CARY, N.C.--(BUSINESS WIRE)--MercuryGate® International, Inc., (MercuryGate) the largest, dedicated transportation management system (TMS) provider, today announced the company was named a 2022 Top Software & Technology Provider by Food Logistics Magazine.
This year’s awardees were recognized for investing in and implementing emerging technologies – from mobile technology to Internet of Things and from food safety management, routing and scheduling to yard management and more.
“This year’s award is particularly meaningful and for good reason,” said MercuryGate President & CEO Joe Juliano. “Over the past year, MercuryGate has delivered to the market several new product development features laying the groundwork for a unified system that combines end-to-end shipment lifecycle visibility with actional execution layers. We call it Intelligent Transportation. MercuryGate will be the first platform to create full transparency to the shipment journey combining real-time predictive data and the ability to take preemptive action in one place on one unified TMS.”
The Food and Beverage industry is a core market of MercuryGate. The company’s track record of multi-decade investments in this vertical will continue in 2023 and beyond serving the needs of its more than 100 food and beverage companies accounting for nearly $1 billion in freight under management (FUM). With 180+ million annual shipments and $93 billion of FUM, MercuryGate’s TMS platform simplifies the complex to facilitate multi-mode, multi-leg, pickup, drop, customer, dynamic change loads, on-time and in-full (OTIF) and must arrive by date (MABD) shipments on one platform. The platform can also identify separation or co-mingling of frozen and chilled products.
“The supply chain management software segment is projected to reach $18.04 billion this year, according to Statista, and includes all the corresponding emerging software solutions such as mobile technology, robotics, wireless technology and more,” said Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive. “This year’s winners and their solutions represent the industry’s best software and technology offerings providing flexibility, efficiency, safety, visibility, and end-to-end management from farm to fork and beyond. Congratulations to this esteemed group.”
Food Logistics is the only publication exclusively dedicated to covering the movement of product through the global cold food supply chain. A listing of the 2022 Top Software & Technology providers can be found here: www.FoodLogistics.com.
About Food Logistics
Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Food Logistics and sister publication Supply & Demand Chain Executive are also home to L.I.N.K. and L.I.N.K. Educate podcast channels, L.I.N.K. Live, SCN Summit, SupplyChainLearningCenter.com and more. Go to www.FoodLogistics.com to learn more.
About MercuryGate
MercuryGate provides powerful, intelligent transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The comprehensive Software-as-a-Service (SaaS) product suite natively supports all transportation modes and segments, generating value for its users through improved cost, productivity and efficiency using artificial intelligence (AI), machine learning (ML) and connected technologies to adapt and automate transportation management functions. Learn how MercuryGate makes shipping intelligent, simple, sustainable and transformative for customers at: www.mercurygate.com.
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PV solar-plus-storage systems with Ampt deliver more energy and have a lower capex compared to other approaches
FORT COLLINS, Colo.--(BUSINESS WIRE)--Ampt, the world’s #1 DC optimizer company for large-scale photovoltaic (PV) systems, today announced it has been named a Top Ten Energy Storage Solutions Provider of 2022 by Energy Tech Review. Ampt was awarded for its superior DC power management technology. This recognition distinguishes Ampt at the forefront of the energy transition as a leading player in large-scale PV plus storage deployments.
Ampt String Optimizers are DC/DC converters that lower the cost and improve the performance of PV plus storage systems. Some of the largest PV plus DC-coupled storage systems in the world are using Ampt optimizers to save on electrical BOS components, battery converters, and inverters, while generating and capturing more energy to increase the return of investments on projects.
Energy Tech Review’s energy storage awards identifies the best-in-class solution providers across a diverse range of applications and showcases their expertise and services in solving impediments and overcoming market complexities. Ampt’s innovative power optimization technology enables DC-coupled storage, which provides superior cost and performance compared to the other solar-plus-storage architectures. With Ampt, DC-storage devices can be seamlessly and flexibly co-located with solar power plants, eliminating obstacles seen in AC-coupled systems, such as the need for ancillary hardware parts and construction of separate solar and storage systems. Ampt String Optimizers are unlocking value for the world’s leading renewable energy project developers, and the company is on track to triple shipments in 2022 as demand for its innovation continues to grow.
“We’re pleased to be recognized as a Top 10 Energy Storage Solutions Provider of 2022,” said Levent Gun, CEO of Ampt. “Our mission is to replace fossil fuels with solar, but this cannot be achieved without energy storage. Ampt String Optimizers makes it easier for developers to integrate low-cost storage devices seamlessly into their solar power plants, and then maximizes the plant’s energy output for greater returns on investment. A growing bottom line means more solar plants and a low-carbon future for our planet.”
For more information about the Energy Tech Review award and Ampt, click here.
About Ampt
Ampt delivers innovative power conversion and communication technology that are used to lower the cost and improve performance of new PV systems, repower existing systems, and enable lower cost DC-coupled storage. With installations and experience serving markets around the world, Ampt is the number one DC optimizer company for large-scale systems. The company is headquartered in Fort Collins, Colorado and has sales and support locations in North America, Europe, and Japan as well as representation in Asia, Australia, and the Middle East. For more information, visit www.ampt.com and follow Ampt@LinkedIn.
Media:
Annika Harper
Antenna Group
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THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQX: KGEIF) is providing an update on its latest wells in its Tishomingo field in Oklahoma.
Brock 9-3H Well & Glenn 16-3H Well
The Brock 9-3H well (100% working interest) has averaged about 900 Barrels of oil equivalent per day (“BOEPD”) (765 Barrels of oil per day (“BOPD”)) for the last eight days as the well has been flowing back the completion stimulation fluid.
The Glenn 16-3H well (100% working interest) has averaged about 860 BOEPD (690 BOPD) for the last eight days as the well has been flowing back the completion stimulation fluid.
Emery 17-2H Well
The Emery 17-2H well* (98.725% working interest) has averaged about 740 BOEPD (580 BOPD) for the last twenty-five days as the well has been cleaning up after the completion.
Wolf Regener, President and CEO, commented, “These latest three wells are currently adding over 2,500 BOEPD to our previous production, which in the third quarter was 1,700 BOEPD. Based on how these wells are currently performing, we anticipate easily exceeding our 2,700 BOEPD forecast exit rate at year-end. While early in the production cycle, the five wells we drilled this year with our latest generation completion technique are showing some of the best early results we have had in this field. This demonstrates the consistency that management believes it can continue to achieve.
“The very strong early results of the Brock 9-3H and Glenn 17-3H are occurring while the wells are still flowing up casing as the tubing is scheduled to be installed in the coming weeks. We are also extremely pleased with the 740 BOEPD 25-day initial production rate (“IP25”) from the Emery 17-2H well, which is also still flowing up casing.
“To put this excellent well performance in perspective, the forecasted 30-day proved curve case (IP30) utilized by our third-party engineering firm for our December 31, 2021 reserve report was 388 BOEPD (“Reserve Report IP30”), while the initial 30-day type curve used by the Company’s management for wells in the corridor assumes a 472 BOEPD IP30 rate (“Management IP30”). The Emery 17-2H well 25-day IP, the Brock 9-3H well 8-day IP and the Glenn 17-3H 8-day IP rates are all higher than the comparable IP day rates for both the Barnes 8-4H well that was drilled earlier this year and the Glenn 16-2H well. The Glenn 16-2H well was drilled a few years ago in the corridor and was completed with the first generation of our latest completion design. The Barnes 8-4H and the Glenn 16-2H wells ended up with IP30 rates that were about 1.5 and 1.6 times higher, respectively, than the Reserve Report IP30.
“Based on the current performance of the wells and the expectation that they will perform similarly to our previous core area wells, we anticipate that all the wells will end up with IP30 rates that are much higher than the Reserve Report IP30 and above the Management IP30. However, there can be no assurance as to what each well’s IP30 rate or ultimate productivity will be.”
About Kolibri Global Energy Inc.
Kolibri Global Energy Inc. is a North American energy company focused on finding and exploiting energy projects in oil, gas, and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company’s shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQX under the stock symbol KGEIF.
Cautionary Statements
In this news release and the Company’s other public disclosure: The references to barrels of oil equivalent (“Boes”) reflect natural gas, natural gas liquids and oil. Boes may be misleading, particularly if used in isolation. A Boe conversion ratio of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probable plus possible reserves. The type curve utilized by the Company’s management is the average of the 7 Caney wells that were drilled prior to December 31st, 2021, are located in the Corridor (well names can be found on the Company’s Corporate presentation), with lateral lengths normalized to a 4,900 ft lateral length, the other assumptions are the same as in the Company’s December 31, 2021 independent reserves evaluation.
* The Emery 17-2H was referred to as the Emery 17-3H in the Company’s previous news release.
Readers should be aware that references to initial production rates and other short-term production rates are preliminary in nature and are not necessarily indicative of long-term performance or of ultimate recovery. Readers are referred to the full description of the results of the Company’s December 31, 2021 independent reserves evaluation and other oil and gas information contained in its Form 51-101F1 Statement of Reserves Data and Other Oil and Gas Information for the year ended December 31, 2021, which the Company filed on SEDAR on March 8, 2022.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward looking information”), including statements regarding the timing of and expected results from planned wells development, the anticipated IP30 rate of the Emery 17-2H well, the Barnes 9-3H well and the Glenn 16-3H well, tubing is scheduled to be installed in the coming weeks, the forecast exit rate at year-end, and management’s expectation regarding achieving consistency in future wells. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company’s technical team at the date the data is provided and is subject to several factors and assumptions of management, including that that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the price of oil will be sustained or increase, that the Company will continue to be able to access sufficient capital through financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company’s business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays, labor or contract disputes or shortages of equipment or labor are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the price of oil will decline, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company’s business as set forth in the Company’s management discussion and analysis and its annual information form, both of which are available for viewing under the Company’s profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.
Wolf E. Regener +1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com
Investors are encouraged to watch the Company’s new video, outlining Coretec’s Endurion technology and its unique approach to battery development.
ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group (OTCQB: CRTG), developers of silicon anode active materials in lithium-ion batteries for EV, cleantech, and emerging tech applications, today released a short, informative video for investors and the public to view, ahead of its upcoming shareholder call at 10:00 a.m. EST on Wednesday, December 14, 2022.
The video clip can be viewed below:
The shareholder call will cover Coretec’s accomplishments from 2022, provide updates to its Endurion battery program, and outline corporate plans for growth in the new year. Company leaders will also answer pre-submitted questions from the investment community, potential partners and news media.
Webcast Details
Audience Link
Where attendees will register and view the event. The webcast console will be available to registered attendees 15 minutes prior to the scheduled event start time.
https://events.q4inc.com/attendee/242293725
Participants (please use if you cannot access the webcast)
United Kingdom (Toll-Free): +44 808 189 6484
United States: 1 844 200 6205
United States (Local): 1 646 904 5544
Canada dial-in number (Toll-Free): 1 833 950 0062
Canada dial-in number (Local): 1 226 828 7575
All other locations: +1 929 526 1599
Access code: 599774
About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.
For more information, please visit thecoretecgroup.com.
Follow The Coretec Group on:
Twitter – @CoretecGroupInc
LinkedIn – www.linkedin.com/company/24789881
YouTube – www.youtube.com/channel/UC1IA9C6PoPd1G4M7B9QiZPQ/featured
Forward-Looking Statements
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
Corporate Contact:
The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833
Media Contact:
Spencer Herrmann
FischTank PR
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+1 (518) 669-6818
CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is introducing the MOTOR-MAX product line of non-oriented electrical steels for high frequency motors and generators in the North American market. Cleveland-Cliffs is raising the standards of steel performance once again with its MOTOR-MAX High Frequency Non-Oriented Electrical Steels (HF NOES) brand of electrical steels, which are designed for high speed motors, electric vehicle (EV) traction motors, aircraft generators and other rotating equipment. From research to production, Cleveland-Cliffs has the experience and capabilities to produce the quality electrical steels necessary for these distinctive high performance applications to meet a broad range of customer technical requirements.
The drive towards vehicle electrification has transformed the automotive market with the adoption of electric vehicles (EVs). As demand for electrical steels increase for EV traction motors, Cleveland-Cliffs is at the forefront of this market as the only producer of automotive-quality electrical steels in North America. EV traction motors are one of the most crucial components of electric vehicles and utilizing MOTOR-MAX High Frequency electrical steels will improve the overall efficiency and performance of the motor. With a reliable, domestic supply of MOTOR-MAX electrical steels, automotive OEMs have a dependable source for their production of EV motors in the United States.
In addition, the growing demand for EVs has fueled the requirement for charging stations’ infrastructure nationwide. Cleveland-Cliffs has the resources in place to play a leadership role also with its grain-oriented electrical steels (GOES) to be used in EV charging stations.
Cleveland-Cliffs is able to make MOTOR-MAX HF NOES and other electrical steel products utilizing a cleaner mix of its high-quality direct reduced iron and recycled steel scrap at its electric arc furnaces (EAFs) located in the United States. The Company maintains control over the entire production cycle, using U.S.-sourced materials, incorporating recycling and other environmentally friendly sustainable practices. Cleveland-Cliffs’ technique to produce electrical steels, like MOTOR-MAX HF NOES, results in lower greenhouse gas emissions than other steel mills utilizing carbon-intensive energy sources and production methods.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. We are the largest supplier of steel to the automotive industry in North America and serve a diverse range of other markets due to our comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 27,000 people across its operations in the United States and Canada.
MEDIA CONTACT:
Patricia Persico
Senior Director, Corporate Communications
(216) 694-5316
INVESTOR CONTACT:
James Kerr
Manager, Investor Relations
(216) 694-7719
The Skyward Community Solar project, owned and operated by Standard Solar, will generate 3.6 million kilowatt hours of clean energy each year and lower emissions across the Greater Portland area
PORTLAND, Ore.--(BUSINESS WIRE)--Microsoft, Nike and Common Energy today announced that they have partnered to subscribe Standard Solar’s first community solar project in Oregon. The Skyward Community Solar project, located in Clackamas County, Oregon will generate 3.6 million kilowatt hours of clean energy each year, which will be fed into the broader electrical grid. Clean electricity from the project will replace fossil fuel generation and lower carbon emissions and pollution, benefiting the entire community.
According to the provisions of Oregon’s Community Solar Program, Microsoft will make up the commercial allocation. Approximately one hundred Nike employees have subscribed the residential portion of the project. All subscribers will receive a contracted discount on their electric bills each month and Renewable Energy Credits (“RECs”) proportional to their share of the project’s energy generation.
In addition, ten percent of the Skyward generation has been allocated to qualified low- and moderate-income households, who in turn will receive a substantial discount on their electric bills.
“At Microsoft, part of our vision for a sustainable future is advocating for innovative technology that empowers and benefits everyone,” said Katie Ross, Global Sustainability Program Manager. “We are proud to be a lead partner in this initiative that helps achieve environmental goals while also supporting low-income residences with clean, affordable energy. We are excited to partner on this project and be part of bringing a greener grid to the entire Clackamas County community.”
“Nike and our employees are proud to support this new and innovative way to lower carbon emissions and reduce the cost of energy in our backyard,” said Seana Hannah, Vice President of Sustainable Innovation. “We’re also excited that a portion of the project’s savings will be directed to households in our community who need these benefits most.”
“We’re excited that our first completed project in Oregon, a state that requires 50 percent of electricity come from renewable sources by 2040, not only serves the residents of Clackamas County, but also some of the large corporations that employ them,” said Mike Streams, Chief Development Officer at Standard Solar. “More companies are turning to solar to boost their bottom line with a cleaner and more secure form of energy. Standard Solar looks forward to supporting many more solar projects in the state.”
“We are proud and excited to bring more world class partners into the community solar sector,” said Richard Keiser, founder and CEO of Common Energy. “We hope that Microsoft and Nike’s leadership on climate solutions will inspire other businesses and non-profits to support community solar projects across the country.”
Common Energy would like to thank the leadership of the Energy Trust of Oregon, the Oregon Public Utilities Commission, the Community Energy Project, the Oregon Solar and Storage Industries Association (OSSIA) and the Pacific Gas and Electric Company for their respective efforts to bring the project to fruition.
About Common Energy
Common Energy is a leading community solar provider that services over 200MW of projects across the country. Common Energy’s programs enable households and businesses to support local clean energy, lower emissions in their communities, and save money on their electricity with their existing utility accounts. To join a community solar project, enroll at www.commonenergy.us. Companies interested in partnering with Common Energy please email This email address is being protected from spambots. You need JavaScript enabled to view it..
Press Contact
Joanna Ehrenreich, Vice President of Marketing
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929-295-7639
PLANO, Texas--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced a definitive agreement with a large landowner in southwest Louisiana for the future development and operation of a dedicated CO2 sequestration site. The 31,000 acre land position is located in Allen, Beauregard and Vernon Parishes, approximately 25 miles north of Denbury’s Green Pipeline. Denbury estimates that there is potential to store up to 250 million metric tons of CO2 in the site, with first injection planned as early as 2026. The strategic location of the site provides nearby storage potential for the heavy industrial areas of Beaumont and Port Arthur, Texas, and Lake Charles, Louisiana. In close proximity to the dedicated CO2 sequestration site is more than 60 million metric tons per year of existing emissions.
Nik Wood, Denbury’s Senior Vice President, CCUS, commented, “Denbury has unparalleled experience and CO2 pipeline infrastructure in the U.S. Gulf Coast for the transportation and storage of CO2. Today’s announcement adds an important piece in the development of our CCUS business, providing another significant future storage site in close proximity to our pipeline infrastructure, which naturally expands the reliability and future capacity of our network. We look forward to developing this site as we aim to provide the most efficient and reliable CO2 platform in the U.S.”
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging Denbury’s unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2 EOR.
Follow Denbury on Twitter and LinkedIn.
This press release contains forward-looking statements as to the timing and potential storage capacity of the above sequestrations site that involve risks and uncertainties, including the timing and availability of CO2 to be sequestered, the Company’s successful preparation and testing of the site for permanent CO2 sequestration and obtaining Class VI permits required for permanent CO2 sequestration. These statements are based on engineering, geological, financial and operating assumptions that Denbury believes are reasonable based on currently available information; however, their achievement are subject to a wide range of business risks, and there is no assurance that these goals and projections can or will be met. Actual results may vary materially. In addition, any forward-looking statements represent Denbury’s estimates only as of today and should not be relied upon as representing its estimates as of any future date. Denbury assumes no obligation to update these forward-looking statements.
DENBURY CONTACTS:
Brad Whitmarsh, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
Annual Dirty Little Secrets Report Reveals Increased Demand for Crude and LNG Exports in 2023
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--#crudeoil--East Daley Analytics has released its 2023 Dirty Little Secrets (DLS) annual market report on midstream energy sector trends. The report highlights East Daley’s macroeconomic outlooks for U.S. oil, natural gas and NGLs, including key risks, potential infrastructure opportunities, and how ever-increasing export demand will impact Midstream strategy for years to come.
The Russia-Ukraine conflict has pushed commodity prices higher and spurred greater global demand for U.S. energy products. Meanwhile, more disciplined growth from the upstream has infrastructure finally filling up across commodities.
“We are on the verge of the next infrastructure wave, and that infrastructure will center around getting oil and gas out of the U.S.,” said Ajay Bakshani, Senior Energy Analyst at East Daley Analytics, and author of the report. “High prices and disciplined production have infrastructure finally filling up across commodities leading to an increased opportunity for crude and LNG exports.”
Highlights of the report include:
The Bottom is in for Crude Transport Rates
During the last major crude infrastructure buildout from 2019-2021, four new pipelines added just under 4 MMb/d of capacity to U.S. Gulf Coast destinations (Houston and Corpus Christi). East Daley expects these pipes to finally start filling up, effectively putting an end to rock-bottom rates. The key long-term driver for demand is exports, and new investment will need to focus on location and the best place to export crude.
The Sky’s the Limit for LNG Exports
The outlook for LNG exports has never been brighter. By the end of this decade, U.S. liquefaction capacity could expand to nearly 30 Bcf/d, fueling long-term demand growth for natural gas. However, new infrastructure is needed to get gas to these export facilities and most of this LNG demand is coming online in 2024 and beyond. In the short-term, increased production will only drive-up domestic storage and pressure U.S. gas prices.
Not Enough Frac Capacity
East Daley expects bullish production for NGLs in the near-term, but more fractionation capacity is needed to manage NGL production without excessive flaring. Add in recession risks that are keeping petrochemical utilization rates down and little domestic demand growth from new ethane cracker projects, NGL prices may be heading for a rough patch.
East Daley will be hosting a webinar on the 2023 DLS Report on Wednesday, December 14, 2022 at 12:30 p.m. EST. Register here.
To access the full 2023 DLS Report, fill out the form: https://www.eastdaley.com/dirty-little-secrets-request-access.
Subscribe to East Daley Analytics’ The Daley Note (TDN) and get daily insights and proprietary market commentary on North American oil and gas fundamentals. Sign up here.
About East Daley Analytics, Inc.
East Daley Analytics specializes in dissecting the energy value chain to drive transparency. The company has built the largest U.S. energy asset database to cash flow to help identify which assets are most important and isolate their operational value. It can help with the heavy lifting by providing access to capital and commodity market experts through both subscription and consulting services. For more information visit, http://www.eastdaley.com.
East Daley Analytics
Meredith Bagnulo
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303-513-7494
PLANO, Texas--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) is hosting a live webcast at 10:00 a.m. C.T. today to review its carbon capture, utilization, and storage (“CCUS”) strategy, growth plans, and financial projections. Registration for the webcast can be found on the Company’s Investor Relations website, where presentation materials are currently available. A replay of the event will be available shortly following the conclusion of the broadcast on the same website.
Key Highlights from the CCUS Business Outlook include:
(1) A Non-GAAP financial measure. See “Statement regarding Non-GAAP Financial Measures” below.
(2)Scope 3 refers to Scope 3 Category 11 (Use of Sold Products)
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging Denbury’s unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2 EOR.
Follow Denbury on Twitter and LinkedIn.
Forward-Looking Statements: The data and/or statements contained in today’s CCUS Business Outlook presentation materials and the accompanying webcast that are not historical facts, including, but not limited to, statements regarding possible or assumed future cash flows and EBITDA (a non-GAAP measure, see Statement Regarding Non-GAAP Financial Measures below), volumes of CO2 expected to be transported, stored, or utilized, capital expenditures, and other plans and objectives for Denbury’s future carbon capture, use and storage activities (“CCUS”) are all forward-looking statements, as that term is defined in Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve a number of risks and uncertainties.
Such forward-looking statements generally are accompanied by words such as “plan,” “estimate,” “expect,” “predict,” “forecast,” “to our knowledge,” “anticipate,” “projected,” “preliminary,” “should,” “assume,” “believe,” “may” or other words that convey, or are intended to convey, the uncertainty of future events or outcomes. Such forward-looking information is based upon management’s current plans, expectations, estimates, and assumptions that could significantly and adversely be affected by various factors discussed below, many of which are beyond our control. As a consequence, actual results may differ materially from expectations, estimates or assumptions expressed in or implied by any forward-looking statements made by us or on our behalf.
Among the factors that could cause actual results of our CCUS activities to differ materially from the projections herein are the successful completion of technical and feasibility evaluations; in certain cases raising of funds sufficient to build and operate such projects; the construction or installation of add-on or new facilities being built and brought into functioning operational status; and receipt of required regulatory approvals or classifications, along with the other variables and timing considerations and the risks and uncertainties set forth from time to time in the Company’s public reports, filings and public statements including, without limitation, the Company’s most recent periodic reports on Form 10-K and 10-Q.
Statement Regarding CCUS “Agreements”: References in this presentation to CCUS “Agreements” refers to both executed definitive agreements and executed term sheets or letters of intent covering various CCUS arrangements. In the case of arrangements covered by term sheets or letters of intent, those arrangements are subject to the negotiation and execution of definitive enforceable agreements.
Statement Regarding Non-GAAP Financial Measures: This presentation also contains certain non-GAAP financial measures, particularly those pertaining to EBITDA (earnings before interest, taxes, depreciation and amortization). The projections of EBITDA contained herein are not reconciled to any GAAP measure given that no comparable future GAAP measure currently exists. Management believes EBITDA projections may be helpful to investors in order to assess the Company’s future CCUS activities as compared to that of other companies in the industry. Future EBITDA projections should not be considered in isolation, as a substitute for, or more meaningful than GAAP measures of net income (loss), cash flow from operations, or any other measure reported in accordance with GAAP.
DENBURY CONTACTS:
Brad Whitmarsh, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) announced today that its Shreveport, La. operation has been International Organization for Standardization (ISO) certified for 14001 (Environmental) and 45001 (Occupational Health and Safety).
"KCS is playing a leading role in the railroad industry of pursuing and securing ISO certification for health, safety and environmental management systems and I'm so proud of the team's efforts to continuously evaluate, measure and improve the safety of our operation for employees, customers and the communities we serve," said KCS vice president health, safety and environmental Kayden Howard.
The process of achieving this third-party verified certification at Shreveport Yard, which was initiated in 2019, began with the creation of a practical, usable Health, Safety and Environmental (HSE) Management System that is aligned to our business and way of doing work. The system that is in place is structured so that health, safety and environmental risk is proactively addressed and embedded in business operations, allowing KCS to have justifiable confidence in risk management processes. The system was developed to be adaptable and transferrable to other KCS locations throughout the U.S. and Mexico network.
ISO is an independent, non-governmental international organization with a membership of 167 national standards bodies. ISO 45001 specifies requirements for an occupational health and safety (OH&S) management system that helps organizations proactively improve their OH&S performance and, in the process, provide safer and healthier workplaces by preventing work-related illness and injury. ISO 14001 sets out criteria for implementing an effective environmental management system so that organizations can reduce environmental impact, including pollution and carbon footprint.
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south-central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com.
C. Doniele Carlson, 816-983-1372, This email address is being protected from spambots. You need JavaScript enabled to view it.
French public R&I organisation to use CGD’s GaN HEMTs in innovative, next-gen automotive inverter design
CAMBRIDGE, England--(BUSINESS WIRE)--Cambridge GaN Devices (CGD), the fabless, clean-tech semiconductor company that develops a range of energy-efficient GaN-based power devices to make greener electronics possible, has signed an agreement with IFP Energies nouvelles (IFPEN), a major French public research and training organization in the fields of energy, transport and the environment, to develop an innovative automotive inverter using advanced GaN devices.
Dr, Giorgia Longobardi | Co-Founder & CEO, CGD “Technological innovation is central to all IFPEN’s activities. Therefore we are particularly excited that IFPEN has chosen CGD’s ICeGaN™ GaN HEMTs in this new automotive inverter design. IFPEN also shares CGD’s belief that close partnerships with key players are essential to the success of any project, so we are proud to be part of this program.” |
Gaëtan Monnier, MOBILITY BU Director | IFPEN “This partnership with CGD is a key element for our future activities in power electronics for e-mobility, specifically for next generation of inverters where a technological step is required to reduce size and increase power density levels while challenging the cost. We count on the cooperation with this young and dynamic, extremely innovative company to address the ambitious challenges critical to the future of e-mobility industries.” |
The partnership between IFPEN and CGD combines two highly complementary areas of expertise. IFPEN understands the automotive market and its performance targets. IFPEN possesses a strong position in inverter and software development, with in-depth knowledge of the algorithms and equipment required. CGD’s GaN technology has resulted in industry’s first easy-to-use and scalable 650 V GaN HEMT family. The company’s ICeGaN™ H1 series are single-chip eMode HEMT devices that can be driven like a MOSFET, without the need for special gate drivers, complex and lossy driving circuits, negative voltage supply requirements or additional clamping components. ICeGaN HEMTs require no cascode structure, no complex multi-chip configurations, and no thermally-complex integrated solutions. Instead, they are a single-chip solution with embedded proprietary logic which enables the coupling with standard gate drivers or controllers. Devices are extremely reliable, suitable for demanding application environments, as found in the automotive market.
ENDS
About Cambridge GaN Devices
Cambridge GaN Devices (CGD) is a fabless semiconductor company spun-out by Professor Florin Udrea and Dr Giorgia Longobardi from Cambridge University in 2016 to exploit a revolutionary technology in power devices. Our mission is to bring innovation into everyday life by delivering effortless energy-efficient GaN solutions. CGD designs, develops and commercialises GaN transistors and ICs enabling a radical step change in energy efficiency and compactness and is suitable for high volume production. CGD’s ICeGaN™ technology is protected by a strong IP portfolio which constantly grows based on the company's leading innovation skills and ambitions. In addition to the multi-million seed fund and Series A private investments, CGD has so far successfully secured four projects funded by iUK, BEIS and EU (Penta). The technical and commercial expertise of the CGD team combined with an extensive track record in the power electronics market has been fundamental in early market traction of its proprietary technology.
About IFPEN
IFP Energies nouvelles (IFPEN) is a major research and training player in the fields of energy, transport and the environment. From scientific concepts within the framework of fundamental research, through to technological solutions in the context of applied research, innovation is central to its activities, hinged around four strategic directions: climate, environment and circular economy – renewable energies – sustainable mobility – responsible oil and gas.
The aim of IFPEN’s R&I programs is to overcome existing scientific and technological challenges in order to develop innovations that can be used by industry. IFPEN has developed, since 20 years, a strong expertise in the field of vehicle electrification. More than 45 patents have been deposited in the fields of electrical motors design, advanced control laws, and optimized power electrics systems for traction and energy generation and recovery. In the field of sustainable mobility, power electronics is a key factor for automotive electric powertrains and IFPEN know-how covers the development domains from specification to operational validation tests on the electric motors.
Andrea Bricconi, VP Business Development, CGD | +49 1732410796
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Gaetano De Paola, Program Manager, IFPEN | +33 6 16 53 83 65
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Worldwide Agency: Nick Foot, BWW Communications | +44-7808-362251 |
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Gainesville Regional Utilities to Improve Data Collection Accuracy and Operational Efficiency with Itron’s IIoT Network Solution
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#DistributedIntelligence--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, today announced that they signed a contract with Gainesville Regional Utilities (GRU), a multi-service utility owned by the City of Gainesville, to modernize the utility’s infrastructure with Itron’s multi-purpose industrial IoT (IIoT) network solution, including smart Gen™5 500W water and Gen™5 500G gas communication modules and Gen™5 Riva™ Distributed Intelligence enabled electric smart meters. The utility will also take advantage of Itron Enterprise Edition™ Meter Data Management as a Software-as-a-Service to manage meter and sensor data. These solutions will allow GRU to improve operational efficiency, data collection accuracy and enhance customer service. The utility plans to deploy Itron’s solutions across Gainesville and surrounding areas.
Itron's flexible, extensible solution will enable GRU to execute its data management vision and strategy as it undergoes digital transformation and upgrades its metering infrastructure. Upon completion, GRU’s electric, gas and water operations will leverage Itron’s multi-purpose communications network to receive more accurate data, enabling the utility to act on insights that will help improve service reliability and reduce operational costs.
Through Itron’s solutions, data is collected electronically daily as opposed to manually every month. This eliminates the need and costs associated with physically accessing the homes and businesses of customers to collect read meters. In addition, Itron's solutions can help GRU’s customers lower their utility bills since they can now monitor usage from an online account.
"Our core business principle at GRU is to seek ways to enhance our customer’s experience and reduce the impact of our operations on the environment,” said Chad Parker, Energy Measurement and Regulation Manager at GRU. “Modernizing our infrastructure with Itron's IIoT network solution gives us the opportunity to streamline meter reading and improve services to our customers such as providing accurate and reliable billing. With Itron's solution, it lays the foundation for future applications like Distribution Automation, Street Lighting Controls and other Smart City advanced capabilities.”
“Working together with GRU, the fifth largest municipal electric utility in Florida, to deploy Itron’s unified IIoT solution will enable the utility to enhance the quality, safety and reliability of the services that they delivery to their customers,” said John Marcolini, senior vice president of Networked Solutions at Itron. “We look forward to working together with GRU to meet the changing demands in energy and water service delivery and better manage the planet’s most precious resources.”
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence (AI) in Oil & Gas: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Artificial Intelligence (AI) in Oil & Gas estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 9.4% over the analysis period 2020-2027.
Software, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$1.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 10.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $647.7 Million, While China is Forecast to Grow at 8.8% CAGR
The Artificial Intelligence (AI) in Oil & Gas market in the U.S. is estimated at US$647.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$711.8 Million by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.
Hybrid Segment to Record 9.3% CAGR
In the global Hybrid segment, USA, Canada, Japan, China and Europe will drive the 9.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$368 Million in the year 2020 will reach a projected size of US$689 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.
Select Competitors (Total 201 Featured) -
What's New for 2022?
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/p3ekml
ResearchAndMarkets.com
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The end-to-end solution utilizes Azure digital twin technology to reduce carbon footprint and increase efficiency
PLANO, Texas--(BUSINESS WIRE)--NTT DATA, a global digital business and IT services leader, today announced an end-to-end sustainability solution that utilizes digital twin technology to optimize energy consumption and reduce carbon emissions. The solution, which was developed with e-Magic, utilizes Microsoft Azure Digital Twins and provides organizations with the ability to model the real world and connect enterprise and IoT data at the edge to their digital twins in the cloud.
"Sustainability is a key strategic imperative but for many organizations, it has been too challenging to measure their environmental impact, let alone reduce it in meaningful ways,” said Tanvir Khan, Chief Digital Officer, NTT DATA Services. “This solution delivers value to clients in the short term with the ability to integrate large, connected ecosystems. The collaboration between e-Magic, NTT DATA and Microsoft allows us to create long-term sustainability roadmaps to take our clients to carbon net-zero emissions while also reducing costs, creating new products and services, and improving operational efficiency, employee experience, and the overall brand. We see this as giving them a competitive advantage.”
NTT DATA’s solution begins with a foundation of measuring energy consumption to deliver real-time visibility in a consistent and reliable manner. By integrating meters, sensors, systems, devices, ERP and more into a single view, clients will be able to see their impact in near real time, track their energy performance and leverage insights to reduce their carbon footprint. With real-time data sources connected to digital twins, organizations can move away from manually consolidating data into spreadsheets or collecting data from different disparate systems. This automation accelerates data integration, eliminates data silos, and provides the ability to measure carbon emissions across various scopes, generating accurate, actionable results.
Once a client has the ability to view their energy usage patterns, the next step is understanding how efficiently assets and equipment are performing in their environment. Analytical insights powered by the digital twins and historical data allow for fault detection and diagnosis of operational equipment, which can identify issues that waste energy, prevent maintenance, minimize equipment downtime and prolong the life of an asset.
“This solves the issue of data silos that create blind spots which prevent organizations from seeing if their systems are not running efficiently or sustainably,” said Tony Harris, President & CEO, e-Magic. “The data has been there, but there hasn’t been a solution that allows for measurement across the value stream within an enterprise. But the successful co-innovation from NTT DATA and e-Magic has yielded a solution that will benefit business operations and our environment.”
While energy reduction and cost savings might be the initial drivers for sustainability programs, this solution can be evolved to achieve the sustainability goals of an organization, including getting to carbon net-zero emission.
“This solution not only benefits our environment, but it also enables organizations to innovate and transform,” said Elisabeth Brinton, Corporate Vice President, Sustainability, Microsoft. “Sustainability is no longer an option but a business imperative. It’s critical for organizations to consider sustainability to drive competitiveness, growth and help to increase shareholder value. We’re empowering organizations to make informed decisions, giving them the tools to make data-driven choices that benefit business outcomes, their employees and the environment.”
To learn about how digital twins are being used to accelerate decarbonization in manufacturing, register for Accelerate Decarbonization With Digital Twin Modeling, a free webinar. NTT DATA is working toward a more sustainable world through its people, operations and solutions. Read their plan to impact the world and the principles guiding a sustainable vision.
About NTT DATA
NTT DATA is a $30 billion trusted global innovator of IT and business services. We help clients transform through business and technology consulting, industry and digital solutions, applications development and management, managed edge-to-cloud infrastructure services, BPO, systems integration and global data centers. We are committed to our clients’ long-term success and combine global reach with local client service in over 80 countries. Visit nttdata.com or LinkedIn to learn more.
About e-Magic
e-Magic Inc. specializes in providing expertise and software for the design, development, and integration of large scale industrial IoT and Azure Digital Twins solutions globally.
With over 30 years of experience, e-Magic has pioneered solutions to address data acquisition and AI technologies to monitor, visualize, control, and optimize industrial plants and facilities. e-Magic’s solutions integrate facility telemetry into a Digital Twin that is used to monitor, control and simplify operations, thus proactively reducing costs and improving efficiency. Applications include Centralized Operations, Smart Buildings, Facilities and Cities, Smart Manufacturing, Industrial Production and AI/ML for prediction and optimization. e-Magic’s solutions have been installed in a wide range of industrial sectors including: buildings, facilities, manufacturing, utilities, mining and metals, cement, oil and gas, food and beverage, chemical, petrochemical and pulp and paper. Visit http://e-magic.ca
Melissa Smart
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KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha becomes an official outboard sponsor of T-BART as the response team forms a new relationship with Yamaha Rightwaters™. Pursuant to the three-year agreement, Yamaha will assist T-BART by providing a Yamaha F115 outboard and other financial backing.
Yamaha Rightwaters supports T-BART’s mission to assist stranded boaters from open water to a safe harbor, such as a dock or launch ramp. Known for an unwavering commitment to help boaters 365 days a year for the past 20 years, T-BART aided 1,820 vessels from 2000 to 2022.
“The Yamaha Rightwaters team understands the need for promoting safe boating, not just on Tellico Lake, but all waterways,” said Joe Filosi, Director of Professional Relations. “We don’t have time to worry about our equipment while assisting stranded boaters. The Yamaha-powered rescue boats allow us to have unmatched reliability so we can focus on helping others.”
T-BART is a non-profit organization providing free assistance to boaters on Tellico Lake. As a part of the organization’s mission to promote safe boating, T-BART offers a personal flotation device (PFD) loan program in six locations on Tellico Lake. This program provides the public with free use of PFDs on a first-come, first-serve basis. The goal of the program is to increase PFD use during water-based activities.
“Stranded boats can become a hazard,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha U.S. Marine Business Unit. “Not only is T-BART contributing to boater safety every day, but they are also eliminating the potential of castaway boats from becoming a safety risk.”
To learn more about T-BART, visit t-bart.org
Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners®, Yamaha Boats, G3® Boats and Skeeter® Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
Nicholas Genesi
Public Relations Manager
Yamaha U.S. Marine Business Unit
Mobile: (470) 898-7278
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Michael Wojcik, John Matesic, and Michael Rapp bring exceptional trade credit and surety expertise for the energy alternative assurance market
HOUSTON--(BUSINESS WIRE)--#Energy--Navitas Assurance Partners has engaged senior underwriting teams to support its effort to bring a new approach and new liquidity resources to the energy markets.
Michael Wojcik has joined the Navitas team as Vice President, Underwriting. Michael has 16 years of experience as a trade credit manager and credit insurance underwriter. With a growing specialization on energy sector transactions, Michael held the role of Head of Underwriting with one of the world’s largest credit insurance providers. During this time, he worked on the development and implementation of new product offerings designed to support the North American energy markets and their unique and specialized trades.
“Michael brings deep understanding of the niche market with empowerment to deliver results for clients and broker partners,” says Jay Rose, Managing Director at Navitas Assurance Partners. “We are very excited for Michael to lead our trade credit expansion.”
Wojcik may be reached via This email address is being protected from spambots. You need JavaScript enabled to view it..
John Matesic has joined Navitas as Vice President, Underwriting. Matesic has over 16 years of risk management and underwriting experience within the insurance industry with some of the nation’s largest insurance companies. Throughout this time, Matesic developed a deep connection within the commercial surety industry.
“Having one of the best and well-respected underwriting minds coupled with direct expertise from the energy market creates an unrivaled team dynamic,” adds Rose. “John is the ultimate team player and the perfect fit to deliver value to broker partners and clients alike.”
Matesic may be reached via This email address is being protected from spambots. You need JavaScript enabled to view it..
Michael Rapp joins Navitas as Vice President with more than 22 years of insurance experience. He previously served as Vice President, Underwriting with one of the world’s largest credit insurance providers. Prior to that, Rapp was Regional Manager for Trade Credit in the Southwest region with a large, national insurance carrier. He also has experience in a producer role with a global insurance brokerage firm.
“Michael has been a key asset in developing the trade credit energy marketplace since its formation,” says Rose. “He brings the level of rooted trust the market demands coupled with the empowerment required to help our clients prosper.”
Rapp may be reached via This email address is being protected from spambots. You need JavaScript enabled to view it..
About Navitas Assurance Partners
Navitas Assurance Partners is a managing general underwriter (MGU) representing some of the strongest balance sheets in North America. Created for an evolving market and tapping into more than 100 years of operational development and risk management experience from the energy and credit insurance /surety industries, Navitas is built for today’s changing marketplace. Navitas acts as the leading conduit among the energy markets, their broker-partners, and carrier-partners—specializing in the energy assurance markets and offering a new approach that brings additional capacity, unrivaled speed, and exceptional broker support. To learn more, visit www.navitasassurance.com or contact us via This email address is being protected from spambots. You need JavaScript enabled to view it..
Patrick McKinnon
Navitas Assurance Partners
(832) 606-9319
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Company to Expand Largest Knowledge Graph of Life on Earth for the Discovery of Previously Inaccessible Proteins
LONDON--(BUSINESS WIRE)--Basecamp Research (Basecamp), a company that designs protein products based on the largest knowledge graph of natural biodiversity in existence, today announced $20M in Series A funding led by climate investor Systemiq Ventures. Valo, Blue Horizon, True Ventures, and Hummingbird Ventures also participated in the round, bringing Basecamp Research’s total funding to date to $30M.
Basecamp designs protein products that provide R&D teams access to more starting points, allows for the discovery of previously inaccessible proteins, and tests candidates most likely to succeed. Their knowledge graph, BaseData™, is built to comprehend and recreate the collective intelligence of nature, uncovering previously unseen relationships between enzyme and protein classes. This wealth of biological information enables the startup to design “function-first,” meaning that the data science team functions independently from sequence similarity, using structure prediction only as a verification mechanism.
“At Basecamp, we know the answers to our greatest challenges can be uncovered in our environment,” said Oliver Vince, Co-Founder of Basecamp Research. “Less than one percent of the biochemistries in nature have been discovered–a fraction of that percentage has been fully characterized in the real world. Recent advances in bioinformatics, AI, and data science are enabling our team to map a world of untapped possibility, and we’re just getting started.”
Basecamp has built the world’s largest protein code database and is using its unique data moat to train a proprietary stack of graph learning algorithms. George Darrah, principal at Systemiq, said, “Scaling the bioeconomy is a critical lever for unlocking efficient, local, and net zero manufacturing of chemicals, materials, foods, and pharmaceuticals. This is a multi-trillion-dollar disruption opportunity. We are excited by the Basecamp team, and the mission at the heart of accelerating our transition to net zero and restoring biodiversity.”
The London-based company has collected samples from over 40 global expeditions spanning from Antarctica to the Azores. Not only do samples include metagenomic data, but also over 200 environmental characteristics, including pH and taxonomy. Through Basecamp’s unique benefit-sharing model, local partners, called guardians, receive a share of customer royalties. Samples are collected in compliance with the Nagoya Protocol, with the explicit purpose of sustaining local ecosystems.
“The ability to uncover novel biochemistries depends on both data fluency and biological expertise,” said Rohit Sharma, partner at True Ventures. “By combining AI, machine learning, and metagenomics, Basecamp’s knowledge graph is a comprehensive look into biological relationships that can better our health and our planet. The possibilities for groundbreaking innovation are colossal.”
The funding will be used to expand the team, fully validate internal products, and continue building a product portfolio in industries such as pharmaceuticals, nutrition, agriculture, and consumer goods.
Basecamp Research was founded in 2019 and is headquartered in London with partnerships on three continents.
About Basecamp Research
Founded in 2019, London-based Basecamp Research designs advanced protein products for all sectors of the bioeconomy using its unique understanding of how proteins behave in the real world. With a team comprised of Antarctic ice divers to machine learning graph scientists, Basecamp Research is building the largest, most sophisticated, entirely ethically sampled graph database of natural biodiversity – a knowledge graph of life on earth. Through partnerships with some of the largest global companies and industrial leaders, Basecamp’s products currently span food & nutrition, cosmetics, pharma, bioremediation and sustainable manufacturing. For more information, visit https://www.basecamp-research.com/.
Blair Ciecko
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708-655-2045
OSAGE, Iowa--(BUSINESS WIRE)--The new solar field at Valent BioSciences’ manufacturing facility in Osage, Iowa, is now fully operational. Testing over the past several weeks confirmed that the solar field is functioning as it was intended, which will enable it to produce about 3.4 million kilowatt hours of solar-generated electricity annually. This amount of electricity can power the equivalent of about 425 average-sized homes annually.
Work on the 1.5-megawatt alternating current (AC) solar field began in August and was completed on time with the assistance of OneEnergy Renewables and Heartland Power Cooperative. The solar field includes 3,432 bifacial solar panels that produce power from both sides of the panel and also track the sun from east to west. It is situated on 12 acres of Valent BioSciences land adjacent to the manufacturing facility and also adjoins 34 acres of native prairie that the company began reconstructing earlier this year.
“The solar field and prairie reconstruction work expand our sustainability activities at the manufacturing site,” said Brian Lynch, Valent BioSciences’ Osage Facility Manager. “These two projects together will eliminate 2,400 metric tons of carbon dioxide from the environment annually. We are proud of these projects, which would not have been possible without the support of our many partners, who include OneEnergy Renewables, Heartland Power Cooperative, the City of Osage, the Mitchell County Conservation Board, and other local organizations.”
About Valent BioSciences LLC
Headquartered in Libertyville, Illinois, Valent BioSciences is a subsidiary of Tokyo-based Sumitomo Chemical Co., Ltd., and is the worldwide leader in the development, manufacturing, and commercialization of biorational products with sales in 95 countries around the world. Valent BioSciences is an ISO 9001 Certified Company. For additional information, visit the company’s website at www.valentbiosciences.com.
John Mandel
Valent BioSciences LLC
847-968-4728
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Capital Raise to Accelerate Software Development and Scale Up Project Deployment
SAN DIEGO & BOSTON--(BUSINESS WIRE)--PowerFlex, an EDF Renewables North America affiliate and leading provider of intelligent solar, storage, and electric vehicle (EV) charging solutions for commercial and industrial customers, today announced a $100 million investment from Manulife Investment Management (Manulife IM) on behalf of investors. With this transaction, Manulife IM holds a minority stake in PowerFlex and has joined its Board of Directors; EDF Renewables retains majority ownership. Manulife IM has also acquired a portfolio of existing operating assets to serve as the basis for a dedicated financing vehicle for future projects.
PowerFlex plans to use the proceeds of this capital raise to further invest in PowerFlex X, its proprietary line of software and hardware that intelligently integrates and co-optimizes onsite energy assets, and centralizes control, data collection, and reporting into a single digital platform. The investment will also enable PowerFlex to accelerate the deployment of onsite solar, storage, and EV charging to meet increasing customer demand driven by corporate sustainability commitments, individual state renewable portfolio standards and targets, and climate-friendly federal legislation, such as the Inflation Reduction Act.
“We are excited to partner with Manulife Investment Management, whose team brings an in-depth understanding of infrastructure trends that will help us continue providing our clients with reliable and cutting-edge clean energy solutions,” said Raphael Declercq, CEO of PowerFlex. “PowerFlex’s accompanying digital products optimize the system performance of all onsite energy assets to generate greater cost savings and increase efficiency. The investment will help advance our mission of electrifying the transportation sector and deploying low-carbon infrastructure in a way that also supports a cleaner, more decentralized and resilient grid.”
“We are happy to partner with EDF Renewables and play a role in PowerFlex’s growth to help its customers achieve their sustainability and decarbonization goals,” said Pradeep Killamsetty, Managing Director, Infrastructure Investments, Manulife Investment Management. “We see a strong growth opportunity for PowerFlex’s intelligent solutions, which enable organizations and enterprises to reduce energy costs and increase resiliency by integrating and co-optimizing multiple technologies, including solar, battery storage, EV charging, and microgrid systems.”
“EDF Renewables consolidated its onsite solar, storage, and EV charging offerings under the PowerFlex brand in 2021 to meet the growing demand for onsite clean energy and EV infrastructure,” said Tristan Grimbert, President and CEO of EDF Renewables North America. “As a leader in the renewable energy sector, we are pleased to partner with Manulife Investment Management — a company that shares our values of sustainability and innovation — to accelerate the deployment of the cutting-edge solution that PowerFlex offers commercial and industrial customers to decarbonize their onsite energy.”
One of the largest developers and installers of commercial solar in the U.S., with more than 400 MW placed in service, PowerFlex makes solar and storage easy for corporate customers. As the electrification of the transportation sector accelerates, so does the need for PowerFlex’s intelligent EV charging solutions. The company has deployed and operates approximately 10,000 chargers, which can be integrated with solar and storage systems for increased resiliency and cost-savings.
PowerFlex partners with the top corporate cleantech adopters in the U.S., and its extensive client roster includes organizations such as the Los Angeles International Airport (LAX), for whom PowerFlex installed 1,000 EV chargers at new parking facilities, as well as PepsiCo, and Bloomberg L.P. As a trusted solar developer for Prologis, the leading industrial real estate company, PowerFlex has built a portfolio of programmatic solar installations, including rooftop and carport solar systems at 70 sites. Additional customer projects are available at Our Work.
About PowerFlex
PowerFlex, an EDF Renewables affiliate, is a leading national provider of intelligent onsite energy solutions that support carbon-free electrification and transportation. The Company delivers integrated solar, storage, EV charging, and microgrid systems to businesses and organizations. As a single full-service provider, PowerFlex customizes clean technology solutions to help clients achieve their energy and sustainability goals. Through the comprehensive PowerFlex X platform, PowerFlex leverages patented smart software to control, monitor, and optimize a client's distributed energy resources to reduce cost and maximize return on investment. For more information, visit www.powerflex.com. Connect with us on LinkedIn, YouTube, and Twitter.
About EDF Renewables North America
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distribution-scale power: solar and storage; asset optimization: technical, operational, and commercial expertise to maximize performance of generating projects; and onsite solutions, through the Company’s PowerFlex affiliate, offering a full suite of onsite energy solutions for commercial and industrial customers: solar, storage, EV charging, energy management systems, and microgrids. EDF Renewables’ North American portfolio consists of 24 GW of developed projects and 13 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renewables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.
About Manulife Investment Management
Manulife Investment Management is the global brand for the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 19 geographies. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
Media Contacts:
PowerFlex
Emily Lau
Marketing and Communications Manager
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Manulife Investment Management
Elizabeth Bartlett
Head of Wealth & Asset Management Public Relations, US & Europe
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Tel: +1 857 210 2286
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