Other Energy

South Korea Grinergy Looks to U.S. to Grow Battery Technology Operations

Retrieved on: 
Friday, January 21, 2022 - 12:52am

Grinergy , a South Korean headquartered lithium-ion rechargeable battery and battery management systems company will be expanding their operations in the U.S.

Key Points: 
  • Grinergy , a South Korean headquartered lithium-ion rechargeable battery and battery management systems company will be expanding their operations in the U.S.
  • Grinergy operates on a global basis with operations in Asia, North America and Europe.
  • View the full release here: https://www.businesswire.com/news/home/20220120006084/en/
    Grinergy Lithium-ion Battery Technology (Photo: Grinergy Corp.)
    Grinergy is dedicated to solving challenges still facing lithium-ion technology such as:
    Using proprietary technology developed by the Grinergy engineering, research, and development team, the company has developed batteries that:
    Are capable of charging at -30 C with minimum capacity and range reduction.
  • Grinergy is a lithium-ion battery technology company headquartered in South Korea which offers multiple solutions to revolutionize the shortcomings of the conventional lithium battery industry.

Metropolitan General Manager Issues Statement on Increased State Water Project Allocation

Retrieved on: 
Thursday, January 20, 2022 - 9:39pm

Adel Hagekhalil, general manager of the Metropolitan Water District of Southern California, issues the following statement on the California Department of Water Resources announcement to increase the State Water Project allocation to 15 percent.

Key Points: 
  • Adel Hagekhalil, general manager of the Metropolitan Water District of Southern California, issues the following statement on the California Department of Water Resources announcement to increase the State Water Project allocation to 15 percent.
  • The snow and rain we received in December provided some much-needed relief to the extremely dry conditions challenging our state.
  • But I must emphasize that a 15 percent allocation is still very low, and our water supplies from the State Water Project remain exceptionally limited.
  • The Metropolitan Water District of Southern California is a state-established cooperative that, along with its 26 cities and retail suppliers, provide water for 19 million people in six counties.

Valero Energy Corporation Declares Regular Cash Dividend on Common Stock

Retrieved on: 
Thursday, January 20, 2022 - 9:10pm

The Board of Directors of Valero Energy Corporation (NYSE: VLO, Valero) has declared a regular quarterly cash dividend on common stock of $0.98 per share.

Key Points: 
  • The Board of Directors of Valero Energy Corporation (NYSE: VLO, Valero) has declared a regular quarterly cash dividend on common stock of $0.98 per share.
  • The dividend is payable on March 3, 2022 to holders of record at the close of business on February 3, 2022.
  • Valero Energy Corporation, through its subsidiaries (collectively, Valero), is an international manufacturer and marketer of transportation fuels and petrochemical products.
  • Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America.

Crestwood Announces Quarterly Distribution and Schedules Fourth Quarter 2021 Earnings Release Date

Retrieved on: 
Thursday, January 20, 2022 - 9:15pm

Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood) announced today that the board of directors of its general partner has declared the partnerships quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended December 31, 2021, which is flat quarter over quarter.

Key Points: 
  • Crestwood Equity Partners LP (NYSE: CEQP) (Crestwood) announced today that the board of directors of its general partner has declared the partnerships quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended December 31, 2021, which is flat quarter over quarter.
  • In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually).
  • All legacy OMP unitholders that remain Crestwood unitholders as of the February 7, 2022 record date will receive Crestwoods $0.625 per limited partner unit distribution attributed to the fourth quarter 2021.
  • Crestwood plans to report financial results for the fourth quarter 2021 and provide full-year 2022 financial guidance on Tuesday, February 22, 2022, before the New York Stock Exchange opens for trading.

TechnipFMC Announces Fourth Quarter 2021 Earnings Release and Conference Call

Retrieved on: 
Thursday, January 20, 2022 - 9:15pm

TechnipFMC (NYSE:FTI) (PARIS:FTI) will issue its fourth quarter 2021 earnings release after the close of the New York Stock Exchange on Wednesday, February 23, 2022.

Key Points: 
  • TechnipFMC (NYSE:FTI) (PARIS:FTI) will issue its fourth quarter 2021 earnings release after the close of the New York Stock Exchange on Wednesday, February 23, 2022.
  • The Company will also host its fourth quarter 2021 earnings conference call on Thursday, February 24, 2022, at 1 p.m. London time (8 a.m. New York time).
  • TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
  • To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Energy Transfer LP Announces Cash Distributions on Series C, D and E Preferred Units

Retrieved on: 
Thursday, January 20, 2022 - 9:10pm

Energy Transfer LP (ET) today announced the quarterly cash distribution of $0.4609375 per Series C Preferred Unit (NYSE: ETprC), the quarterly cash distribution of $0.4765625 per Series D Preferred Unit (NYSE: ETprD), and the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE).

Key Points: 
  • Energy Transfer LP (ET) today announced the quarterly cash distribution of $0.4609375 per Series C Preferred Unit (NYSE: ETprC), the quarterly cash distribution of $0.4765625 per Series D Preferred Unit (NYSE: ETprD), and the quarterly cash distribution of $0.4750000 per Series E Preferred Unit (NYSE: ETprE).
  • These cash distributions will be paid on February 15, 2022 to Series C, Series D and Series E unitholders of record as of the close of business on February 1, 2022.
  • Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in North America, with a strategic footprint in all of the major U.S. production basins.
  • Nominees, and not Energy Transfer LP, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

Energy Transfer Expands Its Alternative Energy Group

Retrieved on: 
Thursday, January 20, 2022 - 8:00pm

Energy Transfer LP (NYSE: ET) today announced it has expanded its Alternative Energy Group with the hiring of energy industry veteran Dilanka Seimon.

Key Points: 
  • Energy Transfer LP (NYSE: ET) today announced it has expanded its Alternative Energy Group with the hiring of energy industry veteran Dilanka Seimon.
  • Seimon, who most recently led BHPs global energy sales and procurement team, joined Energy Transfer earlier this month as vice president, Alternative Energy.
  • Seimon will be responsible for developing alternative energy and carbon capture projects for Energy Transfer along with various ESG initiatives including the development of carbon offset programs that are accretive to the Partnerships operations.
  • Adding Dilankas significant experience in the energy industry and his insights into renewable energy opportunities will help us continue to develop our alternative energy and ESG platforms, said Tom Mason, head of the Alternative Energy Group.

2021 Molecular Spectroscopy Fluorescence & Luminescence Market Snapshot - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 20, 2022 - 5:11pm

The "Molecular Spectroscopy - Fluorescence & Luminescence Market Brief, 2020-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Molecular Spectroscopy - Fluorescence & Luminescence Market Brief, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
  • This Market Brief provides a snapshot of the Fluorescence and Luminescence market, covering spectrofluorometers, lifetime fluorescence, filter fluorometers and luminometers, aftermarket components and consumables.
  • It provides information on the market size in 2020 and growth forecasts over the next five years.
  • This short report is packed with data and analysis of the market segments by product, industry, function, and region.

ComEd Announces $500,000 Now Available to Fund Community Improvement Projects

Retrieved on: 
Thursday, January 20, 2022 - 4:32pm

The three annual grants programs -- Green Region, Powering Safe Communities, and Powering the Arts -- are administered in partnership with Openlands, the Metropolitan Mayors Caucus and the League of Chicago Theatres, respectively.

Key Points: 
  • Municipal agencies and community organizations that operate in the ComEd service territory are encouraged to apply for a total of more than $500,000 in available funding.
  • Qualifying proposals will be eligible for grants of up to $10,000 each, available through three programs to support communities.
  • These grants support open-space projects that focus on planning, acquisition and improvements to local parks, natural areas and recreation resources.
  • This year, grants have a special focus on electrification projects that reduce carbon emissions, improve public health outcomes and advance community resiliency.

Global Instrument Transformers Market (2021 to 2030) - Surge in Investments in Transmission & Distribution Infrastructure Presents Growth Opportunities - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 20, 2022 - 3:22pm

The global instrument transformers market was valued at $7.0 billion in 2020, and is projected to reach $13.0 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.

Key Points: 
  • The global instrument transformers market was valued at $7.0 billion in 2020, and is projected to reach $13.0 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030.
  • Growth in demand for electricity along with rising concerns pertaining to grid stability boost the global market.
  • However, an increase in competition from the unorganized sector of the instrument transformer market is expected to hamper the growth of the instrument transformers market during the forecast period.
  • Furthermore, increasing investments in transmission & distribution infrastructure are expected to provide growth opportunities for the instrument transformers market during the forecast period.