DUBLIN--(BUSINESS WIRE)--The "Hydrogen Fueling Station Market By Station Type, By Vehicle Type, By Vehicle Technology, By Delivery Methods: Global Opportunity Analysis and Industry Forecast, 2025-2035" report has been added to ResearchAndMarkets.com's offering.
According to the report, 'Hydrogen Fueling Station Market,' the hydrogen fueling station market was valued at $1.1 billion in 2025, and is estimated to reach $22 billion by 2035, growing at a CAGR of 35.4% from 2025 to 2035.
The concept of a hydrogen fueling station is typically attributed to hydrogen or fuel cell electric vehicles (FCEVs) that provide a practical alternative to zero-emission mobility compared to battery electric vehicles (BEV). The hydrogen fueling station is built with a wide range of compressors and accumulators to effectively store & fill liquefied or gaseous hydrogen. Stations dispense hydrogen as a compressed gas at pressures of 10,000 psi (H70) for light-duty vehicles and 5,000 psi (H35) for all other vehicles.
The fueling station has a storage tank based on the station's location and capacity, in which hydrogen can be stored as a liquid, a low-pressure gas, or a high-pressure gas. Presently, governments across the globe are promoting the use of hydrogen-powered vehicles to reduce carbon emissions and save fuel.
For instance, in 2019, European Union (EU) started the H2Haul project, which is expected run for five years. This EU-funded project aims to deploy 16 zero-emission fuel cell vehicles at four sites, i.e., Germany, Belgium, Switzerland, and France, by 2024. Moreover, the California Air Resources Board (CARB), Toyota, Shell, and Kenworth started the $82 million Zero-Emission and Near Zero-Emission Freight Facilities (ZANZEFF) project.
In addition, the hydrogen fueling station market has witnessed significant growth in recent years, owing to increased demand for improved vehicle performance and the inclination of consumers toward environment-friendly vehicles. Furthermore, the companies operating in the market have adopted partnerships, investments, and business expansions, to increase their market share and expand their geographical presence.
For instance, in October 2021, Linde plc. announced the start of its new hydrogen production facility in Texas. This bought Linde's total U.S. Gulf Coast hydrogen capacity to approximately 1.5 billion cubic feet per day. This helped them expand their offerings for hydrogen fueling stations across the U.S. Also, in December 2021, ITM Power PLC partnered with Shell, one of the largest oil companies in the world, to construct a hydrogen refueling station (HRS) at the Shell Filling Station, Beaconsfield. This increased its market presence across the UK.
The factors such as stringent government regulations to control increasing pollution, high suitability of hydrogen as fuel, and increase in R&D activities related to hydrogen fuel cell technology supplement the growth of the hydrogen fueling station market.
However, high initial expenditure for producing hydrogen and lack of fuel infrastructure are the factors expected to hamper the growth of the market. In addition, technological advancements and future potential in the hydrogen fuel cell vehicle and increase in investments & encouragement in administrative policy framework create market opportunities for the key players operating in the market.
Key Benefits For Stakeholders
Key Market Segments
By Station Type
By Vehicle Type
By Vehicle Technology
By Delivery Methods
Key Market Players
Key Findings of the Study
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HYDROGEN FUELING STATION MARKET, BY STATION TYPE
CHAPTER 5: HYDROGEN FUELING STATION MARKET, BY VEHICLE TYPE
CHAPTER 6: HYDROGEN FUELING STATION MARKET, BY VEHICLE TECHNOLOGY
CHAPTER 7: HYDROGEN FUELING STATION MARKET, BY DELIVERY METHODS
CHAPTER 8: HYDROGEN FUELING STATION MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/1wqtsd
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
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) will release financial results for the fourth quarter of 2022 before the market opens on Thursday, Jan. 26, 2023. A slide presentation will also be available for download. The company will host a webcast at 8 a.m. Central Time to discuss the results and provide a company update.
To listen to the webcast or to download the slide presentation, go to www.adm.com/webcast. A replay of the webcast will also be available for an extended period of time at www.adm.com/webcast.
About ADM
ADM unlocks the power of nature to enrich the quality of life. We’re a premier global human and animal nutrition company, delivering solutions today with an eye to the future. We’re blazing new trails in health and well-being as our scientists develop groundbreaking products to support healthier living. We’re a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace petroleum-based products. We’re an unmatched agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. And we’re a leader in sustainability, scaling across entire value chains to help decarbonize our industry and safeguard our planet. From the seed of the idea to the outcome of the solution, we give customers an edge in solving the nutritional and sustainability challenges of today and tomorrow. Learn more at www.adm.com.
Source: Corporate Release
Source: ADM
Investor Relations:
Megan Britt
This email address is being protected from spambots. You need JavaScript enabled to view it.
872-257-8378
Media Relations:
Jackie Anderson
This email address is being protected from spambots. You need JavaScript enabled to view it.
312-634-8484
Technology Veteran to Lead Company’s Enterprise Data, Systems, and Processes at Scale.
HOUSTON--(BUSINESS WIRE)--Quorum Software (Quorum), a global software leader dedicated to the energy industry, today announced that Jan Manning has been named Chief Information Officer. In this role, she will be responsible for leading Quorum’s information technology and security organization to ensure the needs of both internal and external customers are met.
“As Quorum continues to grow, scaling our IT, cloud operations, and security organization remains a top priority to support our customers and internal systems,” said Paul Langenbahn, CEO of Quorum Software. “Jan has extensive experience building and leading strategic initiatives and teams within information technology, and I’m confident that she will serve Quorum well in driving our cloud-first strategy and overall goal of connecting people, workflows, and systems across the energy ecosystem.”
Prior to joining Quorum, Manning served as Chief Information Officer at several other reputable software and technology companies, including Forescout Technologies, Inc., DATASCAN, and Gemalto. As CIO of these companies, her duties included implementing corporate application and infrastructure standards and eliminating technology inefficiencies, building proactive customer managed services teams, overseeing IT operations and security, leading strategic planning and vendor negotiations, and much more.
“There’s never been a more exciting time to be working in the technology sector and by leveraging the many capabilities of the cloud to unlock more efficient workflows and lay the foundation for long-term agility,” said Jan Manning, Chief Information Officer at Quorum Software. “I look forward to bringing my software experience and IT leadership to Quorum to assist them in achieving the accelerated results that can be experienced with technology today.”
Manning earned her Bachelor of Science in Business Management and Computer Science from the University of Maryland Global Campus.
To learn more about Quorum Software, visit www.quorumsoftware.com.
About Quorum Software
Quorum Software is a leading provider of energy software worldwide, serving more than 1,800 customers across the entire energy value chain in 55 countries. Quorum’s solutions power growth and profitability for energy businesses by connecting people, workflows, and systems with decision-ready data. Twenty years ago, we delivered the industry’s first software for gas plant accountants, and today our solutions streamline business operations with industry forward data standards and integrations. The global energy industry trusts Quorum’s experts and applications to successfully navigate the energy transition while delivering value today and into the future. For more information, visit quorumsoftware.com.
Media
Lauren Force
PAN Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--CD Capital Natural Resources Fund III ("CD Capital”) successfully monetizes its equity investment in Filo Mining for a total consideration of C$158.3 million.
Filo Mining is a Canadian exploration and development company focused on advancing its 100% owned Filo del Sol copper-gold-silver deposit located in Chile's Region III and adjacent San Juan Province, Argentina. CD took a strategic stake in the company back in 2020 enabling an expansion program of drilling to define deeper sulphide mineralisation. The Filo del Sol project has since been described as a high-sulphidation epithermal copper-gold-silver deposit associated with one or more large porphyry copper-gold systems with overlapping mineralizing events.
This drilling, undertaken over the past couple of years, has delivered some of the most spectacular mineralised intercepts of copper and gold the market has witnessed in decades. Recent drill results, such as the recent announcement of drill hole FSDH071 intersected 1,028.0m at 1.16% CuEq from a depth of 292m, including;172.0m at 2.14% CuEq from 408.0m and 237.5m at 1.49% CuEq from 776.0m, continue this success.
CD Capital was one of the early institutional investors to finance the drilling at Filo and the exploration success has been witnessed not only by the markets but also with Filo Mining attracting investment from BHP, who precipitated a C$100m strategic investment into Filo Mining in May 2022.
CD Capital is proud to have been an early institutional investor, alongside the Lundin Group, to support and finance the exploration and project development. The drilling is proving to be transformative for the company and has positioned it for future growth, confirming CD Capital's vision in supporting the leadership of the Lundin Group and the Filo del Sol project.
Founder & CEO of CD Capital, Carmel Daniele, noted the eventual monetization of the fund’s holding in Filo Mining, was part of the fund's normal course of business and mandate terms, delivering a substantial multiple of invested capital since acquisition. The project has more to deliver and CD looks forward to seeing this project flourish into a leading global copper and gold producer. "CD Capital is proud to have been involved in one of the largest copper discoveries in decades and personally has been one of the highlights of my career to see it come into fruition. It has been a truly spectacular investment for CD Capital Fund III’s investors and we are confident Filo’s journey to more success will continue. We look forward to the opportunity of partnering up on similar world-class projects led by top tier management teams with a strong proven track record, such as the Lundin Group, through the combination of our long-term patient institutional capital and our sector expertise to unlock value from exciting future projects in the pipeline.”
Chairman of the board of Filo Mining, Adam Lundin, commented, "We are appreciative for the support from CD Capital, who again believed in the vision of a Lundin Group entity in its early days. The equity participation alongside the family at the beginning of COVID in 2020 allowed us to continue to advance Filo del Sol into what is turning into truly a world class discovery. I would also like to extend a special thanks to CD Capital’s Founder & CEO, Carmel Daniele, for her continued valuable contributions as a Board member of Filo Mining. It has been an amazing journey and we will continue to unlock more value from this fantastic asset. We look forward to creating further value for CD Capital investors on current and future ventures within the Lundin Group."
About CD Capital Group
Over the past 15 years, London based CD Capital has launched three Private Equity funds, having raised circa US$1 billion in long-term patient capital, predominantly from leading North American institutional investors, including endowments and foundations, family offices and corporate pension funds. CD Capital develops world-class projects globally in precious metals, critical metals for greening the world, as well as fertilisers for global food security. CD Capital has a unique focus on partnering up with repeat management teams that have a strong track record in successfully developing projects in Latin America, such as Brazil, Peru, Argentina, Guatemala as well as Canada, Finland, Greenland and Australia.
CD Capital was founded in 2006 by Ms Daniele, who was one of the first in London to set up a dedicated fund focused on private mining assets and winning the prestigious Mines & Money Fund Manager of the Year award in 2008. Since establishing CD Capital, Ms Daniele has built a world-class investment technical team of industry insiders and has been an active sponsor and employer of women studying mining geology at Imperial College, London, resulting in a successful nomination to the 100 Women in Mining for 2022.
Dominic Chapman
Chief Financial Officer
This email address is being protected from spambots. You need JavaScript enabled to view it.
+44 (0) 207 389 1450
Carmel Daniele
Founder, CIO & CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.
+44 (0) 207 389 1450
www.cd-capital.com
Kasarabada to offer engineering and environmental solutions expertise on nonprofit board
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Ajay Kasarabada, Associate Vice President and Director of Environmental Solutions for Black & Veatch, is now a member of the board of directors for U.S. nonprofit Transportation Energy Partners (TEP). TEP brings Clean Cities Coalition leaders together with the clean transportation industry to work on increasing the use of sustainable fuels.
“We welcome Ajay’s wealth of knowledge and expertise to our board,” said Alleyn Harned, President of TEP. “As a part of the TEP board, Ajay will have opportunities to work with Clean City Coalition partners and leaders to understand how policy decisions impact their priorities and structure Black & Veatch solutions to help cities and governments in their quest to achieve their decarbonization goals.”
Kasarabada, a 23-year Black & Veatch veteran, brings experience in air quality and greenhouse gas emissions, distributed generation and renewable energy, electrification and decarbonization road mapping. He has helped deliver resilient, sustainable, and cost-effective energy solutions to energy clients, water and wastewater utilities, transit districts, and critical infrastructure facilities.
“TEP’s work to bring together Clean Cities coalitions is pivotal to advancing sustainability efforts and aligns with our focus areas and capabilities,” Kasarabada said. “At Black & Veatch, we are provided unique opportunities to utilize our expertise in renewable energy, decarbonization and transportation to work with leaders and partners to better understand how their decisions impact sustainability, business growth and resiliency goals.”
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
About Transportation Energy Partners
Transportation Energy Partners (TEP) is a national, non-profit organization that brings Clean Cities Coalition leaders together with the clean transportation industry to achieve energy independence by promoting policies that advance markets for cleaner fuels and vehicles. TEP works closely with and provides educational and policy support to the nearly 90 Clean Cities coalitions and their 15,000 stakeholders that participate in the U.S. Department of Energy Clean Cities program. As a result of some TEP efforts, leaders at all levels of government are better served with funding for the deployment of clean vehicles, fuels and infrastructure. Learn more about TEP here.
Meghan Lockner | +1 201-977-1628 | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA CONTACT | This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Race Rock Infrastructure (Race Rock), a Houston, TX based manufacturer of critical infrastructure products and solutions for transportation, energy transmission/distribution, telecommunications, and other end markets, has acquired Highway Safety LLC (formerly known as Highway Safety Corporation) (HSC) and Ohio Galvanizing LLC (formerly known as Ohio Galvanizing Corporation) (OGC). HSC and OGC join Fort Worth, TX based Structural and Steel Products (SSP), a leading manufacturer and distributor of engineered poles, sign structures, and highway safety products, in Race Rock’s portfolio of businesses.
HSC, a premier provider of guardrail, bridge rail, and solar panel support structures, was founded in 1978 by W. Patric Gregory III in Glastonbury, CT. In 1994, Mr. Gregory expanded operations to Marion, OH, to better serve the company’s nationwide customer base with additional metal fabrication and galvanizing services with the creation of Ohio Galvanizing Corporation. Following the transaction, Mr. Gregory will remain as President of HSC and OGC and join the Board of Directors of Race Rock.
Donald W. Young, Chairman and CEO of Race Rock Infrastructure, commented, “We are thrilled to partner with Patric Gregory and the talented people at HSC and OGC and support them in their continued growth. HSC and OGC fit well with our broader infrastructure strategy and provide increased scope and scale to our existing lines of business to further support critical infrastructure buildout in the United States.”
W. Patric Gregory III, founder of HSC and OGC, added, “Getting to know the team at Race Rock and SSP over the last six months, it became clear to me that they are the ideal partner for the business I’ve spent the last 40 years building. Our shared values of providing a quality product in a timely manner with an emphasis on customer service and environmentally sustainable operations makes this a natural next step in HSC and OGC’s journey. I’m excited for the future of our combined businesses.”
Race Rock Infrastructure funded the transaction with a combination of debt and equity capital. Debt financing was provided by a syndicate led by Woodforest National Bank. Locke Lord LLP acted as the legal advisor to Race Rock. Sperry Mitchell & Company served as the seller’s advisor on the transaction.
Andrea Bryan
(832) 920-1276
This email address is being protected from spambots. You need JavaScript enabled to view it.
Hydrogen Producers, End-Users, Infrastructure Companies, World-Class Technology Experts, and More Collaborate to Catalyze a Hydrogen Economy in Northern Appalachia
CHARLESTON, W.Va.--(BUSINESS WIRE)--The Appalachian Regional Clean Hydrogen Hub (ARCH2) team has been notified by the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) that it has been encouraged to submit a full application for the regional clean hydrogen hub Funding Opportunity Announcement (FOA) as designated in the bipartisan Infrastructure Investment and Jobs Act.
ARCH2 was formed through a partnership with the State of West Virginia, EQT Corporation, the nation’s largest natural gas producer, Battelle and GTI Energy, all with expertise executing clean energy programs for the federal government, and Allegheny Science & Technology (AST), a leading West Virginia energy technology consulting firm. Since the partnership was publicly announced, ARCH2 has added strategic partners that now include over 120 private sector industry leaders, utilities, universities, non-profits, transportation, and state agencies interested in building a hydrogen economy in northern Appalachia.
Concentrated in Appalachian counties as defined by the Appalachian Regional Commission (ARC) across West Virginia, Ohio, Pennsylvania, and Kentucky, ARCH2 will leverage diverse regional resources to build a sustainable clean hydrogen hub that can scale and integrate into a national clean H2 network. The region is the ideal location for a clean hydrogen hub, due to its unique access to ample low-cost natural gas feedstock, end-user demand, workforce and technology capability, and carbon sequestration potential.
ARCH2 will be a key foundational component of America’s transition toward decarbonization. The ARCH2 team is composed of entities with operations across the Appalachian region spanning the hydrogen value chain as well as energy technology organizations, including the National Energy Technology Laboratory, consultants, academic institutions, community organizations, and NGOs that will provide commercial, technical, and programmatic leadership for the development and buildout of the hub.
“There is a tremendous opportunity to demonstrate how natural gas can play a leading role in the world’s transition to lower carbon energy solutions,” said Toby Z. Rice, President and CEO of EQT Corporation. “The world is demanding cheaper, more reliable and cleaner energy. We believe the use of Appalachia’s extremely low emissions natural gas to create clean hydrogen can act as a strategic foundation for America’s transition toward decarbonization.”
“We are pleased the ARCH2 team has been encouraged by the DOE to submit our full application,” said Battelle President and CEO Lou Von Thaer. “The team comprises world-class organizations committed to working collaboratively to build a hydrogen economy in northern Appalachia that will advance our country’s long-term energy strategy.”
“Through a collaboration with experienced industry partners, we will leverage the existing infrastructure and abundant energy resources of the Appalachian region to enable clean, economy-scale hydrogen production,” said Dr. Paula Gant, President and CEO of GTI Energy. “DOE’s encouragement to move forward signals the potential for the ARCH2 hub to make major economic and environmental impacts in a historically underserved part of the country.”
“AST believes the ARCH2 proposal will drive significant economic growth and strategic value in Appalachia,” said Arria Hines, CEO. “AST has long supported the development of hydrogen as a fundamental building block of a clean energy future.” Hines noted further, “With the Appalachian region’s rich natural and human resources, I am confident that the ARCH2 team will secure a regional hydrogen hub and lead the effort to make Appalachia the nation’s ‘one-stop shop’ for hydrogen.”
“We are grateful to receive encouragement from DOE on ARCH2’s concept paper. This is an important milestone. I am excited to partner with our neighboring states to put forward a winning application,” said Secretary of Economic Development Mitch Carmichael. “West Virginia continues to have a growing and diverse energy portfolio with natural resources that are vital to a successful hydrogen hub. We are proud of our regional partners and industry in West Virginia and the Appalachian region that is leading the way to develop a supply for low-carbon hydrogen for the energy needs of the United States.”
Entities interested in participating in ARCH2 are encouraged to contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
About Battelle
Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.
About GTI Energy
GTI Energy is a leading research and training organization. Our trusted team works to scale impactful solutions that shape energy transitions by leveraging gases, liquids, infrastructure, and efficiency. We embrace systems thinking, open learning, and collaboration to develop, scale, and deploy the technologies needed for low-carbon, low-cost energy systems. www.gti.energy
About EQT
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.
About AST
AST is an energy solutions firm harnessing world-class agile expertise in applied science, energy efficiency, data analytics, and decision support tools to help build a better world. Utilizing scientists, consultants, and subject matter experts, AST delivers innovative solutions that drive clean, affordable, and sustainable energy technologies for its clients.
State of West Virginia Contact
Andy Malinoski
Director, Marketing and Communications, WV Dept. of Economic Development
This email address is being protected from spambots. You need JavaScript enabled to view it.
EQT Contact
Bridget McNie
Director of Communications
412.720.4500
This email address is being protected from spambots. You need JavaScript enabled to view it.
Battelle Contact
Katy Delaney
Director of Media Relations
614.424.7208
This email address is being protected from spambots. You need JavaScript enabled to view it.
GTI Energy
Diane Miller
Director of Marketing Communications
847.768.0683
This email address is being protected from spambots. You need JavaScript enabled to view it.
AST Contact
Stephanie Pethtel
Director of Marketing Communications
304.657.9107
This email address is being protected from spambots. You need JavaScript enabled to view it.
ARMONK, N.Y.--(BUSINESS WIRE)--#cleanenergy--Before becoming a leader in the sustainability arena, Brightcore Energy President, Mike Richter, had an illustrious career in professional ice hockey, including a prolific 15-year stint with the New York Rangers, where he was a three-time National Hockey League (NHL®) All-Star, a Stanley Cup® champion, and an Olympic medalist.
His passion for ice hockey began while playing in community rinks in his hometown of Germantown, Pennsylvania. Those rinks were modest, with outdated lighting and old equipment. Richter noticed early on that the facilities weren’t maintained and didn’t operate as optimal and high-performance as the dedicated players within them.
When the opportunity arose for Brightcore Energy to partner with the NHL® to advance innovations that would positively impact community rinks, Richter jumped at the chance to participate in advancing the industry where his career began.
"Youth hockey is the life blood of the NHL® and an opportunity for thousands of kids to enjoy this wonderful sport,” he said. “One of the largest single expenses in rinks is energy costs. Lowering these costs lowers the barrier for young boys and girls to enjoy this game."
To achieve such savings, Brightcore Energy will work with Signify, an official NHL® partner, to bring energy-efficient LED and connected lighting solutions to community ice rinks across the country.
"The NHL® is committed to advancing sustainable business practices and reducing the environmental impact of all levels of hockey for future generations of players and fans," said Max Paulsen, Director, Business Development, NHL®. "Upgrading to LED and connected lighting is better for our planet – and offers a practical and cost-effective solution for rinks across North America.”
These lighting upgrades can help hockey rink owners reduce their energy use in their facility and lower their carbon footprint, while also delivering an enhanced experience for spectators and athletes. Owners may also see lower operating costs and maintenance reduction savings as their facilities operate at the highest standards.
To Richter, potential is one of the most important words when it comes to sports performance.
“That one word is what sports are all about and what we strive to fulfill every day in our personal and professional lives,” he said. “Any form of waste inefficiencies – actually anything under maximum performance – makes reaching potential impossible.”
Richter’s pursuit of fulfilling his potential led him to his career as one of the most famous NY Rangers’ goalies. But the real impact came when Richter went on to receive his degree in Ethics, Politics and Economics with a concentration in Environmental Politics from Yale University. He quickly became a key spokesperson for environmental issues, such as resource efficiency and climate change.
The common thread in all of Richter’s experiences – from athletic to professional – is performance potential. Today, he is president of Brightcore Energy which was founded on the concept of fulfilling potential.
About Brightcore Energy
Brightcore Energy is a provider of end-to-end clean energy solutions to the commercial and institutional market, including commercial and community solar, high-efficiency renewable heating and cooling (geothermal), LED lighting and controls, electric vehicle (EV) charging, battery storage, smart building solutions and other emerging technologies. Brightcore Energy accelerates the deployment of a wide range of energy-efficiency and renewable energy technologies through its innovative Efficiency-as-a-Service (EaaS) model that requires no capital investment and provides for immediate operating cost savings, making it affordable and seamless for buildings to quickly and easily transition their legacy energy platforms to significantly more efficient and sustainable ones.
About the NHL
The National Hockey League (NHL®), founded in 1917, consists of 32 Member Clubs. Each team roster reflects the League’s international makeup with players from more than 20 countries represented, all vying for the most cherished and historic trophy in professional sports – the Stanley Cup®. Every year, the NHL entertains more than 670 million fans in-arena and through its partners on national television and radio; more than 191 million followers – league, team and player accounts combined – across Facebook, Twitter, Instagram, Snapchat, TikTok, and YouTube; and more than 100 million fans online at NHL.com. The League broadcasts games in more than 160 countries and territories through its rightsholders including ESPN, WBD Sports and NHL Network in the U.S.; Sportsnet and TVA Sports in Canada; Viaplay in the Nordics, Baltics and Poland; YLE in Finland; Nova in Czech Republic and Slovakia; Sky Sports and ProSieben in Germany; MySports in Switzerland; and CCTV5+ in China; and reaches fans worldwide with games available to stream in every country. Fans are engaged across the League’s digital assets on mobile devices via the free NHL® App; across nine social media platforms; on SiriusXM NHL Network Radio™; and on NHL.com, available in eight languages and featuring unprecedented access to player and team statistics as well as every regular-season and playoff game box score dating back to the League’s inception, powered by SAP. NHL Original Productions and NHL Studios produce compelling original programming featuring unprecedented access to players, coaches and League and team personnel for distribution across the NHL’s social and digital platforms.
MEDIA CONTACT:
Michael Tracy
Vice President, Marketing
This email address is being protected from spambots. You need JavaScript enabled to view it.
914-719-6027
CHICAGO--(BUSINESS WIRE)--LanzaTech NZ, Inc. (“LanzaTech”), an innovative carbon capture and transformation (“CCT”) company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives, today announced that AMCI Acquisition Corp. II (“AMCI”) (Nasdaq: AMCI) has scheduled a special meeting of its stockholders (the “Special Meeting”) for February 1, 2023 at 11:00 a.m., Eastern Time, to approve the proposed business combination (the “Business Combination”) with LanzaTech.
AMCI also announced that it has filed its definitive proxy statement/prospectus for the Special Meeting, and has commenced mailing the definitive proxy statement/prospectus to its stockholders of record as of December 28, 2022, the record date for the Special Meeting (the “Record Date”). The closing of the Business Combination is subject to approval by AMCI’s and LanzaTech’s stockholders and the satisfaction of other customary closing conditions and is expected to close as soon as practicable following the Special Meeting.
Dr. Jennifer Holmgren, Chief Executive Officer of LanzaTech, said “We are thrilled to reach this important milestone in our journey towards becoming a public company via our partnership with AMCI. This transaction will enable a significant acceleration in the deployment of our CCT technology, bringing us as a society, one step closer to achieving a circular carbon economy and finding a solution for the challenges of decarbonizing modern heavy industry.”
If you are a stockholder entitled to vote at the Special Meeting, your vote is important no matter how many shares you own. You are encouraged to submit your vote as soon as possible. If you hold your shares in “street name,” meaning that your shares are held in an account at a brokerage firm, bank or other similar agent, you may vote prior to the Special Meeting by using your voting control number and instructions provided to you by your brokerage firm, bank or other similar agent. Please contact your brokerage firm, bank or other similar agent to ensure your shares are voted. If you are a stockholder of record, you may vote prior to the Special Meeting by signing, dating, and mailing your proxy card in the return envelope provided with your proxy material.
If any AMCI stockholder has any questions, needs assistance in voting their shares or does not receive the Proxy Statement, that stockholder should contact their broker or Morrow Sodali, AMCI’s proxy solicitor, at (800) 662-5200, or by email to This email address is being protected from spambots. You need JavaScript enabled to view it..
As announced on March 8th, 2022, LanzaTech has entered into a merger agreement with AMCI. Upon closing of the Business Combination, the combined company will be renamed LanzaTech Global, Inc. and its common stock is expected to be listed on Nasdaq under the ticker symbol “LNZA.”
Important Information About the Business Combination and Where to Find It
The Business Combination will be submitted to stockholders of AMCI for their consideration. AMCI has filed a registration statement on Form S-4 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) which includes both a prospectus with respect to the combined company’s securities to be issued in connection with the Business Combination and a proxy statement to be distributed to AMCI's stockholders in connection with AMCI's solicitation of proxies for the vote by its stockholders in connection with the Business Combination and other matters as described in the Registration Statement. AMCI urges its investors, stockholders and other interested persons to read the definitive proxy statement/prospectus, as well as other documents filed by AMCI with the SEC, because these documents contain important information about AMCI, LanzaTech and the Business Combination. AMCI has mailed the definitive proxy statement/prospectus to its stockholders of record as of the Record Date for voting on the proposed Business Combination. Stockholders can also obtain a copy of the Registration Statement, including the definitive proxy statement/prospectus, as well as other documents filed with the SEC regarding the Business Combination and other documents filed by AMCI with the SEC, without charge, at the SEC's website located at www.sec.gov or by directing a request to: AMCI Acquisition Corp. II, 600 Steamboat Road, Greenwich, CT 06830.
Participants in the Solicitation
AMCI and LanzaTech and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the proposed Business Combination under the rules of the SEC. Information about the directors and executive officers of AMCI is set forth in the Registration Statement and included in the definitive proxy statement/prospectus. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of AMCI stockholders in connection with the proposed Business Combination is set forth in the Registration Statement and included in the definitive proxy statement/prospectus. Stockholders, potential investors and other interested persons should read the definitive proxy statement/prospectus carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
Forward-Looking Statements
This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of AMCI and LanzaTech. These statements are based on the beliefs and assumptions of the management of AMCI and LanzaTech, respectively. Although AMCI and LanzaTech believe that their respective plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, neither AMCI nor LanzaTech can assure you that either will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends" or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, AMCI's management and LanzaTech's management, respectively. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of AMCI and LanzaTech, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can AMCI or LanzaTech assess the impact of all such risk factors on its 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. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to AMCI, LanzaTech or persons acting on their behalf are expressly qualified in their entirety by the foregoing cautionary statements. AMCI and LanzaTech prior to the Business Combination, and the combined company following the Business Combination, undertake no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Non-Solicitation
This press release shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities, in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
About LanzaTech
Headquartered in Skokie, Ill., LanzaTech transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products. Using a variety of waste feedstocks, LanzaTech’s technology platform highlights a future where consumers are not dependent on virgin fossil feedstocks for everything in their daily lives. LanzaTech’s goal is to challenge and change the way the world uses carbon, enabling a new circular carbon economy where carbon is reused rather than wasted, skies and oceans are kept clean, and pollution becomes a thing of the past. For more LanzaTech visit https://lanzatech.com.
About AMCI Acquisition Corp. II
AMCI Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger with a business focused on decarbonizing the heavy industrial complex and transitioning the global energy mix to a lower carbon footprint. AMCI's sponsor is an affiliate of the AMCI group of companies. AMCI invests in and operates industrial businesses focused on natural resources, transportation, infrastructure, metals and energy. AMCI has now invested over $1.7 billion in 40 industrial companies and has an existing portfolio consisting of 21 companies located around the world. AMCI is led by Chief Executive Officer Nimesh Patel, President Brian Beem, and Chief Financial Officer Patrick Murphy.
Media Contact - LanzaTech
Freya Burton, Chief Sustainability Officer
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations Contact - LanzaTech
Omar El-Sharkawy
Director, Corporate Development
This email address is being protected from spambots. You need JavaScript enabled to view it.
A $200 million investment will be made at Chemours’ Villers-Saint-Paul, France facility supporting global decarbonization initiatives and the acceleration of the Hydrogen Economy
WILMINGTON, Del.--(BUSINESS WIRE)--$CC--The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced a $200 million investment to increase capacity and advance technology for its industry-leading Nafion™ ion exchange materials to be located at Chemours’ manufacturing facility in Villers-Saint-Paul, France. Chemours’ investment builds on the existing efforts in the U.S. to have a reliable supply chain and robust capacity to enable the hydrogen economy. It will support growing market demand for clean hydrogen generation using water electrolyzers, energy storage in flow batteries, and hydrogen conversion to power fuel cell vehicles, and contribute to European and broader global efforts to enable the clean energy transition. As part of the investment, the capabilities of Chemours’ regional manufacturing site will be expanded to support and advance technological progress and new products for the worldwide hydrogen economy.
“Our society has a tremendous opportunity to build a more sustainable future, and that must include transitioning to cleaner energy. Chemistry holds the keys to that future and will continue to play an important role in moving the hydrogen economy forward,” said Mark Newman, President and CEO at Chemours. “Chemours has chosen France for this investment in the hydrogen economy because of the strong alignment between our sustainable growth vision, the French government’s goal to create a reliable and strong hydrogen economy, and the European Union’s ambition to deliver a clean energy transition based on the objectives set in the EU Climate Law. With the outstanding team at our Villers-Saint-Paul site, the surrounding community, and the entire Hauts-de-France region, we will expand the impact of our Nafion™ Proton Exchange Membrane technology to help drive decarbonization at a global scale.”
Despite solid growth in the deployment of green hydrogen technologies, the scale-up of the hydrogen economy supply chain capability and capacity remains critical in realizing the full potential of hydrogen energy and meeting escalating demand. Nafion™ Proton Exchange Membrane (PEM) technology represents one of the most promising solutions for green hydrogen production, which has several advantages, including faster start-up, fewer components, a smaller footprint, simpler maintenance, and zero emissions when coupled with renewable energy.
“Advancing the hydrogen economy is a winning formula for people and the planet, but its success requires product performance, innovation, scalable supply, and responsible, sustainable manufacturing,” said Denise Dignam, President of Advance Performance Materials at Chemours. “Chemours is committed to enabling the transition to a global hydrogen economy, and our investment in Villers-Saint-Paul supports that ambition. Adding production capability in France provides direct, domestic access for Europe to our Nafion™ ion exchange materials while extending our global capacity to help our customers grow and fast-track implementation of hydrogen solutions.”
Chemours’ investment is subject to obtaining all customary permits and licenses necessary for the construction and operations at the 40-hectare Villers-Saint-Paul site, which will include the expansion of ionomer production and associated membranes to deliver additional capacity in the Nafion™ materials supply chain. The $200 million investment demonstrates Chemours’ continued commitment to responsible manufacturing while also supporting Chemours’ 2030 Corporate Responsibility Commitment goal to generate 50% or more of its revenue from products that contribute to the United Nation's Sustainable Development Goals. In addition, the site expansion will create jobs in the Hauts-de-France region, and Chemours anticipates approximately 80 full-time jobs and about 50 long-term contracted positions.
Chemours’ commitment to supporting the hydrogen economy also includes the company’s participation and support of the U.S. Department of Energy’s Hydrogen Shot and regional hydrogen hub initiative, as well as the launch of The Clean Hydrogen Partnership and Center for Clean Hydrogen with the University of Delaware. The company is also an active member of the Hydrogen Council, Hydrogen Europe, and the Renewable Hydrogen Coalition.
About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
INVESTORS
Jonathan Lock
SVP, Chief Development Officer
+1.302.773.2263
This email address is being protected from spambots. You need JavaScript enabled to view it.
Kurt Bonner
Manager, Investor Relations
+1.302.773.0026
This email address is being protected from spambots. You need JavaScript enabled to view it.
NEWS MEDIA
Cassie Olszewski
Media Relations and Financial Communications Manager
+1.302.219.7140
This email address is being protected from spambots. You need JavaScript enabled to view it.
First-of-its-Kind Study of Illinois Energy Transformation Identifies Job Training Needs
Also Projects Clean Energy Transition Could Create More Than 40,000 New Jobs in Illinois by 2030
CHICAGO--(BUSINESS WIRE)--National economic and workforce applied research firm BW Research today released a first-of-its-kind study in Illinois that found that the transition to clean energy could create a net increase of more than 150,000 jobs for the state by 2050. The study was commissioned by ComEd to better understand the economic and workforce development challenges and opportunities communities will face in the transition to clean energy; the results is a statewide and regional job analyses.
“As evidenced by this foundational study, Illinois stands to gain tens of thousands of good-paying jobs from the transition to a clean energy future – and we must ensure that all communities benefit from this economic opportunity,” said ComEd CEO Gil Quiniones. “This research will help ensure that, working with community partners, we can build a diverse pipeline of talent ready to power the state’s journey to a cleaner, brighter future.”
The study examines the impacts to regional and statewide employment from two scenarios on the transition to a net zero energy future. It captures initial and secondary employment outputs across four sectors of the economy – electricity, fuels, transportation and buildings – and assesses opportunities for growth and areas of displacement across these four sectors to determine employment outcomes.
To complement BW Research’s analysis, ComEd conducted in-depth interviews with more than a dozen local business and community groups, ranging from workforce development organizations and educational institutions to labor unions. The study incorporates insights from these interviews on the impacts of the economy and pandemic recovery on the local workforce, the effect of decarbonization on the region’s future workforce, and the need for public-private partnership to prepare for workforce needs in coming decades.
“This study shows us that we’re at a unique moment in the energy space that offers a tremendous opportunity to create new jobs and bring economic prosperity to communities across Illinois,” said Don Finn, Business Manager and Financial Secretary for IBEW Local 134. “We’re hopeful that we can attract new jobseekers and build a diverse talent pipeline to support Illinois for generations to come.”
The first scenario assumes a business-as-usual approach that examines the impact of decarbonization driven by laws such as Illinois’ Climate and Equitable Jobs Act (CEJA) and the federal Inflation Reduction Act (IRA) on employment across the state. It assumes no additional efforts to accelerate the electrification of transportation, buildings or industry. Under this scenario, Illinois would see a net increase of 15,000 jobs between 2021 to 2030 and an increase of 38,000 jobs between 2021 to 2050.
The second scenario includes the job projections under the business-as-usual approach but also factors in additional actions beyond CEJA and the IRA to achieve economywide decarbonization by 2050, with high levels of electrification and a significant role for hydrogen and gas backup for heating. This scenario finds a net increase of 41,000 jobs in Illinois between 2021 and 2030 and a net increase of 151,000 jobs between 2021 to 2050.
These scenarios are the same as two of the scenarios identified in a recent independent study by national sustainability firm Energy and Environmental Economics, Inc. (E3) that outlines pathways for Illinois to achieve full, economy-wide decarbonization by 2050, consistent with the state’s pledge as part of the U.S. Climate Alliance to pursue the Paris Agreement.
“Our clean energy future is going to create more and better paying jobs, and education and job training will be critical in our work to ensure all communities benefit from this economic opportunity,” said Juan Salgado, Chancellor of City Colleges of Chicago. “This study will help us better expand existing educational programs and build new ones that will ensure the future workforce has the training and stackable skills necessary to thrive in this sector.”
The study also revealed that, under both scenarios, job quality would improve, with high paying and mid-wage jobs expected to increase by roughly seven percent under the business-as-usual scenario to 17 percent under a moderate electrification scenario.
“We are working to ensure underserved communities across Chicago have access to good-paying jobs and the necessary training to qualify for these jobs,” said Andrew Wells, Vice President of Workforce Development for the Chicago Urban League. “Working with ComEd and others, we are committed to maximizing the opportunities presented by the clean energy future to benefit every person, particularly communities who have historically lacked access to these opportunities.”
ComEd will use the study to inform its existing job training programs and internal hiring and training plans to support projected workforce needs, as well as to inform partnerships with state and local organizations to expand and develop job training programs to support the transition to clean energy. The company currently offers or supports a range of in-depth job training and apprenticeship programs, including the CONSTRUCT Infrastructure Academy, which, over the past decade, has helped more than 700 participants from diverse backgrounds prepare for careers in the skilled trades.
Other training opportunities include the Chicago Builds program at Dunbar High School through a partnership with Chicago Public Schools and the ComEd-sponsored Overhead Electrical Line Worker Training at Dawson Technical Institute.
The full study by BW Research can be accessed at https://bwresearch.com/docs/BW_ComED-Jobs&EquitableEnergyTransitionStudyReport2022.pdf.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
PASADENA, Calif.--(BUSINESS WIRE)--#consultingandengineering--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today the planned dates for its first quarter 2023 results and conference call.
On Wednesday, February 1, 2023, after market close, Tetra Tech intends to announce its first quarter 2023 results. On Thursday, February 2, 2023, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company’s financial results and forward outlook.
Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company's website at tetratech.com/investors. The webcast replay will be available following the call.
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 22,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844
TRONDHEIM, Norway--(BUSINESS WIRE)--Elinor Batteries and SINTEF have entered into a Memorandum of understanding on strategic cooperation, aiming to establish a giga-scale factory for production of sustainable batteries in Central Norway.
Through the collaboration, Elinor has secured the necessary resources needed in research and development to drive the project forward. SINTEF will open its battery lab almost at the same time as the launch of Elinor’s plans for a battery factory. The agreement covers technological aspects in the entire value chain for battery production, including production technology, infrastructure, management, economics and societal elements.
Important agreement
“The global battery competition is knowledge-intensive. A Norwegian battery factory must be the best in terms of sustainability in the entire value chain and a knowledge leader in electrochemistry, materials technology and mass production to succeed. We have invested considerably in having world-leading laboratories for battery production. We look forward to working with Elinor to reach their industrial goals,” CEO of SINTEF, Alexandra Bech Gjørv, says.
“This is an essential agreement for us at Elinor Batteries, enabling us to start producing A-samples already this spring. The A-samples are crucial to be qualified as a supplier in an industry that has long been dominated by Asian suppliers,” says Elinor Batteries CEO Terje Andersen.
Global race
The parties common objective is to create sustainable and competitive battery production in Central Norway.
“Through a common European road map, work is now being done to develop a generation of batteries that will be safer, withstand faster charging and last longer. The battery production will be more sustainable and cost-effective because the raw materials will travel shorter distances. These are fundamental changes in how batteries are produced and used, and this provides new opportunities. Norway has an excellent system for cooperation between research and industry, as well as strong players along the entire value chain for the production, use and reuse of batteries. Thus, all the prerequisites for taking the lead in the global knowledge race towards next-generation batteries are in place,” says Gjørv.
Construction of the factory will commence next year. First production is estimated in mid-2026.
CEO, Elinor Batteries
Terje Andersen
+4797950707
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
SINTEF
Head of Communications, SINTEF Industri
Stein Mortensholm
+4799009600
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
AKRON, Ohio--(BUSINESS WIRE)--$BW #carboncapture--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment has been awarded a contract by Phillips 66 Limited to design a flue gas pre-treatment technology upstream from a planned carbon dioxide (CO2) capture system on the Phillips 66 Limited Humber Refinery’s Fluid Catalytic Cracker (FCC) in North Lincolnshire, United Kingdom.
“B&W has many decades of experience working with customers in the oil, gas and refining industries, providing technologies to make processes cleaner and more efficient,” said Joe Buckler, B&W Senior Vice President, Clean Energy. “As the global leader in pre-treatment technologies for post-combustion carbon capture, the opportunity to work with Phillips 66 Limited aligns well with our experience and expertise.”
“B&W has a complete suite of proven environmental technologies in our portfolio, including the addition of the engineering expertise of our Hamon Research-Cottrell technology, which complements our decarbonization and carbon capture solutions,” Buckler said. “We thank Phillips 66 Limited for selecting us for this important clean energy project.”
Adam Young, Project Lead at the Phillips 66 Limited Humber Refinery, said, “We are pleased to be working with B&W, leveraging their expertise and knowledge. The pre-treatment is vital to the process to enable the planned carbon capture technology to work optimally.”
Young continued, “Our proposed project would be a first of a kind for an FCC. The knowledge learnt could help to support over 300 FCCs across the world to reduce carbon emissions and support industry to decarbonize.”
Phillips 66 Limited’s Humber Refinery carbon capture facility plans are part of the Humber Zero project, a world-scale carbon reduction project to support the decarbonization of critical UK industry. The project aims to capture up to 8 million tonnes of CO2 by 2030.
B&W Environmental is committed to environmental sustainability, designing, engineering and deploying technologies proven to help preserve the earth’s natural resources. B&W Environmental’s technologies can be utilized to remove many pollutants from flue gas, including nitrogen oxides, sulfur oxides, particulates, dioxins, metals and more.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the signing of a contract to design and supply flue gas pre-treatment technology. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Investor Relations
Babcock & Wilcox
704.625.4944
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
This email address is being protected from spambots. You need JavaScript enabled to view it.
Part of NAPE’s Feb. 1 Energy Business Conference, the panel discussion brings together governors from Texas, Oklahoma and Wyoming to discuss all things energy.
HOUSTON--(BUSINESS WIRE)--#Energy--Texas Gov. Greg Abbott will join Oklahoma Gov. J. Kevin Stitt and Wyoming Gov. Mark Gordon at the 2023 NAPE Summit to discuss the latest trends, issues and opportunities in today’s dynamic energy market. The Governors Panel is part of the NAPE Summit Energy Business Conference on Wednesday, Feb. 1. NAPE Week runs Feb. 1-3 at the George R. Brown Convention Center in Houston.
“Our speaker lineup for the Energy Business Conference is one of the best we’ve ever assembled with three incumbent governors, three company CEOs and founders, two market intelligence experts, three featured technical presentations, a senior investment manager from Texas’ largest public pension fund and the president of one of the biggest energy investment banks,” said David R. Cape, chair of the NAPE Operators Committee.
Gov. Abbott was reelected in November to his third term as Texas governor. Under his stewardship, the Texas economy has expanded to nearly $2 trillion.
Reelected to his second term, Gov. Stitt is leading Oklahoma with a vision to become a top 10 state in job growth, infrastructure, education and more.
Also reelected to his second term, Gov. Gordon has spearheaded efforts to diversify all sectors of Wyoming’s economy, including technology, finance, agriculture, energy, including carbon capture and sequestration, research, education and tourism.
“The 2023 Summit marks NAPE’s 30th anniversary and we are celebrating the big deal — NAPE style. In addition to our traditional oil and gas prospects and new Governors Panel, NAPE is adding a ’90s style concert at our popular Icebreaker reception, a Bitcoin Mining Pavilion on the expo floor and the new NAPE Hall of Fame,” said Le’Ann Callihan, NAPE vice president.
Attendee favorites like the Prospect Previews, Renewable Energy Pavilion, NAPE Charities Luncheon, Connections & Conversations: Women in Energy, Job Fair, Government Affairs Session, Energy Innovation Case Competition and more also return, and the NAPE show floor will be packed with exhibitors and prospect generators. And up for grabs in the NAPE 30th anniversary Summit Sweepstakes Drawings: a 2023 Ford Bronco!
“This is a NAPE you don’t want to miss,” Callihan said.
To register, visit NAPEexpo.com.
About NAPE
The largest energy prospect expo in the world, NAPE was founded in 1993 by the American Association of Professional Landmen and now also includes the Independent Petroleum Association of America, Society of Exploration Geophysicists and American Association of Petroleum Geologists as partner hosts. The annual NAPE Summit brings together prospects and all the key players needed to evaluate, facilitate and execute deals. The 2023 NAPE Summit will be held Feb. 1-3 at the George R. Brown Convention Center in Houston. To stay connected on all things NAPE, please visit NAPEexpo.com and follow NAPE on Twitter @NAPE_EXPO, Facebook @NAPEexpo, Instagram @napeexpo and LinkedIn.
Caleb Rogers
817-847-7700
This email address is being protected from spambots. You need JavaScript enabled to view it.
Competitive procurement seeks incremental resources that can come online no later than 2027 as part of the company’s Pathway 2045 vision for carbon neutrality
ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison launched the 2022 Catalina Island Clean Energy All-Source Request for Offers (RFO) to solicit bids from interested parties, including project sponsors and developers. The successful offer(s) will be part of the Catalina Island Repower Project and SCE’s long-term clean energy strategy as part of its Pathway 2045 vision for carbon neutrality by 2045.
The company seeks commercially viable energy solutions, including eligible renewable resources, energy storage, demand response and energy efficiency. This competitive procurement seeks incremental resources that can come online no later than 2027 to serve Santa Catalina Island.
SCE encourages interested market participants to register on its RFO website to gain access to solicitation materials: www.poweradvocate.com/pR.do?okey=136960&pubEvent=true.www.poweradvocate.com/pR.do?okey=136960&pubEvent=true. The deadline to submit offers is May 1.
Last year marked the 60th anniversary of SCE serving as the electric, gas and water utility for Catalina, a popular getaway 22 miles from the Southern California coast. Last year marked the 60th anniversary of SCE serving as the electric, gas and water utility for Catalina, a popular getaway 22 miles from the Southern California coast.
The company provides electric service to Catalina Island and its 4,100 residents, its commercial and industrial customers and 1 million annual visitors. Since the 1920s, power for the island’s electrical grid has been supplied by diesel generators, with fuel barged in from the mainland.
The Catalina Island Repower Project will help meet the needs of the future generations of customers and visitors while helping to address the state’s clean air and energy goals.
About Southern California Edison
An Edison International (NYSE: EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Media Contact: David Song, (626) 302-2255
DUBLIN--(BUSINESS WIRE)--The "5G in Oil & Gas Market - Global Outlook & Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global 5G in oil & gas market is expected to grow at a CAGR of 25.81% during 2023-2030. 5G is amongst the key technologies that are gaining significant importance in the oil & gas sector. The oil & gas market includes operational activities conducted under extreme weather conditions and severe environmental challenges.
Operation in these conditions face challenges such as low latency network connectivity, cybersecurity issues, and managing the network at remote locations. These things mandate the use of strong communication technology. 5G is one of the prominent technologies that effectively moderates these issues, as it offers ultra-high speed coupled with low latency communication between production sites and vessels. Increased use of 5G-enabled systems such as drones, robotics, and artificial intelligence (AI) enhances operational efficiency, thus, driving adoption in the oil & gas sector, further propelling the growth of the 5G in oil & gas market.
Key Advantages of 5G:
The 5G network provides robust connectivity and smooth communication essential for daily operational activities.
MARKET TRENDS & OPPORTUNITIES
Industry 4.0 To Boost 5G in Oil & Gas Market
Industry 4.0 is currently essential for all entities engaged in the production and manufacturing processes. Evolution in the utility sector mandates the incorporation of Industry 4.0 in day-to-day activities. The utility sector is an integral part of the new industrial revolution era. Transformations such as process automation, integrating machines for predictive diagnostics and maintenance, equipment health tracking, and digitizing other operational parameters require the integration of Industry 4.0 in the energy sector. Oil & gas companies across the globe are also mandating incorporation of Industry 4.0 in daily operational activities. Oil & gas companies, especially in the upstream sector, are incorporating the advantages of industry 4.0 to enhance their overall operations. This is also required to remain relevant in the market due to the rising competition from the increasing demand for renewable energy, electric vehicle, and new hydrocarbon sources. Industry 4.0 also enables unmanned drilling operations, forecast maintenance needs, and enable asset management. Modernizing services and solution offerings in tandem with the improvising industry practices is set to be the key to growth over the next few years.
Growing Adoption of Digitization in Oilfield
Oil & gas companies are proactively implementing digital transformation techniques in their operations, which can contribute towards the 5G in oil & gas market growth. The advancement in automation processes, sensing technologies, and data analytics drives these developments. Digitization in the oilfield or digital oilfield is the concept that integrates business processes with digital technologies such as IoT, AI, augmented reality, VR, digital twin, and cloud systems. This process supports companies by collecting real-time data from sensors, pressure and temperature meters, tank-level sensors, and others. Assimilation of such advanced technologies increases any oil or gas field's operational efficiency.
Segmentation by Application:
Segmentation by Spectrum:
Segmentation by Geography:
Key Vendors
Other Prominent Vendors
Market Dynamics
Market Opportunities & Trends
Market Growth Enablers
Market Restraints
KEY QUESTIONS ANSWERED
1. How big is the 5G in oil & gas market?
2. Which region dominates the global 5G in oil & gas market?
3. Who are the key players in the global 5G in oil & gas market?
4. What is the growth rate of the global 5G in oil & gas market?
5. What are the key driving factors in the 5G in oil & gas market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
5 Report Assumptions & Caveats
6 Premium Insights
7 Market at a Glance
9 5G Outlook
10 Case Study Analysis
11 Market Opportunities & Trends
12 Market Growth Enablers
13 Market Restraints
14 Market Landscape
15 Application
16 Spectrum
17 Geography
18 US
19 China
20 Europe
21 Saudi Arabia
22 Rest of the World
23 Competitive Landscape
24 Key Company Profiles
25 Other Prominent Players
26 Report Summary
27 Quantitative Summary
28 Geography
29 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/6azc4x
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
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)
Distribution
The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended December 31, 2022, of $0.026 per common unit.
This cash distribution will be paid on February 9, 2023 to all unitholders of record as of the close of business on January 26, 2023.
Gary Chapman, CEO and CFO of the Partnership, commented, “In this near-term period of heightened uncertainty for the shuttle tanker market, as we have previously set out, a top operational priority has been to secure additional charter coverage for our fleet at an acceptable rate that ensures the sustainability of our business. We have made progress in this regard and continue to believe that the medium-term market environment in the North Sea and Brazil should improve materially on the basis of significant committed growth capex in their respective offshore production sectors.
Nevertheless, as we approach another year with multiple drydocks, we currently lack the forward visibility on earnings that we have historically had. Although we expect to employ our open vessels in possibly a combination of short-term shuttle tanker and spot conventional opportunities, this is highly likely to lead to a temporary but material reduction in vessel utilization rates and income. Additionally, we have not yet finalized new charters for our four vessels operating on bareboat contracts in Brazil. In this context, and until such time as we have re-established a greater degree of forward visibility on earnings and liquidity, our Board has determined that a reduction in our quarterly distribution is prudent.
The Partnership continues to believe that a long-term, sustainable distribution is a key component of our strategy and value proposition. We believe that this reduced distribution level will position us not only to weather the challenging interim period and manage our 2023 drydocking schedule, but to take advantage of what we expect will be a strong medium-term market to the benefit of our unitholders.”
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle tankers primarily under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership but is classified as a corporation for U.S. federal income tax purposes, and thus issues a Form 1099 to its unitholders, rather than a Form K-1. KNOT Offshore Partners LP’s common units trade on the New York Stock Exchange under the symbol “KNOP”.
Forward looking statements
This press release includes statements that may constitute forward-looking statements including, without limitation, statements related to the Partnership’s beliefs and strategies; future cash distributions to unitholders; market trends in the shuttle tanker or general tanker industries, including hire rates, factors affecting supply and demand, and opportunities for the profitable operations of shuttle tankers and conventional tankers; and market trends in the production of oil in the North Sea, Brazil and elsewhere. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F and the other reports filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Tel: +44 1224 618 420
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Source: KNOT Offshore Partners LP
Max Pieri Joins as CEO to Accelerate Commercialization
ROCKLEDGE, Fla.--(BUSINESS WIRE)--M2X Energy, a company building a scalable methane conversion technology, is emerging from stealth under the leadership of new CEO, Max Pieri, and preparing for the field demonstration of its commercial scale, modular gas-to-methanol plant this quarter.
The company was born on the idea that as long as oil and gas are a part of the energy mix, it’s critical to lower the industry’s environmental impact. Specifically, eliminating flare gas and venting is an urgent climate task. IEA estimates that natural gas flaring resulted in over 140 bcm of natural gas going to waste in 2021, which in addition to the direct 270 million tons of CO2 and 8 million tons of methane emissions each year, creates energy insecurity, as those volumes could be employed to satisfy the existing demand for natural gas. M2X Energy will help solve both problems: first by capturing 100% of methane emissions and then transforming the gas into low-carbon methanol.
Founded by Breakthrough Energy Ventures (BEV) in 2020 based on the dissertation work of co-founder and CTO Josh Browne, M2X raised $20 Million in Series A funding in late 2021. The raise was led by BEV and joined by Eni Next, Add Ventures by SCG, and Autodesk Foundation.
While using flare gas to make fuels or chemicals is not new, M2X’s key innovation solves the issues that has kept gas-to-liquids systems from being effective solutions in the field. By leveraging 120 years of engineering and a tried-and-true piece of equipment – the internal combustion engine – M2X is building gas to methanol plants that are modular, scalable, and run autonomously in the field. M2X’s units can be numbered up or down to adapt to the flare gas site, they handle the intermittency often found with flare gas, as well as run on a wide range of gas compositions.
“Reducing methane emissions from the oil and gas industry is critically important because methane has such a large climate impact in the short-term,” said Carmichael Roberts, Breakthrough Energy Ventures. “BEV-incubated M2X is well-positioned to tackle this industry challenge. Their technology will help oil and gas companies reduce flare gas emissions at the wellhead, while also uniquely creating value via clean methanol production.”
Path to Commercialization
Since completing its Series A round in 2021, M2X Energy has moved quickly to reach its next milestone: building and demonstrating a full-scale commercial unit in the field. To accelerate the building of its engine reformer, the key innovation in its methane conversion systems, M2X Energy enlisted the engineering capabilities at ECR Engines, a high-performance combustion engine Research, Development and Production company located on the Richard Childress Racing campus in Welcome, N.C., known mostly for its NASCAR engines. The engine reformer will be in field tests early this year.
The field demonstration for the full-scale commercial unit is expected in early spring 2023 with initial results available in the summer. After the initial commercial demonstrations, M2X Energy will begin to plan for the deployment at scale of its units to flare gas sites within the United States, and later internationally.
“This is a remarkably fast roadmap to commercialization for a two-years old hard-tech company. M2X offers a pragmatic solution to a big problem, with a tangible impact on the global energy transition to net-zero in a very short timeframe,” said M2X CEO Max Pieri.
Pieri is based out of Boston and joined the company last fall. He worked at Eni for fourteen years in the oil and gas space with experience in the Middle East, Southeast Asia, Africa and USA. He recognizes how M2X Energy’s technology addresses a priority problem for operators. As CEO, Pieri is focused on accelerating the commercial deployment of M2X Energy’s units, both in the U.S. market and internationally.
About M2X Energy
M2X Energy, Inc. is focused on methane conversion into low-carbon chemicals. Founded in 2020, its mission is to address natural gas flaring and venting by creating valuable products from otherwise wasted natural gas, reducing methane emissions on the oilfield, and producing low-carbon chemicals – methanol and hydrogen. More information can be found at: www.m2x.energy, or by contacting Diana Alcala, VP of Business Development: This email address is being protected from spambots. You need JavaScript enabled to view it..
Diana Alcala
VP of Business Development
This email address is being protected from spambots. You need JavaScript enabled to view it.
Brian Brickhouse, Joao Faria to retire
DUBLIN--(BUSINESS WIRE)--Intelligent power management company Eaton (NYSE:ETN) today announced that Mike Yelton will succeed Brian Brickhouse as president, Americas Region, Electrical Sector, and Pete Denk will succeed Joao Faria as president, Vehicle Group, effective April 1, 2023. Yelton will report to Heath Monesmith, president and chief operating officer, Electrical Sector. Denk will report to Paulo Ruiz, president and chief operating officer, Industrial Sector. Both Yelton and Denk will join Eaton’s senior leadership team.
“Brian and Joao are highly respected leaders within their industries and their teams,” said Craig Arnold, chairman and chief executive officer, Eaton. “With more than 35 years of service each, they’ve both been instrumental in making Eaton the company it is today. I thank them for the tremendous impact they’ve had and wish them well in retirement.”
Mike Yelton, who currently holds the role of president, Assemblies and Residential Solutions, Electrical Sector, Americas Region, has been with Eaton for 29 years. During this time, he’s served as vice president and general manager of Electrical Engineering Services, senior vice president and general manager of Commercial Distribution Products and Assemblies, and president, Commercial and Residential Distribution Solutions.
Pete Denk, who joined Eaton in 2018, is currently serving as president, North America, Vehicle Group. Denk has run the North American Vehicle business for four years, following nearly two decades at Bosch, including a decade of business leadership, where he held roles of increasing responsibility across the Operations, Engineering and General Management functions in North America and Germany.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Jennifer Tolhurst
+1 (440) 523-4006
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.