EPC

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

Retrieved on: 
Thursday, April 4, 2024

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.

Key Points: 
  • In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.
  • Cedar LNG has secured a 20-year take-or-pay, fixed toll contract with ARC Resources for 1.5 million mtpa of LNG.
  • "We are proud to partner with Cedar LNG, the Haisla Nation and Pembina Pipeline who share our commitment to responsible energy development."
  • Once operational, Cedar LNG is expected to generate annual run-rate adjusted EBITDA of US$200 million to US$260 million, net to Pembina.

Black & Veatch Moves the Starting Line in Industrial Cybersecurity

Retrieved on: 
Thursday, April 4, 2024

Black & Veatch, a global engineering, procurement, construction (EPC) and consulting leader, is revolutionizing industrial cybersecurity by moving the starting line to the beginning of asset development.

Key Points: 
  • Black & Veatch, a global engineering, procurement, construction (EPC) and consulting leader, is revolutionizing industrial cybersecurity by moving the starting line to the beginning of asset development.
  • Black & Veatch’s industrial cybersecurity practice begins with integrating cyber into the engineering, design and construction of assets, following through on its belief that cybersecurity is better built-in, rather than bolted-on.
  • Post-delivery, Black & Veatch designs, builds and runs cybersecurity programs that keep assets up and running safely throughout their lifecycles.
  • “Cyber attackers are bringing the fight to our clients’ home fields,” said Ian Bramson, vice president of Black & Veatch’s global industrial cybersecurity practice.

Travis St. Pierre Named President of Audubon Engineering Company LP

Retrieved on: 
Wednesday, April 3, 2024

Today, Audubon Engineering Company LP (Audubon), a leading provider of integrated engineering, procurement, construction (EPC), fabrication, and technical solutions, announced the promotion of Travis St. Pierre , PE, to President of Audubon’s engineering group.

Key Points: 
  • Today, Audubon Engineering Company LP (Audubon), a leading provider of integrated engineering, procurement, construction (EPC), fabrication, and technical solutions, announced the promotion of Travis St. Pierre , PE, to President of Audubon’s engineering group.
  • Reporting to Chief Executive Officer David Robison, Travis will lead Audubon’s engineering operations, which offer integrated project services across the energy and industrial sectors .
  • View the full release here: https://www.businesswire.com/news/home/20240403692665/en/
    Travis St. Pierre, President of Audubon Engineering Company LP (Photo: Business Wire)
    In his new role as president, Travis will drive growth in various new and existing business units throughout the engineering company and will support integration with Audubon’s affiliate companies, which focus on field services , construction , and fabrication .
  • Audubon CEO David Robison noted: “Travis’s promotion is a testament to his experience and leadership of our global engineering group.

Audubon Launches Unprecedented Vapor Recovery & Reuse System for EPA Compliance

Retrieved on: 
Tuesday, March 26, 2024

The unprecedented VUS advances vapor recovery functions by not only ensuring compliance with Environmental Protection Agency (EPA) regulations—it transforms toxic waste emissions into power or heat energy.

Key Points: 
  • The unprecedented VUS advances vapor recovery functions by not only ensuring compliance with Environmental Protection Agency (EPA) regulations—it transforms toxic waste emissions into power or heat energy.
  • The proprietary system captures waste vapor emissions according to new, stricter federal regulations and reuses them as an energy source.
  • Unlike traditional methods that merely remove waste vapor, the VUS converts it for power generation, electrical grid support, or renewable feedstock.
  • Audubon will work with its energy and industrial clients to support compliance with these standards for applications such as terminal loading, marine loading, fuel storage, and ethanol production, among others.

ICE Launches Mortgage Insurance Center for Encompass Digital Lending Platform with Integrations to All Major MI Providers

Retrieved on: 
Wednesday, March 20, 2024

(NYSE: ICE), a leading global provider of technology and data, today announced the launch of the Encompass Mortgage Insurance (MI) Center, now available to users of ICE’s end-to-end digital lending platform.

Key Points: 
  • (NYSE: ICE), a leading global provider of technology and data, today announced the launch of the Encompass Mortgage Insurance (MI) Center, now available to users of ICE’s end-to-end digital lending platform.
  • MI services from third-party providers Arch MI, Enact, Essent, MGIC, National MI and Radian are available.
  • “With the addition of MI Center, Encompass now offers lenders a full array of tools and ordering options to digitally initiate and complete mortgage transactions on ICE technology,” said Tim Bowler, President of ICE Mortgage Technology™.
  • With the new MI EPC integrations, rate quote documents and insurance certificates will now include the provider’s name and type of document in the Encompass eFolder.

R2 Semiconductor Announces Two Important Updates in Intel Patent Infringement Case

Retrieved on: 
Monday, March 18, 2024

R2 Semiconductor, a Third Point Ventures portfolio company (“R2”), today announced two important updates in its patent infringement case against German subsidiaries of Intel Corp (“Intel”) (Nasdaq: INTC) and its customers, Dell Technologies (“Dell”) (NYSE: DELL) and Hewlett Packard Enterprise Company and HP Inc. (together “HP”) (NYSE: HPE and HPQ).

Key Points: 
  • R2 Semiconductor, a Third Point Ventures portfolio company (“R2”), today announced two important updates in its patent infringement case against German subsidiaries of Intel Corp (“Intel”) (Nasdaq: INTC) and its customers, Dell Technologies (“Dell”) (NYSE: DELL) and Hewlett Packard Enterprise Company and HP Inc. (together “HP”) (NYSE: HPE and HPQ).
  • Second, on Friday, R2 filed patent infringement lawsuits in Germany against Amazon Web Services EMEA SARL and Fujitsu Technology Solutions GmbH claiming both companies are infringing on the same patent.
  • As noted, the German Patent Court has already given its preliminary opinion that the patent is valid.
  • R2 filed patent infringement lawsuits against Amazon Web Services EMEA SARL and Fujitsu Technology Solutions GmbH in the Dusseldorf Regional Court in Germany, claiming both companies are using Intel chips that infringe on R2’s groundbreaking patent covering integrated voltage regulation.

Energy Vault Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.
  • Battery energy storage execution and outlook are strong:
    Began Commercial Operations of the Stanton Battery Energy Storage System with Wellhead and W Power.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Reached substantial completion on our 440 MWh battery energy storage system with NV Energy as of December 2023 and expect to achieve final completion in the first quarter 2024.

NextDecade Provides Fourth Quarter 2023 Business Update

Retrieved on: 
Monday, March 11, 2024

NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024.

Key Points: 
  • NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024.
  • "We are committed to maximizing long-term value for NextDecade's shareholders by executing our business strategy efficiently and effectively," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer.
  • With regulatory approvals in place, our Train 4 and 5 expansion capacity is well-positioned to meet growing global demand for LNG.
  • NextDecade has posted an updated investor presentation to its website concurrently with this release.

iSun, Inc. Announces Appointment of Robert J. Zulkoski as Chief Executive Officer

Retrieved on: 
Monday, March 11, 2024

(Bob) Zulkoski as Chief Executive Officer.

Key Points: 
  • (Bob) Zulkoski as Chief Executive Officer.
  • Effective immediately, Bob Zulkoski is appointed as the new Chief Executive Officer of iSun, Inc. Jeff Peck will remain full-time with iSun in a strategic advisory and operational role to support the CEO.
  • Jeff will continue to play a key strategic advisory and operational role to support the CEO,” said Andrew Matthy, Board Member.
  • “We are excited to announce the appointment of Bob Zulkoski as our new Chief Executive Officer.

NET Power Reports Fourth Quarter and Year End 2023 Results and Provides Business Update

Retrieved on: 
Monday, March 11, 2024

NET Power Inc. (NYSE: NPWR) (“NET Power” or the “Company”) today reported results for the fourth quarter and year end 2023.

Key Points: 
  • NET Power Inc. (NYSE: NPWR) (“NET Power” or the “Company”) today reported results for the fourth quarter and year end 2023.
  • Danny Rice, Chief Executive Officer of NET Power, commented, “Our team concluded the fourth quarter of 2023 with steady progress across our three strategic pillars.
  • “2023 was a historic year for NET Power, which included completing our business combination with Rice Acquisition Corp. II and becoming a publicly listed company on the NYSE in June.
  • NET Power will host a conference call to discuss fourth quarter and year end 2023 financial results beginning at 8:30 AM ET on Tuesday, March 12.