natural gas industry – GreatGas.cn. It accelerates the aggregation of demand, resources, reserves, and delivery ecology of the natural gas industry, innovates and develops digital intelligence services, and promotes the digital intelligence upgrade of the natural gas industry. In 2021, ENN Natural Gas Co., Ltd.’s total natural gas sales volume was 37.2 bcm, accounting for approximately 10% of China’s total natural gas consumption.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design,” “assume,” “budget,” “guidance,” and “forecast” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include NextDecade’s progress in the development of its LNG liquefaction and export projects and the timing of that progress; the timing of achieving a final investment decision on the Rio Grande LNG terminal (the “Terminal”); reliance on third-party contractors to successfully complete the Terminal and the pipeline to supply gas to the Terminal; ability to secure additional debt and equity financing in the future to complete the Terminal on commercially acceptable terms; accuracy of estimated costs for the Terminal; ability to achieve operational characteristics of the Terminal, when completed, including liquefaction capacities, and any differences in such operational characteristics from expectations; development risks, operational hazards and regulatory approvals applicable to NextDecade's development, construction and operation activities and those of its third-party contractors and counterparties; technological innovation which may lessen NextDecade's anticipated competitive advantage or demand for its offerings; global demand for and price of LNG; availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industries, including environmental laws and regulations that impose significant compliance costs and liabilities; global pandemics, including the 2019 novel coronavirus pandemic, the Russia-Ukraine conflict, other sources of volatility in the energy markets and their impact on NextDecade's business and operating results, including any disruptions in its operations or development of the Terminal and the health and safety of its employees, and on its customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade's ability to maintain the listing of our securities on the Nasdaq Capital Market or another securities exchange or quotation medium; changes adversely affecting the businesses in which NextDecade is engaged; management of growth; general economic conditions; ability to generate cash; and the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.

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Sol-REIT continues to expand its financing portfolio while indirectly providing community benefit to New Jersey public schools with over 70 percent savings in energy costs, using the first-of-its-kind solar mortgage REIT model.

MIAMI--(BUSINESS WIRE)--#cleanenergyfinance--Sol-REIT, the first and only firm seeking to bring mortgage REITs (real estate investment trust) to the renewable energy market, is funding a portfolio of projects that provides three school districts in New Jersey communities with clean, renewable energy at a savings of up to 72 percent compared to the state’s average energy costs.

Sol-REIT’s $9 million refinance loan to DIASASP Holdings, the developer of solar systems at Delsea Regional, Middletown Township and Plainfield school districts in New Jersey, will support continued renewable low-cost power generation for the districts under their power purchase agreements.

“It is critical that the benefits of clean, renewable solar energy are accessible to everyone,” said Tom Gleckner, project manager for DIASASP Holdings. “DIASASP is excited to provide significant power savings to these school districts, which also will benefit their entire communities and fund student needs in the future.”

The projects generate an accumulation of 7.4 megawatts of solar power from a total of 21,467 solar panels covering 25 different installations. Nearly 75 percent of the systems are roof-mounted, except for ground-mounted systems in the Delsea School District.

“This is another example of what Sol-REIT can do for the municipality, utility, school and hospital sectors,” said Mark Settles, CEO of Sol-REIT. “We are primed to handle a variety of projects focused on clean, renewable energy that provide developers working capital and cash flow to get these projects to COD and beyond. We are active with a successful REIT in the marketplace and we’re deploying capital.”

The projects will enable the school districts to reduce energy costs to as low as 3.83 cents per kilowatt hour, compared to New Jersey’s average statewide rates of 13.63 kWh.

The project will potentially generate enough clean electricity to power more than 875 homes a year, based on the average U.S. home use of 11 megawatts per year, while eliminating more than 4,000 metric tons of carbon dioxide per year. The environmental savings are equivalent to taking 882 gasoline-powered passenger vehicles driving more than 10 million miles off the road for a year or planting nearly 70,000 trees over a 10-year period.

“The savings of our installations is democratizing access to clean, renewable energy for municipalities, utilities, schools and hospitals by making the benefits of solar available to everyone,” said Settles.

About DIASASP Holdings

DIASASP Holdings, LLC is a management company for a portfolio of solar generation assets. DIASASP Holdings develops solar projects for municipalities, utilities, schools and hospitals. The company is dedicated to providing low-cost solar to traditionally underserved communities. The company operates in solar industry verticals that involve storage paired with solar, and large utility-scale solar development partnerships with other developers and investors.

About Sol-REIT:

Sol-REIT revolutionizes clean energy financing by providing innovative construction-to-permanent loans for middle-market solar developments across North America. This segment is remarkably underserved in today’s renewable energy market. Led by a team of industry experts experienced in solar development, real estate lending, REITs, and fixed income, Sol-REIT is the first investment vehicle to bring mortgage REITs to the renewables market. In the process, Sol-REIT strives to play an important role in reducing the global carbon footprint. By financing solar similar to real estate, Sol-REIT offers flexible financing for solar projects that matches the asset’s operational life while empowering solar developer entrepreneurs to become long-term owners of their own projects. Sol-REIT is currently financing individual solar projects with an average loan size of $5 million to $50 million. For more information, visit https://www.sol-reit.com

Plainfield Public School District

The Plainfield Public School District was established in 1857 and is a public school district that serves students in pre-kindergarten through 12th grade located in Union County, New Jersey. The district serves an ethnically diverse and growing population of more than 8,000 students. The district has one K-8 school, eight elementary schools, two middle schools, one comprehensive high school, one performing arts high school, one credit recovery program and 14 early childhood centers.

Delsea Regional School District

Delsea Regional School District is a regional public high school district serving students in seventh through 12th grades from two constituent communities in New Jersey. Established in 1960, the district comprises two schools with total enrollment of 1,655 students and 125 teachers for a student-teacher ratio of 13.2:1. The district office is in Franklinville, NJ. The district serves a collaborative learning community that is passionately committed to educating all students.

Middletown Township Public School District

The Middletown Township Public School District is a highly rated comprehensive community public school district that serves students from pre-kindergarten through 12^th grade in Monmouth County, New Jersey. The district is comprised of 17 schools with a total enrollment of more than 9,500 students.

Media Contact:
Sid Robinson, APR
Sol-REIT / (909) 227-9589
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New Funding for Continuous Emissions Monitoring to Meet Growing Demand from Upstream Oil & Gas Producers

DALLAS & LONGMONT, Colo.--(BUSINESS WIRE)--Earthview Corporation, developer of the BluBird™ continuous methane monitoring platform, today announced it had secured preferred funding to advance the company’s growth plan and meet growing demand for its continuous methane monitoring solution.

The financing was led by Dallas-based Green Park & Golf Ventures, a leader in technology and scientific investments.

"We are enthusiastic about backing Earthview and supporting their mission to help bring cleaner fuels to the market,” said JR Garcia with Green Park & Golf Ventures. “Their breakthrough BluBird continuous emissions monitoring platform allows upstream and midstream operators the most cost-effective solution for tracking fugitive methane emissions, giving them real-time data on leak size, location, and composition.”

Earthview’s BluBird continuous methane monitoring platform provides energy producers concise emissions data and quantification, including actionable updates via a real-time dashboard. The BluBird platform includes groundbreaking features that help operators produce the cleanest hydrocarbons, improve the efficiency of leak detection and repair teams and visualize emissions at each monitored facility virtually, from anywhere in the world.

“We are thrilled to bring this exciting new technology to operators focused on reducing methane emissions and achieving their environmental performance objectives,” said Bear Givhan, Earthview CEO and Co-Founder. “This funding gives us the financial resources we need to meet growing demand for BluBird, which gives operators the actionable insights they need at a price point that allows implementation at every facility.”

About Green Park & Golf Ventures

GPG Ventures is an early-stage investment firm focused primarily in healthcare with ability to invest in other industries and across stages. GPG is headquartered in Texas, with offices in Dallas and Houston and portfolio companies across the US. More information is available on the firm’s website at gpgventures.com.

About Earthview

Earthview is your partner on the journey to net zero. Our affordable precision air quality monitoring solutions provide the highest return on investment on emissions detection. BluBird sensors are operating reliably in multiple oil and gas producing regions for leading operators in Colorado, the Permian Basin, the Barnett Shale and the Appalachian Basin.

We deliver actionable results at a fraction of the price of competing offerings. More information is available on our website at Earthview.io.

Earthview Corporation
Frederick “Bear” Givhan
CEO and Co-Founder
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T: (303) 438-8574

Green Park & Golf Ventures
JR Garcia
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MESA, Ariz.--(BUSINESS WIRE)--Atwell, LLC is pleased to promote Brian Tretbar, PE to Project Manager in our real estate and land development division in the Western Region. Based in Atwell’s Mesa, Arizona office, Brian will be responsible for managing project teams, monitoring project coordination and execution, and maintaining and developing client relationships across the real estate and land development market.

Brian Tretbar’s career spans more than 25 years, with 13 years in land development and 12 years in solar power plant development, where he has been primarily focused on the management of civil design teams, mostly in Arizona, but also around the US and the world. His experience includes all aspects of site selection, entitlement, design, plan production management and construction activity related to the delivery of well over 2000 finished lots in Arizona and almost two gigawatts of solar power production in the US. Prior to joining Atwell, Brian was a Civil Engineering Manager where he managed all civil projects in the US for the company, which consisted of the design and plan production for grading and drainage, paving, water and sewer, structural foundations, signing and striping and SWPPP. Brian earned his Bachelor of Science degree in Civil Engineering from Northern Arizona University in Flagstaff, Arizona and is a registered Professional Engineer in the state of Arizona.

“Brian’s diverse project portfolio ranging from residential and commercial development, wet utilities design, and development of large scale solar power plants coupled with his background in engineering, management, and development will bring a unique technical and business acumen to the Atwell team,” said Atwell Vice President Mark Borushko.

Atwell, LLC is a national consulting, engineering, and construction services firm with technical professionals located across the country. Creating innovative solutions for clients in industries such as real estate and land development, power and energy, and oil and gas, Atwell provides comprehensive turnkey services including land and right-of-way support, planning, landscape architecture, engineering, land surveying, environmental compliance and permitting, and project and program management.

Timothy Augustine, Senior Vice President
ATWELL, LLC
248.447.2005
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DUBLIN--(BUSINESS WIRE)--The "Green Data Center Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The Global Green Data Center Market Report Provides the Latest Analysis of Market Share, Growth Drivers, Challenges, And Investment Opportunities.

The global green data center market is witnessing intense competition among global data center service providers as well as local companies. The market is witnessing investments from cloud services operators and telecom operators.

Data center operators operating in the North American and European regions are likely to have more efficient and effective infrastructure as compared to operators operating in the MEA and APAC regions.

What makes a data center "Green"?

• Usage of renewable energy such as wind, hydropower, solar as the primary source of power
• Buildings with lower PUE and carbon emissions
• Minimal wastage and provision of reuse and recycling of IT infrastructure such as servers.
• Usage of innovative data center technologies, such as hydrogen fuel cells, HVO fuel, advanced cooling techniques

Global Green Data Centers Market Segments

• Innovations in power technologies
• Innovations in cooling technologies
• Adoption of district heating and waste heat recovery systems is expanding beyond Nordics
• Increasing Modular data center design & deployment

Key Vendors

• 21Vianet Group
• Africa Data Centres
• AQ Compute
• Airtel
• AirTrunk Operating
• Apple
• Alibaba Cloud
• Aligned
• Amazon Web Services
• atNorth
• Big Data Exchange (BDx)
• Bridge Data Centres
• Canberra Data Centers
• Chayora
• Chindata
• Cologix
• Colt Data Centre Services (COLT DCS)
• Compass Datacenters
• COPT Data Center Solutions
• CoreSite Realty
• CyrusOne
• DATA4
• DataBank
• DigiPlex
• Digital Realty
• EdgeConneX
• Etisalat Group
• Equinix
• Facebook (Meta)
• Flexential
• GDS Services
• Global Switch
• Google
• Green Mountain (AZRIELI GROUP)
• HostDime
• Huawei Technologies
• Iron Mountain
• Keppel Data Centres
• Microsoft
• Moro Hub
• Nautilus Data Technologies
• Netia
• NEXTDC
• NTT Global Data Centers
• ODATA
• Oracle
• Orange Business Services
• Pure Data Centres Group
• QTS Realty Trust
• RackBank
• Raxio Group
• Rostelecom Data Centers
• Scala Data Centers
• Sify Technologies
• STACK INFRASTRUCTURE
• ST Telemedia Global Data Centres
• Switch
• Tenglong Holdings Group
• T5 Data Centers
• Vantage Data Centers
• Yandex
• Yondr
• Yotta Infrastructure Solutions

Renewable Energy Providers

• ACCONIA Energia
• Apex Clean Energy
• The AES Corporation
• Conrad Energy
• Datafarm Energy
• DE SHAW RENEWABLE INVESTMENTS
• EDF Renewables
• Distributed Power Technologies
• NTR
• Orsted
• ScottishPower
• Torch Clean Energy
• MC Retail Energy
• GreenYellow
• Engie
• Simply Energy
• ReNew Power
• Lightsource bp
• TotalEnergies
• Better Energy
• Ilmatar Energy
• Faro Energy
• RWE Renewables
• ERG
• Sunseap Group
• AMP Energy
• Enel Group
• Solar Alliance
• MP2 Energy
• HDF Energy
• Shell
• Eneco
• Rocky Mountain Power
• Pattern Energy
• Neoen
• Avaada Energy
• Dominion Energy
• Pacific Gas and Electric Company
• Leeward Renewable Energy
• NextEra Energy

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of the Study

4.4 Market Segments

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.2 Power Usage Effectiveness (Pue)

7.3 Policy Drivers

7.4 Energy Certifications

7.5 Moving Towards Green Energy

7.6 Renewable Energy Adoption by Data Center Operators

8 Efficiency in It Infrastructure

9 Market Opportunities & Trends

9.1 Innovative Data Center Power Technologies

9.2 Sustainable Innovations in Data Center Power Technology

9.3 Innovative Data Center Cooling Technologies

9.4 Ai & Hpc Applications Boost Liquid Immersion & Direct-To-Chip Cooling Adoption

9.5 Increasing Adoption of District Heating Concept

9.6 Increase in Industrial Electricity Pricing

9.7 Growth in Data Centers Targeting Pue < 1.5

9.8 Adoption of Advanced It Infrastructure

9.9 Government Push for Green Data Center Development

10 Market Growth Enablers

10.1 Renewable Energy Initiatives by Hyperscale & Cloud Operators

10.2 Renewable Energy Initiatives by Colocation & Enterprise Operators

10.3 Growing Cloud Services Adoption

10.4 Automation & Intelligent Monitoring Solutions

10.5 Deployment of Modular Data Centers & Gensets

11 Market Restraints

11.1 Rising Carbon Emissions from Data Centers

11.2 Water Consumption by Data Centers

11.3 Lack of Skilled Data Center Professionals

11.4 Location Constraints for Green Data Centers

12 Market Landscape

12.1 Market Overview

12.2 Investment: Market Size & Forecast

12.3 Power Capacity: Market Size & Forecast

12.4 Five Forces Analysis

13 Infrastructure

13.1 Market Snapshot & Growth Engine

13.2 Market Overview

13.3 Electrical Infrastructure

13.4 Mechanical Infrastructure

13.5 General Construction

14 Electrical Infrastructure

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

14.3 Ups Systems

14.4 Generators

14.5 Transfer Switches & Switchgear

14.6 Pdus

14.7 Other Electrical Infrastructure

15 Mechanical Infrastructure

15.1 Market Snapshot & Growth Engine

15.2 Market Overview

15.3 Cooling Systems

15.4 Racks

15.5 Other Mechanical Infrastructure

16 Cooling Systems

16.1 Market Snapshot & Growth Engine

16.2 Market Overview

16.3 Crac & Crah Units

16.4 Chiller Units

16.5 Cooling Towers, Condensers & Dry Coolers

16.6 Economizers & Evaporative Coolers

16.7 Other Cooling Units

17 Cooling Technique

17.1 Market Snapshot & Growth Engine

17.2 Market Overview

17.3 Air-Based Cooling Techniques

17.4 Liquid-Based Cooling Techniques

18 General Construction

18.1 Market Snapshot & Growth Engine

18.2 Market Overview

18.3 Core & Shell Development

18.4 Installation & Commissioning Services

18.5 Building & Engineering Design

18.6 Physical Security

18.7 Fire Detection & Suppression

18.8 Dcim/Bms Solutions

19 Geography

19.1 Market Snapshot & Growth Engine

19.2 Power Capacity: Snapshot & Growth Engine

For more information about this report visit https://www.researchandmarkets.com/r/4sazpt

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEWBURY PARK, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQB: KGEIF), is pleased to announce that its indirect wholly-owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has started completion operations on the Barnes 8-4H well (99.8% working interest) in its Tishomingo field in Oklahoma.

Wolf Regener, President, and CEO, commented. “Completion operations have started this morning and are expected to be finished within the next two weeks. The wellbore will then be cleaned out after which flow back of the well can begin. The Company will update the market when we have stabilized production rates which are expected by the end of April.

After our outstanding results from the Barnes 7-3H well, we are eager to bring the Barnes 8-4H well on production. The Barnes 8-4H is also located in the heart of our field and our operations team is using the same stimulation design that was used on the Barnes 7-3H well. We look forward to bringing on additional new production with unhedged current pricing of over $100 per barrel.

“The Barnes 7-3H well is still producing at a much higher rate than any of our previous wells and over the last five days has continued to average over 1,000 barrels of oil equivalent a day.”

About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQB under the stock symbol KGEIF.

Cautionary Statements

Readers should be aware that references to initial production rates and other short-term production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the results of the Company's December 31, 2021 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2021, which the Company filed on SEDAR on March 8, 2022.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the timing of and expected results from planned wells development, the expected timing to finish completion operations, the expected timing of stabilized production rates, and the Company bringing on additional new production with unhedged current pricing of over $100 per barrel. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment or labor are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

Wolf E. Regener +1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com

Koch Strategic Platforms Invests $30 Million in Manufacturing Facilities; Ben Eiref Joins as CEO from Amazon Web Services

HAYWARD, Calif.--(BUSINESS WIRE)--Blue Current today announced that it has named a new CEO, Ben Eiref, former Worldwide Head of Automotive Solutions at Amazon Web Services (AWS). Koch Strategic Platforms (KSP) has invested $30 million to accelerate commercialization of the company’s technology and build its first megawatt-scale factory in California.

Solid-state batteries are expected to be the energy storage foundation for the new energy economy that includes electric vehicles, grid storage, and consumer electronics. In 2016, Blue Current imagined the possibility of combining the mechanical elasticity and adhesive capabilities of polymers with the ionic conductivity of glass ceramics to maximize safety, temperature, performance, and scalability. In 2018 the company used this approach to create a fully dry solid-state battery with a high silicon content anode to increase energy density. The company refers to this combination of properties together as a “silicon elastic composite” battery.

"Customers want completely safe batteries with a big boost in capacity and performance,” said Ben Eiref, Blue Current CEO. “Through independent validation, we have demonstrated that our silicon elastic composite solid-state cells are resistant to fire and provide high energy density and long cycle life. Now we’re focused on scaling the technology and furthering innovations that improve system-level energy density. This is a critical enabler for our customers to build lighter and more space efficient electric vehicles and consumer electronics.”

The Company is in early-stage testing with automotive customers and will expand to consumer electronics and other market segments. In Hayward, California, Blue Current is utilizing a 22,000-square-foot production-ready facility with state-of-the-art wet and dry labs, battery cycling and high-bay logistics space.

“Solid-state battery technology will play a pivotal role in global energy transformation,” said Jeremy Bezdek, managing director for KSP. “Our extensive diligence indicated that Blue Current has an advantaged intellectual property position that has the potential to be disruptive in the solid-state battery space.” Koch Strategic Platforms is a subsidiary of Koch Industries, one of the nation’s largest private companies in the United States with over 120,000 employees globally. KSP has invested over $1.2 billion in energy transformation since 2021.

“We’re excited to have Ben join us at Blue Current as CEO. He brings to the company deep industry insight and the discipline to translate successful R&D and prototypes into winning products at scale,” stated Blue Current’s cofounders Nitash Balsara, PhD, the Charles W. Tobias Professor of Electrochemistry in the Department of Chemical and Biomolecular Engineering at the University of California, Berkeley, and Joseph M. DeSimone, PhD, the Sanjiv Sam Gambhir Professor of Translational Medicine and Chemical Engineering at Stanford University.

Ben Eiref has decades of experience building new businesses in the electric vehicle and technology industries. At AWS, Eiref started the company’s cloud solution business supporting autonomous, connected and electric vehicles. Prior to AWS, he led U.S. strategy and business development for electric powertrain technology at NIO, overseeing innovation and partnerships with top automakers. He was previously a member of the engineering team that built the original prototype of the General Motors EV1 electric car.

About Blue Current

Blue Current strives to provide the safest and highest performance solid-state battery storage for the new energy economy including electric vehicles, grid storage and consumer electronics. Blue Current leads with science, data and thoughtful IP across the full solid-state battery stack. The Company is based in Hayward, California. www.BlueCurrent.com @Solid_Battery

Media:
Tali Mackay
Rubenstein
323-719-8391
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HOUSTON--(BUSINESS WIRE)--Hess Midstream Operations LP (the “Issuer”), a consolidated subsidiary of Hess Midstream LP (NYSE: HESM) (“HESM” and, together with the Issuer, “Hess Midstream”), today announced that it has priced $400 million in aggregate principal amount of 5.500% senior unsecured notes due 2030 (the “Notes”) at par in a private offering. Hess Midstream intends to use the net proceeds from the offering to repay the borrowings under its revolving credit facility used to finance the previously announced repurchase by the Issuer of 13,559,322 Class B units from affiliates of Hess Corporation and Global Infrastructure Partners. The private offering of the Notes is expected to close on April 8, 2022, subject to the satisfaction of customary closing conditions.

The Notes are being sold only to “qualified institutional buyers” in the United States pursuant to Rule 144A and outside the United States to non-U.S. Persons in compliance with Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

About Hess Midstream

Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess Corporation and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of U.S. securities laws. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. You should keep in mind the risk factors and other cautionary statements in the filings made by HESM with the U.S. Securities and Exchange Commission, which are available to the public. HESM undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Investor Contact:
Jennifer Gordon
(212) 536-8244

Media Contact:
Robert Young
(713) 496-6076