Professional Documents
Culture Documents
Two IPOs raised a combined $168M. There was almost a two-fold increase in M&A activity in the
efficiency sector this year with 45 transactions, 22 of which disclosed amounts.
The largest disclosed transaction was the $2.8B acquisition of an 80.1 percent interest in Lumileds by GO
Scale Capital Investment Consortium.
Lighting companies were the most active this year with 19 transactions
To get a copy of the report, visit: http://bit.ly/MercomSGQ42015
About Mercom Capital Group
Mercom Capital Group, llc, is a global communications and research firm focused on cleantech. Mercom
advises companies on new market entry, custom market intelligence and strategic decision-making.
Mercom's communications division helps companies build powerful relationships with media, analysts,
local communities, and strategic partners. About Mercom: http://www.mercomcapital.com.
AltaGas is an energy infrastructure business with a focus on natural gas, power and regulated utilities.
AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on
clean energy sources. For more information visit: www.altagas.ca
This news release contains forward-looking statements. When used in this news release, the words
"may", "would", "could", "will", "intend", "plan", "anticipate", "target', "believe", "seek", "propose",
"estimate", "expect", and similar expressions, as they relate to AltaGas or an affiliate of AltaGas, are
intended to identify forward-looking statements. In particular, this news release contains forward-looking
statements with respect to, among other things, expectations with respect to the propane export terminal
including, construction by AltaGas, site location, shipment, connection and transportation capabilities,
sources of supply, estimated cost, anticipated timing of final investment decision and commercial
operation, expectations of the propane export terminal being the first to export propane from British
Columbia's west coast, and the potential for the propane export terminal to provide new markets for
natural gas producers, business objectives, expected growth, results of operations, performance,
business projects and opportunities and financial results. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements. Such statements reflect AltaGas' current views with
respect to future events based on certain material factors and assumptions and are subject to certain
risks and uncertainties, including without limitation, changes in market, competition, governmental or
regulatory developments, general economic conditions and other factors set out in AltaGas' public
disclosure documents. Many factors could cause AltaGas' actual results, performance or achievements to
vary from those described in this news release, including without limitation those listed above. These
factors should not be construed as exhaustive. Should one or more of these risks or uncertainties
materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results
may vary materially from those described in this news release as intended, planned, anticipated, believed,
sought, proposed, estimated or expected, and such forward-looking statements included in, or
incorporated by reference in this news release, should not be unduly relied upon. Such statements speak
only as of the date of this news release. AltaGas does not intend, and does not assume any obligation, to
update these forward-looking statements. The forward-looking statements contained in this news release
are expressly qualified by this cautionary statement.
How student organizations can play a role in supporting the nation's transition to a greener
workforce.
"When we launched initiatives such as Greenforce in 2010 with Jobs for the Future and Campus Ecology
in 1989 with education leaders across hundreds of 2- and 4-year colleges and universities, we envisioned
a whole new generation of graduates, equipped to lead the way for healthy, clean, wildlife-friendly
communities," says Julian Keniry, senior director at the National Wildlife Federation, "and that is now
happening thanks to bold innovation and leadership by college and university presidents, faculty and
students. This plan is part of our collective determination across organizations and programs, nationwide,
to create a clean, green economy in the U.S. and beyond, by ensuring education is central to the
solutions."
"Connecting individuals, including young adults, to education and job training that will put them on a path
to success is critical to economic growth in local communities across the country," says Kerry Sullivan,
president of the Bank of America Charitable Foundation. "We recognize that the expansion of a low
carbon, green economy offers great opportunities for the workforce, and we're honored to partner with
Jobs for the Future and the National Wildlife Federation to help advance this effort."
The Greenprint plan was created by thought leaders representing industry associations, student groups,
nonprofit organizations, government agencies and higher education entities in the U.S. and Canada who
participated in a national and statewide convenings as part of theGreenforce Initiative, organized by the
National Wildlife Federation and Jobs for the Future with support from Bank of America Charitable
Foundation, NASA, Charles Stewart Mott Foundation, The Kendeda Fund and other donors.
We encourage community colleges and employers to discuss this new plan with hashtags#highered and
#sustainability. The report is available at
http://www.nwf.org/Greenforce-Initiative/Resources/Greenprint-Report.aspx.
About National Wildlife Federation
The National Wildlife Federation protects wildlife for our children's future and has placed special
emphasis on working with college and university leaders, through NWF's Campus Ecology Program
(started in 1989), to advance leadership for sustainability learning and practice. Offerings for students and
other young professionals have grown to include: NWF's EcoLeaders career and leadership development
program with more than 1,000 students and young professionals creating an EcoMission, advancing
EcoProjects, supporting others, and earning certification in all US states and other countries.
www.nwf.org
@NWF
About Jobs for the Future
Jobs for the Future is a national nonprofit that works to ensure educational and economic opportunity for
all. We develop innovative career pathways, educational resources, and public policies that increase
college readiness and career success, and build a more highly skilled workforce. With over 30 years of
experience, JFF is the national leader in bridging education and work to increase mobility and strengthen
our economy.
www.jff.org
@jfftweets
About Bank of America Charitable Foundation
At Bank of America, corporate social responsibility (CSR) is critical to fulfilling our core purpose of making
people's financial lives better. A commitment to growing our business responsibly is embedded in every
aspect of our company, from our policies and practices to our services, products, governance and
employee benefits. An important part of that commitment is forming strong partnerships across sectors,
including nonprofit organizations serving community needs, bringing our collective networks and expertise
to achieve greater impact. We're proud of our employees' volunteer efforts, support of diversity and
inclusion, and environmental and social responsibility. Across our company, we're focused on simplifying
banking and investing, advancing better money habits and making an impact in communities around the
world.
be completed by the end of Q1-2016. Production costs have been constant in the $ 24.00 - $ 28.00 bbl
range and they are expected to improve once the plant's capacity is increased.
MCW is continuing its negotiations with a major, global financial institution with regards to the funding of a
2,500 bbl/day extraction plant which will be located either on MCW's Asphalt Ridge least site, or on the
Temple Mountain Energy site nearby. The funding group is in its final stage of due diligence. Revenue
projections, case analysis and a final report are due shortly from the financial group's engineering team.
MCW's breakthrough oil sands extraction technology uses no water, no high temperatures/pressures, no
tailings ponds. Its proprietary, closed-loop system extracts over 99% of all hydrocarbons and may be
applied to any type of oil sands deposits or remediation projects. The benign solvents used are recovered
and re-used (99%) and remain within the closed-loop system. More details on MCW's technology may be
discovered at: www.mcwenergygroup.com.
About MCW Energy Group Limited
MCW Energy Group Limited is focused on value creation via the development and implementation of (i)
Proprietary, environmentally-friendly oil sands extraction technologies and remedial tailings ponds project
solutions, (ii) Expanding production capacities of its now operational oil sands project in Asphalt Ridge,
Utah, (iii) The formulation of worldwide joint ventures and the licensing of oil sand opportunities with
private and governmental resource entities within countries possessing extensive oil sands/shale
deposits. MCW's management team is comprised of individuals who have extensive knowledge in both
conventional and unconventional oil and gas projects and production, both in upstream and downstream
industry sectors.
The information in this news release includes certain information and statements about management's
view of future events, expectations, plans and prospects that constitute forward- looking statements.
These statements are based upon assumptions that are subject to significant risks and uncertainties.
Because of these risks and uncertainties and as a result of a variety of factors, the actual results,
expectations, achievements or performance may differ materially from those anticipated and indicated by
these forward-looking statements. Forward-looking statements in this news release, include, but are not
limited to, MCW maintaining extremely efficient production costs, the ability of MCW to successfully
increase the capacity of its current plant to an anticipated 500 bbl/day as part of the Capacity
Augmentation Program; the commercial viability of the technology and the extraction plant, economic
performance and future plans and objectives of MCW; and the commercial production of oil from MCW's
oil sands extraction plant in Asphalt Ridge, Utah. Any number of important factors could cause actual
results to differ materially from these forward-looking statements as well as future results. Although MCW
believes that the expectations reflected in forward-looking statements are reasonable, they can give no
assurances that the expectations of any forward-looking statements will prove to be correct. Except as
required by law, MCW disclaims any intention and assumes no obligation to update or revise any
forward-looking statements to reflect actual results, whether as a result of new information, future events,
changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
has released a letter to shareholders from the Company's CEO, discussing the accomplishments
achieved for the calendar year 2015 and a brief outline of plans for for 2016.
Blue Sphere ended 2015 with two principal projects in development in the United States and acquired
four facilities in Italy. In the United States our North Carolina and Rhode Island biogas projects received
financing, began construction and were nearing completion at the end of 2015. In Italy, the Company
obtained the necessary financing and completed the acquisitions of four fully operating biogas facilities,
each with long term power purchase agreements already in place.
As Blue Sphere advanced the 2015 projects toward their goals, the Company continued to realize the
tremendous potential of the waste-to-energy business. With the goal of becoming a leader in the sector,
the Company further realized the importance of developing a pipeline of additional projects in parallel with
the development of existing projects. Consequently, we established three mission critical goals for the
Company for 2016: (i) bringing the North Carolina and Rhode Island biogas projects to full operational
status, (ii) further developing a pipeline of more lucrative projects in the waste-to-energy sector and (iii)
completing one or more acquisitions of operating facilities prior to the end of calendar year 2016.
Overview of Select 2015 Accomplishments
January 2015 - We achieved financial closing in the amount of approximately $27,000,000 with
respect to, and became a co-owner of, the North Carolina biogas plant.
April 2015 - We achieved a financial closing in the amount of approximately $19,000,000 with
respect to, and became a co-owner of, the Rhode Island biogas plant.
In August 2015 - We announced the conversion of all convertible notes issued by the Company.
The conversion of these notes represented the retirement of approximately $1,500,000 of the
Company's debt.
December 2015 - We closed on the acquisition of four biogas facilities in Italy with an enterprise
value of approximately $26,400,000.
December 2015 - We closed on an offering of $3,000,000 of our senior debentures and warrants
to purchase shares of common stock of the Company.
Specific Accomplishments
1. North Carolina Biogas Facility - We closed on the full financing of, and became a co-owner of, a biogas
project near Charlotte, North Carolina. The financing equaled approximately $27,000,000, and
construction began in early 2015. The North Carolina project is a 5.2MWbiogas generation facility. To
date, we have completed all primary construction of the facility and expect to commence operation in the
first quarter of 2016. The facility has a signed 15-year power purchase agreement to sell power to Duke
Energy.
2. Rhode Island Biogas Facility - We closed on the full financing of, and became a co-owner of, a biogas
project near Providence, Rhode Island. The financing equaled approximately $19,000,000, and
construction began in mid-2015. The Rhode Island project is a 3.2MW biogas generation facility. We have
completed all primary construction of the facility and expect to commence operation in the first quarter of
2016. The facility has a signed 15-year power purchase agreement to sell power to National Grid.
5. Italian Biogas Facilities - Blue Sphere has acquired 100% of the stock of Agricerere, S.R.L.,
Agrielektra, S.r.L., Agrisorse, S.r.L. and Gefa, S.r.L. Individually, each fully operational facility generates 1
MW of electricity per hour, which is sold to Gestore del Servizi Energetici GSE, S.p.A., a state owned
company that promotes and supports renewable energy sources in Italy, pursuant to a power purchase
agreement that runs through December 31, 2027.
The four biogas facilities combined are expected to generate approximately $$9,240,000 in annual
revenue. The four biogas facilities combined will generate approximately $4,136,000 in annual EBITDA.
The annual EBITDA of each biogas facility is guaranteed by Austep, S.p.A, our operating partner and a
global leader in waste-to-energy technology and management. The Austep, S.p.A financial guarantee is
further backed by an insurance policy underwritten and issued by a leading insurance provider. Pursuant
to its agreements with Austep, S.p.A., Blue Sphere expects to receive the annual guaranteed EBITDA,
and Austep, S.p.A. will receive any revenues in excess of the guaranteed EBITDA.
The enterprise value of these four facilities, as stated by Innovatec, S.p.A, is approximately $26,400,000.
6. Pipeline of New Projects - We are currently at various stages of evaluation for the following acquisition
or development of projects:
Europe
Blue Sphere has developed a network of brokers, consultants, legal and accounting experts that
will allow for further expansion into the European marketplace.
Up to 20 additional 1 MW facilities in Italy, each with at least one year of operating history.
The development of an approximately $20,000,000 Anaerobic Digestion facility in Western
Europe.
Mediterranean
The development of two waste-to-energy projects in Israel.
Asia
The development of an approximately $250,000,000 Incineration facility in southern Asia.
North America
The Company has issued proposals for two RFP's for projects in Massachusetts and Rhode
Island.
Overall for 2016, the Company is evaluating acquisition, development and/or participation in
approximately $400,000,000 in waste-to-energy projects in the United States, Canada and around the
world. However, there is no assurance that we will be able to participate in any or all of these projects.
7. Debt Conversions - The Company announced that its debt conversion program is complete, and that all
outstanding amounts owing under debentures and notes issued by the Company have been converted in
full. The Company's debt conversion program commenced in August 2014 and peaked, in the aggregate,
at $1.5 million.
8. Analyst Coverage - In 2015, the Company was the focus of research coverage and spotlight reports
initiated or updated by See Thru Equity, Crystal Equity Research and Maxim Group, LLC. See Thru
Equity is an equity research firm focused on companies with less than $1 billion in market capitalization.
Crystal Equity Research is a securities research and capital markets advisory firm working with financial
professionals and self-directed investors. Maxim Group, LLC is a leading full-service investment banking,
securities and wealth management firm headquartered in New York, New York. Maxim Group offers
investment banking, private wealth management, and global institutional equity, fixed income and
derivative sales & trading, equity research and prime brokerage services to a diverse range of corporate
clients, institutional investors and high net worth individuals.
9. Capital Raise - In December 2015, the Company closed on an offering of US$3,000,000 of its senior
debentures and warrants to purchase shares of the Company's common stock. The debentures sold in
the financing have a face value of US$3,000,000, and after commissions and selling expenses, the
Company received net proceeds of $2,672,000. The Company worked with Maxim Group, LLC, a New
York based investment banking firm, to offer and sell the senior debentures and warrants. The proceeds
of the financing will be used for general business activities.
For a more detailed description of most of these accomplishments, please refer to our numerous filings
with the U. S. Securities and Exchange Commission.
The Future
2015 was a standout year for Blue Sphere and in 2016 the Company will continue to focus on the
implementation of our North Carolina and Rhode Island biogas plants, operation of our four biogas
facilities in Italy, development of new projects currently under evaluation and the expansion of our pipeline
of projects in anaerobic digestion, renewable natural gas, landfill gas to energy and other renewable
energy technologies.
With the successes of 2015, Blue Sphere has transitioned from being a company with dreams and
prospects to a company with operational enterprises, excellent strategic allies, solid financial partners and
bigger and brighter prospects than ever before.
About Blue Sphere Corporation
Blue Sphere Corporation operates in the clean-tech sector as a waste-to-energy project integrator. Blue
Sphere develops waste-to-energy and other renewable energy projects. The Company is becoming a key
player in the global waste-to-energy and renewable energy markets. For further information please visit
the Company's website www.bluespherecorporate.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in
the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at
any time. These statements are only predictions and involve known and unknown risks, uncertainties and
other factors including, without limitation, (i) uncertainties regarding our ability to obtain adequate
financing on a timely basis including financing for specific projects, (ii) the financial and operating
performance of our projects after commissioning, (iii) uncertainties regarding the market for and value of
carbon credits and other environmental attributes, (iv) political and governmental risks associated with the
countries in which we operate, (v) unanticipated delays associated with project implementation including
designing, constructing and equipping projects, as well as delays in obtaining required government
permits and approvals, (vi) the development stage of our business and (vii) our lack of operating history.
As such, there is no assurance that the initiatives described in the press release will be successfully
implemented or meet expectations. The Company assumes no obligation to update the information in this
release.
ViZn Energy Systems Wins Contract for Flow Battery System From
Idaho National Laboratory
AUSTIN, TX--(Marketwired - Jan 19, 2016) - ViZn Energy Systems Inc. (ViZn), a leading provider of
energy storage systems for microgrid and utility applications, announced that it has received an order for
a 128 kW/320 kWh redox flow battery system based on its zinc-iron chemistry from Idaho National
Laboratory (INL), part of the Department of Energy's (DOE) complex of national laboratories. ViZn's flow
battery system will be installed as part of a microgrid research, development and demonstration testbed
and is expected to be commissioned in the second quarter of 2016.
"We are seeing increasing interest in our flow batteries from both private and public organizations looking
to initiate large-scale energy storage for various applications," said Ron Van Dell, President and CEO of
ViZn Energy Systems. "Flow batteries, in general, are well suited for applications requiring large-scale,
long-duration capabilities. Our systems, however, are particularly good at providing both energy services
Related articles and information
and power services in one system while utilizing a low cost, inherently safe alkaline chemistry. We're
pleased to have been chosen for this project."
"The characteristics of the ViZn battery are of significant interest for island grids and microgrids that
support various services in heavy-use and challenging environments, especially for r enewable energy
integration challenges," said Kurt Myers, Clean Energy Market Area lead for INL. "We are interested in
the potential for lower cost energy storage systems, with 20+ year life times and the ability to fulfill
aggressive duty cycle requirements as well as long duration energy dispatch."
ViZn's zinc-iron redox flow battery is the only flow battery on the market with a non-toxic, non-flammable,
non-explosive alkaline chemistry, allowing it to be deployed safely in densely-populated areas or adjacent
to utilities and sub stations without the risks associated with other battery technologies. Its chemical
components are globally abundant and inexpensive, providing favorable ROIs for utilities and commercial
& industrial customers.
About ViZn Energy Systems, Inc.
ViZn Energy Systems, Inc. is comprised of a visionary team of scientists, engineers and business leaders
who are passionate about creating and commercializing a revolutionaryenergy storage solution for the
commercial & industrial, microgrid and utility-scale markets. Founded in 2009 and based on eight
previous years of research, ViZn is commercializing highly scalable energy storage systems, ranging from
tens of kilowatts to mega-watt storage. The ViZn solution is safe, reliable, cost effective, and scalable to
meet the needs of today's ever-changing energy landscape. For more information, visit:
www.ViZnEnergy.com
About Idaho National Laboratory
INL is part of DOE's complex of national laboratories. The laboratory performs work in each of DOE's
strategic goal areas: energy, national security, science and environment. INL is the nation's leading
center for nuclear energy research and development. Day-to-day management and operation of the
laboratory is the responsibility of Battelle Energy Alliance. See more INL news at www.inl.gov. Follow
@INL on Twitter or visit our Facebook page atwww.facebook.com/IdahoNationalLaboratory.
EnSync, project developer NIDON, and Aquion worked quickly from design through testing at EnSync's
facility, resulting in seamless integration of Aquion's battery and EnSync's advanced power controls. This
fast tracked project was commissioned within one week of installation.
"Aquion continually seeks out innovative deployments in growing markets to prove the compatibility and
integration of our products that offer true value to the customer," said Matt Maroon, Vice President of
Product Management at Aquion Energy. "This project partnership with EnSync has brought various
opportunities to Aquion, and we're thrilled the customer is experiencing the power performance we
anticipated."
Mari's Garden is an agriculture-based business managing higher energy consumption due to aquaponics
on site that combines growing plants hydroponically with growing fish through aquaculture. Sustainability
is deeply important with farming methods that are organically certified and food safety certified. Because
Mari's Garden is located in Hawaii, they are faced with expensive electricity and vulnerability to power
outages. Mari's Garden sought out renewable energy generation that could seamlessly connect with
energy storage, and supported their goal of being off-grid with sustainable, reliable power for their facility.
The EnSync system presently integrates 25 kilowatts of solar PV and 40 Aquion battery stacks for a total
of 25 kilowatts/92 kilowatt-hours of energy storage. With this set up, EnSync's power controls allow Mari's
Garden to store power generated from their PV system in Aquion batteries, and then discharge them for
energy consumption at times valuable to their business operating completely off grid. The solar PV
component is anticipated to increase to 75 kilowatts in early 2016.
"Agricultural settings such as Mari's Garden are particularly mindful of electricity rates, and require
reliable, sustainable power to meet their demands," said Nick Dizon, the Hawaii-based project developer
and owner of NIDON Clean Energy. "We evaluated various systems that were well-integrated to support
an off-grid concept like Mari's Garden, and the technology partnership of EnSync power controls,
particularly their inverter technology, with Aquion's battery has proved to be the right fit for this need."
About EnSync Energy Systems
EnSync, Inc. (NYSE MKT: ESNC), dba EnSync Energy Systems, is enabling the future of electricity with
intelligent energy management systems critical to a global economy becoming increasingly reliant upon
the expansion of renewable energy. Whether part of the grid power transmission and distribution network,
or behind the meter in commercial, industrial and multi-tenant buildings, EnSync technology brings
differentiated power control and energy storage solutions to electricity-challenged environments. Our
technologies also serve as the system level intelligence in microgrid applications, by seamlessly
integrating multiple generation and storage assets to deliver power in remote and community level
environments not served by the grid, or areas electing to use the grid secondary to microgrid assets. In
2015, EnSync incorporated power purchase agreements (PPA's) into its portfolio of offerings, enabling
electricity savings for customers and providing a stable financial yield for investors. EnSync is a global
corporation, with a joint venture in AnHui, China at Meineng Energy, as well as a strategic partnership
with Lotte Chemical in South Korea. For more information, visit: www.ensync.com.
Safe Harbor Statement
Certain statements made in this press release contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended that are intended to be covered by the "safe harbor" created by those sections.
Forward-looking statements, which are based on certain assumptions and describe our future plans,
strategies and expectations, can generally be identified by the use of forward-looking terms such as
"believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or other
comparable terms. Forward-looking statements in this press release may address the following subjects
among others: statements regarding the sufficiency of our capital resources, expected operating losses,
expected revenues, expected expenses and our expectations concerning our business strategy.
Forward-looking statements involve inherent risks and uncertainties which could cause actual results to
differ materially from those in the forward-looking statements, as a result of various factors including those
risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of
Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form
10-K and our subsequently filed Quarterly Reports on Form 10-Q. We urge you to consider those risks
and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue
reliance upon any such forward-looking statements, which speak only as of the date made. Except as
otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly
release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to
reflect any change in our expectations with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
Located approximately 20 km northeast of Provost, Alberta, Bull Creek's 17 General Electric wind
turbines have a combined nameplate capacity of 29.2 megawatts, which provide enough clean,
renewable energy to power 10,000 average Alberta homes. The power generated by Bull Creek has the
potential to offset approximately 80,000 tonnes of greenhouse gas emissions annually.
"With some of the best renewable resources in Canada, Alberta is incredibly well positioned for growth in
clean energy projects," said Grant Arnold, BluEarth's President and CEO. "I am proud of the innovation
and passion demonstrated by our team and local community members in executing this project, and in
bringing greater diversity to the local economy. We'd like to sincerely thank the communities surrounding
Bull Creek for their support over the past years."
Bull Creek is expected to inject more than $15 million into the local economy over its life span. In addition,
more than 60,000 hours of employment went into the construction of the facility, which also generated
considerable local investment.
"I commend BluEarth Renewables for creating good jobs in Alberta, seeing this project through, and
helping power our province," said Marg McCuaig-Boyd, Minister of Energy for the Province of Alberta.
"Our government's Climate Leadership Plan will see Alberta transition to up to 30 per cent renewable
power generation by 2030. The good work of Alberta-based companies like BluEarth, along with
investment from companies around the world who develop renewable energy, will be critical in helping
Alberta's reliable power-grid become greener and healthier."
"New wind energy developments, like Bull Creek, help Alberta to reduce greenhouse gas emissions and
clean the air while also producing significant new investment and jobs," said Robert Hornung, President,
Canadian Wind Energy Association. "The Alberta Government's new Climate Leadership Plan is
positioned to build on the success of projects like this one by dramatically expanding the contribution of
clean, reliable, and cost-effective renewable energy in the province's electricity supply mix for the benefit
of Alberta and Albertans."
Electricity from Bull Creek will be sold to a number of Alberta's school boards through agreements
reached with assistance from the Alberta Schools Commodities Purchasing Consortium ("CPC"). The
CPC ran a competitive process to select a renewable power developer to provide members with an option
for a long-term, affordable source of renewable energy. BluEarth was selected as the partner to develop a
project to meet their requirements.
"Wind power enables participating school boards to take advantage of the long-term predictable cost of
wind energy, with no future fuel-price risk," said Francois Gagnon, Chair of the CPC. "In addition, it limits
our exposure to potential increases in costs associated with greenhouse gas pollution from traditional
sources of energy production."
About BluEarth Renewables Inc.
Headquartered in Calgary, BluEarth is a private, independent renewable power producer, focused on the
acquisition, development, construction, and operation of wind, water, and solar projects, with a focus on
Canada. With the most experienced renewable energy development team in Canada, BluEarth's mission
is to be the renewable energy leader by developing, building, and operating a portfolio that optimizes
people, planet, and profit. BluEarth believes it has The Power to Change the Future by demonstrating
how to be sustainable and profitable, leaving the world a better place. For more information,
visitwww.bluearth.ca or follow us on twitter @BERenewables
Signed into law last fall, SB 350 mandates the state to achieve a 50-percent renewable portfolio standard
by 2030 and provides the ISO a path toward creating a multi-state regional power grid. The law calls on
the ISO to perform a series of studies on the impacts of a regional electricity market.
A regionally managed grid is key to reaching the state's 50 percent threshold and is expected to boost the
amount of clean energy in the power mix, and reduce carbon emissions and energy costs across the
West.
The February 8 meeting -- available to the public in-person, by web and by phone -- will review and take
input on the studies' approach, assumptions and methodology. The studies will estimate overall benefit to
consumers, impacts to jobs and benefits to the California economy, impacts to the environment,
greenhouse gas emissions, impacts to disadvantaged communities and integration of renewable energy
resources.
The input will be used to develop a draft proposal that will be available for public review and comment in
the coming months. Related materials are now available on the ISO website here. A meeting presentation
will be posted on this page on February 3.
Meeting Details
Date: Monday, February 8, 2016
Time: 10 a.m. to 4 p.m. (Pacific Time)
Location: California ISO headquarters, 250 Outcropping Way, Folsom, California
Web Conference Login
Web Address (URL): http://ems7.intellor.com/login/701956
Call-in: Audio connection instructions will be presented after connecting to the web conference.
Please connect to the web 5-10 minutes prior to the conference to allow time for a short download.
Telephone-Only Participation
Please use this dial-in method only if you are unable to participate by the web.
Call-in: 877-369-5230 FREE, Passcode: 0605307#
If planning to attend in person, please RSVP to smc@caiso.com by Feb. 4, 2016.
Thanks for re-posting!
The California ISO provides open and non-discriminatory access to one of the largest power grids in the
world. The vast network of high-voltage transmission power lines is supported by a competitive energy
market and comprehensive grid planning. Partnering with about a hundred clients, the nonprofit public
benefit corporation is dedicated to the continual development and reliable operation of a modern grid that
operates for the benefit of consumers. Recognizing the importance of the global climate challenge, the
ISO is at the forefront of integrating renewable power and advanced technologies that will help meet a
sustainable energy future efficiently and cleanly.
form of hydrogen and health products such as omega oils in an economic and environmentally sensitive
manner.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
The statements made in this news release may contain forward-looking statements that may involve a
number of risks and uncertainties. Actual events or results could differ materially from Solarvest's
expectations and projections.
"Today's utilities are working toward solutions for better customer engagement, recognizing the
unnecessary costs and inefficiencies associated with traditional phone, paper mail and reactive customer
service procedures," adds Garg. "When utilities begin to offer options through a simple and cost-effective
platform that provides technical assistance and support to help them increase their energy efficiency and
lower their spending, everybody wins."
For more information, visit: www.smartusys.com.
With media inquiries, contact Leslie Licano, leslie@beyondfifteen.com or (949) 733-8679.
About Smart Customer Mobile: Smart Customer Mobile (SCM) from Smart Utility Systems (SUS) -- a
leading provider of cloud-based solutions focused on customer engagement and operational efficiency
through mobile and analytics technologies -- is an award-winning, single integrated platform that enables
utility companies to establish real-time, two-way communication with customers. Providing easy
web-based access anytime, anywhere from devices including tablets, smart phones and desktop
computers, SCM increases customer satisfaction and utility profitability, offering convenience and control
with cutting-edge analytics and user-friendly modules to simplify processes and drive efficiency. A
certified integrator with dozens of utility Customer Information Systems (CIS), SCM is the leading
customer mobile and portal platform providing true value to utilities and energy companies for their
present and future smart grid investments while contributing to a healthier, happier planet. For more
information, visit www.smartusys.com.
About Smart Utility Systems: Smart Utility Systems (SUS) is the leading provider of cloud-based
Software-as-a-Service (SaaS) solutions for customer engagement, workforce mobility, and big data
intelligence and analytics to the energy, water and gas utility sectors. Rapid deployment solutions
integrate seamlessly to reduce costs and complexity, enabling clients to reduce operational and IT costs.
SUS is headquartered in Irvine, California. For more information, please visit www.smartusys.com or call
(909) 217-3344 or connect onLinkedIn or Twitter.
Power Systems, adding, "with no upfront equipment costs and a path to full ownership within 7 years. The
Northern Power offering comes as a turnkey solution including installation, maintenance and servicing to
assure maximum value and peace-of-mind. This agreement with LFC gives yet another option for people
to go green."
LFC Capital, Inc., with more than $1.5 billion of equipment leasing experience, has created The LFC
Clean Energy Ownership Program for commercial and industrial companies seeking greater overall value
from clean energy systems than the limited cost savings offered by power purchase agreements. The
program is especially appealing to companies such as LLCs that cannot directly benefit from a federal tax
credit.
"We're very pleased that Northern Power Systems has selected the LFC program as an effective way to
make wind systems affordable for their business customers," said Stanley S. Fishbein, Managing
Director, LFC Capital, Inc.
The LFC program uses a traditional operating lease and innovative purchase options after six and seven
years to provide companies with a predictable low-cost of ownership while satisfying tax rules.
Companies obtain an attractive return on investment by keeping all energy savings over the long life of
these wind systems. The program is available in all 50 states.
About Northern Power Systems
Northern Power Systems designs, manufactures, and sells wind turbines and power technology products,
and provides engineering development services and technology licenses for energy applications, into the
global marketplace from its US headquarters and European offices.
Northern Power Systems has almost 40 years' experience in technologies and products
generating renewable energy.
Northern Power Systems currently manufactures the NPS 60 and NPS 100 turbines. With
over 8.5 million run time hours across its global fleet, Northern Power wind turbines provide
customers with clean, cost effective, reliable renewable energy.
Patented next generation permanent magnet direct drive (PMDD) technology uses fewer moving
parts, delivers higher energy capture, and provides increased reliability due to reduced
maintenance and downtime.
Northern Power Systems' FlexPhase power converter platform uses patented converter
architecture and advanced controls technology for advanced grid support and generation
applications.
Northern Power Systems offers comprehensive in-house development services, including
systems level engineering, advanced drivetrains, power electronics, PM machine design, and
remote monitoring systems to the energy industry.
Some of the world's largest manufacturers license the company's next generation technology and
IP for their utility and distributed wind products and markets.
To learn more about Northern Power Systems, please visit www.northernpower.com.
About LFC Capital
LFC Capital was formed in 1994 as a successor to a number of financial services companies founded by
LFC's CEO, Martin Zimmerman, one of which became the largest independent healthcare leasing
company in the industry. Today, LFC Capital provides a range of leasing and financial services to
hospitals, clinics, physician group practices, long-term care facilities, and healthcare suppliers, as well as
emerging growth companies in healthcare, information technology, and select industries.
To learn more about LFC Capital, please visit www.lfccapital.com
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding Northern Power Systems and its business,
which may include, but is not limited to, product and financial performance, regulatory developments,
supplier performance, anticipated opportunity and trends for growth in our customer base and our overall
business, our market opportunity, expansion into new markets, and execution of the company's growth
strategy. Often, but not always, forward-looking statements can be identified by the use of words such as
"plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes",
"proposes" or variations (including negative variations) of such words and phrases, or state that certain
actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such
statements are based on the current expectations of the management of Northern Power Systems. The
forward-looking events and circumstances discussed in this release may not occur by certain specified
dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties
affecting the company, including risks regarding the wind power industry; production, performance and
acceptance of the company's products; our sales cycle; our ability to convert backlog into revenue;
performance by the company's suppliers; our ability to maintain successful relationships with our partners
and to enter into new partner relationships; our performance internationally; currency fluctuations;
economic factors; competition; the equity markets generally; and the other risks detailed in Northern
Power Systems' risk factors discussed in filings with the U.S. Securities and Exchange Commission (the
"SEC"), including but not limited to Northern Power Systems' Annual Report on Form 10-K filed on March
31, 2015, as well as other documents that may be filed by Northern Power Systems from time to time with
the SEC. Although Northern Power Systems has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results to differ from those anticipated, estimated
or intended. No forward-looking statement can be guaranteed. Except as required by applicable securities
laws, forward-looking statements speak only as of the date on which they are made and Northern Power
Systems undertakes no obligation to publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
to construct solar arrays through two phases of installations on a former municipal solid waste landfill site.
To comply with all permitting regulations, the project deployed above-ground ballasted foundations, which
prevent contact between the solar farm and the underlying waste material.
Due to the Town of Patterson's location in the New York City watershed, TRC also developed a
Stormwater Pollution Prevention Plan, which was reviewed and approved by NYCDEP, to ensure that the
solar design would limit impact to the existing landfill.
The PatterSun landfill solar project contains over 3,000 individual solar panels, and in the first months of
production, generated 918 Megawatt-hours of energy. By comparison, the same level of power production
would have required 698 tons of CO2, 28 tons of methane and 455,095 gallons of water.
About The Business Council of New York State, Inc.
The Business Council of New York State, Inc. is the leading business organization in New York State,
representing the interests of large and small firms throughout the state. Its membership is made up of
thousands of member companies, as well as local chambers of commerce and professional and trade
associations. Though 72 percent of their members are small businesses, they also represent some of the
largest and most important corporations in the world, including IBM, Verizon, Eastman Kodak, Citigroup,
JP Morgan Chase, Corning, Pfizer and many more. All told, Business Council members employ more
than 1.2 million New Yorkers. For more information please visit www.bcnys.org or contact at
518.465.7511.
About BQ Energy
BQ Energy is a worldwide leader in renewable energy projects on brownfields and landfills, and was
founded in 2002. They have developed award winning renewable energy projects throughout the U.S.
Solar projects in operation and construction and development on landfills and brownfields are located in
New York State, Connecticut, Massachusetts, and Maryland. They have developed over 100 MW of wind
based projects on brownfields in the U.S. and in Europe. BQ Energy projects are featured prominently in
publications by the U.S. EPA and various State agencies as well. BQ Energy is based in Poughkeepsie,
NY. For more information please visit www.bqenergy.com or contact at 845.473.0300.
About TRC
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national
engineering, environmental consulting and construction management firm that provides integrated
services to the energy, environmental, infrastructure and pipeline services markets. TRC serves a broad
range of commercial, industrial and government clients, implementing complex projects from initial
concept to delivery and operation. TRC delivers results that enable clients to achieve success in a
complex and changing world. For more information and updates from the Company, visit TRC's website
at www.TRCsolutions.comand follow TRC on Twitter at @TRC_Companies and on LinkedIn.
"Since the president took office in 2009, the cost of solar energy has dropped by more than 70 percent,
there's 30 times the amount of solar generation and our industry has created 173,000 American jobs.
Solar energy growth will continue because it is affordable, improves the air we breathe and creates strong
American jobs.
"As the President noted, solar development is saving American households millions of dollars every year
in energy costs, and those savings will continue to accumulate year after year. The next president will
benefit from this domestic economic engine. Between 2016 and 2020, our industry will pump $132 billion
into the American economy and solar generation will quadruple, supplying enough electricity to power 20
million homes.
"Today, nearly 209,000 Americans work in the U.S. solar industry, according to a report issued today by
The Solar Foundation. One in every 83 new jobs in 2015 was a solar job and within five years, there will
be 420,000 Americans working in the solar industry.
"As an industry, we look forward to carrying out President Obama's vision for solar development during
his final year in office and well beyond."
About SEIA:
Celebrating its 41st anniversary in 2015, the Solar Energy Industries Association is the national trade
association of the U.S. solar energy industry. Through advocacy and education, SEIA is building a
strong solar industry to power America. As the voice of the industry, SEIA works with its 1,000 member
companies to champion the use of clean, affordable solar in America by expanding markets, removing
market barriers, strengthening the industry and educating the public on the benefits of solar energy. Visit
SEIA online at www.seia.org.
Lockheed Martin Energy is a line of business within Lockheed Martin that delivers comprehensive
solutions across the energy industry to include utility and smart grid solutions, energy efficiency, energy
storage, nuclear systems and solutions, ocean energy technology and bio energy generation.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that
-- with the addition of Sikorsky -- employs approximately 126,000 people worldwide and is principally
engaged in the research, design, development, manufacture, integration and sustainment of advanced
technology systems, products and services.
About BBLU
BBLU is engaged in the clean technology industry with a primary focus in alternative/renewable power
generation sectors. We strive to participate in the global movement for a sustainable planet by offering
products and services that will optimize energy use, reduce harmful environmental emissions and
materially reduce energy costs to our customers. For more information about Blue Earth Inc., please
visitwww.blueearthinc.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than
statements of historical facts included in this press release are forward-looking statements. Words such
as "believes," "projects," "anticipates," "plans," "expects," "may," "will," "should," "intends," and similar
expressions are intended to identify forward-looking statements. These statements relate to future events
or to the Company's future financial performance. These forward-looking statements are based on the
Company's current beliefs and expectations, and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity, performance or achievements expressed or
implied by these forward-looking statements. Investors should not place any undue reliance on
forward-looking statements since they involve known and unknown risks, uncertainties and other factors
which are, in some cases, beyond the Company's control which could, and likely will, materially affect
actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the
Company's current views with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity.
Such risks, uncertainties and other factors, which could impact the Company and the forward-looking
statements contained herein are included in the Company's filings with the Securities and Exchange
Commission, including the Company's Form 10-Ks, Form 10-Qs, Form 8-Ks, Proxy Statements and other
filings. The Company assumes no obligation to publicly update or revise these forward-looking statements
for any reason, or to update the reasons actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes available in the future.
The Center will provide technical assistance, project development expertise, and support with acquiring
funding for San Joaquin Valley vehicle fleet owners, local governments, businesses, and residents. Its
work will expand the use of zero-emission vehicles, clean trucks, and high-efficiency non-road equipment.
CALSTART secured the funding for the center in a competitive California Energy Commission (CEC)
solicitation.
"The San Joaquin Valley Clean Transportation Center is part of a larger strategy to address regional
clean-air needs across the state," said Janea A. Scott, Commissioner at the California Energy
Commission. "The Energy Commission is pleased to provide a $1.2 million grant to fund this center,
which will help local residents, governments and businesses collaborate on advanced transportation
solutions and accelerate their progress toward meeting the Valley's clean-air goals."
"The San Joaquin Valley Clean Transportation Center is a great new regional resource that will play an
important role in helping to improve air quality and reduce emissions from vehicles. The center has strong
connections and relations with a national network of manufacturers, suppliers, and fleets that we will be
able to utilize to improve our transportation system," said Seyed Sadredin, Executive Director and Air
Pollution Control Officer of the San Joaquin Valley Air Pollution Control District.
Directing the Center's work will be San Joaquin Valley native, Joseph Oldham.
After graduating from Fresno State University with a degree in biology, Oldham has held a number of
positions relevant to the clean transportation industry. Among others, he was the Fleet Acquisition
Supervisor for the City of Fresno, where he oversaw the transition of that fleet from gasoline and diesel to
natural gas. Most recently, Oldham served as the Statewide Local Government Energy Efficiency
Coordinator for the Local Government Commission, an effective non-profit group, working with cities in
California to implement building efficiency and sustainability programs.
"Joseph is a very skilled person who has a solid track record of working with people in industry and
government to identify and implement practical solutions that are good for the environment and the
economy. We are also pleased to have Joseph on the team as he is a Fresno native and has a strong
network in the region," said John Boesel, President and CEO of CALSTART.
Key partners assisting the Center in its work are the San Joaquin Valley Air Pollution Control District
(SJVAPCD), Southern California Gas Company, the San Joaquin Valley Clean Energy Organization, the
San Joaquin Valley Clean Cities Coalition, as well as a broad range of stakeholders interested in
improving air quality in the San Joaquin Valley.
Located at the historic Fresno Chandler Executive Airport, SJVCTC is ramping up operations in the Valley
into early 2016, and will act as a virtual center for the entire Valley - from Bakersfield to Stockton. In
addition to the California Energy Commission grant, the Southern California Gas Company provided
$200,000 in matching funds to support the center's mission.
About CALSTART
CALSTART is a national non-profit organization that works to accelerate the growth of the clean
transportation technology industry. CALSTART has more than 150 member companies and manages an
array of high-impact programs with its industry and government partners. For more information, visit
www.calstart.org.
be $0.165 for each common share. This dividend is an eligible dividend for Canadian income tax
purposes.
AltaGas has a Dividend Reinvestment and Optional Common Share Purchase Plan ("DRIP") for eligible
shareholders of AltaGas. Eligible shareholders may reinvest the cash dividends paid by AltaGas on their
common shares toward the purchase of new common shares at a five percent discount to the average
market price as defined in the DRIP.
AltaGas is an energy infrastructure business with a focus on natural gas, power and regulated utilities.
AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on
clean energy sources.
This news release contains forward-looking statements. When used in this news release, the words
"may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate",
"expect", and similar expressions, as they relate to AltaGas or an affiliate of AltaGas, are intended to
identify forward-looking statements. In particular, this news release contains forward-looking statements
with respect to, among other things, business objectives, expected growth, results of operations,
performance, business projects and opportunities and financial results. These statements involve known
and unknown risks, uncertainties and other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking statements. Such statements reflect AltaGas'
current views with respect to future events based on certain material factors and assumptions and are
subject to certain risks and uncertainties, including without limitation, changes in market, competition,
governmental or regulatory developments, general economic conditions and other factors set out in
AltaGas' public disclosure documents. Many factors could cause AltaGas' actual results, performance or
achievements to vary from those described in this news release, including without limitation those listed
above. These factors should not be construed as exhaustive. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying forward- looking statements prove incorrect,
actual results may vary materially from those described in this news release as intended, planned,
anticipated, believed, sought, proposed, estimated or expected, and such forward-looking statements
included in, or incorporated by reference in this news release, should not be unduly relied upon. Such
statements speak only as of the date of this news release. AltaGas does not intend, and does not assume
any obligation, to update these forward-looking statements. The forward-looking statements contained in
this news release are expressly qualified by this cautionary statement.
The global waste-to-energy market, which totaled $26.7 billion in 2014, should reach $35.5 billion in 2019,
reflecting a five-year compound annual growth rate (CAGR) of 5.8%. Thermal technology as a segment,
which reached $25.4 billion in 2014, is expected to reach $30.2 billion in 2019, growing at a five-year
CAGR of 5.2%. Biological technology as a segment, which reached $2.3 billion in 2014, should reach
$3.9 billion in 2019, reflecting a five-year CAGR of 10.9%.
Global concern over pollution from non-renewable sources of energy has focused attention on the
waste-to-energy market because of its smaller environmental footprint than those created by other types
of energy. Key market drivers include the rising demand for electricity from developing countries, the
growing concern about the depletion of fossil fuels, the increasing demand for clean energy based on
environmental concerns and an urgency to reduce the volume of landfill waste. The technology push
toward sustainable technologies and growing participation of the private sector in developed economies
are major market drivers, as well.
The shift in the trend toward energy generation using renewable resources should remain a key driving
factor for the global WTE market, particularly in the emerging economies of Asia-Pacific. Development of
a sustainable, long-term solution to meet growing energy demand remains a defining issue. Energy
security may be defined as providing energy to all at affordable prices. The global energy industry has
been witnessing volatility in the prices of key energy resources such as crude oil and natural gas. In
addition, there is a large environmental risk associated with the use of such resources.
"To overcome such challenges, governments across various nations have joined leading renewable
energy companies to work to include renewable energy in their energy baskets," says BCC Research
analyst Maya Agnani. "Governments, particularly across Asia-Pacific, have been working to reduce their
carbon footprints and at the same time cater to growing energy needs. Renewable energy has been
penetrating the global energy market for quite a while, and it is expected to increase its share of the
global energy mix over the next decade."
Thermal and Biological Waste-to-Energy Markets (EGY063B) analyzes the global markets by technology
and geography, and examines the market impact of regulations and government-supported programs.
The study focuses on North America, Europe, Asia-Pacific and the rest of the world (ROW). Analyses of
global market drivers and trends, with data from 2014 and projections of CAGRs through 2019 are
provided.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with
intelligence that drives smart business decisions. These reports cover today's major industrial and
technology sectors, including emerging markets. For more than 40 years we've helped customers identify
new market opportunities with accurate and reliable data and insight, including market sizing, forecasting,
industry overviews, and identification of significant trends and key market participants. We partner with
analysts who are experts in specific areas of industry and technology, providing unbiased measurements
and assessments of global markets. Recently selected as the world's greatest market research company,
BCC Research is a unit of Eli Global, LLC. Visit our website at www.bccresearch.com. Contact us: (+1)
781-489-7301 (U.S. Eastern Time), or email information@bccresearch.com.
There were 109 active investors in 2015 with 14 involved in multiple rounds, including: DBL Partners,
Infuse Ventures, Bamboo Finance, Clean Energy Venture Group, DOEN Foundation, ENGIE
Rassembleurs d'Energies, Hudson Clean Energy Partners, International Finance Corporation, Kohli
Ventures, Longwall Venture Partners, MTI Partners, Parkwalk, Tenaska and University of Oxford.
Public market financing reached $6B raised in 38 deals. There were seven IPOs bringing in more than
$1.8B. Yieldcos raised $1.1B in two IPOs.
Debt financing totaled $18.3B. There were four securitization deals in 2015, totaling $335 million, by Solar
City, SunRun, BBOXX and AES.
Large-scale project funding in 2015 exceeded $11.6B in 124 deals this year, compared to 2014 in which
$14.2B was raised in 144 deals.
Residential and commercial solar project funds reached a record of 23 funds totaling $5.5B, compared to
the $4B raised in 34 funds in 2014.
Corporate M&A transactions in 2015 came to more than $3B in 80 transactions. Solar downstream
companies had the greatest number of acquisitions with 49 transactions.
There were a record 204 large-scale project acquisitions for over 12.7 GW, double from 2014 when 6.4
GW changed hands in 163 transactions. Spurred by yieldcos, 2015 has been by far the best year for solar
project acquisitions.
Chart: Solar Top 5 M&A Transactions
Mercom tracked 373 large-scale project announcements worldwide in Q4 2015 totaling 12 GW and 1,118
project announcements totaling 41.1 GW for 2015 in various stages of development globally.
To learn more about the report, visit: http://bit.ly/MercomSolarQ42015
About Mercom Capital Group
Mercom Capital Group, llc, is a global communications and research firm focused oncleantech and
financial communications. Mercom's consulting division advises cleantech companies on new market
entry, custom market intelligence and overall strategic decision making. Mercom's communications
division helps clean energy companies with their public relations strategies, building powerful
relationships with media, analysts, government decision makers, local communities and strategic
partners. For more information, visit:http://www.mercomcapital.com.
Management identity repository, enabling Formula E to achieve a single customer view while maintaining
privacy compliance.
In order to personalise customer experiences, Formula E plans to bidirectionally sync data from Profile
Management with its existing marketing tools, such as email automation platforms and content
management systems, via direct integrations found in Gigya's IDX Marketplace.
"As an organisation, our goal is to be the most forward-thinking digital innovators within any global
sporting series," said Tom Halls, Head of Digital at Formula E. "Effectively leveraging customer identity
data is integral to our strategy, and we look forward to creating memorable and engaging experiences for
our fans with Gigya's platform."
"With its emphasis on electric vehicle R&D and clean energy, Formula E is already one of the most
cutting-edge sports in the world," said Richard Lack, Gigya's EMEA Director of Sales. "We're excited to
partner with Formula E to bring that same level of innovation into the brand's digital world, putting
customer identity at the core of fan acquisition, engagement and retention."
About FIA Formula E Championship
Formula E is a ground-breaking FIA championship and the world's first fully-electric racing series. It
represents a vision for the future of the motor industry, serving as a framework for research and
development around the electric vehicle, accelerating general interest in these cars and promoting
sustainability. The first season began in Beijing in September 2014 and completed in London in June
2015, racing in 10 major cities (11 races) around the world. The championship sees nine teams, each
with two drivers, going head-to-head to create a unique and exciting racing series designed to appeal to a
new generation of motorsport fans. Season two got underway in October in Beijing with the series
becoming an 'open championship' allowing approved manufacturers to develop new powertrain solutions.
Future seasons will see the regulations open up further allowing manufacturers to focus on improving
battery technology.
For more information on Formula E visit www.fiaformulae.com
About FIA & Michelin -- Today's partners for tomorrow's mobility
As well as being the official Formula E tire supplier, Michelin is an official partner, at the international
level, of the FIA Action for Road Safety campaign. The programme is designed to support the Decade of
Action for Road Safety initiated by the UN, the aim of which is to save five million lives over the next 10
years. This programme is set up to educate and advocate for safer roads, vehicles and behaviours
around the globe.
About Gigya
Gigya's Customer Identity Management platform helps companies build better customer relationships by
turning unknown site visitors into known, loyal and engaged customers. With Gigya's technology,
businesses increase registrations and identify customers across devices, consolidate data into rich
customer profiles and provide better services, products and experiences by integrating data into
marketing and service applications.
Gigya's platform, which includes products such as Registration-as-a-Service (RaaS), Social Login and
Profile Management, was designed from the ground up for social identities, mobile devices, consumer
privacy and modern marketing. Gigya provides developers with the APIs they need to easily build and
maintain secure and scalable registration, authentication, profile management, data analytics and
third-party integrations.
More than 700 of the world's leading businesses such as FOX, Forbes and ASOS rely on Gigya to build
identity-driven relationships and to provide scalable, secure customer identity and access management.
Headquartered in Mountain View, CA, Gigya is privately held and has raised more than $100m in capital
from several leading venture capital firms including Benchmark Capital, Mayfield, Intel Capital, Adobe
Ventures and Stanford University.
these words carefully because they discuss TRC's future expectations, contain projections of the
Company's future results of operations or of its financial condition, or state other "forward-looking"
information. TRC believes that it is important to communicate its future expectations to its investors.
However, there may be events in the future that the Company is not able to accurately predict or control
and that may cause its actual results to differ materially from the expectations described in its
forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and
uncertainties, and actual results may differ materially from those discussed as a result of various factors,
including, but not limited to, the uncertainty of TRC's operational and growth strategies; circumstances
which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and
income tax assessments; regulatory uncertainty; the availability of funding for government projects; the
level of demand for TRC's services; product acceptance; industry-wide competitive factors; the ability to
continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of
insurance; and general political or economic conditions. Furthermore, market trends are subject to
changes, which could adversely affect future results. See the risk factors and additional discussion in
TRC's Annual Report on Form 10-K for the fiscal year ended June 30, 2015, Quarterly Reports on Form
10-Q, and other factors detailed from time to time in the Company's other filings with the Securities and
Exchange Commission.