febrero 2021 – Página 302

PMC Capital Acquires Specialty Engineering Firm UniversalPegasus International from Huntington Ingalls Industries, Inc.

LOS ANGELES, Feb. 3, 2021 /PRNewswire/ — PMC Capital Partners, LLC (PMC Capital) is back again on the acquisition trail after completing the buy-out of an award-winning multifunctional engineering design firm, UniversalPegasus International, Inc., of Huntington Ingalls Industries, Inc. (NYSE: HII). Headquartered in Houston, Texas, UniversalPegasus has a track record of delivering turnkey integrated engineering, procurement, and construction management (EPCM) solutions; ranked by Engineering News-Record (ENR) as No. 59 of the Top 500 Design Firms and among the top 10 in the petroleum sector. ENR’s list ranks public and private companies by its markets’ share of total revenue. Financial terms of the deal with HII were not disclosed.

«We are extremely excited to acquire UniversalPegasus International (UPI) and its amazing team of 600 professionals. Spearheaded by an impressive business leader in CEO, Tom Davison, the UPI team maintained record-level engineering design revenues during an economically crippling COVID-19 pandemic while building a backlog/pipeline of business that will continue to support future success. Acquiring UPI coincides with PMC Capital’s vision to acquire and support an elite technical staff of engineers who deliver first-class mission-critical business services to blue-chip customers,» said Chris Aye, Managing Partner of PMC Capital.

«UPI’s decades of record success delivering engineering, logistical, and construction management solutions captivated PMC Capital. Not only will PMC Capital support UPI in maintaining a high level of service for its clients — we look forward to building and exceeding UPI’s past accomplishments. We’re excited to partner with Tom and his team as we aggressively embark on a multifaceted growth strategy,» added Mr. Aye.

«UPI is the industry leader in project delivery and the employer of choice in the Houston and Calgary engineering markets. Our success stems from our strong company values and commitment to transparency. With PMC Capital behind us, UPI will continue to differentiate itself and outperform the competition as one of the few remaining independent oil and gas engineering companies. We expect to emerge from the pandemic in a strong financial position poised for double-digit growth,» said Tom Davison, CEO of UPI.

«We are pleased to have reached this agreement. PMC Capital is a great new home for UniversalPegasus International, its world-class people and services,» said Andy Green HII Executive Vice President and President of HII’s Technical Solutions division. «It will enable UPI to continue to flourish, ensuring the business remains at the forefront of innovation and customer service in the future.»

Ernst & Young Capital Advisors, LLC served as Huntington Ingalls Industries, Inc.’s exclusive financial advisor for the transaction.

About UniversalPegasus International

UPI is a privately held company headquartered in Houston, with a strategically located office in Calgary, Canada, and currently employs close to 600 personnel.

UPI has provided a broad range of engineering and project management services to the energy industry for over 50 years. Whether onshore or offshore, from the wellhead to processing facilities to delivery points, UPI delivers the engineering, design, project management, survey, inspection and construction management personnel to move energy safely, reliably and efficiently to domestic and international marketplaces. Find out more at www.universalpegasus.com/.

About PMC Capital Partners, LLC

Established in 2019, PMC Capital is on the path of becoming one of the fastest-growing private equity firms that invests in strategic opportunities where thought, operational resources and flexible capital can empower management teams to execute their business plans. PMC Capital currently owns and operates a portfolio of high-quality national and international businesses in the lower middle-market space, employing nearly 1,000 employees, with approximately $450M in combined annual revenues. With over 100 years of collective private equity experience, PMC Capital brings a successful track record of executing corporate carve-outs, recapitalizing balance sheets, acquiring founder-owned companies and completing bolt-ons. With a committed pool of capital backed by a family office, PMC Capital targets control equity investment opportunities in the business services, industrials, TMT, consumer and health care sectors. The nature of PMC Capital’s platform allows for a longer-term time horizon and a business-friendly approach to ownership transitions, divestitures and successions.

The firm is headquartered in Los Angeles, California. For more information, visit www.pmccapital.com

About Huntington Ingalls

Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder at its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Employing more than 38,000 in Virginia, Mississippi, Louisiana and California, HII also provides a wide variety of products and services to the commercial energy industry and other government customers, including the Department of Energy. For more information, visit:

HII on the web: www.huntingtoningalls.com
HII on Facebook: www.facebook.com/HuntingtonIngallsIndustries
HII on Twitter: twitter.com/hiindustries

Contact

Chris Aye

Managing Partner, PMC Capital Partners, LLC

chris@pmccapital.com

+1 818 896 1101

Related links

www.pmccapital.com

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SOURCE PMC Capital Partners, LLC

Granulate Raises $30 Million Series B to Boost Compute Performance and Slash Computing Costs for Any Company

TEL AVIV, Israel, Feb. 3, 2021 /PRNewswire/ — Granulate, a company providing an autonomous real-time computing workload optimization and cost reduction solution, today announced a $30 million Series B funding round, bringing the company’s total amount raised to $45 million. The round was led by Red Dot Capital Partners with the participation of existing investors Insight Partners, TLV Partners, and Hetz Ventures. Dawn Capital also joined the round as a new investor. The Series B is Granulate’s second round of funding over the past ten months, as adoption of the company’s solution has more than tripled since the Series A.

Rising computing costs are a growing problem for companies of all sizes and from every industry. Granulate addresses this problem with its AI-driven solution that tailors workload prioritization for the unique needs of any company, reducing response times by up to 40% and driving a 5X increase in throughput. Functioning at the Operating System level, Granulate enables organizations to achieve at-scale workload performance, reducing costs by up to 60%. Designed to function in any computing infrastructure and environment, implementing Granulate is simple and fast, requiring zero code changes or R&D involvement, and results are seen within days, if not hours.

«Companies with increased computing resource needs have faced a simple trade-off – pay more or get by with less. Granulate lets companies do both: achieve much more with what they already have while paying less, gaining higher efficiency and margins,» said Asaf Ezra, Co-founder and CEO of Granulate. «In the wake of today’s challenging financial realities, we’ve seen a staggering increase in demand for our solution, which saves companies money, computing resources, and time. Optimized computing power means optimized business.»

Over the past 10 months, Granulate has experienced 360% new customer growth and 570% revenue growth, with the number of CPU cores under management rising by over 10X to over 300,000 cores. All told, Granulate has saved customers over 3 billion hours of core usage. Likewise, the rising adoption of Granulate’s optimization technology has led to a substantial reduction in computing energy needs, with over 15,000,000 pounds of carbon emissions saved.

«Granulate’s unique technology and impressive growth since their last funding round reflects a rising market demand for their game-changing optimization solution,» said Yaniv Stern, Managing Partner at Red Dot Capital Partners. «For companies facing rising infrastructure costs or focusing on operating cost reduction, Granulate offers a solution that can drive additional improvement regardless of any other solutions already deployed by their clients.»

«Granulate’s offering is unparalleled in the market, enabling companies to dramatically boost the performance of their cloud infrastructure whilst reducing costs. The business’s exceptional growth to date reflects both the accelerating customer demand and sophistication of their solution —infrastructure agnostic, with simple no-change-of-code implementation,» said Evgenia Plotnikova of Dawn Capital. «Cloud has won. As every company becomes a software company, Granulate represents a true revolution in the world of infrastructure that powers it all. We are hugely excited to see their journey ahead as the business continues to scale globally.»

«With the rapid adoption of usage-based public clouds, we’ve returned to a world – not unlike the mainframe era – where dramatic improvements in speed and efficiency of computing systems drop directly to the bottom line. This is particularly salient for companies that are rapidly digitizing their offerings in the midst of a global pandemic and the associated financial crisis, and this trend will continue far into the future,» said Lonne Jaffe, Managing Director at Insight Partners. «It’s hard to think of a company that won’t benefit from Granulate’s offering since it’s showing such significant performance and cost improvements across both sophisticated data and transactional workloads. Our increased investment is a testament to our excitement about Granulate’s market opportunity and momentum.»

About Granulate

Granulate is a real-time, autonomous computing optimization company that delivers reduced compute costs, faster response time, and better throughput, without any code changes required. Granulate’s patent-pending next-generation solution provides AI-driven, infrastructure and workload optimization for robust compute performance and cost improvements in any computing environment, empowering businesses of any size from any industry by bolstering their computing power while slashing computing costs. Companies that have implemented Granulate have reduced compute expenses by up to 60%, benefitting from a 40% response time reduction and 5X increase in throughput.

Granulate Contact:
Raanan Loew
Raanan@headline.media
US: +1-347-897-9276

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SOURCE Granulate

Mobius Risk Group Joins IETA, Commits to Market-Based Climate Solutions

HOUSTON, Feb. 3, 2021 /PRNewswire/ — Mobius Risk Group affirms commitment to Environmental, Social, and Governance (ESG) practice and markets by joining the International Emissions Trading Association (IETA).

Armed with decades of…

Armed with decades of experience, a trove of data, market-leading analytics, and a proprietary C/ETRM, Mobius joins IETA alongside dozens of companies committed to market-based climate initiatives to advance the clean energy transition in a sensible and scalable way.

«We’re excited to be a member of an international group of business leaders taking bold steps to nurture carbon markets and pricing as a market-based solution to climate change,» says Eric Melvin, CEO at Mobius Risk Group.

Solving the climate crisis requires innovation, transparency, and capital allocation towards projects and initiatives that provide the highest value from an environmental and financial perspective. Mobius Risk Group’s proprietary C/ETRM, RiskNet, provides clients visibility into their real-time carbon footprint, credit/REC/offset portfolio position, and market pricing, organized down by compliance regime, vintage, registry, and project type. With intuitive visualization tools, mobile access, and analytics informed by Mobius’ 20-year track record in energy and commodities markets, the risk advisory firm is poised to play a pivotal role in improving today’s environmental markets’ credibility and functionality.

ABOUT MOBIUS RISK GROUP

Mobius Risk Group, LLC is an independent, international commodity and physical energy risk advisory firm. Founded in 2002, Mobius provides strategic advisory services including financial, physical, and commodity risk management and valuation, carbon strategy development, and regulated energy oversight for producers, consumers, distributors and capital providers backed by its proprietary C/ETRM, RiskNet. RiskNet connects an entire organization with a single, comprehensive, controlled data source to drive more effective strategic decision-making amid volatile market changes. RiskNet is available as a mobile and tablet app to support seamless, streamlined decision making, even when teams are distributed or remote.

ABOUT IETA

The International Emissions Trading Association (IETA) is a non-profit business organization created in June 1999 to establish a functional international framework for trading in greenhouse gas emission reductions. Membership includes leading international companies from across the carbon trading cycle. IETA members seek to develop an emissions trading regime that results in real and verifiable greenhouse gas emission reductions while balancing economic efficiency with environmental integrity and social equity.

Contact:
Nicole Denise
mobius@callmargo.com
971-413-8337

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SOURCE Mobius Risk Group

2021 Housing Market Shaping Up to be Even Hotter than 2020

SEATTLE, Feb. 3, 2021 /PRNewswire/ — (NASDAQ: RDFN) — The extreme pandemic-driven seller’s market is intensifying and will likely last through the first half of the year, according to a new report from Redfin (<a target="_blank"…

In the week ending January 24, home-sale prices soared 18% and pending sales grew 28% from the same period last year. Fifty-five percent of homes that went under contract that week found a buyer in 14 days or less—the largest share to sell that quickly in at least nine years (Redfin data on this measure goes back through 2012).

«The main thing going on is scarcity of homes for sale. There’s nothing there, so people want it even more,» said Seattle Redfin real estate agent Scott Petrich. «Potential homebuyers who don’t have a good amount of savings are having a very hard time getting a house right now because the lack of supply is driving up prices, while low mortgage rates increase demand.»

Both the number of homes for sale—down 36% from a year ago during the week ending January 24—and the rate that new homes are being listed for sale—down 13%—are falling from last year’s already-low levels. The average home spent just 34 days on the market before selling—20 days less than the same time a year ago and also a record low for this time of year as far back as our data for this measure goes.

«There will continue to be a lack of new listings in early 2021,» said Redfin chief economist Daryl Fairweather. «But rock-bottom mortgage rates will have buyers eager to purchase the few listings that do hit the market. So I expect bidding wars, fast sales and double-digit price growth to continue. We are at a point in the pandemic where would-be sellers are expecting to be vaccinated in the next 6 months, so they may be waiting for that before selling. Once many more people are vaccinated for the coronavirus and more homeowners start to feel comfortable listing their homes for sale, the current deadlock of housing supply should start to loosen. Mortgage rates could inch up at the same time, which could bring a slight chill to the scorching-hot seller’s market.»

Homebuying demand, which typically slows through the winter, is 60% above where it was last year. This is according to the Redfin Homebuyer Demand Index, which measures requests to Redfin agents for homebuying services such as home tours and making offers to purchase a home.

«I don’t see the market slowing down at all in the next few months,» said Phoenix Redfin real estate agent Van Welborn. «People are confident in the market and people are buying homes. And it seems like nothing is holding them back: There was absolutely no slowdown for the holidays, the election didn’t affect anything, and the attack on the Capitol didn’t register on the housing market at all.»

While the hot market is largely only benefitting the few people who are selling their homes this winter, there are many people who simply couldn’t have afforded to buy a home within a short commute to work who are taking advantage of the flexibility of remote work and moving to where they can afford home prices and more space.

«It used to be that homebuyers who were priced out of the closer-in suburbs would look farther out for a home they could afford and compete for,» said Petrich. «Thanks to remote work, there has been a huge shift in homebuying demand to the farther-out, less expensive suburbs. It was very competitive before, but it has become much more intense now that people need more space.»

To view the full report, including charts and methodology, please visit: https://www.redfin.com/news/2021-housing-market-forecast/

About Redfin

Redfin (www.redfin.com) is a technology-powered residential real estate company, redefining real estate in the consumer’s favor in a commission-driven industry. We do this by integrating every step of the home buying and selling process and pairing our own agents with our own technology, creating a service that is faster, better and costs less. We offer brokerage, iBuying, mortgage, and title services, and we are the #1 nationwide brokerage website, offering a host of online tools to consumers, including the Redfin Estimate. We represent people buying and selling homes in over 90 markets in the United States and Canada. Since our launch in 2006, we have saved our customers over $800 million and we’ve helped them buy or sell more than 235,000 homes worth more than $115 billion.

For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email press@redfin.com. To view Redfin’s press center, click here.

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SOURCE Redfin

New Wave Holdings Launches Travel-Size Shower Powders in its Eco-Friendly Collection at Whole Foods Market U.S.

TORONTO, Feb. 3, 2021 /PRNewswire/ – NEW WAVE HOLDINGS CORP. (the «Company» or «New Wave») (CSE: SPOR) (FWB: 0XM2) (OTCPK: TRMNF) an investment issuer that provides capital and support services, announced two new additions to its Nude & Crude shower powder collection to be sold at select Whole Foods Market U.S. locations.

New Wave’s subsidiary, WAY OF WILL, will be introducing two travel-size eco-friendly shower powders to its Nude & Crude collection that’s currently available at 150…

New Wave’s subsidiary, WAY OF WILL, will be introducing two travel-size eco-friendly shower powders to its Nude & Crude collection that’s currently available at 150 Whole Foods Market locations in the U.S. Soon, customers of the supermarket giant will be able to find these compact and convenient products in the stores’ body-care aisle:

Tranquilizing Lavender Travel-Size Shower Powder
Purifying Peppermint Travel-Size Shower Powder

As a part of Whole Foods Market’s FY21 Round 02 Impulse Fixture refresh, these two travel-size shower powder additions will be joining existing Way of Will assortments that are already available at Whole Foods Market US nationwide.

In alignment with Whole Foods Market’s core values, the eco-friendly collection focuses on environmentally friendly packaging, cruelty-free product development, sustainability, and clean beauty. The demand for wellness and beauty products that meet these criteria have been on the rise in the recent years as more and more consumers are prioritizing natural, plant-based products, ingredient transparency, and brands that are both sustainable and ethical.

«We’re very pleased with our ever-growing partnership with Whole Foods Market,» commented the founder and CEO of WAY OF WILL, Willie Tsang. «Whole Foods has built a solid and respected reputation as a retailer carrying natural and organic products of the highest quality available that aligns with Way of Will’s philosophy. To be a part of their list of trusted brands means that our products measure up to their very high standards and are hitting the mark in terms of quality, and we’re extremely proud of that.»

In addition to the absence of harmful or toxic ingredients in its formulas, Nude & Crude boasts eco-friendly product packaging that is made with 99% recyclable materials to minimize further landfill accumulation and contribute to the initiative to eliminate unnecessary plastic packaging.

Grant of stock options and restricted share units

The Company also announces that it has granted an aggregate of 100,000 stock options («Options») to Iman Navab, member of the Company’s scientific advisory board, pursuant to its stock option plan (the «Option Plan»). The Options vest immediately upon grant and are exercisable into common shares at $0.11 per share until February 1, 2026.

The Company also granted an aggregate of 269,181 restricted share units (the «RSUs») to certain consultants of the Company pursuant to the Company’s restricted share unit plan (the «RSU Plan»). The RSUs will vest immediately. The Option Plan and RSU Plan were approved by the shareholders of the Company on December 15, 2020.

The RSUs, Options and any underlying common shares in the capital of the Company will be subject to a four month and one day hold period pursuant to the policies of the Canadian Securities Exchange.

ABOUT NEW WAVE HOLDINGS CORP.

New Wave Holdings Corp. (CSE: SPOR, FWB: 0XM2, OTCPK: TRMNF) is an investment issuer focused on the burgeoning nutraceutical and psychedelic sector and support for adaptive and progressive health and wellness products and therapies. New Wave subsidiaries contain various health and beauty products within its portfolio of non-psychoactive plants and fungi as it continues to expand its product distribution through vertical integration to provide end to end solutions while capturing a high margin business model.

Investors interested in connecting with New Wave Holdings can learn more about the company and contact the team at http://newwavecorp.com.

Information relating to WAY OF WILL INC., contained in this news release was provided by WAY OF WILL INC. and/or its agent and has not been independently verified by the Company. The Company does not take responsibility for the accuracy of such information.

The CSE has not in any way passed on the merits of the Acquisition, and neither has approved nor disapproved the contents of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING INFORMATION DISCLAIMER

Certain statements contained in this news release may constitute forward–looking information, including but not limited to, applicable regulatory approval in connection with the Acquisition, the closing of the Acquisition, expansion of operations, size and quality of future tournaments and projections regarding attendance at future events. Forward–looking information is often, but not always, identified by the use of words such as «anticipate», «plan», «estimate», «expect», «may», «will», «intend», «should», and similar expressions. Forward–looking information involves 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 information. The Company’s actual results could differ materially from those anticipated in this forward–looking information as a result of competitive factors and competition for investment opportunities, challenges relating to operations in international markets, transaction execution risk, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward–looking information are reasonable based on current expectations and potential investment pipeline, but no assurance can be given that these expectations will prove to be correct and such forward–looking information should not be unduly relied upon. Any forward–looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward–looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

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SOURCE New Wave Holdings Corp.

Republic Services Named One of Fortune’s 2021 World’s Most Admired Companies

PHOENIX, Feb. 3, 2021 /PRNewswire/ — Republic Services, Inc. (NYSE: RSG) announced today that it has been named to Fortune’s 2021 World’s Most Admired Companies list. The recognition highlights Republic’s ongoing team-focused management, innovation and socially responsible business practices, which have fostered a world-class reputation.

«Republic Services is honored to be included in Fortune’s 2021 World’s Most Admired Companies, an accomplishment that signifies our company’s commitment to…

«Republic Services is honored to be included in Fortune’s 2021 World’s Most Admired Companies, an accomplishment that signifies our company’s commitment to our people, customers, communities and the environment,» said Donald W. Slager, chief executive officer. «As an essential services provider, this past year has been a demonstration of both our innovative culture and our values in action, and I thank our 36,000 employees for their relentless efforts resulting in the continuity of our services.»

Republic Services is included in the Diversified Outsourcing Services industry category. Companies are ranked on the World’s Most Admired Companies list based on survey responses from approximately 14,000 senior executives, directors and analysts on several key criteria, including innovation, management strengths, talent attraction and retention, social responsibility and business effectiveness.

As an industry leader, Republic Services has received other notable third-party recognition over the last year, including 3BL Media’s 100 Best Corporate Citizens, Forbes’ 2020 Best Employers for Women and Ethisphere’s 2020 World’s Most Ethical Companies, and is certified as a Great Place to Work.

About Fortune’s Most Admired Companies

The World’s Most Admired Companies list is a ranking of corporate reputation based on a survey of select executives, directors and analysts. Fortune and its partners pull an aggregate list of 1,500 companies with revenues of $10 billion or more. From there, the list is narrowed to 670 companies across 52 industries that were then ranked by survey respondents. The survey takes place in the fall.

About Republic Services

Republic Services, Inc. is an industry leader in U.S. recycling and non-hazardous solid waste disposal. Through its subsidiaries, Republic’s collection companies, transfer stations, recycling centers, landfills and environmental services provide effective solutions to make responsible recycling and waste disposal effortless for its customers across the country. Its 36,000 employees are committed to providing a superior experience while fostering a sustainable Blue Planet® for future generations to enjoy a cleaner, safer and healthier world. For more information, visit RepublicServices.com, or follow us at Facebook.com/RepublicServices, @RepublicService on Twitter and @republic_services on Instagram.

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SOURCE Republic Services, Inc.

UberJets app lands this year’s high flyers to the Big Game

TAMPA, Fla., Feb. 3, 2021 /PRNewswire/ — In 2021 consumers have the freedom to order, reserve, or buy anything with a click of a button. Buying has never been more transparent through the utilization of app technology. For this week’s big game travelers can book a hotel, purchase game tickets, and any game day experience all using an app; it only makes sense that one can order a private aircraft to get to the Big game with an app. UberJets puts the power in the palm of your hand to reserve a <span…

It’s a multi-tier platform that allows the jet set or infrequent private flyers the ability to select the exact year, make, and model aircraft always at a single leg pricing. «The companies Fly Fee-lessly model featuring the new Virtual Hangar has attracted tens of thousands of interested private flyers this year,» says Greg Frost, UberJets EVP global partnerships.

Private flyers’ needs are ever-changing, and they value freedom and flexibility today more than ever. It should be simple to book a private jet in today’s booming technology market, but sadly that is not the case with legacy private jet services. Thankfully, UberJets has introduced its Virtual Hangar to give their Let’s Jet app users a wide variety of aircraft options at different price points to give private flyers the freedom to choose the best option for their particular mission. It has never been easier booking a private aircraft using UberJets technology. Unlike jet share programs, jet cards, and fractional ownership, an UberJets Passholder is in complete control of their travel plans, giving them the simplicity of booking on the industry’s most advanced aircraft and technology platform.

About UberJets:
UberJets, founded in 2017, pioneered an innovative, pay-as-you-fly technology Annual Pass model. Inspired by the needs of the modern traveler, UberJets provides 24/7 access to charter services with unparalleled flexibility. While many in private aviation remain fixated on antiquated processes and procedures, UberJets leverages cloud-based machine learning to provide an industry-leading web/app framework. Our technology-driven operating system allows flyers live access to a wide variety of aircraft options, granting freedom to choose the exact year, make and model that serves their mission with the best in market price point. For more information, please visit www.flyuberjets.com.

Follow UberJets Twitter | Instagram.

UberJets LLC
UberJets Media Inquiries:
social@flyuberjets.com
833-823-7538

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SOURCE UberJets LLC

Sunfinity Helps Texas Homeowners Put Solar in the Spotlight with Rebate from the State’s Largest Electric Provider

DALLAS, Feb. 3, 2021 /PRNewswire/ — The largest energy delivery company in Texas, Oncor, has begun accepting applications for their annual solar rebate – one of the state’s best solar rebate offers. For 2021, Oncor has introduced a new, increased maximum size of 15 kW-DC (kilowatts) for eligible consumer systems with rebates up to $8,500.

The Oncor rebate also extends to businesses for systems up to 300kW dc with rebates capped…

The Oncor rebate also extends to businesses for systems up to 300kW dc with rebates capped at $120,000. Sunfinity Renewable Energy has helped a variety of businesses, from non-profits like My Possibilities to coworking site Good Coworking, leverage the Oncor rebate to dramatically cut the cost of a new commercial solar array.

Sunfinity’s Chairman John Billingsley stressed that consumers and businesses can combine the Oncor rebate with the recently increased federal tax credit (where eligible) for even more savings. (The federal tax credit was scheduled to decline from 26% to 22% in 2021 and 10% for 2022 and then be eliminated entirely for consumers in 2023. Congressional legislation in December 2020 extended the 26% tax credit for both consumers and businesses through 2022.) «Every homeowner and every business will have a slightly different situation, but the savings on a new system are compelling – they can go as high as 50% by stacking incentives,» he said. «On top of that, consider that with solar you’ll be saving on electricity for decades to come.»

Oncor serves 408 communities and 98 counties in Texas, including the Dallas-Fort Worth metroplex, east Texas communities like Tyler, central Texas cities like Killeen, Temple, Waco and Round Rock, and west Texas counties including the Midland–Odessa area.

Sunfinity can provide residential and commercial proposals free-of-charge showing a proposed system design, potential monetary and environmental savings, and potential savings with the Oncor rebate and tax credit (www.sunfinity.com/contactus). Battery storage equipment is also possible. The rebate program will be closed when available funds are expended, so interested parties should act immediately.

ABOUT SUNFINITY RENEWABLE ENERGY

Sunfinity Renewable Energy, LLC (www.sunfinity.com) offers customers a clean energy alternative to traditional energy by providing solar power directly to homeowners, businesses, and other organizations for less than they spend on their current utility bills. Sunfinity gives customers control of their energy costs to protect them from the rising rates of electricity and makes switching to solar energy easy by offering turnkey solar system services to customers, from design, permitting and installation to monitoring and maintenance. Sunfinity’s Commercial & Industrial team serves a wide array of for-profit and non-profit organizations, from auto dealerships to schools and learning facilities.

CONTACT: Karla Neely, 214.707.3071, 290624@email4pr.com

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SOURCE Sunfinity Renewable Energy

Vinson & Elkins Attracts Nationally Recognized Renewable Energy Team

NEW YORK and LOS ANGELES, Feb. 3, 2021 /PRNewswire/ — Vinson & Elkins announced today it has expanded its market leading Renewable and Sustainable Energy and Tax practices with the addition of a nationally recognized renewable energy finance team that includes partners Sean Moran, Mike Joyce, Lauren Collins and Aaron Prince, counsel <span…

This team brings to V&E a broad-based and sophisticated energy and infrastructure finance practice and comprehensive experience in acquisitions and tax equity. Each was previously with Wilson Sonsini Goodrich & Rosati LLP.

«Sean, Mike, Lauren and Aaron are among the leading practitioners in renewable energy and tax equity in the United States,» said V&E Managing Partner Scott Wulfe. «Virtually all of our clients are interested in renewable and sustainable energy, and the practice is growing rapidly all over the world. Now is a particularly exciting time in the industry given the convergence of significant economic, technological and political developments. The addition of this team enhances our ability to help our clients navigate the rapidly transforming landscape.»

«V&E’s clients are at the forefront of the energy evolution,» Moran said. «As a result, the firm has all the pieces – the complementary practices and lawyers necessary to serve this client base. We all agreed that joining V&E will allow us not only to continue serving our existing clients at the highest level but to take advantage of a number of opportunities to develop and extend the practice.»

«Capital is being deployed into the renewable energy and adjacent markets at a record pace, and there are significant challenges and opportunities our clients face,» said Kaam Sahely, head of V&E’s Renewable and Sustainable Energy and Infrastructure practices. «The addition of this team, with whom we have worked on multiple transactions, cements our position as a preeminent firm for sophisticated investors and participants in the renewable energy markets.»

Moran, Joyce, Collins, Heideman and Shelton will remain in Los Angeles, where V&E has secured temporary office space and will open a permanent location when conditions permit. Prince will join the firm’s New York office. Below is a brief overview of each new partner and counsel’s practice.

Sean Moran, Tax Equity: Moran focuses on asset finance, with an emphasis on financing, acquiring and disposing of renewable energy, zero carbon and infrastructure assets. Instrumental in creating the structure that has become the standard for renewable energy deals in the United States, Moran has handled many of the country’s largest and most complex renewable energy financing transactions, including numerous first-of-its-kind deals. In the course of his practice, Moran represents Fortune 50 companies, investors, sponsors and developers. His clients include some of the largest investors in the renewable energy market, collectively investing billions of dollars in renewable energy generation. His projects include wind, solar, geothermal, biomass and waste-to-energy facilities that generate electric power in all but a couple of states. Recently, he has represented both investors and sponsors in the development of solar and storage facilities, off-shore wind power facilities and fossil fuel power facilities that sequester carbon. Moran is ranked by Chambers USA (2020) as a Band 1 lawyer nationally for Projects: Renewables & Alternative Energy, where sources call him a «[t]op tax equity lawyer,» and a client says, «[w]e really rely on him from a tax, financing and transactional perspective. He knows the market very well and is incredibly valuable to us.» He graduated from Fordham University with a B.S. degree in 1981 and a J.D. in 1988 and earned an LL.M. in Tax from New York University School of Law in 1994.

Mike Joyce, Corporate: Joyce’s practice focuses on energy and infrastructure finance. He has represented clients in numerous cutting-edge transactions in the energy and infrastructure field, with a particular emphasis on renewable energy sectors such as solar, wind and storage. He also has considerable experience with geothermal, biomass, coal, gas-fired and nuclear projects, as well as with joint ventures and the disposition and acquisition of energy and infrastructure assets. Joyce is a recognized practitioner in Chambers Global and Chambers USA (2020) for Projects: Renewables & Alternative Energy. He received his B.A. degree from Claremont McKenna College in 1998 and his J.D. degree from Santa Clara University School of Law in 2002.

Lauren Collins, Tax Equity: Collins focuses on tax matters related to project finance, with an emphasis on renewable energy and infrastructure assets. She has represented clients in the financing, disposition, acquisition and development of renewable energy projects including solar, wind, energy storage, carbon sequestration, fuel cell and biomass projects. Collins has considerable experience utilizing a variety of structures to finance these assets and has helped develop some of the most complex and cutting-edge renewable energy financing transactions in the United States, including numerous first-of-its-kind deals. In the course of her practice, Collins represents Fortune 50 companies, investors, utilities, sponsors and developers in the renewable energy space and has advised clients more broadly in connection with various federal and state tax matters. Her experience includes tax issues related to M&A and private equity, reorganizations and bankruptcy, structured finance and New Markets Tax Credits. Collins received her B.A. degree from the University of California, San Diego in 2007, and her J.D. degree from the University of Southern California, Gould School of Law in 2010. She also received an LL.M. in taxation from New York University School of Law in 2011.

Aaron Prince, Corporate: Prince’s practice focuses on asset based financing, acquisition and joint venture transactions. He represents tax equity investors, private equity funds, sponsors, lenders, borrowers and other investors in project finance, structured finance, acquisitions, joint ventures and general corporate transactions, primarily in the energy sector, including renewable energy (such as solar, wind, geothermal and refined coal). In addition, Prince has experience advising clients on other asset-based and non-asset based financing transactions, including innovative transactions in the fintech space. Prince received his B.A. degree from Emory University in 2005 and J.D., cum laude from Brooklyn Law School in 2008.

Josh Heideman, Corporate: Heideman’s practice focuses on renewable energy asset finance and acquisitions. Heideman has represented clients in numerous renewable energy transactions in solar, wind, geothermal and biomass, with a particular emphasis on tax equity financing. He also has considerable experience with renewable asset financing, non-asset financing, mergers and acquisitions and asset deals in both the renewable energy and technology sectors. He received his B.A. degree from the University of Southern California in 2003, and his J.D. degree from New York University School of Law in 2006.

Trevor Shelton, Corporate: Shelton represents equity investors, lenders, sponsors and project developers in the energy and project finance space. He has extensive renewable energy experience including the financing of wind, solar and numerous other asset types utilizing a variety of structures. Shelton has worked on many first of their kind transactions as well as some of the largest renewable energy projects in the United States. He received his bachelor’s degree from the University of California, San Diego, in 2002 and his J.D. degree from UCLA School of Law in 2006.

The group’s clients include tax equity investors Wells Fargo, JPMorgan, The Goldman Sachs Group, State Street and others and renewable energy companies such as Cypress Creek, Clearway Energy Group, Terra Gen and Siemens.

As a leading law firm in the energy industry, V&E works with a broad spectrum of clients including companies, investors and financiers across the globe and is exceptionally well-positioned to advise on their most important and complex transactions or disputes. This includes clients’ needs in traditional energy spaces as well as the energy evolution.

Vinson & Elkins LLP is an international law firm with approximately 700 lawyers across 12 offices worldwide. For more information, please contact Melissa Anderson at +1.713.758.2030.

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SOURCE Vinson & Elkins LLP

The Cellars Are Closed, But The Libraries Are Open

HEALDSBURG, Calif., Feb. 3, 2021 /PRNewswire/ — Wine Road, a destination marketing association of wineries and lodgings in Northern Sonoma County, invites visitors to Wine Country to experience a weekend tasting discovering library wines at participating wineries, March 6 and 7. Along with hard-to-find wines, visitors can enjoy all Sonoma County has to offer: gorgeous scenery, amazing weather and world class food and wine.

Traditionally the first weekend of March is Wine Road’s annual Barrel Tasting weekend. This year because Sonoma County COVID-19 regulations will not allow visitors to gather in the cellars for barrel samples, Wine Road wineries are offering visitors a unique opportunity to meet winemakers and winery owners and taste their favorite wines, pulled from their library. Library wines are portions of vintages held back by wineries to re-released years after their debut.

«The safety of our guests is our number one priority. Realistically, due to statewide COVID19 restrictions, we will not be able to have large groups of people indoors by the first weekend of March to hold our annual Barrel Tasting event,» says Beth Costa, Executive Director of Wine Road. «However, we still wanted to commemorate the weekend that has been a 44-year tradition in Sonoma County by having our member wineries unite to offer visitors something special – in this case – rare library wines.»

This is NOT an event, as there are no tickets, wristbands, or logo glasses, but each winery will require a reservation in advance, and they will each charge their regular tasing fee. All safety protocols required of wineries will be in place at each winery: outdoor seating, social distancing, and masks required until seated. The only difference will be that wineries will serve a library wine with a flight of current wines.

Click on the program link at the Wine Road website to see a list of participating wineries, which currently include favorites such as Moshin Vineyards, Dutton Estate, GC Lurton Vineyards, Baldassari Wines, West Wines and Balletto Vineyards. (Winery list will be complete by February 22^nd). Wine Road hopes to be able to host a scaled down, modified version of their annual Barrel Tasting event in May of 2021 if conditions allow.

To plan your next trip, please visit: www.wineroad.com. For additional information, or to request a free map, call 707-433-4335 or via e-mail at info@wineroad.com, or visit the Wine Road on Twitter, Facebook, Pinterest and Instagram.

Contact:
Beth Costa
707-433-4335
290658@email4pr.com

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SOURCE Wine Road Northern Sonoma County