Cemvita Factory | February 18, 2022
The Gold Hydrogen Program, a coalition of organizations seeking to support the scale of this clean energy resource, announced its launch — and the debut of a pilot microbial Gold Hydrogen Process — during this week's 2nd American Hydrogen Forum.
A joint industry partnership to commercialize clean, gold hydrogen, the program's founding members include Cemvita Factory (innovator in low-carbon microbial solutions for energy and mining resource extraction, production, and renewal), and Chart Industries, Inc. (a leader in clean energy solutions). Other collaborators include EXP (a global engineering and consulting firm); and The Center for Houston's Future (a nonprofit organization devoted to fact-based strategic planning, collaboration, and action on issues of great importance to the long-term future of Houston).
Hydrogen can be naturally occurring or manufactured and when burned, its only byproduct is water. At almost double the efficiency of conventional fuel, it is a prized source of clean energy. However, conventional hydrogen production is energy-intensive; thus, hydrogen products are classified by colors — green, blue, grey, brown, and more — that describe the process used for creation (including electrolysis, steam-methane, oil, or coal production methods).
Found naturally deep in the Earth, "gold hydrogen" is an unparalleled resource that until now, has been cost-prohibitive to extract and not commercially viable. However, this could change with new subsurface biomanufacturing techniques, spearheaded by Cemvita, that hold the promise for efficient and clean extraction.
With the potential to revitalize and remediate thousands of depleted, abandoned oil and gas reservoirs around the country, the extraction techniques meld existing infrastructure with cutting-edge microbiology to scale clean energy solutions quickly while creating new revenue streams for heavy industry companies.
Gold Hydrogen presents a unique opportunity for innovative companies to serve and thrive in the transition to a clean economy. Replete with assets and infrastructure, skilled workforces, and global footprints, these companies can be leaders at a time when ambitious climate action is dramatically increasing demand for energy, resources, and minerals. But this will not be possible without scalable innovations to rapidly reduce the carbon footprint of operations."
Moji Karimi, CEO of Cemvita Factory
"Microbiology shows incredible potential for unlocking the promise of Gold Hydrogen in a clean, efficient way," said Zach Broussard, Head of Petroleum Microbiology at Cemvita and Gold Hydrogen Program Manager. "Through this program, we are looking forward to collaborating with companies who value innovation and are committed to leading the clean energy transition."
"The need for innovative energy solutions is paramount as the world continues to shift towards green energy. To help clients achieve their goals of outcome-focused, safe, and achievable energy solutions, we joined Cemvita and partners on this important initiative," says EXP's Business Development Director, Energy Services L.J. Guillotte.
"Cemvita Factory's work on building an alliance to commercialize Gold Hydrogen and to transform heavy industries for a net-zero economy shows how Houston companies can lead in low-carbon energy innovation," said Brett Perlman, CEO of the Center for Houston's Future. "The Center is creating a coalition of stakeholders, including Cemvita and its partners, committed to developing the Houston region as a clean hydrogen hub. Cemvita's work illustrates how Houston's deep energy industry expertise can drive this effort."
"We continue to believe that innovation and collaboration are critical to the future of hydrogen and the accomplishment of private and public carbon emission reduction goals," stated Jill Evanko, CEO of Chart Industries. "Cemvita has a unique approach to this, and we are pleased to partner with another application that is likely to utilize Chart hydrogen and cryogenic equipment."
Through the Gold Hydrogen Program, member companies collaborate to generate gold hydrogen cleanly, efficiently, and at scale to meet rising global demand. Program members receive early access to IP at preferential rates, and participation in the group is capped at ten members.
About Cemvita Factory
Cemvita Factory, Inc, is on a mission to reimagine the heavy industries such as Oil and Gas and mining for the net-zero economy. This is done by sustainable extraction of natural resources, low-carbon production of chemicals, and closed-loop renewal of waste as feedstock.
About Chart Industries, Inc.
Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets. Our unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas and CO2 Capture amongst other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers. With over 25 global locations from the United States to Asia, Australia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities.
With a mission to understand, innovate, partner and deliver, EXP provides engineering, architecture, design and consulting services to the world's built and natural environments. Our heritage dates back to 1906, when the earliest of EXP's predecessor companies started its engineering infrastructure practice.
Today, thousands of EXP professionals across North America provide the passion and experience needed to deliver successful projects around the world.
About Center for Houston's Future
Center for Houston's Future is a 21-year-old nonprofit that brings business, government, and community stakeholders together to engage in fact-based strategic planning, collaboration and action on issues of great importance to the region.
STRATEGY AND BEST PRACTICES
Pedego Atlanta | May 20, 2022
Pedego Atlanta, is independently owned and operated by Kathy Woirol and offers a full range of e-bike sales, rentals, services, and accessories. Pedego Electric Bikes is an award-winning electric bike company with sixteen unique models and over 200 brick and mortar stores.
Kathy Woirol was ready for a change and wanted to invest in something that would help her and the Atlanta community live a healthy lifestyle. Woirol found the perfect opportunity within Pedego to become a business owner, an entrepreneur and establish space in Atlanta, all in one. Since opening her store in 2021, she began to integrate herself and her Pedego store into the community.
Pedego has found great success in their non-franchise retail model over the past 13 years, and continues to hit the throttle on opening physical stores. By offering entrepreneurs the opportunity to become independent store owners, Pedego separates its success from the rest and is set to open over one store a week across North America throughout 2022.
Woirol has served her community by working with the organization Bearings Bike Works, a nonprofit that operates by focusing on four unique development skills programs, which teaches children ages 6-18 how to build and repair bicycles. Kids meet weekly and develop hard skills, soft skills, and character strengths that can impact and make a difference. These children have an opportunity to earn bikes through the program as well.
Since learning about the mission of Bearings Bike Works, Woirol has sought to contribute to their efforts. Specifically, Woirol has helped Bearings Bike Works by donating a Pedego bike to be raffled off at their annual fundraiser. Woirol anticipates increasing her work with Bearings Bike Works and beyond - finding as many outlets as possible to fully integrate herself into the Atlanta community.
"When I moved to Atlanta, I was ready to put down roots, and for me, a big part of that was to find opportunities to engage in the community, While getting up to speed on the biking market in Atlanta, I came across Bearings Bike Works and it seemed like a perfect fit! I love that they focus on kids, provide a safe place to hang out after school and best of all, empower kids to learn, build and earn a bike of their own. We've partnered on several events now, and I look forward to a continued relationship with Bearings. I hope one day to hire a Bearings "graduate" to work at Pedego Atlanta!"
-Kathy Woirol, owner of Pedego Atlanta.
Pedego Electric Bikes, Headquartered in Orange County, California, has built a brand on a complete line of class-leading electric bikes, from cruisers to fat tire trail bikes, an industry leading 5-year warranty and a network of locally-owned dealers available for customization and regular on-site servicing.
Pedego Atlanta is close to many trails and is located on the Atlanta BeltLine, which is a 22-mile rails to trail system around the core of the city. The city also offers many paths and safe city biking lanes.
About Pedego Atlanta
Pedego Atlanta is located at 414 Bill Kennedy Way SE Suite 101, Atlanta, GA 30316, and offers e-bikes for rental and purchase, as well as bike mechanic service and professional assembly to suit all Pedego e-biking needs.
About Pedego® Electric Bikes
Founded in 2008, Pedego® is the leading brand of electric bikes in North America. Pedego is famous for premium quality, five-star local service, and an industry leading five year warranty. A complete line of 19 electric bike models are available at over 200 locally-owned Pedego stores that offer sales, rentals, tours, accessories, and service.
Robbins Geller Rudman & Dowd LLP | February 21, 2022
The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of SunPower Corporation securities between August 3, 2021 and January 20, 2022, inclusive have until April 18, 2022 to seek appointment as lead plaintiff in Jaszczyszyn v. SunPower Corporation, No. 22-cv-00956. Commenced on February 16, 2022, the SunPower class action lawsuit charges SunPower and certain of its top executives with violations of the Securities Exchange Act of 1934.
SunPower is a solar energy company that provides hardware, software, and financing options for customers.
The SunPower class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) certain connectors used by SunPower suffered from cracking issues; (ii) as a result, SunPower was reasonably likely to incur costs to remediate the faulty connectors; (iii) consequently, SunPower's financial results would be adversely impacted; and (iv) thus, defendants' positive statements about SunPower's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On January 20, 2022, SunPower announced that it had "identified a cracking issue that developed over time in certain factory-installed connectors." SunPower "expects approximately $27 million of supplier-quality related charges in fourth quarter 2021 and approximately $4 million in the first quarter of 2022" to replace the faulty connectors. On this news, SunPower's share price fell nearly 17%, damaging investors.
The Lead Plaintiff Process
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased SunPower securities during the Class Period to seek appointment as lead plaintiff in the SunPower class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class action lawsuit. An investor's ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff.
About Robbins Geller Rudman & Dowd LLP
With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions. Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors that year, more than double the amount recovered by any other securities plaintiffs' firm.
Renewable Energy Group, Inc. | May 23, 2022
Renewable Energy Group, Inc. (REG) (NASDAQ: REGI), a global producer and supplier of bio-based diesel, has entered into strategic collaboration agreements with CFN and Pacific Pride, two of North America’s largest cardlock fueling networks, to provide cleaner fuels through their branded cardlock networks. Partnering REG’s portfolio of bio-based diesel with CFN and Pacific Pride’s vast network of cardlocks will allow the companies to play a critical role in furthering the utilization of cleaner fuels by fleets across North America.REG’s bio-based diesel is easy to adopt and immediately begins reducing fossil carbon emissions. Under the new arrangement, REG’s UltraClean BlenD™, a proprietary blend of biodiesel and renewable diesel, and other fuels from REG’s EnDura Fuels™ product line, will be available to customers via CFN and Pacific Pride’s vast cardlock network. CFN and Pacific Pride operate cardlocks in a number of regions across the U.S. and Canada.
“We continue to provide our Marketers with the tools and products they need to adapt to a changing marketplace, Our alliance with Renewable Energy Group will position our networks for the future by ensuring we have the products available to meet the needs of the growing biofuels market.”
-CFN and Pacific Pride President, Eric Lind
For REG, this opens up new customer opportunities through a larger geographic footprint, and allows the business to provide bio-based diesel directly to end users. The businesses are committed to continuing to provide customers with the quality and service they expect, with an expanded offering of cleaner fuel options.
This collaboration exemplifies what we want to do at REG: work with industry leading companies and help guide customers during the energy transition by enabling them with access to clean fuel alternatives, said Bob Kenyon, Senior Vice President, Sales and Marketing at REG. “Our cleaner fuels and customer service are helping to reduce greenhouse gas emissions today and offer a plug-and-play solution for most fleets across North America.
The organizations hope to begin expanding availability of bio-based diesel later this year, initially focused on cardlocks on the West Coast. Renewable Energy Group’s technical services team will support the implementation, ensuring customers are receiving the best products for their region and season.
About Renewable Energy Group
Renewable Energy Group is leading the energy and transportation industries’ transition to sustainability by converting renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2021, Renewable Energy Group produced 480 million gallons delivering 4.1 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
About CFN and Pacific Pride
CFN and Pacific Pride provide fuel card authorization, transaction processing, cardlock site branding, and reciprocal site access for independent petroleum marketers. Marketers join the CFN and Pacific Pride networks to provide their fleet customers access to cardlock network locations, and realize the economic benefit from customers of other members fueling at their locations. Through a CFN or Pacific Pride affiliation, petroleum marketers can offer commercial fleets an integrated fueling solution with access to over 57,000 locations via the Fuelman® network, a FLEETCOR® company. Based in Seattle, Washington, CFN and Pacific Pride are the largest private-branded cardlock networks in North America. CFN and Pacific Pride are part of the FLEETCOR® (NYSE: FLT) portfolio of brands.