ForeFront Power Develops Six New Solar Projects in Illinois, for a Grand Total of 22.9 MWdc in Three Years Incentivized by the Illinois Adjustable Block Program

The New Projects Include the Largest Solar-Powered System at a School District in Illinois and an On-Site System for a Global Tier One Auto Supplier

SAN FRANCISCO, Oct. 27, 2020 /PRNewswire/ — ForeFront Power, a leading developer of distributed solar and energy storage projects in the U.S., today announced the completion of six solar projects in Illinois, adding 6.6 megawatts-DC (MWdc) / 5.5 megawatts-AC (MWac) of distributed power generation in McHenry and Marion Counties. Including these six new rooftop and ground-mount projects, ForeFront Power has now developed a total of 22.9 MWdc of solar energy projects in Illinois, resulting in $46.7 million dollars of investment in the state. All of these projects received incentives through the state’s Adjustable Block Program (ABP), which was established by the Future Energy Jobs Act to support the development of new photovoltaic distributed generation and community solar projects in Illinois.

“We’re proud to help the State of Illinois push toward its target of 25 percent renewable energy by the end of 2025. Thanks to the Adjustable Block Program, the six Aisin and Huntley solar energy projects have collectively generated 71 family-supporting jobs in the state this year, and will save these two customers millions of dollars,” said Rachel McLaughlin, vice president of sales and marketing at ForeFront Power. “We continue to see strong demand from customers who are excited to adopt locally sourced energy and to save on their electricity bills. Unfortunately, unless the renewable energy funding cliff is fixed in Springfield, continued development in the state looks infeasible for the next several years.”

The ABP allows qualifying new distributed generation projects to sell solar renewable energy credits (SRECs) to local utilities, which significantly reduces the cost of the generated energy.  The SRECs are then retired to count toward Illinois’ renewable energy goals.

About the Aisin and Huntley Portfolios  

Midwest Wind and Solar served as ForeFront Power’s engineering, procurement, and construction (EPC) partner on the Aisin portfolio, while SolAmerica served as the EPC partner for the Huntley projects. The vast majority of the jobs created on these six solar projects were union jobs.

The Aisin Portfolio

Located 300 miles south of Chicago in Marion, Ill., the Aisin portfolio includes three solar energy projects with power sold to Aisin Illinois, subsidiary of global Tier One auto supplier, AISIN Group. The clean electricity from more than 2,900 solar panels will power manufacturing operations at Aisin MFG Illinois, Aisin Electronics Illinois, and Aisin Light Metals. Aisin Group employs 110,000 employees globally across its companies and has set a carbon reduction target of 59.9 tons of carbon dioxide per million sales dollars.

“We’re not just cutting emissions and costs with solar. We’re creating a more sustainable society and better serving the communities in which we operate,” said Jeff Copeland, general manager of environmental safety and energy at Aisin World Corp. of America. “We’re helping our customers and our local utility meet sustainability targets as well. All in all, investing in solar energy makes us a better community partner.”

The Huntley Portfolio

The Huntley Portfolio constitutes the largest solar-powered system at a school district in the State of Illinois, spanning three ground-mounted solar installations across three campuses in Huntley Community School District 158. Huntley has been one of the fastest-growing school districts in Illinois over the past decade, today serving 8,900 PreK-12 students and employing more than 1,400 staff members. This 5.5 MWdc portfolio of solar projects announced in January 2020 will offset 12.3 million pounds of carbon emissions.

“In our 100th year of existence, Huntley 158 is delighted to further our legacy of innovation by powering our operations with cost-effective, clean electricity from 15,100 solar panels,” said Dr. Scott Rowe, superintendent of Huntley 158. “We maintain among the lowest per-pupil spending rates in all of Northern Illinois, and we see the millions of dollars in utility bills saved thanks to these projects as an opportunity to reinvest taxpayer dollars directly into student education, allowing us to more effectively educate tomorrow’s leaders.”

About ForeFront Power

ForeFront Power is one of the fastest-growing solar and energy storage companies in the U.S., now ranked a top 10 player nationally in commercial solar development and asset management according to energy research firm Wood Mackenzie. The ForeFront Power team holds more than a decade of experience working together across nearly one gigawatt (GW) of renewable electricity, spanning more than 1,300 distributed generation and community solar projects. Serving business, the public sector, and community solar customers in the U.S. and Mexico, ForeFront Power is headquartered in San Francisco, with offices in New York City and Mexico City. ForeFront Power is a wholly owned subsidiary of Mitsui & Co. Ltd., a global energy infrastructure and investment leader with a robust balance sheet and an “A” credit rating from Standard & Poor’s. For more information, visit forefrontpower.com.

About Aisin Group

AISIN Group is the sixth largest global Tier One supplier of automotive components and systems such as brakes, transmissions, navigation systems, drivetrain, chassis, body, engine-related parts, electronics and intelligent transportation systems, and the largest transmission manufacturer in the world. A $35 billion company, AISIN Group has over 200 consolidated companies and employs approximately 110,000 people. In the Americas, AISIN Group companies include 14,000 employees, 36 manufacturing, sales, and research and development centers, including Aisin Technical Center of America located at the North American headquarters in Northville, Mich., and FT-Techno of America, the company’s 950-acre test track and proving ground in Fowlerville, Mich.

About Huntley School District 158

Located in McHenry and Kane counties of northern Illinois, Huntley School District 158 serves 8,900 students in Pre-Kindergarten through grade 12, residing in Huntley, western portions of Lake in the Hills and Algonquin, and surrounding areas.  The District employs more than 1,400 staff members and has been one of the fastest-growing school districts in Illinois over the past two decades. The District gained renown for its campus-concept idea, devised to accommodate the huge population growth it experienced in the 2000s. Over that period, the District transformed from a one elementary/one high school district to its current five elementary schools, two middle schools, and one high school, located on three campuses. Huntley 158 has been recognized as a leader at state and national levels for bringing innovation to K-12 education, while at the same time maintaining among the lowest per-pupil spending rates in all of Northern Illinois.

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SOURCE ForeFront Power

Vistra Announces Quarterly Dividend

IRVING, Texas, Oct. 27, 2020 /PRNewswire/ — Vistra (NYSE: VST) announced today that its Board of Directors has declared a quarterly dividend of $0.135 per share of Vistra’s common stock, or $0.54 per share on an annualized basis. Consistent with the dividend paid in September 2020, this dividend represents an 8% increase from the company’s quarterly common stock dividend paid in 2019.  The dividend is payable on Dec. 30, 2020, to shareholders of record as of Dec. 16, 2020. The ex-dividend date will be Dec. 15, 2020.

Media
Meranda Cohn
214-875-8004
Media.Relations@vistracorp.com

Analysts
Molly Sorg
214-812-0046
Investor@vistracorp.com

About Vistra

Vistra (NYSE: VST) is a leading, Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving nearly 5 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is the largest competitive residential electricity provider in the country and offers over 40 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, the company is a large purchaser of wind power. The company is currently constructing a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, which will be the largest of its kind in the world when it comes online. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about Vistra’s environmental, social, and governance efforts and read the company’s sustainability report at https://www.vistracorp.com/sustainability/

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SOURCE Vistra

PHX MINERALS INC. Announces Dividend Payment

OKLAHOMA CITY, Oct. 27, 2020 /PRNewswire/ — PHX MINERALS INC., formerly Panhandle Oil and Gas Inc., “PHX,” (NYSE: PHX), announced that its Board of Directors approved a payment of one cent per share quarterly dividend at its Oct. 23, 2020, meeting. The dividend will be payable on Dec. 7, 2020, to shareholders of record on Nov. 23, 2020.

PHX Minerals Inc. (NYSE: PHX) Oklahoma City-based, PHX Minerals Inc. is an oil and natural gas mineral company with a strategy to proactively grow its mineral position in our core areas of focus. PHX owns approximately 253,000 net mineral acres principally located in Oklahoma, North Dakota, Texas, New Mexico and Arkansas. Approximately 71% of this mineral count is unleased and undeveloped. Additional information on PHX can be found at www.phxmin.com.

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SOURCE PHX MINERALS INC.

Permian Basin Royalty Trust Announces June Cash Distribution

DALLAS, June 19, 2020 /PRNewswire/ — Simmons Bank, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) (“Permian”) today declared a cash distribution to the holders of its units of beneficial interest of $0.001819 per unit, payable on July 14, 2020, to unit holders of record on June 30, 2020.

Effective for the production month of April, Blackbeard Operating, the new operator of the Waddell Ranch properties, has assumed the reporting responsibilities to Permian Basin Royalty Trust  (the “Trust”), starting this month. However, they have elected to report the activity of their operations to the Trust on a quarter by quarter basis, not on the month by month basis as elected by the previous operator(s), although, they still have the obligation to pay monthly of any NPI proceeds. That being the case, the trustee will report and distribute from the Waddell Ranch properties on a monthly basis, as there may be proceeds coming forth.

Please be advised that the Texas Royalty Properties will continue to report on a monthly basis, assuming there are net profits to be had from those assets. The Trust will continue to make monthly announcements concerning what activity has been reported for that month.

This month’s distribution decreased from the previous month due primarily to a significant decline in pricing for oil and gas across the industry. The Trust was advised by Blackbeard that the Waddell Ranch properties were in deficit for the month of April, however not providing details as to production levels or pricing received. As quarterly reporting occurs, we will provide this on a month by month level, if possible, for the Waddell Ranch. The Texas Royalty Properties reflected a decrease in oil production offset by a slight increase in gas production. Also, pricing for both oil and gas for the Texas Royalty Properties both experienced a significant decrease. This reflects the production month of April.

WADDELL RANCH
As stated above, there was no information provided by Blackbeard Operating for the Waddell Ranch Properties for the month of April. With the quarterly reporting starting in July for the quarter of April-June, the resulting announcements would follow with the August announcement of activity for the Waddell Ranch. Until then, the trustee will simply be advised by Blackbeard as to what is to be reported.

TEXAS ROYALTY PROPERTIES
Production for the underlying properties at the Texas Royalties was 21,229 barrels of oil and 17,337 Mcf of gas. The production for the Trust’s allocated portion of the Texas Royalties was 15,285 barrels of oil and 12,515 of gas. The average price for oil was $21.19 per bbl and for gas was $1.44 per Mcf. This would primarily reflect production and pricing for the month of April for oil and the month of March for gas. These allocated volumes were impacted by the pricing of both oil and gas. 

This production and pricing for the underlying properties resulted in revenues for the Texas Royalties of $474,839. Deducted from these were taxes of $130,316 resulting in a Net Profit of $344,523 for the month of May. With the Trust’s Net Profit Interest (NPI) of 95% of the Underlying Properties, this would result in net contribution by the Texas Royalties of $327,297 to this month’s distribution. 

 

Underlying Properties

 

Net to Trust Sales

Volumes

Volumes

Average

Price

Oil

(bbls)

Gas

(Mcf)

Oil

(bbls)

Gas

(Mcf)

Oil

 (per bbl)

Gas

(per Mcf)

Current Month

Waddell Ranch

0***

0***

0***

0***

0***

0***

Texas Royalties

21,229

17,337

15,285

12,515*

$21.19

$1.44**

Prior Month

Waddell Ranch

48,557

270,746

6,669

38,547*

$28.55

$0.34**

Texas Royalties

23,468

14,729

19,571

12,288*

$38.65

$2.42**

*These volumes are the net to the trust, after allocation of expenses to Trust’s net profit interest, including any prior period adjustments.
**This pricing includes sales of gas liquid products.
*** Blackbeard Operating reported that Waddell Ranch was in a deficit for the month of April.

General and Administrative Expenses deducted for the month were $242,961 resulting in a distribution of $84,811 to 46,608,796 units outstanding, or $0.001819 per unit.

The worldwide market conditions continue to affect the pricing for domestic production. It is difficult to predict what effect these conditions will have on future distributions.

The 2019 Annual Report with Form 10-K and the January 1, 2020 Reserve Summary is now available on Permian’s website. Permian’s cash distribution history, current and prior year financial reports, tax information booklets, and a link to filings made with the Securities and Exchange Commission, all can be found on Permian’s website at http://www.pbt-permian.com/. Additionally, printed reports can be requested and are mailed free of charge.

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SOURCE Permian Basin Royalty Trust

Peak Demand for Fossil Fuels in 2019 Has Become a Real Possibility

New Analysis by Boston Consulting Group Reveals That the COVID-19 Crisis May Have Accelerated Peak Demand for Fossil Fuel by More Than a Decade, Causing It to Reach Its Zenith in 2019

BOSTON, June 22, 2020 /PRNewswire/ — As the short-term economic fallout of the global COVID-19 pandemic becomes increasingly visible, recent research by Boston Consulting Group (BCG) suggests that the crisis may have a significant long-term impact on global energy markets. Most notably, it may have caused demand for fossil fuels to reach its peak last year. BCG’s article, titled Have We Passed Peak Demand for Fossil Fuels? explores energy scenarios through 2030.

BCG’s analysis of the future energy demand and energy mix for three economic scenarios, representing V-, U-, and L-shaped recoveries, points to a high likelihood that the current crisis will significantly slow world fossil fuel demand over the coming decade. In a scenario combining slower economic recovery with moderate acceleration of the transition from fossil fuels to renewables, as suggested by the “green recovery” measures currently introduced in many countries, demand would never recover beyond 2019 levels.

In such a scenario, the impact would differ by commodity and by region. Coal is the fossil fuel least likely to recover, BCG expects. Meanwhile, demand for natural gas is likely to resume a growth path, and the trajectory for oil will put it somewhere between the other two.

“We may have reached a critical turning point for energy markets. The economic impact of the coronavirus pandemic, decreasingly energy-intensive economic growth, and continued investments in sustainable energy are hitting fossil fuel demand,” said Patrick Herhold, a managing director and partner at BCG. “This would fundamentally change the reality for many energy companies much earlier than they expected.”

Depending on the recovery scenario, energy companies’ margins and capital market standing will come under pressure. They will need to reduce costs and increase resilience against a longer-term environment of low prices, while at the same time accelerating efforts to transform their business portfolios, operations, and investment.

In the fight against climate change, reaching the crest of “peak fossil fuel” demand is no reason for complacency. “Peak demand for fossil fuels may be behind us, but not necessarily for the right reasons,” said Jens Burchardt, an associate director at BCG. “If we do not fundamentally transform our economy, projected emissions remain incompatible with a 1.5°C or 2°C path. A low-price environment for fossil fuels will not make this transformation easier.”

A copy of the article can be downloaded here.

To arrange an interview with one of the authors, please contact Eric Gregoire at +1 617 850 3783 or gregoire.eric@bcg.com.

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation—inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.

To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

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SOURCE Boston Consulting Group (BCG)

McDermott Awarded Pre-FEED for NET Power UK Project

– McDermott awarded Pre-FEED contract from 8 Rivers Capital- NET Power UK represents key step toward carbon neutral power production- Leverages McDermott’s extensive engineering expertise to create tangible, sustainable solutions

HOUSTON, June 22, 2020 /PRNewswire/ — McDermott International, Inc. today announced it has been awarded a *sizeable Pre Front End Engineering Design (preFEED) contract from 8 Rivers Capital for their NET Power UK project with the UK Department for Business, Energy and Industrial Strategy. The project will generate a UK-specific NET Power design, which 8 Rivers is seeking to then deploy at multiple locations, including at a Teesside site in the United Kingdom located 10 miles (17km) East of Middlesbrough.

NET Power is a collaboration between McDermott, 8 Rivers Capital, Exelon Generation and Oxy Low Carbon Ventures. Its goal is to design a new way to generate power from hydrocarbons without releasing CO2 into the atmosphere, paving the path to decarbonized economic growth.

McDermott and 8 Rivers have a longstanding relationship and have worked together on a number of prospective projects, including a NET Power test plant facility in 2016. Their mutual and aligned sustainability focus has led to a successful track record of project delivery.

“We are pleased to once again be collaborating with 8 Rivers to support the Energy Transition by reducing greenhouse gas emissions and contributing to net zero ambitions in line with the Paris agreement,” said Tareq Kawash, Senior Vice President Europe, Africa, Russia and Caspian. “With a focus on more sustainable industrial processes, like carbon capture and storage, we are harnessing our extensive engineering expertise to create tangible solutions for our stakeholders—including our customers, employees and communities.”

The engineering and design work will be executed from McDermott’s offices in London, UK and supported by the Charlotte, North Carolina office.

Work on the contract will begin immediately and the contract award will be reflected in McDermott’s second quarter 2020 backlog.

* – McDermott defines a sizeable contract as between USD $1 million and $50 million.

About McDermott
McDermott is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. It is called the “One McDermott Way.” Operating in over 54 countries, McDermott’s locally focused and globally integrated resources include more than 42,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

Forward-Looking Statements
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, McDermott cautions that statements in this press release which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties that may impact McDermott’s actual results of operations. These forward-looking statements include, among other things, statements about backlog, to the extent backlog may be viewed as an indicator of future revenues or profitability, and about the expected scope, execution and timing of the project discussed in this press release. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit markets, our inability to successfully execute on contracts in backlog, changes in project design or schedules, the availability of qualified personnel, changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties, changes in industry norms and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. For a more complete discussion of these and other risk factors, please see McDermott’s annual and quarterly filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2019 and subsequent quarterly reports on Form 10-Q. This press release reflects management’s views as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

Contacts:

Investor Relations
Kevin Hargrove
Vice President and Treasurer
+1 281 870 5569
KHargrove@McDermott.com

Global Media Relations
Gentry Brann
Senior Vice President, Communications, Marketing and Administration
+1 281 870 5269                                             
Gentry.Brann@McDermott.com

Local Media Relations
Zoe Keenan
Communications Manager, Europe, Africa, Russia and Caspian
+44 7917 581 727
zakeenan@mcdermott.com

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SOURCE McDermott International, Inc.

Solar Frontier Americas Changes Name To Idemitsu Renewables

SAN FRANCISCO, June 22, 2020 /PRNewswire/ — Solar Frontier Americas (SFA), announced it is changing its name to Idemitsu Renewables.  Idemitsu Renewables is the US-based renewable energy business of Idemitsu Kosan Co.,Ltd. (Idemitsu, pronounced “ee-deh-mee-tsu”), one of the largest energy companies in Japan, following the 2019 merger of Idemitsu and Showa Shell Sekiyu K.K.

“The new name underscores Idemitsu Kosan’s commitment to expanding its U.S. renewable energy business by leveraging its significant balance sheet to accelerate growth in the vibrant U.S. solar and storage sectors,” said Cary Vandenberg, Managing Director of Idemitsu Renewables. “Idemitsu’s strong support will hasten the growth of our independent power producer (IPP) and development business and bolster our national expansion through acquisitions of solar and storage projects, co-development partnerships, and greenfield development activities.”

With offices in San Francisco and Reno, Idemitsu Renewables develops, finances, owns and operates utility-scale solar and storage projects. The company first developed and built projects in California and has expanded development on a national scale with emphasis on the western states and PJM markets. Idemitsu Renewables currently manages a multi-gigawatt portfolio in various stages of development.

“Idemitsu Kosan has a 109-year history of success and innovation with strong international expertise. Our vision today is toward a diversified and resilient energy platform that better serves the world. Renewable energy is one of our two strategic areas for growth and we have a 4-gigawatt renewable energy portfolio goal with the majority of this level coming from Idemitsu Renewables,” commented Shunichi Kito, Representative Director and CEO of Idemitsu.

About Idemitsu Renewables (formerly Solar Frontier Americas)

Idemitsu Renewables, the U.S. based renewable energy subsidiary of Idemitsu Kosan Co.,Ltd, is a leading solar and energy storage developer and independent power producer. The company acquires, develops, owns, and operates utility-scale solar power generation plants and sells clean energy to help communities both economically and ecologically. With offices in California and Nevada, Idemitsu Renewables continues to develop its growing pipeline of energy projects. Learn more at http://idemitsurenewables.com/.

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SOURCE Solar Frontier Americas

Nesco Holdings, Inc. Appoints New Chief Financial Officer

FORT WAYNE, Ind., June 8, 2020 /PRNewswire/ — Nesco Holdings, Inc. (NYSE: NSCO, “Nesco” or the “Company”), a leading provider of specialty rental equipment to the electric utility, telecom and rail infrastructure end-markets, announced today that Joshua A. Boone will be joining Nesco as Chief Financial Officer. He will join Nesco on June 15, 2020.

Mr. Boone joins Nesco as an experienced public company Chief Financial Officer with broad experience in corporate and operational finance, and a track record of building and leading successful finance departments. Prior to joining Nesco, Mr. Boone was Executive Vice President and Chief Financial Officer of Patrick Industries, Inc., a publicly traded major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing and industrial markets. He has additional experience as Chief Financial Officer for Pretzels, Inc. and served in several leadership positions in finance and accounting at Brunswick Corporation.

“We are extremely pleased to announce the addition of Josh to our senior leadership team,” said Lee Jacobson, Chief Executive Officer of Nesco. “Josh brings significant experience leading the financial, M&A and investor relations functions of a public company, which will be beneficial to Nesco as we execute our plans to expand the fleet and opportunistically seek compelling strategic acquisitions to grow our platform.”

Mr. Boone stated, “I’m looking forward to joining Nesco, leading the finance organization and partnering with the senior leadership team and the Board to help propel the Company to the next level and drive long-term shareholder value.”

Mr. Boone will be based out of Nesco’s headquarters in Fort Wayne.

ABOUT NESCO

Nesco is one of the largest providers of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America. Nesco offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets including electric lines, telecommunications networks and rail systems. Nesco’s coast-to-coast rental fleet of over 4,600 units includes aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear and hi-rail equipment. For more information, please visit investors.nescospecialty.com.

FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and 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.  When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Nesco’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in this press release. This press release is based on certain assumptions that Nesco has made in light of its experience in the industry as well as Nesco’s perceptions of historical trends, current conditions, expected future developments and other factors Nesco believes are appropriate in these circumstances. As you read and consider this press release, you should understand that these statements are not guarantees of performance or results. Many factors could affect Nesco’s actual performance and results and could cause actual results to differ materially from those expressed in this press release. All forward-looking statements attributable to Nesco or persons acting on their behalf are expressly qualified in their entirety by the foregoing cautionary statements. Important factors, among others, that may affect actual results or outcomes include: the impact of the COVID-19 pandemic on Nesco’s business and operations as well as the overall economy; Nesco’s ability to execute on its plans to develop and market new products and the timing of these development programs; Nesco’s estimates of the size of the markets for its solutions; the rate and degree of market acceptance of Nesco’s solutions; the success of other competing technologies that may become available; Nesco’s ability to identify and integrate acquisitions, including Nesco’s ability to integrate its acquisition of Truck Utilities and realize the anticipated benefits thereof; the performance and security of Nesco’s services; potential litigation involving Nesco; and general economic and market conditions impacting demand for Nesco’s services. For a more complete description of these and other possible risks and uncertainties, please refer to Nesco’s Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the Securities and Exchange Commission on March 16, 2020, as updated by Nesco’s quarterly reports on Form 10-Q.

 

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SOURCE Nesco Holdings, Inc.

Radical Innovations Transforming Upstream Oil & Gas Industry – Process Optimization and Sustainability to Play a Pivotal Role in Shaping the Future

DUBLIN, May 28, 2020 /PRNewswire/ — The “Radical Innovations Transforming Upstream Oil & Gas Industry” report has been added to ResearchAndMarkets.com’s offering.

The introduction of unconventional fuel systems including shale gas, bio-fuels along cut-throat geopolitical barriers including the Saudi-Russia oil price war has infused a volatile business scenario. The effect of these major disruptions has resulted in price volatility across the world. Besides, the introduction of the International Maritime Organization (IMO) 2020 regulations has strictly mandated desulfurization across the marine sector that has compelled oil & gas operators to restructure and sustainably organize their business and technological enhancements.

Companies including BP, Shell, and other oil & gas industry players have proactively assessed the underlying challenges and have initiated projects and programs directed towards technological & strategic developments to address the challenges. Also, various technology-oriented companies and associated digital technology developers have continuously been working towards the development of autonomous technologies and IIOT driven platforms to support and enhance operational performance and cost reduction.

Since the last few years, the O&G industry has undergone a visionary change from a conventional ecosystem into a digitized and circular business platform. The research study focuses on four key factors where digitization, autonomous process developments, strategic implementations to averse risk, and enhancing operational efficiency will play a major role in shaping the industry sustainability.

Key Topics Covered:

1.0 Executive Summary
1.1 Research Scope
1.2 Research Process and Methodology
1.3 Research Methodology Explained
1.4 Key Findings

2.0 Overview of Innovations Transforming Upstream Oil & Gas Industry
2.1 (IIOT)-based Solutions along with Innovative Business Platforms to Shape the Future
2.2 Life Cycle Management, Digitization, and Process Optimization to Form the Basis for Long-term Sustainability
2.3 Changing Trends in Supply and Demand that Reshape the Industry Dynamics
2.4 Potential Value of Critical Development Initiatives in the Oil & Gas Industry

3.0 Key Trends Defining the Oil & Gas Critical Development Themes
3.1 Process Optimization and Sustainability
3.1.1 Process Optimization and Sustainability to Play a Pivotal Role in Shaping the Future
3.1.2 Three Primary Pillars to Future Business Enhancement
3.1.3 Unmanned Operations by Autonomous Technologies (Case Study)
3.2 Connected Asset Life Cycle Managementand Digitally Collaborative Value Chain
3.2.1 Digital Initiatives in the Upstream Industry
3.2.2 Recent Funding Deals Secured by Companies Offering Digital Solutions for the Oil & Gas Industry
3.2.3 Recent Digital Technology Investments Made by Oil & Gas Stakeholders
3.2.4 China Holds Ownership to About 45% of the Global Patents Related to Digital Innovations in Oil & Gas Sector
3.2.5 Logging While Drilling (LWD) and Cloud-Based Operations to Energize the Industry Outlook (Case Study)
3.2.6 Predictive Maintenance and Smart Pipeline Inspection to Streamline Operational Parameters (Case Study)
3.2.7 Wearables and Industrial Mobility Tools to Ensure Safety and Productivity (Case Study)
3.2.8 Common Trading Platform and 3D Printing for Effective Operational Performance (Case Study)
3.2.9 Blockchain Technology to Ease Commodity Trading (Case Study)

4.0 Innovations Shaping a Robust Future for Oil & Gas Companies
4.1 Disruptive Drilling and Pumping Innovations Fueling the Oil & Gas Industry
4.2 Disruptive Data Analytics Innovations for Oil & Gas Sector
4.3 Disruptive Aerial Imagery Innovations for Oil & Gas Sector
4.4 Disruptive Blockchain and Cybersecurity Innovations for Oil & Gas Sector

5.0 Growth Opportunities and Insights across the Oil & Gas Industry
5.1 Strategies for the Industry to Promote Radical Innovations
5.2 Strategies for Governments to Promote Radical Innovations

6.0 Impact Assessment of COVID-19 on the Oil & Gas Industry
6.1 Dropping Demand and Crashing Oil Prices to Concern Industry Participants

7.0 Key Contacts
7.1 Key Industry Influencers

Companies Mentioned

  • BP
  • Shell

For more information about this report visit https://www.researchandmarkets.com/r/7syqkr

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SOURCE Research and Markets

Covanta Holding Corporation to Attend Institutional Investor Conferences in June

MORRISTOWN, N.J., May 28, 2020 /PRNewswire/ — Covanta Holding Corporation (NYSE: CVA) (“Covanta” or the “Company”), a world leader in sustainable waste management and renewable energy, is scheduled to participate in the following virtual institutional investor conferences in June:

UBS Virtual Global Industrials & Transportation Conference on Tuesday, June 2, 2020. Bradford Helgeson, Chief Financial Officer, will be speaking at 9:10AM (Eastern). Bradford Helgeson and Dan Mannes, Vice President of Investor Relations will also be holding meetings at the event.

Stifel Virtual Cross Sector Insight Conference on Wednesday, June 10, 2020. Bradford Helgeson, Chief Financial Officer, will be speaking at 3:20PM (Eastern). Bradford Helgeson and Dan Mannes, Vice President of Investor Relations will also be holding meetings at the event.

A live webcast of Covanta’s presentation will be available for both conferences and can be found in the Investor Relations – Events & Presentations section of the Covanta website at
https://investors.covanta.com/events-and-presentations.

About Covanta
Covanta is a world leader in providing sustainable waste and energy solutions.  Annually, Covanta’s modern Waste-to-Energy (“WtE”) facilities safely convert approximately 21 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle 500,000 tons of metal. Through a vast network of treatment and recycling facilities, Covanta also provides comprehensive industrial material management services to companies seeking solutions to some of today’s most complex environmental challenges. For more information, visit www.covanta.com.

Cautionary Note Regarding Forward-Looking Statements 
Certain statements in this press release may constitute “forward-looking” statements as defined in Section 27A of the Securities Act of 1933 (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”), the Private Securities Litigation Reform Act of 1995 (the “PSLRA”) or in releases made by the Securities and Exchange Commission (“SEC”), all as may be amended from time to time. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Covanta Holding Corporation, its subsidiaries and joint ventures or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements that are not historical fact are forward-looking statements.  For additional information see the Cautionary Note Regarding Forward-Looking Statements in the Company’s 10-K, previously filed with the Securities and Exchange Commission.

 

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SOURCE Covanta Holding Corporation