Category: Environment

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Devashish Saxena joins Imperial Dade as Chief Digital Officer to support company’s continued growth

JERSEY CITY, N.J. — (BUSINESS WIRE) — Imperial Dade, a leading distributor of food service packaging and janitorial supplies, announced that Devashish Saxena has joined the company as its first Chief Digital Officer. He will be focused on identifying how the organization can use the latest digital technologies to create a world-class omnichannel customer experience powered by data science.


For over 20 years, Devashish Saxena has built digital organizations and guided them in making data-driven decisions to deliver business impact. With a software engineering background, Devashish focuses on human beings and their role in the digital journey.

 

Most recently Devashish led digital transformation as Vice President, Chief Digital Officer at PPG, a Pittsburgh-based coatings manufacturer. Prior to his time at PPG, Devashish served as Vice President, Global Digital Business and E-commerce at Rexel, a France-based omnichannel distributor of electrical supplies. Prior to Rexel, he led the digital journeys at UK-based Premier Farnell (now part of Avnet) and Texas Instruments in Dallas.

 

“Devashish is an excellent addition to our organization, contributing his expertise and passion to further develop and execute our digital strategy,” said Charlie D’Elia Jr., Chief Commercial Officer of Imperial Dade.

 

“Digital transformation has a critical role to play in our disciplined growth plans, and his experience and leadership will be invaluable in the years ahead.”

 

“I am so happy to join the amazing team at Imperial Dade,” said Devashish.

 

“They are passionate about serving our customers and are doing so in a familial and entrepreneurial manner. I really appreciate the warm welcome from everyone I have met thus far and look forward to leading the company on its digital transformation journey.”

 

About Imperial Dade

Founded in 1935, Imperial Dade serves more than 90,000 customers across North America. Since Chairman Robert Tillis and CEO Jason Tillis acquired the company in 2007, the company has grown both organically and through acquisitions to become a leader in the disposable food service and janitorial supplies industry. For additional information, please visit www.imperialdade.com.

Contacts

Laura Craven

305-805-2716

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Business Culture Environment Lifestyle Programs & Events

Inspired by Somerset Development launches Third-Party Buildout and Tenant Improvement Services arm

Noted Bell Works developer will help partners save time and money while creating modern, flexible office spaces that appeal to a wide variety of modern users

 

HOLMDEL, N.J. — (BUSINESS WIRE) — Inspired by Somerset Development (Inspired), one of the real estate industry’s foremost innovators in large-scale mixed-use redevelopment, today announced the launch of its Third-Party Buildout and Tenant Improvement Services for tenants in the office sector.

 

Led by Executive Vice President David Schreiber, Inspired will leverage both its in-house team and network of experienced architects, engineers and designers who are aligned in their ability to proficiently navigate the complex design and construction processes to create modern, highly flexible workspaces that cater to the evolving needs of today’s office tenants. Its expertise includes the creation of traditional workspaces, medical offices, laboratories and tech firms, with solutions also available to subletting tenants through a direct deal with Inspired.

 

Inspired is based in Holmdel, N.J. and offers its third-party buildout and tenant improvement services to tenants throughout the Tri-State Area.

 

“Today’s office owners and tenants alike are hyper-focused on project timelines and bottom lines as they look to create work environments that can cater to and pivot the fast-evolving nature of the market,” said Schreiber.

 

“These third-party solutions will allow us to work directly with the tenant to streamline every aspect of the design and construction process to create highly desirable, turnkey office spaces. We pride ourselves on treating every dollar like it was our own dollar and strive to complete each project in a timely and affordable manner. In a market where time and money are paramount, Inspired is offering its proven redevelopment expertise to bolster the success of office construction for companies of all sizes.”

 

Inspired’s success to date as a third-party buildout and tenant improvement manager has been driven by its success creating Bell Works, the country’s first ‘metroburb’ — a self-contained metropolis in suburbia — for the past decade by successfully transforming the abandoned 2 million-square-foot Bell Labs facility in Holmdel, N.J., into a thriving ecosystem of technology, traditional office, retail, dining and hospitality.

 

In addition to Bell Works, the firm has spent years designing and developing other residential and commercial projects throughout New Jersey, leveraging a hands-on approach to obtain building permits and navigate the logistical process that often slows down other redevelopment projects.

 

With the launch of these new third-party services, the veteran team will offer its expertise to tenants outside its portfolio who are in need of fit-out construction within existing office spaces. Companies ranging from startups to major corporations will be able to collaborate with Inspired and receive preliminary sketches as well as projected timelines and numbers to ensure that overall budgets are adhered to and a successful outcome obtained.

 

Among Inspired’s recent successes was the buildout of a 26,615-square-foot office space at Bell Works New Jersey for CentralReach, a leading provider of electronic medical record (EMR) software and services for applied behavior analysis (ABA) and related behavioral health practices. The company’s staff of 300-plus workers operates on a fully remote basis but worked closely with Schreiber and the Inspired team to create a unique, collaboration-focused space it has deemed “the office of the future.”

 

“Of all the office buildouts I have done in the past, this was the most seamless by far. The project was tightly managed, came in under budget, timelines were met if not beat and we were able to leverage Inspired’s relationships on the architectural, design and furniture end to achieve great pricing with best-in-class vendors,” said Nicole Trivigno, Senior Manager of Global Workplace and Employee Experience at CentralReach.

 

“I could go on and on about how happy we are with our space at Bell Works. Inspired always had our best interest at heart, and I look forward to partnering with them on additional projects in the future.”

 

Inspired’s long history of representing office owners as well as tenants ensures the efficient navigation of both sides of the buildout process. The company’s portfolio includes 3.8 million square feet of reimagined office space at the two Bell Works locations in Holmdel, NJ, and Hoffman Estates, IL, where it has completed more than 1 million square feet in tenant buildouts to date. Past redevelopment projects include the in-house coworking space ‘coLab’, which maintains space in both Bell Works locations.

 

For more information, please visit https://inspiredsd.com/

 

About Inspired by Somerset Development

Inspired by Somerset Development is a leading real estate developer focusing on large-scale transit-oriented and brownfield redevelopment projects, led by a team of principals with more than 40 years of development experience. The company has positioned itself as one of the nation’s foremost real estate firms specializing in innovative mixed-use and adaptive reuse projects, including the planning and development of Traditional Neighborhood Design communities that evoke a strong sense of place and reflect a distinctive character.

 

With several high-profile, large-scale redevelopment and development projects under construction or in the planning stages, Inspired has earned a quality reputation for its unwavering commitment to excellence through responsible development practices. For more information on Inspired by Somerset Development, contact the company by calling (732) 367-2828 or via the company’s new website at inspiredsd.com.

Contacts

Media:

Antenna Group

bellworks@antennagroup.com
(312) 489-8479

Categories
Culture Environment Local News Science

Mercer Meadows to close Wednesday for prescribed burning

The Pole Farm, Reed Bryan Farm and Hunt House regions of Mercer Meadows will be closed to the public beginning Wednesday, March 8, until further notice, for prescribed burning.

 

The prescribed burn that had been scheduled for Feb. 14 was postponed. The New Jersey Forest Fire Service has determined that the weather conditions on March 8 will be safe and suitable for prescribed burning. Rosedale Park will remain open. For your safety, please observe all closure signage posted at parking lots and on the trails.

 

The fire will be lit, monitored and managed by Forest Fire Service officials who have undergone rigorous training and are experienced in conducting safe and effective prescribed burns. Specific conditions must be met in order to burn, including temperature, relative humidity, and wind speed and direction. All appropriate safety measures and precautions will be taken by those performing the burn, including having a contingency plan. While the burn is in progress and until the Section Warden has deemed the fire out, there will be law enforcement and fire personnel, equipment and vehicles present at Mercer Meadows and surrounding areas.

 

Forest Fire Service officials and Mercer County Park Commission staff will be on site and actively monitoring the burn site until it is determined the park is safe to reopen to the public. Local police and fire departments have been made aware of the activities.

 

In the days following the prescribed burn, it is normal to see smoldering and smoking logs and debris. If you believe fire is a threat, call 1-877-WARNDEP. Once the park is reopened, park users are encouraged to please stay on the trails.

 

For thousands of years, fire has been an active part of the New Jersey landscape.  Fires caused by natural conditions, lightning strikes, or fires intentionally set by Native Americans shaped the ecological communities present in our state today.  With the current lack of intermittent fire, many of the species that evolved with this disturbance have suffered. Properly conducted prescribed burns can replace the natural fire disturbance that was historically a piece of the New Jersey natural lands. Fire encourages native seed germination, reduces invasive plant pressure, and cycles nutrients into the soil; these effects all aid in increasing habitat quality and diversity, while promoting forest regeneration and grassland establishment.

 

While managing invasive species and promoting habitat regeneration and enhancement is an important component of the burn plan for Mercer Meadows, the Park Commission anticipates the burn to have additional benefits such as reducing hazardous fuel loads to prevent unplanned, higher-intensity wildfires. Prescribed burns have also been successful in reducing tick and insect pest populations.

 

In addition to the Park Commission, land managers throughout the State have been using this management tool for its ecological benefits and to reduce the chance of unplanned forest fires.

Categories
Environment Lifestyle Science Technology

FulcrumAir announces successful completion of pilot program to install BFDs using the latest in drone and robotic technology

WELLINGTON, CO. — (BUSINESS WIRE) — FulcrumAir is very pleased to announce that we have very successfully installed more than 1,500 Power Line Sentry Hawk Eye™ BFDs under a pilot program for Atlantic City Electric, which serves about 560,000 customers across southern New Jersey. The work was done by FulcrumAir, working in collaboration with MJ Electric, in South Jersey on five transmission lines in high-risk bird collision areas.


Patrick Arnell, CEO of FulcrumAir said, “We are very proud that Atlantic City Electric put the faith in us to demonstrate our industry leading technology. We have been working extremely hard on this for over five years and are excited to introduce it to the Pepco Holdings family of companies, which includes Atlantic City Electric.”

 

BFDs are installed on overhead wires where there is a risk of avian mortality and power outages due to bird strikes. By adopting the innovative installation technology developed by FulcrumAir, the Pepco Holdings companies can accelerate the implementation of their Avian Protection Programs due to the ease in which FulcrumAir’s equipment can be deployed. Road closures are no longer required to accommodate bucket trucks, helicopters are no longer required, and power outages no longer need to be taken.

 

Atlantic City Electric officials said that the pilot went very well, and they hope to have Fulcrum install more. “Atlantic City Electric is committed to providing safe and reliable service to our customers and communities, and a key part of that is the protection of wildlife and the environment,” said Cristina Frank, principal environmental program manager at Pepco Holdings, which includes Atlantic City Electric. “The successful pilot installation of BFDs took place where we have had known bird collision challenges. We see bird diverters installed by Fulcrum as an effective solution to protecting birds and look to leverage this innovative approach across Pepco Holdings.”

 

Atlantic City Electric is a unit of Exelon (Nasdaq: EXC), a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers. Atlantic City Electric provides clean, safe, reliable, and affordable energy service to approximately 560,000 customers in southern New Jersey.

 

FulcrumAir is a leader in the development Ariel Robotic Solutions for the Power line industry. New products are under development and will be released soon – stay tuned.

Contacts

For more information please do not hesitate to contact either:

Patrick Arnell

President/CEO

parnell@fulcrumair.com
(403) 617-0109

Greg Newara

Executive VP of Sales and Business Development

gnewara@fulcrumair.com
(561) 222-3846

Categories
Environment Lifestyle Local News Science

Mercer Meadows closed Tuesday, Feb. 14 for prescribed burning

The Pole Farm, Reed Bryan Farm and Hunt House regions of Mercer Meadows will be closed to the public until further notice, beginning Tuesday, Feb. 14 for prescribed burning.

The New Jersey Forest Fire Service has determined that the weather conditions will be safe and suitable for prescribed burning. Rosedale Park will remain open. For your safety, please observe all closure signage posted at parking lots and on the trails. 

The fire will be lit, monitored and managed by the Forest Fire Service officials who have undergone rigorous training and are experienced in conducting safe and effective prescribed burns. Specific conditions must be met in order to burn, including temperature, relative humidity, and wind speed and direction. All appropriate safety measures and precautions will be taken by those performing the burn, including having a contingency plan. While the burn is in progress and until the Section Warden has deemed the fire out, there will be law enforcement and fire personnel, equipment and vehicles present at Mercer Meadows and surrounding areas.  

Forest Fire Service officials and Mercer County Park Commission staff will be onsite and actively monitoring the burn site until it is determined the park is safe to reopen to the public. Local police and fire departments have been made aware of the activities.  

In the days following the prescribed burn, it is normal to see smoldering and smoking logs and debris. If you believe fire is a threat, call 1-877-WARNDEP. Once reopened, park users are encouraged to please stay on the trails.

For thousands of years, fire has been an active part of the New Jersey landscape.  Fires caused by natural conditions, lightning strikes, or fires intentionally set by Native Americans shaped the ecological communities present in our state today.  With the current lack of intermittent fire, many of the species that evolved with this disturbance have suffered. Properly conducted prescribed burns can replace the natural fire disturbance that was historically a piece of the New Jersey natural lands.  Fire encourages native seed germination, reduces invasive plant pressure, and cycles nutrients into the soil; these effects all aid in increasing habitat quality and diversity, while promoting forest regeneration and grassland establishment. 

While managing invasive species and promoting habitat regeneration and enhancement is an important component of the burn plan for both Mercer Meadows, the Park Commission anticipates the burn to have additional benefits such as reducing hazardous fuel loads to prevent unplanned, higher intensity wildfires. Prescribed burns have also been successful in reducing tick and insect pest populations.

In addition to the Park Commission, land managers throughout the State have been using this management tool for its ecological benefits and to reduce the chance of unplanned forest fires.

Categories
Business Environment Lifestyle Science

Altus Power introduces Community Solar Partnership Program to CBRE and Blackstone employees across the Northeast

STAMFORD, Conn. — (BUSINESS WIRE) — Altus Power, Inc. (“Altus Power”) (NYSE: AMPS) today announced, in partnership with Blackstone (NYSE: BX) and CBRE (NYSE: CBRE), Altus Power has advanced its Community Solar Partnership Program for large enterprises by offering each company’s employees the opportunity to subscribe to the benefits of clean electricity from solar arrays owned and operated by Altus Power. Employees who subscribe to Altus Power’s Community Solar Partnership Program will receive a discount on the power they use compared with their local utility, generating savings on their monthly utility bills while also supporting the transition to clean energy.

 

The Community Solar Partnership Program has been implemented in New York City and Westchester County, NY, where employees from both CBRE and Blackstone’s programs were selected and are currently benefitting from credits on their electricity bills driven by energy that is generated by Altus Power from its Zerega community solar project. Zerega generates clean electricity locally on the rooftop of a large self-storage facility in the Bronx, New York.

 

Altus Power and CBRE plan to extend the program to employees in Hawaii, Maryland and New Jersey where Altus Power is developing additional solar assets tailored to community solar customers. There is additional potential for expansion of this partnership in Minnesota, Massachusetts and Illinois, where Altus Power also has assets serving community solar customers.

 

“We are excited to offer our Community Solar Partnership Program to Blackstone and CBRE employees as an easy way for them to go green and save money,” said Daniella Gray, Head of Customer Relations at Altus Power.

 

“This program is an attractive employee perk and we expect other employers will be interested in offering it as part of their benefit plans.”

 

“It’s great to have another avenue to partner with Altus Power,” said Alison Caplan, Chief People Officer, CBRE.

 

“Offering the opportunity to subscribe to community solar differentiates CBRE’s benefits program and will help our people – whether they own or rent their homes – benefit from clean energy without costly equipment installation.”

 

“Blackstone is proud to offer employees across New York City and Westchester regions the unique opportunity to benefit from the clean electricity generated by Altus Power Community Solar with a discount to their utility bills,” said Paige Ross, Global Head of Human Resources at Blackstone.

 

Altus Power is in discussions with other parties to create additional employee benefit programs. Employers interested in creating a Community Solar Partnership Program can reach out to Altus Power’s Customer Team at EmployeeBenefit@AltusPower.com. Individuals interested in signing up directly for Altus Power Community Solar can contact Hello@altuspower.com. For more detailed information on Altus Power Community Solar and how it works, please visit our Community Solar website or download the Altus Power Community Solar App available in the Apple Store and the Google Play Store.

 

About Altus Power, Inc.

Altus Power, based in Stamford, CT, is the premier commercial-scale clean electrification company serving commercial, industrial, public sector and community solar customers with an end-to-end solution. Altus Power originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation. Visit www.altuspower.com to learn more.

Contacts

Altus Power:

For Employers Interested in Community Solar Partnership Programs:

EmployeeBenefit@altuspower.com

For Individuals Interested in Community Solar:

Hello@altuspower.com

For Media Inquiries:

Chris Shelton

Head of Investor Relations

InvestorRelations@altuspower.com

Categories
Environment Local News

Mercer County assists D&R Greenway land preservation effort

TRENTON, N.J. — Mercer County recently assisted the D&R Greenway Land Trust in preserving about 44 acres in Hopewell Township to protect high-quality wildlife habitat, including mature forest, wetlands and a stream corridor, County Executive Brian M. Hughes said.

 

A resolution authorizing an Open Space Assistance Project Agreement with D&R Greenway that helped the organization acquire a conservation easement on 43.92 acres of the Forrester property on Marshalls Corner-Woodsville Road was among the proposals submitted by Mr. Hughes that received Board of County Commissioners approval on Jan. 26.

 

D&R Greenway Land Trust requested aid from the Mercer County Municipal and Non-Profit Assistance Program for 40 percent of the appraised value, not to exceed $268,815, to acquire the easement. A public trail will be developed on the property that will be part of a trail network connecting to other preserved land in the area, Mr. Hughes said. Stewardship and monitoring of the property will be overseen by D&R Greenway.

 

“Preserving open space for future generations and providing our residents with trails for hiking and biking have always been among our top priorities,” Mr. Hughes said. “We’re pleased to be able to partner with D&R Greenway on this important project that adds to the inventory of preserved land in the County.”

 

More than 27 percent of the County’s land area is now preserved, which is roughly equivalent to the size of East Windsor, Ewing and Lawrence townships

Categories
Business Environment Lifestyle

Offshore Wind Innovation Hub announces opening in Brooklyn

Brooklyn-based Hub seeking start-up applicants to unleash the potential of offshore wind in New York.

 

NEW YORK — (BUSINESS WIRE) — The Offshore Wind Innovation Hub (OWIH) is open for business and announced its first call for applications. The Brooklyn-based Hub was founded in mid-2022 to identify and help develop promising start-ups to drive new innovations in the offshore wind industry. The three-year initiative is backed by Equinor and bp, partners developing the Empire Wind and Beacon Wind offshore wind projects, together with Urban Future Lab (UFL), the NYU Tandon School of Engineering, and the National Offshore Wind Research & Development Consortium (NOWRDC) and is supported by the New York City Economic Development Corporation (NYCEDC).

 

Designed to facilitate testing opportunities, fast-track commercialization, and developing strategic partnerships, startups will have access to the co-working space and programming at the Offshore Wind Innovation Hub located in Industry City. An Accelerator Program will allow selected cohort companies to begin a six-month intensive mentoring and business development program in June 2023.

 

“We’re thrilled to launch the Accelerator Program at our Offshore Wind Innovation Hub with our esteemed partners to accelerate innovation in New York’s burgeoning offshore wind industry,” said Molly Morris, President of Equinor Wind US. “The demand for offshore wind is rapidly increasing, and innovative ideas and technological advancement are needed to help the industry develop in the U.S. and beyond.”

 

The first call for applications is focused on finding start-ups that provide innovative technology and solutions related to the development phase of offshore wind in New York. The application can be found here and the deadline for submission is March 27, 2023.

 

The Offshore Wind Innovation Hub will also offer membership to stakeholders outside the Accelerator Program. Interested parties can apply for access to the co-working facilities in Industry City, community programming, as well as workshops and networking opportunities with industry peers. Applications to become a Community Member are open year-round.

 

“We’re looking for New York’s best,” said Dave Lawler, chairman and president of bp America. “We know innovation is in New Yorkers’ DNA. It’s at the core of bp, too, as we transform ourselves to reach net-zero by 2050 or sooner and help the world get there too. At this incredible moment for growing offshore wind in our country, we want to empower New York’s startups to lead the nation.”

 

Lyndie Hice-Dunton, Executive Director of NOWRDC said, “We are delighted to be a part of this exciting partnership. The Accelerator Program is a unique opportunity to help support innovative solutions for offshore wind in the U.S., as well as help build strategic partnerships within this growing industry. We are looking forward to working with this outstanding group of leaders to achieve our mutual goal of accelerating offshore wind innovation.”

 

“Equinor’s Innovation Hub will call on New York’s world-class entrepreneurial talent to develop cutting-edge technologies, and accelerate advances in the offshore wind industry,” said NYCEDC Chief Operating Officer Melissa Román Burch. “We are thrilled the Hub will partner with Venture Access NYC – an NYCEDC initiative to create a more inclusive and representative tech startup ecosystem. Together with our industry and community partners, we are building a nation-leading offshore wind ecosystem and a more inclusive future for New Yorkers.”

 

Doreen M. Harris, President and CEO, New York State Energy Research and Development Authority (NYSERDA) said, “As we solidify New York’s leadership in offshore wind, we must bolster innovation in an end-to-end ecosystem–from concept to commercialization–that supports this game-changing industry. The launch of Equinor’s Offshore Wind Innovation Hub will build a strong network that allows new cleantech businesses, investors, and entrepreneurs to accelerate the time to market for their technologies, overcome industry barriers and bring forward economic opportunity for all New Yorkers.”

 

Pat Sapinsley, Managing Director of Cleantech Initiatives at the Urban Future Lab, said, “Our program will help to build an offshore wind industry in New York state. Equinor and bp will need to rely on smaller players to provide innovative solutions to local issues such as permitting, data collection, modeling, and more. These companies will be in the unique position of working with Equinor to devise and deploy the best solutions for this nascent US industry.”

 

Equinor is the operator on behalf of its 50-50 strategic partnership with bp. Together, the companies are developing the Beacon Wind and Empire Wind projects, which will supply 3.3 gigawatts (GWs) of renewable energy to New York — enough to power nearly two million homes.

 

To learn more, visit the OWIH website at www.offshorewindnyc.com.

 

About the Offshore Wind Innovation Hub (OWIH)

Catalyzing startups to unleash the potential of offshore wind in New York.

 

We leverage our New York City hub to grow the US offshore wind industry by harnessing the entrepreneurial powers of both global industry-leading startups and the local community. Our innovative programming and strong networks connecting innovators, local partners, investors, and industry will foster demonstration opportunities, safety awareness, knowledge transfer, innovation, and job creation. Through collaborative partnerships, we accelerate the local development of new technologies for the national offshore wind industry, to facilitate cost-efficiency gains. Our commitment to diversity and equity will advance inclusive supply chain and business development and accelerate the green economy in New York.

 

About Equinor

Equinor is one of the largest offshore wind developers in the United States.

Equinor is actively developing three projects: Empire Wind 1, Empire Wind 2, and Beacon Wind 1. Once completed, these projects will produce enough electricity to power about 2 million New York homes and will help generate more than $1 billion in economic output to New York State. Equinor is also a provisional winner of a lease area on the Outer Continental Shelf off California.

 

The United States is an attractive growth market for Equinor, with an ambition to install 12-16 GW of renewables capacity globally by 2030.

 

About bp

bp’s ambition is to become a net-zero company by 2050 or sooner, and to help the world get to net-zero. bp is America’s largest energy investor since 2005, investing more than $130 billion in the economy and supporting about 230,000 jobs. For more information on bp in the US, visit www.bp.com/us.

 

About the National Offshore Wind Research and Development Consortium (NOWRDC)

The National Offshore Wind Research and Development Consortium, established in 2018, is a not-for-profit public-private partnership focused on advancing offshore wind technology in the United States through high-impact research projects and cost-effective and responsible development to maximize economic benefits. Funding for the Consortium comes from the U.S. Department of Energy and the New York State Energy Research and Development Authority (NYSERDA), with each providing $20.5 million, as well as contributions from the Commonwealths of Virginia and Massachusetts and the States of Maryland and Maine, and New Jersey, bringing total investment to approximately $47 million. For more information, please visit nationaloffshorewind.org.

 

About New York City Economic Development Corporation (NYCEDC)

New York City Economic Development Corporation is a mission-driven, nonprofit organization that creates shared prosperity across New York City by strengthening neighborhoods and creating good jobs. We work with and for communities to bring emerging industries to New York City; develop spaces and facilities for businesses; empower New Yorkers through training and skill-building; and invest in sustainable and innovative projects that make the city a great place to live and work. To learn more about what we do, visit us on Facebook, Twitter, LinkedIn, and Instagram.

 

About the Urban Future Lab at the NYU Tandon School of Engineering

The Urban Future Lab (UFL) at NYU Tandon School of Engineering is New York City’s premier innovation hub for smart cities, the smart grid, and clean energy. As an integral part of Tandon’s Sustainable Engineering Initiative and NYU Tandon Future Labs network, the UFL is home to programs focused on policy, education, and market solutions for the green economy. Due to generous funding from our sponsors, UFL provides unmatched access to industry stakeholders, strategic advice, marketing and branding support, investor networks, and a community of like-minded founders. Our portfolio includes industry-leading startups in the areas of renewable energy, smart buildings, transportation, and resource-efficiency. The Urban Future Lab is leading the way to a more sustainable world by connecting people, capital, and purpose to advance market-ready solutions to address climate change. For more information about UFL, visit ufl.nyc and follow us on Twitter and LinkedIn. For more information about NYU Tandon, visit engineering.nyu.edu.

Contacts

Lauren Shane, Senior Communications Manager, Equinor Renewables US

Laush@equinor.com
+1 (917) 392 4252

Sayar Lonial, Associate Dean for Communications & Public Affairs, NYU Tandon School of Engineering

sayar.lonial@nyu.edu
+1 (646) 997-3721

Kori Groenveld, Program Manager, National Offshore Wind Research & Development Consortium

Kori.groenveld@nationaloffshorewind.org
+1 (805) 657 7197

Categories
Business Culture Environment Lifestyle Local News

Essential Properties Realty Trust, Inc. to report Fourth Quarter 2022 results on Feb. 15, 2023

PRINCETON, N.J. — (BUSINESS WIRE) — Essential Properties Realty Trust, Inc. (NYSE: EPRT; “Essential Properties” or the “Company)” announced today that the Company will release its operating results for the fourth quarter ended Dec. 31, 2022, after the market close on Wednesday, Feb. 15, 2023. The Company will host its fourth quarter 2022 earnings conference call and audio webcast on Thursday, Feb. 16, 2023, at 10:00 a.m. Eastern Time to discuss its operating results.

 

A webcast of the conference call will be available on the Investor Relations section of the Company’s website at www.essentialproperties.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.

 

Direct Link to Webcast:

https://viavid.webcasts.com/starthere.jsp?ei=1595275&tp_key=6c4500d3f6

 

To Participate in the Telephone Conference Call:

Dial in at least five minutes prior to start time

Domestic: 877-407-9208

International: 201-493-6784

Conference Call Playback:

Domestic: 844-512-2921

International: 412-317-6671

Replay Pin: 13735903

 

About Essential Properties Realty Trust, Inc.

Essential Properties Realty Trust, Inc. is an internally managed REIT that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. As of Sept. 30, 2022, the Company’s portfolio consisted of 1,572 freestanding net lease properties with a weighted average lease term of 14.0 years and a weighted average rent coverage ratio of 4.2x. In addition, as of Sept. 30, 2022, the Company’s portfolio was 99.8% leased to 329 tenants operating 486 different concepts in 16 industries across 48 states.

Contacts

Investor/Media:

Essential Properties Realty Trust, Inc.

Daniel Donlan

Senior Vice President, Capital Markets

609-436-0619

investors@essentialproperties.com

Categories
Environment Lifestyle Technology

Luminia processes over $2.5 billion in solar financing requests in 2022 to fuel 600+ MW project pipeline

Company increases active development with nearly 100 partners, including community solar projects across five major U.S. markets

 

SAN DIEGO — (BUSINESS WIRE) — Luminia accelerated commercial solar and storage adoption in a breakout year for the company by processing over $2.5 billion in financing requests across the U.S. for solar-plus-storage projects averaging over 1 MW, resulting in Development Agreements for almost 200 MWs of commercial solar projects, with an active development pipeline of an additional 600 MWs. This includes engaging with dozens of real estate portfolio owners, such as Gables Residential, representing nearly 900 million square feet of commercial, industrial, multifamily and hospitality properties.


In addition to expansions for its advanced technology platform for on-the-spot pricing proposals, instant property prequalification and portfolio analysis, Luminia also expanded its reach in community solar with key partners like New Hampshire Solar Garden.

 

“Our extensive background in renewable energy, commercial real estate and capital markets has given us a key advantage in delivering solutions that are uniquely suited to complex commercial markets,” said David Field, CEO and co-founder of Luminia. “By eliminating the financing barriers that once hindered commercial solar progress, we are experiencing explosive demand from our top rated solar partners, especially in the burgeoning community solar space.”

 

According to the Solar Energy Industry Association (SEIA), 41 states have deployed at least one community solar project, with an anticipated 5 GW of capacity to be added in the next five years. Luminia, which closed on 15 MW of community solar in Maine earlier this year, provides unique access to intermediate and long-term financing, driving down the cost of development for community solar and rooftop portfolio projects. With over 600 MW in the pipeline, the company is also developing community solar projects in five key markets, including Massachusetts, New York, Maine, New Hampshire and New Jersey. Projects vary in size and scope to meet individual state and municipal requirements with the pipeline of projects having an average system size of 9.5 MW.

 

In 2022, Luminia’s first-of-its-kind financing solutions catered to commercial property owners across 36 states with diverse needs. Luminia solutions scale from multifamily and industrial REIT portfolios to private education institutions to agricultural farms. Luminia allows property owners to gain access to a range of sustainability and asset value improvements, such as electric vehicle charging infrastructure, or water conservation improvements, without any out-of-pocket money down, or corporate or personal guarantees, like for this Sacramento farm.

 

Luminia continues to expand its suite of financial offerings catered specifically to large commercial portfolio owners. “Our team brings decades of experience as owners and lessors of tenant-occupied commercial real estate. Our REIT-friendly financing structures allow landlords to efficiently share the benefits of solar with their tenants, enabling both landlords and tenants to profitably accelerate solar adoption and meet their ESG objectives,” said Jim Kelly, co-founder of Luminia. “In addition, our strategic focus on community solar provides yet another option for our portfolio clients to monetize their rooftops.”

 

Luminia’s solution was also recently launched on Energy Toolbase’s ETB Developer platform, which now allows renewable energy developers to quickly access Power Purchase Agreement (PPA) quotes and additional financing options that match their customers’ needs directly within the ETB platform.

 

To learn how solar developers are utilizing Luminia financing to procure more business and how commercial property owners are achieving environmental, social, and governance (ESG) goals while increasing net operating income, visit luminia.io.

 

About Luminia

Founded in 2019, California-based Luminia provides unique financing and technology platform solutions that enable the deployment of commercial property sustainability improvements and community solar projects at scale. Through novel financing options and artificial intelligence-driven commercial real estate portfolio analysis, Luminia empowers commercial and industrial property owners to implement holistic clean energy and energy efficiency upgrades without barriers. Luminia partners with property owners, solar developers and portfolio managers to provide purpose-built solutions that offer the greatest potential economic benefit and advance a property’s ability to meet ESG requirements. For more information, visit luminia.io.

Contacts

Christine Bennett for Luminia

christine@cleantechcommunication.com | +1 925.330.4783