TORONTO--(BUSINESS WIRE)--$DMJ #carbonemissions--dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that its dealer H2 Tek LP (“H2 Tek”) has provided the following update of sales of dynaCERT’s proprietary HydraGEN™ Technology to the global mining industry:
Over the past two years, dynaCERT has received input from its dealers and customers and the larger HydraGEN™ Technology Units, the HG4C and HG6C, have been significantly modified and improved. The HG4C and HG6C Units are designed to meet the growing need and demand for improved fuel efficiency along with a significant reduction in GHG’s of resources companies, and achieve future carbon credits such as in mining, forestry and oil & gas.
Vale’s web site states, “One of Vale's' strategic pillars is to incorporate sustainability into its business by building economic, social and environmental legacies and mitigating the impacts of its operations.”
Codelco’s web site states, “We have specific goals in terms of carbon footprint, water footprint, circular economy, reduction of particulate matter, standard of tailings deposits and development of territories with social value.”
Nexa’s web site states, “The topic of climate change is very relevant to Nexa and is a fundamental part of our ESG strategy. We are currently developing innovative projects in collaboration with different partners to improve our performance in the use of clean energy, in reducing greenhouse gas emissions in operations and in the value chain.”
Arauco’s web site states, “Our presence in global markets commits us to embrace global challenges. Our leadership in the optimization of water resources, clean energy and carbon credits are just a few of our initiatives to face global change.”
Sigma’s web site states, “Our Global Strategy, which is aligned to the UN Sustainable Development Goals, has allowed us to focus over the past decade on the promotion of the sustainable development of our people, our planet and our communities.”
Joao Araujo, Partner at H2 Tek, stated, “At H2 Tek, we are committed to helping our clients complete their projects in a safe, profitable, and environmentally sustainable manner. With a focus on mining, forestry, agriculture and power generation, we are pleased to support our clients in providing the products and infrastructure that people need while reducing the environmental footprint, fuel consumption and maintenance costs for all diesel equipment. The HydraGEN™ Technology of dynaCERT helps us meet our ESG goals and will contribute as a major step forward in reducing GHG's.”
Ed Cordeiro, Director of Sales, Americas, of dynaCERT, stated, “As global diesel prices soar, dynaCERT continues to serve the mining sector in Canada and internationally, as well as the forestry industry and private sector users of internal combustion engines in the construction industry. Our products help users to achieve sustainability and reduce global Greenhouse Gas Emissions. I applaud the clients of H2 Tek for their vision and commitment to contributing to a greener planet by reducing emissions.”
About H2 Tek LP
H2 Tek LP is focused exclusively on selling and servicing dynaCERT’s HydraGEN™ Technology. H2 Tek markets to mining, diesel power generation, forestry, agriculture, for on-road and off-road applications. Together with its international partners, H2 Tek currently has market reach to more than eleven countries.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment.
Website: www.dynaCERT.com.
READER ADVISORY
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, information relating to H2 Tek LP and its clients cannot be independently verified. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it has completed the sale of its 8.16% interest in the Waha Concession in Libya in equal shares to TotalEnergies and ConocoPhillips.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information is available at www.hess.com.
Investors:
Jay Wilson
(212) 536-8940
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Media:
Lorrie Hecker
(212) 536-8250
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Funding led by Parkwalk Advisors and BGF enables CGD to deliver mass production of its GaN transistor family and contribute to the global sustainability movement.
CAMBRIDGE, England--(BUSINESS WIRE)--Cambridge GaN Devices (CGD), the fabless semiconductor company that was spun out of the renowned power device group at the Engineering Department of the University of Cambridge in 2016, has raised $19m in Series B funding. The investment was led by Parkwalk Advisors and BGF, with participation from IQ Capital, CIC, Foresight Williams Technology and Martlet Capital. The investment will enable CGD to begin mass production of its range of GaN transistors for power applications.
Dr, Giorgia Longobardi | Co-Founder & CEO, CGD “CGD is poised to become one of the leaders in enabling a sustainable world. As we move to a net-zero carbon society with rapidly increasing levels of electrification, we need clean, renewable sources of electricity and more efficient conversion methods. GaN provides the optimum conversion solution, reducing power losses by more than 50% and increasing energy conversion efficiency to above 99%. To take just one application example, if all data centres were to adopt GaN, this would save 12.4TWh of electricity per year, or 9 million tons of CO2 - the equivalent of taking 1.9 million internal combustion engines vehicles off the road for a year *. Our ICeGaN™ GaN transistors – which are now in the hands of customers at scale – are amongst the most efficient devices of their type on the market. Our devices are also the easiest for designers to use.” |
CGD has already made remarkable progress, developing new intellectual property and bringing to market its new ICeGaN™ Gallium Nitride transistor family which addresses a $50bn global power semiconductor market. The company is uniquely positioned to disrupt multiple industries such as consumer and industrial power supplies, lighting, data centres and automotive HEV/EV. CGD’s innovative and easy-to-use technology provides efficient, sustainable, and more cost-effective power solutions for electronic equipment.
As a result, CGD has gained significant global traction and attention at international conferences and in respected press. CGD is currently leading a $10m European-funded project developing GaN-based modules for low and high-power applications (GaNext); is participating in a UK supply chain initiative for PCB-embedded power systems with GaN devices (P3EP) and recently launched a project to develop highly reliable GaN power transistors and ICs to cut data centre emissions (ICeData). CGD is also focused on key partnerships with their customers focused at the datacom and automotive solutions. The company has completed its brand development, moved to new offices, and now employs over 40 staff worldwide, with more planned to support the up scaling.
Dr, Giorgia Longobardi | Co-Founder & CEO, CGD “This latest round of investment is a great recognition of our success to date, with new and existing investors confirming the strength of our technology. Since 2016, CGD has been on a mission to make greener electronics possible and to shape the future of power electronics by delivering the most efficient and easy-to-use transistors. We are thrilled to be in a position to move to mass production and global supply, delivering devices where our unique technology can have the biggest impact.” |
JOHN PEARSON | INVESTOR AT PARKWALK ADVISORS “CGD's technology can play a significant role in the global shift to net zero and it is already making an impact in real world applications. Parkwalk is delighted to be able to continue supporting the company and its impressive and growing team. We look forward to seeing the next phase in CGD's exciting growth journey.” |
IAN LANE | INVESTOR AT CIC “We are delighted to have backed Giorgia and her team in this latest round. The commercialisation of CGD’s technology comes at an important point in time, as we look for technology enabled solutions to lower power consumption across applications, as diverse as phone chargers and data centres. Cambridge (UK) is a globally important hub for semiconductor design and CGD is a great example of the innovation in the cluster.” |
ARNAUD GARNIER | BUSINESS DEVELOPMENT MANAGER AT IMEC.IC-LINK “Imec.IC-link helps companies, academia, and emerging start-ups to bring their chip-based innovations to production by providing complete ASIC solutions, including design, access to advanced ASIC foundry technologies, assembly and test and qualification services. As a Value Chain Aggregator of TSMC, we supported Cambridge GaN Devices as the first GaN customer in Europe.” |
ENDS
About Cambridge GaN Devices
Cambridge GaN Devices (CGD) is a fabless semiconductor company spun out by Prof. Florin Udrea and Dr. Giorgia Longobardi from Cambridge University in 2016 to exploit a revolutionary technology in power devices. Our mission is to shape the future of power electronics by delivering the most efficient and easy-to-use transistor. CGD designs, develops and commercialises GaN transistors and ICs enabling a radical step change in energy efficiency and compactness and is suitable for high-volume production. CGD technology is protected by a strong IP portfolio that constantly grows based on the company's leading innovation skills and ambitions. In addition to the multi-million seed fund and Series A and now B private investments, CGD has so far successfully secured four projects funded by iUK, BEIS and EU (Penta). The technical and commercial expertise of the CGD team combined with an extensive track record in the power electronics market has been fundamental in early market traction of our proprietary technology.
About Parkwalk Advisors
Parkwalk is the largest growth EIS fund manager, backing world-changing technologies emerging from the UK’s leading universities and research institutions. With over £400m of assets under management, it has invested in over 120 companies across its flagship Parkwalk Opportunities EIS Fund as well as the award-winning enterprise and innovation funds Parkwalk manages for the Universities of Cambridge, Oxford, Bristol and Imperial. Parkwalk invests in businesses creating solutions to real-world challenges, with IP-protected innovations, across a range of sectors, including life sciences, AI, quantum computing, advanced materials, genomics, cleantech, future of mobility, MedTech and big data.
About BGF
BGF was set up in 2011 and has invested £2.5 billion in nearly 400 companies, making it the most active investor in the UK. BGF is a minority, non-controlling equity partner with a patient outlook on investments, based on shared long-term goals with the management teams it backs. BGF invests in growing businesses in the UK and Ireland through its network of 16 offices. In 2018, Canada launched its equivalent – the Canadian Business Growth Fund – and in 2019, Australia did the same, both based on BGF’s funding model.
About IQ Capital
IQ Capital is a deeptech venture capital firm that invests in thought-leading founders addressing some of the largest problems in the world – across sectors, including machine learning & AI, human-machine interfaces, advanced engineering/robotics & materials, health tech & life sciences, fintech and cybersecurity.
IQ Capital’s 45+ portfolio companies are visionaries and dominate their respective markets on a global scale. Our initial investments at Seed and Series A range from £0.5m to £10m, with capacity for follow-on investment up to £30m through our Growth Fund.
About Foresight Williams
Foresight Group (“Foresight”) and Williams Advanced Engineering started their investment collaboration in 2016 with the launch of the Foresight Williams Technology EIS Fund. 2019 saw the launch of a sister fund, the Foresight Williams Technology VCT share class, which sits within the Foresight Solar & Technology VCT plc. These two funds target investment in companies where we believe Foresight’s and Williams’ expertise and services can be harnessed to assist with the development of the businesses, with the objective of achieving successful exits at high-value multiples.
About CIC
Cambridge Innovation Capital (CIC) is a leading venture investor backing and building category-leading deep tech and life sciences companies. CIC currently manages in excess of £0.5 billion and has invested in around 40 companies. CIC is a preferred investor for the University of Cambridge, Europe’s top source of founders for venture-backed start-ups.
Cambridge Innovation Capital Manager Limited (FRN:918898) is authorised and regulated by the Financial Conduct Authority. For more information, please visit http://www.cic.vc or follow us on Twitter at @CIC_vc and LinkedIn
About Martlet Capital
Martlet Capital is a Cambridge-based, seed-stage investment firm. We provide patient capital to deep tech, life science, and sustainability start-ups. We look for businesses with an entrepreneurial team, defensible technology, and outstanding growth potential. The Martlet team combines operational, business-building, and investment expertise, which enables us to provide real, hands-on support to our portfolio companies.
* Sources: Eaton, Statkraft - Data Centers and Decarbonization – Oct. 21
Andrea Bricconi, VP Business Development CGD | +49 1732410796 This email address is being protected from spambots. You need JavaScript enabled to view it.
Jeffreys Building, Suite 8, Cowley Road, Cambridge CB4 0DS
Agency: Nick Foot, BWW Communications | This email address is being protected from spambots. You need JavaScript enabled to view it. | +44-7808-362251
Fund Targets Early-Stage Deep Tech Climate Opportunities to Drive Decarbonization
NEW YORK--(BUSINESS WIRE)--Energy Impact Partners (“EIP”), a global venture capital firm investing in the transition to a net-zero carbon economy, today announced the closing of the EIP Deep Decarbonization Frontier Fund I LP (the “Frontier Fund” or the “Fund”). The Fund was oversubscribed with global investor support and closed at $485 million.
The Fund seeks to invest in revolutionary climate technologies with outsized financial prospects, focusing on companies that have achieved early technical validation but have not yet reached full maturity at scale. The Fund has already invested in 12 companies, including: Form Energy (multi-day energy storage), Nitricity (zero-carbon fertilizer), Carbon America (point-source carbon capture), Sublime Systems (electrified zero-carbon cement), Electric Hydrogen (low-cost renewable H2) and Rondo Energy (thermal storage for industrial heat).
“The challenge is both simple and daunting – the world must go from 50 gigatons of CO2e emissions per year, to net-zero by midcentury, if not sooner,” said Shayle Kann, Partner at EIP. “Our Frontier Fund is dedicated to supporting entrepreneurs who will build the foundations of that transformation and the trillions of dollars of opportunity it represents. We are thrilled to drive that future along with EIP’s team and expanding global partner ecosystem.”
Since its founding in 2015, EIP has built a collaborative model that brings together a global coalition of over 50 forward-looking corporations who are committed to decarbonize the global economy. The goal of the partnership-driven model is to identify category-leading innovators, accelerate their market adoption and drive direct revenues from EIP’s corporate LPs to portfolio companies. The platform has already enabled over 350 contracts and delivered more than $1 billion in bookings and business to a portfolio of 100+ companies.
Partner Ashwin Shashindranath, added, “We are the climate-technology specialists. Investors turn to EIP, and its ecosystem of experts, as the partner of choice in turning the global challenges of the net zero transformation into investment opportunities. We are looking at the earliest stages for solutions to climate problems and develop real pathways to commercial success, helping complete the last mile of deep decarbonization.”
Including this fund, EIP has raised over $3 billion and saw the majority of existing strategic investors commit to the Frontier Fund, adding to a diverse LP base comprised of corporates, banks, sovereign wealth funds, family offices, high net worth individuals and foundations from North America, Asia and Europe.
About Energy Impact Partners
Energy Impact Partners LP (EIP) is a global venture capital firm investing in the transition to a sustainable future. EIP brings together entrepreneurs and some of the world’s most forward-looking energy and industrial companies to advance innovation. With over $3 billion in assets under management, EIP invests globally across venture, growth, credit, and infrastructure – and has a team of over 80 professionals based in its offices in New York, San Francisco, Washington D.C., Palm Beach, London, Cologne, and Oslo. For more information on EIP, please visit www.energyimpactpartners.com.
Madison Hanlon
Prosek Partners
646.818.9012
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BROOKLYN, N.Y.--(BUSINESS WIRE)--Equinor and bp, in partnership with the Sunset Park Task Force and the New York City Economic Development Corporation (NYCEDC), will officially launch the new “Offshore Wind Ecosystem Fund” with a press conference and reception/light lunch on Tuesday, November 15th at 11:00am in Brooklyn, NY.
The $5 million clean energy fund will provide grants designed to spur job education and training, help historically marginalized communities access workforce and business opportunities, and assist small, minority-owned, women-owned, and disadvantaged business enterprises in New York City to foster innovation that contributes to the growth of the offshore wind ecosystem.
Speakers will discuss the Fund’s goal and how community organizations and businesses can apply. A reception/light lunch will be held for all attendees following the press conference.
What: |
Official Launch of the $5 Million Offshore Wind Ecosystem Fund |
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Who: |
Molly Morris, President, Equinor Wind US |
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Doreen M. Harris, President and CEO, NYSERDA |
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Esther Sosa, Sunset Park Task Force |
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Melisa Román Burch, COO of New York City Economic Development Corporation |
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When: |
Tuesday, November 15th at 11:00 AM EST* (registration begins at 10:45 AM) |
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*Press event 11:00 AM – 11:45 AM; reception/light lunch follows |
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Where: |
Brooklyn Grange, 850 3rd Avenue, Brooklyn, NY 11232 |
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Contact: |
Media should RSVP to: Paul Nathanson at This email address is being protected from spambots. You need JavaScript enabled to view it. / |
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Tel. 1- 202-828-1714 |
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Equinor is one of the largest offshore wind developers in the world. Its work in the United States includes the development of two lease areas off of New York, Empire Wind and Beacon Wind. The projects plan to provide New York State with 3.3 gigawatts (GWs) of energy—enough to power nearly two million homes—including more than 2 GWs from Empire Wind and 1,230 megawatts from Beacon Wind 1.
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202-828-1714
GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company” or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as its ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. Today, Forward announced that on Tuesday, November 15, 2022, at approximately 1:00 p.m. CST, Tom Schmitt, Chief Executive Officer, and Rebecca Garbrick, Chief Financial Officer, will participate in a fireside chat at the Stephens 24th Annual Investment Conference in Nashville, Tennessee.
Interested parties may listen to the presentation via a live webcast by clicking here. The replay of the fireside chat will be available at the Investor Relations portion of the Company’s website at www.forwardaircorp.com beginning shortly after completion and will be available for approximately 90 days after the end of the presentation.
About Forward Air Corporation
Forward Air is a leading asset-light provider of transportation services across the United States and Canada. We provide expedited less-than-truckload services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, we offer final mile services, including delivery of heavy-bulky freight, truckload brokerage services, including dedicated fleet services; and intermodal, first-and last-mile, high-value drayage services, both to and from seaports and railheads, dedicated contract and Container Freight Station warehouse and handling services. We are more than a transportation company. Forward is a single resource for your shipping needs. For more information, visit our website at www.forwardaircorp.com.
Justin Moss - Forward Air
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404.362.8933
NuScale joins energy buyers, energy suppliers, governments, investors and other organizations in committing to decarbonizing global electricity systems
PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power Corporation (NYSE: SMR) has joined the United Nations (UN) 24/7 Carbon-free Energy Compact (CEC) to advance the UN’s goal of accelerating the decarbonization of the world’s electricity systems to mitigate climate change and ensure access to clean and affordable electricity. The announcement was made as NuScale’s leaders participate at the 2022 United Nations Climate Change Conference in Sharm El-Sheikh, Egypt.
By joining the UN 24/7 Carbon-free Energy Compact, NuScale becomes a member of a global community of organizations collaborating to develop solutions that enable access to 24/7 carbon-free energy. A key principle of the CEC is the advancement of carbon-free energy technology such as NuScale’s VOYGR™ small modular reactor (SMR) power plants which can provide a source of reliable, high-capacity, and carbon-free energy while supporting a higher penetration of intermittent renewable generation sources. NuScale will also advocate for policies that support and accelerate the decarbonization movement and will encourage supply chain partners and investors to also join the UN 24/7 CEC.
“It cannot be emphasized enough - decarbonization is a global movement that requires cross-collaboration, and NuScale is proud to be part of the solution,” said John Hopkins, NuScale President and Chief Executive Officer. “NuScale is looking forward to working with CEC members to advance global decarbonization and accelerate the deployment of solutions such as our VOYGR SMR, which can meet the growing need for clean energy and energy security.”
Electricity accounts for over 30% of the world’s greenhouse gas emissions and is recognized as a critical sector that must be decarbonized to achieve net-zero goals by 2050. Meeting this challenge will require a rapid acceleration in the pace of clean energy deployment and the development of carbon-free energy technology and policy changes. By joining the CEC, NuScale illustrates that decarbonization can be found throughout the supply chain, and that NuScale small modular reactors are part of the broader solution to deep emissions reductions.
About NuScale Power
NuScale Power (NYSE: SMR) is poised to meet the diverse energy needs of customers across the world. It has developed small modular reactor (SMR) nuclear technology to supply energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. The groundbreaking NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can be scaled to meet customer needs. NuScale’s 12-module VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) power plants, as well as other configurations based on customer needs.
Founded in 2007, NuScale is headquartered in Portland, Ore., and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; and London, UK. To learn more, visit NuScale Power's website or follow us on Twitter, Facebook, LinkedIn and Instagram.
Forward Looking Statements
This release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. NuScale specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing NuScale’s assessments as of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Diane Hughes, Vice President, Marketing & Communications, NuScale Power
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(C) (503) 270-9329
TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that it has agreed to purchase five million shares of the Company’s common stock from Cyrus Capital at a price of $2.86 per share for a total of $14,300,000. The purchase price for the shares was determined based on the trailing 3 day volume weighted average price at the market closing on November 10, 2022. The closing price of OSG common stock on November 14, 2022 was $2.85. The purchase is expected to be completed today, and will be paid out of OSG’s excess cash.
Sam Norton, OSG’s President and CEO, stated, “Renewed confidence in the health of OSG’s businesses and the opportunity to repurchase, in a single transaction, five million shares of OSG stock coalesced nicely to result in the transaction announced today. The price paid in this share purchase equates to an enterprise value of roughly 4.5 times expected 2022 adjusted EBITDA, an implied valuation which we consider to be very attractive.”
Mr. Norton added, “Our expectations for OSG’s future financial performance highlight the benefits of having both our niche and conventional trading businesses healthy and profitable at the same time. Cash flows derived from the shift to profitable charters among our conventional tankers and the steady and strong earnings provided by our niche market activities are contributing – and should continue for the foreseeable future to contribute – to meaningful free cashflow. Repurchase of shares at attractive prices is but one of several options for utilizing excess cash that our Board of Directors continuously reviews and we look forward to reporting on future cash deployment opportunities in the quarters ahead.”
About Overseas Shipholding Group, Inc
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. OSG’s 23 vessel U.S. Flag fleet consists of three Suezmax crude oil tankers doing business in Alaska, two conventional ATBs, two lightering ATBs, three shuttle tankers, ten MR tankers, two non-Jones Act MR tankers that participate in the U.S. Maritime Security Program, and one tanker in cold layup. In addition, OSG also owns and operates one Marshall Islands flagged MR tanker which trades internationally.
OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in Tampa, FL. More information is available at www.osg.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts should be considered forward-looking statements, including but not limited to words such as “may”, “will”, “intends”, “plans” and similar expressions. Such forward-looking statements represent the Company’s reasonable expectations with respect to future events or circumstances based on various factors and are subject to various risks, uncertainties, and assumptions relating to the Company’s operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Undue reliance should not be placed on any forward-looking statements and, when reviewing any forward-looking statements, investors should carefully consider factors including, but not limited to, those risk factors discussed in the Company’s Annual Report on Form 10-K, filed with the SEC on March 9, 2022, and in the Company’s subsequently filed Quarterly Reports on Form 10-Q filed with the SEC. The Company assumes no obligation to update or revise any forward-looking statements except as may be required by law. Forward-looking statements in this press release and written and oral forward-looking statements attributable to the Company or its representatives after the date of this press release are qualified in their entirety by the cautionary statement contained in this paragraph and in other reports hereafter filed by the Company with the SEC.
Investor Relations & Media Contact:
Susan Allan, Overseas Shipholding Group, Inc.
(813) 209-0620
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BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium (“Piedmont” or “Company”) (Nasdaq:PLL; ASX:PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain, today announced that Sayona Quebec, owned 75% by Sayona Mining (“Sayona”) (ASX:SYA) and 25% by Piedmont, has entered into a strategic acquisition and earn-in agreement with Jourdan Resources Inc. (“Jourdan Resources” or “Jourdan”) (TSXV:JOR) for 48 claims of the Vallée Lithium Project (“Vallée”). The move will increase the land position for Sayona Quebec’s adjacent North American Lithium project (“NAL”) operation.
Under the agreement, Sayona Quebec will acquire 20 claims of Vallée outright, which will be added to NAL’s existing 19 claims on the adjacent property. Sayona Quebec can earn into a 51% equity interest in the remaining 28 claims of Vallée by making a series of staged investments, including:
In addition to the equity ownership and earn-in rights in Vallée, Sayona Quebec also acquired an approximately 9.99% ownership interest in Jourdan Resources, including a right to a seat on Jourdan’s board of directors. The agreement is subject to completion of due diligence and receipt of any necessary regulatory and exchange approvals.
Keith Phillips, President and CEO of Piedmont, said the Company is pleased that the additional claims provide an immediate expansion of the potential NAL operating area. “The claims of the Vallée Lithium Project represent the potential to extend or expand NAL operations over time. At this time, we remain focused on near-term production of spodumene concentrate as NAL advances toward the restart target of H1 2023.”
Commercial shipments of spodumene concentrate from NAL could begin as early as Q3 2023, providing Piedmont with revenue generation from the operation as well as product sales through Piedmont’s offtake agreement. The Company holds an offtake agreement for the greater of 113,000 tons per year or 50% of spodumene concentrate production at a ceiling price of US$900 per metric ton on a life-of-mine basis.
The statements in the link below were prepared by, and made by, Sayona Mining. The following disclosures are not statements of Piedmont and have not been independently verified by Piedmont. Sayona Mining is not subject to U.S. reporting requirements or obligations, and investors are cautioned not to put undue reliance on these statements. Sayona Mining’s original announcement can be found here.
About Piedmont Lithium
Piedmont Lithium (Nasdaq:PLL; ASX:PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX:SYA) and in Ghana with Atlantic Lithium (AIM:ALL; ASX:A11). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, follow us on Twitter @PiedmontLithium and visit www.piedmontlithium.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, and construction activities of Sayona Mining and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont or Sayona Mining will be unable to commercially extract mineral deposits, (ii) that Piedmont’s or Sayona Mining’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Mining, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this press release and actual events, results, performance, and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this press release. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.
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New Project Expected to be Completed in Second Half of 2024 and to Produce 35 Million Cubic Feet of RNG Annually
WYOMISSING, Pa.--(BUSINESS WIRE)--#CGV--UGI Corporation (NYSE: UGI) announced today that Cayuga RNG has entered into an agreement to develop its fifth project to produce renewable natural gas (“RNG”) in upstate New York. Cayuga RNG is a joint venture of UGI Energy Services, LLC (“UGIES”), a subsidiary of UGI, and Global Common Ventures, LLC (“GCV”).
"We are excited to partner with Global Common and UGI to revitalize our digester and create renewable energy,” said Sarah Head, of New Hope. “We feel it is a huge benefit to our farm, community and environment to lower our emissions while creating sustainable energy. It is the future of our industry as well as our energy production."
This new project will be constructed at New Hope View Farms, LLC (“New Hope”), which is located in Cortland County in upstate New York. The project will modify an existing anaerobic biogas facility to generate RNG. The proposed project is expected to be completed in the second half of 2024 and include the construction of gas upgrading equipment at the existing facility. Once completed, the project is expected to produce approximately 35 million cubic feet of RNG annually that will be delivered to a local natural gas pipeline serving the regional distribution system. UGIES’ subsidiary, GHI Energy, will be the exclusive marketer for Cayuga RNG.
“RNG continues to be a key platform for growth at UGI and we are excited to partner with New Hope to expand our RNG business in New York, where we just celebrated our first project being placed in service last month,” said Robert F. Beard, Executive Vice President - Natural Gas, UGI.
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States and California and internationally in France, Belgium, and the Netherlands.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
About GCV
GCV designs, develops, owns and operates various energy projects, including utility scale power plants, renewable fuels projects, microgrids, and on-site generation projects. GCV establishes Strategic Energy Partnerships with our clients to design and implement energy projects that meet their business objectives. GCV has a broad range of experience in all aspects of energy project design, development and financing. GCV has performed innovative feasibility studies and project design; negotiated project agreements needed to enable financing, including complex power purchase agreements (PPAs); engineering, procurement, and construction (EPC) contracts; fuel supply agreements; and secured complex environmental permits in challenging regulatory environments. GCV also has extensive experience developing financial models and securing project financing.
Comprehensive information about GCV is available on the Internet at http://globalcommon.com/
About New Hope
New Hope is a fifth generation dairy farm. The current generation of the family, Gaelen Head, Trevor Head, Sarah Head and husband Andrew Burback manage 1500 cows and 1300 heifers on 2400 acres of ground. They farm with their elder partners, Bill, Leonard and Rodger Head. The farm is located in Homer NY. It was purchased in 2006 as a satellite facility to the original home farm on the west side of Skaneateles Lake in New Hope, NY. They have since moved operations to this location in Homer and have grown the business to what it is today. New Hope still grows crops on the original home farm. The RNG project with UGI is a perfect partnership to utilize the current digester, create RNG, and help facilitate sustainability for the farm.
Investor Relations
610-337-1000
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Arnab Mukherjee, ext. 7498
DUBLIN--(BUSINESS WIRE)--The "Canada Wind Power Market Size and Trends by Installed Capacity, Generation and Technology, Regulations, Power Plants, Key Players and Forecast, 2022-2035" report has been added to ResearchAndMarkets.com's offering.
'Canada Wind Power Market report offers comprehensive information and understanding of the wind power market in Canada
The report discusses the renewable power market in the country and provides forecasts up to 2035. The report highlights installed capacity and power generation trends from 2010 to 2035 in the country's wind power market. A detailed coverage of renewable energy policy framework governing the market is provided in the report.
The report also provides company snapshots of some of the major market participants.
Scope
Reasons to Buy
Key Topics Covered:
1. Introduction
1.1 Carbon Dioxide Emissions, Global, 2001-2021
1.2 Primary Energy Consumption, Global, 2001-2021
1.3 Report Guidance
2. Renewable Power Market, Canada
2.1 Renewable Power Market, Canada, Installed Capacity, 2010-2035
2.2 Renewable Power Market, Canada, Power Generation, 2010-2035
3. Wind Power Market, Canada
3.1 Wind Power Market, Canada, Installed Capacity, 2010-2035
3.2 Wind Power Market, Canada, Power Generation, 2010-2035
3.3 Wind Power Market, Canada, Market Size, 2010-2030
3.4 Wind Power Market, Canada, Power Plants
3.5 Wind Power Market, Canada, Turbine Market, 2012-2026
3.6 Wind Power Market, Canada, Deal Analysis, 2021
4. Renewable Energy Policy Framework, Canada
4.1 Renewable Energy Market, Canada, Overview
4.2 Federal Programs, Canada
4.3 Renewable Energy Policy Framework, Alberta
4.4 Renewable Energy Policy Framework, British Columbia
4.5 Renewable Energy Policy Framework, Manitoba
4.6 Renewable Energy Policy Framework, New Brunswick (NB)
4.7 Renewable Energy Policy Framework, Newfoundland and Labrador
4.8 Renewable Energy Policy Framework, Northwest Territories (NWT)
4.9 Renewable Energy Policy Framework, Nova Scotia
4.10 Renewable Energy Policy Framework, Ontario
4.11 Renewable Energy Policy Framework, Prince Edward Island (PEI)
4.12 Renewable Energy Policy Framework, Quebec
4.13 Renewable Energy Policy Framework, Saskatchewan
5. Wind Power Market, Canada, Company Profiles
5.1 TransAlta Corp
5.2 Saskatchewan Power Corp
5.3 Hydro-Quebec
5.4 AltaGas Ltd
5.5 Algonquin Power & Utilities Corp
6. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/g1oreb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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-Notable Investors including NGP, Segue Infra, Fifth Wall, Broadscale and Alpaca Provide Growth Capital
-Company Welcomes Former GE, PG&E and ChargePoint Execs to Support Expanding “Grid-Ready” Portfolio
SAN FRANCISCO--(BUSINESS WIRE)--EV Realty, Inc. (“EV Realty”), an EV infrastructure development platform purpose-built to maximize electric power availability for critical commercial fleets, today announced that it secured a $28 million investment from leading energy transition investors and expanded its executive team. Enabled by its founders’ decades of relevant leadership experience and unique understanding of the electric grid, renewable energy and the challenges facing commercial fleet operators, EV Realty is developing grid-scale charging infrastructure designed for fleet customers at strategically sited “powered-properties” in key commerce hubs and along last-mile routes.
According to a 2020 report from the Brattle Group, an estimated $125 billion investment in grid updates and infrastructure is required by 2030 to support EV deployment. Against this backdrop of a constrained grid, EV Realty is focused on identifying and developing a portfolio of near-term, grid-ready charging depot projects that will power critical commercial operations, including delivery, utility, telecom, vocational and other light and medium-duty fleets. To support its expanding development portfolio, EV Realty recently raised institutional capital from NGP ETP, the energy transition investing platform of NGP, and Segue Sustainable Infrastructure, with participation from Fifth Wall, Broadscale Group and Alpaca.
“We’re excited to partner with EV Realty as they are the first company to bring together a diverse executive team and investor group with experience from mobility, power, and real estate to support commercial fleet customers’ transition to electric vehicles,” said Greg Lyons, Principal at NGP. “NGP has been at the forefront of backing innovative companies tackling the energy transition and we look forward to supporting the EV Realty team as they create this new real estate and infrastructure asset class and develop scalable, high-use charging projects within the constraints of the electric grid.”
EV Realty recently welcomed three key executives to its leadership team: Jim Ludovico as Chief Customer Officer; Suncheth Bhat as Chief Business Officer; and Shana Patadia as Senior Director of Business Development. Ludovico joins as a GE leadership veteran and the former Managing Director of the Western U.S. for Element Fleet Management, where he delivered hundreds of thousands of fleet vehicles to key global accounts in the last-mile delivery, telecom services and oilfield services sectors. In his previous role, Bhat served as the Director of Clean Energy Transportation for northern California utility Pacific Gas and Electric where he led the utility’s EV strategy and programs, including the installation of 240 light, medium, and heavy-duty charging infrastructure projects across 80 cities. Patadia joins from ChargePoint where she was the Director of Emerging Technologies, Business Development, overseeing EV fleet partnerships for ride-share, rental car and autonomous vehicle customers.
“The electrification of the transportation sector is an enormous opportunity to transform society by significantly reducing greenhouse gas emissions,” said Suncheth Bhat, Chief Business Officer of EV Realty. “The grid is central in this transition and understanding how to effectively collaborate with utilities is essential in supporting our customers’ efforts to decarbonize their fleet operations and realize fuel savings.”
“Our expanded leadership team represents the best in class from renewables to grid management and mobility to electrification,” said Patrick Sullivan, CEO of EV Realty. “Through our collective experience we understand how to develop, finance and build clean infrastructure at scale, optimized for the built electrical distribution system and working with utilities as long-term partners. The electric grid in the U.S. was never designed to be the fuel source for 50 million, let alone 300 million vehicles. Powered property is already hard to come by, and as our customers transition to EV fleets, our grid-ready depots will enable a turnkey, scalable charging solution for them.”
EV Realty was founded in September 2021 by executives who have collectively built nearly 9 GW of renewable energy projects across the U.S. in the last 15 years. Sullivan, formerly head of development at Clearway Energy Group, teamed up with Sean Kiernan (formerly of 8minute, Engie, and SunEdison) and Wyatt Toolson (formerly of First Solar and Chevron) to apply financial expertise, development discipline and scale economies gained from the rapid deployment of grid-connected wind, solar and battery energy storage to the emerging challenge of electrifying 50 million vehicles by 2030. Drawing upon their understanding of the grid and experience working with utilities to cost-competitively feed renewable power onto the system, the team turned to the inverse challenge of supporting the electric load requirements of large EV fleets where power is currently available.
For more information about EV Realty, please visit www.evrealtyus.com.
About EV Realty
EV Realty develops, deploys and owns charging infrastructure critical to electrifying commercial fleets in the U.S at scale. The company accelerates the adoption of large EV fleets by focusing on the fundamental constraint all electric fleets face: low-cost, reliable and expandable access to grid-scale power. EV Realty is developing a network of grid-optimized, large-scale EV charging hubs for delivery, logistics, services and vocational fleet customers. EV Realty’s depots serve multiple commercial fleets in secure, high-power locations with guaranteed charging access and availability, and are located proximate to major logistics corridors within last-mile delivery/duty range of urban population centers. By aggregating multiple fleets with shared private infrastructure in grid-ready locations, EV Realty depots reduce upfront and recurring costs for fleets, optimize charging times and provide high utilization rates. For more information about EV Realty, please visit www.evrealtyus.com.
Media
Brad Carl
Silverline Communications
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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today that it has been selected to provide program management for San Diego Gas & Electric’s (SDG&E) Strategic Undergrounding Program that aims to reduce wildfire risk and improve electric safety and reliability during extreme weather conditions by burying power lines in key locations. In this role, AECOM will provide project management services in support of SDG&E’s wildfire mitigation and public safety power shutoff risk reduction efforts.
“We are pleased to help SDG&E achieve its goals of increasing public safety and grid resiliency, particularly as it relates to reducing the number and impact of public safety power shutoffs for customers,” said Drew Jeter, chief executive of AECOM’s global Program Management business. “We understand the essential need for investments in technology and energy infrastructure to mitigate impacts of climate change and the threat of wildfires, which is now year-round. SDG&E is already an industry leader in wildfire resiliency and we’re proud to be a part of providing innovative solutions, grounded in technical acumen and scientific principles, to support this essential work for the community.”
AECOM will be accelerating the pace and scope of the undergrounding program, helping to minimize community disruption and improve efficiencies by implementing sustainable solutions and innovative approaches to pre-construction and construction activities, leveraging our global experience with energy companies.
“We are honored to play a part in expanding the Strategic Undergrounding Program’s ability to convert hundreds of miles of overhead electric lines over the next decade and to assist SDG&E with its long-term goals and program management challenges,” said Frank Sweet, chief executive of AECOM’s global Environment business. “We look forward to seeing the continued profound impact this program will have in bettering the community and environment in San Diego for generations to come.”
About AECOM
AECOM is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.1 billion in fiscal year 2022. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the COVID-19 coronavirus pandemic, economic instability and market volatility, including the reaction of governments such as any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the expected benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any contingent purchase price adjustments from those transactions could be unfavorable and result in lower aggregate cash proceeds and any future proceeds owed to us under those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Media:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
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Investor:
Will Gabrielski
Senior Vice President, Finance, Treasurer
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Secure Data Management, Visualization, Collaboration
AUSTIN, Texas--(BUSINESS WIRE)--Terradepth has announced the official launch of Absolute Ocean (AO), a secure easy-to-use cloud-based geospatial solution providing high-level visualization, analysis, collaboration, and management of all marine data. In addition to offering Absolute Ocean as a software-as-a-service solution, Terradepth leverages the platform to deliver its own marine survey products – including Autonomous Underwater Vehicle (AUV) data – as well as those of third-party ocean data vendors.
Terradepth, a provider of seafloor hydrographic and geophysical survey solutions, developed Absolute Ocean to deliver greater operational efficiencies in marine data delivery and collaboration. Absolute Ocean has been available in beta since early 2022 with several early adopters exercising its functionality. Currently, the solution is being used for projects ranging from environmental monitoring and construction engineering to offshore energy production and telecommunications infrastructure inspection.
“Absolute Ocean breaks open the data silos that have traditionally impeded access to, and collaboration on, vital ocean information,” said Joe Wolfel, CEO of Terradepth. “This fully integrated platform allows marine organizations to manage and archive all of their data sets in one place for enterprise-wide access and global collaboration.”
Absolute Ocean is intuitive, enabling multiple stakeholders, most of whom did not previously have easy access to this data, the ability to easily manage, view, analyze and deliver ocean geospatial information. Absolute Ocean addresses the need for a unified 3D geospatial data platform for secure enterprise-wide data sharing and visualization, as well as regulatory compliance.
“Terradepth’s Absolute Ocean revolutionizes ocean data management,” said Damon Wolfe, President of ECHO81, a premier supplier of underwater survey technology and Terradepth reseller based in Hartwell, Ga. “This easy-to-use interactive interface offers a long-needed solution to managing complex maritime data sets.”
Users can easily and securely upload geospatial data in any format into the secure cloud database directly from Absolute Ocean’s web browser interface. They can then query and visualize the data and perform geospatial analysis. Users can also generate and send hyperlinks that allow other stakeholders to see the exact view and projection on screen for easy collaboration.
A powerful geospatial engine enables users to view marine data and the base map data sets in 2D and 3D, from a variety of perspectives, scales, and viewing angles. Linear distances, profile measurements, and areas of subsurface features can be measured. Data sets can be viewed by themselves, overlaid on each other or with third party base maps, such as NOAA’s Electronic Nautical Charts (ENCs), for analysis.
For hydrographic surveying companies, the platform offers a way to differentiate themselves from competitors through more effective data delivery to their customers.
“The ability to quickly and easily analyze geospatial information helps our surveyors, data processors and project managers make more well-informed data-driven decisions, saving time and resources,” said William Jenkins, S.T. Hudson Engineers’ Vice President.
As one early adopter learned, it can also give customers near real-time access to valuable data.
“We are thrilled with how AO helps us achieve our customer’s goal of mapping the Great Lakes more quickly and efficiently and provide visualized data close to real-time,” says Derek Niles, President and Founder of Orange Force.
Terradepth has populated Absolute Ocean with thousands of publicly available data sets, including side-scan sonar, synthetic aperture sonar, magnetometer grids, multibeam bathymetry, LiDAR, and satellite imagery. Access to pre-loaded data and advanced functionality will be available through a graduated subscription pricing structure.
In addition, the platform serves as a storefront where customers can purchase commercial products from third parties, such as satellite-derived bathymetry from TCarta of Denver.
“The marine industry has been waiting for a solution like this,” said Kyle Goodrich, TCarta President & Founder. "AO gives us a secure and efficient way to instantly deliver updates, visualized files, and raw data to our clients, allowing them to view data and collaborate much more quickly than traditional practices.”
To request a demonstration of Absolute Ocean or learn more about Terradepth, go to terradepth.com.
About Terradepth
Terradepth is an ocean data-as-a-service company focused on scaling ocean data collection and dissemination, enabling unprecedented exploration of the underwater environment. This is accomplished by environmentally friendly survey and monitoring operations that collect ocean data at the edge, combined with an immersive, browser-based geospatial portal for ocean data visualization, management and analysis. These capabilities enable better decision-making about the ocean.
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LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced that the Company will present at the J.P. Morgan 2022 Ultimate Services Investor Conference in New York, NY on Thursday, November 17, 2022 at 4:15 p.m. Eastern Time (1:15 p.m. Pacific Time). Prior to Montrose’s attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investors section of its website.
A live audio webcast will be available at the time of the event and may be accessed through the Investors section of the Company’s website at https://investors.montrose-env.com. A replay of the audio webcast will be available after the event.
About Montrose
Montrose is a leading environmental solutions company focused on supporting commercial and government organizations as they deal with the challenges of today, and prepare for what’s coming tomorrow. With 2,500+ employees across more than 80 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.
Investor Relations:
Rodny Nacier
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CALGARY, Alberta--(BUSINESS WIRE)--#ESG--Orennia Inc. (Orennia), a leading technology platform that provides data, analytics and insights to key players in the energy transition sector, announces one of its newest partnerships with cutting-edge energy storage integrator FlexGen.
FlexGen and Orennia were first connected from an industry-leading research report that Orennia published highlighting top-performing battery storage assets. FlexGen will deploy Orennia’s proprietary analytics to improve its market intelligence on developer strategies, allowing its clients to perform better in the complex and rapidly changing battery storage market. FlexGen’s strategy, which focuses on bringing the most robust controls and energy storage capabilities to power markets across the US, aligns with Orennia’s mission to accelerate the energy transition by helping our clients increase investment returns.
Orennia provides an all-in-one platform to help sophisticated investors in the energy transition, renewables and decarbonization sectors uncover and execute on the best investment opportunities. Orennia continues to expand its market presence among asset owners, operators, project developers, and capital providers - giving them capability to outcompete their peers.
“We are excited to be working with such a forward-thinking and innovative company like FlexGen,” said Brook Papau, chief executive officer of Orennia. “Our platform is designed to help companies identify unique insights to make more efficient capital allocation decisions. We are looking forward to supporting FlexGen as they continue to grow their strong market position.”
“Partnering with Orennia and having access to their analytics in the battery storage market across the US provides the FlexGen team with the unique insights we need as we ramp up our go-to-market strategy,” said Yann Brandt, chief commercial officer of FlexGen. “Leveraging their platform and seeing performance across existing energy storage assets highlights the track record that FlexGen has and increases our competitive advantage in the battery storage space.”
About Orennia Inc.
Orennia provides trusted commercial analytics to help inform investment and capital allocation decisions for energy transition spaces. Orennia’s insights, curated by highly experienced industry experts, help capital allocators in power and renewable, decarbonization and energy transition sectors make confident investment decisions and accelerate their time-to-value. To learn more, visit www.orennia.com.
About FlexGen
Based in Durham, N.C., FlexGen is a leading integration services and software technology provider for energy storage solutions in the United States and globally. FlexGen designs and integrates storage solutions and the software platform that is enabling today’s energy transition. Leveraging its best-in-class energy management software and power electronics, FlexGen delivers utility-scale storage projects integrated with traditional and renewable power generation globally. Our clients and partners include the most technically and commercially demanding developers, utilities, cooperatives, government agencies and industrial companies in the world. To learn more, please visit www.flexgen.com.
Christina Hong, Aspectus Group
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DUBLIN--(BUSINESS WIRE)--The "Biogas Plant Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
The global biogas plant market is expected to grow at a CAGR of around 9.5% during 2022-2028. This report on global biogas plant market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape.
The report presents a clear picture of the global biogas plant market by segmenting the market based on plant type, feedstock, digestor type, application, source, and region. Also, detailed profiles of companies operating in the biogas plant market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
Market Challenges
Historical & Forecast Period
Market by Plant Type
Market by Feedstock
Market by Digestor Type
Market by Application
Market by Source
Market by Region
Key Topics Covered:
1. Preface
2. Key Insights
3. Global Biogas Plant Market
4. Global Biogas Plant Market Analysis
5. Global Biogas Plant Market by Plant Type
6. Global Biogas Plant Market by Feedstock
7. Global Biogas Plant Market by Digestor Type
8. Global Biogas Plant Market by Application
9. Global Biogas Plant Market by Source
10. Global Biogas Plant Market by Region
11. SWOT Analysis
12. Porter's Five Forces
13. Market Value Chain Analysis
14. Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/f0issl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Operational support services to optimize oil and gas production efficiency, reduce energy consumption and emissions
STAVANGER, Norway--(BUSINESS WIRE)--Emerson (NYSE: EMR), a global software and engineering leader, has signed a five-year framework agreement with Equinor to provide operational support services to ensure continued safe and optimized oil and gas production from its pioneering Martin Linge platform in the Norwegian North Sea. The service agreement, which includes options for three additional five-year periods, covers maintenance and upgrades of the control technology, software and instrumentation. These technologies are helping to accelerate carbon-efficient production and empower remote operation from onshore for increased worker safety and reduced operating costs.
Martin Linge is a significant development for Norwegian oil and gas production, with expected recoverable resources of around 260 million barrels of oil equivalent. Emerson’s technology, project expertise and global resources were crucial in helping achieve first oil safely, and with the award of this service contract, Equinor gains continued support to optimize production, reduce energy consumption and emissions, and maximize the potential of the Martin Linge development.
Martin Linge, situated 42 kilometres west of Oseberg, was the first platform on the Norwegian continental shelf to be started up from shore. The 63 billion Norwegian krone (USD 7.3 billion) mega-project includes a production platform and a permanently anchored floating storage and offloading (FSO) vessel. These facilities are powered from onshore via the world’s longest alternating-current sea cable, helping to reduce CO2 emissions by 200,000 tonnes per year. Oil is processed on the FSO vessel before being transported in shuttle tankers to the global market, while gas is transported via pipeline to St. Fergus, Scotland.
“With proven automation technologies, collaborative work practices and extensive experience, Emerson is the ideal choice for a trusted partner on energy industry projects of this scale and magnitude,” said Mark Bulanda, executive president of Emerson’s Automation Solutions business. “With this service agreement, we look forward to helping Equinor achieve continued safe and carbon efficient production.”
The award of the service agreement follows Emerson’s implementation of a complete automation solution for the project, which incorporates the company’s DeltaV™ distributed control system; advanced wired and wireless measurement instrumentation; critical control, emergency shutdown and isolation valves; metering technology and asset management software. This technology enables both the platform and the FSO vessel to be mainly operated from an onshore control room in Stavanger, with offshore operators able to access the control system interface via mobile handheld devices, resulting in increased worker flexibility and efficiency. Controlling the production facilities in this manner enables three shifts of operators to work from onshore rather than offshore, reducing risk to personnel and minimizing costs.
Emerson’s cloud engineering services and digital twin technology, played a crucial role in the successful delivery of the project and first oil being safely achieved. The company’s Remote Virtual Office (RVO) platform enabled project personnel around the world to collaborate securely in a virtual engineering, commissioning and testing environment, regardless of their location. This not only reduced travel requirements – which was vital due to COVID-19 restrictions – but also had a significant impact on project schedule, risk and costs. Emerson’s digital twin technology also enabled significant project and operational benefits such as streamlining commissioning of the control system, helping Equinor train its operators to experience real-life scenarios before the control system went live, and make continued improvements that help to optimize production, and reduce energy consumption and emissions.
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About Emerson
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world’s most essential industries. Emerson is an automation leader that helps process, hybrid and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals through its unmatched automation portfolio, including its majority stake in AspenTech. For more information, visit Emerson.com.
For Emerson
Denise Clarke
512-587-5879
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) announced today that it will host investor one-on-one meetings at the RBC Capital Markets Midstream and Energy Infrastructure Conference on Wednesday, November 16 and Thursday, November 17, 2022 in Dallas, Texas. The latest investor deck of slides, which may be used to facilitate investor meetings, is accessible on the Enterprise website.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage, and marine terminals and related services; and a marine transportation business that operates on key United States inland and intracoastal waterway systems. The partnership’s assets include more than 50,000 miles of pipelines; over 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 Bcf of natural gas storage capacity.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745, This email address is being protected from spambots. You need JavaScript enabled to view it.
Rick Rainey, Media Relations, (713) 381-3635, This email address is being protected from spambots. You need JavaScript enabled to view it.
Latest version of aspenONE® helps customers achieve new levels of efficiencies while accelerating progress toward Net Zero goals
BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced the availability of its latest aspenONE® software release, V14. The new release delivers advanced intelligence and guidance capabilities that improve decision-making abilities and further boost operational excellence. In addition, V14 enables customers to accelerate sustainability projects with more than 100 sample models and to manage Scope 1 and 2 emissions for reducing carbon footprints.
“It’s a critical time for companies to optimize efficiency and sustainability across their operations,” said David Arbeitel, Senior Vice President of Products at AspenTech. “Our customers are uniquely positioned to support the dual challenge of meeting the increasing demand from a growing population in a more sustainable way. The new capabilities in V14 will help customers streamline progress toward sustainability goals and operational excellence for stronger business outcomes.”
Accelerate Progress Toward Net Zero Goals
aspenONE V14 includes more than 100 sustainability sample models to jumpstart progress in the areas of emissions management, hydrogen economy, carbon capture, materials circularity, bio-based feedstocks and renewable energy. V14 automates CO2 emissions data collection from multiple sources for decarbonization compliance/reporting and enables customers to model these emissions in operations to achieve sustainability targets.
Achieve New Levels of Operational Excellence
A key value delivered by the V14 release is enhanced operational decision-making. With two new offerings – Aspen Virtual Advisor (AVA) for DMC3 and Aspen Unified Reconciliation and Accounting (AURA) – plus new capabilities and multiple enhanced integrations between existing solutions, the new release provides actionable guidance/real-time augmented intelligence and prioritizes anomaly and failure alerts based on severity and operational risk. In addition, V14 minimizes material losses with fast, efficient mass and volume balance and evaluates planned downtime options to enable better decisions that minimize impact on production and order commitments.
Industry Analyst Perspective
"AspenTech’s new release of V14 shows a commitment to innovation with new software to accelerate customers’ sustainability programs,” said Peter Reynolds, Principal Analyst, ARC Advisory Group. “With progress to further unify planning, scheduling, production accounting and maintenance functions, users can break down silos and extract more value from software. AspenTech is demonstrating industry leadership by adding unique AI capabilities with the application of cognitive analytics to address age-old issues with knowledge transfer and operator acceptance of systems like Advanced Process Control."
The newest release of aspenONE V14 software is currently available. To learn about all new products and capabilities, visit our release page.
About AspenTech
Aspen Technology, Inc. (NASDAQ: AZPN) is a global software leader helping industries at the forefront of the world’s dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle. Through our unique combination of deep domain expertise and innovation, customers in capital-intensive industries can run their assets safer, greener, longer and faster to improve their operational excellence. To learn more, visit AspenTech.com.
© 2022 Aspen Technology, Inc., AspenTech, aspenONE® and the Aspen leaf logo are trademarks of Aspen Technology, Inc. All rights reserved.
Media Contact
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AspenTech
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