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Tenneco Monroe® Intelligent Suspension Technology to be Featured on Volkswagen ID.4 Electric SUV




LAKE FOREST, Ill., April 30, 2021 /PRNewswire/ — The Volkswagen ID.4 crossover SUV, the second model in the automaker’s new series of all-electric vehicles, features for Europe and China an optional Continuously Variable Semi-Active suspension with external valve (CVSAe) technology from Tenneco. The CVSAe system is one of several advanced suspension technologies available within Tenneco’s Monroe® Intelligent Suspension portfolio. It is engineered to address the increased inertial loads encountered on vehicles equipped with battery packs and is also featured as an option on the Volkswagen ID.3 hatchback, now available in Europe.

CVSAe semi-active dampers include several design and construction features that extend load capacity and damping force tuning range for vehicles equipped with lithium-ion battery packs. The added weight of EV batteries can increase damping requirements in a variety of driving situations. CVSAe technology automatically applies added damping force in these situations to reduce body pitch, or “brake dive,” while maintaining outstanding ride comfort.

The system senses and continuously adapts to changing road and driving conditions via four electronically controlled dampers. An electronic control unit (ECU) processes various sensor inputs and adjusts the electronic valve to individually control the performance of each damper. The driver can select a preferred driving mode, either Comfort or Sport, to experience the desired ride and handling characteristics.

“CVSAe technology helps elevate the driving experience, whether in an urban environment, on a highway or a winding road,” said Henrik Johansson, vice president and general manager, Advanced Suspension Technologies, Tenneco. “We are confident that consumers who choose these new Volkswagen models will enjoy the differentiated ride and handling of our proven, highly versatile suspension.”

Manufactured at Volkswagen Group’s Zwickau, Germany, facility, the ID.4 offers an extensive range of modern, driver-focused technologies, including voice-activated controls, heads-up display projected onto the windshield, touchscreen infotainment system and more. ID.4 models equipped with CVSAe technology offer the added benefit of a world-class ride.

CVSAe suspension technology from Tenneco is featured in more than 40 popular vehicle models. To learn more, visit

About Tenneco
Tenneco is one of the world’s leading designers, manufacturers and marketers of automotive products for original equipment and aftermarket customers, with full year 2020 revenues of $15.4 billion and approximately 73,000 team members working at more than 270 sites worldwide. Through our four business groups, Motorparts, Ride Performance, Clean Air and Powertrain, Tenneco is driving advancements in global mobility by delivering technology solutions for diversified global markets, including light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.

Visit to learn more.

Media contacts:

Bill Dawson

Simonetta Esposito

Media Relations – North America

Media Relations – Europe

847 482-5807             

32 (0) 2 706 9232

[email protected]

[email protected]


SOURCE Tenneco Inc.

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Price pressures may delay 15% of utility-scale solar projects this year, Roth Capital warns




Shaving off 15% would trim new capacity additions by more than 2.3 GW this year alone, based on Energy Information Administration forecasts. Higher prices throughout the solar supply chain are being blamed.

Equity research firm Roth Capital Advisors warned clients in a May 16 research note that current price pressures could delay as much as 15% of planned 2021 utility scale solar development.

“With everything at elevated levels, some projects will get pushed,” the firm said.

Roth Capital said that U.S. utility scale module pricing six months ago for delivery in the third quarter of 2022 was on the order of $0.25 per Watt freight on board (FOB), or $0.27/W delivered duty paid (DDP).

It pegged more recent pricing at $0.28/W FOB and as high as $0.32/W DDP. It said that with unlevered internal rates of return as low as 4-8% and levered IRRs of between 13-18%, “there is not much room to absorb input cost inflation.”

Roth Capital said that with unlevered internal rates of return as low as 4-8% and levered IRRs of between 13-18%, “there is not much room to absorb input cost inflation.”

Image: NREL/Dennis Schroeder

The U.S. Energy Information Administration’s most recent Short Term Energy Outlook forecast utility-scale solar additions to be around 15.7 GW this year and 15.9 GW in 2022. Shaving off 15% would trim new capacity additions by more than 2.3 GW this year alone.

Roth Capital said that pricing appears to be up across the solar value chain. It reported that Tongwei raised its cell pricing for the fourth time in a month, and that LONGi announced its largest price increase in the last 12 months.


In a quarterly earnings statement, Albuquerque-based Array Technologies, which makes single-axis trackers, said the industry is dealing with increases in steel and shipping costs that are “unprecedented both in their magnitude and rate of change.” It said that compared to the first quarter or 2020, spot prices of hot rolled coil steel more than doubled in the first quarter of 2021. It said prices have continued to increase in the second quarter with spot prices up “over 10% since April 1.”

Array said that steel makes up almost half of its cost of goods sold.

Image: Array Technologies

Array said that steel makes up almost half of its cost of goods sold. And because it does hold large inventories, “a significant increase in the price of steel over a short period of time can negatively impact our results.”

The company said it was passing through higher commodity and shipping costs to customers, fixing commodity prices with suppliers, entering into long-term contracts with freight providers, further diversifying its supply base, and increasing order lead-times to give it more time to procure raw material.

Array said that it believed that its competitors were being hit by the same cost increases and, in some cases, “much more significantly because their smaller size gives them less buying power with suppliers.” The near-term pressure could help it grow its market share if some competitors are unable to deliver given their inability to buy raw materials at a competitive price “or at all.”

Array said it expected steel prices and shipping costs to normalize once the “restart” of the global economy is complete following the Covid-19 pandemic shutdowns. Even so, in its earnings statement, the company suspended its performance guidance for the rest of the year. It said it expected to update guidance following a review of all of its open purchase orders, and once commodity and shipping prices stabilize.

100% price increase

Array Technologies is not alone in feeling the effects of higher supply chain prices. In its quarterly earnings report, SolarEdge Technologies warned that a spike in ocean freight rates was likely to impact its second quarter results.

SolarEdge said that at time it has had to pay more for a component or resort to air transport.

Image: Davi Wagman

“Ocean freight prices have increased by more than 100% over the last month, and our pre-negotiated prices have gradually expired and exposed us to higher fright costs worldwide,” said Ronan Faier, SolarEdge’s chief financial officer in an early May earnings call. Higher costs for certain components and freight costs related to the expedited shipping of components will also factor into lower Q2 margins, he said.

Faier said SolarEdge is managing component shortages while still being able to meet its annual operating plan. At times, however, it has had to pay more for a component or resort to air transport to ship components to its contract manufacturers’ facilities.

In an earlier market research note, Roth Capital described 2020 as a year of upside driven by an ever-improving demand outlook. By contrast, it characterized 2021 as a “supply-side story” with “steady and unrelenting increase” in prices of raw materials and components.

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Electrolyzer Market to Reach $0.9 Bn, Globally, by 2027 at 24.6% CAGR: Allied Market Research




PORTLAND, Ore., May 18, 2021 /PRNewswire/ — Allied Market Research published a report, titled,“Electrolyzer Market by Product (Alkaline Electrolyzer, PEM Electrolyzer, and Solid Oxide Electrolyzer), Capacity (Less Than 500 Kw, 500 Kw to 2 MW, and Above 2 MW), and Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heat & Power, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.”According to the report, the global electrolyzer industry generated $0.2 billion in 2019, and is expected to generate $0.9 billion by 2027, witnessing a CAGR of 24.6% from 2020 to 2027.

Drivers, restraints, and opportunities

Supportive government initiatives toward reducing carbon emissions and lower costs of renewable energy drive the growth of the global electrolyzer market. However, limited technological advancements, delayed permits, and constraints related to equipment supply hinder the market growth. On the other hand, demand for on-site electrolyzer installation from the industrial sector owing to decarbonization creates new opportunities in the coming years.

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Covid-19 Scenario

  • Owing to partial or complete lockdown imposed in many countries, manufacturing activities have been stopped or facilities have been shut down. In addition, there has been a disruption in the supply chain, which resulted in, supply-demand gap.
  • The demand for electrolyzers from various industries such as transportation, power generation, and others reduced as daily operations were stopped to restrain the spread of novel coronavirus. However, the demand would recover soon as daily operations begin in full capacity in these sectors.

The alkaline electrolyzer segment to maintain its dominant share in terms of revenue by 2027

Based on product, the alkaline electrolyzer segment accounted for the largest market share in 2019, contributing to nearly three-fifths of the global electrolyzer market, and is expected to maintain its dominant share in terms of revenue during the forecast period. This is due toits widespread adoption asit is the oldest form of electrolysis method. However, the PEM electrolyzer segment is projected to witness the highest CAGR of 25.1% from 2020 to 2027, owing to technological advancement and higher stability offered by them.

Get detailed COVID-19 impact analysis on the Electrolyzer Market:

The power generation segment to maintain its leadership status throughout the forecast period

Based on application, the power generation segment contributed to the highest share in 2019, accounting for nearly one-third of the global electrolyzer market, and will maintain its leadership status throughout the forecast period. This is due to demand from the industrial sector for on-site electrolyzer setup. However, the transportation segment is expected to register the largest CAGR of 25.4% from 2020 to 2027. This is attributed to increased investment in electrolyzer technology for fuel cells to be used in electric vehicles.

Europe, followed by Asia-Pacific and North America, to continue its lead position by 2027

Based on region, Europe, followed by Asia-Pacific and North America, accounted for the highest share in terms of revenue in 2019, holding nearly two-fifths of the global electrolyzer market, and will continue its lead position by 2027. This is attributed toseveral initiatives from the European government for encouraging decarbonization. However, Asia-Pacific is expected to manifest the fastest CAGR of 25.1% during the forecast period, owing toincreased electric vehicle market in several countries such as China, Japan, South Korea, and India.

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Leading market players

  • Hydrogenics
  • Nel ASA
  • Siemens Energy Global GmbH, Co. KG. AG
  • Toshiba
  • Air Liquide
  • Plug Power
  • McPhy Energy
  • ITM Power
  • Idroenergy
  • Next Hydrogen

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Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world’s largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
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SOURCE Allied Market Research

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FirstEnergy Executives Address Shareholders




AKRON, Ohio, May 18, 2021 /PRNewswire/ — FirstEnergy Corp. (NYSE: FE) President and Chief Executive Officer Steven E. Strah told shareholders today that the company is embarking on a transformation designed to deliver exceptional value to customers and shareholders, while it continues to implement its successful long-term growth strategies.

Speaking at the company’s 2021 Annual Meeting of Shareholders, Strah noted FirstEnergy’s strong operational and financial performance in 2020, and its continuing commitment to enhance and upgrade its energy infrastructure for the benefit of customers. He also explained that the leadership team is intently focused on the future of the company as it works to restore trust with stakeholders, achieve bold companywide goals that support its vision for the future, and drive its new FE Forward initiative to re-evaluate business practices, processes and the way decisions are made.

“We are eager to make progress on our transformational journey and achieve the goals that we’ve set to become a more resilient, innovative, diverse and sustainable company,” he said.

Through FE Forward, Strah said the company has identified more than 300 opportunities to automate processes, take a more strategic approach to operating expenditures, and modernize experiences for customers and employees.

“At its core, FE Forward is designed to support near-term financial resiliency and flexibility while opening new opportunities for long-term growth,” Strah added.

He noted that the efficiencies in capital and O&M expenditures realized through the program can be strategically reinvested into building a smarter and cleaner electric grid that benefits FirstEnergy’s customers and communities.

“Becoming a more diverse and sustainable company is also important to our company’s transformation,” Strah said.

Strah cited the company’s aspiration to achieve a 30% increase in racially and ethnically diverse employees, both companywide and at the supervisor-and-above leadership level by 2025, and its commitment to be carbon neutral by 2050, with a 30% reduction in greenhouse gas emissions within its direct operational control by 2030 as examples of goals that will lay the groundwork for FirstEnergy’s continued progress in the years ahead.

“It’s my privilege to continue leading the company as we navigate our current challenges and position our business for long-term stability and success,” he said.

During the meeting, Vice Chair and Executive Director John Somerhalder spoke to shareholders about the efforts of the Board and leadership team to build a best-in-class compliance program. He explained that the company is focused on embedding compliance, ethics, accountability and integrity into its culture, beginning with the Board of Directors and senior leadership.

“Together, we’re working to create an environment where not only our words, but our actions, align with our core values and behaviors. Success in this area is vital to our path forward as a company,” he said.

A transcript of the prepared remarks used by Strah and Somerhalder can be found here.

Preliminary Voting Results 

FirstEnergy also announced preliminary voting results from its 2021 Annual Meeting. Shareholders reelected 13 directors to new one-year terms on the company’s Board and elected new director Melvin Williams. Shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm and approved, on an advisory basis, named executive officer compensation.  

All preliminary voting results are subject to final certification.

The following directors were elected to one-year terms:

  • Michael J. Anderson, chairman of the board of The Andersons, Inc.
  • Steven J. Demetriou, chairman, chief executive officer and director of Jacobs Engineering Group Inc.
  • Julia L. Johnson, president of NetCommunications, LLC
  • Jesse A. Lynn, general counsel of Icahn Enterprises, L.P.
  • Donald T. Misheff, non-executive chair of the FirstEnergy Corp. Board of Directors, retired managing partner of the Northeast Ohio offices of Ernst & Young LLP
  • Thomas N. Mitchell, chairman of the World Association of Nuclear Operators
  • James F. O’Neil III, chief executive officer and vice chairman of Orbital Energy Group
  • Christopher D. Pappas, retired president and chief executive officer of Trinseo S.A.
  • Luis A. Reyes, retired regional administrator of the U.S. Nuclear Regulatory Commission
  • John W. Somerhalder, II, vice chair and executive director of the FirstEnergy Board of Directors and member of management
  • Steven E. Strah, president and CEO of FirstEnergy
  • Andrew Teno, portfolio manager of Icahn Capital LP
  • Leslie M. Turner, retired senior vice president, general counsel and corporate secretary of The Hershey Company
  • Melvin Williams, retired president of Nicor Gas and senior vice president of Southern Company Gas

FirstEnergy is dedicated to integrity, 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 more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at

Forward-Looking Statements: This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management’s intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms “anticipate,” “potential,” “expect,” “forecast,” “target,” “will,” “intend,” “believe,” “project,” “estimate,” “plan” and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the effectiveness of our ongoing discussions with the U.S. Attorney’s Office of the S.D. Ohio to resolve its investigation with respect to us; the results of the internal investigation and evaluation of our controls framework and remediation of our material weakness in internal control over financial reporting; the risks and uncertainties associated with government investigations regarding Ohio House Bill 6 and related matters including potential adverse impacts on federal or state regulatory matters including, but not limited to, matters relating to rates; the potential of non-compliance with debt covenants in our credit facilities due to matters associated with the government investigations regarding Ohio House Bill 6 and related matters; the risks and uncertainties associated with litigation, arbitration, mediation and similar proceedings; legislative and regulatory developments, including, but not limited to, matters related to rates, compliance and enforcement activity; the ability to accomplish or realize anticipated benefits from strategic and financial goals, including, but not limited to, maintaining financial flexibility, overcoming current uncertainties and challenges associated with the ongoing government investigations, executing our transmission and distribution investment plans, greenhouse gas reduction goals, controlling costs, improving our credit metrics, strengthening our balance sheet and growing earnings; economic and weather conditions affecting future operating results, such as a recession, significant weather events and other natural disasters, and associated regulatory events or actions in response to such conditions; mitigating exposure for remedial activities associated with retired and formerly owned electric generation assets; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets affecting us, including the increasing number of financial institutions evaluating the impact of climate change on their investment decisions; the extent and duration of COVID-19 and the impacts to our business, operations and financial condition resulting from the outbreak of COVID-19 including, but not limited to, disruption of businesses in our territories, volatile capital and credit markets, legislative and regulatory actions, including the vaccine’s efficacy and the effectiveness of its distribution; the effectiveness of our pandemic and business continuity plans, the precautionary measures we are taking on behalf of our customers, contractors and employees, our customers’ ability to make their utility payment and the potential for supply-chain disruptions; actions that may be taken by credit rating agencies that could negatively affect either our access to or terms of financing or our financial condition and liquidity; changes in assumptions regarding economic conditions within our territories, the reliability of our transmission and distribution system, or the availability of capital or other resources supporting identified transmission and distribution investment opportunities; changes in customers’ demand for power, including, but not limited to, the impact of climate change or energy efficiency and peak demand reduction mandates; changes in national and regional economic conditions affecting us and/or our major industrial and commercial customers or others with which we do business; the risks associated with cyber-attacks and other disruptions to our information technology system, which may compromise our operations, and data security breaches of sensitive data, intellectual property and proprietary or personally identifiable information; the ability to comply with applicable reliability standards and energy efficiency and peak demand reduction mandates; changes to environmental laws and regulations, including, but not limited to, those related to climate change; changing market conditions affecting the measurement of certain liabilities and the value of assets held in our pension trusts and other trust funds, or causing us to make contributions sooner, or in amounts that are larger, than currently anticipated; labor disruptions by our unionized workforce; changes to significant accounting policies; any changes in tax laws or regulations, or adverse tax audit results or rulings; and the risks and other factors discussed from time to time in our SEC filings. Dividends declared from time to time on FirstEnergy Corp.’s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by FirstEnergy Corp.’s Board of Directors at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. These forward-looking statements are also qualified by,  and should be read together with, the risk factors included in FirstEnergy Corp.’s filings with the SEC, including but not limited to the most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The foregoing review of factors also should not be construed as exhaustive. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on FirstEnergy Corp.’s business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy Corp. expressly disclaims any obligation to update or revise, except as required by law, any forward-looking statements contained herein or in the information incorporated by reference as a result of new information, future events or otherwise. 

SOURCE FirstEnergy Corp.

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BraunAbility Launches Toyota Sienna Hybrid — Its Most Advanced Conversion




The industry’s first retail hybrid wheelchair-accessible vehicle to achieve 36 miles-per-gallon combined fuel efficiency, BraunAbility is taking the next step in providing fuel-efficient and eco-conscious wheelchair-accessible vehicles to its customers. This move is long overdue, considering 78 percent of registered voters support setting stronger fuel efficiency standards for cars, trucks and SUVs, according to a 2020 Yale Program on Climate Change Communication report.

Clocking in at more than 55,000 engineering hours, BraunAbility’s newest conversion prioritizes space and maximizes maneuverability for wheelchair users. The thoughtful conversion design retains every inch of navigable cabin space and includes an extra-wide doorway and driver position for easy maneuvering for even the largest power wheelchairs.

“We’re thrilled to be able to add the Toyota Sienna Hybrid to our fleet as a continuation of our dedication in providing state-of-the-art, industry-leading vehicles to our customers,” said Staci Kroon, CEO of BraunAbility. “At last, members of the mobility disability community have a choice in taking a more eco-conscious route when selecting their ride.”

From start to finish, the Toyota Sienna was designed in response to feedback from members of The Driving Force, BraunAbility’s online survey community of people who use wheelchairs and their caregivers. Utilizing wheelchair users and mobility consultants at every point, BraunAbility’s newest conversion is a continuation of the brand’s commitment to providing customer-led mobility solutions.

“I’m on my second BraunAbility Toyota conversion, and I’ll never go any other way,” said Rae B., member of The Driving Force.

With the launch of the Toyota Sienna Hybrid, BraunAbility solidifies its standing as offering the most options on the market, allowing customers to find a fit for their unique needs. In tandem, the newest wheelchair-accessible vehicle will retain customer-favorite accessibility features while adding: 

  • MPG and Safety: Class-leading fuel efficiency of 36 mpg, country or highway, and high-tech safety features          
  • Technology: Connected technology upgrades with all original device-charging functionality (HDMI, USB, etc.)
  • Wide Slide Door: Three-inch extension of the passenger slide door opening to accommodate even the widest wheelchairs
  • Wide Driver’s Position: Twenty-eight inches of clearance in the driver’s position, accommodating the widest of wheelchairs
  • Cabin Maneuverability: Most spacious interior cabin offers easy maneuverability for even the largest power chairs
  • Quiet Ride: Improved door seal to block out road noise for a smooth driving experience

BraunAbility is committed to providing quality in all forms to fit its customers’ unique needs — one size does not fit all. As the largest mobility solutions retailer, BraunAbility carries the widest variety of mobility solutions on the market with unmatched customer service and customization offerings.

To learn more about BraunAbility’s first hybrid conversion or to book a consultation with a certified mobility consultant at one of more than 200 dealerships, visit

About BraunAbility
BraunAbility is the world’s leading manufacturer of mobility transportation solutions, including wheelchair accessible vehicles, wheelchair lifts and seating, storage and securement products. Founded nearly 50 years ago by Ralph Braun, the company has grown into the most well-known and trusted name in the mobility industry, bringing independence to millions of individuals across the world. BraunAbility is a wholly owned subsidiary to Patricia Industries, a division of Investor AB. Visit for more information.

About Drive for Inclusion
Drive for Inclusion is BraunAbility’s global movement for accessibility and independence for those living with mobility challenges and their caregivers. Our goal is to build a more mobility-inclusive society that makes it possible for people of all ability levels to fully contribute to the world around them. To get there, we need to share the challenges and obstacles the disability community faces. BraunAbility invites anyone living with a mobility challenge, including caregivers, to join our online survey community – The Driving Force – we can unite your voices and take action for mobility inclusion. To sign up for The Driving Force for the ability to participate in future projects visit

Kailie Dishong
(858) 334-5509
[email protected]

SOURCE BraunAbility

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