Other Energy

LG Energy Solution and SK Innovation Reach Agreement to End USITC Trade Secret Dispute and End Litigation

Sunday, April 11, 2021 - 12:30pm

SK Innovation will pay LG Energy Solution 2 trillion won (USD $1.8 billion) apportioned into lump-sum payments and a running royalty.

Key Points: 
  • SK Innovation will pay LG Energy Solution 2 trillion won (USD $1.8 billion) apportioned into lump-sum payments and a running royalty.
  • "LG Energy Solution and SK Innovation have decided to settle to compete in an amicable way, all for the future of the U.S. and South Korean electric vehicle battery industries," said Jong Hyun Kim, CEO and President of LG Energy Solution and Jun Kim, CEO and President of SK Innovation.
  • He also stated, "LG Energy Solution is grateful to the U.S. government and stakeholders involved for their efforts in making this settlement possible.
  • Kim added, As a global pioneer in the industry, LG Energy Solution will continue to make bold investments that align with President Biden's environmental policies.

EIG Signs $12.4 Billion Infrastructure Deal with Aramco

Friday, April 9, 2021 - 9:30pm

The transaction is valued at approximately $12.4 billion with Aramco holding the remaining 51% stake in the new entity, indicating a total equity value of Aramco Oil Pipelines of approximately $25.3 billion.

Key Points: 
  • The transaction is valued at approximately $12.4 billion with Aramco holding the remaining 51% stake in the new entity, indicating a total equity value of Aramco Oil Pipelines of approximately $25.3 billion.
  • As part of the transaction, Aramco will lease the usage rights in its stabilized crude oil pipelines network to Aramco Oil Pipelines, and Aramco Oil Pipelines will grant back to Aramco the exclusive right to use, transport through, operate and maintain the pipeline network during the 25-year period in exchange for a quarterly, volume-based tariff, payable by Aramco.
  • Aramco will at all times retain title to, and operational control of, the pipeline network and will assume all operating and capital expense risk.
  • EIG is a leading institutional investor to the global energy sector with $22.0 billion under management as of December 31, 2020.

Helix Announces First Quarter 2021 Earnings Release Date and Conference Call Information

Friday, April 9, 2021 - 9:15pm

Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its first quarter 2021 results on Monday, April 26, 2021, after the close of business.

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its first quarter 2021 results on Monday, April 26, 2021, after the close of business.
  • The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com .
  • Helix will review its first quarter 2021 results on Tuesday, April 27, 2021, at 9:00 a.m. Central Time via a live webcast and teleconference.
  • For more information about Helix, please visit our website at www.HelixESG.com .

PG&E Contributes $500,000 to Restaurant Resilience Fund to Strengthen Businesses for the Long-Term

Friday, April 9, 2021 - 5:30pm

The California Restaurant Foundations (CRF) Restaurants Care Resilience Fund is accepting applications April 11-18, 2021.

Key Points: 
  • The California Restaurant Foundations (CRF) Restaurants Care Resilience Fund is accepting applications April 11-18, 2021.
  • Pacific Gas and Electric Company (PG&E) contributed $500,000 to the fund to assist small restaurants struggling in the wake of stay-at-home orders and other pandemic restrictions that have affected their businesses.
  • The Restaurants Care Resilience Fund is focused on long-term resilience for small restaurants that have struggled the most during the pandemic.
  • Whats really unique about our Resilience Fund is that it supports the business as well as individual restaurant workers, said Alycia Harshfield, Executive Director of the California Restaurant Foundation.

Hess Schedules Earnings Release Conference Call

Friday, April 9, 2021 - 3:53pm

Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 28, 2021 at 10 a.m. Eastern Time to discuss its first quarter 2021 earnings release.

Key Points: 
  • Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 28, 2021 at 10 a.m. Eastern Time to discuss its first quarter 2021 earnings release.
  • A replay of the conference call will be available from March 28 through May 13, 2021 by dialing 855-859-2056 and entering the pass code 6296790.
  • Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.
  • Estimates and projections contained in this release are based on the Companys current understanding and assessment based on reasonable assumptions.

Global Grid Battery Energy Storage Market to 2030 - Electricity Market Modernization and Cost Reductions are Powering the Industry - ResearchAndMarkets.com

Friday, April 9, 2021 - 3:36pm

The "Electricity Market Modernization and Cost Reductions Powering the Global Grid Battery Energy Storage Market" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Electricity Market Modernization and Cost Reductions Powering the Global Grid Battery Energy Storage Market" report has been added to ResearchAndMarkets.com's offering.
  • Power utilities, system operators, and authorities worldwide increasingly regard grid battery energy storage as a core component of energy expansion plans.
  • Grid battery energy storage market fundamentals proved to be adequately strong against the COVID-19 turmoil.
  • Meanwhile, in most countries, the economics for grid battery storage is expected to remain challenging pending further cost reductions and market design modernization.

Cheniere Publishes Climate Scenario Analysis Report

Friday, April 9, 2021 - 2:00pm

Cheniere Energy, Inc. (Cheniere) (NYSE American: LNG) announced today that it has published a Climate Scenario Analysis Report.

Key Points: 
  • Cheniere Energy, Inc. (Cheniere) (NYSE American: LNG) announced today that it has published a Climate Scenario Analysis Report.
  • The report analyzes the long-term resilience of Chenieres business and the potential implications for LNG supply and demand in various future climate scenarios through 2040, including the IEA Sustainable Development Scenario, which is a below 2C warming scenario.
  • The analysis and report are aligned with the recommendations of the Task Force on Climate-related Financial Disclosures.
  • This analysis will assist Cheniere in strategic business decisions and efforts to inform our stakeholders about climate-related risks and business opportunities.

Global Hydrogen Electrolyzer (Value, Volume) Market Report 2021-2026: Market Insights, Covid-19 Impact, Competition and Forecasts - ResearchAndMarkets.com

Friday, April 9, 2021 - 12:46pm

The "Global Hydrogen Electrolyzer Market (Value, Volume) - Analysis By Product, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Hydrogen Electrolyzer Market (Value, Volume) - Analysis By Product, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
  • Moreover, increasing establishments of renewable power generation units across the globe coupled with growing investments by the organization in future sustainable technologies are contributing to the growth of hydrogen electrolyzer market during forecast period.
  • Among the Product segment in the Hydrogen Electrolyzer market (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer and Solid Oxide Electrolyzer), Alkaline Electrolyzer segment leads the market.
  • The North America Region dominates the Hydrogen Electrolyzer market.

American Water Publishes First Annual Inclusion & Diversity Report

Friday, April 9, 2021 - 12:00pm

American Water (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, announced today that it has released its first annual Inclusion & Diversity Report .

Key Points: 
  • American Water (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, announced today that it has released its first annual Inclusion & Diversity Report .
  • This report highlights the efforts we have undertaken and the strides we have made advancing the companys commitment to inclusion and diversity, said Walter Lynch, President and CEO, American Water.
  • At American Water, we believe that inclusion and diversity are vital elements to our success.
  • American Water has received various awards and recognitions demonstrating our commitment to inclusion & diversity, examples include:
    With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company.

ITT to Release 2021 First Quarter Results on Friday, May 7

Friday, April 9, 2021 - 11:45am

April 9, 2021-- ITT Inc. (NYSE: ITT) will release its first quarter financial results before the opening of The New York Stock Exchange on Friday, May 7, 2021.

Key Points: 
  • April 9, 2021-- ITT Inc. (NYSE: ITT) will release its first quarter financial results before the opening of The New York Stock Exchange on Friday, May 7, 2021.
  • The company will hold a conference call at 9:00 a.m. Eastern Time to discuss the 2021 first quarter financial results.
  • To participate on the conference call, please dial +1 (706) 643-7542 approximately ten minutes before the 9:00 a.m.
  • ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in approximately 125 countries.