Business Wire | Page 588

: Business Wire; Posted On Nov 22, 2022

Avangrid Foundation, United Illuminating Deliver $30,000 Grant to Support Ronald McDonald House Charities

Grant will support RMHC’ Pantry Pals Program in Connecticut, Western Massachusetts

ORANGE, Conn.--(BUSINESS WIRE)--Building on AVANGRID’s commitment to positive community impact in Connecticut and its other service areas, the Avangrid Foundation and the United Illuminating Company today announced a $30,000 grant to the Ronald McDonald House Charities of Connecticut and Western Massachusetts (RMHC). To celebrate the grant, and the critical work RMHC does across its network of chapters, AVANGRID CEO Pedro Azagra, UI President and CEO Frank Reynolds, and Avangrid Foundation Executive Director Pablo Colón last week visited with the leadership of RMHC, and toured one of its homes in New Haven. The grant builds on AVANGRID’s long-standing support of RMHC, bringing the company’s total support of RMHC nationally to more than $300,000 since 2016. Over the last 5 years, AVANGRID and the Avangrid Foundation have made over $5.7 million in charitable donations to nonprofits and other community organizations across Connecticut.

“Companies are about people, and partnerships like the one AVANGRID has with Ronald McDonald House Charities reflect our steadfast commitment to making a meaningful, positive impact in the lives of the families in the communities where we are present,” said Pedro Azagra, CEO of AVANGRID. “As we approach the Thanksgiving holiday, I was inspired to see the work RMHC does and the essential role they play in the New Haven community, and AVANGRID is honored to offer our support to this vital organization.”

The grant delivered by the Avangrid Foundation and UI will support RMHC’ Pantry Pals Program in Connecticut and Western Massachusetts, which alleviates the financial burden families face by ensuring they have basic provisions during their stay at RMHC, free of charge.

“Our Pantry Pals Program is one of the most important elements of our family-centered services. Having a pantry full of items to choose from to prepare breakfast, lunch and dinner for each family is essential to keeping families together so that they are better prepared to handle the challenges that lay before them,” said Michelle D’Amore, Executive Director of Ronald McDonald House Charities of Connecticut and Western Massachusetts. “We are delighted to receive this most important and impactful grant from Avangrid Foundation to serve the children and families who will need our special home away from home.”

The Ronald McDonald House Charities of Connecticut and Western Massachusetts provides families with the lodging and daily necessities to make each of their Houses a home away from home. The Pantry Pals program provides critical resources to alleviate the stress of meal planning as families focus on the health of their children.

“In this season of giving, our visit to the RMHC impressed upon me the important role UI and its employees play in supporting healthy, vibrant, and caring communities across our service territory,” said UI President and CEO Frank Reynolds. “The exceptional work RMHC does deserves all of our admiration, and the entire team at UI takes immense pride in this enduring partnership and the difference we’ve been able to make in the communities we serve.”

The Avangrid Foundation has worked closely with the RMHC since 2016. AVANGRID was the first corporate sponsor to contribute to the construction of the Ronald McDonald House’s new facility in New Haven, Connecticut, and has also contributed grants for outdoor improvements, PPE, and other urgent needs.

During the visit, which took place on Thursday, November 17, 2022, AVANGRID CEO Pedro Azagra, UI President and CEO Frank Reynolds and Avangrid Foundation Executive Director Pablo Colón met with Michelle D’Amore, Executive Director and Dick Popilowski, Chief Development Officer, of Ronald McDonald House Charities of Connecticut and Western Massachusetts. The group toured the living spaces guests stay in, like the AVANGRID Room, supported by a company donation, as well as the living and kitchen facilities that the latest grant will support.

About Avangrid Foundation: The Avangrid Foundation is an independent, nonprofit organization that funds philanthropic investments that primarily impact communities where AVANGRID, Inc. and its subsidiaries operate. Since 2001, the Avangrid Foundation and its predecessors have invested more than $32 million in partnerships that focus on building sustainable, vital and healthy communities; preserving cultural and artistic heritage; advancing education; and improving people’s lives. The Avangrid Foundation is committed to advancing the United Nations Sustainable Development Goals in the United States. For more information, please visit www.avangridfoundation.org.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. AVANGRID is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

About UI: The United Illuminating Company (UI) is a subsidiary of AVANGRID, Inc. Established in 1899, UI operates approximately 3,600 miles of electric distribution lines and 138 miles of transmission lines. It serves approximately 341,000 customers in the greater New Haven and Bridgeport areas of Connecticut. UI received the Edison Electric Institute’s Emergency Response Award in 2019 and 2021. For more information, visit www.uinet.com.

Contacts

MEDIA:
Mariel Huerta
This email address is being protected from spambots. You need JavaScript enabled to view it.
475-234-9220

: Business Wire; Posted On Nov 21, 2022

Rare Element Resources receives $4.4 million grant from Wyoming Energy Authority in support of Rare Earth Demonstration Plant Project

LITTLETON, Colorado--(BUSINESS WIRE)--Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) is pleased to announce that it has been awarded a $4.4 million grant from the Wyoming Energy Authority (the “WEA”) to be utilized for the advancement of the Company’s rare earth element processing and separation demonstration plant project in Upton, Wyoming. The grant is a cost reimbursement award for future expenditures related to the project, which is also supported by the U.S. Department of Energy (the “DOE”) through a previously announced financial award. The total project cost is approximately $44 million, with $21.9 million provided through the DOE.

Brent Berg, President and CEO of the Company, stated, “We are very pleased that the WEA, upon the approval of the University of Wyoming Energy Resources Council, recognizes the critical importance of this timely project for the trajectory of the rare earth industry in the United States. Wyoming’s financial support exemplifies its commitment to critical materials, specifically rare earth element production. We cannot imagine a more favorable location for this important project and look forward to working with the WEA and others in the state of Wyoming, including the University of Wyoming School of Energy Resources, for many years to come. As we progress our demonstration plant through licensing, construction, and operations in the near-term, we will plan for the advancement of a commercial-scale plant to support the Bear Lodge deposit in the future.” Mr. Berg added, “We understand, as does Wyoming, that our project will serve as a cornerstone for the rare earth industry in Wyoming and America while providing a venue for worker training in rare earth processing and separation.”

The rare earth processing and separation plant project, led by General Atomics, an affiliate of the Company’s largest shareholder, Synchron, is nearing the final design review milestone, which is expected to be complete by the end of this year. This milestone will allow the Company to advance through the first go/no go decision point with the DOE. Upon the DOE’s approval to proceed, the WEA grant will be available to the Company, subject to the details to be contained in a memorandum of understanding between the Company and the State of Wyoming.

Glen Murrell, Executive Director of the WEA stated, “The need for domestic rare earth elements is a necessity for both our ‘all-of-the-above’ energy strategy and also our energy security. Given that Wyoming is home to one of the highest-grade rare earth deposits in North America, we felt supporting Rare Element Resources’ demonstration plant in Upton was vital.” Dr. Murrell added, “We look forward to supporting this project and supporting the development of the critical minerals industry in Wyoming.”

The demonstration plant will utilize the Company’s proprietary technology and is expected to produce commercial-grade neodymium/praseodymium (Nd/Pr) high-purity oxide that is used in producing high-strength permanent magnets. These high-strength permanent magnets are a key component in the manufacture of electric vehicles and wind turbines, among other technology uses. Previously stockpiled material from the Company’s Bear Lodge deposit in northeast Wyoming will be processed in the plant.

Synchron and General Atomics are privately held companies engaged in the development and production of advanced technology products and systems for the energy and defense sectors. General Atomics is an affiliate of Synchron, the Company’s majority shareholder.

Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy and defense applications by advancing the Bear Lodge Critical Rare Earth Project in northeast Wyoming. Bear Lodge is a significant mineralized district containing many of the less common, more valuable, critical rare earths that are essential for high-strength permanent magnets, electronics, fiber optics, laser systems for medical technology and defense, as well as technologies like electric vehicles, solar panels and wind turbines.

Wyoming Energy Authority advances Wyoming’s energy strategy by driving data, technology, and infrastructure investments. Focusing on an “all-of-the-above” energy mix, the WEA’s strategy includes products from legacy industries, along with the newer players advancing renewable energy and opportunities in hydrogen, advanced nuclear, geothermal, and rare earth elements. The WEA was created in 2020 by the Wyoming State Legislature by merging the Wyoming Infrastructure Authority and the Wyoming Pipeline Authority.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and forward-looking information within the meaning of securities legislation in Canada (collectively, “forward-looking statements”). Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are usually identified by our use of certain terminology, including “will,” “believes,” “may,” “expects,” “should,” “seeks,” “anticipates,” “plans,” “has potential to,” or “intends” (including negative and grammatical variations thereof), or by discussions of strategy or intentions. Such forward-looking statements include statements regarding the rare earth processing and separation demonstration plant, the estimated costs of the plant, the plans and timing for the design, licensing, construction, and operation of the plant, the expected production from the plant, and the plant’s expected utilization of the Company’s proprietary technology. Factors that could cause actual results to differ materially from those contemplated, expressed or implied by the forward-looking statements contained in this news release include, but are not limited to, the ability to obtain demonstration plant licensing and permits, inflation and supply chain issues, successful further permitting activities for the Bear Lodge Project, the availability of sufficient capital for the future development and operations of the Company, and other matters discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and our other periodic and current reports filed with the U.S. Securities and Exchange Commission the (the “SEC”) and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other uncertainties and risk factors set out in our filings made from time to time with the SEC and the Canadian regulators, including, without limitation, our reports on Form 10-K and Form 10-Q. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. While we may elect to update our forward-looking statements at any time, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Contacts

Rare Element Resources: Please contact Brent Berg at +1 720-278-2460 or This email address is being protected from spambots. You need JavaScript enabled to view it., for additional information.

Wyoming Energy Authority: Please contact Honora Kerr at +1 970-270-1014 or This email address is being protected from spambots. You need JavaScript enabled to view it., for additional information.

: Business Wire; Posted On Nov 22, 2022

BitNile Holdings Reports Third Quarter 2022 Financial Results, Including Revenue of $100 Million for the Nine Months Ended September 30, 2022, up 124% from the Prior Year’s Nine-Month Period

LAS VEGAS--(BUSINESS WIRE)--$ALZN #100_million_gross_revenue--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), reported its financial results for the third quarter ended September 30, 2022 on its Form 10-Q filed with the Securities and Exchange Commission.

Third quarter 2022 highlights include:

Total assets of $610.9 million as of September 30, 2022;
Positive working capital of $25.7 million as of September 30, 2022;
Cash and cash equivalents of $10.1 million as of September 30, 2022;
Revenue from cryptocurrency mining of $3.9 million, compared to $0.3 million in the prior third fiscal quarter;
Revenue from the Company’s majority owned subsidiary, The Singing Machine Company, Inc. (Nasdaq: MICS) (“SMC”), acquired in June 2022, of $17.1 million, compared to $0 in the prior third fiscal quarter;
Revenue from hotel operations, acquired in December 2021, of $5.5 million, compared to $0 in the prior third fiscal quarter;
Revenue from lending and trading activities of $13.4 million, compared to negative revenue of ($38.9) million in the prior third fiscal quarter, of which revenue in the current as well as the prior year’s third fiscal quarter included an approximate ($33.4) million unrealized gain from the Company’s investment in Alzamend Neuro, Inc. (Nasdaq: ALZN) (“Alzamend”);
Revenues from trading activities during the three months ended September 30, 2022 included net gains on equity securities, including unrealized gains and losses from market price changes. These gains and losses have caused, and will continue to cause, significant volatility in our periodic earnings;
Total revenue of $49.8 million improved $80.6 million, from negative revenue of ($30.8) million in the prior third fiscal quarter; and
Net loss available to common stockholders of $7.5 million improved $35.4 million, compared to a net loss available to common stockholders of $42.9 million in the prior third fiscal quarter.

Nine months ended September 30, 2022 highlights:

Revenue from cryptocurrency mining of $11.4 million, compared to $0.7 million in the prior nine-month period;
Revenue from SMC, acquired in June 2022, of $17.1 million, compared to $0 in the prior nine-month period;
Revenue from hotel operations, acquired in December 2021, of $12.8 million, compared to $0 in the prior nine-month period;
Revenue from lending and trading activities of $32.2 million, an increase of 64%, from $19.6 million in the prior nine-month period;
Total revenue of $100.0 million, an increase of 124%, from $44.6 million in the prior nine-month period;
Cash provided by operating activities of $12.9 million, compared to cash used in operating activities of ($56.9) million in the prior nine-month period;
Interest expense of $35.8 million, primarily resulting from the issuance of $66 million of secured promissory notes in December 2021, which were fully paid in March 2022. Interest expense from these notes included the amortization of debt discount of $26.3 million from the issuance of warrants, a non-cash charge, and original issue discount, in connection with these secured promissory notes; and
Net loss available to common stockholders of $62.0 million, compared to net income available to common stockholders of $1.3 million in the prior nine-month period.

Revenues

Revenues by segment for the three months ended September 30, 2022 and 2021 were as follows:

	For the Three Months Ended September 30,
	2022		2021			Increase		%
Gresham Worldwide (“GWW”)	$	7,782,000	$	6,373,000		$	1,409,000	22	%
Imperalis Holding Corp., to be renamed TurnOnGreen, Inc. (“TurnOnGreen”)		1,662,000		1,094,000			568,000	52	%
SMC		17,114,000		-			17,114,000	—
BitNile, Inc. (“BNI”)
Revenue, cryptocurrency mining		3,874,000		272,000			3,602,000	1324	%
Revenue, commercial real estate leases		272,000		249,000			23,000	9	%
Ault Global Real Estate Equities, Inc. (“AGREE”)		5,513,000		-			5,513,000	—
Ault Alliance:
Revenue, lending and trading activities		13,360,000		(38,869,000	)		52,229,000	-134	%
Other		201,000		87,000			114,000	131	%
Total revenue	$	49,778,000	$	(30,794,000	)	$	80,572,000	-262	%

Gresham Worldwide

GWW revenues increased by $1.4 million, or 22%, to $7.8 million for the three months ended September 30, 2022, from $6.4 million for the three months ended September 30, 2021. The increase in revenue from our GWW segment for customized solutions for the military markets reflects $0.9 million from Giga-tronics Incorporated (“GIGA”), which was acquired on September 8, 2022, and $0.5 million higher revenues from Gresham UK, a GWW subsidiary, related to naval power projects that had previously been delayed.

TurnOnGreen

TurnOnGreen revenues for the three months ended September 30, 2022 of $1.7 million increased $0.6 million, or 52%, from $1.1 million for the three months ended September 30, 2021, due to increased sales to defense customers.

SMC

SMC revenues increased by $17.1 million for the three months ended September 30, 2022, compared to $0 for the three months ended September 30, 2021, due to the acquisition of SMC in June 2022.

BNI

Revenues from BNI’s cryptocurrency mining operations were $3.9 million for the three months ended September 30, 2022, compared to $0.3 million for three months ended September 30, 2021. During 2021, we began to purchase Bitcoin mining equipment, most of which were delivered in 2022, which greatly increased our cryptocurrency mining activities. Our decision to increase our cryptocurrency mining operations was based on several factors, which positively affected the number of active miners we operated, including the market prices of digital currencies, and favorable power costs available at our Michigan data center.

AGREE

AGREE revenues were $5.5 million for the three months ended September 30, 2022, compared to $0 for the three months ended September 30, 2021. On December 22, 2021, AGREE acquired four hotel properties for $71.3 million, consisting of a 136-room Courtyard by Marriott, a 133-room Hilton Garden Inn and a 122-room Residence Inn by Marriott in Middleton, WI, as well as a 135-room Hilton Garden Inn in Rockford, IL.

Ault Alliance

Revenues from our lending and trading activities increased to $13.4 million for the three months ended September 30, 2022, from negative revenues of $38.9 million for the three months ended September 30, 2021, which is attributable to significant realized and unrealized gains in the current year period and unrealized losses in the prior year period from our investment portfolio. During the three months ended September 30, 2022, Ault Lending, LLC (“Ault Lending”) (formerly known as Digital Power Lending, LLC) generated significant income from appreciation of investments in marketable securities as well as shares of common stock underlying convertible notes and warrants issued to Ault Lending in certain financing transactions. Revenue from lending and trading activities during the three months ended September 30, 2022 included an approximate $2.5 million unrealized gain from our investment in Alzamend. Under its business model, Ault Lending also generates revenue through origination fees charged to borrowers and interest generated from each loan.

Revenues from our trading activities during the three months ended September 30, 2021 included significant unrealized losses from market price changes related to Alzamend. During the three months ended September 30, 2021, we recorded an unrealized loss of $27.4 million related to our investment in Alzamend common stock. During the three months ended September 30, 2021, we recorded an unrealized loss on our investment in warrants of Alzamend of $6.0 million. Our investment in Alzamend will be revalued on each balance sheet date.

Revenues from our trading activities during the three months ended September 30, 2022 included net gains on equity securities, including unrealized gains and losses from market price changes. These gains and losses have caused, and will continue to cause, significant volatility in our periodic earnings.

Gross Margins

Gross margins were 42.4% for the three months ended September 30, 2022, compared to 117.1% for the three months ended September 30, 2021. Our gross margins have typically ranged between 30% and 35%, with slight variations depending on the overall composition of our revenue.

Our gross margins of 42.4% recognized during the three months ended September 30, 2022 were impacted by the favorable margins from our lending and trading activities and modest margins on cryptocurrency mining operations due to the decline in the price of Bitcoin. Excluding the effects of margin from our lending and trading activities and cryptocurrency mining operations, our adjusted gross margins for the three months ended September 30, 2022 and 2021, would have been 27.6% and 35.8%, respectively, with gross margins for the three months ended September 30, 2022 slightly lower than our historical averages due to gross margins from SMC, which were 23.8%.

Operating Expenses

Operating expenses increased to $26.4 million for the three months ended September 30, 2022, representing an increase of $12.6 million compared to $13.8 million for the three months ended September 30, 2021.

The increase in operating expenses from the three months ended September 30, 2022 is attributable to the following:

Selling and marketing expenses were $7.4 million for the three months ended September 30, 2022, compared to $2.0 million for the three months ended September 30, 2021, an increase of $5.4 million, or 273%. The increase was the result of $4.2 million higher marketing costs at Ault Alliance, Inc., including $3.2 million related to an advertising sponsorship agreement as well as a $0.9 million increase in sales and marketing costs from SMC, which was acquired in June 2022; and
General and administrative expenses were $15.9 million for the three months ended September 30, 2022, compared to $11.3 million for the three months ended September 30, 2021, an increase of $4.7 million, or 41%. General and administrative expenses increased from the comparative prior period, mainly due to:
- general and administrative costs of $2.6 million from SMC, which was acquired in June 2022;
- general and administrative costs of $0.6 million from Avalanche International Corp., which was acquired in June 2022;
- general and administrative costs of $0.6 million from our hotel operations, which were acquired in December 2021;
- $2.2 million increase in the accrual of a performance bonus related to realized gains on trading activities during the period;
- increased costs of $0.6 million, in part related to the efforts to spin off TurnOnGreen and GIGA; and
- partially offset by lower non-cash stock compensation costs of $2.5 million.

The Company’s Chief Financial Officer, Kenneth S. Cragun, said, “We recorded revenue for the nine months ended September 30, 2022 at $100 million, and exited the third quarter with an annualized revenue run rate of $200 million. Our new initiatives and acquisitions in 2022 contributed to revenue growth with $17 million from SMC, $11 million from Bitcoin mining and $13 million from AGREE. Cash provided by operating activities was $12.9 million for the nine months ended September 30, 2022. We reported an operating loss of $5.3 million in the third quarter of 2022, but that included $4.8 million of depreciation and amortization, $2.0 million of stock compensation and $2.5 million of impairment charges related to our mining operations.”

Mr. Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “With more than half of $1 billion of assets and a dramatic improvement in financial results, I’m incredibly proud of the team. The Company has faced a hurricane-like event with the volatility in Bitcoin market and has managed very difficult conditions to grow revenues to $100 million for the first nine months of 2022. Simply put, this is in my opinion the best quarter in the Company’s history. The announced dividends of TurnOnGreen and GIGA pave the way for us to focus inward on the performance of our existing assets and capital structure. We are focused more than ever on improving stockholder value and continuing to improve our financial results under difficult conditions in the marketplace. As I said, I could not be more proud of the team. We expect to continue dramatic revenue growth in 2023, as we focus on increasing cash flow from our producing assets.”

For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.

Contacts

This email address is being protected from spambots. You need JavaScript enabled to view it. or 1-888-753-2235

: Business Wire; Posted On Nov 21, 2022

Solid-State Transformer Market Report 2022: Increase in Renewable Power Generation Fueling Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Solid-State Transformer Market - A Global and Regional Analysis: Focus on Product, Application, and Country-Wise Analysis - Analysis and Forecast, 2025-2031" report has been added to ResearchAndMarkets.com's offering.

The global solid-state transformer market is expected to value $207.3 million in 2025 and is projected to reach $467.0 million in 2031, following a CAGR of 14.34% during the forecast period 2026-2031. The growth in the global solid-state transformer market is expected to be driven by an increase in investment toward the building and construction of power transmission and distribution networks, renewable power generation, and EV charging station infrastructure across the globe.

Market Lifecycle Stage

The solid-state transformer market is in the research and development phase. Solid-state transformers are expected to be the replacement for conventional transformers in the coming years.

Impact

Solid-state transformers are the primary building blocks of the smart grid infrastructure. Such a transformer can transfer power bidirectionally and scale down and scale up voltages as per the application. The companies that manufacture conventional transformers are taking an interest in the R&D of solid-state transformers to fulfill the future demand from smart grid infrastructure.
Solid-state transformers, with the inclusion of communication capability among components used in the power system infrastructure, can be referred to as the smart transformer in the coming years. It will help power utilities in the measurement of demand and supply of electricity use. A solid-state transformer has various advantages over conventional transformers, including power factor correction, fault isolation, harmonic reduction, voltage sag and swell compensation, bidirectional power transfer, and others.

Market Segmentation

Segmentation 1: by Application

Smart Grid
Renewable Power Integration
Traction Locomotive
EV Charging Station
Others

Segmentation 2: by Product Type

Power Transformer
Distribution Transformer
Traction Transformer

Segmentation 3: by Region

North America - U.S., Canada, and Mexico
Europe - Germany, France, Italy, Spain, and Rest-of-Europe
China
U.K.
Asia-Pacific - India, Japan, Australia, South Korea, and Rest-of-Asia-Pacific
Middle East and Africa - Saudi Arabia, South Africa, and Rest-of-Middle East & Africa
South America - Brazil, Rest-of-South America

Demand - Drivers and Limitations

The following are the demand drivers for the solid-state transformer market:

Increase in Renewable Power Generation
Rise in Number of Electric Vehicle Charging Stations
Electrification of Rail Locomotives across the Globe
High Voltage DC (HVDC) Integration

The market is expected to face the following challenges:

High Initial Cost of Solid-State Transformer
Technical Challenges
Lack of Basic Power Infrastructure in Underdeveloped Countries

Key Market Players

Siemens Energy
Alstom SA
Eaton Corporation
Hitachi Energy Ltd.
Schneider Electric
Electric Research and Manufacturing Cooperative (ERMCO), Inc.
Murata Manufacturing Co., Ltd.
Standex International Corporation
Wilson Transformers
General Electric
American Superconductor
CG Power & Industrial Solutions Ltd.
IONATE Limited
Raychem RPG Private Limited
Shree Abirami Engineering Works
Southwest Electric Co.
Unimag Power Transformer
Bicron Electronics Company
PowerUC
SVM Private Limited

Key Topics Covered:

1 Markets

2 Application

3 Product type

4 Region

5 Markets - Competitive Benchmarking & Company Profiles

6 Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/e800f7

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

: Business Wire; Posted On Nov 21, 2022

Smart Ports Global Market Report 2022: Rising Dependency on Real-Time Data to Improve Port Efficiency Fueling Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Smart Ports Market Research Report by Technology, Port Type, Design, Throughput Capacity, Solution, Fuel Type, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Ports Market is projected to grow with a significant CAGR in the forecast period. Economic development and substantial infrastructure development have constituted regional revenue generation. Further, the patterns associated with domestic production, import and export, and consumption have helped market participants to analyze and capitalize on potential opportunities. Besides, the qualitative and quantitative parameters provided in the report with detailed analysis highlights the driving and restraining factors of the Global Smart Ports Market.

Market Dynamics

Drivers

Increasing Adoption in Shipping Industry Worldwide
Rising Dependency on Real-Time Data to Improve Port Efficiency
Rapid Adoption of Industry 4.0 to Improve Port Functionality

Restraints

Concern Associated With Data Breach and Security
High Initial Investment for Deployment of Smart Port Facilities

Opportunities

Integration of Emerging Technologies Such as IoT, AI, Blockchain and Big Data
Government Initiatives and Encouragements for the Deployment of Smart Ports
Ongoing Trend of Up-Gradation and Expansion of Current Port Infrastructure

Challenges

Technical Complications in Integration and Development of Various Systems

Market Segmentation & Coverage:

This research report categorizes the Smart Ports to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Technology, the market was studied across Artificial Intelligence, Blockchain, Internet of Things, and Process Automation.
Based on Port Type, the market was studied across Inland Port and Seaport.
Based on Design, the market was studied across Bar & Plate and Tube & Fin.
Based on Throughput Capacity, the market was studied across Extensively Busy, Moderately Busy, and Scarcely Busy.
Based on Solution, the market was studied across Gate Automation Solutions, Others, Port Community System (PCS), Smart Cargo-handling System, and Traffic-monitoring System.
Based on Fuel Type, the market was studied across Diesel and Gasoline.
Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Smart Ports Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Key Topics Covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Insights

6. Smart Ports Market, by Technology

7. Smart Ports Market, by Port Type

8. Smart Ports Market, by Design

9. Smart Ports Market, by Throughput Capacity

10. Smart Ports Market, by Solution

11. Smart Ports Market, by Fuel Type

12. Americas Smart Ports Market

13. Asia-Pacific Smart Ports Market

14. Europe, Middle East & Africa Smart Ports Market

15. Competitive Landscape

16. Company Usability Profiles

17. Appendix

Companies Mentioned

ABB Ltd.
Abu Dhabi Ports
Accenture plc
APM Terminals
Cargotec Solutions LLC
Evergreen Marine Corporation
General Electric Company
Hutchison Port Holdings Limited
International Business Machines Corporation
ioCurrents, Inc.
Maersk Line
Nautix Technologies
Navis LLC
PORT OF ROTTERDAM
Port Solutions Ltd
Ramboll Group A/S
Royal HaskoningDHV
Siemens AG
Trelleborg AB
Wipro Limited

For more information about this report visit https://www.researchandmarkets.com/r/4b6555

Contacts

: Business Wire; Posted On Nov 21, 2022

Ameresco Announces the Acquisition of Wind Farm in West County Cork, Ireland

The three-turbine 5MW wind farm designed to deliver clean, carbon-free energy to the surrounding County Cork community

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has acquired a wind farm in West County Cork, Ireland. This three-turbine site is designed to deliver a total combined capacity of 5MW of clean energy.

The project, acquired by Ameresco, will generate carbon-free energy, which will be distributed directly into the local utility network supported by a power purchase agreement. The electricity generated at the site is designed to supply approximately 3,000 homes in Ireland. The acquisition of this wind farm continues Ameresco’s growing wind power portfolio, further expanding its generation assets outside of the United States and Canada.

“Having seen first-hand the production capability of wind farms in County Cork, I am very pleased to see Ameresco complete this acquisition and further add to our diversified renewable energy asset portfolio,” said Ameresco EVP and Chief Financial Officer Doran Hole. “We’re proud to be part of the energy transition in Ireland and look forward to providing clean energy to the region in the years to come.”

“It is very gratifying to announce the acquisition of our latest site in Ireland,” said Derek Dixon, Vice President Ameresco UK. “I am grateful to our internal team and strategic external partners for coming together to successfully complete this clean energy acquisition.”

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent clean technology integrator of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

The announcement of for the acquisition of an energy asset is not necessarily indicative of the timing or amount of revenue from the energy asset, of the company’s overall revenue for any particular period or of trends in the company’s overall total assets in development or operation. This project was not included in our previously reported assets in development as of June 30, 2022.

Contacts

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

: Business Wire; Posted On Nov 21, 2022

Innovative Design Cuts CO2 Emissions in Data Centers

SHARM EL-SHEIKH, Egypt--(BUSINESS WIRE)--Huawei’s ability to build more energy-efficient data centers could be an example to others as decarbonization of the construction sector picks up worldwide, according to a company spokesperson.

Andrew Williamson, Vice President of Government Affairs and Economic Advisor at Huawei, said “smart” digital infrastructure and buildings are becoming especially common in China’s Guangdong–Hong Kong–Macao Greater Bay Area (GBA).

“The modularization of data center facilities creates new possibilities for fast construction and with a lower carbon footprint,” said Williamson, who stressed that construction times can be reduced to six months from 18 months, thanks to steel prefabricated design.

“This solution uses much less concrete than conventional buildings, and carbon emissions in the construction phase could be offset by more than 90 percent,” he said.

Williamson made the remarks as he addressed a session organized by the Global Alliance for Buildings and Construction (GlobalABC) and German Energy Agency at the Buildings Pavilion during the ongoing 27^th Conference of the Parties, or COP27, in Sharm El-Sheikh, Egypt. The session also included speakers from the German Federal Ministry for Economic Affairs and Climate Action (BMWK), the Chinese Academy of Building Research, the World Resources Institute, ICLEI East Asia, Shenzhen Institute of Building Research and JA Solar.

“The process itself is really important to get collaboration in motion in the decarbonization of the buildings sector. Essentially it is about bringing the different actors together, getting them to talk to each other and agree on a shared vision and some targets, and to agree on the actions that need to be implemented to transform the sector,” said Jonathan Duwyn, Head of Buildings and Construction Portfolio at the United Nations Environment Programme.

In terms of building green and eco-friendly campuses, Huawei has adopted rooftop photovoltaics (PVs) for many of its own facilities, including the Huawei Dongguan Southern Factory. It has also consistently increased the use of electricity from renewable energy sources, which rose by 42.3 percent to 300 million kWh in 2021.

In its headquarters in Shenzhen and Dongguan of China’s GBA area, Huawei’s campuses are both fully powered by clean energy. Elsewhere in the country, the Chengdu Research Center was the first of its kind for the company to achieve net-zero carbon operations.

The company has also contributed in the concerted global effort to power COP27 with clean solar energy. Together with its partner Infinity Power, Huawei supplied all string inverters to the 6MW solar project that has lit up the COP27 conference center.

The solar plant is expected to generate up to 11,723 MWh of energy a year. That can power 5,000 homes and reduce 4,000-plus tons of CO2 emissions annually.

“The project will also provide green electricity to Sharm el-Sheikh for years to come,” said Williamson.

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have 195,000 employees and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will work towards ubiquitous connectivity and inclusive network access, laying the foundation for an intelligent world; provide diversified computing power where you need it, when you need it, to bring cloud and intelligence to all four corners of the earth; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; and redefine user experience with AI, making it smarter and more personalized for people in all aspects of their life, whether they're at home, on the go, in the office, having fun, or working out. For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei
http://www.twitter.com/Huawei
http://www.facebook.com/Huawei
http://www.youtube.com/Huawei

Contacts

Huawei, Francis Yang, +86 13871384929, This email address is being protected from spambots. You need JavaScript enabled to view it.

: Business Wire; Posted On Nov 21, 2022

SLB Announces Debt Tender Offer

SLB subsidiary commences offer to purchase up to $500,000,000 aggregate purchase price amount of outstanding 3.750% Senior Notes due 2024, 4.000% Senior Notes due 2025, 3.900% Senior Notes due 2028, and 4.300% Senior Notes due 2029

NEW YORK--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced that Schlumberger Holdings Corporation, an indirect wholly-owned subsidiary of SLB (“SHC”), has commenced an offer to purchase for cash up to an aggregate purchase price amount, including premium but excluding any Accrued Interest (as defined below), of $500,000,000 (such amount, as it may be amended, the “Maximum Purchase Price”) of the notes listed in the table below (the “Notes”). The offer to purchase the Notes is referred to herein as the “Offer.” The Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated November 21, 2022 (as may be amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

Title of Security	CUSIP Numbers	Acceptance Priority Level(1)	Principal Amount Outstanding	Early Tender Premium(2)	Reference Security	Bloomberg Reference Page	Fixed Spread (basis points)(3)
3.750% Senior Notes due 2024	806851AJ0 (144A) / U8066LAG9 (Reg S)	1	$750,000,000	$30	2.500% U.S. Treasury Notes due 04/30/2024	FIT 4	+20
4.000% Senior Notes due 2025	806851AG6 (144A) / U8066LAE4 (Reg S)	2	$932,597,000	$30	4.500% U.S. Treasury Notes due 11/15/2025	FIT 1	+55
3.900% Senior Notes due 2028	806851AK7 (144A) / U8066LAH7 (Reg S)	3	$1,500,000,000	$30	4.125% U.S. Treasury Notes due 10/31/2027	FIT 1	+110
4.300% Senior Notes due 2029	806851AH4 (144A) / U8066LAF1 (Reg S)	4	$850,000,000	$30	4.125% U.S. Treasury Notes due 11/15/2032	FIT 1	+150

________________
(1)	SHC will accept Notes in accordance with their Acceptance Priority Level specified in the table above (each, an “Acceptance Priority Level,” with 1 being the highest Acceptance Priority Level and 4 being the lowest Acceptance Priority Level), subject to the terms and conditions described elsewhere in the Offer to Purchase, including the Maximum Purchase Price and proration.
(2)	For each $1,000 principal amount of Notes tendered and not validly withdrawn at or prior to the Early Tender Time (as defined below) and accepted for purchase.
(3)	The applicable Fixed Spread will be used to calculate the applicable Total Consideration (as defined below) payable for each series of Notes, which already includes the Early Tender Premium.

All documentation relating to the Offer, including the Offer to Purchase, together with any updates, are available from the Tender and Information Agent (as defined below) and will also be available at the following website: http://www.dfking.com/slb.

Details of the Offer

The Offer will expire at 11:59 p.m., New York City time, on December 19, 2022 (unless the Offer is extended or terminated) (such date and time, as the same may be extended, the “Expiration Time”). To be eligible to receive the applicable Total Consideration, which includes the Early Tender Premium (as defined below), Holders must validly tender and not validly withdraw their Notes at or prior to 5:00 p.m., New York City time, on December 5, 2022 (unless the Offer is extended or terminated) (such date and time, as the same may be extended, the “Early Tender Time”). Holders who validly tender their Notes after the Early Tender Time and at or prior to the Expiration Time will be eligible to receive only the applicable Tender Offer Consideration, which is an amount equal to the applicable Total Consideration less the applicable Early Tender Premium.

The settlement date for the Notes validly tendered at or prior to the Early Tender Time and accepted for purchase will occur promptly following the Early Tender Time and is expected to be December 8, 2022 (the “Early Settlement Date”). The settlement date for the Notes validly tendered after the Early Tender Time and accepted for purchase will occur promptly following the Expiration Time and is expected to be December 21, 2022 (the “Final Settlement Date”). Holders who tender their Notes prior to the Early Tender Time may withdraw such Notes at any time prior to 5:00 p.m., New York City time, on December 5, 2022.

To be eligible to receive the applicable Tender Offer Consideration, Holders must validly tender and not validly withdraw their Notes at or prior to the Expiration Time. Holders who tender their Notes after the Early Tender Time and prior to the Expiration Time may not withdraw such Notes. The Offer is not conditioned on any minimum amount of Notes being tendered.

All of the Notes are held in book-entry form through the facilities of DTC. If you desire to tender Notes held through DTC, you must transfer such Notes to the Tender and Information Agent through DTC’s Automated Tender Offer Program, for which the transaction will be eligible, in accordance with the procedures set forth in the Offer to Purchase. There is no letter of transmittal for the Offer to Purchase. Any Holder who holds Notes through Clearstream Banking, société anonyme or Euroclear Bank SA/NV must comply with the applicable procedures of such clearing system. If a Holder holds Notes through a broker, dealer, commercial bank, trust company or other nominee or custodian, the Holder must contact them if they wish to tender their Notes.

The “Total Consideration” payable for each series of Notes will be a price per $1,000 principal amount of such series of Notes equal to an amount, calculated in accordance with the Offer to Purchase, that would reflect, as of the Early Settlement Date, a yield to the applicable par call date or maturity date (in accordance with market practice) of such series of Notes equal to the sum of (i) the Reference Yield for such series, determined at 10:00 a.m., New York City time, on the business day following the Early Tender Time, plus (ii) the fixed spread applicable to such series, as set forth in the table above, in each case minus accrued interest from, and including, the immediately preceding interest payment date up to, but excluding, the Early Settlement Date. The “Reference Yield” means the yield based on the bid-side price of the reference security listed in the table above for such series. The “Repurchase Yield” is equal to the Reference Yield plus the Fixed Spread. The applicable Total Consideration includes the applicable early tender premium set forth in the table above (the “Early Tender Premium”).

The “Tender Offer Consideration” payable for each series of Notes will be a price per $1,000 principal amount of such series of Notes equal to the applicable Total Consideration for that series of Notes minus the applicable Early Tender Premium.

In addition to the Total Consideration or the Tender Offer Consideration (as applicable), Holders whose Notes are accepted for purchase in the Offer will also be paid a cash amount equal to the accrued and unpaid interest on the Notes, from, and including, the immediately preceding interest payment date (a) up to, but excluding, the Early Settlement Date, payable on the Early Settlement Date or (b) up to, but excluding, the Final Settlement Date, payable on the Final Settlement Date, as applicable, rounded to the nearest cent per $1,000 principal amount of Notes (such cash amount, the “Accrued Interest”).

Notes accepted for purchase will be accepted in accordance with their Acceptance Priority Levels (with 1 being the highest Acceptance Priority Level and 4 being the lowest Acceptance Priority Level), subject to the limitation that Notes will only be purchased in an aggregate purchase price amount, including premium but excluding any Accrued Interest, not exceeding the Maximum Purchase Price.

Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time having a higher Acceptance Priority Level will be accepted before any tendered Notes having a lower Acceptance Priority Level are accepted, and all Notes validly tendered after the Early Tender Time having a higher Acceptance Priority Level will be accepted before any Notes tendered after the Early Tender Time having a lower Acceptance Priority Level are accepted, in each case subject to the Maximum Purchase Price. Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time will be accepted for purchase in priority to other Notes tendered after the Early Tender Time, even if such Notes tendered after the Early Tender Time have a higher Acceptance Priority Level than Notes tendered at or prior to the Early Tender Time. If the Offer is oversubscribed at the Early Tender Time, then SHC will announce promptly after the Early Tender Time that Notes tendered after the Early Tender Time will not be purchased pursuant to the Offer.

Subject to any increase or decrease to the Maximum Purchase Price, if on the Early Settlement Date or the Final Settlement Date there are sufficient remaining funds to purchase some, but not all, of the remaining tendered Notes in any Acceptance Priority Level without exceeding the Maximum Purchase Price, SHC will accept for payment such tendered Notes on a prorated basis, with the proration factor for such Acceptance Priority Level depending on the aggregate principal amount of Notes of such Acceptance Priority Level validly tendered and not validly withdrawn. Each tender of Notes that is prorated will be rounded down to the nearest $1,000 principal amount of Notes. Depending on the proration factor applied, if the principal amount of Notes returned to a Holder as a result of proration would result in less than the minimum denomination of $2,000 principal amount of Notes being returned to such Holder, SHC will accept or reject all of such Holder’s validly tendered Notes.

Furthermore, if Notes are validly tendered and not validly withdrawn prior to or at the Early Tender Time such that the aggregate purchase price amount, including premium but excluding any Accrued Interest, of such Notes, if purchased, would exceed the Maximum Purchase Price, Holders who validly tender Notes after the Early Tender Time will not have any of their Notes accepted for purchase regardless of the Acceptance Priority Level of such Notes unless SHC increases the Maximum Purchase Price. SHC reserves the right, in its sole discretion, to increase the Maximum Purchase Price, but there can be no assurance that it will do so.

Subject to applicable law and limitations described in the Offer to Purchase, SHC expressly reserves the right, in its sole discretion, to amend, extend or, upon failure of any condition described in the Offer to Purchase to be satisfied or waived, to terminate the Offer at any time at or prior to the Expiration Time.

SHC has retained Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC to act as the Dealer Managers in connection with the Offer (collectively, the “Dealer Managers”). Questions regarding terms and conditions of the Offer should be directed to Deutsche Bank Securities Inc. by calling toll free at (866) 627-0391 or collect at (212) 250-2955, or to J.P. Morgan Securities LLC by calling toll free at (866) 834-4666 or collect at (212) 834-3424.

D.F. King & Co., Inc. has been appointed as tender and information agent (the “Tender and Information Agent”) in connection with the Offer. Questions or requests for assistance in connection with the Offer or for additional copies of the Offer to Purchase, may be directed to D.F. King & Co., Inc. by calling toll free (800) 290-6424 or collect at (212) 269-5550 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it.. You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer. The Offer to Purchase can be accessed at the following website: http://www.dfking.com/slb.

Neither this press release nor the Offer to Purchase, or the electronic transmission thereof, constitutes an offer to sell or buy Notes, as applicable, in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities laws or otherwise. The distribution of this press release in certain jurisdictions may be restricted by law. In those jurisdictions where the securities, blue sky or other laws require the Offer to be made by a licensed broker or dealer and the Dealer Managers or any of their respective affiliates is such a licensed broker or dealer in any such jurisdiction, the Offer shall be deemed to be made by the Dealer Managers or such affiliate (as the case may be) on behalf of SHC in such jurisdiction.

About SLB

SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “plan,” “potential,” “expectations,” “estimate,” “intend,” “anticipate,” “target,” “think,” “should,” “could,” “would,” “will,” “see,” “likely,” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements regarding the terms and timing for completion of the Offer, including the acceptance for purchase of any Notes validly tendered and the expected Expiration Time and Settlement Date thereof, and the consideration of the Tender Offer. SLB and SHC cannot give any assurance that such statements will prove correct. These statements are subject to, among other things, the risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should SLB’s underlying assumptions prove incorrect, actual results or outcomes may vary materially from those reflected in the forward-looking statements. The forward-looking statements speak only as of November 21, 2022, and SLB and SHC disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

Contacts

Media
Moira Duff – Director of External Communication, SLB
Tel: +1 (713) 375-3407
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, SLB
Joy V. Domingo – Director of Investor Relations, SLB
Tel:+1 (713) 375-3535
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

: Business Wire; Posted On Nov 21, 2022

Babcock & Wilcox Announces Agreement to Study Development of Biomass-to-Hydrogen Project in South Korea Using BrightLoop™ Technology

AKRON, Ohio--(BUSINESS WIRE)--$BW #biomass--Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has signed an agreement with NRG Korea to study the applicability of B&W’s BrightLoop™ technology for a hydrogen generation facility using biomass fuel in South Korea.

B&W’s BrightLoop chemical looping technology is part of its ClimateBright™ suite of decarbonization and hydrogen technologies. The BrightLoop process uses a proprietary, regenerable particle and has been demonstrated to effectively separate carbon dioxide (CO₂) while producing hydrogen, steam and/or syngas, and is ready for commercial scale-up.

B&W and NRG have signed a memorandum of understanding to study the technology and potentially develop the project, which would use waste biomass as feedstock to produce hydrogen for fuel cells used for electrical generation.

“As the energy transition accelerates, clean hydrogen from net-carbon neutral sources will play an increasingly important role in energy generation,” said Joe Buckler, B&W Senior Vice President, Clean Energy. “B&W’s BrightLoop technology is a cutting-edge solution for hydrogen generation from virtually any fuel stock, and, depending on a customer’s needs, also can be used to isolate CO₂ for capture or use, and produce steam or syngas. BrightLoop is a flexible solution with a wide array of potential applications.”

“We’re excited to have the opportunity to work closely with NRG to develop this groundbreaking clean energy project,” Buckler said.

Jay Kim, Chief Executive Officer of NRG Korea said, “NRG Korea is excited to be cooperating with Babcock & Wilcox, a world-renowned technology leader, in the development of this unique and innovative energy project. We see this project as a significant development in the renewable energy space by generating clean electrical power using green hydrogen produced from a renewable waste-based fuel.”

NRG Korea, established in 2008, is a Korean company specializing in waste processing and manufacture of alternative fuels and holds a number of patents related to their unique processing technologies.

B&W’s ClimateBright suite of revolutionary decarbonization technologies are designed to help utilities and industry aggressively combat greenhouse gas emissions and climate change. These technologies have application for a wide range of industries including energy production, food manufacturing, steel, cement, oil and gas, pharmaceutical, petrochemical, carbon black, and pulp and paper.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the signing of a memorandum of understanding with NRG Korea to study the applicability of B&W’s BrightLoop technology for a biomass to hydrogen facility in South Korea. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

Contacts

Investor Contact:
Investor Relations
Babcock & Wilcox
704.625.4944
This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345
This email address is being protected from spambots. You need JavaScript enabled to view it.

: Business Wire; Posted On Nov 21, 2022

SLB Announces Debt Tender Offer

NEW YORK--(BUSINESS WIRE)--Regulatory News:

SLB (NYSE: SLB) today announced that Schlumberger Holdings Corporation, an indirect wholly-owned subsidiary of SLB (“SHC”), has commenced an offer to purchase for cash up to an aggregate purchase price amount, including premium but excluding any Accrued Interest (as defined below), of $500,000,000 (such amount, as it may be amended, the “Maximum Purchase Price”) of the notes listed in the table below (the “Notes”). The offer to purchase the Notes is referred to herein as the “Offer.” The Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated November 21, 2022 (as may be amended or supplemented from time to time, the “Offer to Purchase”). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.

Title of Security	CUSIP Numbers	Acceptance Priority Level(1)	Principal Amount Outstanding	Early Tender Premium(2)	Reference Security	Bloomberg Reference Page	Fixed Spread (basis points)(3)
3.750% Senior Notes due 2024	806851AJ0 (144A) / U8066LAG9 (Reg S)	1	$750,000,000	$30	2.500% U.S. Treasury Notes due 04/30/2024	FIT 4	+20
4.000% Senior Notes due 2025	806851AG6 (144A) / U8066LAE4 (Reg S)	2	$932,597,000	$30	4.500% U.S. Treasury Notes due 11/15/2025	FIT 1	+55
3.900% Senior Notes due 2028	806851AK7 (144A) / U8066LAH7 (Reg S)	3	$1,500,000,000	$30	4.125% U.S. Treasury Notes due 10/31/2027	FIT 1	+110
4.300% Senior Notes due 2029	806851AH4 (144A) / U8066LAF1 (Reg S)	4	$850,000,000	$30	4.125% U.S. Treasury Notes due 11/15/2032	FIT 1	+150

________________
(1)	SHC will accept Notes in accordance with their Acceptance Priority Level specified in the table above (each, an “Acceptance Priority Level,” with 1 being the highest Acceptance Priority Level and 4 being the lowest Acceptance Priority Level), subject to the terms and conditions described elsewhere in the Offer to Purchase, including the Maximum Purchase Price and proration.
(2)	For each $1,000 principal amount of Notes tendered and not validly withdrawn at or prior to the Early Tender Time (as defined below) and accepted for purchase.
(3)	The applicable Fixed Spread will be used to calculate the applicable Total Consideration (as defined below) payable for each series of Notes, which already includes the Early Tender Premium.

Details of the Offer

About SLB

Cautionary Statement Regarding Forward-Looking Statements

Contacts

Media
Moira Duff – Director of External Communication, SLB
Tel: +1 (713) 375-3407
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

: Business Wire; Posted On Nov 21, 2022

Campbell Enters Into Renewable Energy Agreement With Enel North America to Advance Greenhouse Gas Reduction Targets

CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) and Enel North America today announced a 12-year virtual renewable power purchase agreement, supporting Campbell’s goals to reduce greenhouse gas emissions. Through the agreement Campbell will purchase the electricity and the associated renewable energy credits from a 115 megawatt share of Enel’s Seven Cowboy wind project in Oklahoma. The contract is expected to commence in July 2023.

“Improving the sustainability of the agriculture and food value chain is important to Campbell,” said Stewart Lindsay, Campbell’s Vice President, Corporate Responsibility and Sustainability. “Reducing emissions is a key part of this work, and the agreement with Enel North America provides a significant step forward in meeting our science-based emissions targets.”

The renewable energy credits retained through the agreement will reduce Campbell’s Scope 2 GHG emissions, enabling the company to make substantial progress toward achieving its science-based target to reduce its combined Scope 1 and 2 GHG emissions 42% by fiscal year 2030. Using expected production from Campbell’s portion of the wind project, the renewable electricity is estimated to avoid approximately 191,000 metric tons of CO2 emissions every year, or the equivalent of approximately 29% of Campbell’s fiscal year 2021 combined Scope 1 and 2 emissions.

“We are proud to support Campbell’s goal to create a more sustainable food system,” said Paolo Romanacci, head of Enel North America’s renewable energy business, Enel Green Power. “This agreement demonstrates how food and beverage companies like Campbell can leverage clean energy solutions to achieve their emissions reduction goals, while also supporting the addition of new renewable energy to the electric grid.”

Located southwest of Oklahoma City, the Seven Cowboy wind project will have 107 turbines that are expected to generate over 1.3 terawatt hours of energy each year, equivalent to the electricity needs of over 120,000 U.S. households.

To learn more about Campbell’s environmental, social, and governance strategy, goals, progress, and recognitions, visit campbellsoupcompany.com/our-impact.

About Campbell Soup Company
For more than 150 years, Campbell (NYSE: CPB) has been connecting people through food they love. Generations of consumers have trusted Campbell to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, Campbell generated fiscal 2022 net sales of nearly $8.6 billion. Our portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Snyder’s of Hanover, Swanson and V8. Campbell has a heritage of giving back and acting as a good steward of the environment. The company is a member of the Standard & Poor's 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo.

About Enel North America
Enel North America, part of the Enel Group, is a clean energy leader in North America and is working to electrify the economy and build a net-zero carbon future by decarbonizing energy supply, electrifying transportation, creating resilient grids, and promoting a just, equitable transition. Enel North America serves over 4,500 businesses, utilities, and cities through renewable power generation, demand response, distributed energy resources, smart e-mobility solutions and services, energy trading, advisory and consulting services, and more. Its portfolio includes over 8 GW of utility-scale renewable capacity, 606 MW / 882 MWh of utility-scale energy storage and 63 MW / 145 MWh of distributed energy storage capacity, 4.7 GW of demand response capacity, and 110,000 electric vehicle charging stations. Visit enelnorthamerica.com and follow us on LinkedIn, Twitter, and YouTube to learn more.

Contacts

Investor Contact:
Rebecca Gardy
(856) 342-6081
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Media Contact:
James Regan
(856) 219-6409
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Enel Media Contact:
Matt Epting
(405) 358-3446
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: Business Wire; Posted On Nov 21, 2022

Redaptive, Rabobank and Energetic Insurance reveal $50M partner-driven effort to support energy efficiency projects

Energetic Insurance and Rabobank work to expand Redaptive's diverse customer base with credit insurance to support $50 mln credit facility

NEW YORK--(BUSINESS WIRE)--Redaptive, a San Francisco-based Energy-as-a-Service provider of energy-saving and energy-generating equipment, has announced the start of a three-company partnership designed to enhance its capability to promote a 1,000+-site portfolio of energy efficiency projects and support future pipeline development.

The innovative credit insurance structure, a first in the market, enables Redaptive to secure competitive financing from Rabobank, the leading global food and agribusiness bank and leader in energy transition and renewable energy structuring. The transaction benefits from EneRate Credit Cover® available exclusively through Energetic Insurance, which issues credit insurance policies as a Managing General Underwriter (MGU) on behalf of an AA-/Aa3 rated global insurer.

The $50 mln Rabobank credit facility finances Redaptive’s continuing effort to align its energy efficiency upgrades with growing demand from commercial and industrial (C&I) customers to reduce energy consumption. Energetic’s credit insurance product will enable the facility to include a more diverse portfolio of credit counterparties and provide enhanced optionality for term financing. Growing corporate demand for energy efficiency prompted Rabobank and Redaptive to seek credit enhancement from Energetic to allow the build-out of Redaptive’s customer base to be included under the financing.

“We are seeing an increased demand for solutions around energy efficiency. As more corporations implement ESG goals and make them a focus of both long- and short-term growth strategies, it is essential that those solutions are made available,” said Matt Gembrin, CFO of Redaptive. “By working with an innovative lender in Rabobank, and benefiting from Energetic’s unique credit insurance platform, we are able to expand the potential pool of end customers to include a more full representation of the credit sector.”

Credit profiles are a key barrier to financing C&I energy efficiency projects and the coverage offered by Energetic allows an overall lower cost of capital for Redaptive, at the same time increasing portfolio diversification. The credit insurance allows an increased percentage of non-investment grade counterparties to be included in the portfolio.

“One of the biggest barriers to achieving scale in the energy efficiency sector is the structuring challenge posed by unrated and sub-investment credit risks. Energetic Insurance helped us manage diverse credit risks and has allowed us to increase the size of the Redaptive funding at competitive terms and offer refinancing optionality,” said Claus Hertel, Managing Director, Project Finance Americas at Rabobank.

“We are thrilled to partner with Redaptive and Rabobank to demonstrate the benefits of the EneRate Credit Cover policy, now in the energy efficiency sector. No individual or company should be locked out of the market or left unable to move forward on climate solutions due to a lack of financing,” said James Bowen, CEO of Energetic Insurance. “The momentum most recently created from the Inflation Reduction Act (IRA) will increase project demand from corporates and non-profits and many will require credit enhancement to obtain financing.”

NOTE: This Press Release does not constitute and is not intended by Energetic Insurance or any of the entities mentioned in this release to constitute a solicitation for any insurance business.

About Redaptive (www.redaptive.com)

Redaptive is an Energy-as-a-Service provider that funds and installs energy-saving and energy-generating equipment. Redaptive’s programs help many of the world’s most sophisticated organizations reduce energy waste, save money, lower their carbon emissions and meet their sustainability goals across their entire real estate portfolios. With Redaptive, customers can overcome capital and contractual barriers to achieve energy-saving benefits quickly, all with real-time data powered by International Electron, Redaptive’s in-house Data-as-a-Service metering platform. Redaptive was founded in 2013 and is headquartered in San Francisco, CA. For more, visit https://redaptiveinc.com/.

About Rabobank (www.rabobank.com)

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 38 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with over $765 billion in assets. In the Americas, Rabobank is a premier bank to the food and agriculture industry, as well as a leading project financier of solar, wind, bioenergy, and energy infrastructure projects, providing in-depth knowledge and expertise as well as full arranging, underwriting and syndication capabilities. Rabobank has financed more than 6GW of renewable energy projects to date and is dedicated to supporting the financing of the energy transition and new clean technologies. Additional information is available on our website or on our social media platforms, including Twitter and LinkedIn.

About Energetic Insurance (www.energeticinsurance.com)

Energetic Insurance is a Managing General Underwriter that has developed new risk management products to unlock exponential growth in the renewable energy industry. EneRate Credit Cover® policies unlock renewable and energy efficiency project financing for unrated and below investment grade counter parties by covering counterparty credit risk. EneRate Credit Cover® was selected by Insurance Insider Magazine as the “New Underwriting Product of the Year” for 2020. Headquartered in Boston, Energetic Insurance was awarded a SunShot Prize from the US Department of Energy in 2017 and has received a total of $12.5 million in venture capital financing to date. EneRate Credit Cover® and other insurance policies are issued by RE3 Energetic Insurance Solutions, LLC, or SiKey Insurance Services, LLC in New York, wholly-owned subsidiaries of Energetic Insurance, Inc. Energetic Insurance complies with all state-mandated regulations for surplus line insurance brokers and is licensed as a surplus lines broker in Massachusetts with License #: 2053916.

Contacts

Energetic Insurance:
Kathryn Meng-Elmes - (516) 606-8330
This email address is being protected from spambots. You need JavaScript enabled to view it.

Redaptive:
Liane Dietrich - 347 978 4452
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Rabobank:
Catharine Rossano – 917-747-9302
This email address is being protected from spambots. You need JavaScript enabled to view it.

: Business Wire; Posted On Nov 21, 2022

Capstone Green Energy to Participate in Two Renmark Financial Virtual Non-Deal Roadshow Series in November

Virtual Presentations To Be Held November 21 & 22

LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, will be participating in two separate Renmark Financial Communications Inc.'s live Virtual Non-Deal Roadshow Series to discuss its latest investor presentation on Monday, November 21 at 1:00 p.m. PT and Tuesday, November 22 at 2:00 p.m. ET.

The Monday, November 21 presentation is marketed to Seattle and surrounding areas and will feature Darren Jamison, President and Chief Executive Officer and Scott Robinson, Chief Financial Officer. The Tuesday, November 22 presentation is marketed to Halifax, Nova Scotia and surrounding areas and will feature special guest presenter, Jim Crouse, President of Capstone Engineered Solutions along with Scott Robinson.

Capstone welcomes all stakeholders, investors, and other interested individuals to register and attend this live event.

The investor presentation will be followed by a live Q&A. Investors interested in participating in this event will need to register using the links below. As a reminder, registration for the live event may be limited and access to the replay after the event will be on the Investor Relations section of the Company's website.

Monday, November 21 at 1:00 p.m. PT
Register Here: https://bit.ly/CGRNvndrNov21

Tuesday, November 22 at 2:00 p.m. ET
Register Here: https://bit.ly/CGRNvndrNov22

To ensure smooth connectivity, please access this link using the latest version of Google Chrome.

About Capstone Green Energy

Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.

To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

About Renmark Financial Communications Inc.

Founded in 1999, Renmark Financial Communications Inc. is North America's leading retail investor relations firm. Employing a strategic and comprehensive mix of exposure tactics; Renmark hosts Virtual Non-Deal Roadshows as well as in-person corporate presentations and maintains daily communications with thousands of brokers and money managers across Canada and the United States. Renmark empowers its publicly traded clientele to maximize their visibility within the financial community and strengthen their investor audience.

Contacts

Renmark Financial Communications Inc.
Scott Logan: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
This email address is being protected from spambots. You need JavaScript enabled to view it.

: Business Wire; Posted On Nov 21, 2022

Convergent Energy and Power Selected as 2022 Platts Global Energy Awards Finalist

Presented by S&P Global Commodity Insights, the awards recognized Convergent’s Solar-Plus-Storage System providing a Non-Wires Alternative for National Grid in the “Infrastructure Project of the Year” category

NEW YORK--(BUSINESS WIRE)--Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, today announced that it has been named a finalist for the 24^th Annual Platts Global Energy Awards in the “Infrastructure Project of the Year” category.

Often described by S&P Global Commodity Insights as "the Oscars of the energy industry," the Platts Global Energy Awards recognize corporate and individual innovation, leadership, and exemplary performance in 19 categories spanning the entire energy and chemicals complex. This year’s awards finalists represent 26 countries from Europe, Asia, and the Americas.

Convergent was named a finalist in the “Infrastructure Project of the Year” category for its solution with National Grid, which is one of the first solar-plus-storage systems providing a non-wires-alternative (NWA). The system, designed, constructed, and operated by Convergent, will deliver more cost-effective, reliable, and sustainable electricity to National Grid customers in Cicero, New York, while leveraging solar energy during nonpeak periods.

Because the system is DC coupled, meaning that two disparate systems are paired such that they share a single connection point to the grid, energy can be captured that would otherwise have been lost in an alternative solution, thereby increasing the utilization of emission-free energy. In addition to providing more sustainable, cost effective and reliable energy to National Grid and its customers, Convergent’s NWA defers the need to construct or upgrade components of pre-existing infrastructure, such as distribution or transmission systems.

“It is an honor to be recognized by S&P Global for our efforts, together with our partners at National Grid, to modernize energy infrastructure and bring sustainable and cost-effective power to communities in New York State,” said Johannes Rittershausen, Convergent’s Chief Executive Officer. “Energy storage is the linchpin of the clean energy transition, 'firming' renewable generation so it is available when it is needed most. Convergent is committed to accelerating the clean energy transition through AI-powered energy storage; we believe this system will serve as a model for the broader energy storage sector.”

“The NWA Pine Grove installation in Cicero, N.Y. aligns with our Clean Energy Vision and is a glimpse into the future of electricity delivery,” said Brian Gemmell, National Grid New York’s Chief Operating Office for Electric. “This solution increases the amount of renewable energy on the grid while deploying storage solutions to support our infrastructure at times of peak usage. Convergent Energy and Power’s innovation adds reliability and resiliency to our grid that directly benefits our customers. We are proud of our work with Convergent and honored to be recognized for it.”

"In a year of unexpected challenges, from Europe's energy crisis to trade-flow changes and banner market volatility, it's particularly inspiring to see the innovation and leadership of this year's finalists in steering a course toward a better energy future," said Sue Avinir, Senior Vice President of Conferences & Advisory Solutions, S&P Global Commodity Insights. "We're proud to honor this year's finalists and celebrate their efforts."

The winners of the Platts Global Energy Awards will be selected by an independent panel of judges. Winners will be announced on December 8^th at an awards ceremony and gala in New York City.

About Convergent Energy and Power
Convergent Energy and Power (Convergent) is a leading provider of energy storage solutions in North America. Convergent has over a decade of experience financing and managing all aspects of the energy storage development cycle to help customers reduce electricity costs and increase reliability. The company’s commercial, industrial, and utility-scale assets can yield seven-figure savings while advancing the clean energy transition. Convergent’s proprietary asset management platform, PEAK IQ® leverages machine learning and deep market knowledge to optimize asset performance and maximize value. Convergent has over $500M invested in or committed to projects in operation or under development across North America. For more information, visit convergentep.com or follow us on LinkedIn or Twitter.

Contacts

Convergent Press Contact
Kate Siskel
SVP, Marketing and Communications
Convergent Energy and Power
ksiskel [at] convergentep.com
917-508-0274

: Business Wire; Posted On Nov 21, 2022

Black Friday Solo Stove Deals (2022): Early Solo Stove Grills, Fire Pits, Camp Stoves, Pizza Ovens & More Savings Found by The Consumer Post

List of the top early Solo Stove fire pit deals for Black Friday 2022, featuring sales on Solo Stove pizza ovens, grills, camp stoves, accessories & more

BOSTON--(BUSINESS WIRE)--Here’s our guide to the top early Solo Stove deals for Black Friday, including deals on Solo Stove Bonfire, Yukon, Ranger & Mesa fire pits and more. Links to the top deals are listed below.

Best Solo Stove Fire Pit Deals:

Save up to 47% on Solo Stove Bonfire, Yukon, Ranger & Mesa fire pits (SoloStove.com)
Save up to $175 on the top-rated Solo Stove Bonfire fire pit (SoloStove.com)
Save up to 40% on the Solo Stove Ranger portable fire pit (SoloStove.com)
Save up to 33% on the Solo Stove Mesa tabletop fire pit (SoloStove.com)
Save up to 47% on the largest fire pit — the Solo Stove Yukon (SoloStove.com)
Save up to 27% on Solo Stove fire pit lids, handles, stands & more accessories (SoloStove.com)

More Solo Stove Deals:

Save up to $415 on Solo Stove Pi Pizza Oven, bundles, burners & accessories (SoloStove.com)
Save up to 33% on Solo Stove camp stoves (Lite, Campfire & Titan), gear kits & accessories (SoloStove.com)
Save up to 39% on Solo Stove grill bundles & accessories (SoloStove.com)

More Fire Pit Deals:

Save up to 51% on Solo Stove fire pits, grill tops, stands, bundles & accessories (SoloStove.com)
Save up to 61% on a wide range of fire pits (charcoal, gas, propane & more) (Walmart.com)
Shop Breeo X & Y Series and Luxeve smokeless fire pits (Breeo.co)
Save up to $50 on Pit Boss Smokeless & Cowboy fire pits (PitBoss-Grills.com)

For more live deals, click here to shop Walmart’s Black Friday Deals for Days sale and save on thousands of products. The Consumer Post earns commissions from purchases made using the links provided.

Black Friday shoppers can save extra money this holiday season with the free browser add-on from Capital One Shopping. It’s completely free and instantly applies available coupon codes to shopping carts at checkout. Their lightweight browser extension helps millions of shoppers save money. The Consumer Post is compensated by Capital One Shopping when the browser add-on is installed using the link provided.

About The Consumer Post: The Consumer Post shares news for online shoppers. As an affiliate The Consumer Post earns from qualifying purchases.

Contacts

Andy Mathews (This email address is being protected from spambots. You need JavaScript enabled to view it.)

: Business Wire; Posted On Nov 21, 2022

Sea Turtles, Dolphins, and River Otters – Oh My! Texas State Aquarium Brings Coastal Wildlife Rescue and Education Statewide with Support from Reliant

—Reliant’s $25,000 donation funds new program, inspiring wildlife conservation among youth in Texas—

CORPUS CHRISTI, Texas--(BUSINESS WIRE)--#Energy--Reliant and the Texas State Aquarium (TSA) are coming together to expand coastal wildlife rescue and education efforts across the Lone Star State. With a $25,000 donation from Reliant, TSA will provide an interactive learning platform to children in underserved communities in Dallas, Houston, the Rio Grande Valley, and more areas where residents are unable to visit the Aquarium and the new Port of Corpus Christi Center for Wildlife Rescue.

“As longtime supporters of the beloved Texas State Aquarium, we’re excited to provide resources for them to expand their educational program in a fun and unique way that reaches even more Texans,” said Elizabeth Killinger, president of Reliant. “Reliant has a deep commitment to the Lone Star State, and in partnering with the Aquarium, we hope to inspire the next generation to appreciate and protect our coastal wildlife.”

TSA recently converted a retired ambulance donated by the Corpus Christi Fire Department into its Wildlife Rescue vehicle. Its primary purpose is to respond to wildlife emergencies and transport injured, ill, or stranded marine animals. However, when not being used for this purpose, it will serve as the main attraction of the Aquarium’s new educational program, Wildlife Rescue on the Road. The program’s goal is to visit schools and nonprofits, such as the YMCA and Boys & Girls Clubs in underserved communities across Texas.

Last week, the Aquarium launched their brand-new educational program, Wildlife Rescue on the Road, with 6^th graders from the Flour Bluff Independent School District and will continue to expand its reach in upcoming months. Participants were able to tour the vehicle and study how it responds to wildlife emergencies, such as stranded marine mammals, cold-stunned sea turtle events, injured shorebirds and more. This first-hand learning experience highlights the Aquarium’s Wildlife Rescue mission, advocating for wildlife conservation and minimizing human impact on the coastal environment.

“We are grateful to Reliant for helping us launch this traveling program, giving us the ability to bring Texas’ coastal wildlife to communities here in Corpus Christi and around the state,” said Jesse Gilbert, Texas State Aquarium President and Chief Executive Officer. “Many children living in our state have never visited the Texas coast, and we are excited to bring this creative initiative to them.”

The educational program, Wildlife Rescue on the Road, will begin its robust statewide tour starting with Houston in January of 2023. To learn more about this initiative, visit texasstateaquarium.org/educate/offsite.

About Reliant

Reliant powers, protects and simplifies life by bringing electricity, security and related services to homes and businesses across Texas. Serving customers and the community is at the core of what we do, and the company is recognized nationally for outstanding customer experience. Reliant is part of NRG, a Fortune 500 company that creates value by generating electricity and providing energy solutions to nearly 6 million residential, small business and commercial customers across the U.S. and Canada. NRG’s competitive residential electricity business, which includes Reliant, is one of the largest in the country. For more information about Reliant, visit reliant.com and connect with Reliant on Facebook at facebook.com/reliantenergy and Twitter or Instagram @reliantenergy. PUCT Certificate #10007.

About The Texas State Aquarium

The Texas State Aquarium (TSA), the Official Aquarium of the State of Texas, is a private, not-for-profit 501(c)(3) institution that is fully accredited by the Association of Zoos and Aquariums and the World Association of Zoos and Aquariums. Its mission is to engage people with animals, inspire appreciation for our seas and support wildlife conservation. TSA, the largest Aquarium in Texas, cares for over 4,000 animals and has been named the #5 Aquarium in North America by USA Today. Learn more at texasstateaquarium.org.

Contacts

Megan Talley, Reliant
713-537-2160
This email address is being protected from spambots. You need JavaScript enabled to view it.

Jennifer Vela, Texas State Aquarium
361-653-2655
This email address is being protected from spambots. You need JavaScript enabled to view it.

: Business Wire; Posted On Nov 21, 2022

Best Black Friday Generator Deals (2022): Top Early Generac, Honda, Westinghouse, DuroMax & Jackery Savings Tracked by Consumer Articles

Save on generator deals at the early Black Friday sale, featuring discounts on solar generators, inverter generators, portable generators & more

BOSTON--(BUSINESS WIRE)--Here’s our comparison of the top early generator deals for Black Friday, together with the best offers on portable power stations, gas generators, inverter generators and more. View the latest deals using the links below.

Best Generator Deals:

Save up to 35% on generators from top brands like Champion, DuroMax, Westinghouse & more (Walmart.com)
Save up to 50% on EcoFlow portable power stations, solar generators, power kits & more (EcoFlow.com)
Save up to $299 on solar generators & portable power stations from Jackery (Jackery.com)
Save up to $500 on BLUETTI portable power stations, solar generators, home battery backups & more (BLUETTIPower.com)
Save up to $386 on inverter & power generators from Champion (Walmart.com)
Save up to $200 on Generac, DuroMax, Honda & more top-rated generators (NorthernTool.com)
Save up to 48% on Geneverse solar generators, backup battery power stations & more (Geneverse.com)
Save up to 21% on OUPES solar generators, portable power stations & accessories (OUPES.com)
Save on Honda portable & inverter generators including the iAVR & EU series (NorthernTool.com)

Best Solar Generator Deals:

Save up to 40% on EcoFlow solar generators & bundles (EcoFlow.com)
Save up to $200 on solar generators (2000 Pro, 1500, 1000 Pro & more) from Jackery (Jackery.com)
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Save up to 48% on solar generators from Geneverse (Geneverse.com)
Save up to $400 on OUPES solar generators (OUPES.com)
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Save on solar generators & bundles at Northern Tool (NorthernTool.com)

Best Portable Generator Deals:

Save up to 33% on portable gasoline, inverter, solar & more generators (Walmart.com)
Save on a huge selection of portable generators at Northern Tool (NorthernTool.com)
Save up to 45% on EcoFlow portable power stations (EcoFlow.com)
Save up to $100 on a wide range of Jackery portable power stations (Jackery.com)
Save up to $500 on BLUETTI portable power stations (BLUETTIPower.com)
Save on Geneverse SolarPower ONE & SolarPower 2 portable solar panels (Geneverse.com)
Save up to 31% on portable power stations from OUPES (OUPES.com)

Interested in more deals? Click here to shop the entire range of live Black Friday deals at Walmart right now. Consumer Articles earns commissions from purchases made using the links provided.

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About Consumer Articles: Consumer Articles shares informative e-commerce news. As an affiliate Consumer Articles earns from qualifying purchases.

Contacts

Andy Mathews (This email address is being protected from spambots. You need JavaScript enabled to view it.)

: Business Wire; Posted On Nov 21, 2022

Gulf Coast Sequestration and Climeworks Sign MOU to Develop First Direct Air Capture and Storage Hub on the Gulf Coast in Louisiana

LAKE CHARLES, La.--(BUSINESS WIRE)--#CCS--Gulf Coast Sequestration (GCS), a Louisiana-based company building the largest carbon sequestration hub in North America, and leading direct air capture (DAC) company Climeworks today announced the signing of a Memorandum of Understanding (MOU). Their partnership will aim to enable the permanent removal of one million tons of carbon dioxide from the air annually by 2030, with the capability to expand to multi-million ton capacity in future years.

Climeworks and GCS are industry pioneers bringing cutting edge innovation to carbon dioxide (CO2) removal and secure, permanent storage. GCS matches Climeworks’ pioneering DAC technology with comprehensively studied geologic pore space ideally suited for a world-class carbon storage project.

Climeworks and GCS have started dialogue with local stakeholders toward developing an informed community benefits plan that will engage interested parties in the region throughout the planning and development of the project.

“Congratulations to Climeworks and Gulf Coast Sequestration on announcing this innovative collaboration,” said Louisiana Governor John Bel Edwards. “Louisiana is rapidly emerging as a leader in the global energy transition, and carbon capture and sequestration is a crucial part of our plan to get to net-zero carbon emissions by 2050. This significant agreement between a pioneering Louisiana company and a global leader in direct air capture technology is another step forward in diversifying and growing our economy.”

“Louisiana is leading the way on direct air capture innovation,” said Senator Bill Cassidy, M.D. “This deal is a great step forward for our state and all those working to strengthen our economy, create jobs in Louisiana, and reduce global carbon emissions.”

“Direct air capture (DAC) is a key technology for removing unavoidable and historic CO2 from the air,” said Climeworks co-CEO Jan Wurzbacher. “Climeworks is excited to work with GCS on the development of a U.S. hub to scale up the DAC industry in support of a more economically and environmentally sustainable future in Louisiana.”

“Carbon capture and sequestration (CCS) is a key component of today’s energy transition, offering an immediate pathway to rapid decarbonization,” said Gray Stream, President of the Stream Companies, the owner of GCS. “Direct air capture (DAC) presents the inspiring possibility of reaching net-zero or even negative carbon emissions. Together, GCS and Climeworks are uniquely positioned to bring this promise to reality in the Gulf Coast’s industrial corridor.”

Editor’s Note

For inquiries relating to Climeworks, please reach out to This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.

About GCS

Gulf Coast Sequestration (GCS) is the leading carbon sequestration solution in the United States, partnering with industrial customers to capture CO₂ and safely contain it underground.

Initially focused on the industrial corridor between southwest Louisiana and Texas, GCS expects to be the first operational carbon storage hub on the Gulf Coast. With an anticipated launch date in 2024, the hub will remove 10 million tons of CO₂ emissions annually from the atmosphere.

More information about GCS is online at www.gcscarbon.com.

About Climeworks

Climeworks empowers people and companies to fight global warming by offering carbon dioxide removal as a service via direct air capture (DAC) technology.

Climeworks is a global leader in direct air capture, with the world’s largest DAC facility and storage installation currently in operation, and a team of 300 Climeworkers determined to contribute to a net-zero future. Climeworks’ growing customer base includes over 160 companies including Microsoft, Stripe, Shopify, and BCG, as well as more than 16,000 individual Climate Pioneers.

Founded by engineers Christoph Gebald and Jan Wurzbacher in 2009, Climeworks is on a journey to climate impact at scale. To do so, we strive to inspire 1 billion people to act and remove CO2 from the air.

Remove CO2 from the air – with Climeworks:

Web • LinkedIn • Twitter • Instagram

Contacts

Ryan Furby, GCS
(337) 501-1478
This email address is being protected from spambots. You need JavaScript enabled to view it.

: Business Wire; Posted On Nov 21, 2022

Bio LPG Global Market Report 2022: Featuring Calor Gas, SHV Energy, Avanti, Alkon Corporation, Neste & More - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Bio LPG Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

The Bio LPG market was evaluated at around US$229.629 million during the year 2020 and is expected to grow at a CAGR of 42.21% to reach a market value of US$2,701.420 million by 2027.

The demand for bio-LPG is increasing because of its clean fuel properties, providing equivalent calorific value to that of fossil fuels such as diesel and petrol. Bio LPG reduces hazardous emissions such as Carbon Monoxide, Hydrocarbons, and Nitrogen dioxide.

In the industrial and commercial settings, the increase in the number of pubs, restaurant outlets, hotels, farms, and warehouses in remote areas which require conventional fuels for daily operations increases the need for bio-LPG. The utility of bio-LPG is greater for public and commercial spaces such as hospitals, sports complexes, grounds, and other commercial places. It enables firms to reduce the negative impact on the environment while being efficient in terms of cost.

There are more projects to be undertaken in bio-LPG as it is a fuel made from waste material, which can lead to the reduction of carbon emissions from industry and retail sectors.

For instance, at National LPG Conclave 2020, the Indian Oil company is expected to introduce bio-LPG to the Indian market by 2023. The firm has invested in developing a concept facility to convert biomass to liquified petroleum gas and bio-LPG, intending to offset 10-20% of the country's demand from LPG to bio-LPG.

Reducing Carbon Footprint across the Retail and Industrial Sectors

With the increase in air pollution, bio-LPG can act as a clean alternative to support industrial applications such as processing, assembling in manufacturing industries, steam generation in power or energy industries to drive the turbine, and propel basic industrial functions required in all industries such as cogeneration, heating, cooling, lighting, and facilitate air conditioning throughout the premises.

In the infrastructure sector, energy is utilized for space heating, lighting, and cooking, for which consumers prefer renewable sources of energy. The transformation to renewable energy will drive up the demand for bio-LPG. For instance, Avanti Gas, based out of the UK, helps businesses and homes reduce their carbon footprint by 95%; the firm has its vision in line with the UK government's mission to phase out the use of fossil fuels by 2050. The firm offers bio-LPG at source and provides an account of carbon dioxide emissions that the customers save from the environment.

The European government regards bio-LPG as a replacement for LPG appliances and vehicles that remains widely in use throughout Europe. The fuel is an asset for the environment as it replaces solid and liquid combustible and emitting fuels such as coal and lamp oil. As per the data by the European Commission, there are 40 million households in rural areas of the conventional gas grid that currently depends upon conventional fuels for limited purposes.

Apart from this, the other drivers to the bio-LPG market are falling energy costs when energy is produced in huge volumes enabling an economy of scale; setting up of bio-LPG facilities will increase employment opportunities, and the aim of making energy will be made available to all. These measures will lead to improved air quality, create a buffer for energy, and greater economic gain in the long run if implemented at the global level.

Regional Analysis

The bio-LPG production is extensive, with significant contributions from the United States and European Nations. The US mainly uses corn and soybean waste and residuals for generating biofuels and related by-products, and bio-LPG as a derivative from Biofuels. Brazil comes after the US as the country is known for producing bio-diesel and bio-LPG from the residuals of sugar cane. Germany, Argentina, and China also remain pivotal for the bio-LPG industries contributing to the production of bio-LPG.

Segmentation

By Feedstock

Residual/Waste
Sugar
Oil

By End-user

Residential
Commercial

By Geography

Americas
EMEA
Asia Pacific

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Bio LPG Market Analysis, By Feedstock

6. Bio LPG Market Analysis, By End-User

7. Bio LPG Market Analysis, By Geography

8. Competitive Environment and Analysis

9. Company Profiles

Companies Mentioned

SHV Energy
ENI
Neste
Avanti Gas
Renewable Energy Group
Alkon Corporation
Irving Oil Ltd.
Calor Gas
Preem AB
Flogas Britain Limited

For more information about this report visit https://www.researchandmarkets.com/r/mnph7f

Contacts

: Business Wire; Posted On Nov 21, 2022

U.S. Department of Energy Confirms Diablo Canyon Power Plant’s Eligibility for Civil Nuclear Credit Program Funding

Plant Would Continue Serving as a Reliable, Low-Cost, Carbon-Free Bridge While State Brings Online New Clean Energy Resources

AVILA BEACH, Calif.--(BUSINESS WIRE)--Today, the U. S. Department of Energy (DOE) confirmed Pacific Gas and Electric Company’s (PG&E) Diablo Canyon Power Plant (DCPP) is eligible for federal funding through the Civil Nuclear Credit Program.

PG&E filed its application for federal funding on September 2, 2022, the same day California Governor Gavin Newsom signed Senate Bill 846 into law, seeking to extend operations at DCPP in San Luis Obispo County for five years beyond its current license expiration in 2025. The plant would be used to improve statewide energy system reliability and reduce greenhouse gas emissions while additional renewable energy and carbon-free resources come online.

Last month, the state authorized a loan of up to $1.4 billion from the Department of Water Resources to PG&E to support extending operations at the plant. SB 846 further directed PG&E to pursue funds from DOE, and any other potentially available federal funds, to pay back the loan and lower costs for customers should the plant’s operating license be extended.

“This is another very positive step forward to extend the operating life of Diablo Canyon Power Plant to ensure electrical reliability for all Californians,” said PG&E Corporation Chief Executive Officer Patti Poppe. “While there are key federal and state approvals remaining before us in this multi-year process, we remain focused on continuing to provide reliable, low-cost, carbon-free energy to the people of California, while safely operating one of the top performing plants in the country.”

PG&E has been conditionally awarded a total of approximately $1.1 billion from the DOE. Final award amounts will be determined following completion of each year of the award period, and amounts awarded will be based on actual costs.

“This is a critical step toward ensuring that our domestic nuclear fleet will continue providing reliable and affordable power to Americans as the nation’s largest source of clean electricity,” said U.S. Secretary of Energy Jennifer M. Granholm. “Nuclear energy will help us meet President Biden’s climate goals, and with these historic investments in clean energy, we can protect these facilities and the communities they serve.”

DCPP’s Safe and Reliable Operations

PG&E is committed to the highest levels of safety, performance and security at DCPP. The plant has an excellent safe operating record and is subject to rigorous regulatory oversight, including with respect to seismic safety. To learn more, click here. The Nuclear Regulatory Commission’s (NRC) current assessment places DCPP among the highest performing plants in the nation and continues to find the facility is operating safely and meeting industry-established safety and performance objectives. All plant operations will continue to be overseen and monitored by the NRC, as well as several other independent industry and external oversight entities.

DCPP can generate 2,200 megawatts of baseload electricity, and currently provides approximately 17% of California’s zero-carbon electricity supply and 8.6% of the state’s total electricity supply.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.

Contacts

Media Relations
415.973.5930

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