Public utility

Small Businesses Maintain Steady Hiring Pace in February

Retrieved on: 
Tuesday, March 12, 2024
Insurance, Human Resources, Labor, Finance, Consulting, Public Policy, Government, Business, Professional Services, Small Business, Employment, Growth, Labour, Environment, Bureau, Small business, Creative Commons, CFA, Public utility, Index, Foodservice, ADP

The CBIZ SBEI tracks payroll and hiring trends for over 2,900 companies that have 300 or fewer employees, providing broad insight into small business trends.

Key Points: 
  • The CBIZ SBEI tracks payroll and hiring trends for over 2,900 companies that have 300 or fewer employees, providing broad insight into small business trends.
  • “Small businesses steadily expanded their workforces, driven by the current economic resilience,” said Anna Rathbun, CFA, Chief Investment Officer, CBIZ Investment Advisory Services, LLC.
  • Meanwhile, the ADP employment report indicated hiring growth among small, medium and large-sized companies.
  • Small businesses accounted for an increase of 13,000 of those jobs on a seasonally adjusted, month-over-month basis.

KBRA Assigns Long-Term Rating of AA- to the City of Chicago Second Lien Wastewater Transmission Revenue Bonds, Refunding Series 2024A ; Outlook Stable

Retrieved on: 
Monday, March 11, 2024
Professional Services, Finance, Wastewater, Collection, City, Drainage, FYE, Parity, KBRA, Public utility

KBRA assigns a long-term rating of AA- with a Stable Outlook to the City of Chicago Second Lien Wastewater Transmission Revenue Bonds, Refunding Series 2024A.

Key Points: 
  • KBRA assigns a long-term rating of AA- with a Stable Outlook to the City of Chicago Second Lien Wastewater Transmission Revenue Bonds, Refunding Series 2024A.
  • The long-term rating reflects the Wastewater System’s strong financial flexibility, historically stable operating performance, and the favorable characteristics of the large and diverse service area.
  • Concurrently, KBRA affirms the long-term rating of AA- with a Stable Outlook on the City of Chicago's parity Second Lien Wastewater Transmission Revenue Bonds.
  • The Second Lien Wastewater bonds are limited obligations of the City of Chicago (“the City”), payable solely from a second lien on net revenues of the sewer revenue fund.

Energy Storage System Market to Reach $329.1 billion, Globally, by 2032 at 5.2% CAGR: Allied Market Research

Retrieved on: 
Friday, April 5, 2024
EVS, Diagnosis, PDF, Hospital, Growth, Public utility, Solar energy, Table, Renewable energy

PORTLAND, Ore., April 5, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Energy Storage System Market by Technology (Pumped Hydro Storage, Battery Energy Storage, Compressed Air Energy Storage, and Flywheel Energy Storage), Application (Stationary and Transport), and End-Use (Residential, Non Residential, and Utilities): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the "energy storage system market" was valued at $198.8 billion in 2022, and is estimated to reach $329.1 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.

Key Points: 
  • By technology, the pumped hydro storage segment held the highest market share in 2022, accounting for more than four-fifths of energy storage system market revenue.
  • However, the flywheel energy storage segment is projected to manifest the highest CAGR of 6.3% from 2023 to 2032.
  • The increase in innovation and development of medical devices for diagnosis in hospitals have led to an increase in the demand for flywheel energy storage devices which has a positive impact on the energy storage system market.
  • Stationary energy storage systems command a significant market share due to their versatility, reliability, and broad applicability across various sectors.

Energy Storage System Market to Reach $329.1 billion, Globally, by 2032 at 5.2% CAGR: Allied Market Research

Retrieved on: 
Friday, April 5, 2024
EVS, Diagnosis, PDF, Hospital, Growth, Public utility, Solar energy, Table, Renewable energy

PORTLAND, Ore., April 5, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Energy Storage System Market by Technology (Pumped Hydro Storage, Battery Energy Storage, Compressed Air Energy Storage, and Flywheel Energy Storage), Application (Stationary and Transport), and End-Use (Residential, Non Residential, and Utilities): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the "energy storage system market" was valued at $198.8 billion in 2022, and is estimated to reach $329.1 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.

Key Points: 
  • By technology, the pumped hydro storage segment held the highest market share in 2022, accounting for more than four-fifths of energy storage system market revenue.
  • However, the flywheel energy storage segment is projected to manifest the highest CAGR of 6.3% from 2023 to 2032.
  • The increase in innovation and development of medical devices for diagnosis in hospitals have led to an increase in the demand for flywheel energy storage devices which has a positive impact on the energy storage system market.
  • Stationary energy storage systems command a significant market share due to their versatility, reliability, and broad applicability across various sectors.

TRC Companies Expands Global Footprint with Strategic Hire in Europe

Retrieved on: 
Thursday, April 4, 2024
Energy transition, Growth, Đerić, TRC, GIS, Strategic planning, Information technology, Policy, Software, Operational technology, Public utility, Engineering, Ageing, Renewable energy

WINDSOR, Conn., April 4, 2024 /PRNewswire-PRWeb/ -- WINDSOR, Conn., – TRC Companies, Inc. (TRC), a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the Energy Transition, announced that Miki Deric has joined the company to accelerate growth and expansion across Europe.

Key Points: 
  • TRC announced that Miki Deric has joined the company to accelerate growth and expansion across Europe.
  • WINDSOR, Conn., April 4, 2024 /PRNewswire-PRWeb/ -- WINDSOR, Conn., – TRC Companies, Inc. (TRC), a global professional services firm providing integrated strategy, consulting, engineering and applied technologies in support of the Energy Transition, announced that Miki Deric has joined the company to accelerate growth and expansion across Europe.
  • TRC recently acquired Locana, a global leader in enterprise geospatial technologies, with a presence in the U.K.
  • Deric joins TRC with extensive experience helping utilities solve critical challenges, with a specialized focus on strategic planning, business processes, operational models, decision-making frameworks and operational practices.

Vexcel Data Program To Add 6 New Countries to Its Aerial Collection

Retrieved on: 
Wednesday, April 3, 2024
Government, Intelligence, ArcGIS, DSM, Transport, AEC, Public utility, API, HD, Collection, Digital elevation model, Surveying

CENTENNIAL, Colo., April 3, 2024 /PRNewswire/ -- Vexcel Data Program announced today it will expand its global coverage of high-resolution aerial imagery by adding new countries to its planned collection for 2024: Brazil, South Africa, Estonia, Latvia, Lithuania, and Poland. With this expansion, Vexcel is set to become the only aerial imagery collection program operating on every continent, except Antarctica.

Key Points: 
  • With this expansion, Vexcel is set to become the only aerial imagery collection program operating on every continent, except Antarctica.
  • "This expansion further solidifies Vexcel's position as the world's largest aerial imagery program," shared Erik Jorgensen, CEO of Vexcel Group.
  • Vexcel's urban country collection program offers imagery at a native resolution multiple times better than satellite imagery and with significantly better geographic positional accuracy.
  • For more information on Vexcel, its products, and its global coverage program, visit vexceldata.com .

Services PMI® at 51.4%; March 2024 Services ISM® Report On Business®

Retrieved on: 
Wednesday, April 3, 2024
Education minister, Employment, Season, CFPM, Real estate, Backlog, Mining, Growth, Renting, Labour, Transport, Veterans' affairs, Business, Risk, COVID-19, Education, Public opinion, Information, Welfare, Retail, Science, Housing, Veteran, Public utility, Inventory, Index, Forestry, CPSM, Foodservice, Arms industry

TEMPE, Ariz., April 3, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in March for the 15th consecutive month as the Services PMI® registered 51.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 45 of the last 46 months, with the lone contraction in December 2022.

Key Points: 
  • TEMPE, Ariz., April 3, 2024 /PRNewswire/ -- Economic activity in the services sector expanded in March for the 15th consecutive month as the Services PMI® registered 51.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
  • The Business Activity Index registered 57.4 percent in March, which is 0.2 percentage point higher than the 57.2 percent recorded in February.
  • "The Supplier Deliveries Index registered 45.4 percent, 3.5 percentage points lower than the 48.9 percent recorded in February.
  • The 12 services industries reporting growth in March — listed in order — are: Accommodation & Food Services; Professional, Scientific & Technical Services; Agriculture, Forestry, Fishing & Hunting; Educational Services; Construction; Management of Companies & Support Services; Utilities; Retail Trade; Wholesale Trade; Other Services; Finance & Insurance; and Health Care & Social Assistance.

CGI partners with MOSL to enable continued innovation for the retail water market in England

Retrieved on: 
Wednesday, April 3, 2024
Water, GIB, Central Market, Collection, TSX, CGI, CMOS, Public utility, Cryptocurrency

The contract is valued at $18.7 million (£11.5 million).

Key Points: 
  • The contract is valued at $18.7 million (£11.5 million).
  • Simon Powell, Chief Information Officer at MOSL said, "By working closely with CGI, we will be able to drive both efficiency and innovation while continuing to provide a reliable service that delivers value for money for both retailers and wholesalers.
  • Partnering with CGI we will continue to deliver a well-functioning market whilst developing the capabilities for the future."
  • Additionally, the platform enables MOSL to enhance customer service and provide more choice for business customers.

Grafine Partners Closes on $600 Million for Inaugural Strategy

Retrieved on: 
Thursday, March 28, 2024
Kirkland & Ellis, Strategy, History, Public utility

NEW YORK, March 28, 2024 /PRNewswire/ -- Grafine Partners ("Grafine"), a private investment firm that accesses differentiated sources of alpha by investing in new firms led by experienced private equity investors, today announced that it closed its inaugural strategy, Grafine Capital I ("the Strategy") and parallel vehicles, with approximately $600 million in total capital commitments. The Strategy exceeded its target of $500 million with commitments from a small and select group of institutional investors seeking new and innovative approaches to generating returns. Grafine's first strategy provides anchor LP capital and institutional-level support to first-time funds launched by experienced private markets investors, in exchange for revenue sharing and access to co-investment opportunities for its LPs.

Key Points: 
  • NEW YORK, March 28, 2024 /PRNewswire/ -- Grafine Partners ("Grafine"), a private investment firm that accesses differentiated sources of alpha by investing in new firms led by experienced private equity investors, today announced that it closed its inaugural strategy, Grafine Capital I ("the Strategy") and parallel vehicles, with approximately $600 million in total capital commitments.
  • The Strategy exceeded its target of $500 million with commitments from a small and select group of institutional investors seeking new and innovative approaches to generating returns.
  • Grafine's first strategy provides anchor LP capital and institutional-level support to first-time funds launched by experienced private markets investors, in exchange for revenue sharing and access to co-investment opportunities for its LPs.
  • Stanley Capital Partners , a European-focused mid-market private equity firm focused on healthcare, technology & resource efficiency.

Open International to Showcase Utility Billing System that Simplifies Utility Operations at CS Week

Retrieved on: 
Wednesday, March 27, 2024
Consultant, Synthetic media, Conference, IOU, Complexity, Artificial intelligence, Business development, MDM, CSS, CS, Public utility, MWM, Booth, Workforce, Data management, CIS, Generative, Corredor

At CS Week, Open International will host a series of activities aimed at immersing attendees in cutting-edge innovations shaping the US utilities sector.

Key Points: 
  • At CS Week, Open International will host a series of activities aimed at immersing attendees in cutting-edge innovations shaping the US utilities sector.
  • Corredor will provide real-world examples of how Utilities can address current challenges faced by public utility companies, ensuring stable and efficient operations.
  • "We're thrilled to be part of CS Week 2024, excited to showcase how Open International's innovative solutions can streamline operations and simplify business complexities.
  • Discover the future of utility operations with Open International at booth #209.