PASADENA, Calif.--(BUSINESS WIRE)--#BillGross--Heliogen, a leading provider of AI-enabled concentrated solar energy, today announced further significant steps toward deployment of its new solar energy technology with Woodside Energy (USA) Inc., a wholly-owned subsidiary of leading Australian energy producer Woodside Petroleum Ltd (ASX: WPL), with the potential to play a significant role in the development of Woodside’s future energy business.
Heliogen has been granted by Woodside a Limited Notice To Proceed (“LNTP”) to begin procurement of key equipment for a 5 megawatt (MW) commercial-scale demonstration facility in California. The proposed facility will use Heliogen’s AI-enabled concentrated solar technology.
The issuance of the LNTP marks a critical step in the collaboration and follows a joint six-month feasibility study by Woodside and Heliogen and a front-end engineering and design (“FEED”) contract that commenced earlier in 2021. The companies expect Full Notice to Proceed and construction to begin in 2022.
Heliogen’s breakthrough technology is a modular, turnkey, AI-enabled concentrated solar energy system that aims to deliver clean energy with nearly 24/7 availability. The facility will utilize advanced computer vision software that precisely aligns an array of mirrors to reflect sunlight to a single target on the top of a solar tower, thereby enabling low-cost storage in the form of high-temperature thermal energy. Heliogen’s customers can opt to build on the baseline system that provides industrial-grade heat by adding thermal energy storage systems, a turbine for power generation, and electrolyzers for green hydrogen production.
The two companies also announced their intent to jointly market Heliogen’s technology in the US and Australia. Under the proposed joint marketing arrangement, the companies will consider establishing a roadmap to collaborate on additional potential renewable energy projects, including replicating and scaling Heliogen’s modular, AI-enabled concentrated solar facility to support Woodside’s forecasted power requirements at its international locations, noting Woodside’s commitments to reduce net emissions from its existing and future businesses. The arrangements under discussion include a framework to design, optimize and sell modularized industrial-scale and cost-competitive integrated renewable energy and hydrogen solutions in the US, and marketing rights for Woodside in Australia.
Woodside CEO Meg O’Neill said the new collaboration with Heliogen demonstrated Woodside’s focus on developing innovative technologies to meet customer requirements for low-cost, lower-carbon energy.
“This is a significant step toward the development of our first facility with Heliogen, which we hope will be just the start of our ongoing collaboration.”
“Heliogen’s innovative technology could play a key supporting role in development of Woodside’s zero-carbon hydrogen and ammonia business, which would rely on access to abundant and reliable renewable power.”
“We are also excited about the marketing rights for Heliogen’s technology in Australia, where our abundant solar energy resources support application of this technology in remote power generation and other industrial processes,” she said.
“Heliogen’s AI-enabled concentrated solar technology has the potential to transform heavy industry by turning sunlight into a zero-carbon source of heat, power and hydrogen that is nearly always available,” said Heliogen CEO and founder, Bill Gross. “Although costs of large-scale solar are falling, conventional solar technologies are not yet cost-competitive with fossil fuels in most energy markets due to their intermittent availability. Heliogen’s technology aims to close this gap through the use of AI, software and thermal storage. As the energy sector is ripe for applications of green hydrogen fuels and decarbonization strategies, Woodside is an ideal collaborator for our breakthrough solar technology, which will support the operational characteristics of heavy industry. We are excited to reach this important milestone in our relationship with Woodside and look forward to helping them to efficiently achieve their sustainability targets.”
About Heliogen
Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and empowering 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, and 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.
On July 6, 2021, Heliogen entered into a definitive business combination agreement with Athena Technology Acquisition Corp. (NYSE: ATHN). Upon the closing of the business combination, Heliogen will become publicly traded on the New York Stock Exchange under the new ticker symbol "HLGN". Additional information about the transaction can be viewed here: https://heliogen.com/investor-center/.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Woodside
Woodside led the development of the LNG industry in Australia and is applying this same pioneering spirit to solving future energy challenges. The company is recognised for its world-class capabilities as an integrated upstream supplier of energy with a focus on LNG, which is a lower-emissions, competitive fuel ideally suited to supporting decarbonisation and improving air quality. Woodside is working to improve its energy efficiency, reduce and offset emissions, and explore options for lower-carbon energy in line with its aspiration to achieve net zero by 2050. Woodside seeks out opportunities to improve business performance through innovative thinking and applying technologies developed outside its industry.
Additional Information and Where to Find It
In connection with the proposed business combination, Athena Technology Acquisition Corp. (“Athena”) has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 containing a preliminary proxy statement and a preliminary prospectus which has not yet become effective. After the registration statement is declared effective, Athena will mail a definitive proxy statement/prospectus relating to the proposed business combination to its stockholders. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. Additional information about the proposed business combination and related transactions will be described in Athena’s combined proxy statement/prospectus relating to the proposed business combination and the businesses of Athena and Heliogen, Inc. (“Heliogen”), which Athena has filed with the SEC. The proposed business combination and related transactions will be submitted to stockholders of Athena for their consideration. Athena’s stockholders and other interested persons are advised to read the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus, when available, and other documents filed in connection with Athena’s solicitation of proxies for its special meeting of stockholders to be held to approve, among other things, the proposed business combination and related transactions, because these materials will contain important information about Heliogen, Athena and the proposed business combination and related transactions. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of Athena as of a record date to be established for voting on the proposed business combination and related transactions. Stockholders may also obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed with the SEC by Athena, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Phyllis Newhouse, President and Chief Executive Officer, Athena Technology Acquisition Corp., 125 Townpark Drive, Suite 300, Kennesaw, GA 30144, or by telephone at (970) 924-0446.
Participants in the Solicitation
Athena, Heliogen and their respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from Athena’s stockholders in respect of the proposed business combination and related transactions. Information regarding Athena’s directors and executive officers is available in its Registration Statement on Form S-1 and the prospectus included therein filed with the SEC on March 3, 2021. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be contained in the preliminary and definitive proxy statements/prospectus related to the proposed business combination and related transactions when it becomes available, and which can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Heliogen Media Contact:
Leo Traub, Antenna Group for Heliogen
This email address is being protected from spambots. You need JavaScript enabled to view it.
+ 1 646 883 3562
Heliogen Investor Contact:
Caldwell Bailey
ICR, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
Woodside Media Contact:
Christine Forster, Media Relations Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
+61 484 112 469
OneStream selected to replace Excel to unify planning and reporting
BIRMINGHAM, Mich.--(BUSINESS WIRE)--Petroleum Service Corporation (PSC), the North American leader in product handling, site logistics and sustainability services for the petrochemical and refining industries, has selected corporate performance management (CPM) vendor OneStream Software to streamline and unify the company’s finance operations.
After a thorough evaluation process, OneStream was ultimately selected for its comprehensive platform and commitment to customer success. PSC will replace Excel with OneStream’s Intelligent Finance platform to unify their financial processes across planning, reporting and account reconciliations.
“Selecting OneStream was based on a valued partnership, building a solution that will modernize our complex financial processes across PSC in a single, unified platform,” said Lynn Nazareth, CFO at PSC. “OneStream’s Extensible Dimensionality® will allow us to derive key insights across multiple lines of business with the flexibility to scale as the company continues to grow, while the seamless integration with ADP and NetSuite allows for a single source of truth for data across the enterprise.”
PSC has chosen OneStream Diamond Level Partner and global digital consultancy Perficient as their implementation partner. Phase One of the project will include workforce planning and reporting, focusing on a direct connection to NetSuite and integration to ADP. Phase Two will include a roll-out of additional planning and reporting capabilities and solutions, along with account reconciliations. Following Phase Two, PSC will explore utilizing OneStream for account reconciliations as well as close management and consolidations. “Perficient is proud to be selected as PSC’s implementation partner to help transform their financial processes. Together we will build an enduring solution that will evolve as PSC grows, leveraging modern tools and technologies to drive success for their customers,” said Charles Ramirez, CPM Practice Director at Perficient.
“We are honored to be chosen by PSC as a trusted partner to modernize their financial processes,” said Mark Ardis, Named Account Manager at OneStream. “OneStream’s platform capabilities proved to be the best fit to meet PSC’s needs as they digitally transform, with the OneStream MarketPlace offering solutions for PSC to expand their use of the platform into people planning, capital planning, task manager and parcel services to provide innovative insights across the enterprise as the company continues to grow.”
About Petroleum Service Corporation
For nearly 70 years, Petroleum Service Corporation has been committed to safely and efficiently meeting the product handling and site logistics needs of top-tier companies in the refining, chemical, and marine industries. The company's 3,500+ employees serve at more than 125 refineries, terminals and chemical plants across the U.S., providing expertise in tankering barges, operating terminals and docks, railcar repair and switching, warehousing, and loading/unloading of railcars and trucks with a variety of oil products, plastics and chemicals. PSC also offers an array of sustainability and vacuum truck services to support plastics producers with Operation Clean Sweep compliance and the circular economy.
About OneStream Software
OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close and consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.
OneStream is an independent software company backed by private equity investors KKR, D1 Capital Partners, Tiger Global and IGSB. With over 750 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestreamsoftware.com.
OneStream Software
PAN Communications
Kristen Hyle
This email address is being protected from spambots. You need JavaScript enabled to view it.
DURHAM, N.C. & SHANGHAI--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, today announced that ZINSIGHT Technology (Shanghai) Co., Ltd., an innovator of advanced electric drive systems, will utilize Wolfspeed® 1200V Silicon Carbide MOSFETs in its advanced motor controller for ultra-high-speed air compressors in fuel cell vehicle (FCV) engines.
Consumer demand for zero-emission vehicles such as battery-electric vehicles (BEVs) and FCVs is expected to increase over the next decade as automakers and government entities shift focus away from production of internal combustion engine vehicles for a cleaner and more sustainable future. The use of Silicon Carbide in BEVs and FCVs results in significant cost savings, while high-efficiency power modules enable lower energy losses and higher range.
“The air compressor is one of the most critical components in FCV engines, affecting both efficiency and volume,” said Dr. Shi Jingkui, CEO of ZINSIGHT. “We partnered with Wolfspeed to harness its leadership in Silicon Carbide and ensure our technologies deliver best-in-class performance in speed, performance, efficiency, reliability and electromagnetic compatibility (EMC).”
Using Wolfspeed’s industry-leading 1200V Silicon Carbide MOSFETs, ZINSIGHT developed an ultra-high-speed motor controller for use in FCV air compressors. The 35kW HS35 solution provides enhanced efficiency and energy production, achieving more precise motor control over the entire FCV speed range.
“This collaboration further diversifies our automotive pipeline as we bring Silicon Carbide technology to fuel cell vehicles,” said Jay Cameron, senior vice president and general manager for Wolfspeed Power. “Wolfspeed Silicon Carbide enables our customers to provide best-in-class efficiency as they help automakers lead the transition to a more sustainable future.”
As a pure-play semiconductor powerhouse, Wolfspeed is leading the industry transition from silicon to Silicon Carbide in the automotive sector as it transitions away from internal combustion engines.
About ZINSIGHT:
ZINSIGHT focuses on the high-end electrical machine drive and systems based on Silicon Carbide (SiC) technology. Relying on over ten years of industrial experience in design and development with SiC, the company launched the SiCTeX™ series high performance motor drives, which can be widely used in FCV air compressor, micro turbine generator, centrifugal compressor as well as the electrical propulsion system in aircraft and other special purpose vehicles.
About Wolfspeed, Inc.:
Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power-switching devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.
Forward Looking Statements:
This press release contains forward-looking statements by Wolfspeed involving risks and uncertainties, both known and unknown, that may cause Wolfspeed’s actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may be unable to manufacture these new products with sufficiently low cost to offer them at competitive prices or with acceptable margins; the risk we may encounter delays or other difficulties in ramping up production of our new products; customer acceptance of our new products; the rapid development of new technology and competing products that may impair demand or render Wolfspeed’s products obsolete; and other factors discussed in Wolfspeed’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 27, 2021, and subsequent filings. For additional product and company information, please refer to www.wolfspeed.com.
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
Media Relations:
Joanne Latham
VP, Corporate Marketing
919-407-5750
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations:
Tyler Gronbach
VP, Investor Relations
919-407-4820
This email address is being protected from spambots. You need JavaScript enabled to view it.
TURKU, Finland--(BUSINESS WIRE)--#CADMATIC--SFW is a provider of power, energy storage and environmental technologies and services for the global energy industry and has now entered into an agreement with CADMATIC Ltd to implement CADMATIC 3D plant design and information management solutions in their engineering projects in Finland, Poland, India, and China.
The goal of the investment is to shorten lead times in design, engineering, and construction, improve the quality of design, and harmonize working methods across its international office network and subcontractors.
The design and construction of a power plant is an extremely complex process that requires the integration of multiple design, engineering and construction disciplines, and many suppliers. CADMATIC software is an important element to streamline the process from design and engineering to construction and production and seamlessly integrate multiple parties in one project.
Technical advantages in 3D Design, work-sharing, information management, and visualization were key factors for taking CADMATIC on use. It supports SFW’s plans for digitalization and expanding product portfolio.
“Adding CADMATIC software will improve the digitalization of our products and enables us to offer new services to our customers. Our co-operation has started well, and we look forward to a productive collaboration,” says Kari Asikainen, Vice President, Engineering Development, SFW.
“The agreement with Sumitomo SHI FW is further proof that our integrated data-driven solutions continue to provide key companies in the power and process industries with a competitive advantage. We are excited about being part of development SFW does through their extensive design and engineering network all over the world,” says CADMATIC CEO Jukka Rantala.
About Sumitomo SHI FW
SFW is a provider of power, energy storage and environmental technologies and services for the global energy industry. We strive to provide sustainable energy solutions for a wide portfolio of customer needs in power generation, energy storage, and digital services. Our quality and service rely on our 1,800 talented people with deep know-how and experience in the industry.
About CADMATIC
CADMATIC Ltd is a leading developer of digital and intelligent 3D design and information management software solutions for the power, process, marine, and construction industries. Its growing customer base includes over 6000 customer organizations in 60 countries. CADMATIC's business has shown strong annual average growth of over 20% in recent years. CADMATIC’s headquarters are located in Finland. In addition, the company has offices in Australia, Canada, China, Estonia, Hungary, India, Italy, the Netherlands, Poland, Russia, Singapore, South Africa, South Korea, Spain, Sweden, and the UAE, as well as certified resellers in over 15 countries.
Further information:
CADMATIC
Martin Brink, Marketing & PR Specialist
tel. + 27 76 593 0010
This email address is being protected from spambots. You need JavaScript enabled to view it.
MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) is pleased to announce that Pallinghurst Graphite International Limited (“Pallinghurst”), the holder of a secured convertible bond in the principal amount of C$15 million (the “Convertible Bond”), as announced in the press release dated July 15, 2020, has converted the full outstanding principal amount of the Convertible Bond to common shares of the Company. This decision further demonstrates Pallinghurst’s significant and continuing support for the Company and its ongoing project development initiatives, as it strives to become a key player in the sustainable energy revolution.
Importantly, all related security to secure the obligations of the Company under the Convertible Bond will be released and discharged, which will provide the Company with increased flexibility for its project financing initiatives, as it moves towards the next stage of development.
The Convertible Bond was converted in two tranches: 1,875,000 common shares were received by Pallinghurst on exercise of the first tranche and distributed by Pallinghurst to its investors, which include Messrs. Arne H Frandsen and Andrew Willis, who are directors of the Company. 5,625,000 common shares were subsequently issued to Pallinghurst in respect of conversion of the second tranche.
In addition, and pursuant to the terms of the Convertible Bond, the Company has elected to settle the accrued and unpaid interest owing under the Convertible Bond of C$1,900,463 by issuing an additional 220,471 common shares of the share capital of the Company (the “Interest Shares”) at C$8.62 per Interest Share, in accordance with the rules of the TSX Venture Exchange. Following the issuance of the Interest Shares, all amounts payable pursuant to the Convertible Bond will have been settled in full.
Following the exercise of the Convertible Bond, the distribution to Pallinghurst investors, and receipt of the Interest Shares, together with its existing holdings, Pallinghurst, together with its subsidiary will own 11,541,014 common shares of the Company representing approximately 21% of the issued and outstanding common shares of the Company.
Arne H Frandsen, Managing Partner and Co-Founder of The Pallinghurst Group said: “Pallinghurst is delighted to continue its support of Nouveau Monde and today’s announcement indicates our firm belief that Nouveau Monde is set to become a significant, fully integrated supplier of carbon-neutral battery anode material in the future. As the Company’s largest shareholder, Pallinghurst looks forward to continuing to work closely with management as we develop what is projected to be the Western World’s largest battery grade graphite operation, with best-in-class ESG credentials.”
Eric Desaulniers, Founder, President and CEO of Nouveau Monde added: “Developing a large-scale battery mining and transformation project is a journey that can only be achieved with long term investors like Pallinghurst who support and embrace our vision, while enhancing our business plan with their experience and execution discipline. The whole team at Nouveau Monde and myself are looking forward to our continuing collaboration with Pallinghurst as we work towards delivering our next exciting milestones in support of an anode material supply chain in America for the benefit of all of Nouveau Monde’s stakeholders.”
The payment of interest in the form of Interest Shares of the Company takes place in favor of Pallinghurst, a holder of more than 10% of the securities of the Company, which constitutes a “transaction with a related party” within the meaning of Regulation 61-101 on measures to protect minority holders during specific transactions (“Regulation 61-101”) and within the meaning of Policy 5.9 of the Stock Exchange - Measures to protect minority holders during specific transactions. However, the directors of the Company have determined that the exemptions from the official valuation obligation and the approval of minority holders, provided for in sections 5.5 a) and 5.7 1) a) of Regulation 61-101 respectively, may be invoked as neither the fair market value of the shares issued to this insider nor the fair market value of the consideration exceed 25% of the market capitalization of the Company. No director of the Company has expressed a contrary opinion or disagreement in connection with the foregoing.
The issuance of Interest Shares is conditional upon the approval of the TSX Venture Exchange and the New York Stock Exchange, and will be subject to a hold period of 4 months and one day.
A material change report relating to this transaction with a related party will be filed by Nouveau Monde no later than 21 days prior to the date on which the Interest Shares are expected to be issued as the conditions in connection with the issuance of the Interest Shares were not determined.
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 issuance of Interest Shares to Pallinghurst as settlement of debts owed, the continuity of Pallinghurst’s support, the Company’s goals and objectives, the Convertible Bond’s discharge and release, the Company’s financing optionality, Pallinghurst’s share ownership 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 certain 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.
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
This email address is being protected from spambots. You need JavaScript enabled to view it.
Midwest projects of 50 MW or larger requested
KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy (NYSE: EVRG) today issued a Request for Proposals (RFP) for wind energy to supply the needs of its customers.
The RFP solicits bids for Evergy’s purchase of wind resources of up to 1,000 megawatts (MW) that will be in service by 2026. Projects that achieve commercial operation by mid-2024 and year-end 2025 will be given preference. Wind resources must be a minimum of 50 MW and interconnect to the Southwest Power Pool (SPP). Siting preference will be given to projects located in Kansas.
Proposals are due by Nov. 23, 2021. Response and contact information are available online at www.evergy.com/2021rfp. Proposals selected from the RFPs are subject to appropriate regulatory approvals.
Evergy has outlined its plan to expand ownership of renewable energy and to retire fossil-fueled generation as the company works toward its 2045 target for net zero carbon emissions. These wind projects would fulfill the plan to add up to 1,000 MW of wind energy by 2026 with projects that benefit from production tax credits.
About Evergy, Inc.
Evergy, Inc. (NYSE: EVRG) serves approximately 1.6 million customers in Kansas and Missouri. We were formed in 2018 when long-term local energy providers KCP&L and Westar Energy merged. We generate nearly half the power we provide to homes and businesses with emission-free sources. We support our local communities where we live and work, and strive to meet the needs of customers through energy savings and innovative solutions.
Media Contact:
Gina Penzig
Manager, External Communications
Phone: 785-508-2410
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media line: 888-613-0003
Investor Contact:
Cody VandeVelde
Director, Investor Relations
Phone: 785-575-8227
This email address is being protected from spambots. You need JavaScript enabled to view it.
INDIANAPOLIS & WESTLAKE VILLAGE, Calif. & LUGANO, Switzerland--(BUSINESS WIRE)--Novus Capital Corporation II, a special purpose acquisition company (NYSE: NXU, NXU.U, NXU WS) (“Novus”) and Energy Vault, Inc. (“Energy Vault”), the company developing sustainable, grid-scale energy storage solutions with its proprietary technology, today announced that Novus has filed a registration statement on Form S-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (“SEC”) on October 15, 2021.
The Registration Statement contains a preliminary proxy statement/prospectus, in connection with the previously announced proposed business combination. While the registration has not yet become effective and the information contained therein is subject to change, it provides important information about Energy Vault and Novus, as well as the proposed business combination.
Robert Piconi, CEO and Co-Founder of Energy Vault, commented, “We are pleased to have reached this first step in the transaction process. The proceeds from the business combination will be used to fund growth of the combined company and global deployment of Energy Vault’s storage systems.”
In September 2021, Novus Capital Corporation II entered into a business combination agreement with Energy Vault, whereby the newly combined company is expected to be listed on the New York Stock Exchange. Completion of the transaction, which is expected in the first quarter of 2022, is subject to approval by Novus’ stockholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions.
Upon completion of the proposed transaction, the combined company is expected to receive up to $388 million in total gross proceeds from a combination of a committed common stock PIPE offering of $100 million, along with approximately $288 million of cash held in trust, assuming no redemptions.
About Energy Vault
Energy Vault develops sustainable, grid-scale energy storage solutions designed to advance the transition to a carbon free, resilient power grid. Energy Vault’s mission is to accelerate the decarbonization of our economy through the development of sustainable and economical energy storage technologies. To achieve this, Energy Vault has designed the EVx and the Energy Vault Resiliency Center (EVRC) platforms, advanced gravity energy storage solutions that are intended to minimize environmental and supply chain risks. Energy Vault’s gravity-based solutions are based on the proven physics and mechanical engineering fundamentals of pumped hydroelectric energy storage, but replace water with custom-made composite blocks, or “mobile masses”, which do not lose storage capacity over time, and that can be made from low-cost and locally sourced materials, including local soil, mine tailings, coal combustion residuals (coal ash), and fiberglass from decommissioned wind turbine blades. Combining potential and kinetic energy cycles, Energy Vault’s systems are automated with advanced computer control and machine vision software to create a gravity energy-storage innovation designed to meet the market demand for storage durations from 2 to 12 hours. Energy Vault has offices in Westlake Village, California and Lugano, Switzerland, with the Switzerland office serving as Energy Vault’s international headquarters.
About Novus Capital Corporation II
Novus raised approximately $287.5 million in its February 2021 IPO and its securities are listed on the NYSE under the ticker symbols “NYSE: NXU, NXU.U, NXU WS.” Novus is a special purpose acquisition company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. Novus Capital is led by Robert J. Laikin, Jeff Foster, Hersch Klaff, Larry Paulson, Heather Goodman, Ron Sznaider and Vince Donargo, who have significant hands-on experience helping high-tech companies optimize their existing and new growth initiatives by exploiting insights from rich data assets and intellectual property that already exist within most high-tech companies.
Forward-Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “designed,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, projections of market opportunity, expectations and timing related to the rollout of Energy Vault’s business and timing of deployments, the proposed features and designs of the EVx and the Energy Vault Resiliency Center (EVRC) platforms, the availability of low-cost and locally sourced materials to produce “mobile masses,” customer growth and other business milestones, potential benefits of the proposed business combination and PIPE investment (the “Proposed Transactions”), and expectations related to the timing of the Proposed Transactions.
These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Energy Vault’s and Novus’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Energy Vault and Novus.
These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the Proposed Transactions, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Transactions or that the approval of the stockholders of Novus or Energy Vault is not obtained; failure to realize the anticipated benefits of the Proposed Transactions; risks relating to the uncertainty of the projected financial information with respect to Energy Vault; risks related to the rollout of Energy Vault’s business and the timing of expected business milestones; demand for renewable energy; ability to commercialize and sell its solution; ability to negotiate definitive contractual arrangements with potential customers; the impact of competitive technologies; ability to obtain sufficient supply of materials; the impact of Covid-19; global economic conditions; ability to meet installation schedules; the effects of competition on Energy Vault’s future business; the amount of redemption requests made by Novus’ public shareholders; and those factors discussed in the Registration Statement and in Novus’ Registration Statement on Form S-4 relating to the business combination under the caption “Risk Factors”, and its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 under the heading “Risk Factors,” and other documents of Novus filed, or to be filed, with the SEC.
Important Information About the Proposed Business Combination and Where to Find It
This communication is being made in respect of the proposed merger transaction involving Novus and Energy Vault. Novus has filed a registration statement on Form S-4 with the SEC, which includes a preliminary proxy statement/prospectus of Novus, and certain related documents, to be used at the meeting of stockholders to approve the proposed business combination and related matters. Investors and security holders of Novus are urged to read the proxy statement/prospectus, as well as any amendments thereto and other relevant documents that will be filed with the SEC, carefully and in their entirety because they contain important information about Energy Vault, Novus and the business combination. The definitive proxy statement will be mailed to stockholders of Novus as of a record date to be established for voting on the proposed business combination. Investors and security holders will also be able to obtain copies of the registration statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s web site at www.sec.gov. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Participants in the Solicitation
Novus and its directors and executive officers may be deemed participants in the solicitation of proxies of Novus’ shareholders in connection with the proposed business combination. Energy Vault and its executive officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Novus’ executive officers and directors in the solicitation by reading Novus’ Annual Report on Form 10-K for the fiscal year ended December 31, 2020, Quarterly Report on Form 10-Q for the six months ended June 30, 2021 and the proxy statement/prospectus and other relevant documents and other materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Novus’ participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.
Investors
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media
This email address is being protected from spambots. You need JavaScript enabled to view it.
PHOENIX--(BUSINESS WIRE)--AAA Cooper Transportation, a subsidiary of Knight-Swift Transportation Holdings (NYSE: KNX), announced it would expand its LTL capacity with the opening of a St. Louis, MO service center this fall. This expansion will connect AAA Cooper's existing 15-state network with the largest metropolitan area in Missouri.
The company has long operated in the Chicago market, and the new St. Louis facility will extend the company's reach to an estimated 80% of the Illinois market. This expansion follows recent capacity additions and investments in the Dallas and Indianapolis Service Centers and is the first expansion since Knight-Swift acquired AAA Cooper in July 2021.
With this expansion, the company, which services five states that share a border with Missouri - Illinois, Kentucky, Tennessee, Arkansas, and Oklahoma, expands its service capacity for LTL and Dedicated Services in the Midwest.
St. Louis is home to one of the country's largest inland port operations by tonnage and one of the top railroad service hubs.
AAA Cooper Transportation® (SCAC "AACT"), an independent subsidiary of Knight-Swift Transportation Holdings (NYSE: KNX), is an asset-based multi-regional transportation solutions provider offering less-than-truckload, truckload, dedicated contract carriage, brokerage, fleet maintenance, and international services with facilities in the Southeast, Southwest, and Midwest. The Affiliate Carrier Program extends AAA Cooper Transportation's coverage area into Canada, Mexico, and across the globe.
David Jackson, President and CEO, or Adam Miller, CFO - (602) 606-6349
JENBACH, Austria--(BUSINESS WIRE)--INNIO* Jenbacher* is offering gas engine solutions to help accelerate the ramp up of off-grid power charging for electric vehicles. Starting with natural gas, Jenbacher gas engines can be converted to hydrogen operation once hydrogen experiences increased economic availability.
A huge portion of global greenhouse gas emissions is caused by transport activities. To significantly reduce greenhouse emissions, it is necessary to drive the transformation towards e-mobility and this requires the development of a widespread and powerful charging infrastructure.
In order to foster the common goal of sustainable mobility, INNIO Jenbacher cooperates with L-Charge and supplies a Jenbacher J312 gas engine (600 kW). This engine will be the core of the solution L-Charge Stationary – a stationary mini-power station for fast charging of EV.
”To accelerate the ramp up of EV we are actively working on the creation of charging stations operating on natural gas and hydrogen. INNIO Jenbacher is a leading provider of gas engines solutions, distinguished by the efficiency and high fuel flexibility of its products and has just recently launched the first ‘Ready for H2’ product portfolio. We hope that the testing will be successful and intend to purchase many more Jenbacher gas engines for EV stationary charging stations.” – Dmitry Lashin, General Director of L-Charge.
“We are pleased to be working with L-Charge on this innovative approach to providing off-the-grid power charging. INNIO is a shaper of the energy transition. Jenbacher gas engines offer affordable, reliable, and sustainable decentralized power solutions that can help build off-grid power charging for electric vehicles. Our technology provides the power where it is needed, directly at the point of use. And, with our ‘Ready for H2’ product portfolio, L-Charge is investing in our future-proofed technology that operates with natural gas today while having the option to convert to hydrogen when the supply becomes more readily available.” - Leon van Vuuren, Vice President Global Regions of INNIO Jenbacher.
*Indicates a trademark.
About L-Charge
L-Charge is a Russian-American EV charger manufacturer, providing rapidly scalable off-grid ultra-fast chargers powered by clean fuels. The innovative EV charger is offered in two variants: stationary and mobile. The stationary version can be installed in any location – supermarkets, hotels, roads, traditional petrol stations, etc. The mobile version is an on-wheel unit that can move around a city and charge EVs. In July, the first mobile EV charger by L-Charge starts to patrol Moscow city streets, providing on-demand charging service to electric vehicles. Nearest plans to build 4–5 EV charging units to launch them as a mobile charger in Paris, Berlin, New York, Amsterdam and London.
About INNIO
INNIO is a leading provider of renewable gas, natural gas, and hydrogen-rich solutions and services for power generation and gas compression at or near the point of use. With our Jenbacher and Waukesha gas engines, INNIO helps to provide communities, industry and the public access to sustainable, reliable and economical power ranging from 200 kW to 10 MW. We also provide life-cycle support and digital solutions to the more than 53,000 delivered gas engines globally, through our service network in more than 100 countries. We deliver innovative technology driven by decarbonization, decentralization, and digitalization to help lead the way to a greener future. Headquartered in Jenbach, Austria, the business also has primary operations in Welland, Ontario, Canada, and Waukesha, Wisconsin, U.S. For more information, visit the company's website at www.innio.com. Follow INNIO on Twitter and LinkedIn.
Susanne Reichelt
INNIO
+43 664 80833 2382
This email address is being protected from spambots. You need JavaScript enabled to view it.
Dan Pototsky
L-Charge
+7 926 423 8262
This email address is being protected from spambots. You need JavaScript enabled to view it.
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2021 year-end earnings results on Thursday, November 18, 2021 at 10 a.m. ET. President and Chief Executive Officer Steve Westhoven and Chief Financial Officer Pat Migliaccio will present an overview of NJR’s financial and operational performance for fiscal 2021.
A few minutes prior to the webcast, go to njresources.com and select “Investor Relations.” Scroll down and click the link to the conference call under “Latest Events” on the right side of the page and click on the webcast link.
About New Jersey Resources
New Jersey Resources is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It is composed of five primary businesses:
NJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
Media Contact:
Michael Kinney
732-938-1031
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Contact:
Dennis Puma
732-938-1229
This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN DIEGO--(BUSINESS WIRE)--$DFCO #BrianBonar--Dalrada Corporation (OTCQB: DFCO, “Dalrada”) is pleased to announce its Clean Energy Advisory Board composed of distinguished climate and business leaders. The advisory group is forming strategic alliances that support and enable an effective balance between responsible environmental policies and sustainable development. Former U.S. Secretary of the Interior, Ryan Zinke, is the first member of the Dalrada Clean Energy Advisory Board.
Brian Bonar, Dalrada’s Chairman and CEO, states, “We are delighted that Secretary Zinke has joined the Dalrada Clean Energy Advisory Board. He cares about new job creation, improving environmental sustainability, and the technology that supports energy efficiency and emissions reduction. Dalrada’s energy-efficient solutions pave the way towards that goal.”
Ryan Zinke shares, “It is exciting when a technology advances energy efficiency and reduces the carbon footprint. Dalrada wins at both. Protecting the environment and stimulating the economy in a balanced way leads to sustainable development. Climate change is important. We must address greenhouse emissions through efficient technologies. Dalrada brings innovative solutions to accomplish this goal. Every year, billions of dollars of low-grade energy is discharged into the atmosphere without recovery.” Zinke continues, “Dalrada turns the balance in favor of the environment by maximizing energy efficiency. Focusing on solutions, we encourage dialogue on sustainability on both sides. Conservation and energy efficiency will get us there.”
Transparency and accountability are topics that the Dalrada Clean Energy Advisory Board tackles. Jose Arrieta, former Chief Information Officer at the Department of Health and Human Services and Dalrada Board member, shares, “Information Technology plays a vital role with the accounting of net-zero goals, supply chain tracking, and measuring emission data. Net-zero data tracking and reporting systems that leverage IoT devices are in development.”
Dalrada’s disruptive low-carbon heating & cooling technology that uses supercritical carbon dioxide (CO2) in a leakproof system is powered by either traditional or renewable energy and recycles waste energy. Systems can easily be installed in boiler houses, plant rooms, rooftops, and outside in mobile energy centers to provide instant energy and carbon emission savings. These solutions produce hot water, low-pressure steam, hot air with chilled water, or cooling utilities.
The Hon. Bijan Kian, Former U.S. cabinet member and Dalrada Board of Directors member, also takes part in Dalrada’s Clean Energy Advisory Board. Kian emphasizes the importance of reducing emissions with no sacrifice to jobs or the environment in the process.
“Environment and development are key to responsible growth with sustainability,” Kian states. “Reducing greenhouse gas emissions now is vital. It is also important to encourage dialogue with industry and business leaders about forming alliances, identifying resources, and creating ways to achieve sustainability that improve the quality of life.”
Dalrada’s industrial, commercial, and consumer innovations conserve energy, decarbonize heat, save cost, and care for the environment.
Stuart Cox, Dalrada’s Chief Engineering Officer, states, “Dalrada’s Likido® CO2 high-temperature heat pumps overcome many of the problems associated with freon-based heat pumps by operating at the same temperatures as existing heating and cooling systems, making their deployment very easy.”
Cox adds, “The market response to Dalrada’s energy innovations is encouraging. Customer interest increased since the economy has woken up after COVID-19 lockdowns ended in June in the U.K. This will increase further as our partners in Spain and Texas expand manufacturing capacity for the E.U. and USA, respectively, from 2021.”
Dalrada continuously builds on its core practices of engineering, life sciences, and technology while operating under the tenet of bringing innovative products and services to a complex new world. The Company’s subsidiaries are responding with alternative solutions that are affordable, available, accessible, and impactful.
For more information on Dalrada and its subsidiaries, visit www.dalrada.com.
About Dalrada (DFCO)
With perseverance, valor, dedication, and vision, Dalrada Corporation is dedicated to tackling worldwide challenges of today and tomorrow.
Dalrada is a global company that operates under the tenet of creating impactful innovations that matter for the world. The Company works continually to produce disruptive solutions that bridge the gap of accessibility and accelerate positive change for current and future generations.
Established in 1982, the Company has since grown its footprint to include the business divisions: Dalrada Health, Dalrada Precision, and Dalrada Technologies. Each of Dalrada’s subsidiaries actively produces affordable and accessible world-class solutions to global problems. For more information, please visit www.dalrada.com.
Disclaimer
Statements in this press release that are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the U.S. Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.
Denise Mahaffey
858.283.1253
This email address is being protected from spambots. You need JavaScript enabled to view it.
MADISON, Wis.--(BUSINESS WIRE)--The board of directors of MGE Energy, Inc. (Nasdaq: MGEE), today declared the regular quarterly dividend of $0.3875 per share on the outstanding shares of the company's common stock, payable Dec. 15, 2021, to shareholders of record at the close of business Dec. 1, 2021.
MGE Energy has increased its dividend annually for the past 46 years and has paid cash dividends for more than 110 years.
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 157,000 customers in Dane County, Wis., and purchases and distributes natural gas to 166,000 customers in seven south-central and western Wisconsin counties.
Steve Schultz
Corporate Communications Manager
608-252-7219 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Drilling and Completion Fluids Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the drilling and completion fluids market and it is poised to grow by $3.99 billion during 2021-2025, progressing at a CAGR of 6.63% during the forecast period.
The report on the drilling and completion fluids market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing global rig activity and increasing investments in oil and gas E&P activities.
The drilling and completion fluids market analysis includes the application segment and geographic landscape. This study identifies the rise in unconventional oil and gas E&P activities as one of the prime reasons driving the drilling and completion fluids market growth during the next few years.
Companies Mentioned
The report on drilling and completion fluids market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Geographic Landscape
7. Vendor Landscape
8. Vendor Analysis
9. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/sarbjy
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
HOUSTON--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.325 per share, or $1.30 per share on an annualized basis. The dividend is payable on November 15, 2021 to stockholders of record as of November 1, 2021.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.
Safe Harbor
This communication contains forward-looking statements that may state NRG’s or its management’s intentions, beliefs, expectations or predictions for the future. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “will,” “expect,” “estimate,” “anticipate,” “forecast,” “plan,” “believe” and similar terms. Although NRG believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.
Investors:
Kevin L. Cole, CFA
609.524.4526 This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Candice Adams
609.524.5428 This email address is being protected from spambots. You need JavaScript enabled to view it.
WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from August 15, 2021 through November 14, 2021. This distribution will be payable on November 15, 2021 to holders of record as of the opening of business on November 1, 2021.
The Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership’s Series B preferred units for the period from August 15, 2021 through November 14, 2021. This distribution will be payable on November 15, 2021 to holders of record as of the opening of business on November 1, 2021.
Non-U.S. Withholding Information
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Global Partners LP
With approximately 1,550 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.
Forward-looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services that we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections.
For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Gregory B. Hanson
Chief Financial Officer
Global Partners LP
(781) 894-8800
Sean T. Geary
Acting General Counsel, Secretary and
Vice President – Mergers & Acquisitions
Global Partners LP
(781) 894-8800
ST. CATHARINES, Ontario--(BUSINESS WIRE)--#earnings--Algoma Central Corporation (TSX:ALC), a leading provider of marine transportation services, today announced that it will report its financial results for the three and nine months ended September 30, 2021, before market open on Wednesday, November 3, 2021.
About Algoma Central
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Since 2010 we have introduced 10 new build vessels to our domestic dry-bulk fleet, with one under construction and expected to arrive in 2024, making us the youngest, most efficient and environmentally sustainable fleet on the Great Lakes. Each new vessel reduces carbon emissions on average by 40% versus the ship replaced. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally. Algoma truly is Your Marine Carrier of Choice™.
Gregg A. Ruhl
President & CEO
905-687-7890
Peter D. Winkley, CPA, CA
Chief Financial Officer
905-687-7897
Or visit
www.algonet.com or www.sedar.com
DUBLIN--(BUSINESS WIRE)--The "Global Cellulosic Ethanol Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the cellulosic ethanol market and it is poised to grow by $1.40 billion during 2021-2025, progressing at a CAGR of 45.76% during the forecast period.
This report on the cellulosic ethanol market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising need for renewable clean fuel and rising food security concerns.
The cellulosic ethanol market analysis includes the feedstock segment and geographic landscape. This study identifies the increased environmental and energy security concerns as one of the prime reasons driving the cellulosic ethanol market growth during the next few years.
Companies Mentioned
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. This report on cellulosic ethanol market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Feedstock
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/tw3pg5
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern” or the “Company”) announced today that it plans to issue its earnings release with respect to third quarter 2021 financial and operating results on Friday, November 5, 2021, before the market opens. Additionally, the Company will host a conference call on Friday, November 5, 2021, at 10:00 a.m. Central Time.
Those wishing to listen to the conference call may do so via phone or the Company’s webcast.
| Conference Call and Webcast Details: | |
Date: |
November 5, 2021 |
Time: |
10:00 a.m. Central Time |
Dial-In: |
(866) 373-3407 |
International Dial-In: |
(412) 902-1037 |
Conference ID: |
13723773 |
Webcast: |
|
Replay Information: |
|
A replay of the conference call will be available through November 12, 2021 by dialing: |
|
Dial-In: |
(877) 660-6853 |
International Dial-In: |
(201) 612-7415 |
Conference ID: |
13723773 |
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States.
More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com.
Mike Kelly, CFA
Chief Strategy Officer
(952) 476-9800
This email address is being protected from spambots. You need JavaScript enabled to view it.
ROCKVILLE, Md.--(BUSINESS WIRE)--#AmericanJobs--More than 20 Maine-based commercial and institutional organizations are reducing their energy costs and contributing to the clean energy economy through a new community solar project in Bethel, Maine. The project, which is complete and operational, was financed and is owned and operated by Standard Solar and developed in partnership with ECA Solar.
Last week, Standard Solar hosted local officials and project partners for an official ribbon-cutting event at the Bethel site.
This new solar installation brings 5.7 megawatts dc of clean energy to Mainers — supporting local jobs, contributing to the clean energy economy, strengthening the community and delivering significant cost savings to Maine businesses. The project is part of the state’s Net Energy Billing (NEB) which allows Maine utility customers to offset their electric bill using the output produced by renewable energy projects, like community solar farms.
“As Maine continues its drive toward statewide clean-energy and climate-fighting goals, getting projects such as this one in Bethel completed and operational is critical,” said Harry Benson, Director, Business Development, Standard Solar. “Standard Solar is proud to be part of one of Maine’s first completed and operational community solar projects, and we look forward to adding more projects throughout the state to make solar energy more accessible and affordable to Mainers.”
A total of 23 leading Maine commercial and institutional organizations will collectively take 100% of the Net Energy Billing Credits created by the new Bethel community solar project. These organizations include Auburn School Department, AVX Tantalum, Bowdoin College, City of Portland, Colby College, Falmouth Public Schools, L. L. Bean, Maine Community College System, Maine General Medical Center, Maine Maritime Academy, MSAD #11 Gardiner, MSAD #15 GNG, Nestle Waters North America, Northern Light Health, Pleasant River Lumber, Portland Water District, Pratt & Whitney, Pride Manufacturing, RSU #14 Windham Raymond, Scarborough School Department, University of Maine System, Waterville Public Schools and York County.
“ECA Solar has enjoyed working with local stakeholders to deliver this turn-key community solar project,” Todd Fryatt, President, ECA Solar. “Throughout the past two years, the Town of Bethel and the State of Maine played a key role in supporting the development and construction of this clean energy system. Among other benefits, our collective efforts were able to provide well-paying jobs using local contractors and considerable energy savings and price certainty to some of Maine’s largest employers. ECA Solar is proud to be a member of the Bethel community and is optimistic about the positive impact our project will have on the area.”
Legislation passed in the state in 2019 encouraged the development of community solar and other small renewable energy facilities establishing goals of 80% renewable energy by 2030 and 100% by 2050.
“While there are many megawatts of community solar contracted in the state, progress to bring them online has been slow,” continued Benson. “And while the first community solar farm came online in late 2020, the Bethel project remains one of the earlier projects that has been constructed and operational.”
The Bethel project – and more than 45 MW in Maine – joins Standard Solar’s 200+ MW portfolio of community solar projects funded and operating with partners around the United States. The company is actively seeking additional projects to fund and add to its asset portfolio.
Editorial note: photos available
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 225 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
PR Contact:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Gulf Coast Ultra Deep Royalty Trust (OTC Pink: GULTU) (the Trust) announced today that it will distribute to unitholders a cash distribution totaling $29,304 for the quarter ended September 30, 2021.
Unitholders of record on October 29, 2021 will receive a cash distribution of $0.000127 per unit payable on November 12, 2021.
Natural gas (Mcf) sales volumes, average sales price and net cash proceeds available for distribution for the quarter ended September 30, 2021 are set forth in the table below:
Natural gas (Mcf) sales volumes (a) |
52,667 |
|
||
Natural gas (per Mcf) average sales price |
$ |
3.01 |
|
|
Gross proceeds |
$ |
158,507 |
|
|
Post-production costs and specified taxes |
(23,876) |
|
||
Royalty income |
134,631 |
|
||
Interest and dividend income |
8 |
|
||
Administrative expenses |
(105,335) |
|
||
Income in excess of administrative expenses |
29,304 |
|
||
Cash proceeds available for distribution |
$ |
29,304 |
|
|
(a) Attributable to the onshore Highlander subject interest which is the only subject interest with commercial production.
About Gulf Coast Ultra Deep Royalty Trust. The Trust is a Delaware statutory trust created to hold a 5% gross overriding royalty interest in future production from specified Inboard Lower Tertiary/Cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana that existed as of December 5, 2012, which are collectively referred to as subject interests. The subject interests and the Trust’s overriding royalty interests are described in the Trust’s filings with the Securities and Exchange Commission (SEC). As described in the Trust’s SEC filings, future distributions are not guaranteed and will depend on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, post-production costs and specified taxes, and the amount and timing of the Trust’s administrative expenses, among other factors. For additional information on the Trust, please visit http://gultu.q4web.com/home/default.aspx.
Cautionary Statement Regarding Forward-Looking Information. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are all statements other than statements of historical facts, such as any statements regarding the amount and date of quarterly distributions to unitholders. Forward-looking statements are not guarantees or assurances of future performance and actual results may differ materially from those anticipated, projected or assumed in the forward-looking statements. Important factors that may cause actual results to differ materially from those anticipated by the forward-looking statements include, but are not limited to, the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to a record date for a quarterly cash distribution. Any differences in actual cash receipts by the Trust could affect the amount of quarterly cash distributions. Other important factors that may cause actual results to differ materially include risks inherent in production of oil and gas properties, the ability of commodity purchasers to make payment, the economic effects of the COVID-19 pandemic and federal, state and local governmental actions in response to the pandemic, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC. The Trust's annual, quarterly and other filed reports are or will be available over the Internet at the SEC's website at http://www.sec.gov. Statements made in this press release are qualified by the cautionary statements made in this press release. The Trust cautions investors that it does not intend, and assumes no obligation, to update any of the statements included in this press release.
The Bank of New York Mellon Trust Company, N.A. serves as trustee of the Trust. If you have any questions related to the Trust, please see below for contact information:
Gulf Coast Ultra Deep Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
(512) 236-6555
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.