Eversource Energy

Eversource Named One of America’s Climate Leaders for 2024 by USA TODAY

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Giovedì, Maggio 30, 2024
Utilities, Environment, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Climate Change, Professional Services, Green Technology, ESG, Heat, Wind, Climate change, Eversource Energy, United Company, Natural gas, Electricity, Multimedia, Water, Renewable energy

For a second consecutive year, Eversource Energy (NYSE: ES) has been recognized by USA TODAY and Statista Inc. as one of America’s Climate Leaders for 2024.

Key Points: 
  • For a second consecutive year, Eversource Energy (NYSE: ES) has been recognized by USA TODAY and Statista Inc. as one of America’s Climate Leaders for 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240530948990/en/
    For a second consecutive year, Eversource Energy has been recognized by USA TODAY and Statista Inc. as one of America’s Climate Leaders for 2024.
  • (Graphic: Business Wire)
    “We’re deeply honored to receive this prestigious award from USA TODAY affirming our companywide commitment to being responsible stewards of the environment and doing our part to address climate change,” said Eversource Chairman, President and Chief Executive Officer Joseph Nolan.
  • Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire.

SHARC Energy Announces Q1 2024 Financial Results

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Giovedì, Maggio 16, 2024
Learning, Plumber, WET, Legislation, Yoy, CFO, Aircraft, False Creek, Eversource Energy, SHRC, Underrepresented group, Whitney Young, Growth, State, Revenue, Dollar, SHARC, Disclosure, City, Bank

VANCOUVER, British Columbia, May 16, 2024 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) announces it has filed financial results for the three months ended March 31, 2024.

Key Points: 
  • VANCOUVER, British Columbia, May 16, 2024 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) announces it has filed financial results for the three months ended March 31, 2024.
  • Revenue for the three months ended March 31, 2024 (“Q1 2024”) is $0.8M, representing ~50% of the full year revenue in 2023.
  • Gross margin for Q1 2024 stood at a solid 38%, demonstrating our resilience despite a slight decrease from the impressive 42% recorded in Q1 2023.
  • Hanspaul Pannu, CFO of SHARC Energy, said, "The results of Q1 2024 confirms SHARC Energy’s pipeline has reached a key maturity milestone with the delivery of revenue previously reported as Sales Order Backlog on April 29, 2024.

PIRANHA Receives Unanimous Approval From Massachusetts Plumbing and Gas Fitting Board for State Expansion

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Lunedì, Maggio 6, 2024
Ground source heat pump, Aircraft, SHARC, Heat pump, Heat, Policy, WET, Depreciation, Eversource Energy, United Association, Plumber, Growth, SHRC, Legislation, The State of Massachusetts, Air conditioning, Inflation, National Grid, HVAC, Energy, Renewable energy

The Company's application to the Massachusetts Plumber and Gas Fitter Board garnered strong backing from the United Association of Journeymen and Apprentices (“UA”) of Massachusetts, an influential union representing approximately 375,000 skilled plumbers, pipe fitters, and other industry professionals across the state.

Key Points: 
  • The Company's application to the Massachusetts Plumber and Gas Fitter Board garnered strong backing from the United Association of Journeymen and Apprentices (“UA”) of Massachusetts, an influential union representing approximately 375,000 skilled plumbers, pipe fitters, and other industry professionals across the state.
  • SHARC Energy is already collaborating with a real estate investment trust on a PIRANHA retrofit project, leveraging a 50% cost share from Eversource Energy for a PIRANHA feasibility study under the Massachusetts Save Technical Assistance Program .
  • The State of Massachusetts is an early adopter of decarbonization strategies and policy, making it an ideal state to expand SHARC Energy’s growing footprint.
  • Massachusetts has been at the forefront of promoting TENs, being the first state to include provisions for TEN pilots in its 2021 Climate Roadmap .

Eversource Energy Reports First Quarter 2024 Results

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Mercoledì, Maggio 1, 2024
Utilities, Energy, Sale, Climate change, Eversource Energy, Investment, Weather, News, Innovation system, Risk, Natural gas, Security (finance), Webcast, Public expenditure, Wind, Public policy, Three Months, EPS, Terrorism, Confidentiality, GAAP, Growth

Eversource Energy has approximately 351 million common shares outstanding and operates New England’s largest energy delivery system.

Key Points: 
  • Eversource Energy has approximately 351 million common shares outstanding and operates New England’s largest energy delivery system.
  • Note: Eversource Energy will webcast a conference call with senior management on May 2, 2024, beginning at 9 a.m. Eastern Time.
  • The only common equity securities that are publicly traded are common shares of Eversource Energy.
  • Eversource Energy uses this non-GAAP financial measure to evaluate and provide details of earnings results by business This non-GAAP financial measure should not be considered as an alternative to Eversource Energy’s EPS determined in accordance with GAAP as an indicator of Eversource Energy’s operating performance.

Eversource Energy Announces Execution of Definitive Agreement with Ørsted to Sell Sunrise Wind

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Venerdì, Aprile 19, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Goldman Sachs, Sale, Public, Climate change, Eversource Energy, Weather, Risk, Innovation system, Natural gas, Security (finance), Ropes & Gray, Carbon, Development, Public expenditure, Wind, Public policy, Terrorism, Confidentiality, Renewable energy

Eversource Energy (NYSE: ES) (“Eversource”) today announced it has finalized definitive documents regarding its previously announced agreement to sell its 50 percent ownership stake in the 924-megawatt Sunrise Wind project to Ørsted.

Key Points: 
  • Eversource Energy (NYSE: ES) (“Eversource”) today announced it has finalized definitive documents regarding its previously announced agreement to sell its 50 percent ownership stake in the 924-megawatt Sunrise Wind project to Ørsted.
  • Eversource will remain contracted, under a separate construction management agreement, to lead the onshore construction of the Sunrise Wind project following the closing.
  • “We’re proud of the work we have already accomplished for Sunrise Wind and look forward to assisting Ørsted and the State of New York in advancing this important clean energy project through our continued onshore support,” said Joe Nolan, Chief Executive Officer and President of Eversource Energy.
  • Sunrise Wind was subsequently selected by New York State in February 2024 to move forward with contract negotiations with NYSERDA.

Eversource Energy to Discuss First Quarter Results

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Martedì, Aprile 16, 2024
Energy, Utilities, Oil, Gas, Natural gas, Wind, United Company, Electricity, Eversource Energy, Water

Eversource Energy will webcast a conference call with financial analysts on Thursday, May 2, 2024, beginning at 9 a.m. Eastern Time, at which senior management will review the company’s financial performance through the first quarter of 2024.

Key Points: 
  • Eversource Energy will webcast a conference call with financial analysts on Thursday, May 2, 2024, beginning at 9 a.m. Eastern Time, at which senior management will review the company’s financial performance through the first quarter of 2024.
  • Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is the #1 energy company in Newsweek ’s list of America’s Most Responsible Companies for 2024 and recognized as a Five-Year Champion , appearing in every edition of the list.
  • Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire.
  • The #1 energy efficiency provider in the nation, Eversource harnesses the commitment of approximately 9,900 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service.

Benefits of Transmission Competition Remain Elusive

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Mercoledì, Aprile 17, 2024
Element, Risk, Federal Energy Regulatory Commission, Eversource Energy, FERC, Exelon, Multimedia, DATA, Xcel Energy, Construction

NOVI, Mich., April 17, 2024 /PRNewswire/ -- Members of the Developers Advocating Transmission Advancements (DATA) Coalition, including ITC Holdings Corp., are highlighting new findings in an expanded study from Concentric Energy Advisors that reinforces conclusions from its 2022 study that found an absence of benefits being delivered by competitive transmission solicitations mandated by Federal Energy Regulatory Commission's (FERC) Order 1000. The expanded analysis reveals a continued lack of evidence to support the claims of cost savings from non-incumbent competitive projects and raises concerns regarding alleged cost containment measures intended to protect customers.

Key Points: 
  • 1000 Projects" expands on previous evidence and finds that the benefits of competitive solicitation processes remain unsupported by the totality of the evidence.
  • Notable findings include:
    The expected cost savings from competitive transmission remain unsupported by the evidence.
  • Case studies demonstrate high levels of cost and schedule adherence by incumbent transmission developers when constructing complex regional transmission projects.
  • "Transmission investment is desperately needed to ensure reliability as the transition to renewable energy sources continues to rapidly accelerate.

Sunrise Wind receives federal record of decision, takes final investment decision

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Mercoledì, Aprile 10, 2024
Wind, Interior, Development, COP, National Environmental Policy Act, Bureau, BOEM, Acquisition, Capital, Woman, Eversource Energy, New Yorker, Workforce, USD, Hand, Rod, Record, Renewable energy

Sunrise Wind receives federal record of decision, takes final investment decision

Key Points: 
  • Sunrise Wind receives federal record of decision, takes final investment decision
    Sunrise Wind today received its Record of Decision (RoD) from the US Department of the Interior's Bureau of Ocean Energy Management (BOEM), crossing a critical milestone in the federal environmental review process for the offshore wind project serving New York.
  • Additionally, Ørsted and Eversource today announced they have jointly taken a final investment decision on Sunrise Wind, solidifying the commitment to build the project, and will now advance with some important onshore construction activities.
  • Sunrise Wind will bring USD 700 million of investment to Suffolk County and create 800 direct jobs and thousands of indirect jobs in the state.
  • With the federal Record of Decision in hand and our final investment decision having been made, we can continue to create hundreds of local union jobs and stand up a vibrant supply chain.

Voltrek Successfully Secures More Than $11 Million of EV Charging Construction Services Work

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Mercoledì, Aprile 3, 2024
Orion Energy Systems, EV, Level 2, Eversource Energy, Orion, Lighting, Workplace, LED

MANITOWOC, Wis., April 03, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting, announced significant progress in its EV charging business through its electric vehicle (EV) charging solutions division, Voltrek.

Key Points: 
  • MANITOWOC, Wis., April 03, 2024 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting, announced significant progress in its EV charging business through its electric vehicle (EV) charging solutions division, Voltrek.
  • Voltrek has successfully secured more than $11 million of open construction services contracts under the Eversource “EV Make Ready” program.
  • This achievement underscores the increasing demand for EV charging solutions and reaffirms Voltrek's position as a trusted industry partner.
  • To learn more about Orion Energy Systems and Voltrek’s EV charging solutions, visit the orionlighting.com website for more information.

Versus Capital Welcomes Robert Becker as Chief Investment Strategist

Retrieved on: 
Giovedì, Aprile 4, 2024
Asset Management, Professional Services, Finance, Franklin Templeton Investments, Growth, Cohen & Steers, Research, Transport, University, Prospectus, Industrial, Eversource Energy, Salomon Brothers, Cohen, Financial services

Versus Capital Advisors (NASDAQ: VCRRX), a leading manager of investment strategies focused on real assets, today announced that Robert Becker has joined the firm as Chief Investment Strategist.

Key Points: 
  • Versus Capital Advisors (NASDAQ: VCRRX), a leading manager of investment strategies focused on real assets, today announced that Robert Becker has joined the firm as Chief Investment Strategist.
  • Versus Capital continues to invest heavily in its investment team, almost doubling its number of investment professionals in the past year.
  • “We are excited to welcome Bob to the team,” said Mark Quam, Chief Executive Officer of Versus Capital.
  • “I am thrilled to be joining the talented and innovative team at Versus Capital,” said Robert Becker.