Other Energy

Trace Capital Management, Formerly Denham Capital’s Energy Resources Investment Platform, Announces Newly Formed Energy Focused Investment Manager

Retrieved on: 
Monday, August 15, 2022 - 3:53pm

Trace Capital Management (Trace) announced today that it has been formed via the lift out of Denham Capitals Energy Resources investment program - its active funds, people and associated infrastructure - into a newly created energy focused SEC registered investment advisor.

Key Points: 
  • Trace Capital Management (Trace) announced today that it has been formed via the lift out of Denham Capitals Energy Resources investment program - its active funds, people and associated infrastructure - into a newly created energy focused SEC registered investment advisor.
  • Trace generates market leading energy returns by prioritizing management team edge, asset level diligence and discipline, portfolio construction and risk management.
  • Jordan Marye, Traces Managing Partner said, We are excited to form Trace Capital in a moment of great change and opportunity in the global energy landscape.
  • About Trace: Trace Capital Management (Trace) is a proven and pragmatic energy investor focused on value and growth investments across the global energy landscape, with a particular focus on energy infrastructure, upstream oil and gas and viable low/no carbon opportunities.

Audubon Engineering Company Celebrates 25th Anniversary

Retrieved on: 
Monday, August 15, 2022 - 3:00pm

Audubon Engineering Company LLC (Audubon) is commemorating 25 years since its founding in August 1997.

Key Points: 
  • Audubon Engineering Company LLC (Audubon) is commemorating 25 years since its founding in August 1997.
  • The trio graduated from Louisiana State Universitys College of Engineering in the mid-1980s and later worked together at an engineering company in New Orleans.
  • In August 1997, Audubon was born with the vision of becoming the largest engineering company in New Orleans.
  • Audubon Engineering Company LLC is a portfolio of affiliate companies providing engineering, consulting, construction, fabrication, cybersecurity, and technical field services to the energy, power, infrastructure, and industrial markets.

Electric Power Transmission and Distribution Equipment Market Report 2022: A $381 Billion Market by 2027 - Global Trends, Opportunities and Competitive Analysis - ResearchAndMarkets.com

Retrieved on: 
Monday, August 15, 2022 - 1:35pm

The "Electric Power Transmission and Distribution Equipment Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Electric Power Transmission and Distribution Equipment Market: Trends, Opportunities and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
  • The global electric transmission and distribution equipment market is expected to reach an estimated $381 billion by 2027 with a CAGR of 5.4% from 2021 to 2027.
  • The future of the electric transmission and distribution equipment market looks promising with opportunities in the power utilities, residential, commercial, and industrial sectors.
  • Growth Opportunities: Analysis on growth opportunities in different end use, product type, voltage, and regions for the electric transmission and distribution equipment market.

Stem Applauds Passage of Inflation Reduction Act Pivotal for the U.S. Energy and Renewables Industry

Retrieved on: 
Monday, August 15, 2022 - 1:30pm

At Stem and AlsoEnergy, we view the investments in clean energy within the Inflation Reduction Act (IRA) as transformational for our country, the energy industry, and our company as we continue to accelerate the clean energy transition, said John Carrington, CEO of Stem.

Key Points: 
  • At Stem and AlsoEnergy, we view the investments in clean energy within the Inflation Reduction Act (IRA) as transformational for our country, the energy industry, and our company as we continue to accelerate the clean energy transition, said John Carrington, CEO of Stem.
  • We anticipate that these incentives will increase investment certainty and make adoption more affordable in existing and new energy markets.
  • To help developers, owners, and EPCs plan for IRAs passage, Stems clean energy and policy experts are hosting a webinar, What the Inflation Reduction Act Means for Your Clean Energy Project, on Wednesday, August 17, 2022.
  • NOTICE: This content is preliminary and is provided for informational and planning purposes only regarding the potential passage of the Inflation Reduction Act.

Energy Vault and Jupiter Power Announce Agreement for Battery Energy Storage Projects in Texas and California Totaling 220 MWh

Retrieved on: 
Monday, August 15, 2022 - 1:00pm

Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the Company), a leader in sustainable, grid-scale energy storage solutions, and Jupiter Power (Jupiter), a leading battery energy storage developer and owner/operator of utility-scale battery energy storage projects in the United States, today announced the signing of two contracts whereby Energy Vault will supply equipment, engineering, procurement, construction, balance of plant services and the energy management software for two of Jupiters battery energy storage projects.

Key Points: 
  • Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the Company), a leader in sustainable, grid-scale energy storage solutions, and Jupiter Power (Jupiter), a leading battery energy storage developer and owner/operator of utility-scale battery energy storage projects in the United States, today announced the signing of two contracts whereby Energy Vault will supply equipment, engineering, procurement, construction, balance of plant services and the energy management software for two of Jupiters battery energy storage projects.
  • "With todays inaugural EVS-enabled battery energy storage projects announcement supporting a market leader in storage infrastructure and analytics like Jupiter, we are delivering on our comprehensive energy storage solutions strategy introduced just nine months ago, said Marco Terruzzin, Chief Commercial Officer, Energy Vault.
  • Jupiter is pleased to be working with Energy Vault to expand our existing battery energy storage portfolio with these two new projects, said Michael Geier, Chief Technology Officer of Jupiter Power.
  • Energy Vault develops and deploys sustainable energy storage solutions designed to transform the worlds approach to utility-scale energy storage in realizing decarbonization while maintaining grid resiliency.

Crestwood Announces Leadership Promotions

Retrieved on: 
Monday, August 15, 2022 - 2:00pm

Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood) announced today a series of executive leadership promotions, effective immediately.

Key Points: 
  • Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood) announced today a series of executive leadership promotions, effective immediately.
  • Mr. Black has been with Crestwood since 2014, most recently serving as Senior Vice President, Finance since 2019.
  • Prior to joining Crestwood, Mr. Black held positions at First Reserve and Citi.
  • His leadership, work ethic, financial acumen and strength of character perfectly embodies the culture we have worked so hard to build at Crestwood over the past twelve years.

Archaea Announces Expansion of Commercial Partnership with Énergir via New 20-Year Renewable Natural Gas Agreement

Retrieved on: 
Monday, August 15, 2022 - 1:30pm

Archaea Energy Inc. (Archaea, the Company, or we) (NYSE: LFG), an industry-leading renewable natural gas (RNG) company, today announced that it is expanding its commercial partnership with nergir L.P. (nergir) by entering into a new long-term RNG purchase and sale agreement.

Key Points: 
  • Archaea Energy Inc. (Archaea, the Company, or we) (NYSE: LFG), an industry-leading renewable natural gas (RNG) company, today announced that it is expanding its commercial partnership with nergir L.P. (nergir) by entering into a new long-term RNG purchase and sale agreement.
  • This is the second long-term commercial agreement between Archaea and nergir, the largest natural gas distribution company in Quebec.
  • We are excited to extend and expand our multi-decade partnership with nergir as a result of this second long-term agreement, said Brian McCarthy, Archaeas Co-founder and Chief Financial Officer.
  • Archaeas differentiated commercial strategy is focused on long-term contracts that provide commercial partners a reliable, non-intermittent, sustainable decarbonizing solution to displace fossil fuels.

Sensata Technologies Holding plc Announces Offering of $500 Million of Senior Notes by Sensata Technologies B.V.

Retrieved on: 
Monday, August 15, 2022 - 12:53pm

Sensata Technologies Holding plc (NYSE: ST) (Sensata Technologies) today announced that its indirect wholly owned subsidiary Sensata Technologies B.V. (the Issuer) intends to offer, subject to market and other customary conditions, $500 million in aggregate principal amount of senior notes (the Notes) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the Securities Act).

Key Points: 
  • Sensata Technologies Holding plc (NYSE: ST) (Sensata Technologies) today announced that its indirect wholly owned subsidiary Sensata Technologies B.V. (the Issuer) intends to offer, subject to market and other customary conditions, $500 million in aggregate principal amount of senior notes (the Notes) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the Securities Act).
  • The Notes and the guarantees will be senior to all the Issuers and the guarantors existing and future indebtedness that is expressly subordinated to the Notes and the guarantees.
  • Sensata Technologies intends to use the net proceeds from the offering of the Notes for the redemption of its 4.875% senior notes due 2023.
  • Sensata Technologies is a global industrial technology company striving to create a cleaner, more efficient, electrified and connected world.

Wallbox Announces Upcoming Events for the Investor Community

Retrieved on: 
Monday, August 15, 2022 - 12:05pm

The webcast will be available via the Wallbox investor relations website.

Key Points: 
  • The webcast will be available via the Wallbox investor relations website.
  • Jordi Lainz, CFO will present the companys strategy and opportunities and host meetings with investors at this virtual event.
  • Wallbox goes beyond electric vehicle charging to give users the power to control their consumption, save money, and live more sustainably.
  • Any forward-looking statement that Wallbox makes in this press release speaks only as of the date of such statement.

Statement from Silfab Solar on Passage of Inflation Reduction Act

Retrieved on: 
Saturday, August 13, 2022 - 12:25am

Silfab Solar, North Americas leading provider of high-efficiency and durable PV solar modules, applauds the Biden administration and U.S Congress for enacting the Inflation Reduction Act, along with passage of the Solar Energy Manufacturing in America Act (SEMA).

Key Points: 
  • Silfab Solar, North Americas leading provider of high-efficiency and durable PV solar modules, applauds the Biden administration and U.S Congress for enacting the Inflation Reduction Act, along with passage of the Solar Energy Manufacturing in America Act (SEMA).
  • Silfabs relentless commitment to US manufacturing and the solar industry is reflected in the continued expansion of our two (2) technologically advanced US solar manufacturing facilities.
  • At Silfab, we applaud the passage of the Inflation Reduction Act, SEMA and the efforts by the Biden Administration to further invest in the solar industry, said Silfab Chief Executive Officer Paolo Maccario.
  • The Inflation Reduction Act and SEMA will mean more U.S. solar jobs.