Kaizen Clean Energy Secures Investment To Fund the Manufacturing of Hydrogen Generators To Displace Aging & Unreliable Solutions For EV Charging, Hydrogen Distribution, & Microgrids
HOUSTON--(BUSINESS WIRE)--#cleanenergy--Kaizen Clean Energy (“KCE”), announced today it has secured funding to accelerate commercial deployment of its hydrogen generators for distributed Battery Electric Vehicle (EV) charging, hydrogen Fuel Cell Electric Vehicles (FCEVs) fueling and standby power generation in the United States.
The funding positions KCE to deliver hydrogen generators to its customers in the second half of 2022.
Eric Smith, Co-CEO & Chief Commercial Officer said, “Last week’s passing of the US Infrastructure Bill underscores the bipartisan need for a solution that provides clean, reliable, and affordable distributed energy. KCE’s Hydrogen Generators help our clients accelerate their Zero Emission Vehicle deployments without having to rely on aging electric grids and traditional hydrogen solutions that lack reliable supply, don’t scale, and require capital-intensive infrastructure. Our funding allows clients the ability to secure leases of KCE’s Hydrogen Generators to show the versatility and economic benefits of this proven technology.”
KCE’s Hydrogen Generator reforms methanol to deliver on-demand ISO Grade hydrogen at the point of use, eliminating the high cost of transporting and storing compressed or cryogenic hydrogen. Clients can leverage our hydrogen generators and existing methanol bunkering across the U.S. to lower their delivered cost of hydrogen and utilize growing renewable methanol production to scale their Carbon Intensity to meet their requirements.
Stanfield and Dupre, Kaizen Clean Energy’s General Counsel, supported the financial transaction.
About Kaizen Clean Energy:
Founded in 2021, KCE is a future fuels-focused company, headquartered in Houston, TX, specializing in the design, development, and manufacture of hydrogen generators for distributed power generation and hydrogen production.
For more information about Kaizen Clean Energy, please visit www.kaizencleanenergy.com.
Eric Smith
Co-CEO
Kaizen Clean Energy
Phone: +1.346.337.7788
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SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) will participate in the following virtual events for the financial community.
Baird's Virtual Global Industrial Conference
November 9, 2021
Coker & Palmer Virtual Bus Tour
November 30, 2021
Credit Suisse Inaugural Virtual Climate Symposium
December 6, 2021
2021 Wells Fargo Virtual Midstream, Utility & Renewables Symposium
December 8, 2021
BofA Virtual Hydrogen Conference
December 16, 2021
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. Bloom’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
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Company commits to UN Global Compact and announces additional climate priorities
HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford announced additional climate priorities today, including a commitment to invest $2.5 billion over the next five years in technologies, companies and funds, which are advancing the energy transition and addressing climate change. The company also became a signatory of the United Nations Global Compact, joining organizations worldwide to implement universal sustainability principles that advance societal goals.
“As a 211-year-old insurer and asset manager, we view the transition to a greener society as a business imperative, and we are doing our part,” said The Hartford’s Chairman and CEO Christopher Swift. “We are demonstrating our environmental commitment through our actions across the business, ranging from insurance solutions that encourage sustainable construction to investments by the company in renewable energy. We are proud of our progress and remain determined to use our resources responsibly to address the challenge of climate change.”
The Hartford is one of the first property-casualty insurance companies to sign onto the UN Global Compact, the world’s largest corporate sustainability initiative. The Global Compact brings together companies around the world to align strategies and operations with universal principles on human rights, labor, anti-corruption and the environment. For more on the organization’s mission of committing to sustainability and businesses sharing responsibility to achieve a better world, visit www.unglobalcompact.org.
As part of the new climate priorities, the company anticipates exiting all tar-sands investments by Dec. 31, 2021, two years before the commitment announced in The Hartford’s coal-and-tar-sands policy released in December 2019. Additionally, The Hartford expects to exit coal investment holdings specified in the coal-and-tar-sands policy by the end of 2023, as previously announced.
The Hartford met its goal of 100% renewable-energy-source consumption for its facilities in 2020 – 10 years before the self-imposed deadline – and will continue to maintain the company’s full-renewable status moving forward as a climate priority. Additionally, the company will continue to reduce select1 Greenhouse Gas Emissions (GHGe), in order to achieve a previously stated goal to reduce GHGe by at least 2.1% each year for a total reduction of 46.2% by 2037 compared with the baseline year of 2015. For more information on the new climate priorities, visit https://www.thehartford.com/about-us/environment.
These new priorities are the latest in a series of The Hartford’s commitments to sustainability and environmental stewardship. The company first formalized a climate change statement in 2007 and has adapted the statement to align with the fifth Assessment of the Intergovernmental Panel on Climate Change (IPCC). The company published its first Task Force on Climate Related Financial Disclosure (TCFD) report in 2020 and its first Sustainability Accounting Standards Board (SASB) report in 2021. The Hartford also was recognized in the “Leadership” category by CDP, an organization to which The Hartford has reported its climate change efforts and practices for 15 years.
About The Hartford
The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com. Follow us on Twitter at @TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford’s legal notice.
HIG-C
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2020 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
From time to time, The Hartford may use its website and/or social media outlets, such as Twitter and Facebook, to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com, Twitter account at www.twitter.com/TheHartford_PR and Facebook at https://facebook.com/thehartford. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.
1 Scope 1 and Scope 2 emissions are direct from sources controlled or owned by an organization; Scope 3 emissions include indirect sources of GHGe. For more information, visit the U.S. Environmental Protection Agency’s Center for Corporate Climate Leadership.
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MIAMI BEACH, Fla.--(BUSINESS WIRE)--#artbasel--The growing world of generative and NFT art will be in the spotlight at this year’s Art Basel in Miami Beach – including a unique interactive NFT exhibition from Tezos, an energy-efficient blockchain. Titled Humans + Machines: NFTs and the Ever-Evolving World of Art (December 2–4, 2021), the experience will explore the new frontier of art, technology, and culture – and invites audiences to even create and mint their own NFTs on-site.
The space will feature a collection of artworks from some of the world’s leading generative and NFT artists, including Helena Sarin, Matt DesLauriers, Sutu (Stuart Campbell), and Iskra Velitchkova, among others. It will culminate in a unique experience by German artist Mario Klingemann, inviting attendees to engage and collaboratively generate a one-of-a-kind NFT takeaway that will be minted on the Tezos blockchain. The creation of the NFT will happen by physically interacting with the space, resulting in an abstract self-portrait work of art generated from a code designed by Klingemann.
The exhibition aims to raise awareness of the new dynamic that both NFTs and the ever-evolving world of generative art bring to the art world. The idea of collaboration between human and machine further emphasizes the role of creativity and what it means to be an active participant in the creation of art.
Klingemann, also known as Quasimondo, is considered one of the pioneers of AI art, neural networks, and machine learning. An artist who uses algorithms and artificial intelligence to create and investigate systems, he is particularly interested in human perception of art and creativity, researching methods in which machines can augment or emulate these processes. His artworks have been shown at The Metropolitan Museum of Art, The Photographers’ Gallery, KM Karlsruhe, Centre Pompidou and more. Most notably, his installation Memories of Passersby I made history in March 2019 as the first autonomous AI machine to be successfully auctioned at Sotheby’s.
“It’s an honor to be part of the Tezos NFT experience at Art Basel in Miami Beach,” said Klingemann. “This interactive exhibition examines the interplay of technology and human creativity, and where the lines bleed between human and machine as part of the generative art process. While the body of work may be created by the machine, a self-portrait is a deeply human thing, so I hope this probes questions around human nature and perception, and all that expresses itself with automated systems.”
Over the course of Art Basel Miami Beach 2021, the Tezos experience space will also include a dedicated speaker series featuring a diverse lineup of prominent artists and figures from the NFT community. Discussions will cover the technical, philosophical and artistic implications and possibilities created by this new paradigm at the intersection of art and technology. A full schedule will be available in the coming weeks on Art Basel Miami Beach’s event calendar (https://artbasel.com/miami-beach/events) and on Tezos’s event page (https://tezos.com/events).
Tezos’ energy-efficient design and low costs to mint and transact NFTs have subsequently attracted a diverse NFT community of artists, collectors, and builders around the world. With Tezos home to major NFT platforms such as Hic et Nunc, one of the biggest NFT art marketplaces, more brands are choosing to build on Tezos than ever before. Notable organizations include: Formula 1 racing teams Red Bull Racing Honda and McLaren Racing, banking behemoth Societe Generale, music NFT platform OneOf and more.
The Tezos NFT experience will be on view from December 2–4, 2021, at the Miami Beach Convention Center. Please visit https://artbasel.com/miami-beach for more information.
For more information on Mario Klingemann, visit https://quasimondo.com/ and follow @quasimondo on Twitter and Instagram.
For press images, please click here (Photo Credit: Huge).
About Tezos
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit www.tezos.com.
About Art Basel
Founded in 1970 by gallerists from Basel, Art Basel today stages the world's premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, and Hong Kong. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms and a number of new initiatives such as the Art Basel and UBS Global Art Market Report, Intersections: The Art Basel Podcast and the BMW Art Journey. Art Basel's Global Media Partner is The Financial Times. For further information, please visit www.artbasel.com.
Tezos Press:
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WASHINGTON--(BUSINESS WIRE)--#affordableenergy--American families can expect to pay more to visit their loved ones this holiday season while also shelling out more for everything from food to toys due directly to increased fuel costs. A new report by Consumer Energy Alliance calculates just how much more consumers will have to pay for gasoline this winter. That includes price increases which translate into more costly goods and services, which hurts families, businesses and individuals – especially those on low and fixed incomes – who are already pinching pennies.
During these tough times, this new report helps to remind us how energy policies have ripple effects across our economy and real implications for real people. The average price of gasoline – slowly rising each week – is the highest it has been since October 2014. The average price to fill a typical vehicle costs consumers about $17 more than it did a year ago – up to $715 a year. That means less discretionary income and less savings for those who have little to save already – and less by the day with inflation climbing and food prices rising.
These price spikes continue to guzzle up more of American families’ monthly budgets and increase the costs of other consumer goods. A U.S. Census Bureau survey found that 29% of Americans surveyed had to reduce or forego expenses for basic household necessities to pay an energy bill in the last year. That survey was conducted before gasoline prices began rising at historic rates; meaning the amount of Americans going without basic necessities to pay higher energy bills will only continue to rise as prices trend upward.
“Energy touches every aspect of our lives and is woven into the fabric of our economy, so it is essential we have energy policies that reduce the cost burden for people,” CEA President David Holt said.
“Balanced energy policies that utilize our abundant oil and natural gas resources, produced under the strictest environmental safety standards in the world that help advance our environmental goals while meeting our energy needs, are the easiest, most reliable way to lessen the cost burden on consumers, manufacturers, truckers and farmers. Done right, good policies can help us meet our increasing demand for energy while achieving our global environmental goals. This should not be a choice between working toward net zero emissions and delivering safe, affordable, reliable energy to people’s homes.”
Highlights from the report:
To view the report, click here.
About Consumer Energy Alliance
Consumer Energy Alliance (CEA) is the leading voice for sensible energy and environmental policies for consumers, bringing together families, farmers, small businesses, distributors, producers, and manufacturers to support America’s environmentally sustainable energy future. With more than 550,000 members nationwide, we are committed to leading the nation’s dialogue around energy, its critical role in the economy, and how it supports the vital supply chains for the families and businesses that depend on them. CEA works daily to encourage communities across the nation to seek sensible, realistic, and environmentally responsible solutions to meet our nation’s energy needs.
Bryson Hull
(202) 657-2855
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--#DISYS--Research released today by Signature Consultants, a leading IT and professional staffing and solutions provider, uncovered a clear connection between the practice of kind leadership and a company’s ability to create an environment which facilitates and supports innovation. In fact, according to the groundbreaking Humankindex Survey of U.S. workers, leading with kindness is the most effective leadership style to drive innovation and competitive advantage in the marketplace.
A key component of the research is an index created to measure and track companies’ adoption and practice of kindness, called the Humankindex. Using a range from 1 to 100, the Humankindex calculates the degree to which U.S. companies and their leaders are adopting kindness as a core value and leadership style, as well as the impact on fostering innovation in the workplace using two components:
In its first annual release, the Humankindex for all U.S. companies is 58 and comprised of a Kindness Quotient of 31.5 and Innovation Capability of 26.5. According to U.S. workers, companies are more likely to be considered innovative when elements of kindness exist in the culture and leadership, including:
On the whole, when companies score higher on elements of the Kindness Quotient, they are 5X more likely to be considered innovative by employees.
“Kind leadership is a principle we have long-believed is not only the right cornerstone for our culture, but also the most effective way to drive success for our business and for those who contribute to it every day,” says Mahfuz Ahmed, Chief Executive Officer, Signature Consultants and DISYS. “We believe the COVID-19 pandemic has only amplified and expedited the potency of kindness in the workplace. With our Humankindex initiative, we now have data-based research to support the premise that linking mission and margin, kindness and knowledge, and profit and principle, can deliver considerable and measurable benefits.”
The Humankindex research also examined the degree to which company leaders have embraced kind leadership since the COVID-19 pandemic. According to the findings, nearly one-third (30%) of workers say their company’s leadership has embraced kindness as a value less so since the COVID-19 pandemic. Furthermore, 76% of workers say their company’s leadership has embraced the value of “profits before people” the same or more since the COVID-19 pandemic.
“In our reshaped world, kind leadership and values have proved to best inspire trust, inspiration, meaning, and innovation among today’s workers,” said Ahmed. “Yet, many have overlooked kindness as a powerful leadership quality, often mistaking it with niceness and a weakness. On the contrary, the aggressive, cutthroat ‘survival of the fittest’ approach has been replaced by a more humanistic approach to leadership and the ‘survival of the kindest.’ Our research has shown there is power in kindness, strength in kind leadership, and profitability in purpose, perhaps more so than any other time in recent history. As we work to put the pandemic behind us, kind leadership will play a significant role in helping employers win the battle for talent and strive toward innovation. ”
About the Humankindex.
The 2021 Humankindex Survey was conducted on behalf of Signature Consultants by national market data services firm, Dynata, between April 19 and April 26, 2021. The survey was administered online to 1,003 full-time (30+ hours per week) workers, ages 18 and older of whom represented a national survey. The margin of error for the national quote is +3%, reported at a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact Signature Consultants.
About Signature Consultants
Signature Consultants was established in 1997 with a singular focus: to provide clients and consultants with superior staffing solutions. With 29 locations throughout North America, Signature annually deploys thousands of consultants to support, run and manage their clients’ technology needs. Signature offers IT staffing, consulting, managed solutions and direct placement services. For more information on the company, please visit https://www.sigconsult.com. Signature Consultants was acquired by Digital Intelligence Systems, LLC (DISYS) in 2021.
Media Contact:
Sandra Schwartzman
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Itron Smart Pay Helps Utilities Empower Their Customers to Reduce Energy Usage and Save Money Through Flexible Billing and Payment Program
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#Itron--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the launch of Itron Smart Pay for utilities and cities in North America. Building on Itron’s global leadership in prepayment solutions, with 20 million prepay endpoints in over 20 countries, Itron Smart Pay is Itron’s first Software as a Service (SaaS) delivery program model in North America. The solution is designed for utilities to empower their customers to manage and pay for their energy consumption by providing flexible billing and payment solutions.
According to the Prepay Energy Working Group (PEWG), utilities who use prepay solutions can recover 80% of their consumer debt in one to two years, with over 80% customer satisfaction. The newly released PEWG annual report states that over 40% of Americans have used some type of prepay option and are very satisfied. Interest in voluntary prepay energy programs offered by utilities is at all-time high with 50% of respondents indicating some level of interest which is a 25% increase from their last survey.
Taking advantage of Itron Smart Pay, the prepayment solution can be highly efficient at utility debt recovery while still providing consumer satisfaction and consumer engagement through hourly utility bill calculations and active customer engagement messaging. Prepayment solutions give consumers greater awareness of their energy consumption, so they can reduce their usage and save money. The online portal, accessible through web and smart phones, offers consumers flexible payment options. Using Smart Pay utilities can offer no reconnection fees, no credit checks and the ability to reduce utility charges through enhanced energy usage information.
In conjunction with this initiative, Itron has entered into a strategic partnership with PayGo, a software and payments company, who has powered the underlining technology for Smart Pay which has been proven with deployments across North American utilities, both IOU and Public Power for over 10 years. In addition, Itron and PayGo will partner to provide additional prepay functionality utilizing Itron’s Distributed Intelligence (DI) platform.
“At Itron, we are always seeking ways to create additional value for our customers. Itron Smart Pay enables utilities to get more out of their AMI investments and improve customer engagement and satisfaction,” said Don Reeves, senior vice president of Outcomes at Itron. “Launching Itron Smart Pay during the COVID-19 pandemic in North America will help relieve some of the financial economic impact customers are facing by providing a program that allows them to take control of their energy usage. Itron Smart Pay brings value to both the utility and customer. With more than 25 years of experience in supporting utilities with prepayment solutions, we are looking forward to leading the way in the payment and consumer management segment in North America through Itron Smart Pay.”
Key benefits of Itron Smart Pay:
Itron Smart Pay is now available in North America. More information can be found on the Itron Smart Pay product page. For purchasing information, contact your Itron sales or channel representative.
Join Itron on Thursday, Nov. 18 at 12:00 p.m. PST for a free webinar to learn more about how utilities can recover losses, provide a flexible billing solution and increase customer satisfaction through Itron Smart Pay.
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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ORLANDO, Fla.--(BUSINESS WIRE)--#energytransition--Today, Florida Power & Light Company (FPL) and GE Digital celebrated the opening of the new cutting-edge Microgrid Control Lab at the University of Central Florida (UCF). The lab will serve as a state-of-the-art research facility and control room for engineering faculty and students. FPL and GE Digital are co-sponsoring the lab at UCF, which will feature control center equipment and software that students will use to simulate and test real-life grid control operations, including finding ways to optimize and keep the grid of the future secure.
“The Microgrid Control Lab provides unprecedented access to a modern grid control center that enables some of the brightest young minds in the country to collaborate, learn and help reimagine the energy grid of tomorrow,” said Jim Walsh, General Manager of GE Digital’s Grid Software business. “As renewable energy sources, like solar, continue to expand and evolve, the technology behind the grid has to keep up. It is critical that electrical and computer engineering talent have real-life experiences with the hardware and software than underpins the modern grid helping utilities securely deliver reliable clean energy.”
At today’s lab opening ceremony, leaders from the three organizations participated in a panel discussion focused on the engineering roles available to recent graduates in the energy sector and discussed opportunities for full-time employment. FPL and GE Digital together have approximately 400 UCF alumni in their workforces.
GE Digital also today announced a new internship program that invests in the development of its team and future grid engineering leaders. The program will offer UCF students an intensive experience in the utilities and power sectors and help students develop analytical and software development skills using emerging technologies like artificial intelligence and machine learning.
Currently, more than 1,400 undergraduate and graduate students at UCF are studying electrical or computer engineering - disciplines that support energy systems and electricity grids. Another 500-plus UCF students have indicated they plan to pursue an electrical or computer engineering major once prerequisite coursework is completed.
UCF’s College of Engineering and Computer Science offers a power and renewable energy track as part of its undergraduate programs. In addition, a graduate certificate is offered in sustainable and resilient energy systems. Through a faculty collaboration called RISES - Resilient, Intelligent and Sustainable Energy Systems - UCF researchers across multiple disciplines are working to develop sustainable and resilient energy systems and storage.
“This new facility is exactly the kind of strategic partnership that makes UCF a premiere choice for students with future-focused career goals. GE Digital and FPL have been both philanthropic investors and design collaborators in this lab, ensuring our students in this field will be industry-ready on day one of their careers,” UCF President Alexander Cartwright said. “It’s a win-win. Our students get a leading education in a lab environment, and both companies open up a pipeline of incredible talent for their workforce.”
The lab at UCF is designed to simulate the control center of a microgrid, a type of self-sufficient energy system that incorporates solar or other renewable energy sources and battery storage to power a small-scale area, independent of a large-scale grid.
“We are excited to bring this innovative research space to UCF engineering students,” said Ed De Varona, FPL’s Vice President of Transmission & Substation. “The lab is a terrific training ground for rising engineers to work directly with the latest technologies and help refine and innovate the way energy is transmitted and distributed across the grid now and in the future.”
The lab aims at safe, reliable, efficient and secure operation of large-scale distribution networks with extremely high penetration of renewables, a growing area in the energy industry. Through collaborating with industry and utility partners, UCF continues to offer students real-world opportunities as they prepare to go into careers that are shaping the future.
About the University of Central Florida
The University of Central Florida is a public research university in Orlando. Founded in 1963, UCF and its 13 colleges offer more than 220 degrees from the university’s main campus, downtown campus, hospitality campus, health sciences campus, online and through multiple regional locations. UCF is an academic, partnership and research leader in optics and lasers, modeling and simulation, engineering and computer science, and video game design. According to U.S. News & World Report, UCF ranks among the nation’s 20 most innovative universities.
About Florida Power & Light Company
Florida Power & Light Company is the largest vertically integrated rate-regulated electric utility energy company in the U.S. as measured by retail electricity produced and sold. The company serves more than 5.6 million customer accounts supporting more than 11 million residents across Florida with clean, reliable and affordable electricity. FPL operates one of the cleanest power generation fleets in the U.S and in 2020 won the ReliabilityOne® National Reliability Excellence Award for the fifth time in the last six years. The company was recognized in 2020 as one of the most trusted U.S. electric utilities by Escalent for the seventh consecutive year. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry in Fortune’s 2021 list of “World’s Most Admired Companies,” and recognized on Fortune’s 2021 list of companies that “Change the World.” NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, and www.NextEraEnergyResources.com.
About GE Digital
GE Digital transforms how our customers solve their toughest challenges by putting industrial data to work. Our mission is to bring simplicity, speed, and scale to digital transformation activities, with industrial software that delivers breakthrough business outcomes. GE Digital’s product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas, aviation, and manufacturing sectors change the way industry works. For more information, visit www.ge.com/digital.
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GE Digital
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Florida Power & Light Company
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University of Central Florida
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The latest venture capital financing underscores Interface Fluidics’ role as a tech innovator, supporting emissions reductions in the oil and gas industry
CALGARY, Alberta--(BUSINESS WIRE)--Calgary-based technology company Interface Fluidics has secured $6.7 million CAD ($5.4 million USD) from five investors to support Interface Fluidics’ technological innovation, which will revolutionize sampling collection and testing for the oil and gas industry. This technology platform will make collecting the data required to reduce freshwater and chemical consumption uniquely accessible by providing an exponentially faster, on-demand approach.
Interface Fluidics was founded in 2015 with the goal of revolutionizing how oil and gas companies think about fluids, both their impact on business decisions and the environment. This has led to breakthroughs for their customers when optimizing exploration and production strategies, and helped companies reduce their environmental impact. This is the third and largest financing round since the company was founded, with more than $11 million USD raised in total.
This latest investment was led by Equinor Ventures, a demonstrated leader in the energy transition, being the first offshore producer to electrify operations in their newest fields. Equinor is also developing Northern Lights, the world’s largest Carbon Capture and Storage (CCS) project. This financing will allow Interface technology to be put in the hands of clients in the field or the lab, cutting down on the shipping of hazardous chemicals and ensuring much faster test results.
“Equinor Ventures is excited to further strengthen the relationship with Interface Fluidics and support the development of their game-changing fluid analysis platform. Their technology will support the management of our existing oil and gas assets and shows potential for applications in carbon emissions reduction,” says Gareth Burns, Vice President of Equinor Ventures.
“Bringing in these foreign investments allows us to grow our team here in Alberta, potentially doubling the number of staff we currently have,” says Stuart Kinnear, Co-Founder and CEO of Interface Fluidics. “It’s a true vote of confidence in Canada’s ability to commercialize innovative technology.”
This investment will help Interface customers reduce emissions and costs. Which comes at the perfect time, considering the recent COP26 announcement for greenhouse gas emission caps for the oil and gas industry. On the impact of this investment, Kinnear says, “This additional capital will accelerate Interface Fluidics’ development of the industry’s first truly accessible fluid property analysis technology. It is another step toward our vision of helping to lower emissions in oil and gas through better data and smaller sample sizes."
The latest round of funding further cements Interface Fluidics’ position as a company that challenges the status quo and is leading the oil and gas sector with cutting-edge solutions-based technology. This once-startup now provides their services to major producers including Suncor, Equinor, Total, Cenovus, BP, Ovintiv, Saudi Aramco, and Petroleum Development Oman.
For more information about Interface Fluidics, please visit www.InterfaceFluidics.com
About Interface Fluidics:
Interface Fluidics is facilitating a net zero energy industry and the conservation of finite resources with fluid testing that is cost effective, rapid, and repeatable – and at higher pressures and temperatures. By providing more and better data, Interface is helping reduce emissions and increase efficiencies with visual insights at the microscopic level. The innovative, proprietary technology created by Interface Fluidics provides results that can increase ROI, reduce chemical costs, and take the guesswork out of operations.
InterfaceFluidics.com | LinkedIn | YouTube | Twitter
Leigh Nelson
+1.403.860.2080
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Company’s comprehensive solutions protect critical industrial OT, ICS, and IoT assets
HOUSTON--(BUSINESS WIRE)--#ICS--Audubon Companies, a leading engineering, procurement, fabrication and construction provider, announced today its strategic investment in a new start-up affiliate, Armexa, a next-generation industrial cybersecurity company. Founded by industrial cybersecurity experts Jacob Marzloff and Eric Forner, Armexa delivers end-to-end cybersecurity solutions that protect critical operational technology (OT) and industrial control system (ICS) environments against cyber risks to maintain resiliency of revenue-generating operations.
The age of digital transformation has dramatically increased the adoption of Internet of Things (IoT), remote access, and remote work within critical OT environments. The increased interoperability of digital elements has widened the threshold for cyberattacks and data breaches, which pose serious threats to clients’ infrastructure, privacy, and operations. Modern hackers can infiltrate connected devices; private and public networks; and vulnerable systems, devices, and programs.
Cutting-edge cybersecurity services from Armexa help organizations fortify their digital resiliency to safeguard their assets against ever-evolving cyber threats and to gain and maintain a competitive advantage in their markets. Armexa’s adaptive, scalable solutions leverage in-depth industrial, OT/ICS, and automation expertise at every stage of design, implementation, and maintenance—from the plant floor to the cloud.
Available as stand-alone offerings or delivered together in a customized solution suite, Armexa’s services include
“Armexa’s innovative approach provides a proactive solution that mitigates threats, manages risk, and accelerates business progress. I’m excited to collaborate together to ensure our clients’ targeted environments achieve the most stringent security available today,” said Ryan Hanemann, partner and president at Audubon Companies.
Eric Forner, Armexa co-founder and director of technology, commented that the relationship between Armexa and Audubon Companies will prove mutually beneficial: “Audubon’s reputation and top-tier client base will enable us to make a greater impact on protecting our clients’ business continuity while prioritizing security, compliance, and productivity.”
Armexa Co-Founder and Director of Operations Jacob Marzloff added, “This investment from Audubon Companies greatly supports our mission—helping industrial organizations improve their cyber maturity, reduce cyber risk, and build resilient operations.”
On Twitter: @audubonco
About Audubon Companies
Audubon Companies is a leading provider of engineering, consulting, construction, fabrication, and technical services supporting the energy, power, infrastructure, and industrial markets. Together with our family of companies (Audubon Engineering, Audubon Field Solutions, Audubon Industrial Solutions, Audubon Inspection Solutions, Audubon Carbon, Audubon Construction, Opero Energy, Affinity, and Armexa), we deliver repeatable project success—safely, on schedule, and within budget. For more information, visit auduboncompanies.com.
About Armexa
Armexa, an industrial cybersecurity company, provides end-to-end digital security solutions that protect critical OT/ICS infrastructure against advanced threats. We arm industrial clients with timely, proactive solutions that overcome today's business, security, and technology challenges.
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Recipients celebrated during Navis Connect, the virtual event in replace of Navis World 2021
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, today announced the winners of the Navis Inspire Awards during Navis Connect 2021, a global event bringing supply chain leaders together virtually.
The Inspire Awards celebrate Navis customers that demonstrated excellence in the industry and innovation across the six categories over the past two years. The categories awarded this year were Digital Transformation, Performance and Capacity Optimization, Sustainability, Collaboration Across Workers in the Cargo Flow, Automation and Dynamic Solution in the Pandemic. With the pandemic, logistics and supply chain companies were thrust into the spotlight as they adapted operations to meet extreme demand. The new award category seeks to salute the company that thrived despite the challenges of the pandemic.
“Our customers met the multitude of supply chain challenges spurred by the pandemic head on and we are looking forward to celebrating and honoring their achievements at Navis Connect,” said Andy Barrons, Chief Strategy Officer at Navis. “We are proud to acknowledge our terminal, ocean carriers, and other partners around the globe and celebrate an industry that kept the supply chain functioning and the flow of goods moving during a tumultuous time for the global community.”
Winners were selected through a judging panel based on innovation, ROI and project management. The 2021 Inspire Award winners are:
Individual Achievement Award Winners: This award recognizes Navis customer heroes who are change drivers at their organizations and in the industry. This year’s first winner, Joe Schofield, Chief Operations Officer at the Port of Tanjung Pelepas (PTP), has driven the adoption of disruptive digital solutions at his terminal and pushes his organization, Navis and the whole industry to creatively increase collaboration across stakeholders. The second winner, Dayu Zhang, Executive Director and Managing Director of COSCO Shipping and Ports, has pushed for standardization of the TOS across COSCO terminals to achieve operational excellence, high performance and cargo visibility.
For more information and to register for Navis Connect 2021, visit navisconnect.navis.com.
About Navis, LP
Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--REX Shares, LLC (“REX”) is pleased to announce the launch of two new MicroSectors Exchange Traded Notes (“ETNs”) issued by Bank of Montreal (“BMO”) linked to the Solactive MicroSectors™ Oil & Gas Exploration & Production Index (ticker: SOLOILT). MicroSectors™ Oil & Gas Exploration & Production 3x Leveraged ETNs (ticker: OILU) and MicroSectors™ Oil & Gas Exploration & Production -3x Inverse Leveraged ETNs (ticker: OILD) will start trading today on NYSE Arca.
The Solactive MicroSectors™ Oil & Gas Exploration & Production Index, was launched in October 2021, and tracks the stock prices of large-capitalization companies that are domiciled and listed in the U.S. and that are active in the exploration and production of oil and gas.
“We are excited to bring another pair of leveraged and inverse leveraged exchange-traded notes to market with BMO and Solactive,” said Scott Acheychek, President of REX. “MicroSectors focuses on innovating the exchange traded products (“ETPs”) landscape by offering targeted indices across popular market segments, such as U.S. energy, U.S. large cap banks, and U.S. big tech.”
About REX Shares
Founded in 2015, REX Shares (“REX”) is an independent provider of ETPs based in Fairfield, Connecticut. As ETP architects, the REX team creates investment vehicles that solve for a range of specific challenges in investor portfolios. The firm is rooted in decades of structuring and building inventive exchange-traded product solutions.
For more information, please visit www.rexshares.com or www.microsectors.com.
Twitter: @REXShares and @MSectors
The ETNs are senior, unsecured obligations of BMO.
Investment suitability must be determined individually for each investor, and the ETNs may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own financial advisors as to these matters.
The ETNs are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. They are designed to achieve their stated investment objectives on a daily basis. The returns on the ETNs over longer periods of time can, and most likely will, differ significantly from the return on a direct long or short investment in the index.
BMO, the issuer of the ETNs, has filed a registration statement (including a pricing supplement, a product supplement, a prospectus supplement and a prospectus) with the Securities and Exchange Commission (the “SEC”) about each of the offerings to which this free writing prospectus relates. Please read those documents and the other documents relating to these offerings BMO has filed with the SEC for more complete information about BMO and these offerings. These documents may be obtained without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Bank of Montreal, any agent or any dealer participating in these offerings will arrange to send the applicable pricing supplement, product supplement, prospectus supplement and prospectus if you so request by calling toll-free at 1-877-369-5412.
Solactive AG (“Solactive”) is the licensor of the Index. The notes are not sponsored, endorsed, promoted or sold by Solactive in any way, and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the notes; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive does not guarantee the accuracy and/or the completeness of the Index and shall not have any liability for any errors or omissions with respect thereto. Notwithstanding Solactive’s obligations to its licensees, Solactive reserves the right to change the methods of calculation or publication of the Index, and Solactive shall not be liable for any miscalculation of or any incorrect, delayed or interrupted publication with respect to the Index. Solactive shall not be liable for any damages, including, without limitation, any loss of profits or business, or any special, incidental, punitive, indirect or consequential damages suffered or incurred as a result of the use (or inability to use) of the Index.
MicroSectors™ and REX™ are registered trademarks of REX. The trademarks have been licensed for use for certain purposes by Bank of Montreal. The ETNs are not sponsored, endorsed, sold or promoted by REX or any of its affiliates or third-party licensors (collectively, "REX Index Parties"). REX Index Parties make no representation or warranty, express or implied, to the owners of the ETNs or any member of the public regarding the advisability of investing in securities generally or in the ETNs particularly or the ability of the Index to track general market performance. REX Index Parties' only relationship to Bank of Montreal with respect to the Index is the licensing of the Index and certain trademarks, service marks and/or trade names of REX Index Parties. REX Index Parties are not responsible for and have not participated in the determination of the prices, and amount of the ETNs or the timing of the issuance or sale of the ETNs or in the determination or calculation of the equation by which the ETNs are to be converted into cash. REX Index Parties have no obligation or liability in connection with the administration, marketing or trading of the ETNs. Inclusion of a security within an index is not a recommendation by REX Index Parties to buy, sell, or hold such security, nor is it considered to be investment advice.
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Offerings to provide significant time and cost benefits for the energy and process industries
REDWOOD CITY, Calif. & THE HAGUE, Netherlands--(BUSINESS WIRE)--C3 AI (NYSE:AI) and Shell (NYSE:RDS) today announced three new Shell products that will be available through the Open AI Initiative (OAI), an open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.
The OAI, launched by C3 AI, Shell, Baker Hughes and Microsoft in February 2021, provides an open framework for energy operators, service & equipment providers, and independent software vendors to offer interoperable solutions, powered by the BHC3 AI Suite and Microsoft Azure. The three new OAI products – Shell Process Optimiser for LNG, Shell Corrosion Advanced Risk Modelling and Analytics, and Shell Autonomous Integrity Recognition – target use cases that will solve key challenges for businesses in the energy industry. By using Shell’s proven domain-specific AI applications built on BHC3’s scalable AI application development platform and SaaS applications, businesses can rapidly move past data discovery and cleaning to application deployment and realization of value in critical business areas.
Details on the new offerings are outlined below:
These products expand the portfolio of solutions available to OAI subscribers and help accelerate the adoption of enterprise AI in the energy and process industries.
“Previously, there was no framework for Oil and Gas operators to subscribe to proven AI and advanced analytic solutions offered by other operators,” said C3 AI CEO Thomas M. Siebel. “By bringing more solutions built on the BHC3 AI Suite to the OAI, Shell is demonstrating market leadership and establishing the OAI as a one-of-a-kind model of collaboration.”
These applications also broaden the focus areas of the OAI offerings from asset and system reliability to facility and plant optimization and asset integrity, adding to an expanding portfolio of highly differentiated, domain-specific and proven AI applications and modules that are interoperable. These applications can be deployed together to realize business value and create scalable, futureproof reference architectures.
“The products announced today have already been deployed at Shell and have been proven to either create operational efficiencies and savings or generate additional revenue and opportunity,” said Dan Jeavons, Vice President Computational Science and Digital Innovation at Shell. “As more products are added to the growing OAI eco-system, we look forward to working with C3 AI, Baker Hughes, and the other ecosystem partners to build the next-generation platform for the future energy system.”
About C3.ai, Inc.
C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI® delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development. Learn more at: www.c3.ai.
About Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales‚ has its headquarters in The Hague and is listed on the London‚ Amsterdam‚ and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects. For further information, visit www.shell.com. The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this document “Shell” is sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general.
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SPRING, Texas--(BUSINESS WIRE)--ExxonMobil announced today the introduction of Mobil™ Solvancer®, a cost-effective, oil-soluble cleaner that offers industry-leading performance to help operators of power generation and petrochemical equipment improve equipment reliability and reach extended overhaul-to-overhaul goals. The product was developed with Fluitec, an industry leader in oil enhancement technologies, and is based on the company’s proven DECON™ technology.
Designed for gas and steam turbine applications, compressors and hydraulic systems, Mobil Solvancer offers industry-leading performance to support oil conversions, alleviate operational issues due to varnish, and help with oil life extension. The product can be added to in-service oils to help quickly dissolve varnish and organic deposits from within the system, helping address escalating bearing temperatures and avoid issues such as re-adhesion, transfer of deposits, filter fouling, and oil line flow blockage.
The cleaner offers one of the industry’s lowest treat rates1 – three to five percent compared to the average treat rate of 10-15% – allowing you to use less product to deliver the same level of protection. Mobil Solvancer also offers extended protection of more than one year, exceeding the longevity of most competitive products, thus helping operators optimize overhaul-to-overhaul periods.
“When operating power generation and petrochemical equipment, maximizing productivity and enhancing reliability is critical to minimizing downtime and driving your bottom line,” said Sarah Parsons, Industrial Lubricants Brand Manager. “That’s why we partnered with Fluitec, the industry’s leading oil enhancement technology company, to develop Mobil Solvancer, a cost-effective cleaner that can help operators dissolve varnish and deposits that can cause long-term harm to systems while keeping their equipment running longer between overhauls. That means less downtime – both planned and unplanned.”
Mobil Solvancer is gentle on systems and compatible with a wide range of oils, reducing the need for costly and laborious cleaning and flushing procedures. Specifically, the cleaner is compatible with lubricants and hydraulic oils formulated with API group I to IV base stocks and has no adverse impact on in-service oil or additive performance. Mobil Solvancer also offers exceptional seal compatibility, and it is benign to paints and coatings commonly used in gas and steam turbine applications, compressors and hydraulic systems.
“This relationship between ExxonMobil and Fluitec helps scale our patent-pending technology while bringing a high-value, cost-effective solution to Mobil’s customer base,” said Pierre Vanderkelen, Fluitec’s CEO. “We are delighted to work with such a world class organization and help fill a gap in the marketplace for such a value-add product.”
The new oil soluble cleaner is the latest addition to ExxonMobil’s portfolio of high-performance, Mobil-branded products and services for power generation applications. The Mobil business has more than 150 years of industry experience and expertise in the power generation and petrochemical sectors, having introduced many industry-leading products that push the boundaries of performance and help increase productivity and efficiency, including:
Most recently, ExxonMobil introduced Mobil SHC 918 EE, an oil that delivers overall turbine efficiency improvement of 0.09% when compared to conventional ISO 32 viscosity grade turbine oils and the first product to meet GE's rigorous energy efficient turbine oil specification, GEK 121603.
For more information on Mobil Solvancer, please visit: https://info.mobillubricants.com/mobil-solvancer
About ExxonMobil
ExxonMobil, the largest publicly traded international energy company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. For more information, visit www.exxonmobil.com or follow us on Twitter www.twitter.com/exxonmobil.
About Fluitec
Fluitec is the global leader in measuring, monitoring, and decontaminating industrial oils. Fluitec uses key technologies to transform lubricants into assets while increasing reliability and reducing the impact on the environment. Fluitec has a team of internationally recognized experts that centers around increasing the reliability and profitability of manufacturing plants, rotating equipment and transportation industries. Fluitec's technologies also reduce waste streams and lower CO2 output, has received Solar Impulse Efficient Solution label and is the first industrial lubricant company to achieve B Corp certification. Fluitec and Solvancer are registered trademarks of Fluitec. For more information visit www.fluitec.com
1 Actual results can vary depending upon the type of equipment used and its maintenance, operating conditions and environment, and any prior lubricant used.
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PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Agency for International Development (USAID) awarded the Company a five-year, $22 million, single-award global contract to improve sustainable water, sanitation, and hygiene (WASH) and promote climate-resilient water resource management (WRM).
Tetra Tech’s team of water and sanitation experts and researchers will provide technical services to support the USAID Urban Resilience by Building partnerships and Applying New evidence in WASH (URBAN WASH) program. Our teams will generate evidence for more impactful, sustainable, equitable, and climate-resilient WASH and WRM policy and programming in urban and peri-urban areas as well as support high-impact WASH and WRM interventions through collaboration with researchers, the private sector, civil society groups, government bodies, and multilateral institutions.
“Climate change poses significant challenges to provide safe and reliable water supplies for communities,” said Dan Batrack, Tetra Tech Chairman and CEO. “Tetra Tech has supported USAID to improve sustainable and equitable access to water and sanitation in developing countries for more than 40 years and we look forward to continuing to support USAID to enhance access to reliable water and sanitation services in urban settings worldwide.”
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
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DUBLIN--(BUSINESS WIRE)--The "Sailboat Market Size, Share & Trends Analysis Report By Hull Type (Monohull, Multi-hull), Length (Up to 20 ft., 20-50 ft., Above 50 ft.), By Region, And Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global sailboat market size is expected to reach USD 7.03 billion by 2028, expanding at a CAGR of 2.4% from 2021 to 2028
Increased investments in research and development activities is one of the major drivers for the market growth. Companies are collaborating with international engineering firms, yacht designers, and technological innovation providers to develop new models.
For instance, the HanseYachts Group uses Catia-a design software-which enables it to map the entire production and development process from the first design to the activation of production machines. Other companies are also adapting to changing market conditions and responding quickly to changing customer preferences to maintain their positions in the market.
The rising awareness about sustainability and the need to reduce carbon dioxide emissions have made suppliers and shipyards actively invest in more sustainable solutions. For instance, to offer a diverse portfolio that is more environmentally friendly, Rolls-Royce Power Systems is investing in the research and development of various sustainable technologies.
Revenues generated on the sales of motor yachts account for a much smaller portion of the total revenue of the market compared to those generated on the sales of sailing yachts. Companies are expanding their product portfolios to include motor yachts. For instance, the HanseYachts Group continues to invest in expanding the product portfolio of its Sealine and Fjord brands and regionally expanding or reinforcing the dealer network.
Companies face intense competition in the international market. Consequently, changing economic conditions in key sales markets impact the demand for products despite the broad regional diversification of international dealer networks. The military conflicts in the Middle East could affect sales in Middle Eastern countries.
The U.K.'s departure from the European Union and the continuing uncertainties regarding the future economic relations between the U.K and the European Union, loss in value of the Turkish lira, and trade protectionism in the U.S. could negatively affect unit sales for companies exporting boats in these countries.
Sailboat Market Report Highlights
Market Dynamics
Market driver analysis
Market challenge analysis
Market opportunity analysis
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/6xab3t
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Bringing complementary solutions to the growing ecosystem, Kongsberg Digital and MathWorks will help further transform the energy industry
THE HAGUE, Netherlands & REDWOOD CITY, Calif. & KONGSBERG, Norway & NATICK, Mass.--(BUSINESS WIRE)--Shell (NYSE:RDS) and C3 AI (NYSE:AI) today announced that Kongsberg Digital and MathWorks will join the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.
The OAI was launched by C3 AI, Shell, Baker Hughes, and Microsoft in February 2021. As the first independent software vendors to join the OAI, Kongsberg Digital and MathWorks will offer solutions that complement current offerings and help further transform the energy industry. Kongsberg Digital provides next-generation software and digital solutions to customers in maritime, oil and gas, and utilities, helping increase safety, reduce costs, and save time on land, underwater, and offshore.
MathWorks is the leading developer of mathematical computing software, and its MATLAB and Simulink platforms are widely used to accelerate discovery, innovation, and development in engineering and science. Select solutions built on the Kongsberg Digital or MathWorks platforms are expected to be available through the OAI beginning in 2022. These offerings will be interoperable with existing OAI solutions delivered by OAI founding members. Trials are underway at Shell to demonstrate the business value of these integrated offerings.
The details of the upcoming solutions from Kongsberg Digital and MathWorks are outlined below:
“Still in its first year, the OAI is making exceptional progress towards helping the energy industry embrace new technologies and ensure climate security,” said C3 AI CEO Thomas M. Siebel. “Welcoming Kongsberg Digital and MathWorks into our ecosystem of global leaders today is a significant step in driving cleaner energy and climate initiatives through enterprise AI.”
“Kongsberg Digital is excited to be among the first software vendors to join OAI and collaborate with others to take the energy industry forward,” said Hege Skryseth, President of Kongsberg Digital and EVP at KONGSBERG. “By integrating our solutions with companies at the forefront of digital technology and AI, we provide a tool that will help energy providers predict failures, reduce costs, and stay operational. We are excited to collaborate and innovate through the Open AI Energy Initiative to deliver solutions that enable more sustainable operations for the energy industry.”
“Enabling energy providers to monitor gas emissions for regulatory compliance is one of many applications powered by MATLAB that can become an important part of the OAI’s growing lineup of solutions to advance climate security and provide value-added services,” said Jim Tung, MathWorks Fellow. “We’re proud to join the OAI early on its journey to transform the energy industry, and we look forward to working together to bring new innovations forward.”
“The Open AI Energy Initiative was always intended to be an eco-system of partners who work together to develop the digital energy platform of the future,” said Dan Jeavons, Vice President Computational Science and Digital Innovation at Shell. “We are delighted to integrate MathWorks and Kongsberg Digital’s capabilities into this eco-system. At Shell we are already deploying their technologies and we expect their impact to grow in the coming years.”
“Meeting the needs of today’s energy industry requires an eco-system of equipment providers, domain experts, and industrial software for energy operations,” said Dan Brennan, Vice President and General Manager of BakerHughesC3.ai at Baker Hughes. “The Open AI Energy Initiative (OAI) provides an opportunity for domain-specific solutions to utilize leading AI and advanced software capabilities for energy operators, helping the industry adopt AI at pace and scale to deliver critical operational efficiencies and emissions reductions targets.”
Learn more about the Open AI Energy Initiative and its reliability solutions at https://bakerhughesc3.ai/products/bhc3-oai/
About C3.ai, Inc.
C3.ai, Inc. (NYSE:AI) is the Enterprise AI application software company that accelerates digital transformation for organizations globally. C3 AI® delivers a family of fully integrated products: C3 AI® Suite, an end-to-end platform for developing, deploying, and operating large-scale AI applications; C3 AI Applications, a portfolio of industry-specific SaaS AI applications; C3 AI CRM, a suite of industry-specific CRM applications designed for AI and machine learning; and C3 AI Ex Machina, a no-code AI solution to apply data science to everyday business problems. The core of the C3 AI offering is an open, model-driven AI architecture that dramatically simplifies data science and application development. Learn more at: www.c3.ai.
About Kongsberg Digital
Kongsberg Digital, a subsidiary of KONGSBERG, is a provider of next-generation software and digital solutions, to customers within maritime, oil and gas, and renewables and utilities. The company consists of more than 500 software experts with leading competence within the internet of things, smart data, artificial intelligence, maritime simulation, automation and autonomous operations. Kongsberg Digital is the group-wide center of digital expertise for the KONGSBERG group.
About Kongsberg
KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 25.6bn in 2020.
About MathWorks
MathWorks is the leading developer of mathematical computing software. MATLAB, the language of engineers and scientists, is a programming environment for algorithm development, data analysis, visualization, and numeric computation. Simulink is a block diagram environment for simulation and Model-Based Design of multidomain and embedded engineering systems. Engineers and scientists worldwide rely on these products to accelerate the pace of discovery, innovation, and development in automotive, aerospace, communications, electronics, industrial automation, and other industries. MATLAB and Simulink are also fundamental teaching and research tools in the world’s universities and learning institutions. Founded in 1984, MathWorks employs more than 5000 people in 16 countries, with headquarters in Natick, Massachusetts, USA. For additional information, visit mathworks.com.
About Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales‚ has its headquarters in The Hague and is listed on the London‚ Amsterdam‚ and New York stock exchanges. Shell companies have operations in more than 70 countries and territories with businesses including oil and gas exploration and production; production and marketing of liquefied natural gas and gas to liquids; manufacturing‚ marketing and shipping of oil products and chemicals and renewable energy projects. For further information‚ visit www.shell.com.
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AES Clean Energy taps global water and power infrastructure leader to oversee development of pumped storage project that will offset millions of gallons of fossil fuels annually
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Black & Veatch has been selected by AES Clean Energy (AES) to serve as owner’s engineer for the pumped storage and hydropower portion of the West Kaua‘i Energy Project, which will be a critical step in helping the state move closer to its target of 100-percent locally produced renewable energy by 2045. When complete, the overall program will reduce dependency on fossil fuels – offsetting the use of 8.5 million gallons of fossil fuels annually – for the island’s more than 70,000 residents.
Located on the Hawaiian island of Kaua‘i, the West Kaua‘i Energy Project (WKEP) is an integrated renewable energy and irrigation project that includes energy production with pumped storage hydropower, conventional hydropower, solar photovoltaic generation and battery energy storage. WKEP is a key component in the state’s decarbonization plans, as it will move Kaua‘i to more than 80-percent renewable generation and fulfill up to 25 percent of the island’s energy needs.
The pumped storage portion of the project will pump water from the lower Mānā Reservoir to the upper Pu‘u ‘Ōpae Reservoir using energy production from the solar PV portion of the project. During the evening peak, nighttime and morning peak hours (as well as during periods of rainy or cloudy weather), water will be sent back to the lower reservoir via gravity penstock from Pu‘u ‘Ōpae, through the Mānā Powerhouse and its 20-MW Pelton turbine to generate renewable power for the grid. The process will cycle between daytime pumping and nighttime generation perpetually.
“Renewable energy and energy storage are key components of the decarbonization movement,” said Carlos Araoz, vice president and managing director of Black & Veatch’s hydropower and hydraulic structures business line. “This project not only features renewable energy in the form of pumped storage hydropower, it couples it with solar energy and battery storage in a renewable energy program that will play a significant role in helping both the island of Kaua‘i and the state of Hawai‘i reduce its reliance on fossil fuels.”
Kaua‘i Island Utility Cooperative (KIUC) signed agreements with AES for the development, construction and operation of the cooperative’s solar pumped storage hydro project and a power purchase agreement (PPA) was executed and filed with the Hawai‘i Public Utilities Commission on December 31, 2020. As owner’s engineer, Black & Veatch will support AES in development of technical design criteria for hydro power and hydraulic structures of the project, providing design and constructability reviews, reviewing technical and procurement specifications, performing factory inspections and witnessing acceptance testing as well as providing construction and commissioning support and closing out the project.
The project is expected to stabilize and reduce energy rates over time, and provide agricultural, community and recreational benefits through water delivery. Restoring stream flows on four Waimea River tributaries in Kōkeʻe will improve the river’s natural habitat, while rehabilitation of three reservoirs will also assist first responders in fighting wildfires in the area.
“It’s an exciting project,” Araoz said. “We’re proud to be partnered together with AES Clean Energy to help make this sustainable project a reality.”
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
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Partnership Allows Multi-Unit Properties to Drive Property Engagement Through Sustainability; Simplifies EV Charger Installation and Driver Experience
IRVINE, Calif. & NEW YORK--(BUSINESS WIRE)--EVPassport, the EV charging hardware and software platform for purpose-driven organizations, today announced a partnership with Qmerit, a leader in green energy transformation with the largest nationwide network of certified electrical installers for EV charging. Through the partnership, Qmerit’s network of contractors provide installation services and support of EVPassport chargers at multi-unit dwelling (MUD) locations, delivering a frictionless, end-to-end EV charging experience.
“Expanding our apartment and multi-unit business is a top priority,” said Tom Bowen, President of Qmerit Solutions, Qmerit. “We’re dedicated to providing customers with turnkey EV charger installations and electrical support, but that’s only half the battle. That same experience must extend to property residents and guests while charging EVs. By partnering with EVPassport, we’re providing the most seamless experience — for properties and residents — from installation to charge.”
Industry research shows that 59% of multi-unit residents will pay more to live in a green or sustainable community. The partnership allows properties to accelerate EV charging adoption by leveraging Qmerit’s skilled technicians and national network of utility partners to provide the necessary electrical capacity for EV charging and install EVPassport chargers.
Built around the ability to scan a QR code, pay and go, EVPassport’s API-driven platform and flexible pricing model deliver a seamless, pay-as-you-go charging experience, without requiring drivers to download an additional app or create a separate provider account. The company’s robust APIs allow properties to integrate live EVPassport chargers directly into existing software platforms — providing a branded charging experience that is compatible with any vehicle. To deliver a true end-to-end service, Qmerit and EVPassport assist property owners through government-backed rebate and incentive programs for installing EV chargers.
“Multi-unit properties understand the value of adopting EV charging and providing guests with a frictionless charging experience, but it can be a difficult, fragmented process,” said Hooman Shahidi, President, EVPassport. “Together with Qmerit, we’re providing a joint offering that makes it effortless from start to finish. We look forward to working together to allow properties to realize their sustainability goals and drive engagement.”
About Qmerit
Qmerit, headquartered in Irvine, California, simplifies the adoption of electrification products for residential and small business markets. A leader in green energy transformation, the company provides value-driven services throughout the renewable energy equipment implementation lifecycle. This is delivered through Qmerit’s network of company owned contractors, independent Certified Solutions Partners and Certified Installers, who are skilled in system implementation and integration as well as ongoing support and maintenance. Combining this nation-wide network of certified electrical contractors with the company’s purpose-built digital managed services platform and white-glove concierge services, Qmerit delivers customers an unmatched quality experience related to electric vehicle charging stations, battery storage systems, solar system integration and microgrid solutions. For more information on Qmerit, please visit: Qmerit.com.
About EVPassport
EVPassport is the EV charging hardware and software platform for purpose-driven organizations. Brands committed to sustainability rely on EVPassport to provide their customers with the most seamless payment experience to charge any electric vehicle without requiring a separate app, account or a top-up balance. And EVPassport is the only platform that enhances customer engagement for these companies by providing custom branded hardware with API-powered software that easily integrates with their existing applications and services. For more information, follow EVPassport on Twitter (@EVPassport), Instagram (@EVPassport) and LinkedIn, or visit www.EVPassport.com.
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VISTA, Calif.--(BUSINESS WIRE)--$FLUX #GSE--Flux Power Holdings, Inc. (“Flux Power”) (NASDAQ: FLUX), a developer of advanced lithium-ion battery packs for commercial and industrial equipment, today announced that its financial results for the First Quarter, Fiscal Year 2022 (Q1’22) will be released before the market opens on Friday, November 12, 2021.
Flux Power will host a conference call later that day at 4:30 PM Eastern Time where CEO Ron Dutt & CFO Chuck Scheiwe will discuss the financial results and provide a company update.
Investors and analysts interested in joining the call are invited to dial (833) 428-8374 or (270) 240-0543 for international callers. The conference ID is 2915539. A recording of the conference call will be uploaded to the Flux Power website once it is available.
About Flux Power Holdings, Inc. (www.fluxpower.com)
Flux Power designs, develops, manufactures, and sells advanced lithium-ion energy storage solutions for lift trucks, and other industrial equipment including airport ground support equipment (GSE), solar energy storage, and other commercial applications. Our “LiFT Pack” battery packs, including our proprietary battery management system (BMS) and telemetry, provide our customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions.
Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.
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