FORT WORTH, Texas--(BUSINESS WIRE)--Brazos Midstream ("Brazos") (the "Company") today announced that its subsidiary, Brazos Delaware II LLC, has completed the issuance of a new $800 million senior secured Term Loan B due February 2030. The Company used the net proceeds from the Term Loan, along with excess balance sheet cash, to repay its existing $830 million Term Loan B due May 2025. As part of the transaction, Brazos has also increased its currently undrawn super-priority revolving credit facility to $150 million from $90 million and extended the facility's maturity date to 2028.

CEO Perspective

“We appreciate the support of our lender base and are excited to complete this opportunistic transaction,” said Brad Iles, Brazos Chief Executive Officer. “Brazos has successfully transformed into a substantial, free cash flow generating business despite significant industry and macro challenges. This transformation is a direct result of our team’s financial discipline, the scale of our platform and the quality of our producer customer base.”

Iles added, “We are thankful for our majority owner, Morgan Stanley Infrastructure Partners, and their continued support. Together, we have positioned this business for prudent, long-term ownership and to capitalize on future growth in the Delaware Basin.”

Advisors

The transaction was underwritten and arranged by a Barclays-led bookrunner group including Jefferies Finance LLC, Bank of Oklahoma Securities and with Cadence Bank as structuring advisor.

About Brazos Midstream

Headquartered in Fort Worth, Texas, Brazos is one of the largest private natural gas and crude oil midstream companies in the Permian Basin. The Company’s Delaware Basin assets are located in Reeves, Ward, Loving, Winkler, and Pecos counties in West Texas and include approximately 865 miles of intrastate natural gas, NGL, and crude oil gathering pipelines, a natural gas processing complex with 460 MMcf/d of processing capacity and approximately 75,000 barrels of crude oil storage. Brazos serves leading major and independent oil and gas producers, which together have made long-term dedications of over 540,000 acres. For more information, please visit brazosmidstream.com.

Media Contact:
Meggan Morrison
Redbird Communications Group
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TEL AVIV, Israel--(BUSINESS WIRE)--Enlight Renewable Energy (“Enlight”), a global renewable energy platform, announced today the pricing of its initial public offering of 14,000,000 ordinary shares at a price to the public of $18.00 per share. In addition, Enlight has granted the underwriters a 30-day option to purchase up to an additional 2,100,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions.

The ordinary shares are expected to begin trading on the Nasdaq Global Select Market on Friday, February 10, 2023 under the ticker symbol “ENLT.” Enlight’s ordinary shares currently trade on the Tel Aviv Stock Exchange under the symbol “ENLT.” The offering is expected to close on February 14, 2023, subject to the satisfaction of customary closing conditions.

J.P. Morgan, BofA Securities and Barclays are acting as lead book-running managers for the offering. Credit Suisse, Wolfe | Nomura Alliance and HSBC are acting as book-running managers, and Roth Capital Partners is acting as co-manager for the offering.

The offering is being made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (888) 603-5847, or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

A registration statement on Form F-1 relating to these securities was declared effective by the U.S. Securities and Exchange Commission on February 9, 2023. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Enlight Renewable Energy:

Founded in 2008 and traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT), Enlight develops, finances, constructs, owns and operates utility-sale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. As a global platform, Enlight operates in the United States, Israel and 9 European countries.

Enlight Renewable Energy
Dan Politi
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The Blueshirt Group, for Enlight:
Alex Wellins
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LOS ANGELES--(BUSINESS WIRE)--#EIN--Energy Independence Now (EIN), AltaSea at the Port of Los Angeles, the Japanese Consulate, Japan House Los Angeles, and UCLA jointly hosted a symposium Monday featuring two expert panel discussions on "Carbon Mitigation” and “Hydrogen Strategy.” The post-panel VIP Reception featured an exclusive preview of the forthcoming DriveH2 Hydrogen Education Center at the AltaSea Campus in San Pedro.

The highly-attended event featured hydrogen-related displays (including a prototype of Honda’s new CR-V hydrogen SUV) and cutting-edge hydrogen technology by Toyota (including the company’s latest Mirai passenger vehicle, heavy duty hydrogen truck, and port-focused cargo handling equipment), a sneak preview of the space to be used for the soon-to-be-launched DriveH2 Hydrogen Education Center at AltaSea, VIP guest speakers (including UCLA Chancellor Gene Block, AltaSea CEO Terry Tamminem, Japanese Consul General Kenko Sone, and Japan House President Yoko Kaifu), presentation topics from the Japan Hydrogen Forum (JH2F), traditional Japanese food and drinks, as well as a traditional Japanese Taiko drum performance.

In collaboration with Japan House Los Angeles, UCLA School of Carbon Management, and EIN, AltaSea welcomed some of the world’s leading climate experts from the US and Japan to share insights on the future of the hydrogen new energy economy.

During the seminar, the first panel discussion covered new solutions for carbon capture, such as UCLA’s groundbreaking research on efficient carbon capture directly from seawater. The second panel delved into the creation of a viable hydrogen energy sector, with a focus on activities of the Japan Hydrogen Forum such as a pilot project for the decarbonization of the port of Los Angeles, as well as other dynamic initiatives by US and Japanese industry leaders.

Panelists included:

Carbon Mitigation Panel

• Gaurav Sant, Director of the Institute for Carbon Management at UCLA
• Hilary Petrizzo, CCUS Commercial Development Manager at SoCalGas
• Naoki Hara, President & CEO of JFE Engineering America

Hydrogen Panel

• Tak Yokoo, Leader of the Japan Hydrogen Forum
• Yuri Freedman, Senior Business Development Executive in the Energy Industry at SoCalGas
• Jay Joseph, Vice President, Business Unit Lead, CASE & Energy Business Unit at American Honda Motor Company, Inc.
• Frank Wolak, President and CEO at Fuel Cell & Hydrogen Energy Association (FCHEA)

Both panels were moderated by EIN Executive Director Brian Goldstein, who added, “If we are to effectively meet emission reduction goals, especially in carbon-intense areas like the port complex in Los Angeles, governmental and private investments in H2 innovation are critical. It was gratifying to see so many thought leaders, influencers and innovation-driven organizations here to explore the solutions with us here tonight.”

"The future of our planet and its people demands a clean energy revolution, and hydrogen holds the key,” said Goldstein. “EIN is committed to working towards a hydrogen-powered future. Not only will hydrogen reduce our carbon footprint and help mitigate the effects of climate change, but it will also improve air quality and create a healthier society for current and future generations."

About EIN and the DriveH2 Campaign

DriveH2 is a public service initiative by Energy Independence Now (EIN), an environmental nonprofit dedicated to advancing fuel cell electric vehicles (FCEVs) and renewable hydrogen infrastructure for transportation, renewable energy storage and deep decarbonization. The organization engages in comprehensive research, policy advocacy and public outreach to promote the widespread adoption of a diverse zero emissions portfolio.

Paul Williams, (310) 569-0023, This email address is being protected from spambots. You need JavaScript enabled to view it.
Note to media: photos from event available upon request.

MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, February 23, 2023 at 5:00PM Eastern Time to discuss the Company’s fourth quarter and full year results, as well as certain forward-looking information. The Company plans to release its fourth quarter and full year results after the market closes on the same date.

To listen to the conference call by phone, participants must pre-register at the Company's website at: https://ir.wfscorp.com/events. All registrants will receive dial-in information and a PIN allowing access to the live conference call.

The conference call will also be available via live webcast. The live webcast may be accessed by visiting the Company’s website at https://ir.wfscorp.com/events. An archive of the webcast will be available on the Company’s website two hours after the completion of the live call and will remain available until March 9, 2023.

About World Fuel Services Corporation

Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services also offers natural gas and electricity, as well as energy advisory services, including programs for sustainability solutions and renewable energy alternatives. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.

For more information, visit www.wfscorp.com.

Ira M. Birns
Executive Vice President & Chief Financial Officer
or
Glenn Klevitz, Vice President, Treasurer & Investor Relations
(305) 428-8000
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Second Quarter Fiscal 2023 Revenue Increased 123% to $17.2 Million

Second Quarter Fiscal 2023 Gross Profit Increased 294% to $4.1 Million

Management to Host Conference Call Today at 4:30 p.m. Eastern Time

VISTA, Calif.--(BUSINESS WIRE)--Flux Power Holdings, Inc. (NASDAQ: FLUX), a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has reported its financial and operational results for the fiscal second quarter ended December 31, 2022.

Key Financial & Operational Highlights for the Second Quarter Fiscal Year 2023

• Revenue (Shipments) increased 123% to $17.2M in Q2’23 compared to Q2’22 revenue of $7.7M.
• Gross profit increased 294% to $4.1M in Q2’23 compared to $1.0M in Q2’22.
• Q2’23 gross margin was 24% compared to 14% in Q2’22, reflecting recovery from pandemic driven material cost increases.
• Strategic Supply Chain & Profitability Improvement Initiatives continued to accelerate path to cash flow breakeven.
• Achieved 18th consecutive quarter of year-over-year revenue growth.
• Net cash used in operating activities decreased 88% in Q2’23 compared to Q2’22 and 88% for the six months ended December 31, 2022 compared to the six months ended December 31, 2021.
• Adjusted EBITDA loss decreased 81% in Q2’23 compared to Q2’22 and decreased 71% for the six months ended December 31, 2022 compared to the six months ended December 31, 2021.
• Customer order backlog totaled $30.4M as of December 31, 2022.
• Increased Credit Facility with Silicon Valley Bank by $6.0 million to $14.0 million to support higher working capital requirements related to increased customer demand.
• Expanded testing and product validation capabilities with on-site vibration table, to reduce time required from testing to certification.

Backlog Summary

CEO Commentary

“The second quarter of fiscal year 2023 delivered our 18^th consecutive quarter of year-over-year revenue growth as well as an increased credit facility providing additional cash to fund higher working capital requirements related to increased customer demands and meeting our targeted growth goals,” said Ron Dutt, Chief Executive Officer of Flux Power. “The quarter saw gross profit increase 294% to $4.1 million and gross margin expand to 24% compared to $1.0 million and 14%, respectively, in the year-ago period.

“Existing customers continue to drive our revenue growth, with greater than 95% of revenue during the second quarter attributed to customers with whom we have had long-term relationships. Our commitment, consistent performance, and trustworthiness are the foundation for long-term, sustainable relationships with our customers. Our emphasis on price, service, and quality continues to support ongoing new purchase needs and service requirements. “Strong new orders of $20.7 million during the second fiscal quarter increased our backlog to $30.4 million as of December 31, 2022, up from $26.9 million in the prior quarter. We believe our track record with our installed base is an enabler to secure new customers, as the demand and acceptance of lithium-ion packs continues to grow.

“Our strategic initiatives to improve sourcing actions to mitigate part shortages, accelerate backlog conversion to shipments, and increase inventory turns have helped to mitigate backlog expansion from delayed shipments. Recently we expanded our in-house testing and product validation capabilities with all equipment needed to satisfy UL 2580 and UN/DOT 38.3 compliance testing, including an onsite vibration table, eliminating the need to outsource any aspect of testing for either UL or UN certifications and expediting the process. We remain highly focused on timely shipments and believe our efforts will continue to drive revenue results and gross margins that we believe will lead toward profitability.

“Although global supply chain disruptions have improved, we increased our inventory of raw materials and component parts to $19.5 million as of December 31, 2022, to mitigate supply chain disruptions and support timely deliveries. To address disruptions and reduce excess inventory, we have improved lean manufacturing processes and supply chain management. We have launched an in-house automated modular production initiative to manage module SKUs and accommodate diversification of cell suppliers and also utilized lower cost, more reliable, and secondary suppliers of key components including cells, steel, electronics, circuit boards and other production critical components.

“We recently announced an amended agreement to our revolving line of credit with Silicon Valley Bank (“SVB Credit Facility”) to increases the available capacity of the facility from $8.0 million to $14.0 million to support higher working capital requirements related to increased customer demand. We believe this will provide the additional cash needed to fund our operations and working capital requirements to meet our targeted growth goals.

“Looking ahead, we believe the current and potential pipeline of customers will continue to expand with a full product line that caters to large fleets who seek a ‘relationship’ partner to meet ongoing needs. We are encouraged by strong purchase orders, and continued expansion of margins through improved sourcing and supply chain management, implementation of lean manufacturing, continual process improvement, and pricing that will help us achieve profitability. We are focused on the continuation of our growth trajectory through the advancement of our technology, capacity, and customer and partnership relationships, and expanding into new markets. I look forward to additional announcements in the months to come as we strive to create long-term sustainable growth and shareholder value,” concluded Dutt.

Q2’23 Financial Results

• Revenue for the fiscal second quarter of 2023 increased by 123% to $17.2 million compared to $7.7 million in the fiscal second quarter of 2022, driven by increased sales volumes and models with higher selling prices, including greater sales to existing and new customers.
• Gross profit for the fiscal second quarter of 2023 increased to $4.1 million compared to a gross profit of $1.0 million in the fiscal second quarter of 2022. Gross margin was 24% in the fiscal second quarter of 2023 as compared to 14% in the fiscal second quarter of 2022, reflecting higher volume of units sold with greater gross margin and lower cost of sales as a result of the gross margin improvement initiatives.
• Selling & Administrative expenses increased to $4.3 million in the fiscal second quarter of 2023 from $4.0 million in the fiscal second quarter of 2022, reflecting increases in marketing expenses, commissions, insurance premiums, depreciation, recruiting costs, and outbound shipping costs.
• Research & Development expenses decreased to $1.2 million in the fiscal second quarter of 2023, compared to $2.1 million in the fiscal second quarter of 2022, primarily due to lower staff related expenses and expenses related to development of new products.
• Net loss for the fiscal second quarter of 2023 decreased to $1.7 million from a net loss of $5.1 million in the fiscal second quarter of 2022, principally reflecting increased gross profit and decreased operating expenses, partially offset by increased interest expense.
• Adjusted EBITDA loss decreased to $0.9 million for the fiscal second quarter of 2023 from an adjusted EBITDA loss of $1.5 million for the fiscal first quarter of 2023 and decreased to $2.4 million for the six months ended December 31, 2022, an improvement from a loss of $8.5 million for the six months ended December 31, 2021.
• Cash was $0.2 million at December 31, 2022, as compared to $0.5 million at June 30, 2022. Available working capital includes: our line of credit as of February 6, 2023 under our $14.0 million revolving line of credit with Silicon Valley Bank (“SVB Credit Facility”) with a remaining balance of $5.7 million; and $4.0 million available under the subordinated line of credit (“Subordinated LOC”).
• Net cash used in operating activities decreased to $1.3 million Q2’23 compared to $11.0 million in Q2’22 and to $2.3 million for the six months ended December 31, 2022 compared to $15.4 million for the six months ended December 31, 2021, primarily due to a decrease in net loss and an increase in accounts payable.

Second Quarter Fiscal Year 2023 Results Conference Call

Flux Power CEO Ron Dutt and CFO Chuck Scheiwe will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.

To access the call, please use the following information:

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MZ Group at 1-949-491-8235.

The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1593147&tp_key=479f1b7074 and via the investor relations section of the Company's website here.

A replay of the webcast will be available after 7:30 p.m. Eastern Time through May 9, 2023.

About Flux Power Holdings, Inc.

Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for electrification of a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Lithium-ion battery packs reduce CO2 emissions and help improve sustainability and ESG metrics for fleets. For more information, please visit www.fluxpower.com.

Note about Non-GAAP Financial Measures

A non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. Non-GAAP measures are not in accordance with, nor are they a substitute for, GAAP measures. Other companies may use different non-GAAP measures and presentation of results.

In addition to financial results presented in accordance with GAAP, this press release presents adjusted EBITDA, which is a non-GAAP measure. Adjusted EBITDA is determined by taking net loss and adding interest, taxes, depreciation, amortization and stock-based compensation expenses. The company believes that this non-GAAP measure, viewed in addition to and not in lieu of net loss, provides additional information to investors by providing a more focused measure of operating results. This metric is an integral part of the Company’s internal reporting to evaluate its operations and the performance of senior management. A reconciliation of adjusted EBITDA to net loss, the most comparable GAAP measure, is available in the accompanying financial tables below. The non-GAAP measure presented herein may not be comparable to similarly titled measures presented by other companies.

Forward-Looking Statements

This release contains projections and other "forward-looking statements" relating to Flux Power’s business, that are often identified using "believes," "expects" or similar expressions. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Such forward-looking statements include impact of COVID-19 on Flux Power’s business, results and financial condition; Flux Power’s ability to obtain raw materials and other supplies for its products at competitive prices and on a timely basis, particularly in light of the potential impact of the COVID-19 pandemic on its suppliers and supply chain; the development and success of new products, projected sales, cancellation of purchase orders, deferral of shipments, Flux Power’s ability to fulfill backlog orders or realize profit from the contracts reflected in backlog sale; Flux Power’s ability to fulfill backlog orders due to changes in orders reflected in backlog sales, Flux Power’s ability to obtain the necessary funds under the credit facilities, Flux Power’s ability to timely obtain UL Listing for its products, Flux Power’s ability to fund its operations, distribution partnerships and business opportunities and the uncertainties of customer acceptance and purchase of current and new products, and changes in pricing, and Flux Power’s ability to negotiate and enter into a definitive agreement in connection with the Letter of Intent. Actual results could differ from those projected due to numerous factors and uncertainties. Although Flux Power believes that the expectations, opinions, projections, and comments reflected in these forward-looking statements are reasonable, they can give no assurance that such statements will prove to be correct, and that the Flux Power’s actual results of ‎operations, financial condition and performance will not differ materially from the ‎results of operations, financial condition and performance reflected or implied by these forward-‎looking statements. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected.

Flux, Flux Power, and associated logos are trademarks of Flux Power Holdings, Inc. All other third-party brands, products, trademarks, or registered marks are the property of and used to identify the products or services of their respective owners.

Follow us at:

Blog: Flux Power Blog
News Flux Power News
Twitter: @FLUXpwr
LinkedIn: Flux Power

Media & Investor Relations:
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External Investor Relations:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
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www.mzgroup.us

Centre reinforces Blackline’s commitment to customer care, distribution partners in key European markets

LILLE, France--(BUSINESS WIRE)--$BLN #TSX--Blackline Safety Corp. (TSX: BLN), a global leader in connected safety technology, today announced the launch of its first European Union (EU)-based service centre.

As Blackline has achieved 118% revenue growth over the last two years in Europe, the service centre is designed to meet heightened customer demand across the region. The facility occupies a dedicated area within Blackline’s French site, strategically located in the industrial heart of north-eastern France near Lille, and is staffed by an established in-house team of technical and product specialists. Blackline will provide local customer service and offer rentals for Europe out of the centre.

“With an expanding customer base across Europe, Blackline recognises the need for dedicated regional support in the EU,” said Simon Rich, Sales Director, Blackline Safety Europe. “Our connected safety wearables and area gas monitors offer a high degree of configurability for a variety of job functions and situations, as well as over-the-air firmware updates which can significantly reduce downtime, and the cost and complexity of fleet management. The ability to offer hands-on service and device maintenance on the continent should the need for service or repair arise, is key to keeping those devices out in the field where they belong, for the maximum possible time.”

The launch coincides with successful quality and environmental audits of Blackline Safety Europe’s existing ISO 9001 Quality Management and ISO 14001 Environmental Management standards in both its flagship facility in Colchester, United Kingdom and French office, demonstrating the company’s continued commitment to operating sustainably and delivering top quality products and systems.

The new service centre will also support Blackline Safety’s rental offering in Europe, starting in late spring. Already established in North America, Blackline offers rental options for its complete portfolio of connected personal gas detectors, area monitors, lone worker wearables and accessories – all of which include Blackline Live online reporting and analytics software. Understanding the unpredictability of work and importance of staying on budget, Blackline’s rental programme is designed to offer users full flexibility, taking a consultative approach to ensure a well-planned and customised safety solution that provides maximum protection for every project.

About Blackline Safety

Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline Safety enables companies to drive towards zero safety incidents and improved operational performance. Blackline Safety provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organisations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline Safety provides a lifeline to tens of thousands of people, having reported over 200 billion data-points and initiated over five million emergency alerts. For more information, visit BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.

MEDIA CONTACT:

Blackline Safety Europe
Trina Murray-Hundley
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Phone: +44 7894 995 772

CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle charging network, today announced it will release financial results for the fourth quarter and full year 2023, ended January 31, 2023, after market close on March 2, 2023. ChargePoint management will host a conference call to review its financial results at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) on the same day.

A live webcast of the conference call will be accessible from the “Events and Presentations” section of ChargePoint’s investor relations website (investors.chargepoint.com) on March 2, 2023. A replay will be available after the conclusion of the webcast and archived for one year. A copy of the press release with the financial results will also be available on ChargePoint’s investor relations website prior to the commencement of the webcast.

About ChargePoint

ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 145 million charging sessions have been delivered, with drivers plugging into the ChargePoint network on average every second. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it..

CHPT-IR

ChargePoint Holdings, Inc.

Press
AJ Gosselin
Director, Corporate Communications
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Investor Relations
Patrick Hamer
VP, Capital Markets and Investor Relations
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DeltaTek’s cementing technologies expand client offering

HOUSTON--(BUSINESS WIRE)--$XPRO #XPRO--Energy services provider, Expro (NYSE: XPRO), today announced the acquisition of well construction cementing specialists DeltaTek Global (“DeltaTek”).

The acquisition allows Expro to broaden its offering, capabilities, and technology portfolio within the well construction cementing sector, while accelerating DeltaTek’s international deployment ambitions through Expro’s global footprint.

Expro’s Chief Technology Officer Steve Russell said: “This is an exciting transaction for Expro that we believe will deliver real value to our combined customer base. The DeltaTek range of low-risk open water cementing solutions increases clients’ operational efficiency, delivers rig time and cost savings, and improves the quality of cementing operations for our clients.

“Today’s announcement expands our well construction cementing capabilities through DeltaTek’s open water cementing systems and techniques. These strengths, technologies and ambitions complement Expro and we are delighted to welcome the DeltaTek team to the Expro family.”

Aberdeen based DeltaTek has an experienced leadership team focused on developing and deploying cementing technologies to the offshore market, with operations across the UK, Norway, the Gulf of Mexico, West Africa and Asia Pacific.

Commenting on the acquisition, Tristam Horn, CEO and founder, said: “The team and I are delighted to announce this milestone for DeltaTek. To join Expro, a leader in the industry, is a monumental moment for the company, our existing clients, and the wider industry as we continue to innovate and grow the Cure and ArticuLock portfolios to directly address well construction challenges. With Expro’s global footprint and strong customer base, we expect to deliver our technology to all operators across the entire well construction market through existing Expro channels, simplifying the global adoption of our value-adding services for our customers.”

NOTES TO EDITORS:

About Expro

Working for clients across the well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company believes to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.

With roots dating to 1938, Expro has approximately 7,600 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.

For more information, please visit: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.

About DeltaTek

With advanced downhole technologies, DeltaTek’s mission is simple: to deliver ultimate cement placement. Founded in 2015, and with a team of 15, DeltaTek has developed technologies which are deployable to all well construction projects, for subsea, platform or land cementing operations.

This year the team is a finalist in the Innovator, Exceptional Impact Company – SME and Young Professional categories of the 2023 Offshore Achievement Awards as well as a finalist in the Innovation category at the Northern Star Awards and ranked in the Elite Business 100 Awards.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release, and oral statements made from time to time by representatives of the Company, may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, the success of the DeltaTek acquisition, and the Company’s environmental, social and governance goals, targets and initiatives, and are indicated by words or phrases such as "anticipate," "outlook," "estimate," "expect," "project," "believe," "envision," "goal," "target," "can," "will," and similar words or phrases. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the future results, performance or achievements expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to certain risks and uncertainties, many of which are unforeseeable and beyond our control. The factors that could cause actual results, performance or achievements to materially differ include, among others the risk factors identified in the Company’s Annual Report on Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, historical practice, or otherwise.

Expro: Kay Drummond This email address is being protected from spambots. You need JavaScript enabled to view it.

Fifth Ring for Expro: Andy Groundwater This email address is being protected from spambots. You need JavaScript enabled to view it. +44 1224 628088

DeltaTek: Leigh-Ann Rogie +44 1224 623960; This email address is being protected from spambots. You need JavaScript enabled to view it.; or Annabel Sall +44 1224 623960 / 07775 868580; This email address is being protected from spambots. You need JavaScript enabled to view it.

Senior executives from Williams will join global energy leaders at the world’s preeminent energy conference, March 6-10 in Houston

TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) President and Chief Executive Officer Alan Armstrong will join the world’s energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities at the 41st annual CERAWeek presented by S&P Global, to be held from March 6-10 in Houston.

Mr. Armstrong will participate on an esteemed panel of leaders to discuss: North American Gas: Assuring Supply and Meeting Demand on Wednesday, March 8 at 2:25 p.m. Central Time. The session will focus on how North American energy markets have evolved amid natural gas infrastructure constraints and the growth of U.S. LNG exports and how U.S. energy legislation is expected to reshape electricity markets with reverberations back to the natural gas market.

Williams Executive Vice President of Corporate Strategic Development Chad Zamarin is scheduled to speak on the panel North American Gas: Are Strategies Changing? on Wednesday, March 8 at 11:55 a.m. The session will discuss the energy transition, the challenges ahead and the role of North America’s natural gas in supplying LNG and displacing coal.

Brian Hlavinka, vice president of Williams New Energy Ventures, will participate in two panels. The first, Renewable Natural Gas: How Fast, How Big? is Wednesday, March 8 at 11:55 a.m. The second, Crossing the Chasm: From Low-carbon Innovations to Large-Scale Businesses is Thursday, March 9 at 10:30 a.m. and will cover financing, growth and government support of low-carbon innovations and infrastructure development.

About Williams

As the world demands reliable, low-cost, low-carbon energy, Williams will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Williams is an industry leader with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide — including Transco, the nation’s largest volume and fastest growing pipeline — and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, NextGen Gas and other innovations at www.williams.com.

MEDIA:
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(800) 945-8723

INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075

Grace Scott
(918) 573-1092

DUBLIN--(BUSINESS WIRE)--The "Waste Heat to Power: Global Market Outlook" report has been added to ResearchAndMarkets.com's offering.

The report provides an overview of the global waste heat recovery systems market and analyses market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period, 2022-2027. Market values have been estimated based on the economic benefits realized in $ millions of waste heat recovery systems providers.

The report covers the market for the user base, across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape.

The report estimates the global market for waste heat recovery systems in 2021 and provides projections for the expected market size through 2027. The scope of the study includes entire waste heat recovery landscape including associated services and technologies like Steam Rankine Cycle (SRC), Organic Rankine Cycle (ORC), Kalina Cycle etc.

This report considers the impact of COVID-19. In 2020, the growth rate of manufacturing industries around the world was severely affected by the pandemic. The COVID-19 pandemic halted progress in every regional economy. Various governments around the world are taking measures to contain the economic slowdown.

Report Includes

• A brief general outlook of the global market for waste heat recovery systems
• Analyses of the global market trends, with market revenue data for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
• Estimation of the actual market size and revenue forecast for global waste heat recovery systems market in USD million terms, and corresponding market share analysis by application, end-use, and region
• Highlights of emerging technology trends, opportunities and gaps in the market estimating current and future demand for waste heat recovery systems, and identification of the regions and countries involved market developments
• Discussion of the major growth drivers and industry-specific challenges that will shape the market for waste heat recovery systems as a basis for projecting demand in the next few years (2022-2027)
• Holistic review of the impact of the COVID-19 pandemic and the Russia-Ukraine war on the market for waste heat recovery systems
• Review, analyze and forecast market developments that will affect major end-use application areas, including petroleum refining, cement, heavy metal, chemical, paper, food and beverages, glass, and others
• Insight into the company competitive landscape of prominent product manufacturers and suppliers of waste heat recovery systems and their recent market developments
• Company profiles of major players operating in the waste heat recovery industry

Waste heat recovery is the process of capturing heat discarded by an existing thermal process and using that heat to generate power. Heat recovery technologies frequently reduce the operating costs for facilities by increasing their energy productivity. Energy intensive processes such as those occurring at refineries, steel mills, glass furnaces, and cement kilns all release hot exhaust gases and waste streams that can be harnessed with well-established technologies to generate electricity.

Waste heat comes from a variety of sources, such as heated products leaving industrial operations, hot equipment surfaces, and hot combustion gases released into the atmosphere. Even though some waste heat losses from industrial processes are unavoidable, facilities can minimize these losses by upgrading the effectiveness of their equipment or implementing a waste heat recovery system.

Waste heat recovery comprises capturing and recovering the waste heat in industrial operations to generate mechanical or electrical work. Preheating combustion air, electricity generation, preheating furnace loads, absorption cooling, and space heating are a few examples of uses for waste heat. The major factors driving the waste heat recovery market across the globe include the demand for energy conservation, cohesive government policies, high efficiency, and technological advancement.

Key Topics Covered:

Chapter 1 Market Outlook

Chapter 2 Executive Summary

Chapter 3 Market Overview

3.1 Industry Landscape

3.2 Market Dynamics

3.2.1 Market Drivers

3.2.2 Market Restraints

3.3 Pricing Analysis

3.4 Macroeconomic Factors of Waste Heat Recovery Market

3.4.1 Impact of the Covid-19 Pandemic

3.4.2 Impact of the Russia-Ukraine War

3.5 Patent Analysis

Chapter 4 Emerging Technologies/Market Opportunities

Chapter 5 Thermal and Biological Waste-To-Energy Management

Chapter 6 Market Breakdown by Application and End-Use

Chapter 7 Market Breakdown by Region

7.1 Global Market for Waste Heat Recovery Systems, by Region

7.2 North America

7.3 Europe

7.4 Asia-Pacific

7.5 Rest of the World

Chapter 8 Competitive Landscape

8.1 Company Market Share Analysis for Waste Heat Recovery Systems

8.1.1 Recent Key Developments

Chapter 9 Company Profiles

• Abb Ltd.
• Aura GmbH & Co. Kg
• Bosch Industriekessel GmbH
• Boustead International Heaters Ltd.
• Cochran Ltd.
• Climeon Ab
• Durr Aktiengesellschaft
• Echogen Power Systems, LLC
• Econotherm Ltd.
• Enertime Sa
• Exergy International Srl
• Forbes Marshall
• General Electric Co. (Ge)
• Ihi Corp.
• John Wood Group plc
• Mitsubishi Heavy Industries, Ltd.
• Ormat Technologies, Inc.
• Rentech Boiler Systems, Inc.
• Siemens Aktiengesellschaft
• Thermax Ltd.

Chapter 10 Project Scope and Methodology

For more information about this report visit https://www.researchandmarkets.com/r/pocref-heat-power?w=4

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Company Recently Added to S&P 500 Dividend Aristocrats Index

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--$CHRW #CHRobinson--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced that its Board of Directors today declared a regular quarterly cash dividend of 61 cents ($0.61) per share, payable on April 3, 2023, to shareholders of record on March 3, 2023. As of February 8, 2023, there were approximately 116,356,778 shares outstanding.

C.H. Robinson has distributed uninterrupted dividends that have increased annually on a per share basis for twenty-five years, thereby earning a designation as one of only 64 constituents in the S&P 500® Dividend Aristocrats® Index. “C.H. Robinson has a long history of growing our dividend as an important method to return cash to our shareholders,” said Mike Zechmeister, Chief Financial Officer.

About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $30 billion in freight under management and 20 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 100,000 customers and 85,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).

CHRW-IR

Chuck Ives, Director of Investor Relations
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DENVER--(BUSINESS WIRE)--Advanced Energy (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, today announced that it will participate at the following investor conferences.

Citi Global Industrial Tech and Mobility Conference in Miami Beach
Date: Tuesday, February 21, 2023

Susquehanna 12th Annual Technology Conference in New York City
Date: Thursday, March 2, 2023

Loop Capital Investor Conference in New York City
Date: Tuesday, March 14, 2023

To participate in these conferences, please contact a representative of those firms.

About Advanced Energy

Advanced Energy Industries, Inc. (Nasdaq: AEIS) is a global leader in the design and manufacture of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking and telecommunications. With engineering know-how and responsive service and support for customers around the globe, the company builds collaborative partnerships to meet technology advances, propels growth of its customers and innovates the future of power. Advanced Energy has devoted four decades to perfecting power. It is headquartered in Denver, Colorado, USA.

For more information, visit www.advancedenergy.com.

Advanced Energy | Precision. Power. Performance. Trust.

Andrew Huang
Advanced Energy Industries, Inc.
970-407-6555
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BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--The Board of Directors of GrafTech International Ltd. (NYSE:EAF) (the “Company”) declared a quarterly cash dividend of $0.01 per share to stockholders of record as of the close of business on February 28, 2023, to be paid on March 31, 2023.

About GrafTech

GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, including three of the highest capacity facilities in the world. We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, a key raw material for graphite electrode manufacturing. This unique position provides us with competitive advantages in product quality and cost.

Michael Dillon
216-676-2000

In under three years, SPATCO has tripled EBITDA via organic growth and strategic acquisitions of complementary, market-leading businesses.

CHARLOTTE, N.C. & ATLANTA--(BUSINESS WIRE)--Kian Capital-backed SPATCO Energy Solutions (“SPATCO”), a forward-thinking infrastructure services provider of innovative turnkey solutions for petroleum, environmental and EV market segments, completed the acquisition of Petro Supply, a leading distributor of petroleum equipment in the Mid-Atlantic region. Combined with the acquisition of McKinney Petroleum Equipment in January of 2023, the platform is expanding its geographic reach while bolstering its dominant stronghold in the Southeast.

Founded in 1971 by Galen Heaps, Petro Supply specializes in the sale and distribution of petroleum equipment, including parts and materials for the construction and maintenance of gas stations, convenience stores and petroleum & chemical handling facilities. A family-owned and operated business, Galen’s son Brandon Heaps worked side-by-side with his father to grow Petro Supply into one of the largest petroleum equipment distributors in the mid-Atlantic. The acquisition marks SPATCO’s entry into the Maryland, DC, Pennsylvania, Delaware and New Jersey markets and introduces full-service capabilities to Petro Supply’s established and prospective customer base.

“My father built Petro Supply on the foundation of hard work and two sayings — ‘do what is right’ and ‘treat everyone as you want to be treated’,” said Brandon, who will lead SPATCO’s Mid-Atlantic region. “I am beyond proud of how we’ve grown the business together and excited to take Petro Supply to the next level with a partner who shares the same values and commitment to our people. As our industry evolves, we are confident in SPATCO’s strategy and vision to continuously innovate to meet our customers’ needs.”

Earlier this year, SPATCO completed the acquisition of McKinney Petroleum Equipment, a market-leading single-source petroleum provider in Alabama, further solidifying its position in the Southeast with a strong Gulf Coast presence. McKinney Petroleum President Kevin McKinney said, “I’m excited to be a part of such a high-growth platform and look forward to leveraging SPATCO’s resources, systems and expert training programs to build on our capabilities here in the Gulf Coast and beyond. As a third-generation family-owned business, it was important to align with a company that respected our history and would put our employees and customers first. We found that with SPATCO.”

“We are proud of the differentiated platform we’ve developed and that highly-respected business owners like Galen, Brandon and Kevin are entrusting SPATCO as a partner to continue their legacies,” said SPATCO President & CEO John Force. “The strength of their respective teams is undeniable and will provide a huge leap forward in our strategy to be the top integrated platform in the country for the petroleum convenience store and EV markets.”

The energy infrastructure and services industry is highly fragmented with a significant amount of consolidation and platform-building opportunity within what is a resilient and growing sector. Organic growth and a strong management team — along with four tuck-in acquisitions — have led to SPATCO more than tripling EBITDA since Kian’s initial 2020 investment. SPATCO now has over 700 employees with 400+ technicians in 26 branches across 17 states in the Southeast and Mid-Atlantic.

Kian Co-Founder and Partner Kevin McCarthy commented, “Based on the progress made thus far and what is on the horizon, we believe SPATCO is uniquely positioned to address the challenge of maintaining and servicing the current fuel station infrastructure while rapidly deploying EV-charging capabilities. As technology continues to drive innovation in the energy infrastructure and equipment services industry, our focus will remain the same — on advancing the team while investing in cutting-edge technology, expanding service capabilities and broadening our geographic reach.”

SPATCO is actively seeking partnerships with founders in the energy infrastructure and services space. Business owners interested in learning more should contact David Duke, Partner, Business Development at Kian, at This email address is being protected from spambots. You need JavaScript enabled to view it..

Kian is SPATCO’s lead investor along with co-investors RF Investment Partners and Apogem Capital. Robinson, Bradshaw & Hinson, P.A. acted as Kian’s legal advisor.

About SPATCO Energy Solutions

SPATCO is a forward-thinking supplier, installer and maintenance provider of innovative turnkey solutions for fueling stations and EV charging infrastructure. Headquartered in Charlotte, NC, SPATCO has 26 additional office locations across the Southeast with service and support across the United States. The company is one of Dover Fueling Solutions’ largest distributors of Wayne products and offers complete environmental compliance, assessment and remediation services. With over 85 years of experience, SPATCO employs a differentiated service-oriented model on behalf of a diverse and longstanding customer base that includes national and regional convenience store operators, major oil companies, commercial fleet and military fueling facilities, national and regional trucking companies, regional oil jobbers and commercial bulk petroleum plants. To learn more, visit www.spatco.com.

About Petro Supply

Founded in 1971 by Galen Heaps, Petro Supply specializes in the sale and distribution of petroleum equipment including parts and materials for the construction and maintenance of gas stations, convenience stores and petroleum & chemical handling facilities. Representing many outstanding manufacturers, Petro Supply helps customers with projects such as repairing pumps, upgrading tanks, equipping c-stores and building new fueling systems. To learn more, visit www.petrosupply.com.

About McKinney Petroleum Equipment

From a sole proprietorship founded in 1933 by Wallace R. McKinney Jr., McKinney Petroleum Equipment has steadily grown to be one of the Southeast’s leading petroleum and industrial equipment suppliers. The company’s marketing area includes South Alabama, the Florida panhandle and Southeast Mississippi. At present, McKinney Petroleum Equipment represents more than 50 manufacturers, enabling the company to provide a wide variety of equipment currently used in petroleum marketing. The company specializes in the installation, sales and service of petroleum, commercial and industrial equipment and systems. To learn more, visit www.mckinneypetroleum.com.

About Kian Capital Partners

At Kian, we forge partnerships to ignite growth and build enduring value. Our goal is to provide flexible financial resources and additional operational horsepower to scale middle-market businesses, realize aspirations and deliver long-term investment returns through genuine partnership. Proud to be recognized on Inc.’s Founder-Friendly Investors list for three consecutive years, Kian is a private investment firm with $425 million of capital under management and a focus on four core industry sectors: consumer, services, value added distribution and specialty manufacturing. Our team of seasoned investors has over 100 years of collective experience providing transformational capital solutions and board-level strategic and operational guidance to founder/owner operated businesses. To learn more, visit www.kiancapital.com.

Business Inquiries
David Duke
Partner, Business Development
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T 470.823.3008

Media Inquiries
Kara Petracek
MiddleM Creative (on behalf of Kian Capital)
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T 404.274.7794

EL DORADO, Ark.--(BUSINESS WIRE)--The Board of Directors of Murphy USA Inc. (NYSE: MUSA) today declared a quarterly cash dividend on the Common Stock of Murphy USA Inc. of $0.37 per share, or $1.48 per share on an annualized basis, reflecting a 6% increase from the prior quarter. The dividend is payable on March 1, 2023, to stockholders of record as of February 21, 2023.

About Murphy USA

Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,700 stores located primarily in the Southwest, Southeast, Midwest and Northeast United States. The company and its team of nearly 15,000 employees serve an estimated two million customers each day through its network of retail gasoline and convenience stores in 27 states. The majority of Murphy USA's stores are located in close proximity to Walmart Supercenters. The company also markets gasoline and other products at standalone stores under the Murphy Express and QuickChek brands. Murphy USA ranks 240 among Fortune 500 companies.

Forward-Looking Statements

Certain statements in this news release contain or may suggest “forward-looking” information (as defined in the Private Securities Litigation Reform Act of 1995) that involve risk and uncertainties, including, but not limited to our M&A activity, anticipated store openings, fuel margins, merchandise margins, sales of RINs, trends in the Company’s operations, dividends and share repurchases. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual future results may differ materially from historical results or current expectations depending upon factors including, but not limited to: the Company’s ability to realize projected synergies from the acquisition of QuickChek and successfully expand our food and beverage offerings; the Company’s ability to continue to maintain a good business relationship with Walmart; successful execution of the Company’s growth strategy, including the Company’s ability to realize the anticipated benefits from such growth initiatives, and the timely completion of construction associated with the Company’s newly planned stores which may be impacted by the financial health of third parties; the Company’s ability to effectively manage the Company’s inventory, disruptions in the Company’s supply chain and the Company’s ability to control costs; geopolitical events that impact the supply and demand and price of crude oil; the impact of severe weather events, such as hurricanes, floods and earthquakes; the impact of a global health pandemic; the impact of any systems failures, cybersecurity and/or security breaches of the company or its vendor partners, including any security breach that results in theft, transfer or unauthorized disclosure of customer, employee or company information or the Company’s compliance with information security and privacy laws and regulations in the event of such an incident; successful execution of the Company’s information technology strategy; reduced demand for our products due to the implementation of more stringent fuel economy and greenhouse gas reduction requirements, or increasingly widespread adoption of electric vehicle technology; future tobacco or e-cigarette legislation and any other efforts that make purchasing tobacco products more costly or difficult could hurt the Company’s revenues and impact gross margins; changes to the Company’s capital allocation, including the timing, declaration, amount and payment of any future dividends or levels of the Company’s share repurchases, or management of operating cash; the market price of the Company’s stock prevailing from time to time, the nature of other investment opportunities presented to the Company from time to time, the Company’s cash flows from operations, and general economic conditions; compliance with debt covenants; availability and cost of credit; and changes in interest rates. Murphy USA’s SEC reports, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q, contain other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. Murphy USA undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

Christian Pikul – Vice President of Investor Relations and FP&A
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Mitchell Freer – Senior Investor Relations Analyst
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BETHESDA, Md.--(BUSINESS WIRE)--Enviva Inc. (NYSE: EVA) (“Enviva”) today announced the timing of its conference call to discuss fourth-quarter and full-year 2022 financial results.

About Enviva

Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11^th plant in Epes, Alabama. Enviva is planning to commence construction of its 12^th plant, near Bond, Mississippi, in 2023. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with primarily creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.

To learn more about Enviva, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.

Kate Walsh
Vice President, Investor Relations
+1 (240) 482-3856
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TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) (“NGL,” “our,” “we,” or the “Partnership”) today reported its third quarter Fiscal 2023 financial results. Highlights include:

• Net income for the third quarter of Fiscal 2023 of $59.0 million, compared to a net loss of $19.0 million for the third quarter of Fiscal 2022; Net income for the first nine months of Fiscal 2023 of $85.7 million, compared to a net loss of $154.7 million for the comparable period of Fiscal 2022

• Adjusted EBITDA⁽¹⁾ for the third quarter of Fiscal 2023 of $193.3 million, compared to $147.7 million for the third quarter of Fiscal 2022; Adjusted EBITDA for the first nine months of Fiscal 2023 of $459.4 million, compared to $385.1 million for the comparable period of 2022

• Operating income for the Water Solutions segment of $59.7 million for the third quarter of Fiscal 2023, compared to $19.9 million for the third quarter of Fiscal 2022

• Record Water Solutions’ quarterly Adjusted EBITDA⁽¹⁾ of $121.7 million for the third quarter of Fiscal 2023, a 47.1% increase compared to the third quarter of Fiscal 2022 and a 16.2% increase over the immediately preceding fiscal quarter

• In the face of significant inflationary pressure, Water Solutions managed to reduce operating expense to $0.25 per barrel versus $0.27 per barrel in the immediately preceding fiscal quarter

• Record produced water volumes processed of approximately 2.43 million barrels per day during the third quarter of Fiscal 2023, growing 31.9% from the same period in the prior year and 7.1% over the immediately preceding fiscal quarter

• Increasing Water Solutions Adjusted EBITDA⁽²⁾ guidance from $430 million plus to $440 million plus for Fiscal 2023

• Reduced $98.1 million in principal on unsecured notes and equipment financing note in the quarter

• Anticipate all 2023 unsecured notes to be repaid no later than June 30, 2023

“Our Water Solutions segment continues to see strong disposal volume and skim oil growth, achieving record Adjusted EBITDA⁽¹⁾ and water volumes processed in the quarter. This strong performance plus the return of working capital has allowed us to lean into the repurchase of our 2023 notes, $97.5 million in the current quarter. The current remaining balance is approximately $203 million, and our plan is to call the remaining 2023 notes no later than June 30, 2023. Paying off the 2023 notes is a key strategic goal as we look to drive down absolute debt and further reduce leverage. We are increasing guidance for our Water Solutions' Adjusted EBITDA⁽²⁾ from over $430 million to over $440 million for full year Fiscal 2023 and maintaining $630 million plus consolidated Adjusted EBITDA⁽²⁾ guidance. Due to the increasing activity and volumes in the Delaware Basin, we are adjusting our capital expenditure guidance to a range of $115 million - $125 million in order to keep up with our customers growth,” stated Mike Krimbill, NGL’s CEO. “As we’ve discussed before, we continue to work on sales of non-core assets in the fourth quarter that will continue to drive leverage lower,” Krimbill concluded.

_____________________________

⁽¹⁾ See the “Non-GAAP Financial Measures” section of this release for the definition of Adjusted EBITDA (as used herein) and a discussion of this non-GAAP financial measure.

⁽²⁾ Certain of the forward-looking financial measures are provided on a non-GAAP basis. A reconciliation of forward-looking financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP is potentially misleading and not practical given the difficulty of projecting event driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant.

Quarterly Results of Operations

The following table summarizes operating income (loss) and Adjusted EBITDA⁽¹⁾ from continuing operations by reportable segment for the periods indicated:

Water Solutions

Operating income for the Water Solutions segment increased $39.9 million for the quarter ended December 31, 2022, compared to the quarter ended December 31, 2021. The Partnership processed approximately 2.43 million barrels of produced water per day during the quarter ended December 31, 2022, a 31.9% increase when compared to approximately 1.84 million barrels of water per day processed during the quarter ended December 31, 2021. This increase was due to higher production volumes (and associated produced water) primarily in the Delaware Basin driven by higher crude oil prices and completion activity as well as higher fees charged for spot volumes. The Partnership also sold approximately 168,000 barrels per day of produced and recycled water for use in our customers’ completion activities.

Revenues from recovered skim oil totaled $30.3 million for the quarter ended December 31, 2022, an increase of $12.4 million from the prior year period. This increase was due to higher volumes of skim oil barrels sold due to an increase in produced water volumes processed as well as higher realized crude oil prices received from the sale of skim oil barrels. Additionally, an increase in the number of wells completed in our area of operations during the period with increased flowback activity resulted in higher skim oil volumes per barrel of produced water processed.

Operating expenses in the Water Solutions segment decreased to $0.25 per produced barrel processed compared to $0.26 per produced barrel processed in the comparative quarter last year primarily due to the increase in produced water processed. Three of the Water Solutions segment’s largest variable expenses, utility, royalty and chemical expenses, were not (and are not expected to be) impacted by the rise in inflation due to negotiated long-term utility contracts with fixed rates, royalty contracts with no escalation clauses and a fixed chemical expense per barrel with our chemical provider.

Crude Oil Logistics

Operating income for the Crude Oil Logistics segment increased $13.8 million for the quarter ended December 31, 2022, compared to the quarter ended December 31, 2021. The increase was due to higher product margins compared to the prior year period and an increase in net derivative gains of $7.7 million. Product margins increased due to higher contracted rates with certain producers as well as increased differentials on certain other sales contracts. Operating and general and administrative expenses declined by $2.3 million, primarily due to the sale of our trucking business during our fourth quarter of the prior year. In addition, during the prior year quarter, we recorded an impairment charge of $2.2 million due to damage caused by Hurricane Ida to one of our Gulf Coast terminals. During the three months ended December 31, 2022, physical volumes on the Grand Mesa Pipeline averaged approximately 77,000 barrels per day, compared to approximately 83,000 barrels per day for the three months ended December 31, 2021. Overall production in the DJ Basin continues to be negatively impacted by producer permitting issues.

Liquids Logistics

Operating income for the Liquids Logistics segment decreased $2.6 million for the quarter ended December 31, 2022, compared to the quarter ended December 31, 2021. Our Butane product margins (excluding the impact of derivatives) were lower as product purchased earlier in the season continues to compete with product purchased in a discounted market, resulting in our product being more expensive. Propane results are below expectations partially due to warmer than normal winter temperatures. Product margins for refined products also increased as we continue to be well positioned from a supply and inventory perspective in certain markets experiencing tight supply. For the current quarter, losses from net derivative activity for all products in this segment increased by $6.4 million, compared to the prior year quarter.

Capitalization and Liquidity

Total liquidity (cash plus available capacity on our asset-based revolving credit facility (“ABL Facility”)) was approximately $280.1 million as of December 31, 2022. Borrowings on the Partnership’s ABL Facility totaled approximately $156.0 million. The increase from March 31, 2022 was primarily due to increases in working capital balances driven by increased inventory volumes and higher net account receivable balances.

The Partnership is in compliance with all of its debt covenants and has no significant debt maturities before November 2023. The Partnership expects to pay off the remaining outstanding 2023 Notes no later than June 30, 2023 using cash flows from operations, and if needed, borrowings under our ABL Facility. Proceeds generated from other cash flow positive initiatives currently being pursued, such as sales of non-core assets, may also be used for additional debt reductions.

Third Quarter Conference Call Information

A conference call to discuss NGL’s results of operations is scheduled for 4:30 pm Central Time on Thursday, February 9, 2023. Analysts, investors, and other interested parties may join the webcast via the event link: https://www.webcaster4.com/Webcast/Page/2808/47555 or by dialing (888) 506-0062 and providing access code: 893513. An archived audio replay of the call will be available for 14 days, which can be accessed by dialing (877) 481-4010 and providing replay passcode 47555.

Non-GAAP Financial Measures

NGL defines EBITDA as net income (loss) attributable to NGL Energy Partners LP, plus interest expense, income tax expense (benefit), and depreciation and amortization expense. NGL defines Adjusted EBITDA as EBITDA excluding net unrealized gains and losses on derivatives, lower of cost or net realizable value adjustments, gains and losses on disposal or impairment of assets, gains and losses on early extinguishment of liabilities, equity-based compensation expense, acquisition expense, revaluation of liabilities, certain legal settlements and other. NGL also includes in Adjusted EBITDA certain inventory valuation adjustments related to certain refined products businesses within NGL’s Liquids Logistics segment as discussed below. EBITDA and Adjusted EBITDA should not be considered as alternatives to net income (loss), income (loss) before income taxes, cash flows from operating activities, or any other measure of financial performance calculated in accordance with GAAP, as those items are used to measure operating performance, liquidity or the ability to service debt obligations. NGL believes that EBITDA provides additional information to investors for evaluating NGL’s ability to make quarterly distributions to NGL’s unitholders and is presented solely as a supplemental measure. NGL believes that Adjusted EBITDA provides additional information to investors for evaluating NGL’s financial performance without regard to NGL’s financing methods, capital structure and historical cost basis. Further, EBITDA and Adjusted EBITDA, as NGL defines them, may not be comparable to EBITDA, Adjusted EBITDA, or similarly titled measures used by other entities.

Other than for certain businesses within NGL’s Liquids Logistics segment, for purposes of the Adjusted EBITDA calculation, NGL makes a distinction between realized and unrealized gains and losses on derivatives. During the period when a derivative contract is open, NGL records changes in the fair value of the derivative as an unrealized gain or loss. When a derivative contract matures or is settled, NGL reverses the previously recorded unrealized gain or loss and records a realized gain or loss. NGL does not draw such a distinction between realized and unrealized gains and losses on derivatives of certain businesses within NGL’s Liquids Logistics segment. The primary hedging strategy of these businesses is to hedge against the risk of declines in the value of inventory over the course of the contract cycle, and many of the hedges cover extended periods of time. The “inventory valuation adjustment” row in the reconciliation table reflects the difference between the market value of the inventory of these businesses at the balance sheet date and its cost. NGL includes this in Adjusted EBITDA because the unrealized gains and losses associated with derivative contracts associated with the inventory of this segment, which are intended primarily to hedge inventory holding risk and are included in net income, also affect Adjusted EBITDA. In NGL’s Crude Oil Logistics segment, they purchase certain crude oil barrels using the West Texas Intermediate (“WTI”) calendar month average (“CMA”) price and sell the crude oil barrels using the WTI CMA price plus the Argus CMA Differential Roll Component (“CMA Differential Roll”) per NGL’s contracts. To eliminate the volatility of the CMA Differential Roll, NGL entered into derivative instrument positions in January 2021 to secure a margin of approximately $0.20 per barrel on 1.5 million barrels per month from May 2021 through December 2023. Due to the nature of these positions, the cash flow and earnings recognized on a GAAP basis will differ from period to period depending on the current crude oil price and future estimated crude oil price which are valued utilizing third-party market quoted prices. NGL is recognizing in Adjusted EBITDA the gains and losses from the derivative instrument positions entered into in January 2021 to properly align with the physical margin NGL is hedging each month through the term of this transaction. This representation aligns with management’s evaluation of the transaction.

Distributable Cash Flow is defined as Adjusted EBITDA minus maintenance capital expenditures, income tax expense, cash interest expense, preferred unit distributions and other. Maintenance capital expenditures represent capital expenditures necessary to maintain the Partnership’s operating capacity. For the CMA Differential Roll transaction, as discussed above, we have included an adjustment to Distributable Cash Flow to reflect, in the period for which they relate, the actual cash flows for the positions that settled that are not being recognized in Adjusted EBITDA. Distributable Cash Flow is a performance metric used by senior management to compare cash flows generated by the Partnership (excluding growth capital expenditures and prior to the establishment of any retained cash reserves by the Board of Directors) to the cash distributions expected to be paid to unitholders. Using this metric, management can quickly compute the coverage ratio of estimated cash flows to planned cash distributions. This financial measure also is important to investors as an indicator of whether the Partnership is generating cash flow at a level that can sustain, or support an increase in, quarterly distribution rates. Actual distribution amounts are set by the Board of Directors.

We do not provide a reconciliation for non-GAAP estimates on a forward-looking basis where we are unable to provide a meaningful calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of various items that would impact the most directly comparable forward-looking U.S. GAAP financial measure that have not yet occurred, are out of the Partnership’s control and/or cannot be reasonably predicted. Forward-looking non-GAAP financial measures provided without the most directly comparable U.S. GAAP financial measures may vary materially from the corresponding U.S. GAAP financial measures.

Forward-Looking Statements

This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While NGL believes such forward-looking statements are reasonable, NGL cannot assure they will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in NGL’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other public filings. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” NGL undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.

NGL provides Adjusted EBITDA guidance that does not include certain charges and costs, which in future periods are generally expected to be similar to the kinds of charges and costs excluded from Adjusted EBITDA in prior periods, such as income taxes, interest and other non-operating items, depreciation and amortization, net unrealized gains and losses on derivatives, lower of cost or net realizable value adjustments, gains and losses on disposal or impairment of assets, gains and losses on early extinguishment of liabilities, equity-based compensation expense, acquisition expense, revaluation of liabilities and items that are unusual in nature or infrequently occurring. The exclusion of these charges and costs in future periods will have a significant impact on the Partnership’s Adjusted EBITDA, and the Partnership is not able to provide a reconciliation of its Adjusted EBITDA guidance to net income (loss) without unreasonable efforts due to the uncertainty and variability of the nature and amount of these future charges and costs and the Partnership believes that such reconciliation, if possible, would imply a degree of precision that would be potentially confusing or misleading to investors.

About NGL Energy Partners LP

NGL Energy Partners LP, a Delaware limited partnership, is a diversified midstream energy company that transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and other products and transports, treats and disposes of produced water generated as part of the oil and natural gas production process.

For further information, visit the Partnership’s website at www.nglenergypartners.com.

NGL Energy Partners LP
Brad Cooper, 918-481-1119
Executive Vice President and Chief Financial Officer
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or
David Sullivan, 918-481-1119
Vice President - Finance
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On February 10, 2023, LanzaTech’s common stock and public warrants expected to begin trading on Nasdaq under the ticker symbols LNZA and LNZAW, respectively

Total transaction proceeds of approximately $240 million expected to fund business plan through estimated cashflow breakeven in 2024

CHICAGO & GREENWICH, Conn.--(BUSINESS WIRE)--LanzaTech Global, Inc. (“LanzaTech”), formerly known as AMCI Acquisition Corp. II (“AMCI”), today announced the completion of its previously announced business combination between AMCI and LanzaTech NZ, Inc., an innovative carbon capture and transformation (“CCT”) company that converts waste carbon into materials such as sustainable fuels, fabrics, packaging and other products that people use in their daily lives. LanzaTech is the first CCT company to become public in the United States.

In connection with the closing of the business combination, AMCI has been renamed LanzaTech Global, Inc. and on February 10, 2023 its common stock is expected to begin trading on the Nasdaq under the ticker symbol LNZA and its public warrants are expected to begin trading on Nasdaq under the ticker symbol LNZAW.

“LanzaTech’s revolutionary, commercially scaled technology offering, top quality team led by Chairwoman and CEO, Jennifer Holmgren, and visible path to rapid, profitable growth in the near term, provided all the elements necessary for a successful transaction in line with the original strategy we established at the time of our founding,” stated Nimesh Patel, former CEO of AMCI and current director of LanzaTech. “We are very excited by the tremendous opportunities presented by LanzaTech as its CCT technology is deployed at scale.”

“We are thrilled to complete this transaction, partnering with Nimesh Patel and the AMCI team and take the next steps towards accelerating the wide-spread deployment of our commercially scaled, CCT technology and ultimately the development of the circular carbon economy our world needs.” said Jennifer Holmgren, Chairwoman and CEO of LanzaTech. “We believe that the completion of the transaction and our status as a new public company will help facilitate our ambitious growth plans and accelerate the validation and, ultimately, the deployment of our revolutionary CCT technology in the eyes of the market.”

Commercially Scaled Technology to Implement the Circular Carbon Economy of Tomorrow

LanzaTech’s gas fermentation technology is designed to provide a profitable pathway for alleviating the significant carbon problem of heavy industry and manufacturing. Through technology and applications that are designed to touch multiple points of carbon use, LanzaTech believes it can offer a solution which could be a meaningful contributor to solving the global carbon crisis. LanzaTech’s scalable technology is designed to enable participants in many industries to reduce their carbon footprint and overall environmental impact in a profitable way and to help end users replace materials made from virgin fossil resources with materials made from recycled carbon. LanzaTech helps customers create a more sustainable future by supporting customers’ ESG goals and helping industries meet mandated emissions reduction targets.

Since its inception in 2005, LanzaTech has scaled proprietary bio-reactors for its novel fuels and chemical production process, using waste carbon emissions as a feedstock. With three commercial facilities using its technology and over 1,250 patents covering multiple aspects of the technology platform, LanzaTech’s vision is to create a just energy transition for all.

LanzaTech, along with LanzaJet, Inc., a key partner focused on the production of sustainable aviation fuel, has built a roster of customers, partners and investors from a wide variety of industries that range from steel producers, including ArcelorMittal, and traditional energy companies, such as Suncor Energy and Shell, to aviation companies including All Nippon Airways, British Airways and Virgin Atlantic, commercially validating the technology in a number of different applications and illustrating a high degree of confidence and adoption across numerous industries.

LanzaTech Helping Pave the Road to Net-Zero

Using a variety of waste feedstocks, LanzaTech’s technology platform highlights a future in which consumers are not dependent on virgin fossil feedstocks in their daily lives. LanzaTech’s goal is to challenge and change the way the world uses carbon, enabling a new circular carbon economy in which carbon is reused rather than wasted, skies and oceans are kept clean, and pollution becomes a thing of the past.

LanzaTech’s capital-light, licensing-driven business model not only enables LanzaTech to significantly accelerate the deployment of its patent-protected technology, but also creates a global opportunity unencumbered by geography. By licensing its technology to customers, LanzaTech provides an opportunity to make significant progress toward sustainability goals.

LanzaTech’s management believes that its commercially viable technology has the potential to enable decarbonization in many of the world’s most carbon intensive industries.

Continued Commercial Momentum Built During Challenging Year for Broader Market

Since the announcement of the proposed business combination on March 8, 2022, LanzaTech NZ, Inc has continued to make significant strides, both commercially and technologically. Over the course of the past year, LanzaTech NZ, Inc has achieved a number of notable commercial wins and announced several significant technology advancements. These include the opening of the third commercial scale plant in China using LanzaTech NZ, Inc’s technology, as well as several new commercial partnerships, further validating LanzaTech NZ, Inc’s technology across a wide array of end markets and applications. Some of the most notable developments announced by LanzaTech NZ, Inc during 2022 include:

• Twelve and LanzaTech Partner to Create Ethanol From CO2 (March 03, 2022) – LanzaTech NZ, Inc. and carbon transformation company Twelve announced the transformation of CO2 emissions into ethanol as part of an ongoing research and development partnership. Eliminating fossil fuels from ethanol production by converting CO2 to CO through Twelve’s carbon transformation technology, and subsequently using LanzaTech NZ, Inc.’s small Continuous Stirred Tank Reactor (CSTR) to convert CO to ethanol, eliminates the use of feedstocks otherwise used as food from the ethanol production process.
• Renewable Propane Partnership with SHV Energy (March 23, 2022) – LanzaTech NZ, Inc and SHV Energy announced a strategic partnership to employ LanzaTech NZ, Inc’s CCT technology to bring renewable propane and other sustainable fuels to the market via existing and novel pathways.
• Bridgestone Partners with LanzaTech to Pursue End-of-Life Tire Recycling Technologies (April 13, 2022) – The two companies partnered to co-develop the first dedicated end-of-life tire recycling process leveraging LanzaTech NZ, Inc’s proprietary CCT technology and creating a pathway toward tire material circularity and the decarbonization of new tire production.
• Method to Produce Sustainable PET Bottles from Captured Carbon Discovered (May 26, 2022) – LanzaTech NZ, Inc and Danone led a consortium which discovered a new route to monoethylene glycol, (MEG), which is a key building block for polyethylene terephthalate, resin, fibers and bottles. The technology converts carbon emissions from steel mills or gasified waste biomass directly into MEG.
• LanzaTech and Brookfield Form Strategic Partnership with an Initial $500 Million Commitment (October 3, 2022) – Funding partnership with Brookfield Renewable, and its institutional partners to co-develop and build new commercial-scale production plants that will employ LanzaTech’s CCT technology.
• LanzaTech Produces Ethylene from CO2 (October 11, 2022) – Breakthrough discovery successfully engineering specialized biocatalysts to directly produce ethylene from CO2 in a continuous process.
• LanzaTech and Woodside Energy Announce Strategic Collaboration (October 24, 2022) – Collaboration with Woodside Energy in which Woodside will design, construct, own, maintain and operate pilot facilities relating to LanzaTech’s technologies.
• LanzaTech Announced as a Finalist for the Earthshot Prize Awards (November 4, 2022) – Launched in 2020 by HRH Prince William, The Earthshot Prize is the world’s most prestigious environmental prize. Following a rigorous, 10-month selection process, a panel of advisors with expertise in science, conservation, innovation, investment, economics, politics and activism selected LanzaTech from more than 1,000 nominations.

Transaction Overview

As a result of this transaction, LanzaTech has received approximately $240 million of gross proceeds, including $185 million from a common equity PIPE anchored by accredited investors, institutional buyers and strategic partners, including ArcelorMittal, BASF, K1W1, Khosla Ventures, Mitsui, NZ Super Fund, Oxy Low Carbon Ventures LLC, Primetals, SHV Energy and Trafigura. The business combination values LanzaTech at an implied pro forma enterprise value of approximately $1.8 billion.

Proceeds from the transaction will be used to fund acceleration in LanzaTech’s commercial operations, capital requirements associated with development projects in which LanzaTech has chosen to participate with partners, and continued technological innovation. LanzaTech will continue to be based in Chicago, Illinois and led by Dr. Jennifer Holmgren, Chairwoman and Chief Executive Officer of LanzaTech Global, Inc., and other key members of LanzaTech’s executive leadership.

About LanzaTech

Headquartered in Skokie, Ill., LanzaTech transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products. Using a variety of waste feedstocks, LanzaTech’s technology platform highlights a future where consumers are not dependent on virgin fossil feedstocks for everything in their daily lives. LanzaTech’s goal is to challenge and change the way the world uses carbon, enabling a new circular carbon economy where carbon is reused rather than wasted, skies and oceans are kept clean, and pollution becomes a thing of the past. For more LanzaTech visit https://lanzatech.com.

About AMCI Acquisition Corp. II

AMCI Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger with a business focused on decarbonizing the heavy industrial complex and transitioning the global energy mix to a lower carbon footprint. AMCI's sponsor is an affiliate of the AMCI group of companies. AMCI invests in and operates industrial businesses focused on natural resources, transportation, infrastructure, metals and energy, with an existing portfolio of 20 companies located around the world. AMCI is led by Chief Executive Officer Nimesh Patel, President Brian Beem, and Chief Financial Officer Patrick Murphy.

Forward-Looking Statements

This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs and assumptions of LanzaTech’s management. Although LanzaTech believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, LanzaTech’s management. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can LanzaTech assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to LanzaTech or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact - LanzaTech
Freya Burton, Chief Sustainability Officer
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Investor Relations Contact - LanzaTech
Omar El-Sharkawy
VP, Corporate Development
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Bloom Energy Server™ with Heat Capture Lifetime Average Efficiency of up to 90%

SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE:BE) has released its newest application to further enhance the efficiency of its Bloom Energy Server™ to serve customers in markets facing growing energy demand but constrained power grids and ambitious climate goals. The Bloom platform can now be ordered by customers with the compatibility to support Combined Heat and Power (CHP), increasing system efficiency and improving economics.

“Compared to older technologies including combustion engines, the Bloom Energy Server has one of the highest electrical efficiencies in the industry. By adding Heat Capture, the system efficiency is currently in the mid-80% range, with the potential roadmap that can increase the CHP efficiency to 90%,” said Ravi Prasher, Chief Technology Officer, Bloom Energy. “This is another example of our ongoing investment in research and development to provide low-carbon, energy solutions.”

The CHP compatible energy platform enhances Bloom’s value proposition in support of its international expansion plans, especially in Europe. The EU offers tax credits for repurposing CHP systems to address energy constraints and support climate goals. Some typical applications for the CHP systems include industrial boilers, central heating, district heating and process water and cooling. Bloom’s first CHP compatible platform will be delivered this summer to a customer in Italy.

Bloom Energy is a world leader in solid oxide fuel cells. Its energy server is designed with the philosophy of using every input as efficiently as possible. CHP is a system that produces electricity and thermal energy, using a range of technologies and fuels most typically with combustion engines. With on-site production, losses are minimized and heat that would otherwise be wasted is applied to facility loads in the form of process heating, hot water, or even chilled water.

For more information about Bloom Energy’s CHP technology visit: https://www.bloomenergy.com/applications/energy-server-with-heat-capture/

Forward-Looking Statements

This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to: the efficiency, economics, value proposition and timing of delivery of the Bloom Energy Server™ with CHP; Bloom’s investment in research and development; Bloom’s international expansion plans; potential tax credits. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022, filed with the SEC on May 6, 2022, August 9, 2022 and November 3, 2022, respectively, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.

Media Contact:
Donald Campbell
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Investor Relations:
Ed Vallejo
267.370.9717
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HOUSTON--(BUSINESS WIRE)--Expro Group Holdings N.V. (NYSE: XPRO) (“Expro” or the “Company”) will hold a conference call on February 23, 2023 to discuss results for the quarter ended December 31, 2022. The conference call is scheduled to begin at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). A press release regarding the results will be issued before the market opens on February 23 and the press release, together with associated presentation slides, will be posted to the investor relations section of the Expro website in advance of the conference call.

We encourage those who plan to dial-in to the conference to pre-register: Pre-Registration Link. Callers who pre-register will be given a dial-in number and unique PIN via email to gain immediate access to the call.

Participants may also join the conference call by dialing:
US: 1 844 200 6205
International: +1 929 526 1599
Access code: 744040

To listen via live webcast, please visit the investor section of www.expro.com.

An audio replay of the webcast will be available in the Investor section of the Company’s website approximately 3 hours after the conclusion of the call and remain available for a period of 12 months.

To access the audio replay telephonically:
Dial-In: US 1 929 458 6194 or 44 (204) 525 0658
Access ID: 744577
Start Date: February 23, 2023, 1:00 p.m. CT
End Date: March 2, 2023, 11:00 p.m. CT

ABOUT EXPRO

Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access and well intervention and integrity solutions.

With roots dating to 1938, Expro has approximately 7,600 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries.

For more information, please visit: expro.com and connect with Expro on Twitter: @ExproGroup and LinkedIn: @Expro.

Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
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+1 281 994 1056