Calculator quantifies environmental impact of new technology

SAN FRANCISCO--(BUSINESS WIRE)--Hayden AI, a leader in artificial intelligence and machine learning technologies, has built an emissions calculator for transit agencies to measure the environmental impact of automated bus lane enforcement (ABLE) technology. The new online tool highlights how automated enforcement keeps bus lanes clear of illegally parked vehicles, reducing emissions by increasing bus speeds and keeping buses on schedule.

Using publicly available data from the Bureau of Transportation Statistics, past ABLE deployments, and the EPA’s Greenhouse Gas Equivalencies Calculator, Hayden AI’s emissions calculator hones in on greenhouse gas emissions saved by increasing bus speeds through ABLE adoption. The calculator outputs the number of metric tons of greenhouse gas emissions saved by ABLE and what these amounts mean in an everyday context, such as gallons of gas saved or number of smartphones charged.

“We’ve long known that ABLE helps the environment by increasing bus speeds and reducing the length of the trip. This calculator showcases it,” said Syed Rahman, Vice President for Transit at Hayden AI. “Getting buses out of traffic and into clear bus-only lanes is essential for reducing greenhouse gas emissions. It also increases ridership, which can help decrease emissions even more by reducing car trips.”

“The environmental benefits of increasing bus speeds are clear,” said Renee Autumn Ray, Senior Director of Global Strategy at Hayden AI. “We're proud that our mobile perception platform can help the New York metro region advance their environmental goals.”

Users can access the emissions calculator on www.hayden.ai/emissions-calculator. Once receiving their calculation, they can download a PDF report and social media graphics on the findings. Users must input the number of buses operating on bus lanes to calculate the potential emissions saved by deploying ABLE.

About Hayden AI

At Hayden AI, we’re pioneering real world problem solving powered by AI and machine learning. From bus lane and bus stop enforcement to digital twin modeling and more, our clients use our mobile perception system to speed up transit, make streets safer, and create a more sustainable future. Our privacy first approach ensures that our technologies comply with security and privacy regulations and protect personal information while fostering innovation. For more information about Hayden AI visit www.hayden.ai.

Charles Territo
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HONOLULU--(BUSINESS WIRE)--#awardrecipients--Pacific Telecommunications Council (PTC) celebrated outstanding achievements in the information and communication technologies (ICT) industry, to improve the ability of people and firms in the Pacific region, at last night’s PTC Awards 2023 event, which was held during PTC’23 in Honolulu, Hawaii.

“Now in its fifth year, the PTC Awards program continues to excel from the number of entries received to the high caliber work being done in the industry,” commented Joe Weinman, founder and principal, XFORMA LLC and chair of the PTC Awards 2023 Committee. “It was incredible to celebrate the individual and organizational achievements and particularly those that support the non-profit mission of PTC, to advance the ethical development and use of ICT for collaboration, knowledge, and outreach.”

The PTC Awards 2023 recipients are:

Networking and Network-Centric Solutions Awards

Outstanding Satellite or Submarine Company: Southern Cross Cable Network
Outstanding Wireline and/or Wireless Company: TELUS
Outstanding Applications Company: Swarmio Media
Outstanding Cloud/Edge Company: AWS
Outstanding Data Center/Colo/Interconnection Company: Equinix
Outstanding Innovation or Transformation: CITIC Telecom CPC
Outstanding Start-up: AdaniConneX

PTC Vision and Mission Award

Outstanding Support for PTC’s Vision and Mission Award: Pacific Dataport

Leadership Awards

Outstanding C-level Executive: Joe Zhu, CEO, Zenlayer
Outstanding Female Executive: Keri Gilder, CEO, Colt
Outstanding Diversity and Inclusion Champion: Phillip Marangella, Chief Marketing & Product Officer, EdgeConneX
Outstanding Up-and-Coming Leader: Nicky Peshwani, Vice President, Bankai Group

In addition, William “Bill” Barney, chairman of Asian Century Equity, received the Richard J. Barber PTC Distinguished Service Award for his exceptional service to PTC for more than 25 years.

ABOUT PACIFIC TELECOMMUNICATIONS COUNCIL

Recognized as PTC, the Pacific Telecommunications Council is the leading global non-profit membership organization promoting the advancement of information and communications technologies (ICT) in the Pacific Rim, the most dynamic geography of the world, spanning over 40 nations. PTC’s Annual Conference, held each January in Honolulu, is the Pacific Rim’s premier telecommunications event and serves as the strategic springboard for the global communications industry.

MEDIA CONTACT
Nicole Fuertes
Marketing & Communication Director

Jason O’Rourke
Marketing Manager

Pacific Telecommunications Council
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1.808.941.3789

SAN DIEGO--(BUSINESS WIRE)--Yesterday, Baron & Budd filed a lawsuit on behalf of five public entities against Pacific Gas and Electric (PG&E) for damages resulting from the 2022 Mosquito Fire. The lawsuit was filed in San Francisco Superior Court and includes as co-plaintiffs Placer County, El Dorado County, El Dorado Water Agency, Georgetown Divide Public Utilities District, and Georgetown Divide Fire Protection District. The lawsuit alleges that PG&E’s equipment was the cause and origin of the Mosquito Fire, which caused significant damages to public and natural resources in El Dorado and Placer Counties.

“This lawsuit seeks legal damages to compensate injuries to public and natural resources,” said Baron & Budd Shareholder John Fiske. “By filing this lawsuit, these public entities are helping their communities rebuild, which can be challenging after a devastating fire followed by a severe storm season.”

The Mosquito Fire started on September 6, 2022, and was active for fifty days, burning 76,788 acres. Between the two counties, more than 11,000 people were evacuated while more than 3,700 firefighting personnel responded to the fire. By September 8, Governor Newsom declared a state of emergency for Placer and El Dorado Counties and on September 9, FEMA authorized Federal Management Assistance Grants for fire fighting and response efforts.

The five public entities are represented by John Fiske and Torri Sherlin of Baron & Budd, and Ed Diab of Dixon Diab & Chambers.

For more information, visit fireattorneys.com or contact John Fiske at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Baron & Budd, P.C.

Baron & Budd, P.C. is among the largest and most accomplished plaintiffs’ law firms in the country. With more than 45 years of experience, Baron & Budd has the expertise and resources to handle complex litigation throughout the United States. As a law firm that takes pride in remaining at the forefront of litigation, Baron & Budd has spearheaded many significant cases for hundreds of entities and thousands of individuals. Since the firm was founded in 1977, Baron & Budd has achieved substantial national acclaim for its work on cutting-edge litigation, trying hundreds of cases to verdict and settling tens of thousands of cases in areas of litigation as diverse and significant as dangerous and highly addictive pharmaceuticals, defective medical devices, asbestos and mesothelioma, California wildfires and environmental contamination, fraudulent banking practices, e-cigarettes, motor vehicles, federal whistleblower cases, and other consumer fraud issues.

Debra Webb
Baron & Budd, P.C.
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MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSXV: NOU) announces the engagement of Red Cloud Securities to provide liquidity services to the Company. Also, NMG specifies that the new options granted on December 1, 2022, to two consultants, will vest at certain conditions on or before March 28, 2025, and will expire two (2) years following the vesting of those options (no later than March 28, 2027).

Engagement of Red Cloud Securities
NMG announces that it has retained Red Cloud Securities (“Red Cloud”), subject to all required regulatory approvals, including the approval of the TSX Venture Exchange (the “Exchange”) to provide liquidity services to the Company in compliance with the policies and guidelines of the Exchange and other applicable legislation, pursuant to an agreement engagement letter entered into between the Company and Red Cloud effective January 2, 2023 (the “Agreement”). Red Cloud is a Toronto-based financial services company that helps mineral exploration and mining companies with accessing capital markets and enhancing their corporate profile. Red Cloud is not promoting the specific purchase or sale of securities. Red Cloud will trade shares of NMG on the Exchange for the purposes of maintaining a reasonable market and improving the liquidity of NMG’s common shares.

Under the Agreement, the Company will pay Red Cloud $5,000 per month during the term, payable quarterly in advance. The term of engagement is ongoing and may be terminated by either party on 30-day prior written notice. The Company and Red Cloud have an arm’s length relationship, but Red Cloud and/or its clients may have an interest, directly or indirectly, in the securities of NMG. Adam Smith will be the responsible person. The Agreement is principally for the purposes of maintaining market stability and liquidity for the Company's common shares and is not a formal market-making agreement. There are no performance factors contained in the Agreement and Red Cloud will not receive any shares or options from the Company as compensation for the services it will render.

Other
On December 1, 2022, NMG announced the cancellation of 487,804 options and grant of 453,048 new options to two consultants, subject to the Exchange approval. NMG wishes to specify that those new options will vest at certain conditions on or before March 28, 2025, and will expire two (2) years following the vesting of those options (no later than March 28, 2027).

About Red Cloud Securities
Red Cloud Securities Inc. is registered as an Investment Dealer in Ontario, Québec, Alberta and British Columbia and is a member of the Investment Industry Organization of Canada. It is focused on providing unique comprehensive capital market services and innovative financing alternatives to the junior resource sector. The company was founded by capital markets professionals who designed the firm to service small public and private companies. This solution is a comprehensive platform that provides a full range of unconflicted corporate access services. Offering these services as a unified platform provides the ultimate value proposition for issuer clients.

About Nouveau Monde Graphite
Nouveau Monde Graphite is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, Nouveau Monde Graphite aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com

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Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to the vesting of the new options and the “About Nouveau Monde Graphite” paragraph which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” within the meaning of certain securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.

Forward-looking information and statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking information and statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com.

MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
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INVESTORS
Marc Jasmin
Director, Investor Relations
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DUBLIN--(BUSINESS WIRE)--The "Global Unmanned Underwater Vehicles Market by type (Autonomous Underwater Vehicles (AUVs), Remotely Operated Vehicles (ROVs), Application, Propulsion (Electric, Non-Electric), System, Speed, Shape, Depth, Product Type, and Region - Forecast to 2027 " report has been added to ResearchAndMarkets.com's offering.

The unmanned underwater vehicles market is estimated to be USD 3.5 billion in 2022 and is projected to reach USD 7.4 billion by 2027, at a CAGR of 16.0% from 2022 to 2027. 

Unmanned marine surveying

In May 2020, Deep BV, a survey company specializing in hydrography, marine geophysics, and oceanography, upgraded its underwater survey vessel with a Sea Machines SM300 autonomous command and remote-helm control system. The Sea Machines system enables remote command of the vessel, including navigation and positioning, the control of onboard auxiliaries and sensors, and ship-to-shore data flow.

Deep operators can command and control the unmanned vessel and all onboard payloads (including survey sonars, hydrophones, winches, cranes, and davits) from its shore-side Survey Control Room, which has been equipped to manage several surveys simultaneously. Deep is transferring all collected data from the vessel to the control room via 4G and satellite connection. The combination of Sea Machines' technology and the Survey Control Room has enabled Deep to shift from minimally manned missions to unmanned missions.

SwarmDiver by Aquabotix (Australia)

Launched in April 2019 by Aquabotix (Australia), SwarmDiver is the first commercial hybrid vehicle that can be used as both an unmanned ground vehicle (UGV) and an unmanned underwater vehicle (UUV) in a swarm. Its swarm can be controlled on the surface by a human operator as a single coordinated entity, which dives on command. Since it is able to function like a UGV, SwarmDiver solves the problem of slow underwater communication caused by the use of acoustic waves; it can transmit data through electromagnetic waves once on the surface in the UGV mode.

Application areas of SwarmDiver include defense and security, environmental monitoring, harbor management, and plume tracking and research. A bio-inspired mini robot weighing 3.7 pounds, SwarmDiver is 29.5 inches long, and has an endurance of 2.5 hours with a diving reach of 150-feet. It measures the temperature and pressure of the water and can be tracked through GPS at a maximum depth of 3.3 feet from the surface of the water. In January 2019, Aquabotix (Australia) received a contract worth USD 70,000 from the US Navy for the further development of SwarmDiver.

Electric Systems: The fastest-growing segment of the remotely operated vehicles market, by propulsion

Based on electric systems, propulsion systems of remotely operated vehicles are further divided into fully electric systems and hybrid systems. Fully electric systems are expected to lead the segment as well as record a higher CAGR across the forecast period due to increasing advancements in battery technology.

North America: The largest contributing region in the unmanned underwater vehicles market

North America includes the US and Canada. The US is one of the largest global developers, operators, and exporters of unmanned military systems. Thus, it accounts for a large share of the North American region in the global unmanned underwater vehicles market.

The main functions of UUVs include ensuring marine border security, Intelligence, Surveillance & Reconnaissance (ISR), and anti-submarine warfare. North American countries are awarding several contracts to major players in the unmanned underwater vehicles market to deliver UUVs with combat capabilities, thus driving the growth of the unmanned underwater vehicles market in the region.

Market Dynamics

Drivers

• Increasing Capital Expenditure of Offshore Oil & Gas Companies
• Need for Ocean Data and Mapping
• Rising Defense Spending Worldwide

Restraints

• Failures in Uuvs
• High Operational Cost of Uuvs

Opportunities

• Development and Incorporation of Advanced Technologies in UUVs
• Use of UUVs for Mine Disposal and Anti-Submarine Warfare

Challenges

• Slow Underwater Survey Speed

Companies Mentioned

• Anduril
• Argeo
• Bae Systems
• Eca Group
• Fugro
• General Dynamics Corp.
• Hanwha Systems
• Huntington Ingalls Industries
• International Submarine Engineering Ltd.
• Kongsberg Maritime
• L3Harris Technologies
• Larsen & Toubro (L&T)
• Leonardo Spa
• Lig Nex 1
• Lockheed Martin Corp.
• Mitsubishi Heavy Industries
• Mitsui E&S Holdings Co. Ltd.
• Msubs
• Northrop Grumman Corporation
• Oceaneering International Inc.
• Oceanscan Mst
• Rtsys
• Saab Ab
• St Engineering
• Subsea 7
• Teledyne Technologies
• The Boeing Company
• Thyssenkrupp

For more information about this report visit https://www.researchandmarkets.com/r/bj6558

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MELBOURNE, Australia--(BUSINESS WIRE)--Hansen Technologies (ASX:HSN), a leading global provider of software and services to the energy, water, and communications industries, is pleased to announce that it is partnering with Aidon, an established, customer-centric supplier of smart grid, smart metering, and technology services in the Nordics, to provide a fully managed solution for three distribution system operators (DSOs) in the progressive Nordic market. This collaboration comes when DSOs look to enhance their infrastructure capabilities and position themselves for the changing customer market of tomorrow.

The Aidon project covers the delivery of Hansen MDM and associated services for three major DSOs: Kymenlaakson Sähköverkko, Järvi-Suomen Energia, and PKS Sähkönsiirto. A fully managed offering, it provides outsourced meter-reading and reporting capabilities for the Finnish Datahub. With this project, Hansen further bolsters its leadership position as a technology solution provider to the energy sector, delivering cost-efficient and future-ready solutions to meet emerging market demands. Among these is the ability to process real-time five-minute data reads, a crucial aspect of the evolving market regulations. With diverse energy sources such as wind and solar coming online, production and consumption data needs to be much more real-time to maintain grid balance and enable on-demand management services. Additionally, more granular data delivers greater transparency and more actionable data for end customers, especially ‘prosumers’ who also generate energy.

Hansen MDM, part of the Hansen Suite for Energy & Utilities, is a cloud-native implementation able to process large volumes of smart-metering data, and is available in a SaaS deployment model. The cloud-native version of Hansen MDM builds on decades of experience and expertise in Nordic deployments, delivering a full-featured and mature implementation for those utilities that seek the advantages of a cloud-based implementation.

Tommi Blomberg, Chief Executive Officer, Aidon, commented: "We're in the age of digitalisation and massive data generation. This partnership with one of the Nordic's longstanding technology leaders for energy and utilities will ensure that regional DSOs have access to cutting-edge solutions capable of addressing all their smart-metering needs."

Scott Weir, Division President, Energy and Utilities for the EMEA region at Hansen, commented: "At Hansen, we are proud of our legacy in the Nordic region, continually powering transformation and infrastructural enablement for several leading energy and utilities players. With our new alliance with Aidon, leveraging the best that Hansen MDM offers, we are set to bring about a new era in customer-experience innovation in the face of a rapidly changing and dynamic marketplace."

For further information about Hansen Technologies, please visit www.hansencx.com.

About Hansen Technologies

Hansen Technologies (ASX: HSN) is a leading global software provider and services to the energy, water and communications industries. With its award-winning software portfolio, Hansen serves 600+ customers in over 80 countries, helping them to create, sell, and deliver new products and services, manage and analyse customer data, and control critical revenue management and customer support processes.

For more information, visit www.hansencx.com

About Aidon

Aidon is the leading provider of smart grid and smart metering solutions, applications and services in the Nordics. Our systems enable reliable metering and distribution of energy as well as efficient maintenance processes of distribution networks for our customers. The technology supplied by Aidon is in use in almost 4 million energy metering points in the Nordic countries. Our head office is in Jyväskylä, Finland, our Swedish office in Stockholm, the Norwegian office in Asker and the Danish office in Copenhagen.

For more information, visit https://www.aidon.com/

Adnan Bashir
Senior Manager, Global Corporate Communications
Hansen Technologies
+1 647-204-0999

ST. LOUIS--(BUSINESS WIRE)--TerraSource Global – a premier manufacturer of high-quality material sizing equipment based on the Gundlach, Jeffrey Rader and Pennsylvania Crusher brands, and subsidiary of Right Lane Industries – has announced the acquisition of Elgin Separation Solutions (Elgin) as of January 12, 2023. Elgin designs, manufactures and services material processing parts and equipment for mining, energy production, recycling and waste management applications. Core products include vibratory centrifuges (CMI™), decanter centrifuges, mobile packaged treatment systems (KEMTRON™), vibrating screens (Hyper-G™, Tabor™ and Norris™ brands) and cuttings dryers (CSI™).

Kevin Hambrice, CEO at TerraSource Global, said, “Elgin is a leading manufacturer of innovative turn-key solutions in a variety of applications, from material handling to natural resource recycling to dewatering and liquid/solid separation. These products complement TerraSource Global’s industrial processing equipment, which serves many of our key markets in minings and metals and expands our portfolio in the food, water and oil and gas industries. We look forward to working with Michael Rai Anderson and his management team as we integrate our offerings into more complete solutions for customers and as we expand into new product applications, industry verticals and strategic acquisitions.”

Michael Rai Anderson, President of Elgin, said, “We are excited to become part of TerraSource Global and partner with their team to serve customers in all corners of the world. Combined, our innovative product designs, extensive application expertise, and commitment to timely and professional service, position us as the leading trusted technical resource for mining, recycling, industrial waste management and energy production solutions.”

Livingstone Partners LLC provided sellside M&A financial advisory services and Kirkland & Ellis LLP provided legal counsel to Elgin throughout the process. Taft Stettinius & Hollister LLP provided legal advisory transaction services to TerraSource Global.

About Elgin Separation Solutions

Founded in 1864, Elgin Separation Solutions is an innovative, turn-key company that designs, manufacturers and services solutions for liquid/solids separation, recycling, dewatering and waste management operations. The company is a leading global provider of solid/liquid separation equipment, filtration systems, turn-key dewatering packages, vertical and horizontal centrifuges, control systems, and more that solve challenging real-world problems.. Find out more at www.elginseparationsolutions.com.

About TerraSource Global Corporation

In 2012, three legendary material processing innovators – Gundlach Crushers, Jeffrey Rader and Pennsylvania Crusher – were brought together to form TerraSource Global. This unified organization provides a large and diverse portfolio of proven, high-quality material sizing equipment, services and precision OEM parts backed by technical expertise and a commitment to service and professionalism. A truly global company, TerraSource Global delivers sales, engineering, assembly, and testing at strategic locations around the world. Products include roll crushers, cage mills, pneumatic conveyors, impactors, granulators and hammermills for the leading operations in pulp and paper, coal and biomass power, aggregates, petrochemical, forest products, mining and mineral processing plants and more. Find out more at www.terrasource.com.

Kimberly Althage, Marketing and Communications Manager
TerraSource Global
Tel: +1 855-483-7721
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Web: www.terrasource.com

Shari Worthington, PR
Telesian Technology
Tel: +1 508-397-6345
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SAINT JOHN, New Brunswick & BURLINGTON, Ontario--(BUSINESS WIRE)--Irving Oil and global waste-to-renewable natural gas (RNG) industry leader Anaergia Inc. (“Anaergia”, TSX: ANRG) have announced a partnership that will supply Canada’s largest refinery with carbon-negative RNG, as well as Irving Oil’s other operations such as Delivered Natural Gas.

The RNG, which is made from organic matter instead of fossil fuels, will be produced at Anaergia’s Rhode Island Bioenergy Facility, where food waste and other organic wastes that would otherwise have been landfilled, are transformed into renewable fuel. About 350 million cubic feet of RNG will be supplied annually from Anaergia Inc. into the regional pipeline where it will reduce the need for conventional natural gas supply to Irving Oil’s operations, including the Saint John refinery in New Brunswick.

This RNG is recognized as carbon-negative due to its ability to capture more methane emissions than the organic waste would have otherwise created when landfilled. In this way, Anaergia’s Rhode Island Bioenergy Facility prevents the release of more than 40,000 metric tonnes per year of carbon dioxide-equivalent greenhouse gas emissions.

“We are proud to continue advancing on our energy transition journey through this new partnership where waste will be diverted from the landfill and converted to renewable natural gas for use in our operations, including at our Saint John refinery,” says Ian Whitcomb, President of Irving Oil. “We are making strides in achieving our 2030 goal of a 30% reduction in greenhouse gas emissions as we shift to lower carbon energies. We know that together we can create real change towards a more sustainable energy future for all.”

The Rhode Island Bioenergy Facility, located near Rhode Island’s central landfill in Johnston, is designed to divert over 100,000 tons per year of waste from landfills and it is the largest anaerobic digester processing organic waste in New England. This facility converts food scraps plus some other organic wastes, into fertilizer, recycled water and RNG. The nutrient-rich solid residual of the digestion process is utilized to enrich New England soils and to reduce the use of fossil fuel-derived fertilizers.

“We are proud to be a part of this partnership where producing RNG from landfill-diverted organic waste is reducing greenhouse emissions from landfills and supporting Canada’s clean energy transition with a carbon-negative fuel,” says Andrew Benedek, Chairman and CEO of Anaergia. “Methane emissions from landfills are a big contributor to global warming. The state of Rhode Island is doing something to solve this problem, while also addressing New England’s waste disposal needs. Likewise, Irving Oil is recognizing the value of using what people throw away every day to create a renewable fuel.”

The opportunity to use diverted landfill waste that is converted into RNG for Irving Oil’s operations, including at the Saint John refinery, is an important step forward as the company works to achieve its sustainability goals.

For more information, please explore Irving Oil’s 2021 Report on Sustainability here.

About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas (RNG), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.

About Irving Oil

Irving Oil is a family-owned and privately held international energy company. For nearly 100 years, our commitment to doing good business has been grounded in our commitment to people – to our employees, customers, communities and partners. Founded in 1924, our mission is focused on our continued evolution to meet the changing needs of our customers. Specializing in the refining and marketing of finished energy products, we operate Canada’s largest refinery in Saint John, New Brunswick, and Ireland’s only refinery located in the village of Whitegate. We proudly serve customers with more than 1,000 fuelling locations and a network of distribution terminals spanning Eastern Canada, New England and in Ireland, operating under the Top brand. We are on a continuous journey of sustainable development, working to reduce our environmental footprint while continuing to provide safe and reliable energy to our customers. Named one of Canada’s Top 100 Employers for seven consecutive years, we are proud of our team and our longstanding commitment to our customers and our communities. Learn more at www.irvingoil.com.

Katherine d’Entremont
Irving Oil
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506.654.7162

Melissa Bailey
Anaergia Inc.
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For additional information on Anaergia please see: www.anaergia.com
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Midwest projects of 50 MW or larger requested

KANSAS CITY, Mo.--(BUSINESS WIRE)--Today, Evergy issued a Request for Proposals (RFP) for generation resources to serve its customers.

The all-source RFP solicits bids for Evergy’s purchase or contracting of up to 1,240 megawatts (MW) of energy resources that will be in service by 2026. The RFP is Evergy’s first since the passage of the Inflation Reduction Act. Any savings achieved as part of the federal incentives would benefit customers.

Resources must be at least 50 MW and interconnect to the Southwest Power Pool (SPP). Siting preference will be given to projects located in Kansas and Missouri, particularly located within Evergy’s service area. Proposals are due by Feb. 28, 2023. Response and contact information are available online. Proposals selected from the RFPs are subject to appropriate regulatory approvals.

Over the next 10 years, Evergy plans to add more than 3,500 MW of renewable energy and retire more than 1,900 MW of coal-based fossil generation. Projects selected through this RFP would fulfill plans to add up to 1,240 MW of renewable generation by 2026. Evergy has set a goal of 70 percent carbon reduction by 2030 (relative to 2005 levels) and a target to reach net-zero carbon emissions by 2045. The company expects a combination of supportive energy policies and evolving technology to enable the net-zero goal.

About Evergy, Inc.

Evergy, Inc. (NASDAQ: EVRG), serves 1.6 million customers in Kansas and Missouri. Evergy’s mission is to empower a better future. Our focus remains on producing, transmitting and delivering reliable, affordable, and sustainable energy for the benefit of our stakeholders. Today, about half of Evergy’s power comes from carbon-free sources, creating more reliable energy with less impact to the environment. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe, diverse and inclusive workplace for our employees, and to add value for our investors. Headquartered in Kansas City, our employees are active members of the communities we serve.

Media Contact:
Gina Penzig
Sr. Manager Corporate Communications
Phone: 785.508.2410
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Media Line: 888-613-0003

Investor Contact:
Pete Flynn
Director, Investor Relations
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O: 816-652-1060
evergy.com

• Fourth Quarter 2022 Revenue: $3.65 billion; up 4%
• Fourth Quarter 2022 Operating Income: $281.9 million; down 13%
• Fourth Quarter 2022 EPS: $1.92 vs. $2.28; down 16%

• Full Year 2022 Revenue: $14.81 billion; up 22%
• Full Year 2022 Operating Income: $1.33 billion; up 27%
• Full Year 2022 EPS: $9.21 vs. $7.14; up 29%

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) announced fourth quarter 2022 U.S. GAAP (United States Generally Accepted Accounting Principles) net income of $201.3 million, or diluted earnings per share of $1.92 versus fourth quarter 2021 net earnings of $242.2 million, or diluted earnings per share of $2.28.

Total operating revenue for the current quarter was $3.65 billion, compared with $3.50 billion for the fourth quarter 2021, an increase of 4%. Current quarter total operating revenue, excluding fuel surcharge revenue, decreased approximately 3% versus the comparable quarter 2021. This decrease was primarily driven by a 27% decline in volume in Integrated Capacity Solutions (ICS) and a 1% decline in volume in Intermodal (JBI). Revenue, excluding fuel surcharge revenue, performance was positively offset by a 14% increase in average revenue producing trucks and a 3% increase in fleet productivity (excluding fuel surcharge revenue) in Dedicated Contract Services^® (DCS^®), a 6% increase in revenue per load (excluding fuel surcharge revenue) in JBI, an increase in Final Mile Services^® (FMS) revenue driven primarily by our recent acquisition, and a 6% increase in loads in Truckload (JBT) driven primarily by our J.B. Hunt 360box^® service offering.

Total freight transactions in the Marketplace for J.B. Hunt 360˚^® decreased 22% to $461 million in the fourth quarter 2022 compared to $593 million in the prior year quarter. ICS revenue on the platform decreased 29% to $308 million versus the year ago period. JBI executed approximately $33 million of third-party dray capacity on the platform, a decline of 31% year over year. JBT executed approximately $121 million of independent contractor and power-only capacity through the platform during the quarter, an increase of 7% versus the prior year period.

U.S. GAAP operating income for the current quarter totaled $281.9 million versus $322.5 million for the fourth quarter 2021. Current quarter operating income was negatively impacted by a $64 million pre-tax increase in casualty claim expense. Operating income performance was favorably impacted by customer rate and cost recovery efforts in JBI, DCS and FMS and an increase in revenue producing trucks and productivity in DCS. These items were partially offset by a decrease in volume in ICS and JBI; higher investments to attract and retain professional drivers, office personnel, and maintenance technicians; increases in equipment-related and maintenance expense, and higher insurance and safety costs.

Net interest expense in the current quarter increased primarily from higher interest rates from fourth quarter 2021. The fourth quarter effective tax rates for 2022 and 2021 were 25.7% and 22.6%, respectively. The annual effective tax rates for 2022 and 2021 were 24.4% and 23.9%, respectively. We expect our 2023 annual tax rate to be between 24.0% and 25.0%.

Segment Information:

Intermodal (JBI)

• Fourth Quarter 2022 Segment Revenue: $1.75 billion; up 11%
• Fourth Quarter 2022 Operating Income: $179.5 million; down 8%

Intermodal volume decreased 1% over the same period in 2021. Eastern network loads increased 8%, while transcontinental loads decreased 7% compared to the fourth quarter 2021. Demand for intermodal capacity was seasonally weak in the fourth quarter, while rail velocity and performance made further progress. Customer activity related to the detention of equipment also improved sequentially but continued to impact dray and network efficiencies. Revenue increased 11% for the quarter versus the prior year, driven by a 12% increase in revenue per load resulting from changes in mix of freight, customer rates, and fuel surcharge revenue. Revenue per load excluding fuel surcharge revenue was up 6% year over year.

Operating income decreased 8% in the fourth quarter primarily from lower volume; higher investments to attract and retain professional drivers, office personnel, and maintenance technicians; and higher insurance costs. These items were only partially offset by higher customer rates and cost recovery efforts compared to the prior year period. JBI incurred approximately $21.8 million of the incremental pre-tax casualty insurance expense. During the period we successfully onboarded 2,000 new units of container capacity. The current period ended with approximately 115,000 units of trailing capacity and approximately 6,700 power units in the dray fleet.

Dedicated Contract Services (DCS)

• Fourth Quarter 2022 Segment Revenue: $880 million; up 24%
• Fourth Quarter 2022 Operating Income: $75.8 million; up 4%

Demand for our highly engineered private-fleet outsourcing solution remained strong during the quarter. DCS revenue increased 24% year over year, primarily from a 14% increase in average revenue producing trucks and a 9% increase in productivity (revenue per truck per week) versus the same period 2021. Productivity excluding fuel surcharge revenue increased 3% from a year ago driven by increases in contracted indexed-based price escalators and stronger utilization of equipment. A net additional 1,210 revenue producing trucks were in the fleet by the end of the quarter compared to the prior year period, and a net reduction of 187 versus the end of the third quarter 2022. Customer retention rates remain above 98%.

Operating income increased 4% from the prior year quarter, primarily from new business onboarded over the past trailing twelve months, combined with greater productivity and utilization of equipment. These items were partially offset by higher equipment-related and maintenance expenses, higher safety costs, higher investments to attract and retain professional drivers, office personnel, and maintenance technicians, and other costs related to the implementation of new, long-term contractual business. The DCS segment incurred approximately $18.7 million of the incremental pre-tax casualty insurance expense.

Integrated Capacity Solutions (ICS)

• Fourth Quarter 2022 Segment Revenue: $496 million; down 33%
• Fourth Quarter 2022 Operating Loss: $(2.9) million; compared to $21.2 million income in 4Q’21

ICS revenue decreased 33% in the current quarter over the same period 2021. Overall segment volume decreased 27%, while truckload volume decreased 21% compared to the prior year period. Revenue per load decreased 9% compared to the fourth quarter 2021 due to changes in customer freight mix and lower contractual and transactional rates in our truckload business. Contractual volume represented approximately 62% of the total load volume and 61% of the total revenue in the current quarter compared to 54% and 43%, respectively, in fourth quarter 2021. Of the total reported ICS revenue, approximately $308 million was executed through the Marketplace for J.B. Hunt 360 compared to $431 million in fourth quarter 2021.

Operating income decreased by $24 million compared to the fourth quarter 2021 primarily from lower gross profit, increased insurance and claims expense and higher technology costs over the same period 2021. Gross profit declined 14% on lower revenue compared to prior year period while gross profit margin increased to 15.6% in the current period versus 12.2% in the prior period. ICS carrier base increased 15% year over year. The ICS segment incurred approximately $15.1 million of the incremental pre-tax casualty insurance expense in the quarter.

Truckload (JBT)

• Fourth Quarter 2022 Segment Revenue: $276 million; up 6%
• Fourth Quarter 2022 Operating Income: $16.9 million; down 35%

JBT revenue increased 6% compared to the same period in the previous year. Revenue excluding fuel surcharge revenue decreased 2% due to an 8% decline in revenue per load excluding fuel surcharge revenue partially offset by a 6% increase in load volume. Total average trailer count increased by approximately 3,900 units, or 37% versus the prior year period. Trailer turns in the quarter were down 21% from the prior period primarily due to freight mix and fewer load opportunities as a result of a softer freight market.

JBT operating income decreased 35% to $16.9 million versus the fourth quarter 2021. JBT continues to leverage the J.B. Hunt 360 platform to grow power capacity and capability for the J.B. Hunt 360box^® service offering. Benefits from higher volume and revenue were more than offset by higher truck purchased transportation expense, trailer parts and maintenance costs, personnel costs, insurance and claims expense and continued technology investments to build out 360box. The JBT segment incurred approximately $5.1 million of the incremental pre-tax casualty insurance expense in the quarter.

Final Mile Services (FMS)

• Fourth Quarter 2022 Segment Revenue: $255 million; up 15%
• Fourth Quarter 2022 Operating Income: $12.6 million; up 70%

FMS revenue increased 15% compared to the same period 2021, primarily driven by the previously announced acquisition of Zenith Freight Lines, LLC (Zenith) and multiple new customer contracts implemented over the past trailing twelve months. Revenue growth continues to be partially offset by internal efforts to improve revenue quality of the business. Excluding the Zenith acquisition, which contributed approximately $26 million to segment revenue in the current quarter, FMS revenue increased 3% year over year.

Operating income increased 70% from the prior year period, primarily driven by an improvement in revenue quality which was partially offset by higher equipment-related and maintenance costs and increased insurance and claims expense. Additionally, investments in new system technology development and implementation costs for newly awarded business partially offset the improvement in revenue quality. The FMS segment incurred approximately $3.3 million of the incremental pre-tax casualty insurance expense in the quarter, and the prior year period included a $5.7 million benefit from the reduction of a contingent liability.

Cash Flow and Capitalization:

At December 31, 2022, we had total debt outstanding of $1.3 billion on various debt instruments which is comparable to the total debt levels at December 31, 2021, and versus $1.2 billion at September 30, 2022.

Our net capital expenditures for 2022 approximated $1.4 billion vs. $877 million in 2021. At December 31, 2022, we had cash and cash equivalents of $52 million.

We had no purchases of our stock during the fourth quarter 2022. At December 31, 2022, we had approximately $551 million remaining under our share repurchase authorization. Actual shares outstanding at December 31, 2022, approximated 103.7 million.

Conference Call Information:

The company will hold a conference call today from 8:00–9:00 a.m. CST to discuss the quarterly earnings. Investors will have the opportunity to listen to the conference call live over the internet by going to investor.jbhunt.com. Please log on 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, an online replay of the earnings call webcast will be available a few hours after the completion of the call.

Forward-Looking Statements:

This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2021. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available to interested parties on our website, www.jbhunt.com.

About J.B. Hunt

J.B. Hunt Transport Services, Inc., a Fortune 500 and S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.

Brad Delco
Senior Vice President – Finance
(479) 820-2723

Kinder Morgan Board Authorizes $1 Billion Increase in Share Repurchase Program; Management Announces Succession Plans

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc.’s (NYSE: KMI) board of directors today approved a cash dividend of $0.2775 per share for the fourth quarter ($1.11 annualized), payable on February 15, 2023, to stockholders of record as of the close of business on January 31, 2023. This dividend is a 3% increase over the fourth quarter of 2021.

The company is reporting fourth quarter net income attributable to KMI of $670 million, compared to net income attributable to KMI of $637 million in the fourth quarter of 2021; and distributable cash flow (DCF) of $1,217 million, compared to $1,093 million in the fourth quarter of 2021. Adjusted Earnings were $708 million for the quarter, versus $609 million in the fourth quarter of 2021.

“Our company closed out the year with another strong quarter,” said Executive Chairman Richard D. Kinder. “We generated robust earnings and strong coverage of this quarter’s dividend. Company shareholders continue to benefit from our capital-efficient business model that delivers on our time-tested goals: maintain a strong investment-grade balance sheet, internally fund expansion opportunities, pay an attractive and growing dividend, and further reward our shareholders by repurchasing our shares on an opportunistic basis.”

“Our people, assets and systems performed very well this quarter, especially given the volatile weather and pricing we experienced late in the quarter,” said Chief Executive Officer Steve Kean. “Our Natural Gas Pipelines segment performed well above plan for the quarter, as did our CO₂ segment, which benefited from continued high commodity prices.

“Heightened concerns about energy security this year cast a spotlight on the U.S. liquefied natural gas (LNG) export sector. Our own and independent analysts project that demand from LNG facilities is expected to double in the coming years, and we are moving forward with projects to provide additional transport capacity for that growing market,” continued Kean. “With a large portion of our existing network in Texas and Louisiana — where nearly all of that LNG demand growth is expected to occur — we expect to largely serve that growth with highly capital-efficient expansions on our existing network.

“Domestically, our customers are increasingly benefiting from the high deliverability inherent in our extensive interconnected natural gas network, especially the industry-leading storage services we offer from our 700 billion cubic feet (Bcf) of working natural gas storage capacity,” continued Kean. “The need for those flexible deliverability services will continue to grow in the face of extreme weather events and as intermittent renewable energy resources continue to expand their share in the power sector.

“KMI’s future is bright. The assets we operate and the services we provide will be needed for a long time to come. And many of our employees are now actively helping to shape a lower- carbon energy future, with roughly 80% of our project backlog in lower-carbon energy services, including natural gas as a substitute for higher emitting fuels, producer certified natural gas, renewable natural gas, renewable diesel, and feedstocks associated with renewable diesel and sustainable aviation fuel,” Kean concluded.

“Our financial performance during the quarter was strong, as we generated earnings per share of $0.30 and DCF per share of $0.54,” said KMI President Kim Dang. “Earnings per share for the quarter were up 7% and DCF per share was up 13% as compared to the fourth quarter of 2021. We generated $590 million of excess DCF above our declared dividend during the quarter.

“During the quarter, we combined strong performance within our base business with exciting new developments supporting the transition to lower carbon energy sources,” continued Dang. “Our Terminals business segment is growing its industry-leading renewable diesel and sustainable aviation fuel feedstock storage and logistics offering in support of a customer’s expansion of its nearby renewable diesel plant. We continue to make good progress on the three Kinetrex Energy renewable natural gas facilities, all of which are on track to be placed in service in 2023. And we expect to move forward with our first carbon capture and sequestration project with our joint venture Red Cedar Gathering Company. As Steve noted, our future is bright.”

For the full year of 2022, the company reported net income attributable to KMI of $2,548 million, compared to $1,784 million for the full year of 2021 and DCF of $4,970 million, down 9% from $5,460 million for the comparable period in 2021. Net income is up in 2022 in part due to a non-cash impairment charge taken in 2021. The DCF decrease compared to the prior period is due primarily to nonrecurring earnings during the February 2021 winter storm. Without the impact of the storm, DCF for the full year of 2022 is up 14% versus the prior year. KMI ended 2022 with a Net Debt-to-Adjusted EBITDA ratio of 4.1 times, well below our target of 4.5 times.

2023 Outlook

For 2023, KMI expects to generate net income attributable to KMI of $2.5 billion ($1.12 per share) and declare dividends of $1.13 per share, a 2% increase from the dividends declared for 2022. The company also budgeted to generate 2023 DCF of $4.8 billion ($2.13 per share) and Adjusted EBITDA of $7.7 billion and to end 2023 with a Net Debt-to-Adjusted EBITDA ratio of 4.0 times, well below our long-term target of 4.5 times.

This press release includes Adjusted Earnings and distributable cash flow (DCF), in each case in the aggregate and per share, Adjusted Segment EBDA, Adjusted EBITDA, Net Debt and free cash flow (FCF), all of which are non-GAAP financial measures. For descriptions of these non-GAAP financial measures and reconciliations to the most comparable measures prepared in accordance with generally accepted accounting principles, please see “Non GAAP Financial Measures” and the tables accompanying our financial statements.

Overview of Business Segments

“The Natural Gas Pipelines segment’s financial performance was up in the fourth quarter of 2022 relative to the fourth quarter of 2021, primarily on higher contributions from our Texas Intrastate system, Midcontinent Express Pipeline and El Paso Natural Gas (EPNG); increased volumes on our KinderHawk gathering system; and favorable pricing on the Altamont gathering system, partially offset by lower contributions from our South Texas gathering assets,” said Dang.

Natural gas transport volumes were up 4% compared to the fourth quarter of 2021, with increases on EPNG due to colder weather and coal-fired power generation retirements; on Kinder Morgan Louisiana Pipeline due to increased deliveries to LNG customers; and on Colorado Interstate Gas Pipeline and Natural Gas Pipeline Company of America due to colder weather. Natural gas gathering volumes were up 6% from the fourth quarter of 2021 with higher volumes primarily on KinderHawk (which serves the Haynesville shale).

“Contributions from the Products Pipelines segment were down compared to the fourth quarter of 2021 primarily due to higher operating expenses, as well as lower contributions from our crude and condensate business,” Dang said. “Total refined products volumes were down 1%, while crude and condensate pipeline volumes were down 6% compared to the fourth quarter of 2021. Gasoline volumes were below the comparable period last year by 2% and diesel volumes were down 4%. Jet fuel volumes continued their strong rebound, up 10% versus the fourth quarter of 2021. These impacts were partially offset by higher rates on both the refined products and crude and condensate businesses as well as increased volumes through our petroleum condensate processing facility in the Houston Ship Channel.”

“Terminals segment earnings were flat compared to the fourth quarter of 2021. Our bulk business benefited from continued strength in both handling rates and volumes for export coal and petroleum coke as well as the non-recurring impact from 2021’s Hurricane Ida. These were partially offset by our steel business. Our liquids business was down primarily due to increased property taxes, unexpected costs related to the December deep freeze weather event and slightly lower Houston Ship Channel and New York Harbor refined products tank renewal rates, partially offset by contributions from growth projects placed in service and other rate escalations,” continued Dang. “In our Jones Act tanker business, the effects of improving fundamentals were evident in the quarter. Earnings contributions were meaningfully higher compared to the fourth quarter of 2021, as the fleet benefited from both higher utilization and higher average charter rates versus the prior year period.”

“CO₂ segment earnings were well up compared to the fourth quarter of 2021 primarily due to higher realized crude, natural gas liquids (NGL) and CO₂ prices, as well as higher CO₂ volumes. Our realized weighted average crude oil price for the quarter was up 20% at $65.06 per barrel, while our weighted average NGL price for the quarter was up 17% from the fourth quarter of 2021 at $35.26 per barrel, and CO₂ prices were up $0.16 or 13%,” said Dang. “Fourth quarter 2022 combined net oil production across our fields was flat to the same period in 2021, but well above our 2022 plan. NGL sales volumes net to KMI were down 4% versus the fourth quarter of 2021, while CO₂ sales volumes were up 12% on a net-to-KMI basis compared to the fourth quarter of 2021.”

Organizational Changes

• Kim Dang to become Chief Executive Officer of KMI effective August 1, 2023
• Tom Martin to become President of KMI
• Sital Mody to become President of Natural Gas Group
• Steve Kean to remain on KMI Board of Directors

After over 20 years with Kinder Morgan, the last 8 years as CEO, Steve Kean has announced his intention to transition out of his role as CEO effective August 1, 2023. He will remain on the KMI Board of Directors. Kim Dang, currently President of Kinder Morgan, will succeed Steve as CEO, and Tom Martin, the current President of KMI’s Natural Gas Group – the largest of KMI’s four business segments – will become KMI President, also effective August 1, 2023. As previously announced on July 20, 2022, Sital Mody, President of the Midstream Gas Group will succeed Tom as President of the Gas Group, effective February 1, 2023. Between February 1 and August 1, Tom Martin will serve as Executive Vice President, working with the Office of the Chairman (OTC).

“I am grateful for the opportunity to serve this great company. I am immensely proud of the business this team has built, the strength of the organization and its culture, and the promising future we have before us. Among our strengths is the great care we routinely and deliberately take in planning for succession, including the development of the best leaders for the future of Kinder Morgan. Kim, Tom, and the rest of the Kinder Morgan team will lead this company on to even greater things. The best is yet to come, and I look forward to continuing active involvement with the company as a member of the Board. I personally also look forward to having the flexibility to undertake work in other areas of interest to me in the future,” said Kean.

“Steve has done a superb job as CEO and we thank him for his dedication and professionalism that have exemplified the high standards for integrity and transparency that we have established over the 25-year history of the company,” said Richard D. Kinder, KMI Executive Chairman. “His competence and honesty are beyond reproach. While we will be sorry to lose him as our CEO in August, we are delighted that he will continue to be a director and know he will contribute in that role to the future success of Kinder Morgan.”

Kim Dang has been with the company over 20 years, serving as CFO and then as President for the last 5 years and on the Board of Directors since 2017. “We have great faith in Kim as Steve’s successor. She has done an outstanding job as President, is a collaborative and skillful decision maker and a great leader. Her experience and many accomplishments over the years make her the obvious choice as the next CEO of Kinder Morgan,” said Kinder.

Tom Martin has been with Kinder Morgan nearly 20 years, serving in positions of increasing responsibility, including the last 13 years as President of the Gas Group. Effective August 1, 2023, Tom will join Rich Kinder, Executive Chairman, and Kim Dang as a member of the OTC.

“Tom has led the tremendous accomplishments of our natural gas group. His proven track record of commercial and operational success in our largest business segment prepares him well for this role,” added Kinder. “Both Kim and Tom are established company leaders and we look forward to a smooth transition later this year.”

Other News

Corporate

• On January 18, the Kinder Morgan board of directors approved an increase in KMI’s share repurchase authorization from $2.0 billion to $3.0 billion. Since the program’s inception, KMI has repurchased approximately $943 million worth of shares at an average price of $17.40 per share, leaving a remaining capacity of approximately $2.1 billion.

Natural Gas Pipelines

• Land acquisition and the procurement of materials and construction contractors continues to progress as planned for the Permian Highway Pipeline, LLC (PHP) Expansion project. The project will expand PHP’s capacity by approximately 550 million cubic feet per day (MMcf/d), increasing natural gas deliveries from the Permian to U.S. Gulf Coast markets. The target in-service date for the project is November 1, 2023. PHP is jointly owned by subsidiaries of KMI, Kinetik Holdings Inc. and Exxon Mobil Corporation. KMI is the operator of PHP.

• Tennessee Gas Pipeline (TGP) has started construction on two of the three compressor stations involved in its approximately $263 million East 300 Upgrade project. TGP expects to file for a Notice to Proceed from the Federal Energy Regulatory Commission (FERC) for the remaining compressor station in the first quarter of 2023. TGP has entered into a long-term, binding agreement with Con Edison to provide approximately 115 MMcf/d of capacity to its distribution system. The expansion project involves upgrading and adding compression facilities on TGP’s system. Pending receipt of all required permits, the project has an expected in-service date of November 1, 2023.

• On January 13, the bankruptcy court confirmed a plan of reorganization satisfactory to all interested parties regarding Ruby Pipeline, L.L.C. (Ruby), which involves payment of Ruby’s outstanding senior notes with the proceeds from the sale of Ruby to Tallgrass, a settlement by KMI and Pembina of certain potential causes of action relating to the bankruptcy, and cash on hand. KMI’s payment to the bankruptcy estate, net of payments it received in respect of a long-term subordinated note receivable from Ruby, was approximately $28.5 million.

• KMI is moving forward with the previously-approved $678 million Evangeline Pass project after receiving notice and appropriate credit support from Venture Global to proceed with construction activities. The two-phase project includes modifications and enhancements to portions of the TGP and Southern Natural Gas systems in Mississippi and Louisiana. The project will enable the delivery of the full FERC-certificated project volumes to Venture Global’s proposed Plaquemines LNG facility. Pending the receipt of all required permits, the expected in-service dates will be aligned with Venture Global’s in-service dates.

Products Pipelines

• KMI’s Southern California renewable diesel hub remains on target to be fully in service by the end of the first quarter of 2023. The Southern California hub will connect marine and other delivered renewable diesel supplies in the Los Angeles harbor area to the Colton and San Diego areas via KMI’s SFPP pipeline. The San Diego modifications are mechanically complete and construction of the necessary Colton modifications are progressing on track. The Southern California renewable diesel hub will accommodate, in aggregate, up to 20,000 barrels per day (Bbl/d) of blended diesel throughput across the two inland destination truck racks. This project is anchored by customer commitments.

• KMI continues to target a first quarter of 2023 in-service for its Northern California renewable diesel hub. This project will connect up to 21,000 Bbl/d of Bay area renewable diesel supplies to the Sacramento, San Jose and Fresno markets via its northern pipeline system. This Northern California renewable diesel hub will capitalize on existing infrastructure to allow for a first quarter in-service, with potential capacity expandability available in subsequent phases. KMI has secured the necessary customer commitments and is moving forward with completing the required system modifications.

• KMI continues construction work at its Carson Terminal to connect marine supplies of renewable diesel coming into its Los Angeles harbor hub to its truck rack for delivery of unblended renewable diesel to local markets. This project is on track to be in service in late January 2023.

Terminals

• KMI is expanding its industry-leading renewable diesel and sustainable aviation fuel feedstock storage and logistics offering in its lower Mississippi River hub, to serve the growing renewable fuels market. The scope of work at its Geismar River Terminal in Geismar, Louisiana includes the construction of multiple tanks totaling approximately 250,000 barrels of heated storage capacity as well as various marine, rail and pipeline infrastructure improvements. A new steam-traced and insulated outbound pipeline connection will strategically position KMI’s facility to meet the growing feedstock requirement of a customer’s nearby renewable diesel plant. KMI’s approximately $52 million project, which is supported by a long-term commercial commitment, is expected to be in service by the fourth quarter of 2024.

• Tank conversion work is nearing completion on the initial phase of the renewable feedstock storage and logistics hub under development at KMI’s Harvey, Louisiana facility. Upon completion of the project, the facility will serve as a hub in the U.S. where Neste, a leading provider of renewable diesel and sustainable aviation fuel, will store a variety of feedstocks such as used cooking oil. The approximately $80 million project will produce an attractive return and is supported by a long-term commercial commitment from Neste. It remains on schedule and is expected to commence operations in the first quarter of 2023.

• Field work continues on a previously-announced project that will significantly reduce the emissions profile of KMI’s refined products terminal hub along the Houston Ship Channel. The approximately $64 million investment will address emissions related to product handling activities at KMI’s Galena Park and Pasadena terminals and will generate an attractive return on invested capital. The expected Scope 1 & 2 CO₂ equivalent emissions reduction across the combined facilities is approximately 34,000 metric tons per year or a 38% reduction in total facility greenhouse gas emissions versus 2019 (pre-pandemic) emissions. The project is expected to be in service by the third quarter of 2023.

Energy Transition Ventures

• KMI has executed a detailed term sheet with the Red Cedar Gathering Company to provide transportation on KMI’s CO₂ pipelines and permanently sequester captured CO₂ at an existing Class II well in the Permian Basin. Red Cedar is moving forward with a project to capture CO₂ from two natural gas treating facilities in Southern Colorado (up to 400,000 metric tons per year of CO₂) and deliver the captured CO₂ to KMI’s Cortez pipeline. Red Cedar is a joint venture between the Southern Ute Indian Tribe Growth Fund and KMI, with an ownership interest of 51% and 49%, respectively.

• Commissioning at the Twin Bridges Landfill will begin in the first quarter of 2023 and construction is ongoing at Prairie View and Liberty Landfills, the three sites comprising Kinetrex Energy’s approximately $150 million landfill-based renewable natural gas (RNG) projects in Indiana. The sites are expected to be placed in service throughout 2023 and KMI will begin monetizing renewable identification numbers (RINs) from the first of the new plants in the first quarter of 2023. These projects will add approximately 3.5 Bcf to KMI’s total annual RNG gross production upon completion.

• KMI made a final investment decision to convert Autumn Hills, one of seven sites included in KMI’s $135 million acquisition of North American Natural Resources, Inc. and its sister companies (NANR), to an RNG facility and construction is scheduled to begin in January 2023. Based on the U.S. EPA’s proposed regulations for the Renewable Fuels Standards Program allowing for the creation of e-RINs from biogas used to generate electricity in connection with electric vehicles, KMI is currently evaluating whether to keep the remaining six sites dedicated to producing electricity, which could provide earnings upside opportunities with minimal additional capital investment, thus improving the net present value of the investment.

Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 140 terminals, 700 billion cubic feet of working natural gas storage capacity and have renewable natural gas generation capacity of approximately 2.2 Bcf per year of gross production with an additional 5.2 Bcf in development. Our pipelines transport natural gas, refined petroleum products, renewable fuels, crude oil, condensate, CO₂ and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, renewable fuel feedstocks, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.

Please join Kinder Morgan, Inc. at 4:30 p.m. ET on Wednesday, January 18 , at www.kindermorgan.com for a LIVE webcast conference call on the company’s fourth quarter earnings. An investor presentation update will be posted to the Investor Relations page of KMI’s website prior to 9:30 a.m. ET on January 19, 2023.

Non-GAAP Financial Measures

Our non-GAAP financial measures described below should not be considered alternatives to GAAP net income attributable to Kinder Morgan, Inc. or other GAAP measures and have important limitations as analytical tools. Our computations of these non-GAAP financial measures may differ from similarly titled measures used by others. You should not consider these non-GAAP financial measures in isolation or as substitutes for an analysis of our results as reported under GAAP. Management compensates for the limitations of these non-GAAP financial measures by reviewing our comparable GAAP measures, understanding the differences between the measures and taking this information into account in its analysis and its decision-making processes.

Certain Items, as adjustments used to calculate our non-GAAP financial measures, are items that are required by GAAP to be reflected in net income attributable to Kinder Morgan, Inc.

Dave Conover
Media Relations
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Investor Relations
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DAVOS, Switzerland--(BUSINESS WIRE)--Geopolitical stability is “absolutely key” to global energy security, Saudi’s Foreign Minister told the World Economic Forum’s 2023 Annual Meeting in Davos on Tuesday.

During a high-level panel titled ‘Keeping the Lights amid Geopolitical Fracture’, His Highness Prince Faisal bin Farhan Al Saud, Saudi Arabia’s Minister of Foreign Affairs, emphasized the need for near-term stability, especially in the world’s energy markets.

“The Kingdom is investing almost $200 billion in renewable energy at home and abroad. Our companies are active in 21 countries, deploying solar and wind energy and other sorts of renewable energy,” he said.

“In the meantime, we need to maintain a supply of traditional energies that are priced in a way that ensures stability – and we will continue to address this in a responsible way,” His Highness Prince Faisal added.

Meanwhile, His Excellency Bandar bin Ibrahim Alkhorayef, Saudi Arabia’s Minister of Industry and Mineral Resources, participated in ‘The Return of Manufacturing’, where he highlighted the need for governments to foster innovation and co-investments in the industrial sector.

“You need the right regulatory framework to allow investment flow,” he said. Alkhorayef also emphasized the need for the right infrastructure to enable factories of the future, as well as the importance of governments to proactively develop skilled human capital to drive sustainable growth.

About the Kingdom of Saudi Arabia at the World Economic Forum 2023:

Saudi Arabia’s participation at the World Economic Forum Annual Meeting 2023 highlights the Kingdom’s commitment to engage in meaningful dialogues with other nations to design solutions for some of the world’s most pressing challenges. In recognizing the crucial role international cooperation plays in ensuring global stability, Saudi Arabia is stepping up its efforts on the world stage to act as a bridge of near-term stability and long-term transformation.

*Source: AETOSWire

Wooud Alquaied
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HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.056000 per unit, payable on February 14, 2023 to unitholders of record on January 31, 2023. The net profits interest calculation represents reported oil production for the month of October 2022 and reported natural gas production during September 2022. The calculation includes accrued costs incurred in November 2022.

The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.

Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $3.1 million for the current month on realized wellhead prices of $85.39/Bbl, down $0.4 million from the prior month’s oil cash receipts.

Recorded natural gas cash receipts from the Underlying Properties totaled $1.5 million for the current month on realized wellhead prices of $6.89/Mcf, down $0.3 million from the prior month.

Total accrued operating expenses for the period were $2.0 million, a decrease of $0.3 million from the prior period. Capital expenditures decreased $0.3 million from the prior period to $0.2 million.

As previously disclosed, COERT Holdings 1 LLC (the “Sponsor”) has established a $1.0 million cash reserve for approved, future development expenses. As operators of the Underlying Properties are still finalizing their capital expenditure budgets for the upcoming fiscal year, and given current commodity price volatility, the Sponsor has informed the Trustee that it plans to continue to maintain the $1.0 million reserve to fund incremental future development expenses; however, if those expenses are ultimately delayed or are less than expected, or if the outlook changes, amounts reserved but unspent will be released as an incremental cash distribution in a future period.

About Permianville Royalty Trust

Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.

Forward-Looking Statements and Cautionary Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expectations regarding the cash reserve for future development expenses and expectations regarding current and future capital expenditures and development activities on the Underlying Properties. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have experienced significant fluctuation since the beginning of 2020 as a result of a variety of factors that are beyond the control of the Trust and the Sponsor. Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in 2021 and prior periods. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 25, 2022. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.

Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell 1 (512) 236-6555

BUFFALO, N.Y.--(BUSINESS WIRE)--$ROCK #ROCK--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today released its annual Corporate Social Responsibility report detailing the company’s work to improve lives and make a difference in the world.

“With this report, we are deepening our commitment and demonstrating our responsibility to our people, our communities and our stakeholders,” said CEO Bill Bosway. “As a significant player in creating more sustainable ways to grow food, generate cleaner energy and live and work with greater efficiency, ease and comfort, we are confronting some of the world’s most important challenges.”

Corporate social responsibility is fundamental to Gibraltar’s operations. This comprehensive report provides an opportunity to be more accountable, strategic and transparent, Bosway said.

Gibraltar operates 34 facilities, including 25 manufacturing facilities, one distribution center and eight offices across 16 states, as well as Canada, China and Japan. It is committed to making a difference in the lives of the people the business touches.

Highlights of the report include:

- Gibraltar conducted seven comprehensive energy audits at critical manufacturing plants, identifying opportunities to reduce energy consumption and increase energy efficiency.

- The company decreased energy intensity by Net Sales 8.2% from 64.7 MWh in 2020 to 59.4 MWh in 2021.

- Gibraltar has built greater diversity of thought, experience and perspective on its Board of Directors with a broadened range of skills and tenure and expanded the responsibilities of its CSR Committee.

Bosway said he was proud of the way the Gibraltar team has embraced the challenges of delivering progress.

Gibraltar said in the report it would continue to evolve its efforts to look for opportunities to take a leading role in its industries as the global need for sustainable solutions grows and expectations for best practices rise.

About Gibraltar

Gibraltar is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech, and infrastructure markets. Gibraltar’s mission, to make life better for people and the planet, is fueled by advancing the disciplines of engineering, science, and technology. Gibraltar is innovating to reshape critical markets in comfortable living, sustainable power, and productive growing throughout North America. For more please visit www.gibraltar1.com.

Forward-Looking Statements

Certain information set forth in this news release, other than historical statements, contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that are based, in whole or in part, on current expectations, estimates, forecasts, and projections about the Company’s business, and management’s beliefs about future operations, results, and financial position. These statements are not guarantees of future performance and are subject to a number of risk factors, uncertainties, and assumptions. Actual events, performance, or results could differ materially from the anticipated events, performance, or results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, among other things, the availability and pricing of our principal raw materials and component parts, supply chain challenges causing project delays and field operations inefficiencies and disruptions, availability of labor at our manufacturing and distribution facilities or on our project sites, further impacts of COVID-19 on our customers, suppliers, employees, operations, business, liquidity and cash flows, the loss of any key customers, adverse effects of inflation, other general economic conditions and conditions in the particular markets in which we operate, changes in customer demand and capital spending, competitive factors and pricing pressures, our ability to develop and launch new products in a cost-effective manner, our ability to realize synergies from newly acquired businesses, disruptions to our IT systems, the impact of regulation (including the Department of Commerce’s solar panel anti-circumvention investigation and the Uyghur Forced Labor Prevention Act (UFLPA)), rebates, credits and incentives and variations in government spending and our ability to derive expected benefits from restructuring, productivity initiatives, liquidity enhancing actions, and other cost reduction actions. Before making any investment decisions regarding our company, we strongly advise you to read the section entitled “Risk Factors” in our most recent annual report on Form 10-K and Quarterly Report on Form 10-Q which can be accessed under the “SEC Filings” link of the “Investor Info” page of our website at www.Gibraltar1.com. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law or regulation.

LHA Investor Relations
Jody Burfening/Carolyn Capaccio
(212) 838-3777
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it has priced a public offering of $500,000,000 in aggregate principal amount of 8.875% senior unsecured notes due 2030. The offering was upsized from the previously announced $400,000,000 in aggregate principal amount of the notes. The price to investors will be 100% of the principal amount of the notes. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of our existing and future subsidiaries other than our unrestricted subsidiaries. We intend to use a portion of the net proceeds from the offering to fund the purchase price and accrued and unpaid interest for all of our 5.625% senior unsecured notes due 2024 that are validly tendered and accepted for payment in our concurrent tender offer and the redemption price and accrued and unpaid interest for any 5.625% senior unsecured notes due 2024 that remain outstanding after the completion or termination of our concurrent tender offer and the remainder for general partnership purposes, including repaying borrowings outstanding under our credit facility. The offering of the notes is expected to settle and close on January 25, 2023, subject to customary closing conditions.

Wells Fargo Securities, LLC, SMBC Nikko Securities America, Inc., BofA Securities, Inc., BNP Paribas Securities Corp., Capital One Securities, Inc., Citigroup Global Markets Inc., Fifth Third Securities, Inc., RBC Capital Markets, LLC, Regions Securities LLC, Scotia Capital (USA) Inc. and Truist Securities, Inc. are acting as joint book-running managers for the offering and Comerica Securities, Inc. is acting as co-manager. A copy of the final prospectus supplement and accompanying base prospectus relating to this offering, when available, may be obtained from:

Wells Fargo Securities, LLC
550 South Tyron Street, 5th Floor
Charlotte, NC 28202
Attn: Leverage Syndicate
Telephone: (704) 410-4885

You may also obtain these documents for free, when they are available, by visiting the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offer is being made only through the prospectus supplement and accompanying base prospectus, each of which is part of our effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming and the Gulf of Mexico.

This press release includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, no assurance can be given that our goals will be achieved, including statements regarding our ability to successfully close the offering and to use the net proceeds as indicated above. Actual results may vary materially. We undertake no obligation to publicly update or revise any forward-looking statement.

Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521

FORT WORTH, Texas--(BUSINESS WIRE)--MorningStar Partners, L.P., which will be renamed “TXO Energy Partners, L.P.” (“TXO”), announced today the launch of its initial public offering of 5,000,000 common units representing limited partner interests in TXO (the “common units”). TXO will also grant the underwriters an option to purchase up to an additional 750,000 common units at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $19.00 and $21.00 per common unit. We have applied to list our common units on the New York Stock Exchange under the ticker symbol “TXO.”

The common units being offered to the public represent an approximate 17% limited partner interest in TXO, or an approximate 19% limited partner interest if the underwriters exercise, in full, their option to purchase additional common units.

Raymond James, Stifel, Janney Montgomery Scott and Capital One Securities are acting as joint book-running managers for the offering. The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. When available, a copy of the preliminary prospectus may be obtained from any of the following sources:

Important Information

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov under “MorningStar Partners, L.P.” This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About TXO Energy Partners, L.P.

TXO Energy Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. TXO’s current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico and the San Juan Basin of New Mexico and Colorado.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the words such as “possible,” “if,” “will” and “expect” and contain statements regarding the size, timing or results of the initial public offering. These forward-looking statements represent TXO’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved, and they are subject to risks, uncertainties and other factors, many of which are outside of TXO’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, TXO does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for TXO to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus filed with the SEC in connection with TXO’s initial public offering. The risk factors and other factors noted in TXO’s prospectus could cause its actual results to differ materially from those contained in any forward-looking statement. You are cautioned not to place undue reliance on these forward-looking statements.

TXO Energy Partners, L.P.
Investor Relations Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone,” “BSM,” or “the Company”) today announced that Jeff Wood, the President, Chief Financial Officer, and Treasurer of Black Stone’s general partner, will leave the company effective February 28, 2023. Upon Mr. Wood’s departure, Evan Kiefer, who currently serves as Vice President, Finance and Investor Relations, will assume the role of Interim Chief Financial Officer and Treasurer.

Thomas L. Carter, Jr., Black Stone’s Chief Executive Officer and Chairman commented, “Jeff has been an integral part of our management team and our success as a public company since he joined us in 2016, shortly after our initial public offering. He has brought a high level of professionalism to our organization and helped to navigate us through some difficult times, including Covid and the accompanying downturn in the commodity markets.” Mr. Carter concluded, “On behalf of Black Stone’s Board and senior management team, I want to thank Jeff for his contributions to the Company, which is today in one of the strongest financial positions in its history.”

About Black Stone Minerals, L.P.

Black Stone Minerals is one of the largest owners of oil and natural gas mineral interests in the United States. The Company owns mineral interests and royalty interests in 41 states in the continental United States. Black Stone believes its large, diversified asset base and long-lived, non-cost-bearing mineral and royalty interests provide for stable to growing production and reserves over time, allowing the majority of generated cash flow to be distributed to unitholders.

Black Stone Minerals, L.P. Contacts

Jeff Wood
President and Chief Financial Officer

Evan Kiefer
Vice President, Finance and Investor Relations
Telephone: (713) 445-3200
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Matrix Sensors, RPSi, and SunGreenH2 join the movement to bring on the future

HOUSTON--(BUSINESS WIRE)--Halliburton Labs introduces Matrix Sensors, Renew Power Systems (RPSi), and SunGreenH2 as the newest participants in its clean energy accelerator.

The move is part of Halliburton Labs’ ambition to advance clean energy innovation. Halliburton Labs helps early-stage companies increase their attractiveness to prospective customers and investors by contributing expertise, connections, facilities, and more to help achieve strategic commercialization milestones with more efficient use of time and capital.

“Companies across the energy landscape are interested in scalable innovations that improve the cost, reliability, and sustainability of energy,” said Managing Director Dale Winger. “Our tailored program combines expert support, access to a global network, and the physical resources for participants to scale. We’re excited to help these companies accelerate their market traction.”

Matrix Sensors

Matrix Sensors uses a new class of gas-adsorbing materials known as metal-organic frameworks to develop the world’s first quantitative gas sensor on a chip. The touch-free technology enables advancements in sensor size, power, cost, and performance to address limitations of current gas sensor technologies, which require manual calibration every six months.

Matrix Sensors CEO Steve Yamamoto said, “With Halliburton’s global reach, we can apply our technology to some of the biggest problems facing the energy sector today, including CO₂ sensors for energy efficient buildings and methane sensors for leak detection.”

Renew Power Systems

RPSi is a U.S.-based, clean-tech company that develops hardware and software solutions that enable flexible and sustainable grid infrastructure. RPSi uses power electronics to connect renewable energy resources, such as wind and solar, with each other and the grid.

“Our mission is to help change the way the world generates and distributes energy,” said CEO Zach Emond. “With RPSi technology, a diverse range of domestic and global communities will benefit from the acceleration of renewable energy resources that work with new and existing grid infrastructure and improve access to affordable, sustainable, and resilient electricity.”

SunGreenH2

SunGreenH2 builds high-performance hardware for electrolyzer cells, stacks, and systems that increase hydrogen production, decrease energy use, and reduce platinum group metals use. The company supplies hardware components for alkaline and proton-exchange membrane electrolyzers. Its modular, high-efficiency anion exchange membrane (AEM) electrolyzer stack, which is being commercialized, uses renewable power to produce low-cost green hydrogen for industries, transport, and energy storage.

“We are excited to unlock the future of green hydrogen production. With the help of Halliburton’s engineering and manufacturing expertise, we plan to commercialize and roll out our product in major international markets,” said Tulika Raj, Co-founder and CEO.

The next Halliburton Labs Finalists Pitch Day is Friday, Jan. 27 from 9:30 a.m.-12:30 p.m. CT at The Ion in Houston. The event will include pitches from 10 innovative, early-stage energy tech companies. To attend or watch via online broadcast, please register here.

About Halliburton Labs

Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors, and industrial labs join to advance cleaner, affordable energy. Located at Halliburton Company’s headquarters in Houston, Texas, Halliburton Labs provides access to world-class facilities, operational expertise, practical mentorship, and financing opportunities in a single location to help participants scale their business. Visit the company’s website at www.halliburtonlabs.com. Connect with Halliburton Labs on Twitter, LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE: HAL).

Investor Relations Contact
David Coleman
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281-871-2688

Press Contact
Amina Rivera
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281-871-2601

MONTREAL--(BUSINESS WIRE)--Ecolomondo Corporation (TSXV: ECM) (OTC: ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the commercialization of its Thermal Decomposition Process (“TDP”) proprietary recycling technology and the building and operating of turnkey TDP facilities globally, announces that it has closed on January 16, 2023, a private placement (the “Private Placement”) for aggregate gross proceeds of $1,000,051.60. This Private Placement is comprised of 2,222,336 units (the “Units”) at the price of $0.45 per Unit. Each Unit consisted of one common share (the “Common Shares”) and one common share purchase warrant (the “Warrants”). Each Warrant will entitle the holder thereof to acquire an additional Common Share of the Company for $0.55 for a period of six months from the closing date, being July 16, 2023.

150,000 Units of this Private Placement for gross proceeds of $67,500 has closed in escrow pending final acceptance of the TSX Venture Exchange (the “TSXV”) pursuant to subscriptions by pro group members, as defined in TSXV policies. The funds and securities will be released upon receiving final acceptance from the TSXV.

As previously disclosed in the Form 45-106F19 offering document, the proceeds of this Private Placement will be used for general working capital purposes to meet strategic objectives and commitments, including the construction and completion of the new Hawkesbury TDP facility.

The Company has paid in cash an amount of $3,150 equal to 7% of the gross proceeds raised from the subscriptions in the Private Placement from persons introduced to the Company by eligible brokers and exempt market dealers.

3212521 Canada Inc., a company controlled by Mr. Eliot Sorella, Chairman, CEO and significant shareholder of the Company has acquired 852,225 Units in the Private Placement. This participation by 3212521 Canada Inc. in the Private Placement constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company's market capitalization. The recipient of the Units and the extent of such participation were not finalized until shortly prior to the completion of the Private Placement described herein. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the transactions contemplated hereby pursuant to a material change report filed at least 21 days prior to the completion of such Private Placement. 3212521 Canada Inc.’s funds will also be held in escrow as this insider participation exceeds 25% of the total aggregate proceeds raised in this Private Placement, pending final acceptance of the TSXV.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 Prospectus Exemptions (“NI 45-106”), the Units were offered for sale to purchasers resident in Canada pursuant to the Listed Issuer Financing Exemption under Part 5A of NI 45-106. The Units, the Common Shares and the Warrants issued in the Private Placement will not be subject to a hold period pursuant to applicable Canadian Securities laws.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Ecolomondo Corporation

Ecolomondo Corporation is a Canadian cleantech company headquartered in Québec, Canada with an over 25-year history focused on waste-to-resource technology development and deployment. Ecolomondo has developed the proprietary TDP which recovers high value circular commodities from end-of-life tires including rCB, oil and steel. TDP lowers carbon emissions by up to 90% versus virgin carbon black production. Ecolomondo has adopted a triple bottom line approach to business focused on people, planet, and profit. Ecolomondo trades on the TSX Venture Exchange under the symbol (TSXV:ECM). To learn more, visit www.ecolomondo.com

Please follow @EcolomondoECM on Twitter, Facebook, LinkedIn, Instagram and YouTube.
Twitter: https://twitter.com/EcolomondoECM
Facebook: https://www.facebook.com/EcolomondoECM
LinkedIn: https://www.linkedin.com/company/ecolomondo/
Instagram: https://www.instagram.com/ecolomondoecm/
YouTube: https://www.youtube.com/@Ecolomondo

Cautionary Note Regarding Forward Looking Statements

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ecolomondo Corporation
Eliot Sorella
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
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www.ecolomondo.com

DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, will conduct a conference call and audio webcast to discuss its second quarter fiscal 2023 results and business outlook on January 25, 2023, at 5:00 p.m. Eastern Time.

After the close of the market on January 25, and prior to the conference call, Wolfspeed will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on Wolfspeed’s website at http://www.wolfspeed.com/.

To listen to a live webcast of the call, simply go to Events & Presentations - Wolfspeed, Inc. and follow the login instructions. The recorded webcast will also be available at the site for replay.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Wolfspeed® is a registered trademark of Wolfspeed, Inc.

Twitter: @Wolfspeed
LinkedIn: @Wolfspeed

Media Relations:
Melinda Walker
Director, Corporate Communications
818-261-4585
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Investor Relations:
Tyler Gronbach
VP, Investor Relations
919-407-4820
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