Hartree

Hartree Partners (UK) Ltd. Acquires a 50% Share in Biomethane Expert Botres Holding GmbH

Retrieved on: 
Thursday, March 7, 2024
Environment, Finance, Other Energy, Professional Services, Sustainability, Alternative Energy, Green Technology, Energy, Agriculture, Natural Resources, Acquisition, LP, Renewable Energy Directive 2018, Partnership, Growth, Plant, RED, Oaktree Capital Management, Partner, Metal, Digestion, Hartree, Executive officer, Manure, Waste management, Sewage treatment

Hartree Partners (UK) Limited (“Hartree”), a wholly owned subsidiary of Hartree Partners LP, which is co-owned by its partners and funds managed by Oaktree Capital Management, announced that it has signed an acquisition agreement for a 50% share in Botres Holding GmbH and its subsidiaries (“Botres”).

Key Points: 
  • Hartree Partners (UK) Limited (“Hartree”), a wholly owned subsidiary of Hartree Partners LP, which is co-owned by its partners and funds managed by Oaktree Capital Management, announced that it has signed an acquisition agreement for a 50% share in Botres Holding GmbH and its subsidiaries (“Botres”).
  • Botres is led by its founders Dr. Stefan Kromus and Dr. Markus Grasmug, who serve as Managing Directors.
  • Jointly, Dr. Kromus and Dr. Grasmug have over 40 years of experience in the design, development, construction, and operation of waste focused biomethane plants.
  • Hartree is partnering with Botres to develop a European biomethane production business with a focus on Renewable Energy Directive (RED) compliant feedstocks, which will operate under the Botres brand.

IBM Advances Geospatial AI to Address Climate Challenges

Retrieved on: 
Thursday, November 30, 2023
Dark, Climate Leadership Council, Climate change, GUS, Engineering, Science, IBM, Map, Royal HaskoningDHV, United Nations, Organization, Hartree, Climate, IBM Fellow, Government, River, Health, Memorandum of understanding, STFC, Forecasting, Discovery, Environment, Hartree Centre, MBZUAI, Risk, Artificial intelligence, Diplomatic rank, Weather, Royal, Water resources, Partnership, Water, Carbon, Research, NYSE, Wildfire, Policy, COP28, MBS, NASA, Private sector, Intelligence, City, Tree, Aviation, GHG, Forestry, Typesetting, Risk management, Online shopping, Renewable energy, Medical device, Agriculture, AI

YORKTOWN HEIGHTS, N.Y., Nov. 30, 2023 /PRNewswire/ -- IBM (NYSE: IBM) today announced new efforts that apply its geospatial AI technologies, including IBM's geospatial foundation model developed in collaboration with NASA, to climate efforts including analysis of urban heat islands in the United Arab Emirates (UAE); reforestation across Kenya; and climate resiliency in the United Kingdom (UK).

Key Points: 
  • -IBM and NASA to create new AI foundation model for weather and climate.
  • YORKTOWN HEIGHTS, N.Y., Nov. 30, 2023 /PRNewswire/ -- IBM (NYSE: IBM ) today announced new efforts that apply its geospatial AI technologies, including IBM's geospatial foundation model developed in collaboration with NASA, to climate efforts including analysis of urban heat islands in the United Arab Emirates (UAE); reforestation across Kenya; and climate resiliency in the United Kingdom (UK).
  • "Climate change is a real and pressing issue that we must find new ways to address as quickly and efficiently as possible, including through today's most advanced AI technologies," said Alessandro Curioni, IBM Fellow and Vice President, Accelerated Discovery at IBM.
  • In 2021, IBM and the Science and Technology Facilities Council's (STFC) Hartree Centre collaborated to explore the application of next-generation technologies including AI from IBM to address climate risk and resiliency across the UK.

IBM Advances Geospatial AI to Address Climate Challenges

Retrieved on: 
Thursday, November 30, 2023
Dark, Climate Leadership Council, Climate change, GUS, Engineering, Science, IBM, Map, Royal HaskoningDHV, United Nations, Organization, Hartree, Climate, IBM Fellow, Government, River, Health, Memorandum of understanding, STFC, Forecasting, Discovery, Environment, Hartree Centre, MBZUAI, Risk, Artificial intelligence, Diplomatic rank, Weather, Royal, Water resources, Partnership, Water, Carbon, Research, NYSE, Wildfire, Policy, COP28, MBS, NASA, Private sector, Intelligence, City, Tree, Aviation, GHG, Forestry, Typesetting, Risk management, Online shopping, Renewable energy, Medical device, Agriculture, AI

YORKTOWN HEIGHTS, N.Y., Nov. 30, 2023 /PRNewswire/ -- IBM (NYSE: IBM) today announced new efforts that apply its geospatial AI technologies, including IBM's geospatial foundation model developed in collaboration with NASA, to climate efforts including analysis of urban heat islands in the United Arab Emirates (UAE); reforestation across Kenya; and climate resiliency in the United Kingdom (UK).

Key Points: 
  • -IBM and NASA to create new AI foundation model for weather and climate.
  • YORKTOWN HEIGHTS, N.Y., Nov. 30, 2023 /PRNewswire/ -- IBM (NYSE: IBM ) today announced new efforts that apply its geospatial AI technologies, including IBM's geospatial foundation model developed in collaboration with NASA, to climate efforts including analysis of urban heat islands in the United Arab Emirates (UAE); reforestation across Kenya; and climate resiliency in the United Kingdom (UK).
  • "Climate change is a real and pressing issue that we must find new ways to address as quickly and efficiently as possible, including through today's most advanced AI technologies," said Alessandro Curioni, IBM Fellow and Vice President, Accelerated Discovery at IBM.
  • In 2021, IBM and the Science and Technology Facilities Council's (STFC) Hartree Centre collaborated to explore the application of next-generation technologies including AI from IBM to address climate risk and resiliency across the UK.

PsiQuantum and Hartree Centre Announce Partnership to Develop Fault-Tolerant Quantum Computing Applications in the UK

Retrieved on: 
Thursday, October 5, 2023
Data Management, Technology, Software, Research, Artificial Intelligence, Science, Hardware, MP, Algorithm, Partnership, Multimedia, Liverpool City Region, Quantum optics, Daresbury Laboratory, US, Imperial College London, Hartree Centre, Government, Innovation, Hartree, Running, State, Quantum, Artificial intelligence, Health, McKinsey & Company, Daresbury, UKRI, STFC, UK National Quantum Technologies Programme, Computer, DSIT, Invention, Cryptocurrency, Management, Construction, Microscope

The centre helps provide UK industry and academia with access to advanced high-performance computing technologies, expertise and training with the aim of boosting UK economic growth.

Key Points: 
  • The centre helps provide UK industry and academia with access to advanced high-performance computing technologies, expertise and training with the aim of boosting UK economic growth.
  • Together, our work over the next 12 months will help to meaningfully advance understanding of Fault-Tolerant Quantum Computing applications across both government and industry in the UK.
  • “By bringing together the experience and capabilities of both the Hartree Centre and PsiQuantum, we are developing a capability in quantum technologies that will ensure the UK remains at the forefront of this field.
  • This is an exciting stepping-stone towards building a significant and resilient quantum computing ecosystem for the North West.”

Delfin Signs LNG Sale and Purchase Agreement with Hartree

Retrieved on: 
Monday, April 24, 2023
Liquefied natural gas, FLNG, Citigroup, FID, Henry Hub, SPA, LP, Natural gas, Limited, LNG, Hartree

HOUSTON, April 24, 2023 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (“Delfin”) announced today that its wholly owned subsidiary Delfin LNG LLC (“Delfin LNG”) has finalized a binding Liquified Natural Gas (“LNG”) Sale and Purchase Agreement (“SPA”) with Hartree Partners Power & Gas Company (UK) Limited (“Hartree”), a wholly owned subsidiary of Hartree Partners, LP.

Key Points: 
  • HOUSTON, April 24, 2023 (GLOBE NEWSWIRE) -- Delfin Midstream Inc. (“Delfin”) announced today that its wholly owned subsidiary Delfin LNG LLC (“Delfin LNG”) has finalized a binding Liquified Natural Gas (“LNG”) Sale and Purchase Agreement (“SPA”) with Hartree Partners Power & Gas Company (UK) Limited (“Hartree”), a wholly owned subsidiary of Hartree Partners, LP.
  • Under the SPA, Delfin LNG will supply 0.6 million tonnes per annum (“MTPA”) on a free on-board (“FOB”) basis at the Delfin Deepwater Port, 40 nautical miles off the coast of Louisiana, to Hartree for a 20-year period.
  • “We are excited about partnering with Delfin LNG and to strengthen their progress toward reaching Final Investment Decision and look forward to a successful and collaborative long-term relationship,” Stephen Hendel, one of Hartree Partners’ Founding Managing Directors said.
  • Delfin has now secured commitments for 3.1 MTPA of LNG sales which is sufficient to make Final Investment Decision (“FID”) on the first Floating LNG (“FLNG”) vessel for the Delfin Deepwater Port LNG Export Facility.

HGP Storage Announces Structured Acquisition for Energy Storage Portfolio in Texas Facilitated by LevelTen Energy's Asset Marketplace

Retrieved on: 
Thursday, April 13, 2023
Constellation, Partnership, Procurement, Constellation Energy, History, Sale, HGP, Hartree, Growth, Software, Cryptocurrency, DALLAS, ERCOT

DALLAS, April 13, 2023 /PRNewswire-PRWeb/ -- HGP Storage LLC ("HGP"), a leading developer of stand-alone energy storage, is pleased to announce the structured sale of a portfolio of distributed battery energy storage projects to a leading independent North American renewable energy investor. The storage portfolio is in ERCOT with anticipated commercial operation dates in 2023 and 2024.

Key Points: 
  • DALLAS, April 13, 2023 /PRNewswire-PRWeb/ -- HGP Storage LLC ("HGP"), a leading developer of stand-alone energy storage, is pleased to announce the structured sale of a portfolio of distributed battery energy storage projects to a leading independent North American renewable energy investor.
  • LevelTen launched its Asset Marketplace in 2021, and since then more than 250 clean energy project developers have participated in over 90 asset processes.
  • "As the energy storage market has matured, LevelTen has been important in matching long-term, operating capital to construction-ready developers.
  • LevelTen is excited to have assisted HGP with our Asset Marketplace," said Patrick Worrall, Vice President of Asset Marketplace, LevelTen Energy.

Sprague Resources LP Announces Closing of Merger with Hartree Affiliate and Delisting of Its Common Units

Retrieved on: 
Tuesday, November 1, 2022
Metal, Agreement, Partnership, GLOBE, NYSE, Transport, Sale, Hartree, Oaktree Capital Management, Carbon, Natural gas, Plan, Propane

The closing of the transaction takes the Partnership from a publicly traded company to a private company solely owned by Hartree, and the Partnerships common units will no longer be listed on the NYSE.

Key Points: 
  • The closing of the transaction takes the Partnership from a publicly traded company to a private company solely owned by Hartree, and the Partnerships common units will no longer be listed on the NYSE.
  • Sprague Resources LP is a master limited partnership engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.
  • Hartree is a well-established global merchant commodities firm concentrating in energy and its associated industries.
  • Hartree is jointly owned by its senior management and certain funds managed byOaktree Capital Management, L.P.

Sprague Resources LP Announces Amendment to Merger Agreement with Hartree Partners and New Anticipated Closing Timing

Retrieved on: 
Wednesday, August 31, 2022
Securities Exchange Act of 1934, NYSE, Calendar, Speaker of the House of Commons (United Kingdom), Sale, Sprague, SEC, U.S. Securities and Exchange Commission, Goal, Amendment, Mergers and acquisitions, GLOBE, Tripura Merger Agreement, Natural gas, Annual report, Security (finance), Partnership, Hartree

PORTSMOUTH, N.H., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (the Partnership) (NYSE: SRLP) today announced that it has entered into an amendment (the Amendment) to the agreement and plan of merger (the Merger Agreement) with an affiliate of Hartree Partners, LP (Hartree), pursuant to which Hartree will acquire all of the outstanding common units of the Partnership (the Common Units) not already owned by Hartree and its affiliates (the Merger).

Key Points: 
  • PORTSMOUTH, N.H., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (the Partnership) (NYSE: SRLP) today announced that it has entered into an amendment (the Amendment) to the agreement and plan of merger (the Merger Agreement) with an affiliate of Hartree Partners, LP (Hartree), pursuant to which Hartree will acquire all of the outstanding common units of the Partnership (the Common Units) not already owned by Hartree and its affiliates (the Merger).
  • Following execution of the Amendment, the Partnership expects that the Merger will close in the fourth quarter of 2022.
  • Sprague Resources LP is a master limited partnership engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas.
  • Sprague undertakes no obligation and does not intend to update any forward-looking statements to reflect new information or future events.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Turning Point Therapeutics, Inc. (Nasdaq - TPTX), UB Bancorp (OTC - UBNC), Sprague Resources LP (NYSE - SRLP), Gesher I Acquisition Corp. (Nasdaq - GIAC)

Retrieved on: 
Monday, June 6, 2022
Turning Point, Company, UB, Ownership, BMY, Brodsky, F.N.B. Corporation, GLOBE, Hartree, Bristol Myers Squibb, NYSE, Acquisition, FNB, Security (finance), Insurance

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Turning Point will be acquired by Bristol-Myers Squibb Company (NYSE - BMY).
  • Turning Point shareholders will receive $76.00 in cash for each share of Turning Point they own.
  • UB Bancorp shareholders will receive $19.56 in cash for each share of UB Bancorp they own.

Sprague Resources Announces Agreement to be Acquired by Hartree Partners

Retrieved on: 
Thursday, June 2, 2022
Speaker of the House of Commons (United Kingdom), Annual report, Partnership, Securities Exchange Act of 1934, Latham & Watkins, Conflict, Agreement, GP, Natural gas, Sale, GLOBE, Hartree, Private Securities Litigation Reform Act, Review, NYSE, Risk, SEC, Phrase, Jefferies Group, Securities Act of 1933, Board, Atlas Shrugged: Part I, Carbon, Vinson & Elkins, Person, Security (finance), Pharmaceutical industry, LP

PORTSMOUTH, N.H., June 02, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) today announced that it has entered into a definitive agreement and plan of merger (the Agreement) pursuant to which an affiliate of Hartree Partners, LP (Hartree) will acquire all of the outstanding common units of Sprague not already owned by Hartree and its affiliates (the Common Units).

Key Points: 
  • PORTSMOUTH, N.H., June 02, 2022 (GLOBE NEWSWIRE) -- Sprague Resources LP (Sprague) (NYSE: SRLP) today announced that it has entered into a definitive agreement and plan of merger (the Agreement) pursuant to which an affiliate of Hartree Partners, LP (Hartree) will acquire all of the outstanding common units of Sprague not already owned by Hartree and its affiliates (the Common Units).
  • The Agreement follows the offer made by Hartree on January 11, 2022 to acquire the Common Units.
  • The Sprague Conflicts Committee, after evaluating the transaction with its legal counsel and independent financial advisor, unanimously approved the Agreement and determined it to be in the best interests of Sprague and Spragues unitholders unaffiliated with Hartree.
  • An affiliate of Hartree owns approximately 74.5% of the outstanding common units, and immediately following the execution of the Agreement, that affiliate of Hartree delivered to Sprague a written consent approving the transaction.