New funding from Breakthrough Energy Ventures and others will support Guidewheel in deploying plug-and-play FactoryOps to empower the world’s factories to cost-effectively drive both financial and sustainability goals
SAN FRANCISCO--(BUSINESS WIRE)--Guidewheel, the leading FactoryOps platform, today announced it has closed $9M in Series A-1 funding led by Breakthrough Energy Ventures, with participation from other existing and new investors. This fresh capital builds on the recent Series A led by Greycroft and allows Guidewheel to reach more manufacturers on its mission of empowering all of the world’s 10 million factories to reach sustainable peak performance.
Manufacturing is a key driver of good jobs and economic prosperity. It is also an industry with huge opportunity. Because equipment in factories often lasts for decades, a large number of machines in factories worldwide remain unconnected to the cloud even today. Key metrics are often therefore tracked manually, holding many factories back from achieving their full potential productivity and efficiency.
Guidewheel provides a fast, accessible, and elegant solution to bring those assets into the cloud and drive bottom-line impact. Inspired by the simple, universal truth that every machine on the factory floor uses power, Guidewheel clips onto the electrical draw of any machine to turn its real-time “heartbeat” into a connected, active learning software system that empowers teams to reduce lost production time, increase efficiency, and perform better and better over time.
With Guidewheel’s elegant design, any factory team can clip in all their machines—across all ages, makes, and models—and start seeing impact on key metrics like Overall Equipment Effectiveness (OEE) and margin within days. For example, one manufacturer, Penn Color, recently used Guidewheel to reduce costs and improve asset utilization 30-35%. And within the same FactoryOps platform, Guidewheel builds in all the tools manufacturers need to track and manage energy and carbon towards sustainability goals. The more a team uses Guidewheel, the bigger the impact—for their business and for the planet.
“Manufacturers are the backbone of our economy and in manufacturing, financial impact drives decisions,” said Lauren Dunford, CEO and Co-Founder of Guidewheel. “When the fastest and highest value-to-cost solution also includes the tools to drive real, quantifiable impact on sustainability, that’s a powerful combination. Working closely with manufacturing leaders and teams at every level, we are thrilled not only to see the results teams are achieving with Guidewheel today, but also all the new features we are launching to drive even more impact. We’re honored to work with Breakthrough Energy Ventures and Greycroft, two of the world’s top investors, to further accelerate and drive value for both manufacturers and our planet.”
Guidewheel’s FactoryOps platform presents an opportunity to achieve both large business benefits and dramatic reductions in energy and material waste across manufacturing, which contributes about one third of global greenhouse gas emissions. With real-time visibility, factories can lower their energy bills, drive more sustainable production, and have the data necessary for energy and Scope 2 and 3 emissions reporting.
“By providing real-time visibility into machine energy use, we believe Guidewheel can play a key role in global industrial decarbonization,” said Carmichael Roberts, Breakthrough Energy Ventures. “With FactoryOps technology that can work on all machines—old, as well as new—without requiring existing IT/OT infrastructure, manufacturing teams can achieve efficiency improvements at speed and scale. An investment that quickly pays for itself, it’s the rare climate technology with a negative green premium.”
"You can’t manage what you don’t measure. GHG emissions and energy usage were never more measurable and in real time than with Guidewheel. If you are serious about improving efficiency and reducing emissions you need to consider Guidewheel,” said Paul Kayser, CEO of Pretium Packaging, which uses Guidewheel across all of their 25+ plants globally.
“The Guidewheel team brings experienced leadership and talent to building category-defining software for manufacturers,” said Mark Terbeek, partner at Greycroft and Guidewheel board member. “We are excited about the impact and scale that Guidewheel’s unique platform, combined with the talented team they’ve built, is set up to achieve.”
To learn more about Guidewheel, visit www.guidewheel.com.
About Guidewheel
Guidewheel is the leading FactoryOps platform. Their plug-and-play technology empowers any factory to reach sustainable peak performance. Good for business, good for the planet. Guidewheel works with 100+ manufacturers across seven countries and was recognized by the World Economic Forum as one of 100 most promising companies globally poised to make a significant impact on business and society. Learn more at www.guidewheel.com.
About Breakthrough Energy Ventures
Founded by Bill Gates and backed by many of the world’s top business leaders, BEV has raised more than $2 billion in committed capital to support cutting-edge companies that are leading the world to net-zero emissions. BEV is a purpose-built investment firm that is seeking to invest, launch and scale global companies that will eliminate GHG emissions throughout the economy as soon as possible. BEV seeks true breakthroughs and is committed to supporting these entrepreneurs and companies by bringing to bear a unique combination of technical, operational, market and policy expertise.
BEV is a part of Breakthrough Energy, a network of investment vehicles, philanthropic programs, policy advocacy and other activities committed to scaling the technologies we need to reach net-zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.
About Greycroft
Greycroft is a seed-to-growth venture capital firm that partners with exceptional entrepreneurs to build category-defining companies. The firm has deep experience investing in consumer, enterprise, digital health, and fintech sectors around the globe and works as a team to support and advise entrepreneurs, empowering them to execute on their visions. Greycroft values building enduring relationships with founders and understands that they want more from investors than just capital. Greycroft manages over $2 billion in capital raised and has made over 200 investments since inception. For more information, please visit https://www.greycroft.com.
Lauren Dunford
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ATLANTA--(BUSINESS WIRE)--Rolling Hills Generating Holdings, LLC an LS Power company, has awarded PIC Group the Operation and Maintenance Agreement (O&M Agreement) for the Rolling Hills 870 MW natural gas power station located in Ohio. Under the terms of the O&M Agreement, effective September 2022 and extending through 2025, PIC Group will provide on-going operations and maintenance services as well as providing scheduling and coordination services for equipment maintenance or outages. The Rolling Hills power station is comprised of five (5) Siemens W501FD2 simple cycle gas turbines.
PIC Group’s approach to O&M Services ensures consistent and reliable operations while enabling the power station owner to achieve the maximum financial and operational goals for the Power Station. “Implementing a culture that instills strict program adherence and continuous operational improvement, enables our customers to generate superior plant performance, higher profits and increased asset value,” said Frank Avery, president, and chief executive officer at PIC Group.
About PIC Group
Founded in 1988, PIC Group, Inc. is dedicated to delivering value by providing global energy services to facilities across four continents – North America, South America, Asia, and Africa. PIC provides O&M Services (Care, Custody and Control), Commissioning and Startup, Documentation & Training and Staffing services and serves the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries. PIC Group, Inc. is a wholly owned subsidiary of Marubeni Corporation, a Fortune Global 500 Company. Marubeni is a major Japanese sogo shosha (international trading company) and the third largest global independent power producer (IPP). For more information, please visit www.picgroupinc.com.
About LS Power
LS Power is a development, investment, and operating company focused on the North American power and energy infrastructure sector. Since its inception in 1990, LS Power has developed, constructed, managed, or acquired more than 46,000 MW of power generation, including utility-scale solar, wind, hydro, natural gas-fired, and battery energy storage projects, of which est. 16,700 MW are currently operating. LS Power’s Energy Transition Platforms include CPower Energy Management, Endurant Energy, EVgo, Rise Light & Power, and REV Renewables, as well as Waste-to-Energy initiatives. In addition, LS Power developed and operates over 660 miles of high-voltage transmission, with an additional 100+ miles and multiple substations under construction. Across these efforts, LS Power has raised $49 billion in debt and equity financing to support North American infrastructure. Through 2021, assets under LS Power control avoided 80.67 million metric tons of CO2e, equivalent to nearly 187 million barrels of oil not consumed or over 17.5 million cars taken off the road for one year. For more information, please visit www.LSPower.com.
About Marubeni
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business including consumer products, food, agriculture, chemicals, energy and metals and power business machinery and infrastructure.
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DUBLIN--(BUSINESS WIRE)--The "Integrated Bridge Systems Market by Ship Type, End User (Oem And Aftermarket), Sub-System (Ins, Automatic Weather Observation System, Voyage Data Recorder and Automatic Identification Systems), Component, Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The integrated bridge systems market is projected to grow from USD 6.1 Billion in 2022 to USD 7.9 Billion by 2027, at a CAGR of 5.4% from 2022 to 2027. Rising preference for maritime tourism is expected to drive the integrated bridge systems market growth during the forecast period.
According to a United Nations report in 2017, the population worldwide will go up to 8.6 billion by 2030, and most of the population growth will take place in Asian countries. This population explosion will mark a remarkable shift toward urbanization in China, Southeast Asian countries, Bangladesh, Nigeria, and Turkey. As eight out of 10 world's largest cities will become port cities, there will be tremendous opportunities for shipbuilding and marine technology business in the future. Today, with major importance being given to safety norms, the building of a new ship includes IBS and other related equipment. In addition, 65.31% of the world container port share volume is from China, and 14.39% is from Europe. Increasing population and growing GDPs have led to the development of some of the world's largest and busiest ports in Asian countries. As the number and size of these Asian ports grow, the integrated bridge system manufacturers for commercial ships mainly located in these countries will be at an advantage.
Besides, mergers, acquisitions, and contracts were among the key strategies adopted by leading players to sustain their position in the integrated bridge systems market. Apart from these strategies, key market players also engaged in new product launches. Companies such as Raytheon Technologies Corporation (US), Furuno Electric Co. Ltd. (Japan), Wartsila Corporation (Finland), and Kongsberg (Norway) have adopted the strategy of new product launches to develop their business and strengthen their product portfolio in the integrated bridge systems market.
Based on subsystem, the INS is expected to lead market with the largest share in 2022
Based on subsystem, the integrated bridge systems market has been segmented into integrated navigation system (INS), automatic weather observation system (AWOS), voyage data recorder (VDR), and automatic identification system (AIS). Among these, the INS segment registered largest share in the base year. The navigational safety of a vessel is given a lot of importance. With advancements in technology, systems such as integrated navigation systems have been developed to provide vessels with real-time navigation. The integrated navigation system is a part of the integrated bridge system. Components of the integrated navigation system include navigation/ARPA radar, electromagnetic log, differential global positioning system, ECDIS, gyro, echo sounder, transmitting magnetic compass, and autopilot. Other components can also be equipped with the system according to the requirement of the vessel. An increasing focus on the development of sense and avoid systems and demand for accurate and precise navigation for ships have driven the growth of the integrated navigation systems.
Based on Component, software segment registered largest share in base year
Based on component, the integrated bridge systems market has been classified into hardware and software. Hardware components include displays, controls, data storage devices, sensors, and alarms. Software is an integral part of the integrated bridge system and supports the overall operation and integration of different components of the system. It is an interface for the display of information. The market for software is projected to grow at a higher rate than hardware due to an increase in the adoption of advanced systems, which require the application of software to integrate with other integrated bridge systems.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Integrated Bridge Systems Market, by Ship Type
8 Integrated Bridge Systems Market, by End-user
9 Integrated Bridge Systems Market, by Subsystem
10 Integrated Bridge Systems Market, by Component
11 Regional Analysis
12 Competitive Landscape
13 Company Profiles
14 Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/8q3vic
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REACH Donation Helps Pay Past Due Energy Bills for Qualifying Customers
PG&E Contributes $325,000 to REACH
OAKLAND, Calif.--(BUSINESS WIRE)--This holiday season, Pacific Gas and Electric Company (PG&E) customers can get into the giving spirit by making a tax-deductible donation to the Relief for Energy Assistance through Community Help (REACH) program. The REACH program provides financial assistance of up to $300 for customers struggling to pay past due energy bills.
To help households who are struggling to pay their energy bills, PG&E announced today it is contributing $325,000 to the Dollar Energy Fund in support of the program. The charitable contribution is made with funds from PG&E shareholders, not customers. In the last five years, PG&E has committed more than two million dollars to the REACH program to help vulnerable customers and communities including an additional $500,000 earlier this year.
Even with the PG&E contribution, the REACH program needs additional support to assist Northern and Central California’s most vulnerable, and anyone can help. The year-round program is funded through donations from customers, PG&E employees, and shareholders. Thousands of customers have benefitted from the program. Since 2017, approximately 16,000 grants totaling more than $4.3 million have been provided to PG&E customers in need. Grants are dispersed on a first come, first serve basis while funding is available.
“With the rising costs of goods and services, we understand many of our customers are facing financial hardship. A one-time donation or monthly fixed donation amount on your bill can help families in need throughout the year. The program relies on the generosity of donors, and we are grateful to those who provide critical support for the communities we serve,” said Marlene Santos, PG&E Executive Vice President and Chief Customer Officer.
Customers can pledge an itemized donation each month on their PG&E bill or make a one-time donation.
Customers may be eligible for the program if they:
For information on additional financial assistance programs and ways to save energy this winter visit pge.com/winter.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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DUBLIN--(BUSINESS WIRE)--The "Digital Shipyard Market By Type, By Technology, By Capacity, By Digitalization Level: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
This report incorporates the study of the global digital shipyard market that focuses on the digitalization & adoption of different automation process for shipyards. The digital shipyard is highly employed in the marine sector to address operational efficiency & effectivity and ensure the industry is safer, faster, and smarter. It provides software and technology such as enterprise resource planning (ERP), manufacturing execution system (MES), computer aided-designing (CAD), and product lifecycle management (PLM).
This has led to rise in investments in modernization of facilities to increase productivity and reduce budgets, man power, as well as timelines. Currently, the market statistics are improving as a result of gradually developing technology supported by the shipping sector, followed by integration and advancement.
Technology companies' efforts to build and combine multiple processes for the shipping sector are beginning to pay dividends. For instance, in February 2020, PROSTEP AG launched digital twin technology to optimize shipbuilding in its ProProS research project in partnership with the Machine Tool Laboratory (WZL) at RWTH Aachen University. This technology offers the planning data from the target process (product structure, work orders, assembly sequence, scheduling, etc.) in a consistent data model and compares it in real time with the actual data from production and assembly.
The factors such as increase in demand for cargo ships due to increased maritime trade, rise in environmental concerns worldwide to lower the carbon footprint generated in the shipping industry, and a rise in adoption of digital twin technology supplement the growth of the digital shipyard market.
However, high cost of digitalization and training cost products and complexity associated with the systems are the factors expected to hamper the growth of the digital shipyard market.
Rising implementation of robot technology in shipbuilding industry and increasing use of industrial internet of things (IIoT) are expected to create ample opportunities for the key players operating in the digital shipyard market.
Key Market Segments
By Type
By Technology
By Capacity
By Digitalization Level
By Region
Key Market Players
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DIGITAL SHIPYARD MARKET, BY TYPE
CHAPTER 5: DIGITAL SHIPYARD MARKET, BY TECHNOLOGY
CHAPTER 6: DIGITAL SHIPYARD MARKET, BY CAPACITY
CHAPTER 7: DIGITAL SHIPYARD MARKET, BY DIGITALIZATION LEVEL
CHAPTER 8: DIGITAL SHIPYARD MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/lguynw
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Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--#bmw--Adam Langton, U.S. Energy Services Manager for BMW of North America, LLC, is the featured guest this week on the Impact Podcast with John Shegerian. The show is hosted by Shegerian, Co-Founder and Executive Chairman of ERI, the nation’s leading fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company.
Langton develops digital energy products related to BMW’s electric vehicle models, including smartphone functionality, data tools, and fleet management services. He leads a BMW team developing and implementing the BMW ChargeForward smart charging program and leads BMW’s efforts to provide sustainable energy for BMW electric vehicle drivers in the US.
“It was an honor to have Adam on our show to share his story and tell our audience about the impactful work he and his team at BMW are accomplishing, which is sure to inspire our audience,” said Shegerian. “BMW’s sustainability efforts set a high bar in the auto industry and it’s beyond exciting to see what the iconic brand is doing in that space. They are truly going the extra mile.”
“There’s so much exciting innovation and expansion happening in the world of electric vehicles and renewable energy right now,” said Langton. “I think it’s important to have these conversations with larger audiences, beyond just electric vehicle owners, because it not only affects our energy system, it’s also the way our industries are collaborating toward a cleaner future.”
Impact Podcast guests are invited as thought leaders to share with listeners first-hand accounts of how they are able to help make the world a better place on a daily basis.
Recent guests have included leaders from Samsung, Best Buy, Amazon, Verizon, General Motors, Ford, Unilever, Procter & Gamble, Johnson & Johnson, JetBlue, Comerica Bank, Goodyear Tire, Virgin, Dell, GE, IBM, Qualcomm, Nestlé, Texas Instruments, Adobe, Gap Inc., TIME, Kimberly-Clark, Timberland, Hearst, UPS, Hertz, The Hershey Company, FedEx, Intel, NVIDIA, T. Rowe Price, New York City, Beyond Meat, Panasonic, EPAM, Molson Coors, Seventh Generation, Amgen, the NBA, the US Tennis Association, FICO, Waste Management, and a number of fascinating game-changers, including Martin Luther King III; best-selling author Ryan Holiday; Joanne Molinaro (The Korean Vegan); Homeboy Industries founder Father Gregory Boyle; real estate powerhouse and television personality Ryan Serhant; writer/comedian/author Jeannie Gaffigan; ultra-endurance athlete Rich Roll; and hundreds more.
The Impact Podcast with John Shegerian is available for listening on ImpactPodcast.com, Apple’s iTunes, Amazon Music, Google Podcasts, Spotify, libsyn, and as part of iHeartRadio’s digital broadcast, reaching over 120 million users.
For more information, visit ImpactPodcast.com.
Paul Williams
310/569-0023
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PARIS--(BUSINESS WIRE)--#carbonemissions--Everimpact, a Climate tech start-up founded by former UN execs and headquartered at Station F (Paris), closes a €1.711M seed funding round backed by leading VCs, corporate ventures and institutions to better measure carbon emissions and allow cities and high emitters to access climate finance to fund impactful climate projects.
The round, led by Motion ventures, includes international organizations, transport companies and impact investors; EU Commission (Climate-Kic and EIT Urban Mobility), Asian Development Bank (ADB Ventures), Transport Companies' VCs and CVCs (Wilhelmsen, Transport Capital, IMC Ventures, MOL PLUS, Blue Star Group) and Impact investors (Rainmaking Impact).
While greenhouse gas emissions (GHG) have been increasingly under scrutiny in the past years, they are mainly self-reported by emitters, based on estimates and updated once a year at best.
Everimpact’s carbon Monitoring, Reporting, and Verification (MRV) platform allows cities and organisations to measure GHG emissions more accurately and in real time, thanks to satellite, ground sensors, and AI data.
Everimpact also certifies carbon emissions and sequestration data to allow cities and industries to better identify reduction opportunities and access carbon finance to fund projects with a demonstrable climate impact.
The start-up is already working with the cities of Dijon (France) with EDF and British cities - in partnership with BT - to monitor and monetise their emissions. Several other cities from the Net Zero City initiative have expressed interest since attracting funding into transport, waste and building decarbonisation is key to successfully implement City Climate contracts. In Japan, Everimpact is partnering with Hitachi Systems to monitor carbon sequestration in municipal forests.
The backing of Everimpact by maritime and supply chain leaders also involves an engineering collaboration aiming at installing its solution onboard vessels to accurately measure their emissions and get access to carbon markets to finance decarbonisation.
This will help the shipping industry accelerate its decarbonisation while complying with significant changes in its environmental regulation such as the Carbon Intensity Indicator rating kicking in 2023 and the inclusion of maritime emissions in the EU Emissions Trading Systems in the next two years.
The funding will be used to expand carbon monitoring and monetisation capabilities in cities at a global level and expand the shipping measurement solution currently trialed on a Mitsubishi Corporation Group vessel and available through an Early Adopter Program.
Mathieu Carlier, CEO and Founder at Everimpact
“Cities and high emitters have a crucial role to play to accelerate the transition to a low carbon world. Thanks to Everimpact's innovative carbon tracking system, they are now able to move away from estimates to monitor their carbon footprint in real time, identify the best opportunities to cut emissions, and access new funding for their decarbonisation projects. We’re excited to partner with leading global organisations and investors to accelerate our development.”
Nicklas Viby Fursund, General Partner of Motion Ventures said: “Bringing together those from the public and private sector with the most influence on maritime and global supply chains is unprecedented. The pairing of the engineering collaboration and strategic capital is not just a milestone for Everimpact but a proof point for a consortium approach to innovation.”
About Everimpact
Everimpact helps cities and businesses accurately measure their greenhouse gas emissions, identify opportunities to reduce emissions, and finance required investments through the carbon markets.
While most cities and businesses report GHG emissions based on estimates, Everimpact IoT software combines satellite, ground sensors, and AI data to precisely measure emissions in real-time.
Contact for further information - Everimpact (everimpact.com)
Marie Geneste, Chief Marketing Officer
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ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong" or "HASI") (NYSE: HASI), a leading investor in climate solutions, today announced that it has been named to the global environmental non-profit CDP's 2022 'A List' for its climate positive leadership and exceptional environmental disclosure performance. HASI is one of 283 companies that achieved an 'A' – out of the more than 15,000 companies scored.
CDP's annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over $130 trillion in assets and 280 major purchasers with $6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks, and opportunities through CDP's platform. The complete list of companies that made this year's CDP 'A List' (as well as the full methodology and criteria) is available here: https://www.cdp.net/en/companies/companies-scores
"We are delighted to have earned a place on CDP's Climate Change 'A List' for the first time," said Jeffrey W. Eckel, Hannon Armstrong Chairman and CEO. "This prestigious recognition is a testament to HASI’s unending commitment to disclosure and transparency around environmental issues. Equally so, it serves as another important validation of our climate positive investment approach and long track record of sustainable impact."
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to assets developed by leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $9 billion in managed assets, our core purpose is to make climate positive investments with superior risk-adjusted returns. For more information, please visit hannonarmstrong.com or follow us on Twitter and LinkedIn.
About CDP
CDP is a global non-profit that runs the world's environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
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Gil Jenkins
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DUBLIN--(BUSINESS WIRE)--The "Global Solar PV Inverter Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This study covers the advantages and disadvantages of several inverter types and the parameters that developers consider when choosing inverters.
Solar PV is the most advantageous of renewable power sources. In most parts of the world, light is abundant throughout the year, and solar PV is a low-investment, minimal-maintenance option. Unlike wind farms that require extensive land, resource optimization is possible with solar PV. In addition, developers can execute projects in as quickly as 3 months, a turnaround time which they can leverage during energy crises, such as the one being experienced in Europe.
Advancement of storage technologies has further strengthened the case for PV with variability in production having been a major source of concern in the past. Inverters are critical components of solar PV systems and determine the efficiency and longevity of PV assets. Choice of inverters is a major decision in PV projects, and inverters are allocated about 6% to 11% of the installed costs.
This study also analyzes drivers of the global demand for solar PV inverters, trends shaping the market, and challenges that stakeholders face.
It identifies global PV hotspots for the consideration of new market entrants or existing participants, growth opportunities and revenue potential that participants can capitalize and analyzes the competitive environment across the value chain. Revenue potential is segmented by geography, end user, and inverter type.
Key Issues Addressed
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. Regional Analysis
Revenue Forecast Analysis - North America
Revenue Forecast Analysis - Europe
Revenue Forecast Analysis - LATAM
Revenue Forecast Analysis - APAC
Revenue Forecast Analysis - The Middle East
Revenue Forecast Analysis - Africa
Revenue Forecast Analysis - Russia and CIS
Pricing Trends and Forecast Analysis
4. Growth Opportunity Universe
For more information about this report visit https://www.researchandmarkets.com/r/qt2jmy
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--#energyexploration--Geospace Technologies Corporation (NASDAQ: GEOS) today announced a rental contract with an international marine geophysical services provider who will rent OBX shallow water ocean bottom wireless seismic data acquisition nodes. Based on current contract terms, the value of the agreement is estimated at $9 million.
“Our ocean bottom node offerings continue to dominate the market and experience high demand. We’re most pleased by the strength of our deep and shallow water rental fleet in the global energy exploration space. We’ve benefited from our OBX series products’ deployment simplicity combined with high quality and trusted reliability,” said Walter R. Wheeler, President and CEO, Geospace Technologies.
Geospace Technologies is a global technology and instrumentation manufacturer specializing in vibration sensing and highly ruggedized products which serve energy, industrial, government, and commercial customers worldwide. The company’s products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, Geospace’s more than 500 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange as GEOS. For more information, visit www.Geospace.com.
Caroline Kempf, This email address is being protected from spambots. You need JavaScript enabled to view it., 321.341.9305
DUBLIN--(BUSINESS WIRE)--The "India Instrumentation Valves And Fitting Market: Size, Forecast, Share, Growth, Revenue, Trends, Industry, Outlook & COVID-19 IMPACT: Market Forecast By Valve Types, By Fitting Types, By Regions, And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Market revenue size is projected to grow at a CAGR of 11.6% during 2022-2028.
India Instrumentation Valves and Fittings (CNG Industry) Market report thoroughly covers market by valve types, fitting types, and regions.
The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Instrumentation Valves and Fittings (CNG Industry) Market Synopsis
India instrumentation Valves and Fittings (CNG Industry) market was growing significantly before 2020 on account of government increased in expenditure on infrastructure development activities such as expansion national gas grid and city gas distribution. However, the market saw a sharp decline in 2020 due to the COVID-19 pandemic which resulted in the delay of many large-scale infrastructure development projects, thereby negatively affecting the demand for instrumentation valves and fittings.
However, government's aim to diversify the India's energy basket and higher adoption of natural gas to make India self-reliant to become less dependent on other countries for India's oil and gas requirements would drive the instrumentation valves and fittings market in India.
In year 2020, the spread of the COVID-19 pandemic has resulted in slowdown of the overall economy leading to the temporary halt in many construction projects across the country, thereby impacting the instrumentation valves and fittings market in India. However, the market has regained momentum in 2021 and is expected to grow significantly in the coming years.
India is a prominent market for instrumentation valves and fittings due to strong demand from the oil & gas sector and the strengthening industrial sector. Furthermore, increased investment in exploration and production activities of oil & gas have propelled the demand in recent years and the same trend is set to follow in the forecast period.
Market by Fitting Types Analysis
In terms of fitting types, tube fitting segment has captured 38.4% of the market revenue in 2021. Tube fitting segment acquired highest share in the India instrumentation valves and fittings (CNG Industry) market in 2021 in terms of revenue on account of its higher resistance and strength in higher pressure and temperature conditions. Furthermore, tube fittings offer greater flexibility in systems with fewer connections, meaning fewer potential leak points
Market by Valve Types Analysis
In terms of valve types, ball valves have captured 29.9% of the market revenue in 2021. ball valves accounted for the major market revenue share in 2021 owing to its minimal pressure drops, minimal leakage through wear & tear and time & labor effective to operate along with low maintenance cost. Furthermore, ball valves come in a range of configurations to suit various specifications and can deliver ideal performance in hydrocarbon systems, as well as vapor, air, and gas systems.
Key Highlights of the Report
Company Profiles
Market Scope and Segmentation
By Valve Types
By Fitting Types
By Regions
For more information about this report visit https://www.researchandmarkets.com/r/jypgqx
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SYDNEY--(BUSINESS WIRE)--#UAV--H3 Dynamics and Australian UAV producer Carbonix are coming together to begin development and production the first Australian hydrogen-electric VTOL (vertical take-off and landing) unmanned aircraft system (UAS). Carbonix is Australia’s leading UAV manufacturer with unique expertise in advanced composite manufacturing, aerostructure design and sophisticated control systems for vertical and landing capabilities. H3 Dynamics has been working on cutting edge hydrogen UAV technology for over 15 years, and has just released a new ground-breaking hydrogen-electric nacelle technology.
Compared to batteries, hydrogen electric systems will increase flight durations by several orders of magnitude, matching the scale of the Australian continent, its low population density, and its globally unique experience in “beyond visual line of sight (BVLOS) commercial drone operations.
Hydrogen-enabled range elongation will support Carbonix’ existing long distance linear inspection applications such as grid lines and pipelines, mining industry mapping and surveying across large expanses of land - which continue to rely on the use of expensive helicopters or light aircraft.
The newly announced partnership aligns with Australia’s broader hydrogen and decarbonization plans, in Carbonix key end-user markets such as mining and logistics, where passenger aircraft and helicopters, as well as battery or combustion engine drones are already being used - and could now be converted to using locally-produced hydrogen, further fueling the success of major Australian companies such as Fortescue.
Moving fast and starting now, H3 Dynamics will be integrating its off-the-shelf hydrogen systems to Carbonix' existing fleet of small unmanned VTOL systems - enabling training and accelerating field experience.
“Creating intelligent long range aerial systems enabling reliable and effective access to critical remote data while respecting the environment is key to us,” said Philip Van der Burg, Carbonix CEO. “We will work with H3 Dynamics to complete the hydrogen value chain for several rapidly growing UAV segments, and to do it much more quickly - right here in Australia.”
Carbonix’ next generation H2-VTOL UAV will make use of H3 Dynamics’ revolutionary hydrogen-electric nacelle technology, with a first-in-flight milestone announced several days ago. H3 Dynamics’ patented distributed hydrogen-electric propulsion technology liberates the main fuselage, making room for bigger sensors or more cargo for autonomous delivery covering long distances. The special nacelle system liberates fuselage volume for aerial deliveries, opening up medical deliveries to remote communities in Australia.
“Australia will most likely be the first to use commercial electric-powered drones that use hydrogen instead of batteries, in order to fly for many hours at a time and reach those remote locations, or survey much larger areas of land,” said Taras Wankewycz, CEO H3 Dynamics.
Range elongation also means flying beyond visual line of sight (BVLOS), the regulatory edge of the global commercial UAS sector. With its massive land mass and low population density, Australia is indeed an ideal global experiment base Beyond Visual Line of Sight (BVLOS) operations.
In September, H3 Dynamics announced its Australian BVLOS plans with Ripper Group in Australia, a Carbonix drone operator, starting with the deployment of fully autonomous drone stations capable of BVLOS operations across multiple sites, in applications ranging from mining to solar farm surveying, wildlife and ocean protection and life saving. Introducing BVLOS drone stations was initiated earlier, to help ease regulatory approvals for more capable hydrogen VTOL drones, such as the ones Carbonix are working on.
“We are convinced unmanned systems are the evolutionary starting point to increasingly large hydrogen powered flight platforms, where testing, certification and regulatory approval challenges vary based on aircraft weight. H3 Dynamics’ plan is to increase the size of hydrogen air frames every year until we are able to fly passenger-scale aircraft. We want to mature airborne hydrogen technology in today’s existing uncrewed aviation markets as a first essential step towards that ultimate vision,” says Taras Wankewycz, CEO and co-Founder at H3 Dynamics.
The full solution will be made in Australia in close partnership with ASX-listed Quickstep - Australia’s largest independent aerospace composite company, which is also the manufacturer of Carbonix UAV frames. Quickstep has an ongoing development program for intelligent composite hydrogen storage solutions, which could also soon be applied commercially in H3 Dynamics’ hydrogen fuel cell nacelles for hydrogen flight.
About H3 Dynamics www.h3dynamics.com
H3 Dynamics is on a mission to decarbonize aviation with a unique technology solution around distributed hydrogen-electric propulsion, as well as ground refueling solutions. While the commercial opportunities around passenger-scale hydrogen aviation will take many more years to mature, the company is following a “start small” product and services roadmap that solves safety, technical, regulatory challenges by adding scale, weight and complexity over time. The company’s initial commercial focus is on the scale up of autonomous digital services that link to networks of charging stations for off-the-shelf battery-drones, making way for BVLOS hydrogen UAS capability. The company employs 95 team members from its 3 regional headquarters in Toulouse, Austin and Singapore. H3 Dynamics is a member of the Alliance for Zero Emission Aviation under the European Commission, Sustainable Aero Lab, the Lufthansa Cleantech Hub, the Paris Advanced Air Mobility Alliance, and Aerospace Valley in Toulouse.
About Carbonix https://carbonix.com.au
Carbonix is Australia’s leading manufacturer and solutions provider of commercial Unmanned Aerial Vehicles (UAV). Founded in 2012 by America’s Cup veteran Dario Valenza, the Company has pioneered the development of long-range Vertical Take-off and Landing (VTOL) drones for aerial surveillance and precision data capture. Carbonix UAVs enable mission success by providing better insights on remote environments through intelligent, reliable and safe aerial data capture systems. Carbonix has partnered with the likes of Ausgrid for linear asset inspection, Hitachi and Fujitsu on real-time detection in agricultural applications, and is currently collaborating with Australia’s leading university, ANU (Australian National University) on the early detection of bushfires.
Taras Wankewycz
CEO, H3 Dynamics
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Divestiture frees up Emory to focus its resources in Southwestern and Southeastern United States
DES MOINES, Iowa--(BUSINESS WIRE)--Emory Industrial Services Inc. (“Emory”), a market leader in a variety of industrial services, robotics services and dry ice manufacturing, announced it has sold its Midwest Division to Minnesota-based Premium Plant Services Inc. (“Premium”). This sale enables Emory to consolidate a large majority of its resources in the Southwestern and Southeastern United States, as these two regions currently produce well over 80 percent of Emory’s annual revenue.
Back in early September, Emory officially moved its headquarters from Des Moines, Iowa, to Abilene, Texas. This move was made in recognition of the substantial customer base the company has built in various southern states since Emory’s founding just over four years ago. Emory’s divestiture of its Midwest Division is just one of several moves the company is making to better position itself for the future.
“It was a difficult decision to sell our Midwest Division. Our team has been doing a solid job growing the business, but our board determined the deal with Premium made sense,” said Harley Burnett, Emory’s new chairman and CEO. “We can now focus our full attention on several southern states where most of our revenue is generated, along with building out our robotics services business and our ever-growing dry ice manufacturing business.”
Burnett continued, “Our Midwest customers are in great hands with Mark Parenteau and the rest of his team at Premium, and our former Emory staff will do a great job at Premium. They know the market well and they will continue to provide exceptional customer service.”
Travis Correll, chief operating officer for Emory, agreed with Burnett’s assessment of the Midwest Division sale, but also emphasized the importance of it in relation to the company’s long-term growth moving forward.
“A laser-like focus must permeate every aspect of our business going forward, as our financial performance depends on it,” stated Correll. “This deal offers us a more geographic focus and better enables us to deploy resources to serve customers. It also provides us with additional resources we can invest in our robotics services and dry ice manufacturing, as both of these business units are growing rapidly and the customer demand within each category is significant.”
As a business, Correll said Emory is always looking for opportunities to improve its product and service offerings for customers, increase sales, enhance operational performance, and build long-term shareholder value.
“Even though this transaction represents the sale of one business unit, it is important to note that we have also acquired three other companies this year alone,” offered Correll. “This clearly demonstrates we are bullish on the future of both the industrial services space and the dry ice manufacturing business – so, our merger and acquisition window is always open for the right opportunity.”
The transaction was structured as an all-cash deal and officially closed on Wednesday, November 30, 2022. Exact terms of the deal were not disclosed. The transaction was unanimously approved by the boards of directors for both companies. Nyemaster Goode served as legal counsel for Premium, and Faegre Drinker served as legal counsel for Emory.
“We are very pleased to complete this transaction with Emory, and I appreciate their work with my team to get this deal across the finish line. It is always great to acquire a business with three-fold, year-over-year revenue growth, as growth of this nature gives me great confidence in the book of business we just acquired,” noted Mark Parenteau, Premium’s CEO.
Burnett stated that Emory’s prior working relationship with Premium made the sale possible and also helps pave the way for continued collaboration.
“As two, customer-centric companies, Premium and Emory have worked together during the past few years to provide specialized subcontracting services for one another, and that subcontracting relationship is going to do nothing but grow in the months and years ahead,” noted Burnett. “The synergies between us are unmistakable, so I look forward to seeing what our two companies might accomplish together in the future.”
About Emory Industrial Services
Headquartered in Abilene, Texas, Emory is an eco-friendly industrial services company that specializes in cleaning, maintaining and repairing heavy industrial equipment, machinery and production plants for customers in an array of industry sectors, including oil and gas, food and beverage, power generation, manufacturing, agriculture, construction and many others. Since its founding just over four years ago, Emory has grown to employ nearly 200 people and generate annual revenues of approximately $30MM. For more information, visit: www.emoryindustrial.com.
Harley Burnett
Chairman & CEO, Emory Industrial Services
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Travis Correll
Chief Operating Officer, Emory Industrial Services
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(515) 282-8449
TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP) (“H&P” or the “Company”) today announced that it has released its 2022 Sustainability Report outlining the Company’s sustainability efforts and performance for its fiscal year ended September 30, 2022.
President and CEO John Lindsay commented, “We remain committed to providing transparency in our sustainability efforts and non-financial data. This commitment is best exemplified in our sustainability report, with our second annual report building upon the information we provided in the previous year. We continue to make strides in our sustainability programs that affect many of our stakeholders and this report provides background information into those programs and ultimately reflects how we operate as a company.”
The 2022 H&P Sustainability Report contains information on various sustainability programs including environmental, safety, DE&I, and governance metrics. The report continues to align with leading sustainability reporting frameworks, including the Sustainability Accounting Standards Board, the Global Reporting Initiative, and the Task Force on Climate-related Financial Disclosures (“TCFD”). A notable addition to the report this year is the introduction of our Quantitative Scenario Analysis in accordance with TCFD recommendations. A copy of H&P’s 2022 Sustainability Report and related 2022 performance data can be downloaded here.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.helmerichpayne.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com.
IR Contact:
Dave Wilson, Vice President of Investor Relations
918-588-5190
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Meredith Binder joins as Chief Marketing Officer
Beth Meyer joins as Chief Legal Officer
NEW YORK--(BUSINESS WIRE)--Novata, a public benefit corporation and technology platform that provides private markets stakeholders with intuitive and effective Environmental, Social and Governance (ESG) data management solutions, today announced the addition of two executives to the Novata leadership team. Novata has appointed Meredith Binder as Chief Marketing Officer and Beth Meyer as Chief Legal Officer.
Prior to joining Novata, Meredith was the Global Head of Marketing & Customer Experience for S&P Global Market Intelligence, a division of S&P Global Inc. She has also held global marketing and communications roles at SNL Financial and FactSet, including a multi-year rotation in London. Meredith has a M.S., Management of Technology from Fairfield University and a B.S., Industrial Management, Graphics & Communication from Carnegie Mellon University.
Beth is joining Novata from Techstars, a global seed stage investor and accelerator, where she served as Head of Compliance & ESG. Prior to Techstars, Beth specialized in mergers and acquisitions with a focus on private equity and transactional liability insurance. With a deep passion for advancing human rights, she began her career in education and community development on the ground in the Pacific and Sub-Saharan Africa, then with the World Bank Group’s Integrity Vice Presidency working in anti-corruption. Beth has a Juris Doctorate from American University’s Washington College of Law and Master’s degree in international development from American University’s School of International Service. She has a B.A. in philosophy and international relations from Hobart and William Smith Colleges.
Backed by a consortium that includes the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE) and Omidyar Network, and with the support of more than a dozen private equity firms and pension funds, Novata is the leading ESG data management platform built specifically for the private markets. The Novata platform provides customers with a clear on-ramp for selecting ESG metrics, painless data collection and data insights and analytics tools to inform investment decisions.
“I can speak for all of us at Novata that we are very pleased to have Beth and Meredith join the team on our collective mission to advance ESG in the private markets,” said Alex Friedman, Chief Executive Officer and Co-Founder of Novata. “Both leaders are experts in their field and have industry knowledge and insights that will deliver great value to our clients.”
Since Novata’s successful platform launch in April, Novata has welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has experienced significant global demand for its ESG data management platform.
“Novata already has established itself as the premier ESG data management platform for private market firms and their portfolio companies,” said Binder. “My goal is to build on that incredible foundation and enable the company to grow to the next level. I’m delighted to be part of this amazing team.”
“ESG has the capacity to drive seismic positive changes in the world - and Novata can play an integral role in making that happen,” said Meyer. “I am thrilled to join the team on our mission to drive value for our clients when it comes to ESG data collection.”
To learn more about Novata’s platform offerings and to schedule a demo, please see here: https://www.novata.com/
About Novata
Novata is a public benefit corporation that enables the private markets to achieve a more sustainable and inclusive form of capitalism. Novata ESG solutions, technology platform and contributory database simplify the processes of selecting reporting metrics; collecting and storing relevant data; conducting analysis; and reporting to key stakeholders, including limited partners and regulators. Novata, a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network, is majority controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.
Katie Stueber
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SAN FRANCISCO--(BUSINESS WIRE)--Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, released its first environmental, social and governance (ESG) report today.
“While this is our inaugural ESG report at Yelp, we’ve always focused on delivering on our mission while upholding our values,” said Jeremy Stoppelman, Yelp co-founder and CEO. “We're taking this step now to understand where we are today so we can make meaningful strides towards a more sustainable future.”
As part of the effort, Yelp calculated its Scope 1, 2 and 3 greenhouse gas emissions for the first time, which are detailed in the report. Notably, the company has seen a significant reduction in emissions since the company fully embraced remote work. Based on these findings, Yelp will develop an actionable approach to further reduce the company’s emissions.
The report also outlines Yelp’s efforts in a number of areas, including:
The full ESG report can be read here. Additional information about Yelp’s ESG approach can be found at yelp-ir.com.
About Yelp
Yelp Inc. (www.yelp.com) connects people with great local businesses. With unmatched local business information, photos, and review content, Yelp provides a one-stop local platform for consumers to discover, connect, and transact with local businesses of all sizes by making it easy to request a quote, join a waitlist, and make a reservation, appointment, or purchase. Yelp was founded in San Francisco in July 2004.
Forward-Looking Statements
This press release contains words such as “expects,” “will,” “anticipates,” “aims,” “projects,” “intends,” “plans,” “believes,” “estimates,” “seeks,” “assumes,” “may,” “should,” “could,” “would,” “foresees,” “forecasts,” “predicts,” “targets,” “commitments,” “goals” variations of such words and similar expressions. These words are intended to identify such forward-looking statements, which may consist of, among other things, trend analyses and statements regarding future events, future financial and climate performance and achievement of stated ESG goals. These forward-looking statements are based on current expectations, estimates and forecasts, as well as the beliefs and assumptions of our management, and are subject to risks and uncertainties that are difficult to predict. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. We continually review emissions quantification methodologies and are committed to implementing best practice quantification methodologies. These and other risks and uncertainties may cause our actual results to differ materially and adversely from those expressed in any forward-looking statements. Readers are directed to risks and uncertainties identified in the “Risk Factors” section and elsewhere in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (SEC) on February 28, 2022, for additional detail regarding factors that may cause actual results to be different than those expressed in our forward-looking statements. Except as required by law, we undertake no obligation to revise or update publicly any forward-looking statements for any reason. The contents of the various websites referenced throughout this press release are not incorporated by reference and do not constitute a part of any filing we have made or will make with the SEC. Further, we undertake no obligation to revise or update the information included in the links to websites referenced throughout this press release.
Investor Relations Contact:
Kate Krieger
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Press Contact:
Amber Albrecht
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IRVING, Texas--(BUSINESS WIRE)--Nippon Sanso Holdings Corporation (“NSHD”, President CEO: Toshihiko Hamada) hereby announces that Matheson Tri-Gas, Inc. ("MATHESON", headquartered in Texas, U.S.), NSHD’s U.S. operating company, received the Award for the Supply of Hydrogen and co-product steam for a period of 20 years from Numaligarh Refinery Limited (NRL), a Public Sector affiliate of the Government of India.
MATHESON will invest in, and establish a large, multi-feed hydrogen plant to supply up to 132 kNm3/hr (285 Tons/day) to NRL’s refinery units at Numaligarh in Assam, India. The engineering and construction of the plant will be executed by Larsen & Toubro Limited, India, and the reforming technology will be licensed from Topsoe A/S, Denmark. Hydrogen and co-product steam from the plant will support the highly strategic Numaligarh Refinery Expansion Project (NREP) of the prestigious Northeast development initiative of the Government of India that also includes the Paradip Numaligarh Crude Pipeline (PNCP) project, Crude Oil Import Terminal (COIT) at Paradip, India-Bangladesh Friendship Pipeline (IBFP), Numaligarh-Siliguri interstate products pipeline and 2G Ethanol Project(*1,2). We are proud and honored to be an integral portion of the initiative.
The Hydrogen complex solution was developed by MATHESON’s Global HYCO business unit in collaboration with our leading technology and engineering partners. The solution targets flexibility and operability criteria to enable high-reliability operations with a very wide range of feedstock and fuel, as well as the highest resource utilization efficiency that supports MATHESON/NSHD’s Carbon Index considerations and economic objectives. Subsequent to completion of engineering and construction in accordance with MATHESON’s Global HYCO standards and specifications, the plant will be streamed in 2025.
This initiative demonstrates NSHD’s commitment to significant growth through gases supply for highly strategic, commercially sound projects and represents a significant additional dimension for our Global HYCO footprint. This will strengthen NSHD’s presence in the growth segment of south and south-east Asia and establish our Global HYCO operations in India.
NSHD, in its effort to foster a carbon neutral society, is pursuing multiple business and program initiatives under the Global HYCO effort that supplies hydrogen, syngas and carbon monoxide products to select customers for carefully selected projects. We are committed to continue to explore opportunities to realize growth and a carbon-neutral society by expanding this business on a global scale.
*1: Economic Times, September 19, 2022
*2: The Telegraph, December 8, 2022
Raghu Menon, President, HYCO Operations, MATHESON
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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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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 Portland 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
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
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Website: www.kolibrienergy.com
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