OPAL

OPAL Fuels Announces Exchange of High-Voting Stock for Low-Voting Stock by Controlling Stockholder

Retrieved on: 
Tuesday, March 12, 2024
Environment, Alternative Vehicles, Fuels, Trucking, Automotive, Transport, Oil, Gas, Alternative Energy, Green Technology, Energy, OPAL, Carbon, Electricity, Natural gas, Class, RNG, Security (finance)

OPAL Fuels Inc. (the “Company”) (Nasdaq: OPAL), a vertically integrated leader in the capture and conversion of biomethane into low carbon intensity renewable electricity and renewable natural gas (RNG), announced that its ultimate controlling shareholder, Fortistar LLC (“Fortistar”), has exchanged 71.5 million shares of Class D common stock of the Company held by it, each of which is entitled to five votes per share on all matters on which stockholders generally are entitled to vote, for an equal number of shares of newly issued Class B common stock of the Company, each of which is entitled to one vote on such matters.

Key Points: 
  • OPAL Fuels Inc. (the “Company”) (Nasdaq: OPAL), a vertically integrated leader in the capture and conversion of biomethane into low carbon intensity renewable electricity and renewable natural gas (RNG), announced that its ultimate controlling shareholder, Fortistar LLC (“Fortistar”), has exchanged 71.5 million shares of Class D common stock of the Company held by it, each of which is entitled to five votes per share on all matters on which stockholders generally are entitled to vote, for an equal number of shares of newly issued Class B common stock of the Company, each of which is entitled to one vote on such matters.
  • This transaction has no effect on the economic interest in the Company held by Fortistar.
  • “With Fortistar reducing a significant portion of its voting control, the Company anticipates that its publicly traded Class A common stock will become eligible for inclusion in certain stock market indices, on which many broad-based mutual funds and exchange-trade index funds are based,” said Mark Comora, the Company’s Chairman.
  • Note that the Company cannot ensure that the Company’s Class A common stock will be included in any stock market indices as a result of this exchange, which is out of the Company’s control, or that, if its stock is included, that it will have any effect on the price per share of the Company’s Class A common stock.

Observe Announces $115 Million In Series B Financing

Retrieved on: 
Wednesday, March 27, 2024
Organization, Software as a service, Growth, ARR, Walking, Environment, Capital One, TCV, Venture round, Telemetry, Architecture, APM, OPAL, Series, NRR, Sutter Hill Ventures, Snowflake

SAN MATEO, Calif., March 27, 2024 /PRNewswire/ -- Observe, Inc. the SaaS observability company reinventing the way machine-generated data is stored, managed and analyzed, today announced the Company has closed a Series B funding round of $115 million led by Sutter Hill Ventures with participation from existing investors Capital One Ventures and Madrona and new investor Snowflake Ventures.

Key Points: 
  • The Series B funding, raised at a valuation 10x higher than the company's Series A round four years ago, promises to further accelerate Observe's growth.
  • Observe's headcount increased more than 50% and the company is scaling its sales organization as many tech companies pull back.
  • "Legacy monitoring and APM players, shackled by outdated architectures, are dead companies walking," said Jeremy Burton, CEO at Observe.
  • "We believe Observe is the future of Observability and we're incredibly excited to lead the Series B round," said Mike Speiser, Managing Director at Sutter Hill Ventures.

OPAL Fuels Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

Retrieved on: 
Wednesday, February 28, 2024
Trucking, Other Energy, Transport, Utilities, Oil, Gas, Alternative Energy, Energy, Agriculture, Natural Resources, Natural gas, Electricity, OPAL, Carbon, RNG

OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated leader in the capture and conversion of biomethane into low carbon intensity renewable electricity and renewable natural gas (RNG), announced that it will release its earnings results for the fourth quarter and full year ended December 31, 2023, after market close on Wednesday, March 13, 2024.

Key Points: 
  • OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated leader in the capture and conversion of biomethane into low carbon intensity renewable electricity and renewable natural gas (RNG), announced that it will release its earnings results for the fourth quarter and full year ended December 31, 2023, after market close on Wednesday, March 13, 2024.
  • A conference call will take place on Thursday, March 14, 2024 at 11:00 a.m. Eastern Time.

Built Environment Firms Support National Definition of Zero-Emissions Buildings

Retrieved on: 
Wednesday, January 10, 2024
OPAL, Architecture, SOM, Miller Hull, LMN, Administration, Thet, Comment, Environment, Carbon accounting, Engineering, Certification

BELFAST, Maine, Jan. 10, 2024 /PRNewswire/ -- The signatories (below) include instigating firm OPAL and represent architecture, engineering, and general contracting firms in the United States that design and construct many millions of square feet of projects annually. Their statement:

Key Points: 
  • A coalition of 69 companies representing billions in annual real estate spending assert their support for the White House definition.
  • Their statement:
    We enthusiastically support the Biden-Harris Administration's recent release of a national definition of zero-emissions buildings , and an associated US Department of Energy Request for Information (calling for comment by 5 February).
  • A consistent definition will allow the industry to coalesce around one vision for a zero-emissions built environment, enabling more consistent policies, incentives, certification targets and aspirational project goals that will accelerate the essential shift to clean energy.
  • A uniform definition, verifiable through federal agencies, will unlock more public and private investments in emissions-effective and resilient buildings across a diverse array of real estate.

Xen Project Releases Version 4.18 with New Security, Performance, and Architecture Enhancements for AI/ML Applications

Retrieved on: 
Monday, November 20, 2023
Security, Technology, Apps, Applications, Artificial Intelligence, Software, Cloud, MISRA, Machine learning, Automotive industry, TEE, Safety, Organization, Architecture, OPAL, SVE, MPU, Linux Foundation, Linux, Intel, Central processing unit, VM, High-performance Integrated Virtual Environment, PowerPC, Philosophy, Embedded system, AMD, HPC, MISRA-C, EPAM Systems, Power ISA, Arm, FOSS, Medical device, Computer data storage, Video game, Xen

“This version provides new enterprise security and high-performance features, but also prepares architectures for HPC and AI/ML applications, which require very large quantities of data processing,” said Kelly Choi, community manager, Xen Project.

Key Points: 
  • “This version provides new enterprise security and high-performance features, but also prepares architectures for HPC and AI/ML applications, which require very large quantities of data processing,” said Kelly Choi, community manager, Xen Project.
  • The Arm® Firmware Framework for Arm A-profile (FF-A) framework support is now merged in upstream Xen as a tech preview.
  • The memory subsystem in Xen on Arm64 is now more compliant with the Arm architecture.
  • XenServer inherits its security and performance from the Xen Project hypervisor,” said Jacus de Beer, general manager, XenServer BU, Cloud Software Group.

OPAL Fuels Announces Third Quarter 2023 Earnings Release Date and Conference Call

Retrieved on: 
Monday, October 30, 2023
Utilities, Agriculture, Oil, Gas, Natural Resources, Alternative Energy, Energy, Trucking, Transport, RNG, OPAL, Electricity, Natural gas, Gasoline, Electric power

OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced that it will release its earnings results for the third quarter ended September 30, 2023, after market close on Monday, November 13, 2023.

Key Points: 
  • OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, announced that it will release its earnings results for the third quarter ended September 30, 2023, after market close on Monday, November 13, 2023.
  • A conference call will take place on Tuesday, November 14, 2023, at 11:00 a.m. Eastern Time.

GIFS laboratory at USask brings latest sequencing technology to Western Canada

Retrieved on: 
Thursday, October 26, 2023
Health, Food security, Food, RNA, Human, High fidelity, Research, OPAL, Genomics, Abraxis BioScience, Plant, Ecosystem, Phenomics, Bacteria, Animal, University, Investment, Agriculture, SMRT, Gene expression, The Global Institute for Tomorrow, DNA, Automation, Fine chemical, Renewable energy, Microscope, Western Canada

GIFS’ Omics and Precision Agriculture Laboratory (OPAL) is the first lab in Western Canada to offer genomics analyses services using PacBio’s new Revio DNA sequencer, the highest-capacity instrument the manufacturer has produced.

Key Points: 
  • GIFS’ Omics and Precision Agriculture Laboratory (OPAL) is the first lab in Western Canada to offer genomics analyses services using PacBio’s new Revio DNA sequencer, the highest-capacity instrument the manufacturer has produced.
  • “At GIFS, we are committed to accelerating research, development, and commercialization within agri-food and providing impactful services that enhance the entire innovation ecosystem.
  • “OPAL’s capacity and complete suite of long- and short-read DNA sequencing technology is unique in Canada and comparable to large national laboratories in the United States.
  • OPAL was previously the first laboratory in Western Canada to offer long, highly accurate HiFi reads from PacBio’s Sequel IIe DNA sequencing system.

Construction Commences on South Jersey Industries, OPAL Fuels, and Atlantic County Utilities Authority Renewable Natural Gas Facility

Retrieved on: 
Monday, October 23, 2023
Oil, Gas, Building Systems, Alternative Energy, Construction & Property, Green Technology, Energy, Sustainability, Environment, Trucking, Agriculture, Natural Resources, Transport, Urban Planning, Other Energy, Utilities, Other Construction & Property, Atlantic County Utilities Authority, SJI, Atlantic County, New Jersey, Biomass, Myakkahatchee Creek Environmental Park, OPAL, Opal (fuel), Multimedia, Growth, ACUA, Atlantic Ocean, RNG, Natural gas, Gasoline, Renewable energy, South Jersey Industries

South Jersey Industries (SJI), an energy infrastructure holding company, OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable energy, and Atlantic County Utilities Authority (ACUA), announced that construction has commenced on a new RNG production facility (Atlantic RNG) located at ACUA’s solid waste landfill in Egg Harbor Township, New Jersey.

Key Points: 
  • South Jersey Industries (SJI), an energy infrastructure holding company, OPAL Fuels Inc. (Nasdaq: OPAL), a leading vertically integrated producer and distributor of renewable natural gas (RNG) and renewable energy, and Atlantic County Utilities Authority (ACUA), announced that construction has commenced on a new RNG production facility (Atlantic RNG) located at ACUA’s solid waste landfill in Egg Harbor Township, New Jersey.
  • As part of its commitment to provide safe, reliable, affordable energy solutions, South Jersey Gas, an SJI subsidiary, will enter into an interconnection agreement to accept the RNG produced by Atlantic RNG.
  • “OPAL Fuels’ decades of experience in renewable energy production underpins our continued focus on our growth strategy of converting biogas resources into operating renewable energy projects.
  • Once processed, it is interchangeable as a carbon-neutral substitute for traditional natural gas and can be fed through the existing South Jersey Gas natural gas infrastructure without disturbing the distribution network already in place.

OPAL Fuels Appoints Scott Contino Interim Chief Financial Officer

Retrieved on: 
Thursday, October 12, 2023
Trucking, Other Energy, Transport, Utilities, Oil, Gas, Alternative Energy, Energy, Agriculture, Natural Resources, MBA, INSEAD, Treasury, Insurance, Electricity, OPAL, Natural gas, Georgetown University, Opal (fuel), CFO, Management

OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas and renewable electricity (the “Company”), today announced that Ann Anthony has notified the Company of her intention to resign as the Company’s Chief Financial Officer (“CFO”) to pursue another professional opportunity, and that Scott Contino, CFO of the Company’s sponsor, Fortistar, has been appointed as interim CFO.

Key Points: 
  • OPAL Fuels Inc. (Nasdaq: OPAL), a vertically integrated producer and distributor of renewable natural gas and renewable electricity (the “Company”), today announced that Ann Anthony has notified the Company of her intention to resign as the Company’s Chief Financial Officer (“CFO”) to pursue another professional opportunity, and that Scott Contino, CFO of the Company’s sponsor, Fortistar, has been appointed as interim CFO.
  • Mr. Contino has been part of the OPAL Fuels business since inception, and previously served as the CFO of its predecessor parent company.
  • Adam Comora, Co-Chief Executive Officer of OPAL Fuels, said, “We are proud of all that we have accomplished during Ann’s tenure - she was a key component of OPAL Fuels becoming a public company, raising capital, and executing on our growth plan.
  • We wish her well in her new endeavors with an earlier stage growth company.”
    Mr. Comora continued, “We are pleased to appoint Scott as interim CFO.

The Region's Most Innovative Products, Brands and Suppliers Return to Hong Kong at Cosmoprof Asia 2023, APAC's Leading Beauty Show

Retrieved on: 
Monday, October 16, 2023
Cathay Pacific, Lakmé Cosmetics, Organization, Ingredient, Exhibition, OPAL, Creativity, Nature, ODM, AsiaWorld–Expo, Kline, Learning, Cosmetics, Research, Cedric's Barber Battle, Convention center, Award, OEM, HKTB, Machine, CosmoProf, Partnership, Multimedia, Forecasting, Beauty, Travel, Beauty salon, SGS, Hong Kong Tourism Board, Ecovia Intelligence, Hair, Print, Euromonitor International, Film industry, Marketing, Tourism, Parlux

HONG KONG, Oct. 15, 2023 /PRNewswire/ -- Cosmoprof Asia 2023 is coming back to Hong Kong!

Key Points: 
  • HONG KONG, Oct. 15, 2023 /PRNewswire/ -- Cosmoprof Asia 2023 is coming back to Hong Kong!
  • After the successful special edition in Singapore, Cosmoprof Asia 2023's Hong Kong edition will welcome more than 2,000 exhibitors from 43 countries and regions and around 60,000 attendees.
  • Finished product brands exhibiting in Cosmoprof Asia represent 57% of the total exhibitors, while 43% of all exhibitors are showcasing in Cosmopack Asia.
  • For Cosmoprof Asia, sectors represented are Beauty Salon, Perfumery and Cosmetics, Hair and Nail Products & Accessories, as well as Natural & Organic.