Vistra Commits $10 Million to Organizations Working for Social Justice and Equity

Company’s multi-year commitment focuses on minority-owned small businesses, economic development, and educationIn addition, Vistra is engaging employees to talk about race in the workplace to further its diversity and inclusion policies and programs

IRVING, Texas, June 22, 2020 /PRNewswire/ — Vistra (NYSE: VST) today announced that it is committing $10 million over the next five years to support the advancement of minority communities.

“I think it is pretty simple: Companies have an obligation to ensure an equitable workplace and to help our communities – whether faced with a pandemic, a natural disaster, or inequality and social injustice. Vistra does not see the issues plaguing our country through a political lens; we see it through our people, our communities, and our customers,” said Curt Morgan, president and CEO of Vistra. “We must acknowledge that, for some people in our society, there are fewer opportunities and resources, and we are determined to change that. It’s the right thing to do.”

This investment is a reaffirmation and extension of existing efforts, which focus on national, state, and local organizations that grow minority-owned small businesses, enhance economic development, and provide and improve educational opportunities for students from diverse backgrounds. Today’s announcement is consistent with the key focus areas of the company’s giving policy and builds upon Vistra’s donations in excess of $30 million over the past several years to benefit low-income and minority communities.

“When deciding where to put our focus, we looked to those areas where we believe Vistra can have the most impact – investing in people through education and economic development. When small businesses thrive in minority neighborhoods, they not only provide access to goods and services to local residents, they can transform communities for the better. As an electricity supplier to small businesses, we want to see them flourish,” Morgan continued. “We’re passionate about helping young people and developing the next generation of professionals. It starts with access to quality education.” 

Vistra is immediately making donations totaling nearly $1.5 million to a number of proven organizations that impact the communities where the company operates. Ongoing donations will be made in the coming weeks, months, and years.

Examples of Vistra’s initial efforts include:

Small Businesses & Economic Development

  • Providing immediate relief to rebuild minority-owned small businesses and invest in their long-term growth through national and state organizations and their local affiliates like the National Minority Supplier Development Council, Black Chambers of Commerce, and Hispanic Chambers of Commerce
  • Supporting the communities where Vistra has operations, through the National Urban League and its affiliates in Chicago, Cincinnati, Columbus, Houston, St. Louis, Pittsburgh, and Philadelphia
  • Expanding our mentoring and pro-bono consulting services for minority-owned small businesses

Education

  • Establishing endowed scholarships for historically black colleges and universities (HBCUs) and those with significant multi-cultural student bodies, including Prairie View A&M University, Paul Quinn College, and Texas State Technical College located in Vistra’s home state of Texas
  • Advancing access to education and opportunities through the United Negro College Fund in Dallas and Tarrant County
  • Fostering the educational advancement of Hispanic students through the Hispanic Scholarship Fund
  • Supporting early childhood literacy and kindergarten readiness through our sustained and sizeable donations from our company and employees to the United Way and its Strong Start Initiative 
  • Partnering and volunteering with elementary schools in low-income and minority communities

Vistra’s Commitment to Diversity and Inclusion in the Workplace
Vistra has long recognized the value of a diverse workforce. The company has always aimed to create and maintain an environment where differences are valued and respected, which enhances Vistra’s ability to recruit and retain the best talent in the marketplace and to better understand and serve our customers.

“It has been an emotional few weeks for the Vistra family and we have had to reflect on where we are in our journey for social justice and equity. The reality is that we all can and must do more. We cannot delegate change to others; it starts with us. We all spend a significant part of our lives working and we want to work for a company that values us equally and provides a fair path to achieving our career aspirations. To that end, we are doubling down on our efforts to ensure our company culture is one where there’s mutual respect and each individual’s unique characteristics and skills are valued,” said Morgan.

Internally, Vistra is holding sessions where members of the leadership team come together in small groups with employees to listen to their thoughts and experiences on race in their lives and within the workplace.

“We recognize that our people, like people across the country, are hurting and frustrated. They’re also searching for ways to make a difference and show support. It’s important that we create a safe space for our valued employees to talk about their experiences and the role race has played in their careers, and to share ideas of how Vistra can be better,” said Carrie Kirby, chief administrative officer for Vistra. “Our leadership team is listening and learning, and we’ll take what we hear to better our formal diversity and inclusion policies and programs in our workplace. We are convinced we will be a better company for all of our stakeholders as a result.”

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

About Vistra
Vistra (NYSE: VST) is a premier, integrated, Fortune 275 energy 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 our environmental, social, and governance efforts and read the company’s sustainability report at https://www.vistraenergy.com/sustainability/

 

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SOURCE Vistra Energy

Kimbell Royalty Partners Announces Timing of Second Quarter 2020 Earnings Release and Conference Call

FORT WORTH, Texas, June 22, 2020 /PRNewswire/ — Kimbell Royalty Partners, LP (NYSE: KRP) (“Kimbell”), a leading owner of oil and natural gas mineral and royalty interests in more than 96,000 gross wells across 28 states, today announced it will release its second quarter 2020 financial results on Thursday, August 6, 2020, before the market opens.  In conjunction with the release, Kimbell has scheduled a conference call, which will be broadcast live over the Internet the same day at 10:00 a.m. Central (11:00 a.m. Eastern).

By Phone: 

Dial 201-389-0869 at least 10 minutes before the call.  A replay will be available through August 13, 2020, by dialing 201-612-7415 and using the conference ID: 13704472#.

By Webcast: 

Connect to the webcast via the Events and Presentations page of Kimbell’s Investor Relations website at http://kimbellrp.investorroom.com/.  Please log in at least 10 minutes in advance to register and download any necessary software.  A replay will be available shortly after the call.

About Kimbell Royalty Partners

Kimbell (NYSE: KRP) is a leading oil and natural gas mineral and royalty company based in Fort Worth, Texas.  Kimbell owns mineral and royalty interests in approximately 13 million gross acres in 28 states and in every major onshore basin in the continental United States, including ownership in more than 96,000 gross wells with over 40,000 wells in the Permian Basin. To learn more, visit http://www.kimbellrp.com.

Contact:
Rick Black
Dennard Lascar Investor Relations
krp@dennardlascar.com
(713) 529-6600

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SOURCE Kimbell Royalty Partners, LP

Preparing for Increased Electrical Demands for Health Facilities in Developing Countries Due to COVID-19

HOMER Energy by UL updates online microgrid modeling tool Powering Health under a contract with the World Bank

BOULDER, Colo., June 8, 2020 /PRNewswire/ — HOMER Energy by UL, global leader in the development of standard-setting energy modeling software, partnered with the World Bank to update “Powering Health” (http://poweringhealth.homerenergy.com). This free online HOMER microgrid modeling tool helps developing countries improve the capacity and reliability of power systems to meet the increased demands of caring for patients with COVID-19 (novel coronavirus).

Due to the expected increase in electrical demand, the World Bank contracted HOMER Energy by UL to update the tool with data for the medical equipment needed for COVID-19 patient care. To meet the urgent need for preparedness, the project was fast-tracked and completed at the end of May 2020.

Initially developed fifteen years ago through a partnership with USAID, the online tool makes it easy for non-engineers to plan hybrid renewable energy systems by finding the least-cost power system to meet the electrical requirements of essential medical equipment. The new update will help health facilities ranging from rural clinics to district and referral hospitals plan for and respond more effectively to the treatment needs of patients with COVID-19.

Powering Health is a web-based version of HOMER that is customized for modeling the energy requirements of rural health clinics and hospitals. The software platform models stand-alone or grid-connected hybrid renewable energy systems that integrate batteries, diesel engines and solar photovoltaic (PV) panels.

The updates to Powering Health were funded by the World Bank’s Energy Sector Management Assistance Program (ESMAP) with technical support from U.S. Agency for International Development (USAID) and We Care Solar, as well as contributions from numerous experts.

“Reliable, least-cost electrical power enables countries and people to better manage emergency situations. We are so pleased to work with the World Bank to quickly update the ‘Powering Health’ tool to meet the pressing health care needs created by the COVID-19 pandemic,” said Peter Lilienthal, Ph.D., CEO of HOMER Energy by UL and global microgrid lead, UL.

The World Bank recently launched a first set of emergency support operations for developing countries around the world using a fast-track process to respond to COVID-19.

“We are working to strengthen developing nations’ ability to respond to the COVID-19 pandemic and shorten the time to economic and social recovery. The poorest and most vulnerable countries will likely be hit the hardest, and our teams around the world remain focused on country-level and regional solutions to address the ongoing crisis,” according to a statement by World Bank Group President David Malpass.

To learn more about “Powering Health” and view the interactive HOMER tool visit http://poweringhealth.homerenergy.com.

About HOMER Energy by UL
HOMER Energy by UL is the developer and distributor of HOMER software, a global standard for energy modeling tools that analyze solar-plus-storage, microgrids, and other distributed energy projects. HOMER® Pro simulates engineering and economic feasibility and enables the design of least-cost microgrid or distributed energy resources that combine conventional and renewable energy, storage, and load management when off-grid or tied to an unreliable grid. HOMER Grid, aimed at the behind-the-meter solar-plus-storage market, helps commercial and industrial customers design hybrid renewable energy systems that save on electricity bills and lower carbon footprints. Based in Boulder, Colorado, HOMER Energy by UL has had more than 200,000 users in over 190 countries. Learn more at www.homerenergy.com.

About UL
UL helps create a better world by applying science to solve safety, security, and sustainability challenges. We empower trust by enabling the safe adoption of innovative new products and technologies. Everyone at UL shares a passion to make the world a safer place. All of our work, from independent research and standards development, to testing and certification, to providing analytical and digital solutions, helps improve global well-being. Businesses, industries, governments, regulatory authorities and the public put their trust in us so they can make smarter decisions. To learn more, visit UL.com. To learn more about our nonprofit activities, visit UL.org.

Contacts:

Tricia Fitzpatrick
HOMER Energy by UL
Tricia.Fitzpatrick@ul.com
1+(720) 565-4046

Steven Brewster
Corporate Communications
UL
415-577-8851
steven.brewster@ul.com

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SOURCE UL

Industrial Control Systems (ICS) Security Market Growth Predicted at 20% Till 2026: Global Market Insights, Inc.

North America ICS security market is anticipated to hold a revenue share of around 30% by 2026 due to increasing investments and rising cyberattacks in the oil & gas industry in the U.S.

SELBYVILLE, Del., June 9, 2020 /PRNewswire/ — According to the latest report “ICS Security Market by Security Type (Network, Application, Endpoint, Database), Component (Solution [Firewall, SCADA Encryption, Antivirus/Anti-Malware, Intrusion Detection & Prevention, IAM, DDoS, Data Loss Prevention, Virtualization Security, SIEM, UTM], Service [Managed, Integration & Consulting, Audit & Reporting, Risk Management]), Application (Power and Energy, Critical Manufacturing, Mining, Water Utility, Transportation, Chemical), Regional Outlook, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of ICS security solutions will cross $12 billion by 2026. The growing penetration of IoT, connected devices, and increasing cyberattacks on critical infrastructure systems are fueling market growth.

The ICS endpoint security segment will expand at 15% CAGR during the forecast timeline. The demand to secure and protect network end devices, such as desktop PCs, mobile devices, and laptops, from cyberthreats is supporting ICS security market growth. Endpoint security provides encrypted framework to protect network infrastructure from potential threats of data breaches and attacks on network infrastructure that may result in network malfunction. Endpoint security solutions also help in securing weak connections and strengthening network infrastructure.

Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/2680

The Unified Threat Management (UTM) solution segment is expected to showcase a steady growth of over 20% through 2026 due to numerous benefits offered by UTM over other security solutions. The UTM solutions combine multiple security services and functionalities that assist organizations to protect networks from malware attacks and other security threats. In addition, it enables the management of diverse security functions using a single administration console.

The power and energy application segment held a major share of the global ICS security market in 2019 and is predicted to show dominance in the coming years. The enterprises operating in the energy industry are rapidly adopting IoT and robotics systems. This makes them prone to cyber-attacks and system vulnerabilities. The energy sector is the most vulnerable vertical for ICS attacks and has been one of the most affected industries over the past five to seven years.

The risk management service segment will witness the highest growth rate of over 35% from 2020 to 2026. The need to secure industrial critical infrastructure from cyberattacks is driving enterprises to adopt risk management services. The risk analysis service providers assist in handling and evaluating cyber security risks in ICS environment. This helps companies to make necessary changes and take security measures to secure overall network infrastructure.

North America ICS security market is anticipated to hold a revenue share of around 30% by 2026. Increasing investments and rising cyberattacks in the oil & gas industry in the U.S. are supporting the demand for ICS security solutions. In addition, government authorities are investing in projects to support the development of security solutions for industrial infrastructures. Furthermore, companies are developing innovative security solutions to reduce cyber risks.

Request for customization of this research report @ https://www.gminsights.com/roc/2680

Major players operating in the industrial control systems (ICS) security market are Schneider Electric, Honeywell International Inc., Rockwell Automation, Inc., Kaspersky Lab, and Trend Micro Inc. The companies are focusing on development of advanced ICS security solutions. For instance, in June 2019, Indegy launched CIRRUS, a cloud-based Industrial Cybersecurity as a service solution. It features real-time threat intelligence functionality and provides OT security. Moreover, ICS vendors are collaborating to develop advanced security solutions.

Table of Contents (ToC) of the report:

Chapter 3 ICS Security Market Insights

3.1 Introduction

3.2 Features/benefits of ICS security solutions

3.3 Industry segmentation

3.4 ICS security industry landscape

3.5 Impact of COVID-19 outbreak

3.5.1 Impact by region

3.5.1.1 North America

3.5.1.2 Europe

3.5.1.3 Asia Pacific

3.5.1.4 LAMEA

3.5.2 Impact on R&D

3.5.3 Impact on growth strategy and business model

3.6 Industry ecosystem analysis

3.7 Top 10 threats and countermeasures for ICS security

3.7.1 Social engineering and phishing

3.7.2 Malware infection through internet and intranet

3.7.3 Human errors and sabotage

3.7.4 Infiltration of malware through removable media and external hardware

3.7.5 Technical malfunctions and unavoidable accidents

3.7.6 Control components connected to the internet

3.7.7 Compromising of cloud and extranet components

3.7.8 Intrusion through remote access

3.7.9 Compromising of smartphones in the production environment

3.7.10 DDoS attacks

3.8 IT/OT

3.8.1 Major cyber-attacks on ICS components

3.8.2 OT/IT Convergence

3.8.3 IT/OT challenges

3.8.4 IT/OT cyber security practices

3.9 Technology & innovation landscape

3.9.1 Security-as-a-Service (SECaaS)

3.9.2 AI and machine learning

3.10 Regulatory landscape

3.10.1 The ISA/IEC 62443 standard

3.10.2 NIST SP 800-53

3.10.3 Critical Infrastructure Protection Mandates (NERC)

3.10.4 The Security of Network and Information Services Directive (NIS Directive) (EU)

3.10.5 IT Security ACT (Germany)

3.10.6 Cybersecurity Law (China)

3.11 Industry impact forces

3.11.1 Growth drivers

3.11.2 Industry Pitfalls and Challenges

3.12 Porter’s Analysis

3.12.1 Bargaining power of suppliers

3.12.2 Bargaining power of buyers

3.12.3 Threat of new entrants

3.12.4 Threat of substitutes

3.13 PESTEL analysis

3.14 Growth potential analysis

Browse Complete Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/industrial-control-systems-ics-security-market

About Global Market Insights, Inc.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Related Images

global-ics-security-market-revenue.jpg
Global ICS Security Market revenue to cross $12 Billion by 2026: GMI
Major players operating in the industrial control systems (ICS) security market are Schneider Electric, Honeywell International Inc., Rockwell Automation, Inc., Kaspersky Lab, and Trend Micro Inc.

Related Links

Industrial Control Systems (ICS) Security Market Infographic

Cybersecurity Market Infographic

 

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SOURCE Global Market Insights, Inc.

Bulbs.com, the business lighting experts announces another Utility Rebate Partnership!

BOSTON, June 9, 2020 /PRNewswire/ — Bulbs.com, the online authority in LED Lighting continues to expand its rebate distribution partnerships with utility companies across the United States.

Bulbs.com announces its newly approved distributor partnership with DTE Energy in Michigan, a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Eligible DTE Michigan customers can now receive instant rebates on a large assortment of LED products and occupancy sensors when purchasing from Bulbs.com. A couple of items to note:

  • Bulbs.com is the first e-commerce distributor approved for this program, helping to make LED purchases easier for DTE commercial customers
  • Bulbs.com is an approved distributor across 22 states with the addition of the DTE program in Michigan
  • Instant rebates are available on a large assortment of LED lamps, fixtures and controls
  • Rebate savings up to 90% per item on qualified products
  • Rebates include Energy Star and DLC approved Linear (T8), reflectors, A-lamps, ceiling troffers, high bay fixtures, mogul base lamps, exterior fixtures and occupancy sensors.

Utility rebates can be a big boost for helping businesses reduce the cost of lighting projects. Customers can save up to 85% on the initial cost of the bulbs and fixtures and then continue saving up to 75% on their lighting energy costs during the lifetime of the bulbs or fixtures. Other benefits from LEDs include:

  • HVAC cost savings due to lower heat emissions from LED lighting
  • Lower maintenance and replacement costs from the longer life of LEDs
  • Higher worker productivity from improved quality of lighting
  • Safety and security benefits from improved quality of lighting

Bulbs.com works closely with many utility companies like Duke Energy, MassSave, conEdison and CPS Energy, throughout the United States everyday as an approved distribution partner. In fact no other e-commerce lighting distributor works with as many utility companies across as many states as Bulbs.com. Eligible commercial and industrial customers can now receive instant rebates on their LED lighting purchases from 30 utility companies across the following states:

  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Hawaii
  • Idaho
  • Indiana
  • Illinois
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • New Hampshire
  • New York
  • North Carolina
  • Ohio
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Texas
  • Washington
  • Wyoming

Commercial and Industrial customers can also benefit from Bulbs.com’s exclusive “Buy n Try” program. Customers can try out a few LED lamps risk free before committing to a larger purchase, insuring they make the right selection every time. Bulbs.com is committed to deliver the highest level of service to its customers, helping it earn the highest customer satisfaction scores in the industry.

Learn more:
To learn more about utility rebate incentives visit bulbs.com/rebates or call a Certified Lighting Specialist at 888.455.2800. Certified Lighting Specialists and utility rebate professionals can provide more information about the best way to transition to energy efficient LED lighting. 

About Bulbs.com:
Bulbs.com is headquartered in Worcester, MA and is a leading online supplier of LED lighting products. Established in August 1999, Bulbs.com provides lighting products to over 200,000 commercial customers operating across 300,000 global locations in the hospitality, retail, property management, healthcare, manufacturing, government, education, industrial and municipal sectors. For more information visit bulbs.com.

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SOURCE Bulbs.com

Irving Oil and Silverpeak announce acquisition agreement for North Atlantic Refining Corp.

SAINT JOHN, NB and COME BY CHANCE, NL, May 28, 2020 /PRNewswire/ – Canadian-owned Irving Oil and U.S. investment firm Silverpeak have signed an agreement for Irving Oil to acquire North Atlantic Refining Corp., subject to regulatory review and conditions of sale being met. The agreement includes a 135,000 bpd refinery located in Come By Chance, NL, and a network of retail sites and other marketing assets.

As a family-owned international refining and marketing company based in Atlantic Canada, Irving Oil has proudly served the people of Newfoundland and Labrador since 1950, providing a secure supply of energy to its customers across the province.

NARL enjoys a fully integrated market presence and well-established ties to the communities it serves. With its deep-water terminal location and a network of retail assets, including both company and dealer sites, North Atlantic provides a reliable supply of fuel products to businesses and consumers across Newfoundland.

Irving Oil would look forward to the opportunity to continue to provide a secure supply of energy to customers across the province.

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SOURCE Irving Oil

Duke Energy Florida announces 3 new solar power plants to complete 700-megawatt commitment

– 2 other new solar sites begin serving customers- Collectively, company’s Florida solar plants will eliminate nearly 3 billion pounds of carbon dioxide emissions annually

ST. PETERSBURG, Fla., May 29, 2020 /PRNewswire/ — Duke Energy Florida (DEF) today filed the locations of its three newest solar power plants, which will provide cleaner, smarter energy solutions to benefit Florida customers.

  • The Duette Solar Power Plant will be built on approximately 520 acres in Manatee County, Fla. Once operational, the 74.5-megawatt (MW) facility will consist of approximately 227,000 single-axis tracking solar panels, capable of producing enough electricity to power approximately 23,000 homes at peak production annually. Once completed, the estimated cost will be 42 cents per 1,000 kilowatt-hours (kWh) for a typical residential customer.
  • The Charlie Creek Solar Power Plant will be built on 610 acres in Hardee County, Fla. The 74.9-MW facility will consist of approximately 235,000 single-axis tracking solar panels, capable of producing enough electricity to power approximately 23,000 homes at peak production annually. Once completed, the estimated cost will be 39 cents per 1,000 kWh for a typical residential customer.
  • The Archer Solar Power Plant will be built on 630 acres in Alachua County, Fla. This 74.9-megawatt (MW) facility will consist of approximately 220,000 single-axis tracking solar panels, capable of producing enough electricity to power approximately 23,000 homes at peak production annually. Once completed, the estimated cost will be 32 cents per 1,000 kWh for a typical residential customer.

During construction, each solar project creates approximately 200 to 300 temporary jobs. All three solar power plants will be owned, operated and maintained by Duke Energy Florida and are expected to be finished in late 2021.

“The Archer, Duette and Charlie Creek solar power plants will complete Duke Energy Florida’s commitment to customers to provide 700 MW of clean, green energy by 2022,” said Catherine Stempien, Duke Energy Florida state president. “Once operational, our solar power plants will eliminate nearly 3 billion pounds of carbon dioxide emissions each year. The sun shines bright here in Florida, and we are committed to making more solar investments in the years to come.”

Duke Energy Florida currently has more than 500 MW of solar generation under construction or in operation, excluding the sites announced today. The company is investing an estimated $1 billion to construct or acquire a total of 700 MW of solar power facilities from 2018 through 2022 in Florida and is planning to reach a total of almost 1,700 MW of solar generation over the next 10 years.

Duke Energy Florida recently completed two other facilities:

  • The Columbia Solar Power Plant in Columbia County, Fla., began serving customers on March 17, 2020. The facility is 74.9 MW with 245,000 solar panels.

Video of installation of one-millionth solar panel at Columbia Solar Power Plant.

Drone video of Columbia plant.

  • The DeBary Solar Power Plant in Volusia County, Fla., began serving customers on May 14, 2020. The facility is 74.5 MW with 300,000 panels.

Solar projects under construction

The Twin Rivers Solar Power Plant is being built on 515 acres in Hamilton County, Fla. Once operational, the 74.9-MW facility will consist of approximately 235,000 tracking solar panels that track the movement of the sun and are capable of producing enough electricity to power approximately 23,000 homes at peak production. Once completed, the estimated cost will be 40 cents per 1,000 kWh for a typical residential customer.

The Santa Fe Solar Power Plant is being built on 607 acres in Columbia County, Fla. The 74.9-MW plant will consist of approximately 235,000 tracking solar panels, which will produce enough carbon-free energy to power more than 23,000 average homes at peak production. Once completed, the estimated cost will be 43 cents per 1,000 kWh for a typical residential customer.

Duke Energy Florida is encouraging renewable investments within the state. By buying existing solar projects and using a competitive process to select DEF solar contractors, solar panels and project material suppliers, the company’s solar power plants bring the greatest amount of dependable renewable energy online for customers in the most efficient and economical way while creating more jobs in the solar and energy-related markets.

Over the next decade, the company will continue to make innovative and targeted investments in additional solar power plants, battery storage technology, shared solar, transportation electrification and a modernized power grid to help meet customers’ needs for diverse, reliable energy solutions.

Duke Energy Florida

Duke Energy Florida, a subsidiary of Duke Energy, owns a diverse generation mix of natural gas, coal and renewables, providing about 10,200 megawatts of owned electric capacity to approximately 1.8 million customers in a 13,000-square-mile service area.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune’s 2019 “World’s Most Admired Companies” list, and Forbes’ 2019 “America’s Best Employers” list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.    

Media contact: Ana Gibbs
Cell: 813.928.7263 | 24-Hour: 800.559.3853

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SOURCE Duke Energy

FirstEnergy’s Appliance Recycling Program Set to Return in Maryland

WILLIAMSPORT, Md., May 29, 2020 /PRNewswire/ — Customers of Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), can receive $75 by recycling an old, working refrigerator or freezer when the company’s appliance recycling program resumes on June 1. The program had been suspended since March 18 due to the coronavirus health emergency.

The program allows customers to responsibly recycle inefficient appliances in an environmentally friendly way. Customers may also include a working air conditioner or dehumidifier along with a qualifying refrigerator or freezer to receive an additional $25.

A new, no contact pick-up process is in place to help protect health and safety by eliminating entry into homes and personal contact during the appointment. Pick-ups will be limited to appliances located outdoors or in a garage, driveway, porch or outbuilding. Customers can call 888-277-0527 or visit www.energysaveMD.com to schedule a pickup.

“The Appliance Turn-In Program has been one of our most popular energy efficiency programs, and we felt a responsibility to our customers to try and restart the program while taking the proper precautions,” said Nicole Williams, Manager of Energy Efficiency Residential Program Implementation at FirstEnergy. “Safety remains a top priority both for our contractors and customers as we restart the program.”

The pick-ups will be processed by third-party contractor ARCA, which specializes in providing turnkey appliance recycling and replacement services for utilities and other sponsors of energy efficiency programs. Customers can visit www.energysaveMD.com to schedule an appointment and for a comprehensive list of all available energy efficiency programs.

Potomac Edison, a subsidiary of FirstEnergy Corp., serves about 270,000 customers in seven Maryland counties. Follow Potomac Edison at www.potomacedison.com, on Twitter @PotomacEdison, and on Facebook at www.facebook.com/PotomacEdison.

FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company’s transmission subsidiaries operate approximately 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.

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SOURCE FirstEnergy Corp.

Contura Completes Exit from Powder River Basin

BRISTOL, Tenn., May 29, 2020 /PRNewswire/ — Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced the end of its connection with the Powder River Basin in Wyoming.

Effective today, May 29, 2020, two previously wholly-owned subsidiaries of Contura Energy—Contura Coal West, LLC (Contura Coal West) and Contura Wyoming Land, LLC (Contura Wyoming)—have merged with certain subsidiaries of Eagle Specialty Materials, LLC (ESM).

No longer part of Contura Energy, Contura Coal West and Contura Wyoming are the surviving entities of the merger and are now wholly-owned subsidiaries of ESM. Contura Coal West holds, and will continue to hold, the mining permits for the Eagle Butte and Belle Ayr mines, which have been under the operational control of ESM since October 2019.

“With today’s announcement, Contura has completed the final element of its years-long exit from the Powder River Basin,” said David Stetson, Contura’s chairman and chief executive officer. “We are pleased to conclude this clean-up transaction and continue our focus on operating and developing our Central Appalachian metallurgical properties.”

Pursuant to terms of the transaction, Contura Energy will receive from ESM approximately $625 thousand in cash consideration for assets owned by Contura Coal West but not previously conveyed.

ABOUT CONTURA ENERGY

Contura Energy (NYSE: CTRA) is a Tennessee-based coal supplier with affiliate mining operations across major coal basins in Pennsylvania, Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Contura Energy reliably supplies both metallurgical coal to produce steel and thermal coal to generate power. For more information, visit www.conturaenergy.com.

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements. These forward-looking statements are based on Contura’s expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Contura’s control. Forward-looking statements in this news release or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Contura to predict these events or how they may affect Contura. Except as required by law, Contura has no duty to, and does not intend to, update or revise the forward-looking statements in this news release or elsewhere after the date this release is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this news release may not occur.

INVESTOR CONTACT
investorrelations@conturaenergy.com

Alex Rotonen, CFA
423.956.6882

MEDIA CONTACT
corporatecommunications@conturaenergy.com

Emily O’Quinn
423.573.0369

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SOURCE Contura Energy, Inc.

The Global Drilling Rig Market is expected to grow by $ 18.35 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period

NEW YORK, May 11, 2020 /PRNewswire/ —

Global Drilling Rig Market 2020-2024
The analyst has been monitoring the drilling rig market and it is poised to grow by $ 18.35 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period. Our reports on drilling rig market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Read the full report: https://www.reportlinker.com/p05892918/?utm_source=PRN

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growth in oil and gas demand, rising investments in the upstream oil and gas sector, and increasing focus on unconventional oil and gas E&P activities. In addition, growth in oil and gas demand is anticipated to boost the growth of the market as well.
The drilling rig market analysis includes application segment and geographic landscapes

The drilling rig market is segmented as below:
By Application
• Onshore
• Offshore

By Geographic Landscapes
North America
• MEA
Europe
• APAC
South America

This study identifies the growing demand for new-generation automated drilling rigs as one of the prime reasons driving the drilling rig market growth during the next few years. Also, rise in deepwater and ultra-deepwater E&P activities, and technological advances in MODUs will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our drilling rig market covers the following areas:
• Drilling rig market sizing
• Drilling rig market forecast
• Drilling rig market industry analysis

Read the full report: https://www.reportlinker.com/p05892918/?utm_source=PRN

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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SOURCE Reportlinker