Day: December 8, 2022

LONDON and DUSSELDORF, Germany and CALGARY, Alberta, Dec. 08, 2022 (GLOBE NEWSWIRE) — Deep Energy Capital, LLP (“Deep Energy”), an independent specialized renewable energy investment firm, and Eavor Technologies Inc. (“Eavor”), the preeminent advanced geothermal technology company, have agreed to develop, finance, construct and operate geothermal projects deploying Eavor’s advanced geothermal technology: Eavor-Loop.

Deep Energy will finance at least five projects, requiring up to €1 billion, from Eavor’s growing European and North American project pipeline. The projects will deliver continuous renewable power and heat and are expected to benefit from long-term feed-in-tariffs and fixed price off-take contracts underpinned by the growing value of resilient and local sources of clean energy.

Eavor’s closed-loop geothermal systems extract heat energy from an isolated network of wellbores, akin to a deep underground radiator. Together, the five closed-loop projects are expected to generate over 2,500 GWh (thermal) of clean energy and save over 500,000 tonnes of CO2 annually, for at least 30 years. In October 2022, Eavor announced the start of construction at its Geretsried geothermal site and a Heat Purchase Agreement (HPA) with enercity AG to supply clean heat to Hannover’s district heating network.

Dan Phillipson, Managing Partner at Deep Energy, said: “This agreement with Eavor unlocks geothermal’s potential and creates a path to scalability by aligning projects to infrastructure investors’ risk and return profile. We see enormous opportunity to build out this resilient infrastructure and provide communities with dependable clean heating and power.”

John Redfern, President and CEO at Eavor Technologies, said: “Eavor-Loop is a game changer in reducing risk and making geothermal possible at scale. Electrical power and heating can be delivered with reliability and confidence. This collaboration with Deep Energy is an important step in commercializing, financing and unlocking our low carbon future.”

Eavor and Deep Energy announced an initial collaboration agreement in 2021.

ABOUT DEEP ENERGY CAPITAL

Deep Energy Capital is a long-term investment manager focusing on the energy transition. The firm is an independent partnership headquartered in London. We make geothermal infrastructure investments that provide a highly differentiated source of renewable energy. Development, construction, operation, and financial optimisation of clean, renewable, baseload and dispatchable sources of power, heating and cooling, is at the core of what we do. As a conduit for sustainable infrastructure investment, Deep Energy Capital aims to deliver sustainable, reliable and secure energy to power grids and local communities globally.

ABOUT EAVOR TECHNOLOGIES

Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, Temasek, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling, BDC Capital and CHUBU.

CONTACTS:

Deep Energy Capital, LLP
Dan Phillipson – Managing Partner
info@deepenergy.capital
+44 20 3982 6635
www.deepenergy.capital

Eavor Technologies Inc.
John Redfern – President & CEO
info@eavor.com
1 650 269-2501
www.eavor.com

GlobeNewswire Distribution ID 8710794

VistaJet

Carbon neutral by 2025

Announcing signed agreement with AEG Fuels and OMV to purchase
ISCC PLUS Certified Sustainable Aviation Fuel at Vienna International Airport

London, December 8, 2022: VistaJet, the first and only global business aviation company, continues to push forward with its plan for more sustainable aviation solutions and announces an agreement with AEG Fuels to purchase Sustainable Aviation Fuel (SAF) produced by OMV at Vienna International Airport. Leading the industry by integrating a series of environmental initiatives throughout its operations, the agreement accelerates VistaJet’s journey to carbon neutrality by 2025.

VistaJet’s commitment to replace over 200,000 USG of conventional jet fuel consumption with a blended SAF is expected to generate over 165,000 kg of CO2 reduction — an 80% emissions improvement over the lifecycle of the fuel compared to conventional jet fuel. This SAF is produced in compliance with the EU Renewable Energy Directive (EU RED).

Thomas Flohr, Founder and Chairman, VistaJet said: “Together as an industry we can reshape the way we conduct business. At VistaJet, we are very proud of the progress we have made and we hope that others will adopt our recommendations. Businesses are rightfully being held accountable for their environmental impact and our agreement with AEG Fuels not only helps in reducing GHG emissions, but goes hand in hand with our ongoing efforts to practice higher sustainability to protect the local communities in the countries we operate, spanning 96% of the world.”

Stephen J. Leonard, Vice President of Global Supply, AEG Fuels said: “Business and corporate jet operators are going to be key stakeholders in aviation’s decarbonization plans as we work to achieve net-zero. We’re very excited to support VistaJet’s efforts to push our industry forward and provide a framework for future SAF agreements. Their individual efforts are supporting critical investments in sustainable solutions for producers and consumers in the space.”

VistaJet

New SAF partnership with AEG Fuels

Founded in 2004, VistaJet revolutionized business aviation from its inception, providing access to a global fleet without the need to own an aircraft. This new way to fly means fewer aircraft produced, and also reduced repositioning flights, as the fleet is managed on a floating model instead of the wasteful hub-and-spoke system.

Private aviation has seen unprecedented growth since the pandemic, as travel continues to be a necessity for companies to ensure business continuity and point-to-point connections on fuel-efficient smaller aircraft. VistaJet is simultaneously making every effort to reduce the industry’s impact on the environment.

Proving its commitment to change, in April 2021 VistaJet pledged to be fully carbon neutral across its entire business by 2025. Urging the aviation industry to step up and do its part to combat climate change, VistaJet’s commitment is also aimed at pushing the sector to go further than the current goal of net-zero carbon emissions by 2050 set by the civil aviation industry bodies and IATA. Only a multi-party contribution can reduce impact in scale and bring about an industry-wide transformation to drive systemic transformation.

To capture the progress the company has made with its market-leading environmental sustainability initiatives, VistaJet also published A 2022 Action Handbook for Change in Business Aviation, developed in collaboration with climate solutions provider and carbon project developer South Pole. The whitepaper examines in detail how the aviation sector should respond to the climate crisis and identifies real solutions, including the most effective ways for business aviation companies to minimize the industry’s carbon footprint.

While offsets and SAF are the main options currently available to reduce carbon footprint, VistaJet continues to actively seek and invest in new developments to help push beyond the current limitations, looking at new technology and innovations to further reduce GHG footprint in line with the latest available science. Following years of research, innovative technology exploration and working with clients, the industry and regulatory bodies, VistaJet already has:

• Worked to make the adoption of carbon offsetting by VistaJet Members grow to over 85%;
• Provided global access to SAF no matter where clients are traveling from while continuing to advocate externally for the widespread adoption of SAF in the industry;
• Used AI to maximize fleet optimization to improve fuel-efficient consumption by 8%;
• Refined its fleet sharing model to continue driving fleet efficiencies;
• Added 16 new Global 7500 aircrafts to the fleet, the first business jet with a third-party verified Environmental Product Declaration (EPD). The high-speed transonic wings of the Global 7500 cut down on drag, reducing fuel burn and emissions while its GE passport Engines have a reduce fuel consumption of approximately 2.5 liters per functional unit;
• Ensured single-use items were kept to a minimum, having achieved an over 90% reduction in their use on board all aircraft and replaced them with sustainable alternatives;
• Continued its policy of transparency, publishing in full its greenhouse gas (GHG) emissions and Task Force on Climate-Related Financial Disclosure (TCFD) reports. These audits enable the company to identify the carbon footprint of its operations and offices worldwide and further define its opportunities and priorities.

Contact
press@vistajet.com

About VistaJet  
VistaJet is the first and only global business aviation company. On its fleet of silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world.
Founded in 2004, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere.
VistaJet is part of Vista — the world’s first private aviation ecosystem, integrating a unique portfolio of companies offering asset-light solutions to cover all key aspects of business aviation.
More VistaJet information and news at vistajet.com

VistaJet Limited is a European air carrier with Maltese Air Operator Certificate No. MT-17 and is incorporated in Malta under Company Number C 55231. VistaJet US Inc. is an Air Charter Broker that does not operate aircraft. VistaJet and its subsidiaries are not U.S. direct carriers. VistaJet-owned and U.S. registered aircraft are operated by properly licensed U.S. air carriers. 

About Associated Energy Group, LLC (AEG Fuels)
Associated Energy Group, LLC (AEG Fuels) is a global aviation fuels and services supply chain management company. The company’s core business is the marketing and financing of fuel supply and logistics solutions for the world’s largest airlines, militaries, and corporate operators. AEG is dedicated to delivering value to aircraft operators by providing comprehensive aviation solutions and unparalleled service on a global basis. Through AEG customers can access a full array of solutions powered by strategic relationships with multinational energy companies and logistics providers on every continent. The geographic and operational scale of AEG’s product offering and technology platform provide AEG a competitive advantage and ensure customers operational excellence. AEG also focuses on supporting customers in achieving their goals of environmental integrity through the integration of SAF and Carbon Credits into their regular fuel programs. AEG is headquartered in Miami, Florida USA and hosts offices in London, Dubai, Singapore, Toluca, Houston, and Tahoe.

About OMV Aktiengesellschaft
With Group sales revenues of EUR 36 bn and a workforce of around 22,400 employees in 2021, OMV is amongst Austria’s largest listed industrial companies.
In Chemicals & Materials, OMV through its subsidiary Borealis, is one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers, and plastics recycling. Together with its two major joint ventures – Borouge (with ADNOC, in the UAE and Singapore) and Baystar (with TotalEnergies, in the USA) – Borealis supplies products and services to customers across the globe. OMV’s Refining & Marketing business produces and markets fuels as well as feedstock for the chemical industry, operates three refineries in Europe, and holds a 15% stake in a refining joint venture in the UAE. OMV operates around 2,100 filling stations in ten European countries. In addition, the activities include Gas & Power Eastern Europe where it also operates a gas-fired power plant in Romania. In Exploration & Production, OMV explores and produces oil and gas in the four core regions of Central and Eastern Europe, Middle East and Africa, North Sea, and Asia-Pacific. Average daily production in 2021 included production from a joint venture in Russia and amounted to 486,000 boe/d with a focus on natural gas (~60%). As of March 1, 2022, Russian entities are no longer consolidated. Its activities include Gas Marketing Western Europe, where it also operates gas storage facilities in Austria and Germany.
OMV intends to transition from an integrated oil, gas, and chemicals company to become a leading provider of innovative and sustainable fuels, chemicals, and materials, while taking a leading global role in the circular economy. By switching over to a low-carbon business, OMV is striving to achieve net zero in all three Scopes by 2050 at the latest.

Attachments

• VistaJet
• VistaJet

GlobeNewswire Distribution ID 1000771030

The Albert B. Sabin Gold Medal and Rising Star Award

The Sabin Vaccine Institute awarded R&D leader Dr. Kathrin Jansen the 2022 Gold Medal for her extraordinary contributions to vaccinology. Immunologist Dr. Kizzmekia Corbett received the 2022 Rising Star award for her work advancing the field of immunization.

WASHINGTON, Dec. 07, 2022 (GLOBE NEWSWIRE) — The Sabin Vaccine Institute today honored two extraordinary scientists for their breakthrough vaccine research that changed the course of the COVID-19 pandemic, advanced public health, and saved countless lives. The 2022 Albert B. Sabin Gold Medal was awarded to vaccine research leader Kathrin U. Jansen, PhD, and the Rising Star to immunologist Kizzmekia Corbett, PhD.

The Gold Medal, now in its 29th year, is Sabin’s highest scientific honor, given annually to a distinguished member of the global health community who has made exceptional contributions to vaccinology or a complementary field. Past award recipients include leaders of vaccinology and vaccine advocacy such as Drs. Barney Graham, Carol Baker, Anne Gershon, Bill Foege, and Myron Levine.

Dr. Jansen was selected for her nearly three decades of commitment to advancing vaccine research and development (R&D) for a range of challenging diseases from COVID-19 to HPV and pneumonia, all of which afflict adults and children in low-and middle-income countries with already fragile health care systems.

This past August, Dr. Jansen retired as the senior vice president and head of vaccine research and development at Pfizer Inc. There, Dr. Jansen led global vaccines R&D with responsibilities ranging from discovery to post-marketing commitments. In collaboration with BioNTech, Dr. Jansen spearheaded the development of a COVID-19 vaccine that would become the first FDA and WHO-authorized COVID-19 vaccine and is the first-ever approved vaccine to use an mRNA platform.

Dr. Jansen’s leadership at Pfizer also produced newer versions of a widely used pneumococcal conjugate vaccine and vaccine candidates to prevent Streptococcus pneumoniae, respiratory syncytial virus (RSV), meningococcal infections, and Group B streptococcus. Previously, she directed vaccine R&D efforts at Merck Research Laboratories and led the development of the world’s first cervical cancer vaccine. She also contributed to programs for rotavirus, mumps, measles and rubella.

“We are delighted to recognize Dr. Jansen with our Gold Medal award for her commitment to furthering vaccines and tackling tough scientific challenges in the interest of benefitting humanity and saving lives,” says Amy Finan, Sabin’s chief executive officer. “Throughout her career, she has demonstrated a unique passion for answering perplexing research questions and making bold decisions that led to impactful public health milestones.”

Dr. Jansen said she was “humbled” by the honor. “When you look at all the previous Gold Medal recipients, they are colleagues and friends that you know and have interacted and worked with for years – passionate people, all dedicated to making a healthier world.”

Sabin’s Rising Star Dr. Corbett is an assistant professor of immunology and infectious diseases at Harvard T.H. Chan School of Public Health. A viral immunologist by training, Dr. Corbett works to advance vaccine development for pandemic preparedness and to build public confidence in vaccines, particularly among communities of color facing health disparities. While at the National Institutes of Health she was a member of the team whose research on the novel coronavirus laid the groundwork for the COVID-19 Moderna vaccine – the first candidate to be tested in Phase 1 clinical trials in the U.S.

Dr. Corbett’s research has also included a universal influenza vaccine, dengue, and respiratory syncytial virus. Currently, she leads a laboratory focused on novel coronaviruses and other infectious diseases that aims to inform vaccine development against potential future pandemics. She is also a leading advocate for STEM education, health care equity, and community-based public health outreach.

“Sabin is delighted to name Dr. Corbett this year’s Rising Star,” says Finan. “Her contributions to vaccine development are matched only by her dedication to shoring up vaccine confidence, especially among skeptics. She has done incredible work explaining the scientific rigor behind vaccines and is inspiring the next generation of researchers and public health heroes.”

“It’s a really big honor for me to win this award,” says Dr. Corbett. “Having just started my career and my own lab, winning this Rising Star Award suggests that – number one – I have a long way to go but – number two – that I am capable, which is especially good to hear from my peers, mentors and other more experienced scientists.”

About the Sabin Vaccine Institute

The Sabin Vaccine Institute is a leading advocate for expanding vaccine access and uptake globally, advancing vaccine research and development, and amplifying vaccine knowledge and innovation. Unlocking the potential of vaccines through partnership, Sabin has built a robust ecosystem of funders, innovators, implementers, practitioners, policy makers and public stakeholders to advance its vision of a future free from preventable diseases. As a non-profit with more than two decades of experience, Sabin is committed to finding solutions that last and extending the full benefits of vaccines to all people, regardless of who they are or where they live. At Sabin, we believe in the power of vaccines to change the world.

For more information, visit https://www.sabin.org/ and follow us on Twitter @sabinvaccine.

Media contact: Rajee Suri, rajee.suri@sabin.org

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/66127064-3ffb-4f40-9010-7d9da33b625b

GlobeNewswire Distribution ID 8708580

COPENHAGEN, Denmark, Dec. 07, 2022 (GLOBE NEWSWIRE) — On December 7^th, Copenhagen Infrastructure Partners (CIP) through its fund CI IV and its affiliate California North Floating, LLC has been announced as the provisional winner of lease area OCS-P 0562 in the auction held by the United States Bureau of Ocean Energy Management (BOEM).

The auction was the first-ever offshore wind lease sale on the US West Coast and the first-ever US sale to support potential commercial-scale floating offshore wind energy development. A total of five offshore wind energy leases off the central and northern California coast were auctioned off and the area won by CIP has a potential capacity of more than 1.0 GW.

CIP Senior Partner Torsten Smed said, “California is expected to develop into a key market for floating offshore wind and the auction represented a strong investment opportunity for us. By adding the new lease area to our portfolio and based on our large global portfolio of floating offshore projects in different stages of development we are uniquely positioned to lead the commercialisation of floating offshore wind in the US.”

Since entering the US offshore market in 2016, CIP has built a leading offshore wind position through its affiliate Vineyard Offshore. This includes Vineyard Wind 1, the country’s first commercial scale offshore wind project which is currently under construction, as well as two lease areas under development totaling approximately 5.0 GW off the coast of Massachusetts and New York.

“The future of offshore wind is floating, and we are proud to have taken this first important step in building an attractive floating offshore pipeline off the US West Coast,” continued Mr. Smed. “We look forward to supporting the ambitious offshore goals of the State of California and do our part in ensuring the local job creation and the environmental improvements that will benefit the entire state.”

About Copenhagen Infrastructure Partners
Founded in 2012, CIP today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focus on investments in offshore- and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, Power-to-X and advanced bioenergy.

CIP manages ten funds and has to date raised approximately EUR 19 billion for investments in energy and associated infrastructure from more than 140 international institutional investors. CIP will accelerate its role in the global energy transition and aims to have EUR 100 billion under management in green energy investments by 2030. CIP has approximately 400 employees and 11 offices around the world. For more information, visit www.cip.dk

For further information, please contact:

Copenhagen Infrastructure Partners
Simon Mehl Augustesen, Chief Communication & Marketing Officer
Phone: +45 30526721
Email: siau@cip.dk

Thomas Kønig, Partner – Investor Relations,
Phone: +45 7070 5151,
Email: tkon@cip.dk

GlobeNewswire Distribution ID 1000771031