Bamboo Systems Models How to Reduce Data Center Carbon Footprint with Arm Servers

Bamboo’s new whitepaper crunches the numbers on x86 powered data centers vs those utilizing Arm servers

CAMBRIDGE, ENGLAND AND SAN JOSE, CA – July 13, 2021Bamboo Systems, a provider of revolutionary Arm-based, enterprise-classed servers architected to meet the needs of today’s software design and data center demands, today released a whitepaper “Reducing Your Data Center Carbon Footprint with Bamboo Arm Servers” which analyzes the energy used by different types of data centers. Bamboo found that an Arm server-powered data center reduces CO2 production by 74 percent, equivalent to almost half a million barrels of oil.

Bamboo’s whitepaper model calculated the energy used by a medium-sized data center with 750 racks of conventional 1U servers, assuming the servers comprise about two-thirds of the floor space and that the equipment space accounts for 65 percent of the total. This translates to a roughly 62,000 square-foot data center. Knowing server power consumption and the ratios for the various equipment categories, the model uses simple algebra to calculate the energy consumption for each subsystem.

Using the formula, Bamboo calculated the amount saved by using energy-efficient Arm servers, like the B1000N, and compared it to a standard 1U x86 system. Each Arm server required about one-quarter the electricity of a standard server. The algebra shows an Arm data center uses only 26 percent as much electricity (152,409 MWh/year) compared to one based on x86 systems.

An Arm server-powered data center saves energy to the equivalent of:

  • 45,459 fewer cars on the road
  • 486,749 fewer barrels of oil used
  • 367,076 fewer passengers from JFK to LHR
  • 4357 fewer homes with emissions

“The proof is in the numbers. Arm server-powered data centers are more energy efficient and better for the environment. We’ve known that all along,” said Tony Craythorne, CEO, Bamboo Systems. “Now, we have the proof in a tangible and logical formula. In addition to the CO2 reduction gains, Arm-server powered data center emissions cuts are valuable in the market for carbon offset trading, generating more than $4 million annually depending upon the carbon trading requirement. It’s time for the world to embrace Arm server solutions.”

Bamboo Systems’ patented Parallel ARM Node Designed Architecture (PANDA) delivers more throughput performance in significantly less rack space than traditional servers. PANDA design delivers up to 75% less energy consumption and 74% less CO2 output at 50% of the cost compared with today’s typical data center architecture. Additionally, Bamboo PANDA-based Arm servers have been shown through many customer POCs to run both off-the-shelf and custom applications with no or minimal effort.

The whitepaper can be found on Bamboo Systems website at: www.bamboosystems.io

# # #

About Bamboo Systems:
Delivering the first Arm-based server designed for next generation data centers with the scale-out and high throughput computing required by cloud-targeted applications and modern highly parallel workloads. Bamboo’s servers consume one-quarter of the energy of today’s servers, one-tenth the rack space, at a fraction of the cost. Find out more at https://www.bamboosystems.io

For more information: Joanne Hogue Smart Connections PR (410) 658-8246 joanne@smartconnectionspr.com

Source: RealWire

EIA expects growth in electricity sales and generation from renewables through 2022

EIA forecasts U.S. retail sales of electricity will increase by 2.8% in 2021, led by a 5.1% increase in sales to the industrial sector. In the most recent release of our Short-Term Energy Outlook (STEO), we forecast electricity sales will also grow in the commercial sector, though at a slower rate of 2.1%, as many workers continue working from home.

EIA expects Brent crude oil prices to stabilize then decline as global oil production increases

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
June 8, 2021

EIA forecasts in the June release of its Short-Term Energy Outlook (STEO) that global Brent crude oil prices will stabilize in mid-2021 and average about $68 per barrel (b) in the third quarter before decreasing to an average of $60/b in 2022. Brent crude oil prices averaged $68/b in May, a 25% increase from January’s average.

“In the coming months, we expect global oil production to catch up with the increases we’ve seen in demand in 2021,” said EIA Acting Administrator Stephen Nalley. “U.S. and global oil producers are increasing their production, which should help moderate oil prices that have increased significantly as global economic concerns about the COVID-19 pandemic have begun to ease.”

We expect global petroleum and liquid fuels consumption to grow by 6% in 2021, totaling 97.7 million barrels per day (b/d), and increase a further 4% in 2022, reaching 101.3 million b/d. In response to this increase in global demand, we forecast U.S. crude oil production will average 11.8 million b/d in 2022, up 4% from 2020. We expect OPEC production to reach 28.7 million b/d in 2022, an increase of 12% over 2020.

Also in the STEO:

  • We expect U.S. regular retail gasoline prices to average $2.92 per gallon for the summer driving season, which runs April through September. We expect monthly average gasoline prices this summer to peak in June at $3.03 per gallon.
  • We forecast an increase of 9 gigawatts of U.S. small-scale solar electricity capacity in 2021 and 2022.
  • We revised our forecast of U.S. coal production in 2021 to 600 million short tons, a 3% increase from our May forecast, because we raised our forecast of coal exports and inventory levels.

The entire Short-Term Energy Outlook is available on the EIA website.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Program Contact: Tim Hess, STEO@eia.gov

EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

Newable Finance brokerage launches Renewable Energy Finance solution ahead of UK governments plan for Net Zero

Newable Finance have announced the launch of a brand-new Renewable Energy Finance team which will be headed up by Chris Russell, Head of Renewable Energy. Chris brings a decade of specialist experience in the sector.

The sector will be a major growth area as businesses look to invest in more energy-efficient methods from both a financial and environmental prospective. Newable Finance have direct access to multiple Renewable Energy focused lenders to source the best tailored and structured finance packages for clients.

Leanne Dawson, Head of Regional Broking comments: “With the demand of lending required within the Renewable Energy sector, the growth anticipated, as well as the complex nature of it, it was imperative that we brought individuals within the business that can provide the expert advice required. This supports our overall business ethos of putting the client at the heart of what we do and making sure that we have the expertise to provide the advice.”

Leading UK broker, Newable Finance, launched at the end of 2020 with the aim of helping SMEs and property backed individuals find the funding they need to grow. With many mainstream banks unable to assist businesses with the funding levels required, Newable Finance specialise in complex and difficult cases providing the customer with direct access to 150+ lenders across the UK, with bespoke solutions offered.

Newable Finance forms a key part of Newable, a leading UK provider of money, advice and workspace to 43,000 SMEs per year; established in 1982.

As the UK government’s legal obligation for Net Zero carbon emissions gets closer, Newable and Newable Finance have the perfect combination of solutions and experience to help businesses take the next step.

Alongside Newable Finance’s renewable energy finance solution, Newable provide advice to businesses on what the UK governments’ Net Zero plan means for them, and how they can incorporate a decarbonisation strategy into their business model to ensure that they remain competitive in the global market place.

For those who are interested in finance for renewable energy projects, visit the Newable Finance website and request a call back.

– ENDS –

To get in touch with a Newable Advisor who can help you plan for Net Zero, please contact: BusinessSupport@newable.co.uk

For more information on Renewable Energy Finance contact Chris Russell on chris.russell@newable.co.uk or phone on 07935 014322.

To find out more about Newable Finance, visit www.newable.co.uk/money/finance

Newable Finance helps businesses access the finance they need to:

  • Thrive
  • Expand
  • Innovate
  • Grow
  • Diversify

Newable Finance are a UK finance broker dedicated to finding the right finance solutions for SMEs and property backed businesses across the UK and in every sector.

Being able to access the right funding when it is needed is a critical part of the growth journey of your business. Newable Finance provide clients with the independent perspective, whole of market reach and the depth of experience to secure the fast and flexible finance required to deliver your growth ambitions.

Newable Commercial Finance Limited trading as Newable Finance is registered in England and Wales. Registration number: 07474588. Newable Commercial Finance is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register www.fca.org.uk/register FRN 723703 | Data Protection number: Z6663758. Newable Commercial Finance is a finance broker, not a lender. Not all products offered by Newable Commercial Finance are regulated by the Financial Conduct Authority

Source: RealWire

Greentech firm Qualus secures additional £1 Million financing

With patented polymer Sfere technology, Qualus is helping tanneries around the world reduce water consumption by up to 40% and chemicals by up to 15%

LONDONQualus, the leading provider of sustainable solutions to the leather industry, has secured £1 million of financing in a round led by Irrus Investments, an Ireland based angel syndicate. Co-investors in the round include CPI Enterprises and angels from Cambridge Capital Group and Harvard Business School Alumni Angels of London.

After years of optimising its solution through in-field trials at tanneries, Qualus now has multiple customers transitioning all production to its innovative system and a strong pipeline of potential customers in Asia, Europe, and Latin America that have successfully applied its system at a pilot scale. Leather produced with Qualus’ system is already in use by leading automotive, luxury goods, and footwear brands.

Proceeds from the latest round of investment will be used to:

  • Establish reference customers in Asia, Brazil, and Europe
  • Build an engineering centre in England to accelerate the development of its product portfolio
  • Raise awareness of its system with automotive, footwear and luxury brands, all of which face increasing pressure from consumers to lower their environmental footprint.

“This investment brings the total financing secured in the last two years to £2.5m, enabling the company to execute its current contracts and to establish additional reference customers in key regions across the world,” said Vikrant Pratap, CEO of Qualus. “We are delighted that Irrus, CPI and the angel investors that have participated in this round can help accelerate the development of the business not only through the injection of funds but also through their extensive experience in building disruptive technology businesses.”

Emily Ryan of Irrus Investments added, “With its patented system, experienced management team, and demonstrated track record with customers, Qualus is a perfect fit with Irrus’ investment criteria. We are excited to be supporting a business that both has strong commercial potential and can achieve a positive environmental impact.”

Qualus’ fundraise was supported by Greenbackers Investment Capital, a specialist advisory firm that assists early stage cleantech ventures secure finance.

About Qualus and its Sfere technology
Qualus began life as a research and development project to improve the tanning process at the Institute for Creative Leather Technologies (ICLT) at the University of Northampton between 2013 and 2016. Since then, successful pilots of Qualus’ Sfere technology have been run across Europe and Latin America, and patents have been granted in key markets, including Europe, US, India and China. The company achieved Technology Readiness Level 9 in 2020 and is now focused on rapid commercialisation.

The global leather industry, with an annual turnover of £50 billion, uses vast quantities of water, chemicals and energy while also creating large volumes of effluent for treatment. Tanneries face market and regulatory pressure to reduce pollution but doing so has proven difficult to date without losing competitiveness due to increased costs or because of the unacceptable reduction in the quality of their leather. The patented Sfere technology from Qualus is able to cut the use of water by up to 40% and chemicals by up to 15% in leather tanning and retanning, without affecting the quality of the leather produced. The key to Qualus’ commercial success has been a recognition that sustainability should not require manufacturers, brands, or consumers to compromise on value or quality.

For more information, please visit Qualus.com

Contacts
Ana Ansell
PR for Qualus
+44 (0)7770507723
ana.ansell@qualus.com

Source: RealWire

New survey shows 'Big Six' losing ground as challenger brands shake up the energy sector

  • Big Six have lost 8 percent of market to challenger brands in three years
  • Good customer service still the key to consumer trust
  • Price remains the most important factor when choosing to switch provider
  • Green credentials increasingly important for consumers wanting to switch
  • 70 percent of 18-34 year olds want energy conservation advice
  • Email still customers’ preferred channel of communication

London, 19 May 2021 – A new survey has revealed that the ‘Big Six’ energy providers have lost ground to challenger brands over the past three years, revealing that the market share of the Big Six has reduced by 8 percent (dropping to 60 percent in 2021 from 68 percent in 2018) as new entrants muscle in on the marketplace.

The REaD Group survey, which revisits consumer opinions of their energy providers from 2018, interviewed 2,003 UK consumers aged 18 to 55+ and was conducted by Opinium.

British Gas, E.ON and EDF remain the top three energy providers, but with a reduced share of market since 2018, while SSE and Scottish Power remained stable (9 percent) in fifth position. However those in the “Other” category (any provider that was not one of the 15 providers stated) dropped by 6 percent, while challenger brands Bulb (with 8 percent, up from 1 percent in 2018) and new entrant Octopus (with 7 percent) are hot on the heels of the incumbents and coming in ahead of Ovo Energy. Other new entrants to the marketplace include Arvo, Pure Planet and Orbit.

Once again, previous good service (53 percent) and high quality customer service (52 percent) were runaway leaders when it comes to what makes consumers trust an energy provider, up on 49 percent and 48 percent in 2018.

As to whether those customers trust that their current provider is giving them the best deal, the results are encouraging for energy providers: in 2018, two-fifths (41 percent) said yes, increasing to almost half (49 percent) in 2021. Those who didn’t know has dropped slightly from 26% to 24%, making a quarter of respondents clearly not concerned enough to interrogate their bills in detail or motivated enough to shop around – the so-called ‘Inert Customers’.

Price still remains the biggest driver for consumers looking to switch. More than half of respondents (53 percent) said finding a cheaper offering would make them want to change to a new provider – down from 58 percent in 2018 – followed by choosing tariffs that better suit their needs/usage at 34 percent, unchanged from 2018. Interestingly, green credentials (19 percent) and a more trustworthy provider (17 percent) were the third and fourth most important factors for wanting to change, up from fifth and sixth places in 2018.

On top of that, over half of energy bill payers asked (55 percent) said they would definitely or probably like to hear more from their energy provider, specifically about energy usage and tips on how to conserve energy – with this rising to 70 percent in the 18-34 age group, which aligns with the rising importance given to green credentials by this same demographic. 64 percent want to hear about ways to reduce their bills, while 57 percent want to find out ways to reduce their energy usage.

Smart home technology is making inroads too: of those surveyed, 41 percent said that they currently have smart home technology, compared to only 30 percent in 2018.

For utilities providers seeking the best way to communicate with their customers, email is again the clear winner in 2021 – increasing to 72 percent from 60 percent in 2018 as the most preferred communication channel. Accessing information via a website/web portal (23 percent) has overtaken mail as the second most popular (26 percent).

“Our results indicate that customer service is the most important factor for consumers when it comes to loyalty in 2021 – as it was in 2018,” commented Phil Ward, Utilities Sector Lead, REaD Group. “Loyalty is a rare commodity in the utilities sector, so this is a key point for customer retention. With word of mouth being a powerful influence on consumer choice, you can be sure that bad experience will be talked about and the details shared using the many channels available to consumers.

“When faced with so much choice and switching provider now easier than ever, energy businesses need to differentiate and develop trusted relationships with consumers to attract and retain them as customers. And in an increasingly competitive market, attracting and retaining customers comes down to a mix of price, customer service, transparency and trust.”

Download the full report here: https://readgroup.co.uk/wp-content/uploads/2021/05/REaD-Group-Report-Power-to-the-People-Trust-Loyalty-in-the-energy-sector-May-2021.pdf.

– Ends –

Notes to Editors
The research was conducted amongst 2,003 nationally representative UK adults (aged 18+) in April 2021 by Opinium. The results have been weighted to nationally representative criteria.

For an interview with REaD Group, please contact:
Kate Gordon
Bright Spark PR for REaD Group
hello[at]brightsparkpr[dot]co[dot]uk
T 07980 921961

About REaD Group
REaD Group is a marketing data and insight company that gives brands the right to be personal. Data – particularly quality data and data quality – is at the heart of everything it does: REaD believes that there isn’t a marketing challenge that data cannot solve.

To genuinely engage customers, brands must create communications that are timely, relevant and permissioned. REaD uses its unrivalled data products, insight and expertise to helps its clients get closer to their customers, offering market-leading data quality and cleaning solutions and trusted marketing data.

For more information visit readgroup.co.uk.

About Opinium
OPINIUM is an award winning strategic insight agency built on the belief that in a world of uncertainty and complexity, success depends on the ability to stay on pulse of what people think, feel and do.

Creative and inquisitive, we are passionate about empowering our clients to make the decisions that matter. We work with organisations to define and overcome strategic challenges helping them to get to grips with the world in which their brands operate. We use the right approach and methodology to deliver robust insights, strategic counsel and targeted recommendations that generate change and positive outcomes.

For more information visit www.opinium.com.

Source: RealWire

Housing Technology Launches Transformative ‘Housing On Demand’ Streaming Platform – Launch Comment by Midge Ure (Musician), Lord John Bird (Big Issue)

A new ‘on-demand’ streaming app is being launched by Housing Technology, the UK’s leading technology information service and broadcaster for the UK housing sector. The Housing Technology On-Demand app will deliver the expertise of technology leaders from the world of housing to those working in the sector around the clock. Topics range from the future of 3D printed homes to the use of the Internet of Things (IoT) systems for managing areas as diverse as heating, home security and fire safety.

The new platform aims to emulate the success of the sector’s leading Housing Technology Executive Conference event, which for 12 years has brought housing professionals and IT vendors together to share insights and solutions that improve tenant services. CEO George Grant, co-founder of Housing Technology, sees the new On Demand service as a pivotal development, borne out of both the recent pandemic and the online approach taken for the latest executive conference.

“At our most recent two-day online event, there were over 450 housing decision makers watching over 30 presentations amounting to 20 hours of high-quality content,” he said.

“This response to the restrictions of the pandemic feeds quality content into the new On Demand service and the result is a revolutionary media platform capable of really driving progress for the most important people – the tenants and customers of housing providers. If we have made progress there, then it’s all been worthwhile.”

The Housing Technology On Demand streaming platform builds upon this ground-breaking 12th conference incorporating live reports with insights from experts. It combines live presentations, demonstrations and interviews with a professional studio team and keynote speeches.

Musician MIDGE URE, who opened this year’s conference, believes that the new On Demand streaming service will galvanise innovation in the media space for social housing noting, “It is good to see how a genuinely new development like streaming can benefit the social housing sector. If you cast your mind back to LiveAid in 1985 much of what we did then, by broadcasting across two continents, was new. And just look how far technology has come since that time in music.”

Another leading commentator also see the transition as a transformative evolution. Lord JOHN BIRD, the Big Issue founder, noted, “I’ve worked with these guys for some years and have seem them pull together a tremendous industry response, with collaboration between housing associations on one hand and the software vendors on the other. By adding this highly innovative On Demand streaming channel, that sense of innovation by collaboration is so much stronger and immediate. It means key developments will be communicated earlier and the interests of big tech and government can be held to account in an accessible online digital format.”

Launch co-presenter, national television news correspondent Emma Birchley, was impressed by George Grant’s genuine drive to innovate when it comes to the housing sector as a way of improving the lives of tenants in social housing.

“George has a vision to deliver something new for the sector with a professional team helping him make it happen,” she said.

“There is no doubt he’s determined to deliver a highly innovative new service which will offer expert insight into the latest developments in the sector on demand.”

Find out more about Housing Technology On Demand here: https://ondemand.housing-technology.com/

Contacts:
Melina Sophocleous
Marketing and Media Manager
Housing Technology
+4420 8336 3393
melina.sophocleous@housing-technology.com
www.housing-technology.com

or

Leigh Richards
Press Officer
The Right Image PR & Marketing
07758 372527
leigh.richards@therightimage.co.uk
www.therightimage.co.uk

Source: RealWire

EIA expects changes in electricity generation and increased electricity use as economy improves

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
May 11, 2021

EIA expects U.S. electricity generation will look different this summer compared with last summer as rising natural gas costs drive many electricity generators to switch to renewables and coal.

Our annual Summer Electricity Industry Outlook, released today with Short-Term Energy Outlook (STEO), forecasts a 12% decline in electricity generation from natural gas, a 21% increase in generation from renewable sources, and an 18% increase in generation from coal nationwide over last summer. This trend will be most pronounced in Texas and the Midwest.

“We believe renewable sources will primarily make up for the decrease of natural gas usage in Texas,” said EIA Acting Administrator Stephen Nalley. “Our forecast is that 28% of Texas’s electricity demand will come from renewables this summer, up from 21% in 2020.”

We forecast a 1.5% increase in total electricity sales this summer over last summer, with a 4.5% increase in sales to the industrial sector and a 2.6% increase in sales to the commercial sector. These increases are primarily the result of rising COVID-19 vaccinations, fewer pandemic-related restrictions, and an improving U.S. economy.

“Increased electricity use will be most notable in hotels, restaurants, and other businesses that faced major hurdles in 2020 due to stay-at-home orders,” Nalley said.

Milder summer weather and fewer travel restrictions contribute to a forecast 2.5% decrease in residential electricity use per customer this summer, although this estimated household electricity use is still higher than the 2015–2019 average. We expect U.S. households to pay about $446 on average for electricity from June 1 to August 31, which is similar to last year.

Our STEO forecast relies on the macroeconomic model from IHS Markit, from which we assume U.S. GDP growth will be 6.2% in 2021 and by 4.3% in 2022. The entire Short-Term Energy Outlook is available on our website.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Program Contact: Tim Hess, STEO@eia.gov

EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

Bullfinch AG and Aquila Capital launch Joint Investment Vehicle for energy-efficient assets

Aquila Capital and bullfinch are pleased to announce the launch of a strategic joint investment vehicle intended to invest in energy efficiency assets across Europe. By combining Aquila Capital’s leading investment experience in real assets and renewable energy, with bullfinch’s unique expertise in decentralized renewable projects and next-gen technology platform, the partnership intends to make an immediate impact in the renewable investment landscape.

– Cross reference: Picture is available at AP Images (http://www.apimages.com) –

With more than EUR 25 trillion to be invested in upgrading real estate assets across Europe to achieve climate goals, decentralized green infrastructure projects play an increasingly critical role in fighting climate change. The joint investment vehicle aims to become a relevant pure player in energy efficiency, targeting an investment of more than EUR 200 million in the next two years.

Aquila and bullfinch’s initiative will support the fast expansion of digital smart metering through financing, asset acquisition, and operations. Ultimately, Aquila and bullfinch are working together to realize the common vision of a world entirely powered by clean energy.

Bullfinch AG
Bullfinch AG, based in Frankfurt am Main, was founded in 2019 by CEO Robin Haack. The company is committed to a world powered by renewable energy: The Clean-Energy-as-a-Service technology platform enables the bundling, financing, standardization and management of sustainable building and facility infrastructure to make this vision a reality. Bullfinch’s solutions span four verticals: Power Generation, Clean Mobility, Energy Storage and Smart Buildings. Through partnerships with institutional investors and innovative energy hardware providers, they bridge the gap between capital and opportunity, enabling the accelerated global transition to clean energy.

Contact:
Bullfinch AG
Lucas Neurauter c/o BETTERTRUST GmbH, Luisenstraße 40, 10117 Berlin
Tel: (+49) 30 / 340 60 10 – 93, Mobil: (+49) 0176 / 619 111 76,
l.neurauter@bettertrust.de

Source: RealWire

Speedcast Selected to Expand Connectivity Solution to Future-Proof Stena Drilling Fleet

Investment in digital transformation driving communications design enhancements for global drilling assets

Aberdeen, United Kingdom — April 13, 2021 — Speedcast, the world’s most trusted communications and IT services provider, has announced it has secured a five-year contract with Stena Drilling to expand its existing communications service with a newly designed solution to maximize operational effectiveness and support digital transformation efforts for Stena’s global fleet. Aberdeen-based Stena Drilling Ltd. is a leading independent drilling contractor with operations across the globe.

Speedcast has provided corporate networking and crew welfare connectivity long-term across the driller’s fleet of four drill ships and two semi-submersible rigs and will now be adding enhanced communications design and technologies for the fleet. The service contract follows Stena’s implementation of a digital transformation program to invest in innovation and technology to future-proof their global assets.

As part of the solution, Speedcast will provide advanced, very small aperture terminal (VSAT) modem technology; multi-orbit and tri-band antenna systems; SD-WAN, out-of-band management (OBM) and telemetry applications; and an enhanced design to maximize LTE coverage. All services will be backed by Speedcast’s 24×7 Customer Support Center (CSC).

“Speedcast has partnered with Stena Drilling for many years now in delivering the connectivity capabilities required for operational success,” said Richard Elson, Executive Vice President – Energy at Speedcast. “We are honored to continue serving as Stena’s sole communications provider, supporting their digital transformation by accelerating technologies onboard that will future-proof their global drilling assets.”

“Our team is keenly focused on investing in innovation and technology for our globally dispersed fleet,” said Ian Fraser, IT Manager at Stena Drilling. “To accomplish our goals, it is paramount that we partner with a technology advocate that will work in collaboration with our team to continue enhancing the connectivity solutions we believe will maximize our operational effectiveness. Speedcast has been our long-term choice for this critical endeavor and we look forward to our continued success.”

###

About Speedcast
Speedcast is a leading communications and IT services provider, delivering critical communications services to the Maritime, Energy, Mining, Media, Telecom, Cruise, NGO, Government, and Enterprise sectors. The company leverages its global network platform to provide fully connected systems that harness technologies and applications to transform what remote operations can achieve. With the world’s most comprehensive network, Speedcast enables faster, seamless pole-to-pole coverage from a global hybrid satellite, fiber, cellular, microwave, MPLS, and IP transport network with direct access to public cloud platforms. The company integrates differentiated technology offerings that provide smarter ways to communicate and distribute content, manage network and remote operations, protect and secure investments, and improve the crew and guest experience. With a passionate customer focus and a strong safety culture, Speedcast serves more than 3,200 customers in over 140 countries. Learn more at www.speedcast.com.

Speedcast® is a trademark and registered trademark. All other brand names, product names, or trademarks belong to their respective owners.

© 2021 Speedcast. All rights reserved.

Speedcast Contact
Alix Wright
SVP, Global Marketing and Communications
Alix.Wright@Speedcast.com

About Stena Drilling
Stena Drilling Ltd. is one of the world’s leading independent drilling operators, with four ultra-deepwater drillships and two semi-submersible midwater drilling rigs, operating in a global market. Based in Aberdeen, UK, Stena Drilling has been a pioneer in several areas of technological development and innovation in the offshore industry and is a subsidiary of Stena AB, a privately owned company based in Gothenburg, Sweden.

Source: RealWire

EIA expects U.S. motor fuel consumption to increase this summer, but remain below 2019 levels

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
April 6, 2021

The U.S. Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. EIA’s annual Summer Fuels Outlook, released today with EIA’s Short-Term Energy Outlook (STEO), expects a 15% increase in U.S. highway travel this summer but still less highway travel than in the summer of 2019.

EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 per gallon (gal) this summer, compared with last summer’s average of $2.07/gal. For diesel fuel, EIA expects retail prices to average $2.91/gal this summer, up from an average of $2.43/gal last summer.

“The increase in fuel consumption we are forecasting for the summer driving season is a reflection of optimism about the U.S. economy as COVID-19 vaccinations and fiscal stimulus support continued recovery,” said EIA Acting Administrator Stephen Nalley. “There remains a lot of uncertainty, but rising levels of employment, disposable income, and consumer spending point to an improving U.S. economy.”

Retail gasoline prices recently reached their highest levels in almost two years, hitting an average of $2.87/gal on March 22. Increasing U.S. refinery production along with rising crude oil supply from OPEC, its partner countries, and U.S. tight oil producers should help bring those prices down. EIA forecasts retail gasoline prices to gradually fall to an average of $2.62/gal by September.

EIA’s STEO forecast relies on the macroeconomic model from IHS Markit, from which EIA assumes U.S. GDP growth will be 8.5% higher this summer than last.

The entire Short-Term Energy Outlook is available on the EIA website. EIA will publish a summer electricity outlook with next month’s STEO on May 11.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Program Contact: Tim Hess, STEO@eia.gov

EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

U.S. Energy Information Administration to release new monthly biofuels data

U.S. ENERGY INFORMATION ADMINISTRATION

WASHINGTON DC 20585

FOR IMMEDIATE RELEASE
March 25, 2021

The U.S. Energy Information Administration (EIA) announced today that it will release expanded monthly biofuels data through a new report—the Monthly Biofuels Capacity and Feedstocks Update. On March 31, 2021, EIA plans to publish the first edition of this report, which will contain January 2021 data. EIA will also modify petroleum and biofuel volumetric balances in the interactive Supply and Disposition summary data table in its Petroleum Navigator.

“We developed the Monthly Biofuels Capacity and Feedstocks Update because of the significant growth in U.S. production of renewable fuels,” said EIA Acting Administrator Stephen Nalley. “The new data will help our data users better track production capacities and feedstock consumption for biofuels, which will increase understanding of the effects of biofuels on the energy industry and our economy.”

Changes to the monthly biofuels data and petroleum and biofuel volumetric balances include:

  • The Monthly Biofuels Capacity and Feedstocks Update replaces the Monthly Biodiesel Production Report, but the biodiesel report will continue to be the source of EIA’s historical monthly biodiesel data before January 2021.
  • Table 1 of the Monthly Biofuels Capacity and Feedstocks Update will report expanded coverage of production capacities for biodiesel, fuel alcohol, and renewable fuels.
  • Table 2 of the Monthly Biofuels Capacity and Feedstocks Update will replace Table 3 of the Monthly Biodiesel Production Report and reflect expanded coverage of the types of biofuel feedstocks consumed to include feedstocks used in the production of biodiesel, fuel alcohol, and renewable fuels.
  • Changes to the Supply and Disposition summary data table include:
    • For the Renewable Fuels Except Fuel Ethanol product category, Renewable Fuels & Oxygenate Plant Net Production under Supply will include renewable fuels in addition to biodiesel.
    • For the Renewable Fuels Except Fuel Ethanol product category, balance quantities reported as Adjustments under Supply will be discontinued, while balance quantities reported as Products Supplied under Disposition will be introduced.
    • For the Distillate Fuel Oil product category, biodiesel quantities reported as Adjustments under Supply will be discontinued.
    • For the Finished Petroleum Products product category, which includes Distillate Fuel Oil and Kerosene-Type Jet Fuel as two of the subcategories, quantities of petroleum products blended with biofuels at biofuel producing plants will be reported as Renewable Fuels & Oxygenate Plant Net Production under Supply.

The composition of the monthly data for the Fuel Ethanol product category of the Supply and Disposition summary data table will continue to be consistent with that of the historical data before January 2021.

EIA plans to publish revisions to the new monthly biofuels data for 2021 and petroleum and biofuel volumetric balances with the release of the Petroleum Supply Annual data tables in August 2022.

The full Monthly Biofuels Capacity and Feedstocks Update will be available March 31 on the EIA website.

The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

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