• GAAP Net Loss of ($188) million and Adjusted EBITDA (non-GAAP) of $592 million for the third quarter of 2022
• Narrowing guidance range for full year 2022 Adjusted EBITDA (non-GAAP) from $2,350 million - $2,750 million to $2,450 million - $2,650 million
• Inflation Reduction Act signed into law, a recognition from Federal policymakers of the importance of nuclear energy in fighting the climate crisis
• Our issuer credit rating upgraded by Standard & Poor’s (S&P) from BBB- to BBB while maintaining positive outlook, reflecting view that the business risk profile has and will continue to improve
• Notified the Nuclear Regulatory Commission (NRC) of our intent to seek license renewals for our Clinton and Dresden units
• Published our first Sustainability Report detailing our strategy to lead the clean energy transition
• Executed agreement with City of Chicago supporting 300 MW of renewables development and helping Chicago to become one of the largest U.S. cities to commit to clean energy

BALTIMORE--(BUSINESS WIRE)--Constellation Energy Corporation (Nasdaq: CEG) today reported its financial results for the third quarter of 2022.

“We reported solid quarterly financial and operational results, and our long-term outlook has strengthened significantly with passage of the landmark Inflation Reduction Act, which will allow us to create value and drive America’s clean energy transition,” said Joe Dominguez, president and CEO of Constellation. “Support for carbon-free energy in the legislation creates opportunities for us to extend the life of our nuclear fleet past mid-century and pursue hydrogen production to slash emissions from difficult-to-decarbonize sectors of the economy. Now there are both state and federal policies that recognize the essential role our zero-carbon nuclear assets must play in achieving our nation’s climate goals, preserving jobs and ensuring a secure energy supply.”

“The commercial business continues to post better-than-expected results, and our nuclear fleet remains the most reliable and cost-efficient in the business despite unplanned outages during the quarter,” said Dan Eggers, chief financial officer of Constellation. “S&P upgraded our credit rating to BBB due to our strong balance sheet and the clear support for carbon-free energy in the IRA. Adjusted third-quarter EBITDA of $592 million was in line with our expectations, and we are narrowing our full-year EBITDA range to $2.45 billion to $2.65 billion.”

Third Quarter 2022

Our GAAP Net Loss for the third quarter of 2022 was ($188) million, down from $607 million GAAP Net Income in the third quarter of 2021. Adjusted EBITDA (non-GAAP) for the third quarter of 2022 decreased to $592 million from $967 million in the third quarter of 2021. For the reconciliations of GAAP Net (Loss) Income to Adjusted EBITDA (non-GAAP), refer to the tables beginning on page 3.

Adjusted EBITDA (non-GAAP) in the third quarter of 2022 primarily reflects:

• Decreased capacity revenues, increased labor, contracting and material costs and the absence of gains on CTV investments realized in the prior year.

Recent Developments and Third Quarter Highlights

• Inflation Reduction Act Signed into Law: On Aug. 16, 2022, Congress passed and President Biden signed into law the Inflation Reduction Act of 2022, which, among other things, includes federal tax credits, certain of which are transferable or fully refundable, for clean energy technologies including existing nuclear plants and hydrogen production facilities. The Nuclear Production Tax Credit (PTC) recognizes the contributions of carbon-free nuclear power by providing a federal tax credit of up to $15/MWh, subject to phase-out, beginning in 2024 and continuing through 2032. The Hydrogen PTC provides a 10-year federal tax credit of up to $3/kilogram for clean hydrogen produced after 2022 from facilities that begin construction prior to 2033. Both the Nuclear and Hydrogen PTCs include adjustments for inflation. The Hydrogen PTC creates additional opportunities for our nuclear fleet to enable decarbonization of other industries through the production of clean hydrogen. With this policy support, we expect that many of our nuclear assets will operate through the end of the Nuclear PTC period.
• Our issuer credit rating upgraded to BBB with positive outlook: On Oct. 13, 2022, S&P rating services raised our issuer credit rating (ICR) to ‘BBB’ from ‘BBB-’, reflecting S&P’s view of a material improvement in our business risk profile. S&P cited the passage of the Inflation Reduction Act of 2022 as a material credit positive for us. In S&P’s view, the nuclear production tax credits in the legislation provide long-term visibility into the cash flows for our nuclear fleet and benefit potential future hydrogen production.
• Seeking license renewals for Clinton and Dresden Nuclear Power Plants: On Oct. 31, 2022, we announced our intent to seek renewal of the operating licenses for our Clinton and Dresden nuclear power plants. These renewals, if granted, would allow the plants to operate for an additional 20 years. Clinton could operate until 2047 and Dresden could operate until 2049 (Unit 2) and 2051 (Unit 3). The continued operation of the two zero-carbon plants is enabled by state and federal legislation that recognizes the unique environmental and economic value of nuclear energy.
• Published our first Sustainability Report detailing our strategy to lead the clean energy transition and fight the climate crisis: On Sept. 7, 2022, we released our first sustainability report, highlighting our efforts to accelerate the transition to a carbon-free future, mitigate the climate crisis and support energy equity and environmental justice. The report details our innovative clean energy center model, powered by always-on, carbon-free nuclear plants, that will bring together new and emerging technologies to help decarbonize other polluting sectors of the economy. Additionally, the report outlines the need to begin transitioning toward a more accurate carbon accounting approach, along with the tools we are helping to pioneer, such as the hourly carbon-free energy matching platform to help our customers achieve true-zero emissions.
• Executed long-term agreement with the City of Chicago supporting 300 MW of renewables development through our Constellation Offsite Renewables (CORe) product: On Aug. 8, 2022, we announced an agreement with the City of Chicago to help meet the City’s commitment to purchase renewable energy for all its facilities and operations by 2025. In addition to enabling the development of Swift Current Energy’s 590 MW Double Black Diamond solar project, the agreement makes the City of Chicago one of the largest U.S. cities to commit to clean energy and will help reduce the City’s carbon footprint by more than 290,000 metric tons per year.
• Our leaders joined State and Federal officials to celebrate progress on nation’s first nuclear-powered clean hydrogen facility: On Sept. 28, 2022, leaders from the U.S. Department of Energy (DOE), the New York State Energy Research and Development Authority (NYSERDA), and the New York State Public Service Commission (PSC) joined our leaders and employees at Nine Mile Point Nuclear Generating Station (NMP) to celebrate progress on the nation’s first nuclear-powered clean hydrogen production facility, which will begin production by the end of the year. Last year, as part of a $5.8 million award, DOE approved moving forward with construction and installation of an electrolyzer system at NMP that will separate hydrogen and oxygen molecules in water to produce carbon-free hydrogen. In addition, NYSERDA recently announced $12.5 million in funding to help demonstrate hydrogen fuel cell technology at the plant to provide long-duration energy storage for the electric grid. The hydrogen fuel cell project at NMP is currently being designed and is expected to be operational in 2025. These projects will demonstrate the viability of hydrogen electrolyzer and fuel cell technologies, setting the stage for possible deployment at other clean energy centers in our nuclear fleet. As part of our broader decarbonization strategy, we are currently working with public and private entities representing every phase in the hydrogen value chain to pursue development of regional hydrogen production and distribution hubs, including participation in the Midwest Alliance for Clean Hydrogen or "MachH2" hydrogen hub.
• Nuclear Operations: Our nuclear fleet, including our owned output from the Salem Generating Station, produced 43,794 gigawatt-hours (GWhs) in the third quarter of 2022, compared with 44,350 GWhs in the third quarter of 2021. Excluding Salem, our nuclear plants at ownership achieved a 96.4% capacity factor for the third quarter of 2022, compared with 97.7%¹ for the third quarter of 2021. There were five planned refueling outage days in the third quarter of 2022 and 22 in the third quarter of 2021. There were 26 non-refueling outage days in the third quarter of 2022 and none in the third quarter of 2021.
• Natural Gas, Oil, and Renewables Operations: The dispatch match rate for our gas and hydro fleet was 98.8% in the third quarter of 2022, compared with 99.4% in the third quarter of 2021. Energy capture for the wind and solar fleet was 95.7% in the third quarter of 2022, compared with 95.8% in the third quarter of 2021.

Webcast Information

We will discuss third quarter 2022 earnings in a conference call scheduled for today at 10 a.m. Eastern Time. The webcast and associated materials can be accessed at https://investors.constellationenergy.com.

About Constellation

Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to millions of homes, institutional customers, the public sector, community aggregations and businesses, including three fourths of Fortune 100 companies. Headquartered in Baltimore, our fleet of nuclear, hydro, wind and solar facilities has the generating capacity to power the equivalent of approximately 15 million homes, providing 10 percent of the nation's carbon-free electricity. Our fleet is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is nearly 90 percent carbon-free. We have set a goal to achieve 100 percent carbon-free power generation by 2040 by leveraging innovative technology and enhancing our diverse mix of hydro, wind and solar resources paired with the nation’s largest nuclear fleet. Follow Constellation on LinkedIn and Twitter.

Non-GAAP Financial Measures

In analyzing and planning for our business, we supplement our use of net income as determined under generally accepted accounting principles in the United States (GAAP), with Adjusted EBITDA (non-GAAP) as a performance measure. Adjusted EBITDA (non-GAAP) reflects an additional way of viewing our business that, when viewed with our GAAP results and the accompanying reconciliation to GAAP net income included above, may provide a more complete understanding of factors and trends affecting our business. Adjusted EBITDA (non-GAAP) should not be relied upon to the exclusion of GAAP financial measures and is, by definition, an incomplete understanding of our business, and must be considered in conjunction with GAAP measures. In addition, Adjusted EBITDA (non-GAAP) is neither a standardized financial measure, nor a presentation defined under GAAP and may not be comparable to other companies’ presentations or deemed more useful than the GAAP information provided elsewhere in this press release and earnings release attachments. We have provided the non-GAAP financial measure as supplemental information and in addition to the financial measures that are calculated and presented in accordance with GAAP. Adjusted EBITDA (non-GAAP) should not be deemed more useful than, a substitute for, or an alternative to the most comparable GAAP Net Income measure provided in this earnings release and attachments. This press release and earnings release attachments provide reconciliations of Adjusted EBITDA (non-GAAP) to the most directly comparable financial measures calculated and presented in accordance with GAAP, are posted on our website: www.ConstellationEnergy.com, and have been furnished to the Securities and Exchange Commission on Form 8-K on November 8, 2022.

Cautionary Statements Regarding Forward-Looking Information

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. Words such as “could,” “may,” “expects,” “anticipates,” “will,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “predicts,” and variations on such words, and similar expressions that reflect our current views with respect to future events and operational, economic, and financial performance, are intended to identify such forward-looking statements.

The factors that could cause actual results to differ materially from the forward-looking statements made by Constellation Energy Corporation and Constellation Energy Generation, LLC, (Registrants) include those factors discussed herein, as well as the items discussed in (1) the Registrants' 2021 Annual Report on Form 10-K in (a) Part I, ITEM 1A. Risk Factors, (b) Part II, ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and (c) Part II, ITEM 8. Financial Statements and Supplementary Data: Note 19, Commitments and Contingencies; (2) the Registrants' Third Quarter 2022 Quarterly Report on Form 10-Q (to be filed on November 8, 2022) in (a) Part II, ITEM 1A. Risk Factors, (b) Part I, ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and (c) Part I, ITEM 1. Financial Statements: Note 15, Commitments and Contingencies; and (3) other factors discussed in filings with the SEC by the Registrants.

Investors are cautioned not to place undue reliance on these forward-looking statements, whether written or oral, which apply only as of the date of this press release. Neither of the Registrants undertakes any obligation to publicly release any revision to its forward-looking statements to reflect events or circumstances after the date of this press release.

¹Prior year capacity factor was previously reported as 96.0%. The update reflects a change to the ratio from using the full average annual mean capacity to the net monthly mean capacity when calculating capacity factor. There is no change to actual output and the full year capacity factor would be the same under both methodologies.

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 iSun strengthens Balance Sheet to Continue Growth Trajectory

WILLISTON, Vt.--(BUSINESS WIRE)--iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, announces that it has entered into a debt financing agreement for up to $25 million in Senior Secured Convertible Notes facility (the “Notes”) with a single institutional investor (the “Lender”). The proceeds will be used for repayment of indebtedness, satisfaction of certain of the Company’s financial obligations, working capital and general corporate purposes.

An initial funding of $12.5 million (less an original issue discount of 6% and transaction expenses) under the Notes will be immediately available to the Company at the initial closing which occurred on November 4^th, with an additional $12.5 million (less an original issue discount of 6% and transaction expenses) available in a subsequent funding, subject to the satisfaction of certain funding conditions.

“We continue to see significant interest and enthusiasm for the products and services that iSun provides to our growing customer base” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “This debt facility validates our commitment to accelerating the transition to clean energy as we continue our fight against climate change while providing an opportunity to strengthen our balance sheet. As we grow our geographic footprint and establish new customer relationships, we believe our ability to drive value across all aspects of the solar life cycle will create meaningful, long-term value for our shareholders. “

A.G.P./Alliance Global Partners acted as sole placement agent for the financing, and Merritt & Merritt acted as the Company’s legal counsel.

Transaction Terms

At the Closing, the Company issued and sold to two affiliated purchasers Senior Secured Convertible Notes in the aggregate original principal amount of $12,500,000 (the “Notes”). The Purchase Agreement provided for six percent (6%) original issue discount resulting in gross proceeds to the Company of $11,750,000. Upon (i) the effectiveness of a Registration Statement covering the Registrable Securities (defined below), (ii) the Stockholder Approval (defined below), (iii) the Company’s achievement of certain revenue and EBITDA targets, (iv) the Company having sufficient authorized shares of Common Stock (v) Company's maintenance of certain balance sheet requirements and (vi) certain other conditions, the Company and the Purchasers will consummate a second closing in which the Company will issue and sell to each Purchaser a second Note for an aggregate principal amount of $12,500,000 having identical terms and conditions as the first Note, including a six percent (6%) original issue discount, for an aggregate principal amount of $25,000,000 in Notes that may be issued and sold pursuant to the Purchase Agreement. Interest shall accrue under the Notes at the rate of 5% per annum, payable in cash or, at the Company’s option, in duly authorized, validly issued, fully paid and non-assessable shares of the Company’s Common Stock, $0.0001 par value per share (the “Common Stock”), or a combination thereof. The Notes are convertible into shares of Common Stock at the election of the holder at any time at an initial conversion price of $2.66 (the “Conversion Price”). The Conversion Price is subject to customary adjustments for stock dividends, stock splits, reclassifications and the like, and subject to price-based adjustment in the event of any issuances of Common Stock, or securities convertible, exercisable or exchangeable for, Common Stock at a price below the then-applicable Conversion Price (subject to certain exceptions). Beginning on March 1, 2023, and on the first day of each month thereafter, the Company will be required to redeem 1/26th of the original principal amount of each Note, plus accrued but unpaid interest, until the maturity date of May 4, 2025, on which date all amounts that remain outstanding will be due and payable in full. Subject to certain conditions, including certain equity conditions, the Company may pay the amount due on each monthly redemption date, and the final amount due at maturity, either in cash, shares of Common Stock or a combination thereof. The number of shares used to pay any portion of the Notes in such event would be calculated as 90% of the lowest daily volume weighted average price of the Common Stock during the five trading days immediately prior to the payment date. The Notes may not be prepaid by the Company, other than as specifically permitted by the Notes.

The Notes rank senior to all outstanding and future indebtedness of the Company and its Subsidiaries (as defined in the Purchase Agreement), subject to certain exclusions including (i) existing debt relating to bank loans to the Company’s subsidiary Peck Electric, Co., a Vermont corporation, secured by certain solar arrays, and (ii) existing vehicle loans to the Company’s subsidiary, SolarCommunities, Inc., a Vermont benefit corporation, secured by those vehicles, and is secured by a first priority perfected security interest in all of the existing and future assets of the Company and each Guarantor (as defined in the Security Agreement), as evidenced by (i) a Security Agreement entered into at the Closing (the “Security Agreement”), (ii) a Trademark Security Agreement entered into at the Closing (the “Trademark Security Agreement”), and (iii) a Guaranty executed by all direct and indirect subsidiaries of the Company (the “Guaranty”) pursuant to which each of them has agreed to guaranty the obligations of the Company under the Notes and the other Transaction Documents (as defined in the Purchase Agreement).

Also at the Closing, the Company entered into a Registration Rights Agreement (the "Registration Rights Agreement") with the Purchasers. Pursuant to the terms of the Registration Rights Agreement, the Company has agreed to prepare and file with the SEC within 20 days following the Closing a registration statement covering the resale of the shares of Common Stock issuable upon conversion of the Notes (the “Registrable Securities”), and to use reasonable best efforts to cause such Registration Statement to be declared effective under the Securities Act of 1933, as amended (the “Securities Act”), as soon as practicable. If the Registration Statement is not filed within 20 days after the Closing or is not declared effective by the applicable deadline set forth in the Registration Rights Agreement, or under certain other circumstances described in the Registration Rights Agreement, then the Company shall be obligated to pay, as partial liquidated damages, to each Purchaser an amount in cash equal to 2% of the original principal amount of the Notes each month until the applicable event giving rise to such payments is cured. If the Company fails to pay any partial liquidated damages in full within seven days after the date payable, the Company will pay interest thereon at a rate of 10% per annum.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the offering. There shall not be any sale of the securities described herein in any state or jurisdiction in which such offering, sale, or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About iSun Inc.

Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

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JACKSONVILLE, Fla.--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, announced the promotion of Mike Gold, Executive Vice President of Civil Space Business Development and External Affairs to the position of Chief Growth Officer, effective November 8, 2022.

As Chief Growth Officer, Gold will lead Redwire’s business development, marketing, and external affairs teams positioning the company for long-term growth and expanding adoption and integration of Redwire’s cutting-edge capabilities across civil, commercial, and national security space sectors. He will report to Redwire Chairman and CEO Peter Cannito.

“Mike is a proven aerospace executive and visionary thought leader that has leveraged his deep experience to broker new partnerships and deepen our customer relationships across Redwire,” said Peter Cannito, Redwire Chairman and CEO. “By executing an agile sales strategy focused on delivering unmatched value to our customers and expanding our international partnerships, Mike’s leadership will advance our growth strategy and fortify our position in the market.”

About Mike Gold

Prior to joining Redwire, Gold was NASA’s Associate Administrator for Space Policy and Partnerships, Acting Associate Administrator for the Office of International and Interagency Relations, and Senior Advisor to the Administrator for International and Legal Affairs. Before joining NASA, Gold was Vice President of Civil Space at Maxar Technologies and General Counsel for the company’s legacy Radiant Solutions business unit. Gold also spent 13 years at Bigelow Aerospace where he established the company’s Washington office, oversaw the launches of the Genesis 1 and 2 spacecraft, and was a recipient of a NASA Group Achievement award for the development and deployment of the Bigelow Expandable Activity Module (BEAM) on the International Space Station. Gold is currently the Treasurer of the Commercial Spaceflight Federation and has served on its Board of Directors on several occasions. Gold is also currently serving on NASA’s Unidentified Aerial Phenomena Independent Study Team. In 2012, Gold was appointed Chair of the Commercial Space Transportation Advisory Committee, holding this position until joining NASA in 2019. In 2018, he was appointed to the NASA Advisory Council and served as Chair of its Regulatory and Policy Committee. In 2020, Gold was awarded NASA’s Outstanding Leadership Medal in recognition for his leadership of the Artemis Accords, the Gateway MOUs, and other interagency policy development and coordination efforts. Gold has authored numerous law review articles and editorials addressing commercial space issues. He has also testified on several occasions before the U.S. House of Representatives and the U.S. Senate as an expert in commercial space as well as space law and policy. Gold received a BA from Brandeis University and a JD from the University of Pennsylvania Law School.

About Redwire

Redwire Corporation (NYSE: RDW) is a leader in space infrastructure for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions. For more information, please visit www.redwirespace.com.

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Key automation insights from Siemens, Nanostone Waters, and Claroty

LANDAU I. D. PFALZ, Germany & ALPHARETTA, Ga.--(BUSINESS WIRE)--At SPS (Smart Production Solutions) in Nuremberg on November 9, AUVESY-MDT will launch a new broadcasting format — Connect Express. Industry opinion leaders will share important insights and highlights from the show with the broader audience of automation professionals.

AUVESY-MDT Connect Express is a series of fascinating interviews with automation opinion leaders, streamed from the world’s most influential fairs, shows, and congresses in industrial automation throughout the year.

The interviewees represent leading manufacturing giants who have successfully led their companies through digital transformation and harness the power of automation to unleash the full potential of Industry 4.0.

“At Connect Express, we discuss the most important insights and highlights from the event: the latest news, current trends, and challenges of the automation industry,” says Dr. Tim Weckerle, CEO of AUVESY-MDT. “Our guests share their invaluable experiences, success cases, and best practices — as well as their vision of the future of industrial automation. Together we lift the veil and look at how the industry will evolve over the next 3-5 or even 10 years, and how companies can meet future demand in the automation space.”

Connect Express launches on two continents starting with SPS in Nuremberg (November 9, 2 p.m. CET), and AVEVA World in San Francisco (November 18, 8 a.m. PST). In the coming year, the Connect Express project will continue and expand, covering many key events in the automation industry.

During SPS we’ll talk to automation experts from Siemens, Nanostone Waters, Claroty and many more.

• Claroty: State of Industrial Cybersecurity & ICS Risks
  Claroty is an expert in industrial cybersecurity and has been conducting its own research in this field for several years. At Connect Express, Max Rahner, senior regional director DACH & Eastern Europe at Claroty, will give insights into key findings about the safety of industrial networks and critical infrastructure, current threats to industrial networks, and recommendations for closing the IT/OT security gap.
• Siemens: Digital Twin as a Pioneer for Individual Mass Production
  At this year’s SPS, Siemens demonstrates how a digital twin comes to life. Christian Birner, product manager at Siemens, will share the company’s expertise on the potential and advantages of digital twins for modern production lines.
• Nanostone Waters: Protecting Critical Infrastructures
  Jan Remus, automation engineering manager at Nanostone Waters, will discuss challenges and OT security risks that critical infrastructures currently face, and how to protect them from attacks and serious outages.

At AVEVA World, Will Draper, president of the Americas at AUVESY-MDT, will outline what’s next in industrial automation. Draper has deep experience in the technology sector and held senior leadership positions with Cirrus Logic, Dell EMC, and AVEVA. His team will share exclusive insights, including interviews with leadership and industry experts.

Register now!

Get insider access to exclusive content: key industry insights and interviews with experts at Connect Express @ SPS Nuremberg and Connect Express @ AVEVA World.

About AUVESY-MDT

AUVESY-MDT develops software to provide disaster recovery, version control, change detection, and management for smart production machinery and other devices used in the manufacturing and industrial sectors. AUVESY-MDT solutions back up key machine programming and produce intuitive documentation of changes, simplifying maintenance and aiding in plant optimization. Downtime is significantly reduced due to easy and reliable code management, troubleshooting, and disaster recovery. Find out more at our website: auvesy-mdt.com

About Connect

Connect Express is an integral part of a larger thought leadership platform AUVESY-MDT Connect, which is designed to stimulate an inspiring exchange between industry experts. This is achieved through discussion of the latest news, trends, case studies and market insights. AUVESY-MDT Connect is your single point of contact when you only need reliable information or valuable practical advice on automation.

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HOUSTON--(BUSINESS WIRE)--#dataanalytics--Katalyst Data Management has completed the previously announced acquisition of Rio de Janeiro-based Geopost Energy. Geopost, with its leading subsurface data analysis and Virtual Data Room platform, is the perfect complement to Katalyst’s leading iGlass solution. The incorporation of Geopost has provided Katalyst with an additional network of exceptionally talented team members that will increase thought leadership, technology innovation and company growth worldwide. Katalyst will continue to support and invest in the current Geopost technology stack, including the widely used Market Watch Portal, with plans to expand its geographical reach.

Growth and Global Expansion

“Our future looks very bright with the integration of Geopost,” said Katalyst President and CEO, Steve Darnell. “Our growth strategy is built on providing exceptional service, innovative technology, and expansion to new markets. The Geopost acquisition checks all those boxes for us. Our mission is to ensure that our clients receive the best solutions that will position them for success and I am confident that our combined technology and innovation will allow us to deliver on that mission.”

“Geopost is in great hands with Katalyst Data Management,” said Geopost President, Christiano Lopes. “We have studied the architecture of Katalyst’s technology to understand how Geopost’s solutions will complement each other. I am excited to strengthen Katalyst’s efforts and work with our global operations teams to provide Geopost and Katalyst solutions and continue to expand to new markets.”

In addition to continuing to oversee the current Geopost’s Brazilian operations, Christiano will lead Katalyst’s expansion in the region as the new Vice President, South America.

About Katalyst

Katalyst Data Management provides a complete data management solution assisting oil and gas companies with the difficult challenge of managing the vast amount of subsurface data and information acquired for exploration and production. Katalyst’s end-to-end solution includes every step in the process, from data capture and verification, data storage and organization, to marketing seismic data online. Katalyst’s signature offerings include the web-based iGlass solution for subsurface data management and the ecommerce site SeismicZone for data marketing. To learn more about Katalyst, visit www.katalystdm.com.

About Geopost

With their leading technology platform, Geopost provides instant access to data related to the E&P market (e.g., seismic data, interpretations, wells, production charts, bidding round history, E&P assets, and others). Everything is built into a fluid and easy-to-use platform. The environment combines customer’s private library with automatically updated information covering all aspects of Brazil's E&P Offshore and Onshore activities. Geopost is an essential tool for your technical and business team.

Steve Darnell, President and CEO
Katalyst Data Management
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Christiano Lopes, VP of South America
Katalyst Data Management
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Decarbonization technology company advocates greater cross-sector collaboration to unleash the potential of climate technologies

MONTREAL--(BUSINESS WIRE)--Sam Ramadori, CEO of BrainBox AI, a Canadian company with a pioneering AI-driven building technology, will share how scaling up climate tech is key to unleashing the latent emissions reduction potential of this emerging asset class at the 27th United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, Egypt this week.

“We absolutely need greater cross-sector collaboration to overcome the barriers that impede the rapid adoption at scale of climate innovation and to realise the full value of the 14 cents of every venture capital dollar spent on climate tech,” said Ramadori. “We must collectively think about real, concrete ways that we can motivate adoption at scale, particularly in the traditional sectors of our economy that account for an important part of global GHG emissions, but that have not been accustomed to rapid innovation changes. This is the only way we can achieve the United Nations’ objective of reducing emissions by 45% by 2030, reaching net zero by 2050, and ultimately saving the human race.”

Innovators like BrainBox AI, whose technology lowers commercial real estate carbon footprints by up to 40% and offers energy cost savings of up to 25%, will join established industrial technology leaders like ABB and Arup for a series of panel discussions. The companies will together utilise the global COP27 platform to discuss ways in which climate tech can help ensure a low carbon future.

BrainBox AI will join MaRS Discovery District, Resilient LLP, KPMG, and other prominent Canadian climate innovators at COP27 on November 8th for a panel discussion titled ‘Innovative Approaches to Accelerating Cleantech Adoption’. The session, taking place in the Canadian Pavilion, will point to the importance of inclusiveness, collaboration, and coalition-building as features of some Canadian programmes designed to effectively scale and speed up the adoption of low-carbon innovations.

Tyler Hamilton, Director of Ecosystem, Cleantech at MaRS said “Cleantech is one of the core sectors we work with in our drive to empower Canada’s most promising innovators to make global connections. At COP27, we are collaborating with BrainBox AI to drive positive economic and environmental impact and help address some of the world’s most pressing problems.”

BrainBox AI has also been invited by leading global technology company and partner ABB to appear at an energy efficiency panel in the International Chamber of Commerce area of COP27 on November 11th. The company will speak about accelerating energy efficiency in the built environment, alongside the World Green Building Council, the International Standards Organization, and others. Sam Ramadori will speak alongside leading contributors including Morton Wierod, President of ABB Electrification.

Morten Wierod, President of ABB Electrification said, “There is no denying that now, in this decade, must be the time for faster action to accelerate the transition to net zero. Our attendance at COP27 is geared towards supporting this transition and highlighting how we can address the world’s energy challenges through improved energy efficiency and safe, smart, and sustainable solutions. Much of the technology to achieve this is already available, but it requires more commitment, investment, and collaboration to fully optimise. Innovation also has a key part to play, and we look to partners like BrainBox AI with fresh ideas and approaches to achieve the sustainable future we all need.”

In addition, BrainBox AI will participate in a webinar hosted by Anton Kotov, Head of Strategy and Business Development, ABB Electrification, on November 15th, alongside Mary de Guzman, Director of ESG at Sleep Country Canada, on the subject of ‘Decarbonizing the Built Environment: The Role of IoT, Cloud and Artificial Intelligence’. The webinar is a key part of a broader programme of virtual sessions hosted by the International Chamber of Commerce, which are livestreamed to thousands around the world.

BrainBox AI is considerably reducing carbon emissions, impacting over 100,000,000 sq. ft. of real estate across 20 countries, with clients such as AMP Capital, GWL Realty Advisors and Landsec. In 2020, BrainBox AI was recognized by TIME as one of the Top 100 best inventions of the year and received the Tech for Our Planet Award at COP26. The company is also a member of the MaRS Discovery District, the largest urban innovation hub in North America.

About BrainBox AI

Founded in 2017, BrainBox AI was created to address the dilemma currently facing the built environment, its energy consumption, and significant contribution to climate change. As innovators of the global energy transition, BrainBox AI’s game-changing HVAC technology leverages AI to make buildings smarter, greener, and more efficient. Working together with our trusted global partners, BrainBox AI supports real estate clients in various sectors, including office buildings, hotels, commercial retail, grocery stores, airports, and more.

Headquartered in Montreal, Canada, a global AI hub, our workforce of over 150 employees, bring with them talent from all sectors with the common thread of being in business to heal our planet.

BrainBox AI works in collaboration with research partners including the US Department of Energy’s National Renewable Energy Laboratory (NREL), the Institute for Data Valorization (IVADO) as well as educational institutions including Montreal’s Institute for Learning Algorithms (MILA) and McGill University.

Learn more about BrainBox AI.

BrainBox AI
Americas
Rebecca Bender
Montieth & Company
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EMEA
Cameron Penny
Montieth & Company
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INDIANAPOLIS--(BUSINESS WIRE)--#HCI--Scale Computing, a market leader in edge computing, virtualization, and hyperconverged solutions, today announced that it is a finalist for the Hyperconvergence Innovation of the Year in the 2022 SDC Awards for its work with ship management and marine services provider Northern Marine Group. The award recognizes single and multi-vendor solutions that deliver an architecture that tightly integrates compute, storage, networking, and virtualization resources for the end-user.

“We’re thrilled to be shortlisted as a finalist for our work with customers like Northern Marine, which is successfully deploying our innovative edge computing and hyperconverged solutions,” said Jeff Ready, CEO and co-founder, Scale Computing. “Increasingly, IT leaders must run applications outside the cloud or traditional data center, close to where the data is actually being used. Scale Computing meets the complex and dynamic infrastructure demands of those industries that require 24x7 availability and full redundancy, and is backed by human experts who understand the unique conditions that exist at the edge.”

Northern Marine’s vessels rely on a host of critical applications — if their onboard internet is intermittent, their navigation will fail, making it impossible for a ship’s navigator to chart a course. Northern Marine’s business leaders needed to upgrade existing deployed IT infrastructure onboard their vessels, address intermittent internet connectivity (including satellite connectivity and latency), ensure servers remain online and operational with minimal downtime, reduce exposure to expensive en-route repairs, and comply with regulatory requirements, all while dealing with a lack of onboard IT personnel. Northern Marine deployed Scale Computing SC//HyperCore clusters to run their operations smoothly while at sea and realized immediate benefits from enhanced performance and simplified management.

Scale Computing Platform brings simplicity, high availability, and scalability together, replacing the existing infrastructure and running applications in a single, easy-to-manage platform. SC//HyperCore saves time and valuable resources because the software, servers, and storage are all in one fully integrated platform. The same innovative software and simple user interface power a user’s infrastructure, regardless of their hardware configuration. Using patented HyperCore™ technology, the award-winning, self-healing platform identifies, reduces, and corrects problems in real-time. SC//HyperCore makes ensuring application uptime easier for IT to manage and for customers to afford. In the aforementioned use case, maritime providers were able to run their critical onboard IT applications with self-healing, automated infrastructure.

The SDC Awards, now in its 13th year, will announce its winners at an awards ceremony in London on Thursday, Nov. 24, 2022. The SDC Awards are firmly focused on recognizing and rewarding success in the products and services that are the foundation for digital transformation.

To learn more about Scale Computing’s edge computing solutions and its work with Northern Marine, please visit: https://www.scalecomputing.com/resources/northern-marine-modernizes-critical-fleet-it-systems-with-scale-computing-hypercore-edge

About Scale Computing

Scale Computing is a leader in edge computing, virtualization, and hyperconverged solutions. Using patented HyperCore™ technology, Scale Computing Platform automatically identifies, mitigates, and corrects infrastructure problems in real-time, enabling applications to achieve maximum uptime, even when local IT resources and staff are scarce. Edge Computing is the fastest growing area of IT infrastructure, and industry analysts have named Scale Computing an outperformer and leader in the space, including being named the #1 edge computing vendor by CRN. Scale Computing’s products are sold by thousands of value-added resellers, integrators, and service providers worldwide. When ease-of-use, high availability, and TCO matter, Scale Computing Platform is the ideal infrastructure platform. Read what our customers have to say on Gartner Peer Insights, Spiceworks, TechValidate and TrustRadius.

Blair Moreland
ZAG Communications for Scale Computing
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SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies (NYSE:TT), a global climate innovator, will join several climate action dialogues during the Sustainable Innovation Forum 2022 (SIF22) at COP27 in Sharm El-Sheik, Egypt, November 9-11. SIF22 will focus on the critical environmental and social factors, and scalable solutions, needed to successfully enable the transition to net-zero.

“Innovative solutions that will bend the curve on climate change exist today. We can act now to dramatically reduce emissions from heating and cooling buildings,” said Jose La Loggia, president, Commercial HVAC EMEA, Trane Technologies. “It’s time to move from pledge to action – deploying concrete policies and financing, and accelerating technologies that will create a more sustainable, energy-secure future, today.”

Trane Technologies’ leaders will participate in the following SIF climate discussions:

• Securing food systems against the climate crisis: Rasha Hasaneen, vice president of innovation, Nov. 9, 2:15 p.m. – 3:05 p.m. GMT
• From Global to Local – Climate change will be won and lost in cities: Jose La Loggia, president, Commercial HVAC EMEA, Nov. 10, 12:25 p.m. – 1:05 p.m. GMT
• Translating climate commitments to climate action – Introducing the Gigaton Playbook, an emissions reduction roadmap: Scott Tew, vice president of sustainability, Nov. 10, 2:10 p.m. – 2:30 p.m. GMT

All dialogues can be viewed live once registering through the Climate Action Innovation Zone.

Trane Technologies is a proud partner of the World Economic Forum’s Alliance of CEO Climate Leaders and is a signatory of its COP27 open letter, calling for accelerated government policies and creating a sustainable future for all. With an unwavering commitment to action, Trane Technologies also supports the Corporate Knights’ Action Declaration on Climate Policy Engagement, which outlines how industry leaders will support ambitious action to close the say-do gap on emission reductions.

Through bold, industry-leading action, Trane Technologies continues to advance its 2030 Sustainability Commitments, including its Gigaton Challenge – a pledge to reduce one billion metric tons of greenhouse gas emissions from customers’ carbon footprints by 2030 – and its net-zero by 2050 emissions reduction goal, both validated by the Science Based Targets Initiative (SBTi). The company’s leadership in sustainability has been recognized by the Financial Times (Europe’s Climate Leaders 2022) and the Center for Climate and Energy Solutions (Climate Leadership Hall of Fame induction).

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. For more on Trane Technologies, visit www.tranetechnologies.com.

This news release includes “forward-looking statements” which are statements that are not historical facts, including statements that relate to our sustainability commitments and the impact of these commitments. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, our future financial performance and targets, including revenue, EPS and operating income; our business operations; demand for our products and services, including bookings and backlog; capital deployment, including the amount and timing of our dividends, our share repurchase program, including the amount of shares to be repurchased and the timing of such repurchases and our capital allocation strategy, including acquisitions, if any; our projected free cash flow and usage of such cash; our available liquidity; performance of the markets in which we operate; restructuring activity and cost savings associated with such activity; and our effective tax rate. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2021, as well as our subsequent reports on Form 10-Q and other SEC filings. We assume no obligation to update these forward-looking statements.

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Shelby Hansen
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Investors Contact:
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Jan Kees van Gaalen is a seasoned finance executive with more than 30 years of experience in the energy and mining industries

LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV, NRGV WS) (“Energy Vault”) (the “Company”), a leader in sustainable grid-scale energy storage solutions, announced today the appointment of Jan Kees van Gaalen as Chief Financial Officer. Mr. van Gaalen will replace David Hitchcock, who has served as interim-Chief Financial Officer since April 2022. The appointment as CFO is effective November 16, 2022. Mr. Hitchcock will remain as an advisor to Energy Vault through December 31, 2022.

“I am pleased to welcome Jan Kees, a highly accomplished global CFO, who has served in that capacity at five public companies and brings extensive operational finance, treasury, M&A and capital markets experience as we execute on our growth strategy,” said Robert Piconi, Chairman, Co-Founder and CEO, Energy Vault. “I want to thank David Hitchcock who has played an important role over the last six months in building the finance organization while standardizing our financial management and reporting processes as we became a public company earlier this year.”

“I am thrilled to join Energy Vault during this pivotal time as the Company begins multi-GW hour deployments of their leading energy storage solutions across three continents,” said Jan Kees van Gaalen, Chief Financial Officer, Energy Vault. “I look forward to leading a robust finance function and assisting the Company through this significant growth phase.”

Mr. van Gaalen served as interim CFO at OneSpan, a publicly held digital agreements security software company from October 2021 until September 2022. Previously, he was CFO of C&J Energy Services, a large provider of oilfield services to leading energy companies with $2 billion in revenue. He helped lead the way in transforming the finance and IT functions of the business and helped execute a $450 million revolving facility before industry consolidation led to a merger with Keane Group, Inc. in 2019.

Prior to C&J, Mr. van Gaalen was CFO of Kennametal, a leading global provider of metalworking products and tools with $2.5 billion in revenue and approximately 12,700 employees. He helped develop and execute an $80 million SG&A cost reduction plan, and helped define a $200-$300 million modernization plan for the manufacturing facilities.

Mr. van Gaalen graduated with a Bachelor’s Degree in Economics from Erasmus University Rotterdam and received his MBA in Finance from the HEC School of Management in Paris.

About Energy Vault
Energy Vault develops and deploys sustainable energy storage solutions designed to transform the world's approach to utility-scale energy storage in realizing decarbonization while maintaining grid resiliency. The company's proprietary gravity-based energy storage technology, battery storage technology, and energy storage management and integration platform are intended to help utilities, independent power producers and large industrial energy users significantly reduce their levelized cost of energy while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial re-use, Energy Vault is facilitating the shift to a circular economy while accelerating the clean energy transition for its customers.

For more information on Energy Vault, please see the Company’s website at https://www.energyvault.com/

Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding Energy Vault’s future expansion, deployments and capabilities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: risks related to the deployment of Energy Vault’s energy management software the projects announced in this press release, risks related to Energy Vault’s ability to supply equipment, engineering, procurement, construction and balance of plant services for the projects announced in this press release, the fact that the project is the first such deployment for Energy Vault and as a result, there could be unforeseen issues with the system, the ability to meet milestones in order to receive payments, unforeseen delays in the projects announced in this press release, whether these projects will be constructed on time or whether they will operate as planned, developments and changes in the general market, the continuing impact of COVID-19, political, economic, and business conditions, and the impact of competing technologies on demand for battery powered projects. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, filed with the SEC on August 8, 2022, which is available on our website at investors.energyvault.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.

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New vice presidents join company in communications and information technology

BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) announced the appointment of two new members to the company’s executive leadership team: Jeanne Russo joins the company as vice president, communications, and Sumit Nair will assume the role of vice president and chief information officer.

“I’m thrilled to welcome Jeanne and Sumit to our growing leadership team,” said Essential Chairman and CEO Christopher H. Franklin. “Their expertise and leadership in communications and information technology, respectively, will be instrumental in helping us achieve our growth and operational goals.”

In her newly created role, Russo will oversee all internal and external communications across the enterprise. She joins Essential with more than 25 years of experience that spans diverse industries, including broadband infrastructure and services, hospitality and retail. Most recently she served as director of financial communications at Qurate Retail Group. Russo also held senior communications positions with Commscope, ARRIS, Google, Motorola and Comcast.

“Jeanne brings with her a wealth of communications experience, having worked on top global brands, and her talent and proven leadership will be crucial in elevating Essential, Aqua and Peoples to the communities we serve,” said Franklin. “Essential plays an important role in solving our nation’s water and natural gas infrastructure challenges, and Jeanne will lead our integrated communications efforts to share our narrative in a way that resonates with our customers, employees, regulators, investors and other stakeholders.”

A Philadelphia-area native, Russo received her B.A. in advertising and public relations from Duquesne University in Pittsburgh, as well as a business certificate in marketing.

In his role, Nair will oversee 130 IT professionals and execute strategic and operational imperatives to drive Essential’s overall success. Nair previously served as the chief information officer for GeoBlue, a global insurance licensee of Blue Cross Blue Shield, overseeing all information technology functions including technical infrastructure, application development, project management office, information security and disaster recovery.

“Sumit will be an important addition to the Essential leadership team at such a poignant time in our company’s history,” said Whitney Kellett, Essential’s SVP of business transformation. “His knowledge, expertise, business acumen and innovative mindset will be critical to the future success of Essential, improving efficiency, protecting our assets and delivering an outstanding customer experience.”

Nair joins Essential as a seasoned global IT executive with nearly 30 years of experience, including positions at GeoBlue, De Lage Landen and Ikon. He holds a master of science in information systems from Penn State University and a bachelor of engineering in computer science and engineering from Bangalore University in India. He was recognized as a Corporate Finalist by the 2022 Philly CIO of the Year ORBIE Awards for his leadership and management at GeoBlue.

Nair’s appointment fills the role previously held by former CIO Kellett, who was promoted to SVP in August. Kellett was also the winner of the 2022 Philly CIO of the Year Enterprise Award.

About Essential

Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.

WTRGG

Sarah Courtright
Communications Manager
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Design to Manufacturing Software to be showcased at Automation Fair

LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced it will preview its upcoming digital manufacturing software portfolio at Rockwell Automation Fair in Chicago. The Design to Manufacturing Software, powered by Zuken’s E3.series, is a proven and fast engineering system for designers and manufacturing personnel to:

• Plan and design the electrical engineering for machines and factory systems
• Automate panel building through 2D/3D design and assembly of industrial and commercial control panels

nVent is a global leader in providing industrial enclosures and advanced cooling solutions, and has a comprehensive machine portfolio to automate panel building. The nVent HOFFMAN Design to Manufacturing Software, powered by Zuken, helps us to create time and labor savings, which enables us to build a more sustainable and electrified world.

“By adding the Design to Manufacturing Software, powered by Zuken, we have significantly enhanced our value proposition by optimizing the entire panel design and fabrication process,” said Alexander van der Weide, general manager and vice president for nVent. “Companies are prudently finding ways to maximize the skills of their workforce, especially in such a competitive landscape and tight job market. This will make it easier for our customers to deliver high-quality solutions faster, with fewer resources and time-consuming steps.”

We simplify design. We connect engineering to manufacturing.

• We simplify design
• We connect engineering to manufacturing
• We capture and deploy knowledge
• We solve the shortage of engineers and skilled labor
• We accelerate profitable growth

The Design to Manufacturing Software provides design automation to help electrical engineers to simplify processes, and ultimately increase overall productivity. With its easy-to-use intelligent central parts library, designers can now efficiently work on a single project while the software automatically ensures the data is continually up to date, making the design and planning process easy.

The optimized engineering process drives the creation of the digital twin with all the necessary manufacturing details. We automate the panel building process by connecting machines and workers, accelerating the transition to smart manufacturing. Workers can now easily visualize the design and immediately access digital documentation. This automated workflow detects critical errors, significantly improves the time taken to build a panel, and maintains the overall process.

The advanced software portfolio will be released in 2023 as part of a collaboration with Zuken, a leading global software company specializing in optimizing electrical and electronic engineering design processes. The Design to Manufacturing software portfolio will include specially designed software packages for engineering and manufacturing processes, connecting workers to the manufacturing floor, and adding optional add-on functionalities.

Visit us in Booth 149

There will be demonstrations of the Design to Manufacturing software each hour in Booth 149 at Automation Fair in Chicago, November 16–17.

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office in the United States is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER. Learn more at www.nvent.com.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

About Zuken

Zuken is a global software company providing industry leading electrical and electronic design solutions. Founded in 1976, Zuken has a long track record of technology innovation and financial stability in the electronic design automation (EDA) industry. With a product portfolio of world-class design solutions spanning MBSE-based product definition and services to electrical and electronic design solutions to address the needs of a broad range of industries across the globe. These design solutions provide our customers with improved productivity and efficiencies in this highly competitive landscape. For more information about the company and its products, visit www.zuken.com.

Aaron Craig
Senior Marketing Director
nVent
612.244.7961
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The deal marks the largest capacity and longest tenor transaction supported by the Solar Revenue Put

SAN FRANCISCO--(BUSINESS WIRE)--#solardata--kWh Analytics, the market leader in Climate Insurance, today announced that it has structured a Solar Revenue Put supporting back-leverage financing with Matrix Renewables, the TPG Rise-backed global renewable energy platform, insuring solar production on 143 MW of new-build utility-scale solar projects. For the first time, the Solar Revenue Put policy will provide coverage for the full 26 year amortization term. The projects, Gaskell West 2 & 3, are financed by major lending partners MUFG, HSBC, Commonwealth Bank of Australia, and National Bank of Canada.

The Solar Revenue Put is an insurance policy covering solar production to provide protection against downside risk. The policy serves as a credit enhancement for financial investors, allowing asset owners to achieve more favorable financing terms. The addition of the Solar Revenue Put including Base and Supplemental Coverage has significantly reduced Matrix Renewables’ DSCR sizing requirements, and provides 26 total years of production insurance.

“The passage of the Inflation Reduction Act has accelerated demand for renewable energy projects. Our product allows sponsors to deploy more MWs using less capital, something that’s increasingly important in today’s rising cost environment,” says Jason Kaminsky, kWh Analytics’ CEO.

The Solar Revenue Put has insured production for nearly 3GW of renewable generation capacity, including portfolios ranging from thousands of residential rooftops to utility-scale plants. Portfolios backed by the Solar Revenue Put are able to support higher leverage levels or lower credit spreads, reducing equity checks while mitigating downside risk. The Supplemental Coverage extends these debt sizing and risk mitigation benefits beyond ten years, to match the term of debt amortization.

ABOUT Matrix Renewables

Matrix Renewables is a renewable energy platform created and backed by global alternative asset manager TPG and its $15 billion impact investing platform TPG Rise. Matrix Renewables' current portfolio is comprised of 2.3 GW of operational, under construction, or near ready-to-build solar PV projects and a further 7.3 GW pipeline of renewable energy projects under development, across North America, Europe, and Latin America. For more information, visit matrixrenewables.com or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it..

ABOUT kWh Analytics

kWh Analytics is a leading provider of Climate Insurance for zero carbon assets. Utilizing their proprietary database of over 300,000 operating renewable energy assets, kWh Analytics uses real-world project performance data and decades of expertise to underwrite unique risk transfer products on behalf of insurance partners. kWh Analytics has recently been recognized on FinTech Global’s ESGFinTech100 list for their data and climate insurance innovations. The Solar Revenue Put production insurance protects against downside risk and unlocks preferred financing terms, and the Renewable Energy Property Product offers comprehensive coverage against physical loss. These offerings, which have insured over $3 billion of assets to date, aim to further kWh Analytics’ mission to provide best-in-class Insurance for our Climate. To learn more, please visit https://www.kwhanalytics.com/, connect with us on LinkedIn, and follow us on Twitter.

Nikky Venkataraman
Marketing Manager
kWh Analytics
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Leading Battery Energy Storage System (BESS) provider adds 39 MWh of on-site battery storage, reducing annual carbon emissions by 46,000 kg and lowering utility bills by more than 25%

MIAMI--(BUSINESS WIRE)--On.Energy (www.on.energy), a leader in the development of fully integrated energy storage solutions, is expanding its battery energy storage system (BESS) solutions to select airports across Latin America. Through its latest collaboration with Skysense, more than 39 MWh of turnkey energy storage systems are being installed at 11 additional airports, adding to the five systems already either operational or in final stages of commissioning. This latest project brings the total capacity of airport installations to over 65 MWh. The energy storage systems will provide airport customers with improved grid reliability, a 46,000 kg annual reduction in carbon emissions, and utility bill savings in excess of 25%.

“When any airport in the world loses power, it causes a global chain reaction impacting millions of airport operators, airline staff, as well as vendors and passengers. Latin American airports are rapidly adopting BESS to support energy reliability, while also improving efficiency, reducing operational costs, and supporting national decarbonization goals,” said Jose Manuel Diaz, On.Energy’s president for South and Central America. “The previous success of these airports proves that companies can find a scalable way to deploy energy projects quickly and effectively across their portfolio while reducing utility expenditures and maximizing system efficiencies.”

To date, On.Energy has delivered and is currently accelerating BESS deployment for corporate, industrial, and utility customers across North America and Latin America, including industries such as airports, hotels, retailers, plastics, and power generation. On.Energy’s systems are powered by its proprietary On.Command EMS and control software that leverages artificial intelligence to help airports maximize resiliency and control costs.

With more than 100 MWh of battery storage in operation and under construction and an additional pipeline of nearly 3.8 GWh of BESS projects across North and South America, servicing AAA corporate, industrial, and utility customers, On.Energy is establishing itself as the leader in energy storage solutions.

The company’s customers include some of the world’s largest commercial and industrial (C&I) brands, including Walmart, Hyatt Hotels, Grupo Bimbo, Glencore, Enel, Quimpac, Solar Axiom, and more.

About On.Energy

On.Energy is a fully integrated battery energy storage system solutions (BESS) provider. From its headquarters in Miami and offices in Texas, Mexico and Peru, On.Energy’s experienced team leverages its proprietary On.Command^tm energy management system to implement customized, turnkey solutions that support peak shaving, energy arbitrage, frequency regulation, UPS/backup power, wholesale market integration, and microgrid operations for utilities, system operators and C&I customers across the Americas.

Learn more about On.Energy at www.on.energy.

Wendy Prabhu, Mercom Communications
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Company expands offerings in ocean capacity procurement and visibility and trade compliance – providing customers seamless, predictive item, order and container-level tracking

CARY, N.C.--(BUSINESS WIRE)--MercuryGate® International, Inc., (MercuryGate) the largest dedicated transportation management and logistics solutions provider, today announced it is extending its capabilities in real-time shipment visibility to encompass every segment of the shipment lifecycle – from first-to-final mile – with the acquisition of ClearTrack Information Network.

“The non-stop disruptions to supply chains in recent years and the increasing demands of socially-conscious, need-to-know consumers have created a growing need for transparency and visibility into shipments, down to item, order and container-level tracking,” said MercuryGate President & CEO Joe Juliano. “The addition of ClearTrack brings our customers the distinct advantage of being able to see ocean shipments in real-time, take immediate action to resolve issues and continuously improve for better decision-making and extending MercuryGate’s end-to-end modality management.”

Founded in Brentwood, Tennessee, ClearTrack is a leading provider of supply chain management (SCM) software and services that bring richer and deeper ocean freight procurement and tracking capabilities to MercuryGate customers at the container, order and item levels. ClearTrack also monitors, collects, creates and controls supply chain compliance documentation ensuring that no order is released for shipment without acceptable compliance results and required certifications. Shippers and 3PLs can eliminate costly shipment delays or non-delivery due to non-compliance in order to reduce costs, improve the flow of goods and minimize risk.

“Supply chain transportation management will continue to grow in complexity,” said Juliano. “By expanding our visibility offerings with ClearTrack, our customers gain visibility to the critical ocean segment that enables proactive exception management from the TMS based on data-driven, predictive insights. Combining the best of MercuryGate and ClearTrack allows us to offer broader capabilities through a single provider, helping customers simplify their transportation management, manage costs, prevent risk and increase sustainability."

Financial terms were not disclosed.

About ClearTrack

ClearTrack is a leading provider of Supply Chain Management (SCM) software and interactive services. Through the creation, operation and delivery of innovative, cost-effective, reliable supply chain technology applications and services, ClearTrack empowers leading retail, brand and manufacturing companies to work better in a unified, virtual environment to realize clarity across the global trading network.

About MercuryGate

MercuryGate’s Smart Transportation™ suite provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, brokers and carriers. The comprehensive Software-as-a-Service (SaaS) product suite natively supports all transportation modes and segments, generating value for its users through improved cost, productivity and efficiency using artificial intelligence (AI), machine learning (ML) and connected technologies to adapt and automate transportation management functions. Smart Transportation makes shipping intelligent, simple, sustainable, and transformative for customers. Learn more about MercuryGate at www.mercurygate.com.

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Multiple Agilysys software systems on a single cloud-based platform will deliver operational efficiency and superior guest experiences across the soon to be largest resort entertainment complex in South Korea

ALPHARETTA, Ga. & INCHEON, South Korea--(BUSINESS WIRE)--Agilysys, Inc. (NASDAQ: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today announced a meaningful addition to its Asia-Pacific customer portfolio: Mohegan INSPIRE Entertainment Resort (“Mohegan INSPIRE”), which when completed will be the largest hotel-retail-entertainment complex in South Korea. Agilysys will deliver multiple hospitality systems to the property, including its core property management (PMS) and point-of-sale (POS) systems. The deal signifies key advancements for Agilysys in the Asia-Pacific region, including its first casino property and large-scale PMS deployment in South Korea.

Projected to open in 2023 as a $5 billion entertainment resort ultimately spanning more than 500,000 square meters, Mohegan INSPIRE is located an hour outside of Seoul and within the Incheon International Airport’s IBC development area, a major hub to Northeast Asia. Once completed, the complex will feature a three-tower luxury hotel with more than 1,300 five-star and six-star guest rooms, more than 20,000 square meters of luxury retail space, more than 20 food and beverage concepts, a 20,000 square meter casino, and the largest entertainment arena in South Korea.

Hospitality-focused innovation and the ability to deliver diverse personalized guest experiences at scale were meaningful considerations for the team evaluating systems to span the property.

Ioan Mitulescu, vice president of information technology for Mohegan INSPIRE Entertainment Resort, explained, “In order to future-proof our investment, it was important to our team to select a technology provider with extensive hospitality experience, an accelerating pace of ongoing innovation and a commitment to hospitality-focused research and development. Agilysys brings all three to the table, and we look forward to the level of guest engagement and exceptional personalized experiences that we will be able to provide through these integrated and feature-rich hospitality software solutions.”

The Mohegan INSPIRE team selected Agilysys’ Hospitality Cloud solutions in part for interoperability with other systems and the ability to create and maintain a single unified profile for each guest. The systems will help staff understand each guest’s preferences and interests across the many lodging, dining, activity, casino and other entertainment options the property will offer. The technology’s ability to scale easily to accommodate long-term growth while also ensuring a high Return on Experience (ROE) over time by adapting to changing guest and staff expectations also was a deciding factor in the selection.

Agilysys solutions help properties enable the highest ROE through staff-facing functionality that creates more engaged and empowered staff members as well as guest-facing features that ensure experiences at every touchpoint avoid disappointment and create champions so that guests return more often, spend more and post stronger reviews.

“The diversity of experiences that will be available at Mohegan INSPIRE is truly ground-breaking and we are proud to have our hospitality solutions acknowledged as the best choice for serving the broad needs of staff and guests at such an iconic property,” said Andrew Cox, APAC managing director for Agilysys. “Our 100-percent focus on delivering optimal hospitality experiences informs the future-forward research and development that keeps our solutions ahead in terms of versatility, scale and adaptability, all of which are vital to hospitality leaders in the Asia-Pacific region,” he added.

About Agilysys

Agilysys is well known for its long heritage of hospitality-focused technology innovation. The Company delivers modular and integrated software solutions and expertise to businesses seeking to maximize Return on Experience (ROE) through hospitality encounters that are both personal and profitable. Over time, customers achieve High Return Hospitality by consistently delighting guests, retaining staff and growing margins. Customers around the world include: branded and independent hotels; multi-amenity resort properties; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. The Agilysys Hospitality Cloud™ combines core operational systems for property management (PMS), point of sale (POS), and inventory and procurement (I&P) with Experience Enhancers™ that meaningfully improve interactions for guests and for employees across dimensions such as digital access, mobile convenience, self-service control, personal choice, payment options, service coverage and real-time insights to improve decisions. Core solutions and Experience Enhancers are selectively combined in Hospitality Solution Studios™ tailored to specific hospitality settings and business needs. www.Agilysys.com

Media Contacts:
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Jen Reeves, Agilysys, Inc., 770-810-6007, This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor Contact:
Jessica Hennessy, Agilysys, Inc., 770-810-6116, This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) will release financial results for the third quarter of 2022 before market open on Thursday, November 10, 2022.

Conference Call and Webcast Details

A conference call to review the Company’s financial results will take place at 11:00 a.m. (ET) on Thursday, November 10, 2022. It will be hosted by Chairman and Chief Executive Officer, Andrew Benedek, Chief Operating Officer, Yaniv Scherson, Chief Financial Officer, Paula Myson, and Chief Development Officer Hani Kaissi. An accompanying slide presentation will be posted to the Investor Relations section of the Company’s website shortly before the call.

To participate on the call, please sign up using the following pre-registration link to receive details on how to access the conference call:

• Conference Call Pre-registration: https://www.netroadshow.com/events/login?show=2ff12b22&confId=41423. You will receive your access details via email.

To listen to the webcast live:

• https://events.q4inc.com/attendee/698339687

The webcast will be archived and available in the Investor Relations section of our website following the call.

About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas (“RNG”), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events, including statements relating to the ability of our technologies and projects to address about two-thirds of all point source methane emissions and our business plans, growth strategies and ESG initiatives. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Company’s annual information form dated March 28, 2022 for the fiscal year ended December 31, 2021. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.

For further information please see: www.anaergia.com

For media relations please contact: Melissa Bailey, Director, Marketing & Corporate Communications, This email address is being protected from spambots. You need JavaScript enabled to view it.
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SEATTLE--(BUSINESS WIRE)--Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced third quarter 2022 financial results including the following highlights compared to the same quarter of 2021:

• Diluted Net Earnings Attributable to Shareholders per share (EPS¹) increased 22% to $2.54
• Net Earnings Attributable to Shareholders increased 15% to $414 million
• Operating Income increased 8% to $527 million
• Revenues increased 1% to $4.4 billion
• Airfreight tonnage volume and ocean container volume decreased 13% and 10%, respectively

“We continued to perform at a very high level, generating another strong quarter of financial performance and cash flow,” said Jeffrey S. Musser, President and Chief Executive Officer. “We accomplished this despite uncertain economic conditions that resulted in declines in tonnage and volumes, reductions in both buy and sell rates, and an overall rebalancing of capacity in the logistics freight markets. These conditions have continued in recent weeks and we believe that inflation, high energy costs, and government fiscal and monetary measures will continue to exert pressure on global supply chains. Additionally, many shippers are now looking to shrink retail inventories that were overstocked earlier in the year in reaction to COVID-related supply chain disruptions.

“All of our people and products performed well during the quarter, as buy and sell rates remained volatile while declining from their pandemic peaks. Once again, we were able to adjust quickly to rapidly evolving operating conditions in which pandemic-induced demand and supply chain constraints gave way to falling demand, and while not completely eliminated, an easing of many of the labor and equipment shortages and the bottlenecks that had so severely constrained capacity and impeded throughput at the ports over the past two years. We are also seeing air capacity return to higher levels, with Hong Kong and other origins in Asia reopening. In addition, the largely land- and port-based constraints that had so severely impacted the ocean market have significantly improved to where carriers are once again starting to manage capacity in certain trade lanes in an effort to address declining demand while sustaining falling rates.

“Based on what we currently see, these changing conditions that involve decelerating demand and an overall decline in rates are likely to continue for the remainder of 2022 and into 2023. Just as we quickly adapted to unprecedented operating conditions spurred by the pandemic, we are adjusting for this new operating environment and continue to make focused efforts to control costs. Most critically, we remain fully engaged with our customers to accommodate their needs for capacity and services, while looking forward to when the economy eventually reverses course and demand starts to increase again.”

Bradley S. Powell, Senior Vice President and Chief Financial Officer, added, “As we have commented previously, we did not expect the unprecedented COVID-related operating conditions to persist long-term. We believe we are now seeing a changing environment. While many concurrent disruptions continue to plague our industry, including the quarantines in China, the conflict in Ukraine, and the shortage of labor and certain equipment, conditions are starting to ease. We now believe we are seeing a shift towards slowing volumes and falling rates. We have been here before and know which levers to pull to enhance our efficiencies and control costs. We are ready to further align ourselves with a post-COVID environment of higher inflation and tapered demand. We do not know how long these new conditions will last. We will continue to invest appropriately for the long-term in our people, processes, and technology, and we believe we will be fully capable of meeting the eventual upturn in demand.” Mr. Powell noted that the Company benefitted from a favorable tax rate during the quarter and returned over $1 billion to shareholders via repurchased stock so far this year.

Expeditors is a global logistics company headquartered in Seattle, Washington. The Company employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions.

Disclaimer on Forward-Looking Statements:

Certain statements contained in this news release are “forward-looking statements,” based on management’s views with respect to future events and underlying assumptions that involve risks and uncertainties. These forward-looking statements include statements regarding the future stabilization of supply/demand imbalance and rate volatility; the continued unsettled operating environment due to uncertain air and ocean capacity; volatile air and ocean pricing and uneven demand for such services; port congestion; equipment imbalances; labor shortages; uncertain availability of warehouse and pier space; trade disruptions; rising fuels costs; the conflict in Ukraine; inflation, high energy costs, government fiscal and monetary measures, and signs of a slowing economy and drop in demand; and the uneven lifting of the COVID-19 pandemic restrictions around the world. Future financial performance could differ materially because of factors such as: our ability to leverage the strength of our carrier relationships to secure space; the strength of our non-asset-based operating model; our expectation that the supply/demand imbalance, rate volatility, and various on-shore bottlenecks may continue; our ability to control costs and continue to enhance our productivity; our ability to invest in our strategic efforts to explore new areas for profitable growth; and our ability to remain a strong, healthy, unified and resilient organization. The ongoing impact of the COVID-19 pandemic could have the effect of heightening many of the other risks described in Item 1A of our Annual Report on Form 10-K, including, without limitation, those related to the success of our strategy and desire to maintain historical unitary profitability, our ability to attract and retain customers, our ability to manage costs, interruptions to our information technology systems, the ability of third-party providers to perform and potential litigation as updated by our reports on Form 10-Q, filed with the Securities and Exchange Commission. These and other factors are discussed in the Company’s regulatory filings with the Securities and Exchange Commission, including those in “Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and the Company’s most recent Form 10-Q. The forward-looking statements contained in this news release speak only as of this date and the Company does not assume any obligation to update them except as required by law.

During the three and nine months ended September 30, 2022, we repurchased 4.5 million and 9.5 million shares of common stock at $103.56 and $106.84 per share, respectively. During the three and nine months ended September 30, 2021, we repurchased 0.6 million and 2.0 million shares of common stock at an average price of $124.95 and $110.45 per share, respectively.

Investors may submit written questions via e-mail to: This email address is being protected from spambots. You need JavaScript enabled to view it.. Questions received by the end of business on November 11, 2022 will be considered in management's 8-K “Responses to Selected Questions.”