O&M

Jacobs Secures Water and Wastewater Utilities Renewal Contract in New Mexico

Retrieved on: 
Thursday, November 16, 2023
O&M, NYSE, Climate change, Safety, Water Environment Federation, Utility, City, Carbon footprint, Security (finance), Annual report, GDI Integrated Facility Services, Collection, Operational maintenance, Government, Risk, Multimedia, Private sector, River, Water supply, Drinking water, Aqua, Rocky Mountains, COVID-19, Digital, Conversation, Analysis, Future, Pure, Management, Water, Thames Tideway Scheme, Financial condition report, Central Interceptor, Result, Environment, Colorado Plateau, Sewage treatment, DALLAS, Maintenance

DALLAS, Nov. 16, 2023 /PRNewswire/ -- Jacobs (NYSE:J) was awarded a five-year contract renewal for operations and maintenance (O&M) of the City of Farmington, New Mexico's, wastewater and surface water treatment plants and wastewater collection and drinking water distribution systems.

Key Points: 
  • The new contract incorporates Aqua DNA , a Digital OneWater solution from Jacobs' suite of products that assists water utilities in their response to climate change, tightening regulations, workforce shortages and operational performance.
  • The five-year contract commences January 1, 2024, with an initial contract value of $9 million per year.
  • Ranked as No.1 in Wastewater Treatment by Engineering News-Record, Jacobs provides solutions that conserve water, while optimizing utility operations through reduced energy consumption and carbon footprint.
  • Jacobs has supported projects like the Thames Tideway Tunnel , the largest water infrastructure project ever undertaken in the U.K., Central Interceptor , New Zealand's largest-ever wastewater project, Singapore's Tuas Water Reclamation Plant and the Pure Water Project in California.

"Toilet Loss" in schools costs US$1.9 billion, finds new four-country study from Economist Impact

Retrieved on: 
Thursday, November 16, 2023
Sustainable development, O&M, Housekeeping, Research, Unilever, Learning, Private sector, Sanitation, Infection, SDG, Domestos, Diarrhea, World Toilet Day, School, Hygiene, Education, Non-governmental organization, Tissue paper, Tourism, Sewage treatment, Policy

 LONDON, Nov. 16, 2023 /PRNewswire/ -- Nearly 540 million children globally go to a school with no usable toilet, affecting them physically and emotionally during crucial education years. New research from Economist Impact reveals that almost half of these children are affected by 'toilet loss' - toilets have been built in their school, but they have been lost and are not usable due to lack of operation and maintenance (O&M). This hidden worldwide problem puts school infrastructure maintenance sharply in focus.

Key Points: 
  • Economist Impact's year-long study supported by Unilever across Ecuador, India, Nigeria and the Philippines found that poor maintenance led to 1.2m 'lost' school toilets; that's toilets that have been built but are no longer usable.
  • This equates to a combined infrastructure loss of US$1.9bn and a societal and economic cost amounting to US$10bn.
  • The world needs 20m additional toilets to reach the 2030 Sustainable Development Goal of universal sanitation in schools.
  • Economist Impact analysis shows that eight million of those are currently 'lost' because they were built with no plan to maintain them.

Sungrow to Supply its SG5RT Residential Inverters to the Largest Residential PV Project in Egypt

Retrieved on: 
Wednesday, November 15, 2023
EME, Carbon, O&M, Heart, ACO, Sungrow Huainan Solar Farm, Tree, Electricity, MENA, Kilowatt-hour, EPC, Renewable energy

Egypt is one of the pioneers in the energy transition in the Middle East and North African (MENA) region.

Key Points: 
  • Egypt is one of the pioneers in the energy transition in the Middle East and North African (MENA) region.
  • It is actively converting its economy from relying on fossil fuels to one reliant on renewable energy.
  • Further, Egypt plans to grow its renewable energy share in power supply to 42% by 2035.
  • "Sungrow is honored to join forces with our channel partner, Arab Consulting Office (ACO) and the EPC company, Electro-Mechanical for Energy (EME) for this pioneering project.

ELEMENT ENERGY CLOSES $111 MILLION CAPITAL RAISE FROM STRATEGIC INVESTORS

Retrieved on: 
Wednesday, November 15, 2023
Economics, O&M, Safety, NYSE, Business development, Life, Entrepreneurship, Eastern European Group, EVS, MHI, IRA, Edison International, Uncertainty, Venture round, Series, Inflation, Far Eastern Group, UL, Software, Software as a service, Certification, MOU, Key frame, Renewable energy, Electric battery, Element

MENLO PARK, Calif., Nov. 14, 2023 /PRNewswire/ -- Element Energy ("Element"), a Menlo Park-based Battery Management Technology company, today announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. ("Keyframe"). 

Key Points: 
  • MENLO PARK, Calif., Nov. 14, 2023 /PRNewswire/ -- Element Energy ("Element"), a Menlo Park-based Battery Management Technology company, today announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. ("Keyframe").
  • Dr. Tony Stratakos, CEO and Co-Founder, Element Energy, said, "We founded Element with the mission to speed the adoption of clean energy with technology honed in the semiconductor industry.
  • "MHI is committed to the energy transition, and energy storage systems are an important piece of the energy transition equation.
  • Mark Norman, Managing Partner of FM Capital, said, "FM Capital has been impressed by the team at Element since our first meeting.

Talen Energy Reports Third Quarter Results, Narrows 2023 Guidance and Establishes 2024 Guidance

Retrieved on: 
Tuesday, November 14, 2023
Webcast, O&M, Share repurchase, PJM, ERCOT, G&A, Hand, EST, CST, Talen

The range for 2024 Adjusted EBITDA is $600 to $800 million, and the range for Adjusted Free Cash Flow is $150 to $300 million.

Key Points: 
  • The range for 2024 Adjusted EBITDA is $600 to $800 million, and the range for Adjusted Free Cash Flow is $150 to $300 million.
  • A substantial portion of these actions will be executed in the fourth quarter of 2023.
  • Using the guidance ranges above, Talen's estimated 2023 and 2024 net leverage ratios are both less than 3.5x.
  • As of September 30, 2023, Talen had hedged approximately 71% of its expected generation volumes in the fourth quarter of 2023 and approximately 63% in 2024.

EQS-News: Photon Energy Signs O&M Contract for 100 MWp Rutki and Góra PV Power Plants

Retrieved on: 
Thursday, December 14, 2023
Photon, Nominal power (photovoltaic), OX2, Acceleration, Czech Republic, WSE, Growth, Plant, PV, CEE, FSX, O&M, Photon energy, Renewable energy, Rutki

Photon Energy has signed a full operations and maintenance (O&M) contract for 100.19 MWp installed PV generation capacity with OX2 Construction AB (‘OX2’), one of Europe’s leading developers of renewable energy sources, headquartered in Sweden.

Key Points: 
  • Photon Energy has signed a full operations and maintenance (O&M) contract for 100.19 MWp installed PV generation capacity with OX2 Construction AB (‘OX2’), one of Europe’s leading developers of renewable energy sources, headquartered in Sweden.
  • The Company has concluded O&M service contracts for a combined 267.5 MWp of PV assets in the Polish market.
  • Amsterdam/Warsaw – 30 November 2023 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’ or the ‘Company’) announces that its Polish solar O&M services subsidiary Photon Energy Operations PL Sp.
  • We are committed to ensuring that the Rutki and Góra power plants will have industry-leading uptime and performance,’ said Georg Hotar, CEO of Photon Energy Group.

Montrose Environmental Group Announces Strong Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
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Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the third quarter ended September 30, 2023.

Key Points: 
  • Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the third quarter ended September 30, 2023.
  • Montrose Chief Executive Officer and Director, Vijay Manthripragada, commented, “We are proud to report another quarter of exceptional results.
  • Total revenue in the third quarter of 2023 was $167.9 million compared to $130.3 million in the prior year quarter, an increase of 28.9%.
  • The Company will host a webcast and conference call on Wednesday, November 8, 2023 at 8:30 a.m. Eastern time to discuss third quarter financial results.

EQS-News: Greencells GmbH doubles consolidated EBIT to EUR 5.6 million in the first half of 2023; full-year forecast expected to be exceeded

Retrieved on: 
Tuesday, November 7, 2023
Sale, United Kingdom, Gesellschaft mit beschränkter Haftung, O&M, EBIT, Environment, Growth, EUR, EPC, Beauty salon, Lithium, Renewable energy, European, Greencells Group

Greencells GmbH doubles consolidated EBIT to EUR 5.6 million in the first half of 2023; full-year forecast expected to be exceeded

Key Points: 
  • Greencells GmbH doubles consolidated EBIT to EUR 5.6 million in the first half of 2023; full-year forecast expected to be exceeded
    The issuer is solely responsible for the content of this announcement.
  • Although consolidated sales decreased from EUR 102.0 million to EUR 78.9 million due to project-related factors, gross profit improved in parallel – also due to project-related factors – from EUR 7.6 million to EUR 10.3 million.
  • At EUR 5.6 million, Greencells doubled the previous year’s figure of EUR 2.8 million.
  • Consolidated earnings after tax more than tripled compared to the same period of the previous year, from EUR 0.9 million to EUR 3.4 million.

Array Technologies Introduces Integrated Field Services and Customer Training Offerings to US Customers

Retrieved on: 
Friday, November 3, 2023
ATI Technologies, Catalog, American Board of Commissioners for Foreign Missions, Workforce, O&M, Field service management, Maintenance, Customer, Engineering, Software, EPC, NABCEP, Renewable energy, Management, Array

ALBUQUERQUE, N.M., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, is thrilled to announce the launch of its comprehensive Field Services and Customer Training solutions.

Key Points: 
  • ALBUQUERQUE, N.M., Nov. 03, 2023 (GLOBE NEWSWIRE) -- Array Technologies (NASDAQ: ARRY) (“Array” or “the Company”), a global leader in utility-scale solar tracking solutions, is thrilled to announce the launch of its comprehensive Field Services and Customer Training solutions.
  • Designed to meet the ever-evolving demands of the solar industry, these offerings tackle key challenges facing the industry to help reduce operational downtime and increase productivity and quality in the field.
  • “Our new services and training offerings embody Array's unwavering commitment to equip our clients with the skills and solutions they need for optimal solar farm operation,” said Kevin Hostetler, CEO of Array.
  • To help introduce these offerings, Array expanded its customer and product support teams over the last year, including hiring a director of training and development.

Strata Clean Energy Secures a $300 Million Revolving Credit Facility to Support Expansion of Vertically Integrated Clean Energy Platform

Retrieved on: 
Monday, November 6, 2023
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Strata Clean Energy (“Strata” or the “Company”) announced the closing of a $300 million new revolving loan and letter of credit facility to expand Strata’s operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.

Key Points: 
  • Strata Clean Energy (“Strata” or the “Company”) announced the closing of a $300 million new revolving loan and letter of credit facility to expand Strata’s operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.
  • Notably, this loan adheres to a Green Financing Framework in accordance with the 2023 Loan Syndications and Trading Association (“LSTA”) Green Loan Principles, demonstrating Strata’s steadfast commitment to environmental responsibility.
  • The proceeds of the loan will support the development, construction, and operation of Strata’s upcoming renewable energy, energy storage, and Power to X projects.
  • "This facility strengthens Strata’s liquidity position and enables us to drive forward with groundbreaking and economically viable renewable initiatives in markets nationwide,” said Alice Heathcote, CFO of Strata Clean Energy.