Backed by EVLO 1000 battery storage units the project is the company’s first in Western Canada as it adds to its growing portfolio outside of Quebec.
VARENNES, Quebec--(BUSINESS WIRE)--EVLO Energy Storage Inc. (EVLO), a battery energy storage company and a subsidiary of Hydro-Québec, North America's largest renewable energy producer, is pleased to announce its participation in a renewable energy project in Summerland, British Columbia. EVLO partners with Wildstone Construction Group (Wildstone), a general contracting group named one of Deloitte’s Best Managed Canadian companies, and Skyfire Energy, Western Canada's leading solar panel installation contractor, to provide the District of Summerland with its first utility-scale solar installation that combines battery energy storage system (BESS) technology to extend the system’s output into the hours when energy demand is highest. The Summerland project includes a 0.4 MW solar array as well as four EVLO 1000 battery energy storage units and its proprietary EMS control system that will provide 4 MWh of storage capacity.
The storage system will enable peak shaving which will eliminate short-term demand spikes and lower peak loads, reducing the overall cost of demand charges. The solar installation will be geo-ballasted, meaning no ground anchors or concrete will be needed during construction of the array, helping minimize the carbon intensity of the project. More than 80% of the construction team is based locally in Okanagan.
EVLO’s battery technology and industry expertise are based on several decades of research and development on battery materials by Hydro-Québec, which has hundreds of patents in the field. Thanks to Hydro-Québec’s experience in the operation, control, and simulation of electric power systems, EVLO is uniquely positioned to develop products and services tailored to the specific needs of utilities and independent power producers. Founded in 2020, EVLO has several sites in operation and development across North America and France.
“We are honored to support this green energy initiative that stems from the district’s vision. As our first solar plus storage installation in Western Canada, EVLO is proud to work alongside Wildstone to provide our leading energy storage solutions and industry expertise for this first-of-its-kind project for the Summerland region,” said Sonia St-Arnaud, President and CEO at EVLO. “As we celebrate our second anniversary, this project builds upon our rapidly growing portfolio as we expand into markets throughout North America and abroad.
“Wildstone is thrilled to bring this solar plus storage project to Summerland and enter into the utility renewable energy space with our valued project partners, EVLO and Skyfire Energy,” said Mark Melissen, President at Wildstone. “Without their industry expertise and cost-effective solutions, none of this would have been possible.”
“Summerland is one of five municipalities in B.C. to own a local electrical utility, which provides us an opportunity to generate some of our own electricity and store it for later use at peak hours,” said District of Summerland Mayor Doug Holmes. “Storage capability is the key to helping us control costs and provide a more stable and resilient grid.”
About EVLO Energy Storage Inc.
Established in Québec, EVLO Energy Storage Inc. (EVLO) is a subsidiary of Hydro-Québec, North America’s largest renewable energy producer. EVLO is a turnkey energy storage systems provider offering customized battery energy storage systems and control software as well as installation, commissioning, monitoring and system management services. EVLO’s energy storage product line includes containerized utility-scale systems. For more information, visit https://www.evloenergy.com.
About Wildstone Construction Group
Founded in 1995 in Penticton, B.C., Wildstone Construction Group is a lean, self-perform general contracting group serving the western and northern Canadian markets. For more information, visit http://www.wildstone.com.
Media
Francis Labé
Spokesperson, Hydro-Québec
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Anne Vincent
Director, Communications and Marketing, EVLO
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450 400-2415
The 0.25% APR* auto loan discount encourages members to drive greener, helping the planet as well as their wallets
PASADENA, Calif.--(BUSINESS WIRE)--Southern California-based Wescom Credit Union has announced a Green Vehicle Loan discount for the purchase or refinance of a qualifying electric or hybrid vehicle. This 0.25% APR* discount is on top of Wescom’s already low auto loan rates.
“Wescom’s mission is to build better lives for Southern Californians and through this new Green Vehicle Loan discount initiative, we are able to promote sustainability while having a positive impact on our members’ wallets,” noted Jeff Smrcka, Vice President, Consumer Lending of Wescom Credit Union. “We know that many of our members – particularly our Millennial and Gen Z members – are concerned about the environment, so offering this corresponding loan discount is an additional way we can assist them in living their values every day.”
Anyone who qualifies to open an account with Wescom may apply for an auto loan with Wescom to take advantage of this 0.25% APR loan discount on the purchase or refinance of a qualifying electric or hybrid vehicle, with a minimum loan amount of $10,000. Wescom membership is also open to anyone who lives, works, worships, or attends school in Southern California, family members of a Wescom member, and individuals affiliated with, or support, UCLA outside of Southern California. Additional key benefits of buying or refinancing vehicles with Wescom include:
Wescom is proud to be a forward-thinking lender offering a loan discount to help individuals afford the purchase or refinance of a Green Vehicle. Southern California is one of the biggest markets for electric vehicles1 and on the state level, California is at the forefront of the electric vehicle movement and pushing for a zero-emission future by 2035. With fully electric vehicle sales exceeding fifteen percent of all new vehicle sales in California in mid-20222, Wescom’s Green Vehicle Loan discount initiative is a perfect fit for Southern Californians looking to be more environmentally conscious in the new year.
For more information or to apply for a Wescom vehicle loan, qualified members are encouraged to visit any Wescom branch or the Credit Union’s website.
About Wescom Credit Union
Since 1934, Wescom Credit Union has been dedicated to helping people throughout Southern California build better lives. Headquartered in Pasadena, California, Wescom has 24 branches and offers advanced digital banking tools to provide essential banking solutions to more than 200,000 members. Benefits include free checking with eStatements, lower loan rates, higher savings yields, reduced fees, and a robust network of branches and ATMs. #WescomKindness is an extension of Wescom Credit Union’s more than 88-year tradition of serving its community through such programs as The Wescom Foundation – the Credit Union’s employee-run charitable foundation. Wescom is federally insured by NCUA. For more information, please visit wescom.org.
*APR=Annual Percentage Rate. Must meet membership and account criteria. The 0.25% APR discount is applied to your approved auto loan rate. Loan must be for qualifying electric or hybrid vehicles to receive the 0.25% APR discount. $10,000 minimum loan amount. The no payment for up to 90 days option is available for qualified borrowers and for loan terms up to 72 months only. Finance charges begin to accrue immediately and are repaid over the life of the loan. As a result, you may pay higher total finance charges on the loan than if repayments began earlier. Terms and conditions apply and all loans subject to approval.
Insurance services offered through Wescom Credit Union, CA Ins. Lic. #0D64850. Wescom is neither affiliated with Autoland nor TrueCar.
1 https://abc7news.com/california-automotive-industry-electric-vehicles-ev/10902654/
2 https://www.greencarreports.com/news/1137003_ev-sales-crack-15-of-vehicle-market-in-california-tesla-continues-to-dominate
Audrey Chittick
GRAIL for Wescom Credit Union
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VANCOUVER, British Columbia--(BUSINESS WIRE)--Today, Carbin Minerals has unveiled a new brand identity and name - “Arca”. The update reflects the evolution of the company from its academic roots at the University of British Columbia to becoming the market leader in carbon mineralization. Arca is working to stop - and reverse - climate change by capturing carbon dioxide from the air and transforming it into rock. Arca is already collaborating with 11 mining companies and pre-sold over CDN$1M worth of carbon dioxide removal credits.
Arca’s technology accelerates a natural geochemical process called carbon mineralization, the transformation of atmospheric CO2 into stable carbonate materials. Carbon mineralization in ultramafic rocks represents a multi-gigatonne opportunity for large scale permanent carbon dioxide removal. In Latin, “arca” is a chest for safe and secure storage. The company’s mission is to restore the atmosphere by capturing and permanently locking away excess carbon dioxide from the air.
Arca partners with producers of critical metals - the mining companies delivering the minerals essential for the clean energy transition. Arca helps these companies transform their mine waste into industrial-scale direct air capture and storage facilities.
“After decades of fundamental scientific research, in the lab and in the field, we have discovered new ways to transform mine waste into a massive carbon sink,” said Prof. Greg Dipple, co-founder and Head of Science at Arca. “Our mineral activation technology significantly accelerates the natural process of carbon mineralization, transforming mine waste into a valuable new resource and climate solution.”
"The clean energy transition presents a challenge and a paradox. On the one hand, the world will need 10-20 times more nickel and other critical metals to successfully transition to clean energy. On the other hand, modern mining processes are carbon intensive," said Paul Needham, CEO of Arca. "We resolve that paradox by providing a pathway to carbon-negative mining."
Arca works with mining companies that are committed to the decarbonization of their operations. Engagements start with detailed asset portfolio reviews and progresses to material characterization and lab and field experiments to assess and quantify the carbon mineralization potential of mine waste. Then, Arca deploys its technologies on site to measure and maximize carbon mineralization, helping its partners produce carbon negative critical metals for the clean energy transition.
Arca’s technology has been recognized with a USD$1M XPRIZE Award for Carbon Removal, a Foresight50 award, and an SDTC Seed Fund grant. Arca has already pre-sold hundreds of tonnes of carbon dioxide removal (CDR) credits to Shopify and Frontier.
About Arca
Arca is the leader in carbon mineralization. The company is working to stop - and reverse - climate change by capturing carbon dioxide from the air and transforming it into rock. Co-founded by Professor Greg Dipple and other geoscientists from the University of British Columbia, Arca has developed technologies that accelerate a natural geochemical process called carbon mineralization. Arca works with producers of critical metals to decarbonize their mining operations and scale production of carbon-negative metals and minerals for the clean energy transition. For further information, please visit: www.arcaclimate.com
Media:
Jason Kinnear
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647-291-8026
DUBLIN--(BUSINESS WIRE)--The "Hydrogen Fueling Station Market By Station Type, By Vehicle Type, By Vehicle Technology, By Delivery Methods: Global Opportunity Analysis and Industry Forecast, 2025-2035" report has been added to ResearchAndMarkets.com's offering.
According to the report, 'Hydrogen Fueling Station Market,' the hydrogen fueling station market was valued at $1.1 billion in 2025, and is estimated to reach $22 billion by 2035, growing at a CAGR of 35.4% from 2025 to 2035.
The concept of a hydrogen fueling station is typically attributed to hydrogen or fuel cell electric vehicles (FCEVs) that provide a practical alternative to zero-emission mobility compared to battery electric vehicles (BEV). The hydrogen fueling station is built with a wide range of compressors and accumulators to effectively store & fill liquefied or gaseous hydrogen. Stations dispense hydrogen as a compressed gas at pressures of 10,000 psi (H70) for light-duty vehicles and 5,000 psi (H35) for all other vehicles.
The fueling station has a storage tank based on the station's location and capacity, in which hydrogen can be stored as a liquid, a low-pressure gas, or a high-pressure gas. Presently, governments across the globe are promoting the use of hydrogen-powered vehicles to reduce carbon emissions and save fuel.
For instance, in 2019, European Union (EU) started the H2Haul project, which is expected run for five years. This EU-funded project aims to deploy 16 zero-emission fuel cell vehicles at four sites, i.e., Germany, Belgium, Switzerland, and France, by 2024. Moreover, the California Air Resources Board (CARB), Toyota, Shell, and Kenworth started the $82 million Zero-Emission and Near Zero-Emission Freight Facilities (ZANZEFF) project.
In addition, the hydrogen fueling station market has witnessed significant growth in recent years, owing to increased demand for improved vehicle performance and the inclination of consumers toward environment-friendly vehicles. Furthermore, the companies operating in the market have adopted partnerships, investments, and business expansions, to increase their market share and expand their geographical presence.
For instance, in October 2021, Linde plc. announced the start of its new hydrogen production facility in Texas. This bought Linde's total U.S. Gulf Coast hydrogen capacity to approximately 1.5 billion cubic feet per day. This helped them expand their offerings for hydrogen fueling stations across the U.S. Also, in December 2021, ITM Power PLC partnered with Shell, one of the largest oil companies in the world, to construct a hydrogen refueling station (HRS) at the Shell Filling Station, Beaconsfield. This increased its market presence across the UK.
The factors such as stringent government regulations to control increasing pollution, high suitability of hydrogen as fuel, and increase in R&D activities related to hydrogen fuel cell technology supplement the growth of the hydrogen fueling station market.
However, high initial expenditure for producing hydrogen and lack of fuel infrastructure are the factors expected to hamper the growth of the market. In addition, technological advancements and future potential in the hydrogen fuel cell vehicle and increase in investments & encouragement in administrative policy framework create market opportunities for the key players operating in the market.
Key Benefits For Stakeholders
Key Market Segments
By Station Type
By Vehicle Type
By Vehicle Technology
By Delivery Methods
Key Market Players
Key Findings of the Study
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HYDROGEN FUELING STATION MARKET, BY STATION TYPE
CHAPTER 5: HYDROGEN FUELING STATION MARKET, BY VEHICLE TYPE
CHAPTER 6: HYDROGEN FUELING STATION MARKET, BY VEHICLE TECHNOLOGY
CHAPTER 7: HYDROGEN FUELING STATION MARKET, BY DELIVERY METHODS
CHAPTER 8: HYDROGEN FUELING STATION MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/1wqtsd
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Company announcement is part of a larger initiative to propel industry-focused opportunities.
SAN DIEGO--(BUSINESS WIRE)--Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada”), a problem-solving innovator that takes on complex, multi-disciplinary challenges in health care, clean energy, precision manufacturing, and technology, today announced a new operating structure in response to accelerated company growth and a renewal to its corporate vision. At the heart of this new operating model is a change of the company’s health division name from Dalrada Health to Genefic.
In the 2022 fiscal year, Dalrada Health experienced strong revenue growth of $13.6 million, representing a 683% year-over-year increase. This growth reflects the demonstrated demand within today’s health environment for core, frontline health products and services – including robust virus and disease-screening capabilities, pharmaceutical goods, and holistic wellness clinics.
Under the new operating structure, Genefic (formerly Dalrada Health) will be separated from the other wholly-owned subsidiaries of Dalrada: Dalrada Energy Services, Dalrada Technologies, and Dalrada Precision Manufacturing. This will allow for anticipated growth in each respective sector. Further, it will allow each individual sector to focus on product and technology development, while simultaneously ensuring Genefic can concentrate its efforts solely on the healthcare market. Genefic will continue to be 100% owned by DFCO, with financial reporting to remain unchanged.
“I am pleased to announce a new operating model to prepare and support the exponential growth of Dalrada Health,” said Brian Bonar, Dalrada’s Founder and Chief Executive Officer. “At this time, Dalrada Health will assume the name ‘Genefic.’ Additional changes will include a new board structure, an appointment of a Chief Executive Officer and Chief Operating Officer (both of which are expected to be made from the existing management pool), a new operating location, and a new website. All of these changes are specifically designed to support the new company in its mission, goals, and services.”
Mr. Bonar continued, “Genefic will focus on improving health outcomes for people around the world through reimagined patient care. This will be achieved by employing the latest technological advances and redesigning current staffing and health care work models, among others.”
For additional information on Dalrada and its subsidiaries, please visit www.dalrada.com.
About Dalrada Financial Corporation
Dalrada Financial Corporation (OTCQB: DFCO) is a forward-facing organization that continually produces disruptive products and services that accelerate positive change for current and future generations.
Since 1982, Dalrada has redefined possibilities while boldly addressing global challenges with transformative innovations that drive targeted advances in emerging markets for a new era of human behavior and interaction, ensuring a bright future for the world around us.
Dalrada Financial Corporation is committed to positively impacting people, businesses, and the planet through sustainable solutions. For more information, please visit www.dalrada.com, and follow us on Twitter, Facebook, and LinkedIn.
About Genefic
With a dedicated commitment to health and wellness and improved patient care, Genefic delivers with bold ingenuity. Genefic creates key products and services and builds comprehensive solutions that provide better outcomes through reimagined health care systems. From virus and disease screening capabilities to pharmaceutical goods and holistic wellness clinics, Genefic creates health innovations that make positive impacts around the world. To learn more, visit www.genefic.com.
Disclaimer
Statements in this press release are not historical facts. The statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the US Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.
Michael Eslinger (This email address is being protected from spambots. You need JavaScript enabled to view it.)
Technology Veteran to Lead Company’s Enterprise Data, Systems, and Processes at Scale.
HOUSTON--(BUSINESS WIRE)--Quorum Software (Quorum), a global software leader dedicated to the energy industry, today announced that Jan Manning has been named Chief Information Officer. In this role, she will be responsible for leading Quorum’s information technology and security organization to ensure the needs of both internal and external customers are met.
“As Quorum continues to grow, scaling our IT, cloud operations, and security organization remains a top priority to support our customers and internal systems,” said Paul Langenbahn, CEO of Quorum Software. “Jan has extensive experience building and leading strategic initiatives and teams within information technology, and I’m confident that she will serve Quorum well in driving our cloud-first strategy and overall goal of connecting people, workflows, and systems across the energy ecosystem.”
Prior to joining Quorum, Manning served as Chief Information Officer at several other reputable software and technology companies, including Forescout Technologies, Inc., DATASCAN, and Gemalto. As CIO of these companies, her duties included implementing corporate application and infrastructure standards and eliminating technology inefficiencies, building proactive customer managed services teams, overseeing IT operations and security, leading strategic planning and vendor negotiations, and much more.
“There’s never been a more exciting time to be working in the technology sector and by leveraging the many capabilities of the cloud to unlock more efficient workflows and lay the foundation for long-term agility,” said Jan Manning, Chief Information Officer at Quorum Software. “I look forward to bringing my software experience and IT leadership to Quorum to assist them in achieving the accelerated results that can be experienced with technology today.”
Manning earned her Bachelor of Science in Business Management and Computer Science from the University of Maryland Global Campus.
To learn more about Quorum Software, visit www.quorumsoftware.com.
About Quorum Software
Quorum Software is a leading provider of energy software worldwide, serving more than 1,800 customers across the entire energy value chain in 55 countries. Quorum’s solutions power growth and profitability for energy businesses by connecting people, workflows, and systems with decision-ready data. Twenty years ago, we delivered the industry’s first software for gas plant accountants, and today our solutions streamline business operations with industry forward data standards and integrations. The global energy industry trusts Quorum’s experts and applications to successfully navigate the energy transition while delivering value today and into the future. For more information, visit quorumsoftware.com.
Media
Lauren Force
PAN Communications
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Experienced Project Developer Enhances Spearmint’s Talented Senior Leadership Team
MIAMI--(BUSINESS WIRE)--Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced that Peter K. Rood, former Chief Development Officer at GlidePath Power Solutions LLC (“GlidePath”), has joined the Company as Chief Development Officer. In this role, Mr. Rood will oversee the development, construction, and operations of Spearmint’s battery energy storage projects.
A well-recognized leader in renewable and energy storage project development, Mr. Rood brings nearly 20 years of industry experience to Spearmint, most recently leading the creation of an energy storage pipeline of over 3.3 GW / 11 GWh across 20+ major U.S. power markets including building the team and infrastructure to support it. Having deployed over $4 billion of capital across 2.9 gigawatts of developed capacity throughout his career, Mr. Rood will leverage his track record to advance Spearmint’s battery energy storage development pipeline.
“Peter is a seasoned battery energy storage project developer, whose proven construction management, project financing, transaction and off-take experience will play a critical role in the successful growth of Spearmint’s BESS portfolio,” said Andrew Waranch, Founder, President, and Chief Executive Officer of Spearmint. “We look forward to benefiting from Peter's expertise managing greenfield development through construction and deep network of counterparty relationships as we build upon our robust pipeline of opportunities. We are thrilled to welcome him to the Spearmint team.”
Mr. Rood’s appointment follows the start of construction of Spearmint’s inaugural battery energy storage project, Revolution, a 300 MWh project in West Texas, which is expected to begin operation in mid-2023 as one of the largest batteries in the United States.
Mr. Rood added, “I am excited to join Spearmint at a defining time for the North American battery energy storage industry, as both the opportunity and demand for BESS developments continue to flourish. As a battery energy storage developer, owner, operator and trader, Spearmint is well-positioned to quickly become a market leader in helping to reduce grid volatility and increase system resiliency. Revolution is just the first battery energy storage project in what I am confident will soon become a significant portfolio of assets that help to reduce carbon emissions in a responsible and efficient way.”
At GlidePath, Mr. Rood was responsible for establishing and executing all development activities related to the company’s battery, solar, wind, and gas generation portfolio in the U.S. Previously, he served as a Vice President for Renewable Energy Systems (RES) Americas Inc., where he oversaw over 4,000 MW of wind, solar PV, and battery storage development in the northern U.S. Earlier in his career, Mr. Rood served in development-related roles at NRStor Inc., General Compression Inc., and Acciona Energy North America. He earned a B.S. in Renewable Natural Resources from the University of Arizona.
About Spearmint Energy
Founded by energy industry veteran Andrew Waranch in partnership with Kevin Kelley, CEO of Roscommon Analytics LLC, Spearmint is a next generation renewable energy company enabling the clean energy revolution through battery energy storage. The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading. For more information, please visit: https://www.spearmintenergy.com/
Amanda Shpiner/Sara Widmann
Gasthalter & Co.
(212) 257-4170
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Kasarabada to offer engineering and environmental solutions expertise on nonprofit board
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Ajay Kasarabada, Associate Vice President and Director of Environmental Solutions for Black & Veatch, is now a member of the board of directors for U.S. nonprofit Transportation Energy Partners (TEP). TEP brings Clean Cities Coalition leaders together with the clean transportation industry to work on increasing the use of sustainable fuels.
“We welcome Ajay’s wealth of knowledge and expertise to our board,” said Alleyn Harned, President of TEP. “As a part of the TEP board, Ajay will have opportunities to work with Clean City Coalition partners and leaders to understand how policy decisions impact their priorities and structure Black & Veatch solutions to help cities and governments in their quest to achieve their decarbonization goals.”
Kasarabada, a 23-year Black & Veatch veteran, brings experience in air quality and greenhouse gas emissions, distributed generation and renewable energy, electrification and decarbonization road mapping. He has helped deliver resilient, sustainable, and cost-effective energy solutions to energy clients, water and wastewater utilities, transit districts, and critical infrastructure facilities.
“TEP’s work to bring together Clean Cities coalitions is pivotal to advancing sustainability efforts and aligns with our focus areas and capabilities,” Kasarabada said. “At Black & Veatch, we are provided unique opportunities to utilize our expertise in renewable energy, decarbonization and transportation to work with leaders and partners to better understand how their decisions impact sustainability, business growth and resiliency goals.”
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
About Transportation Energy Partners
Transportation Energy Partners (TEP) is a national, non-profit organization that brings Clean Cities Coalition leaders together with the clean transportation industry to achieve energy independence by promoting policies that advance markets for cleaner fuels and vehicles. TEP works closely with and provides educational and policy support to the nearly 90 Clean Cities coalitions and their 15,000 stakeholders that participate in the U.S. Department of Energy Clean Cities program. As a result of some TEP efforts, leaders at all levels of government are better served with funding for the deployment of clean vehicles, fuels and infrastructure. Learn more about TEP here.
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Powered by a partnership with WattBuy, the feature also estimates how much homeowners could save in energy costs by adding solar panels
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate company, today added energy cost estimates for more than 85 million homes across the U.S. Through a partnership with energy software company WattBuy, consumers can now use Redfin to better understand the costs of living in a home, including utility bills that can be tricky to predict but meaningfully contribute to a homeowner’s total monthly costs.
Each eligible Redfin home detail page now displays an estimate for the home’s monthly electricity usage, bill, and seasonal changes in electricity usage and cost. It also estimates how much homeowners could save on long-term energy costs by installing solar panels. The feature is located directly below Redfin’s existing payment calculator, allowing buyers to better understand and compare financial costs between homes and helping homeowners discover whether investing in solar energy systems could result in long-term savings.
“It’s important for house hunters to understand how much it's going to cost to live in a given home,” said Redfin Chief Growth Officer Christian Taubman. “Our research shows that many movers assume their utility costs will be similar in their new home, but that's sometimes way off-base. By showing this information from WattBuy for every home, we’re giving homebuyers the information they need to make better decisions. We're also letting millions of homeowners know how much they can bring down their utility costs by installing solar panels."
Redfin now displays energy cost information on both for-sale and off-market homes and the experience is tuned to each different type of user. The feature highlights estimated electricity costs for buyers visiting for-sale homes and solar savings for owners visiting off-market detail pages, helping consumers understand the information that is most relevant to them. The feature is currently available for more than 85 million U.S. homes on Redfin.com.
“As forward-thinking businesses like Redfin realize how important energy cost reductions, rooftop solar, and sustainability solutions are to their customers, WattBuy is meeting this new need,” said Naman Trivedi, WattBuy CEO. “Our APIs make it simple for consumer-facing companies to help their customers understand current energy usage and take the steps needed to lower their energy costs and their carbon footprint. As the technology-powered real estate company, Redfin was the obvious partner to debut this new feature.”
Redfin added utility data as part of its continued commitment to providing the most complete and relevant real estate information, as well as its ongoing effort to educate consumers about housing sustainability and the impacts of climate change. In the past year, Redfin has, among other initiatives:
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email This email address is being protected from spambots. You need JavaScript enabled to view it.. To view Redfin's press center, click here.
About WattBuy
WattBuy empowers consumers to make smarter, cleaner energy choices through its marketplace of electricity solutions. The company's comprehensive set of APIs helps leading real estate platforms, insurance companies, and consumer enterprises provide their customers with clean energy solutions and personalized energy analytics. For more information about WattBuy, please visit https://wattbuy.com/
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Redfin Journalist Services:
Erin Osgood, 206-588-6863
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Hydrogen Producers, End-Users, Infrastructure Companies, World-Class Technology Experts, and More Collaborate to Catalyze a Hydrogen Economy in Northern Appalachia
CHARLESTON, W.Va.--(BUSINESS WIRE)--The Appalachian Regional Clean Hydrogen Hub (ARCH2) team has been notified by the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) that it has been encouraged to submit a full application for the regional clean hydrogen hub Funding Opportunity Announcement (FOA) as designated in the bipartisan Infrastructure Investment and Jobs Act.
ARCH2 was formed through a partnership with the State of West Virginia, EQT Corporation, the nation’s largest natural gas producer, Battelle and GTI Energy, all with expertise executing clean energy programs for the federal government, and Allegheny Science & Technology (AST), a leading West Virginia energy technology consulting firm. Since the partnership was publicly announced, ARCH2 has added strategic partners that now include over 120 private sector industry leaders, utilities, universities, non-profits, transportation, and state agencies interested in building a hydrogen economy in northern Appalachia.
Concentrated in Appalachian counties as defined by the Appalachian Regional Commission (ARC) across West Virginia, Ohio, Pennsylvania, and Kentucky, ARCH2 will leverage diverse regional resources to build a sustainable clean hydrogen hub that can scale and integrate into a national clean H2 network. The region is the ideal location for a clean hydrogen hub, due to its unique access to ample low-cost natural gas feedstock, end-user demand, workforce and technology capability, and carbon sequestration potential.
ARCH2 will be a key foundational component of America’s transition toward decarbonization. The ARCH2 team is composed of entities with operations across the Appalachian region spanning the hydrogen value chain as well as energy technology organizations, including the National Energy Technology Laboratory, consultants, academic institutions, community organizations, and NGOs that will provide commercial, technical, and programmatic leadership for the development and buildout of the hub.
“There is a tremendous opportunity to demonstrate how natural gas can play a leading role in the world’s transition to lower carbon energy solutions,” said Toby Z. Rice, President and CEO of EQT Corporation. “The world is demanding cheaper, more reliable and cleaner energy. We believe the use of Appalachia’s extremely low emissions natural gas to create clean hydrogen can act as a strategic foundation for America’s transition toward decarbonization.”
“We are pleased the ARCH2 team has been encouraged by the DOE to submit our full application,” said Battelle President and CEO Lou Von Thaer. “The team comprises world-class organizations committed to working collaboratively to build a hydrogen economy in northern Appalachia that will advance our country’s long-term energy strategy.”
“Through a collaboration with experienced industry partners, we will leverage the existing infrastructure and abundant energy resources of the Appalachian region to enable clean, economy-scale hydrogen production,” said Dr. Paula Gant, President and CEO of GTI Energy. “DOE’s encouragement to move forward signals the potential for the ARCH2 hub to make major economic and environmental impacts in a historically underserved part of the country.”
“AST believes the ARCH2 proposal will drive significant economic growth and strategic value in Appalachia,” said Arria Hines, CEO. “AST has long supported the development of hydrogen as a fundamental building block of a clean energy future.” Hines noted further, “With the Appalachian region’s rich natural and human resources, I am confident that the ARCH2 team will secure a regional hydrogen hub and lead the effort to make Appalachia the nation’s ‘one-stop shop’ for hydrogen.”
“We are grateful to receive encouragement from DOE on ARCH2’s concept paper. This is an important milestone. I am excited to partner with our neighboring states to put forward a winning application,” said Secretary of Economic Development Mitch Carmichael. “West Virginia continues to have a growing and diverse energy portfolio with natural resources that are vital to a successful hydrogen hub. We are proud of our regional partners and industry in West Virginia and the Appalachian region that is leading the way to develop a supply for low-carbon hydrogen for the energy needs of the United States.”
Entities interested in participating in ARCH2 are encouraged to contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
About Battelle
Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.
About GTI Energy
GTI Energy is a leading research and training organization. Our trusted team works to scale impactful solutions that shape energy transitions by leveraging gases, liquids, infrastructure, and efficiency. We embrace systems thinking, open learning, and collaboration to develop, scale, and deploy the technologies needed for low-carbon, low-cost energy systems. www.gti.energy
About EQT
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.
About AST
AST is an energy solutions firm harnessing world-class agile expertise in applied science, energy efficiency, data analytics, and decision support tools to help build a better world. Utilizing scientists, consultants, and subject matter experts, AST delivers innovative solutions that drive clean, affordable, and sustainable energy technologies for its clients.
State of West Virginia Contact
Andy Malinoski
Director, Marketing and Communications, WV Dept. of Economic Development
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EQT Contact
Bridget McNie
Director of Communications
412.720.4500
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Battelle Contact
Katy Delaney
Director of Media Relations
614.424.7208
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GTI Energy
Diane Miller
Director of Marketing Communications
847.768.0683
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AST Contact
Stephanie Pethtel
Director of Marketing Communications
304.657.9107
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DUBLIN--(BUSINESS WIRE)--The "Cumene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global cumene market size reached US$ 19.4 Billion in 2021. Looking forward, the market is set to reach US$ 25.6 Billion by 2027, exhibiting a CAGR of 4.73% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Cumene is a crucial component in the manufacturing of refined crude oil and fuels and is also used as a chemical base to produce cumene hydroperoxide, phenol and acetone. It is also utilized in the manufacturing of various petroleum-based products, such as thinners, additives, enamels, lacquers, adhesives, sealants and solvents in paints. As a result, it finds extensive applications across various industries, such as chemical, petrochemical, plastic and oil and gas.
Significant growth in the plastic industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the widespread adoption of acetone as an industrial solvent is providing a thrust to the market growth.
Acetone is a widely used as a by-product of cumene that is further used in the manufacturing of bisphenol A (BPA) and methyl methacrylate (MMA) in various pharmaceutical and cosmetic products. It is also a natural component of coal tar and crude oil and can be used as a blending component in gasoline.
In line with this, cumene is also used to produce acrylic sheets, laminates and composites, which are extensively utilized in construction, automotive and medical applications. Additionally, various product innovations, such as the development of food-grade cumene for polycarbonate plastic-based containers and bottles, are contributing to the market growth.
Other factors, including rapid industrialization, along with the increasing consumer demand for high octane cumene-derivatives, are anticipated to drive the market further.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Manufacturing Process:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
For more information about this report visit https://www.researchandmarkets.com/r/krasl1
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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CHICAGO--(BUSINESS WIRE)--LanzaTech NZ, Inc. (“LanzaTech”), an innovative carbon capture and transformation (“CCT”) company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives, today announced that AMCI Acquisition Corp. II (“AMCI”) (Nasdaq: AMCI) has scheduled a special meeting of its stockholders (the “Special Meeting”) for February 1, 2023 at 11:00 a.m., Eastern Time, to approve the proposed business combination (the “Business Combination”) with LanzaTech.
AMCI also announced that it has filed its definitive proxy statement/prospectus for the Special Meeting, and has commenced mailing the definitive proxy statement/prospectus to its stockholders of record as of December 28, 2022, the record date for the Special Meeting (the “Record Date”). The closing of the Business Combination is subject to approval by AMCI’s and LanzaTech’s stockholders and the satisfaction of other customary closing conditions and is expected to close as soon as practicable following the Special Meeting.
Dr. Jennifer Holmgren, Chief Executive Officer of LanzaTech, said “We are thrilled to reach this important milestone in our journey towards becoming a public company via our partnership with AMCI. This transaction will enable a significant acceleration in the deployment of our CCT technology, bringing us as a society, one step closer to achieving a circular carbon economy and finding a solution for the challenges of decarbonizing modern heavy industry.”
If you are a stockholder entitled to vote at the Special Meeting, your vote is important no matter how many shares you own. You are encouraged to submit your vote as soon as possible. If you hold your shares in “street name,” meaning that your shares are held in an account at a brokerage firm, bank or other similar agent, you may vote prior to the Special Meeting by using your voting control number and instructions provided to you by your brokerage firm, bank or other similar agent. Please contact your brokerage firm, bank or other similar agent to ensure your shares are voted. If you are a stockholder of record, you may vote prior to the Special Meeting by signing, dating, and mailing your proxy card in the return envelope provided with your proxy material.
If any AMCI stockholder has any questions, needs assistance in voting their shares or does not receive the Proxy Statement, that stockholder should contact their broker or Morrow Sodali, AMCI’s proxy solicitor, at (800) 662-5200, or by email to This email address is being protected from spambots. You need JavaScript enabled to view it..
As announced on March 8th, 2022, LanzaTech has entered into a merger agreement with AMCI. Upon closing of the Business Combination, the combined company will be renamed LanzaTech Global, Inc. and its common stock is expected to be listed on Nasdaq under the ticker symbol “LNZA.”
Important Information About the Business Combination and Where to Find It
The Business Combination will be submitted to stockholders of AMCI for their consideration. AMCI has filed a registration statement on Form S-4 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) which includes both a prospectus with respect to the combined company’s securities to be issued in connection with the Business Combination and a proxy statement to be distributed to AMCI's stockholders in connection with AMCI's solicitation of proxies for the vote by its stockholders in connection with the Business Combination and other matters as described in the Registration Statement. AMCI urges its investors, stockholders and other interested persons to read the definitive proxy statement/prospectus, as well as other documents filed by AMCI with the SEC, because these documents contain important information about AMCI, LanzaTech and the Business Combination. AMCI has mailed the definitive proxy statement/prospectus to its stockholders of record as of the Record Date for voting on the proposed Business Combination. Stockholders can also obtain a copy of the Registration Statement, including the definitive proxy statement/prospectus, as well as other documents filed with the SEC regarding the Business Combination and other documents filed by AMCI with the SEC, without charge, at the SEC's website located at www.sec.gov or by directing a request to: AMCI Acquisition Corp. II, 600 Steamboat Road, Greenwich, CT 06830.
Participants in the Solicitation
AMCI and LanzaTech and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the proposed Business Combination under the rules of the SEC. Information about the directors and executive officers of AMCI is set forth in the Registration Statement and included in the definitive proxy statement/prospectus. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of AMCI stockholders in connection with the proposed Business Combination is set forth in the Registration Statement and included in the definitive proxy statement/prospectus. Stockholders, potential investors and other interested persons should read the definitive proxy statement/prospectus carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
Forward-Looking Statements
This press release includes forward-looking statements regarding, among other things, the plans, strategies and prospects, both business and financial, of AMCI and LanzaTech. These statements are based on the beliefs and assumptions of the management of AMCI and LanzaTech, respectively. Although AMCI and LanzaTech believe that their respective plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, neither AMCI nor LanzaTech can assure you that either will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends" or similar expressions. The forward-looking statements are based on projections prepared by, and are the responsibility of, AMCI's management and LanzaTech's management, respectively. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of AMCI and LanzaTech, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. New risk factors that may affect actual results or outcomes emerge from time to time and it is not possible to predict all such risk factors, nor can AMCI or LanzaTech assess the impact of all such risk factors on its business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to AMCI, LanzaTech or persons acting on their behalf are expressly qualified in their entirety by the foregoing cautionary statements. AMCI and LanzaTech prior to the Business Combination, and the combined company following the Business Combination, undertake no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Non-Solicitation
This press release shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities, in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
About LanzaTech
Headquartered in Skokie, Ill., LanzaTech transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products. Using a variety of waste feedstocks, LanzaTech’s technology platform highlights a future where consumers are not dependent on virgin fossil feedstocks for everything in their daily lives. LanzaTech’s goal is to challenge and change the way the world uses carbon, enabling a new circular carbon economy where carbon is reused rather than wasted, skies and oceans are kept clean, and pollution becomes a thing of the past. For more LanzaTech visit https://lanzatech.com.
About AMCI Acquisition Corp. II
AMCI Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger with a business focused on decarbonizing the heavy industrial complex and transitioning the global energy mix to a lower carbon footprint. AMCI's sponsor is an affiliate of the AMCI group of companies. AMCI invests in and operates industrial businesses focused on natural resources, transportation, infrastructure, metals and energy. AMCI has now invested over $1.7 billion in 40 industrial companies and has an existing portfolio consisting of 21 companies located around the world. AMCI is led by Chief Executive Officer Nimesh Patel, President Brian Beem, and Chief Financial Officer Patrick Murphy.
Media Contact - LanzaTech
Freya Burton, Chief Sustainability Officer
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Investor Relations Contact - LanzaTech
Omar El-Sharkawy
Director, Corporate Development
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DUBLIN--(BUSINESS WIRE)--The "Personal Lubricant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global personal lubricant market size reached US$ 1.13 Billion in 2021. Looking forward, the market to reach US$ 1.73 Billion by 2027, exhibiting a CAGR of 7.36% during 2021-2027.
Personal lubricant refers to specialized lubes, liquids, and gels that are applied on individuals' private parts, including the vagina, anus, and penis, to reduce pain and friction during masturbation and sexual intercourse, providing a pleasurable experience. It is manufactured from the combination of various ingredients, such as glycerin, purified or deionized water, vinyl dimethicone, polyethylene glycol, hydroxyethyl cellulose, and carboxymethyl cellulose.
Currently, personal lubricant is commercially available in water-, silicone-, oil-, and hybrid-based product types. They help relieve pain, curl vaginal dryness or chafing, mitigate irritations, reduce the risk of injuries, and provide protection against sexually transmitted infections (STIs), including human immunodeficiency virus (HIV). Based on these properties, personal lubricant is used to enhance arousal and allow deeper penetration.
Personal Lubricant Market Trends:
The increasing need for various personal care products and the rising prevalence of vaginal dryness and erectile dysfunction has facilitated the widespread adoption of personal lubricants as a practical substitute to improve the sexual experience, which, in turn, is majorly driving the market growth.
Additionally, the extensive utilization of water-based personal lubes due to their gel-like structure, proven efficiency, easy-to-clean formula, and higher compatibility with condoms and sex toys are acting as another growth-inducing factor.
In line with this, the advent of premium medicated lubricants in diverse types and flavors, such as k-y jelly and Replens, and their availability across online and offline drug and grocery stores are propelling the market growth. Such products help deal with excess dryness and vaginal tears that might cause STIs.
Apart from this, the escalating consumer awareness regarding the diverse usability of the product and favorable initiatives undertaken by governments and non-governmental organizations (NGOs) to offer proper sex education in educational settings to sensitize younger demographics are creating a positive outlook for the market.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Type:
Breakup by Gender:
Breakup by Distribution Channel:
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
For more information about this report visit https://www.researchandmarkets.com/r/sq0q20
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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First-of-its-Kind Study of Illinois Energy Transformation Identifies Job Training Needs
Also Projects Clean Energy Transition Could Create More Than 40,000 New Jobs in Illinois by 2030
CHICAGO--(BUSINESS WIRE)--National economic and workforce applied research firm BW Research today released a first-of-its-kind study in Illinois that found that the transition to clean energy could create a net increase of more than 150,000 jobs for the state by 2050. The study was commissioned by ComEd to better understand the economic and workforce development challenges and opportunities communities will face in the transition to clean energy; the results is a statewide and regional job analyses.
“As evidenced by this foundational study, Illinois stands to gain tens of thousands of good-paying jobs from the transition to a clean energy future – and we must ensure that all communities benefit from this economic opportunity,” said ComEd CEO Gil Quiniones. “This research will help ensure that, working with community partners, we can build a diverse pipeline of talent ready to power the state’s journey to a cleaner, brighter future.”
The study examines the impacts to regional and statewide employment from two scenarios on the transition to a net zero energy future. It captures initial and secondary employment outputs across four sectors of the economy – electricity, fuels, transportation and buildings – and assesses opportunities for growth and areas of displacement across these four sectors to determine employment outcomes.
To complement BW Research’s analysis, ComEd conducted in-depth interviews with more than a dozen local business and community groups, ranging from workforce development organizations and educational institutions to labor unions. The study incorporates insights from these interviews on the impacts of the economy and pandemic recovery on the local workforce, the effect of decarbonization on the region’s future workforce, and the need for public-private partnership to prepare for workforce needs in coming decades.
“This study shows us that we’re at a unique moment in the energy space that offers a tremendous opportunity to create new jobs and bring economic prosperity to communities across Illinois,” said Don Finn, Business Manager and Financial Secretary for IBEW Local 134. “We’re hopeful that we can attract new jobseekers and build a diverse talent pipeline to support Illinois for generations to come.”
The first scenario assumes a business-as-usual approach that examines the impact of decarbonization driven by laws such as Illinois’ Climate and Equitable Jobs Act (CEJA) and the federal Inflation Reduction Act (IRA) on employment across the state. It assumes no additional efforts to accelerate the electrification of transportation, buildings or industry. Under this scenario, Illinois would see a net increase of 15,000 jobs between 2021 to 2030 and an increase of 38,000 jobs between 2021 to 2050.
The second scenario includes the job projections under the business-as-usual approach but also factors in additional actions beyond CEJA and the IRA to achieve economywide decarbonization by 2050, with high levels of electrification and a significant role for hydrogen and gas backup for heating. This scenario finds a net increase of 41,000 jobs in Illinois between 2021 and 2030 and a net increase of 151,000 jobs between 2021 to 2050.
These scenarios are the same as two of the scenarios identified in a recent independent study by national sustainability firm Energy and Environmental Economics, Inc. (E3) that outlines pathways for Illinois to achieve full, economy-wide decarbonization by 2050, consistent with the state’s pledge as part of the U.S. Climate Alliance to pursue the Paris Agreement.
“Our clean energy future is going to create more and better paying jobs, and education and job training will be critical in our work to ensure all communities benefit from this economic opportunity,” said Juan Salgado, Chancellor of City Colleges of Chicago. “This study will help us better expand existing educational programs and build new ones that will ensure the future workforce has the training and stackable skills necessary to thrive in this sector.”
The study also revealed that, under both scenarios, job quality would improve, with high paying and mid-wage jobs expected to increase by roughly seven percent under the business-as-usual scenario to 17 percent under a moderate electrification scenario.
“We are working to ensure underserved communities across Chicago have access to good-paying jobs and the necessary training to qualify for these jobs,” said Andrew Wells, Vice President of Workforce Development for the Chicago Urban League. “Working with ComEd and others, we are committed to maximizing the opportunities presented by the clean energy future to benefit every person, particularly communities who have historically lacked access to these opportunities.”
ComEd will use the study to inform its existing job training programs and internal hiring and training plans to support projected workforce needs, as well as to inform partnerships with state and local organizations to expand and develop job training programs to support the transition to clean energy. The company currently offers or supports a range of in-depth job training and apprenticeship programs, including the CONSTRUCT Infrastructure Academy, which, over the past decade, has helped more than 700 participants from diverse backgrounds prepare for careers in the skilled trades.
Other training opportunities include the Chicago Builds program at Dunbar High School through a partnership with Chicago Public Schools and the ComEd-sponsored Overhead Electrical Line Worker Training at Dawson Technical Institute.
The full study by BW Research can be accessed at https://bwresearch.com/docs/BW_ComED-Jobs&EquitableEnergyTransitionStudyReport2022.pdf.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
Projects Help Drive iSun’s Growth
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, today announced that it was awarded three contracts with a total value of $9.7 million to implement solar energy solutions in communities in northern New England. The new projects result from a new partnership that iSun has formed with an integrated nationwide solar developer.
HIGHLIGHTS:
“The three project awards from our new partner represent important wins for our team as we continue to demonstrate our ability to expand our customer base across New England,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “We are working diligently to address the continued strong customer demand for solar energy in our markets, and I’m very pleased with the success of our team in cultivating long-term customer relationships for iSun. The transition to clean energy remains the most important initiative of our generation and we are proud to assist more customers throughout our markets in achieving alternative energy solutions.”
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.
iSun Investor Relations
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TRONDHEIM, Norway--(BUSINESS WIRE)--Elinor Batteries and SINTEF have entered into a Memorandum of understanding on strategic cooperation, aiming to establish a giga-scale factory for production of sustainable batteries in Central Norway.
Through the collaboration, Elinor has secured the necessary resources needed in research and development to drive the project forward. SINTEF will open its battery lab almost at the same time as the launch of Elinor’s plans for a battery factory. The agreement covers technological aspects in the entire value chain for battery production, including production technology, infrastructure, management, economics and societal elements.
Important agreement
“The global battery competition is knowledge-intensive. A Norwegian battery factory must be the best in terms of sustainability in the entire value chain and a knowledge leader in electrochemistry, materials technology and mass production to succeed. We have invested considerably in having world-leading laboratories for battery production. We look forward to working with Elinor to reach their industrial goals,” CEO of SINTEF, Alexandra Bech Gjørv, says.
“This is an essential agreement for us at Elinor Batteries, enabling us to start producing A-samples already this spring. The A-samples are crucial to be qualified as a supplier in an industry that has long been dominated by Asian suppliers,” says Elinor Batteries CEO Terje Andersen.
Global race
The parties common objective is to create sustainable and competitive battery production in Central Norway.
“Through a common European road map, work is now being done to develop a generation of batteries that will be safer, withstand faster charging and last longer. The battery production will be more sustainable and cost-effective because the raw materials will travel shorter distances. These are fundamental changes in how batteries are produced and used, and this provides new opportunities. Norway has an excellent system for cooperation between research and industry, as well as strong players along the entire value chain for the production, use and reuse of batteries. Thus, all the prerequisites for taking the lead in the global knowledge race towards next-generation batteries are in place,” says Gjørv.
Construction of the factory will commence next year. First production is estimated in mid-2026.
CEO, Elinor Batteries
Terje Andersen
+4797950707
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
SINTEF
Head of Communications, SINTEF Industri
Stein Mortensholm
+4799009600
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HOUSTON--(BUSINESS WIRE)--$XPRO #Expro--Energy services provider Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) announced today the commencement of an underwritten offering of 7,250,000 shares of its common stock currently owned by certain funds and accounts affiliated with Oak Hill Advisors (OHA) (the “Selling Shareholders”). The Selling Shareholders have granted the underwriters a 30-day option to purchase up to 1,087,500 additional shares of the Company’s common stock. Expro is not selling any shares and will not receive any proceeds from the sale of the shares in the offering.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint bookrunning managers for the offering.
The Company has an effective shelf registration statement (including a prospectus) on Form S-3 on file with the U.S. Securities and Exchange Commission (the “SEC”) and will file a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement relating to and describing the terms of the offering, and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying base prospectus relating to the offering, when available, may be obtained from Goldman Sachs & Co. LLC, 200 West Street, Attention: Prospectus Department, New York, New York 10282-2198, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204 or by emailing at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Expro
Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company believes to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
With roots dating to 1938, Expro has approximately 7,600 employees and provides services and solutions to leading energy companies in both onshore and offshore environments in approximately 60 countries.
Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
+1 281 994 1056
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Part of NAPE’s Feb. 1 Energy Business Conference, the panel discussion brings together governors from Texas, Oklahoma and Wyoming to discuss all things energy.
HOUSTON--(BUSINESS WIRE)--#Energy--Texas Gov. Greg Abbott will join Oklahoma Gov. J. Kevin Stitt and Wyoming Gov. Mark Gordon at the 2023 NAPE Summit to discuss the latest trends, issues and opportunities in today’s dynamic energy market. The Governors Panel is part of the NAPE Summit Energy Business Conference on Wednesday, Feb. 1. NAPE Week runs Feb. 1-3 at the George R. Brown Convention Center in Houston.
“Our speaker lineup for the Energy Business Conference is one of the best we’ve ever assembled with three incumbent governors, three company CEOs and founders, two market intelligence experts, three featured technical presentations, a senior investment manager from Texas’ largest public pension fund and the president of one of the biggest energy investment banks,” said David R. Cape, chair of the NAPE Operators Committee.
Gov. Abbott was reelected in November to his third term as Texas governor. Under his stewardship, the Texas economy has expanded to nearly $2 trillion.
Reelected to his second term, Gov. Stitt is leading Oklahoma with a vision to become a top 10 state in job growth, infrastructure, education and more.
Also reelected to his second term, Gov. Gordon has spearheaded efforts to diversify all sectors of Wyoming’s economy, including technology, finance, agriculture, energy, including carbon capture and sequestration, research, education and tourism.
“The 2023 Summit marks NAPE’s 30th anniversary and we are celebrating the big deal — NAPE style. In addition to our traditional oil and gas prospects and new Governors Panel, NAPE is adding a ’90s style concert at our popular Icebreaker reception, a Bitcoin Mining Pavilion on the expo floor and the new NAPE Hall of Fame,” said Le’Ann Callihan, NAPE vice president.
Attendee favorites like the Prospect Previews, Renewable Energy Pavilion, NAPE Charities Luncheon, Connections & Conversations: Women in Energy, Job Fair, Government Affairs Session, Energy Innovation Case Competition and more also return, and the NAPE show floor will be packed with exhibitors and prospect generators. And up for grabs in the NAPE 30th anniversary Summit Sweepstakes Drawings: a 2023 Ford Bronco!
“This is a NAPE you don’t want to miss,” Callihan said.
To register, visit NAPEexpo.com.
About NAPE
The largest energy prospect expo in the world, NAPE was founded in 1993 by the American Association of Professional Landmen and now also includes the Independent Petroleum Association of America, Society of Exploration Geophysicists and American Association of Petroleum Geologists as partner hosts. The annual NAPE Summit brings together prospects and all the key players needed to evaluate, facilitate and execute deals. The 2023 NAPE Summit will be held Feb. 1-3 at the George R. Brown Convention Center in Houston. To stay connected on all things NAPE, please visit NAPEexpo.com and follow NAPE on Twitter @NAPE_EXPO, Facebook @NAPEexpo, Instagram @napeexpo and LinkedIn.
Caleb Rogers
817-847-7700
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SRECTrade Pays Fleets under Canada's Clean Fuel Regulations for Owning and Operating Electric Equipment
SAN FRANCISCO--(BUSINESS WIRE)--SRECTrade, the single partner to manage and transact environmental commodities, announced that it has expanded its management and transaction services to Canada. With these services, SRECTrade and parent company Xpansiv, the premier global market-infrastructure platform for environmental commodities, generate and monetize clean fuel credits to fund budgets to help cover the cost of deploying and operating zero emission vehicles.
In June 2022, Canada launched the Clean Fuel Regulations (CFR), requiring a reduction in the carbon intensity (CI) of transportation fuels by 15% by 2030. This fuel agnostic program provides valuable incentives for transitioning to and operating clean fleets, including EV charging stations, electric and hydrogen buses, trucks and other equipment. The CFR shares many similarities with clean fuel programs across the United States including the California Low Carbon Fuel Standard (LCFS) and Oregon Clean Fuel Program (CFP). To learn more about participating in the Canada CFR, register for SRECTrade's webinar on January 31 at 10 am PST.
SRECTrade is already serving Canadian companies and multinationals broadening their participation in clean fuel programs. As the largest agent manager of electric vehicle charging and renewable energy assets across North America, the firm's expansion into Canada solidifies SRECTrade's continued leadership in the space, providing clients equitable access to clean fuel and renewable energy programs wherever they exist.
“Organizations that act quickly to meet registration deadlines will be among the first to start generating credits this year,” says Steven Eisenberg, Xpansiv’s President of Managed Solutions. Under Canada CFR, there is no retroactive credit generation so the best time to get started is now. To learn more, contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About SRECTrade
SRECTrade is the single partner to source, manage, and transact environmental commodities globally. Founded in 2008, SRECTrade is the largest agent manager of electric (EV) and renewable energy assets across the U.S. With a 99% annual client retention rate, the firm has generated almost a billion dollars in value across more than 64,000 clients while managing over 185,000 clean energy assets on its technology platform. SRECTrade partners with commercial and public entities across a variety of market segments including manufacturing, freight and logistics, warehouse and distribution, maritime, EV charging networks, transit fleets, municipalities, universities, property management companies and others. SRECTrade is a wholly owned subsidiary of Xpansiv, the premier market-based infrastructure platform for environmental commodities.
SRECTrade
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DUBLIN--(BUSINESS WIRE)--The "5G in Oil & Gas Market - Global Outlook & Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global 5G in oil & gas market is expected to grow at a CAGR of 25.81% during 2023-2030. 5G is amongst the key technologies that are gaining significant importance in the oil & gas sector. The oil & gas market includes operational activities conducted under extreme weather conditions and severe environmental challenges.
Operation in these conditions face challenges such as low latency network connectivity, cybersecurity issues, and managing the network at remote locations. These things mandate the use of strong communication technology. 5G is one of the prominent technologies that effectively moderates these issues, as it offers ultra-high speed coupled with low latency communication between production sites and vessels. Increased use of 5G-enabled systems such as drones, robotics, and artificial intelligence (AI) enhances operational efficiency, thus, driving adoption in the oil & gas sector, further propelling the growth of the 5G in oil & gas market.
Key Advantages of 5G:
The 5G network provides robust connectivity and smooth communication essential for daily operational activities.
MARKET TRENDS & OPPORTUNITIES
Industry 4.0 To Boost 5G in Oil & Gas Market
Industry 4.0 is currently essential for all entities engaged in the production and manufacturing processes. Evolution in the utility sector mandates the incorporation of Industry 4.0 in day-to-day activities. The utility sector is an integral part of the new industrial revolution era. Transformations such as process automation, integrating machines for predictive diagnostics and maintenance, equipment health tracking, and digitizing other operational parameters require the integration of Industry 4.0 in the energy sector. Oil & gas companies across the globe are also mandating incorporation of Industry 4.0 in daily operational activities. Oil & gas companies, especially in the upstream sector, are incorporating the advantages of industry 4.0 to enhance their overall operations. This is also required to remain relevant in the market due to the rising competition from the increasing demand for renewable energy, electric vehicle, and new hydrocarbon sources. Industry 4.0 also enables unmanned drilling operations, forecast maintenance needs, and enable asset management. Modernizing services and solution offerings in tandem with the improvising industry practices is set to be the key to growth over the next few years.
Growing Adoption of Digitization in Oilfield
Oil & gas companies are proactively implementing digital transformation techniques in their operations, which can contribute towards the 5G in oil & gas market growth. The advancement in automation processes, sensing technologies, and data analytics drives these developments. Digitization in the oilfield or digital oilfield is the concept that integrates business processes with digital technologies such as IoT, AI, augmented reality, VR, digital twin, and cloud systems. This process supports companies by collecting real-time data from sensors, pressure and temperature meters, tank-level sensors, and others. Assimilation of such advanced technologies increases any oil or gas field's operational efficiency.
Segmentation by Application:
Segmentation by Spectrum:
Segmentation by Geography:
Key Vendors
Other Prominent Vendors
Market Dynamics
Market Opportunities & Trends
Market Growth Enablers
Market Restraints
KEY QUESTIONS ANSWERED
1. How big is the 5G in oil & gas market?
2. Which region dominates the global 5G in oil & gas market?
3. Who are the key players in the global 5G in oil & gas market?
4. What is the growth rate of the global 5G in oil & gas market?
5. What are the key driving factors in the 5G in oil & gas market?
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
5 Report Assumptions & Caveats
6 Premium Insights
7 Market at a Glance
9 5G Outlook
10 Case Study Analysis
11 Market Opportunities & Trends
12 Market Growth Enablers
13 Market Restraints
14 Market Landscape
15 Application
16 Spectrum
17 Geography
18 US
19 China
20 Europe
21 Saudi Arabia
22 Rest of the World
23 Competitive Landscape
24 Key Company Profiles
25 Other Prominent Players
26 Report Summary
27 Quantitative Summary
28 Geography
29 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/6azc4x
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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