Founder and CEO Scott Mercer to Step Down Following Transition Period

Independent Directors Kathy Savitt and Vince Cubbage Named Co-Chairs of the Board

SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (NYSE: VLTA) announced today that Founder Scott Mercer has resigned as Chief Executive Officer. He will continue in that role for a transitional period and will serve as an advisor to the Board through March 31, 2023 and assist the Board in a search for a new CEO.

Scott Mercer is also resigning from the Board, effective immediately. The Board has appointed independent directors Vince Cubbage and Kathy Savitt as the Board’s Co-Chairs, and is committed to keeping the CEO and Board Chair roles separate going forward. Co-Founder and President Chris Wendel has also resigned from the company and the Board, effective immediately. As part of the transition, both Scott Mercer and Chris Wendel are converting their existing Class B share holdings and equity awards to Class A stock.

Scott Mercer, Founder and departing CEO, said, “I am incredibly proud of Volta and what this team has achieved so far, and I am truly excited for its next phase of growth as the industry accelerates and matures. Volta was started with the ambition to be the best business model in the EV charging space, and now the company’s focus needs to turn to scaled, public-market-facing growth.”

“Since Volta was founded 12 years ago, it has created an entirely new industry as well as an unparalleled experience for both customers and drivers,” said Vince Cubbage, Co-Chair of the Board. “With Volta’s listing as a public company last August, the Board and Founders mutually determined that now is the right time to identify new leadership with experience in managing public companies to serve the best interests of stakeholders and unlock the company’s full value potential.”

“The Board believes firmly that Volta is a great company with strong fundamentals, and is well-positioned to capitalize on the enormous opportunity before it,” said Kathy Savitt, Co-Chair of the Board. “We look forward to a smooth transition as Volta’s talented executive leadership team executes on the company’s strategic plan to build the fueling infrastructure of the future.”

About Volta Charging

Volta Inc. (NYSE: VLTA) is the industry leader in commerce-centric EV charging networks. Volta’s vision is to build charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop, and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands, and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the EV charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Registration Statement on Form S-1, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

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The new solar facility will support Meta’s regional operations and represents partners’ shared vision for a cleaner future

NASHVILLE, Tenn.--(BUSINESS WIRE)--The Tennessee Valley Authority, Meta (formerly the Facebook company), Jackson Energy Authority (JEA), and Silicon Ranch broke ground on a new 70-megawatt (MW_AC) solar facility in Madison County, Tennessee. The McKellar Solar Farm will help support Meta’s regional operations with 100% renewable energy.

Originally announced in August 2020, the McKellar facility is part of TVA’s Green Invest program, which helps customers such as Meta meet their long-term sustainability goals with new utility-scale solar projects located within the Valley.

“TVA is the nexus for reliable, economical renewable energy solutions, and we have already committed $3 billion to bring more than 2,000 MW of new solar to the Valley since 2018,” said Doug Perry, TVA Senior Vice President, Commercial Energy Solutions. “This public-private partnership with Meta and Silicon Ranch demonstrates the strength of TVA’s community energy model to attract capital investment and high-quality jobs into the communities we serve while helping businesses meet their sustainability goals."

Nashville-based Silicon Ranch will fund, own, operate, and maintain the McKellar Solar Farm, a disciplined approach the company takes with every project it develops. Silicon Ranch expects to invest upwards of $90 million to construct the facility, and the project will contribute millions of dollars more in property taxes, which benefit all Madison County residents by supporting local government services and the local school system. As part of its commitment to the communities where it sites solar projects, Silicon Ranch plans to support additional educational outreach opportunities to help teach students about the role projects like the McKellar Solar Farm play in the energy transition.

SR EPC, LLC (SR EPC), a wholly-owned Silicon Ranch subsidiary, is the prime contractor for the project. SR EPC engaged PCL Construction as the subcontractor for the PV plant and EPC Services Company as the subcontractor for the substation. “Solar energy plays a critical role in our pathway to a more sustainable future. PLC is excited to leverage its experience in building over 50 utility-scale projects, to construct the McKellar solar facility,” said Brad Hise, PCL’s Solar Operations Manager.

Construction of the solar facility will create more than 350 construction jobs, with preference given to the local labor pool and the military veteran community. The solar farm will also provide additional employment for ongoing operations and maintenance, including ranchers and farmers to care for the land as part of Silicon Ranch’s Regenerative Energy® holistic approach to land management.

“At Silicon Ranch we believe that solar projects can create enduring value and deliver a meaningful legacy for communities, and we thank TVA, Meta, JEA, and the Jackson Chamber for making this significant investment in Madison County possible,” said Silicon Ranch Co-Founder and CEO Reagan Farr. “Silicon Ranch has been proud to partner with Meta to supply renewable energy to its data center operations in Georgia, and we’re honored to support Meta’s operations right here in the Tennessee Valley. McKellar Solar Farm is yet another innovative, customer-driven renewable energy solution made possible through TVA’s meaningful leadership in our home region.”

“We are thrilled to be partnering with TVA and Silicon Ranch to bring this new solar facility to the grid in support of our operations in the Tennessee Valley,” said Urvi Parekh, head of Renewable Energy at Meta. “The more than 850 megawatts of new solar energy we are developing with TVA is an important part of our goal to support our global operations with 100% renewable energy. We thank our partners Silicon Ranch and TVA for sharing our commitment to have a positive impact on the communities where we locate.”

Construction of the facility is expected to be completed before the end of 2022, with interconnection to the TVA grid facilitated by the JEA distribution system.

“This solar farm is the largest project to date in JEA’s service territory, reflecting our commitment to providing sustainable, reliable, and affordable power in the Tennessee Valley,” said Jim Ferrell, President and CEO of Jackson Energy Authority. “We are proud to partner with Meta, TVA, and Silicon Ranch to supply carbon-free solar power for many years to come.”

This year, nearly 60% of TVA’s electricity is from carbon-free generation. To meet the region’s renewable energy needs and lower Valley carbon, TVA plans to add 10,000 MW of solar by 2035. The additional solar will help TVA reach 70% carbon reduction by 2030, about 80% reduction by 2035, and an aspirational target of net-zero carbon emissions by 2050.

The McKellar Solar Farm will integrate Silicon Ranch’s transformative Regenerative Energy® model, a holistic approach to design, construction, and operations that co-locates renewable energy production with regenerative agriculture practices. The innovative platform delivers valuable environmental, social, and economic outcomes above and beyond the significant positive impacts a solar facility alone can generate, creating additional value for the surrounding communities and project stakeholders. Through managed sheep grazing using regenerative pastureland management practices, Silicon Ranch restores the land housing each array to a functioning grassland ecosystem, while keeping each site in agricultural production.

About Tennessee Valley Authority (TVA)

The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power distributors serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system, and assists local power companies and state and local governments with economic development and job creation.

About Silicon Ranch Corporation

Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than four gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. To learn more, visit siliconranch.com and regenerativeenergy.org and follow on Facebook, Instagram, Twitter, and LinkedIn.

About JEA

Jackson Energy Authority is one of very few public utilities in the nation offering all major utility and telecommunications services from one provider. As a customer-owned utility, and home to Tennessee’s first state-of-the-art, community-owned fiber-to-the-home network, Jackson Energy Authority provides electric, gas, propane, water, wastewater, cable tv, Internet and telephone services to thousands of customers in Jackson, TN and parts of Madison County. Known for its unmatched customer service and commitment to community, the Authority maintains a mission of creating value for its customers and helping improve the quality of life in the community it serves. To learn more, visit www.jaxenergy.com, www.eplusbroadband.com and by following Jackson Energy Authority on Facebook and Twitter.

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Tennessee Valley Authority
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TVA Public Relations, Knoxville, 865-632-6000
www.tva.com/news

• Q4 revenue up 714% versus prior year to $2.9 million, on increased customer demand for fuel cell components, and, fuel cell systems from UltraCell (now Advent LLC), SerEnergy (now Advent Technologies A/S), SerEnergy Philippines, Inc. (now Advent Green Energy Philippines, Inc.), and fischer eco solutions (now Advent Technologies GmbH). The Company also collected $3.0 million from SerEnergy customers during Q4 related to pre-acquisition revenue. 
• Full year 2021 revenue of $7.1 million; on a pro forma basis as if SerEnergy and fischer eco solutions had been acquired at the beginning of the year, 2021 revenue would have been $16.0 million.
• Net loss in Q4 of $(9.0) million or $(0.18) per share.
• Company holds cash reserves of $79.8 million as of December 31, 2021.

BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology space, today announced consolidated financial results for the three months ended December 31, 2021. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).

Q4 2021 Financial Highlights

(all comparisons are to Q4 2020, unless otherwise stated)

• Revenue of $2.9 million, a 714% year-over-year increase, the result of increased customer demand for Advent’s products across the board and through the acquisitions of UltraCell, SerEnergy, SerEnergy Philippines, Inc. and fischer eco solutions.
• Operating expenses of $16.3 million, a year-over-year increase of $14.4 million, primarily due to costs related to the accelerated growth of the Company from the acquired businesses; increased staffing and costs to operate as a public company; higher R&D costs; and incentive and stock-based compensation expenses.
• Net loss was $(9.0) million, and adjusted net loss was $(15.9) million. Adjusted net loss excludes a $6.9 million gain from the change in the fair value of outstanding warrants.
• Net loss per share was $(0.18).
• Cash reserves were $79.8 million as of December 31, 2021, a decrease of $12.7 million from September 30, 2021, driven by the increased level of R&D and administrative and selling expenses.

“This solid revenue growth versus the prior year authenticates our business model, while the consolidation of the operations of UltraCell, SerEnergy, SerEnergy Philippines and fischer eco solutions has accelerated our growth and focus across the value chain from fuel cell components to fuel cell systems,” said Dr. Vasilis Gregoriou, Chairman and CEO of Advent Technologies. “We are seeing strong demand for our products across the portable and stationary off-grid power markets and remain confident that we are on a firm path for growth as we deliver efficient solutions for clean energy and decarbonization to a variety of end markets. Our product pipeline is increasing month on month, and this will be reflected in future sales as we convert this pipeline to final supply contracts.”

Q4 2021 Financial Summary

For a more detailed discussion of Advent’s fourth quarter 2021 results, please see the Company’s financial statements and management’s discussion & analysis, which are available at ir.advent.energy.

The financial results include non-GAAP financial measures. These non-GAAP measures are more fully described and are reconciled from the respective measures determined under GAAP in “Presentation of Non-GAAP Financial Measures” and the attached appendix tables.

Q4 2021 Business Updates:

Rapid Integration of SerEnergy: On October 7, 2021, Advent announced that a new order was placed in September 2021 for Advent’s “SereneU” 5kW fuel cells to roll-out in the Asian market. The new fuel cell stacks and reformers are intended to support internal testing set-ups to evaluate performance and to showcase results with Thai telecom operators. Advent Technologies A/S has been a partner of Thailand-based Alright Combination Centric Co., Ltd. (“ALCC”) since 2017. ALCC is a product distributor and service provider to Thailand’s ICT industry. Advent’s 5kW fuel cell will address the multi-million USD telecom sector in Thailand as well as support ALCC’s government projects for microgrids on remote islands and for back-up at the Marine Security Center of the Royal Thai Navy. Advent SereneU fuel cells are 4th generation fuel cells, which provide customers a lifetime extension to minimize maintenance and leverage profitability. This new generation introduces advantages, including longer lifetime, less service and maintenance fees, and improved total cost of ownership. The product upgrade places Advent fuel cells in a pivotal position to respond to an increasing global demand for sustainable energy. Additional benefits of SereneU include an increase in overall lifetime by more than 30% from the 3rd generation fuel cells; embedded unit swap technology that secures zero or short downtime during power failures; and, a wider temperature operation from -20°C to 50°C, reinforcing climate resilience.

Smart Communications Inc.: In October 2021, Advent announced that with its partner, Smart Communications Inc. (”Smart”), the Company successfully completed the first installation of its HG 5000 fuel cell systems across the Philippines. The delivery agreement was made earlier in 2021 between Smart in the Philippines and Advent Technologies A/S in Denmark. Smart’s partnership with Advent follows its commitment to the United Nations Race to Zero Campaign with the GSM Association, as a member of the trade alliance’s Climate Action Task Force. The movement of the global industry of mobile network operators highlights its broad-based commitment to zero emissions from all stakeholders. Race to Zero is a global campaign that aims to mobilize leadership and support from businesses, cities, regions, and investors for net zero carbon emissions by 2050. As the wireless arm of the Philippines’ largest fully integrated telecommunications company, PLDT Inc., Smart’s shift to green energy follows the announcement of the Philippines Department of Energy in Q4 2020 that the government will no longer accept proposals to build new coal power plants, from the new Energy Conservation and Efficiency Act signed into law in 2019. These significant policy shifts support the deployment of cleaner energy sources to help ensure more sustainable growth for the country.

Advent and BASF New Business GmbH (“BASF”) signed a Memorandum of Understanding (“MoU”): On December 13, 2021, it was announced that the MoU aims to develop and increase the manufacturing scale of advanced fuel cell membranes designed for long-term operations under extreme conditions. BASF intends to improve the long-term stability of its Celtec® membrane and to increase production capacity with advanced technical capabilities to enable further improved and competitive Advent fuel cell systems and membrane electrode assembly (“MEA”). Under the agreement the two companies will explore the implementation of high-volume manufacturing for the Celtec® membranes, utilize Advent’s fuel cell stack and system testing facilities to assess and qualify the new Celtec® membrane for the SereneU (telecom power), M-ZERØ (methane emissions reduction), and Honey Badger (portable power, defense) Advent product families. Furthermore, BASF supports the realization of large-scale Important Projects of Common European Interests (“IPCEIs”) White Dragon and Green HiPo (pending EU approval), through materials for power generation, hydrogen generation, and power storage. The goal of the two projects as submitted by Advent and the White Dragon consortium of companies is to replace Greece’s largest coal-fired power plants with renewable solar energy parks, which will be supported by CO₂-free hydrogen production (4.65GW), and fuel cell heat and power production (400MW). In addition, BASF will also evaluate the producibility of the ion-pair membrane developed in collaboration by Advent and the U.S. Department of Energy. Advent has substantial experience in the development of high-temperature PEM fuel cell systems namely for stationary and portable applications as well as critical components such as MEAs and Gas Diffusion Electrodes (“GDEs”). Advent is working to increase the performance and scope of its products to satisfy the requirements of its customers and to address new applications. BASF has substantial experience in the manufacturing and development of proton-conducting membranes, GDEs, HT-PEM MEAs and the pertinent chemicals, catalysts, and compositions for their application in hydrogen separation and fuel cells. BASF is constantly improving the quality, robustness and performance of its products to support growth in fuel cell systems applications.

Advent Fuel Cell for the Maritime Sector: On December 20, 2021, Advent announced that its fuel cell unit for the Maritime Sector, developed within the framework of the RiverCell Consortium, had passed safety testing, as well as a safety assessment completed by DNV, one of the world’s leading classification societies. RiverCell, a demonstration project supported by a consortium of partners, was initiated in 2015. Funded by Germany’s Federal Ministry for Digital and Transport and led by Meyer Werft, it consists of a range of experienced partners throughout the maritime sector, including DNV, HADAG, Helm Proman Methanol, Neptun Werft, Pella Sietas, Technische Universität Berlin, Viking River Technical Cruises, and Advent. The project is dedicated to the design and development of a fuel cell hybrid system for inland vessels, and its realization has provided valuable insights in terms of the suitability, practical use, and economic efficiency of hybrid powertrains. In addition to cutting greenhouse gas emissions, the hybrid concept – featuring energy storage combined with sustainable fuel cell-powered energy production – demonstrated an increase to both safety and efficiency in shipping. As part of the demonstration, a section of a river cruise vessel was set up on dryland at Neptun Werft, in Rostock, Germany. There, the prototype of Advent’s SereneU marine fuel cell unit was successfully integrated into a modern hybrid DC electric energy grid, which was equipped with all relevant ship systems, including battery storage as well as a conventional diesel genset. With current regulations still based on the traditional use of diesel-powered energy sources, another core objective of the demonstrations has been to encourage the development of new global regulatory frameworks for the shipping sector, thus paving the way for future use of sustainable technologies.

Dr. Gregoriou concluded, “We continue to build on the strength of our business with a focus to expand and to grow strategic initiatives. In 2022, we will further consolidate the acquired businesses to maximize efficiency and effectiveness throughout our global operations. The White Dragon and Green HiPo projects are progressing and we believe that, if approved, they will have a significant impact on the implementation of green energy in southeastern Europe, thus shifting the reliability away from the sources of traditional fuels. The acquisitions we completed during 2021 have expanded our growing revenue base in full fuel cell stacks and systems and position Advent with the expertise to be a leader in clean energy production. I am confident in the potential for Advent and our technologies, and very optimistic that we will continue to increase market share as the world moves towards clean energy and decarbonization.”

Conference Call

The Company will host a conference call on Monday, March 28, 2022, at 9:00 AM ET to discuss its results.

To access the call please dial (844) 200-6205 from the United States, or (929) 526-1599 from outside the U.S. The conference call I.D. number is 442422. Participants should dial in 5 to 10 minutes before the scheduled time.

A replay of the call can also be accessed via phone through April 11, 2022, by dialing (866) 813-9403 from the U.S., or (204) 525-0658 from outside the U.S. The conference I.D. number is 661424.

About Advent Technologies Holdings, Inc.

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

Cautionary Note Regarding Forward-Looking Statements

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

Presentation of Non-GAAP Financial Measures

In addition to the results provided in accordance with U.S. GAAP throughout this press release, the Company has provided non-GAAP financial measures— Adjusted Net Income /(Loss) and Adjusted EBITDA —which present results on a basis adjusted for certain items. The Company uses these non-GAAP financial measures for business planning purposes and in measuring its performance relative to that of its competitors. The Company believes that these non-GAAP financial measures are useful financial metrics to assess its operating performance from period-to-period by excluding certain items that the Company believes are not representative of its core business. These non-GAAP financial measures are not intended to replace, and should not be considered superior to, the presentation of the Company’s financial results in accordance with GAAP. The use of the terms Adjusted Net Income / (Loss) and Adjusted EBITDA may differ from similar measures reported by other companies and may not be comparable to other similarly titled measures. These measures are reconciled from the respective measures under GAAP in the appendix below.

Supplemental Non-GAAP Measures and Reconciliations

In addition to providing measures prepared in accordance with GAAP, we present certain supplemental non-GAAP measures. These measures are EBITDA, Adjusted EBITDA and Adjusted Net Income / (Loss), which we use to evaluate our operating performance, for business planning purposes and to measure our performance relative to that of our peers. These non-GAAP measures do not have any standardized meaning prescribed by GAAP and therefore may differ from similar measures presented by other companies and may not be comparable to other similarly titled measures. We believe these measures are useful in evaluating the operating performance of the Company’s ongoing business. These measures should be considered in addition to, and not as a substitute for net income, operating expense and income, cash flows and other measures of financial performance and liquidity reported in accordance with GAAP.

Advent Technologies Holdings, Inc.

Naiem Hussain
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Chris Kaskavelis
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HOUSTON--(BUSINESS WIRE)--#FracLabs--AWC Frac Technology jumpstarts 2022 by acquiring hardfacing and hard surfacing specialist company Regate Technology, Inc., based in Plantersville, Texas.

With the acquisition of Regate, AWC expands its capabilities by offering high-pressure HVOF coating, sprayweld, vacuum fusing, and heat treatment. Regate has been in business for over 22 years and is considered a leader in this space.

Joe DeGeare, CEO, stated that, “One of AWC’s main goals was to continue enhancing its aftermarket services by becoming a full one-stop-shop for our customer base while helping customers lower costs and operate more efficiently.”

AWC is driven to provide cutting-edge solutions to the frac market – and with the rollout of their new S-360 Large-Bore Frac Valve, Remote Hydraulic Units, Hydraulic Power Stands, and Accumulators, they are furthering their commitment to do so. AWC has plans to launch new products and initiatives later this year and beyond, so stay tuned for additional information.

To learn more, please contact your local AWC Frac Technology performance advisor.

Joe DeGeare, 936-760-3431
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DUBLIN--(BUSINESS WIRE)--The "Global Solar Street Lighting Market, By Type, By Component, By Application, Estimation & Forecast, 2017 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global solar street lighting market held a market value of USD 3,972 million in 2021 and is estimated to reach USD 15,716.4 million by the year 2030. The market is projected to list a CAGR of 17.12% during the forecast period.

The solar street lighting industry is projected to grow at a substantial rate owing to the increasing focus on smart city building, rising inclination towards solar energy and other green and clean energy initiatives, and the rising support from government and non-government agencies.

Growth Influencers:

Increasing urbanization

The growing popularity of usage of smart solar street lights in urban areas is promoting the growth of the solar street lighting market. The rising urbanization in the countries across the world require energy efficient tools, such as solar energy panels. The solar energy powered street lights provide quick fault detection and real-time control decisions. Moreover, the solar street lights are a reliable part of smart city projects and are in high demand in the developing countries.

Rising focus on solar energy

Especially in remote areas, solar energy generation tools are being a reliable source. The minimal maintenance and low comparative operational cost promotes the use of solar street lighting in many developing, underdeveloped, as well as developed regions across the world.

The global solar street lighting market report answers questions such as:

• What is the market size and forecast of the global solar street lighting market?
• What are the inhibiting factors and impact of COVID-19 on the global solar street lighting market during the assessment period?
• Which are the types/segments/applications/areas to invest in over the assessment period in the global solar street lighting market?
• What is the competitive strategic window for opportunities in the global solar street lighting market?
• What are the technology trends and regulatory frameworks in the global solar street lighting market?
• What is the market share of the leading players in the global solar street lighting market?
• What modes and strategic moves are considered favorable for entering the global solar street lighting market?

Segments Overview:

The global solar street lighting market is segmented into type, component, and application.

By Type

• Portable
• Standalone
• Centralized
• Others

The standalone segment held the largest market share of nearly 49% and is expected to grow at a steady rate owing to its growing adoption. The centralized segment volume is estimated to cross 400 million units by 2028.

By Component

• Controller
• Lamp
• Compact fluorescent light (CFL)
• Light-emitting diode (LED)
• Metal halide
• Sodium vapor
• Others
• Solar Panel
• Sensors
• Night & Motion Sensors
• Passive Infrared (PIR) Sensors
• Battery
• Lead acid
• Lithium-Ion
• Others

On the basis of lamp sub-segment, the LED segment value is projected to cross USD 650 million in 2023 and hit USD 2,293.6 million by 2030. Moreover, the battery segment is estimated to grow at a CAGR of 15.2% during the forecast period.

By Application

• Parking Lot
• Highway and Roadway
• Airport Runway
• Manufacturing Site
• Playgrounds
• Garden
• Others

The parking lot segment volume is anticipated to cross 150 million tons by 2025 owing to the rising applications of solar street lights in parking lot spaces. The playgrounds market value is projected to be nearly 76% of airport runway market size in 2021 and is predicted to grow till 80% in 2030.

Regional Overview

By region, the global solar street lighting market is divided into Asia Pacific, Europe, North America, Middle East & Africa, and South America.

The Asia Pacific region is expected to hold the largest market share with a growth rate of more than 18% owing to the rising strategic developments by the companies operating in the marketspace.

The European region is anticipated to grow at a steady rate owing to the rising awareness regarding solar energy generation alternatives. Moreover, the North American region is also expected to grow at a substantial rate. The Middle East and African solar street lighting market volume is expected to cross 45 million units by 2030.

Companies Mentioned

• Acuity Brands, Inc.
• Bajaj Electricals Ltd.
• Bridgelux Inc.
• Cooper Lighting, LLC
• Dragons Breath Solar
• Jiangsu SOKOYO Solar Lighting Co., Ltd.
• Omega Solar
• Philips Lighting Holding B.V.
• Signify Holding BV
• Sol Inc.
• Solar Street Lights USA
• Solektra International LLC
• Sunna Design
• Urja Global Ltd.
• VerySol Inc.

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Recreational Boating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global recreational boating market reached a value of US$ 21.3 Billion in 2021. Looking forward, the market to reach US$ 28.8 Billion by 2027, exhibiting at a CAGR of 5.57% during 2022-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Recreational Boating Market Trends:

Significant expansion of the watersports tourism industry around the world represents one of the key factors propelling the growth of the market.

Apart from this, rising attraction towards outdoor recreational activities and watersports, especially among millennial and post-millennial populations, is positively influencing the market. This can also be accredited to a wide range of diversified advantages associated with recreational activities, which include reducing stress, developing personal growth, enhancing life satisfaction, and improving physical health, self-esteem, and self-reliance.

In addition, leading market players are introducing electric personel boats for clean and silent recreational activities. They are also investing in land-based private islands that enable cruise lines to provide customers with exclusive beach time as an extension of the onboard experience.

This, along with several technological advancements in boats and engines to provide a safe and pleasant experience to individuals worldwide, is creating a favorable market. Besides this, there is a rise in the popularity of sport fishing and motorized watersports, such as sailing, jet-skiing, and yachting activities, across the globe. This, in confluence with the increasing initiatives undertaken by governing agencies of various countries to promote water sports, is projected to drive the market.

Key Questions Answered in This Report:

• How has the global recreational boating market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global recreational boating market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the activity type?
• What is the breakup of the market based on the material type?
• What is the breakup of the market based on the size?
• What is the breakup of the market based on the power source?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global recreational boating market and who are the key players?
• What is the degree of competition in the industry?

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

• Baja Bound Insurance Services Inc.
• Brunswick Corporation
• Catalina Yachts
• Chaparral Boats Inc. (Marine Products Corporation)
• Edenton Boatworks LLC
• Grady-White Boats Inc.
• Hobie CAT Company
• MasterCraft Boat Holdings Inc.
• Maverick Boat Group Inc. (Malibu Boats)
• Polaris Inc.
• White River Marine Group (Bass Pro Shops)
• Yamaha Motor Company Limited

Key Market Segmentation:

Breakup by Product Type:

• Inboard Boats
• Outboard Boats
• Inflatable
• Sail Boats
• Personal Watercrafts

Breakup by Activity Type:

• Watersports and Cruising
• Fishing

Breakup by Material Type:

• Aluminum
• Fiberglass
• Wood
• Others

Breakup by Size:

• Less Than 30 Ft
• 30 to 59 Ft
• 60 to 79 Ft
• 80 to 99 Ft
• More Than 100 Ft
• Full Custom

Breakup by Power Source:

• Engine Powered
• Human Powered
• Sail Propelled

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Latin America
• Brazil
• Mexico
• Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/5inzj4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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THE WOODLANDS, Texas--(BUSINESS WIRE)--The Clean Canaveral, a new liquefied natural gas (LNG) bunker barge operating along the coast of the southeastern United States, recently completed its inaugural bunkering in Jacksonville, Florida. The Clean Canaveral has a capacity of 5,500 cubic meters, making it the largest Jones Act LNG bunker barge. The vessel operates as an articulated tug barge unit (“ATB”) and is owned by Polaris New Energy LLC (“Polaris”), a subsidiary of Seaside LNG Holdings (“Seaside”).

This operation marks the first barge-to-ship cool down performed in the United States. As part of the operation, LNG was loaded onto the Clean Canaveral at the Jacksonville dock of JAX LNG, a joint venture between Seaside subsidiary Northstar Jacksonville and Pivotal LNG, a subsidiary of BHE GT&S. The Clean Canaveral then transferred approximately 600 metric tons of LNG to cool-down and bunker the tanker “Eagle Brasilia,” owned by AET.

“As expected, the Clean Canaveral performed very well during the bunkering process. The McAllister Towing crew operating the ATB, our vendors, regulatory agencies, JAXPORT and Polaris worked seamlessly together to ensure we were prepared for a successful bunkering,” said Tom Sullivan, Senior Vice President of Operations for Seaside. “In addition, the working relationship between AET, its ship-manager, Eaglestar, and the crew on the ATB was key to the safe transfer of LNG. We greatly appreciate AET’s confidence in our ability to safely conduct this inaugural bunkering.”

Tim Casey, Senior Vice President of LNG for Seaside said, “It’s rewarding to see the Clean Canaveral accomplish this step as it represents the culmination of years of hard work by many people. We have additional bunker deliveries already scheduled for later this month and are actively growing our customer base to supply much needed last mile logistics services.”

Mac Hummel, Chief Executive Officer of Seaside added, “We’re excited to help lead the maritime industry’s transition to a lower carbon future. The environmental benefits of LNG as a next generation fuel for our maritime customers are well established. I thank Tom and Tim for their leadership in making the physical deliveries of LNG via the Clean Canaveral a success.”

Roger Williams, VP Commercial LNG and Gas Development at BHE GT&S added, “With the addition of the Clean Canaveral, JAX LNG will be able to significantly increase the deliverability of LNG from our facility to the maritime industry in the southeastern United States.”

“AET has invested in dual-fuel shipping,” said John Lindquist, GAC Bunker Fuels’ Head of LNG Bunkering. “With their support, GAC demonstrates our journey to decarbonization with LNG, upholding our commitment to zero oil-based bunker sales by 1 January 2030 and fulfilling our goals, which are aligned to the UN Sustainable Development Goals (SDGs) and the Getting to Zero Coalition. We thank JAX LNG, Polaris New Energy and its partners for executing a safe operation, while we explore more ways to serve the United States southeast region with the Clean Canaveral.”

About Polaris New Energy
Polaris is a wholly owned subsidiary of Seaside LNG Holdings LLC, formed to supply maritime transportation logistics in the U.S. Jones Act market for LNG as a fuel to the maritime, aerospace and transportation industries. Polaris owns the Clean Canaveral and the tug, Polaris, which operate as an ATB for delivery to LNG customers. For more information, visit polarisnewenergy.com.

About Seaside LNG Holdings
Seaside Holdings LLC provides LNG liquefaction and maritime transportation logistics to meet the growing demand for LNG as a transportation fuel through its subsidiaries Northstar Jacksonville and Polaris New Energy.

About JAX LNG
JAX LNG, LLC is a joint venture between NorthStar Jacksonville and Pivotal LNG – a subsidiary of BHE GT&S, a Berkshire Hathaway Energy company – operating a 120,000 gallon per day LNG plant with 2 million gallons of storage, marine and truck-loading capabilities in Jacksonville, FL. An expansion of the facility is nearing completion that will double storage and triple liquefaction capacity by early 2022. The LNG facility was constructed to bring liquefied natural gas to the southeastern U.S. and Puerto Rico. For more information on JAX LNG, visit www.jaxlng.com.

Tim Casey
(713) 244-5992
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CENTRAL ISLIP, N.Y.--(BUSINESS WIRE)--CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition systems, announced today that it will release its 2021 fourth quarter and year end results after markets close on Thursday March 31, 2022. CVD Management will hold a conference call to discuss its results at 5:30 pm (Eastern Time) that day.

To participate in the live conference call, please dial toll free (877) 407-2991 or International (201) 389-0925. A telephone replay will be available for 7 days. To access the replay, dial (877) 660-6853 or international (201) 612-7415. The replay passcode is 13728107.

A live and archived webcast of the call will also be available on the company's website at www.cvdequipment.com/events. The archived webcast will be available at the same location approximately two hours following the end of the live event.

About CVD Equipment Corporation

CVD Equipment Corporation (NASDAQ: CVV) designs, develops, and manufactures a broad range of chemical vapor deposition, gas control, and other state-of-the-art equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. This equipment is used by its customers to research, design, and manufacture these materials or coatings for aerospace engine components, medical implants, semiconductors, battery nanomaterials, solar cells, smart glass, carbon nanotubes, nanowires, LEDs, MEMS, and other applications. Through its application laboratory, the Company provides process development support and process startup assistance with the focus on enabling tomorrow’s technologies™. It’s wholly owned subsidiary CVD Materials Corporation provides advanced materials and metal surface treatments and coatings to serve demanding applications in the electronic, biomedical, petroleum, pharmaceutical, and many other industrial markets.

Thomas McNeill, EVP & CFO
Phone: (631) 981-7081
Fax: (631) 981-7095
email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Agreement to deploy a 5 MWe module of Heliogen’s AI-enabled concentrated solar energy technology in California and jointly market Heliogen’s innovative technology in Australia

PASADENA, Calif.--(BUSINESS WIRE)--$HLGN #ArtificialIntelligence--Heliogen, Inc. (NYSE: HLGN), a leading provider of AI-enabled concentrated solar energy, and Woodside Energy (USA) Inc., a wholly-owned subsidiary of leading Australian energy producer Woodside Petroleum Ltd (ASX: WPL), today announced a project agreement (the “Project Agreement”) for the commercial-scale demonstration deployment of Heliogen’s AI-enabled concentrated solar energy technology proposed to be built in Mojave, California.

The Project Agreement follows the previously announced Limited Notice To Proceed (“LNTP”) granted by Woodside to Heliogen to begin procurement of key equipment for the deployment of a commercial scale, single-module 5 megawatt electric (5 MWe) facility. Under the Project Agreement, Heliogen will complete the engineering, procurement, and construction of the facility, with construction expected to begin once permits are approved.

The two companies have agreed to include the scope and associated funding from Heliogen’s previously announced US$39 million award from the U.S. Department of Energy to deploy Heliogen’s renewable energy technology in California. This means that in addition to commercial-scale demonstration of Heliogen’s 5 MWe module, the project will also include the deployment and testing of an innovative approach to converting the thermal energy produced by Heliogen’s facility into power, which has the potential to deliver higher efficiencies with a smaller footprint than traditional steam turbines.

In addition to the Project Agreement, Heliogen and Woodside Energy Technologies Pty. Ltd have also signed a collaboration agreement to jointly market Heliogen’s technology in Australia (the “Australian Collaboration Agreement”). Under this arrangement, the companies expect to define product offerings that use Heliogen’s modular technology for potential customers (including Woodside) in Australia and are establishing a roadmap to identify and engage with those customers. The Australian Collaboration Agreement includes an objective to deploy further commercial-scale modules of Heliogen’s heat and power offerings which may be combined with a hydrogen offering, strengthening Woodside’s role in the energy transition to lower carbon energy sources. The companies are also in similar discussions in relation to Heliogen’s technology in the U.S.

“We are thrilled to be working with leading Australian energy producer, Woodside. Our agreements represent a pivotal next step in the commercialization of Heliogen’s breakthrough concentrated solar technology and the decarbonization of heavy industry,” said Bill Gross, Founder and Chief Executive Officer of Heliogen. “We are also pleased to share that, along with these agreements, our strategic alliance with Woodside includes Woodside taking an equity participation in Heliogen.”

Gross continued, “The proposed Mojave facility will further advance our discussions with Woodside for additional opportunities aiming to produce carbon-free heat, power and hydrogen to help them achieve their sustainability goals.”

“Woodside has set a US$5 billion investment target by 2030 for new energy products and lower-carbon services¹,” said Meg O’Neill, Chief Executive Officer of Woodside. “Our collaboration with Heliogen on this innovative technology supports our commitment to building a low cost, lower-carbon, profitable, resilient and diversified portfolio.”

About Heliogen

Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996. For more information about Heliogen, please visit heliogen.com.

About Woodside

We provide energy which Australia and the world needs to heat homes, keep lights on and enable industry. We have a reputation for safe and reliable operations. Our hydrocarbon business is complemented by a growing portfolio of hydrogen, ammonia and solar opportunities in Australia and internationally. Our new energy opportunities include the proposed hydrogen and ammonia projects H2Perth and H2TAS in Australia and the proposed hydrogen project H2OK in North America. For more visit woodside.com.au.

¹ Investment target assumes completion of the proposed merger with BHP’s petroleum business. Individual investment decisions are subject to Woodside’s investment hurdles. Not guidance.

Heliogen Media Contact:
Cory Ziskind
ICR, Inc.
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Heliogen Investor Contact:
Louis Baltimore
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Woodside Media Contact
Christine Forster
M: +61 484 112 469
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DUBLIN--(BUSINESS WIRE)--The "North America Hydrogen Compressor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Oil-Based and Oil-Free), Stage (Single-Stage and Multi-Stage), and End-User (Chemicals, Oil and Gas, Automotive and Transportation, Renewable Energy, and Other End-Users)" report has been added to ResearchAndMarkets.com's offering.

Oil-Based Segment to Dominate North America Hydrogen Compressor Market during 2021-2028.

North America Hydrogen Compressor Market is expected to reach US$ 757.21 million by 2028 from US$ 527.84 million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028.

The report provides trends prevailing in the North America hydrogen compressor market along with the drivers and restraints pertaining to the market growth. Rising adoption of hydrogen fuel cell vehicles is the major factor driving the growth of the North America hydrogen compressor market. However, issues associated with the elevated recurring cost in maintenance hinder the growth of North America hydrogen compressor market.

The North America hydrogen compressor market is segmented into type, stage, end-user and country. Based on type, the market is segmented into oil-based and oil-free. The oil-based segment dominated the market in the year 2020 and oil-free is expected to be the fastest growing during forecast period. In terms of stage, the hydrogen compressor market is segmented into single-stage and multi-stage.

Multi-stage segment dominated the market in the year 2020 and single-stage is expected to be the fastest growing during the forecast period. In terms of end-user, the hydrogen compressor market is segmented into chemicals, oil and gas, automotive and transportation, renewable energy, and other end users. Oil and gas segment dominated the market in 2020 and automotive and transportation segment is expected to be the fastest growing during the forecast period.

North American countries suffered a huge loss in the first half of 2020 owing to the rapid rise in number of COVID-19 cases, specifically in the US. Thus, the hydrogen compressor market decreased slightly in 2020. This can be mainly attributed to lockdowns imposed by various state governments and low demand from chemical, oil and gas, and renewable energy industries. The similar growth pattern is likely to continue in 2021 as well.

COVID-19 has already impacted the sales of electronics equipment and hydrogen compressors in the year 2020, as companies had to be functional with limited workforce and are now trying to cope up with the losses they faced in the year 2020. Furthermore, municipalities are functioning slowly as compared to the past and renewable energy projects are at a halt, which are further limiting the hydrogen compressor market growth in North America.

Atlas Copco AB; Burckhardt Compression AG; Fluitron, Inc.; Gardner Denver Nash, LLC; Howden Group; Hydro-Pac, Inc.; Lenhardt & Wagner GmbH; NEUMAN & ESSER GROUP; and PDC Machines Inc. are among the leading companies in the North America hydrogen compressor market.

The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Burckhardt Compression AG had been selected as compressor supplier for a new-built hydrogen liquefaction plant in South Korea. The order includes two BCS API618 compressors for the compression of hydrogen within the liquefaction process.

Key Industry Dynamics

Key Market Drivers

• Rising Adoption of Hydrogen Fuel Cell Vehicles
• Flourishing Oil and gas Sector

Key Market Restraints

• Elevated Recurring Cost in Maintenance

Key Market Opportunities

• Growing Investments in New Energy & Power Projects Worldwide

Future Trends

• Advancements of Electrochemical Hydrogen Compressor (EHC)

Company Profiles

• Atlas Copco AB
• Burckhardt Compression AG
• Fluitron, Inc.
• Gardner Denver Nash, LLC
• Howden Group
• Hydro-Pac, Inc.
• Lenhardt & Wagner GmbH
• NEUMAN & ESSER GROUP
• PDC Machines Inc.

The report segments the North America Hydrogen Compressor market as follows:

North America Hydrogen Compressor Market - By Type

• Oil-based
• Oil-free

North America Hydrogen Compressor Market - By Stage

• Single-stage
• Multi-stage

North America Hydrogen Compressor Market - By End-User

• Chemicals
• Oil and Gas
• Automotive and Transportation
• Renewable Energy
• Other End-users

North America Hydrogen Compressor Market - By Country

• US
• Canada
• Mexico

For more information about this report visit https://www.researchandmarkets.com/r/h8942y

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced the launch of two Renewable Volume Obligation futures contracts, expanding ICE’s U.S. renewable fuels futures markets.

The U.S. Environmental Protection Agency’s (EPA) Renewable Fuel Standard (RFS) mandates the incorporation of renewable fuels into transportation fuel. Each year, the EPA outlines the volume requirements for each renewable fuel category and sets those volumes through the annual renewable volume obligation (RVO).

Obligated parties under the RFS program include refiners and importers of transportation fuel in the U.S. Each year these companies calculate their renewable fuel obligation by multiplying the RVO percentage across the four renewable fuel categories under the RFS, by the volume of transportation fuel they produced or imported that compliance year.

The RVO applies to a basket of U.S. Renewable Identification Numbers (RINs) which are credits generated by renewable fuel producers to track the compliance of transportation fuel under the RFS program. Companies must either generate RINs or purchase them to meet their annual commitments. The RVO is critical to the margin calculations of refiners, as well as importers and exporters of transportation fuels, and is an important consideration when exporting fuel and determining whether arbitrage opportunities exist, as well as influencing the crack spread for refiners using the fuel to create other products.

As a result, companies need a means to hedge their RVO exposure and ICE has today launched the RVO (OPIS) Current Year Future & Argus RVO Current Year Future, based on the OPIS and Argus daily price assessments. Each futures contract is equivalent to 50,000 gallons.

“Compliance with the Renewable Fuel Standard is a cost which refiners and importers of transportation fuel in the U.S. need to manage,” said Jeff Barbuto, Global Head of Oil Markets at ICE. “The RVO futures, in combination with our existing RINs futures, will help the market manage exposure to renewable fuel obligations. RINs volume and open interest have reached record levels in 2022 as this market continues to grow and companies recognize the benefits of hedging this cost.”

ICE offers cash settled RINs futures, including the D6 ethanol and D4 biodiesel (OPIS) (product codes: RIN and RIK). The number of participants trading ICE RINs has doubled versus 2020 as participants manage their exposure to the price of RINs. So far this year, roughly 7,861 RIN futures have traded, equivalent to 393 million RINs.

ICE’s renewable fuels futures markets form part of ICE’s extensive environmental complex. ICE offers customers access to the largest and most liquid environmental markets in the world to manage and price emissions, as well as meet compliance obligations. In 2021, ICE traded a record 18 billion tons of carbon allowances, equivalent to an estimated $1 trillion in notional value and equal to over half the world’s estimated total annual energy-related emissions footprint.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.

Source: Intercontinental Exchange
ICE-CORP

ICE Media Contact
Rebecca Mitchell
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ICE Investor Contact
Mary Caroline O’Neal
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(770) 738-2151

ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group, Inc., (OTCQB: CRTG), developers of engineered silicon, a lithium-ion battery with a silicon-anode, and 3D volumetric displays, will host a shareholder call in mid-to-late April to discuss first-quarter 2022 activities.

The Coretec Group is developing a lithium-ion battery with a silicon anode that will improve battery cycling stability, enable longer run times, and allow for greater energy density in applications such as electric vehicles, mobile devices, and space exploration. The shareholder call will provide background and an update on the Company’s progress in its battery development.

During the shareholder call, the company will discuss current activities and advancements, including developments related to its lithium-ion battery with a silicon anode, its recently filed full-utility patent, progress on synthesizing cyclohexasilane (CHS) in its own wet laboratory, and a recent presentation prepared for a domestic battery conference hosted by the U.S. Department of Energy’s Argonne National Laboratory.

Chief Executive Officer Matthew Kappers, Chief Financial Officer Matthew Hoffman, and Board Director and Co-Chairman Simon Calton will discuss the Company’s recent achievements and future plans, as well as answer questions from the investment community and news media.

The company will share the call date, time and access details in April.

About The Coretec Group

The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.

For more information, please visit thecoretecgroup.com. Follow The Coretec Group on Twitter and LinkedIn.

Forward-Looking Statements:

The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833

DUBLIN--(BUSINESS WIRE)--The "Datacenter Decarbonization Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

The data centre industry can achieve decarbonization of Scope 1 and 2 emissions through two big approaches: renewable energy procurement and efficiency measures.

On the renewables side, power purchase agreements (PPAs) within a local electricity market are currently the most effective way for the data centre industry to fund and procure renewable energy, ensuring that new clean energy is being added to the grid. Nevertheless, it is not without challenges.

On the efficiency part of the equation, innovations in cooling, sensors, automation, AI, and other advancements in server, storage, and networking technologies propose several new ways for the data centre industry to deal with Scope 2 emissions and simultaneously achieve lower energy expenses.

To improve decarbonization levels in the short term, procuring renewables (ideally, from local and additional sources) will impact the data centre at a far larger scale than any efficiency measure. In the long term, data centre operators must continue their efforts to achieve more efficient operations.

Key Topics Covered:

Key Takeaways

Strategic Imperatives

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative
• The Impact of the Top Three Strategic Imperatives on Data Center Decarbonization Industry
• Growth Opportunities Fuel the Growth Pipeline Engine

Scope and Definitions

• Defining Decarbonization
• Defining the Decarbonization Market for the Data Center Industry
• More Definitions

Current Scenario

• Challenges Faced By the Data Center Industry from a Decarbonization Standpoint
• The Global Data Center Electricity Demand
• Renewable Energy and Data Center Demand

Growth Opportunity Analysis - Data Center Decarbonization

• Growth Drivers for Data Center Decarbonization
• Growth Restraints for Data Center Decarbonization

Scope 1 and 2 Decarbonization Strategies in the Data Center Industry and its Infrastructure Providers

• Decarbonization Practices Enabled by Builders and Integrators in the Power, Cooling, and Infrastructure Management Sector
• Decarbonization Practices Around Backup Generators in the DC Industry
• Efficiency-related Best Practices in the DC Industry
• Renewable Power Procurement in the DC Industry

Growth Opportunity Universe - Data Center Decarbonization Market

• Growth Opportunity 1: Power Purchase Agreements for Renewable Energy Needs in Data Centers
• Growth Opportunity 2: End-to-end Sustainability Services for Optimization, Energy Procurement, and Other Needs
• Growth Opportunity 3: Decarbonization Services for Colocation Data Centers

For more information about this report visit https://www.researchandmarkets.com/r/6gn25m

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PARIS--(BUSINESS WIRE)--Technip Energies (PARIS:TE) (the “Company”), a leading Engineering & Technology company for the Energy Transition, today publishes its 2021 Form 20-F.

The Company filed its 2021 Form 20-F with the United States Securities and Exchange Commission (SEC).

The 2021 Form 20-F is available on:
https://investors.technipenergies.com/regulatory-filings

Technip Energies will hold its Annual General Meeting in Schiphol, the Netherlands, on May 5, 2022. The convening notice, agenda and all related documents are available at https://investors.technipenergies.com/events-presentations/agm.

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.

For further information: www.technipenergies.com.

Investor Relations

Phillip Lindsay
Vice-President, Investor Relations
Tel: +44 203 429 3929
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Media Relations

Stella Fumey
Director, Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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Itron’s Smart City Solution to Drive Digital Transformation and Improve the Citizen Experience in Fuengirola

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Energy--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, and the City of Fuengirola, Spain are joining forces to transform the municipality into a smart city. Home to more than 82,000 permanent residents and more than triple that during the summer months, the City of Fuengirola will deploy Itron’s smart city platform, which includes a city-wide mesh network optimized for industrial IoT (IIoT) devices and Itron’s device and data management platform, SLV. The primary objective of the project is to accelerate urban innovation, drive the digital transformation of city services and improve the citizen experience for those in Southern Spain. Deployment of the solution is expected to be completed by the end of 2022. The IIoT network will be operated by Itron as part of a four-year Network-as-a-Service (NaaS) agreement. This project is 80% co-financed by European Regional Development Found (ERDF) within the framework of the Pluriregional Program of Spain (POPE) 2014 – 2020.

Itron’s smart city solution will enable the City of Fuengirola to deploy a wide range of smart city applications which improve energy efficiency, lower operational costs and increase quality of life for citizens. Initial applications include intelligent street lighting, noise detection and smart traffic monitoring. Beyond energy and operational savings, intelligent street lighting offers a wide range of benefits, including enhanced safety and increased customer satisfaction. This enables the city to plan future investments and services more efficiently.

As a NaaS contract, Itron will manage the network and SLV software on behalf of the City of Fuengirola, allowing the city workers to focus on the outcomes. This includes the deployment of the IIoT network, supply of the sensors and controllers for initial use-cases and four years of connectivity for each device. With SLV, the city will have advanced asset management, data visualization, analytics, and real-time control capabilities. This will simplify the management of new sensors and controllers, define logic between data sets and create a dashboard of city key performance indicators.

“The City of Fuengirola aims to be a benchmark in urban innovation and to create an environment for our citizens that is more efficient, comfortable and sustainable. We are excited to collaborate with Itron, a world leader in smart cities, to achieve this vision,” said Ana Maria Mula, mayor of the City of Fuengirola. “With Itron’s smart city solution, we can improve services to our citizens and meet our sustainability goals. It also gives us the foundation to grow and evolve as a smart city as the needs of our city change.”

“Itron is proud to make the City of Fuengirola’s smart city vision a reality by helping them develop a holistic smart city with Itron’s streetlight management system. We have extensive experience helping utilities and cities improve the performance of their street lighting and lay the foundation for additional smart city services,” said John Marcolini, senior vice president of Itron’s Networked Solutions. “By taking advantage of Itron’s NaaS and Software-as-a-Service (SaaS) offering, the City of Fuengirola can focus on realizing the benefits of their smart city platform versus investing in IT and field-based resources to manage and maintain the infrastructure.”

To learn more about Itron’s smart city solution, visit this link.

About Itron

Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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SACRAMENTO, Calif.--(BUSINESS WIRE)--Following is a statement from Patrick A. Weller, chairman and CEO of Sol Power Energy, Inc., to foster a path to agricultural solvency for the California family-owned and operated farm:

Sol Power Energy, Inc. today announced Phase II of a multijurisdictional solar distributed generation program for Vino Farms, LLC as part of an ongoing plan for VINO FARMS to use holistic, ecological, and ethical practices in wine grape farming.

Over the past three years, VINO FARMS VP and partner Craig Ledbetter has been converting select vineyards to Biodynamic™ (BD) farming practices, while simultaneously implementing solar photovoltaic systems for irrigation pumping, as a water use efficiency measure.

Air, fire, water, and at times even the abundance of Mother Earth’s energy seem to oppose California agricultural operators. The Clean Air Act, the Sustainable Groundwater Management Act (SGMA), PG&E’s 2022 Wildfire Mitigation Plan (WMP), and most recently PG&E's 2023 General Rate Case (GRC) all contain compliance requirements that can drastically affect the ability of a California family-owned and operated farm to meet its long-term debts and other financial obligations.

Over the past two years, during Phase I, the parties utilized world-class COVID-19 control and prevention practices to successfully develop nearly 1 megawatt of flood-resistant, elevated solar generation plants supplying enough electricity to meet the needs of 164 U.S. homes.

SOL POWER has been retained to provide a broad range of professional services and duties related to the strategic planning, design, development, delivery, and interconnection of renewable energy projects. The solar generation systems were implemented in the Pacific Gas and Electric Company (PG&E) and Sacramento Municipal Utility District (SMUD) service territories within Sacramento and San Joaquin counties.

VINO FARMS, with offices located in Lodi, Healdsburg, Napa, and Paso Robles, is a multi-generational farming operation owned and operated by the Ledbetter family since the 1970s. The company manages or owns nearly 17,000 total acres of vineyards in California including 4,500 acres in the Lodi region.

Craig Ledbetter, VINO FARMS VP and partner stated, “The implementation of solar projects on farmland exposes owners to a range of risks from numerous authorities having jurisdiction. Patrick A. Weller, chairman and CEO of Sol Power Energy, Inc. exhibited the highest standard of care, trustworthiness, risk mitigation, and fiduciary responsibility for our multimillion-dollar project.”

Sol Power Energy, Inc. is a minority-owned California corporation with operations in Sacramento, California. With nearly 30 years of experience in the U.S. energy services company industry, SOL POWER offers free technical assistance to farmers to help them to understand the economics and technical advantages of renewable energy programs to offset their escalating utility expense.

“PG&E intends an initial increase in average electric rates for its agricultural, commercial, and industrial customers between 7 and 25 percent starting in 2023, with a corresponding increase in average gas rates of up to approximately 4 percent. Our objective is to help agricultural producers of wine grapes, livestock, milk production, and crops to obtain renewable energy solutions that foster energy cost savings and sustainable water and food supply,” stated Patrick A. Weller, chairman and CEO of Sol Power Energy, Inc.

Sol Power Energy, Inc. is in the development of MetaDigital™ marketing services for the development of scheduled and on-demand virtual learning environments to share SOL POWER Renewable Best Practices for Agricultural Operators, to include the future integration of virtual reality (VR) and augmented reality (AR) components.

Patrick A. Weller, chairman and CEO of Sol Power Energy, Inc., This email address is being protected from spambots. You need JavaScript enabled to view it. (916) 426-8399

HOUSTON & ITHACA, N.Y.--(BUSINESS WIRE)--Chevron U.S.A. Inc., through its Chevron New Energies division, and Restore the Earth Foundation, Inc. announced agreement for a reforestation project for up to 8,800 acres of property in St. Charles Parish, Louisiana.

The project will bring together Chevron and Restore the Earth Foundation to develop a nature-based solution, which is expected to remove carbon from the atmosphere and be focused on reforesting natural cypress forests and swamps in St. Charles Parish. Chevron will provide funding for Restore the Earth to plant an expected 1.7 million native bald cypress seedlings as part of the project.

“Carbon offsets are expected to play a notable role in global carbon reduction. Chevron New Energies is proud to collaborate with Restore the Earth on our inaugural carbon offsets project – bringing lower carbon solutions to Chevron as well as our customers,” said Barbara Harrison, vice president of Offsets & Emerging of Chevron New Energies. “In addition to helping remove carbon, the seedling replanting is anticipated to contribute to local forest and wetland ecosystem restoration.”

In 2021, Chevron launched Chevron New Energies to accelerate lower carbon businesses in hydrogen; carbon capture, utilization and storage (CCUS); offsets; and emerging opportunities, as well as support Chevron’s continued focus on biofuels. The St. Charles Parish cypress reforestation project is expected to generate carbon offsets that could both help offset Chevron’s carbon emissions, and also help customers achieve their lower carbon goals.

“We are excited to launch this partnership with Chevron New Energies. Restore the Earth’s landscape-scale reforestation is a nature-based solution critical to addressing climate change and provides so many additional environmental and social benefits to the region and to the nation,” said P.J. Marshall, founder and executive director, Restore the Earth Foundation, Inc. “Forward-thinking organizations like Chevron New Energies are initiating impactful and simple solutions that provide for healthy ecosystems, biodiversity, habitat and community resiliency in self-sustaining systems—taking the long-term perspective of generations, decades and centuries, providing for overall well-being, livelihood, identity and culture.”

“Partnering with Restore the Earth Foundation and Chevron to accelerate reforestation on Louisiana Wildlife and Fisheries lands helps us to reach the full potential of enhanced, sustained, protected and conserved habitat of wildlife species supporting vegetation and biodiversity on our Wildlife Management Areas,” said Jack Montoucet, Secretary of the Louisiana Department of Wildlife and Fisheries. “Additional benefits of the restored Louisiana forested wetlands include the carbon sequestration of the trees supporting climate mitigation and LDWF adaptation goals.”

“We are incredibly thankful to have Chevron as a community partner and appreciate their continued commitment to coastal restoration in St. Charles Parish,” said Matt Jewell, president of St. Charles Parish.

About Chevron

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.

About Restore the Earth Foundation

Restore the Earth is a 501(c)(3) not for profit with a mission of restoring the Earth’s essential forest and wetland ecosystems. Restore the Earth knows that it is possible to go beyond just protecting our environment—it is possible to restore it. A restored environment at a landscape scale creates incredible value for ecosystems, biodiversity, habitat, communities, business and the Earth. Restore the Earth works together with partners to bring solid solutions to deliver successful restoration to meet strategic objectives. More information about Restore the Earth is available www.restoretheearth.org.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to implement capital allocation strategies, including future stock repurchase programs and dividend payments; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 25 of the company’s 2021 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

Chevron
Creighton Welch
This email address is being protected from spambots. You need JavaScript enabled to view it.
281.703.2728

Restore the Earth Foundation
Taylor Marshall
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607.342.7362

+ Major deliveries have been completed for NMG’s Phase-1 coating module; construction is advancing towards the planned commissioning target before the end of H1-2022 for the Company’s 2,000-tpa-capacity anode material value chain.

+ The integrated 43-101-compliant feasibility study prepared by BBA is progressing for the Phase-2 Bécancour Battery Material Plant and Matawinie Mine, for a comprehensive updated economics structure of NMG’s business model to be announced before the end of Q2-2022.

+ Preparatory works have resumed at the Phase-2 Matawinie Mine ahead of civil works targeted for the year.

+ Thanks to its Phase-1 production, NMG is currently actively engaged in qualification sampling with selected battery manufacturers, now providing A & B samples. Sustained interest from top-tier potential customers is supported by sample quality checks, site visits and requests for information.

+ NMG is advancing with the structuring and securing of project financing for the construction and development of the Phase-2 Bécancour Battery Material Plant and Matawinie Mine, and has received non-binding letters of interest from two Export Credit Agencies, evidencing a clear expression of the potential support which the ECA may offer.

+ NMG continues to demonstrate the ESG-credentials of its business model through an A2 Robust Sustainability Rating from Moody’s and release of its Climate Action Plan.

+ Year-end OSHA rate of 2.61 for the Company’s operations and 0 for its contractors, with no major environmental incident.

+ Year-end cash position of $62.3M.

MONTRÉAL--(BUSINESS WIRE)--$NMG #EV--Nouveau Monde Graphite Inc. (“NMG”, “Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) publishes its year-end financial results for the twelve-month period ended December 31, 2021 as it advances towards the final stages of its Phase-1 facilities construction demonstrating the full vertical from mining to battery market while maintaining an active development program on its Phase-2 commercial scale up. With the construction of NMG’s coating module well underway, the Company is set to have a 2,000-tonnes-per-annum (“tpa”) capacity integrated graphite production line of anode material by mid-year. At the same time, NMG is defining the updated economics model for its Phase 2 and is engaging with potential customers and financial partners to support the delivery of its full commercial-scale facilities.

Arne H Frandsen, Chair of NMG, commented: “We are making significant progress on our objectives at a time when the market is feeling the pressure of limited supply options, rising prices and complicated logistics. I am confident that the ESG-minded team at NMG can capitalize on our exclusive ecotechnologies and industry-leading practices to position the Company as a Western World’s trailblazer for competitive, sustainable, and local graphite advanced materials production.”

Eric Desaulniers, Founder, President, and CEO of NMG, added: “Upon the completion of our coating module as the final stage of our integrated Phase-1 production, we are set to offer a turnkey solution for the extraction, concentration, value-added transformation and quality assurance of graphite materials manufacturing. Our Phase-1 facilities accelerate our transition to the next phase of our development by providing electric vehicle (“EV”) and battery manufacturers with customized, high-quality, carbon-neutral and low-cost advanced materials, supporting process optimization and value engineering for our Phase 2, as well as providing a unique training platform for our team.”

Battery Material Plant

NMG is advancing with the deployment of its coated spherical purified graphite production with the construction of its Phase-1 coating line. This last process step will complete the Company’s graphite-based product range for the EV and renewable energy sectors by having a production capacity of up to 2,000 tpa of anode material. Although some have been delayed due to the worldwide logistics disturbances, deliveries have arrived at the Company’s demonstration plant over Q4-2021 and Q1-2022. All major deliveries have now been received. Construction is underway, and on budget, for a targeted commissioning before the end of H1-2022.

Construction of the coating module at NMG’s facility.

NMG is also expecting the delivery of its second commercial-scale shaping module at its facilities in Q2-2022 which would allow it to triple its spherical graphite production capacity. The construction and equipment commissioning is scheduled to be carried out by the end of H1-2022 for a production start and ramp up during Q3-2022. This addition to NMG’s Phase-1 advanced manufacturing line will enable the Company to provide customers with a broader and more comprehensive range of specs.

NMG’s Phase-1 purification plant continues the production of battery-grade SPG volumes. Positive results obtained by testing the furnaces’ optimal capacity and the validation of operational parameters have enabled NMG to refine the engineering of the Phase-2 Bécancour Battery Material Plant.

Indeed, the Front-End Loading feasibility engineering analysis (“FEL-3”) for the Company’s Phase-2 operations is progressing and on budget, with a 48% completion rate and a scheduled completion by the end of Q2-2022. NMG’s integrated business model will be reflected in this National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”)-compliant feasibility study for the Phase-2 Bécancour Battery Material Plant to update planning, cost projection, and development framework in a unified structure with the Matawinie Mine. In complement to the engineering efforts, the Company has initiated the permitting planning process and community outreach for the Bécancour Battery Materials Plant.

Matawinie Mine

In December 2021, NMG completed the construction of the nearly 8-km access road connecting the mining site to the local highway. Early works were successfully and safely completed, with no recordable environmental, health or safety incidents. Tree clearing activities are currently being conducted – before the nesting season to limit impacts to avifauna – in order to prepare the site for the next phase of civil works.

The detailed engineering and procurement packages of the Matawinie mine and concentrator continue to progress with SNC-Lavalin, Metso Outotec and NMG’s owner’s team. Optimization of facilities, preparation of architectural specifications and plans, mechanical engineering, and equipment selection advance on schedule. The mining plan is also progressing based on the latest drilling campaign. Overall advancement of engineering is estimated at 55%.

NMG has put forward advanced standards for design criteria of tailings management at the Matawinie Mine by prioritizing the desulphurization of tailings, dry-stacking, and the co-disposal of waste rock and tailings. This environmentally sound method involved a recognized approach and has been approved by government officials following a thorough review. An experimental cell was built in 2020 to demonstrate in actual conditions the performance of this proactive environmental method. Field-scale cells were built to calibrate the parameters with respect to the performance of the tailings co-disposal objectives design, including preventing sulfide oxidation and mine water contamination. The field test cells are instrumented and monitored by the Company’s Environment Team. Results from the test cells are positive, validating the co-disposal technology developed by NMG.

As for its electrification strategy, the Company’s technical team is highly engaged with Caterpillar for the planning and development of a zero-emission fleet for the Matawinie Mine. At the beginning of Q1-2022, NMG was awarded Mining Magazine's Future Fleets excellence award for the intended electrification of its Matawinie Mine.

Products Development and Market

The Company’s Phase-1 operations continue to support technical marketing and product qualification efforts in the lithium-ion battery, traditional and niche sectors. Production at the Phase-1 facilities and testing at NMG’s new state-of-the-art laboratory enable the supply of graphite products in various specifications to meet the manufacturer's individual requirements.

Samples have been and continue to be provided to potential customers as part of sales discussions. NMG has advanced into the qualification process with several battery manufacturers, now providing A & B samples. Sustained interest from top-tier potential customers is supported by quality checks, site visits to the Company’s Phase-1 operations and requests for information.

In addition, the Company is actively strengthening its quality assurance and quality control with the implementation of an ISO 9001-compliant system.

Electric vehicles outsold diesel cars in Europe for the first time in December 2021. To meet the soaring demand from consumers, the auto industry is on track to invest half a trillion dollars in the next five years to transition its fleet towards electrification (New York Times, February 2022). This shift is driving major changes in existing supply chains as original equipment manufacturers compete to source the raw materials and electronic components and bring to market enough volume to meet consumers' enthusiasm.

In fact, the lithium-ion battery market expansion is driving growth in demand for natural graphite with a global anode capacity projection of 8,391,550 tonnes per annum by 2031, a 13.2% month-over-month increase for the beginning Q1-2022 (Benchmark Mineral Intelligence, February 2022). Moreover, constrained supply due to mine and factory closures in China have lead to an upward price pressure for flake graphite (Benchmark Mineral Intelligence, January 2022).

These market dynamics create a favorable setting for NMG’s development of a local turnkey supply of green anode material.

Corporate and ESG

NMG conducted its operations guided by its Zero-Harm Philosophy. The Company reports a year-end Occupational Safety and Health Administration (“OSHA”) Recordable Incident Rate of 2.61 for its facilities and 0 for its contractors. NMG had no major environmental incidents as defined by the Global Reporting Initiative. Through its work protocols, continuous monitoring, and environmental program, it responsibly conducted its operations and worked to diligently address and mitigate any minor incident at its sites.

The Company embedded leading ESG principles in its business model alongside carbon-neutral operations and traceability of its value chain. In an independent assessment of the Company’s sustainability performance, Moody’s ESG Solutions provided a Sustainability Rating of A2 (‘Robust’), the second-highest grade on its rating scale, to NMG.

As part of its carbon-neutrality commitment, NMG released its Climate Action Plan detailing efforts around transparent reporting, reduction of the Company’s embedded emissions, transition to Net Zero, research and development for low-carbon materials and activities, as well as industry leadership. The Company has also purchased verified carbon credits to offset its 2021 carbon balance.

NMG is currently completing a lifecycle analysis for its graphite products portfolio to support its marketing and sustainability efforts.

The Company is advancing with the structuring and securing of project financing for the construction and development of the Phase-2 Bécancour Battery Material Plant and the Matawinie Mine. In this regard, the Company has been in discussions with a number of Export Credit Agencies (“ECA”) to provide credit support for a significant portion of the project financing, and has received non-binding letters of interest from two ECA, evidencing a clear expression of the potential support which the ECA may offer.

In 2021, the Company raised over $130M through public offerings, the exercise of warrants, private placements, and financial levers from governments. Capital allocation emphasized the advancement of NMG’s projects through engineering, procurement of key equipment and construction; R&D for the development of new processes and products, and corporate expenses to support the Company’s growth.

At December 31, 2021, the Company had $63.2M.

About Nouveau Monde

Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, Nouveau Monde aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

Subscribe to our news feed: https://NMG.com/investors/#news

Cautionary Note Regarding Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the intended results of the Company’s development plans, the timeline and progress of the initiatives described in this press release, future graphite supply and demand, the benefits of the Company’s de-risking strategy, the impact of the foregoing on the project economics, the Company’s intended production capacity of carbon-neutral anode material, the growth of the lithium-ion battery and EV markets, the Company’s commitments and performance with respect to its ESG initiatives, including the intended electrification of the Matawinie Mine, the interest of potential customers, the ability to structure and obtain sufficient project financing for the construction and development of the Bécancour Battery Material Plant and the Matawinie Mine, potential credit support from ECA, the intended results of the initiatives described above, and those statements which are discussed under the “About Nouveau Monde” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of Canadian and United States securities securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.

Forward-looking information and statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Corporation believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Corporation has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com

Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
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NEW YORK--(BUSINESS WIRE)--ESW, the leading global direct-to-consumer (DTC) ecommerce company, today announced an agreement with UPS (NYSE: UPS) that will provide integrated international ecommerce and shipping capabilities for brands aiming to accelerate their direct-to-consumer (DTC) expansion, enabling them to be more effective at reaching global consumers via cross-border ecommerce. Through this new bundled offering, UPS customers and ESW clients will see significant capabilities to deeply localize their online shopping experience and leverage UPS’s global transportation and customs brokerage platform for delivery.

“The ability to get a one-stop solution that combines ESW’s technology and deep localization expertise with UPS’s expansive logistics and transportation network will give DTC retailers of any size greater access to consumers on a global scale,” said Patrick Bousquet-Chavanne, President and CEO, Americas, ESW. “This agreement leverages our entire logistics and payments ecosystem as well as UPS’s extensive global transportation network to remove barriers and alleviate the friction that often impedes brands and retailers from selling directly to consumers regardless of where they live in the world.”

“UPS continues to innovate on behalf of customers, offering new capabilities to grow their businesses. This alliance with ESW offers UPS ecommerce customers the ability to sell and ship seamlessly around the world, with the confidence that they are delivering a great shopping experience,” Bill Seward, UPS President, Americas Region and Global Customer Solutions said.

As consumers increasingly turn to cross-border shopping to purchase the products they see online, retailers must also become border agnostic in order to succeed in today’s competitive landscape. According to ESW’s Global Voices 2022 survey, the number of cross-border DTC consumers increased across all age groups between December 2020 and July 2021 with younger Millennial and Gen Z consumers driving this trend. The data revealed that Millennials and Gen Z shoppers are buying significantly more from outside their home countries than Gen X and Baby Boomers, with the younger cohorts preferring to purchase cross-border to access products they cannot find locally. The same survey found that shipping timing and shipping costs are the two biggest deterrents preventing more consumers from shopping across international borders.

Brands integrating with ESW’s Fluency and Symphony DTC solutions can enter both domestic and new international markets in a matter of weeks and access a suite of market-leading ecommerce solutions across store, pricing, payments, checkout, fraud and delivery. ESW’s Velocity consultancy service provides the expertise to execute successful growth initiatives across customer experience, acquisition, and retention, while engaging directly with customers and retaining ownership of all the data collected during the shopping journey.

About ESW

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HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) on Friday, March 25, 2022, announced its Audit Committee selected PricewaterhouseCoopers LLP as its independent registered public accounting firm for the 2022 fiscal year.

On March 23, 2022, the Audit Committee informed McConnell & Jones LLP (“McConnell Jones”) of this decision. McConnell Jones will continue in its capacity through the completion of is audit services for the fiscal year ending December 31, 2021, and the filing of DXP’s 2021 Form 10-K.

Kent Yee, CFO, added, “First, I want to thank McConnell & Jones for working with us to get our third quarter and fiscal 2021 done in a timely manner given the unusual circumstances. The team from McConnell Jones handled everything with the utmost professionalism, diligence, and candor. Their breadth of experience and team depth has been evident. It was extremely refreshing. As discussed back in November, DXP’s auditor transition plan has been about the future of DXP and to align with our vision and goals for the finance and accounting function. Since 2017, we have been focused on ensuring we were building a finance and accounting team, capabilities and function that would support and propel DXP into becoming a multi-billion-dollar company. This plan is centered around continuous improvement in people, accounting processes and technology to support the variety of businesses that are integral to DXP. We look forward to our growth and improvement.”

Gene Padgett, CAO added, “We have talked about aligning service providers and tools befitting DXP from day one. We are at one of those inflection points and we are excited to push forward and continue to raise the bar. We have work to do around accounting processes and technological tools, but we are well on our way and remain excited about the future.”

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of the COVID-19 pandemic and the impact of low commodity prices of oil and gas; the Company's expectations regarding the filing of the Form 10-Q; the description of the anticipated changes in the Company's consolidated balance sheet and the results of operations and the Company's assessment of the impact of such anticipated changes; the Company’s business, the Company’s future profitability, cash flow, liquidity, and growth. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; decreases in oil and natural gas prices; decreases in oil and natural gas industry expenditure levels, which may result from decreased oil and natural gas prices or other factors; inability of the Company or its independent auditors to complete the work necessary in order to file the Form 10-Q, in the expected time frame; unanticipated changes to the Company's operating results in the Form 10-Q as filed or in relation to prior periods, including as compared to the anticipated changes stated here; unanticipated impact of such changes and its materiality; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, economic risks related to the impact of COVID-19, ability to manage changes and the continued health or availability of management personnel and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission. More information on these risks and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Kent Yee
Senior Vice President, CFO
713-996-4700
www.dxpe.com