DUBLIN--(BUSINESS WIRE)--The "Biomass Power Generation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The latest study collated and published analyzes the historical and present-day scenario of the global biomass power generation market in order to accurately gauge its future growth.
The study presents detailed information about the important growth factors, restraints, and trends that are creating a landscape for the growth of the so as to identify growth opportunities for market stakeholders. The report also provides insightful information about how global biomass power generation market would expand during the forecast period of 2021 to 2031.
The report offers intricate dynamics about different aspects of the, which aids companies operating in the market in making strategic development decisions.
This study also elaborates on significant changes that are highly anticipated to configure growth of the global biomass power generation market during the forecast period. It also includes a key indicator assessment that highlights growth prospects of the global biomass power generation market and estimates statistics related to growth of the market in terms of volume (MW) and value (US$ Bn).
This study covers a detailed segmentation of global biomass power generation market, along with key information and a competition outlook. The report mentions company profiles of players that are currently dominating the global biomass power generation market, wherein various development, expansion, and winning strategies practiced and implemented by leading players have been presented in detail.
Companies Mentioned
Key Questions Answered in this Report on Biomass Power Generation Market
The report provides detailed information about the global biomass power generation market on the basis of a comprehensive research on various factors that are playing a key role in accelerating the growth potential of the global market. Information mentioned in the report answers path-breaking questions for companies that are currently operating in the market and are looking for innovative methods to create a unique benchmark in the global biomass power generation market so as to help them design successful strategies and make target-driven decisions.
Key Topics Covered:
1. Preface
2. Executive Summary
3. Biomass Power Generation Market - Industry Analysis
3.1. Introduction
3.2. Value Chain Analysis
3.3. Market Dynamics
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunity
3.7. Porter's Five Forces Analysis
3.8. Market Attractiveness Analysis
3.9. Company Market Share Analysis
4. Global Biomass Power Generation Market - Feedstock Segment Analysis
4.1. Global Biomass Power Generation Market: Feedstock Segment Overview
4.2. Woody Biomass
4.3. Agriculture & Forest Residues
4.4. Biogas & Energy Crops
4.5. Urban Residues
4.6. Landfill Gas Feedstock
5. Global Biomass Power Generation Market - Technology Segment Analysis
5.1. Global Biomass Power Generation Market: Technology Segment Overview
5.2. Anaerobic Digestion
5.3. Combustion
5.4. Gasification
5.5. Co-firing & CHP
5.6. Landfill Gas (LFG)
6. Global Biomass Power Generation Market - Regional Segment Analysis
6.1. Global Biomass Power Generation Market: Regional Segment Overview
6.2. North America
6.3. Europe
6.4. Asia Pacific
6.5. Middle East & Africa (MEA)
6.6. Latin America
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/vj41xz
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Fariello brings decades of experience and leadership in government affairs at FORTUNE 500 companies, including United Airlines and ExxonMobil
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--$NRGV--Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Theresa Fariello to the Company’s Board of Directors effective February 1, 2023. She replaces Henry Elkus, Founder and CEO of Helena, a strategic partner and Series B-1 investor in Energy Vault, upon his concurrent departure from the Board.
Ms. Fariello has served as Senior Vice President of Government Affairs & Global Public Policy for United Airlines (Nasdaq: UAL) since 2017. In this role, she leads United Airlines’s federal, state, local, and international government engagement, including environmental affairs. Prior to her role at United Airlines, Ms. Fariello served a 16-year tenure at ExxonMobil (NYSE: XOM), where she advised executive leadership on key governmental and policy matters. Prior to her time at ExxonMobil, Ms. Fariello served as deputy assistant secretary for International Energy Policy in the Office of International Affairs at the U.S. Department of Energy and held senior leadership positions at Occidental Petroleum Corporation. Throughout her career, Ms. Fariello has been recognized for her success and leadership in government, including being named to Washingtonian Magazine’s list of Most Powerful Women.
Ms. Fariello received her undergraduate degree in political science from George Washington University. She also holds a Master of Laws in International and Comparative Law from Georgetown University Law Center, as well as a Juris Doctorate from George Mason University School of Law.
“We are honored to welcome Theresa, who brings extensive and valuable experience in government affairs and public policy at leading public companies to Energy Vault’s Board of Directors,” said Robert Piconi, Chairman and Chief Executive Officer, Energy Vault. “The recent passage of the IRA is one example of a significant accelerator for our industry and our customers in the United States. Theresa’s leadership and experience will help us fully leverage the opportunities associated with this landmark legislation while strategically optimizing our global approach to working with government organizations in an increasingly complex regulatory and public sector environment. I look forward to working with her as we execute our global growth plans.”
“It is a distinct privilege to join Energy Vault’s Board of Directors,” said Theresa Fariello. “I am inspired by Energy Vault's mission and commitment to creating a cleaner, more sustainable future. As the need to address and combat climate change becomes ever more urgent, so too does the need to shape environmental and climate policy to accelerate the deployment of innovative solutions, such as Energy Vault’s energy storage technologies. I welcome the opportunity to work alongside the rest of my fellow board members, and I look forward to lending my voice and experience to the Company as it continues to grow.”
Regarding Mr. Henry Elkus, Mr. Piconi commented: “I want to thank Henry for his Board service and significant contributions to Energy Vault. As an earlier stage investor in Energy Vault, Henry and the Helena team played a significant role as the company scaled its operations into our public listing on the NYSE last year, both as investor and strategic partner supporting our growth. Helena’s global network of investors and partners continue to support Energy Vault and our technology adoption as we execute on our collective mission to decarbonize the planet.”
About Energy Vault
Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short and long duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s EVx™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.
Forward-Looking Statements
This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “ anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the impact of health epidemics, including the COVID-19 pandemic, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.
Investors:
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DUBLIN--(BUSINESS WIRE)--The "Research Report on China's Liquefied Natural Gas (LNG) Import 2023-2032" report has been added to ResearchAndMarkets.com's offering.
Liquefied Natural Gas (LNG) is recognized as one of the cleanest fossil energy sources on the planet, with a volume of about one six hundredth of its gaseous form.
With the global economy gradually moving towards low-carbon and environmental protection, the LNG market size has grown rapidly in recent years. China has insufficient local LNG reserves and therefore needs to import a large amount of LNG every year.
In 2021, China's LNG imports reached 78,789,500 tons, up 18.13% year-on-year, with an import value of US$44.075 billion, up 89.64% year-on-year. According to the publisher's analysis, from January to October 2022, China imported 50,505,300 tons of LNG, down 21.60% year-on-year, and imported US$40.817 billion, up 34.28% year-on-year, due to the COVID-19 outbreak.
The publisher's analysis, from 2018-2022, the average price of China's LNG imports generally shows a decreasing trend followed by an increasing trend. From 2018-2020, the average price of China's LNG imports decreases continuously, from US$499.09 per ton in 2018 to US$348.47 per ton in 2020.
From 2020-2022, the average price of China's LNG imports increases continuously. In 2021, the average price of China's LNG imports is US$559.41 per ton, an increase of 60.53% y-o-y. In January-October 2022, the average price of China's LNG imports is US$808.17 per ton, an increase of 71.26% y-o-y.
In 2021, China imports LNG from a total of 27 countries. The publisher's analysis shows that by import volume, Australia, Qatar, the US, Malaysia and Indonesia are the main sources of LNG imports into China.
Australia is the largest Chinese LNG importer, and in 2021, China imports 31,102,400 tons of LNG, accounting for 39.48% of total LNG imports in that year, with an import value of US$16,301 million, or 36.98% of total imports.
With China's investment in clean energy on the rise and limited room for growth in domestic LNG production, The publisher expects China's LNG imports to continue to rise over the 2023-2032 period.
Topics covered:
Key Topics Covered:
1. 2018-2022 China's LNG Import Analysis
1.1. China's LNG Import Scale
1.1.1. China's LNG Import Volume
1.1.2. China's LNG Import Value
1.1.3. China LNG Import Price
1.1.4. China's Apparent LNG Consumption
1.1.5. China's LNG Import Dependence
1.2. China's Main Sources of LNG Imports
1.2.1. By Import Volume
1.2.2. By Import Value
2. 2018-2022 China LNG Import Analysis by LTA
2.1. Import Volume
2.2 Import Value
2.3. Import Price
2.4. Import Sources
2.4.1. By Import Volume
2.4.2. By Import Value
3. 2018-2022 China Short Contract/Spot LNG Import Analysis
3.1. Import Volume
3.2. Import Value
3.3. Import Price
3.4 Import Sources
3.4.1. By Import Volume
3.4.2. By Import Value
4. 2018-2022 China's Main Import Sources Analysis
4.1. Australia
4.2. Qatar
4.3. United States
4.4. Malaysia
4.5. Indonesia
4.6. Other Import Sources
5. China's LNG Import Outlook 2023-2032
5.1 Factors Affecting China's LNG Imports
5.1.1 Favorable Factors
5.1.2. Unfavorable Factors
5.2. China's LNG Import Forecast, 2023-2032
5.2.1 Import Volume Forecast
5.2.2. Forecast of Major Import Sources
For more information about this report visit https://www.researchandmarkets.com/r/ul4zbh
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HOUSTON--(BUSINESS WIRE)--Rock Hill Capital (“Rock Hill”) is pleased to announce that its portfolio company, KV Power, LLC (“KV Power” or the “Company”), led by Founder and CEO, Bryan Hoffman, has completed a recapitalization and partnership with Warren Equity Partners (“Warren Equity”).
“We have enjoyed significant growth during our partnership with Rock Hill and look forward to further expansion with Warren Equity as our partners,” stated Bryan Hoffman. “We see opportunities to expand into new service lines and geographies serving our diversified utility customers,” he continued.
“It has been a pleasure to be partners with Bryan and the team at KV Power. Both Rock Hill and Bryan share the same goal of continuous growth while providing ever improving service to our customers, and we are excited to remain involved with the Company moving forward. We believe Warren Equity is the ideal partner to accelerate growth and enhance value for KV’s stakeholders,” said Randall B. Hale, Founder and Managing Director of Rock Hill.
Following the closing of the recapitalization, KV Power completed the acquisition of Station Electric (“Station”) based in California. Regarding the acquisition, Mr. Hoffman commented, “Station represents a compelling next step in our growth strategy through both acquisitions and organic growth and provides new opportunities to capitalize on KV Power’s existing expertise.”
Piper Sandler & Co. served as the exclusive financial advisor and Winston & Strawn, LLP provided legal representation to KV Power. Romanchuk & Co. served as the exclusive financial advisor to Station Electric.
About KV Power
KV Power, founded in 2012 by Bryan Hoffman, is a complete electrical infrastructure solutions company focused principally on the electrical transmission infrastructure, distribution, substation and electrical automation & instrumentation services to utilities and infrastructure owners. Additional information on KV Power’s offerings can be found at www.kv-p.com.
About Station Electric
Station Electric, based in California, is a general engineering contractor specializing in substation construction that has experience with aerial and overhead, underground, transition, distribution and generation projects. Additional information about Station can be found at www.stationelectric.com.
About Rock Hill Capital
Rock Hill Capital, founded in 2007 and headquartered in Houston, Texas, is a private equity firm that invests in small-to-lower middle market companies located in the South and Southeast United States. Rock Hill focuses on companies in the industrial products and services industries. Take a deeper look at Rock Hill Capital and what makes our investments successful by visiting www.rockhillcap.com.
Rock Hill Capital
Ryan Shelton
713.715.7512
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KV Power
Brian Scarborough
432.523.2046
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DUBLIN--(BUSINESS WIRE)--The "Global Marine Electronics Market 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The marine electronics market and is forecast to grow by $1765.93 mn during 2022-2027, accelerating at a CAGR of 5.64% during the forecast period. The publisher's report on the marine electronics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in the adoption of GPS systems, a growing focus on improving marine transportation safety, and a rise in seaborne trade.
The publisher's marine electronics market is segmented as below
By Component
By Product
By Geographical Landscape
This study identifies the increasing deployment of UUVs as one of the prime reasons driving the marine electronics market growth during the next few years. Also, the growing use of passive radars and developments in SAS technology will lead to sizable demand in the market.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The publisher's report on the marine electronics market covers the following areas:
The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading marine electronics market vendors that include Adrie Marine Electronics Solutions Pvt. Ltd., Elcome International LLC, Furuno Electric Co. Ltd., Garmin Ltd, Icom America Inc., Japan Radio Co. Ltd., Johnson Outdoors Inc., Kongsberg Gruppen ASA, Kraken Robotics Inc., Marine Electronics, Navico, Neptune Sonar Ltd., Northrop Grumman Corp., R2SONIC Inc., Raytheon Technologies Corp., Sound Metrics Corp., SRT Marine Systems Plc, Teledyne Technologies Inc., thyssenkrupp AG, and Ultra Electronics Holdings Plc. Also, the marine electronics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The publisher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Executive Summary:
The publisher recognizes the following companies as the key players in the global marine electronics market: Adrie Marine Electronics Solutions Pvt. Ltd., Elcome International LLC, Furuno Electric Co. Ltd., Garmin Ltd, Icom America Inc., Japan Radio Co. Ltd., Johnson Outdoors Inc., Kongsberg Gruppen ASA, Kraken Robotics Inc., Marine Electronics, Navico, Neptune Sonar Ltd., Northrop Grumman Corp., R2SONIC Inc., Raytheon Technologies Corp., Sound Metrics Corp., SRT Marine Systems Plc, Teledyne Technologies Inc., thyssenkrupp AG, and Ultra Electronics Holdings Plc.
Commenting on the report, an analyst from the publisher said: 'The latest trend gaining momentum in the market is increasing deployment of UUVs.'
According to the report, one of the major drivers for this market is the increase in the adoption of GPS systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/awtxao
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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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This demonstration marks the first installation of NEXT’s photovoltaic window technology on a building
VENTURA, Calif.--(BUSINESS WIRE)--NEXT Energy Technologies has installed windows that are generating solar power at Patagonia’s corporate headquarters, marking the first time NEXT’s window technology is being demonstrated on a building and furthering Patagonia’s commitment to using business to implement solutions to the environmental crisis.
NEXT developed a proprietary transparent photovoltaic (PV) coating that transforms commercial windows into energy-generating windows. Patagonia, the outdoor apparel company based in Ventura, worked with NEXT to install 22 of the windows on the south-facing facade of the Olive Building on Patagonia’s main campus. The building houses offices, an employee gym and climbing wall. The windows are a production demonstration of how NEXT’s transparent solar technology can be seamlessly integrated into commercial buildings to generate electricity to power the building and alleviate strain on the grid.
NEXT’s windows installed at Patagonia deliver dedicated power to the building for charging phones and other devices while employees use the community spaces. Employees also have access to proprietary metrics with real-time power output and charging information to inform users of the benefits of the windows.
Partners in Creating Better Buildings for Tomorrow
NEXT estimates that its windows are capable of producing 20-30% of the power produced by conventional solar panels alone. However, by leveraging the underutilized surface area of the building facade, as opposed to isolated rooftops, NEXT’s windows have the potential to produce significant onsite renewable power, offsetting anywhere from 10-40% of a typical commercial building’s energy load. The windows also capture and convert infrared light, which reduces the building’s heat load and further alleviates the existing strain on a building’s power infrastructure.
“Deploying this technology with Patagonia, one of the most respected brands in sustainability, is a huge milestone for us. It demonstrates Patagonia’s commitment to leading by example on climate change and shines a light on innovations that can help commercial buildings achieve net-zero energy and sustainability goals,” said Daniel Emmett, CEO and co-founder of NEXT Energy Technologies. “We’re grateful for the opportunity to collaborate with Patagonia to demonstrate our technology in action and share the numerous benefits to building owners, developers and occupants, including reduced operating expenses, increased building value, improved building resilience, relieved pressure and reliance on the grid, and reduced carbon footprint.”
“Global building stock is expected to double by 2060, and if transparent PV windows can be deployed widely on buildings during this timeframe, they have the potential to reduce GHG emissions from the built environment by over 1 gigaton per year, a huge opportunity for climate impact,” Emmett continued.
“We’ve been using solar power at our headquarters in Ventura since 2005 and at our Reno Distribution Center since 1996,” said Corley Kenna, head of Communications and Public Policy at Patagonia. “We rely on 100% renewable electricity for our owned and operated facilities in the United States and 76% globally, achieved through on-site and off-site installations. We have funded more than 1,000 solar arrays on homes across the U.S. and have helped install more than 600 kilowatts of solar power globally to support agriculture. Finding better ways of doing business is something we always strive to do and we’re pleased to partner with NEXT Energy to help us be a more responsible company.”
Printing Photovoltaic Film
Partners on this project include Walters & Wolf, who designed, fabricated, and installed the glazing system integrating NEXT’s energy-harvesting windows. The glass fabricator of the module units was performed by SolarFab, a division of GlassFab Tempering Services. NEXT’s windows are created by printing a transparent photovoltaic coating directly onto architectural glass. The coating is then sealed behind a secondary sheet of glass and subsequently integrated into a traditional glazing system which carries cables that deliver renewable energy to be used onsite in the building.
“We spent years of R&D to design façade systems for Building Integrated Photovoltaics (BIPV). The dream of a seamless plug and play BIPV façade is a reality, we are all very excited for the possibilities,” said Shiloh Kocelj, BIPV Director of Walters & Wolf.
This installation is the first time that NEXT has demonstrated its technology on the facade of a building. This project follows the demonstration of three other freestanding facade units containing the window technology, one each in Santa Barbara, CA, Fremont, CA, and Paris, France. For more information on the installation, please visit NEXT’s website at www.nextenergytech.com.
About NEXT Energy Technologies, Inc.
NEXT Energy Technologies is a Santa Barbara, California company developing transparent photovoltaic window technology that allows architects and building owners to transform windows and glass facades into producers of low-cost, on-site, renewable energy for buildings. NEXT's technology is enabled by proprietary organic semiconducting materials that are earth-abundant, low-cost, and are coated as an ink in a high-speed, low-cost, and low energy process. For more information, visit www.nextenergytech.com.
About Patagonia
We’re in business to save our home planet. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. As a certified B Corporation and a founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism, as well as its contributions of nearly $200 million to environmental organizations. Its unique ownership structure reflects that Earth is its only shareholder: Profits not reinvested back into the business are paid as dividends to protect the planet.
James Conway | This email address is being protected from spambots. You need JavaScript enabled to view it. | 104 West for NEXT Energy Technologies
J.J Huggins | This email address is being protected from spambots. You need JavaScript enabled to view it. | Patagonia
DUBLIN--(BUSINESS WIRE)--The "Research Report on Southeast Asia Shipbuilding Industry 2023-2032" report has been added to ResearchAndMarkets.com's offering.
The development of shipbuilding industry in Southeast Asian countries varies greatly. According to the publisher's analysis, the shipbuilding industries in the Philippines and Vietnam are developing fast and have taken shape.
The Philippine shipbuilding industry has grown rapidly in recent years and is among the world's fourth largest shipbuilding countries. As the scale and number of shipyards in the Philippines increase in the future, its shipbuilding capacity will continue to improve. Indonesia, Malaysia, Thailand, Cambodia and Myanmar are still relatively weak in shipbuilding, as the tonnage of ships manufactured in these countries is relatively small.
Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.
According to the publisher's analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021.
The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021.
The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.
Overall, the market size of the shipbuilding industry in Southeast Asian countries has shown an upward trend in recent years, especially in Vietnam and the Philippines, where sustained economic growth, industrial and supporting industrial chain development have promoted the development of their shipbuilding industry.
According to the publisher's forecast, the shipbuilding industry in Southeast Asia will maintain growth from 2022-2032. On the one hand, the lower labor costs in Southeast Asian countries will prompt global shipbuilders to shift production capacity to these regions.
On the other hand, the transportation demand brought by the economic development of Southeast Asia will also prompt global shipbuilders to increase their exports or investments to these countries.
Topics covered:
Industry Outlook 2023-2032
Analysis of the Southeast Asia Shipbuilding Industry
Countries Covered
For more information about this report visit https://www.researchandmarkets.com/r/n6lh4z
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BETHESDA, Md.--(BUSINESS WIRE)--#Bioenergy--Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainably sourced woody biomass, today announced the appointments of a Chief Commercial Officer, Chief Sustainability Officer, Chief Administrative and People Officer, and General Counsel.
As the demand for reliable, dispatchable, and renewable alternatives to displace fossil fuels and secure a stable energy transition continues to increase, Enviva remains steadfast in its commitment to sustainably grow and scale its manufacturing and customer footprints.
To better ensure the success of its commercial growth trajectory, Enviva has appointed John-Paul Taylor to Chief Commercial Officer. Taylor joined Enviva as Vice President, Optimization and Origination in February 2014 and most recently served as Senior Vice President of Sales and Fulfillment. Taylor has been instrumental in the company’s growth by working with Enviva’s customers to lower their dependence on coal and other fossil fuels. As Enviva enters new markets across the globe, Taylor will lead the effort to explore additional applications for sustainable woody biomass, particularly in hard-to-abate industrial sectors and sustainable biofuels.
With sustainability at the core of Enviva’s mission, Enviva has appointed Brandi Colander as Chief Sustainability Officer to maintain and enhance its role as an industry leader in sustainability and environmental stewardship. This function operates as an integral strategic partner throughout the Enviva enterprise. Colander joins the organization with extensive policy, sustainability, and external affairs experience. Prior to joining Enviva, Colander’s accomplishments spanned from leading the enterprise sustainability portfolio at WestRock as Chief Sustainability Officer, to serving as Associate Vice President, Natural Resources and Energy at the National Wildlife Federation, to serving as a Deputy Assistant Secretary for land and minerals management at the United States Department of the Interior. She has also served as Deputy General Counsel for the White House Council on Environmental Quality within the Executive Office of the President and as an attorney at the Natural Resources Defense Council.
Additionally, Enviva has announced the appointment of Roxanne Klein to Chief Administrative and People Officer. In her new role, she will assume responsibility for a variety of corporate and administrative functions in addition to overseeing the human resources function.
Finally, after close to a decade serving on, and ultimately leading, Enviva’s legal team under Bill Schmidt, Jason Paral has been appointed General Counsel and will maintain his role as Secretary. Throughout his tenure at Enviva, Paral has held positions of increasing responsibility and closely supported the other members of the executive team and our board of directors through major transactions, our corporate conversion at year-end 2021, and many other key milestones. Schmidt is stepping down from his role as Executive Vice President, Corporate Development and General Counsel at Enviva to pursue other endeavors. During the transition, Schmidt will remain a key leader in advising the team and will oversee select strategic initiatives.
"Enviva has been a leader in the sustainable biomass business for 18 years and I strongly believe that our growth outlook has never been brighter as Enviva continues to play an increasingly valuable and important role in the energy transition," said Thomas Meth, co-founder, President, and Chief Executive Officer of Enviva. "In order to achieve our ambitious growth goals both internationally and domestically, which include doubling Enviva’s size over the next several years, we need strategic and results-driven leadership from the top down and I have full confidence in the appointment of these new, highly talented officers."
For more information on Enviva’s executive management team, visit our website, here.
About Enviva
Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant in Epes, Alabama. Enviva is planning to commence construction of its 12th plant, near Bond, Mississippi, in early 2023. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with primarily creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
To learn more about Enviva, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.
Cautionary Note Concerning Forward-Looking Statements
The information included herein and in any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included herein, including those regarding Enviva’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans, and objectives of management are forward-looking statements. When used herein, including any oral statements made in connection herewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms, and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Enviva disclaims any duty to revise or update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date hereof. Enviva cautions you that these forward-looking statements are subject to risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Enviva. These risks include, but are not limited to: the volume and quality of products that we are able to produce or source and sell, which could be adversely affected by, among other things, operating or technical difficulties at our wood pellet production plants or deep-water marine terminals; the prices at which we are able to sell our products; the creditworthiness of our contract counterparties; the amount of low-cost wood fiber that we are able to procure and process, which could be adversely affected by, among other things, disruptions in supply or operating or financial difficulties suffered by our suppliers; changes in domestic and foreign laws and regulations (or the interpretation thereof) related to renewable or low-carbon energy, the forestry products industry, the international shipping industry, or power, heat, or combined heat and power generators; changes in leadership plans and strategies; overall domestic and global political and economic conditions; and other factors, as described in Enviva’s filings with the Securities and Exchange Commission (the “SEC”), including the detailed factors discussed under the heading “Risk Factors” in Enviva’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as supplemented in the Company’s Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, June 30, and September 30, 2022.
Should one or more of the risks or uncertainties described herein and in any oral statements made in connection therewith occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Enviva’s expectations and projections can be found in Enviva’s periodic filings with the SEC. Enviva’s SEC filings are available publicly on the SEC’s website at www.sec.gov.
To learn more about Enviva please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.
INVESTOR CONTACT:
Kate Walsh
Vice President, Investor Relations
+1 240-482-3856
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MEDIA CONTACT:
+1-301-657-5560
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OSLO, Norway--(BUSINESS WIRE)--Yara Clean Ammonia (YCA) signs Memorandum of Understanding (MOU) with Japanese company JERA Co. Inc. to decarbonize coalfired powerplant and develop blue ammonia production in the US Gulf.
Yara Clean Ammonia has been successfully nominated as a potential supplier in JERA’s tender to supply up to 500 kilotons (kt) of clean ammonia to the Hekinan Thermal Power Plant Unit 4. This is JERA’s first commercial scale co-firing project.
“I’m very pleased that Yara and JERA are signing a MOU for the joint project development, sales, and purchase of clean ammonia. Yara has the capacity to produce and ship clean ammonia all over the world and we are a reliable, safe, and long-term supplier. We are highly committed to this partnership and look forward to joining forces with JERA to drive the transformation to a net-zero world”, says CEO of Yara International, Mr. Svein Tore Holsether.
The two companies also plan to collaborate on blue ammonia production in the US Gulf and to produce more than 1 million metric tons per annum (mtpa).
“I’m happy to see that we’ve developed a close relationship with JERA since our first MOU in May 2021. Our collaboration has developed deeply, and I am proud that Yara Clean Ammonia has been selected as the reliable supplier to JERA's first world scale co-firing project in Hekinan, Japan. Both companies are committed to scaling up clean energy sources and we are looking forward to partner with JERA in developing blue ammonia production in the US Gulf”, says President of Yara Clean Ammonia, Mr. Magnus Krogh Ankarstrand.
In the MOU, Yara Clean Ammonia and JERA have agreed to jointly study the viability to collaborate in the following areas:
“We are pleased to work together with Yara on this significant journey towards decarbonizing the industry, and I am confident that Yara will take an important role in establishing a new clean fuel ammonia value chain which JERA seeks, through its experience in the operation throughout the ammonia supply chain from the production to transportation and storage in the existing market. JERA will continue its own efforts as well as to take hands with our partners in pursuit of our endeavour to realize and accelerate not only the decarbonization of the Japanese energy industry but also to solve the energy-related issues that the world is facing”, says Corporate Vice President in JERA, Mr. Yukio Kani.
About Yara Clean Ammonia
Yara grows knowledge to responsibly feed the world and protect the planet. Yara Clean Ammonia is uniquely positioned to enable the hydrogen economy in a market expected to grow substantially over the next decades. We aim at significantly strengthening our leading global position as the world’s largest ammonia distributor, unlocking the green and blue value chains, and driving the development of clean ammonia globally.
Building on Yara’s leading experience within global ammonia production, logistics and trade, Yara Clean Ammonia works towards capturing growth opportunities in low-emission fuel for shipping and power, carbon-free food pro-duction and ammonia for industrial applications.
Yara Clean Ammonia operates the largest global ammonia network with 12 ships and has access to 18 ammonia terminals and multiple ammonia production and consumption sites across the world, through Yara. Revenues and EBITDA for the last 12 months were USD 4,111 million and USD 198 million respectively as per Q3 2022. Yara Clean Ammonia is headquartered in Oslo, Norway
For more details: www.yaracleanammonia.com
About JERA
Established in 2015, JERA is an equal joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company and produces about 30% of all electricity in Japan. JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. JERA, which stands for Japan’s Energy for a New Era, will take on the challenge of achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is supporting an energy transition in an environmentally and socially responsible manner.
For more details: https://www.jera.co.jp/english/
Hilde Steinfeld
Communications Director, Yara Clean Ammonia
Mobile: +47 99 35 30 30
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Yu Komatsu
Director for Asia, Yara Clean Ammonia
Office phone: +65 6309 5639
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HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today the execution of a 15-year sale and purchase agreement (SPA) with Itochu Corporation (Itochu) for the supply of liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG (RGLNG) export project in Brownsville, Texas.
Under the SPA, ITOCHU will purchase 1.0 million tonnes per annum of LNG indexed to Henry Hub on a free-on-board basis.
"We are honored to have Itochu Corporation as our first Japanese customer," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. “We look forward to providing Itochu and their customers with LNG, and we are actively working to reduce the carbon footprint of the Rio Grande LNG facility through our proposed carbon capture and storage project.”
NextDecade is currently targeting a positive Final Investment Decision (FID) on the first three trains of the RGLNG export project during the first quarter of 2023, with FIDs of its remaining trains to follow thereafter.
About NextDecade Corporation
NextDecade Corporation is an energy company accelerating the path to a net-zero future. Leading innovation in more sustainable LNG and carbon capture solutions, NextDecade is committed to providing the world access to cleaner energy. Through our wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, we are developing a 27 MTPA LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. We are also working with third-party customers around the world to deploy our proprietary processes to lower the cost of carbon capture and storage and reduce CO2 emissions at their industrial-scale facilities. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design,” “assume,” “budget,” “guidance,” and “forecast” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on assumptions and analysis made by NextDecade in light of current expectations, perceptions of historical trends, current conditions and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include NextDecade’s progress in the development of its LNG liquefaction and export projects and CCS projects and the timing of that progress; the timing of achieving a final investment decision on the Rio Grande LNG terminal (the “Terminal”); reliance on third-party contractors to successfully complete the Terminal, the pipeline to supply gas to the Terminal and any CCS projects; ability to develop NCS’ business though implementation of CCS projects; ability to secure additional debt and equity financing in the future to complete the Terminal and CCS projects on commercially acceptable terms; accuracy of estimated costs for the Terminal and CCS projects; ability to achieve operational characteristics of the Terminal and CCS projects, when completed, including liquefaction capacities and amount of CO2 captured and stored, and any differences in such operational characteristics from expectations; development risks, operational hazards and regulatory approvals applicable to NextDecade's development, construction and operation activities and those of its third-party contractors and counterparties; technological innovation which may lessen NextDecade's anticipated competitive advantage or demand for its offerings; global demand for and price of LNG; availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG and CCS industries, including environmental laws and regulations that impose significant compliance costs and liabilities; scope of implementation of carbon pricing regimes aimed at reducing greenhouse gas emissions; global development and maturation of emissions reduction credit markets; adverse changes to existing or proposed carbon tax incentive regimes; global pandemics, including the 2019 novel coronavirus pandemic, the Russia-Ukraine conflict, other sources of volatility in the energy markets and their impact on NextDecade's business and operating results, including any disruptions in its operations or development of the Terminal and the health and safety of its employees, and on its customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of our securities on the Nasdaq Capital Market or another securities exchange or quotation medium; changes adversely affecting the businesses in which NextDecade is engaged; management of growth; general economic conditions; ability to generate cash; and the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. Additionally, any development of the Terminal or CCS projects remains contingent upon completing required commercial agreements, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.
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Latest report highlights how lessened demand for goods from Asia has continued to reduce port congestion, resulting in an average eight-day decrease in total time from booking to receipt compared to the year-ago period.
AUSTIN, Texas--(BUSINESS WIRE)--#connectedsupplychain--E2open Parent Holdings, Inc. (NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, today released the Q4 2022 edition of its Ocean Shipping Index, a quarterly report that offers data-driven insights to better manage the movement of goods around the globe and on key lanes between Asia, North America, and Europe.
The e2open Ocean Shipping Index Q4 2022 Report shows that as of January 1, 2023, it takes a company an average of 63 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey. This is a dramatic eight-day global average decline from the same quarter last year.
Based on information from e2open’s business network, encompassing 420,000 connected enterprises managing 13.5 billion transactions and tracking 71 million containers annually, the e2open Ocean Shipping Index provides a data-driven reference for shippers to understand how long it takes to move goods internationally as well as the factors that contribute to observed delays. Companies can use this data to make informed decisions on when to book ocean freight.
Key findings from the latest e2open Ocean Shipping Index include:
“While it is the most cost-effective transportation mode, ocean shipping has been in a constant sea of change. A company’s constrained ability to predict the impact of external factors like shifting transit times, port congestion, and capacity fluctuations has complicated once-simple ocean shipping,” said Pawan Joshi, executive vice president, products and strategy, for e2open. “The latest edition of the index highlights ongoing changes and provides valuable insights on global shipping lane trends. Incorporating these insights and trends at the moment of decision-making is key to unlocking immediate value and supporting resiliency across the end-to-end supply chain.”
The e2open Ocean Shipping Index is unique because it captures booking information at the start of the logistics timeline to provide a better view of total shipment time. This report is one of several benchmark reports available from e2open to help companies navigate increasingly complex global supply chains.
View the latest e2open Ocean Shipping Index at e2open.com.
About e2open
E2open is the connected supply chain software platform that enables the world’s largest companies to transform the way they make, move, and sell goods and services. With the broadest cloud-native global platform purpose-built for modern supply chains, e2open connects more than 400,000 manufacturing, logistics, channel, and distribution partners as one multi-enterprise network tracking over 13 billion transactions annually. Our SaaS platform anticipates disruptions and opportunities to help companies improve efficiency, reduce waste, and operate sustainably. Moving as one.™ Learn More: www.e2open.com.
E2open and “Moving as one.” are the registered trademarks of E2open, LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.
Media Contact:
5W PR for e2open
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718-757-6144
Investor Contact:
Adam Rogers
AVP Investor Relations, e2open
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515-556-1162
Corporate Contact:
Kristin Seigworth
VP Communications, e2open
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CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, plans to release its first quarter fiscal 2023 financial results before the opening of the New York Stock Exchange on Thursday, January 26, 2023. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary.
To access the webcast, please visit the investor relations section of the Company's website: http://www.marinemax.com. The online replay will be available within one hour of the conclusion of the call and will be archived on the website for one year.
The live call also can be accessed by dialing 877-407-0789 (U.S. and Canada) or 201-689-8562 (International) and entering Conference ID 13734894.
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts, and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 125 locations worldwide, including 78 retail dealership locations, some of which include marinas. Collectively, with the IGY acquisition, MarineMax owns or operates 57 marinas worldwide. Through Fraser Yachts and Northrop & Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also owns Boatyard, an industry-leading customer experience digital product company. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit www.marinemax.com.
Investors:
Mike McLamb
Chief Financial Officer
MarineMax, Inc.
727-531-1700
Scott Solomon or Laura Resag
Sharon Merrill Associates, Inc.
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Media:
Katherine Cooper
Director of Communications
MarineMax, Inc.
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ESS technology to enable air-side electrification and advance sustainability strategy at major European air transport hub
WILSONVILLE, Ore. & AMSTERDAM--(BUSINESS WIRE)--ESS Inc. (“ESS”) (NYSE:GWH), a leading manufacturer of long-duration energy storage systems for commercial and utility-scale applications, will deliver its iron flow battery solution to Amsterdam Airport Schiphol, the second largest airport in mainland Europe, in Q1 2023. The Energy Warehouse will be used in a pilot to enable the retirement of polluting diesel generators in the future as part of Schiphol Airport’s ambitious sustainability plan. Schiphol is to be a zero-waste and emission-free airport in 2030.
A pilot will be carried out with the Energy Warehouse to recharge Electric Ground Power Units (E-GPU). E-GPUs are batteries which will replace the diesel ground power units currently used to supply electrical power to aircraft when parked at the airport. ESS’ solution was selected for its superior environmental and safety performance - ESS’ safe and nontoxic iron flow batteries pose no fire or explosion risk which makes them safe for use in close proximity to passenger aircraft.
“The decarbonization of air travel is crucial and Schiphol is leading the way,” said Alan Greenshields, ESS director Europe. “We are proud to partner with a leading airport operator to demonstrate and pilot the key role that long-duration energy storage will play in helping to decarbonize airport operations and reduce ground level emissions, improving air quality for airport and airline employees and passengers.”
“We hope that the partnership with ESS enables Schiphol to advance our electrification and decarbonization strategy,” said Oscar Maan, Royal Schiphol Group manager of innovation. “If this pilot is successful, this is a double win as it both reduces our carbon footprint and reduces air pollution. This pilot will also be part of TULIPS. Royal Schiphol Group is leading the TULIPS consortium, funded by the EU as part of the European Green Deal. The consortium aims to speed up the rollout of sustainable technologies in aviation and significantly contribute towards zero emissions and zero waste at the EU’s 300+ airports by 2030 and climate-neutral aviation by 2050.”
ESS iron flow technology provides cost-effective long-duration energy storage and is ideal for applications that require up to twelve hours of flexible energy capacity. ESS systems provide resilient, sustainable energy storage well-suited for multiple use cases including utility-scale renewable energy installations, remote solar + storage microgrids, solar load-shifting and peak shaving, and other ancillary grid services. ESS technology is safe, non-toxic and has a 25-year design life without capacity fade.
About ESS, Inc.
At ESS (NYSE: GWH), our mission is to accelerate global decarbonization by providing safe, sustainable, long-duration energy storage that powers people, communities and businesses with clean, renewable energy anytime and anywhere it’s needed. As more renewable energy is added to the grid, long-duration energy storage is essential to providing the reliability and resiliency we need when the sun is not shining, and the wind is not blowing.
Our technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing up to 12 hours of flexible energy capacity for commercial and utility-scale energy storage applications. Established in 2011, ESS Inc. enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. For more information visit www.essinc.com.
Forward-Looking Statements
This communication contains certain forward-looking statements regarding ESS and its management team’s expectations, hopes, beliefs, or intentions regarding the future. The words “estimate”, “expect”, “will” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Examples of forward-looking statements include, among others, statements regarding the Company’s ability to execute on orders and the Company’s relationships with third parties. These forward-looking statements are based on ESS' current expectations and beliefs concerning future developments. Many factors could cause actual future events to differ materially. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
ESS Contacts
Investors:
Erik Bylin
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Media:
Morgan Pitts
Director of Corporate Communications
503.568.0755
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Units Will Provide Approximately 2 MW of Reliable Power at Well Sites Across New Mexico
LOS ANGELES--(BUSINESS WIRE)--$CGRN #CleanPower--Capstone Green Energy (NASDAQ:CGRN), announced that Horizon Power Systems, the company’s exclusive Distributor for the Rocky Mountains in the U.S. and Western Canada, has secured an Energy as a Service (EaaS) long-term rental agreement for 30 Capstone C65 microturbines to be installed at 15 new and remote well sites throughout the San Juan Basin in New Mexico. The EaaS contract from this midstream oil and gas company adds to the customer’s current owned fleet of 45 microturbines in operation, the first of which were commissioned in 2015.
The new energy systems feature two high pressure natural gas-fueled microturbines per site and will provide power to Lease Automatic Custody Transfer (LACT) units, which are used to transport crude oil from the production site to a central storage facility. Located throughout the 24,000 square mile basin, the well sites are extremely remote. Power reliability was a key factor in the customer’s continued investment in microturbines, which are known for their efficient performance and low maintenance requirements in addition to their ability to withstand harsh weather conditions.
To ensure the systems maintain peak performance throughout the life of the rental, the customer also signed a Factory Protection Plan (FPP), Capstone’s service program designed to minimize downtime and lock in all maintenance costs.
“Our midstream oil and gas customer knows the dependability of Capstone Green Energy microturbines,” said Sam Henry, President of Horizon Power Systems. “The combination of microturbines’ reliability and low operating costs make them ideal for a long-term rental and Factory Protection Plan. Capital outlay to build and launch 15 new remote well sites can be significant. By entering into an EaaS rental agreement for the microturbines, they will lower capital expenses while still getting the benefits of microturbines.”
“In addition to providing ultra-reliability to these typically remote, unmanned sites, microturbines have the added benefit of producing very low emissions,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “Now that several states are starting to require oil and gas companies to make emissions reductions, microturbines are proving to be an attractive option. Add to that the Capstone’s flexible own or Energy as a Service options, and they become an ideal solution to modern energy challenges.”
About Horizon Power Systems
For over 20 years, Horizon Power Systems has worked exclusively with Capstone Green Energy to provide microturbine systems across the Rocky Mountain States and in Western Canada. It has installed over 1,000 microturbines that have logged millions of documented runtime operating hours. Whether for CHP, trigeneration (CCHP), microgrids, or prime power, the Horizon Power Systems team customizes each microturbine system to meet the customer's unique power and sustainability needs.
About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) is driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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Profitable Production Growth & Cash Generation
Balance Sheet Strengthening & Accelerated Shareholder Returns
BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended December 31, 2022 (“4Q2022”).
All figures are expressed in US Dollars. Growth comparisons refer to the same period of the prior year, except when otherwise specified.
Growing Production in Core Assets and Achieving Guidance
Llanos Basin: Finding More Oil & Extending Production Growth in the CPO-5 Block
Llanos 34 block:
CPO-5 block:
Llanos 87 block (GeoPark operated, 50% WI):
Oriente Basin: New Exploration Success
Espejo block (GeoPark operated, 50% WI):
Putumayo Basin: Drilling Attractive Short-Cycle Prospects
Platanillo block (GeoPark operated, 100% WI):
Fast, Immediate and Aggressive Actions to Minimize Emissions
Powerful Safety Culture
Balance Sheet Strengthening and Accelerated Shareholder Returns
2023 Work Program: Growing Production, Drilling More Wells and Giving Back to Shareholders
Upcoming Catalysts
Breakdown of Quarterly Production by Country
The following table shows production figures for 4Q2022, as compared to 4Q2021:
4Q2022 |
4Q2021 |
|||||||||||||
Total
|
Oil
|
Gas
|
Total
|
% Chg. |
||||||||||
Colombia |
33,749 |
33,686 |
378 |
|
32,002 |
+5% |
||||||||
Ecuador |
1,259 |
1,259 |
- |
|
- |
- |
||||||||
Chile |
2,291 |
489 |
10,810 |
|
2,162 |
+6% |
||||||||
Brazil |
1,134 |
17 |
6,698 |
|
1,822 |
-38% |
||||||||
Argentinab |
- |
- |
- |
|
1,942 |
- |
||||||||
Total (as reported) |
38,433 |
35,451 |
17,886 |
|
37,928 |
+1% |
||||||||
Total (pro forma)c |
38,433 |
35,451 |
17,886 |
|
35,928 |
+7% |
||||||||
a) |
Includes royalties paid in kind in Colombia for approximately 759 bopd in 4Q2022. No royalties were paid in kind in Ecuador, Chile or Brazil. Production in Ecuador is reported before the Government’s production share of approximately 431 bopd. |
b) |
Argentina blocks were divested on January 31, 2022. |
c) |
Pro forma production in 4Q2021 excludes production from divested blocks in Argentina (completed in January 2022). |
Quarterly Production
(boepd) |
4Q2022 |
3Q2022 |
2Q2022 |
1Q2022 |
4Q2021 |
|||||
Colombia |
33,749 |
33,338 |
34,253 |
33,738 |
32,002 |
|||||
Ecuador |
1,259 |
1,194 |
634 |
290 |
- |
|||||
Chile |
2,291 |
2,425 |
2,358 |
2,279 |
2,162 |
|||||
Brazil |
1,134 |
1,439 |
1,695 |
1,815 |
1,822 |
|||||
Argentina |
- |
- |
- |
604 |
1,942 |
|||||
Total a |
38,433 |
38,396 |
38,940 |
38,726 |
37,928 |
|||||
Oil |
35,451 |
34,875 |
35,238 |
34,542 |
33,205 |
|||||
Gas |
2,982 |
3,521 |
3,702 |
4,184 |
4,723 |
a) |
In Colombia, production is shown before royalties paid in kind, and in Ecuador it is shown before the Government’s production share. |
Oil and Gas Production Update
Consolidated:
Oil and gas production in 4Q2022 was 38,433 boepd. Adjusting for divestments in Argentina (completed on January 31, 2022), consolidated oil and gas production increased by 7% compared to 4Q2021, due to higher production in Colombia, Chile and Ecuador, partially offset by lower production in Brazil. Oil represented 92% and 88% of total reported production in 4Q2022 and 4Q2021, respectively.
Colombia:
Average net oil and gas production in Colombia increased by 5% to 33,749 boepd in 4Q2022 compared to 32,002 boepd in 4Q2021, resulting from increased production in the CPO-5 and Platanillo blocks, partially offset by lower production in the Llanos 34 block.
Oil and gas production highlights in GeoPark’s main blocks in Colombia:
Recent Activity in the Llanos and Putumayo Basins
Llanos 34 Block
CPO-5 Block
Llanos 87 Block
Llanos 94 Block (GeoPark non-operated, 50% WI)
Llanos 123 Block (GeoPark operated, 50% WI)
Platanillo Block
Ecuador:
Average net oil production in Ecuador before the Government’s share reached 1,259 bopd in 4Q2022 (828 bopd after the Government’s share).
The Government’s production share varies with oil prices and is approximately 30-40% considering an Oriente crude oil price of $70-100 per bbl.
Espejo block
Chile:
Average net production in Chile increased by 6% to 2,291 boepd in 4Q2022 compared to 2,162 boepd in 4Q2021, resulting from higher oil and flat gas production levels. The production mix was 79% natural gas (vs 83% in 4Q2021) and 21% light oil (vs 17% in 4Q2021).
Brazil:
Average net production in the Manati field in Brazil decreased by 38% to 1,134 boepd in 4Q2022 compared to 1,822 boepd in 4Q2021 due to limited gas demand, combined with the natural decline of the field.
Since late December 2022, net gas production in the Manati gas field has been reduced to 600-1,000 boepd.
The production mix was 99% natural gas and 1% oil and condensate in both 4Q2022 and 4Q2021.
OTHER NEWS
2022 Year-end Reserves Release Date
GeoPark plans to release its 2022 year-end independent reserves certification by the end of January 2023 or early February 2023.
NOTICE
Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.
Certain amounts included in this press release have been rounded for ease of presentation.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION
This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.
Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief, or current expectations, regarding various matters, including expected future financial performance, capital expenditures, expected adjusted EBITDA and free cash flow generation, expected production guidance, drilling activities, demand for oil and gas, oil and gas prices, our work program and investment guidelines, regulatory approvals, reserves, exploration resources, the discretionary share buyback program and shareholder returns. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.
Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).
| _______________________ |
1 Percentages are calculated adjusting for divestments in Argentina in 4Q2021. |
2 Five gross wells were drilled in 2022 and will be completed in 2023. |
3 Number of lost time injuries per million hours worked for both employees and contractors. |
4 Number of recordable injuries per million hours worked for both employees and contractors. |
5 Based on GeoPark’s average market capitalization from October 1, 2022 to January 17, 2023. |
6 Unaudited. |
7 Free cash flow is used here as Adjusted EBITDA less capital expenditures, mandatory interest payments and cash taxes. 2023 cash taxes include GeoPark’s preliminary estimates of the full impact of the new tax reform in Colombia, irrespective of the timing of its cash impact, expected in 2023 or early 2024. The Company is unable to present a quantitative reconciliation of the 2023 Adjusted EBITDA which is a forward-looking non-GAAP measure, because the Company cannot reliably predict certain of the necessary components, such as write-off of unsuccessful exploration efforts or impairment loss on non-financial assets, etc. Since free cash flow is calculated based on Adjusted EBITDA, for similar reasons, the Company does not provide a quantitative reconciliation of the 2023 free cash flow forecast. |
INVESTORS:
Stacy Steimel This email address is being protected from spambots. You need JavaScript enabled to view it.
Shareholder Value Director
T: +562 2242 9600
Miguel Bello This email address is being protected from spambots. You need JavaScript enabled to view it.
Market Access Director
T: +562 2242 9600
Diego Gully This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations Director
T: +5411 4312 9400
MEDIA:
Communications Department
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The energy retailer teams up with Enphase Energy to integrate household solar and batteries in energy plans and create a Virtual Power Plant in Texas
HOUSTON--(BUSINESS WIRE)--Renewable energy retailer Octopus Energy U.S. today announced a new partnership with Enphase Energy, Inc., the world’s leading supplier of microinverter-based solar and battery systems. Octopus Energy customers now have the opportunity to integrate Enphase home solar and battery solutions in their energy plan to unlock low-cost residential energy rates. As part of the agreement, Octopus Energy will be able to flexibly control the customer's battery to reduce usage when the grid is the most constrained and help save customers hundreds of dollars each year.
With Kraken Flex, Octopus Energy’s proprietary software platform for managing, controlling, and optimizing Distributed Energy Resources (DERs), Octopus Energy plans to create a Virtual Power Plant with the Enphase home battery systems, and will be bidding these DERs in the Electric Reliability Council of Texas (ERCOT) ancillary markets, a first of its kind for these assets. Octopus Energy can optimize how a customer’s battery interacts with the electric grid through Intelligent Octopus, its smart device retail energy plan, customers can access the cheapest retail rates.
As Octopus Energy expands its retail energy presence to states outside of Texas, Octopus Energy hopes to take advantage of this partnership, which both reduces costs for customers and promotes a cleaner grid.
“Our partnership with Enphase Energy is a critically important step as we accelerate the renewable energy transition across the U.S. Load flexibility creates enormous value in high-renewable energy grids and energy retailers have a unique ability to customize electric rates for customers, so this a perfect opportunity to integrate the value of demand response into a retail product to create the cheapest rates for customers. Retailers have the opportunity to lead the energy transition by combining customer-centric product offerings, modern technology, and rate-making authority to create products that lower costs and truly lower carbon,” said Michael Lee, CEO of Octopus Energy U.S. “We look forward to working with Enphase Energy as we grow a wide variety of low cost and innovative rates to decarbonize our electric grid.”
"We are pleased to partner with Octopus Energy to bring home solar and batteries to homeowners in Texas, helping them better manage their electricity costs and creating a more resilient energy system for everyone,” said Dave Ranhoff, Chief Commercial Officer at Enphase Energy. “Our partnership is just beginning. We look forward to expanding to new markets with world-class products and services to advance a more sustainable future together.”
Octopus Energy and Enphase’s partnership comes as policymakers around the globe look to leverage emerging technologies to hasten the shift to renewables, as well as eliminate barriers to clean energy growth. With Enphase Energy, Octopus Energy will enable customers to optimize their home energy system around easy participation in ancillary markets and demand response programs for immediate savings.
This is the latest step in Octopus Energy’s mission to enable a smarter, greener future across the globe. One of the most awarded energy companies in the United Kingdom, where the company was founded five years ago, Octopus Energy entered the U.S. market in 2020. In 2022, the retailer launched Octopus Electric Vehicles, its integrated demand response EV leasing plan that accelerates accessibility and adoption of EVs and smart charging, as well as Intelligent Octopus, a smart demand response plan which lowers electric rates by up to 30 percent just by allowing Octopus to automate smart charging for the customer.
To learn more about Octopus Energy, visit octopusenergy.com.
To learn more about Enphase, visit https://enphase.com/.
About Octopus Energy
Octopus Energy Group is a technology-driven, renewable energy retailer, directly supplying over 3.2 million customers globally with 100% green electricity at a cheaper price and with a focus on incredible customer service. Founded six years ago as a global energy retailer, Octopus Energy entered the U.S. market in 2020, forming Octopus Energy U.S. and fueling the company’s global expansion. Octopus Energy is valued at nearly $5 billion and is one of energy-tech’s fastest-growing private companies. To learn more, visit: www.octopusenergy.com.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped more than 52 million microinverters, and over 2.7 million Enphase-based systems have been deployed in more than 145 countries. For more information, visit https://www.enphase.com and follow the company on Facebook, LinkedIn and Twitter.
Octopus Energy
Oluwatona Campbell
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CALGARY, Alberta--(BUSINESS WIRE)--(TSE: IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president, investor relations, Imperial Oil Limited, will host a 2022 Fourth Quarter Earnings Call on Tuesday, January 31, following the company’s fourth quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.
During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts.
Please click here [https://globalmeet.webcasts.com/starthere.jsp?ei=1588798&tp_key=da53842272] to register for the live webcast. The webcast will be available for one year on the company’s website at www.imperialoil.ca/en-ca/company/investors.
In the event that the EDGAR system experiences technical difficulties or the company is unable to successfully complete its Form 8-K earnings press release filing at the intended time, investors and the public should look for this information at that time on Imperial’s website or on Canada’s SEDAR system at www.sedar.com. In case of a failed filing, the company intends to furnish the information on EDGAR as soon as possible.
Source: Imperial
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Investor relations
(587) 476-4743
Media relations
(587) 476-7010
SEOUL, South Korea--(BUSINESS WIRE)--#CARBONCO--CARBONCO, a company specializing in decarbonization solutions established by DL E&C Co., Ltd (DL ENGINEERING & CONSTRUCTION) (KRX: 375500), signed a memorandum of understanding (MOU) with Saudi Arabia's Saline Water Conversion Corporation (SWCC) on January 17th, 2023 in Riyadh, the capital of Saudi Arabia, on the Carbon Capture Utilization and Storage (CCUS) Project.
SWCC is an affiliated organization under the Saudi government and operates the world's largest seawater desalination facility. It is also the second largest electricity producer in Saudi Arabia. Through its research center, SWCC is leading carbon reduction projects in the field of seawater desalination and power generation using renewable energy in Saudi Arabia.
CARBONCO and SWCC have agreed to cooperate on the adoption of CCUS technology, which captures carbon from power plants operated by SWCC and utilizes it in the seawater desalination post-treatment process. Both parties plan to collaborate across the CCUS business development, including commercial CCUS plant construction, based on business feasibility analysis and basic design research for the application of CCUS technology. Furthermore, the two companies will carry out joint research on various CCUS projects which encompass biological and chemical conversion, mineralization, and storage of carbon that are feasible in Saudi Arabia.
Tariq Al Ghaffari, General Manager of SWCC Local Competence Projects Department said, "SWCC is working on the seawater desalination project using renewable energy to take the initiative in realizing Saudi Arabia's VISION 2030."
“CARBONCO is committed to advancing CCUS technology to apply it to diverse fields, while striving to provide total solutions for CCUS” explained Jae-hyung Yoo, Chief Executive, Business Development Office, CARBONCO. “If CARBONCO’s CCUS technology is applied to the seawater desalination process, it will become a tailored solution for carbon neutrality in Saudi Arabia.”
Meanwhile, CARBONCO was the only Korean company invited to the EVOLVE 2023 forum hosted by SWCC to exchange vision and technology for Saudi Arabia's seawater desalination project.
DL E&C established CARBONCO last August as a company specializing in the CCUS business in an attempt to expand its eco-friendly decarbonization business. CARBONCO is conducting a green developer business which includes hydrogen and ammonia business as well as CCUS.
CARBONCO Pte. Ltd
Jung, Sunghoon
+82-2-2096-6810
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DL E&C Co., Ltd
David Cho
+82-2-2011-7192
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Successful completion of the independent audit affirms Prescinto’s compliance with the highest security standards.
NEW YORK--(BUSINESS WIRE)--Prescinto Technologies (or “Prescinto''), a leading global clean energy asset performance management (APM) technology platform, is pleased to announce the successful completion of its System and Organization Controls 2 (SOC 2) Type II certification for security. As one of the highest standards for security accreditation, reaching this milestone reflects the company's dedication to the highest levels of data security.
Prescinto designs and develops world-class performance analytics software for clean energy companies that simplifies the collection and analysis of big data generated from renewable energy power plants. Conducted by independent auditors, the SOC 2 Type II certification confirms that the service provider meets a strict level of security control, attests to the organization's trustworthiness, and certifies that the organization has key controls to safeguard customer information.
“We understand that data security is crucial for our customers and are pleased to assure that the Prescinto platform meets the highest standard of data security, " said Puneet Singh Jaggi, founder, and CEO of Prescinto. “SOC 2 Type II compliance is a reflection of our commitment to protecting our customers’ data – we constantly upgrade our systems and processes to meet our customer's enterprise security practices and standards.”
In 2022, Prescinto entered the energy storage market, the North American market and the European market and now prepares itself for further growth with this new milestone. Over the past six months, the company has expanded its team to include dedicated representatives in the U.S. and Europe and plans to continue expanding into new markets and growing its SaaS product offerings in the months to come.
To request Prescinto’s SOC 2 report, please write to This email address is being protected from spambots. You need JavaScript enabled to view it.
About Prescinto Technologies
Prescinto Technologies is a leading global clean energy asset performance management SaaS platform for solar, wind, and energy storage, purpose-built by industry experts to improve asset generation and accelerate the clean energy transition. Prescinto provides real-time insights, analytics, and automation support for optimizing renewable energy asset performance. With a veteran team of industry experts and a portfolio of over 13 GW across 14 countries, Prescinto is the trusted partner for global clients working toward the clean energy transition. For more info, visit www.prescinto.ai.
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TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that it received a non-binding letter of intent (“LOI”) for long term molybdenum supply from the Danish company Topsoe A/S (“Topsoe”), a global leader in the production of clean transportation fuels for energy-efficient technologies such as ammonia, methanol and hydrogen that are universally seen as the most important fuels and chemicals of the future.
The LOI sets the path for a long-term supply agreement of Ammonium Dimolybdate (ADM) and Mo-oxide based on specific criteria set by Topsoe for strategic suppliers, which include among others delivery of net-zero molybdenum products (in line with the Science Based Targets Initiative Net-Zero Standard) by 2040. The particularly clean molybdenite concentrate from our Malmbjerg deposit in Greenland, once roasted is perfectly suited as a feed stock for the production of such compounds.
In order to diversify and maximize molybdenum sales price, the marketing strategy of the Company targets direct sales to end users, arrangements with roasters to meet downstream end user products specifications, and sales to intermediaries that can be of strategic importance, with a strong focus on the European Union market.
End users like Topsoe will be able to ensure a stable responsible sourcing secured supply of high-quality molybdenum extracted with high ESG standards for decades to come from Greenland, a country that is part of the Kingdom of Denmark.
About Topsoe
Founded in 1940, Topsoe is a leading global developer and supplier of decarbonization technology, catalysts, and services for the energy transition. Their mission is to combat climate change by helping their partners and customers achieve their decarbonization and emission-reduction targets, including those in hard-to-abate sectors such as aviation, shipping, and the production of raw materials. From carbon reduction chemicals, to renewable fuels and plastic upcycling, we are uniquely positioned to aid humanity in realizing a sustainable future. Topsoe is headquartered in Denmark, with over 2,100 employees serving customers all around the globe. To learn more, visit www.topsoe.com
About Greenland Resources Inc.
Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned world-class Climax type pure molybdenum deposit located in central east Greenland. The Malmbjerg molybdenum project is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. The Malmbjerg project benefits from a NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, with Proven and Probable Reserves of 245 million tonnes at 0.176% MoS2, for 571 million pounds of contained molybdenum metal. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS2. The project had a previous exploitation license granted in 2009. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site (www.greenlandresources.ca) and our Canadian regulatory filings on Greenland Resources’ profile at www.sedar.com.
The Project is supported by the European Raw Materials Alliance (ERMA) as stated in their press release EIT/ERMA_June 13, 2022 Press Release, a Knowledge and Innovation Community of the European Institute of Innovation and Technology (EIT), a body of the European Union.
About Molybdenum and the European Union
Molybdenum is a critical metal used mainly in steel and chemicals that is needed in all technologies in the upcoming green energy transition (World Bank, 2020; IEA, 2021). When added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. Based on data from the International Molybdenum Association and the European Commission Steel Report, the world produced around 576 million pounds of molybdenum in 2021 where the European Union (“EU”) as the second largest steel producer in the world used approximately 25% of global molybdenum supply and has no domestic molybdenum production. To a greater degree, the EU steel dependent industries like the automotive, construction, and engineering, represent around 18% of the EU’s ≈ US$16 trillion GDP. Greenland Resources strategically located Malmbjerg molybdenum project has the potential to supply in and for the EU approximately 24 million pounds per year, of environmentally friendly molybdenum from a responsible EU Associate country, for decades to come. The high quality of the Malmbjerg ore, having low impurity content in phosphorus, tin, antimony, and arsenic, makes it an ideal source of molybdenum for the high-performance steel industry lead worldwide by Europe, specifically the Scandinavian countries and Germany.
Forward Looking Statements
This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management’s current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the ability to negotiate supply agreements on terms that are economic or at all, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources and reserves, and their valuation, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral reserve estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company’s projects, including the Malmbjerg molybdenum project; prices for molybdenum remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company’s projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the projected and actual effects of the COVID-19 coronavirus on the factors relevant to the business of the Corporation, including the effect on supply chains, labour market, currency and commodity prices and global and Canadian capital markets, fluctuations in molybdenum and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; the ability to source and negotiate supply and offtake agreements with qualified counterparties on terms that are economic or at all; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information.
These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information.
Neither the NEO Exchange Inc. nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
For further information please contact:
Ruben Shiffman, PhD Chairman, President
Keith Minty, P.Eng, MBA Engineering and Project Management
Jim Steel, P.Geo, MBA Exploration and Mining Geology
Nauja Bianco, M.Pol.Sci. Public and Community Relations
Gary Anstey Investor Relations
Eric Grossman, CPA, CGA Chief Financial Officer
Corporate office Suite 1410, 181 University Av. Toronto, Ontario, Canada M5H 3M7
Telephone +1 647 273 9913
Email This email address is being protected from spambots. You need JavaScript enabled to view it.
Web www.greenlandresources.ca
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