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Insights on the Microgrid Control Systems Global Market to 2025 – Featuring ABB Group, Eaton Corporation & Exelon Among Others

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DUBLIN, Oct. 16, 2020 /PRNewswire/ — The “Microgrid Control Systems – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The global market for Microgrid Control Systems is projected to reach US$3.9 billion by 2025, driven by the rapid migration towards decentralized energy systems.

The focus on sustainable energy against the backdrop of growing urgency to address climate change ranks as the primary factor driving adoption of decentralized energy systems. Other benefits offered include ability to utilize more renewable energy, reduced dependence on fossil fuels, more stable and largely lower energy prices, elimination of challenges involved in energy loss during long distance transmission, and reduced need to invest in electricity grid transmission and distribution capacity upgrades. In addition, centralized power grids are aging and suffer from grid power quality issues, and also lack the flexibility to adjust to changing energy consumption patterns worldwide.

Also, with several countries worldwide legislating mandatory renewable energy targets, the move towards distributed energy infrastructure is gaining momentum as production of energy closer to consumption areas supports smaller scale generation of renewable energy. Until now, in most markets across the globe power outage and/or scheduled blackouts was the popular load shedding strategy adopted to meet peak demand. However, with rapid digitalization, electrification and electronification of modern societies such a load shedding strategy is unsustainable and detrimental to the growth of economies.

As a result, there is strong focus on integrating higher shares of intermittent sources of renewable energy to meet peak demand. The scenario is leading to the development of hybrid energy systems to ensure reliable and sustainable supply of electricity. With traditional utilities stretched to the breaking point due to rapid population growth, urbanization and demands of the digital age, microgrids are the future of smart and distributed energy generation and distribution.

There is increased establishment of microgrids in areas rich in green sources of power such as photovoltaic (PV) and wind power. These local grids are then integrated into the main utility grid. Integrating and balancing renewable energy creates challenges in dynamics, control and automation of electrical power systems. This pushes up the need for sophisticated energy management system (EMS) and distribution management system (DMS) for reliable integration, management and control of multi-tiered energy systems.

As the issues related to integration and control of microgrids increase in complexity, the need for energy management and control systems will become greater and poised to benefit are microgrid control systems. Another exciting trend in the market is the increase in private deployment of microgrids. With power interruptions and blackouts becoming increasingly common and frequent as a result of extreme weather conditions compounded by aging energy infrastructure, there is a clear preference and migration away from grid-tied solar panels towards private microgrids fully independent and separate from the main power grid.

These microgrids have the advantage of functioning normally even when the main grid is shutdown. This is an important advantage for companies against the backdrop of electrification, digitalization and automation all of which are reliant on power quantity, quality, and availability. Also chronic underfunding of energy infrastructure development by governments worldwide as a result of fiscal deficits and lack of funds, is forcing companies to take their own measures to address energy reliability issues. For instance, in the United States, underinvestment in energy infrastructure has reached over US$180 billion, a scenario that bodes well for the proliferation of private microgrids.

The United States, China and Europe represent large markets worldwide with a combined share of 63.7% of the market. China also ranks as the fastest growing market with a CAGR of 15.3% over the analysis period supported by the Chinese government’s strong interest in decentralized energy governance structures and the ensuing launch of national pilot programs. The domestic government is using a combination of stringent regulatory measures and financial incentives to encourage energy industry stakeholders to pursue energy transition policies.

Competitors identified in this market include, among others:

  • ABB Group
  • Eaton Corporation PLC
  • Exelon Corporation
  • General Electric Company
  • Hitachi Ltd.
  • Honeywell International, Inc.
  • Northern Power Systems Corporation
  • Pareto Energy
  • Princeton Power Systems
  • Siemens AG

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Growing Investments in Energy Infrastructure: The Cornerstone for Growth in the Market
  • With Governments Forced to Address Power-Quality, Reliability & Sustainability Issues, the Rising Investments in Energy Infrastructure to Benefit Demand for Energy Management & Control Systems/Solutions: Global Energy Investments (In US$ Billion) for the Years 2016, 2018, 2020
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • ABB (Switzerland)
  • Eaton Corporation (USA)
  • Emerson Electric Co. (USA)
  • GE Grid Solutions LLC (USA)
  • Ontech Electric Corporation (China)
  • Operation Technology, Inc. (USA)
  • RT Soft Group (Russia)
  • S&C Electric Company (USA)
  • Schneider Electric SE (France)
  • Schweitzer Engineering Laboratories, Inc. (USA)
  • Siemens AG (Germany)
  • Spirae, LLC (USA)
  • Woodward, Inc. (USA)

3. MARKET TRENDS & DRIVERS

  • Focus on Decentralized Energy Generation Drives Deployment of Microgrids
  • Growing Value of Distributed Energy Resources (DERs) in Dual Addressal of Environmental & Energy Sustainability Challenges Drives Demand for Microgrids & Microgrid Technology Solutions: Global Microgrid Capacity (In MW) for Years 2016, 2018, 2020, 2022 and 2024
  • Rise of Smart Cities Drives the Focus on Engineering Microgrids to Achieve Slated Energy Goals
  • With Microgrids Being the Foundation for Smart Energy Infrastructure, Growing Investments in Smart Cities Bodes Well for the Creation of “Grid of Microgrids”: Global Investments in Smart City Technologies (In US$ Million) for the Years 2017 & 2020
  • Private Sector Microgrids Rise Tall Over the Horizon to Offer Exciting Opportunities for Growth
  • Lost Economic Value Due to Power Outages Pushes Up the Monetary Value of Electric Reliability & the Significance of Private Microgrids in Offering Backup Power: Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
  • Chronic Public Sector Underfunding for Infrastructure Development Drives Private Participation & Investments in Distributed Energy Via Private Microgrids: Breakdown of Actual & Needed Infrastructure Spending (as a % of GDP) in Select Countries for the Year 2017
  • Rising Investments in Renewable Energy Leads to Rapid Mushrooming of Renewable Microgrids Across the Global Energy Terrain
  • Microgrids Are the Backbone Infrastructure that Makes Intermittent Renewable Energy More Resilient & Practically Deployable in the Real World Scenario: Global Net capacity Additions of Renewable Energy (In GW) for the Years 2010, 2013, 2016, 2018, 2020
  • Microgrid Controllers, a Vital Piece of Hardware Attracting Increased R&D
  • The Rise of Blockchain Microgrids Pushes Up the Importance, Complexity & Monetary Value of Effective Microgrid Control
  • The Move to Monetize Microgrids Sets Into Motion the Rise of Blockchain Microgrids With Complex Control, Processing & Management Requirements: Global Value of Blockchain Investments in the Energy Industry (In US$ Million) for the Years 2017, 2019, 2022 and 2024
  • Cloud Based Management of Microgrids Attract Interest in Community Microgrids
  • Supported by Myriad Benefits Automated Microgrid Control Systems Grow in Popularity
  • Hardware-in-the-Loop (HIL): A Key Innovation in Micro-Grid Control System
  • Impact of IoT on Microgrid Management
  • IoT Disrupts the Distributed Energy Space by Turning Microgrids into Smart Systems Capable of Maximizing Energy Efficiency & Energy Sharing & Trading: Global Value of IoT Investments in the Energy Industry (In US$ Billion) for the Years 2017, 2019, 2022 and 2024
  • AI and the Microgrid Controller Are the New Pair

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 28

For more information about this report visit https://www.researchandmarkets.com/r/tj0igq

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

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

For E.S.T Office Hours Call +1-917-300-0470
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Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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Source: https://www.prnewswire.com:443/news-releases/insights-on-the-microgrid-control-systems-global-market-to-2025—featuring-abb-group-eaton-corporation–exelon-among-others-301154117.html

Energy

ICL Agrees to Acquire Fertiláqua, a Leading Brazilian Specialty Plant Nutrition Company

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TEL AVIV, Israel and SÃO PAULO, Oct. 26, 2020 /PRNewswire/ — ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, announced today that it has entered into a definitive agreement to acquire Fertiláqua, one of Brazil’s leading specialty plant nutrition companies, for approximately $120 million (the “Acquisition”). The Acquisition will expand ICL’s specialty plant nutrition product portfolio and significantly enhance its customer base and on-ground presence across agriculture regions in Brazil, one of the world’s fastest growing agriculture markets. Fertiláqua had been previously controlled by Aqua Capital, a leading ag and food private equity firm.

With over 100 different products, including those marketed under the leading Aminoagro, Dimicron and Maximus brands, Fertiláqua offers a complete portfolio of plant life-cycle solutions for plant nutrition and stimulation, soil revitalization, seed treatment and plant health across all key Brazilian crops, including soybeans, corn, sugarcane, cotton, coffee, fruits and vegetables. Fertiláqua has a presence in 24 Brazilian states and serves over 500 customers, including ag-input retailers, cooperatives and large farms. Fertiláqua has over 350 employees, two production sites and two research and development centers. Since its foundation, Fertiláqua has demonstrated strong growth and achieved a compounded annual growth rate of over 15%.

Raviv Zoller, ICL President and CEO, stated: “The acquisition of Fertiláqua is an important part of the growth strategy of our crop nutrition business. As we stated during our recent Investor Day, the expected growth of our crop nutrition business, both organically and through M&A, will be supported, in part, by increased demand for high-end specialty fertilizers and our focus on growth markets. Fertiláqua gives ICL a significant foothold in a major market, where demand growth for specialty plant nutrition products is increasing rapidly. In addition, it unlocks immediate synergies for distribution in Brazil and further expands ICL’s product portfolio with higher growth, higher margin products, as well as provides balance for seasonality in our specialty fertilizer sales between the Northern and Southern hemispheres.”

Sebastian Popik, Aqua Capital’s Managing Partner, stated: “We are proud of Fertiláqua’s trajectory. Since we acquired the Company in 2013, we have built one of Brazil’s leading sector players. The sale to ICL confirms Aqua’s development and implementation of Fertiláqua’s technological edge, with a top-tier product portfolio, leading R&D capabilities and market presence. Furthermore, we are proud to have successfully completed this transaction with ICL during these challenging times, having worked creatively and constructively to make it happen.”

Following the closing of the Acquisition, which is expected to occur by early 2021, subject to the fulfilment of customary closing conditions, ICL expects to leverage Fertiláqua’s strong market presence and distribution capabilities to increase the sales of its organic fertilizers, controlled-released fertilizers and other specialty plant nutrition products to the Brazilian market.

About ICL

ICL Group LTD is a leading global specialty minerals and chemicals company that creates impactful solutions for humanity’s sustainability challenges in global food, agriculture, and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its passionate team of talented employees, and its strong focus on R&D and technological innovation to drive growth across its end markets. ICL shares are dually listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs over 11,000 people worldwide, and its 2019 revenues totaled approximately $5.3 billion.

About Aqua Capital

Aqua Capital is Latin America’s largest agribusiness and food-focused private equity firm, with $650 million in assets under management. It holds controlling positions in thirteen platform companies throughout the ag and food value chains. Through its professionalization, growth, transformation and sustainability value creation approach, Aqua Capital creates market-leading, thriving companies. Its portfolio companies have combined revenues of $1.2 billion and employ over 6,000 people.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements”, many of which can be identified by the use of forward-looking words such as “anticipate”, “believe”, “could”, “expect”, “should”, “plan”, “intend”, “estimate” and “potential”, among others.

Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and the actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to: our ability to satisfy the closing conditions for the transaction on a timely basis or at all, the anticipated effect of the transaction on the crop nutrition business, ICL’s strategic focus in Brazil and estimated accretion, sales, synergy capture and other related metrics, as well as, ICL’s expectations and assumptions concerning the time necessary to satisfy the conditions to the closing of the transaction, including the regulatory approvals in connection therewith and synergy capture. Although ICL believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because ICL can give no assurance that they will prove to be correct.

The anticipated timeline for completion of the transaction may change for a number of reasons, including the inability to secure necessary regulatory approvals in the time assumed or the need for additional time to satisfy the conditions to the completion of the transaction. Other factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, estimates, forecasts and statements as to management’s expectations with respect to, among other things, business and financial prospects, financial multiples and accretion estimates, future trends, plans, strategies, objectives and expectations, failure to complete the transaction as contemplated and the ability to successfully integrate the new business into our existing business in an effective manner, general economic, market and business conditions, weather conditions, crop prices, the supply and demand and price levels for our major products and products associated with the plant nutrition business, governmental and regulatory requirements and actions by governmental authorities, including changes in government policy, changes in environmental, tax and other laws or regulations and the interpretation thereof. As a result of the foregoing, readers should not place undue reliance on the forward–looking statements contained in this press release concerning the timing of the transaction.

Forward-looking statements refer only to the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.

For more information, visit the Company’s website at www.icl-group.com.

To access ICL’s interactive Corporate Social Responsibility report, please click here.

You can also learn more about ICL on Facebook, LinkedIn and Instagram.

INVESTOR RELATIONS CONTACT
Dudi Musler
Investor Relations Manager
+972-3-684-4448
[email protected]

PRESS CONTACT
Or-li Kasuto Madmon
Scherf Communications
+972-52-4447750
[email protected]

SOURCE ICL

Related Links

https://www.icl-group.com

Source: https://www.prnewswire.com:443/news-releases/icl-agrees-to-acquire-fertilaqua-a-leading-brazilian-specialty-plant-nutrition-company-301159491.html

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Energy

FMC Corporation Announces New Executive Role, Vice President and Chief Sustainability Officer, and Elects New Vice President of Procurement and Global Facilities

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PHILADELPHIA, Oct. 26, 2020 /PRNewswire/ —

FMC Corporation (NYSE: FMC) announced today that Dr. Karen Totland, vice president, Procurement, Sustainability and Global Facilities, has been appointed to the newly created role of vice president and chief sustainability officer (CSO).  Thaisa Hugenneyer, director of Business Process Transformation, has been elected vice president, Procurement and Global Facilities.  Totland and Hugenneyer will report to Mark Douglas, president and CEO.  Both roles are effective January 1, 2021. 

Chief Sustainability Officer

“Sustainability at FMC has made great progress under Karen’s leadership since 2013, with award-winning programming, aggressive goals, and expanded commitments for reporting and engagement,” said Mark Douglas, FMC president and CEO.  “Establishing an Office of the CSO led by a seasoned executive is an important step in broadening FMC’s Environmental, Social and Governance (ESG) efforts and further elevating sustainability across every facet of our company.  Corporate Sustainability, Diversity & Inclusion, Product Stewardship, Government Affairs, Industry Affairs, Corporate Philanthropy and Corporate Social Responsibility will be integrated under one, unified organization.”

Totland joined FMC in 2010 and previously worked at leading fragrance and flavor company Firmenich.  She holds a Ph.D. in chemistry from the University of Ottawa and conducted post-doctoral research at the Massachusetts Institute of Technology.  She currently serves as chairperson of the American Red Cross Eastern Pennsylvania Region Board of Directors. 

Procurement and Global Facilities

Hugenneyer currently leads a multi-year Business Process Modernization (BPM) effort that includes upgrading the FMC enterprise-wide financial reporting system to SAP’s new S/4HANA platform.

“Thaisa has been an exceptional leader, successfully guiding one of the most complex systems and process transformation initiatives in our company’s history,” said Douglas.  “She is ideally suited to lead our Procurement and Global Facilities organizations, having spent a majority of her career in a variety of global, regional and business procurement roles prior to leading the BPM effort.  I am pleased to welcome her to the FMC executive team and look forward to her leadership.”

Hugenneyer joined FMC in 2011 and held numerous roles of increasing responsibility in the Procurement function.  She led an SAP initiative in 2017 related to the divestiture of FMC’s Lithium and Health and Nutrition businesses prior to leading the company’s business process transformation.  Hugenneyer previously worked in a variety of Procurement and project management roles at Rohm and Haas Company and DuPont.  She earned a Bachelor of Science in Business Administration from Maua University in Brazil and an MBA from Drexel University.

About FMC

FMC Corporation, an agricultural sciences company, provides innovative solutions to growers around the world with a robust product portfolio fueled by a market-driven discovery and development pipeline in crop protection, plant health, and professional pest and turf management. This powerful combination of advanced technologies includes leading insect control products based on Rynaxypyr® and Cyazypyr® active ingredients; Authority®, Boral®, Centium®, Command® and Gamit® branded herbicides; Talstar® and Hero® branded insecticides; and flutriafol-based fungicides. The FMC portfolio also includes biologicals such as Quartzo® and Presence® bionematicides. FMC Corporation employs approximately 6,400 employees around the globe. To learn more, please visit www.fmc.com.

FMC, the FMC logo, Rynaxypyr, Cyazypyr, Authority, Boral, Centium, Command, Gamit, Talstar, Hero, Quartzo and Presence are trademarks of FMC Corporation or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions. Hero® insecticide is a restricted use pesticide in the United States.

The Company’s investor relations website, located at https://investors.fmc.com, should be considered as a recognized channel of distribution, and the Company may periodically post important information to the web site for investors, including information that the Company may wish to disclose publicly for purposes of complying with the federal securities laws.  After April 27, 2021, this type of information will no longer be provided by press release but will continue to be posted on the investor relations website.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:  This release contains forward-looking statements, which are based on management’s current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC’s 2019 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.

SOURCE FMC Corporation

Related Links

http://www.fmc.com

Source: https://www.prnewswire.com:443/news-releases/fmc-corporation-announces-new-executive-role-vice-president-and-chief-sustainability-officer-and-elects-new-vice-president-of-procurement-and-global-facilities-301159176.html

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Energy

SESCO Lighting Announces new CEO

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Mr. Palk has been VP Sales and Marketing and helped lead the company to record sales and growth over the past four years. Prior to VP Sales and Marketing, he opened the Knoxville, TN, branch for SESCO in 2007. Mr. Palk stated, “It’s been a remarkable journey since starting as an office of one in Knoxville and growing that location into a successful branch. Having performed nearly every function in the company, I’m excited to take on this new role in leading SESCO to new heights. I certainly have some big shoes to fill and am looking forward to taking on the challenge and helping to continue the growth of our great employee-owned company and family culture.”

Mr. Langner has been with SESCO for over 12 years, beginning as Senior VP of Business Development, and then President and CEO for the past five years. He has been responsible for implementation and execution of strategy for new divisions such as Public Sector and National Accounts; along with overall coordination of BDL, a custom lighting supplier and manufacturer; as well as the Distributor Solutions Group/Industrial and Energy Divisions. Mr. Langner’s new role for SESCO will be President Emeritus, which will have him primarily focused on Mergers and Acquisitions/Strategic Alliances as well as identifying strategic growth initiatives (such as a new Horticultural Division); as well as remaining on their Board of Directors.

ABOUT SESCO LIGHTING, INC.

Founded in 1967, SESCO Lighting has become the nation’s largest and most successful lighting manufacturer’s representative company, with more than 280 employees and annual sales exceeding $300 million. The company is 100% employee owned with 14 branch offices and eight divisions covering Florida, Georgia, Alabama, Tennessee, Mississippi and the Caribbean.

SOURCE SESCO Lighting

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http://www.sescolighting.com

Source: https://www.prnewswire.com:443/news-releases/sesco-lighting-announces-new-ceo-301159204.html

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