Renewable Energy Systems Power Long-Term Growth Potential for Global Battery Demand

CLEVELAND, Oct. 28, 2020 /PRNewswire/ — Though representing a relatively small share of total demand, battery storage in solar and wind energy systems is a key growth area in the $106 billion global battery market, with significant long-term growth opportunities expected as the technology takes hold and renewable energy generation expands:

  • Grid-scale energy storage holds particularly healthy prospects. This emerging battery market segment – which only began to be commercialized at a large scale in 2014 – is expected to see extremely rapid growth, albeit from a small base.
  • Rising use of solar and wind power will create an increased need for grid storage systems to manage energy load.
  • Demand for smaller-scale energy storage solutions will also expand as residential solar installations become more common.

Global Demand for Batteries if Forecast to Grow 8.1% Annually Through 2024

A new Freedonia Group analysis projects global demand for batteries to rise 8.1% per year through 2024 to $156 billion, driven primarily by expansion of the hybrid and electric vehicle (HEV) industry, which makes use of high-value lithium-ion batteries. Sales of batteries in a wide variety of consumer products will also increase as spending levels rise.

Want to Learn More?

Global Batteries is now available from The Freedonia Group. This study covers the global battery industry. Demand by product and market are presented in US dollars. For each country, product demand is presented for:

  • primary alkaline batteries
  • primary zinc-carbon batteries
  • primary lithium batteries
  • other primary batteries, including zinc-air, silver-oxide, nickel oxyhydroxide, and all other primary batteries
  • secondary lead-acid batteries
  • secondary lithium-ion batteries
  • secondary nickel-based batteries
  • other secondary batteries, such as sodium-nickel chloride, rechargeable alkaline, zinc-air, nickel-hydrogen, sodium-sulfur, silver-zinc, nickel-air, lithium-sulfur, aluminum-air, and zinc bromine

Totals for primary and secondary battery demand in each country are segmented into:

  • automotive OEM (including for conventional and hybrid/electric vehicles)
  • automotive aftermarket (including for conventional and hybrid/electric vehicles)
  • consumer OEM
  • consumer replacement
  • other markets (e.g., motive power, UPS systems, telecom backup systems, aerospace and defense, energy storage)

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@freedoniagroup.com

 

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SOURCE The Freedonia Group

Michael Baker International Names Gil Bosque, P.E., Vice President and Hamilton, New Jersey, Office Executive

Mr. Bosque brings more than 20 years of transportation engineering experience to new leadership role

HAMILTON, N.J., Oct. 28, 2020 /PRNewswire/ — Michael Baker International, a global leader in engineering, planning and consulting services celebrating 80 Years of Making a Difference, announced today that Gil Bosque, P.E., has been promoted to Vice President and Office Executive for the firm’s Hamilton, New Jersey location. Mr. Bosque brings more than 20 years of transportation engineering experience to his new role, in which he will be key to Michael Baker’s continued growth and success in the Northeast Region and will enable the firm to continue successful expansions into new markets and business lines.

“Gil joined our firm as a Project Manager nearly 15 years ago and ascended to Department Manager before his most recent position as Director of Engineering,” said Magdy Hagag, Northeast Regional Director at Michael Baker International. “His leadership and expertise will be vital as we further develop client relationships, deepen partnerships with consultants and industry leaders, win new work and deliver large-scale, complex projects that leverage the full capabilities of our firm.”

Most recently, Mr. Bosque oversaw the Traffic, Intelligent Transportation Systems (ITS), Structures/Geotech and Aviation departments within Michael Baker’s New Jersey operations, while also providing guidance to the Civil/Highway and Construction Management and Construction Inspection (CMCI) teams. His expertise also includes highway and airfield design, construction cost estimating and project management. Mr. Bosque has managed transportation projects of all sizes for clients, including the New Jersey Turnpike Authority, South Jersey Transportation Authority and the New Jersey Department of Transportation. Earlier in his career, he was a Project Engineer with Berger Lehman Associates, P.C., leading the highway design of several large infrastructure projects in New York City.

Mr. Bosque holds a Bachelor of Science in Civil Engineering from the New Jersey Institute of Technology. He is active in ACEC-NJ, serving as Vice Chairman for the South Jersey Transportation Authority Committee and as part of the Steering Committee for the New Jersey Turnpike Authority. He is also a member of the Society of Hispanic Professional Engineers, New Jersey.

About Michael Baker International
Michael Baker International, celebrating 80 Years of Making a Difference, is a leading provider of engineering and consulting services, including design, planning, architectural, environmental, construction and program management.  The company provides its comprehensive range of services and solutions to support U.S. federal, state, and municipal governments, foreign allied governments, and a wide range of commercial clients.  Michael Baker’s more than 3,000 employees across nearly 100 locations are committed to a culture of innovation, collaboration and technological advancement to help solve challenges for clients and communities throughout the country. To learn more, visit www.mbakerintl.com.

Contact:  Julia Covelli
julia.covelli@mbakerintl.com
(866) 293-4609

 

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SOURCE Michael Baker International

CleanSpark Announces Two New EV Contracts for GridFabric Software Subscriptions

SALT LAKE CITY, Oct. 28, 2020 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK), a diversified software and services company today announced that it has received two contracts with EV (Electric Vehicle) companies for the first deployments of its ‘Plaid’ product, sold as a software subscription.  The contracts were executed through CleanSpark’s wholly-owned subsidiary GridFabric. GridFabric creates software solutions that help power utilities and IoT (Internet of Things) products that manage energy loads. Plaid specifically allows products of all types to add load shifting capabilities by translating load shifting protocols into their existing APIs.

CleanSpark Signs Multiple Software Service Contracts Within EV Sector

Prior to their acquisition by CleanSpark in August 2020, all of GridFabric’s OpenADR solutions had been sold under a perpetual licensing agreement, which represented a one-time sale. One of the stated goals at the time of acquisition for CleanSpark was to transition to a new cloud-based subscription option for the software which will generate long term, recurring revenue.

The benefits of transitioning to a SaaS model include improvements to the platform and implementing services, ease of maintenance, and enhanced cyber-security measures. Additionally, new features are being added that were previously only enabled with on-site updates or re-installation.

Zach Bradford, CEO of CleanSpark said of the contract, “GridFabric specializes in providing communication protocols to cleantech energy and EV companies, enabling them to participate in wholesale markets and communicate directly with utilities. Large, up-front fees for the protocols and communications certification process can be prohibitive for some companies. Under a subscription or SaaS model the customer is able to make ongoing monthly payments rather than a large lump sum. We expect this structure to attract more customers thereby creating an even stronger reoccurring revenue base.  Reducing the cost of entry into OpenADR certification should also accelerate market growth as a whole and increase pull-through demand for CleanSpark’s full suite of products industry-wide.” 

Mr. Bradford continued, “We intend to further enhance the SaaS offerings by developing a platform that will host the existing ‘Plaid’ and ‘Canvas’ products along with future product releases, such as protocols for IEEE 2030.5 within a single ecosystem.  These improvements will enhance a user’s ability to more rapidly integrate new protocols without needing to shift platforms. The monthly fees will also enable GridFabric and CleanSpark to rely on long-term subscription-based revenues to support new feature developments and platform expansion as a whole. SaaS is about ease of use and functionality, and we are excited to be able to offer this as an option to a larger number of potential customers.”

Parties interested in learning more about GridFabric products and services are encouraged to inquire by contacting the Company directly at info@cleanspark.com or visiting the Company’s website at www.gridfabric.io

Investors are encouraged to contact the Company at ir@cleanspark.com, or visiting the Company’s website at https://ir.cleanspark.com/ 

About CleanSpark:

CleanSpark offers software and intelligent controls for microgrid and distributed energy resource management systems and innovative strategy and design services. The Company provides advanced energy software and control technology that allows energy users to obtain resiliency and economic optimization. Our software is uniquely capable of enabling a microgrid to be scaled to the user’s specific needs and can be widely implemented across commercial, industrial, military, agricultural and municipal deployment. Our product and services consist of intelligent energy controls, microgrid modeling software, and innovation consulting services in design, technology, and business process methodologies to help transform and grow businesses.

About GridFabric:

GridFabric creates OpenADR software solutions that help power utilities and IoT products and Companies to shed, shift, shimmy and shape peak load. The Company provides advanced OpenADR software Solutions. Our software and services are uniquely capable of enabling Customers to rapidly gain the necessary certifications to communicate with utilities and other energy products.

Forward-Looking Statements:

CleanSpark cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on CleanSpark’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by CleanSpark that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the successful integration of GridFabric into CleanSpark, the fitness of the product for a particular application or market, the expectations of future revenue growth may not be realized, timing of orders and deliveries, ongoing demand for its software products and related services, the impact of global pandemics (including COVID-19) on the demand for its products and services; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Contact – Investor Relations:
CleanSpark Inc.
Investor Relations
(801)-244-4405

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SOURCE CleanSpark, Inc.

Biden’s Vacillating on Fracking Could Put America at Risk, said Energy Industry Leader Fred Schneiderman at 20 Days to Save the USA

HICKORY, N.C., Oct. 28, 2020 /PRNewswire/ — A leading figure in the energy sector, Fred Schneiderman, speaking at the virtual conference 20 Days to Save the USA, called candidate Joe Biden’s back and forth position on fracking disconcerting, risky and irresponsible if not spelled out with clear timelines and planning.

“It’s highly unlikely for us to remain energy independent if we banned fracking,” said Schneiderman. “We all want to work toward the cleanest environment possible. The issue is what’s practical, timely, economic.”

Biden has gone back and forth whether he would ban fracking and his running mate Kamala Harris has signed on to the Green New Deal, said Schneiderman. “We don’t know if this is $9 trillion obligation or a $100 trillion obligation,” he said.

“We need an understanding of the true cost and a timeline that’s realistic for the American people to understand before they cast their ballot.” 

To destroy the oil and gas fossil fuel industry without a clear and concise plan would be irresponsible. It would risk our national security, stop coalitions around the world from coming together and send jobs of hard-working Americans overseas, he said.

“We’re honored to have an energy industry leader of the caliber of Fred Schneiderman speak at our event to spread his vision for America’s energy independence,” said Jerry McGlothlin, organizer of 20 Days to Save the USA.

“As technology makes the globe smaller, there’s no question our oil independence allows coalitions of nations to come together. 

“It’s highly unlikely we would remain oil independent if we ban fracking, or destroy the oil & gas industry. 

If the United States became carbon-neutral tomorrow, in no way does that preclude Russia and China from lessoning their carbon emissions. 

If only a portion of the planet adheres to carbon neutral, we have to have secure provisions in place for oversight for both China, Russia and the other countries. 

Unless we have a cohesive understanding of how we’re going to approach CO2 emissions, carbon-neutral and renewable energy sources to fulfill America’s and global needs, we all need to be in concert.

Prior to eliminating our oil & gas industry, and eliminating fracking, we need to have a uniform coalition amongst all countries if Vice President Biden’s plan is to be realistic, effective, practical and worthwhile.

Media contact, Dilara Tuncer 941-549-3571; dilara@transmediagroup.com.

 

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SOURCE 20 Days to Save the USA

Solar FlexRack’s Tracker Sales Expand to the Northeastern United States

YOUNGSTOWN, Ohio, Oct. 28, 2020 /PRNewswire/ — Solar FlexRack™, a division of Northern States Metals and an innovative leader in photovoltaic mounting and solar tracker solutions, announced that its solar tracker sales for 2020 have expanded into the Northeastern region of the United States.

According to Wood Mackenzie, 2020 will be the first year the global tracker market’s value will surpass the value of the fixed-tilt market. Roughly 70% of new utility-scale solar projects in the US now come with a tracker.

“A significant percentage of our solar tracker sales came out of the Southeastern region in 2019. This year, for the first time, we’re seeing our business expand in the Northeast. We’re supplying projects in various stages of construction in Virginia, Maryland, Connecticut, and New York,” said Steve Daniel, Executive Vice President of Solar FlexRack. 

Solar FlexRack’s racking, solar tracking solutions, and services teams have long been recognized for their exceptional track record in difficult-to-develop sites including those with uneven terrain, rocky soils, colder climatic conditions, and high winds.

The recently completed 13.6-megawatt project just outside of Danville, Virginia is an example of how Solar FlexRack’s tracker solutions bring value to utility-scale EPCs and project owners. The project, installed with advanced components including Solar FlexRack single-axis TDP 2.0 Solar Trackers and GCL bifacial modules, was the first Solar FlexRack tracker installation of this kind, for the installer. Leading EPCs comment that this solar tracker is noted for being one of the easiest in the industry to install and its design delivers greater adjustability to maximize performance and production.

About Solar FlexRack
Solar FlexRack, a division of Northern States Metals, is an integrated solar company that offers custom-designed, fixed tilt ground mount and single-axis solar tracking systems in the commercial and utility-scale solar mounting industries. Solar FlexRack also offers full turnkey packages, including engineering, geotechnical, pullout testing, field, layout, and installation services to address the actual site conditions of an installation and provide a full scope of services from design to delivery and installation. Solar FlexRack has completed over 2 GW of solar racking installations in 40 states across America and five countries globally.  For more information, go to www.solarflexrack.com and follow us on TwitterFacebook, and LinkedIn.

Solar FlexRack Media Contact:
Staci Lombardo
257795@email4pr.com
330-799-1855

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SOURCE Solar FlexRack

AES continues to accelerate the future of energy with the launch of a new brand and product offerings

ARLINGTON, Va., Oct. 28, 2020 /PRNewswire/ — The AES Corporation (NYSE: AES) today launched a new brand to reflect its transformation as a leading energy company and announced product offerings to help organizations achieve their energy objectives. The company has aggressively led the world’s transition to cleaner energy and is executing an ambitious carbon reduction strategy. As one of the largest renewables developers in the world, AES is adding 2 to 3 gigawatts (GW) of new renewables every year and has a 6 GW backlog of clean energy projects, including those with signed agreements or under construction.

“We have transformed AES into a leader in clean growth and innovation,” said Andrés Gluski, AES’ President and CEO. “The new AES brand recognizes that we are on the forefront of technological and commercial innovations that will transform our industry.”

AES is co-creating solutions that enable businesses to build a competitive advantage while meeting their sustainability objectives. These customers include Kaua’i Island Utility Cooperative (KIUC). Together with AES, KIUC is delivering energy that will help the State of Hawaii meet its commitment to transform and achieve 100% renewable power by 2045.

With the launch of its new brand, AES also introduced new product offerings to help customers wherever they are on their energy journey build competitive advantages as leaders in their respective industries.

Customers can take many paths toward reaching their energy goals. Together with AES, customers can achieve a higher standard of clean energy, drive impact through access and insights, secure their sustainable energy future and achieve scale benefits through shared platforms and applications.

AES has made it easier for organizations to accelerate their clean energy transformation, make meaningful contributions toward a sustainable climate and build competitive advantages within their industries, accelerating the clean energy future our world deserves and needs.

To connect with AES about its transformation and new brand, please contact Gail Chalef, Senior Manager for Press and Media Relations, at gail.chalef@aes.com or +1-571-833-8804. 

About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today.

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SOURCE AES CORP

EQT Announces Pricing Of Public Offering Of Common Stock

PITTSBURGH, Oct. 27, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) (the Company or EQT) announced today that it has priced a public offering of 20,000,000 shares of its common stock at a price to the public of $15.50 per share (the Offering). The Company has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of its common stock.

The Company intends to use the net proceeds from the Offering to partially fund the purchase price of the Company’s recently announced acquisition of certain upstream and midstream assets located in the Appalachian Basin from Chevron U.S.A. Inc. (the Chevron Acquisition). The consummation of the Offering is not conditioned upon the completion of the Chevron Acquisition and the consummation of the Offering is not a condition to the completion of the Chevron Acquisition. If the Chevron Acquisition is not consummated, the Company intends to use the net proceeds of the Offering to repay or redeem outstanding indebtedness, including those with near-term maturities, and for general corporate purposes.

Citigroup, Credit Suisse, BofA Securities and Barclays are acting as joint book-running managers for the Offering. The shares of common stock which the Company intends to sell in the Offering will be issued pursuant to a prospectus supplement and the accompanying base prospectus, which was filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission on Form S-3. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained on the Securities and Exchange Commission’s website at www.sec.gov or by contacting any of the following underwriters: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 800-831-9146; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, by calling 1-800-221-1037, or by emailing usa.prospectus@credit-suisse.com; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC  28255-0001, Attn: Prospectus Department, or by emailing dg.prospectus_requests@bofa.com; and Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling 888-603-5847, or by emailing Barclaysprospectus@broadridge.com.

This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Contact:
Andrew Breese
Director, Investor Relations
412.395.2555
ABreese@eqt.com

About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do.

Cautionary Statements
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include statements regarding the Company’s plans and expected timing with respect to the Offering and Chevron Acquisition. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently available to the Company. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond the Company’s control. The risks and uncertainties that may affect the operations, performance and results of the Company’s business and forward-looking statements include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; access to and cost of capital; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; the Company’s ability to appropriately allocate capital and resources among its strategic opportunities; inherent hazards and risks normally incidental to drilling for, producing, transporting and storing natural gas, natural gas liquids and oil; cyber security risks; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and water required to execute the Company’s exploration and development plans; the ability to obtain environmental and other permits and the timing thereof; government regulation or action; environmental and weather risks, including the possible impacts of climate change; uncertainties related to the severity, magnitude and duration of the COVID-19 pandemic; and disruptions to the Company’s business due to acquisitions and other significant transactions. These and other risks are described under Item 1A, “Risk Factors,” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, as updated by Part II, Item 1A, “Risk Factors” in the Company’s subsequently filed Quarterly Reports on Form 10-Q and other documents the Company files from time to time with the Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it.

Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. 

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SOURCE EQT Corporation

Montana Public Service Commission action on Colstrip misaligned with Montana’s severe capacity shortage

BUTTE, Mont., Oct. 27, 2020 /PRNewswire/ — NorthWestern Corporation d/b/a NorthWestern Energy (Nasdaq: NWE).  Today the Montana Public Service Commission handed down another decision hostile to Colstrip by voting to penalize NorthWestern Energy’s Colstrip operations by $5.7 million through the annual Power Costs and Credits Adjustment Mechanism (PCCAM).  It is particularly disappointing given this disallowance is on top of the risk sharing mechanism that is already part of the PCCAM design.

According to John Hines, Vice President of Energy Supply, “The Commission’s most recent public comments coupled with their repeated refusals to allow NorthWestern to recover costs to purchase power for its customers when Colstrip is not available make it very difficult to purchase the proposed additional interest in Colstrip Unit 4 for $0.50. The Commission’s treatment of Colstrip is not aligned with NorthWestern’s critical need to address a severe and growing capacity shortage in the state.”

Colstrip Unit 4 was taken out of service in mid-2018 to ensure that it could burn fuel cleanly and remain in compliance with emissions standards. The Commission’s decision also disallowed an additional $3.8 million of costs related to the prorated application of a change in state law that eliminates the deadband component of the PCCAM. NorthWestern will evaluate the Commission’s written order once it is issued.

Follow us on Facebook or on Twitter (@NWEinfo).     

About NorthWestern Energy (Nasdaq: NWE)
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and / or natural gas to approximately 734,800 customers in Montana, South Dakota and Nebraska. We have generated and distributed electricity in South Dakota and distributed natural gas in South Dakota and Nebraska since 1923 and have generated and distributed electricity and distributed natural gas in Montana since 2002. More information on NorthWestern Energy is available on the company’s website at www.northwesternenergy.com.

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SOURCE NorthWestern Energy

GALT Acquires Sea Dragon Energy, Inc.

DEL MAR, Calif., Oct. 27, 2020 /PRNewswire/ — Global Air Logistics and Training, Inc. (GALT) has acquired Sea Dragon Energy, Inc. (SDEI) of Florence, Texas in a stock-only exchange on Monday, October 19, 2020. SDEI is now a Majority-owned Subsidiary of GALT and will pursue defense and commercial energy business with emphasis on clean energy.

John Kohut, GALT Chief Executive Officer, stated, “modern military operations are energy intensive and supplying that energy is frequently logistically difficult, expensive and all too often hazardous. Innovative renewable and synthetic energy solutions can unchain our forces from this burden.  Sea Dragon Energy, Inc. will be a leader in that innovation.”

Global Air Logistics and Training, Inc. is a spirited, Non-traditional Defense Contractor. As a Service-disabled Veteran-Owned Small Business (SDVOSB), GALT innovates to bring mission critical information to and from the forward edge of battle. With SDEI acquisition, GALT will expand its information and logistics solutions.

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SOURCE Global Air Logistics and Training, Inc.

MPLX LP Announces Quarterly Distribution

FINDLAY, Ohio, Oct. 27, 2020 /PRNewswire/ — The board of directors of the general partner of MPLX LP (NYSE: MPLX) has declared a quarterly cash distribution of $0.6875 per common unit for the third quarter of 2020, or $2.75 on an annualized basis. The distribution will be paid on Nov. 13, 2020, to common unitholders of record as of Nov. 6, 2020.

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100 percent of MPLX’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, MPLX’s distributions to non-United States investors are subject to federal income tax withholding at the highest applicable effective tax rate.

About MPLX LP 

MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services. MPLX’s assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals. The company also owns crude oil and natural gas gathering systems and pipelines as well as natural gas and NGL processing and fractionation facilities in key U.S. supply basins. More information is available at www.mplx.com.

Investor Relations Contacts: (419) 421-2071
Kristina Kazarian, Vice President, Investor Relations
Taryn Erie, Manager, Investor Relations

Media Contact:
Jamal Kheiry, Manager, Corporate Communications (419) 421-3312

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SOURCE MPLX LP