CANONSBURG, Pa.--(BUSINESS WIRE)--#ETRN--Equitrans Midstream Corporation (NYSE: ETRN) will release its third quarter 2021 earnings information on Tuesday, November 2, 2021, and will also host a conference call with analysts and investors at 10:30 am (ET). A brief Q&A session for ETRN security analysts will immediately follow the results discussion.
Call Access: An audio live stream of the call will be available on the internet, and participants are encouraged to pre-register online, in advance of the call, at: ETRN Q3 2021 Webcast. A link to the audio live stream will be available on the Investors page of the ETRN’s website the day of the call.
Security Analysts :: Dial-In Participation
To participate in the Q&A session, security analysts may access the call in the U.S. tollfree at (888) 330-3573; and internationally at (646) 960-0677. The ETRN conference ID is 6625542.
All Other Participants :: Webcast Registration
Please Note: For optimal audio quality, the webcast is best supported through Google Chrome and Mozilla Firefox browsers.
An updated investor presentation will be available on ETRN’s Investor Relations website the day of the call.
Call Replay: For 14 days following the call, an audio replay will be available at (800) 770-2030 or (647) 362-9199. The ETRN conference ID is 6625542.
About Equitrans Midstream Corporation
Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located assets in the Marcellus and Utica regions, ETRN has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 with the vision to be the premier midstream services provider in North America. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.
For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit ETRN Sustainability Reporting.
Source: Equitrans Midstream Corporation
Analyst/Investor inquiries:
Nate Tetlow – Vice President, Corporate Development and Investor Relations
412-553-5834
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media inquiries:
Natalie A. Cox – Communications and Corporate Affairs
412-395-3941
This email address is being protected from spambots. You need JavaScript enabled to view it.
Company’s talent and technology to support national security priorities in data operations, artificial intelligence, and lifecycle support
RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) has been awarded a prime contract position in all 10 pools on the General Services Administration (GSA) ASTRO indefinite delivery/indefinite quantity contract. ASTRO is a 10-year, multiple-award contract sponsored by the Department of Defense and managed by GSA’s Federal Systems Integration and Management Center.
Relying on the company’s impressive talent and innovative technology, CACI readily supports national security priorities in data operations, artificial intelligence, and lifecycle support, including sustainment and modernization, and ISR.
John Mengucci, CACI President and Chief Executive Officer, said, “As a prime contract awardee, CACI will provide widespread, expertise and technology across air, sea, ground, and space to protect our national interests from emerging threats. The GSA ASTRO contract is an easy-to-use acquisition vehicle designed to allow the U.S. government to quickly and comprehensively address current and future mission needs.”
The GSA ASTRO pools include data operations; mission operations; aviation; space; maritime; ground; systems integration and development; research and development; support services; and training services. Learn more on the details of each pool.
About CACI
CACI’s approximately 22,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World's Most Admired Company. As a member of the Fortune 500 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at www.caci.com.
There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.
CACI-Contract Award
Corporate Communications and Media:
Jody Brown, Executive Vice President, Public Relations
(703) 841-7801, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations:
Daniel Leckburg, Senior Vice President, Investor Relations
(703) 841-7666, This email address is being protected from spambots. You need JavaScript enabled to view it.
Climate Engagement Canada is a finance-led initiative that drives dialogue between the financial community and corporate issuers on climate change risks and opportunities
TORONTO--(BUSINESS WIRE)--#ClimateChange--Today, a coalition of investor associations is pleased to announce the launch of Climate Engagement Canada (CEC) – a finance-led initiative that aims to drive dialogue between the financial community and Canadian corporations to promote a just transition to a net zero economy.
The CEC initiative is coordinated by several investor networks including the Responsible Investment Association (RIA), Shareholder Association for Research and Education (SHARE), and Ceres. The UN-backed Principles for Responsible Investment (PRI) is also supporting the program. The RIA and SHARE serve as the joint secretariat, and the initiative has leveraged strategic leadership from Barbara Zvan, who served as a member of Canada’s Expert Panel on Sustainable Finance.
The CEC program is launching with 27 investors as Founding Participants, who collectively manage more than $3 trillion in assets. A complete list of Founding Participants and supporting organizations is available on the CEC website at climateengagement.ca.
The CEC’s development was inspired by Canada’s Expert Panel on Sustainable Finance, which in 2019 made a series of recommendations to align Canada’s financial system with a low carbon future. One of the Expert Panel’s recommendations was to establish a national engagement program, akin to the global Climate Action 100+ initiative, to drive a broader and more consistent dialogue with Canadian issuers around climate risks and opportunities. Climate Engagement Canada is that program.
CEC investor participants will identify approximately 40 of the country’s highest greenhouse gas-emitting corporations, and will work collaboratively to engage with these companies to encourage leading practices with respect to climate change risks and opportunities.
“Climate Action 100+ set a clear precedent for collaborative shareholder engagement,” said Barbara Zvan, CEO of University Pension Plan and a former member of Canada’s Expert Panel on Sustainable Finance. “The question for the Expert Panel was how to adapt this successful model to the Canadian context to amplify climate ambition and action at home. What CEC delivers is a unified vision from Canada’s financial community and support for our businesses in finding competitive advantage in the transitioning economy.”
“Climate change is a systemic challenge for investors and capital markets as a whole,” said Kevin Thomas, CEO at SHARE. “It can’t be avoided, it can’t be hedged against, and it can’t be solved at an individual portfolio level. It requires ambitious, persistent collective action at a larger scale and faster pace. We’re bringing together the whole of the corporate balance sheet – shareholders, lenders, insurers, and others –to set a course for the biggest transition of our lifetime.”
“Collaborative shareholder engagement is the pinnacle of responsible investment, so we are thrilled to see this program come to life in the Canadian market,” said Dustyn Lanz, CEO of the RIA. “Canada’s financial community has set a new bar for climate engagement on a national scale, and we encourage our peers in other regions to build similar programs to help drive the transition to net zero globally.”
“At PRI we are delighted to support the development of Climate Engagement Canada (CEC),” said Fiona Reynolds, CEO of the UN-supported Principles for Responsible Investment. “As a country heavily dependent on fossil fuels, Canada’s transition to net-zero by 2050 is especially challenging. Collaborative engagements like CEC are crucial to harnessing the collective climate ambition of Canada’s financial community required for the country to fulfil its commitments to the Paris Agreement and undergo a just transition to a zero-carbon economy.’
"It is vital for the largest institutional investors in Canada to engage portfolio companies with a consistent and unified message to set and implement goals for reducing emissions and developing transition plans consistent with a net zero future," said Mindy Lubber, Ceres CEO and President. "By looking beyond the six Canadian companies currently engaged through Climate Action 100+, Climate Engagement Canada is setting the stage for a deeper transformation of the Canadian economy and investor expectations of the companies they own."
Investor Participant Statements:
More Information
Media Enquiries
Daniel Fuentes
Administrative Director, Climate Engagement Canada
This email address is being protected from spambots. You need JavaScript enabled to view it.
1(416) 461-6042 x 11
Independent Examination of Blockchain by Grant Thornton Demonstrates Compliance
HOUSTON--(BUSINESS WIRE)--#blockchain--Data Gumbo, the industrial smart contract network company, today announced successful completion of the SOC 1 Type 2 audit examination of its blockchain. The SOC 1 report focuses on a service organization’s controls likely to be relevant to an audit of a customer’s financial statements. Data Gumbo retained Grant Thornton, one of the world’s leading organizations of independent audit, tax, and advisory firms, to perform its SOC 1 Type 1 work in 2019 and returned to the company for the execution of its SOC 1 Type 2 audit.
“Data Gumbo aims to deliver exceptional benefits to its network users,” said Andrew Bruce, Founder and CEO, Data Gumbo. “Completing a SOC 1 Type 2 audit provides third-party attestation that our product management, data security and user management are enterprise-grade. As we continue to grow and scale, we believe in the strict adherence with compliance and quality assurance in lockstep with today’s best practices for enterprises.”
Grant Thornton’s controls were designed to test Data Gumbo’s assertion of process compliance for its blockchain-backed smart contract network. The six-month audit period included the examination of five integrated components of internal control for GumboNet™, including control environment, risk assessment process, monitoring activities, information and communications, and control activities. Data Gumbo received an unqualified opinion from Grant Thornton that all tests of controls were passed with no exceptions noted, enabling the company to meet the SOC 1 Type 2 criteria.
Grant Thornton’s SOC engagement was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA). Those standards require that an independent audit firm performs the examination to obtain reasonable assurance about whether, in all material respects, based on the criteria in management’s assertion, that the controls were suitably designed to provide assurance that Data Gumbo’s network is administered in accordance with Data Gumbo’s policies and procedures.
Data Gumbo is currently underway with its SOC 2 Type 2 audit report and anticipates completion in Q4 2022.
About Data Gumbo
Data Gumbo is the smart contract network company trusted by global industrial enterprises. The only network of enterprises and their customers, suppliers and vendors that successfully incorporates real-time sensor level and field data to validate transactions, GumboNet™ reduces costs by more than 10% for all network members by automatically eliminating payment delays, disputes and complicated reconciliations.
To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco; Equinor Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator; and L37, a hybrid venture capital and private equity company. Data Gumbo is headquartered in Houston, Texas, with global offices in Stavanger, Norway, and London, UK. For more information, visit www.datagumbo.com or follow the company on LinkedIn, Twitter and Facebook.
Media contacts:
fama PR
Jake Schuster
This email address is being protected from spambots. You need JavaScript enabled to view it.
617-997-2134
NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Inc., (“Piedmont” or the “Company”) (NASDAQ: PLL; ASX: PLL), a leading developer of lithium hydroxide production to enable the North American electric vehicle supply chain, today announced that Krishna McVey has joined the Company as Vice President of Human Resources. Reporting to Chief Executive Officer, Keith Phillips, Ms. McVey brings a broad, multi-dimensional background in human resources to Piedmont that includes experience in all aspects of labor and employment law and human capital management. Over her career Ms. McVey has led several complex, transformational organizational initiatives, as well as leading talent acquisition and management, design and implementation of compensation performance systems, and the formulation of a wide range of organizational policies for multinational, multi-business unit companies.
“Kris is a welcome addition to our expanding leadership team, and we feel extremely fortunate to have someone with her background and unique skillset join the Piedmont family,” said CEO, Keith Phillips. “As we evolve from a pre-production, pre-revenue company, to a global, multi-asset organization with a growing workforce that could reach nearly 500 teammates, Kris’ diverse, international leadership experience will be invaluable in helping us build a world-class company, with a world-class culture, and world-class HR systems and practices.”
Ms. McVey joins Piedmont from TC Transcontinental Packaging where she rose from Global Director of Human Resources to Vice President of Human Resources and U.S. Labor Relations. In her most recent role, she oversaw all human resources activities for TC’s largest consumer packaging segment, including cultural change management initiatives, and labor relations strategies in the U.S. and Canada. Prior to her time at TC Transcontinental, she had a 15-year career with Michelin with positions in both France and North America. She began her tenure at Michelin as Associate General Counsel, then progressed through the organization to become Director of Human Resources with the Aircraft Tire Division of Michelin North America where she developed policies and procedures for both the hourly and salaried population of the 500-employee operation. Ms. McVey began her career in private practice with the law firm Edwards Ballard where she represented a variety of private and public employers developing human resources policies and diversity programs, while providing extensive legal training to clients in all areas of human resources and employee relations.
Ms. McVey earned her Juris Doctor in Labor and Employment Law from the University of South Carolina School of Law, her Master of Human Resources from the Darla Moore School of Business at the University of South Carolina, as well as her Bachelor of Arts (French) degree from the University of South Carolina. Over her career, Ms. McVey has served on the Board of several philanthropic and community organizations, including SAFE Homes/Rape Crisis, the United Way of Stanly County, and the Centralina Workforce Development Board.
About Piedmont Lithium
Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and in-demand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information, www.piedmontlithium.com.
Brian Risinger
VP - Investor Relations and Corporate Communications
T: +1 704 910 9688
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Keith Phillips
President & CEO
T: +1 973 809 0505
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Veteran Energy Industry Leader to Continue Utility’s Successful Track Record of Delivering Reliable, Affordable and Clean Energy to More Than Four Million Illinois Customers
CHICAGO--(BUSINESS WIRE)--ComEd today announced Gil C. Quiniones will become CEO of ComEd, effective Nov. 15, 2021. Quiniones, who has served as president and CEO of the New York Power Authority (NYPA) for the past 10 years, will report to Calvin Butler, CEO of Exelon Utilities, who also has been serving as interim CEO of ComEd since Oct. 1, 2021.
Quiniones is a proven industry executive with more than 30 years of relevant leadership and operational experience extending across regulated utility markets, the public and private sectors, and state and local governments. For the past decade, he has been the CEO of the nation’s largest state-owned public power organization. He is an internationally recognized leader in modernizing power grids, and delivering clean, safe and affordable energy for customers, leading to economic and environmental benefits for diverse communities.
“Gil is an experienced electric utility leader, with a proven ability to deliver world-class performance for customers and strengthen and uplift communities, including in urban areas, making him ideally suited to be the CEO of ComEd,” said Butler. “In addition, Gil is a high-integrity leader who is focused on ethics, equity and doing what is best for our diverse customers, communities and employees. We are confident that, under his leadership, ComEd will continue to be recognized as one of the cleanest, most reliable and most affordable utilities in America.”
“It’s an honor to be named CEO of ComEd, and I look forward to working closely with Calvin and the entire utility management team to lead this nationally recognized energy company,” Quiniones said. “I share ComEd’s vision for a clean and resilient energy future that benefits customers and communities across northern Illinois and commit to continuing ComEd’s legacy of local partnership with and investment in the communities it is privileged to serve.”
John R. Koelmel, chair, NYPA Board of Trustees, said, “Gil is an outstanding person as well as a tremendous leader. Over his tenure at NYPA, the combination of his passion, vision, industry knowledge and business acumen has positioned us as an industry leader. He has fostered a strong internal culture based on excellence, integrity and safety and has created positive relationships with the many customers and communities we serve. We wish Gil every success as he assumes his new leadership role with ComEd.”
About Gil C. Quiniones:
Quiniones has served as president and CEO of NYPA, the nation’s largest state-owned public power organization, since 2011. Prior to this role, he served as COO and executive vice president, Energy Marketing and Corporate Affairs. Before joining NYPA in 2007, Quiniones spent four years at the New York City Economic Development Corporation, where he served as senior vice president and the principal energy adviser to Mayor Michael R. Bloomberg. Prior to this, Quiniones worked for 13 years at the Consolidated Edison Company of New York, a regulated electric and gas utility, and ConEdison Solutions, the utility’s unregulated energy services subsidiary. He was a co-founder and managing director of Energy Services at the subsidiary, where he led profitable revenue growth.
Quiniones has served as chair of GridWise Alliance; a board member of Emera Inc.; chair and board member of the Electric Power Research Institute, where he rejoined the board in April 2021; chair and chair emeritus of the Alliance to Save Energy; chair-elect of the Smart Electric Power Alliance and vice chair of the New York State Energy Research and Development Authority; a board member of the Large Public Power Council; and a member of the Electricity Subsector Coordinating Council and the International Energy Agency’s Global Commission for Urgent Action on Energy Efficiency. Quiniones plans to resign from all current board memberships in order to devote his full attention to his ComEd duties. He holds a B.S. from De La Salle University in Manila. In 2020, he earned a Corporate Director Certificate at Harvard Business School.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Communications
312-394-3500
RESTON, Va.--(BUSINESS WIRE)--Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced that it will release financial results for the quarter ended September 30, 2021 after the U.S. market close on Wednesday, November 10, 2021. Bowman will host a webcast to discuss its third quarter 2021 results at 9:00 a.m. ET on Thursday, November 11, 2021. Bowman Chairman and CEO, Gary Bowman and Chief Financial Officer, Bruce Labovitz will host the call followed by a question-and-answer session. Links to the live webcast of the event and subsequent replay of the event will be available on the Bowman Investor Relations website at https://investors.bowman.com.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is a professional services firm delivering innovative engineering solutions to customers who own, develop, and maintain the built environment. With 800 employees and more than 30 offices throughout the United Sates, Bowman provides a variety of planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to customers operating in a diverse set of regulated end markets. On May 11, 2021, Bowman completed its $51.7 million initial public offering and began trading on the Nasdaq under the symbol BWMN. For more information, visit www.bowman.com.
Investor Relations:
Bruce Labovitz
This email address is being protected from spambots. You need JavaScript enabled to view it.
(703) 787-3403
Megan McGrath
This email address is being protected from spambots. You need JavaScript enabled to view it.
(310) 622-8248
Governor John Bel Edwards and Local Leaders Join to Celebrate Project Advancement
AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (REG) (NASDAQ: REGI) hosted a groundbreaking ceremony on Wednesday to celebrate the start of construction on the company’s improvement and expansion project at REG Geismar. The project will take total site production capacity from 90 million gallons per year to 340 million gallons per year, and bring more than 60 permanent jobs and up to 500 construction jobs to the area.
REG Geismar was the first renewable diesel production facility in the U.S. and was acquired by REG in 2014. Since that time, REG has been investing in the facility to improve safety, logistics and operational capabilities. REG first announced their plans for expansion of REG Geismar in 2020, and announced earlier this year that the project was being combined with an original plant improvement project, with both being advanced to construction phase. This groundbreaking marks the formal start of construction on the project.
“This improvement and expansion project is a strategically advantaged growth project, and will position REG to continue our leadership in the renewable fuels industry,” said REG President & CEO, Cynthia (CJ) Warner. “The push from investors and regulatory leaders for lower-carbon solutions is being met with greater pull from sustainability-minded consumers who want to reduce their carbon profiles NOW. REG is helping lead the transition to cleaner, greener energy and this project is an exceptional example of that.”
The project will involve upgrades to the existing site, as well as an expansion that will be located adjacent to the existing site. Improvements will include enhanced marine logistics that will enable global trading of feedstocks and fuel. The company announced that the estimated project cost is $950 million, and is expected to be mechanically complete by 2023 with full operability in 2024. Upon completion, the fuel produced at REG Geismar will annually reduce harmful CO2 emissions by up to 2.8 million metric tons,1 or the equivalent to greenhouse gas emissions from 7.1 billion miles driven by an average passenger vehicle.2 REG received an incentive package from the state of Louisiana that contains comprehensive workforce support and tax incentives.
“It’s an honor to have such a forward-thinking business like Renewable Energy Group right here in the state of Louisiana,” said Louisiana Governor, John Bel Edwards. “REG has been an exceptional partner for this community and our state, and we were proud to be able to provide an incentive package for this improvement and expansion. This team is helping our world achieve lower-carbon goals, all while providing a great benefit to our local economy.”
The groundbreaking event included state and local lawmakers, as well as project partners and community members.
1Carbon reduction based on life cycle analysis of REG-produced fuels versus petroleum diesel.
2https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by transforming renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to, the number of jobs that will be created, the growing demand for certain fuels, the expected capacity of our Geismar, Louisiana renewable diesel production facility, Geismar being a strategically advantaged project, REG’s ability to position itself as a leader in the industry, the growth of the renewable diesel and biodiesel industries, and enhancements to Geismar’s logistics, estimated capital costs, time of project completion and incentives. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the success of our business plan, market factors and progress on the construction of our Geismar, Louisiana renewable diesel production facility, and other risks described in REG's annual report on Form 10-K for the year ended December 31, 2020, quarterly reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021, and from time to time in REG's other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and we do not undertake to update any forward-looking statements based on new developments or changes in our expectations.
Katie Stanley
Renewable Energy Group
This email address is being protected from spambots. You need JavaScript enabled to view it.
(515) 979-3771
SAN ANTONIO & ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Streamline Innovations, Inc. (Streamline) and EMDAD LLC, an Abu Dhabi-based integrated solution provider for the energy sector (EMDAD), are pleased to announce a collaborative initiative to market and deploy Streamline’s environmentally forward treatment solutions for H2S and CO2 to EMDAD’s clients in the United Arab Emirates. Under the terms of the Agency Agreement, EMDAD will represent Streamline in the U.A.E. with prospective clients.
The sales and marketing initiative comes at a time when the global energy industry is moving towards the goal of achieving net-zero emissions and eliminating the routine flaring of natural gas. In response to growing momentum to improve Environmental, Social and Governance (ESG) performance, U.A.E. and other oil producing nations in the Middle East are transitioning to more sustainable and environmentally friendly operational practices.
Instead of flaring H2S-contaminated natural gas that is produced in association with crude oil, producers in the region are seeking innovative cost-effective methods to treat contaminated gas and employ it for beneficial uses. Streamline technology destroys H2S and converts it into Simple Elemental Sulfur™, which is listed with the Organic Material Review Institute (OMRI) for use in Organic Production.
“We are excited to partner with EMDAD to bring our innovative, environmentally forward solutions to the clients and citizens of the U.A.E., accelerating our growth into one of the world’s most important oil and gas producing countries,” said David Sisk, CEO of Streamline Innovations. “Our solutions can help oil and gas producers achieve their ESG mandates, eliminate routine flaring of contaminated gas and reduce emissions, typically while generating additional revenue. EMDAD is an ideal partner to help us enter the U.A.E. market with their established presence, well trained staff, and knowledge of the unique challenges faced by operators in the region.”
“The establishment of this relationship with Streamline Innovations comes at an opportune time for both our clients and our company,” said Mohammed Juma Al Bawardi, Chairman of EMDAD. “Our clients are seeking new, innovative approaches that not only help them achieve their environmental performance goals, but also generate more revenue. Streamline’s solutions are aligned with these objectives, and we anticipate their technologies will be a key factor in strengthening relationships with existing clients and attracting new business.”
Streamline brings its technology based Valkryie™ H2S treatment solution and technical expertise to the partnership, while EMDAD brings local connections, existing client relationships and local knowledge of the U.A.E. market, including ADNOC. This combination provides oil and gas producers in the region with proven solutions for treating H2S and achieving ESG mandates, supported by a reliable and professional local team.
About EMDAD LLC
EMDAD is an Integrated Service Provider to the Energy, Utilities and Industrial sector in the UAE and the region. Since its inception in 1979, EMDAD has kept pace with steady global development of technologies and the fast growth of the United Arab Emirates nation in the Energy and Industrial sectors. Today EMDAD has a balanced portfolio of services in both the Upstream and Downstream value chain of its customers that cover Well Construction, Well Intervention, Drilling Waste Management, Asset Integrity and complete range of Maintenance and Turnaround Services. Its focus for the next decade is organic growth and expansion into the Digital Solutions and ESG initiatives. Visit www.emdad.ae for more information.
About Streamline Innovations
Streamline Innovation’s vision is Eliminating Pollution Through Technology. We help heavy industry around the world achieve environmental performance objectives, improve sustainability, and transition to a sustainable, low-carbon economy.
Streamline’s environmentally forward H2S treating solutions help achieve the “E” in ESG. H2S is present in many industrial processes throughout the world. Our technology can be applied across industries, delivering a sustainable solution that eliminates H2S, a leading cause of human inhalation accidents and SO2 emissions when burned, a primary cause of acid rain. Talon treats effectively in both gas and water phases.
We also believe that achieving ESG directives requires data. Creating intelligent systems that operate effectively and efficiently without human intervention is critical to measuring and reducing emissions that harm the environment. We integrate advanced process control, data collection and analytics in our technologies to provide a total solution for customers.
We serve organizations in multiple sectors, including Energy/Oil & Gas, Biogas, Landfill Gas & Renewable Fuels, Municipal Wastewater and Industrial Air & Water. Visit streamlineinnovations.com for more information.
Streamline Innovations
Steve Bagley
Director, Corporate Development
Streamline Innovations, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
EMDAD
Sreedharan Sujeendran
Director, Products & Solutions
EMDAD LLC
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Enstor Katy Storage and Transportation, L.P. (Enstor) has executed a New Technology Implementation Grant Program Contract with the Texas Commission on Environmental Quality (“TCEQ”) for the replacement of eight (8) lean burn natural gas engines with remanufactured rich burn natural gas engines that are more efficient and produce lower emissions. This joint effort between Enstor and TCEQ not only benefits the environment in a nonattainment area, but it increases Enstor’s capabilities to serve our customers. This project is funded in part by the State of Texas through a New Technology Implementation Grant Program (NTIG) from the Texas Commission on Environmental Quality.
“NTIG is an innovative and forward-thinking program that is of great benefit to the people of Texas and responsible industry operators like Enstor. The improvements to our injection capabilities along with the other enhancements we have made to our Katy facility and wells will allow Enstor to continue to provide high quality, reliable storage services,” said Enstor Gas, LLC CEO Paul Bieniawski.
The Notice to Proceed from the TCEQ is expected in 1Q2022 with construction commencing thereafter.
About Enstor Gas, LLC
Enstor Gas, LLC is the largest privately held natural gas storage company in the United States. Headquartered in Houston, the company owns and operates seven active underground natural gas storage facilities in five states with more than 134 BCF in working gas capacity. Enstor Gas, LLC has approximately 179 miles of transmission pipelines and 39 interconnects to major transmission pipelines. Enstor Gas, LLC is backed by ArcLight Capital Partners, LLC, a leading private equity firm focused on North American energy infrastructure investments. For more information, please visit www.enstorinc.com.
Casey Nikoloric
Managing Principal, TEN|10 Group
303.507.0510 m
303.433.4397 o
This email address is being protected from spambots. You need JavaScript enabled to view it.
» Nouveau Monde continues to be committed to its “Zero Harm” principle, including industry-leading ESG standards, carbon neutrality, and traceability to help power the clean energy transition
» The Company’s inaugural ESG report provides an overview of Nouveau Monde’s core commitments and anchor initiatives
» Nouveau Monde develops its carbon-neutral operations in Québec on a foundation of accountability with a view to contributing to global environmental and sustainability goals
» Robust disclosure and measurement as per international standards ensure transparency and accountability at every step of the Company’s development of what is projected to be the Western World’s largest battery-grade graphite operation
MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--As it strives to become a contributor to the energy transition and circular economy, Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) is publishing its inaugural Environmental, Social, and Governance (“ESG”) Report to disclose its managerial approach to addressing material topics and highlight significant sustainability milestones and indicators. The Company’s ESG Report can be consulted here.
Nouveau Monde has embedded leading ESG principles in its business model alongside carbon-neutral operations and traceability of its value chain. Sustainability guided the development of the Matawinie mining project from day one through extensive stakeholder engagement and pioneering design choices to protect the environment, and was carried over in the engineering of the Bécancour battery materials plant. The Company’s ESG Report details anchor initiatives in this regard, including:
+ All-electric open-pit mine and processing facilities underpinned by clean hydropower
+ Progressive land management via innovative and safe co-disposal tailings process and ongoing backfilling during mining operations
+ Collaboration and benefit-sharing agreement with the local communities for job creation, skills training, and community development
+ In-house R&D team as well as partnership with world-class research centers and industry coalitions to be at the forefront of battery advancements
+ Proprietary anode material purification ecotechnology to reduce energy and harmful chemical consumption
Arne H Frandsen, Chairman of Nouveau Monde, commented: “Battery minerals cannot power a sustainable energy revolution unless their extraction and value-added transformation are done on a “Zero-Harm” basis. Nouveau Monde has anchored its business strategy on the essence of best-of-class ESG principles, where we focus on protecting the natural environment that has created our unique graphite anode raw materials. We are committed to our Zero-Harm philosophy while we aim at being a catalyst for growth and shared value for people and the environment in which we live. We as a team develop what is projected to be the Western World’s largest anode quality graphite operation, supporting the electrification of mobility as well as the renewable energy storage markets.”
The Company’s inaugural ESG Report provides an overview of Nouveau Monde’s historical and current commitments, anchor initiatives, and footprint with a view to contributing to global sustainability goals. From mining and advanced manufacturing to electric vehicles and energy storage, Nouveau Monde strives to drive greater sustainability along its value chain.
Eric Desaulniers, Founder, President, and CEO of Nouveau Monde, added: “Today, we are bringing to light our ESG achievements and setting the tone for our growth. We are committed to executing our business plan responsibly to deliver on our commitments to stakeholders, shareholders, and customers. We invite peers, competitors, and leaders from every sector of society to join our efforts; sustainability knows no boundaries. Through collaboration and innovation, we could multiply the impact of our actions for a decarbonized future.”
The Company has aligned its disclosure with internationally recognized frameworks, namely the United Nations’ Sustainable Development Goals (“SDGs”), the Global Reporting Initiative (“GRI”), and Sustainability Accounting Standards Board (“SASB”). The Company is committed to engaging in this transparency and accountability exercise yearly to provide its shareholders and stakeholders with a comprehensive set of data on its environmental, social, and governance performance. Nouveau Monde also intends to seek independent assessment and rating of its practices to complement this disclosure.
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 Company’s sustainability goals and commitments, the Company’s initiatives outlined in the ESG Report, including the all-electric open-pit mine, the Company’s commitment to our Zero-Harm philosophy, the Company’s contribution to growth and shared value, the expected importance of the Company in the Western World, the Company’s goal of fostering sustainability throughout its value chain, the Company’s commitment to provide annual ESG reports and to seek independent assessment and rating, 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.
DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global oil and gas security market exhibited moderate growth during 2015-2020. Looking forward, the publisher expects the market to grow at a CAGR of 7.1% during 2021-2026.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Oil and gas security refer to the measures that are undertaken to protect the value chain of the oil and gas industry from security breaches and incidents. These measures widely include supervisory control and data acquisition (SCADA) and distributed control systems (DCS), which primarily protect the operational technology (OT) of the industrial infrastructure. These measures play a vital role in streamlining operations even during harsh climatic conditions, hazardous processes, and extreme temperatures, owing to which they are now increasingly utilized across the globe for ensuring high standards of security in the oil and gas industry.
Increasing digitization across the oil and gas industry represents one of the key factors driving the market growth. Digital processing of the workflow, which otherwise is instrumental in ensuring smooth operations, has exposed data and sensitive information to hacking and cyberattacks. In line with this, governments of various nations across the globe are implementing stringent measures to identify and combat cybersecurity vulnerabilities in the oil and gas industry, which is contributing to the market growth significantly. Furthermore, the distribution network of this industry usually spans across huge acres, which often become constrained to monitor through human resources. The oil and gas security measures, including web-based mobile surveillance, become crucial in such cases to ensure effective safeguarding of the operational network and streamlining the overall security system. Other factors, such as the rising energy demand and the rapid depletion of energy resources, along with aggressive efforts undertaken by both the private and government entities to improve the aging infrastructure, are expected to drive the market further.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Oil and Gas Security Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
7 Market Breakup by Security Type
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/7wx5pd
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
NACP, WOMN and SDGA rank in the top percentile of their respective Morningstar categories following their three-year anniversaries
DALLAS--(BUSINESS WIRE)--Impact Shares, the first 501(c)3 nonprofit ETF issuer in the U.S. announced its three flagship ETFs — NACP, WOMN and SDGA — have received 5-Star Overall Morningstar Ratings™ in their respective categories following their three-year anniversaries.
“Since day one, our mission at Impact Shares is to transform the way people think about investing,” notes Ethan Powell, CEO of Impact Shares. “The outstanding financial performance of our three flagship funds demonstrates the viability of working with leading advocacy firms to achieve actively-managed social outcomes without sacrificing financial returns.”
The Impact Shares NAACP Minority Empowerment ETF (NYSE:NACP) returned 20.6% annually over the past three years, placing it within the 6th percentile beating 1176 of the 1252 funds in the U.S. Fund Large Blend category (as of 7/20/21).
The Impact Shares YWCA Women's Empowerment ETF (NYSE:WOMN) generated a 25.08% annualized return over the past three years, placing it within the top percentile of the 1,256 funds in Morningstar’s U.S. Fund Large Blend category (as of 8/25/21).
The Impact Shares Sustainable Development Goals Global Equity ETF (NYSE:SDGA) generated a 13.42% annualized return since inception, placing it in the top percentile of the 1,130 funds in the U.S. Large Value category (as of 10/6/21).
Backed by The Rockefeller Foundation, Impact Shares helps organizations such as the NAACP, YWCA and United Nations Capital Development Fund (UNCDF) translate their values into an investable product traded on the New York Stock Exchange. Companies included in each ETF must commit to an evolving set of criteria, defined by the nonprofit partners, to ensure ongoing alignment of corporate behaviors with social values. Impact Shares donates all net profits from advisor fees back to these nonprofit partners. *
For more information on Impact Shares, visit impactetfs.org.
About Impact Shares
Impact Shares is an ETF issuer and investment manager that is creating a new and innovative platform for clients seeking maximum social impact with market returns. Impact Shares' goal is to build a capital markets bridge between leading nonprofits, investors and corporate America to direct capital and social engagement on societal priorities. Impact Shares is a tax-exempt non-profit organization under Section 501(c)(3) of the Internal Revenue Code. For more information about Impact Shares visit impactetfs.org.
Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed herein are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Impact Shares disclaims any obligation to update or revise any statements or views expressed herein.
Carefully consider the Funds’ investment objectives, risk factors, and expenses before investing. This and additional information can be found in the Impact Shares statutory and summary prospectuses, which may be obtained by calling 855-267-3837, or by visiting ImpactETFs.org. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities. As an actively managed Fund, OWNS does not seek to replicate a specified index. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. Investments in commodities are subject to higher volatility than more traditional investments. NACP may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. The Funds are non-diversified.
There is no guarantee that investors mentioned will continue to hold shares of the Fund. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Impact Shares ETFS are distributed by SEI Investments Distribution Co., with is not affiliated with Impact Shares Corp., the Investment Adviser for the Funds, or Community Capital Management Inc.
*Net Profits is the excess, if any, of Impact Shares’ fund fees after the deduction of operating expense and a reserve for working capital. Due to the relatively small size of the Fund, Impact Shares’ Fund fees have not yet exceeded its related operating expenses. Accordingly, Impact Shares has not yet made any charitable contributions from such fees. There can be no assurance that Impact Shares’ Fund fees will exceed operating expenses in the future.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. ETFs and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The Impact Shares YWCA Women's Empowerment ETF (NYSE:WOMN) was rated against 1,256 U.S.-domiciled Large Blend funds over the last three years and received a Morningstar Rating of 5 stars.
The Impact Shares NAACP Minority Empowerment ETF (NYSE:NACP) was rated against 1,252 U.S.-domiciled Large Blend funds over the last three years and received a Morningstar Rating of 5 stars.
The Impact Shares Sustainable Development Goals Global Equity ETF (NYSE:SDGA) was rated against 1,130 U.S.-domiciled Large Value funds over the last three years and received a Morningstar Rating of 5 stars.
©2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Sales:
Impact Shares
844-GIVE-ETF
This email address is being protected from spambots. You need JavaScript enabled to view it.
Or
Media:
Gregory FCA for Impact Shares
Caitlyn Foster
This email address is being protected from spambots. You need JavaScript enabled to view it.
484-798-7730
Production System Binder Jetting Technology Enables Mass Production of Strong Parts That Withstand High Temperatures and Extreme Environments
BOSTON--(BUSINESS WIRE)--#3Dprint--Desktop Metal (NYSE: DM), a leader in mass production and turnkey additive manufacturing solutions, today announced it has qualified the use of nickel alloy IN625 (IN625) for the Production SystemTM platform, which leverages patent pending Single Pass JettingTM (SPJ) technology designed to achieve the fastest build speeds in the metal additive manufacturing industry.
A nickel-chromium superalloy, IN625 is characterized by its high strength, resistance to corrosion and oxidation, excellent weldability, and ability to withstand extreme, elevated temperatures for parts under load. IN625 is a critical material used extensively in high temperature aerospace applications, while its corrosion resistance under a range of temperatures and pressures also makes it an excellent choice across marine, power generation, and chemical processing applications.
“As Desktop Metal continues to drive our internal R&D efforts to qualify more materials for the Production System platform, we are excited to offer customers an all-inclusive binder jetting solution to print fully characterized IN625 with excellent properties,” said Jonah Myerberg, co-founder and CTO of Desktop Metal. “We anticipate continuing the rapid expansion of our materials portfolio in the coming months as we look to accelerate the deployment of our AM 2.0 solutions to produce end-use metal parts at scale across a growing array of industries and applications.”
“As a transformative combustion equipment company, we are very excited about the release of IN625 for its high temperature and corrosion-resistant properties in flaring and sulfur incineration applications,” said Jason Harjo, Director, Mechanical & Electrical Design (Americas), Koch Engineered Solutions. “This will give us much more flexibility in innovative, additive manufacturing designs for some of our most difficult applications.”
IN625 - Key Applications
Desktop Metal’s materials science team has qualified and fully characterized IN625 printed on Production System technology in accordance with ASTM testing requirements. IN625 parts printed on the Production System platform not only eliminate the use of tooling and minimize material waste, but also represent a significant decrease in production time and part cost compared to conventional manufacturing methods.
Examples of key use cases include:
The Production System - World’s Fastest Way to 3D Print Metal Parts At-Scale
Created by the inventors of binder jetting and single-pass inkjet technology, the Production System is an industrial manufacturing platform powered by Desktop Metal’s SPJ technology. It is designed to achieve speeds up to 100 times those of legacy powder bed fusion additive manufacturing technologies and enable production quantities of up to millions of parts per year at costs competitive with conventional mass production techniques.
The Production System platform consists of two printer models: the P-1, a solution for process development and serial production applications, and the P-50, a large form factor mass production solution for end-use parts. The Production System combines Desktop Metal engineered binders with an open material platform, allowing customers to produce high-performance parts using the same low-cost metal powders used in the Metal Injection Molding (MIM) industry. An inert processing environment enables compatibility with a variety of materials, including high-performance alloys and even reactive metals, such as aluminum and titanium. To learn more about the Production System, visit: www.desktopmetal.com/products/production.
In addition to IN625, the materials library for the Production System includes 17-4PH stainless steel, 316L stainless steel, and 4140 low-alloy steel, each of which have been qualified by Desktop Metal. The platform also supports several customer-qualified materials, including silver and gold, and Desktop Metal plans to add additional metals to its portfolio, including tool steels, stainless steels, superalloys, copper, and more.
To learn more about IN625 and the Production System materials portfolio, visit: www.desktopmetal.com/materials.
About Desktop Metal
Desktop Metal, Inc., based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production. Founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make additive manufacturing an essential tool for engineers and manufacturers around the world. Desktop Metal was selected as one of the world’s 30 most promising Technology Pioneers by the World Economic Forum, named to MIT Technology Review’s list of 50 Smartest Companies, and the 2021 winner of Fast Company’s Innovation by Design Award in materials. For more information, visit www.desktopmetal.com.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks, uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to, the risks and uncertainties set forth in Desktop Metal, Inc.'s filings with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Desktop Metal, Inc. assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Media Relations:
Caroline Legg
This email address is being protected from spambots. You need JavaScript enabled to view it.
(203) 313-4228
Investor Relations:
Jay Gentzkow
This email address is being protected from spambots. You need JavaScript enabled to view it.
(781) 730-2110
Swell’s partnership approach aims to maximize rebates and grid benefits with a Distributed Power Plant in Redwood Coast Energy Authority territory
LOS ANGELES--(BUSINESS WIRE)--Renewable energy and grid solutions provider Swell Energy Inc. (Swell) today announced a contract with Redwood Coast Energy Authority (RCEA) to develop the Community Grid Program designed to provide additional capacity and resource adequacy to Humboldt County. Swell’s Distributed Power Plant (DPP) effort with RCEA applies an innovative and collaborative approach to establish up to 45 MWh of behind-the-meter solar powered energy storage, bringing essential power reliability to a region hard hit by wildfires and public safety power shutoffs in recent years.
To quickly build a solar and energy storage customer base in the region, Swell is expanding its partnership with GRID Alternatives and leveraging all government, utility, and financial programs available to bring down customer costs and enroll both new and existing systems into the Community Grid Program.
Residential, commercial, and industrial solar+storage sites located at a customer’s site can be eligible to participate in RCEA’s Community Grid Program. Swell’s success delivering zero cost energy storage to communities most in need in 2020—including low income and medically vulnerable customers as well as native tribes—through California’s Self Generation Incentive Program (SGIP) enables Swell to offer additional monetary incentives to SGIP customers in the RCEA territory. Humboldt county energy users that want the benefits of renewable power reliability and bill savings while simultaneously supporting energy resilience in their community can sign up to participate.
Swell partners with a diverse group of utilities and organizations in key markets to rapidly deploy and aggregate distributed energy resources. In other areas of California, Swell is working with Prosper Sustainably, Direct Relief, Sierra Club chapters, Tribal Governments, Independent Living Resource Center Inc., and other groups to promote solar and storage adoption and a carbon neutral energy future. The RCEA project fits into the utility's broader strategic plan, which includes deploying renewable customer-sited distributed energy and storage resources.
“RCEA is excited to be working with Swell and GRID to bring state and local incentives for energy storage to Humboldt County agencies, homes, and businesses,” said Matthew Marshall, Executive Director of RCEA. “The battery storage systems installed under this program can provide customer bill savings and grid benefits during normal daily operations but will also serve critical energy needs during power outages.”
“By teaming up with RCEA on the development of a regional DPP, we are able to bring the core benefits of batteries and incremental value to local residents and businesses,” said Suleman Khan, CEO of Swell Energy. “We’re facilitating energy resilience among vulnerable regions and communities and expanding the impact of renewable energy resources to the local grid—affording homeowners and small commercial customers additional benefits for participating in grid services programs, while bringing greater energy reliability and environmental benefits to the broader region.”
Since 2019, Swell Energy and GRID Alternatives have collaborated throughout California to deliver energy security through residential and commercial energy storage projects to communities in need and will now bring these capabilities to the RCEA service territory. Moreover, the partnership with GRID Alternatives includes workforce development programs that teach energy service trades, like solar installation, to community members to empower youth and build skill sets in a growing industry.
“Battery storage technology and solar job training in underserved communities creates resiliency in the face of climate-related disasters and shut-offs,” says Paul Cleary, Executive Director of GRID San Diego. “GRID Alternatives is excited to partner with Swell Energy to bring these new technologies and workforce programs to tribal and other environmental justice communities.”
To learn more about how you can take advantage of energy storage incentives and make your home or business resilient against power shut-offs, visit www.swellenergy.com/rcea. To find out how your organization can partner with Swell Energy to help deploy these programs, visit www.swellenergy.com/partners.
About Swell Energy Inc.
Swell Energy is creating a greater grid for the greater good. The energy management and smart grid solutions provider is accelerating the mass adoption of distributed clean energy technologies by making it easy for consumers to take control of their energy use, achieve energy security, and save costs. Swell Energy provides homeowners and businesses with financing and educational resources, while partnering with trusted local solar and solar+storage companies for seamless, high-quality product installations. By creating a critical mass of dynamic and responsive clean energy resources within utility service areas across the United States, Swell Energy is also delivering resilient virtual power plant networks and grid-balancing services to utilities, which are fundamental to our future, carbon-free, distributed renewable energy system. Learn more at www.swellenergy.com.
About GRID Alternatives
GRID Alternatives is a national leader in making clean, affordable solar power and solar jobs accessible to economic and environmental justice communities. Using a unique, people-first model, GRID develops and implements solar projects that serve qualifying households and affordable housing providers, while providing hands-on job training and connections to clean mobility and battery storage incentive programs. GRID has installed solar for more than 20,500 families to-date and helped households and housing providers save $532 million in lifetime electricity costs, while training over 45,000 people. GRID Alternatives has eight regional offices and affiliates serving California, Colorado, the mid-Atlantic region, and Tribal communities nationwide, and serves communities in Nicaragua, Nepal and Mexico. For more information, visit www.gridalternatives.org.
About RCEA
The Redwood Coast Energy Authority is a local government joint powers agency whose members include the County of Humboldt, all local cities, and the Humboldt Bay Municipal Water District. The Energy Authority’s purpose is to develop and implement sustainable energy initiatives that reduce energy demand, increase energy efficiency, and advance the use of clean, efficient and renewable resources available in the region. For more information, visit www.redwoodenergy.org.
Press Contact
Camille Cater
Antenna Group for Swell Energy
This email address is being protected from spambots. You need JavaScript enabled to view it.
551-225-1478
Vicki Hollub and Chris Ashton speak with IHS Markit Vice Chairman Daniel Yergin for a new edition of CERAWeek Conversations – available at https://ondemand.ceraweek.com/cwc
WASHINGTON--(BUSINESS WIRE)--The carbon capture business is going to be an industry, and a big one at that, says Vicki Hollub, president and CEO of Occidental Petroleum in the latest episode of CERAWeek Conversations.
“It’s going to be a probably $3-5 trillion industry if you look at how much carbon capture is going to be needed around the world,” Hollub says. “We think ultimately it’s going to generate as much earnings and cash flow as our oil business does today. We believe it’s a long-lasting business.”
In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Hollub and Chris Ashton, CEO and managing director of Worley discuss their partnership to build a large-scale direct air capture facility in the Permian Basin—expected to startup in 2024—and the potential to scale the technology further.
“One of the big contributors to addressing the economic viability of this is the fact that we are working together in an integrated, innovative way,” says Ashton. “So many inefficiencies exist in a way that traditionally supply chains interact. We’ve taken a big step forward in the way we’re working together.
“Once the direct air capture technology that we’re working on together is up and running and we clearly demonstrate that it works and is viable, the scaling opportunities are immense,” he adds.
“There needs to be a lot of these built over time,” Hollub says in discussing broader plans to build up to 12 facilities in the Permian, along with ambitions to ultimately build facilities elsewhere in the United States and internationally. “That’s the only way we can cap global warming at 1.5 degrees. This has to happen in a big way.”
In addition to carbon capture, Hollub and Ashton discuss their thoughts on the state of U.S. shale production amid tightening oil markets and rising prices; new challenges and strategies for large-scale capital projects in the energy transition; the potential for hydrogen, and more.
The complete video is available at: https://ondemand.ceraweek.com/cwc
Podcast version available: CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
Selected excerpts:
Interview Recorded Monday, October 4, 2021
(Edited slightly for brevity only)
Watch the complete video at: https://ondemand.ceraweek.com/cwc
Recent CERAWeek Conversations segments also include:
About CERAWeek Conversations:
CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.
The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.
The complete episode library is available at https://ondemand.ceraweek.com/cwc.
CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
News Media:
Jeff Marn
IHS Markit
+1 202 463 8213
This email address is being protected from spambots. You need JavaScript enabled to view it.
Press Team
+1 303 858 6417
This email address is being protected from spambots. You need JavaScript enabled to view it.
CALGARY, Alberta & HOUSTON--(BUSINESS WIRE)--#blockchain--Validere, a leader in bringing commodity data transparency to the energy industry, today announced the completion of a partnership with GuildOne Inc. (GuildOne), a pioneering technology company, to create new digital assets for balancing energy needs with emission reductions.
Under the partnership Validere will immediately start validating carbon captured by select industry clients. This audit trail on sequestered carbon volumes will then be connected to other consortium partners for the purposes of verification on a client-by-client basis, and then to GuildOne’s blockchain platform for the purchase of carbon offset credits by global entities interested in lowering emissions and meeting targets.
“We’ve always had a lot of respect for the GuildOne team and it’s exciting to formally partner. They share our view of the critical importance of the energy supply chain, and that better data and tools can immediately drive economic and environmental improvement,” said Nouman Ahmad, co-founder and CEO, Validere. “Our customers have always been fully aligned in measuring and reducing their impact and this is an additional way we can help support markets to incentivize and accelerate these emission reductions. Partnerships such as this are critical in accelerating carbon capture.”
“This once again demonstrates the potential of blockchain technology, where data-intense software companies such as Validere and their clients are interested in connecting primary data sources for the creation of new assets that drive global emissions reductions,” said GuildOne CEO James Graham. “Validere creates great primary data audit trails from industry instruments and data sources, and the blockchain component from GuildOne now allows that data to be shared with counterparties in a way that significantly reduces friction.”
Validere helps more than 40 producers, midstream, and downstream energy companies consolidate their commodity inventory data into a single repository, so they have a detailed “genealogy” of every molecule as it progresses through the energy supply chain.
About Validere
Validere is a leading data and analytics SaaS provider that is digitally transforming the world’s largest supply chain to be more sustainable and efficient. Our Product Data Cloud enables energy companies to aggregate all commodity inventory data into a complete, accurate, and auditable repository that allows them to create a real-time digital fingerprint of the molecule. Using this single-source-of-trust and our digital infrastructure models, energy professionals across operations, commercial, and ESG functions can now quickly make data-driven decisions on a daily basis. By partnering with us, business leaders leverage our unique datasets as well as our experts in data science, physical science, and oil and gas to create a company-wide value engine. As a result, more than 40 of North America’s leading energy companies now realize the full value of their commodities through higher commercial margins, reduced operational costs and risks, and meaningful ESG progress.
About GuildOne
GuildOne leverages the power of advanced blockchain infrastructure and applications to build a sustainable, optimized and trusted future for the global energy industry. Working with the world’s largest oil and gas companies and technology partners including R3 and AWS, the company's pioneering smart contract technologies and secure networks are transforming how the industry transacts, shares data and creates value. Uniting product intelligence with blockchain traceability and digital assets, GuildOne is developing the automated foundation for the next generation of verified carbon credits.
Media:
Erin Farrell Talbot
Farrell Talbot Consulting
This email address is being protected from spambots. You need JavaScript enabled to view it.
Ben Tao
Validere
This email address is being protected from spambots. You need JavaScript enabled to view it.
Alexis Pappas
GuildOne
This email address is being protected from spambots. You need JavaScript enabled to view it.
Project funding activity in 9M 2021 was the highest ever, with 23.6 GW funded
AUSTIN, Texas--(BUSINESS WIRE)--Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the third quarter (Q3) and the first nine months (9M) of 2021.
Total corporate funding (including venture capital funding, public market, and debt financing) increased 190% in 9M 2021, with $22.8 billion (B) in 112 deals compared to $7.9B in 72 deals in 9M 2020.
Financing activity was up across the board, including venture capital, debt, and public market financing. Total solar corporate funding in Q3 2021 came to $9.3B in 41 deals, a 72% increase compared to $5.4B in 35 deals in Q2 2021.
To get the report, visit: https://mercomcapital.com/product/9m-q3-2021-solar-funding-ma-report/
Chart: Solar Corporate Funding - 2021
"Investment activity continues to be robust across the solar sector and not just compared to 2020 (because of COVID). This will end up as one of the best years for solar financing since 2010. As the push toward the energy transition picks up speed worldwide, solar – one of the mature renewable energy resources – is benefitting enormously. Solar project acquisitions in the first nine months of 2021 have already surpassed all of 2020," said Raj Prabhu, CEO of Mercom Capital Group.
Global VC funding in the solar sector totaled $593 million (M) in 13 deals in Q3 2021, a 2% decrease compared to $608M in 12 deals in Q2 2021.
In 9M 2021, the solar sector brought in $2.2B in VC funding in 39 deals, 466% higher compared to $394M in 29 deals in 9M 2020.
Chart: Solar Top 5 VC funded companies in 9M 2021
Forty-one VC investors participated in solar funding rounds in Q3 2021.
Public market financing into the solar sector came to $2.7B in 10 deals in Q3 2021, 197% higher compared to $894M in five deals in Q2 2021. Solar public market financing in 9M 2021 was 209% higher, with $6.3B raised in 23 deals compared to $2B in 10 deals in 9M 2020.
There were seven solar initial public offerings (IPO) and SPACs announced in 9M 2021, bringing in $4.4B.
In Q3 2021, debt financing amounted to $6B in 18 deals, an increase of 54% compared to $3.9B in 18 deals in Q2 2021. Record securitization activity was a key contributor to the increase in debt financing activity during 9M 2021.
There were 29 solar M&A transactions in Q3 2021 compared to 34 M&A transactions in Q2 2021. In 9M 2021, there were 83 transactions compared to 42 deals in 9M 2020.
Chart: Solar Top 5 Disclosed M&A Transactions in 9M 2021
In 9M 2021, large-scale solar project acquisition activity was up 129%, with 55.5 GW being acquired compared to 24.3 GW in 9M 2020. A total of 15.8 GW of solar projects were acquired in Q3 2021.
Chart: Solar Project Acquisitions in Q3 2021
Project developers were the most active solar project acquirers in 9M 2021, followed by oil and gas majors, investment firms, and utilities.
Chart: Solar Project Acquirers in 9M 2021
To learn more about the report, visit: https://mercomcapital.com/product/9m-q3-2021-solar-funding-ma-report/
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage, Smart Grid, & Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence and strategic decision-making. https://www.mercomcapital.com.
Wendy Prabhu
This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or “Company”) today announced seven heavy civil awards with a combined value over $115 million. The projects were secured by the Company’s Energy/Renewables Segment and are located across the Southwest. The range of award start dates begin as early as the fourth quarter of 2021 and end in the back half of 2023 and mid-year 2024.
“These projects are just another example of how, from critical infrastructure to renewable energy, we are delivering projects that are essential to America’s future,” said Tom McCormick, President and Chief Executive Officer of Primoris.
ABOUT PRIMORIS
Primoris Services Corporation is a leading specialty contractor providing critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, electrical transmission and distribution systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.
FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements that reflect, when made, the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the Company’s future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipates”, “believes”, “could”, “estimates”, “expects”, “intends”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “will”, “would” or similar expressions. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of regulation and the economy, generally. Forward-looking statements inherently involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results may differ materially as a result of a number of factors, including, among other things, the risks described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2020, and our other filings with the U.S. Securities and Exchange Commission (“SEC”). Such filings are available on the SEC’s website at www.sec.gov. Given these risks and uncertainties, you should not place undue reliance on forward-looking statements. Primoris does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
Brook Wootton
Vice President, Investor Relations
Primoris Services Corporation
This email address is being protected from spambots. You need JavaScript enabled to view it.
PERRYSBURG, Ohio--(BUSINESS WIRE)--#acquisition--Miner Ltd., the loading dock and door division of OnPoint Group, today announced it has closed the acquisition of Great Lakes Dock & Door, a full service company specializing in the sale, service, maintenance and repair of overhead doors, specialty door systems and loading dock equipment in Michigan and Ohio. This acquisition further expands Miner’s national presence into the Midwest region.
“We are pleased to have Great Lakes Dock & Door join the Miner family, supporting our commitment to bringing efficiency, safety and risk mitigation to our customers’ supply chain. Their presence in the Midwest market and their reputation as a top resource for customers’ complete dock and door needs further strengthens our reach and geographic footprint in this important market,” stated Miner’s President, Dave Wright.
“This acquisition reflects our commitment to being the first national service organization capable of delivering coast to coast consistency,” added Tom Cox, CEO of OnPoint Group.
Dedicated to being the first choice for customers on a local level as well as a trusted partner for automotive manufacturers, tier one suppliers and general contractors, Great Lakes Dock & Door has become a go-to resource for expertise and support.
“We are thrilled to join Miner, a company that shares our mission of providing an expert, single source solution for customers' overhead door and loading dock equipment needs. We look forward to leveraging Miner's nationwide coverage for our customers alongside expanded solutions aimed at driving loading dock safety and uptime,” said C.J. Ruffing, General Manager of Great Lakes Dock & Door.
For additional information about Miner and Great Lakes Dock & Door visit www.minercorp.com or www.onpointgroup.com/mergers-acquisitions.
About Miner Ltd.
Miner Ltd., an OnPoint Group company, is the facility expert for docks and doors, improving safety and uptime while lowering costs for some of the largest industrial facilities and Fortune 500-class companies in North America. Our suite of proactive MinerCare services makes for smarter, safer loading docks with data-driven solutions. From real-time electronic evidence to equipment monitoring to asset management and expert installations, our mission is to mitigate risk and improve efficiency at the loading dock. Our service footprint includes the largest network of best in class service professionals nationwide delivering superior speed, consistency and results 24/7/365. Learn more at https://www.minercorp.com/.
Lexington Public Relations
Suki Mulberg Altamirano
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 646 265 0675
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.