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California explores real-time retail pricing to enable more renewables

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Widespread demand flexibility is vital for California to reach its renewables goal. Real-time electricity pricing is one tool being considered.

Real-time retail pricing of electricity, which can make room for more renewables on the grid by increasing demand flexibility, is one element of a draft proposal presented by the California Public Utilities Commission’s (CPUC’s) Energy Division. The commission is considering opening a rulemaking aimed at achieving widespread demand flexibility.

Such a system could include scheduled charging of electric vehicles and distributed storage, and remote control of space heating and water heating, said CPUC Commissioner Darcie Houck in remarks during a recent workshop.

Opt-in real-time pricing for retail electricity, which involves “sending prices to devices,” is a central element in the Energy Division’s draft proposal.

Real-time electricity pricing has been proven to work in a pilot program funded by the California Energy Commission that involved customers of California utility SCE. Participating customers reduced their electric bills mostly by shifting air conditioning loads.

CPUC Energy Division staff member Aloke Gupta said the SCE pilot’s pricing scheme could inform a pricing scheme for California as a whole, as could San Diego Gas & Electric’s hourly dynamic rate for electric vehicle owners.

Smart devices receiving and responding to price signals, Gupta said, could include thermostats, heat pumps, heat pump water heaters, and smart plugs.

If California moved to bi-directional pricing, Gupta said, a utility customer could either consume or export electricity at the current price, with exports coming from storage or from rooftop solar. Alternatively, a customer could choose a fixed-price subscription, he said.

Flexible demand

The California Solar & Storage Association asked the CPUC in 2018 for a rulemaking on opt-in real-time pricing, in a joint petition with the Solar Energy Industries Association and others. CALSSA and others followed up that request in 2020, asking the CPUC to allow customers in the San Diego area to choose real-time pricing.

Houck said in the workshop that communications and power control systems are now available to automate demand flexibility, “so customers can spend as much or as little time as they want thinking about their energy.”

“Reshaping demand to flex with supply” is as important as deploying more renewables, Houck said, as the state works to reach 100% clean electricity by 2045.

Energy Division staff plans to release a white paper this summer on widespread flexible demand management. The staff expects to recommend at that time that the CPUC open a rulemaking to consider the proposal.

If the bid for a rulemaking is adopted, any changes would likely occur in a stepwise fashion, said Paul Phillips of the Energy Division. Infrastructure recommendations being developed by the California Energy Commission will help facilitate the CPUC’s work, he said.

Representatives from four other organizations contributed to the workshop. Karen Herter of the California Energy Commission spoke on load management standards. Delphine Hou of CAISO, California’s grid operator, spoke on renewable integration and grid needs. Sarah Moskowitz and Jeff Zethmayr with the Citizens Utility Board in Illinois spoke on that state’s experience with hourly pricing. And Carmen Best of ­­­­software developer Recurve spoke on expanding distributed energy resources.

Presentations from the CPUC’s “Advanced DER & Demand Flexibility Management” workshop, and a video recording, are available online. Informal written comments are invited through June 8.

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Source: https://pv-magazine-usa.com/2021/06/07/california-explores-real-time-retail-pricing-to-enable-more-renewables/

Energy

Talos Energy Announces Pricing Of Secondary Public Offering Of Common Stock

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HOUSTON, June 23, 2021 /PRNewswire/ — Talos Energy Inc. (NYSE: TALO) (“Talos” or the “Company”) announced today the pricing of an underwritten public offering of an aggregate of 5,000,000 shares of its common stock (the “Offering”) by certain affiliates of Apollo Global Management and Riverstone Holdings LLC (the “Selling Stockholders”). Talos is not selling any shares of common stock in the Offering and will not receive any proceeds from any sale of shares by the Selling Stockholders. The Offering is expected to close on June 28, 2021, subject to customary closing conditions.

BMO Capital Markets is acting as sole underwriter for the Offering. The underwriter may offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.

Registration statements relating to these securities have been filed with and declared effective by the U.S. Securities and Exchange Commission (the “SEC”). The Offering is being made only by means of a prospectus supplement and accompanying base prospectuses. Before investing, prospective investors should read the prospectus supplement, the accompanying base prospectuses and the documents incorporated by reference therein for more complete information about the Company and the Offering. Copies of the preliminary prospectus supplement and accompanying base prospectuses relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained from BMO Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036, tel: (800) 414-3627, email: [email protected].

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

ABOUT TALOS ENERGY

Talos Energy (NYSE: TALO) is a technically driven diversified energy company focused on safely and responsibly maximizing long-term value through our operations in the United States and offshore Mexico, both upstream through oil and gas exploration and production and downstream through the development of future carbon capture and storage opportunities. As one of the Gulf of Mexico’s largest public independent producers, we leverage decades of technical and offshore operational expertise towards the acquisition, exploration and development of upstream energy assets in key geological trends. With a focus on environmental stewardship, we are also utilizing our expertise to reduce industrial emissions through our carbon capture and storage joint venture along the U.S. Gulf Coast and Gulf of Mexico. For more information, visit www.talosenergy.com.

INVESTOR RELATIONS CONTACT

Sergio Maiworm
+1.713.328.3008
[email protected]  

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This communication contains “forward-looking statements” within the meaning of U.S. Private Securities Litigation Reform Act of 1995. When used in this communication, the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “forecast”, “may,” “objective,” “plan” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All statements, other than statements of historical fact included in this communication, are forward-looking statements including, but not limited to, statements regarding the expected closing of the Offering. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.

We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, risks and uncertainties related to economic, market or business conditions, satisfaction of customary closing conditions related to the Offering and other risk factors as detailed from time to time in the Company’s reports filed with the SEC.

Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. All forward-looking statements speak only as of the date of this communication. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.

SOURCE Talos Energy

Related Links

http://www.talosenergy.com

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Energy

Elevator and Escalator Services Market in GCC Countries to grow by USD 765.96 million|Technavio

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Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment. 
Download FREE Sample Report

Read the 120-page report with TOC on “Elevator and Escalator Services Market in GCC Countries Analysis Report by Product (Elevators and Escalators) and Geography (Saudi Arabia, Qatar, UAE, Bahrain, and ROW), and the Segment Forecasts,2021-2025″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions.

The elevator and escalator services market in GCC countries is driven by the increasing demand for smart elevators. In addition, the growing trend of smart cities is anticipated to boost the growth of the Elevator and Escalator Services Market in GCC Countries.

Smart elevators are developed to design energy-efficient elevators, which can minimize the wait and travel times. It facilitates security, such as biometrics, touchscreens, access control, and destination dispatch systems. The advantages of a smart elevator include better control of elevator traffic, enhanced energy efficiency, reduced wait times, and integrated access control features. Smart elevators are also capable of distinguishing employees of a particular company based on their IDs and directing them to the correct elevator. Smart elevators have witnessed an exponential rise in popularity because of their advantages. The rapidly growing popularity of smart elevators is expected to drive the growth of the global elevator and escalator services market in GCC.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Elevator and Escalator Services in GCC Countries Companies:

Alfa Elevators

Alfa Elevators offers elevator and escalator services like Elevator Supply, Elevator installation, Modernization/Renovation, and Elevator Maintenance.

Elco Ltd.

Elco Ltd. offers an elevator and escalator under the brand name Electra.

Fujitec Co. Ltd.

Fujitec Co. Ltd. offers elevators and escalators under the brand names Zexia, Rexia, and other brands.

G.I.TECH Lifts & Escalators LLC

G.I.TECH Lifts & Escalators LLC offers various types of home elevators, scissor elevators, and escalators for different purposes.
Hitachi Ltd.

Hitachi Ltd. offers an elevator and escalator under the brand names UAG-SN1, OUG-ON1, and other brands.

Elevator And Escalator Services Market In GCC Countries Product Outlook (Revenue, USD million, 2020-2025)

  • Elevators – size and forecast 2020-2025
  • Escalators – size and forecast 2020-2025

Elevator And Escalator Services Market In GCC Countries Geography Outlook (Revenue, USD million, 2020-2025)

  • Saudi Arabia – size and forecast 2020-2025
  • Qatar – size and forecast 2020-2025
  • UAE – size and forecast 2020-2025
  • Bahrain – size and forecast 2020-2025
  • ROW – size and forecast 2020-2025

Know more about the global trends impacting the future of market research, download a free sample:  
https://www.technavio.com/talk-to-us?report=IRTNTR45266

Related Reports on Industrials Include:

Elevator and Escalator Market in Australia– The elevator and escalator market size in Australia is segmented by product (elevator and escalator) and service (new installations, maintenance, and modernization).
Download FREE Sample Report

Industrial Robotics Market in Europe– The industrial robotics market size in Europe is segmented by end-user (automotive, industrial machinery, electrical and electronics, food and beverage, and others) and geography (Germany, Italy, France, Spain, and the rest of Europe).
Download FREE Sample Report

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Report Page: https://www.technavio.com/report/elevator-and-escalator-services-market-in-gcc-countries-industry-analysis

SOURCE Technavio

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Energy

Insights on the Copper Sulphate Global Market to 2026 – Focus on Agriculture, Mining & Metallurgy, Chemicals, Construction and Healthcare

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DUBLIN, June 23, 2021 /PRNewswire/ — The “Copper Sulphate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

Copper sulphate or cupric sulphate (CuSO4) is a salt of copper which exists in varying amounts of hydration. Most commonly, it is found as bright blue or green coloured crystals, called pentahydrate (CuSO4.5H2O). Copper sulphate has wide range of applications and has been used since ages for manufacturing a variety of products ranging from fungicides to paints. According to this report the global copper sulphate market is currently being driven by a continuously increasing global population and an ever-growing demand for food.

The market reached a volume of 406.8 Kilo Tons in 2020 and is expected to exhibit moderate growth during the forecast period (2021-2026). The report provides a comprehensive insight of the industry including its market breakup by region, market breakup by end-use, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight to the manufacturing process of copper sulphate covering key success and risk factors for manufacturers, detailed process flow, the chemical reactions involved, raw materials and their requirements, etc.

Key Questions Answered in This Report:

1. What was the global copper sulphate market size in 2020?
2. What will be the copper sulphate market outlook during the forecast period (2021-2026)?
3. What is the impact of COVID-19 on the global copper sulphate market?
4. What are the global copper sulphate market drivers?
5. What are the major trends in the global copper sulphate market?
6. What is the global copper sulphate market breakup by end use?
7. What are the major regions in the global copper sulphate market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends

5 Global Copper Sulphate Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by End-Use
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Raw Material Procurement
5.9.3 Manufacturing
5.9.4 Distribution
5.9.5 Exports
5.9.6 End-Use
5.10 Porter’s Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Trade Data
5.11.1 Imports
5.11.2 Exports
5.12 Key Market Drivers and Success Factors

6 Performance of Key Regions
6.1 Asia Pacific
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 North America
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Latin America
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Middle East and Africa
6.5.1 Market Trends
6.5.2 Market Forecast

7 Market by End-Use
7.1 Agriculture
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Mining and Metallurgy
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Chemicals
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Construction
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Healthcare
7.5.1 Market Trends
7.5.2 Market Forecast

8 Competitive Landscape
8.1 Competitive Structure
8.2 Key Players

9 Copper Sulphate Manufacturing Process
9.1 Product Overview
9.2 Chemical Reactions Involved
9.3 Manufacturing Process
9.4 Detailed Process Flow
9.5 Mass Balance and Feedstock Conversion Rates

10 Copper Sulphate Feedstock Market Analysis
10.1 Copper
10.1.1 Market Performance
10.1.1.1 Volume Trends
10.1.1.2 Value Trends
10.1.2 Price Trends
10.1.3 Breakup by Region
10.1.4 Breakup by End-Use
10.1.5 Key Suppliers
10.2 Sulphuric Acid
10.2.1 Market Performance
10.2.1.1 Volume Trends
10.2.1.2 Value Trends
10.2.2 Price Trends
10.2.3 Breakup by Region
10.2.4 Breakup by End-Use
10.2.5 Key Suppliers

11 Key Player Profiles

For more information about this report visit https://www.researchandmarkets.com/r/dfkn51

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

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Energy

CITGO Holding, Inc. and CITGO Petroleum Corporation Announce New Director Appointments

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HOUSTON, June 23, 2021 /PRNewswire/ — The Boards of Directors of CITGO Holding, Inc. and CITGO Petroleum Corporation today announced new appointments to their respective Boards of Directors.

Elio José Tortolero, Samuel Wilhelm, and Ernesto José Hernández Bolívar have been named to the CITGO Holding Board, with Glixon Mavarez and Pablo Pérez continuing as CITGO Holding Directors.

In addition, Ernesto José Hernández Bolívar and Luis Giusti Lugo have been named to the CITGO Petroleum Board. José Ramón Pocaterra remains the CITGO Petroleum Board Chair, with Andrés Padilla and Marcelo Laprea also continuing as CITGO Petroleum Directors.

Carlos Jordá, who has 50 years of experience in the international oil and gas industry, remains as Chief Executive Officer and President of CITGO Petroleum. In addition, Edgar Rincón, with extensive operational and management experience in all facets of the energy industry, continues as CITGO Petroleum’s Chief Operating Officer and Executive Vice President. 

“At CITGO, we believe in working to complement our already strong leadership team as we seek to meet the challenges of an evolving industry,” said CITGO Petroleum Board Chair José Ramón Pocaterra. “We are pleased to add these talented individuals, who bring significant additional knowledge and experience to the CITGO team. We look forward to their contributions.”

Samuel Wilhelm brings vast experience in hydrocarbon supply chain, contract negotiations, logistics, trade, and strategic planning to the CITGO Holding Board. Likewise, Ernesto Hernández, who joins the Boards of both CITGO Holding and CITGO Petroleum, brings more than 29 years of experience as an IT professional focused on customer-oriented strategies. Adding additional experience to the CITGO Petroleum Board is Luis Giusti Lugo, who has 24 years of experience in a wide range of areas within the oil and gas and financial industries, including corporate finance, strategic planning, mergers and acquisitions, and business development.

The Boards of both CITGO Holding and CITGO Petroleum welcome these new members and wish them every success in their new roles. Additionally, the Boards express appreciation and gratitude to those who dedicated their time and professionalism to the CITGO business while maintaining the highest standards for themselves and the CITGO companies.

About CITGO 
Headquartered in Houston, Texas, CITGO Petroleum Corporation owns and operates three large-scale, highly complex refineries, with a combined crude capacity of approximately 769,000 barrels-per-day, located in Lake Charles, La.; Lemont, Ill.; and Corpus Christi, Texas, has ownership/equity interest in 40 active refined product storage and transfer terminals, and has access to more than 120 third-party and related party terminals through exchange, terminal and similar arrangements. CITGO Petroleum Corporation is owned by CITGO Holding, Inc.

SOURCE CITGO Corporation

Related Links

https://www.citgo.com/

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