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McDermott Announces Leadership Change

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HOUSTON, June 7, 2021 /PRNewswire/ — McDermott International, Ltd today announced that Lee McIntire, an independent director on the McDermott Board of Directors, will assume the responsibilities of interim Chief Executive Officer effective immediately. David Dickson, Chief Executive Officer, has decided to resign.

“Lee is a strategic and pragmatic leader,” said Nils Larsen, Lead Director. “He brings extensive experience leading successful engineering and construction firms and will work closely with McDermott’s executive leaders. McDermott has outstanding capabilities, resources, and talent, and we are confident in the Company’s future. I also want to thank David for his service and wish him the very best.”

Mr. McIntire said, “I have admired McDermott’s project execution and customer focus for years and was pleased to join the Board last year. I have confidence in the organization and am committed to staying focused on safety, efficiency, the environment, and our customers.”

About Lee McIntire

Mr. McIntire was recruited to join McDermott’s Board of Directors in July 2020. He brings more than 35 years in customer-focused construction engineering and executive leadership.

Mr. McIntire most recently served as Chief Executive Officer of Terrapower from August 2015 to October 2018 and was previously Chairman, Chief Executive Officer and President of CH2M HILL, a global engineering services company, from 2006 to 2014. At CH2M HILL, Mr. McIntire doubled company revenue, grew the workforce to more than 30,000, and expanded the company’s international presence.

Prior to joining CH2M HILL, Mr. McIntire was a Partner and Executive Vice President and a member of the board of the Bechtel Corporation from 1989 to 2004. Mr. McIntire has served on multiple corporate boards including the Executive Committee of the Nuclear Energy Institute, National Petroleum Council, and British Aerospace (BAE). He is currently a board member for Ovintiv (Encana) and Spur Petroleum.

Mr. McIntire holds a Bachelor’s of Science Degree from the University of Nebraska College of Civil Engineering and a Master’s Degree from the Thunderbird School of Global Management in Arizona. He attended the Executive Management Program at Dartmouth’s Tuck School of Business and served as executive-in-residence at the University of California, Davis, Graduate School of Management.

About McDermott

McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach to design and build infrastructure solutions to responsibly transport and transform oil and gas into the products the world needs today. From concept to commissioning, our expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. It is called the “One McDermott Way.” Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 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

McDermott cautions that statements in this communication that provide other than historical information are forward-looking and involve risks, contingencies and uncertainties. These forward-looking statements may include, among other things, statements about the business plans 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 be correct. Forward-looking statements are made based upon 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 or capital 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; actions by lenders or other creditors of McDermott 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 anticipated by forward-looking statements. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott’s management 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
[email protected] 

Global Media Relations
Gentry Brann
Senior Vice President
+1 281 870 5269
[email protected] 

SOURCE McDermott International, Ltd

Related Links

http://www.mcdermott.com

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Source: https://www.prnewswire.com:443/news-releases/mcdermott-announces-leadership-change-301307052.html

Energy

Les meilleures start-ups pour la ville durable du monde récompensées par le Future Hamburg Award

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HAMBOURG, Allemagne, 13 juin 2021 /PRNewswire/ — Le prix Future Hamburg Award 2021 a été remis lors de la journée internationale de l’innovation numérique par Plug-and-Play Hamburg le 10 juin 2021.

Les startups Breeze Technologies, traceless materials et Infinite Mobility sont les lauréats de cette année. Basés en Norvège et en Allemagne, elles ont convaincu le jury avec des solutions intelligentes pour des villes durables. Les trois gagnants rejoindront un programme sur mesure à Hambourg, créé par la Startup-Unit de la ville. Pour la première place, Breeze Technologies participera au programme international d’accélération Plug-and-Play dans la Silicon Valley. Des entreprises prometteuses de 15 pays avaient déposé leur candidature pour le prix. Les prix bonus, décernés par homePORT, partenaire du prix, ont été attribués à Blue Atlas Robotics (Danemark) et KONVOI (Allemagne).

Lauréats du Future Hamburg Award 2021 :

  1. Breeze Technologies, Allemagne
    Basée à Hambourg et à Copenhague, Breeze Technologies est déjà un leader technologique dans le domaine des capteurs, des données et de l’analyse de la qualité de l’air. Leurs capteurs permettent de surveiller la qualité de l’air en temps réel et à l’échelle d’une zone, que ce soit dans des locaux professionnels ou dans des environnements urbains. En associant un modèle commercial performant à la lutte contre la pollution atmosphérique, Breeze Technologies a le potentiel pour se développer à l’échelle internationale. www.breeze-technologies.de
  2. traceless materials, Allemagne
    traceless materials a créé une alternative écologique au plastique. Avec son produit de substitution innovant, la startup spécialisée dans la bioéconomie contribue à résoudre le problème mondial de la pollution environnementale. Cette technologie utilise des sous-produits de l’industrie agricole pour produire des films stables au stockage, des matériaux solides et des revêtements très fins qui sont entièrement compostables. www.traceless.eu
  3. Infinite Mobility, Norvège
    Infinite Mobility développe des véhicules légers, alimentés par l’énergie solaire, pour la mobilité urbaine, pour de courts trajets en ville. L’entreprise soutient les objectifs de développement durable des Nations unies et le développement de villes durables, car ses tuk-tuks innovants fonctionnant à l’énergie solaire sont rentables, sûrs et peu encombrants. www.infinite-m.no.

Depuis 2019 et pour la deuxième fois, le prix Future Hamburg Award est décerné par Hamburg Marketing pour la ville de Hambourg. En tant que centre de la mobilité innovante, Hambourg accueille le congrès mondial ITS 2021. Avec la région métropolitaine du nord de l’Allemagne qui l’entoure, Hambourg est en passe de devenir la plaque tournante de l’hydrogène vert en Europe. Cela fait de la deuxième plus grande ville d’Allemagne le lieu idéal pour les innovations et l’accès aux marchés internationaux.

Plus d’informations : https://future.hamburg/future-hamburg-award.

– La photo est disponible sur AP Images (http://www.apimages.com) –

Contact :

Hamburg Marketing GmbH
Matthias Beer
[email protected]

Related Links

https://marketing.hamburg.de/

SOURCE Hamburg Marketing GmbH

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Energy

Las mejores «startups» del mundo en pro de la ciudad sostenible, galardonadas con el Future Hamburg Award

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HAMBURGO, Alemania, 13 de junio de 2021 /PRNewswire/ — El galardón se presentó en el Día Internacional de la Innovación digital de Plug-and-Play Hamburg el 10 de junio de 2021.

Las empresas emergentes Breeze Technologies, traceless materials e Infinite Mobility son las ganadoras de este año. Con sede en Noruega y Alemania, convencieron al jurado con soluciones inteligentes para ciudades sostenibles. Las tres empresas ganadoras se incorporarán a un programa hecho a medida en Hamburgo por la Startup-Unit de la ciudad. Como ganadora del primer premio, Breeze Technologies participará en el programa acelerador internacional de Plug-and-Play en Silicon Valley. A este galardón se habían presentado empresas prometedoras de 15 países. Los premios adicionales, otorgados por el socio del galardón, homePORT, se otorgaron a Blue Atlas Robotics (Dinamarca) y KONVOI (Alemania).

Ganadores del galardón Future Hamburg Award 2021: 

  1. Breeze Technologies, Alemania 
    Con sede en Hamburgo y Copenhague, Breeze Technologies ya es un líder tecnológico en el ámbito de los sensores, los datos y los análisis de la calidad del aire. Sus sensores permiten controlar en tiempo real la calidad del aire en toda la zona, ya sea en instalaciones empresariales o en entornos urbanos. Combinando un modelo de negocio de éxito con los esfuerzos para reducir la contaminación atmosférica, Breeze Technologies tiene potencial para prosperar a nivel internacional. www.breeze-technologies.de
  2. traceless materials, Alemania 
    traceless materials ha creado una alternativa ecológica al plástico. Con su innovador producto sustitutivo, la empresa emergente de bioeconomía contribuye a resolver el problema mundial de la contaminación ambiental. La tecnología utiliza subproductos de la industria agrícola para obtener películas estables de almacenamiento, materiales sólidos y revestimientos muy finos que son totalmente compostables. www.traceless.eu
  3. Infinite Mobility, Noruega
    Infinite Mobility desarrolla vehículos ligeros de movilidad urbana impulsados por energía solar para trayectos cortos por el centro de la ciudad. La empresa respalda los Objetivos de Desarrollo Sostenible de la ONU y el desarrollo de ciudades sostenibles, ya que sus innovadores «tuk-tuk», impulsados por energía solar, son rentables, seguros y ocupan poco espacio.www.infinite-m.no.

El galardón Future Hamburg Award, que se celebra por segunda vez desde 2019, lo otorga Hamburg Marketing en nombre de la ciudad de Hamburgo. Como centro de la movilidad innovadora, Hamburgo acoge el Congreso Mundial de ITS 2021. En el norte de Alemania, Hamburgo y la región metropolitana circundante están en vías de convertirse en el centro del hidrógeno ecológico de Europa. Esto hace que la segunda ciudad más grande de Alemania sea el lugar ideal para la innovación y el acceso al mercado internacional.

Más información: https://future.hamburg/future-hamburg-award.

– La imagen está disponible en AP Images (http://www.apimages.com) –

Contacto:
Hamburg Marketing GmbH
Matthias Beer
[email protected]

Related Links

https://marketing.hamburg.de/

SOURCE Hamburg Marketing GmbH

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Energy

Nuclear waste recycling is a critical avenue of energy innovation

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No single question bedevils American energy and environmental policy more than nuclear waste. No, not even a changing climate, which may be a wicked problem but nonetheless receives a great deal of counter-bedeviling attention.

It’s difficult to paint the picture with a straight face. Let’s start with three main elements of the story.

First, nuclear power plants in the United States generate about 2,000 metric tons of nuclear waste (or “spent fuel”) per year. Due to its inherent radioactivity, it is carefully stored at various sites around the country.

Second, the federal government is in charge of figuring out what to do with it. In fact, power plant operators have paid over $40 billion into the Nuclear Waste Fund so that the government can handle it. The idea was to bury it in the “deep geological repository” embodied by Yucca Mountain, Nevada, but this has proved politically impossible. Nevertheless, $15 billion was spent on the scoping.

Third, due to the Energy Department’s inability to manage this waste, it simply accumulates. According to that agency’s most recent data release, some 80,000 metric tons of spent fuel—hundreds of thousands of fuel assemblies containing millions of fuel rods—is waiting for a final destination.

And here’s the twist ending: those nuclear plant operators sued the government for breach of contract and, in 2013, they won. Several hundred million dollars is now paid out to them each year by the U.S. Treasury, as part of a series of settlements and judgments. The running total is over $8 billion.

I realize this story sounds a little crazy. Am I really saying that the U.S. government collected billions of dollars to manage nuclear waste, then spent billions of dollars on a feasibility study only to stick it on the shelf, and now is paying even more billions of dollars for this failure? Yes, I am.

Fortunately, all of the aggregated waste occupies a relatively small area and temporary storage exists. Without an urgent reason to act, policymakers generally will not.

While attempts to find long-term storage will continue, policymakers should look towards recycling some of this “waste” into usable fuel. This is actually an old idea. Only a small fraction of nuclear fuel is consumed to generate electricity.

Proponents of recycling envision reactors that use “reprocessed” spent fuel, extracting energy from the 90% of it leftover after burn-up. Even its critics admit that the underlying chemistry, physics, and engineering of recycling are technically feasible, and instead assail the disputable economics and perceived security risks.

So-called Generation IV reactors come in all shapes and sizes. The designs have been around for years—in some respects, all the way back to the dawn of nuclear energy—but light-water reactors have dominated the field for a variety of political, economic, and strategic reasons. For example, Southern Company’s twin conventional pressurized water reactors under construction in Georgia each boast a capacity of just over 1,000-megawatt (or 1 gigawatt), standard for Westinghouse’s AP 1000 design.

In contrast, next-generation plant designs are a fraction of the size and capacity, and also may use different cooling systems: Oregon-based NuScale Power’s 77-megawatt small modular reactor, San Diego-based General Atomics’ 50-megawatt helium-cooled fast modular reactor, Alameda-based Kairos Power’s 140-megawatt molten fluoride salt reactor, and so on all have different configurations that can fit different business and policy objectives.

Many Gen-IV designs can either explicitly recycle used fuel or be configured to do so. On June 3, TerraPower (backed by Bill Gates), GE Hitachi, and the State of Wyoming announced an agreement to build a demonstration of the 345-megawatt Natrium design, a sodium-cooled fast reactor.

Natrium is technically capable of recycling fuel for generation. California-based Oklo has already reached an agreement with Idaho National Laboratory to operate its 1.5-megawatt “microreactor” off of used-fuel supplies. In fact, the self-professed “preferred fuel” for New York-based Elysium Industries’ molten salt reactor design is spent nuclear fuel and Alabama-based Flibe Energy advertises the waste-burning capability of its thorium reactor design.

Whether advanced reactors rise or fall does not depend on resolving the nuclear waste deadlock. Though such reactors may be able to consume spent fuel, they don’t necessarily have to. Nonetheless, incentivizing waste recycling would improve their economics.

“Incentivize” here is code for “pay.” Policymakers should consider ways that Washington can make it more profitable for a power plant to recycle fuel than to import it—from Canada, Kazakhstan, Australia, Russia, and other countries.

Political support for advanced nuclear technology, including recycling, is deeper than might be expected. In 2019, the Senate confirmed Dr. Rita Baranwal as the Assistant Secretary for Nuclear Energy at the Department of Energy (DOE). A materials scientist by training, she emerged as a champion of recycling.

The new Biden administration has continued broadly bipartisan support for advanced nuclear reactors in proposing in its Fiscal Year 2022 Budget Request to increase funding for the DOE’s Office of Nuclear Energy by nearly $350 million. The proposal includes specific funding increases for researching and developing reactor concepts (plus $32 million), fuel cycle R&D (plus $59 million), and advanced reactor demonstration (plus $120 million), and tripling funding for the Versatile Test Reactor (from $45 million to $145 million, year over year).

In May, the DOE’s Advanced Research Projects Agency-Energy (ARPA-E) announced a new $40 million program to support research in “optimizing” waste and disposal from advanced reactors, including through waste recycling. Importantly, the announcement explicitly states that the lack of a solution to nuclear waste today “poses a challenge” to the future of Gen-IV reactors.

The debate is a reminder that recycling in general is a very messy process. It is chemical-, machine-, and energy-intensive. Recycling of all kinds, from critical minerals to plastic bottles, produces new waste, too. Today, federal and state governments are quite active in recycling these other waste streams, and they should be equally involved in nuclear waste.

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Source: https://techcrunch.com/2021/06/13/nuclear-waste-recycling-is-a-critical-avenue-of-energy-innovation/

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Energy

Společnost Risen Energy představila na veletrhu SNEC 2021 první masově vyráběný 700 W vysoce účinný napájecí modul NewT@N

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Modul [email protected] je motorem globální zelené energetické revoluce a zahajuje éru čistých nulových emisí  

NINGBO, Čína, 12. června 2021  /PRNewswire/ — Uprostřed nabitého veletrhu SNEC 2021 upoutala společnost Risen Energy Co., Ltd. („Risen Energy”), přední výrobce vysoce výkonných solárních fotovoltaických produktů úrovně 1, pozornost vystavovatelů i účastníků uvedením modulu [email protected], prvního sériově vyráběného solárního modulu s výkonem až 700 W.

Modul [email protected], který byl představen 3. června, znamená příchod éry fotovoltaiky 7.0 a slibuje stabilnější výkon a vyšší produkci energie na jediném křemíkovém plátku o velikosti 210 mm. [email protected] je zkratka pro technologii nazvanou „Nové tunelování oxidu / amorfního křemíku (@) typu N”. Znak „@” znamená kombinovanou pasivaci oxidu (o) a amorfního křemíku (a). Díky technologii [email protected] je společnost Risen Energy schopna vyřešit problém vysoké míry povrchové rekombinace tradičních PERC článků na kovových plochách, což zlepšuje elektromotorické napětí a účinnost článků. [email protected] je nejnovějším příkladem toho, jak společnost Risen Energy využívá svou špičkovou technologii modulů k uspokojení rostoucí celosvětové poptávky po zelené energetické revoluci a přispívá k dosažení cíle čistých nulových emisí.

„S tím, jak svět postupuje v cestě k uhlíkově neutrální budoucnosti, roste instalovaná kapacita zelené energie rychlým tempem. Na trhu se objevily stovky nových společností a fotovoltaický průmysl čelí nebývalému nárůstu příležitostí a výzev. Ve společnosti Risen Energy nám naše vědecké výzkumné instituce na národní úrovni a mezinárodně certifikované laboratoře umožnily stát v čele této transformace. S našimi nejnovějšími fotovoltaickými moduly, založenými na platformě 210 mm křemíkových destiček, můžeme účinně snížit náklady na kilowatthodinu, generovat nejvyšší možné příjmy pro zákazníky a přispět ke globálnímu snížení uhlíkových emisí,” uvedla společnost.

Vysoce výkonný solární modul [email protected] 700 W využívá pokročilé technologie, jako je nedestruktivní řezání naříznutých solárních článků, vícenásobné sběrnice (MBB) a balení s vysokou hustotou, které zlepšují účinnost a účinně snižují riziko praskání článků a vzniku míst přehřívání. Modul navíc kombinuje výhody a doplňuje technologie solárních článků nové generace TOPCon a HJT. Díky tomu se [email protected] může pochlubit celkovou účinností modulu 22,5 % a kontrolovanými náklady v rámci standardů hromadné výroby.

[email protected] je také zářným příkladem nové nízkonapěťové, vysokoproudové řady společnosti Risen Energy. Nízkonapěťové výrobky, jako jsou křemíkové destičky o velikosti 210 mm, zvládnou vyšší zátěž a pojmou větší instalovanou kapacitu. Podle odhadů ve srovnání s tradičními moduly o velikosti 182 mm a výkonu 540 W zvyšuje [email protected] výrazně účinnost výroby energie a stabilní výkon a současně snižuje náklady. Díky modulu lze snížit podlahovou plochu o 6,6 % a zvýšit instalovaný výkon o 29,63 %, což znamená snížení celkových nákladů BOS o 6,68 až 8,95 % a nákladů LCOE o 4,84 až 6,16 %.

S blížící se érou fotovoltaiky 7.0 je uvedení modulu [email protected] připraveno posunout odvětví na novou úroveň. Do budoucna bude společnost Risen Energy i nadále využívat své špičkové technologie, aby udržela krok se současnými odbytišti pro výrobu energie, podpořila snižování nákladů LCOE a v konečném důsledku přinesla zákazníkům větší výhody. Zároveň bude společnost neustále investovat do výzkumu a vývoje s cílem splnit požadavky zelené energetické revoluce a zahájit globální éru čistých nulových emisí.

O společnosti Risen Energy

Společnost Risen Energy je předním světovým výrobcem vysoce výkonných fotovoltaických produktů úrovně 1 s hodnocením „AAA” a poskytovatelem komplexních obchodních řešení pro výrobu energie. Společnost, která byla založena v roce 1986 a v roce 2010 vstoupila na burzu, vytváří hodnoty pro své globální zákazníky. Technické a obchodní inovace, spolu se špičkovou kvalitou a podporou, přinášejí komplexní obchodní řešení společnosti Risen Energy v oblasti fotovoltaiky, která patří k nejvýkonnějším a nákladově nejefektivnějším v oboru. Díky přítomnosti na místním trhu a silnému finančnímu zázemí jsme odhodláni a schopni budovat strategickou, oboustranně výhodnou spolupráci s našimi partnery a společně využít rostoucí hodnotu zelené energie.

Related Links

www.risenenergy.com

SOURCE Risen Energy Co., Ltd

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