Asian Infrastructure Investment Bank

Radius Global Infrastructure to be Acquired by EQT Active Core Infrastructure and PSP Investments for $15.00 per Share in Cash

Retrieved on: 
Wednesday, March 1, 2023
Technology, Commercial Building & Real Estate, Construction & Property, Telecommunications, PSP, Cravath, Swaine & Moore, Simpson Thacher & Bartlett, Goldman Sachs, LLP, Acquisition, Citigroup, Weil, Gotshal & Manges, Public Sector Pension Investment Board, Senior, Centerbridge Partners, Asian Infrastructure Investment Bank, Partnership, Barclays, Investment, GDP, Growth, Tunnel, EQT, Bank, Financial adviser, Radius

Radius Global Infrastructure, Inc. (NASDAQ: RADI), (“Radius”), EQT and Public Sector Pension Investment Board (“PSP”) announced today that they have entered into a definitive agreement under which EQT Active Core Infrastructure and PSP will indirectly acquire Radius for $15.00 per share in cash, representing a total enterprise value of approximately $3.0 billion.

Key Points: 
  • Radius Global Infrastructure, Inc. (NASDAQ: RADI), (“Radius”), EQT and Public Sector Pension Investment Board (“PSP”) announced today that they have entered into a definitive agreement under which EQT Active Core Infrastructure and PSP will indirectly acquire Radius for $15.00 per share in cash, representing a total enterprise value of approximately $3.0 billion.
  • Radius is a leading global aggregator of real property interests underlying wireless telecommunications cell sites and other digital infrastructure assets.
  • Upon completion of the transaction, Radius will be a privately held company indirectly wholly owned by EQT Active Core Infrastructure and PSP, as well as Radius management.
  • Morgan Stanley & Co. LLC and Simpson Thacher & Bartlett LLP are serving as financial and legal advisors, respectively, to EQT Active Core Infrastructure.

Jacobs Completes Issuance of $500 Million in Sustainability-Linked Bonds

Retrieved on: 
Thursday, February 16, 2023
S&P Global, Prospectus, Analysis, Private sector, Morgan Stanley, Government, Pandemic, Conversation, Asian Infrastructure Investment Bank, Financial condition report, Security (finance), TD, NYSE, Jacobs Solutions, Result, Sale, Culture, Annual report, ESG, BNP Paribas, Sustainability, City, BofA Securities, Heart, Risk, Wells Fargo, Plan, COVID-19, Infrastructure Investment and Jobs Act, Renewable energy, Framework

DALLAS, Feb. 16, 2023 /PRNewswire/ -- Jacobs (NYSE:J) today announced that it closed an inaugural offering of $500 million of senior unsecured notes due 2033 under its newly published Sustainability-Linked Bond Framework. The Framework was developed as a crucial element of Jacobs' PlanBeyond 2.0℠ sustainable business strategy launched in the summer of 2021 and is a key milestone in further incorporating sustainability into the company's financing strategy.

Key Points: 
  • The interest rates payable on the bonds are tied to Jacobs' commitment to increase gender diversity in leadership positions, and to reduce greenhouse gas emissions, each as described in the Framework.
  • Aligned with its purpose to create a more connected, sustainable world, Jacobs' environmental, social and governance (ESG) efforts are core to the company's values and culture and this offering further establishes Jacobs as a sustainability leader.
  • The bonds have been issued by Jacobs Engineering Group Inc. and unconditionally guaranteed by Jacobs.
  • The net proceeds are being used to repay a portion of the amounts outstanding under Jacobs' revolving credit facility.

Statement by SBA Administrator Guzman on President Biden’s State of the Union Address

Retrieved on: 
Wednesday, February 8, 2023
CHIPS, Science, SBA, Human, Union, Asian Infrastructure Investment Bank, Unemployment, Joe Biden, Renewable energy

Washington D.C., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Today, Administrator Isabella Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, issued the following statement following President Joseph R. Biden’s State of the Union address:

Key Points: 
  • Washington D.C., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Today, Administrator Isabella Casillas Guzman , head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, issued the following statement following President Joseph R. Biden’s State of the Union address:
    “In only two years under the Biden-Harris Administration, our country has made remarkable progress toward a stable economy.
  • Thanks to President Biden’s leadership, over 12 million new jobs have been created, inflation is down, and a record-breaking 10.5 million people have applied to start a business.
  • While we have work ahead of us to continue lowering costs for so many still navigating global challenges presented by the pandemic, one thing is clear: the Biden economic plan is working.”
    “Building on the more than $450 billion delivered to small businesses, the SBA will continue to meet the challenges and needs of small businesses wherever they are by tackling barriers to capital and opening doors of opportunities created by historic investments such as the Infrastructure Investment and Jobs Act, Inflation Reduction Act, the CHIPS and Science Act, and other once-in-a-generation legislation to help achieve the President’s goal of building an economy from the bottom up and middle out - our north star since day one.”
    Under the Biden Economic Plan, the country has seen an unprecedented turnaround from the lows of the worldwide pandemic, including the fastest rebound of manufacturing sector growth in 40 years, the lowest rate of unemployment in over 50 years, the fastest decline in gas prices in nearly a decade, and a historic reduction in the deficit.

U.S. Department of Energy encourages Southeast Hydrogen Hub to submit full application for federal funding

Retrieved on: 
Thursday, January 19, 2023
Other Energy, Utilities, Other Natural Resources, Sustainability, Environmental Health, Alternative Energy, Energy, State, Local, Natural Resources, Environment, Other Policy Issues, Public Policy, Government, Hydrogen, Tennessee Valley Authority, Transport, News, Economic development, The Electric Company, Duke Energy, DOE, Dominion Energy, U.S. Department of Defense Strategy for Operating in Cyberspace, Southern Company, Asian Infrastructure Investment Bank, Organization, U.S. Department of Energy, Office of Inspector General, GHG, Oil, Renewable energy

The Southeast Hydrogen Hub coalition today announced it is among the limited number of organizations encouraged by the U.S. Department of Energy (DOE) to submit a full application in response to the $8 billion in funding for regional clean hydrogen hubs under the Infrastructure Investment and Jobs Act.

Key Points: 
  • The Southeast Hydrogen Hub coalition today announced it is among the limited number of organizations encouraged by the U.S. Department of Energy (DOE) to submit a full application in response to the $8 billion in funding for regional clean hydrogen hubs under the Infrastructure Investment and Jobs Act.
  • After submitting an initial concept paper in November, the coalition received the DOE notification of encouragement on December 27, 2022.
  • A hydrogen hub in the Southeastern U.S. is expected to bring robust economic development benefits and jobs to the region.
  • The coalition’s concept paper described how the Southeast Hydrogen Hub will build on existing infrastructure utilizing technologies to advance the production, storage, transport and delivery of hydrogen to transition the energy economy toward a decarbonized future.

Appalachian Regional Clean Hydrogen Hub Encouraged to Submit a Full Application for the Department of Energy’s Hydrogen Hub Funding

Retrieved on: 
Thursday, January 12, 2023
Nuclear, Defense, Other Science, Other Energy, Environment, Research, Utilities, Other Defense, Oil, Gas, Contracts, Coal, Public Policy, Government, Alternative Energy, Energy, Other Natural Resources, Mining, Minerals, Forest Products, Agriculture, Science, Natural Resources, White House, Federal Government, State, Local, Other Policy Issues, Hydrogen, Transport, Natural Resources, Battelle, U.S. Department of Defense Strategy for Operating in Cyberspace, DOE, Appalachian Mountains, Natural gas, Economic development, Consultant, Non-governmental organization, Asian Infrastructure Investment Bank, Federation, United, Booker T. Washington State Park (West Virginia), Carbon, Partnership, FOA, EQT, University, Workforce, National Energy Technology Laboratory, Appalachian Regional Commission, OCED, AST, Private sector, ARC, Renewable energy, Oil, Management

The Appalachian Regional Clean Hydrogen Hub (ARCH2) team has been notified by the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) that it has been encouraged to submit a full application for the regional clean hydrogen hub Funding Opportunity Announcement (FOA) as designated in the bipartisan Infrastructure Investment and Jobs Act.

Key Points: 
  • The Appalachian Regional Clean Hydrogen Hub (ARCH2) team has been notified by the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstrations (OCED) that it has been encouraged to submit a full application for the regional clean hydrogen hub Funding Opportunity Announcement (FOA) as designated in the bipartisan Infrastructure Investment and Jobs Act.
  • Concentrated in Appalachian counties as defined by the Appalachian Regional Commission (ARC) across West Virginia, Ohio, Pennsylvania, and Kentucky, ARCH2 will leverage diverse regional resources to build a sustainable clean hydrogen hub that can scale and integrate into a national clean H2 network.
  • The region is the ideal location for a clean hydrogen hub, due to its unique access to ample low-cost natural gas feedstock, end-user demand, workforce and technology capability, and carbon sequestration potential.
  • “West Virginia continues to have a growing and diverse energy portfolio with natural resources that are vital to a successful hydrogen hub.

ARC Awards $6.3 Million to Bolster Broadband Access Across 50 Communities in Every Appalachian Subregion

Retrieved on: 
Wednesday, January 11, 2023
Senior advisor, White House, ARISE, Digital divide, Government, Family, DEA, Asian Infrastructure Investment Bank, FY, Chairperson, ARC, Renewable energy, Access

“ARC’s first ARISE grant to Connect Humanity has tremendous potential to drive large-scale, regional transformation around broadband access,” said ARC Federal Co-Chair Gayle Manchin.

Key Points: 
  • “ARC’s first ARISE grant to Connect Humanity has tremendous potential to drive large-scale, regional transformation around broadband access,” said ARC Federal Co-Chair Gayle Manchin.
  • “Broadband access is essential for Appalachia to thrive and compete in a global economy; without this support, our most rural communities may be left further behind.
  • This project is another important step to ensuring broadband reaches every American,” said ARC States’ Co-Chair Governor Andy Beshear of Kentucky.
  • ARISE is ARC’s newest initiative to drive large-scale, regional economic transformation through multi-state collaborative projects across Appalachia.

North America Energy Transition Market Report 2023: Global Momentum and Government Support Bolsters Sector - ResearchAndMarkets.com

Retrieved on: 
Monday, January 9, 2023
Environment, Other Energy, Utilities, Chemicals, Plastics, Oil, Gas, Coal, Alternative Energy, Manufacturing, Green Technology, Energy, Hydrogen, Asian Infrastructure Investment Bank, Steam, Renewable fuels, CO2, Waste, Natural gas, EVS, Growth, Sector, SAF, Ethanol, Carbon, Renewable energy

The "North America Energy Transition Market Analysis by Sectors (Power, Electric Mobility, Renewable Fuels, Hydrogen and CCS/CCU) and Trends" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "North America Energy Transition Market Analysis by Sectors (Power, Electric Mobility, Renewable Fuels, Hydrogen and CCS/CCU) and Trends" report has been added to ResearchAndMarkets.com's offering.
  • This report addresses the status of clean energy transition in North America by looking through the lens of several sectors, namely power generation, electric mobility, renewable fuels, carbon capture, and clean hydrogen.
  • The energy transition in North America is gaining steam due to both the global momentum behind the sector and the Biden administration's support.
  • North America is one of the world's most active regions for carbon capture, accounting for 63% of global capacity in 2021.

HONEYWELL IDENTIFIES TOP BUILDING TECHNOLOGY TRENDS FOR 2023

Retrieved on: 
Tuesday, January 10, 2023
City, Broad Sustainable Building, Acceleration, Burns, Carbon footprint, Algorithm, Construction, Distributed generation, Asian Infrastructure Investment Bank, Computer security, CO2, Information technology, Inflation, Disaster, Glossary of HVAC terms, Privacy, Movement, Pressure, Weather, Hospital, Building, Carbon, Internet, Community, Vii, Renewable energy, Medical device, Risk management, Honeywell

ATLANTA, Jan. 10, 2023 /PRNewswire/ -- Honeywell (NASDAQ: HON) today released its predictions for emerging trends that will help shape building operations and technologies in 2023 and beyond.

Key Points: 
  • ATLANTA, Jan. 10, 2023 /PRNewswire/ -- Honeywell (NASDAQ: HON) today released its predictions for emerging trends that will help shape building operations and technologies in 2023 and beyond.
  • As the Internet of Things continues to merge operational technology (OT) and information technology (IT) systems – and cyberattacks increase in frequency as well as sophistication iii – advanced AI/ML-enabled cybersecurity will become foundational to the design of digitalized building technology systems.
  • A greater focus on sustainability and cybersecurity will help shape building operations in 2023.
  • These trends collectively embody a common theme: Technology is rapidly becoming integral to every facet of building operations.

MMEX Resources Corp. and Trans Permian H2Hub, LLC Given Green Light by The US Department of Energy in Application Stage for Green Energy Regional Hydrogen Hub

Retrieved on: 
Monday, January 2, 2023
Permian, Hydrogen, Government, Economic development, Wind, Use of Free and Open-Source Software (FOSS) in the U.S. Department of Defense, U.S. Department of Energy, Office of Inspector General, DOE, Presidio, 2017 Texas–Permian Basin Falcons football team, Asian Infrastructure Investment Bank, Water resources, Ammonia, Funding opportunity announcement, CO2, Methanol, Natural gas, City, BIL, Curriculum, FOA, Rail transport by country, Joe Biden, Oil, Alpine

Jack W. Hanks, President and CEO of MMEX Resources Corp and sponsor of the Trans Permian H2Hub said,  “ Trans Permian H2Hub filed on November 5, 2022 ,  announcing its formation and the filing of its Concept Paper for the regional hub Trans Permian H2Hub, LLC and to apply for DOE funding.

Key Points: 
  • Jack W. Hanks, President and CEO of MMEX Resources Corp and sponsor of the Trans Permian H2Hub said,  “ Trans Permian H2Hub filed on November 5, 2022 ,  announcing its formation and the filing of its Concept Paper for the regional hub Trans Permian H2Hub, LLC and to apply for DOE funding.
  • On December 27, 2022, we received the decision by the DOE to proceed to the formal application stage in April 2023.
  • The plan also includes community benefits programs including environmental justice that check the core elements set out in the FOA.
  • The H2Hub also encompasses several university, college, and trade school campuses to implement hydrogen attributes curriculum or job training.

First Quarter Fiscal 2023 Preliminary Results and Announcement of Earnings Date

Retrieved on: 
Monday, December 19, 2022
Steel, Manufacturing, Income tax, Calendar, Schnitzer Steel, Asian Infrastructure Investment Bank, International use of the U.S. dollar, Senior, SSI, Schnitzer, Metal, Carbon, Inflation, Capital expenditure, Acquisition, EBITDA, Insurance, Recycling, Western Canada

Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today announced preliminary results for its fiscal 2023 first quarter ended November 30, 2022.

Key Points: 
  • Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today announced preliminary results for its fiscal 2023 first quarter ended November 30, 2022.
  • The preliminary information provided above is based on the Company’s current estimates of its financial results for the quarter ended November 30, 2022 and remains subject to change based on final review of the Company’s first quarter financial results.
  • The Company will report financial results for its fiscal 2023 first quarter ended November 30, 2022 on Thursday, January 5, 2023.
  • The Company will host a webcast conference call to discuss the results at 11:30 a.m. Eastern Time on the same day.