HOUSTON--(BUSINESS WIRE)--Linde announced today that it will build, own and operate a new facility for the supply of industrial gases along the interstate 75 corridor near Charleston, TN.
The new air separation unit (ASU) will produce liquid oxygen, nitrogen and argon, serving customers in Knoxville, Chattanooga, and Nashville areas of eastern Tennessee, as well as in northern Alabama and Georgia. Permitting of the new site has already begun and the plant is expected to start up in the second half of 2025.
“Eastern Tennessee’s I-75 corridor is experiencing incredible growth across multiple end markets,” said Todd Lawson, Vice President East Region, Linde. “This investment will add to our already robust production and supply network, to meet the rapidly growing industrial gas needs of customers in the area.”
About Linde
Linde is a leading global industrial gases and engineering company with 2022 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.
The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.
For more information about the company and its products and services, please visit www.lindeus.com.
Media Relations
Brian Kelleher
Phone: 281 203 3799
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EaaS Rental Units under Contract Hits 45 MW with a Plan to Reach 50 MW by March 31
Capstone Is Focused On Growing the EaaS Business Model as Quickly as Possible Because It Provides Higher Margins, More Constant and Predictable Revenue Streams
LOS ANGELES--(BUSINESS WIRE)--$CGRN #CleanPower--Capstone Green Energy Corporation (NASDAQ: CGRN) a global leader in carbon reduction and on-site resilient green Energy-as-a-Service (EaaS) solutions, announced that its southern U.S. distributor, Lone Star Power Solutions, has contracted with a large West Texas energy company to provide a new 3.6 MW EaaS rental contract pushing its total EaaS contracts to 45 MW.
The Company is confident in its ability to achieve sustained positive adjusted EBITDA results when it reaches its target of 50 MW - of deployed rental units, combined with its recent across-the-board price increase that went into effect on January 30, 2022. This new contract represents the continued expansion of the EaaS strategy and is indicative of ongoing customer demand. The large West Texas energy producer will use the microturbine energy systems to power production loads using the on-site gas produced from its day-to-day operations.
The 3.6 MW of Capstone systems will replace traditional reciprocating engine generator rental units. Capstone Green Energy’s EaaS solution was selected due to its proven track record of reliability in the oil and gas fields across the world and its extremely low emissions profile as the energy company looks to decarbonize its operations. Additionally, the customer will benefit from fixed operating costs for the duration of the rental since all maintenance is included in the contract, providing cost savings and added convenience.
“Our focus remains our EaaS rental business and the benefits it brings us, including higher margin rates and predictable revenues and cash flow while transitioning us away from being only a manufacturing company. The growth shows our customers both need and want this solution and that we can provide it, solving both our customer’s needs and driving returns for our shareholders,” stated Capstone Green Energy President and Chief Executive Officer Darren Jamison.
“Our overall financial goals are unchanged: we are focused on growing revenue and reaching positive Adjusted EBITDA on a sustainable basis. EaaS is a pivotal factor in achieving this goal in conjunction with our recent price increase and cost control initiatives. I am confident we will meet our strategic goal of 50 MW by March 31, 2023, as we continue to manage customer delivery dates and navigate the global supply chain challenges,” added Mr. Jamison.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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Next Steps in $2.5 Billion Investment at World’s Most Advanced Cargo Handling Facility Will Deliver First Fully Emission-Free Marine Facility by 2030
LONG BEACH, Calif.--(BUSINESS WIRE)--#ClimateChange--Long Beach Container Terminal (LBCT), the most technologically advanced and environmental friendly container handling facility in the United States, today officially released its Net Zero Action Plan that will create the world’s first emission-free operation of its kind by 2030.
The significance of these final steps within a $2.5 billion redevelopment project that began 10 years ago means LBCT will further minimize environmental impacts in the greater Long Beach/South Bay region as well as provide companies that rely on international shipping of goods immediate solutions to satisfy reporting requirements for off-site, downstream (Scope 3) emissions.
“While climate change poses a significant threat to the movement of goods worldwide, it also presents an opportunity. At LBCT, we’ve clearly demonstrated that through the adoption of green-energy heavy equipment and operations it is possible to dramatically increase our cargo handling capacity while simultaneously reducing emissions,” said Anthony Otto, LBCT Chief Executive Officer. “Our significant investments are now paying dividends.”
LBCT’s deployment of clean-energy cargo handling equipment – from its electric dual-hoist cranes to battery-operated container ground movers – has quadrupled capacity to 3.3 million containers a year while reducing greenhouse gas emissions (GHG) by more than 80 percent.
To be totally emission-free in a few years, LBCT’s Net Zero Plan is estimated to cost $200 million. The bulk of this cost will go toward additional zero-emission equipment and infrastructure, as well as renewable energy, including on-site power generation. Because of the significant positive impacts these final steps will mean on a local and global scale, LBCT is garnering support from important government agencies as evidenced by the recent $30.1 million grant to convert yard tractors to electric.
“LBCT continues to set the industry standard in terms of its commitment to deploying zero emission technologies in the maritime sector. With the recent release of its Net Zero Action Plan, they are providing a blueprint for carrying that environmental commitment into the next decade,” said Dr. Joseph Lyou, President & CEO, Coalition for Clean Air. “We applaud their efforts in converting cargo handling equipment to finalize their goals of becoming a completely zero emission facility by 2030.”
Under internationally accepted GHG protocols and commitments to reduce the causes of climate change, companies are increasingly looking at how to reduce carbon emissions both directly within their operations and indirectly through their supply chains. As a cargo handling facility that puts containers onto trucks and trains with little or no emissions, LBCT now provides a significant supply chain GHG reduction option for thousands of companies that ship products from overseas suppliers.
LBCT’s Net Zero 2030 Climate Action Plan is focused primarily with:
“Our industry-leading plans should incentivize new clean-energy technologies, further increase our throughput capacity and make LBCT an even brighter climate star in the global supply chain,” said Bonnie Nixon, LBCT Director of Sustainability. “This is more good news for the environment, our communities, our customers and the workforce.”
About Long Beach Container Terminal. Founded in 1986, Long Beach Container Terminal does marine terminal operations and is the home of the advanced Middle Harbor Terminal facility. LBCT has three berths within Pier E at the Port of Long Beach featuring 4200 feet of wharf line and the deepest dredged dockside of any U.S. Pacific Coast port. LBCT will eventually run 18 ship-to-shore cranes, six Intermodal cranes, and 70 yard gantry cranes. The Pier E facility is among the busiest terminals in the San Pedro Bay Port complex. More at: www.lbct.com.
For photos, videos, and a copy of the Net Zero plan, news media may contact:
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, will host its fourth-quarter and full-year 2022 financial results conference call on Wednesday, March 1, 2023, at 9:00 a.m. ET.
On the call, Chairman, President and Chief Executive Officer Alan S. McKim, Executive Vice President and Chief Financial Officer Michael L. Battles, Executive Vice President and Chief Operating Officer Eric W. Gerstenberg and Senior Vice President of Investor Relations Jim Buckley will discuss Clean Harbors’ financial results, business outlook and growth strategy.
Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company’s website at www.cleanharbors.com. The live call also can be accessed by dialing 877.709.8155 or 201.689.8881. Listeners are advised to dial in at least 10 minutes prior to the start of the call. If you are unable to listen to the live call, the webcast will be archived on the Company’s website.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its fourth quarter 2022 earnings conference call for Tuesday, February 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the fourth quarter 2022, which will be released before the market opens on Tuesday, February 28, 2023.
By Phone:
Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for the Civeo call or provide the conference ID: 13736531# at least 10 minutes prior to the start time.
A replay will be available through March 7th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference ID 13736531#.
By Webcast:
Connect to the webcast via the Events and Presentations page of Civeo's Investor Relations website at www.civeo.com.
Please log in at least 10 minutes in advance to register and download any necessary software.
A webcast replay will be available after the call.
ABOUT CIVEO
Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently owns and operates a total of 27 lodges and villages in Canada, Australia and the U.S., with an aggregate of over 28,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo's website at www.civeo.com.
Regan Nielsen
Civeo Corporation
Senior Director, Corporate Development & Investor Relations
713-510-2400
Advent is solving stationary electric and thermal power generation demands in remote areas with its Serene methanol-powered hydrogen fuel cell system
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (Advent or the Company) released today the mobile SereneCHP (combined heat and power) 5kW system. SereneCHP allows users to mix and match heat and power output by powering a heat pump, which significantly increases efficiency. The SereneCHP system can supply up to 13 thermal kW of heat or 10.5kW of cooling. The unit meets the immediate needs of logistics centres, mission-critical and defence operations, housing, and critical infrastructure in remote grid areas.
"Advent’s SereneCHP solution is a game changer for organizations and businesses in remote areas or challenging grid locations that need heat, cooling, and power today. We are listening to the world’s demands and adapting our technology to support the global move to decarbonize with solutions that bring us one step closer to our net zero future,” noted Dr. Vasilis Gregoriou, Advent Technologies CEO and Executive Chairman of the Board.
The SereneCHP uses readily available methanol as the hydrogen source for the fuel cell package that includes Advent’s SereneU 5kW unit, batteries, an inverter, and, a fuel tank. The SereneCHP operates with add-on components such as heat exchangers and heat pumps, and can add even more thermal capacity beyond the heat pump by harnessing the fuel cell’s heat exhaust. The SereneCHP’s key advantage is its flexibility - when heat is unused, then more electrical power becomes available, and vice versa.
The SereneCHP’s interchangeable energy solutions have multiple combinations, depending on the customer’s geographical requirements. For example, combined heat and power uses an add-on heat exchanger to provide 3kW of heat and 3.5kW of electrical power without a heat pump. This is ideal to power up small- and medium-sized buildings in rural areas or in challenging grid environments. Another option is usage primarily for heat, with optional power generation. For example, a heat pump powered by Serene fuel cells produces 8kW of heat and 1.5kW of electrical power. For cooling, the fuel cell allows for 10.5kW of cooling – ideal for back-up in off-grid and intermittent grid areas.
Advent's new fourth generation product can work autonomously 24 hours a day to provide a primary source of energy, essentially replacing the need for diesel generators or being hybridized with other renewable energy sources. By virtue of its significant CO2 reductions, the SereneCHP enables users to move closer to their net zero goals. Furthermore, SereneCHP enables people living in areas with limited infrastructure to have access to clean heat (and/or cooling) and electricity. The SereneCHP can be quickly deployed with readily available and easily portable liquid fuels and biofuels such as methanol and biomethanol.
Relying on Advent’s patented HT-PEM technology, the SereneCHP has the following advantages:
About Advent’s Serene
Advent’s line of Serene solutions includes the core SereneU unit, which is a 5kW fourth generation methanol-powered hydrogen fuel cell that can be configured and/or stacked to meet energy needs up to 250kW. The SereneU is based on Advent Technologies’ proprietary membrane electrode assembly (MEA) and high-temperature proton electrode membrane (HT-PEM), which together not only allow for higher efficiency and performance in extreme temperatures, but also for a lower total cost of ownership and reduced start-up time, while offering fuel flexibility. For more information, visit www.serene.advent.energy.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine, and power generation sectors. For more information, visit www.advent.energy.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, the Company’s ability to maintain the listing of the Company’s common stock on Nasdaq; future financial performance; public securities’ potential liquidity and trading; impact from the outcome of any known and unknown litigation; ability to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; expectations regarding future expenditures; future mix of revenue and effect on gross margins; attraction and retention of qualified directors, officers, employees and key personnel; ability to compete effectively in a competitive industry; ability to protect and enhance Advent’s corporate reputation and brand; expectations concerning its relationships and actions with technology partners and other third parties; impact from future regulatory, judicial and legislative changes to the industry; ability to locate and acquire complementary technologies or services and integrate those into the Company’s business; future arrangements with, or investments in, other entities or associations; and intense competition and competitive pressure from other companies worldwide in the industries in which the Company will operate; and the risks identified under the heading “Risk Factors” in Advent’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, as well as the other information filed with the SEC. Investors are cautioned not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read Advent’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Advent’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties.
Advent Technologies Holdings, Inc.
Elisabeth Maragoula/Michael Trontzos
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The Company is proud to now serve the Naval Facilities Engineering Systems Command (NAVFAC) in both the Atlantic and Pacific regions to address key environmental and restoration challenges
DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that it has successfully been awarded a single-award, indefinite-delivery, indefinite-quantity (IDIQ) contract by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific to deliver architecture and engineering services for the Comprehensive Long-Term Environmental Action Navy (CLEAN) Program. Under this contract with a $239 million ceiling, AECOM will perform environmental studies, investigations, and designs that address pressing environmental challenges.
"With a rich history of partnerships with NAVFAC and a team of dedicated environmental experts guided by our Sustainable Legacies strategy, we are poised to deliver outstanding results on the CLEAN program in the Pacific Region," said Lara Poloni, AECOM's president. "Our deep regional expertise, combined with a proven track-record of innovation and successful project delivery, positions us as the go-to partner for delivering world-class environmental strategies for government clients."
Driven by the Company’s Honolulu-based team, AECOM will provide program management and technical environmental services that address critical issues, such as per- and polyfluoroalkyl substances (PFAS) and other emerging contaminants, vapor intrusion, water quality, sediments, munitions and radiological assessment, petroleum, polychlorinated biphenyls, and hazardous substances. To be performed throughout the Pacific Region and, if tasked by the Government, anywhere in the world, this work will support compliance with environmental restoration programs such as the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and the Resource Conservation and Recovery Act (RCRA).
“We’re pleased to build on more than a decade of collaboration with NAVFAC to help realize this major program that promises to innovate new approaches to solving some of the greatest environmental restoration challenges of our time,” said Frank Sweet, chief executive of AECOM’s global Environment business. “This win demonstrates our focus on global collaboration to bring our best professionals to our projects and on allocating our time and capital on the best client relationships with the greatest growth potential.”
AECOM’s scope includes assessments, studies, investigations, and remedial designs; community relations plans; human health and ecological risk assessments; feasibility, pilot, and corrective measures studies; interim response and removal actions; geographical information system development and management; and emergency response actions.
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.1 billion in fiscal year 2022. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the expected benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas construction businesses, including the risk that any contingent purchase price adjustments from those transactions could be unfavorable and result in lower aggregate cash proceeds and any future proceeds owed to us under those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Media Contact:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
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Investor Contact:
Will Gabrielski
Senior Vice President, Finance, Treasurer
1.213.593.8208
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Luke Litteken, SVP, Natural Gas Business Unit of Xcel Energy, is the new chair of Southern Gas Association Board of Directors. Southern Gas Association represents natural gas operators across the entire value chain as well as product and service companies supporting the natural gas industry.
DALLAS--(BUSINESS WIRE)--#innovation--The Southern Gas Association (SGA) Board of Directors has named Luke Litteken, Senior Vice President, Natural Gas Business Unit of Xcel Energy, as the 2023 Chair of the Board. Mr. Litteken has been at the forefront of natural gas industry operations, safety, customer service, and workforce development for over thirty years. Producers, Midstream, Gas Supply & Marketing, Transmission and Distribution operators turn to Southern Gas Association for training and leadership development. Mr. Litteken's experience, starting in the field 34 years ago as an entry level IBEW gas apprentice, will guide the association in providing technical and leadership training that enhances the safety of people and systems, helps unlock their potential, and delivers tangible and applicable leadership tools for today while driving energy innovation for tomorrow. Passionate about the industry's workforce, Mr. Litteken's efforts to ensure a skilled and diverse energy workforce include serving as a board member and vice-chair of the Center for Energy Workforce Development. In addition, he is a board member of the Colorado Oil and Gas Association, American Red Cross, and current chairmen of the Operations Section of the American Gas Association.
Addressing his goals as chair, Luke Litteken stated, “My efforts will be focused on creating the long-term infrastructure and technology to deliver affordable, resilient clean energy. The key to achieving that goal is creating broader awareness of careers in energy to enable stronger recruiting results in all the communities the energy industry serves, while nurturing a diversified and skilled workforce and then putting their passion and creativity to work. In addition, leveraging the SGA’s well-respected technical and leadership training ensures the industry shares best practices and lessons learned while driving the innovation required for a net-zero energy system.”
“Working collaboratively and methodically with our energy allies and regulatory stakeholders to integrate emerging fuels such as RNG, Certified Natural Gas, and hydrogen, we can hasten the framework of the future energy system. Our ability to work together faithfully and safely to serve the communities we serve today while innovating is essential. Southern Gas Association is the key to both of these. I look forward to serving the organization."
Suzanne Ogle, Southern Gas Association President, and CEO, said, "It is a pleasure to welcome Luke Litteken as our 2023 Chair. He is an accomplished natural gas expert and nationally respected leader. Throughout his career, he has stood out as a leader, influencer, and unwavering champion of safety, people, and clean energy."
SGA's 2023 Executive Committee will also include the following:
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
About Southern Gas Association
Founded in 1908, the Southern Gas Association is a national leader in natural gas training and professional development. SGA's membership community is composed of exploration and production, marketing, distribution, transmission, storage, and associate partners across the U.S. and Canada. Representing the industry from drill bit to burner tip, SGA's membership comprises more than 200 operators and 350 industry partners. Through digital and in-person engagement, SGA members share ideas, resources, and best practices to develop people, relationships, and solutions. For more information, visit southerngas.org or follow us on Twitter, Facebook or LinkedIn
Southern Gas Association
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EVgo’s proprietary digital coupon platform now expanding to deliver on-the-spot promotions to customers charging at participating Cumberland Farms and Wawa locations
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced that EVgo Advantage™ is now available at select Cumberland Farms and Wawa locations in Massachusetts, Connecticut, New York, Pennsylvania, Maryland, Virginia and Florida. As a proprietary coupon technology, EVgo Advantage sends EV drivers instant communications and in-store promotions to use while charging,* delivering more value to customers who shop and charge.
EVgo Advantage enables businesses that host fast chargers with EVgo to connect with their EV charging customer base by offering promotions that help drive engagement, increase sales, and generate customer loyalty. The program can increase foot traffic to participating retail site hosts stores and/or mobile applications, while also enhancing the charging experience for drivers. A 2022 survey conducted by EVgo found that 87% of EV drivers shop at local retailers while charging their vehicles.
“When EVgo first piloted EVgo Advantage in 2019, we knew it was one more way for us to deliver value to our drivers and site host partners. We’re thrilled to be able to offer EVgo Advantage™ at select Wawa and Cumberland Farms locations along the East Coast to make charging with EVgo even better than before,” said Jonathan Levy, Chief Commercial Officer at EVgo.
EVgo Advantage first launched at 10 Lucky/Lucky California locations in partnership with The Save Mart Companies. Now available in eight states, the growth of the program to date demonstrates how site host partners can leverage alternative ways to connect with customers.
For more information about the EVgo fast charging network and station locations, visit www.evgo.com.
*Drivers must opt in to EVgo marketing emails to receive in-store promotions.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. Since its founding in 2010, EVgo has led the way to a cleaner transportation future and its network has been powered by 100% renewable energy since 2019 through the purchase of renewable energy certificates. As one of the nation’s largest public fast charging networks, EVgo’s owned and operated charging network features over 850 fast charging locations – currently serving over 60 metropolitan areas across more than 30 states – and continues to add more DC fast charging locations through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network, robust software products and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables world-class charging experience where drivers live, work, travel and play.
For Investors:
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The ACT 2000TM is the first truly sustainable end-to-end solution for grocery’s cold chain fulfillment needs
DURHAM, N.C.--(BUSINESS WIRE)--Phononic, a global leader in solid state cooling technology, today announced the launch of its Actively-Cooled Tote (ACT) 2000: the next generation of cooling and freezing for cold chain fulfillment. This innovative solution combines the success of the first ACT which debuted in September 2021; now with learnings from more than 20 commercial installations. As the first truly sustainable solution for grocery’s end-to-end cold chain fulfillment needs, the ACT 2000 features a proprietary thermoelectric-based cooling platform that eliminates toxic refrigerants and environmentally destructive hydrofluorocarbons (HFCs) that warm the earth’s atmosphere. All while meeting the most demanding refrigerated and frozen cold chain needs.
“Grocers are facing a costly challenge to improve their fulfillment capabilities, particularly for perishable and frozen items, while achieving profitability, requiring a re-examination of the grocery fulfillment process,” said Larry Yang, Chief Product Officer of Phononic. “For the ACT 2000, our team incorporated the feedback and learnings from over 20 commercial installations to provide customers with a comprehensive solution. Currently, the approach for retailers in on-site grocery fulfillment is costly, losing $13 per $100 order. The ACT 2000 helps close this gap by being flexible and scalable and delivering a proven ROI on cold chain operations and ensuring critical food safety and quality – ultimately enabling retailers to meet the demands of e-grocery fulfillment.”
Available in both refrigerator and freezer versions for retail and automation environments, the ACT 2000 includes accessories, IoT data connectivity, and turn-key installation. Phononic’s ACT 2000 is the premiere solution for precise and secure cooling and freezing throughout the fulfillment ecosystem. The ACT 2000 has updated features including lightweight and ergonomically friendly design for ease of handling and has 33% more storage capacity than its predecessor for larger food items and multiple orders. Its aluminum shell has enhanced durability and recyclability, its lid has bidirectional opening for packing flexibility, and it features a user-friendly UX that displays cooling status and IoT connectivity. The ACT 2000’s solid state cooling offers unprecedented value and sustainability not achievable with compressor-based systems, freezer pack or dry ice solutions.
At the end of 2022, the EPA issued a regulatory proposal for the phasedown of super-polluting hydrofluorocarbons (HFCs) to further reduce the high global warming potential refrigerants that are used in typical compressor-based grocer refrigeration. The ACT 2000 provides grocers and retailers an opportunity to meet these reduction proposals while also meeting internal sustainability and profitability goals.
Phononic’s ACT 2000 key features include:
Dimensions: The ACT 2000 has updated internal dimensions to maximize the ROI for grocers. The thin walls and straight edges are designed to increase volume and reduce weight. The larger capacity creates room for bigger food items and multiple orders.
Temperature: Precise temperature control provides unmatched cold chain integrity, with freezer setpoint at -18°C (or -0.4°F) and refrigerator at 3.3°C (or 37.9°F).
Weight: The ACT 2000 is lightweight and portable, at 21lbs. This equates to a 33% reduction in weight from the ACT. This is critical for workers who might have to lift it in the facility.
Lid Capabilities: The innovative lid can open from either side. The replaceable friction hinges hold open to reduce touches during picking, and a magnetic closure helps the tote stay closed for energy conservation. Last, the entire lid can be removed for maximum convenience and efficiency.
Connected Services: The ACT 2000 has built-in IoT connectivity that powers a dashboard that can show the temperature history, energy consumption and other metrics, ensuring the highest product quality and maximum operational efficiency.
Accessories: Experience with commercial installations has demonstrated that grocers are asking for a comprehensive cold chain solution. The ACT 2000 will include a family of Tote accessories: mobile-powered carts for optimized picking, staging and curbside pickup, vertically powered storage racks to minimize storage footprint, and integration into robotics automation.
Phononic currently has over 20 commercial installations, including grocers from the top 10 U.S. grocery retailers and the leading automation partners for Micro Fulfillment Centers (MFCs), and plans to expand globally.
For more information on the ACT 2000 solution, please visit: https://phononic.com/solid-state-products/cold-chain-fulfillment/gen-2-tote/.
About Phononic:
As the global leader in solid state cooling technology, Phononic is driving the world to a more sustainable way to cool. Its transformational technology reduces greenhouse gas (GhG) emissions and supports climate goals, while meeting the demanding performance needs of the market. The company’s thermoelectric devices and integrated products are mission critical to how people work and communicate; how automobiles ‘see’; to the protection and effective delivery of life-saving vaccines and drugs; to cooling solutions supporting grocery cold chain fulfillment needs; and to innovative methods that cool living and work spaces. For more information on the company, visit: www.phononic.com.
Media:
PAN Communications
Meghan Orencole
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978-270-1598
NEW YORK & DÜSSELDORF, Germany & TOKYO--(BUSINESS WIRE)--#asahikasei--Asahi Kasei, a diversified Japanese multinational company, has completed the construction of its second plant for Ceolus™ microcrystalline cellulose1 (MCC) at its Mizushima Works in Kurashiki, Okayama, Japan, in January 2023. With the new facility, the company underlines its commitment to meet the substantially growing demand for its MCC.
Second plant for Ceolus™
The Functional Additives Division of Asahi Kasei’s Life Innovation SBU has manufactured Ceolus™ in Nobeoka, Miyazaki, Japan, since 1970. Ceolus™ is supplied to customers around the world, primarily for use as tablet binder2 for pharmaceuticals.
Demand for Ceolus™ used in pharmaceutical tablets is growing substantially, especially for the proprietary high-performance grades Ceolus™ KG and Ceolus™ UF. The second plant for Ceolus™ will not only raise supply capacity but also enhance the stability of supply through production at multiple sites.
The outline of the new plant |
|
Location |
Asahi Kasei Mizushima Works Kurashiki City, Okayama Prefecture, Japan |
Construction schedule |
Groundbreaking in September 2021 Completion in January 2023 |
Investment amount |
¥13 billion |
Product |
Ceolus™ microcrystalline cellulose |
Customers |
Manufacturers of pharmaceuticals, supplements, etc., worldwide |
The new plant is currently undergoing trial operation, with commercial production of each grade scheduled to begin in succession from April 2023.
“The increased capacity at this new plant will enable us to provide a more stable supply of Ceolus™ for distribution centers around the world to get products to customers in greater quantities,” says Eiichi Hori, Senior General Manager of Functional Additives Division. “The second plant will make Ceolus™ more accessible to patients around the world. We are excited to see the innovative, new formulations that pharmaceutical and supplement manufacturers will develop utilizing our MCC.”
Featuring an innovative particle morphology, Ceolus™ offers various solutions to the pharmaceutical and supplement industries: It facilitates challenging formulations, solves tableting issues, and enables unique and patient-friendly dosage forms. It also contributes to customers’ production efficiency by enabling high-speed tableting and reducing production problems. In addition, less black particles, less impurities including nitrite and nitrate which may cause nitrosamine associated risk, and the consistently high quality of Ceolus™ directly contribute to the quality improvement of customers’ formulations.
Asahi Kasei expects that the new plant will make a further contribution to life and living for people around the world by providing Ceolus™ to more customers globally, enabling the manufacture of pharmaceuticals and supplements that have been difficult to make into tablets, and meeting the needs of pharmaceutical companies, supplement companies, and patients through the development of high-performance products.
1 Microcrystalline cellulose is a white powder made from natural pulp, mainly used as an excipient for pharmaceuticals and foods
2 Tablet binders are additives used for the purpose of providing the shape and increasing the volume of solid tablets
Please refer to the press release dated January 13, 2021
“Asahi Kasei to build a second plant for Ceolus™ microcrystalline cellulose”
https://www.asahi-kasei.com/news/2020/e210113.html
About Ceolus™
As the requirements for functionality of pharmaceuticals and supplements continue to rise year by year, Ceolus™ contributes by facilitating the development and manufacture of solid dosage formulations such as tablets. Backed by over 50 years of manufacturing expertise, Ceolus™ is positioned to further support pharmaceutical and supplement companies in their development of formulations with higher quality and functionality. Asahi Kasei will continue to develop advanced grades of Ceolus™ while providing richer services to customers over the decades to come.
About Asahi Kasei
The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber businesses, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 46,000 employees around the world, the company contributes to a sustainable society by providing solutions to the world's challenges through its three business sectors of Material, Homes, and Health Care. Its Material sector, comprised of Environmental Solutions, Mobility & Industrial, and Life Innovation, includes a wide array of products, from battery separators and biodegradable textiles to engineering plastics and sound solutions. For more information, visit https://www.asahi-kasei.com/.
The Asahi Kasei Group aims to contribute to a carbon-neutral and sustainable world from the perspective of “Care for Earth” by focusing on initiatives such as the use of biomass raw materials, recycled raw materials, and renewable energy. The company strives to meet the expectations of its customers and society by further advancing the provision of products and services with such sustainable characteristics while deepening collaboration with other companies to reach a carbon-neutral society by 2050. To learn more, visit https://www.asahi-kasei.com/sustainability/.
Company Contact North America:
Asahi Kasei America, Inc.
Jon Todd
39475 W. Thirteen Mile Road, Suite 201, Novi, MI 48377
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Company Contact Europe:
Asahi Kasei Europe GmbH
Sebastian Schmidt
Fringsstrasse 17, 40221 Düsseldorf
Tel: +49 (0) 211-3399-2058
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CHICAGO--(BUSINESS WIRE)--Li-Bridge, a public-private alliance representing the U.S. battery ecosystem, convened by the U.S. Department of Energy (DOE) and managed by DOE's Argonne National Laboratory, released today an action plan to accelerate the creation of a robust domestic manufacturing base and comprehensive supply chain for lithium-based batteries.
The report – Building a Robust and Resilient U.S. Lithium Battery Supply Chain – includes 26 recommended actions for how to bolster the domestic lithium battery industry. These include a buying consortium for raw energy materials, a system of shared pilot lines to speed the commercialization of new battery technologies, significant investment in battery industry workforce training, and permitting reform.
According to the report, the U.S. can capture 60% of the economic value consumed by domestic demand for lithium batteries, generating $33 billion in revenues and creating 100,000 jobs.
The report complements a series of recent government initiatives designed to strengthen the country’s battery and semiconductor industries including the Inflation Reduction Act (IRA), the Bipartisan Infrastructure Law, and the CHIPS and Science Act—some of the most significant industrial policy initiatives in U.S. history.
Li-Bridge is spearheaded by three industry trade groups – NAATBatt International, the New York Battery and Energy Storage Technology (NY-BESTTM) Consortium, and New Energy Nexus – with active involvement from DOE national labs and Boston Consulting Group. Li-Bridge is the first collaboration of its kind in the U.S. battery industry.
“This report provides key insights and solutions toward the goal of establishing a resilient domestic manufacturing base and supply chain for batteries, summarizing in-depth discussions between private industry, DOE’s national labs, and federal partners,” said Argonne Director Paul Kearns. “The adoption of the report’s recommended actions can set the nation on a path for success.”
“Although we are starting to see activity in the domestic battery manufacturing sector thanks in large part to the Bipartisan Infrastructure Law and the IRA, U.S. industry is still 10 to 20 years behind Asia, and about five years behind Europe, in commercializing manufacturing of this critical technology,” said James Greenberger, Executive Director at NAATBatt International. “The electrochemical storage of electricity will be as important a technology to the economy of the 21st century as the semiconductor chip has been.”
Christopher J. Kramer
Head of Media Relations
Argonne National Laboratory
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ANAHEIM, Calif.--(BUSINESS WIRE)--Phoenix Motor Inc. (Nasdaq: PEV) (“Company” or “Phoenix Motorcars”), a leader in manufacturing of all-electric, medium-duty vehicles, today announced that the Company will release its fourth quarter and full year 2022 financial results after market close on Wednesday, March 29, 2023. This release will be followed by a conference call hosted by members of the Phoenix Motorcars management team at 5:00 PM Eastern Time.
Interested investors and other parties may access a live webcast of the conference which will be available on the Events and Presentations page within the Investor Relations section of Phoenix Motorcars’ website. The call can also be accessed live via telephone by dialing (888) 660-6373 or for international callers (929) 203-1975, and referencing Phoenix Motorcars. Please log in to the webcast or dial in to the call at least 10 minutes prior to the start of the event.
An archive of the webcast will be available for a period of time shortly after the call on the Events and Presentations page on the Investor Relations section of Phoenix Motorcars’ website, along with the Company’s earnings press release.
About Phoenix Motor Inc.
Phoenix Motor Inc., a pioneer in the electric vehicle (“EV”) industry, designs, builds, and integrates electric drive systems and light and medium duty EVs and sells electric forklifts and electric vehicle chargers for the commercial and residential markets. Phoenix markets its commercial, medium duty EVs (shuttle buses, school buses, municipal transit vehicles and delivery trucks, among others) under its “Phoenix Motorcars” brand. Phoenix intends to bring “EdisonFuture” to market by 2025, which is its light-duty EV truck offering for the recreational and commercial market. For more information, please visit: www.phoenixmotorcars.com.
Investor Relations Contacts:
Mark Hastings, SVP & Head of Investor Relations
Sioban Hickie, ICR Inc.
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TORONTO--(BUSINESS WIRE)--Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart buildings and cities has entered into the liquified natural gas (LNG) market to provide continuous emission monitoring and analytics solutions. The primary focus of the solutions is the USA market.
History of Emission Monitoring for Oil, Gas and Cement Industries
The Company has a long history of providing continuous emissions, compliance and monitoring solutions through its operating subsidiaries. Historically the Company has provided emission technology deployment and solutions to large industrial customers in the oil, gas and cement industries across Canada and the USA. The LNG market opportunity is new revenue vertical for the Company and the majority of interest is in the USA market.
“With our established track record of integrating emission monitoring systems, including analytics and performance, we are able to provide solutions to existing LNG customers, new LNG developers or municipalities and cities that have a vested interest in ensuring facilities comply with existing regulations,” says Paul Ghezzi, CEO of Kontrol Technologies. “Our turn-key solution includes continuous monitoring remotely, sampling in real-time and providing additional enhanced testing supported by robust data and analytics.”
Monitoring Environmental Impacts
LNG facilities and the associated development of new facilities may be a source of harmful pollutants or emissions, such as volatile organic compounds (VOCs), nitrogen oxides (NOx), methane (CH4), sulfur dioxide (SO2) and particulate matter (PM). The ability to monitor, validate and quantify harmful pollutants or emissions is typically a regulatory requirement which may vary by region.
Carbon Neutral Potential
The International Group of Liquefied Natural Gas Importers (GIIGNL) has created a framework for carbon neutrality. For a company to declare its shipment of LNG is carbon neutral, it would need to show transparent emissions data, make the best efforts to reduce emissions at its operations and use offsets for any remaining emissions for the cargo's lifecycle, including scope 3 emissions, or those generated when the customer uses the fuel. source: www.giignl.org
Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: future emission monitoring solutions and products to be offered by Kontrol for its potential customers; that the future success of any of Kontrol’s products; and customer demand relating to continuous emissions.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company; that the anticipated timing of implementing continuous emission monitoring solutions for Customers will go as planned; and that demand will continue for continuous emission monitoring technology and for the Company’s products in particular.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
Kontrol Technologies Corp.
Paul Ghezzi
CEO
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11 CiderMill Road
Vaughan ON
L4K 4B6
Tel: (905) 766.0400
Capital Set Aside for Energization Plan
ALBANY, N.Y.--(BUSINESS WIRE)--$SLNH #SLNH--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing, has draw-down $1.186 million as part of an agreement with certain strategic parties announced in late January to raise sufficient capital to energize the first 50 MW phase of Project Dorothy. This funding did not involve the sale of the Company’s equity. Funds have been deployed to pay for finalizing construction and energization activities. A portion of the capital has been set aside to fund the interconnection of the project to the grid.
Project Dorothy, the Company’s 50 MW facility in Texas is rapidly proceeding to an energization date.
Michael Toporek, CEO of Soluna Holdings, stated, “As we move to close the financing transactions we announced in January in their entirety, Project Dorothy will energize 50 MW, where it could run 2.2 exahashes per second (EH/s) of Bitcoin mining capacity. We are likely to use most of this location to host our customers where we expect them to generate about $28 million in annualized revenues from the facility.”
Project Dorothy is anticipated to be one of the lowest-cost facilities of its kind in North America. The project was recently featured on KLBK TV news in Lubbock, Texas.
About Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’
Michael Toporek
CEO
Soluna Holdings, Inc.
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PEP Enhances Capabilities for Companies Focused on Decarbonization and Sustainability Providing Strategic Advice and Capital Markets Assistance
HOUSTON--(BUSINESS WIRE)--Pickering Energy Partners announces the hiring of Diego Kuschnir as Managing Director, Investment Banking. Kuschnir will leverage his more than 23 years of investment banking and portfolio management experience focused on deals in the energy and sustainable resource subsectors. He has invested and advised on over $50 billion in transactions across the broad energy and energy transition markets.
Kuschnir was previously global head and portfolio manager of Solanas Capital, a division of Jefferies and Leucadia Asset Management. Solanas was the continuation of the alternative energy and energy-infrastructure investment strategies Kuschnir developed and managed at Tudor, Pickering, Holt & Company. Diego entered the portfolio management space after more than a decade of energy investment banking at Barclays.
"PEP’s focus is to advise and invest in premium energy transactions," notes Dan Pickering, Chief Investment Officer of Pickering Energy Partners. “Bringing Diego onboard further deepens our capabilities and access within the energy transition and sustainable resources sectors."
“Diego is a rare investment banker, bringing significant principal investment experience which gives him the unique ability to think like an investor when providing valuable advice to companies looking to access capital,” adds Walker Moody, President of Pickering Energy Partners. “Diego’s energy transition expertise is unparalleled, and we are fortunate to have him on the team.”
About Pickering Energy Partners
PEP is an energy-focused financial services platform. Our expertise spans decades across the entire energy landscape. We’ve deployed over $16 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors and partners alongside our clients. The PEP platform includes Investments, Research, Capital Markets, Investment Banking and Consulting. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that provides guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests.
For more information, please visit www.PickeringEnergyPartners.com.
Pickering Energy Partners LP (“PEP”) is an SEC Registered Investment Adviser. Affiliated PEP Advisory LLC (“PEP BD”) is a registered broker-dealer, member FINRA/SIPC.
For media inquiries
Jennifer Petree / Tina Tallant
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713.269.3776
Longtime datacenter and technology innovators will work closely with ECL executives to accelerate global expansion of world’s first hydrogen-powered modular, sustainable, off-grid data center; ECL to lead in implementation of iMasons Climate Accord
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Data Center-as-a-Service pioneer ECL today announced that Dean Nelson, founder and chairman of Infrastructure Masons (iMasons) and CEO of Cato Digital, has joined founder and CEO Yuval Bachar; Lily Yeung, Vice President at Molex Ventures; and Nathan Shuchami, Managing Partner at Hyperwise Ventures, on the ECL board of directors. The company also announced that Mohsen Moazami, Founder and Managing Partner at Seif Capital, is now a strategic advisor.
Having designed carbon elimination and high efficiency into deployments from day one, ECL was one of the 73 founding companies to adopt, and is fully committed and aligned with, the iMasons Climate Accord to reduce carbon in materials, products and power. More than 200 companies in the digital infrastructure industry have joined the Climate Accord to reduce carbon as the first step towards net zero. ECL is proud to join hands with some of the largest tech and infrastructure companies in the world in the battle against climate change.
“Healthy ecosystems must achieve balance to thrive. Digital infrastructure must act the same way,” said Nelson. “The ECL solution solves the economic, ecological and community challenges of building data centers. Lower costs with high efficiency to operators, drastic carbon reduction in line with the iMasons Climate Accord, and zero consumption of local resources. I’m excited for ECL to launch the world's first off-grid data centers with primary power from hydrogen.”
ECL announced the world’s first modular, sustainable, off-grid data center that uses green hydrogen as its primary power source in January 2023. The community-integrated data center design consumes no local resources, including power or water, and operates with zero emissions at extremely low noise levels. The first of its data centers will be unveiled in Mountain View, Calif., in May 2023.
“In the data center market there are the Hyperscalers and there is the ‘rest,’” said Moazami. “The ‘rest’ have been using technologies and approaches that have not evolved in 25 years! I am convinced that ECL will help transform the ‘rest’ segment with its breakthrough off-grid, zero emission, water free, ultra-high efficiency sustainable data center offer.”
ECL’s modularity and lack of dependence on local utilities means that its data centers can be designed and delivered much faster than others’, reducing planning and construction cycles from between 18 to 24 months to between six and nine months. ECL will achieve PUE of 1.05 across all of its data centers, with up to 50 kilowatts per rack, in 1MW blocks with 99.9999 percent uptime. By achieving meaningfully lower PUE ratios and higher rack densities, ECL’s customers will benefit from significantly lower cost of real estate, space and power consumption.
“I am extremely pleased to welcome Dean to the ECL team, and look forward to working closely with him to drive new innovations in data center sustainability and carbon reduction,” said Yuval Bachar, Founder and CEO of ECL. “Dean and I share a vision for the future of the data center industry, one where the carbon-intensive practices of the past are able to be phased out, and a new era of green hydrogen-driven sustainability is ushered in. Together we stand at the forefront of that new era.”
“I am also very eager to work closely with Mohsen,” added Bachar, “whose extensive history of leadership in the technology industry makes him a uniquely valuable mentor for the ECL team as we enter this new phase of growth. Mohsen’s deep knowledge of the data center industry and global financial markets will help ensure our success as we work to set a new standard for performance and sustainability worldwide.”
About ECL
ECL is leading the way in delivery of off-grid, reliable, sustainable, cost-effective hydrogen-powered Data Centers-as-a-Service. The company’s founders are data center veterans of some of the largest and most powerful companies in technology, including Facebook, Microsoft, LinkedIn, Cisco, HPE and Bloom Energy. Its technology includes extensive innovation in power management and cooling. ECL is backed by Molex and Hyperwise Ventures and headquartered in Mountain View, Calif. For more information visit www.ecl-dc.com.
Wilson Craig
Mindshare PR
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408-516-6182
Combination of Robots and AI Brings Agility to Manufacturing
LOS ANGELES--(BUSINESS WIRE)--#aerospace--Machina Labs today announced an investment from Yamaha Motor Ventures, the strategic business development and investment arm of Yamaha Motor Co., Ltd. (Tokyo: 7272). Machina Labs combines AI and robotics to rapidly manufacture advanced sheet metal products.
The investment will be used to accelerate company growth to meet customer demand, and to introduce new alloys in addition to sheet metal and titanium.
“Many of the industries in which Yamaha are involved – maritime, land mobility, food & agriculture, and more – require high levels of quality and precision at bespoke product volumes,” said Anish Patel, COO & Managing Director at Yamaha Motor Ventures. “For this reason among others, our investment in Machina Labs is an ideal fit. Their ability to rapidly iterate, improve, and manufacture metallurgic products increases our speed of innovation. With an addressable market in the billions, we’re excited to play a role in Machina’s success.”
“If you can imagine a metal part, there’s a very good chance we will be able to build it using our innovative combination of dieless sheet metal sheet forming, robotics, and AI,” according to Edward Mehr, CEO and Co-Founder of Machina Labs. “Yamaha is a brand long associated with innovation, creativity, and excellence. All of us at Machina Labs are excited at the prospect to benefitting from their investment and guidance.”
Machina Labs uses robots the way a blacksmith uses a hammer creatively to manufacture different designs and material, introducing unseen flexibility and agility to the manufacturing industry. The company combines the latest advances in AI and robotics to deliver finished metal products in days – not months or years – and gives customers unprecedented time to market and competitive advantage.
About Machina Labs
Founded in 2019 by aerospace and automotive industry veterans, Machina Labs is an advanced manufacturing company based in Los Angeles, California. Enabled by advancements in artificial intelligence and robotics, Machina Labs is developing Software-Defined Factories of the Future. The mission of the company is to develop modular manufacturing solutions that can be reconfigured to manufacture new products simply by changing the software. For more information, please visit https://www.machinalabs.ai/
About Yamaha Motor Ventures
Yamaha Motor Ventures is a wholly-owned subsidiary of Yamaha Motor Co., Ltd. (YMC). Founded in 2015 in support of YMC’s long-term goal to contribute to society through business, Yamaha Motor Ventures manages USD $200 million across two funds focused on seed to Series B investments. Headquartered in the home of innovation, Silicon Valley, Calif., Yamaha Motor Ventures offers a wealth of business development resources to startup companies to drive innovation forward in the fields of mobility, sustainability, robotics, fintech, insurtech, food and agriculture, health and wellness. For more information visit www.ymvsv.com
Tim Smith
Element Public Relations, for Machina Labs
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415-350-3019
AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced it will host a conference call and accompanying webcast at 11:00 a.m. ET / 10:00 a.m. CT on Wednesday, March 1, 2023, to discuss its financial results, the Company's business, and outlook. Hyliion plans to report its fourth-quarter and full-year 2022 financial results after the market close on Tuesday, February 28, 2023.
Hyliion’s Fourth-Quarter 2022 Results Conference Call
Date: Wednesday, March 1, 2023
Time: 11:00 a.m. ET / 10:00 a.m. CT
Conference Call Online Registration:
https://conferencingportals.com/event/vjUOPPlo
Access the Webcast:
https://events.q4inc.com/attendee/357822431
An archived webcast of the conference call will be accessible on the Investor Relations section of the Hyliion website.
About Hyliion
Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.
Ryann Malone
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(833) 495-4466
Kellen Ferris
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(833) 495-4466
CANTON, Ohio--(BUSINESS WIRE)--Knight Material Technologies (KMT), located in Canton, Ohio, has expanded its production capacity by installing a new kiln to support demand for the company's anti-corrosive brick and structured media used in corrosive and high-temperature applications found in industrial plants and towers. KMT (www.knightmaterials.com) is a leading service provider and manufacturer in the corrosion-resistant materials industry for both mass and heat transfer applications.
The company has experienced growing demand for its products, so the new investment will allow it to ship products more rapidly to its growing customer base.
The new capital investment, a roller hearth kiln, will increase the production at the Canton plant and will be used to manufacture KMT's industry-leading FLEXERAMIC® structured packing. FLEXERAMIC® structured packing is made of geometrically arranged corrugated sheets that offer improved thermal performance compared to random saddle media, including a 50% lower pressure drop and a 50% saving in production energy costs.
"We are excited to complete our first major capital investment at Knight Materials Technologies since our divestiture from Koch Engineered Solutions," said Kevin Brooks, President of KMT. "The new roller hearth kiln advances our manufacturing capabilities and improves our ability to accelerate our customer response times."
Roller hearth kilns are continuous, fast-firing kilns sought after for their uniformity in production, providing excellent temperature consistency, cleanliness and thermal efficacy. The kilns also reduce energy consumption by 40% compared to other kilns, with reduced CO2 emissions and energy savings. The reliability of replicating the same quality in every batch will allow the company to support its Quality Assurance pledge.
The investment is part of an overall growth expansion that includes the addition of 45 new jobs. KMT was recognized for its continued growth and expansion by the Ohio Department of Development, Stark Economic Development Board, JobsOhio and Team NEO, which included tax credit assistance and regional recognition of the company's contribution to Ohio manufacturing.
About Knight Material Technologies: Founded in 1910, Knight Material Technologies (KMT) designs, installs, services and manufactures custom acid-resistant linings used in highly corrosive processes for the chemical and mining industries worldwide. Headquartered in East Canton, OH, the company sells products in more than 40 countries, with sales offices in Australia and Chile and a fabrication shop in Baytown, Texas. In addition, KMT produces industry-leading ceramic packing media for chemical process and regenerative thermal oxidation systems with customers in a wide range of industrial applications. To learn more about KMT, visit www.KnightMaterials.com.
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Knight Material Technologies:
Mark Golla
234.255.0320
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