TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) plans to announce its first-quarter 2022 financial results after the market closes on Monday, May 2, 2022.
The company’s first-quarter 2022 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, May 3, 2022, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).
Participants who wish to join the call by phone must register using the following link:
http://www.directeventreg.com/registration/event/9957109
A webcast link to the conference call will be provided on Williams’ Investor Relations website. A replay of the webcast will be available on the website for at least 90 days following the event.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
Grace Scott
(918) 573-1092
DUBLIN--(BUSINESS WIRE)--The "Global Prepreg Market by Type of Reinforcement (Carbon Fiber Prepreg, Glass Fiber Prepreg), Resin Type (Thermoset Prepreg, Thermoplastic Prepreg), Form, Manufacturing Process (Hot-melt, Solvent Dip), Application, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global prepreg market size is estimated at USD 7.0 billion in 2021 and is projected to reach USD 12.6 billion by 2026, at a CAGR of 12.5%. Prepreg is being used in the aerospace & defense, wind energy, automotive, sporting goods, electronics, and other end-use industries. The increasing wind energy projects and demand for lightweight material from the automotive industry support the demand for prepreg in the wind energy and automotive end-use industry.
Carbon Fiber Reinforcement Type is the fastest-growing Fiber Reinforcement Type of prepregs, in terms of value.
The carbon fiber prepregs find wide applications in various end-use industries. Carbon fiber prepregs are used in automotive, sporting goods, and leisure items such as vehicles (motorcycle) rim and integral spokes structural components. The use of carbon fiber prepregs in these applications provides 40-50% weight reduction over their conventional aluminum counterparts.
Thermoplastic Prepreg is the fastest-growing resin type of prepreg, in terms of value.
The prepreg products are mainly used in industries such as aerospace & defense, automotive and sporting goods. In the aerospace & defense sector, due to their recyclability, good shelf life, lightweight, tough, and high stiffness, thermoplastic prepregs are used to make a variety of structural components. The increasing demand for prepregs from aerospace & defense, wind energy, and automotive applications is expected to drive the market during the forecast period.
Tow Prepreg is the fastest-growing Form of prepreg, in terms of value.
The tow prepreg form of the prepreg is fastest-growing form in prepreg market. Towpregs are typically used in the filament winding process to construct high-strength structures in aerospace & defense, automotive, and other industries. The use of the filament winding process results in higher productivity for manufacturers. These materials are used in automotive, aerospace, oil & gas, sports & recreation, and other industries.
Hot-Melt Process is the fastest-growing manufacturing process of prepreg, in terms of value.
Due to the eco-friendly nature and less complex machinery, the hot-melt process is preferred over the solvent dip process. Environmentally, this process is less hazardous as small or no organic solvents are consumed or emitted during operations.
Wind Energy is the fastest-growing application of prepreg, in terms of value.
In wind energy application, the critical component of wind turbines uses composites and prepregs for bigger size turbines. Growing environmental concerns in Asia Pacific countries such as China and India are expected to boost the demand for wind energy during the forecast period.
APAC is the fastest-growing prepreg market.
APAC is the largest prepreg market in terms of volume and is expected to maintain its lead during the forecast period. The remarkable growth of the wind energy industry has driven the expansion of the market in the region. China is leading the Asia Pacific prepreg market in the wind energy industry, with 71.7 GW new wind capacity installed in 2020. Favorable government policies, to protect the economies from volatile fossil fuel prices and take steps against harmful GHGs emissions, are expected to drive the wind energy industry in Asia Pacific, stimulating the demand for prepreg in the region. North America is the second major consumer of prepregs aerospace & defense, and wind energy are the major industries fueling the growth of the prepreg market in this region.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ajfx5u
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces that on April 8, 2022, its Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable April 29, 2022 to stockholders of record at the close of business on April 21, 2022.
About Argan, Inc.
Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.
Company:
Rainer Bosselmann
301.315.0027
Investor Relations:
David Watson
301.315.0027
DUBLIN--(BUSINESS WIRE)--The "UAE Port Automation Market Research Report: Forecast (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
This study cites that the UAE Port Automation Market is expected to grow at a CAGR of 18% during 2022-27. The research report provides comprehensive analysis on the growth, opportunities, challenges, trends, & outlook on the UAE Port Automation Market to 2027. In the report, the 2017-20 is considered the historical period, 2021 as the base year, and from 2022-27 is the forecast period.
The Impact of Covid-19 on the UAE Port Automation Market
The Covid-19 pandemic continues into 2022 and is still impacting different industries across the globe. This updated research study cites analysis, insights, & predictions considering the impact of the pandemic on the UAE Port Automation Market. Its long-term effects like supply chain disruptions, shifts in risk factors, volatile stock markets, etc., are projected to impact the market growth during 2022-27. The report also provides industry insights based on the changes in consumer behavior & demand, purchase patterns, etc., due to the pandemic.
Key Questions Answered:
1. What are the key growth factors & challenges shaping the UAE Port Automation Market during the forecast period?
2. What strategies are considered crucial to enter the UAE Port Automation Market?
3. What are the key trends & regulatory frameworks in the UAE Port Automation Market?
4. What is the share of the leading players in the UAE Port Automation Market?
Competitive Analysis:
The report explores the recent developments by the key companies positioned in the Market include DHI, Microsoft, Accenture, TBA Group, Navis, Royal HaskoningDHV, Wipro, IBM, Kalmar, TCS. It also provides an outlook on numerous business growth strategies like mergers & acquisitions, partnerships, and collaborations adopted at different stages by the leading market players to gain a competitive edge over their rivals during 2022-27.
Scope of the UAE Port Automation Market:
This section of the report cites how the leading companies in the Market are focusing on their share, gross margins, net profits, sales, & product portfolio, among other factors. It further cites how they are performing in terms of revenue generation & end-user base while contributing to the overall market growth. Moreover, the report provides superior recommendations for new market entrants while carefully steering the well-established ones for further growth in the industry.
Key Insights Covered in the UAE Port Automation Market:
1. An extensive examination of the UAE Port Automation Market offered by the industry leaders
2. In-depth information about emerging trends and prominent segments of the UAE Port Automation Market.
3. Meticulous statistics about product launches, untouched countries, recent developments, and investment portfolio.
4. A thorough assessment of key strategies, products, services, regulatory approvals, and innovative capabilities of the leading players in the UAE Port Automation Market
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Impact of COVID-19 on UAE Port Automation Market
4. UAE Port Automation Market Trends & Insights
5. UAE Port Automation Market Dynamics
5.1. Drivers
5.2. Challenges
6. UAE Port Automation Market Regulations, Policies, Product Benchmarks
7. UAE Port Automation Market Hotspot & Opportunities
8. List of Ports with Planned Infrastructure Automation (Khalifa Port, Jebel Ali Port, Mina Rashid, etc.)
9. UAE Port Automation Market Case Studies (AI, Process Automation, Blockchain, etc.)
10. UAE Port Automation Market Outlook, 2017-2027
10.1. Market Size & Analysis
10.1.1. Revenues (USD Million)
10.2. Market Share & Analysis
10.2.1. By Platforms
10.2.2. By Throughput Capacity
10.2.3. By Solutions
10.2.4. By Connectivity
10.2.4.1. Bluetooth
10.2.4.2. Wireless LAN
10.2.4.3. Wi-Fi
10.2.4.4. IR
10.2.4.5. ZigBee
10.2.5. By Data Storage
10.2.5.1. Cloud
10.2.5.2. On Premise
10.2.5.3. Hybrid
10.2.6. By Region
10.2.6.1. Dubai
10.2.6.2. Abu Dhabi & AI Ain
10.2.6.3. Sharjah & Northern Emirates
10.2.7. By Company
11. UAE Port Automation Market Key Strategic Imperatives for Success & Growth
12. Competition Outlook
12.2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
12.2.1. DHI
12.2.2. Microsoft
12.2.3. Accenture
12.2.4. TBA Group
12.2.5. Navis
12.2.6. Royal HaskoningDHV
12.2.7. Wipro
12.2.8. IBM
12.2.9. Kalmar
12.2.10. TCS
13. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/eranjy
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced it will host a conference call and live audio webcast on April 29, 2022 to discuss first quarter 2022 financial and operating results. The Company plans to release results on April 28, 2022 after market close, which will be available on SWN’s website at www.swn.com.
Date: |
April 29, 2022 |
Time: |
9:30 a.m. CT |
Webcast: |
|
US/Canada: |
877-883-0383 |
International: |
412-902-6506 |
Access code: |
6924406 |
A replay of the call will also be available until May 6, 2022 at 877-344-7529, International 412-317-0088, or Canada Toll Free 855-669-9658, access code 3957714.
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer and marketer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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MIAMI--(BUSINESS WIRE)--The Management Committee of I Squared Capital is pleased to announce the appointment of Andreas Moon as Partner, Chenhua Shen as Fund Partner, and Enrico Del Prete as Fund Partner, bringing the total number of partners at I Squared Capital to eleven. “In our tenth anniversary year, I am so proud to be part of this extraordinary group whose combined talents have contributed so much to the success of the firm,” said Sadek Wahba, Chairman and Managing Partner of I Squared Capital. “Our new partners have helped build I Squared Capital into a vibrant global platform with over $34 billion of assets under management and a diverse portfolio of infrastructure assets around the world. They have demonstrated the talent and innovation necessary to execute on our long-term strategy and help lead the firm on its next phase of growth.”
The firm continues to grow rapidly and, with the recent closing of ISQ Global Infrastructure Fund III at $15 billion, I Squared now has over $34 billion in assets under management. With this growth comes the need for additional resources across the firm. Over the past six months, 19 professionals have joined across various groups including ten on the investment team and nine in other functions. Over the course of the coming period, we look to add significant resources, including investment professionals in the U.S., Latin America, Europe, and Asia, as well as the Credit and InfraTech platforms, some of whom will be announced shortly.
I Squared Capital is an independent global infrastructure investment manager focusing on utilities, digital infrastructure, energy, transport and social infrastructure in North America, Europe, Latin America, and Asia. Headquartered in Miami, the firm also has offices in Hong Kong, London, New Delhi, Singapore, and Taipei.
Andreas Moon, Partner and Head of Investor Relations
+1 (786) 693-5739 | This email address is being protected from spambots. You need JavaScript enabled to view it.
JACKSONVILLE, Fla.--(BUSINESS WIRE)--$RDW--Redwire Corporation (NYSE: RDW; “Redwire” or “the Company”) today announced that it filed its Annual Report on Form 10-K for the year ended December 31, 2021, with Securities and Exchange Commission (“SEC”). With this filing of the Form 10-K and the filing on April 1, 2022, of the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2021, Redwire is now current in its SEC filings.
In addition, Redwire has received written notification from the New York Stock Exchange (“NYSE”) that it is in full compliance with the NYSE continued listing standards and was removed from the late filers’ list on the Listed Standards Filing Status page on www.nyse.com.
About Redwire
Redwire Corporation (NYSE: RDW) is a leader in space infrastructure for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions. For more information, please visit www.redwirespace.com.
Michael Shannon
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904-425-1413
GALESBURG, Mich.--(BUSINESS WIRE)--#autosupplier--Power management company Eaton today announced Marco Martini has been named president, Vehicle Group, Europe, Middle East and Africa (EMEA). Martini will be responsible for leading all business growth and operational activities in the EMEA region. He will continue to be located in Torino, Italy.
“Marco’s diverse background and broad leadership experience make him an excellent fit to lead the Vehicle Group in EMEA,” said João Faria, president, Eaton’s Vehicle Group. “We believe Marco’s strong financial and operational proficiency will help our business thrive in the region.”
Martini joined Eaton as a manufacturing controller and was promoted to director, Finance, Vehicle Group, EMEA. Most recently, he served as director, Operations, Vehicle Group, EMEA. Prior to joining Eaton, he worked in the appliance industry for 15 years in various finance roles in Italy, the United Kingdom, Mexico and Russia.
Martini holds a degree in business and administration from the Marche Polytechnics University in Ancona, Italy.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Thomas Nellenbach
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(216) 333-2876 (cell)
SAN JOSE, Calif.--(BUSINESS WIRE)--Power Integrations (Nasdaq: POWI) will release its first-quarter financial results after market hours on Thursday, April 28, 2022, and will host a conference call that day beginning at 1:30 p.m. Pacific time.
Members of the investment community can register for the call by visiting the following link: https://conferencingportals.com/event/iobnvsok. Live and archived audio webcasts of the conference call will be available on the company’s website at https://investors.power.com.
About Power Integrations
Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit www.power.com.
Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.
Joe Shiffler
(408) 414-8528
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Texas-based Facility to Further Support Domestic Sustainability and Infrastructure Goals
MOUNTAIN VIEW, Calif. & ARLINGTON, Texas--(BUSINESS WIRE)--Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced the commencement of construction at its Arlington manufacturing facility, the company’s first U.S.-based EV charger manufacturing facility. The 130,000 square-foot high-tech plant is expected to have enough capacity to fully support Wallbox's expansion plans in North America over the next decade. This announcement comes on the heels of the start of production at Wallbox's new state-of-the-art factory in Barcelona, which began in December 2021 and will be inaugurated later this month.
Investing approximately $11 million USD* into initial construction, Wallbox is expecting to begin production within the facility by early Fall 2022. Initial construction is planned to allow the EV charger and energy management company to manufacture over 250,000 units in 2022, and over 500,000 in 2025.
The facility will begin with production lines for Wallbox’s Pulsar Plus AC chargers, its powerful best-selling home charger that can charge any electric car on the market, including Teslas with a converter. Production lines for Wallbox’s Quasar 2, its next-generation bi-directional DC charger that enables your car to power your home, Supernova, its fast public charger with 130kW power, and Hypernova, its ultrafast public charger with between 150kW and 350kW of power, are anticipated to follow in 2023.
The U.S.-based facility will play a vital role in expanding the company's presence in North America, a market that is making a big push into automotive electrification with the Biden Administration targeting 50% of all new car sales to be electric by 2030. Expanding its U.S. presence is expected to allow Wallbox to improve delivery time, reduce freight costs, and qualify for subsidies offered by the U.S. government; all aspects that further allow Wallbox to provide the best products for its customers. The new facility is anticipated to create approximately 250 direct jobs in the region by 2030. Wallbox also entered into partnerships with U.S. suppliers, for the design and construction of the facility, storage racking, and its new assembly line.
“With the U.S. undergoing a steady increase in demand toward energy-friendly solutions due to the government’s aggressive EV infrastructure targets, we are pleased to begin construction on our factory that will be at the forefront of serving this rapidly growing market,” said Douglas Alfaro, General Manager of North America at Wallbox. “The U.S. factory is an exciting milestone that allows us to expand our local footprint stateside, and we are thrilled to begin construction in Arlington. The manufacturing facility is expected to allow us to better meet the needs of our American customers and support the nation's transition toward electric mobility.”
Wallbox made the strategic decision to select Arlington, Texas as the location of its first North American manufacturing hub for a variety of factors including the city's position as a central transit hub between the East and West coasts, its access to cross-country highway corridors and central location to other major cities in the region including Dallas and Fort Worth. The Arlington facility is Wallbox's fourth manufacturing site, additive to two facilities in Europe and one in China. Between all facilities, Wallbox is expected to have a global production capacity of over 1.1 million chargers per year by the end of this year.
About Wallbox Chargers
Wallbox is a global company, dedicated to changing the way the world uses energy in the electric vehicle industry. Wallbox creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger. Wallbox offers a complete portfolio of charging and energy management solutions for residential, semi-public and public use in 98 countries. Founded in 2015, with headquarters in Barcelona, Wallbox’s mission is to facilitate the adoption of electric vehicles today to make more sustainable use of energy tomorrow. The company employs over 900 people in Europe, Asia, and the Americas. For additional information, please visit www.wallbox.com.
Wallbox Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the features of Wallbox’s products. Wallbox’s manufacturing capacity, future expansion, future partnerships, and expected benefits from the Arlington Facility. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "believe," "may," "can," "should," "could," "might," "plan," "possible," "project," "strive," "budget," "forecast," "expect," "intend," "will," "estimate," "predict," "potential," "continue" or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause Wallbox’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: Wallbox’s history of operating losses as an early stage company; the adoption and demand for electric vehicles including the success of alternative fuels, changes to rebates, tax credits and the impact of government incentives; Wallbox’s ability to successfully manage its growth; the accuracy of Wallbox’s forecasts and projections including those regarding its market opportunity; competition; risks related to health pandemics including those of COVID-19; losses or disruptions in Wallbox’s supply or manufacturing partners; Wallbox’s reliance on the third-parties outside of its control; risks related to Wallbox’s technology, intellectual property and infrastructure; and other important factors discussed under the caption "Risk Factors" in Wallbox’s final prospectus on Form 424(b)(3) filed with the SEC on November 12, 2021, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of Wallbox’s website at investors.wallbox.com.
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement. Except as required by law, Wallbox disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
*investment figures have been translated at a EUR/USD rate of 1.091, according to the spot rate on April 6, 2022
Wallbox Public Relations:
Colleen Robar
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 313-207-5960
Wallbox Investors:
Matt Tractenberg
VP, Investor Relations
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+1 404-574-1504
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today it has been named as the top supplier in the categories of performance and reliability according to EnergyPoint’s 2022 Oilfield Products Customer Satisfaction Survey.
The Customer Satisfaction Survey, which concluded on December 31, 2021, reflects opinions from more than 3,700 customer evaluations and is comprised of more than 50 questions that focus on factors shown to drive satisfaction among customers of product suppliers. This survey is considered by EnergyPoint to be the “industry standard for independent customer satisfaction ratings of global oilfield products providers.”
“At Flowserve, we understand that our customers rely on our products and services to perform in some of the toughest conditions. That’s why we’re committed to providing the highest quality products and services that our customers can count on,” said Scott Rowe, president and chief executive officer. “This recognition is a testament to our continued commitment to operational excellence and providing our customers with an enhanced customer experience and reliable products and services.”
Full survey results are available in EnergyPoint’s 2022 Ratings and Analysis Report, available from https://www.energypointresearch.com/detailed-reports.html.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; our ability to execute and realize the expected financial benefits from our strategic manufacturing optimization and realignment initiatives; economic, political and other risks associated with our international operations, including military actions or trade embargoes that could affect customer markets, particularly Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; a foreign government investigation regarding our participation in the United Nations Oil-for-Food Program; expectations regarding acquisitions and the integration of acquired businesses; our ability to anticipate and manage cybersecurity risk, including the risk of potential business disruptions or financial losses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
STUTTGART, Germany--(BUSINESS WIRE)--At its first digital ESG (Environment, Social and Governance) Conference for investors and analysts, the inventor of the automobile announced measures aimed at cutting CO2 emissions, creating lasting value for all stakeholders. As stated at the COP26 UN Climate Change Conference in November 2021, Mercedes-Benz is committed to a faster transition to electric cars. “The desire for individual mobility keeps growing. Our mission is to meet this need in a sustainable way. Mercedes-Benz has a clear roadmap how to become carbon-neutral. By 2030, we want to reach the half-way mark. In order to make faster progress in protecting the climate we need maximum dedication and more collaboration among governments, companies and society as a whole,” says Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG.
The company aims to at least halve CO2 emissions per passenger car over the lifecycle by the end of this decade compared to 2020 levels. To achieve this goal, the key levers include: electrifying the vehicle fleet, charging with green energy, improving battery technology, an extensive use of recycled materials and renewable energy in production. Mercedes-Benz plans to cover more than 70 percent of its energy needs through renewable energy by 2030 by rolling out solar and wind power at own sites as well as through further Power Purchase Agreements.
Electric only – well on the way to zero tank-to-wheel emissions
Electrification of the Mercedes-Benz portfolio has been progressing in leaps and bounds for some time. The aim is to achieve up to 50 percent share of plug-in hybrid and BEVs by 2025 on the way toward going all-electric by 2030 wherever market conditions allow. The portfolio already includes six, and soon nine, all-electric models. To-date, Mercedes-Benz has unveiled the EQA, the EQB, the EQC (WLTP: combined electrical consumption: 25-21,3 kWh/100 km; combined CO2 emissions: 0 g/km)1, the EQS, the EQE 350+ (WLTP: combined electrical consumption: 18,7‑15,9 kWh/100 km, combined CO2 emissions: 0 g/100 km)1 as well as the EQV. Further models will follow: the EQS SUV, the EQE SUV and the EQT. The company plans to assert its leadership in electric mobility among commercial vans, too, through the ongoing electrification of its entire model range.
Green Charging –renewable electricity for electric vehicles
In the lifecycle of an electric vehicle, using renewable energy for charging is a significant lever for helping to avoid CO2 emissions. Mercedes-Benz enables “green charging2” at all of the around 300,000 public charging points in the Mercedes me Charge network throughout Europe and ensures that a sufficient amount of electricity from renewable sources is fed into the grid.
Battery – decreasing carbon footprint through innovative cell chemistry and battery recycling
The battery is the biggest lever for reducing CO2. With the current EU electricity mix, supply chain and production account for more than half of the lifecycle CO2 emissions. This proportion can be reduced significantly through the use of renewable energy. By transitioning to CO2-neutral cell production, it is possible to cut emissions for the production of the entire battery pack by 20 percent. Additional CO2 savings are expected to be achieved through further measures - e.g., by improving the anode and cathode production process. Strategic partnerships have thus been formed to develop and industrialize highly advanced and competitive cell technologies. With more than 800 watt-hours per litre at cell level by mid-decade, high-silicon anodes offer great potential in respect of energy density. At the same time, Mercedes-Benz expects to be able to use LFP batteries in its series-production vehicles. These batteries have a completely cobalt-free cathode. Together with research partners the company is also working on solid-state batteries. To keep control of the battery lifecycle in-house, the company is starting a CO2-neutral recycling factory in Kuppenheim3, Germany, to recycle end-of-life electric vehicle batteries using a new hydrometallurgical technique which increases the recycling rate to 96 percent.
Green steel and Aluminium - pulling out all stops to lower emissions and to support a sustainable future
Mercedes-Benz is setting up a green steel supply chain4 to massively expand its use of low-CO2 and zero‑CO2 steel. Working closely with steel suppliers, the company is consciously steering clear of carbon offsets, focusing instead on the avoidance and reduction of CO2 emissions. In 2021, the company became the first car maker to take an equity stake in Swedish start-up H2 Green Steel (H2GS), with the aim of introducing green steel in a number of production models by as early as 2025. Through the adoption of a circular economy approach, Mercedes-Benz is steadily increasing the proportion of secondary aluminium it uses. Furthermore, it is the first automotive manufacturer to commit to sourcing only primary aluminium certified by the Aluminium Stewardship Initiative (ASI) for its stamping plants and foundries in Europe in future. This confirms that the raw materials are obtained and processed responsibly and in an ecological manner irrespective of the source country — from mining through melting and refining all the way to the gates of the Mercedes‑Benz plants. This requirement will be rolled out to other locations outside Europe in the medium term.
Sustainable materials in series production – now and in the near future
Several sustainable materials are already in series production in some vehicle models. These include seat upholstery fabrics from 100 percent recycled PET bottles as well as floor coverings made with yarns from fishing nets recovered and fabric remnants from old carpets. The EQS and EQE will even feature cable ducting made with recycled landfill waste. Indeed, the components in the EQS, manufactured with efficient use of resources through recycled and renewable raw materials, already weigh more than 80 kilograms. By applying its “Design for Environment” and “Design for Circularity” approaches to the selection of materials, Mercedes-Benz Cars aims to increase the use of recycled materials per vehicle by 2030 to 40 percent.
The bigger picture – Environmental, Social and Governance responsibility go hand in hand
Mercedes-Benz has been producing CO2-neutrally in all own plants as of this year. In addition, the company aims to further expand production of renewable energy by rolling out solar and wind power at all sites.
Mercedes-Benz has a holistic concept of ESG across all departments. The transition to CO2-neutrality and the associated expansion of electric mobility bring many challenges, including those relating to raw materials such as cobalt or lithium, and supply chains. As part of the risk-based Human Rights Respect System Mercedes-Benz increases transparency and takes appropriate measures in relation to 24 raw materials with an elevated risk. The corporate ambition is to ensure that human rights are respected along the entire supply chain: from the mines where raw materials are obtained to the processing companies, and finally to own production.
Along with sustainability and integrity, diversity forms the foundation of the sustainable business strategy of Mercedes-Benz. The company is convinced that sustainable success can only be achieved with diverse teams. One area of action for Diversity & Inclusion Management is the advancement of women. They make up the equivalent of 37.5 percent of the Board of Management of Mercedes-Benz Group AG: Three of the eight members of the Board. Mercedes-Benz wants more qualified women in senior management positions and is aiming for a share of 30 percent in 2030.
The shift towards climate neutrality is changing the financial world and green financing is gaining in importance. Therefore, the variety of green financing instruments like “Green ABS” and green KPI-linked bilateral funding agreements will be increased. Mercedes-Benz also expects a significant increase in EU taxonomy aligned CapEx until 2026 in accordance with its all-electric strategy. Analysis of the ESG ratings of Mercedes-Benz is an important aspect to identify and close transparency gaps. In 2021, the company was able to significantly improve those ESG ratings.
For a replay of the digital ESG Conference please have a look at the Mercedes me media online platform.
Further information about Mercedes-Benz is available at www.mercedes-benz.com. Press information and digital services for journalists and multipliers can be found on our Mercedes me media online platform at media.mercedes-benz.com as well as on our Mercedes-Benz media site at group-media.mercedes-benz.com. Learn more about current topics and events related to Mercedes-Benz Cars & Vans on our @MB_Press Twitter channel at www.twitter.com/MB_Press.
Mercedes-Benz AG at a glance
Mercedes‑Benz AG is responsible for the global business of Mercedes‑Benz Cars and Mercedes‑Benz Vans, with around 172,000 employees worldwide. Ola Källenius is Chairman of the Board of Management of Mercedes‑Benz AG. The company focuses on the development, production and sales of passenger cars, vans and vehicle-related services. Furthermore, the company aspires to be the leader in the fields of electric mobility and vehicle software. The product portfolio comprises the Mercedes‑Benz brand with the brands of Mercedes‑AMG, Mercedes‑Maybach, Mercedes‑EQ, G‑Class as well as products of the smart brand. The Mercedes me brand offers access to the digital services from Mercedes‑Benz. Mercedes‑Benz AG is one of the world's largest manufacturers of luxury passenger cars. In 2021 it sold around 1.9 million passenger cars and nearly 386,200 vans. In its two business segments, Mercedes‑Benz AG is continually expanding its worldwide production network with around 35 production sites on four continents, while gearing itself to meet the requirements of electric mobility. At the same time, the company is constructing and extending its global battery production network on three continents. As sustainability is the guiding principle of the Mercedes‑Benz strategy and for the company itself, this means creating lasting value for all stakeholders: for customers, employees, investors, business partners and society as a whole. The basis for this is the sustainable business strategy of the Mercedes‑Benz Group. The company thus takes responsibility for the economic, ecological and social effects of its business activities and looks at the entire value chain.
1 The WLTP electrical consumption has been determined on the basis of Regulation (EU) No. 2017/1151.
2 Press Release: “Mercedes me Charge: Mercedes-Benz drives electric mobility forward with simplified charging rates”
3 Press Release: : “Mercedes-Benz establishes sustainable battery recycling: Own recycling plant to start in 2023”
4 Press Release: “Mercedes-Benz to use green steel in vehicles in 2025, reducing its carbon footprint”
Miriam Weiss, phone: +49 (0) 160 86 28 913, This email address is being protected from spambots. You need JavaScript enabled to view it.
Alexander Helf, phone: +49 (0) 176 30 91 6593, This email address is being protected from spambots. You need JavaScript enabled to view it.
Andrea Berg, phone: +1 917 667-2391, This email address is being protected from spambots. You need JavaScript enabled to view it.
TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO:MOLY, FSE:2LF) (“Greenland Resources” or the “Company”) is pleased to announce that it has filed a Definitive Feasibility Study prepared in accordance with National Instrument 43-101 – Standards for Disclosure for Mineral Projects (the "Technical Report") prepared by Tetra Tech Canada Inc. for the Company’s 100% owned Malmbjerg Molybdenum Project (the "Project"). The Technical Report supports the disclosure set out in the Company’s February 23, 2022 news release announcing the results of the feasibility study for the Project located in east central Greenland.
The Technical Report may be found under the Company’s profile on SEDAR www.sedar.com, and is available on the Company’s website along with the presentation that includes a summary of the Technical Report.
The Company continues discussions with strategic partnerships to advance the project towards production and with potential end buyers of the product.
About Greenland Resources Inc.
Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned world-class Climax type pure molybdenum deposit located in central east Greenland. The Malmbjerg Molybdenum Project is an open pit operation with an environmentally friendly mine design, with Proven and Probable Reserves of 245 million tonnes at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. The Project benefits from a NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022 and had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) and our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com
About Molybdenum and the European Union
Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition (World Bank, 2020; IEA, 2021). When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 25% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s ≈ US$16 trillion GDP. Greenland Resources strategically located Malmbjerg Molybdenum Project has the potential to supply in and for the EU approximately 25 million pounds per year, of environmentally friendly molybdenum from a responsible EU Associate member country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content, makes it an ideal source of molybdenum for the world leading high performance steel industry in Europe.
Forward Looking Statements
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources and reserves, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; success of the Company’s projects, including the Malmbjerg Molybdenum Project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.
These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.
Neither the NEO Exchange Inc. nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further information please contact:
Ruben Shiffman, PhD Chairman, President
Keith Minty, P.Eng, MBA Engineering and Project Management
Jim Steel, P.Geo, MBA Exploration and Mining Geology
Nauja Bianco, M.Pol.Sci. Public and Community Relations
Gary Anstey Investor Relations
Eric Grossman, CPA, CGA Chief Financial Officer
Corporate office Suite 1410, 181 University Av. Toronto, Ontario, Canada M5H 3M7
Telephone +1 647 273 9913
Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Web www.greenlandresources.ca
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) sold approximately 303 acres of North Carolina farmland to a large solar power developer for $4 million on Wednesday. The Company realized a net gain of nearly $2.3 million, or 132%, on the disposition.
The parcel was part of a 944-acre farm that FPI acquired in 2015. It will continue to rent the remaining farmland to a local farmer.
“This sale is great news for our shareholders because of the more than 2X gain we achieved,” said FPI Chairman and CEO Paul Pittman. “It’s also emblematic of our Company’s strategy to work with renewable energy producers, when possible, to maximize returns and benefit the environment.”
FPI also leases land to renewable energy producers. Its portfolio includes five solar and three wind projects, which collectively have the capacity to generate more than 110 megawatts of electricity.
About Farmland Partners Inc.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns and/or manages nearly 187,000 acres in 19 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and more than 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014. Additional information: www.farmlandpartners.com or (720) 452-3100.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws, including, without limitation, statements with respect to expected yields on acquired farmland, our outlook, proposed and pending acquisitions and dispositions, the potential impact of trade disputes and recent extreme weather events on the Company's results, financing activities, crop yields and prices and anticipated rental rates. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" or similar expressions or their negatives, as well as statements in future tense. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company's common stock, changes in the Company's business strategy, availability, terms and deployment of capital, the Company's ability to refinance existing indebtedness at or prior to maturity on favorable terms, or at all, availability of qualified personnel, changes in the Company's industry, interest rates or the general economy, adverse developments related to crop yields or crop prices, the degree and nature of the Company's competition, the timing, price or amount of repurchases, if any, under the Company's share repurchase program, the ability to consummate acquisitions or dispositions under contract and the other factors described in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and the Company's other filings with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
Phillip Hayes
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Global technology leader leverages expertise to accelerate the drive to a 100% renewable energy grid
LONDON--(BUSINESS WIRE)--Highview Power, a global leader in providing long duration energy storage and essential grid services, has named Rupert Pearce as its new CEO. In this role, Pearce will leverage his expertise in guiding technology companies through significant transformation and globalisation to position Highview Power as a leader in accelerating the energy transition.
“The world has ambitious Net Zero goals and Highview Power is uniquely positioned with a commercially deployable solution that will make a significant contribution to securing those ambitions,” Pearce said. “The rapid adoption of renewable energy in electricity grid systems brings with it several structural challenges that need to be solved if the world is to fully benefit from its renewables, drive to its net zero ambitions, and improve its energy security. Our CRYOplatform technology, deployed on the ground through our Renewable Energy Power Stations, provides flexible, long duration energy storage, energy shifting, and stability services at grid scale – capabilities that are critical to make renewables reliable and able to meet the increasing need for flexibility, agility, resilience, and security in twenty-first century grids. I am very excited to be joining Highview Power at the moment when – after many years of superb technological development – our products and services are ready to be deployed in a live grid environment, and the company turns its focus to commercial operations and scaling its activities around the world.”
Before joining Highview Power, Pearce served for nearly a decade as CEO of Inmarsat PLC, the leading mobile satellite operator. Under his leadership, Inmarsat entered the FTSE 100 index of leading companies on the London Stock Exchange. Mastering the technical concepts associated with the satellite and mobile broadband industry enabled Pearce to build impactful business strategies around complex technology and successfully navigate elaborate government processes globally.
“Rupert’s successful track record of leading high-growth global technology companies makes him the perfect choice to guide Highview Power as we deploy our Renewable Energy Power Stations to catalyse the drive to net zero, eliminate fossil fuels from national grids, deliver massive operational savings for grid operators and households, and improve energy security and reliability,” said Highview Power Chairman Colin Roy. “As a highly respected leader in the technology sector, Rupert has the capability and the passion to help Highview Power deliver fully on its ambitions.”
A graduate of Oxford University and a recipient of a Fulbright Fellowship to the Georgetown University Law Center in Washington, D.C., Pearce’s substantial industry leadership includes membership of the U.K. Government’s Trade Advisory Group for telecom services, chairmanship of the EMEA Satellite Operators Association, board membership for Tech U.K. and the Smart Africa Initiative, and he served as a Commissioner on the ITU/UNESCO’s Broadband Commission for Sustainable Development. He also served as a Visiting Fellow of the Tanaka Business School and as a guest lecturer to the Royal College of Defence Studies annual course. Pearce is currently a venture partner with Columbia Capital, was previously a partner of Atlas Venture and co-author of “Raising Venture Capital.”
About Highview Power
Highview Power is the designer and developer of a revolutionary liquid air energy services capability (the CRYOplatform) that utilizes proprietary cryogenic technology, delivering reliable and cost-effective long-duration energy storage, shifting and stability services. Its core Renewable Energy Power Station offering deploys this proprietary technology to provide 100 MW of charge and 200 MW of discharge at 2.5 GW/h of duration, meaning over 60 hours cycle time, for 40 years of design duration, locatable anywhere. Highview Power’s technology is low risk, immediately deployable, highly configurable and has excellent green credentials (using fresh air as its storage medium). For more information, please visit http://www.highviewpower.com.
Image: Rupert Pearce
Media Contact:
Wendy Prabhu, Mercom Communications
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UK: +44.203.617.1930
US: +1.512.215.4452
Increasing Production, Finding More Oil, Expanding Acreage, Growing Free Cash Flow, Reducing Debt and Giving Back More to Shareholders
BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator today announced its operational update for the three-month period ended March 31, 2022 (“1Q2022”).
All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified.
Highlights
Accelerating Production Growth
Drilling and Finding Oil and Gas
Expanding Growth Fairway and Strengthening Portfolio
Giving Back to Shareholders and Reducing Debt
Work Program Generating Strong Cash Flow
Breakdown of Quarterly Production by Country
The following table shows production figures for 1Q2022, as compared to 1Q2021:
|
1Q2022 |
1Q2021 |
|||
Total
|
Oil
|
Gas
|
Total
|
% Chg. |
|
Colombia |
33,738 |
33,527 |
1,262 |
31,455 |
+7% |
Chile |
2,279 |
377 |
11,408 |
2,491 |
-9% |
Brazil |
1,815 |
25 |
10,740 |
1,984 |
-9% |
Ecuador |
190 |
190 |
- |
- |
- |
Argentinab |
604 |
323 |
1,686 |
2,201 |
-73% |
Total (as reported) |
38,626 |
34,442 |
25,096 |
38,131 |
+1% |
Total w/o Argentinac |
38,022 |
34,119 |
23,410 |
35,930 |
+6% |
a) |
Includes royalties paid in kind in Colombia for approximately 1,115 bopd in 1Q2022. No royalties were paid in kind in Brazil, Chile, Argentina or Ecuador. Production in Ecuador is reported after the Government’s production share of approximately 100 bopd. |
b) |
1Q2022 average production in Argentina includes production until its divestment on January 31, 2022, divided by 90 days. |
c) |
Excluding production from recently divested blocks in Argentina in 1Q2022 and 1Q2021. |
Quarterly Production
(boepd) |
1Q2022 |
4Q2021 |
3Q2021 |
2Q2021 |
1Q2021 |
Colombia |
33,738 |
32,002 |
31,565 |
29,571 |
31,455 |
Chile |
2,279 |
2,162 |
2,354 |
2,584 |
2,491 |
Brazil |
1,815 |
1,822 |
1,791 |
2,080 |
1,984 |
Ecuador |
190 |
- |
- |
- |
- |
Argentina |
604 |
1,942 |
2,149 |
2,254 |
2,201 |
Total |
38,626 |
37,928 |
37,859 |
36,489 |
38,131 |
Oil |
34,442 |
33,205 |
32,844 |
30,962 |
32,877 |
Gas |
4,184 |
4,723 |
5,015 |
5,527 |
5,254 |
Oil and Gas Production Update
Consolidated:
Oil and gas production in 1Q2022 was 38,626 boepd. Adjusting for recent divestments in Argentina, consolidated oil and gas production increased by 6% compared to 1Q2021, due to higher production in Colombia and recent exploration successes in Ecuador, partially offset by lower production in Chile and Brazil.
Oil represented 89% and 86% of total reported production in 1Q2022 and 1Q2021, respectively.
Colombia:
Average net oil and gas production in Colombia increased by 7% to 33,738 boepd in 1Q2022 compared to 31,455 boepd in 1Q2021 resulting from increased production in the Llanos 34, CPO-5 and Platanillo blocks.
Oil and gas production highlights in main blocks in Colombia:
Ongoing Drilling Activities in the CPO-5 block
Strategic Acreage Expansion in Llanos basin
Chile:
Average net production in Chile decreased by 9% to 2,279 boepd in 1Q2022 compared to 2,491 boepd in 1Q2021, resulting from lower gas production due to limited drilling activities and the field’s natural decline. The production mix was 83% natural gas and 17% light oil in both 1Q2022 and 1Q2021.
During 1Q2022 drilling activity in the Fell block included the successful drilling of the Jauke Oeste 2 well, which is expected to be completed and tested in 2Q2022 after drilling of the Jauke 3 gas well.
Brazil:
Average net production in Brazil decreased by 9% to 1,815 boepd in 1Q2022 compared to 1,984 boepd in 1Q2021. The production mix was 99% natural gas and 1% oil and condensate in both 1Q2022 and 1Q2021.
Manati Gas Field Divestment Process Update
Ecuador:
The Perico block is currently producing approximately 2,000 bopd gross, or 1,000 bopd net from the recent Jandaya and Tui discoveries, before Government’s production share. Net production after the Government’s production share equals 650-700 bopd. The Government’s production share varies with the different oil prices and is approximately 30-40% with an Oriente crude oil price7 of $70-100 per bbl.
In 1Q2022 the average net oil production in Ecuador reached 290 bopd before the Government’s production share or 190 bopd after the Government’s share, with the quarter only partially reflecting production from recent Jandaya and Tui discoveries that took place in late January and late March 2022, respectively.
Perico block
During 1Q2022 the operator put on production two exploration wells, Jandaya 1 and Tui 1:
Espejo block
In the Espejo block, GeoPark is currently carrying out the acquisition of 60 sq km of 3D seismic, targeting to spud the first exploration well in 2H2022.
The Espejo and Perico blocks are attractive, low-risk exploration blocks located in the Sucumbios Province in the Oriente basin in northeastern Ecuador. The blocks are adjacent to multiple discoveries and producing fields and have access to existing infrastructure with spare capacity and a well-developed service industry.
Argentina:
Completion of the Divestment Process
2022 FREE CASH FLOW CALCULATION AND SENSITIVITIES TO DIFFERENT BRENT OIL PRICES
The table below provides sensitivities to different Brent oil prices using the 2022 base work program:
2022 Free Cash Flow8 |
$80-85 per bbl |
$95-100 per bbl |
(in millions of $) |
|
|
Operating Netback |
510-550 |
560-580 |
Adjusted EBITDA |
460-500 |
510-530 |
Cash Taxes |
(40-45) |
(40-45) |
Capital Expenditures |
(160-180) |
(160-180) |
Mandatory Debt Service Payments9 |
(38-42) |
(38-42) |
Free Cash Flow |
210-240 |
260-280 |
Free Cash Flow Yield (in %) |
24-28% |
30-32% |
Adjusted EBITDA is defined as profit for the period (determined as if IFRS 16 Leases has not been adopted), before net finance cost, income tax, depreciation, amortization, certain non-cash items such as impairments and write-offs of unsuccessful exploration efforts, accrual of share-based payment, unrealized result on commodity risk management contracts, geological and geophysical expenses allocated to capitalized projects, and other non-recurring events. Operating Netback is equivalent to Adjusted EBITDA before cash expenses included in Administrative, Geological and Geophysical and Other operating expenses.
Free cash flow is used here as Adjusted EBITDA less income tax paid included in cash flows from operating activities, less capital expenditures included in cash flows used in investing activities, less mandatory interest payments included in cash flows used in financing activities.
Free cash flow yield is calculated as free cash flow divided by GeoPark’s average market capitalization from January 3 to March 31, 2022.
OTHER NEWS
Reporting Date for 1Q2022 Results Release, Conference Call and Webcast
GeoPark will report its 1Q2022 financial results on Wednesday, May 11, 2022, after the market close.
In conjunction with the 1Q2022 results press release, GeoPark management will host a conference call on May 12, 2022, at 10:00 am (Eastern Daylight Time) to discuss the 1Q2022 financial results.
To listen to the call, participants can access the webcast located in the Investor Support section of the Company’s website at www.geo-park.com, or by clicking below:
https://event.on24.com/wcc/r/3738306/B98B6DEBD18BAB89024E05E5E5412500
Interested parties may participate in the conference call by dialing the numbers provided below:
United States Participants: 844-200-6205
International Participants: +1 929-526-1599
Passcode: 970790
Please allow extra time prior to the call to visit the website and download any streaming media software that might be required to listen to the webcast.
An archive of the webcast replay will be made available in the Investor Support section of the Company’s website at www.geo-park.com after the conclusion of the live call.
1 Based on current production in the Indico oil field compared to latest available information on Colombia’s oil production per field during December 2021 published by the ANH. |
2 Before the Government’s production share. |
3 Subject to final signature of the contract. |
4 Unaudited. |
5 Manati gas field divestment process was not completed before the March 31, 2022 deadline. |
6 Based on current production in the Indico oil field compared to latest available information on Colombia’s oil production per field during December 2021 published by the ANH. |
7 As of March 31 2021, the Oriente/Brent discount was $5.48/bbl. |
8 Brent oil price assumptions refer to April-December 2022 and consider a $3-4 Vasconia/Brent differential. Free cash flow excludes changes in working capital. |
9 Excluding potential and voluntary prepayments on existing financial debt. |
GLOSSARY
|
|
ANH |
Colombia’s National Agency of Hydrocarbons |
|
|
Operating netback |
Revenue, less production, and operating costs (net of accrual of stock options and stock awards), selling expenses and realized portion of commodity risk management contracts. Operating netback is equivalent to Adjusted EBITDA net of cash expenses included in Administrative, Geological and Geophysical and Other operating costs |
Bbl |
Barrel |
|
|
Boe |
Barrels of oil equivalent |
Boepd |
Barrels of oil equivalent per day |
Bopd |
Barrels of oil per day |
D&M |
DeGolyer and MacNaughton |
F&D costs |
Finding and development costs, calculated as capital expenditures divided by the applicable net reserves additions before changes in Future Development Capital |
Km |
Kilometers |
|
|
Mboe |
Thousand barrels of oil equivalent |
Mmbo |
Million barrels of oil |
Mmboe |
Million barrels of oil equivalent |
Mcfpd |
Thousand cubic feet per day |
Mmcfpd |
Million cubic feet per day |
Mm3/day |
Thousand cubic meters per day |
NPV10 |
Present value of estimated future oil and gas revenues, net of estimated direct expenses, discounted at an annual rate of 10% |
PRMS |
Petroleum Resources Management System |
|
|
Sq km |
Square Kilometer |
WI |
Working Interest |
|
|
W/O |
Without |
|
|
NOTICE
Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.
Rounding amounts and percentages: Certain amounts and percentages included in this press release have been rounded for ease of presentation. Percentage figures included in this press release have not in all cases been calculated based on such rounded figures but based on such amounts prior to rounding. For this reason, certain percentage amounts in this press release may vary from those obtained by performing the same calculations using the figures in the financial statements. In addition, certain other amounts that appear in this press release may not sum due to rounding.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of the forward- looking statements contained in this press release can be identified using forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations regarding various matters, including the expected production growth, expected schedule, economic recovery, payback timing, IRR, drilling activities, demand for oil and gas, oil and gas prices, capital expenditures plan, work program and investment guidelines, free cash flow yields, our dividend and share buyback programs, our deleveraging process, reserves and exploration resources. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors. Oil and gas production figures included in this release are stated before the effect of royalties paid in kind, consumption, and losses, except when specified.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them considering new information or future developments or to release publicly any revisions to these statements to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission.
Readers are cautioned that the exploration resources disclosed in this press release are not necessarily indicative of long-term performance or of ultimate recovery. Unrisked prospective resources are not risked for change of development or chance of discovery. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development. There is no certainty that any portion of the prospective resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Prospective resource volumes are presented as unrisked.
INVESTORS:
Stacy Steimel
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Shareholder Value Director
T: +562 2242 9600
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Diego Gully
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Investor Relations Director
T: +5411 4312 9400
MEDIA:
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DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Condition Monitoring Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component and Application" report has been added to ResearchAndMarkets.com's offering.
The wind turbine condition monitoring market is expected to reach US$ 594.23 million by 2028 from US$ 380.12 million in 2021; it is estimated to grow at a CAGR of 6.6% from 2021 to 2028.
The overall market has been segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa, and South and Central America. North America is a quick adopter of all the latest technological advancements. Leading countries in this region, such as the US, Canada, and Mexico, find wide applications of wind turbine condition monitoring systems in rotors, towers, generators, and gearboxes. Most of the nations in Asia Pacific are still in the developing stage and are not as developed as the countries in the west. However, with the growing disposable income, the need for continuous power supply is rising substantially in various developing economies, thereby driving the requirement for these monitoring systems. However, due to distinct rules, regulations, norms, and policies of different countries, trade barriers in this market act as a restraining factor.
Additionally, the need for green energy generation and government measures to promote renewable energy sources are propelling the wind turbine condition monitoring market growth in Europe. The trend for constructing offshore wind turbines is rising worldwide. Furthermore, some of the largest wind farms in the world are located in the UK, the Netherlands, Germany, Spain, and Italy, among others. In June 2019, Scotland's largest offshore wind farm - Beatrice Offshore Wind Farm, became fully operational.
This wind farm is one of the world's largest wind farms and is situated 13 kilometers (8.1 miles) off the coast of Caithness in Scotland. The rapidly growing renewable sector in the MEA region is enhancing the need for respective wind turbine condition monitoring components, such as accelerometers, pressure sensors, and rotational speed sensors. Thus, augmenting the wind turbine condition monitoring market growth. With the surge in the ease of doing business and the increase in initiatives, such as 'Make in India,' the country is becoming a lucrative place for producing wind turbine condition monitoring components for various international wind turbine condition monitoring market players.
The global wind turbine condition monitoring market is segmented on the basis of component and application. Based on component, the wind turbine condition monitoring market is segmented into hardware, software, and services. Based on application, the wind turbine condition monitoring market is segmented into rotor, tower, gearbox, generator, and others.
Europe has the highest number of offshore wind farms, contributing to about 70% of the global share. High number of wind farms augment the growth of wind turbine condition monitoring market. Countries, such as France, the UK, Germany, and the Nordic countries contribute substantially to the overall offshore wind farms in Europe. Further, the European Union has set an ambitious target of becoming carbon free by 2050.
Reasons to Buy
Market Dynamics
Drivers
Restraints
Opportunities
Future Trends
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/bklvrk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world’s largest independent owners of containerships, announced today that it has placed orders for four 7,200 TEU containerships. The vessels will be built at Daehan Shipbuilding in Korea and are expected to be delivered to Danaos in the first half of 2024.
The vessels will be methanol fuel ready, will come with open loop scrubbers and will be built in accordance with the latest requirements of the International Maritime Organization (IMO) in relation to Tier III emission standards and Energy Efficiency Design Index (EEDI) Phase III.
The Company’s CEO, Dr. John Coustas, commented:
“We are very pleased to announce the commissioning of four 7,200 TEU containerships. These vessels are at the forefront of new technology, come with the latest specifications on emissions requirements and are methanol ready. With this order Danaos continues to solidify its position as one of the major players in the containership market worldwide.
The current world developments are pointing out to significantly elevated fuel prices in the future and bearing in mind the uncertainty of green fuel availability we are following a strategy of investing into the most fuel-efficient vessels together with scrubbers that will minimize the fuel cost while maintaining the option to modify the vessels into green methanol use when the fuel will be available. This strategy removes the risk of technical obsolescence while it delivers short and medium term benefits on the fuel cost front. Further the midsize segment is the one which is most underbuilt, and replacement will be required. We will continue to work to maximize our profitability and secure more accretive transactions with a focus on creating value for our shareholders.”
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our fleet of 77 containerships aggregating 479,589 TEUs, which includes 6 containerships on order aggregating 43,000 TEU with scheduled deliveries in 2024, ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Our fleet is chartered to many of the world’s largest liner companies on fixed-rate charters. Danaos Corporation’s shares trade on the New York Stock Exchange under the symbol “DAC”.
Visit our website at www.danaos.com
Evangelos Chatzis
Chief Financial Officer
Danaos Corporation
Athens, Greece
Tel: +30 210 419 6480
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Iraklis Prokopakis
Senior Vice President & Chief Operating Officer
Danaos Corporation
Athens, Greece
Tel. +30 210 419 6400
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Investor Relations and Financial Media:
Rose & Company
New York
Tel. 212-359-2228
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DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Market, Update 2021 - Global Market Size, Competitive Landscape and Key Country Analysis to 2025" report has been added to ResearchAndMarkets.com's offering.
This report offers comprehensive information and understanding of the global wind turbine market. The report offers in-depth analysis of the wind turbine market at global, regional (Americas, Asia-Pacific, and Europe Middle East and Africa) and key countries (the US, Canada, Brazil, China, India, Australia, Germany, the UK, and Spain) level.
The report analyzes the wind turbine market value and capacity for the historical (2016-2020) and forecast (2021-2025) periods as well as global and country wise drivers and restraints affecting the market. The report also provides detailed information about key policies and regulations and the competitive landscape for global and key countries in 2020. Recent tenders and contracts in the wind turbine market along with upcoming key projects are also provided for each country. The report also outlines the profiles of major global wind turbine manufacturers.
The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by the publisher's team of industry experts.
Companies Mentioned
Scope
The report analyzes the wind turbine market. Its scope includes -
Reasons to Buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
Key Topics Covered:
1. Executive Summary
2. Introduction
3. Wind Turbines, Global
4. Wind Turbines, Americas
5. Wind Turbines, US
6. Wind Turbines, Canada
7. Wind Turbines, Brazil
8. Wind Turbines, Asia-Pacific
9. Wind Turbines, China
10. Wind Turbines, India
11. Wind Turbines, Australia
12. Wind Turbines, Europe, Middle East and Africa (EMEA)
13. Wind Turbines, Germany
14. Wind Turbines, UK
15. Wind Turbines, Spain
16. Wind Turbines, Major Company Profiles
17. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/hxzfcc
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Kicking off this week with a public art installation at the Franklin Park Zoo, the three-month campaign will draw public attention to climate change through coordinated events, public art installations and programs at over a dozen of Greater Boston’s cultural institutions
BOSTON--(BUSINESS WIRE)--The Boston Green Ribbon Commission (GRC) has joined with the City of Boston and nearly 40 of Boston’s top cultural institutions to unveil Action Pact 2022, a first-of-its-kind public awareness campaign that will engage, educate and draw attention to the pressing issue of climate change. Kicking off this week with a public art installation at the Franklin Park Zoo, the Action Pact campaign – entitled ‘Ready, Resilient, Reinvented’ – will offer climate themed programming of all kinds over the next three months (April 1, 2022 to June 30, 2022) to the public including events, additional public art installations and coordinated programming at more than a dozen of Boston’s world-class arts, educational, sports and entertainment organizations.
“In this closing window of time to act, Boston must lead by taking every possible step to prepare for and mitigate the effects of the climate crisis," said Boston Mayor Michelle Wu. "I am grateful to the Green Ribbon Commission and Boston's cultural institutions for collectively supporting this Action Pact and our efforts to become a more resilient and just community."
The City of Boston aims to be carbon neutral by 2050, as well as increase resilience to climate threats including extreme weather, heat and sea level rise. To support these efforts, the Green Ribbon Commission, the Museum of Science, the New England Aquarium, the Boston Red Sox, the Museum of Fine Arts and 40 of Boston’s top cultural institutions formed a partnership that has served as the genesis for the Action Pact Boston campaign. With the goal of becoming an annual event, Action Pact seeks to capture the public’s attention around a vision of a future Boston that is carbon-free, climate-ready, equitable and innovative.
“We are incredibly excited to launch Action Pact in collaboration with our partners across the city and with Boston’s leading cultural institutions,” said Amy Longsworth, Executive Director of the Boston Green Ribbon Commission. “Along with our dedicated partners, we envision Action Pact becoming an annual event that will harness the power of arts and culture to open people’s minds and help people see things in powerful new ways. Our goal is to harness that power and encourage a sustained focus on visioning and achieving a climate-safe future.”
The inaugural theme – Ready, Resilient, Reinvented – of the 2022 Action Pact campaign embraces a wide range of connections and entry points to Boston’s climate challenges, including the need to learn from our past, mobilize our collective energies and imagine a future worth striving for by taking productive action that truly matters.
“The climate crisis we face requires a collective response like that of Action Pact,” said Tim Ritchie, President of the Museum of Science. “We are proud to be a founding member of this important assembly of cultural institutions in Boston, to educate our community on climate solutions. Together with our civic and cultural partners, we can inspire millions of people on the many ways – big and small – we can make long-lasting change.”
“With millions of fans coming through our gates each season, our organization has put considerable thought and effort into working to offset the environmental impact of operating a 110-year-old ballpark,” said Jon Lister, Vice President of Facilities Management at the Boston Red Sox. “Beginning in 2008 with solar panels, and more recently with the installation of a rooftop garden to grow fresh produce for ballpark kitchens, to fully offsetting our electrical consumption, the greening of Fenway Park has been ongoing. The Action Pact initiative allows us to continue to share our efforts on climate action while engaging a wider audience.”
The Action Pact 2022 campaign will include the following components over the next three months:
About the Boston Green Ribbon Commission
The mission of the Green Ribbon Commission is to accelerate the implementation of the City’s Climate Action Plan by convening, organizing, and enabling leaders from Boston’s key sectors. The City of Boston is committed to achieving net zero carbon energy sources by 2050, even as the city grows. The GRC provides a forum for representatives of the private sector and the City to discuss, plan and act on the opportunities, challenges, ideas, and requirements of preparing Boston to meet the imperatives of climate change. To learn more, visit www.greenribboncommission.org or follow us on Twitter.
About Action Pact
Action Pact is a consortium of arts, science, history, sports and entertainment organizations committed to leadership on climate action through creativity, education and facility energy efficiency and resilience. Arts and culture have the power to open people’s minds and help people see things in new ways. The goal of Action Pact is to harness that power and encourage a sustained, culturally-based focus on visioning and achieving a climate-safe future. Action Pact is a partnership between the Boston Green Ribbon Commission, the City of Boston, and over 40 of Boston’s world-class cultural institutions. To learn more, visit https://www.actionpact.boston.
Media:
Claire Belanger
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