Category: Press Releases

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Nikkiso Expands Operations in the U.S. to Support Its Growing Hydrogen Business

TEMECULA, Calif., Oct. 05, 2023 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (Group), part of Nikkiso Co., Ltd., announced today that it has acquired full ownership of its facility in Murrieta, Calif., and 16.4 acres of land to expand its manufacturing and testing operations.

Currently the Group builds and tests cryogenic vaporizers, heat exchangers, process skids, air separation units, and liquefaction products — the expansion will add four hydrogen testing stations on site to support the Group’s growing hydrogen business.

“The hydrogen economy is accelerating as the energy transition progresses, and Nikkiso has a large role to play,” said Peter Wagner, CEO, Nikkiso Clean Energy & Industrial Gases. “This facility expansion allows us to scale operations and better support global demand for our state-of-the-art cryogenic products and technologies.”

Construction will begin in the first half of 2024.

About Nikkiso Clean Energy & Industrial Gases
Nikkiso Clean Energy & Industrial Gases Group is part of the Industrial Division of Nikkiso Co., Ltd. in Japan. The Group is headquartered in Southern California with facilities, offices, and service centers around the world to manufacture and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for industrial gases, natural gas liquefaction (LNG), hydrogen liquefaction, ammonia, and carbon capture and liquefaction.

Media contact
Lisa Adams
+1 405 492 1689

GlobeNewswire Distribution ID 8944570

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Cyber security: technology and skills at the heart of Cybertech Europe, Leonardo SpA presents new industrial plan ready for 2024

ROME, Oct. 05, 2023 (GLOBE NEWSWIRE) — Technology, skills, education, cloud computing, artificial intelligence, defence, critical infrastructure, Space and data protection. These are the themes that fuelled Cybertech Europe 2023, organised in partnership with Leonardo SpA.

Leonardo announced its new industrial plan is set to be ready by the beginning of 2024. As CEO and former Minister of Ecological Transition Roberto Cingolani stated, this plan will rest on two pillars: Space and cyber security.

Cybertech Europe has reached its sixth edition and is primarily dedicated to cyber security. The event, hosted at the Convention Center La Nuvola in Rome, in the EUR neighbourhood, on October 3–4, brought together leading international experts, representatives from institutions, academia, and the business world. This sector is experiencing rapid growth and, in Italy alone, with a market increase of 18% per year.

Leonardo’s plan will be unveiled in the new year. Cingolani explained the spirit that will drive it, highlighting two main aspects. On the one hand, there is the concept of security, which integrates into the present and projects into the future: products, from now on, will have to be designed with this sensitivity right from the outset, starting with the design phase. On the other hand, there is the Space chapter, dealing with satellite management, the internet, and the enormous amount of data that will need protection, travelling above our heads.

“The new industrial plan, which I can’t reveal too much about,” Cingolani noted, “will have two pillars of innovation. First, cyber security understood as a new platform that allows us to design any Leonardo product as ‘cyber secure by design,’ meaning cyber security is incorporated from the design phase and not added after having designed the helicopter or plane. The second pillar will be Space because, as you’ve understood, much of what is now the internet will be via satellite. Space will generate an infinite amount of data that also needs protection.” This will complement the, “traditional core business: aircraft, helicopters, and electronics, to be enhanced with artificial intelligence and digitalisation.”

According to Andrea Campora, Managing Director of the Cyber and Security Solutions Division at Leonardo, “Cyber security is a global ecosystem. The hybrid threats of the past two years have demonstrated the need for a systematic and cooperative response. We have been saying this for ten years, but finally, we are starting to see these responses on a strategic, technological, practical, and organisational level.”

Lastly, Cingolani touched on two points: the operability of the pan-European virtual centre for cyber risk management, which is, “a first step in a strategy that should consolidate in the coming years at the European level,” and the relationship, described as “science fiction” and “false” when portrayed as adversarial, between artificial intelligence and humans.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A video accompanying this announcement is available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/1e136466-3a3a-44ed-94fb-db060772c5f3

GlobeNewswire Distribution ID 8944534

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Edison celebrates 140 years and plans to invest €10 billion in ecological transition by 2030

Edison celebrates 140 years and plans to invest €10 billion in ecological transition by 2030

MILAN, Italy, Oct. 05, 2023 (GLOBE NEWSWIRE) — Edison marks 140 years in business this year and unveils its development strategy for 2030, with goals extending to 2040, aimed at “strengthening its commitment to ecological transition in support of its customers and the safety and autonomy of the national energy system.” The energy group, led by CEO Nicola Monti, intends to accelerate Italy’s path towards energy transition through a plan that entails investments of €10 billion between 2023 and 2030, with 85% of these investments aligning with the UN Sustainable Development Goals (SDGs).

Approximately €5 billion will be allocated to renewables, €1 billion to flexibility systems, €2.5 billion to energy services for decarbonising consumption, and €1-2 billion to gas sector activities and expanding the customer portfolio. Edison’s plan aims to double EBITDA by 2030, reaching a range of €2 to €2.2 billion compared to €1.1 billion achieved in 2022. According to top management, this goal will be achieved through a significant transformation of the industrial portfolio, with activities having zero or near-zero direct emissions accounting for 70% of EBITDA, compared to the three-year average of 35%.

Edison also intends to maintain its key role in the country’s energy security and autonomy, with a flexible and increasingly decarbonised gas portfolio, thanks to green gases like hydrogen and biomethane. The goal for 2030 is to continue to meet 20% of Italy’s gas demand with green gases, which will account for around 5% of the portfolio.

Among the announcements made during Wednesday’s press conference at the Milan headquarters, CEO Monti talked about hiring plans: “We expect to hire an average of around 300 people per year until 2030.” Monti then focused on Edison’s role: “140 years ago, we initiated the electrification process in the country and ushered in a new era. Today, we are a leader in the energy transition, and our history of pioneering has accustomed us to responsibly contribute to the country’s future to ensure the safety, stability, and autonomy of the national energy system.” “This,” Monti continued, “means always looking ahead and making courageous choices today. That’s why Edison continues to invest in innovation to create new Italian and European value chains in the ecological transition.”

The company is also betting on new technologies. According to Edison, “nuclear energy is one of the lowest CO2-emitting generation sources, ensures minimal land consumption compared to installed electric power, and allows for optimal production scheduling.” The ambition, it stresses, is “to develop new nuclear power, if the conditions are created for its return to Italy. In particular, Edison aims to launch two 340 MW nuclear power plants with SMR technology between 2030 and 2040, leveraging the technological expertise of shareholder EDF.”

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eeccf615-a226-45de-b000-2393efc566eb

GlobeNewswire Distribution ID 8944502

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Duck Creek Technologies Earns Top 50 Solution Provider Status and Top 100 Fast Track FinTech in IDC’s 2023 FinTech Rankings

Recognition comes alongside ecosystem partners and global technology leaders who support global insurance businesses

BOSTON, Oct. 05, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announces its recognition as a 2023 IDC FinTech Rankings Top 50 solution provider and a Top 100 Fast Track FinTech. This is the second year in a row Duck Creek has been named on the prestigious list with other global technology leaders, demonstrating its noticeable, continued growth and strong market traction.

The IDC FinTech Rankings select the global technology leaders based on prior calendar year revenue results. Those included in this year’s rankings are critical to the modernization and digital transformation of the financial services industry, and Duck Creek is proud to be named along with ecosystem partners, such as Accenture, Capgemini, Cognizant, CoreLogic, DocuSign, Eviden, Experian, EY, Hexaware, HCLTech, IBM, LTIMindtree, Microsoft, NTT DATA, Smart Communications, TransUnion and Wipro. Duck Creek achieved year-over-year growth by focusing on customer success and its partner ecosystem approach, affirming that it “takes a village” to support the most sophisticated insurers worldwide with market-leading technology solutions.

“The deep trust from our global customers and partners paired with our world-class technology and our award-winning culture has enabled Duck Creek to achieve historical growth while adapting to a dynamic macro climate and evolving insurance industry trends,” said Rohit Bedi, Chief Revenue Officer, Duck Creek Technologies. “Our inclusion on the 2023 IDC FinTech Rankings reinforces our passion for enabling the success of our customers and the differentiated value we bring to the insurance industry as a globally trusted modern P&C SaaS brand.”

“IDC has been producing the IDC FinTech Rankings for twenty years and has expanded the program to now include the top 150 solutions providers to ensure we get the most accurate representation of the largest FinTech’s in the world,” said Marc DeCastro, research director at IDC. “The technology companies on this list provide the innovation necessary to keep the financial services at the forefront of providing modern digital experiences across all aspects of a customer’s financial journey.”

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Media Contacts:
Carley Bunch
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8944045

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Fluence Named Top Battery-Based Energy Storage Provider in S&P Global Commodity Insights Report

According to the 2023 Battery Energy Storage System Integrator Report, Fluence leads the global market share of installed and planned energy storage projects

ARLINGTON, Va., Oct. 05, 2023 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and optimization software for renewables and storage, has been named the top global provider of battery-based energy storage systems according to the 2023 Battery Energy Storage System Integrator Report published by S&P Global Commodity Insights. The ranking is based on market share of installed and planned projects. The report also ranks Fluence as the top storage provider within the U.S. market, with 22% market share based on MW of installed capacity. The company operates across 47 markets globally with over 7 GW of energy storage assets contracted and deployed.

“We’re pleased to be recognized as the world’s leading energy storage provider by S&P Global Commodity Insights,” said Fluence President and Chief Executive Officer Julian Nebreda. “As the world quickly turns to energy storage as a key enabler of the clean energy transition, our industry will no doubt become increasingly competitive. Fluence’s ecosystem of solutions, including cutting-edge energy storage products, optimization software, and operational services combined with more than 15 years of team experience contribute to our leading position and rapid growth in this market. Most important though is our focus on creating long-term partnerships with customers globally to work at the speed that meets their needs in this rapidly changing, complex battery storage market.”

Fluence was also named the top global energy storage provider in the 2021 Battery Energy Storage System Integrator Report published by IHS Markit (now part of S&P Global Commodity Insights). In addition, Fluence won System Integrator of the Year as well as Product of the Year for the company’s Ultrastack energy storage product at the 2023 Energy Storage Awards. The 2023 Battery Energy Storage System Integrator Report is available through S&P Global Commodity Insights Clean Energy Technology.

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and optimization software for renewables and storage. With a presence in 47 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage from any provider. The company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids.

For more information, visit our website, or follow us on LinkedIn or Twitter. To stay up to date on the latest industry insights, sign up for Fluence’s Full Potential Blog.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, without limitation, statements regarding anticipated demand for the Company’s energy storage products and services, planned projects by the Company and corresponding market share under the 2023 Battery Energy Storage System Integrator Report published by S&P Global Commodity Insights, relationships with new and existing suppliers, the Company’s progress towards meeting its strategic objectives, impact of the Inflation Reduction Act of 2022 or any other proposed legislation, and projected prospects, plans and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, our ability to execute projects, our ability to successfully execute our business and growth strategy, our ability to develop new product offerings and services and adoption of such new product offerings and services by customers, failure to realize potential benefits of the Inflation Reduction Act of 2022, and other factors set forth under Item 1A.“Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2022, filed with the Securities and Exchange Commission (“SEC”) on December 14, 2022, as updated by Part II, Item 1A. in our Quarterly Reports on Form 10-Q, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Media Contact
Shayla Ebsen, Director of Communications
Email: media.na@fluenceenergy.com
Phone: +1 (605) 645-7486

Analyst Contact
Lexington May, Vice President of Investor Relations
Email: investorrelations@fluenceenergy.com
Phone: +1 (713) 909-5629

GlobeNewswire Distribution ID 8944040

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Constellation Brands Reports Second Quarter Fiscal 2024 Financial Results

VICTOR, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, reported today its second quarter fiscal 2024 financial results. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Chief Financial Officer, Garth Hankinson, on Thursday, October 5, 2023 at 10:30 a.m. EDT. Visit ir.cbrands.com to locate information for joining the conference call or a live, listen-only webcast of the conference call.

ABOUT CONSTELLATION BRANDS

Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on X, Instagram, and LinkedIn.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Carissa Guzski 315-525-7362 / carissa.guzski@cbrands.com		 Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com
Snehal Shah 847-385-4940 / snehal.shah@cbrands.com
David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com

A PDF containing our Second Quarter Fiscal 2024 Results and full financial tables is available at: http://ml.globenewswire.com/Resource/Download/40c9ef93-f678-4783-8112-14fa58a06433

GlobeNewswire Distribution ID 8944071