Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.905 per Common Limited Partner Unit

BRENTWOOD, Tenn., Oct. 27, 2020 /PRNewswire/ — Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today declared its quarterly cash distribution for the third quarter 2020 of $0.905 per common limited partner unit, or $3.62 per common limited partner unit on an annualized basis. This distribution represents a 0.6% increase from the distribution for the second quarter 2020 of $0.90 per common limited partner unit ($3.60 per common limited partner unit annualized) and an 2.8% increase over Delek Logistics’ distribution for the third quarter 2019 of $0.88 per common limited partner unit ($3.52 per common limited partner unit annualized). The third quarter 2020 cash distribution is payable on November 12, 2020 to unitholders of record on November 6, 2020.

“This marks the thirtieth consecutive quarterly increase in the cash distribution and demonstrates stability of the business despite a difficult macro energy environment. We remain on-track to deliver 5% distribution growth this year versus 2019 levels,” said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek Logistics.

About Delek Logistics Partners, LP

Delek Logistics Partners, LP, headquartered in Brentwood, Tennessee, was formed by Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) to own, operate, acquire and construct crude oil and refined products logistics and marketing assets.

Safe Harbor Provisions Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements regarding Delek Logistics’ future distributions, including the amounts and timing thereof, and other statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” within the meaning of federal securities laws. Investors are cautioned that the following important factors, among others, may affect these forward-looking statements: the fact that a substantial majority of Delek Logistics’ contribution margin is derived from Delek US, thereby subjecting it to Delek US’ business risks; risks and uncertainties related to the effects of the COVID-19 pandemic; risks and costs relating to the age and operational hazards of our assets including, without limitation, costs, penalties, regulatory or legal actions and other effects related to releases, spills and other hazards inherent in transporting and storing crude oil and intermediate and finished petroleum products; the impact of adverse market conditions affecting the business of Delek Logistics, including margins generated by its wholesale fuel business; adverse changes in laws including with respect to tax and regulatory matters and other risks as disclosed in our annual report on Form 10-K, quarterly reports on Form 10-Q and other reports and filings with the United States Securities and Exchange Commission.  

Forward-looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the statements. There can be no assurance that actual results will not differ from those expected by management or described in forward-looking statements. Delek Logistics undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which Delek Logistics becomes aware of, after the date hereof.

Tax Considerations

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Delek Logistics Partners, LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Delek Logistics Partners, LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate for individuals or corporations, as applicable. Nominees, and not Delek Logistics Partners, LP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Information about Delek Logistics Partners, LP can be found on its website (www.deleklogistics.com), investor relations webpage (ir.deleklogistics.com), news webpage (www.deleklogistics.com/news-releases) and its Twitter account (@DelekLogistics).

 

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SOURCE Delek Logistics

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

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

Georgia Power announces executive leadership moves

ATLANTA, June 22, 2020 /PRNewswire/ — Georgia Power announced today several executive leadership moves and organization realignments. As the company continues to focus on investing in Georgia’s energy future, it is also continuously evolving to meet the changing needs of customers while delivering clean, safe, reliable, affordable energy to 2.6 million customers throughout the state.

“The depth of experience across our leadership team is instrumental in shaping how we adapt as our business, customers and communities change,” said Paul Bowers, chairman, president and CEO of Georgia Power. “At Georgia Power, our leaders help ensure we are making decisions that best reflect the needs of our customers today and in the future.”

The following appointments are effective July 1: 

Meredith Lackey will become executive vice president of External Affairs and Nuclear Development. Lackey will lead the company’s policies and activities in community and economic development, corporate communication, environmental affairs, governmental and regulatory affairs, regional external affairs, land management, pricing and planning and nuclear development. Lackey currently serves as senior vice president, General Counsel, Corporate Secretary & Chief Compliance Officer and succeeds Chris Cummiskey, who has been named Group CEO for Southern Energy Resources.

Sterling Spainhour will become senior vice president, General Counsel, Corporate Secretary & Chief Compliance Officer. Spainhour will oversee corporate compliance, risk management, security and legal services functions and succeeds Lackey in this role. Spainhour currently serves as senior vice president and General Counsel for Southern Company Services (SCS) and will maintain his responsibilities for the corporate, energy regulation and technology functions for SCS.

As part of the leadership moves, Pedro Cherry, currently serving as executive vice president of Customer Service and Operations, has been named president and CEO of Atlanta Gas Light and Chattanooga Gas, effective August 1.

“Chris and Pedro have both played an important role in leading our company, each leaving a positive, lasting impact on our state and customers,” said Bowers. “Each of them has always led as a citizen wherever we serve first – helping us navigate how we continue to serve our customers and communities with excellence as our industry evolves.”

Additionally, Georgia Power’s Customer Service and Operations organization will be restructured into two organizations – Power Delivery, and Corporate and Customer Services.

This restructure reflects the company’s focus on maintaining a reliable, resilient electric grid, as well as providing exceptional customer service in communities across the state with both organizations reporting directly to the chairman, president and CEO of Georgia Power.

Glen Grizzle, senior vice president of Power Delivery, will continue as leader of the Power Delivery organization as Georgia Power invests heavily in transmission and distribution infrastructure and strengthening the reliability and resiliency of the electric grid. Grizzle’s responsibilities include overseeing construction, transmission maintenance and support, transmission planning and operations, the company’s Distribution Control Centers, distribution design, performance and planning, distribution management systems, Metro Trouble Services, network underground, the Storm Center and more.

Nicole Faulk, currently vice president of Corporate Services, will now lead the Corporate and Customer Services organization as senior vice president to continue the company’s world-class service to its customers. Faulk will be responsible for customer service, corporate services, and sales and marketing efforts for the company. She will oversee customer satisfaction, the Customer Care Center, customer operations, field services, safety and health, facilities management, fleet management, forestry and right-of-way, shared services, new product development, product distribution, e-commerce, sales management, energy efficiency and more.

About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America’s premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company’s promise to 2.6 million customers in all but four of Georgia’s 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

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SOURCE Georgia Power

Atlantic Power Corporation Announces Election of Directors and Results of Annual and Special Meeting of Shareholders

DEDHAM, Mass., June 19, 2020 /PRNewswire/ — Atlantic Power Corporation (NYSE: AT) (TSX: ATP) (“Atlantic Power” or the “Company”) announced that the nominees listed in the management information circular and proxy statement for the 2020 Annual and Special Meeting of Shareholders (the “Annual Meeting”) held on June 17, 2020 were elected as directors of the Company. Detailed results of the votes by proxy for the election of directors held at the virtual Annual Meeting are set out below.

Nominee

Votes For

% For

Votes Withheld

% Withheld

R. Foster Duncan

52,371,896

91.70%

4,738,952

8.30%

Kevin T. Howell

55,251,141

96.74%

1,859,708

3.26%

Danielle S. Mottor

55,796,378

97.70%

1,314,471

2.30%

Gilbert S. Palter

55,765,345

97.64%

1,345,403

2.36%

James J. Moore, Jr.

55,870,700

97.83%

1,240,149

2.17%

An amendment to the Company’s sixth amended and restated long-term incentive plan was approved at the Annual Meeting. In connection with the amendment, the Company relied on an exemption from certain requirements of the Toronto Stock Exchange (“TSX”) under section 602.1 of the TSX Company Manual.

Shareholders also approved, by non-binding advisory vote, the Company’s executive compensation for 2019. In addition, shareholders approved the appointment of KPMG LLP to serve as the Company’s auditors for 2020.

About Atlantic Power

Atlantic Power is an independent power producer that owns power generation assets in eleven states in the United States and two provinces in Canada. The Company’s generation projects sell electricity and steam to investment-grade utilities and other creditworthy large customers predominantly under long–term power purchase agreements that have expiration dates ranging from 2020 to 2043. The Company seeks to minimize its exposure to commodity prices through provisions in the contracts, fuel supply agreements and hedging arrangements. The projects are diversified by geography, fuel type, technology, dispatch profile and offtaker (customer). Approximately 75% of the projects in operation are 100% owned and directly operated and maintained by the Company. The Company has expertise in operating most fuel types, including gas, hydro, and biomass, and it owns a 40% interest in one coal project.

Atlantic Power’s common shares trade on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP. For more information, please visit the Company’s website at www.atlanticpower.com or contact:

Atlantic Power Corporation 
Investor Relations
(617) 977-2700 
info@atlanticpower.com

Copies of the Company’s financial data and other publicly filed documents are available on SEDAR at www.sedar.com or on EDGAR at www.sec.gov/edgar.shtml under “Atlantic Power Corporation” or on the Company’s website.

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SOURCE Atlantic Power Corporation

Opower Reimagines the Home Energy Report

Dynamic new reports to engage millions of customers starting this summer, enabling savings in energy and money while helping utilities build a cleaner energy future

REDWOOD SHORES, Calif., June 22, 2020 /PRNewswire/ — Oracle Utilities Opower has completely reimagined the Home Energy Report (HER). Starting this summer, the new reports can help millions of households save money and reduce their carbon footprint through dynamic new experiences. With bold designs, new energy insights and applied behavioral science, the new Opower HERs make it easy for utilities to reach all types of customers and achieve outcomes ranging from driving energy efficiency savings to increasing customer satisfaction and digital channel engagement. They can also be used to accelerate the adoption of energy-saving programs such as efficient home upgrades and smart devices, and coach customers to maximize the impact of emerging technology, such as residential solar and electric vehicle charging.

“FirstEnergy serves multiple states, all with different customer needs, efficiency goals and regulatory structures, so it’s important that we design and scale programs to achieve those many goals,” said Nicole Williams, manager, energy efficiency, residential programs, FirstEnergy. “The new Opower Home Energy Reports – with their highly individualized insights, flexible design and continuous learning model – will help engage customers and deliver all the results we need throughout our service territories.”

The new Opower Home Energy Reports are powered by the most complete platform in the industry, empowering utilities to create holistic customer journeys that achieve a wide range of demand side management (DSM) and engagement outcomes. For more information listen to the results National Grid has already achieved with the reimagined HER here.

New engagement innovations can help everyone save

Opower has sent nearly a billion reports on behalf of its utility clients since it pioneered the HER in 2007. This milestone represents more than 3,300 collective program years of experience geared to optimize paper, digital and combination programs. Collectively, these reports have resulted in utility customers saving more than 25 terawatt-hours of energy, enough to power all the households in Dallas, Texas for 3.5 years or stream 125 billion videos. But as customers and challenges evolve, so must the techniques to reach and solve them.

Backed by new advancements in behavioral science, artificial intelligence (AI) and appliance-level disaggregation, the new Opower HER delivers better outcomes by providing truly personalized insights for every type of customer through:

  • Ever-evolving experiences: One-size (or color) certainly does not fit all. Dynamic and changing HER layouts are designed to catch and maintain customer attention, including those who have been receiving the same HERs for years. This includes being able to size and strategically place certain insights and icons for maximum exposure and action. With better use of color and visual appeal, the reports provide a poster-like format that the entire household can understand and use to make smarter energy choices.
  • Unique energy journeys: The reimagined HERs enable utilities to tailor outreach to connect with a diverse audience and autonomously optimize the experience for each customer by the channel and content they receive. For instance, when Opower detects an EV charging in the home, the customer is sent recommendations on the best times to charge. Variable rate customers see peak pricing insights. Limited income customers receive low and no-cost recommendations. The adaptability of the platform allows utilities to use paper reports to engage hard-to-reach customers and lead them to sustained engagement through digital channels over time. By delivering the right energy insight and recommendation through the right channel every time, the new Opower HERs help utilities deliver more customer value, influence buying behaviors, and increase intended results.
  • Agility to experiment: The flexible nature of the new Opower HER makes it a large-scale laboratory for testing and carefully measuring new behavioral techniques and consumer engagement tactics. New Opower platform capabilities enable faster, easier, more cost-effective pilots that extend beyond print and email HERs. For example, The Opower X team recently created a first-of-its-kind video energy report pilot with National Grid. Customers received personalized, animated insights on their usage and advice on how to save and cut costs. The project yielded 12 times the average click-through rates than standard digital reports.
  • New behavioral science techniques: While the HER neighbor comparison has been central to getting people to act, sustaining engagement over time demands varying approaches. The new generation of HER continues to innovate with new behavioral techniques to get customers to take that next step or leap, including offering:
    •  “Efficiency Zones” – a new take on normative comparisons that compares a customer’s energy use to a target zone, rather than to similar efficient homes.
    •  “Energy Use Benchmarks” – indicates a customer’s relative level of efficiency in a simple way at the top of the report.
    • “Moments of Pride” – congratulates customers for taking an action, motivating them to be even more energy efficient.

“For more than ten years, Opower has been instrumental in engaging our customers through a range of behavioral techniques and communications channels,” said Amanda Janaskie, manager energy efficient programs, Baltimore Gas & Electric. “We’ve been an early adopter of many Opower innovations, so it was natural to be one of the first to deploy these new reports. They will be instrumental in delivering on our commitment to provide customers with personalized experiences that help save energy and money.”   

“Our ability to make every report a new experience for all types of customers not only delivers industry-leading results, but it also creates a testbed for trying new behavioral techniques and engagement strategies,” said Scott Neuman, GVP of Oracle Utilities Opower. “Our reimagined HER is a major leap forward that allows utilities to execute successful programs and help build our clean energy future right now.”

Additional Resources:

About Oracle
The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain and Manufacturing, plus Highly Automated and Secure Oracle Cloud Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

 

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SOURCE Oracle

Momentum Dynamics Wireless Chargers to Provide Unlimited Driving Range on 10 Battery-Electric Buses Delivered to Link Transit in Washington State

MALVERN, Pa., June 22, 2020 /PRNewswire/ — Momentum Dynamics is supplying 10 of its 300-kilowatt wireless charging systems for 10 new battery-electric BYD K9S buses delivered to Link Transit in Wenatchee, Washington. All new buses added to the Link fleet are fitted with wireless charging receivers from Momentum Dynamics. Wireless on-route charging increases the range of the bus to allow for effectively unlimited driving range.

FIRST WIRELESS SYSTEM ON BOTH EAST AND WEST COAST
In February 2018, Link Transit commissioned from Momentum Dynamics the nation’s first 200-kilowatt wireless charging system for a battery-electric transit bus. The system has been operational on a BYD K9S bus since then. Momentum Dynamics’ system is approaching three years deployment on the East Coast in Howard County, Maryland with Maryland’s Regional Transit Authority (RTA). This, along with systems installed in Chattanooga, TN established Momentum’s system as the first to operate on the US East Coast.  The Momentum system is now being installed for operation across the US; in Martha’s Vineyard with Vineyard Transit Authority and for IndyGo’s system in Indianapolis, IN.

Following the successful introduction and operation of a wirelessly charged bus in 2018, Momentum Dynamics Corporation and Link Transit extended their relationship with a new 5-year agreement in January, 2020. As part of the agreement, Momentum will provide 3 new on-route charging stations, each capable of delivering 300k.  These stations are used to support the bus fleet.

Because of its modular design, Momentum’s system is highly efficient in terms of both energy utilization and the number of chargers required.  Each module, or pad, is rated at 75kW. By specifying multiple pads, vehicles can be rated up to 300-450 kW per bus. 

The same system can be used with passenger cars, taxis, buses and delivery vehicles.  Its robust design makes the system highly suitable for both on-route charging and in-depot use.  The system is installed below ground or on the pavement inside garages, depending on the use case.  Charging happens automatically, without human intervention. Partial battery charging is a highly effective means of providing vehicle energy because it can keep a vehicle charged and in-service indefinitely while substantially extending the useful life of the battery.

Momentum’s modular on-route charging system represents a breakthrough in heavy-duty vehicle charging in that multiple vehicles and vehicle designs can share one charger.  This contrasts to the much more expensive method of providing one charger for every bus in the fleet.  A bus that charges only at night at a garage cannot complete a day’s duty cycle without requiring downtime for recharge.  Because of this, partial on-route charging along the driving route is essential to avoid the need to purchase more buses to complete the cycle.  Wireless charging therefore provides the most cost-effective means to achieve fleet electrification.

About Link Transit:

December 16, 1991 marked the first day of full fixed route operation. Link Transit grew very rapidly and by 1996 it was operating 27 routes with 55 vehicles, and the System was enjoying 1.3 million passenger boardings per year. Over the past ten years Link Transit has built its services by focusing on efficiencies and fiscal management; utilizing its sales tax and fare revenues as well as grant funding opportunities. With care and continued focus on providing a dependable, safe, and friendly service ridership has steadily grown and increased over the years. Link Transit carries about 4,000 people per day or approximately 1-million passengers per year

About Momentum Dynamics:

Momentum Dynamics, located in Malvern, PA, is the global leader in high-power wireless charging for electric vehicles. The company practices world-class technology innovation and is recognized for the extraordinary accomplishments and unique expertise of its engineers and scientists. Momentum was recently named a winner of the 2019 Emerging Technology Award from Mechanical Engineering Magazine.

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SOURCE Momentum Dynamics Corporation

Outlook on the Saudi Arabian Diesel Genset Market to 2026 – Includes Profiles of Atlas Copco Industrial Equipment Co, Caterpillar, Cummins, FG Wilson, Himoinsa Middle East, and More

DUBLIN, June 5, 2020 /PRNewswire/ — The “Saudi Arabia Diesel Genset Market (2020-2026): Market Forecast by KVA Rating, by Applications, by Regions, and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.

According to this research, the Saudi Arabia Diesel Genset Market is projected to grow at a CAGR of 2.8% during 2020-2026.

  • This report thoroughly covers the market by kVA Ratings, applications and regions.
  • The report provides an unbiased and detailed analysis of the on-going Saudi Arabia genset market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Diesel gensets in Saudi Arabia are heavily deployed across various applications such as commercial, industrial and others to provide power backup during peak time or when there is a shortage. The rising number of upcoming infrastructure projects, growing electricity demand supported by favorable government initiative schemes for the overall development of the country are some of the key factors which would drive the market for diesel gensets in Saudi Arabia over the coming years.

For instance, Neom, the Red Sea Project, Amaala, GCC Railway Project, Waterfront Infrastructure Facilities Project – Phase II, Medina Metro Project and many more are the upcoming infrastructure projects in the country. Furthermore, the increasing focus on energy efficiency would positively influence the Saudi Arabia diesel genset market during the forecast period.

Saudi Vision 2030 and the National Transformation Programme 2020 are few of the government initiatives which aims at developing and strengthening public service sectors such as healthcare, education, infrastructure and tourism. The fulfillment of these initiatives would require the application of diesel genset on a large scale and this would further spur the market growth for diesel gensets in the country.

Diesel genset with rating 5kVA-75kVA would acquire majority market share due to low electrification rate, growing residential, and construction sector. The 5kVA-75kVA rating gensets are expected to maintain their dominance in the market over the coming years as well owing to their low cost and multiple applications across various verticals. Additionally, growth in mining and oil & gas exploration in Saudi Arabian countries would also boost the growth of diesel genset market over the coming years.

Key Topics Covered

1. Executive Summary

2. Introduction
2.1. Report Description
2.2. Key Highlights of The Report
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions

3. Saudi Arabia Diesel Genset Market Overview
3.1. Saudi Arabia Country Analysis
3.2. Saudi Arabia Diesel Genset Market Revenues & Volume, 2016-2026F
3.3. Saudi Arabia Diesel Genset Market – Industry Life Cycle, 2019
3.4. Saudi Arabia Diesel Genset Market – Porter’s Five Forces
3.5. Saudi Arabia Diesel Genset Market Revenue Share, By Regions

4. Saudi Arabia Diesel Genset Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints

5. Saudi Arabia Diesel Genset Market Trends

6. Saudi Arabia Diesel Genset Market Overview, By kVA Ratings
6.1. Saudi Arabia Diesel Genset Market Revenue Share, By kVA Ratings, 2019 & 2026F
6.2. Saudi Arabia Diesel Genset Market Volume Share, By kVA Ratings, 2019 & 2026F
6.2.1. Saudi Arabia 5-75 KVA Rating Diesel Genset Market Revenues & Volume, 2016-2026F
6.2.2. Saudi Arabia 75-375 KVA Rating Diesel Genset Market Revenues & Volume, 2016-2026F
6.2.3. Saudi Arabia 375-750 KVA Rating Diesel Genset Market Revenues & Volume, 2016-2026F
6.2.4. Saudi Arabia 750-1000 KVA Rating Diesel Genset Market Revenues & Volume, 2016-2026F
6.2.5. Saudi Arabia Above 1000 KVA Rating Diesel Genset Market Revenues & Volume, 2016-2026F

7. Saudi Arabia Diesel Genset Market Overview, By Applications
7.1. Saudi Arabia Diesel Genset Market Revenue Share, By Applications, 2019 & 2026F
7.2. Saudi Arabia Diesel Genset Market Revenues, By Commercial Application, 2016-2026F
7.3. Saudi Arabia Diesel Genset Market Revenues, By Industrial Application, 2016-2026F
7.4. Saudi Arabia Diesel Genset Market Revenues, By Residential Application, 2016-2026F
7.5. Saudi Arabia Diesel Genset Market Revenues, By Transportation & Infrastructure Application, 2016-2026F

8. Saudi Arabia Diesel Genset Market Overview, By Regions
8.1. Saudi Arabia Diesel Genset Market Revenues, By Regions, 2016-2026F

9. Saudi Arabia Diesel Genset Market – Key Performance Indicators
9.1. Saudi Arabia Commercial Sector Outlook
9.2. Saudi Arabia Residential Sector Outlook
9.3. Saudi Arabia Industrial Sector Outlook
9.4. Saudi Arabia Infrastructure Sector Outlook
9.5. Saudi Arabia Transportation Sector Outlook

10. Saudi Arabia Diesel Genset Market Import Statistics
10.1. Saudi Arabia Up to 75 KVA Diesel Gensets Import, By Country, 2018
10.2. Saudi Arabia 75.1 – 375 KVA Diesel Gensets Import, By Country, 2018
10.3. Saudi Arabia Above 375 KVA Diesel Gensets Import, By Country, 2018

11. Saudi Arabia Diesel Genset Market Opportunity Assessment
11.1. Saudi Arabia Diesel Genset Market Opportunity Assessment, By KVA Ratings, 2026F
11.2. Saudi Arabia Diesel Genset Market Opportunity Assessment, By Applications, 2026F

12. Saudi Arabia Diesel Genset Market Competitive Landscape
12.1. Saudi Arabia Diesel Genset Market Competitive Benchmarking, By KVA Ratings
12.2. Saudi Arabia Diesel Genset Market Revenue Share, By Company, 2019

13. Company Profiles
13.1. Atlas Copco Industrial Equipment Co.
13.2. Caterpillar Inc.
13.3. Cummins Saudi Arabia Limited.
13.4. FG Wilson
13.5. Himoinsa Middle East, FZE
13.6. Kirloskar Middle East FZE
13.7. Saudi Diesel Equipment Company Limited
13.8. Yanmar Company Limited
13.9. Perkins Engines Company Limited
13.10. MTU Energy Onsite Corporation
13.11. Kohler Power Systems

14. Key Strategic Recommendations

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SOURCE Research and Markets

Schlumberger Industrial Real Estate Up for Auction in June

DALLAS, June 5, 2020 /PRNewswire/ — Williams & Williams, a worldwide real estate auction firm and leader in global live and interactive auctions will auction 20+ properties for oilfield services company Schlumberger (SLB) during a two week period in June. Williams & Williams is conducting the auctions along with Lee & Associates Commercial Real Estate Services.

The properties are a mix of warehouse, industrial and land properties throughout Texas, plus locations in Oklahoma, Colorado, Mississippi, Illinois, North Dakota, Wyoming and Utah. Many of the properties will be sold Absolute, with no reserve. The auctions are open to the public, with no bidder deposit required to participate.

“The Schlumberger portfolio includes well-maintained industrial properties near major highways and close to small to medium metropolitan areas” said Fontana Fitzwilson, Executive Vice President of Williams & Williams. “Sales in the industrial real estate market are strong right now, and the value of having a time-certain sale for multiple properties is attractive to sellers like Schlumberger who want to dispose of their underutilized or idle assets.” The auctions will take place on site at selected properties June 11th through the 25th. Simultaneous online bidding is available for all auctions.  For a complete list of properties and sale times and locations, please visit the auction website: https://www.williamsauction.com/SLB.

Fitzwilson said the seller has prepared each property for a speedy transfer following the auction, including offering a “Quick Close” incentive for pre-auction transactions that would cover most of the closing costs to the buyer.  Pre-auction sales are encouraged and the cut-off date to qualify for the Quick Close program is the first week of June. Public inspections will be held prior to the auction, please visit each property web page for date and time.

For more information, please call 800.801.8003 or email the Auction Manager Danae.Hill@williamsauction.com

About Williams & Williams:

Williams & Williams (www.williamsauction.com) is a worldwide real estate auction firm and the leader in global live and interactive auctions.  With more than a century of experience, Williams & Williams provides a broad range of real estate services to private, public and institutional sellers interested in the benefits of time-definite sales solutions that deliver the best value.  A full-service brokerage with an operating footprint in all 50 United States, Williams & Williams also cooperatively partners with residential, commercial and land brokers to auction properties throughout the United States and abroad.

 

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SOURCE Williams & Williams

Gastech Postponed to September 13-16, 2021

Singapore will host next edition of eventWorld’s largest integrated exhibition and conference supporting the gas, LNG and energy value chain to be held in Singapore

LONDON, May 28, 2020 /PRNewswire/ — dmg events and the Gastech Governing body, in consultation with Enterprise Singapore and the Singapore Tourism Board, has collectively taken the decision to postpone Gastech, the world’s largest integrated exhibition and conference supporting the gas, LNG and energy industries, to September 13 to 16, 2021.

The Gastech 2020 conference’s will now take place virtually in September, with strategic and technical content streamed online, enabling the gas, LNG and energy industries the opportunity to engage, as it adapts and responds to the collective challenges and opportunities the industry faces.

In a statement announcing the postponement, organisers dmg events said the collective decision had been based on concerns around the global pandemic, accessibility and for the wellbeing of speakers, delegates, exhibitors and visitors. Gastech 2020 had been due to take place in Singapore this September.

Nick Ornstien, Vice President Energy for dmg events, said: “The postponement of Gastech 2020 gives the gas, LNG and wider energy industries greater scope to assess the impact of COVID-19 on energy demand and identify market growth opportunities, as the world moves towards a carbon neutral energy landscape.” 

“Gastech has a proven power to convene energy policy makers and industry leaders, which will be crucial as economies recover and demand for gas increases, post COVID-19.  Gastech 2021 will help shape a roadmap for collective and individual actions and provide opportunities to identify future solutions and strategies.

“We are confident, with the support of our partners in Singapore, our sponsors, and the industry, we will overcome this latest challenge, enabling the gas, LNG and energy industries to set the lower carbon energy agenda for the next decade and continue to play key roles in people’s lives and global economic prosperity,” Ornstien added.

In addition to September’s virtual conference and to ensure Gastech continues to play a crucial role at the heart of the global gas industry, Gastech will produce a series of webinars, industry newsletters and unique networking opportunities to deliver insightful and relevant content to connect the industry with the challenges and opportunities shaping the carbon neutral agenda, in the run up to Gastech 2021.

The choice of Singapore to host Gastech 2021 reflects the shifts Asian economies are making towards natural gas and LNG to meet their energy needs. While global LNG demand is forecast to double to 700 million tonnes by 2040, South and South-east Asia will generate more than half of the increased demand. China, India, Indonesia, Malaysia, the Philippines and Vietnam have all seen increased investment in gas infrastructure for commercial and domestic use.

Satvinder Singh, Assistant Chief Executive Officer of Enterprise Singapore said: “We look forward to the reconvening of Gastech in September 2021 – a more opportune time for markets’ recovery and growth of new demand in Asia Pacific.

“The LNG sector continues to be resilient, even in this challenging period, with more LNG trading, or business development companies establishing a presence in Singapore this year, compared to last year. Safety, nonetheless, comes first and we look forward to bringing together the LNG fraternity, at Gastech 2021, a global platform for the energy industry.”

Andrew Phua, Executive Director of Exhibitions and Conferences, Singapore Tourism Board said: “We understand the decision to postpone Gastech, in light of the COVID-19 situation, and are committed to working closely with them to support the continued success of Gastech 2021. We remain confident in Singapore’s strong reputation as a preferred MICE destination and we look forward to welcoming Gastech delegates to Singapore next year.”

Taking place in Singapore, from September 13-16, Gastech 2021 will be attended by more than 35,000 attendees, including senior decision-makers and energy industry thought leaders, and over 700 exhibiting companies, who will set the agenda for the global gas, LNG and energy industries for decades to come.

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SOURCE dmg events