TORONTO--(BUSINESS WIRE)--$DMJ #carbonemissions--dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce substantial upturn of its 4th Quarter 2022 sales, primarily reflecting repeated international sales from existing clients and new sales in multiple applications.
These repeat dynaCERT sales follow several successful initial pilot projects in a variety of applications by several global companies applying HydraGEN™ Technology which is designed to improve fuel consumption and significantly reduce Greenhouse Gases (GHG’s).
dynaCERT has been successful in offering its HydraGEN™ Technology in a diversity of markets because of its distinct line of products which includes the following models: HG1 model designed for 10 to 15 litre diesel engines; HG2 model, designed for 1 to 8 litre diesel engines; HG4C designed for 30 to 60 litre diesel engines, HG6C designed for 60 to 90 litre diesel engines.
To date, these 4th Quarter 2022 sales represent one hundred and thirty-seven (137) confirmed orders of the Company’s HydraGEN™ Technology of which one hundred and twelve (112) have been delivered and twenty-five (25) confirmed orders which are scheduled for early 2023 delivery.
The following list shows sales volume in 4th Quarter 2022 by product model type and use of HydraGEN™ Technology:
Seventy-Three (73) HG1, Ontario Utility Company Vehicles
Five (5) HG1, Ontario Municipality Trucks and Equipment
Five (5) HG2, Ontario Municipality Trucks and Equipment
Five (5) HG1, Greater Toronto Area (GTA), Highway Service Vehicles
Two (2) HG2, Greater Toronto Area (GTA), Highway Service Vehicles
Six (6) HG1, Alberta Oil Company, Drilling Rigs in Canada
Sixteen (16) HG1, Australia, Road Trains
Six (6) HG2, Mexico, Trucking
Two (2) HG4C, Argentina, Mining
Four (4) HG6C, Voisey's Bay Mine, Mining Generator
Three (3) HG6C, Chile, Mining
Nine (9) HG1, Trucking and Locomotive in Europe (Germany, Switzerland, Austria and Portugal)
Two (2) HG2, Trucking in Europe
Ed Cordeiro, Director of Sales, Americas, of dynaCERT, stated, “Considerable effort by dynacert’s product development team over the course of 2022 has resulted in our HydraGEN™ Technology being modified and adapted to the unique specific needs of multiple industries. As a result of these on-going energies, dynaCERT now has HydraGEN™ Technology systems installed on Mining Vehicles, Oil Field Drill Rigs and Fracking Pumps, Road Trains Australia, Large Power Generation Equipment, Rail as well as our traditional markets of Local and Long Haul Transportation. dynaCERT’s sales department continues to build momentum in these sectors and exploring other markets in order to achieve a diversified user base with a global impact.”
Jim Payne, President and CEO of dynaCERT, stated, “I would like to take this time to recognize all the hard work and clever efforts that have resulted in such noteworthy technology advancements which results in dynaCERT now achieving repeated sales from our diverse base of customers and dealers world-wide.
Because of the strong commitments and ingenious inputs from our dealers and customers, our team has been able to upgrade, modify and customize our technology to accommodate so many different applications. Our team of engineers and staff have worked diligently to ensure that our product line can meet a diversity of needs and become robust to withstand the rigorous challenges that have been faced in deploying our technology under rigorous operating conditions around the globe.
I feel proud and confident that we have a commercialized and proven product line that is now helping improve many of today’s climate change requirements. Our products are designed to improve fuel economy and improve engine performance while achieving significant Carbon Emission Reductions and mitigating Greenhouse Gases (GHG’s). By achieving such deliverables, our patented HydraGEN™ and HydraLytica™ product lines are evidencing how our products can facilitate companies achieve their ESG goals while also benefitting with our current application process to register future Carbon Credits having world wide recognition.”
dynaCERT has received the Smart Sustainable Company Rating Seal after a rigorous analysis of Triple-A Analytics GmbH of Austria. This honourable distinction of dynaCERT and its HydraGEN™ Technology as it applies to the United Nations Sustainable Development Goals and United Nations Global Compact Principles, has been evaluated as “high”, the highest global ranking in its category.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.
READER ADVISORY
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, information relating to third party entities and clients cannot be independently verified. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com
Innovative project to utilize company’s proven SynCORTM autothermal reforming (ATR) technology to deliver best-in-class performance
DONALDSONVILLE, La.--(BUSINESS WIRE)--Ascension Clean Energy (ACE), a joint venture led by Clean Hydrogen Works (CHW), announced today the selection of Denmark’s Topsoe to provide licensing, engineering, proprietary hardware, and catalyst to the planned world-scale clean energy production and export facility in Ascension Parish, Louisiana. ACE is expected to produce 7.2 million metric tons of clean ammonia annually with Topsoe’s integrated blue hydrogen and ammonia solutions, including state-of-the-art SynCOR™ autothermal reforming (ATR) technology. This industry-leading technology is targeting a reduction of up to 98 percent of all CO2, which is contracted to be permanently sequestered by Denbury Carbon Solutions.
“A technology leader in decarbonization, Topsoe’s scientific and technical knowledge, experience, and partnership mindset make them an ideal technology provider for hydrogen and ammonia production, as well as carbon capture for ACE. We are pleased to work together in leading the clean energy transition,” said project Senior Vice President and Chief Development Officer Vee Godley.
Topsoe is the world’s largest hydrogen and ammonia technology licensor with a proven track record. The company’s leading carbon capture capabilities are especially suited for production at large capacities and with high carbon capture requirements. This next-generation technology is well-proven and will deliver an integrated approach to blue hydrogen production and carbon capture for ACE. Optimized to ensure the most reliable and highest purity hydrogen, Topsoe’s innovative technologies also provide greater efficiency and flexibility, using the least amount of energy in ACE’s production process.
Peter Vang Christensen, Topsoe Senior Vice President Technology added, “We are delighted to have been selected to support this flagship project that will showcase not only Topsoe’s world leading hydrogen and ammonia technologies, but also ACE’s leading role in the energy transition to decarbonized fuels.”
The planned location for the ACE project is a 1700-acre industrial site on the West bank of the Mississippi River in Donaldsonville, Louisiana. This site is ideally located near feedstock pipelines and existing infrastructure, with direct access to the Mississippi River. The project is expected to create 350 permanent, full-time jobs.
A final investment decision regarding ACE is expected in 2024.
About ACE
Ascension Clean Energy (ACE) is an innovative joint venture project by Clean Hydrogen Works, Denbury Carbon Solutions and Hafnia to pursue the development of a world-scale, clean hydrogen-ammonia production and export project in Ascension Parish, Louisiana. With an expected production capacity of 7.2 million metric tons of ammonia annually, up to 98 percent of CO2 released from this process (12 million metric tons annually) would be captured for permanent sequestration. ACE is expected to create 350 permanent, full-time jobs, as well as generate significant economic impact for the area. A final investment decision is expected in 2024. For more information, visit www.cleanhydrogenworks.com/ascension-clean-energy.
About Topsoe
Founded in 1940, Topsoe is a leading global developer and supplier of decarbonization technology, catalysts, and services for the energy transition. Our mission is to combat climate change by helping our 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.
ACE Media Contact
Lana Venable
225.328.8826
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The Romeoville, IL station to provide low-carbon fuel for Amazon fleet as part of nationwide RNG Expansion
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE--Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, announced the opening of another renewable natural gas (RNG) fueling station that will provide an anticipated 1.4 million gallons of the clean fuel annually for Amazon and other truck fleets in the greater Chicago area.
“The addition of the Romeoville station to our fueling network represents another step in the pathway for Amazon to realize significant carbon reduction for its transportation fleets,” said Chad Lindholm, senior vice president, Clean Energy. “Trucks that operate on diesel are incredibly harmful to the air we breathe and contribute to long-term climate change. Renewable natural gas is a viable solution that provides immediate benefits, and as such this station will mitigate greenhouse gas emissions and lessen the impact of climate change in the Chicago area.”
Located at 300 Southcreek Parkway, the Romeoville station is part of an agreement between Clean Energy and Amazon for Clean Energy to build 19 stations nationwide. The station is intended to support the retailer in its adoption of RNG, a sustainable fuel produced from organic waste, which has been given an average carbon rating of -317 by the California Air Resources Board and is helping fleets to further their carbon reduction and fiscal goals.
The station initially will fuel more than 100 Amazon trucks and is designed with sufficient fueling capacity to accommodate several hundred more trucks. Amazon heavy-duty trucks have already fueled at more than 86 existing Clean Energy stations around the country and under the agreement announced last year, another 17 new Clean Energy-owned stations are slated to follow Romeoville, with several expected to open early next year.
By dispensing 1.4 million gallons of RNG annually instead of diesel, the Romeoville station will reduce carbon emissions by 15,219 MT metric tons—the equivalent of growing 253,643 trees for ten years, removing 3,308 passenger cars from the road, or reducing 6,112 tons of landfill waste.
The Romeoville station spans 8.2 acres and includes multiple public access fast-fill dispensers for easy in-and-out fueling of RNG; time-fill posts for up to 152 trucks, allowing for cost-effective fueling and the most advanced technology transmitting real-time data to customers; and 153 parking places for drivers’ personal vehicles. Beginning today, this multi-million-dollar station gives the thousands of heavy-duty trucking fleets that operate throughout the busy Chicago area the ability to fuel with a clean, renewable, and sustainable fuel.
“We’re pleased that fleets that operate in Romeoville will now have the option to use RNG fuel,” said Romeoville Mayor John Noak. “It’s a fuel that will improve air quality and have a positive impact on climate change.”
Clean Energy is also investing in the production of renewable natural gas with partners, TotalEnergies and bp, at dairies throughout the Midwest. The RNG produced at these dairies and others around the country will flow into the Romeoville station and Clean Energy’s nationwide fueling infrastructure.
The RNG digesters at dairies allow their owners to solve the problem of fugitive methane while realizing an additional revenue stream.
For high resolution photos, video and more information visit https://www.cleanenergyfuels.com/amazon-stations.
Forward-Looking Statements
This news 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 that involve risks, uncertainties and assumptions, including without limitation statements about the opening and operation of the Romeoville, IL RNG fueling station and other fueling stations; the amount of fuel anticipated to be dispensed; environmental benefits of RNG; Clean Energy’s arrangements with Amazon; and the production of RNG at dairy farms. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @ce_renewables on Twitter.
Raleigh Gerber
949-437-1397
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WALTHAM, Mass.--(BUSINESS WIRE)--PerkinElmer Inc., (NYSE: PKI), a global leader committed to innovating for a healthier world, today announced that the Company will present at the annual J.P. Morgan Healthcare Conference on Tuesday, January 10, 2023 at 8:15 a.m. PT.
Prahlad Singh, president and chief executive officer, will provide an update on the Company and its strategic priorities.
To access the presentation, a live audio webcast will be available via this page. A replay of the presentation will be posted on the PerkinElmer Investor Relations website after the event and will be available for at least 30 days.
About PerkinElmer
PerkinElmer, Inc. is a global leader focused on innovating for a healthier world. The Company reported revenue of approximately $5 billion in 2021, has more than 16,000 employees serving customers in 190 countries, and is a component of the S&P 500 Index. Additional information is available at www.perkinelmer.com.
Investor Relations:
Steve Willoughby
(781) 663-5677
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Media Relations:
Chet Murray
(781) 663-5719
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”) today announced the closing of a previously announced acquisition of non-operated interests in the Northern Delaware Basin.
DELAWARE BASIN ACQUISITION
On December 16, 2022, NOG closed its previously announced acquisition of properties from a private seller. The closing settlement was $131.6 million in cash, which includes a $13.0 million deposit paid at signing in October 2022. The closing cash settlement is net of preliminary and customary purchase price adjustments and remains subject to post-closing settlements between NOG and the seller. More information regarding this acquisition can be found in NOG’s October 11, 2022, press release announcing the transaction, which is available here.
ABOUT NORTHERN OIL AND GAS
NOG is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about NOG can be found at www.northernoil.com.
SAFE HARBOR
This press release contains forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”). All statements other than statements of historical facts included in this release regarding NOG’s shareholder return plans, financial position, business strategy, plans and objectives of management for future operations, and other matters are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “guidance,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond NOG’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in crude oil and natural gas prices, the pace of drilling and completions activity on NOG's properties and properties pending acquisition, NOG's ability to acquire additional development opportunities, integration and benefits of property acquisitions, or the effects of such acquisitions on NOG’s cash position and levels of indebtedness, changes in NOG's reserves estimates or the value thereof, general economic or industry conditions, nationally and/or in the communities in which NOG conducts business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, NOG's ability to consummate any pending acquisition transactions, other risks and uncertainties related to the closing of pending acquisition transactions, NOG's ability to raise or access capital, changes in accounting principles, policies or guidelines, financial or political instability, health-related epidemics, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting NOG's operations, products, services and prices.
NOG has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond NOG's control. NOG does not undertake any duty to update or revise any forward-looking statements, except as may be required by the federal securities laws.
Investor Relations
(952) 476-9800
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The partnership will provide a holistic solution to help investors on the journey to decarbonizing their portfolios and meeting global ESG disclosure requirements
SAN FRANCISCO & LONDON--(BUSINESS WIRE)--Watershed, the leading enterprise climate platform, today announced a strategic partnership with Novata, the leading ESG data management platform built for private markets, to provide private investment firms with a comprehensive ESG solution. The partnership enables customers to benefit from both Watershed’s deep climate expertise and Novata's breadth of ESG knowledge.
By partnering with Watershed, which gives investors a comprehensive view of their financed emissions, actionable pathways to net zero, and expert climate advisors, Novata clients will have a solution to help satisfy disclosure requirements and investor requests for ESG data transparency. Novata’s ESG data management platform serves thousands of companies owned by private equity, private credit, and venture capital companies.
“We are thrilled to partner with Novata to help more investors start the journey to decarbonize their portfolios. Private markets are key to the climate transition but have lacked rigorous, comprehensive tools to support this critical work. Together, Watershed and Novata enable effective climate action and substantive value creation for all private investors,” said Watershed co-founder Taylor Francis.
“We are very pleased to partner with Watershed to provide our shared customers with a holistic data solution that addresses both the breadth of the ESG data landscape, as well as the intricate process of collecting carbon accounting data all under one roof,” said Lorraine Spradley Wilson, Chief Impact Officer and Head of ESG at Novata. ”We are committed to helping our customers seamlessly fulfill ESG and carbon disclosure requests, and this partnership is a testament to executing on that mission.”
Watershed Finance analyzes financed emissions in minutes, with streamlined portfolio onboarding. Clients can then identify emissions hotspots, model decarbonization strategies, engage their portfolio companies, and meet global disclosure requirements. Watershed’s customers — totaling more than $18 trillion in assets under management — include Bain Capital, Thoma Bravo, Baillie Gifford, and other leading firms.
Novata provides customers with a clear on-ramp for selecting ESG metrics, painless data collection, and data insights and analytics tools to inform investment decisions. Novata is a public benefit corporation formed by the Ford Foundation, Hamilton Lane, S&P Global, Omidyar Network, and more than a dozen private equity firms and pension funds.
ABOUT WATERSHED: Watershed is the enterprise climate platform. Leading companies like Walmart, Airbnb, Stripe, Klarna, and Block use our software to run end-to-end climate programs with quantifiable results. Watershed delivers granular, audit-grade carbon measurement; one-click disclosure and reporting; and real emissions reduction—all in a single, intuitive, enterprise-grade software platform. Watershed customers have access to our exclusive marketplace of scientifically vetted, high-additionality carbon removal projects and high-quality offsets; in-house climate and policy expertise; and ongoing support throughout their climate journey. For more information, please visit https://watershed.com/.
ABOUT NOVATA: Novata is a public benefit corporation created to enable the private markets to achieve a more sustainable and inclusive form of capitalism. Novata helps private equity firms and private companies to navigate the complex ESG landscape more easily by providing a technology platform that simplifies the process of selecting reporting metrics, provides clear and simple guidance for painless data collection, hosts a cutting-edge secure contributory database to store data, and offers unique tools for analysis and seamless reporting to key stakeholders, including limited partners and regulators. Novata was formed as a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network and is majority-controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.
Watershed: Amelia Penniman (This email address is being protected from spambots. You need JavaScript enabled to view it.)
Novata: Katie Stueber (This email address is being protected from spambots. You need JavaScript enabled to view it.)
DUBLIN--(BUSINESS WIRE)--The "Sustainable Aviation Fuel: Global Market Outlook" report has been added to ResearchAndMarkets.com's offering.
This report will cover the global SAF industry. Definitive and detailed estimates and forecasts of the worldwide markets are provided, followed by a detailed analysis of the regions, countries, and platforms. This report covers the present scenario and growth prospects of the global SAF market for 2022-2027.
As SAF is produced using renewable feedstock, it reduces carbon emissions by 80% in its lifecycle process. It also reduces other harmful gases like sulfur. Conventional jet fuels categorized as Jet A/A1 fuels have strict specifications, which are approved by a regulatory body ASTM. The primary grade of jet fuel should have the specification of ASTM D1655. The SAF meets the properties of conventional jet fuels, and thus it can also replace Jet A/A1 fuels entirely without altering the aircraft turbines.
To calculate the market size, the revenue generated through sales of SAFs for aviation industries, including commercial airlines, business, general airlines, military aircraft, and unmanned aerial vehicles, are considered. The report also presents the competitive landscape and a subsequent detailed profile of the key players operating in the market.
A negative economic outlook has been assumed in all the segments for 2020 due to COVID-19. A negative impact due to the Russia-Ukraine war that started in February 2022 has also been considered in this report. The growing economies are assumed to attract key companies in the market and increase consumer spending.
Furthermore, the study also discusses the market dynamics, such as drivers, restraints, opportunities, and challenges. It also examines new and emerging trends and their impact on current and future market dynamics.
Report Includes
In this backdrop, SAF is divided into two types:
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
3.1 Introduction
3.1.1 Sustainable Aviation Fuel Industry Trends
3.1.2 SAF Offtake Agreements
3.2 Factors Driving Market Growth
3.2.1 Pressing Need to Reduce CO2 Emissions
3.2.2 Growth in Air Travel
3.2.3 Green Public Relations
3.3 Market Restraint
3.3.1 High Cost
3.3.2 Policy Incentives
3.3.3 Feedstock Supply
3.4 Macroeconomic Factors of the SAF Market
3.4.1 Impact of COVID-19
3.4.2 Impact of the Russia-Ukraine war
Chapter 4 SAF by Technology
4.1 Technology
4.2 Global SAF Market, by Technology
4.3 Emerging Technology
4.3.1 Power-to-Liquid Technology
4.3.2 Sun-to-Liquid
4.4 Other Alternative Technology
4.4.1 Aircraft Electrification
4.4.2 Hydrogen Powered Aircraft
Chapter 5 SAF Market by Platform
5.1 Introduction
5.1.1 Commercial Flights
5.1.2 General and Business Flights
5.1.3 Unmanned Aerial Vehicles (UAVs)
5.2 Global SAF Market, by Platform
Chapter 6 SAF Market by Region
6.1 Introduction
6.2 Global SAF Market, by Region
6.3 Region-Wise Opportunities
Chapter 7 Company Profiles
7.1 Introduction
7.2 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/25f29s
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MONTREAL--(BUSINESS WIRE)--$LMR.V #graphite--Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals” or the “Company”) announces the Company received TSX-V approval and closed its private placement. It has issued 18,625,000 flow-through units (the “FT Units”) at a price of $0.04 per FT Unit for aggregate gross proceeds of $745,000. The Company is pleased to have offered the 30% Critical Mineral Exploration Tax Credit, its second time in 2022, which was introduced to support specified critical minerals exploration expenditures incurred in Canada.
Each FT Unit consists of one common share that will qualify as a “flow-through share” within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) and one common share purchase warrant (a “Warrant”) with each whole Warrant exercisable at a price of $0.06 per share for a period of two years following closing.
An insider of the Company subscribed for 1,875,000 FT Units. As such, this participation constitutes a “related party transaction” as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the FT Units acquired by the insiders nor the consideration for the FT Units paid by such insiders, exceed 25% of the Company’s market capitalization. The Company did not file a material change report 21 days prior to the closing date of the Offering as details of the respective participation of such insiders in the Offering was unknown at such time.
The Company has paid cash finder’s fees of $7,500.00 and will issue 187,500 non-transferable finder warrants exercisable at a price of $0.06 per share for a period of two years following closing.
The Company intends to use the gross proceeds of the flow-through private placement to incur Canadian Exploration Expenses and “flow-through mining expenditures” as defined in the Income Tax Act (Canada) and the Taxation Act (Québec) on the Company’s Laurentides regional graphite exploration program and the Bourier Lithium property, which will be incurred on or before December 31, 2023, and renounced with an effective date no later than December 31, 2022 to the subscribers of FT Units in an aggregate amount not less than the gross proceeds from the sale of the FT Units.
All the securities issued under the Offering are subject to a hold period of four months and one day expiring on April 20, 2023.
About Lomiko Metals Inc.
Lomiko Metals has a new vision and a new strategy in new energy. Lomiko represents a company with a purpose: a people-first company where we can manifest a world of abundant renewable energy with Canadian and Quebec critical minerals for a solution in North America. Our goal is to create a new energy future in Canada where we will grow the critical minerals workforce, become a valued partner and neighbour with the communities in which we operate, and provide a secure and responsibly sourced supply of critical minerals. Lomiko is ECOLOGO certified.
The Company holds exclusive mineral interests in its La Loutre graphite development in southern Quebec. The La Loutre project site is located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory. The KZA First Nations are part of the Algonquin Nation and the KZA territory is situated within the Outaouais and Laurentides regions. Located 180 kilometres northwest of Montreal, the property consists of 1 large, continuous block with 76 minerals claims totaling 4,528 hectares (45.3 km2). Lomiko Metals published a Preliminary Economic Assessment (“PEA”) on September 10, 2021 which indicated the project had a 15-year mine life producing per year 100,000 tonnes of the graphite concentrate at 95%Cg or a total of 1.5Mt of the graphite concentrate. This report was prepared as National Instrument 43-101 Technical Report for Lomiko Metals Inc. by Ausenco Engineering Canada Inc., Hemmera Envirochem Inc., Moose Mountain Technical Services, and Metpro Management Inc., collectively the Report Authors. The Bourier project site is located near Nemaska Lithium and Critical Elements south-east of the Eeyou Istchee James Bay territory in Quebec which consists of 203 claims, for a total ground position of 10,252.20 hectares (102.52 km2), in Canada’s lithium triangle near the James Bay region of Quebec that has historically housed lithium deposits and mineralization trends.
Mr. Mike Petrina, Project Manager, a Qualified Person (“QP”) under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release.
For more information on Lomiko Metals, review the website at www.lomiko.com
Contact Vince Osbourne at 647-528-1501
Belinda Labatte at 647-402-8379 or at 1-833-456-6456 or 1-833-4-LOMIKO
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Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Company; and any other information herein that is not a historical fact may be "forward-looking information" (“FLI”). All statements, other than statements of historical fact, are FLI and can be identified by the use of statements that include words such as "anticipates", "plans", "continues", "estimates", "expects", "may", "will", "projects", "predicts", “proposes”, "potential", "target", "implement", “scheduled”, "intends", "could", "might", "should", "believe" and similar words or expressions. FLI in this news release includes, but is not limited to: the Company’s objective to become a responsible supplier of critical minerals, exploration of the Company’s projects, including expected costs of exploration and timing to achieve certain milestones, including satisfactory completion of due diligence and ability to reach an agreement with third party owners in connection with projected acquisitions, timing for completion of exploration programs; the Company’s ability to successfully fund, or remain fully funded for the implementation of its business strategy and for exploration of any of its projects (including from the capital markets); any anticipated impacts of COVID-19 on the Company’s business objectives or projects, the Company's financial position or operations, and the expected timing of announcements in this regard. FLI involves known and unknown risks, assumptions and other factors that may cause actual results or performance to differ materially. This FLI reflects the Company’s current views about future events, and while considered reasonable by the Company at this time, are inherently subject to significant uncertainties and contingencies. Accordingly, there can be no certainty that they will accurately reflect actual results. Assumptions upon which such FLI is based include, without limitation: potential of future acquisitions presently evaluated by the Company; current market for critical minerals; current technological trends; the business relationship between the Company, local communities and its business partners; ability to implement its business strategy and to fund, explore, advance and develop each of its projects, including results therefrom and timing thereof; the ability to operate in a safe and effective manner; uncertainties related to receiving and maintaining exploration, environmental and other permits or approvals in Quebec; any unforeseen impacts of COVID-19; impact of increasing competition in the mineral exploration business, including the Company’s competitive position in the industry; general economic conditions, including in relation to currency controls and interest rate fluctuations.
The FLI contained in this news release are expressly qualified in their entirety by this cautionary statement, the “Forward-Looking Statements” section contained in the Company’s most recent management’s discussion and analysis (MD&A), which is available on SEDAR at www.sedar.com, and on the investor presentation on its website. All FLI in this news release are made as of the date of this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
On behalf of the Board,
Belinda Labatte
CEO and Director, Lomiko Metals Inc.
For more information, please contact:
Lomiko Metals Inc.
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1-833-456-6456
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--#energy--Linse Capital, a San Juan, Puerto Rico-headquartered growth equity firm, today announced the successful close of $700 million in capital raised. The capital will be allocated across the firm’s flagship fund –– Linse Capital Fund I (LCFI) –– alongside two co-investment vehicles for portfolio companies Skydio and Verkada.
LCFI has a dedicated commitment of $563 million to invest in world-leading industrial technology companies.
Michael Linse, formerly a partner at Kleiner Perkins, founded Linse Capital in 2015. He and Bastiaan Janmaat manage the firm and previously worked together as investors in Goldman Sachs’ Special Situations Group.
Since the firm’s inception, Linse Capital has raised more than $1.1 billion in committed capital. Linse Capital is backed by more than 400 family office investors, in addition to leading investment firms including affiliates of Oppenheimer & Co. and investment arms of publicly traded companies across the transportation, energy, logistics and real estate industries, including Daimler Truck and Taiwan Mobile.
LCFI will embrace Linse Capital’s concentrated strategy of investing in a select handful of new companies per year, investing between $100 million and $400 million in each business over time. Linse Capital aims to become the largest or one of the largest shareholders at exit. Linse Capital was a leading early investor in ChargePoint (CHPT: NYSE), an electric vehicle infrastructure company operating the largest network of independently owned electric vehicle charging stations. ChargePoint went public in 2021, and Linse Capital was the largest shareholder at IPO.
“We are in the early innings of the fourth industrial revolution, where technological trends such as artificial intelligence and software-enabled hardware are bringing unprecedented innovation to industries that have traditionally been slower to innovate,” said Bastiaan Janmaat, Linse Capital managing director. “We are grateful for the support of the large LP network we have assembled. Most of all, it’s exciting to back the founders and change-makers building the companies that are at the forefront of this new paradigm.”
Driving The Fourth Industrial Revolution
Industrial technology was long overlooked by venture capitalists due to its idiosyncratic risks –– it can be capital intensive, can require building supply chains and actual production facilities, typically involves deep engineering, and regulatory factors can become significant tailwinds or headwinds. A company that can traverse those risks finds itself in a position where those same risks become a moat around their business.
These are also companies that tend to be transformational for their industries, leading to more efficient, faster, cheaper, cleaner processes. It takes an exceptional founding and management team to build that kind of business. Linse Capital seeks to identify, invest in and provide strategic support for these types of companies.
McKinsey estimates Industry 4.0 will rapidly expand in the next few years and provide $3.7 trillion in value creation by 2025. Governments are coming to realize that these are some of the world’s most important businesses to nurture. We are seeing growing support, including the recent U.S. Infrastructure and Jobs Act as well as the Inflation Reduction Act, which together mandate in excess of $1 trillion in spending, much of it going toward the products and technologies of leading industrial-technology companies.
Doubling Down Across the Portfolio
Linse Capital believes building a high conviction and concentrated portfolio is the right approach to investing in industrial technology companies. When the firm identifies a world-class industrial technology company, Linse Capital prioritizes deep involvement in the company and outsized follow-on investments over broadening the portfolio. Linse Capital’s current portfolio, spanning LCFI as well as prior funds, includes the following market leaders:
About Linse Capital
Linse Capital is a growth equity firm that leverages multi-decade macro trends and deep sector knowledge to partner with a select number of entrepreneurs in the energy, mobility, logistics and real estate sectors, helping their businesses become world leaders in their respective industries. Linse Capital is headquartered in Puerto Rico and has raised $1.1 billion since inception. For more information, please visit www.linsecapital.com.
Treble
Ethan Parker
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ROCKVILLE, Md.--(BUSINESS WIRE)--#cleanenergy--Savvy business decisions, operational integrity at every level, partnerships with like-minded companies and favorable federal and state-level policies helped Standard Solar experience another year of landmark accomplishments in 2022.
“We are well-positioned for accelerated growth in 2023 thanks to the momentum generated by our success in 2022,” said Scott Wiater, CEO and president of Standard Solar. “We will not rest on our laurels, though. We’ll strive to be an even stronger leader in the industry by tirelessly working to transition the country to clean energy and providing affordable, cleaner electricity to people throughout the United States.”
Highlights in 2022 included:
Finalizes Acquisition by Brookfield Renewable to Ensure Expansion
In September, Standard Solar was acquired by Brookfield Renewable, one of the world’s largest publicly traded, pure-play renewable power platforms with a generating ability of nearly 24,000 megawatts (MW). The acquisition, which allows Standard Solar to operate independently, gives the solar company freedom to grow its workforce and projects thanks to Brookfield Renewable’s access to large-scale capital and expansive supply chain, and deep industry experience and expertise.
Growth at Every Level in 2022
Standard Solar is over 120 people strong and counting. In 2022, the company added a wide variety of positions to its dynamic and diverse team, from technicians to senior-level executives, due to the increasing demand for solar energy. Hiring remains ongoing, and the company expects to increase its workforce in 2023.
Rapidly Expanding Portfolio, Extends into New Market
Standard Solar continued to expand its national footprint with projects in the more than 20 states where they already have a presence, 280 MW in long-term asset ownership and more than 200 successful projects. The company further added to its ownership portfolio in a new state, Idaho, by acquiring a 28.5 MW fully functional commercial array in Mountain Home, one of the largest acquisitions for the company to date. Standard Solar contracted over 100 MWs in 2022 and has a robust development pipeline and a strong team to execute on significant growth opportunities across several high-value solar markets in the U.S. in years to come.
High Rankings on Solar Power World Lists
Among industry rankings in 2022, Standard Solar earned the number 3 commercial contractor spot on Solar Power World’s annual Top Solar Developers list and the number 37 spot out of 411 solar companies on the Top Solar Contractors list. Part of the criteria for placement is kilowatts installed in the previous year; Standard Solar installed 134,746.45 kW in 2021. Solar Power World is regarded as a premier media outlet for the U.S. solar market.
Inflation Reduction Act (IRA) Reinforces Renewables
Signed into law by President Biden in August, the IRA is intended to bolster the renewable energy industry with substantial tax breaks and incentives as the industry leads the country in the transition to clean energy. Solar and other renewable energy companies, underserved communities, homeowners, consumers and the environment stand to benefit from the IRA. Standard Solar is in a good position to receive tax breaks for projects underway and in the pipeline.
Portfolio Achieved High Rankings by Wood Mackenzie
In 2022, Standard Solar was ranked as the fifth largest portfolio owner of commercial solar by Wood Mackenzie, one of the world’s leading research and consultancy firms for the energy, chemicals, metals and mining industries.
Earns Great Place to Work Certification
Knowing a healthy company environment yields the best results, Standard Solar asked Great Place to Work, a global authority on workplace culture since 1992, to survey its employees. The majority of Standard Solar employees (87 percent) rated the company as a great place to work, compared to just 57 percent of employees at a typical U.S. company. In the survey, employees ranked Standard Solar high — 94 percent and higher — for responsibility assigned, management integrity, professionalism, care for others and reasons for telling others they’re proud to work at Standard Solar.
Diversity, Equity, Inclusion and Justice Efforts Receive Bronze from SEIA
Standard Solar was also awarded Bronze Certification by the Solar Energy Industries Association for its work on diversity, equity, inclusion and justice (DEIJ) in the workplace. The DEIJ Certification Program Company allows SEIA members to showcase their DEIJ progress and rewards their performance in various programs, training and resource development. Company leadership recognizes that diversity at every level needs to be a part of the organization to have an impact.
A Variety of Key Projects Through Collaboration are Completed
In conjunction with partners, Standard Solar completed and acquired a solar + storage project for the Acton Water District in Massachusetts. The system is an innovative 4.69-megawatt (MW) solar and 4-megawatt hour (MWh) storage project, which helps customers minimize their reliance on non-renewable sourced energy during evening hours.
In the spring, Standard Solar, along with partners, completed an 11.52 MW solar project that serves members of the Tri-County Energy Consortium, which includes 28 New York municipalities and school districts in Jefferson, Lewis and St. Lawrence counties. Members of the consortium are anticipated to save between $400,000 and $500,000 annually on energy costs.
In the summer, Standard Solar completed a multi-pronged project for The Center School, which serves the needs of special education students in New Jersey, consisting of roof restoration with a solar installation on its rooftop, a newly paved parking lot and a solar carport. Because the school’s budget was limited, Standard Solar covered much of the cost through the Power Purchase Agreement (PPA). The 611-kilowatt rooftop and carport array are expected to save the school $30,000 annually.
Standard Solar and partners completed a 7.1 MW single track axis array in York, NY, in the fall. Dedicated to Thomas Guzek, renewable energy advocate and founder of SolarPark Energy, the community solar farm will benefit hundreds of residents in the area.
Standard Solar completed its first community solar project in Oregon in December. The project, in Clackamas County, generates 3.6 million kilowatt hours annually for residents and large, iconic corporations including Microsoft, Nike and others. With Oregon mandating that 50 percent of its electricity comes from renewable sources by 2040, Standard Solar has more projects in the pipeline for the state.
Also completed in the fall was the 17th of 20 solar sites on the campus of Colorado State University. The project, which totals 4.25 MW at present, will help the university reach its goal of meeting its electrical needs with 100 percent renewable energy by 2030 and becoming carbon neutral by 2040.
“Smart business decisions, valuing each and every one of our employees and collaborating with the right partners contributed to another banner year for Standard Solar,” Wiater said. “What we’ve accomplished in 2022 has become part of our playbook, which we’ll use to expand on our success in the future.”
About Standard Solar
Standard Solar, a Brookfield Renewable company, is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 18 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 300 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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DUBLIN--(BUSINESS WIRE)--The "Disruptive Technologies Accelerating the Growth of Concentrated Solar Power" report has been added to ResearchAndMarkets.com's offering.
This research service focuses on new and disruptive technologies in the concentrated solar power (CSP) industry.
Solar energy technology has witnessed consistent improvements in terms of energy and cost efficiency. While solar photovoltaics is currently the most widely adopted method of solar energy utilization, CSP technology has several features which make it an attractive alternative at the utility scale for energy generation and heating applications.
The key advantage of a CSP system is its ability to store excess electricity in the form of thermal energy. CSP technologies generate electricity by utilizing mirrors to reflect, concentrate, and direct incident sunlight onto a specific point to create thermal energy.
This thermal energy can then be either stored in thermal energy storage devices or used to create steam to drive turbines for electricity generation.
This enables CSP to be the source of both electrical and thermal energy and find applications in heat recovery. However, despite the ability to offer better conversion efficiencies, the capital expenditure of CSP technology is hindering deployment.
This study provides the following:
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. Technology Snapshot
4. Innovation Ecosystem: Companies to Watch
5. Regulatory Landscape and IP Analysis
6. Growth Opportunity Universe
7. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/5wa9cn
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LAS VEGAS & OSAKA, Japan--(BUSINESS WIRE)--Sharp Corporation (TOKYO:6753) is set to return to CES 2023 with an advanced technologies and products that embody the company’s ESG-focused management under the four themes of New Energy, Automotive, AR/VR, and TV.
Location of Sharp Booth:
Petrus Ballroom, Wynn Las Vegas Hotel
3131 Las Vegas Blvd., Las Vegas, NV 89109, U.S.A.
Exhibit Dates and Time:
January 5 to January 8, 2023 (Thursday to Sunday); 10 a.m. – 5 p.m.
Sharp will unveil for the first time outside of Japan the LC-LH (Liquid and Crystal Light Harvesting), an indoor photovoltaic device developed by integrating dye-sensitized solar cells and LCD technology. Sharp will also exhibit perovskite solar cells, which are attracting attention as the next generation of solar cells.
Passenger Information Display utilizing viewing angle control will be introduced as advanced automotive devices. Compound photovoltaic module with the world’s highest*1 conversion efficiency is expected to be installed on vehicles such as EVs, as well as used in aerospace and aviation applications.
Ultra-lightweight head-mounted displays prototype for VR equipped with its latest devices, such as an ultra-high-resolution display, ultra-high-speed autofocus camera, and ultra-compact proximity sensor would be displayed at AR/VR corner.
Visitors can experience a new generation of images with outstanding brightness and color expression created by mini LED backlighting and quantum-dot technology for the flagship AQUOS XLED TV model for the global market. In addition, Sharp will unveil a prototype of one of the world’s largest*2 120-inch model*3 for the first time.
About Sharp
Sharp Corporation is a worldwide developer of innovative products and core technologies that play a key role in shaping the future of electronics. Also with high technology at their core, Sharp have developed many “world-first”, “Japan-first”, and “industry-first”, hardware and devices. Being the origin of countless innovations, through these developments, Sharp will continue to revolutionize the world. Sharp Corporation employs 48,165 people around the world (as of September 30, 2022) and recorded consolidated annual sales of 2.5 trillion yen for the fiscal year ended March 31, 2022.
*1 As of December 15, 2022, for photovoltaic modules at the research level (according to Sharp findings) |
*2 As of December 15, 2022, for LCDs equipped with mini LED backlights (according to Sharp findings) |
*3 The 120-inch AQUOS XLED is not equipped with a tuner for receiving TV broadcasts. |
Sharp Corporation
PR/Branding Team
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-- Completes Business Model Transformation into a Pure-play Clean Energy Provider--
--Stronger Financial Position with Substantially Reduced Cash Usage--
WIXOM, Mich.--(BUSINESS WIRE)--Spruce Power (NYSE: SPRU) (“Spruce” or the “Company”; formerly known as XL Fleet), a leading owner and operator of distributed solar energy assets across the United States, today announced completion of its strategic transformation to a pure play clean energy solutions business:
The Company anticipates that these actions will be completed by January 1, 2023 and should significantly reduce future operating cash use. Additionally, Spruce believes that the previously disclosed warranty reserve is sufficient to meet probable claims covering those vehicles currently under warranty.
“These actions transform our business into a pure-play provider of clean energy solutions to residences and small businesses,” said Eric Tech, Chief Executive Officer of Spruce Power. “We are excited that our former colleagues will have a new opportunity with Shyft to bring EV solutions to specialty commercial vehicle manufacturing, assembly, and upfit. We wish them well in the transition.”
Tech continued, “With these steps, our business transformation is complete, and we enter 2023 in a strong position, able to unlock the value of Spruce Power as a streamlined and refocused company. As a pure play renewable energy provider, we can soon transition the Chief Executive Officer role from me to our President Christian Fong. We expect to announce that transition in the weeks ahead.”
About Spruce Power
Spruce Power is a leading owner and operator of distributed solar energy assets across the United States. We provide subscription-based services that make it easy for homeowners and small businesses to own and maintain rooftop solar and battery storage. Our as-a-service model allows consumers to access new technology without making a significant upfront investment or incurring maintenance costs. Our company has more than 51,000 subscribers across the United States. For additional information, please visit www.sprucepower.com.
Forward Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to: expectations regarding the growth of the solar industry, home electrification, electric vehicles and distributed energy resources; the ability to successfully integrate the Spruce Power acquisition; the highly competitive nature of the Company’s business and markets; the ability to execute on and consummate business plans in anticipated time frames; litigation, complaints, warranty claims, product liability claims and/or adverse publicity; results of operations, financial condition, regulatory compliance and customer experience; the potential loss of customers; privacy and data protection laws, privacy or data breaches, or the loss of data; general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; risks related to the rollout of the Company’s business and the timing of expected business milestones, including supply chain and labor shortage challenges in the solar panel markets; the effects of competition on the Company’s future business; the availability of capital; and the other risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K filed on March 31, 2022, subsequent Quarterly Reports on Form 10-Q and other documents that the Company files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and the Company specifically disclaims any obligation to update these forward-looking statements.
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HOUSTON--(BUSINESS WIRE)--PNC Bank, National Association, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), today declared a monthly cash distribution to the holders (the “Unit Holders”) of its units of beneficial interest (the “Units”) of $4,488,193.46 or $0.096295 per Unit, based primarily upon the reported production of the Trust’s subject interests (the “Subject Interests”) during the month of October 2022. The distribution is payable January 17, 2023, to the Unit Holders of record as of December 30, 2022.
For the production month of October 2022, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $6,052,622 ($4,539,467 net royalty amount to the Trust).
Hilcorp reported $9,458,334 of total revenue from the Subject Interests for the production month of October 2022, consisting of $9,801,968 of gas revenues, $153,547 of oil revenues and other revenues of $(497,181) related to a correction to the prior month’s settlement differences and related interest. Hilcorp has informed the Trustee that it has implemented additional controls to enhance the reporting process and reduce the need for future corrections. For the Subject Interests, Hilcorp reported $3,405,712 of production costs for the production month of October 2022, consisting of $2,081,343 of lease operating expense, $1,212,137 of severance taxes and $112,232 of capital costs.
Based upon the information that Hilcorp provided to the Trust, gas volumes for the Subject Interests for October 2022 totaled 2,074,030 Mcf (2,304,478 MMBtu), as compared to 1,995,001 Mcf (2,216,668 MMBtu) for September 2022. Dividing gas revenues by production volume yielded an average gas price for October 2022 of $4.73 per Mcf ($4.25 per MMBtu), as compared to an average gas price for September 2022 of $7.32 per Mcf ($6.59 per MMBtu).
Production from the Subject Interests continues to be gathered, processed, and sold under market sensitive and customary agreements, as recommended for approval by the Trust’s Consultant. The Trustee continues to engage with Hilcorp regarding its ongoing accounting and reporting to the Trust, and the Trust’s third-party compliance auditors continue to audit payments made by Hilcorp to the Trust, inclusive of sales revenues, production costs, capital expenditures, adjustments, actualizations, and recoupments. The Trust’s auditing process has also included detailed analysis of Hilcorp’s pricing and rates charged. As previously disclosed in the Trust’s filings, these revenues and costs (along with all costs) are the subject of the Trust’s ongoing comprehensive audit process by our professional consultants and outside counsel to ensure full compliance with all the underlying operative Trust agreements and evaluating all available potential remedies in the event there is evidence of non-compliance.
Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
San Juan Basin Royalty Trust
PNC Bank, National Association
PNC Asset Management Group
2200 Post Oak Blvd., Floor 18
Houston, TX 77056
website: www.sjbrt.com
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ross Durr, RPL, Senior Vice President & Mineral Interest Director
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
KILGORE, Texas--(BUSINESS WIRE)--Enviro Technologies U.S., Inc. (OTC Pink: EVTN) (“EVTN” or the “Company”) today announced that its Board of Directors has approved and declared a record date and distribution date for a four-for-one forward split of the Company’s common stock. The intended forward stock split was previously announced on September 7, 2022 following the Company’s acquisition of Banner Midstream Corp. Company shareholders of record at the close of business on December 30, 2022 will receive three additional shares of the Company’s common stock for each then-held share of common stock. The additional shares will be distributed after the close of business on January 16, 2023. Trading will begin on a stock split-adjusted basis on January 17, 2023. Following the forward stock split, there will be approximately 74,268,332 common shares issued and outstanding and 1,000,000,000 authorized common shares.
On September 13, 2022, Ecoark Holdings, Inc. (“Ecoark”) (NASDAQ: ZEST) announced the rebranding and renaming of Enviro Technologies, a majority-owned indirect subsidiary, to Wolf Energy Services. On September 7, 2022, Enviro filed with the State of Florida to begin conducting business as Wolf Energy Services. The Company expects to request approval from its shareholders and the Financial Industry Regulatory Approval (“FINRA”) to formally change its business name to Wolf Energy Services Inc. This rebranding and renaming initiative is the completion of the Company’s first planned step, after its recently completed reverse merger, to begin developing a larger and more diversified oilfield services company.
About EVTN
EVTN, through its wholly owned subsidiary, Banner Midstream Corp., has two operating subsidiaries: Pinnacle Frac Transport LLC (“Pinnacle Frac”) and Capstone Equipment Leasing LLC (“Capstone”). Pinnacle Frac provides transportation of frac sand and logistics services to major hydraulic fracturing and drilling operations. Capstone procures and finances equipment to oilfield transportation service contractors.
Safe Harbor Disclosure
This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of EVTN. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, including EVTN beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to EVTN as of such date. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, the risks and uncertainties set forth in our Annual Report on Form 10-K for the year ended December 31, 2021 and Form 10-Q for the quarterly period ended September 30, 2022, as filed with the Securities and Exchange Commission. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of EVTN and are difficult to predict. EVTN undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Jim Galla
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LOS ANGELES--(BUSINESS WIRE)--Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson” or “Kayne”) is excited to announce the launch of The Kayne Anderson Renewable Infrastructure Index (Ticker: KRII), created in collaboration with S&P Dow Jones Indices.
Rapid growth in renewable energy has led to rapid growth in the universe of publicly traded companies that own, operate and develop renewable infrastructure. Much like Kayne Anderson helped establish master limited partnerships, or “MLPs”, as an asset class two decades ago, Kayne is seeking to define the renewable infrastructure sector as a distinct asset class for investors. Like other areas of the energy infrastructure industry, Kayne believes renewable infrastructure has many favorable attributes that should resonate with investors. Kayne began investing in listed renewable infrastructure in 2013 and established its first dedicated renewable infrastructure fund in 2017. Today, Kayne manages approximately $1.5 billion in listed renewable infrastructure, making it one of the largest managers in this rapidly growing sector.
The Kayne Anderson Renewable Infrastructure Index (ticker: KRII) is a modified floated-adjusted market cap weighted index comprised of publicly traded companies which derive the majority of their revenues from renewable energy infrastructure and related businesses, and stand to benefit from the transition towards emission-free energy sources, such as wind, solar and energy storage.
“Kayne is very excited to launch KRII. Renewable infrastructure is one of the most attractive investment opportunities in the global infrastructure sector and this index helps define the universe of publicly traded companies,” said J.C. Frey, Co-Head of Kayne’s renewable infrastructure strategies. “The energy transition is a global megatrend that will benefit the renewable infrastructure sector for the next several decades. In addition to the sector’s investment attributes, we are proud to invest in companies that are providing the infrastructure to transition the world to renewable energy.”
“While it is clear investors are interested in renewable energy, until now there has not been a transparent index to define the opportunity set for listed renewable infrastructure companies,” said Jim Baker, Co-Head of Kayne’s energy infrastructure platform. “Just like Kayne Anderson helped establish the MLP sector, Kayne is proud to collaborate with S&P Dow Jones Indices to launch what we believe will be the index that helps define the sector as an asset class.”
“It is clear the world needs both renewables and traditional energy to power the global economy,” said Al Rabil, CEO of Kayne Anderson. “Kayne Anderson has a long track record of success in the energy industry. Today’s announcement is a continuation of our leadership role in providing best-in-class investment alternatives for investors in the energy infrastructure industry.”
“S&P Dow Jones Indices is honored to expand its relationship with Kayne Anderson,” said Michael Mell, Senior Director, Product Management, Custom Indices at S&P Dow Jones Indices. “As a calculation agent, S&P DJI enables customers like Kayne Anderson to leverage our depth of experience as an independent global index provider in order to build customized index-based concepts that are in turn used to deploy a specialized, proprietary index-based investment strategy.”
About Kayne Anderson:
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on renewables, infrastructure/energy, real estate, credit, and growth capital. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages over $34 billion in assets for institutional investors, family offices, high net worth and retail clients and employs 325 professionals in five core offices across the U.S.
For more information, please visit www.kaynecapital.com
Paul Blank (310-284-6410)
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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. ("ProPetro" or the “Company") (NYSE: PUMP) today announced the appointment of John J. (“Jody”) Mitchell as General Counsel and Corporate Secretary, effective January 1, 2023. Mr. Mitchell, who currently serves as Vice President and Deputy General Counsel of ProPetro, will succeed Newton W. (“Trey”) Wilson III, who will retire, effective December 31, 2022.
Sam Sledge, ProPetro Chief Executive Officer, said, “We are pleased to announce Jody’s appointment as ProPetro’s next General Counsel. Jody has quickly become a valuable member of the ProPetro leadership team with his significant legal expertise, commercial acumen, leadership capabilities, and well-rounded experience in our industry. I’m excited to continue working alongside Jody as we focus on executing our strategy and delivering value to our shareholders.”
Mr. Sledge added, “On behalf of the entire Board and management team, I want to thank Trey for the significant contributions he has made to our company over the past three years. During his tenure, Trey helped ProPetro successfully navigate some of the most challenging moments in our history, including a global pandemic. Throughout, he led our legal department with the utmost integrity and commitment while also mentoring and advising many leaders across our business. We are grateful for his leadership and wish him all the best in his retirement.”
“It has been a privilege to work with one of the most dedicated and talented teams in the business, and I could not be prouder of what we have accomplished together,” said Mr. Wilson. “With Jody assuming the role, I am confident in the continued execution of our long-term succession plan and I look forward to watching the Company’s continued success for years to come.”
Mr. Mitchell commented, “I am honored to be named General Counsel at a time of such strength and momentum for ProPetro. I look forward to working with Sam and the rest of the team as we continue to execute on the opportunities ahead for ProPetro.”
About Jody Mitchell
Mr. Mitchell brings more than 15 years of legal experience in the oil and gas industry. Prior to joining ProPetro in 2021 as Vice President and Deputy General Counsel, he served in a number of senior roles at Concho Resources, including as Director of Marketing and Midstream and Associate General Counsel. He began his career as an Associate at Locke Lord Bissell & Liddell LLP, concentrating on oil, gas and energy litigation and construction litigation. Mr. Mitchell received a Bachelor of Arts from The University of Texas at Austin and a Juris Doctor from the University of Houston.
About ProPetro
ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing completions services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. For more information visit www.propetroservices.com.
Forward-Looking Statements
Except for historical information contained herein, the statements and information in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words “may,” “could,” “plan,” “project,” “budget,” “predict,” “pursue,” “target,” “seek,” “objective,” “believe,” “expect,” “anticipate,” “intend,” “estimate,” and other expressions that are predictions of, or indicate, future events and trends and that do not relate to historical matters identify forward-looking statements. Our forward-looking statements include, among other matters, statements about our business strategy, industry, future profitability, expected fleet utilization, sustainability efforts, the future performance of newly improved technology, expected capital expenditures and the impact of such expenditures on our performance and capital programs. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. We believe that we have chosen these assumptions or bases in good faith and that they are reasonable.
Although forward-looking statements reflect our good faith beliefs at the time they are made, forward-looking statements are subject to a number of risks and uncertainties that may cause actual events and results to differ materially from the forward-looking statements. Such risks and uncertainties include the volatility of oil prices, the operational disruption and market volatility resulting from the COVID-19 pandemic, the global macroeconomic uncertainty related to the Russia-Ukraine war, and other factors described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, particularly the “Risk Factors” sections of such filings, and other filings with the Securities and Exchange Commission (the “SEC”). In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it, including matters related to shareholder litigation. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements and are urged to carefully review and consider the various disclosures made in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other filings made with the SEC from time to time that disclose risks and uncertainties that may affect the Company’s business. The forward-looking statements in this news release are made as of the date of this news release. ProPetro does not undertake, and expressly disclaims, any duty to publicly update these statements, whether as a result of new information, new developments or otherwise, except to the extent that disclosure is required by law.
Investor Contacts:
David Schorlemer
Chief Financial Officer
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432-227-0864
Matt Augustine
Senior Manager - Corporate Development & Investor Relations
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432-848-0871
DUBLIN--(BUSINESS WIRE)--The "Microporous Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global microporous insulation market size reached US$ 148.1 Million in 2021. Looking forward, the publisher expects the market to reach US$ 192.5 Million by 2027, exhibiting a CAGR of 4.47% during 2021-2027.
Microporous insulation is a composite material available in compact powder or fiber form with opacifiers. It offers compressive strength, minimal thermal shrinkage, excellent fire barrier, and resistance to liquids, vibration, and chemicals. As it is inorganic and non-combustible, it is considered suitable for passive fire protection applications.
Besides this, it is widely used in refining and petrochemical manufacturing plants for industrial process piping and equipment. It is also utilized in filler material for mattresses, cassettes, heat shields, and expansion joints across the globe.
Microporous insulation is used in the nuclear steam supply system (NSSS) to control the heat of various elements, including reactors, pipes, pumps, and valves. The growing demand for nuclear energy due to the increasing consumption of electricity, along with the rising concerns about environmental pollution and climate change, acts as a major growth-inducing factor.
Moreover, the increasing air traffic is catalyzing the demand for microporous insulation for heat shields and protection of data recorder boxes of airplanes.
The rising exploration of oil and gas activities to deep-water areas is also promoting the use of microporous insulation in subsea pipelines. Apart from this, it is employed in the automotive industry to meet specified heat loss requirements. As microporous insulation is environmental-friendly, it is gaining traction in road, marine, and railway applications. Furthermore, its escalating demand in the energy and power, aerospace, and defense sectors is strengthening the market.
Additionally, major market players are investing in research and development (R&D) activities to develop innovative product variants and meet constantly changing consumer needs. They are also offering high-quality acoustic insulation, which is anticipated to propel the growth of the market.
Companies Mentioned
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global microporous insulation market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, product and application.
Breakup by Material:
Breakup by Product:
Breakup by Application:
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/non64g
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Global Artificial Lift Systems Market, By Type (Electric Submersible Pump, Progressive Cavity Pump, Rod Lift, Gas Lift, and Others), By Application (Onshore, Offshore), By Component, By Region, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
The global artificial lift systems market is expected to witness robust growth.
The growth of the market is attributed to heavy shale oil and heavy oil gas production due to massive energy demands across the globe. Negative effects on the environment and limited availability of conventional energy sources on earth are shifting the focus towards the adoption of unconventional energy sources.
Also, the high-end investments by the market players to adopt advanced technologies to increase the production from mature fields are expected to create numerous growth opportunities for the market players in the coming year.
North America is expected to capture the highest market share in the forecast period, 2023-2027. Technological advancements and innovations in the artificial lift systems market influence the demand.
Also, the rise in demand for energy from major cities of North America and the development of multi-well facilities by key players integrated with artificial lift system is bolstering the market growth.
Major companies are developing advanced technologies and launching new products to stay ahead in the market.
Objective of the Study:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global artificial lift systems market.
Report Scope:
Years considered for this report:
Artificial Lift Systems Market, By Type:
Artificial Lift Systems Market, By Application:
Artificial Lift Systems Market, By Component:
Artificial Lift Systems Market, By Region:
North America
Europe
Asia-Pacific
Middle East & Africa
South America
For more information about this report visit https://www.researchandmarkets.com/r/tvmxqs
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today launched a proof of concept ("PoC") project with Vantage Towers Greece (“Vantage Towers”) to replace diesel generators with fuel cells. Vantage Towers Greece is the largest and only independent tower infrastructure company in Greece, operating more than 5,250 towers for Vodafone Greece and Wind Hellas. By replacing diesel generators with fuel cells at non-permanent sites that are not connected to the power grid, they can be supplied with electricity even more environmentally friendly.
Under the PoC, Vantage Towers Greece, a subsidiary of Vantage Towers Group, one of Europe's leading tower companies, will explore the applicability of Advent's Serene biomethanol-powered fuel cell systems as back-up and primary power sources for its telecom towers. This new collaboration is particularly aligned with the overall strategy of Vantage Towers, which aims to drive sustainable digitalization in Europe by reducing carbon emissions across their network by using clean energy solutions. Following the successful completion of the PoC project in Greece, Advent and Vantage Towers could consider wider deployments.
Liquid biomethanol as a carrier of hydrogen allows for easier transportation, logistics and storage compared with hydrogen gas, and enhances the safety of operations by simultaneously achieving more than 80% CO2 emissions reduction compared to diesel generators. Key advantages of using Advent's methanol-powered fuel cells include:
In addition, Advent fuel cells can operate across a range of conditions, such as weather, ambient temperatures from as low as -20°C and up to +50°C, and work in humid and polluted environments. Advent has already installed approximately 500 methanol-powered Serene fuel cell systems in the Asian market, primarily used as back-up and primary power source for the telecommunications sector.
Athanasios Exarchos, Chairman & Managing Director of Vantage Towers Greece, stated: "Operating more than 5,250 towers in Greece and constantly expanding our presence, at Vantage Towers we work every day to connect people, businesses, and devices in Greek cities, islands and rural areas, making a significant contribution to a better-connected Europe. Vantage Towers is highly interested in using fuel cells to drive carbon emissions reductions in the European telecom sector as back-up and primary power source. We look forward to the successful completion of this PoC project and the continuation of our collaboration with Advent, as it will further enhance the Group’s goal to continue supporting partners through technological innovation in decarbonization and achieving their climate goals."
Dr. Vasilis Gregoriou, Advent Technologies Chief Executive Officer & Executive Chairman of the Board, commented: "Regardless of the location, I strongly believe that fuel cells are the most appropriate solution when there is a need for uninterrupted and sustainable back-up power, particularly for off-grid locations. We are delighted that Vantage Towers Greece has recognized the great potential that Advent's biomethanol-powered fuel cells hold for decarbonizing their operations. We truly hope this is the beginning of a long and fruitful collaboration that will allow us to lead in the decarbonization of the telecommunications sector in Europe."
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine and power generation sectors.
Contact:
For more information contact Elisabeth Maragoula/Michael Trontzos (This email address is being protected from spambots. You need JavaScript enabled to view it.) or visit www.advent.energy.
About Vantage Towers
Vantage Towers is a leading tower company in Europe with around 83,000 sites in ten countries, connecting people, businesses and devices in cities and rural areas.
The company was founded in 2020 and is headquartered in Düsseldorf. Vantage Towers has been listed on the Deutsche Börse’s Prime Standard in Frankfurt since 18 March 2021. The shares are included in the MDAX, TecDAX, STOXX Europe 600 and FTSE Global Midcap Indices.
Vantage Towers’ portfolio includes towers, masts, rooftop sites, distributed antenna systems (DAS) and small cells. By building, operating and leasing this infrastructure to MNOs or other network providers such as IoT companies or utilities, Vantage Towers is making a significant contribution to a better-connected Europe.
While already 100% of the electricity that Vantage Towers uses to operate its infrastructure is obtained from renewable energy sources, green energy is increasingly being generated directly on site with the help of solar panels, micro wind turbines and in future also hydrogen solutions. This fits well into the overall strategy of the company to drive a sustainable digitalisation in Europe and to support partners through technological innovation in decarbonisation and achieving their climate goals.
For more information, please visit our website at www.vantagetowers.com, follow us on Twitter at @VantageTowers or connect with us on LinkedIn at www.linkedin.com/company/vantagetowers.
Contact:
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For more information contact Ms. Elias Gerafenti, 210 728 9000, This email address is being protected from spambots. You need JavaScript enabled to view it.
Elisabeth Maragoula/Michael Trontzos (This email address is being protected from spambots. You need JavaScript enabled to view it.)
Ms. Elias Gerafenti, 210 728 9000, This email address is being protected from spambots. You need JavaScript enabled to view it.
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