NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today announced that it plans to make a public offering of 13,500,000 of its Ordinary Shares, without nominal value, in an underwritten registered public offering. FREYR expects to grant the underwriters a 30-day option to purchase up to 2,025,000 additional Ordinary Shares as part of this offering.
FREYR intends to use the net proceeds from this offering for (i) the continued construction of Giga Arctic facilities, (ii) development expenditures for Giga America and (iii) general corporate purposes.
Credit Suisse, BofA Securities and Morgan Stanley are acting as book-running managers for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the final size or terms of the offering.
The offering is being made only by means of a previously filed effective registration statement (including a base prospectus) and a preliminary prospectus supplement. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the proposed offering, when available, may be obtained from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, by telephone at (800) 221-1037 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it.; BofA Securities, Inc., Attn: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, This email address is being protected from spambots. You need JavaScript enabled to view it.; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014. Before you invest, you should read the prospectus in that registration statement and other documents FREYR has filed with the Securities and Exchange Commission for more complete information about FREYR and the proposed offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About FREYR Battery
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030.
Cautionary Statement Concerning Forward-Looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding FREYR’s use of proceeds from the offering are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in FREYR’s Registration Statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC") on September 1, 2022, and in other SEC filings available on the SEC’s website at www.sec.gov.
Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (+1) 281-222-0161
Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: (+47) 920 54 570
LONDON--(BUSINESS WIRE)--#Hydrogen--The sport for purpose electric racing series, Extreme E, has today announced Kaizen Clean Energy (KCE) as its Official Clean Energy Technology Provider for Season 3, starting in 2023.
Kaizen Clean Energy will support ENOWA, NEOM’s energy, water and hydrogen subsidiary, and Green Hydrogen Power Partner to Extreme E, in delivering a pioneering hydrogen microgrid solution to the championship.
Alejandro Agag, founder and CEO, Extreme E, said: “Extreme E required a mobile clean energy solution that could be transported easily on the St Helena and deployed at our races in remote locations. Kaizen Clean Energy’s system is perfectly aligned with Extreme E’s needs. Their unique hydrogen production and purification technology will enable Extreme E to charge its race fleet and support the series’ goals to take its entire event operations power off grid with 100% carbon neutral hydrogen energy – which will be a first in motorsport.”
KCE will be manufacturing, integrating, and deploying their hydrogen production systems from their facility in Texas for use in microgrid power, hydrogen fueling, and industrial hydrogen supply starting in the first quarter of 2023.
“We are thrilled to partner with Extreme E to help charge their fleet and power their event operations using locally generated 100% clean energy”, said Robert Meaney, Co-Founder of Kaizen Clean Energy. “KCE is committed to supporting Extreme E’s vision for an equitable and environmentally beneficial racing series using our microgrid technology to provide safe, economically viable, and logistically friendly method for off grid hydrogen infrastructure.”
Heading into its third season, Extreme E is a radical off-road racing series which showcases electric SUVs and futuristic technologies in some of the world’s most remote and challenging environments.
This five-event global voyage utilises its sporting platform for the purpose of promoting electrification, environment and equality. The series’ goal is to highlight the impact of climate change in some of the world’s most endangered environments, promote the adoption of electric vehicles to pave the way for a lower carbon future, and provide a world-leading gender-equal motorsport platform.
The St Helena, a refitted former Royal Mail ship, transports the Championship’s freight and logistics, including the racing cars and all paddock infrastructure, around the world, as a lower carbon transportation option compared to airfreight.
Kaizen Clean Energy’s technical partnership supports Extreme E’s goal of having the lowest carbon footprint in motorsport, and crucially creating minimal local impact on the environments in which it races.
Season 3 of Extreme E kicks off in NEOM, Saudi Arabia on March 11-12th, 2023, before heading to Scotland, Sardinia, the Amazon or the USA, and a finale in Chile.
To learn more about Extreme E, visit - www.Extreme-E.com
NOTES TO EDITORS
About Extreme E: Extreme E is a radical off-road racing series, founded by the same team behind Formula E, which showcases electric SUVs and futuristic technologies in some of the world’s most remote and challenging environments.
This five-event global voyage utilises its sporting platform for the purpose of promoting electrification, environment and equality. The series’ goal is to highlight the impact of climate change in some of the world’s most endangered environments, promote the adoption of electric vehicles to pave the way for a lower carbon future, and provide a world-first gender-equal motorsport platform.
The first sport to ever be built out of a social purpose, Extreme E aims to minimise environmental impact while maximising awareness, racing in places that have already been damaged or affected by climate change or human interference and taking fans deep into the heart of the most pressing issues facing our planet’s future.
Not only that, but Extreme E is also helping the car industry to develop future-facing technology using racing as a platform for road innovation, which accelerates change ten-fold.
About Kaizen Clean Energy: KCE, a manufacturer of hydrogen generators licensed from Element 1, is developing integrated solutions for electric vehicle (EV) charging, hydrogen fueling, and distributed power for the grid and critical assets. KCE offers it’s mobile microgrid to customers through an Energy as a Service contract, which eliminates large capital expenses and provides customers with the flexibility to scale with energy needs over time. For more information, visit www.kaizencleanenergy.com.
Season 2 Calendar:
Extreme E Season 3 calendar (2023):
March 11-12: Saudi Arabia
May 13-14: Scotland
July 8-9: Sardinia, Italy*
September 16-17: Brazil or USA
December 2-3: Chile
About NEOM: NEOM is an accelerator of human progress and a vision of what a New Future might look like. It is a region in northwest Saudi Arabia on the Red Sea being built from the ground up as a living laboratory – a place where entrepreneurship will chart the course for this New Future. It will be a destination and a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.
NEOM will include hyperconnected, cognitive towns and cities, ports and enterprise zones, research centers, sports and entertainment venues and tourist destinations. As a hub for innovation, entrepreneurs, business leaders and companies will come to research, incubate and commercialize new technologies and enterprises in groundbreaking ways. Residents of NEOM will embody an international ethos and embrace a culture of exploration, risk-taking and diversity.
For further information email This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.neom.com and www.neom.com/en-us/newsroom
About ENOWA: ENOWA is a world-class energy, water and hydrogen company founded in NEOM, Saudi Arabia. ENOWA produces and delivers clean and sustainable resources for industrial and commercial applications using a customer-centric smart and connected system, designed to be circular and takes advantage of NEOM's optimal solar and wind energy profile. ENOWA benefits from NEOM's greenfield site, which has no legacy infrastructure, to advance Energy, Water, and Hydrogen innovation.
ENOWA will act as a catalyst and incubator for developing new, sustainable energy and water businesses while creating a robust economic sector regionally. Through its commitment to renewable energy and efficient water management, ENOWA seeks to become a global reference for industry leaders and setting a benchmark for sustainable economic circular systems around the world.
For more information, please visit enowa.neom.com
About Continental Tires: Founding Partner and Official Tire Partner
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic and transportation.
The tyres business area has 24 production and development locations worldwide. Continental is one of the leading tyre manufacturers with more than 56,000 employees and offers a broad product range for passenger cars, commercial and special-purpose vehicles as well as two-wheelers. Through continuous investment in research and development, Continental makes a major contribution to safe, cost effective and ecologically efficient mobility. The portfolio of the tyres business area includes services for the tyre trade and fleet applications, as well as digital management systems for tyres.
Continental has developed a new high-performance tyre for Extreme E Season 2, redesigned to include the use of more sustainable materials. Each of the 30 tyres that Continental has supplied to all ten Extreme E teams now contains recycled polyester made from approximately 60 PET bottles. In total, around a third of each second-generation CrossContact Extreme E tyre consists of recycled and renewable raw materials.
About CBMM: Founding Supplier
CBMM | Niobium is a founding supplier of Extreme E and the Championship’s official Niobium Technology Supplier and Chassis Technology Supplier.
Critical to the automotive sector, niobium produces stronger, lighter and more sustainable cars with better energy efficiency. Its technologies are already widely applied in different areas, including light-weighting, safety, emissions reduction and electronics that will help lead to a sustainable sector transformation. Key applications of niobium in the Mobility sector include chassis, brakes and exhaust systems, drivetrains, batteries and EV charging stations and any number of ancillary components. Its qualities mean materials can be made lighter, stronger, more robust and more reliable – all while being more sustainable than other materials.
CBMM offers technical innovation to customers around the globe through a team of over 2,000 highly trained, dedicated professionals providing cutting-edge niobium products and technology to over 400 clients in around 40 countries.
About LuisaViaRoma: Official Fashion Partner
Defined by the Financial Times as “a haven for directional fashion,” LUISAVIAROMA.COM is the top online luxury fashion destination with 5,000,000 visitors per month and worldwide shipping. With each new season, the website presents the collections of more than 600 established designers and young emerging talents.
About Zenith: Official Timekeeper and Founding Partner
Zenith exists to inspire individuals to pursue their dreams and make them come true – against all odds. Since its establishment in 1865, Zenith became the first watch manufacture in the modern sense of the term, and its watches have accompanied extraordinary figures that dreamt big and strived to achieve the impossible – from Louis Blériot’s history-making flight across the English Channel to Felix Baumgartner’s record-setting stratospheric free-fall jump. Zenith is also highlighting visionary and trailblazing women – past and present – by celebrating their accomplishments and creating in 2020 its first-ever collection dedicated entirely to them, Defy Midnight.
With innovation as its guiding star, Zenith features exceptional in-house developed and manufactured movements in all its watches. Since the creation of the El Primero in 1969, the world’s first automatic chronograph calibre, Zenith has gone on to master fractions of the second with the Chronomaster Sport and its 1/10th of a second precision and the DEFY 21 with a precision of 1/100th of a second.
About Allianz: Founding Partner and Official Insurance Partner
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets.
About Vodafone Business: Official Technology and Communication Partner
With expertise in connectivity, global scale and the leading IoT platform, Vodafone Business is a leading technology communications company helping organisations succeed in a digital world and keeping society connected. Vodafone’s purpose is to connect for a better future, enabling an inclusive and sustainable digital society, and many of its solutions have sustainability and inclusivity embedded.
Unique in its scale as the largest pan-European and African technology communications company, Vodafone transforms the way we live and work through its innovation, technology, connectivity, platforms, products and services. Vodafone operates mobile and fixed networks in 21 countries, and partners with mobile networks in 52 more. As of 31 December 2021, they had over 300m mobile customers, more than 28m fixed broadband customers and over 22m TV customers.
This collaboration will see Vodafone Business leading innovations and capabilities such as 5G, MPN, IOT and MEC, integrated into Extreme E’s global operations and will include full involvement in the purpose- driven elements of the series, with special prominence on Extreme E’s Legacy Programmes and the Science Laboratory on board the St Helena. Through its IOT solutions, Vodafone Business is helping sustainability efforts, including agriculture, forestation and decarbonisation of energy grids.
Find out more on http://www.Vodafone.com/business and follow Vodafone on its social media channels:
Twitter: @VodafoneGroup
LinkedIn: www.linkedin.com/company/vodafone
About Neat Burger: Official Plant-based Partner
Neat Burger is one of the world’s fastest growing plant-based sustainable burger chains, backed by key investors Formula 1 Champion and X44 Extreme E team owner, Lewis Hamilton, and actor and environmentalist, Leonardo DiCaprio.
Established in 2019, Neat Burger has achieved not only a loyal fanbase but industry recognition too, having won for a second year running the UK’s Best Vegan Restaurant of the Year at the Deliveroo Restaurant Awards and it was nominated for the 2021 GQ Food & Drink Sustainability Award. Most recently, the brand was awarded PETA’s inaugural Company of the Year Award for its game changing approach to plant-based diets, encouraging people to eat delicious, protein-packed plant-based meals.
As part of its mission to create a sustainable future, Neat Burger is working with Eden Reforestation Projects on its large scale reforestation initiatives. In 2021, Neat Burger funded the planting of over one million mangrove trees in Madagascar.
About EY: Official Innovation Partner
EY is a global leader in assurance, tax, strategy, transaction and consulting services. The insights and quality services they deliver help build trust and confidence in capital markets and in economies the world over. EY develops outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, they play a critical role in building a better working world for their people, for their clients and for their communities.
EY originally joined the Championship to help Extreme E achieve its commitment of minimizing the overall footprint whilst creating a positive legacy. In collaborating with Extreme E, EY has become a vital part of creating an Environment Impact Assessment framework which further drives the championship in the direction of positive change. Whilst Extreme E strives to race without leaving a trace, the framework provided by EY has allowed the championship to minimize its environmental impact across each race location. Both prior and post-racing impact assessments have allowed Extreme E to strategically plan their actions within these areas.
About INTERprotección: Official Insurance Broker
INTERprotección is composed of a group of Mexican insurance, reinsurance and surety bond brokerage companies. With global presence and recognition, INTERprotección has more than 40 years of experience in management and comprehensive risk consulting in the Mexican market. Its business model is focused on bringing the client to the forefront and offering them the best service through innovative and disruptive products, more recently with its new brand inter.mx, its insurance digital platform that is transforming the insurtech game.
About Enel X Way: Official Smart Charging Partner
Enel X Way is the Enel Group's new global business line entirely dedicated to electric mobility. Currently, Enel X Way manages approximately 320,000 charging points, both directly and through interoperability agreements in place worldwide1. As a global platform for e-mobility, the company is focused on developing flexible charging technologies and solutions to improve the customer experience by supporting the electrification of transport for consumers, businesses, cities and public administrations.
Find out more on https://enelxway.it/en/home and follow Enel X Way on its social media channels:
LinkedIn: Enel X Way
Twitter: @enelxway
Instagram: @enelxway
Facebook: @enelxway
1 Public and private charging points, including points of interoperability.
For more information on Extreme E, please contact:
Extreme E Communications:
Simra Gulzar, Extreme E
E: This email address is being protected from spambots. You need JavaScript enabled to view it. / +44 7552 858229
Josh Bell, MPA Creative
E: This email address is being protected from spambots. You need JavaScript enabled to view it. / +44 7557 102540
Diego Bustos, BE Mass Media (Latin America -including Brazil-, US Hispanics, Spain, Portugal)
E: This email address is being protected from spambots. You need JavaScript enabled to view it. / +569-8829-9138 or +1-660-847-4645
Please visit the Extreme E media centre to access images, videos and press releases: https://www.extreme-e.com/en/mediacentre
For more information on Kaizen Clean Energy, please contact:
Eric Smith, Kaizen Clean Energy
E: This email address is being protected from spambots. You need JavaScript enabled to view it. / +1 346-337-7788
Please visit the Kaizen Clean Energy website to access video, images, and additional information: https://kaizencleanenergy.com
HOUSTON--(BUSINESS WIRE)--$HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that representatives of Hess Midstream will meet with investors at the Wells Fargo 21st Annual Midstream & Utilities Symposium on December 7, 2022.
A presentation has been posted in the “Investors” section of the Hess Midstream website at www.hessmidstream.com.
About Hess Midstream
Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Investor Contact:
Jennifer Gordon
(212) 536-8244
Media Contact:
Robert Young
(713) 496-6076
DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Renewable Energy Policy Handbook 2022 Update" report has been added to ResearchAndMarkets.com's offering.
'Asia Pacific Renewable Energy Policy Handbook 2022 report covers 17 major countries in the Asia Pacific region - Australia, Bangladesh, China, India, Indonesia, Japan, Kazakhstan, Laos, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
The report offers comprehensive information on major policies governing the renewable energy market in these countries. The report discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided by the countries in the region.
Scope
Reasons to Buy
Key Topics Covered:
1. Executive Summary
2. Renewable Energy Policy, Australia
2.1 Renewable Energy Market, Overview
2.2 Renewable Energy Policy Framework
2.3 State Level Policies and Incentives-South Australia
2.4 State Level Policies and Incentives-New South Wales (NSW)
2.5 State Level Policies and Incentives-Victoria
2.6 State Level Policies and Incentives-Tasmania
2.7 State Level Policies and Incentives-Queensland
2.8 State Level Policies and Incentives-Australian Capital Territory
2.9 State Level Policies and Incentives-Western Australia
2.10 State Level Policies and Incentives-Northern Territory
3. Renewable Energy Policy, Bangladesh
3.1 Renewable Energy Market, Overview
3.2 Renewable Energy Targets
3.3 Renewable Energy Policy
3.4 Hydrogen Energy
3.5 Sustainable and Renewable Energy Development Authority Act
3.6 The Bangladesh Energy Regulatory Commission (BERC) Act 2003
3.7 Net Metering
3.8 Solar Home Systems Program
3.9 New Renewables Policy
4. Renewable Energy Policy, China
4.1 Renewable Energy Market, Overview
4.2 Renewable Energy Targets
4.3 Renewable Energy Law
4.4 International Science and Technology Co-operation Program for New and Renewable Energy
4.5 The 14th Five-Year Plan
4.6 Hydrogen Energy in China
4.7 Renewable Portfolio Standard (RPS)
4.8 Carbon Intensity Target
4.9 National Emission Trading Scheme (ETS)
4.10 Global Environment Facility (GEF) Grants
4.11 Subsidy-Free Solar, Wind Power Policy
4.12 Financial Incentives and Policy Support for Solar, China
4.13 Financial Incentives and Policy Support for Wind, China
4.14 Financial Incentives and Policy Support for Hydropower, China
4.15 Financial Incentives and Policy Support for Biopower, China
5. Renewable Energy Policy, India
5.1 Renewable Energy Market, Overview
5.2 Electricity Act of 2003
5.3 Draft Electricity (Amendment) Bill, 2020
5.4 Cross Border Power Trade Regulation, 2020
5.5 Renewable Energy Targets
5.6 Scheme for Supply of Round-The-Clock (RTC) Renewable Energy
5.7 National Action Plan on Climate Change
5.8 Amendments in National Tariff Policy
5.9 Renewable Energy Certificates
5.10 Memorandum- "Make in India" for Local Content in Renewable Energy Products
5.11 Memorandum-Quality of Solar Modules
5.12 National Wind-Solar Hybrid Policy
5.13 COVID 19 Pandemic Extensions
5.14 Interstate Transmission Network System (ISTS)-Connected Wind-Solar Hybrid Power Projects
5.15 Green Energy Corridor
5.16 Extension on Waiver of Inter-State Transmission Charges for Wind and Solar Projects
5.17 National Renewable Energy Act, 2015
5.18 Green Term Ahead Market (GTAM)
5.19 Union Budget, Allocation for Power Sector
5.20 Green Hydrogen
5.21 Renewable Energy Auctions
5.22 Feed-in-Tariffs
5.23 Support for Renewable Energy, India
5.24 Central Government Schemes for the development of power sector
6. Renewable Energy Policy, Indonesia
6.1 Renewable Energy Market, Overview
6.2 National Energy Policy
6.3 New Tariff Regime for Renewables
6.4 Indonesia Electricity Supply Plan (RUPTL), 2021-2030
6.5 Revocation of 32 regulations in the Energy and Minerals Sector in 2018
6.6 Other Electricity Sector Regulations
6.7 Net-metering scheme
6.8 Value-Added Tax and Import Duty Exemption for Renewable Energy Property
6.9 New Geothermal Law
6.10 Geothermal Fund
6.11 Biofuel Consumption Mandates
6.12 Other Fiscal Incentives
7. Renewable Energy Policy, Japan
7.1 Renewable Energy Market, Overview
7.2 Renewable Energy Targets
7.3 Sixth Strategic Energy Plan, 2021
7.4 Hydrogen Energy in Japan
7.5 Japan Renewable Energy Policy Platform
7.6 Amendment of the Renewable Energy Act (New Feed-in Tariff Act)
7.7 Feed-in Tariffs for Renewable Energy
7.8 Renewable Energy Auctions
7.9 RE 100
7.10 Establishment of New Energy Development Organization
7.11 Renewable Energy Certificates (REC) in Japan
7.12 Act No. 89
7.13 Cool Earth-Innovative Energy Technology Program
8. Renewable Energy Policy, Kazakhstan
9. Renewable Energy Policy, Laos
10. Renewable Energy Policy, Malaysia
11. Renewable Energy Policy, New Zealand
12. Renewable Energy Policy, Pakistan
13. Renewable Energy Policy, Philippines
14. Renewable Energy Policy, Singapore
15. Renewable Energy Policy, South Korea
16. Renewable Energy Policy, Taiwan
17. Renewable Energy Policy, Thailand
18. Renewable Energy Policy, Vietnam
For more information about this report visit "Asia Pacific Renewable Energy Policy Handbook 2022"
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
DUBLIN--(BUSINESS WIRE)--The "Denmark Renewable Energy Policy Handbook, 2022 Update" report has been added to ResearchAndMarkets.com's offering.
Denmark Renewable Energy Policy Handbook offers comprehensive information on major policies governing the renewable energy market in the country.
The report discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country.
The report is built using data and information sourced from industry associations, government websites, and statutory bodies.
Scope
Reasons to Buy
Key Topics Covered:
1 Renewable Energy Market, Overview
2 Electricity Supply Act
3 National Renewable Energy Action Plan (Target 2020)
4 Renewable Energy Targets
5 Draft-National Energy and Climate Plan (Target 2030)
6 Energy Strategy 2050
7 National Recovery and Resilience Plan - Green Transition
8 Hydrogen energy in Denmark
9 Promotion of Renewable Energy Act
10 Auctions
11 Net-metering
12 Loan guarantee for construction of wind energy plants
For more information about this report visit https://www.researchandmarkets.com/r/cb7z6o
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
Company will target the offshore U.S. wind market
HOUSTON--(BUSINESS WIRE)--Bleutec Industries LLC (“Bleutec”), builder, owner, and operator of Jones Act-compliant offshore wind turbine installation vessels, today announced that it has secured a significant capital commitment from EnCap Investments L.P. (“EnCap”), a leading provider of equity capital to the independent sector of the U.S. energy industry. Bleutec management will invest alongside EnCap in the company.
Headquartered in Houston, Bleutec is focused on its innovative Binary Marine Installation Solution (“BMIS”), which enables a cost-effective alternative to the more expensive heavy-lift jack-up Wind Turbine Installation Vessels (“WTIV”) currently being employed by the offshore wind sector for foundation and turbine installation. The BMIS will be built around a Piling Installation Vessel (“PIV”), a Wind Turbine Installation Vessel Light (“WTIVL”), and Service Operation Vessels (“SOV”). The PIV will feature a gantry crane, capable of lifting up to 4,500 metric tons, a hydraulic hammer, and deck space for the piles. The WTIVL will install wind turbines of up to ~22 megawatts on the foundations and the SOVs will provide the necessary accommodation and crew support services.
“We’re excited to partner with Bleutec and help accelerate the management team’s vision to innovate in the deployment of renewables to the U.S. offshore wind sector,” said EnCap Energy Transition Managing Partner Tim Rebhorn. “The Bleutec team is a natural fit with the EnCap Energy Transition portfolio and we look forward to their continued growth and success.”
“Partnering with EnCap, a strategic capital provider with a strong track record facilitating portfolio company growth, provides the necessary support for Bleutec to quickly develop our Jones Act vessels in order to build our competitive advantage in this nascent market,” said Bleutec Chief Executive Officer and Founder Robin Bodtmann.
The Bleutec team is led by Robin Bodtmann and Bo Jardine, both of whom have extensive engineering, construction, and project management experience in the U.S. offshore industry. Bodtmann founded Bleutec in 2019 and serves as the Chief Executive Officer and President. Prior to Bleutec, Bodtmann was the Vice President of Strategy and Development at Wood Group where she oversaw engineering, procurement, and construction, and operations and maintenance for the Americas. Jardine serves as the Chief Innovation Officer and has 20 years of experience in various offshore marine applications, most recently serving as a Supply Chain Manager at Shell where he led the global commercial strategy for offshore marine logistics. In that role he oversaw offshore vessel design and construction, logistics activities, port facility development, and marine technologies.
PPHB LP served as financial advisor and Jones Walker as legal advisor to Bleutec. Sidley Austin served as legal advisor to EnCap.
About Bleutec Industries
Bleutec’s mission is to bring together industry leaders and mentors to garner the collective capability and expertise to deliver innovative, comprehensive transportation and installation project services for offshore wind developments. For more information, please visit www.bleutecindustries.com.
About EnCap Investments L.P.
Since 1988, EnCap Investments has been a leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 23 institutional investment funds totaling approximately $39 billion and currently manages capital on behalf of more than 350 U.S. and international investors. Founded in 2019, the EnCap Energy Transition platform is led by four Managing Partners, each with 30-35 years of experience in the development and operations of renewables and power generation. For more information, please visit www.encapinvestments.com.
Meredith Hargrove Howard
Redbird Communications Group
This email address is being protected from spambots. You need JavaScript enabled to view it.
210-737-4478
Capital raise is milestone for construction of KOREPlex, a lithium-ion battery cell gigafactory scheduled to break ground in Arizona Q4 2022
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--KORE Power, Inc. (“KORE”) has closed the initial $75 million tranche of a private placement (the “Financing”) anticipated to total $150 million. Siemens Financial Services was the lead investor and was joined by Quanta Services with additional strategic partners including Nidec Motor Corporation, Honeywell Ventures, Trog Hawley Capital and a leading utility scale energy storage provider. Goldman Sachs & Co. LLC acted as KORE’s Exclusive Placement Agent.
KORE is a leading U.S.-based developer of lithium-ion battery cells and manufacturer of integrated solutions for the e-mobility and energy storage sectors. KORE intends to use the proceeds of the Financing to commence the construction of its KOREPlex gigafactory in the Phoenix area and to purchase long lead-time items required for construction of the facility. The KOREPlex is expected to have initial annual production capacity of 6 GWh of high-density lithium-ion cells. Production is expected to expand to 12 GWh and beyond to meet expected market demand. The KOREPlex will also be among the first U.S. battery cell gigafactories built independently of an automotive OEM. This independence will allow the KOREPlex to supply batteries to a wide range of innovative e-mobility and energy storage customers. KORE will break ground on the KOREPlex this year, with initial output beginning in late 2024.
“Siemens Financial Services is proud to be the lead investor committed to backing KORE with both our capital and know-how. We support the industries and create the infrastructure forming the backbone of the American economy and apply that same commitment to the development of the battery industry in the U.S.," said Steffen Grosse, CEO of Equity Finance, Siemens Financial Services. "KORE's focus on manufacturing and vital industries such as energy storage, transportation electrification and grid modernization align with the strategic direction of SFS’ investments in the U.S. to date."
Earlier this year, BloombergNEF forecast a 30% compound annual growth rate in the energy storage market. Similarly, electrification in the mobility sector, which includes electric vehicles and charging infrastructure, is experiencing rapid growth. According to BloombergNEF, as of July, global electric vehicle sales were up more than 60% year-over-year.
Demand for KORE’s domestically manufactured batteries is expected to further increase due to the domestic content required to fully maximize the energy storage investment tax credit available under the recently passed Inflation Reduction Act.
“Strengthening domestic manufacturing capabilities for battery cells will be critical to the transformation and build out of energy infrastructure in the United States,” said Andrew Schwaitzberg, leader of energy transition initiatives at Quanta Services. “We are excited to invest and partner alongside leading energy innovators who also understand the importance of building and supporting a robust domestic supply chain. We expect our strategic alliance with KORE to enhance Quanta’s ability to deliver comprehensive energy solutions in partnership with our customers.”
Since last year’s announcement that the KOREPlex would be built in Arizona, KORE has announced a series of agreements to secure U.S. supply of materials used in battery cell manufacturing. KORE has also launched a vertically integrated energy storage solutions provider based in Vermont known as KORE Solutions.
“As a U.S.-based manufacturer with the ability to supply top-tier lithium-ion cells, the KOREPlex will take us to the next level. We will have American workers and an American supply chain driving the growth of clean energy and vehicle electrification,” said Lindsay Gorrill, CEO and Co-Founder of KORE Power. “In the coming months, we expect to announce additional agreements demonstrating our commitment to building a domestic supply chain for the KOREPlex and embracing a circular lifecycle for our products.”
About KORE Power
KORE is a leading U.S.-based developer of battery cell technology and integrated solution manufacturer for the energy storage and e-mobility sectors. With clients in energy storage, e-mobility, utility, industrial and defense markets, KORE provides battery products and solutions which are the backbone for decarbonization across the globe. As a U.S.-based, integrated provider of cells, batteries and solutions, KORE is uniquely positioned to serve these markets. Groundbreaking for the construction of the KOREPlex is scheduled for the fourth quarter of 2022 with commercial production scheduled for the fourth quarter of 2024. The KOREPlex will have initial annual production capacity of 6 GWh of battery cells, which will be expanded to 12 GWh to meet expected market demand. KORE is headquartered in Coeur d’Alene, Idaho, with operations in Waterbury, Vermont, and Buckeye, Arizona. For more information, visit www.korepower.com.
About Siemens Financial Services
Siemens Financial Services (SFS) – the B2B financing arm of Siemens – provides financing that makes a difference. At SFS, we empower customers around the globe to access technology with purpose and increase their competitiveness. Based on our unique combination of financial expertise, risk management and industry know-how we provide tailored financing solutions – including flexible leasing and working capital products, project-related and structured financing, corporate lending, equity investments, finance advisory, as well as trade and receivables financing. With highly experienced and passionate teams in 20+ countries, SFS paves the way for industrial productivity, smart infrastructure and sustainable mobility, facilitating the energy transition and enabling high-quality healthcare. Supporting the Siemens DEGREE framework, SFS is one of the leading providers in financing greenfield renewable projects. For more information, visit www.siemens.com/finance.
About Quanta Services
Quanta Services, Inc. is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, communications, pipeline, and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.
Cautionary Statement
Certain statements contained herein constitute forward-looking statements, including but not limited to statements about the plans, objectives, and expectations. All statements included herein, other than statements of historical fact, are forward-looking information, and such information involves various risks and uncertainties. KORE Power, Inc. believes the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct, and such forward-looking statements in this news release should not be unduly relied upon. Forward-looking statements included in this news release are subject to risks and uncertainties that may cause actual results to differ materially and are made as of the date of this news release, and KORE Power disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by applicable securities legislation.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
The securities to be issued in connection with the offering described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder and have not been registered under the Act or applicable state securities laws. Accordingly, such securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.
David Jakubiak
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NYSE to celebrate 99th annual Christmas tree lighting on November 30th
AUSTIN, Texas--(BUSINESS WIRE)--November 30 – Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that it has successfully delivered the New York Stock Exchange’s iconic Christmas tree for the 99th annual lighting ceremony, which will take place this evening, November 30th, from 2 pm – 6 pm ET. The NYSE Christmas tree has been a downtown New York mainstay since 1923. This is the first time an electric semi-truck has delivered the 18,000-pound Norway Spruce to the NYSE site in the city’s Financial District.
The Hyliion Hypertruck ERX, an electric powertrain that is recharged by an onboard natural gas generator, transported the approximately 80-foot tree from West Nyack, NY to Experience Square outside the exchange, where it will stay through the 2022 holiday season.
“This holiday season, Hyliion is pleased to continue its collaboration with the New York Stock Exchange by being part of this time-honored tradition and delivering some holiday cheer to Experience Square. The NYSE’s choice of Hyliion to transport the tree reflects the exchange’s focus on ESG and strong support for the sustainability initiatives of its community of listed companies,” said Thomas Healy, CEO of Hyliion.
“As the Hypertruck ERX powertrain moves towards production in 2023, Hyliion is deploying a series of vehicles in controlled fleet trials with some of the nation’s leading fleets. The semi-truck used to move the Christmas tree is one of these demo vehicles and now will continue to be showcased with fleets across the country," continued Healy.
“We were thrilled to see Thomas Healy pull up to 11 Wall Street and personally deliver this year’s NYSE Christmas tree in an electric truck, underscoring Hyliion’s commitment to building a sustainable future,” said Lynn Martin, President of the New York Stock Exchange. “At a moment when ESG is gaining increased attention, Hyliion told its story through action and helped to kick off our holiday celebration in a powerful way.”
This year marks the NYSE’s 99th annual Christmas tree lighting. The event will feature artists, organizations, and NYSE-listed companies, gathering to celebrate the New York City community and the season of giving.
About Hyliion
Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.
Forward Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2022 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX™, the ability to meet 2022 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions, the expected performance and integration of the KARNO generator and system, and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 24, 2022 for the year ended December 31, 2021. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
Ryann Malone
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Sharon Merrill Associates, Inc.
Nicholas Manganaro
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Funding will be used for technical hiring, to grow its product development team, and to expand its EcoRail product line and customer base
MONTREAL--(BUSINESS WIRE)--#RailIndustry--RailVision Analytics, the company powering the railway industry into a new era of cleantech, announced today it has closed a US$4 million (CAD$5.5 million) seed funding round from investors that back entrepreneurs building the future of transportation. The investment – which was more than two times oversubscribed – was led by Trucks Venture Capital with participation from new investors MUUS Climate Partners, Blackhorn Ventures, Incite.org, and Measured Ventures, and returning investors Active Impact Investments and Neil Murdoch. RailVision will use the funding for technical hiring, to grow its product development team, and to expand its product line and customer base.
RailVision was launched in 2020 with the objective of helping the railway industry reduce its fuel consumption and lower greenhouse gas (GHG) emissions. Fuel is the largest cost to railroad companies after labor. While the railroad industry is open to innovations that will drive efficiencies, tools typically used by the sector to address the issue of high fuel costs are limiting, antiquated, and necessitate complicated integrations.
RailVision’s flagship EcoRail app was launched in 2021 to mitigate skyrocketing fuel prices by lowering consumption, reducing emissions, improving crew safety, monitoring operation compliance, and reducing wear on equipment for the $100B North American rail industry. EcoRail is a lightweight app used on a crew tablet. As it embraces a user interface similar to Google Maps, the app is easy for railroad engineers to adopt. In early demonstrations, EcoRail delivered meaningful fuel cost savings of 10 – 15% and in turn lower GHG emissions.
“The rail industry is the backbone of global supply chains and responsible for moving the majority of the world’s raw and finished materials. It also happens to be the most efficient – and environmentally friendly – transportation industry by nearly four times, yet is often overlooked in terms of opportunities for growth and innovation,” says Dev Jain, founder and CEO of RailVision. “This seed investment enables us to disrupt this status quo by developing technology that can drive growth and introduce innovation to this strong but stable industry, while further reducing its environmental impact. The funding also enables us to significantly expand our reach and deliver a robust solution for the larger Class I market.”
Over the past year, EcoRail has been in pilot testing with several companies, including Genessee & Wyoming, Metrolinx, Port of Montreal, and Via Rail. The app is now commercially available for deployment by all passenger and freight shortline railroads.
“RailVision takes a lightweight, software-only approach but with heavy savings for train operators,” said Reilly Brennan, General Partner at Trucks Venture Capital. “By using RailVision’s product, trains will burn less fuel, save more money, and make transportation better. We’re excited to see where the team takes the product in the future.”
RailVision’s product makes for a more economical option for trains compared to trucks. “The idea behind our vision is to not only highlight what’s possible in the railway industry but to also champion the adoption of rail with the goal of reducing heavy congestion and pressure currently placed on public roads, which will significantly lower GHG emissions,” says Jain.
“There is huge growth and impact potential in the rail sector yet not enough people are thinking about it,” says Mike Winterfield, Managing Partner of Active Impact Investments, Canada's largest climate tech seed fund. “Two impressive early pilots with major railways captured our interest and prompted our investment. Based on the traction RailVision has achieved to date, they are now very well positioned to attract a team that will help the company deliver significant savings to its customers.”
About RailVision
RailVision Analytics is developing in-cab technology for passenger and freight trains to drive efficiency and growth in the rail industry. RailVision’s EcoRail app directly reduces fuel consumption and GHG emissions through improved train handling. For more information, visit RailVision.ca.
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Lizanne McReelis
Boulevard Public Relations
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DUBLIN--(BUSINESS WIRE)--The "Norway Renewable Energy Policy Handbook, 2022 Update" report has been added to ResearchAndMarkets.com's offering.
Norway Renewable Energy Policy Handbook 2022 offers comprehensive information on major policies governing the renewable energy market in the country.
The report discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country.
The report is built using data and information sourced from industry associations, government websites, and statutory bodies.
Scope
Reasons to Buy
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/611bl4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "China Renewable Energy Policy Handbook, 2022 Update" report has been added to ResearchAndMarkets.com's offering.
China Renewable Energy Policy Handbook 2022 offers comprehensive information on major policies governing the renewable energy market in the country.
The report discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country.
The report is built using data and information sourced from industry associations, government websites, and statutory bodies.
Scope
Reasons to Buy
Key Topics Covered:
1 Renewable Energy Market, Overview
2 Renewable Energy Targets
3 Renewable Energy Law
4 International Science and Technology Co-operation Program for New and Renewable Energy
5 The 14th Five-Year Plan
6 Hydrogen Energy in China
7 Renewable Portfolio Standard (RPS)
8 Carbon Intensity Target
9 National Emission Trading Scheme (ETS)
10 Global Environment Facility (GEF) Grants
11 Subsidy-Free Solar, Wind Power Policy
12 Financial Incentives and Policy Support for Solar, China
13 Financial Incentives and Policy Support for Wind, China
14 Financial Incentives and Policy Support for Hydropower, China
15 Financial Incentives and Policy Support for Biopower, China
For more information about this report visit https://www.researchandmarkets.com/r/p1z2c8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has closed a sale of four manufacturing and distribution centers located in Texas and Louisiana. The properties will remain an integral part of FET’s operations strategy going forward. In connection with the sale, the Company entered into a long-term lease agreement. The net sales proceeds from the transaction totaled approximately $32 million.
Neal Lux, President and Chief Executive Officer, remarked, “This transaction generates value for our stakeholders at an EBITDA multiple over ten times future annual lease payments. These sale proceeds and our projected second half 2022 free cash flow represent a $60 to $70 million net debt reduction since June 30, 2022. Our capital light business model provides significant flexibility to use the sale proceeds and free cash flow generated to improve our balance sheet and fund growth opportunities.”
FET is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com.
Rob Kukla
Director Investor Relations
281.994.3763
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Using patented SOURCE® Hydropanel technology, Diageo India will for the first time in the world, use water made purely from sunlight and air in an alcoholic beverage
This initiative will help accelerate the company’s Society 2030: Spirit of Progress Plan
BENGALURU, India & SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Diageo India, the country’s leading beverage alcohol company, today announced a first-of-a-kind water stewardship initiative in partnership with SOURCE Global, PBC. The company’s SOURCE® Hydropanels, a groundbreaking technology that uses the sun to draw pure, constantly replenished water vapor out of the sky, will produce premium water for Godawan, Diageo India’s artisanal single malt whisky.
As the technology partner, SOURCE Global will build a 200-panel water farm in Alwar, Rajasthan. Initially, the installation is expected to generate 9,000 litres of water within the first six months and will further scale up to produce around 27,000 litres of water per month after a year. Because SOURCE® is drawn from the pure and constantly replenished water in the sky, the project will save groundwater. Godawan, Diageo India’s artisanal single malt whisky, produced in the warm and dry Alwar region of Rajasthan, will be the first beverage alcohol brand to use SOURCE® water.
Because SOURCE® water is locally made, it reflects the unique terroir of the region. SOURCE Hydropanels also operate off-grid and without electricity or traditional piped water infrastructure, reducing the carbon emissions associated with treating and transporting potable water.
Hina Nagarajan, MD & CEO, Diageo India, said, “We have a responsibility to grow our business sustainably from grain to glass. Last year, we set a vision and commitment to build our Society 2030 program, aligned to the United Nations’ Sustainable Development Goals. The innovative actions of our teams and partners will help us conserve groundwater considerably. Our partnership with SOURCE is aligned to the craft philosophy of born good, made good, and serve good. This is a step forward in our journey to be part of the solution in water-stressed geographies.”
“As the first company to use renewable water in an alcohol brand, Diageo India is serving the growing demand for premium, sustainable products in an incredibly unique and powerful way,” said Neil Grimmer, Brand President of SOURCE Global, PBC. “The world, especially in already water-stressed regions like Rajasthan, is now facing the harsh realities of climate change, and Diageo is leading the way toward a more secure and sustainable future. We are proud to partner with them.”
This initiative is aligned to Diageo India’s commitment towards Society 2030: Spirit of Progress Plan. The company recently released its maiden ESG Index, which highlighted the multiple initiatives undertaken by the company during the year such as creating water replenishment capacity of 4,62,182 Cu.M annually and 84,000 litres of potable drinking water per day under its Water, Sanitation and Hygiene (WASH) programme. The company is working to replenish more water than it uses in the water-stressed sites across its operating locations in India through reforestation, wetland restoration, desilting ponds and rainwater harvesting.
About Diageo India
Diageo India is the country’s leading beverage alcohol company and a subsidiary of global leader Diageo PLC. The company manufactures, sells and distributes an outstanding portfolio of premium brands such as Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Signature, The Singleton, Royal Challenge, McDowell’s No1, Smirnoff, Ketel One, Tanqueray and Captain Morgan.
Headquartered in Bengaluru, our wide footprint is supported by a committed team of over 3,145 employees, 47 manufacturing facilities across states and union territories in India, a strong distribution network and a state-of-the-art Technical Centre.
Incorporated in India as United Spirits Limited (USL), the company is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India. For more information about Diageo India, our people, our brands, and our performance, visit us at www.diageoindia.com. Visit Diageo’s global responsible drinking resource, http://www.DRINKiQ.com, for information, initiatives, and ways to share best practices.
Celebrating life, every day, everywhere.
About SOURCE Global, PBC
A Public Benefit Corporation, SOURCE Global, PBC’s mission is to make drinking water an unlimited resource. The company’s SOURCE® Hydropanels use the sun to draw pure water vapor out of the air and transform it into fresh, high-quality, perfectly mineralized drinking water. Because the company’s technology operates entirely off the grid, it is uniquely well suited to serve areas with no reliable access to safe drinking water and those with little to no infrastructure, putting the fundamental right of safe, sustainable drinking water in the hands of every person in nearly every climate and corner of the world. Unlike piped, well or bottled water, SOURCE water is produced where it’s needed and constantly measured and monitored by digital sensors in each panel. SOURCE®Hydropanels are currently serving communities, schools, hospitals, NGOs, businesses and homes across the world and SOURCE is on Fast Company’s 2020 list of most innovative social good companies. Headquartered in Scottsdale, Arizona, the company operates in more than 50 countries and on six continents. SOURCE is a registered trademark of SOURCE Global, PBC.
Rajalakshmi Azariah, Diageo India
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Intelis gFlex Features Superior Payment Flexibility, Exceptional Performance in Harsh Conditions
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#GasMeter--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the release of the Itron Intelis gFlex prepayment gas meter. The next generation meter combines Itron’s innovative ultrasonic solid state measurement technology with Itron's 30 years of experience in prepayment metering solutions. Integrated into an easy-to-deploy SaaS solution and managed through different combinations of vending channels and credit transfer options, Intelis gFlex helps utilities ensure their revenue and reduce financial exposure. The meter is now available in Europe, the Middle East and Africa (EMEA), Latin America and the Asia Pacific region.
With the Intelis gFlex, consumers prepay for the gas they consume, securing upfront revenue for utility companies. Prepayment programs can help recover over 90% of unpaid bills when combined with other payment programs, according to the Prepay Energy Working Group. The meter’s innovative design enables different payment schemes through multiple vending channels, including kiosks, Points of Sale (PoS), smartphones and online vending. Credit can be transferred using various methods, such as a NFC (near-field communication) card, an app installed onto a smartphone or with a traditional STS token via the meter numeric keypad.
In addition to improved cash conversion for utilities, the prepayment meter will help improve customer satisfaction and reduce call center volume through a consumer portal and mobile app for recharging and monitoring. Consumers can manage their budget more effectively, getting their consumption data delivered in real-time via text, mobile applications or email. Additional features such as non-disconnection period and emergency credit make the user’s life easier. For areas where prepay is not used, the Intelis still allows a flexible post-payment operating mode, keeping the benefit of revenue assurance for utilities.
Featuring embedded intelligence, the Intelis gFlex platform operates without the need of a communication network, transferring data back to the utility using NFC technology. When consumers transfer credit onto the meter, meter data is loaded onto the NFC card or mobile app and transmitted back to the utility via the vending channel (e.g., kiosk or app) when additional credit is purchased.
The meter is also designed to withstand harsh field conditions, while offering superior metrology over the entire lifetime, thus reducing the total cost of ownership of the solution. The solid-state meter requires less on-site maintenance while maintaining a higher level of accuracy over time. Combined with programmable gas supply shutoff and exceptions management features, Intelis gFlex reduces both operation and maintenance costs.
“Building on Itron’s long standing experience in prepayment metering, Itron’s Intelis gFlex offers utilities the ultimate solution for payment flexibility. The reliable, accurate metering solution optimizes cash collection and reduces bad debt at lower operational cost, helping ensure revenue while improving customer satisfaction,” said Justin Patrick, senior vice president of Device Solutions at Itron. “With embedded intelligence, the meter is truly plug-and-play, and it is built to withstand harsh installation conditions, giving utilities an easy and reliable path to revenue assurance.”
Key features of the Intelis gFlex meter include:
Availability
The Intelis gFlex meter is now available in EMEA, LAM and APAC. For more information, visit the Itron Intelis gFlex product page. For sales inquiries, go to www.itron.com/contact.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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Project awarded $8 million to fund one of the largest bidirectional school bus projects in U.S.
BELMONT, Calif.--(BUSINESS WIRE)--The Mobility House has been selected by New York City School Bus Umbrella Services (NYCSBUS) to manage electric vehicle charging and vehicle-to-grid (V2G) operations for the largest V2G school bus electrification project in the state. Awarded $8 million by New York State Energy Research and Development Authority's (NYSERDA) New York Clean Transportation Prizes program, NYCSBUS will leverage The Mobility House’s charge and energy management system, ChargePilot®, to optimize infrastructure planning and operation for 30 electric school buses deployed at the Bronx’s Zerega Avenue depot. The Mobility House’s modeling estimates NYCSBUS will save $70,000 to $160,000 annually with managed smart charging.
“We are excited to work with The Mobility House, thanks to generous funding from NYSERDA, to serve as the blueprint for how to rapidly scale school bus electrification in New York to meet the state’s ambitious goals,” said Matt Berlin, CEO of NYCSBUS. “The Mobility House is the most proven charge management provider in this space, and we appreciate their partnership in planning and implementing charging infrastructure to drive towards the electric future.”
Learnings and data from this project, gathered by The Mobility House and partners, will provide statewide resources that align with New York’s electric school bus mandate for 2035 and NYCSBUS’s goal of electrifying its 850 school buses by 2030, including the near-term support for electrification transitions at two additional school districts. Additional project partners include World Resources Institute, CALSTART, Bronx Community College, New York League of Conservation Voters and South Bronx Unite. NYCSBUS is expected to receive the first 10 electric school buses in 2023, with the next 20 electric buses to follow.
“It is an honor to partner with NYCSBUS and NYSERDA in accelerating the state’s transition to cleaner transportation. Our global charge management expertise with some of the world’s largest electric fleets will help set the standard for scalable, intelligent electric infrastructure across New York,” said The Mobility House U.S. Managing Director Gregor Hintler.
Responsible for managing all charging infrastructure at the Zerega Avenue depot, with 30 chargeports planned, The Mobility House’s ChargePilot adjusts the charging rate of electric school buses according to real-time travel schedules, as well as the local utility rates, to deliver charging at the lowest cost to the district. ChargePilot will also support the bidirectional charging operations at the site that can provide additional revenue for the district and local energy resilience once implemented.
“The electrification of our transportation services is fundamental to improving health and climate conditions and offers a key opportunity to prioritize historically underserved communities who continue to suffer disproportionately the effects of air pollution,” said Sue Gander, Director of the Electric School Bus Initiative at WRI. “The vehicle-to-grid integration aspect of this project is particularly exciting, as it will demonstrate how electric school bus batteries can strengthen energy security and community resilience.”
To learn how school districts across the country, including Stockton Unified School District, Modesto City Schools and Ocean View School District are prioritizing smart charging and energy management, visit mobilityhouse.com.
About The Mobility House
The Mobility House’s mission is to create an emissions-free energy and mobility future. Since 2009, the company has developed an expansive partner ecosystem to intelligently integrate electric vehicles into the power grid, including electric vehicle charger manufacturers, 1,000+ installation partners, 80+ energy suppliers, and automotive manufacturers ranging from Audi to Tesla. The intelligent Charging and Energy Management system ChargePilot® and underlying EV Aggregation Platform enable customers and partners to integrate electric vehicles into the grid for optimized and future proof operations. The Mobility House’s unique vendor-neutral and interoperable technology approach to smart charging and energy management has been successful at over 800 commercial installations around the world. The Mobility House has more than 250 employees across its operations in Munich, Zurich and Belmont, Calif. For more information visit mobilityhouse.com.
Christine Bennett for The Mobility House
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LONDON--(BUSINESS WIRE)--Pentair plc (NYSE: PNR), a leading provider of water treatment and sustainable solutions, announced today that it has named Tanya Hooper to its executive leadership team as Executive Vice President and Chief Human Resources Officer effective January 1, 2023. Hooper will report to John Stauch, Pentair President and CEO.
“At Pentair, we are focused on our vision to be the world’s most valued sustainable water solutions company and Tanya will be a key partner in advancing our leadership as an employer of choice,” said John Stauch, Pentair President and CEO. “Tanya has a demonstrated track record of Human Resources leadership with large multi-national businesses, and we are excited about her appointment to this role and the perspectives and experience she will bring to Pentair.”
Hooper joins Pentair from Honeywell, where she served as the Vice President of Global Talent and Corporate Human Resources. Prior to Honeywell, Tanya worked for Raytheon Technologies as the Chief Human Resources Officer & Vice President of Collins Aerospace and prior to that, for Royal Dutch Shell where she held several Human Resources Business Partner roles with increasing responsibility over time.
Hooper will fill the role being vacated by Adrian Chiu, who has been named as Executive Vice President and President of Pentair’s Water Solutions Segment effective January 1, 2023.
ABOUT PENTAIR PLC
At Pentair, we help the world sustainably move, improve, and enjoy water, life’s most essential resource. From our residential and commercial water solutions, to industrial water management and everything in between, Pentair is focused on smart, sustainable water solutions that help our planet and people thrive.
Pentair had revenue in 2021 of approximately $3.8 billion, and trades under the ticker symbol PNR. Serving customers in more than 150 countries, our approximately 11,250 global employees are living our purpose to create a better world through smart, sustainable water solutions. To learn more, visit Pentair.com.
Rebecca Osborn
Senior Manager, External Communications
Tel: 763-656-5589
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Dan Complin
Manager, Investor Relations
Tel: 763-656-5575
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CHICAGO--(BUSINESS WIRE)--Kanbrick, the long-term investment partnership focused on acquiring and building founder- and family-owned businesses, today announced the appointment of Terry McNew as Chief Executive Officer of Marine Concepts, a leading marine aftermarket platform.
McNew previously served as CEO of MasterCraft, where he meaningfully increased sales and profitability and led the company through its 2015 initial public offering. He was responsible for modernizing the company’s design and manufacturing processes. He also led notable acquisitions, including Crest and NauticStar, while also launching the Aviara brand. More recently, McNew served as CEO of Klaussner Home Furnishings.
McNew assumes the role from founder Randy Kent, who remains a partner and owner in the business and focuses on product innovation and strategic partnerships. Kent patented the technology behind Marine Concepts’ flagship brand, a semi-permanent modular system that protects boats with ease, taking the time-consuming task down to minutes.
“We’re excited to bring Terry aboard as we build a strong marine platform together,” said Kanbrick Co-Founder Tracy Britt Cool. “We’re aligned in our vision to develop the preeminent platform to better serve the needs of recreational boating enthusiasts, and it’s clear that Terry’s in-depth experience and passion for boating will help take Marine Concepts to the next stage. We’re excited to work together to continue to strengthen Marine Concepts’ reputation and deepen the loyalty among boaters that Randy and the team have earned over the last 17 years.”
In his role as CEO, McNew will oversee the day-to-day operations and the company’s long-term organic growth and acquisition strategy in close partnership with the Kanbrick team. Kanbrick acquired Marine Concepts in June 2022 to build a leading platform of marine accessory brands by investing in product, expanding into new geographies and channels, and strengthening the customer experience.
“I’m thrilled to join Marine Concepts,” McNew said. “Randy and the team have created the world’s best boat cover, and I look forward to building on its success by entering new markets, expanding our product offering, and acquiring additional high quality after-market marine products that deliver a world-class experience for boaters.”
About Kanbrick
Kanbrick is a long-term investment partnership founded by Tracy Britt Cool and Brian Humphrey based in Chicago, Illinois. Kanbrick is focused on acquiring, growing, and building great businesses and provides a long-term home for companies. Kanbrick partners closely with owners and executives, taking a hands-on approach to empower people and companies reach their full potential. For more information, visit: www.kanbrick.com.
About Marine Concepts
Marine Concepts, based in Kaiser, Missouri, is a leading designer and manufacturer of custom boat cover systems designed to reinvent the experience of covering a boat. The Company sells direct to boating enthusiasts in the aftermarket channel. Its products utilize digital measurements, customization software, and patented design systems to enable boats to be covered quickly, easily, and securely. For more information, visit: www.worldsbestboatcover.com.
Chelsea Allison
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NEW YORK--(BUSINESS WIRE)--A new report, ‘Leather’s impact on the planet,’ released by the fashion non-profit organization, Collective Fashion Justice, is the second in a new series titled ‘Under Their Skin.’ The latest report unveils never-before-shared research around the environmental harms and effects that the leather supply chain has on climate, land use, water, among other destructive impacts on our planet.
The report reveals a wealth of data and research surrounding the destruction linked to cattle skin and leather production, tanning, and product manufacturing, such as:
‘Leather’s impact on the planet’ debunks common myths made around animal leather by powerful leather trade industries and lobbyists and encourages the fashion industry and citizen consumers to look beyond green-washed claims made by certifications and brands.
Important call outs from the report include:
“The fashion industry cannot wrangle its contribution to the climate crisis and interlinked biodiversity crisis without acting on leather. The lobbying and greenwashing from the leather industry is actively preventing environmental progress in fashion, and we’re urging the industry to pay attention, set clear targets to phase leather out, and choose more responsible alternatives,” said Emma Hakansson, founding director of Collective Fashion Justice. “To give fashion its best shot at aligning with IPCC and United Nations climate and environmental targets, we must look critically at materials and move beyond both virgin fossil fuels and animal inputs which disproportionately contribute to negative impacts in the supply chain.”
The ‘Leather’s impact on the planet' report offers recommendations for a just transition away from leather production, instead using and investing in innovative leather alternative materials, in order to create a more sustainable future for fashion.
“We recognize we’re asking a lot from the industry, but the climate crisis doesn’t care what’s practical or easy for brands to do,” said Hakansson. “There is an urgent need to divest from the interconnected harms of leather production, but this just transition can be exciting, creative and innovative – an opportunity not a problem.”
The next report from the ‘Under Their Skin’ four-part series covers leather's impact on animals and is expected for release in February 2023.
Collective Fashion Justice
Collective Fashion Justice is an Australian and United States based NGO working towards a ‘total ethics fashion system’ which puts the well-being of humans, animals and the planet before profit.
For more information, please contact: USA (PDT) - Amy Hitchenor, +1 503 5757 0205, This email address is being protected from spambots. You need JavaScript enabled to view it.
Silicon Valley Veteran Paul Sells Leads ABS Affiliate to Create an Industry First Software as a Service Company
HOUSTON--(BUSINESS WIRE)--ABS today announced the launch of ABS Wavesight™, a new maritime software as a service (SaaS) company dedicated to helping shipowners and operators streamline compliance while maintaining competitive, more efficient, and sustainable operations.
Built on ABS’ 160-year legacy of maritime innovation and safety, ABS Wavesight combines the industry-leading platforms Nautical Systems™ and My Digital Fleet™, which are collectively installed on more than 5,000 vessels across the global fleet.
"ABS Wavesight stands well above other maritime software companies by uniting the expansive offerings of Nautical Systems and the innovative performance and compliance tools of My Digital Fleet into one powerful new SaaS business,” said Christopher J. Wiernicki, ABS Chairman, President, and CEO. “ABS Wavesight complements ABS’ core classification services and is an important part of our overall enterprise strategy to support our clients and the industry in the development of cleaner, smarter and safer shipping operations."
Unlike competitors, ABS Wavesight’s purpose-built, integrated solutions ensure a cohesive user experience that reduces costs, improves safety and designs out inefficiencies.
“Our vision for ABS Wavesight is to provide our clients with unmatched value through a suite of products that offer integrated solutions vs. fragmented vendor offerings, open APIs vs. closed systems that don’t share data, and a flexible architecture for easy system integration and maintenance vs. costly upgrades every few years,” said Paul Sells, ABS Wavesight CEO and President. “Our primary focus is developing software that helps clients gain more visibility into their existing operations to mitigate risk and deliver operational excellence as shipping pushes toward a new horizon.”
ABS Wavesight’s flagship products include My Digital Fleet, an AI-driven analytics and performance visualization platform, and Nautical Systems, the fleet management system that provides comprehensive tools to improve reliability and performance. ABS Wavesight builds on these capabilities by seamlessly integrating both products to offer unparalleled visibility into fleet assets and real-time insights that drive sustainable operations and reduce operational risks.
Key benefits of ABS Wavesight and its product features:
ABS Wavesight promotes strategic collaboration among industry partnerships, such as Kongsberg Digital and Sofar Ocean, with leading operators and owners, such as Capital Ship Management and Diana Shipping Services S.A., which are implementing the My Digital Fleet platform to support organizational sustainability goals.
To learn more about ABS Wavesight, visit the company’s website at www.abswavesight.com.
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About ABS Wavesight
ABS Wavesight™, an ABS-affiliated company, is a global leader in the maritime technology industry pushing to decarbonize operations at sea through digitalization. Built on the successes of ABS’ industry-leading My Digital Fleet™ and Nautical Systems platforms, ABS Wavesight provides maritime clients innovative fleet management software to improve the reliability and performance of their shipping operations. ABS Wavesight’s portfolio is comprised of best-in-class proprietary technology and third-party integrations that offer unparalleled insight into every aspect of a fleet’s operations.
About ABS
ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance and operational efficiency for marine and offshore assets.
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OneRail completes significant Series B round in turbulent market; sees unprecedented demand for last mile logistics modernization, signaling massive growth
ORLANDO, Fla.--(BUSINESS WIRE)--#finalmiledelivery--On the heels of record growth, OneRail completes a $33 million Series B funding round, co-led by Piva Capital and Arsenal Growth Equity. Shippers continue to re-evaluate last mile logistics with a more strategic eye, based on a multitude of factors, including providing a superior shipper-branded customer experience, increased dependability and delivery speed, and cost containment, while meeting sustainability objectives. Supply chain transformation has become a catalyst for competitive advantage for shippers of all types and OneRail replaces siloed legacy systems and manual processes (Excel, VRS, TMS, etc.) to leverage a virtuous cycle of transportation performance data — driving measurable improvements in affordability, dependability, speed and sustainability for its customers.
OneRail’s comprehensive last mile solution is anchored by its delivery operating system, which automates last mile logistics, intelligently selecting the right shipping mode and courier or carrier network to optimize every order. OneRail’s delivery fulfillment platform is directly connected to an unparalleled real-time connected network of nearly 10 million drivers, which is supported by its Exceptions Assist™ operations layer — a USA-based exceptions management team available 24/7 who actively get ahead of delivery issues before they occur. With an on-time delivery rate of more than 98 percent, OneRail has firmly established itself as the go-to provider for an expanding range of industries, including retailers, healthcare networks, wholesale product distributors, and construction and materials distributors alike.
“Since our Series A round in 2021, we’ve grown revenue year-over-year by 312 percent and have expanded service to over 330 U.S. cities,” said OneRail CEO and founder Bill Catania. “As the connective tissue between our customers, courier networks and consumers, our delivery fulfillment system is currently transacting over 12 million data calls per minute, producing a mountain of data which is further unlocked through this growth round of funding, helping our customers achieve greater efficiencies, new fulfillment capabilities and corporate sustainability objectives.”
OneRail will leverage this funding round to develop a multitude of new data-driven platform capabilities focused on improving the dependability, affordability, and sustainability of last mile logistics. In addition to the development of new capabilities, OneRail also intends to greatly expand its sales, marketing, and solution engineering teams to meet increased shipper demand for more efficient last mile solutions.
“OneRail is in a pivotal position to help solve last mile issues that plague companies and consumers,” said Adzmel Adznan, co-founding partner with Piva Capital. “As shifts in consumer behavior become more demanding, there is a need for dependable, affordable and sustainable fulfillment solutions, especially in the underserved segment of B2B and industrial deliveries. OneRail’s market understanding and execution is second to none — we are delighted to partner with the team, and look forward to seeing what’s next.”
One such B2B supply chain customer is American Tire Distributors (ATD). “OneRail has enabled ATD to provide our tire retailers across the U.S. with additional last mile delivery services to meet their consumers’ needs,” said Stuart Schuette, president & CEO of ATD. “As their first enterprise customer, we have enjoyed working with the OneRail team to evolve and grow their service offerings together. We are excited to continue solving the ever-changing demand and last mile delivery solutions that meet the needs of the replacement tire and automotive aftermarket industries.”
The funding builds on a successful 2022 that saw OneRail’s platform deployed from over 10,000 unique shipper locations, debut at #48 on this year’s Inc. 5000 list, and named to the FreightTech 100 for the second year in a row. OneRail’s Logistics Partner Network, a managed marketplace that seamlessly benefits shippers and courier businesses, grew by four million, up 66 percent year over year. With nearly 100 team members based in Orlando, Fla., OneRail caught the eye of Arsenal Growth Equity, also based in Orlando.
“OneRail’s growth over the past 24 months is validation of their differentiated supply chain solution for the last mile,” stated Arsenal Growth Equity Founding Partner John Trbovich. “Having invested throughout the e-commerce ecosystem, in companies such as Cart.com and Orderbot, we believe OneRail’s robust technology platform, coupled with our confidence in its team, vision and strategy, will transform the last mile logistics sector.”
Signifying the strength and confidence in OneRail’s solution, additional investors include Trimble Ventures, the corporate capital venture fund of Trimble, a global leader in construction, agriculture and transportation technologies; ATD; as well as existing investors Ironspring Ventures, Las Olas Venture Capital, Bullpen Capital, Triphammer Ventures/Alumni Ventures Group, Gaingels and Mana Ventures. The latest investment brings the company’s total funding efforts to $54.5 since announcing its Seed Round two years ago.
About OneRail
OneRail is an Orlando-based last mile transportation visibility solution providing shippers with Amazon-level dependability and speed. With a real-time connected network of 10 million drivers, OneRail finds the right vehicle for the right delivery, so shippers gain low prices and greater capacity to rapidly scale their businesses. Across retail, CPG, distribution, construction, healthcare and more, OneRail offers an exceptional last mile delivery experience with an on-time delivery rate of 98.6%, while keeping brands front and center. To learn more about OneRail, visit OneRail.com.
About Piva Capital
Piva Capital is a San Francisco-based venture capital firm investing in visionary entrepreneurs who are solving the world's critical industrial challenges with breakthrough technologies and innovative business models. For more information, visit Piva.vc, or the company’s LinkedIn and Medium profiles.
About Arsenal Growth Equity
Arsenal Growth Equity is an execution-stage private equity firm based in Florida. Founded in 1999, Arsenal invests in emerging software companies across a myriad of sectors — targeting capital efficient, high-growth businesses where they can leverage their operational and strategic network to help founders scale. For more information, visit www.arsenalgrowth.com.
About American Tire Distributors
American Tire Distributors is one of the largest independent suppliers of tires to the replacement tire market. It operates more than 115 distribution centers, serving approximately 80,000 customers across the U.S. The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. American Tire Distributors employs approximately 4,500 associates across its distribution center network. In 2022, the company was recognized as one of Forbes’ 2022 America’s Best Midsize Employers, America’s Top 100 Most Loved Workplaces by Newsweek and one of Charlotte’s Best and Brightest Companies to Work For® by the National Association for Business Resources.
Julianna Lopez
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