21
Tue, May

Antonio Mexia, EDP CEO and Chairman of EDPR and Isabelle Kocher, ENGIE CEO, announce today the signing of a strategic Memorandum of Understanding (MoU), to create a co-controlled 50/50 joint-venture (JV) in fixed and floating offshore wind. The new entity will be the exclusive vehicle of investment of EDP, through its subsidiary EDP Renewables (EDPR), and ENGIE for offshore wind opportunities worldwide and will become a global top-5 player in the field, bringing together the industrial expertise and development capacity of both companies.

Under the terms of the MoU, EDP and ENGIE, will combine their offshore wind assets and project pipeline in the newly-created JV, starting with a total of 1.5 GW under construction and 4.0 GW under development, with the target of reaching 5 to 7 GW of projects in operation or construction and 5 to 10 GW3 under advanced development by 2025.

For EDP and ENGIE, offshore wind energy is becoming an essential part of the global energy transition, leading to the market’s rapid growth and increased competitiveness. The companies believe that creating an entity with greater scale and a fully dedicated team, with global business development reach and strong power purchase agreement origination capabilities, will allow them to grow their asset base more rapidly and to operate more efficiently assuring a stable partnership.

The JV will primarily target markets in Europe, the United States and selected geographies in Asia, where most of the growth is expected to come from. The JV’s ambition is to be self-financed and the projects that will be developed will respect the investment criteria of both companies.

This ambitious alliance follows EDPR and ENGIE’s successful six-year cooperation as consortium partners in the Dieppe Le Tréport and Yeu Noirmoutier fixed offshore wind projects in France and Moray East and Moray West in the UK. EDPR and ENGIE are also partners in 2 floating offshore wind projects in France and Portugal and in the Dunkerque offshore wind tender currently ongoing in France.

Isabelle Kocher, ENGIE CEO, said: “We are delighted to announce this strategic alliance in offshore wind with EDP that we have been partnering with since 2013. The offshore wind sector is set to grow very significantly by 2030. The creation of this JV will enable us to seize market opportunities while increasing our competitiveness on one of our key growth drivers, renewables. This agreement is also fully aligned with ENGIE’s zero-carbon transition strategy.

António Mexia, EDP CEO said: “This agreement for wind offshore represents an important step in EDP’s renewables strategy. We are fully committed with the energy transition and a more sustainable future, as per the ambitious goals communicated in our strategic update. We are confident that this partnership will reinforce our distinctive position in renewables allowing us to accelerate our path in offshore wind, one of the key growth markets in the next decade.”

The execution of the project is subject to the respective social, corporate, legal, regulatory and contractual approval processes. The Group’s’ aim for the JV is to be operational by the end of 2019.

1Corresponding to 100% of projects capacity: Moray East (950MW), Wind Float Atlantic (25MW), SeaMade (487MW)
2Corresponding to 100% of projects capacity: Moray West (800-950MW), Tréport & Noirmoutier (992MW), Leucate (24MW), Mayflower (1500 MW), B&C Wind (400MW), California (100-150MW)
3Corresponding to 100% of project capacity
Read more: EDP and ENGIE join forces to create a leading...

TURLOCK, Calif., May 21, 2019 /PRNewswire/ -- Considering last week's report from the United Nations, the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), Gemperle Family Farms is expanding their philanthropic giving in the areas of preservation of natural ecosystems and the diversity of plant and animal species.

"Sustainable Farming at Gemperle Family Farms"
"Sustainable Farming at Gemperle Family Farms"

"After we read portions of the report we decided as a family business that we needed to do something," said Heidi Gemperle, a Seattle veterinarian and longtime advocate for land and animal habitat conservation. "We felt that we needed to do more to preserve our Earth's ecosystem for future generations."  The United Nations report concluded that up to 1 million species (about 25%) are threatened with extinction within decades, over 40% of amphibian species threatened with extinction, over 33% of marine mammals threatened with extinction. Loss of pollinator insects alone may result in a US$235 to US$577 billion of global crop loss.

Gemperle Family Farms is calling on all businesses to join forces in the preservation of our ecosystem and its vital contributions to the world population. "If every business does a small part, we can become a web of action and change," stated Gemperle. "There is a network of awe-inspiring nonprofits on the ground doing sound science and community-based projects. The easiest way to create change is to fund these organizations so they can continue their work. That's why we started the #PreserveNatureDonations challenge."

This year Gemperle Family Farms has chosen two organizations, Dian Fossey Gorilla Fund International and the Xerces Society for Invertebrate Conservation for sizable donations. "We are calling on all businesses and individuals to join the #PreserveNatureDonations challenge," stated Gemperle. "Let's start the conversation and move everyone to action in supporting organizations committed to improving the Earth's environment for future generations."

Inspired by his time in Africa while serving in the Peace Corp, Mike Gemperle, VP of Gemperle Family Farms saw firsthand how illegal poaching and degradation of environments has decimated many animal species in Africa. "I feel that there is so much more to do in this world when it comes to animal welfare and species preservation. Species like the mountain gorillas in Rwanda and Congo are near extinction because of systematic abuse and mistreatment that occurs." Gemperle Farms feels that it is important to fund projects around the world that work with the local indigenous communities, so this year they chose to donate to the Dian Fossey Gorilla Fund International.

Gemperle Family Farms lives and breathes animal welfare and ecosystem preservation daily.

"We are always looking at best science-based practices for reducing our carbon and water footprint, as well as lowering energy use in our barns" stated Mike Gemperle. "In our orchard division, we practice sustainable farming methods such as micro sprinklers to reduce water use, all-natural fertilizer and planting cover crops and pollinator habitat to enhance bee population health. We have also invested in renewable energy solar projects to reduce our carbon footprint. We do what we can on our local farms, however, as a family we feel compelled to expand our efforts to worldwide causes."

The Gemperle Family feels it is important to support the conservation of pollinators, and other invertebrates which are considered essential to biological diversity and an ecosystem's health. Therefore, a second donation was made to the Xerces Society for Invertebrate Conservation.

Gemperle Farms encourages all businesses large and small to join the nature preservation conversation.

"It's easy to join the movement," said Heidi Gemperle. "Simply donate to an environmental oriented organization that inspires you.  Then share your story via social media and use the hashtag #PreserveNatureDonations. If you don't know where to start, visit Charity Navigator to find a charity that resonates with you and your beliefs."

We can all help grow the web of action and inspire other businesses to do their part to protect nature for current and future generations. Gemperle Family Farms challenges you to become part of the conversation and help create change.

Contact
Susan Gemperle Abdo
This email address is being protected from spambots. You need JavaScript enabled to view it.
208-484-7375

SOURCE Gemperle Family Farms

Read more: Gemperle Family Farms Expands Charitable Giving...

AUSTIN, Texas, May 21, 2019 /PRNewswire/ -- Interplay Learning, the leading provider of online training for skilled trades utilizing virtual reality (VR) and 3D simulations, today announced it completed a $5.5 million Series A round of financing. S3 Ventures led the investment round with participation from Shasta Ventures, Sierra Ventures, Holt Ventures, Wild Basin Investments, and Shelter Capital Partners. Charlie Plauche, Partner with S3 Ventures, will join its Board of Directors. The round will support onboarding talent in its Austin offices and customer success team, while aggressively accelerating expansion into new markets and developing new platform features.

The Series A financing builds on a year of explosive growth for the firm, including:

  • 40% month-over-month growth of SaaS platform users ranging from SMB to Enterprise customers
  • Acquiring three major HVAC manufacturers for customers, including the largest HVAC distribution company globally
  • Its first international license deal
  • On track for 400% growth in 2019
  • Plans to penetrate four new industries
  • Former Pixar senior engineer joins firm enabling their R&D team to build a breakthrough 3D/VR training platform

"Interplay's platform, coupled with on-the-job training, has quickly become the foundation for our internal training program," said Robyn Hass, Chief Financial Officer of Core Mechanical. "The content really engages our junior technicians, so they actually use it and can see a clear path on how to grow their technical skills. This means we can hire for attitude and train for skill."

Interplay Learning develops and delivers scalable and effective training for the mechanical, electrical and industrial workforce using VR and 3D simulation. Its catalog includes dozens of interactive video courses by top industry experts and state-of-the-art 3D troubleshooting simulations. Course materials are accessible by desktop, laptop or VR-headset and provide an immersive learning experience for engagement and field-like experience. It delivers cost-effective HVAC NATE CEU hours and Solar NABCEP CEU hours. The subscription-based solution offers monthly and annually pricing.

About Interplay Learning
Austin, Texas-based Interplay offers both off-the-shelf and custom solutions to solve difficult workforce training challenges. The software company has developed expertise over the last 8 years in simulation training in the HVAC, Electrical, Energy Auditing, Solar Install, Manufacturing, and Construction Codes industries. It was named to the latest Inc. 5000 list. Media images available at https://www.interplaylearning.com/press-room.

About S3 Ventures
Austin, Texas-based S3 Ventures is an early, expansion and growth stage venture firm with $500 million under management. S3 is focused on information technology solutions that solve large business problems. S3 also invest in medical devices that improve the human condition. S3 partners with each investment and helps focus methodically on what it takes to build a successful company. Visit http://www.s3vc.com/ for more information.

Media Contact
Ria Romano
RPR Public Relations, Inc.
786-290-6413

SOURCE Interplay Learning

Related Links

https://www.interplaylearning.com

Read more: Interplay Learning Secures $5.5 Million Series A...

DUBLIN, 21. Mai 2019 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream" oder das "Unternehmen"), der weltweit führende Entwickler von Wind- und Solarkraftwerken, gibt heute seine geprüften Ergebnisse für den Zwölfmonatszeitraum zum 31. Dezember 2018 ("den Zeitraum") bekannt.

Highlights

Finanzielle Highlights – Ein transformatives Jahr für das Unternehmen

  • Rekordgewinn von 487,5 Mio. EUR (2017: Verlust von 5,5 Mio. EUR ) nach erfolgreichem Verkauf des 450 MW Windparkprojekts Neart na Gaoithe in Schottland an die EDF-Gruppe
  • Rückzahlung aller Unternehmensschulden (73 Mio. EUR)
  • 90 Mio. EUR Handelsfazilität gesichert mit der DNB Bank ASA und der HSBC Bank PLC, die vorbehaltlich der Vereinbarung auf 200 Mio. EUR erweiterbar ist und die Freiheit bietet, große Entwicklungsmöglichkeiten weltweit zu verfolgen
  • Mainstream auf Kurs, um weitere 700-800 Mio. EUR Projektfinanzierung im Jahr 2019 zu erhalten
  • Nach einem Rückkauf durch institutionelle Investoren im September 2018 kehrte das Unternehmen zu seiner Kernkapitalstruktur zurück, die sich im Privatbesitz des Gründers Eddie O'Connor, seiner Mitarbeiter und einer kleinen Privatanlegergruppe befindet

Operative Highlights – Nachhaltig mehr Megawatt geliefert als jeder andere unabhängige Entwickler

  • Mehr als 10,5 GW an neuen Projekten in der Entwicklung
  • 707 MW im Bau
  • 804 MW in Betrieb genommen
  • Anerkennung des Carbon Disclosure Project: Ausgezeichnet mit A- (Leadership)
  • Geschätzte Netto 998.340 Tonnen CO2 wurden im Jahr 2017 vermieden
  • Erweiterung der Präsenz, um den globalen Ambitionen gerecht zu werden - neue Büros in Edinburgh, Kolumbien, Singapur und Australien eröffnet

Perspektive - Auf dem Weg zu einem globalen Großkonzern für erneuerbare Energien

  • Mainstream ist sehr gut positioniert, um eine drastische Expansion und ein Wachstum in seinen Kernmärkten Asien-Pazifik, Lateinamerika und Afrika sowie im globalen Offshore-Windsektor zu fördern

Lateinamerika: 

  • Bereits der größte Entwickler von erneuerbaren Energien in Chile mit einem 100-köpfigen chilenischen Team
  • Fokussiert auf die Bereitstellung der 1.3 GW Andes Renovables Plattform für den kommerziellen Betrieb zwischen 2021 und 2022
  • Bau der Projekte Sarco und Aurora in Chile (299 MW) im Rahmen des Joint Ventures mit Actis (Aela Energía) im Gange - wirtschaftlicher Betrieb bis H2 2019 erwartet
  • Der 33 MW Windpark Cuel ist seit fünf Jahren im kommerziellen Betrieb

Asien-Pazifik-Raum: 

  • Partnerschaft mit der Phu Cuong Gruppe zur Realisierung von Asiens größtem Windprojekt - dem 800 MW Offshore-Windpark Phu Cuong Soc Trang in Vietnam - erste Phase voraussichtlich bis 2020 abgeschlossen
  • Memorandum of Understanding zur Lieferung von zusätzlich 1 GW Solarstrom in Vietnam, Kambodscha und Laos abgeschlossen
  • Zwei Windparks in der Entwicklung auf den Philippinen mit einer Gesamtleistung von 120 MW

Offshore: 

  • Mainstream hat sein Offshore Centre of Excellence in Edinburgh gegründet
  • Aktive verfolgte Projekte in Großbritannien, Indien, Vietnam und den USA 

Afrika: 

  • Weitere 408 MW an Projekten im Bau; 250 MW davon baut Mainstream in Südafrika und weitere 158 MW im Bau im Senegal
  • Die Lekela Power-Plattform (ein Joint Venture mit Actis) hat weitere Projekte in Ägypten (250 MW mit Power Purchase Agreement) und Ghana (150 MW)

Andy Kinsella, Group Chief Executive von Mainstream, sagte: "Mainstream ist positioniert, um einer der neuen großen Majors für erneuerbare Energien zu werden, da der Kapitaltransfer von fossilen Brennstoffen zu nachhaltigen Energien immer schneller wird. 

Nach einem Jahr der Transformation, in dem wir den Verkauf unseres Offshore-Windparks in Schottland erfolgreich abgeschlossen haben, verfügen wir nun über eine solide Bilanz und sind uneingeschränkt bestrebt, die Entwicklung der Wachstumsökonomien durch die Bereitstellung von Kapazitäten für erneuerbare Energien zu unterstützen.

Wir sind bereit, eine deutliche Expansion in unseren Kernmärkten Asien-Pazifik, Lateinamerika und Afrika einzuleiten und in den britischen Offshore-Windbereich zurückzukehren, wo wir bisher 3,45 GW Offshore-Wind geliefert haben.

Die Rückkehr zu unserer Kernbeteiligungsstruktur bedeutet, dass wir in den nächsten zehn Jahren ein erhebliches Wachstum und Renditen für die Aktionäre erzielen werden."

Informationen zu Mainstream Renewable Power

Mainstream Renewable Power ist der weltweit führende Bauträger von Windenergie- und Solarkraftwerken in wachstumsstarken Märkten im Hochleistungsbereich.  

Das Unternehmen konzentriert sich darauf, ein hochwertiges Portfolio im Umfang von mehr als 10,5 Gigawatt durch Wind- und Solaranlagen in Lateinamerika, Afrika und im asiatisch-pazifischen Raum bereitzustellen.

Weltweit hat das Unternehmen Wind- und Solaranlagen, die mehr als 800 MW produzieren, in den kommerziellen Betrieb gebracht und baut derzeit weitere Anlagen für 707 MW.

In Chile besitzt Mainstream vollständig von Auftragnehmern geführte Wind- und Solaranlagen, die 1,3 GW Strom produzieren und ab 2021 in den kommerziellen Betrieb gehen sollen.

Mainstream ist weltweit führend in der Entwicklung von Offshore-Windparks. In Großbritannien hat das Unternehmen 4,5 GW Offshore-Windprojekte vom ersten Konzept über die Genehmigung bis zur baureifen Phase erfolgreich entwickelt. Dazu gehören der weltweit größte Offshore-Windpark, die Projekte Hornsea 1 und Hornsea 2, die derzeit in Großbritannien gebaut werden.

Das 800-MW-Offshore-Windprojekt Phu Cuong Soc Trang von Mainstream ist das größte Projekt erneuerbarer Energien in Südostasien, während das Unternehmen kürzlich auch für das erste Offshore-Windenergieprojekt Indiens, den 1.000-MW-Offshore-Windtender Gujarat, vorqualifiziert wurde. Darüber hinaus hat das Unternehmen zwei Windparks auf den Philippinen in der Entwicklung.

Mainstream hat bisher Projektfinanzierungen von mehr als 1,8 Milliarden Euro erlangt und beschäftigt 200 Mitarbeiter auf vier Kontinenten.

www.mainstreamrp.com

Pressekontakt:

Emmet Curley, Head of Communications & Positioning
Tel: +353-86-2411-690
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jack Holden, FTI Consulting
Tel:  +44(+44) 020-3727
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Related Links

https://www.mainstreamrp.com/

SOURCE Mainstream Renewable Power

Read more: Mainstream Renewable Power: Geprüfte...

NEW YORK, May 21, 2019 /PRNewswire/ -- Key drivers for the steel-strengthening metal vanadium continue to point towards increased demand for the foreseeable future. A new research report evaluating recent trends and growth opportunities projects the global vanadium market size to exceed 100kilotons by the end of 2025, growing at a CAGR of 5%. In anticipation of the metal's continued rising demand, several projects are underway from vanadium companies including Delrey Metals Corp (OTC:DLRYF) (CSE:DLRY), Largo Resources (OTC:LGORF) (TSX:LGO), Victory Metals (OTC:VKMTF) (TSX.V:VMX), Bushveld Minerals Limited (OTC:BSHVF), and Prophecy Development (OTC:PRPCF) (TSX:PCY).

According to another recently published report from Acumen Research and Consulting, the overall vanadium market size is expected to be worth approximately US$ 56 billion by 2026 — giving plenty of time for the development of new projects such as the notably large Four Corners project in Newfoundland dubbed to be "one of the largest easily accessible vanadium projects in North America".

The 5,157-hectare property is being developed by Delrey Metals Corp (OTCPK:DLRYF) (CSE:DLRY), who, through exhaustive research for private vanadium assets with the right ingredients for production potential, came across this advanced stage exploration project. Perhaps, more importantly, positive studies and reports from over 4000 meters of drilling and over $2.3mm spent, show the potential for 16km of vanadium - iron - titanium mineralization on the property.

Four Corners is one of the multiple up-and-coming projects from around the world, including other North American projects, such as the two Nevada projects: Gibellini Vanadium Project developed by Largo Resources, and the Iron Point Vanadium Project from Victory Metals.

Across the ocean in South Africa, Bushveld Minerals has been accumulating several vanadium production assets in the country, including Vanchem Vanadium Products, and South African Japan Vanadium (a ferrovanadium production business).

Meanwhile, in Bahia State, Brazil, Largo Resources is coming off a record-breaking 2018 at its Maracás Menchen Mine. Having successfully ramped up its vanadium operations since 2014, Largo reported revenues of CAD$521.4 million — a 211% increase, year over year.

Much of the growth in vanadium's demand is attributed to higher demand in the steel industry, particularly in new stringent Chinese rebar standards. However, there has also been a major increase in the development of vanadium redox flow batteries (VRB's) for large scale storage of wind and solar generated energy.

Adroit Market Research points to astounding growth in the VRB market. A recent forecast by the analytics company pegged VRB market growth at 59.7% CAGR to eventually hit US $1.11 billion by 2025.

Potential New Vanadium to Come from North America

In 2012, ahead of the most recent vanadium price surge, global firm SRK Consulting initiated work on Delrey Metals Corp's (DLRYF-DLRY) Four Corners project located in western Newfoundland.

SRK's initial metallurgical results yielded an impressive >90% Vanadium Pentoxide and >80% Titanium Dioxide recovery. The potential of the project is enhanced when combined with historic work that the private property vendors estimated could potentially contain up to 2.37 billion tonnes of vanadium-bearing titaniferous magnetite from one of the five zones. It is important to note this work is preliminary and needs to be expanded on and confirmed to bring it into 43-101 guidelines and used for reference only, but it gives Delrey a solid footing to begin work from. Further historic work on the property shows a mineralized strike length of 16km with two highways and power lines intersecting the property, and a nearby commercial town and deepwater port allowing for easy exploration and development.

Historic select surface sampling across the mineralized zone assayed >40% Iron, 5% Titanium, and 0.30% Vanadium Pentoxide with individual assays returning as high as 56.92% Iron, 15.13% Titanium, and 0.39% Vanadium Pentoxide.

Delrey just announced the signing of a definitive agreement for the option to earn 80% of the Four Corners Project and still has a market cap of around $6mm CDN. Considering the ample work on the Four Corners project and it's potential, and the historic showings and recent confirmation of this on their BC vanadium - iron - titanium projects, the story should be well received by investors as news is released.

"This latest acquisition provides further exposure for Delrey and its shareholders within the battery metals sector, which is driving the global change in energy storage," said Delrey's President and CEO, Morgan Good in the latest press release. "We're excited to be in a strong position with the Four Corners Project acquisition in a favorable jurisdiction like Newfoundland and Labrador, as the potential size and scale of this asset are remarkable."

Further International Vanadium Developments

Much of the recent excitement in the vanadium has come from Largo Resources (OTCQX:LGORF) (TSX:LGO). The heightened production from the Maracás Menchen Mine in Brazil has been quite impressive, as the company has focused its efforts completely on the production of vanadium flake, high-purity vanadium flake, and high-purity vanadium powder. The company's CAD$521.4 million was a record breaker, putting forth an impressive 211% year over year increase.

Looking to become a large-scale battery storage contender, Bushveld Minerals (OTC:BSHVF) recently doubled down to significantly increase its vanadium production. Following the completion of a series of South African deals, the low-cost integrated miner added the Vametco vanadium mine and processing plant which is currently in phase 2, to complement its own energy storage subsidiary that's part of its strategy to develop deeply its deeply integrated vanadium business.

Back in April, Victory Metals (OTCPK:VKMTF) (TSX.V:VMX) demonstrated >90% vanadium recovery at its Iron Point Project in Nevada, using a hydrometallurgical leach process. Utilizing test work conducted by McClelland Laboratories demonstrated recoveries up to 94.3% vanadium recovery within 8-hour leach times.

Following a meeting with regulators in late April, Prophecy Development (OTCQX:PRPCF) (TSX:PCY) estimates Q1 2020 as the target date for publication of the Notice of Intent ("NOI") to prepare an Environment Impact Statement ("EIS") in the Federal Register for its Gibellini Vanadium Project in Nevada. Based on this timeline, Prophecy plans to start mine construction in 2021, and begin vanadium production by Q4 2022.

For a FREE research report on Delrey Metals Corp (OTCPK:DLRYF) (CSE:DLRY), visit www.microsmallcap.com 

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SOURCE Microsmallcap.com

Read more: Growing High Strength Steel Sector Set to Surge...

At the Electric Vehicles Symposium 32 (EVS32), one of the world's largest events in the electric mobility sector, the Auvergne-Rhône-Alpes regional council, Michelin and ENGIE groups, the Banque des Territoires and the Crédit Agricole formalised their commitment to Hympulsion, the project company tasked with deploying the largest renewable hydrogen-driven mobility project in France: Zero Emission Valley.

Auvergne-Rhône-Alpes and the Banque des Territoires have acquired a 49% stake in Hympulsion as part of a unique public-partnership, while the Michelin Group, ENGIE and the Crédit Agricole together own a 51% stake in it.

Hympulsion is now operational and will help speed up deployment of Zero Emission Valley – France's first renewable hydrogen-driven mobility project for professional captive fleets (1000 vehicles and 20 stations). Co-financed by European funds, this project provides vehicles and renewable hydrogen at an overall cost that is on a par with diesel.

The first stone of the Chambéry station will be laid in June with ; general opening is scheduled in the final quarter of 2019. A temporary station will be opened in Clermont-Ferrand at the end of August 2019. Then, future stations will be opened across ten areas, including Lyon, Grenoble and Saint-Etienne. Meanwhile, subsidies will be awarded both by Auvergne-Rhône-Alpes and the European Union to cover the purchase of the one thousand vehicles. Hympulsion has already been awarded at the Assises Européennes de l’Energie (European energy conference) and its finance application is being managed by the ADEME (France’s energy management agency) within the framework of the “H2 mobility – hydrogen mobility ecosystems” call for tenders.

The solution is designed to meet three challenges: environmental, industrial and economic

  • Environmental, since renewable hydrogen-driven mobility will improve air quality over the nine priority areas.
  • Industrial, since 80% of the hydrogen sector stakeholders are in Auvergne-Rhône-Alpes; developing hydrogen-driven mobility will give momentum to this premium sector and help ensure its longevity. The challenge is to produce hydrogen systems on a high scale that meet zero-carbon requirements and to develop hydrogen-powered vehicles at costs that are on a par with diesel.
  • Economic, since not only will the project generate jobs in the Auvergne Rhône-Alpes… it will also enable regional training centres to provide young people with support in accessing the clean-mobility jobs of the future and securing employment in the zero-carbon industry.

Hydrogen-driven mobility across the city, territory, nation and continent

Thanks to its sheer scale, this project alone will provide 25% of the vehicles announced in the national hydrogen plan by 2023.

Three dedicated partners

For Laurent Wauquiez, President of Auvergne-Rhône-Alpes, “The dynamic nature of the sector in our territory and the powerful synergies of Hympulsion with the public and private sectors will turn Auvergne-Rhône-Alpes into France’s leading hydrogen area. We will become the catalyst for the introduction of this new technology in Europe. With Zero Emission Valley, we will be able to prove that taking up climate change challenges will boost job creation.”

“Michelin is absolutely certain that hydrogen-driven mobility is the best solution for taking up these three challenges: reducing pollution, reducing greenhouse gases and facilitating the energy transition. For more than 15 years, we have been developing our research and development expertise and have been industrialising hydrogen batteries. We have entered into a number of ambitious partnerships across the Auvergne-Rhône-Alpes region in particular. Our involvement in the ZEV project is obviously a strategic benefit for Michelin", says Florent Menegaux, CEO of Michelin.

ENGIE, which is certain that renewable hydrogen is the missing link along the path towards a decarbonised energy system, has taken up a position at the forefront of the energy revolution to speed up the emergence of a decentralised, decarbonised and digitised system in which renewable energies will play a key role. "The ZEV project in Auvergne-Rhône-Alpes is evidence of ENGIE’s concrete commitment to helping cities, regions and companies across the world in their zero-carbon energy transitions. As an ambitious forerunner, we are working very closely alongside all public and private partners to turn completely renewable hydrogen into a reality that everybody can take advantage of”, says Franck Bruel, ENGIE's deputy CEO.

Read more: Zero Emission Valley

NEW YORK, May 20, 2019 /PRNewswire/ --

This report analyzes the worldwide markets for Ocean Energy in Kilowatts by the following Technology Segments: Wave Energy, and Others.

Read the full report: https://www.reportlinker.com/p05478520/?utm_source=PRN

The report provides separate comprehensive analytics for the US, Canada, Japan Europe, and Rest of World.

Annual estimates and forecasts are provided for the period 2015 through 2022. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs.

The report profiles 61 companies including many key and niche players such as:
- Able Technologies, L.L.C
- Albatern Ltd.
- Applied Technologies Company, Ltd.
- AquaGen Technologies
- Aqua-Magnetics Inc.
- Atargis Energy Corporation

Read the full report: https://www.reportlinker.com/p05478520/?utm_source=PRN

OCEAN ENERGY MCP-6
MARKET ANALYSIS, TRENDS, AND FORECASTS, MAY 2
CONTENTS

1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

2. INDUSTRY OVERVIEW

Ocean Energy: Harnessing the Sheer Potential of Oceans & Seas for Meeting Future Energy Needs
Table 1: Theoretical Potential of Wave Energy by Geographic Region (includes corresponding Graph/Chart)
Table 2: Worldwide Major Locations with Mean Tidal Range >
Meters (includes corresponding Graph/Chart)
Table 3: Major Resources of Osmotic Energy Worldwide (includes corresponding Graph/Chart)
Important Factors Influencing the Global Ocean Energy Market
Growing Environmental Concerns
Increasing Regulations
Rising Electricity Consumption & Energy Prices
Shift to Renewable Sources of Energy: An Inevitable Reality
Table 4: Global Renewable Power Capacity (2017): Percentage Share Breakdown by Technology for Bio-power, Concentrating Solar Thermal Power, Geothermal Power, Hydropower, Ocean Power, Solar PV, and Wind Power (includes corresponding Graph/Chart)
Huge Untapped Kinetic Energy Potential of Oceans: A Fundamental Growth Driver
Fast Facts
Growth Drivers in a Nutshell
Key Market Inhibitors
Government Intervention Critical for Commercial Success of Ocean Energy
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
Technology Commercialization: Need of the Hour
Ocean Energy - A Review of Current Scenario
Global Market Outlook
Europe Leads the Global Ocean Energy Market
Europe: Focal Point for Ocean Energy Technologies R&D
Asia-Pacific: Frontrunner in Tidal Barrage Power Plants


3. MARKET TRENDS, ISSUES & DRIVERS

Growing Number of Wave Energy Projects Worldwide Drives Strong Market Growth
Major Wave Energy Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Development Stage
Table 5: Select Wave Power Stations Worldwide
Tidal Energy Gains Momentum
MeyGen - A Multi-Turbine Tidal Stream Project in Scotland
Tidal Energy Projects Worldwide
Major Tidal Projects (Existing & Proposed) Worldwide
Tidal Stream Projects Lends Traction to Market Growth
Tidal Range Projects to Face Challenges
Ocean Thermal Energy Conversion (OTEC) - A Niche Segment
OTEC Project on the South Pacific Ocean Obtains Bureau Veritas Approval
Other FOWT Projects
Major FOWT Projects Worldwide: Project Proponent, Technology, Location, Capacity (MW) and Development Stage
Rising Investments in Renewable Energy Sources Benefit Market Expansion
Table 6: Global New Investments (US$ Billion) in Renewable Energy by Source: 2005 & 2017 (includes corresponding Graph/Chart)
Superior Attributes of Tidal Energy Attract New Developers, Benefits Market Adoption
Horizontal Axis Turbines Grab Lion's Share of Tidal Energy Devices
Tidal Energy: Abundant Resources despite Technology Barriers
Despite Dominance of Tidal Energy, Wave Energy Garner Growing Attention and Investments
Small Islands Provide Big Push for Ocean Thermal Energy Conversion Plants
Surveys to Play a Vital Role in Project Developments
Robust Electric Power Consumption Drives the Need for Alternative Energy Sources
Table 7: Projected Global Demand for Primary Energy (Mtoe) and Electricity (MWh): 2015, 2020, 2025, 2030 & 2
(includes corresponding Graph/Chart)
Table 8: Global Delivered Energy Consumption (quadrillion Btu) by End-use Sector (2012, 2020, 2025, 2030, and 2035) (includes corresponding Graph/Chart)
Burgeoning Global Population Propels Demand for Electric Power
Table 9: Global Population Estimates (2000-2100) (includes corresponding Graph/Chart)
Key Challenges Hampering Ocean Energy Development
Financial Support and Markets
Administrative and Environmental Issues
Environmental Challenges
Administrative Issues
Social Acceptance Impediments
Availability of Grid Close to Projects
Grid Integration
Technology Advancements


4. INNOVATIONS AND ADVANCEMENTS

PLAT-O Driving Down Tidal Energy Costs
bioWAVE: The New Ocean Energy Harnessing Device Deployed off the Australian Coast
THWAT Turbine for Tidal Energy
HiWave: A Novel WEC Technology that Works on the Human Heart Blood Pumping Principle
Xenesys and Saga University to Develop OTEC Technology
Japan Houses the State-of-the-Art OTEC Center
Technology Developments to Harness Salt Power


5. CONCEPT OF OCEAN ENERGY

Ocean Energy
Ocean Energy Extraction
Mechanical Energy
Thermal Energy
Wave Energy
Availability of Wave Energy
Major Resources
Potential of Wave Power
Advantages of Wave Energy
Challenges Faced by Wave Energy Power Facilities
Technology Overview
Oscillating Water Column (OWC)
Point Absorption Devices
Attenuator
Overtopping Devices
Tidal Energy
Methods of Energy Conversion
Tidal Barrage
Tidal Streams
Potential of Tidal Power
Advantages
Inexhaustible and Highly Reliable
Less Conspicuous
Predictability
Environmental Concerns
Floating Offshore Wind Turbine (FOWT)
Ocean Thermal Energy
Salt Power
Resources


6. COMPETITIVE LANDSCAPE

Ocean Energy: A Highly Fragmented Market
Untapped Growth Potential Luring Players
Select Wave Energy Technology Developers and Devices in the US
Table 10: Global Wave Energy Devices Breakdown (%) by Application: 2017 (includes corresponding Graph/Chart)
Table 11: Global Wave Energy Device Breakdown (%) by Installation: 2017 (includes corresponding Graph/Chart)
Table 12: Total Number of Patents Filed for Marine Energy Technology Worldwide for the Years 2000, 2005, 2010, 2015 & 2016 (includes corresponding Graph/Chart)
6.1 Focus on Select Global Players
Able Technologies, L.L.C. (USA)
Albatern Ltd. (UK)
Applied Technologies Company, Ltd. (Russia)
AquaGen Technologies (Australia)
Aqua-Magnetics Inc. (USA)
Atargis Energy Corporation (USA)
Atlantis Resources Ltd. (UK)
BioPower Systems Pty. Ltd. (Australia)
Blue Energy Canada Inc. (Canada)
Carnegie Clean Energy Limited (Australia)
Minesto AB (Sweden)
Nova Innovation Ltd. (UK)
Ocean Power Technologies Inc. (USA)
Ocean Renewable Power Company, LLC (USA)
OpenHydro Group Limited (Ireland)
Scotrenewables Tidal Power Ltd. (Scotland)
Tocardo International BV (Netherlands)
Verdant Power, Inc. (USA)
6.2 Product Launches
Scotrenewables Tidal Power Unveils 2MW SR2000 Tidal Turbine
Kepler Energy Develops Transverse Horizontal Axis Water Turbine (THAWT) Technology
Makai Ocean Engineering Unveils OTEC Power Plant
6.3 Recent Industry Activity
Atlantis Signs MoU with Xodus
Atlantis Collaborates with LM Nagasaki University
Atlantis to Divest Stake in Atlantis Operations Canada
Minesto Completes First Offshore Installation Phase
Seabased to Build Two 20-MW Wave Power Plants in the Caribbean
DCNS Announces the Formation of DCNS Energies
Wärtsilä Inks Global Co-Operation Agreement with AW-Energy
Subsea 7 Collaborates with Flumill
Tribute Resources to Acquire Outstanding Share of Tocardo International
TenneT Enters into a Grid Connection Agreement with DONG Energy
Atlantis Signs Strategic Partnership Agreement with Hyundai Engineering & Construction
Ocean Thermal Energy Completes Reverse Merger with TetriDyn Solutions
Ocean Power Technologies Inks Lease Agreement with Mitsui Engineering and Shipbuilding
Carnegie Clean Energy Wins $15.7 Million State-Government Grant
Scotrenewables Tidal Power Deploys SR2000 Floating Tidal Turbine for Testing at the EMEC
Atlantis Resources Inks Preferred Supplier Agreement with SBS International
DCNS Energies Signs LOI with PT AIR
Ormat Technologies Acquires Viridity Energy
TU Delft Inks Agreement with Japan
Nine Companies Join Forces to Form Australian Marine Energy Taskforce
General Electric Suspends Oceade Tidal Energy Turbine Development
MacArtney Underwater Technology Acquires Majority Holding in ASME
Atlantis Acquires Scottish Tidal Project Assets from ScottishPower Renewables
Tribute Resources Takes Over Stake in Tocardo International
Atlantis' MeyGen Project Inks Agreement with Lochend Wind Energy
Atlantis Resources Enters into a MoU with SBS Intl
PT AIR and OpenHydro Signs MoU
Carnegie Wave Energy signs a Deal with Energy Made Clean
Verdant Power and Belleville Duggan Renewables to Form Verdant Isles
Carnegie Wave Energy to Develop Biggest Wave Energy Project in the UK
Carnegie Wave Energy to Construct Renewable Energy Microgrid
Carnegie Wave Energy Signs MoU with Lanka Energy Conservation
OpenHydro to Supply Tidal Turbine System for Japan
Atlantis Commences the MeyGen Project
Sotenäs Wave Power Plant Starts Generating Electric Power to Nordic Electricity Grid
KRISO Receives Bureau Veritas Approval for Ocean Thermal Energy Converter Project
Tocardo to Deploy T2 Bi-Directional Turbines in the Minas Passage
Tocardo to Install Eight T2 Turbines at EMEC's Grid-Connected Tidal Test Site
Carnegie Wave Energy Bags Grant from European Regional Development Fund
US DOE to Offer US$ 40 Million for Wave Energy Test Facility
EIB to Invest €10 Million in AW-Energy
Thane Municipal Corporation to Establish a Tidal Energy Plant
Karnataka Government Strikes a Deal with Tar Kovacs Systems
Carnegie Wave Energy to Rename as Carnegie Clean Energy
Ocean Power Technologies Changes PowerBuoy Device Name to PB3
GE Acquires Alstom's Power and Grid Businesses
Atlantis Acquires Marine Current Turbines from Siemens
British Columbia and Nova Scotia Enters into a Partnership
SABELLA, and H and WB Asia Pacific Sign Memorandum of Agreement
Alstom Selects Moventas as Sole Gearbox Development Partner
European Marine Energy Centre and FloWave Ocean Energy Enter into Collaboration
WERPO Signs Partnership Agreement with ACEP
Tocardo Tidal Turbines and Huisman Install Tidal Turbines in Eastern Scheldt Storm Surge Barrier
SCHOTTEL HYDRO to Supply Variable Pitch Hub for MeyGen Tidal Energy Project
Swedish Energy Agency Grants €2 Million to Corpower Ocean
Indian Navy to Establish OTEC Project in Andaman and Nicobar Islands
Apple to Invest £1 Million in Irish Wave Energy Project
Seabased Industry Installs First Wave Power Plant in Ghana
NEDO Selects IHI and Toshiba for Tidal Energy Turbine System
Atlantis Receives Approval for MeyGen tidal project in Scotland


7. GLOBAL MARKET PERSPECTIVE

Table 13: World Recent Past, Current & Future Analysis for Ocean Energy by Geographic Region - US, Canada, Japan, Europe and Rest of World Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2
(includes corresponding Graph/Chart)
Table 14: World 5-Year Perspective for Ocean Energy by Geographic Region - Percentage Breakdown of Installed Capacity for US, Canada, Japan, Europe and Rest of World Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
Table 15: World Recent Past, Current & Future Analysis for Wave Energy Technology by Geographic Region - US, Canada, Japan, Europe and Rest of World Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 16: World 5-Year Perspective for Wave Energy Technology by Geographic Region - Percentage Breakdown of Installed Capacity for US, Canada, Japan, Europe and Rest of World Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
Table 17: World Recent Past, Current & Future Analysis for Other Ocean Energy Technologies by Geographic Region - US, Canada, Japan, Europe and Rest of World Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2
through 2022 (includes corresponding Graph/Chart)
Table 18: World 5-Year Perspective for Other Ocean Energy Technologies by Geographic Region - Percentage Breakdown of Installed Capacity for US, Canada, Japan, Europe and Rest of World Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)


8. REGIONAL MARKET PERSPECTIVE


8.1 The United States
A.Market Analysis
Vast Shoreline and Favorable Regulations Drive Strong Market Growth
Major Wave Energy and FOWT Projects in the US: Project Proponent, Technology, Location, Capacity (MW) and Development Stage
Huge Potential for Power Generation Drive Federal Government Funding in Ocean Energy
Table 19: US Ocean Energy Market by Technology (2008-2017): Percentage Share Breakdown of Total Funding for Wave, Crosscutting, Tidal and Current, and OTEC (includes corresponding Graph/Chart)
US Open Sea Test Sites
Hawaii Powering the US Ocean Energy Market
Wave Energy
Table 20: Potential Wave Energy Available and Recoverable Fraction by State and Region: 2016 (includes corresponding Graph/Chart)
Ocean Thermal Energy
The WETS Location in Hawaii: A Major Testing Location
B.Market Analytics
Table 21: US Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 22: US 5-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
8.2 Canada
A.Market Analysis
Canada: A Key Proponent of Ocean Energy Worldwide with Significant Market Potential
Provinces with Potential Tidal Stream Energy
Provinces with Potential Wave Energy
Major Marine Research Centers
Major Tidal Stream and Wave Energy Projects in Canada: Project Proponent, Technology, Location, Capacity (MW) and Launch Year
Canada Reinforces its Position in Tidal and Wave Energy Sector
Canadian Open Sea Test Sites
Major Developments in the Canadian Ocean Energy Terrain
Canada to Tap Tidal Power Generation Capacity in Bay of Fundy
B.Market Analytics
Table 23: Canadian Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 24: Canadian 5-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
8.3 Japan
A.Market Analysis
Japan Offers Significant Opportunities in Marine Energy Generation
Potential Opportunities
Government Funding Promotes Tidal Technology Development
Nagasaki to Emerge as Hub for Ocean Energy
Development of Ocean Energy Gains Traction in Japan Following the Natural Disaster
Major Tidal Stream and Wave Energy Projects in Japan: Project Proponent, Technology, Capacity (MW), Location and Development Stage
Major Other Ocean Energy Projects in Japan: Project Proponent, Technology, Location, Capacity (MW) and Development Stage
B.Market Analytics
Table 25: Japanese Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 26: Japanese 5-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
8.4 Europe
A.Market Analysis
Europe Moves Ahead to Tap Tidal and Wave Energy
Major Tidal and Wave Energy Projects in Europe
Ocean Energy Capacity to Grow Substantially
Myriad Benefits of Ocean Energy Promote Sustainable Energy Development
Mitigates Carbon Emissions and Climate Change
Supports Grid Stability and Lowers Systems Cost
Benefits Associated Sectors
Reduces Dependence on Diesel Generation
Supports Economy
European Policy for Ocean Energy
Industry and EU Funds Support Ocean Energy RD&D Efforts
Ocean Energy to Gather More Steam with Public Support
Major Policy Initiatives Aid in Commercialization of Ocean Energy Technologies
Pre-commercial Projects Under NER300 Programme
EIB to Support Innovative Pioneering Demonstration Projects
B.Market Analytics
Table 27: European Recent Past, Current & Future Analysis for Ocean Energy by Geographic Region - France, UK, Spain, Portugal and Rest of Europe Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 28: European 5-Year Perspective for Ocean Energy by Geographic Region - Percentage Breakdown of Installed Capacity for France, UK, Spain, Portugal and Rest of Europe Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
Table 29: European Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 30: European 5-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
8.4.1 France
A.Market Analysis
Major Tidal Stream and Wave Energy Projects in France: Project Proponent, Technology, Location, and Capacity (MW)
France Announces Major Plans to Harness Ocean Energy
French Open Sea Test Sites
French Government Supports Tidal Energy Projects
B.Market Analytics
Table 31: French Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 32: French 5-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
8.4.2 The United Kingdom
A.Market Analysis
The UK Set to Take Center Stage in European Wave Energy Market
The UK to Replace France as the Leading Ocean Energy Market in Europe
New Project to Support Ocean Energy
The UK Scouring Depths of Ocean for Power
UK Open Sea Test Sites
Rising Investments in Tidal Energy Projects Benefits Country's Ocean Energy Sector
Scotts and Irish Collaborate on Ocean Energy
Despite Brexit, British Ocean Energy Market Firmly on the Growth Trajectory
Brexit Not Casting Gloom over Committed Investments
Consistent Funding Despite Political Uncertainties
Major Challenges to Surmount for the UK Ocean Energy Market
Commercialization
Reduced Production Costs
Stability and Continuity in Policies
Contracts for Difference
Industry and Government Collaboration: Need of the Hour
B.Market Analytics
Table 33: UK Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 34: UK 5-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
8.4.3 Spain
A.Market Analysis
Spanish Open Sea Test Sites
B.Market Analytics
Table 35: Spanish Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
8.4.4 Portugal
Market Analysis
Table 36: Portuguese Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 37: Portuguese 5-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
8.4.5 Rest of Europe
A.Market Analysis
Open Sea Test Sites
Overview of Select Countries
Netherlands
Tocardo Announces Various Tidal Projects
Norway
Major Tidal and Wave Energy Projects in Norway: Project Proponent, Technology, Capacity (MW) and Development Stage
B.Market Analytics
Table 38: Rest of Europe Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 39: Rest of Europe 5-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)
8.5 Rest of World
A.Market Analysis
Asia-Pacific
Tidal Power Closing Gap with Solar and Wind Energy
Pacific Islands to Ride on Ocean Wave Energy
Vast Potential in the Pacific Waters
Slow Rate of Technological Advancements Hampering Progress
Many Challenges to Surmount Before Success
British Firms Keen to Tap Rich Ocean Energy Potential of Filipino Waters
Select Regional Markets
Australia
Table 40: Power Generation from Ocean Energy Plants in Australia: Breakdown of Investment, and Operation & Maintenance Costs for the Years 2015, 2020, 2030, 2040 & 2050 (includes corresponding Graph/Chart)
Major Ocean Energy Projects in Australia: Project Proponent, Description, Location, and Development Stage
Australia Funds Project to Understand and Unlock Potential of Tidal Energy
China
Major Ocean Energy Projects in China: Project Proponent, Location, Capacity (MW) and Year of Operation
Chinese Open Sea Test Sites
Technology Advancements in Tidal Power Harnessing
India
India Marches Ahead to Harness Ocean Renewable Energy
Indonesia
Major Ocean Energy Projects in Indonesia: Project Proponent, Technology, Capacity (MW), and Location
South Korea
Major Wave and Tidal Energy Projects in South Korea: Project Proponent, Technology, Capacity (MW) and Project Period
Major OTEC, Salinity Gradient & Other Ocean Energy R&D Projects in South Korea: Project Proponent, Technology, and Project Period
South Korean Open Sea Test Sites
Philippines
Major Ocean Energy Projects in the Philippines: Project Proponent, Technology, Capacity (MW) and Location
B.Market Analytics
Table 41: Rest of World Recent Past, Current & Future Analysis for Ocean Energy by Technology - Wave and Other Ocean Energy Technologies Markets Independently Analyzed with Installed Capacity in Kilowatts for Years 2015 through 2022 (includes corresponding Graph/Chart)
Table 42: Rest of World 5-Year Perspective for Ocean Energy by Technology - Percentage Breakdown of Installed Capacity for Wave and Other Ocean Energy Technologies Markets for Years 2018 & 2022 (includes corresponding Graph/Chart)


9. COMPANY PROFILES

Total Companies Profiled: 61 (including Divisions/Subsidiaries - 61) The United States (10) Canada (4) Europe (39) - France (2) - Germany (2) - The United Kingdom (17) - Spain (1) - Rest of Europe (17) Asia-Pacific (Excluding Japan) (7) Middle East (1)
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Read more: Global Ocean Energy Industry

IRVINE, Calif.--(BUSINESS WIRE)--For the first time, KB Home (NYSE: KBH) is offering homebuyers the opportunity to purchase components of the integrated health and wellness and smart home technologies debuted at their concept home of the future, KB Home ProjeKt: Where Tomorrow Lives. ProjeKt was unveiled earlier this year in conjunction with the Consumer Electronics Show® (CES) in Las Vegas and certain features are now available at KB Home’s latest community in Irvine, Genoa at Orchard Hills.

The homes at the new community offer optional energy independence and innovative technologies from Delos’ DARWIN™ Home Wellness Intelligence network, high-efficiency SunPower® solar, and the Powerwall energy storage and management system provided by Swell Energy.

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“The KB homes available at Genoa at Orchard Hills offer our customers smart solutions for energy independence while supporting personal wellness for homeowners and their families,” said Steve Ruffner, regional general manager for KB Home. “Buyers are seeking homes that deliver on energy efficiency and promote healthier home environments. This new smart home delivers on that.”

Every KB home at Genoa is designed to meet U.S. Environmental Protection Agency (EPA) Indoor airPLUS qualification standards to provide a home environment that is cleaner, quieter, healthier, more efficient and better performing compared to typical new and resale homes in the area. In addition, Genoa offers homebuyers the option to integrate Delos’ state-of-the-art DARWIN Home Wellness Intelligence network, a powerful responsive platform that passively monitors and calibrates the home environment to help support health, performance and well-being.

KB Home is the first U.S. production homebuilder to offer this innovative home wellness technology, which comprises a proprietary sensor-monitoring platform and solutions across air filtration, water purification and restorative lighting. DARWIN can be controlled from a smartphone app, stand-alone tablet or Google Assistant, offering the freedom to control and access wellness intelligence throughout the home.

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These KB homes also offer the option to expand to an electricity-independent home with a larger solar power system and energy storage unit that has built-in intelligence to provide the home with its energy needs at night or when demand is more than what the solar system can provide. These options can potentially keep a home’s electricity bills and carbon footprint near zero.

Prospective homebuyers who visit Genoa at Orchard Hills can experience the integrated KB Smart Home System and other innovative technologies firsthand. KB Home plans to construct 110 homes in three distinct two-story floor plans that range in size from 3,550 to 3,950 square feet. These modern KB homes include up to five bedrooms and four-and-a-half baths and feature desirable design characteristics like downstairs bedroom suites, sleek gourmet kitchens, elegant master suites, lofts and a private yard, ideal for entertaining. Pricing begins at $1.7 million.

Genoa at Orchard Hills model homes and sales center is located at 57 Suede in Irvine, Calif. From I-5 or I-405, exit Culver Dr. heading east. Turn left on Furrow, right on Woody Knoll, left on Fallen Branch, left on Ruby Hill and left on Suede. The sales center is open, Mondays, 1–6 p.m., and Tuesdays–Sundays, 10 a.m.–6 p.m. For more information about Genoa at Orchard Hills or KB Home’s other new-home neighborhoods, visit www.kbhome.com or call 888-KB-HOMES.

About KB Home

KB Home (NYSE: KBH) is one of the largest homebuilders in the United States, with more than 600,000 homes delivered since our founding in 1957. We operate in 38 markets in eight states, primarily serving first-time and first move-up homebuyers, as well as second move-up and active adults. We are differentiated in offering customers the ability to personalize what they value most in their home, from choosing their lot, floor plan, and exterior, to selecting design and décor choices in our KB Home Studios. In addition, our industry leadership in sustainability helps to lower the cost of homeownership for our buyers compared to a typical resale home. We take a broad approach to sustainability, encompassing energy efficiency, water conservation, healthier indoor environments, smart home capabilities and waste reduction. KB Home is the first national builder to have earned awards under all of the U.S. EPA’s homebuilder programs — ENERGY STAR®, WaterSense® and Indoor airPLUS®. We invite you to learn more about KB Home by visiting www.kbhome.com, calling 888-KB-HOMES, or connecting with us on Facebook.com/KBHome or Twitter.com/KBHome.

Read more: KB Home Debuts State-of-the-Art Smart Home and...

SHIHEZI, China, May 21, 2019 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced its unaudited financial results for the first quarter of 2019.

First Quarter 2019 Financial and Operating Highlights

  • Polysilicon production volume of 8,764 MT in Q1 2019, compared to 7,301 MT in Q4 2018
  • Polysilicon external sales volume of 8,450 MT in Q1 2019, compared to 7,030 MT in Q4 2018
  • Polysilicon average total production cost(1) of $7.42 /kg in Q1 2019, compared to $7.94/kg in Q4 2018
  • Polysilicon average cash cost(1) of $6.20/kg in Q1 2019, compared to $6.64/kg in Q4 2018
  • Polysilicon average selling price (ASP) was $9.55/kg in Q1 2019, compared to $9.69/kg in Q4 2018
  • Revenue from continuing operations was $81.2 million in Q1 2019, compared to $75.6 million in Q4 2018
  • Gross profit from continuing operations was $18.3 million in Q1 2019, compared to $16.9 million in Q4 2018. Gross margin from continuing operations was 22.6% in Q1 2019, compared to 22.4% in Q4 2018
  • EBITDA (non-GAAP)(2) from continuing operations was $20.0 million in Q1 2019, compared to $29.5 million in Q4 2018
  • EBITDA margin (non-GAAP)(2) from continuing operations was 24.6% in Q1 2019, compared to 39.1% in Q4 2018
  • Adjusted net income (non-GAAP)(2) attributable to Daqo New Energy shareholders was $11.1 million in Q1 2019, compared to $15.7 million in Q4 2018 and $32.9 million in Q1 2018
  • Adjusted earnings per basic American Depository Share (ADS) (non-GAAP)(2) of $0.83 in Q1 2019, compared to $1.18 in Q4 2018, and $3.03 in Q1 2018
  • Net income from continuing operations was $5.9 million in Q1 2019, compared to $17.1 million in Q4 2018 and $29.9 million in Q1 2018
  • Net income from discontinued operations was $0.8 million in Q1 2019, compared to net loss from discontinued operations of $5.7 million in Q4 2018 and net income from discontinued operations of $2.1 million in Q1 2018
  • Net income attributable to Daqo New Energy shareholders was $6.6 million in Q1 2019, compared to $11.4 million in Q4 2018 and $31.6 million in Q1 2018.
  • Earnings per basic ADS was $0.50 in Q1 2019, compared to $0.86 in Q4 2018, and $2.91 in Q1 2018

Three months ended

US$ millions

except as indicated otherwise

Mar 31, 2019

Dec 31, 2018

Mar 31, 2018

Revenues

81.2

75.6

95.6

Gross profit

18.3

16.9

43.1

Gross margin

22.6%

22.4%

45.0%

Operating income

9.2

20.3

39.2

Net income from continuing operations

5.9

17.1

29.9

Income (loss) from discontinued operations, net
of tax

0.8

(5.7)

2.1

Net income attributable to Daqo New Energy
Corp. shareholders

6.6

11.4

31.6

Earnings per basic ADS ($ per ADS)

0.50

0.86

2.91

Adjusted net income (non-GAAP)(2) attributable
to Daqo New Energy Corp. shareholders

11.1

15.7

32.9

Adjusted earnings per basic ADS (non-GAAP)(2)
($ per ADS)

0.83

1.18

3.03

EBITDA (non-GAAP)(2) from continuing
operations

20.0

29.5

48.6

EBITDA margin (non-GAAP) (2) from continuing
operations

24.6%

39.1%

50.8%

Polysilicon sales volume (MT) 

8,450

7,030

5,411

Polysilicon average total production cost
($/kg)(1)

7.42

7.94

9.19

Polysilicon average cash cost (excl. dep'n)
($/kg)(1)

6.20

6.64

7.53

Notes:

(1) Production cost and cash cost only refer to production in our Xinjiang polysilicon facilities. Production cost is calculated by the inventoriable costs relating to production of polysilicon in Xinjiang divided by the production volume in the period indicated. Cash cost is calculated by the inventoriable costs relating to production of polysilicon excluding depreciation expense in Xinjiang, divided by the production volume in the period indicated.

(2) Daqo New Energy provides EBITDA from continuing operations, EBITDA margin from continuing operations adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per ADS on a non-GAAP basis to provide supplemental information regarding its financial performance. For more information on these non-GAAP financial measures, please see the section captioned "Use of Non-GAAP Financial Measures" and the tables captioned "Reconciliation of non-GAAP financial measures to comparable US GAAP measures" set forth at the end of this press release.

Management Remarks

"We are very pleased to report solid operational and financial performance for the first quarter of 2019, during which we achieved record-high production and sales volumes, as well as our most competitive cost structure," commented Mr. Longgen Zhang, CEO of Daqo New Energy. "During the quarter, our polysilicon facilities were running at full capacity and produced 8,764 MT and sold 8,450 MT of polysilicon. We were also able to successfully reduce our total production cost and cash cost to $7.42/kg and $6.20/kg, respectively, our lowest ever."

"We are currently undertaking a capacity debottlenecking project to gradually upgrade several older CVD furnaces with improved technology, allowing us to increase production capacity by additional 5,000 MT. This project is progressing well and we expect to complete the project ahead of schedule in early June 2019. The ramp-up process of this debottlenecking project will temporarily impact production volumes and cost and as a result we expect to produce approximately 7,200 to 7,400 MT of polysilicon at total production cost of $8.0~8.5/kg during the second quarter of 2019. Once our facilities are fully ramped up in June, we anticipate our total annual production capacity will reach 35,000 MT and our production costs will return to the current level of approximately $7.5/kg." 

"Our Phase 4A project is also progressing smoothly and remains on schedule. The foundation work has been completed and the construction of various buildings and structures are progressing as planned. The initial equipment installation has already begun and is planned to continue through the third quarter of 2019. Based on our current assessment, we expect to complete Phase 4A by the end of 2019 and ramp up to full capacity of 70,000 MT by the end of the first quarter of 2020."

"China installed approximately 5.2GW of new solar PV installations during the first quarter of 2019. While installation numbers for the second quarter of 2019 haven't been released yet, we believe they will likely be even lower. Installations should significantly pickup in the second half of this year as China's solar PV policy is gradually rolled out. Grid parity projects will be the first batch to start installations and then followed by subsidized projects which will bid for the total three billion RMB of subsidy. Market consensus indicates that China will install approximately 35-40 GW in 2019, which means solar project installation volumes during the second half could potentially double or even triple those in the first half. As polysilicon is the key raw material of solar PV modules, we believe demand for polysilicon will significantly increase in the second half of 2019."

"We are optimistic about China's booming demand for solar PV in the second half of this year. Since May, the market conditions for polysilicon have shown signs of improvement as prices appear to have bottomed out. While Daqo remained solidly profitable in the first quarter with our low cost and high mix of mono-grade polysilicon products, we believe the current challenging pricing environment for polysilicon has resulted in serious financial losses for many of the existing polysilicon producers. According to news from China Silicon Industry Association, at least three major Chinese polysilicon producers have shut down their facilities for maintenance since April and May, resulting in reduced supply. In addition, the ramp-up process of other Chinese players' new capacities have not been as fast and smooth as they expected, including production delays and unscheduled shutdowns. Furthermore, these new capacities are generally unable to immediately produce high quality mono-grade polysilicon due to quality issues. This has resulted in increased pricing spread between mono-grade and multi-grade polysilicon. Looking into the future, we believe current oversupply will be alleviated by a reduction in supply from high cost players. For the second half of 2019, we anticipate the booming demand from China's domestic PV market will significantly improve the overall supply-demand situation, particularly for the tightly-supplied mono-grade polysilicon."

"We are confident to overcome the temporary market challenges with our low cost structure and first class product quality. Moreover, our Phase 4A project is expected to double our capacity and reduce our cost even further, strengthening our leading position as one of the world's most competitive polysilicon manufacturers."

Outlook and guidance

Due to the significant pricing spread between mono-grade and multi-grade polysilicon, the Company is currently maximizing the amount of mono-grade polysilicon as percentage of our total production volume to approximately 80% in April and May. In addition, the ramp up process of the Company's debottlenecking project is expected to take place ahead of schedule in early June. As such, the Company may see some impact on production volume and cost structure in the second quarter.

The Company expects to produce approximately 7,200 to 7,400 MT of polysilicon with total production cost of $8.0~8.5/kg during the second quarter of 2019 and sell approximately 7,100MT to 7,300MT of polysilicon to external customers during the second quarter of 2019. The Company expects the total production cost will come back to normal at the level of $7.5/kg in the third quarter of 2019. For the full year of 2019, the Company expects to produce approximately 37,000 to 40,000 MT of polysilicon, inclusive of the impact of the Company's annual facility maintenance.

This outlook reflects Daqo New Energy's current and preliminary view as of the date of this press release and may be subject to changes. The Company's ability to achieve these projections is subject to risks and uncertainties. See "Safe Harbor Statement" at the end of this press release.

First Quarter 2019 Results

Revenues

Revenues were $81.2 million, compared to $75.6 million in the fourth quarter of 2018 and $95.6 million in the first quarter of 2018. The sequential increase in revenues was primarily due to higher polysilicon sales volumes partially offset by lower ASPs.

Gross profit and margin

Gross profit was $18.3million, compared to $16.9 million in the fourth quarter of 2018 and $43.1 million in the first quarter of 2018. Gross margin was 22.6%, compared to 22.4% in the fourth quarter of 2018 and 45.0% in the first quarter of 2018. The sequential increase was primarily due to lower average polysilicon production cost, partially offset by lower ASPs.

Selling, general and administrative expenses

Selling, general and administrative expenses were $7.9 million, compared to $8.2 million in the fourth quarter of 2018 and $3.8 million in the first quarter of 2018. The year-over-year increase in SG&A was primarily due to an increase in non-cash share-based compensation costs related to the Company's share incentive plan.

Research and development expenses

Research and development (R&D) expenses were $1.3 million, compared to $1.0 million in the fourth quarter of 2018 and $0.1 million in the first quarter of 2018. Research and development expenses could vary from period to period and reflected R&D activities that took place during the quarter.

Income from operations and operating margin

As a result of the foregoing, income from operations was $9.2 million, compared to $20.3 million in the fourth quarter of 2018 and $39.2 million in the first quarter of 2018.

Operating margin was 11.3%, compared to 26.8% in the fourth quarter of 2018 and 41.0% in the first quarter of 2018.

Interest expense

Interest expense was $2.0 million, compared to $1.9 million in the fourth quarter of 2018 and $3.7 million in the first quarter of 2018.

EBITDA

EBITDA from continuing operations was $20.0 million, compared to $29.5 million in the fourth quarter of 2018 and $48.6 million in the first quarter of 2018. EBITDA margin was 24.6%, compared to 39.1% in the fourth quarter of 2018 and 50.8% in the first quarter of 2018.

Income(loss) from discontinued operations, net of tax

During the third quarter of 2018, the Company decided to discontinue its solar wafer manufacturing operations. Net income from discontinued operations was $0.8 million in the first quarter of 2019, compared to net loss from discontinued operations of $5.7 million in the fourth quarter of 2018 and net income from discontinued operations of $2.1 million in the first quarter of 2018. The net income from discontinued operations during the quarter was mainly due to the disposal of fixed assets which were impaired in 2018 and previous years.

Net income attributable to Daqo New Energy Corp. shareholders and earnings per ADS

As a result of the aforementioned, net income attributable to Daqo New Energy Corp. shareholders was $6.6 million, compared to $11.4 million in the fourth quarter of 2018 and $31.6 million in the first quarter of 2018.

Earnings per basic ADS of $0.50, compared to $0.86 in the fourth quarter of 2018, and $2.91 in the first quarter of 2018.

Financial Condition

As of March 31, 2019, the Company had $113.7 million in cash, and cash equivalents and restricted cash, compared to $94.0 million as of December 31, 2018 and $79.0 million as of March 31, 2018. As of March 31, 2019, the accounts receivable balance was $2.2 million, compared to $1.2 million as of December 31, 2018 and $12 thousand as of March 31, 2018. As of March 31, 2019, the notes receivable balance was $0.7 million, compared to $8.1 million as of December 31, 2018 and $45.2 million as of March 31, 2018. As of March 31, 2019, total borrowings were $193.0 million, of which $149.7 million were long-term borrowings, compared to total borrowings of $171.5 million, including $133.3 million long-term borrowings, as of December 31, 2018 and total borrowings of $189.6 million, including $106.8 million long-term borrowings, as of March 31, 2018.

Cash Flows

For the three months ended March 31, 2019, net cash provided by operating activities was $48.5 million, compared to $22.0 million in the same period of 2018.

For the three months ended March 31, 2019, net cash used in investing activities was $38.6 million, compared to $11.8 million in the same period of 2018. The net cash used in investing activities in 2018 and 2017 was primarily related to the capital expenditure on Xinjiang Phase 3B and 4A polysilicon projects.

For the three months ended March 31, 2019, net cash provided by financing activities was $7.2 million, compared to net cash used in financing activities of $2.4 million in the same period of 2018.

Use of Non-GAAP Financial Measures

To supplement Daqo New Energy's consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("US GAAP"), the Company uses certain non-GAAP financial measures that are adjusted for certain items from the most directly comparable GAAP measures including earnings before interest, taxes, depreciation and amortization ("EBITDA") and EBITDA margin; adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per basic ADS. Our management believes that each of these non-GAAP measures is useful to investors, enabling them to better assess changes in key element of the Company's results of operations across different reporting periods on a consistent basis, independent of certain items as described below. Thus, our management believes that, used in conjunction with US GAAP financial measures, these non-GAAP financial measures provide investors with meaningful supplemental information to assess the Company's operating results in a manner that is focused on its ongoing, core operating performance. Our management uses these non-GAAP measures internally to assess the business, its financial performance, current and historical results, as well as for strategic decision-making and forecasting future results. Given our management's use of these non-GAAP measures, the Company believes these measures are important to investors in understanding the Company's operating results as seen through the eyes of our management. These non-GAAP measures are not prepared in accordance with US GAAP or intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with US GAAP; the non-GAAP measures should be reviewed together with the US GAAP measures, and may be different from non-GAAP measures used by other companies.

The Company uses EBITDA, which represents earnings before interest, taxes, depreciation and amortization, and EBITDA margin, which represents the proportion of EBITDA in revenues. Adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per basic ADS exclude costs related to the non-operational polysilicon assets in Chongqing. Such costs mainly consist of non-cash depreciation costs, as well as utilities and maintenance costs associated with the temporarily idle polysilicon machinery and equipment, and the Company had removed this adjustment from the non-GAAP reconciling item since the fourth quarter of 2018, since as of the end of the third quarter of 2018, all of the polysilicon machinery and equipment had been either relocated to Xinjiang, disposed, or planned to be disposed of in due time. Adjusted net income attributable to Daqo New Energy Corp. shareholders and adjusted earnings per basic ADS also exclude costs related to share-based compensation. Share-based compensation is a non-cash expense that varies from period to period. As a result, our management excludes this item from its internal operating forecasts and models. Our management believes that this adjustment for share-based compensation provides investors with a basis to measure the Company's core performance, including compared with the performance of other companies, without the period-to-period variability created by share-based compensation.

A reconciliation of non-GAAP financial measures to comparable US GAAP measures is presented later in this document.

Conference Call

The Company has scheduled a conference call to discuss the results at 8:00 AM Eastern Time on May 21, 2019. (8:00 PM Beijing / Hong Kong time on the same day).

The dial-in details for the live conference call are as follows:

Participant dial in (toll free):

+1-888-346-8982

Participant international dial in:

+1-412-902-4272

China mainland toll free:

4001-201203

China Beijing local toll:

+86-105-357-3132

Hong Kong toll free:

800-905945

Hong Kong-local toll:

+852-301-84992


Participants please dial in 10 minutes before the call is scheduled to begin and ask to be joined into the Daqo New Energy Corp. call.

You can also listen to the conference call via Webcast through the URL: https://services.choruscall.com/links/dq190521.html

A replay of the call will be available 1 hour after the end of the conference through May 27, 2019.

The conference call replay numbers are as follows:

US Toll Free:

+1-877-344-7529

International Toll:

+1-412-317-0088

Canada Toll Free:

855-669-9568

Replay access code:

10131478

To access the replay using an international dial-in number, please select the link below: https://services.choruscall.com/ccforms/replay.html
Participants will be required to state their name and company upon entering the call.

About Daqo New Energy Corp.

Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2008, the Company is one of the world's lowest cost producers of high-purity polysilicon. Daqo's highly-efficient and technically advanced manufacturing facility in Xinjiang, China, currently has a nameplate annual polysilicon production capacity of 30,000 metric tons, and the Company is undergoing a debottlenecking project and a capacity expansion project and expects to increase its annual polysilicon production capacity to 70,000 metric tons in the first quarter of 2020.

For more information, please visit http://daqo.gotoip1.com/

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook for the second quarter and the full year of 2019 and quotations from management in this announcement, as well as Daqo New Energy's strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the demand for photovoltaic products and the development of photovoltaic technologies; global supply and demand for polysilicon; alternative technologies in cell manufacturing; the Company's ability to significantly expand its polysilicon production capacity and output; the reduction in or elimination of government subsidies and economic incentives for solar energy applications; and the Company's ability to lower its production costs. Further information regarding these and other risks is included in the reports or documents the Company has filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release is as of the date hereof, and the Company undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

Daqo New Energy Corp.

Unaudited Condensed Consolidated Statement of Operations and Comprehensive Income

(US dollars in thousands, except ADS and per ADS data)




Three months Ended




Mar 31,
2019


Dec 31,
2018


Mar 31,
2018










Revenues    


$81,204


$75,603


$95,644


Cost of revenues


(62,863)


(58,665)


(52,560)


Gross profit


18,341


16,938


43,084


Operating expenses








Selling, general and administrative expenses


(7,935)


(8,240)


(3,753)


Research and development expenses


(1,297)


(970)


(121)


Other operating income, net


70


12,527


32


Total operating (expenses) /income


(9,162)


3,317


(3,842)


Income from operations


9,179


20,255


39,242


Interest expense


(2,021)


(1,891)


(3,663)


Interest income


324


441


144


Foreign exchange loss


(189)


(102)


(3)


Income before income taxes


7,293


18,703


35,720


Income tax expense


(1,429)


(1,563)


(5,864)


Net income from continuing operations


5,864


17,140


29,856


Income/(loss) from discontinued operations, net of tax


 

778


 

(5,693)


 

2,117


Net income


6,642


11,447


31,973


Net income attributable to non-controlling interest


-


66


339


Net income attributable to Daqo New Energy Corp.
     shareholders


$6,642


$11,381


$31,634










Net income


6,642


11,447


31,973


Other comprehensive income:








Foreign currency translation adjustments


13,014


935


14,826


Total other comprehensive income


13,014


935


14,826


Comprehensive income


19,656


12,382


46,799


Comprehensive income attributable to non-controlling
     interest


-


69


446


Comprehensive income attributable to Daqo New Energy
     Corp. shareholders


$19,656


$12,313


$46,353










Earnings/(loss) per ADS








-Continuing operations


0.44


1.29


2.71


  -Discontinued operations


0.06


(0.43)


0.20


 Basic


0.50


0.86


2.91










-Continuing operations


0.42


1.27


2.60


  -Discontinued operations


0.06


(0.42)


0.19


 Diluted


0.48


0.85


2.79


Weighted average ADS outstanding








Basic


13,360,729


13,237,220


10,853,166


Diluted


13,749,959


13,455,067


11,341,860


Daqo New Energy Corp.

Unaudited Consolidated Balance Sheets

(US dollars in thousands)




Mar 31, 2019


Dec 31, 2018


Mar 31, 2018










ASSETS:








Current Assets:








Cash and cash equivalents


$65,111


$65,419


$60,791


Restricted cash


48,560


28,609


18,185


Short-term investments


-


21,807


-


Accounts receivable, net


2,204


1,181


12


Notes receivable


714


8,111


45,237


Prepaid expenses and other current assets


9,717


10,336


7,030


Advances to suppliers


2,846


3,328


1,110


Inventories


18,882


15,449


16,045


Amount due from related parties


4,179


815


1,538


Current assets associated with discontinued
     operation


2,748


5,014


19,586


Total current assets


154,961


160,069


169,534


Property, plant and equipment, net


686,056


611,616


508,341


Prepaid land use right


22,669


22,249


24,818


Deferred tax assets


842


821


740


Investment in an affiliate


666


650


712


Non-current asset associated with discontinued
     operation


58,868


59,524


95,285


TOTAL ASSETS


924,062


854,929


799,430










Current liabilities:








Short-term borrowings, including current portion
     of long-term borrowings


43,210


38,206


82,872


Accounts payable


9,926


9,195


19,949


Notes payable


66,322


29,209


26,232


Advances from customers - short term portion


9,658


10,214


9,662


Payables for purchases of property, plant and
     equipment


25,085


27,221


15,766


Accrued expenses and other current liabilities


9,330


9,418


12,318


Amount due to related parties


2,143


2,260


1,684


Income tax payable


6,293


5,455


11,650


Current liabilities associated with discontinued
     operation


7,591


18,676


43,891


Total current liabilities


179,558


149,854


224,024


Long-term borrowings


149,744


133,312


106,766


Advance from customers - long term portion


5,364


7,269


-


Amount due to related parties - long term
     portion


16,390


15,992


-


Other long-term liabilities


21,848


21,463


24,004


Deferred tax liabilities


1,174


1,185


-


Non-current liabilities associated with
     discontinued operation


721


723


2,451


TOTAL LIABILITIES


374,799


329,798


357,245










EQUITY:








Ordinary shares


34


33


27


Treasury stock


(1,749)


(1,749)


(1,749)


Additional paid-in capital


373,156


368,681


247,935


Retained earnings


178,040


171,398


164,907


Accumulated other comprehensive
     (loss)/income


(218)


(13,232)


27,826


Total Daqo New Energy Corp.'s shareholders'
     equity


549,263


525,131


438,946


Non-controlling interest


-


-


3,239


Total equity


549,263


525,131


442,185


TOTAL LIABILITIES & EQUITY


924,062


854,929


799,430


Daqo New Energy Corp.

Unaudited Consolidated Statements of Cash Flows

(US dollars in thousands)



For the three months ended



Mar 31, 2019


Mar 31, 2018


Operating Activities:





Net income

$6,642


$31,973


Less: Income from discontinued operations, net of tax

778


2,117


Net income from continuing operations

5,864


29,856


Adjustments to reconcile net income to net cash provided by
     operating activities:





   Share-based compensation

4,474


859


   Depreciation of property, plant and equipment

8,698


3,040







      Changes in operating assets and liabilities:





   Accounts receivable                               

(989)


705


   Notes receivable

7,556


(23,384)


   Prepaid expenses and other current assets

872


(197)


   Advances to suppliers

562


517


   Inventories

(3,031)


213


   Amount due from related parties

-


(464)


   Prepaid land use rights

133


141


   Accounts payable

499


(72)


   Notes payable

21,850


2,212


   Accrued expenses and other current liabilities

(320)


1,084


   Income tax payable

698


(2,000)


   Advances from customers

(2,880)


(7,222)


   Amount due to related parties

(16)


(5)


   Deferred tax liabilities

(40)


-


   Deferred government subsidies   

(148)


(157)


Net cash provided by operating activities-continuing operations

43,782


5,126


Net cash provided by operating activities-discontinued operations

4,699


16,839


Net cash provided by operating activities

48,481


21,965







Investing activities:





Purchases of property, plant and equipment

(57,462)


(7,356)


Purchases of land use right

(4,271)


-


Repayment of short-term investment

22,224


-


Proceeds from disposal of investment

642


-


Net cash used in investing activities-continuing operations

(38,867)


(7,356)


Net cash provided by/(used in) investing activities-discontinued
     operations

232


(4,476)


Net cash used in investing activities

(38,635)


(11,832)







Financing activities:





Proceeds from related parties loans

1,482


-


Proceeds from bank borrowings

51,856


2,359


Repayment of bank borrowings

(34,788)


(4,718)


Cash received from exercise of options

-


104


Net cash provided by/(used in) financing activities - continuing
    
operations

18,550


(2,255)


Net cash used in financing activities – discontinued operations

(11,382)


(173)


Net cash provided by/(used in) financing activities

7,168


(2,428)







Effect of exchange rate changes

2,429


2,606


Net increase in cash, cash equivalents and restricted cash

19,443


10,311


Cash, cash equivalents and restricted cash at the beginning of the
     period

95,120


72,667


Cash, cash equivalents and restricted cash at the end of the period

114,563


82,978


The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within
the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows.




Mar 31, 2019


Mar 31, 2018

Cash and cash equivalents


65,999


62,386

Restricted cash


48,564


20,592

Total cash, cash equivalents, and restricted cash shown in the 
statement of cash flows


114,563


82,978

Daqo New Energy Corp.

Reconciliation of non-GAAP financial measures to comparable US GAAP measures

(US dollars in thousands)



Three months Ended



Mar. 31, 2019


Dec. 31, 2018


Mar. 31, 2018


Net income from continuing operations


5,864


17,140


29,856


Income tax expense


1,429


1,563


5,864


Interest expense


2,021


1,891


3,663


Interest income


(324)


(441)


(144)


Depreciation & amortization


11,010


9,386


9,349


EBITDA (non-GAAP)


20,000


29,539


48,588


EBIDTA margin (non-GAAP)


24.6%


39.1%


50.8%





Three months Ended



Mar. 31, 2019


Dec. 31, 2018


Mar. 31, 2018


Net income attributable to Daqo New Energy
     Corp. shareholders


6,642


11,381


31,634


Share-based compensation


4,474


4,278


859


Costs related to the Chongqing polysilicon 
     operations


-


-


389


Adjusted net income (non-GAAP)
     attributable to Daqo New Energy Corp.
     shareholders


11,116


15,659


32,882


Adjusted earnings per basic ADS (non-
     GAAP)


 

$0.83


 

$1.18


 

$3.03


Adjusted earnings per diluted ADS (non-
     GAAP)


$0.81


$1.16


$2.90


For further information, please contact:

Daqo New Energy Corp.
Investor Relations Department
Phone: +86-187-1658-5553
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Christensen

In China
Mr. Christian Arnell
Phone: +86-10- 5900-1548
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

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NEW YORK, May 20, 2019 /PRNewswire/ -- This report analyzes the worldwide markets for Lithium in Metric Tons by the following End-Use Segments: Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries, and Others.

Read the full report: https://www.reportlinker.com/p05478488/?utm_source=PRN

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, China, Asia-Pacific, Middle East & Africa, and Latin America.

Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs.

The report profiles 39 companies including many key and niche players such as:
- Albemarle Corporation
- Altura Mining Ltd.
- FMC Lithium
- Galaxy Resources Limited
- Jiangxi Ganfeng Lithium Co., Ltd.
- Lithium Americas Corporation

Read the full report: https://www.reportlinker.com/p05478488/?utm_source=PRN

LITHIUM MCP-2
MARKET ANALYSIS, TRENDS, AND FORECASTS, MAY 2
CONTENTS

1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

2. INDUSTRY OVERVIEW

Lithium: Demand Shifts from Traditional Sectors towards High- Growth Battery-based Emerging Applications
China Continues to Spearhead Growth in the Lithium Market


3. AN OVERVIEW OF LITHIUM RESERVES, RESOURCES & PRODUCTION

Worldwide Reserves and Resources of Lithium
Table 1: Global Lithium Reserves in Thousand Metric Tons by Select Countries for 2017 (includes corresponding Graph/Chart)
Table 2: Identified Lithium Resources in Thousand Tons for Select Countries (As of 2017) (includes corresponding Graph/Chart)
Salt Lake Brine Deposits Vs Hard Rock Mineral Deposits
Brine Deposits
Major Brine Deposits Worldwide
Hard Rock Spodumene Deposits
Major Spodumene Mines Worldwide
Other Types of Mineral Deposits
Lithium Production Scenario
Table 3: Global Lithium Mine Production in Metric Tons by Country for 2016 and 2017 (includes corresponding Graph/Chart)
Table 4: Global Lithium Market by Type of Compound (2017): Percentage Breakdown of Production Volume for Butyl Lithium, Lithium Carbonate, Lithium Chloride, Lithium Concentrate, Lithium Hydroxide, Lithium Metal and Others (includes corresponding Graph/Chart)
Table 5: A Glance at Major Lithium Resource Projects Worldwide
Pros and Cons of Lithium Production from Brine Deposits
China's Lithium Deals Compel Asian Companies to Secure Stable Supplies from South America
China Makes Aggressive Moves to Acquire Lithium Reserves
Anticipated Capacity Additions to Position Argentina and Chile as Leading Lithium Producers
Lithium Pricing: Rising Demand Leads to a Surge in Lithium Prices
Table 6: Spot Prices of Lithium Hydroxide and Lithium Carbonate in China (US$ per Tonne) for the Period Jun 2015 to Dec 2017 (includes corresponding Graph/Chart)


4. A REVIEW OF MAJOR END-USE MARKETS OF LITHIUM

Constantly Evolving Applications of Lithium
Batteries: The Largest End-Use Market for Lithium
Major Applications of Lithium-ion Battery
Table 7: Lithium-ion Battery Density by Chemistry (Wh/kg) (includes corresponding Graph/Chart)
Table 8: Breakdown of Cost for Lithium-ion Materials - Percentage Breakdown of Cost for Anode Materials, Cathode Materials, Depreciation, Electrolytes, Energy Management & Casing, Labor, R&D & Overhead and Separators (includes corresponding Graph/Chart)
Table 9: Global Rechargeable Batteries Market by Battery Chemistry (2018) - Percentage Breakdown of Dollar Sales for Lithium-Ion Batteries, Nickel- Cadmium Batteries, and Nickel-Metal Hydride Batteries (includes corresponding Graph/Chart)
Table 10: Global Lithium-ion Batteries Market (2016 & 2020): Percentage Breakdown of Production Capacity by Country (includes corresponding Graph/Chart)
Investments into Li-Ion Batteries Continues to Increase
Table 11: Investments in Li-ion Battery Production by Company for the Period 2009-2015 (includes corresponding Graph/Chart)
EVs Continue to Provide Growth Opportunities for Lithium Market
Table 12: Global Sales of Electric Vehicles in Thousand Units by Region/Country for the Years 2015, 2017, 2019, 2021 and 2023 (includes corresponding Graph/Chart)
Table 13: EV Sales as % of New Car Sales by Region/Country for the Years 2015, 2020 and 2025 (includes corresponding Graph/Chart)
Table 14: Penetration Rate (%) of BEVs and PHEVs Worldwide for the Years 2016 and 2021 (includes corresponding Graph/Chart)
Sustained Declines in the Cost of Li-ion Battery Drives Growth
Table 15: Battery Production Capacity Projects of Select Companies for the Period 2016-2020 (includes corresponding Graph/Chart)
Table 16: Global Production Capacity (In GWh) of Electric Vehicle-Grade Lithium-ion Battery GWh by Status (includes corresponding Graph/Chart)
Persistent Policy Support for Clean Energy Augurs Well for the Market
Table 17: Electric Vehicles Target Stock (in Million Vehicles) for Select Countries by 2020 (includes corresponding Graph/Chart)
Table 18: Electric Vehicle (EV) Sales Targets of Major Automotive OEMs Worldwide
Targets Promoting EV Sales in Select Countries
E-Bicycles and E-Tricycles: Potential for Li-ion Batteries Market
Table 19: E-Bikes Market in China - Sales in Million Units and Share of Li-ion Batteries in E-Bikes for the Years 2012, 2014, 2016 and 2018 (includes corresponding Graph/Chart)
New Batteries for Transport Sector to Involve Use of Lithium
Table 20: Battery Usage in Transport Sector (2030) - Percentage Market Share Breakdown by Battery Type for Advanced Li-ion Battery, Li-ion Battery, Lithium-Sulfur Battery, and Solid State Battery (includes corresponding Graph/Chart)
Portable Electronics Equipment to Drive Growth in Li-ion Batteries
Table 21: Estimated Lithium Usage in Batteries of Select Portable Electronic Equipment (in Grams LCE per Unit) (includes corresponding Graph/Chart)
Mobile Phones and Smartphones: A Power Packed Opportunity for Li-ion batteries
Table 22: World Market for Smartphones: Shipments in Million Units for the Years 2015, 2017, 2019 and 2021 (includes corresponding Graph/Chart)
Use of Li-ion Batteries in Laptops and Netbooks Drives Lithium Consumption
Table 23: Global Shipments of Desktop PCs, Laptops and Tablets in Million Units for the Years 2015, 2017, 2019 and 2021 (includes corresponding Graph/Chart)
Battery Technologies to Transform Future of Renewable Energy
Decentralized Energy Storage: A Game Changing Grid Storage Technology to Fuel Demand for Lithium
Table 24: Global Energy Storage Market by Technology (2017): Percentage Breakdown of Installed Capacity for Compressed Air Energy Storage (CAES), Flywheel Storage, Lithium-ion Battery, Pumped Hydro Storage and Others (includes corresponding Graph/Chart)
Table 25: Comparison of Battery Cost in US$ per kWh for Select Energy Storage Batteries for the Years 2014 and 2
(includes corresponding Graph/Chart)
Peak Shifting Application Promises High Demand Scenario for Li-ion Batteries
Table 26: Installed Peak Shifting Battery Power in MWh for the Years 2015, 2017, 2019 and 2021 (includes corresponding Graph/Chart)
Lithium-ion Solar Batteries Hold an Edge over Lead Acid Batteries for Residential Solar Customers
Primary Lithium Batteries: Sustained Demand from End-Use Markets Bolsters Li Demand
Table 27: Specific Energy Density (Wh/Kg) of Non-Chargeable (Primary) and Rechargeable (Secondary) Batteries (includes corresponding Graph/Chart)
Primary Lithium Batteries Vs Alkaline and Zinc-Carbon Batteries
Comparison of Characteristics of Primary Lithium Batteries
Traditional Markets for Lithium: A Review
Glass and Ceramics
Greases
Table 28: Global Lithium Demand in Lithium Greases (2018E) - Percentage Breakdown of Lithium Consumption Volume for Automotive and Industrial Sectors (includes corresponding Graph/Chart)
Casting Powders
Table 29: Global Output of Continuously Cast Steel by Region: Production in Million Tonnes and As % of Crude Steel Output for the Years 2014, 2015 & 2016 (includes corresponding Graph/Chart)
Air Treatment
Medical
Table 30: Number of People Suffering from Depressive Disorders (In Millions) Worldwide for the Year 2
(includes corresponding Graph/Chart)
Table 31: Global Prevalence of Depressive Disorders for 2015 - Percentage of Male and Female Population Suffering from Depressive Disorders by Region (includes corresponding Graph/Chart)
Table 32: Prevalence of Depressive Disorders - Percentage of Population Suffering from Depressive Disorders by Age Group and Gender (includes corresponding Graph/Chart)
Polymers
Table 33: Global Lithium Demand in Polymers (2018E): Percentage Breakdown of Lithium Consumption by Segment - Catalyst for Rubber Tires and Others (includes corresponding Graph/Chart)
Aluminum Smelting & Aluminum Alloys
Other Applications
Positive Global Economy Buoys Lithium Consumption in Traditional End-Use Markets
Table 34: World Real GDP Growth Rates in % by Country/Region for the Period 2016-2019 (includes corresponding Graph/Chart)


5. PRODUCT OVERVIEW

Product Definition
Product History
Substitutes
Lithium Products
A Glance at Major Lithium Compounds
End-Uses of Lithium
Batteries
Glass and Ceramics
Greases
Air Treatment & Pharmaceutical
Metallurgical Powders
Other End-Use Markets


6. COMPETITIVE LANDSCAPE

An Intensely Competitive Marketplace
Table 35: Leading Producers of Lithium Worldwide (2018E): Percentage Breakdown of Production Volume for Albemarle, Chinese Companies (excluding Talison), FMC, Orocobre, SQM, Talison Lithium and Others (includes corresponding Graph/Chart)
Table 36: Annual Production of Lithium in Tonnes LCE for Albemarle, SQM, FMC Corp. and Tianqi Lithium Industries for 2016 (includes corresponding Graph/Chart)
Lithium Players Focus on Capacity Expansions
6.1 Focus on Select Players
Albemarle Corporation (USA)
Altura Mining Ltd. (Australia)
FMC Lithium (USA)
Galaxy Resources Limited (Australia)
Jiangxi Ganfeng Lithium Co., Ltd. (China)
Lithium Americas Corporation (USA)
Millennial Lithium Corp. (Canada)
Nemaska Lithium, Inc. (Canada)
Neometals Ltd. (Australia)
Orocobre Limited (Australia)
Pilbara Minerals Ltd. (Australia)
Sichuan Tianqi Lithium Industries (China)
Sociedad Química y Minera de Chile S.A (Chile)
6.2 Recent Industry Activity
Nemaska Lithium and Northvolt Enter into Supply Agreement for Lithium Hydroxide
SoftBank Announces Investment in Nemaska Lithium
Prospect Resources and Sinomine Resources Exploration to Develop Arcadia Lithium Project in Zimbabwe
Desert Lion Energy Inks Transfer Agreements for Acquisition of Lithium Mine Licenses
Toyota Tsusho to Take Over Stake in Orocobre
FMC Revises Operating Agreements in Argentina
Lithium Australia Gains Exploration License in Germany's Lithium Tungsten Region
Bacanora Minerals Wins Exploration Licence for Falkenhain Lithium Deposit in Germany
Bolivian Government Selects ACI Systems for Industrialization of Bolivian Lithium
Albemarle Receives CORFO Approval to Increase Lithium Quota in Chile
POSCO Inks Long-term Agreement for Lithium Supply from Pilbara
Lithium Chile Discovers Brine Target Areas at Atacama and Ollague Lithium Projects
SQM Australia to Acquire 50% Assets of Mount Holland Lithium Project
Voltaic Minerals Terminates Agreement with Lithium Selective Technologies
Nextview to Take Over Lithium X Energy
Iconic Minerals Inks Exclusive Licensing Agreement with St- Georges Platinum and Base Metals
Albemarle Develops Novel Technology to Expand Lithium Production in Chile
SQM and Kidman Resources to Jointly Develop Mt. Holland Lithium Project
Ultra Lithium to Take Over La Borita Brine Lithium Property in Argentina
FMC Makes Payment to Nemaska as Per Lithium Carbonate Supply Deal
AMG Signs Multi-Year Contract for Lithium Concentrate Supply
Savannah Resources Acquires Lithium Prospects in Portugal
SolarWorld to Sell Share in German Lithium Mining Operations to Bacanora to Form JV


7. GLOBAL MARKET PERSPECTIVE

Table 37: World Recent Past, Current & Future Analysis for Lithium by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 38: World Historic Review for Lithium by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 39: World 14-Year Perspective for Lithium by Geographic Region - Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
Lithium Market by End-Use Segment
Table 40: World Recent Past, Current & Future Analysis for Lithium in Glass & Ceramics by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 41: World Historic Review for Lithium in Glass & Ceramics by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 42: World 14-Year Perspective for Lithium in Glass & Ceramics by Geographic Region - Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
Table 43: World Recent Past, Current & Future Analysis for Lithium in Air Treatment & Pharmaceuticals by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 44: World Historic Review for Lithium in Air Treatment & Pharmaceuticals by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 45: World 14-Year Perspective for Lithium in Air Treatment & Pharmaceuticals by Geographic Region - Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets for Years 2011, 2018 & 2
(includes corresponding Graph/Chart)
Table 46: World Recent Past, Current & Future Analysis for Lithium in Metallurgical Powders by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2024 (includes corresponding Graph/Chart)
Table 47: World Historic Review for Lithium in Metallurgical Powders by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 48: World 14-Year Perspective for Lithium in Metallurgical Powders by Geographic Region - Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets for Years 2011, 2018 & 2
(includes corresponding Graph/Chart)
Table 49: World Recent Past, Current & Future Analysis for Lithium in Greases by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 50: World Historic Review for Lithium in Greases by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 51: World 14-Year Perspective for Lithium in Greases by Geographic Region - Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
Table 52: World Recent Past, Current & Future Analysis for Lithium in Batteries by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 53: World Historic Review for Lithium in Batteries by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 54: World 14-Year Perspective for Lithium in Batteries by Geographic Region - Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
Table 55: World Recent Past, Current & Future Analysis for Lithium in Others by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 56: World Historic Review for Lithium in Others by Geographic Region - US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 57: World 14-Year Perspective for Lithium in Others by Geographic Region - Percentage Breakdown of Volume Consumption for US, Canada, Japan, Europe, China, Asia-Pacific (excluding Japan & China), Middle East & Africa and Latin America Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)


8. REGIONAL MARKET PERSPECTIVE


8.1 The United States
A.Market Analysis
Current and Future Analysis
Market Overview
Table 58: US Exports and Imports of Lithium in Metric Tons for the Years 2013 through 2017 (includes corresponding Graph/Chart)
Table 59: US Imports of Lithium (2013-2016): Percentage Breakdown of Import Volume by Country of Origin (includes corresponding Graph/Chart)
B.Market Analytics
Table 60: US Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 61: US Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 62: US 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.2 Canada
Market Analysis
Table 63: Canadian Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 64: Canadian Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 65: Canadian 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.3 Japan
A.Market Analysis
Current and Future Analysis
Increasing Li-ion Battery Manufacturing Activity Spurs Demand for Lithium Supplies
Table 66: Sales (in Billions) of Rechargeable Li-ion Batteries in Japan for the Years 2010, 2012, 2014 and 2
(includes corresponding Graph/Chart)
Table 67: Batteries Production in Japan (2016E): Percentage Breakdown of Volume Production by Battery Type (includes corresponding Graph/Chart)
B.Market Analytics
Table 68: Japanese Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 69: Japanese Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 70: Japanese 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.4 Europe
A.Market Analysis
Current and Future Analysis
Surging Demand for Lithium Revives Interest in European Mines
Funding Support from EC for Scale Up of Lithium Batteries Manufacture in Europe
B.Market Analytics
Table 71: European Recent Past, Current & Future Analysis for Lithium by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 72: European Historic Review for Lithium by Geographic Region - France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 73: European 14-Year Perspective for Lithium by Geographic Region - Percentage Breakdown of Volume Consumption for France, Germany, Italy, UK, Spain, Russia, and Rest of Europe Markets for Years 2011, 2018 & 2
(includes corresponding Graph/Chart)
Table 74: European Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 75: European Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 76: European 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.4.1 France
Market Analysis
Table 77: French Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 78: French Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 79: French 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.4.2 Germany
A.Market Analysis
Current and Future Analysis
Market Overview
B.Market Analytics
Table 80: German Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 81: German Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 82: German 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.4.3 Italy
Market Analysis
Table 83: Italian Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 84: Italian Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 85: Italian 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.4.4 The United Kingdom
Market Analysis
Table 86: UK Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includescorresponding Graph/Chart)
Table 87: UK Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 88: UK 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.4.5 Spain
Market Analysis
Table 89: Spanish Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 90: Spanish Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 91: Spanish 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.4.6 Russia
Market Analysis
Table 92: Russian Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 93: Russian Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 94: Russian 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.4.7 Rest of Europe
A.Market Analysis
Current and Future Analysis
Focus on Select Regional Markets
Czech Republic
Finland
B.Market Analytics
Table 95: Rest of Europe Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2
(includes corresponding Graph/Chart)
Table 96: Rest of Europe Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 97: Rest of Europe 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.5 China
A.Market Analysis
Current and Future Analysis
China - A Major Consumer and Supplier of Lithium
Table 98: Mine Nameplate Capacity in LCE for Select Companies in China for 2017 (includes corresponding Graph/Chart)
High Growth Potential of Li-ion Battery Industry Augurs Well for Lithium Market
Repurposing of Li-ion Batteries: A New Life for Old Batteries with Useful Capacity
China Makes Aggressive Moves to Acquire Lithium Reserves
China's Lithium Deals Compel Asian Companies to Secure Stable Supplies from South America
B.Market Analytics
Table 99: Chinese Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 100: Chinese Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2015 (includes corresponding Graph/Chart)
Table 101: Chinese 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.6 Asia-Pacific (excluding China)
Market Analysis
Table 102: Asia-Pacific (excluding China) Recent Past, Current & Future Analysis for Lithium by Geographic Region - South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 103: Asia-Pacific (excluding China) Historic Review for Lithium by Geographic Region - South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 104: Asia-Pacific (excluding China) 14-Year Perspective for Lithium by Geographic Region - Percentage Breakdown of Volume Consumption for South Korea and Rest of Asia-Pacific Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
Table 105: Asia-Pacific (excluding China) Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2024 (includes corresponding Graph/Chart)
Table 106: Asia-Pacific (excluding China) Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 107: Asia-Pacific (excluding China) 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2
(includes corresponding Graph/Chart)
8.6.1 South Korea
A.Market Analysis
Current and Future Analysis
Market Overview
B.Market Analytics
Table 108: South Korea Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2
(includes corresponding Graph/Chart)
Table 109: South Korea Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 110: South Korea 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.6.2 Rest of Asia-Pacific
A.Market Analysis
Current and Future Analysis
Australia
The Leading Lithium Producer
Australia Benefiting from the China's Escalating Demand for Lithium
India
India's All Electric Vehicles Target by 2030 to Spur Demand for Lithium Used in Li-ion Batteries
Rising Demand for Energy Storage Systems for Renewable Energy Sector
B.Market Analytics
Table 111: Rest of Asia-Pacific (excluding China) Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2
through 2024 (includes corresponding Graph/Chart)
Table 112: Rest of Asia-Pacific (excluding China) Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2
(includes corresponding Graph/Chart)
Table 113: Rest of Asia-Pacific (excluding China) 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2
(includes corresponding Graph/Chart)
8.7 Middle East & Africa
Market Analysis
Table 114: Middle East & Africa Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2024 (includes corresponding Graph/Chart)
Table 115: Middle East & Africa Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 116: Middle East & Africa 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 2018 & 2024 (includes corresponding Graph/Chart)
8.8 Latin America
A.Market Analysis
Current and Future Analysis
Latin America - A Major Source of Lithium
Focus on Select Regional Markets
Argentina
Bolivia
Chile
B.Market Analytics
Table 117: Latin American Recent Past, Current & Future Analysis for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2016 through 2
(includes corresponding Graph/Chart)
Table 118: Latin American Historic Review for Lithium by End-Use Segment - Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets Independently Analyzed with Annual Consumption Figures in Lithium Carbonate Equivalent (Metric Tons) for Years 2011 through 2015 (includes corresponding Graph/Chart)
Table 119: Latin American 14-Year Perspective for Lithium by End-Use Segment - Percentage Breakdown of Volume Consumption for Glass & Ceramics, Air Treatment & Pharmaceuticals, Metallurgical Powders, Greases, Batteries and Others Markets for Years 2011, 018 & 2024 (includes corresponding Graph/Chart)


9. COMPANY PROFILES

Total Companies Profiled: 39 (including Divisions/Subsidiaries - 39) The United States (3) Canada (12) Europe (6) - France (1) - The United Kingdom (2) - Rest of Europe (3) Asia-Pacific (Excluding Japan) (16) Latin America (1) Africa (1)
Read the full report: https://www.reportlinker.com/p05478488/?utm_source=PRN

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Read more: Global Lithium Industry

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Renewable Energy & Environmental Finance (REEF) was named bank sector tax equity investor of the year by Power Finance & Risk in the publication’s 16th Annual Deals and Firms of the Year Awards.

“Wells Fargo is proud to be a leader in funding projects that help our country accelerate the transition toward a low-carbon economy,” said Philip Hopkins, co-head of Wells Fargo Renewable Energy & Environmental Finance. “For the past 14 years, Wells Fargo has been a significant contributor to the advancement of U.S. clean energy, deploying billions in financing and tax equity investments to U.S. wind and solar projects. We thank Power Finance & Risk for this honor and value our relationships with dynamic companies that are on the forefront of creating a green energy future.”

Every year since 2003, Power Finance & Risk has polled energy market participants — including heads of project finance; power and utilities groups; senior in-house and private practice lawyers; infrastructure, private equity and credit fund managers; and project developers’ and sponsors’ finance chiefs — to compile its awards recognizing outstanding project sponsors, lead arrangers, investment banks, law firms, institutional investors and individual deals.

Hopkins and Barry Neal have served as co-leads of Wells Fargo’s group — which is part of the bank’s Commercial Capital business — for more than a decade, building the business into one of the largest and most consistent tax-equity investors in the U.S. To date, Wells Fargo has funded more than $7.5 billion in wind and solar projects throughout the U.S. In addition, through its Corporate & Investment Banking business, Wells Fargo provides traditional debt financing, capital markets and advisory services to renewable energy customers.

Between 2012 and 2017, Wells Fargo invested and financed more than $83 billion in renewable energy, clean technology, greener buildings, sustainable agriculture and other environmentally sustainable businesses. In 2018, the company announced it would provide $200 billion in financing to sustainable businesses and projects by 2030, with at least half of the pledged amount going to transactions that directly support the transition to a low-carbon economy, including renewable energy, green bonds and alternative transportation. In the first year of the commitment, Wells Fargo provided $23 billion in sustainable finance, with 63% of that directly supporting the transition to a low-carbon future.

“Wells Fargo’s strong performance on sustainability issues is a point of pride for our company and our team members,” said Mary Wenzel, head of Sustainability and Corporate Responsibility at Wells Fargo. “This award is a wonderful recognition of our efforts to accelerate the transition to a low-carbon economy and embed sustainability throughout our business.”

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,700 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 33 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Read more: Wells Fargo Named Bank Sector Tax Equity...

DUBLÍN, 21 de mayo de 2019 /PRNewswire/ -- Mainstream Renewable Power ("Mainstream" o "la compañía"), principal proveedor de plantas de energía solar y eólica a nivel global, anunció hoy los resultados auditados para el periodo de 12 meses terminado el 31 de diciembre de 2018 ("el periodo").

Lo más destacado

Finanzas – Año de transformación para la compañía

  • Beneficios record de 487,5 millones de euros (2017: pérdidas de 5,5 millones de euros) tras el éxito en la venta del proyecto de la granja eólica 450 MW Neart na Gaoithe en Escocia para EDF Group
  • Repago de toda la deuda corporativa (73 millones de euros)
  • Instalación de comercio de 90 millones de euros asegurada con DNB Bank ASA y HSBC Bank PLC, que se puede ampliar hasta los 200 millones de euros, sujeta al acuerdo, ofreciendo la libertad de buscar oportunidades de desarrollo a gran escala a nivel global
  • Mainstream sigue la pista para conseguir entre 700 y 800 millones de euros en finanzas de proyectos para 2019
  • La compañía ha vuelto a su estructura de propiedad de valor central, de propiedad privada de su fundador Eddie O'Connor, empleados y una pequeña base de inversores al por menor, tras una recompra de accionistas institucionales en septiembre de 2018

Operaciones – Despliegue sustancial de más megavatios que el resto de desarrolladores independientes

  • Más de 10,5 GW de nuevos proyectos en fase de desarrollo
  • 707 MW bajo construcción
  • 804 MW desplegados en la operación
  • Reconocimiento del Carbon Disclosure Project: Se concede A- (liderazgo)
  • Se estima que se han evitado una cifra neta de 998.340 toneladas métricas de CO2 en 2017
  • Huella ampliada para emparejarse a las ambiciones mundiales – se abren nuevas oficinas en Edimburgo, Colombia, Singapur y Australia

Previsiones – Está previsto que se convierta en un destacado de las renovables a nivel mundial

  • Mainstream se ha posicionado extremadamente bien para impulsar la expansión destacada y crecimiento por medio de sus mercados principales de Asia-Pacífico, Latinoamérica y África, además del sector eólico offshore mundial

Latinoamérica:

  • Ya es el principal desarrollador de energía renovable en Chile, contando con un destacado equipo chileno de 100 miembros
  • Se centra en el despliegue de la plataforma 1.3GW Andes Renovables, que se pondrá en funcionamiento comercial entre 2021 – 2022
  • Está en marcha la construcción de los proyectos Sarco y Aurora en Chile (299 MW) es parte de la sociedad mixta con Actis (Aela Energía) – y sus operaciones comerciales están previstas para la segunda mitad del año 2019
  • La granja eólica 33 MW Cuel lleva cinco años en funcionamiento comercial

Asia-Pacífico:

  • La asociación con el set Phu Cuong Group va a desplegar el principal proyecto eólico de Asia – la granja eólica offshore 800 MW Phu Cuong Soc Trang de Vietnam – cuya primera fase se espera que llegue a un cierre financiero en el año 2020
  • Hay en marcha un Memorando de Entendimiento para desplegar la cifra adicional de 1 GW solar en Vietnam, Camboya y Laos
  • Hay dos granjas eólicas en desarrollo en Filipinas, con una capacidad combinada de 120 MW

Offshore: 

  • Mainstream ha establecido su Centro de Excelencia Offshore en Edimburgo
  • Se buscan proyectos de forma activa en Reino Unido, La India, Vietnam y Estados Unidos

África:

  • Cifra adicional de 408 MW de proyectos bajo construcción; 250 MW de ellos construidos por Mainstream en Sudáfrica y una cifra adicional de 158 MW bajo construcción en Senegal
  • La plataforma Lekela Power (una sociedad mixta junto a Actis) cuenta con proyectos adicionales en Egipto (250 MW con un acuerdo de compra de energía) y Ghana (150 MW)

Andy Kinsella, consejero delegado del grupo de Mainstream, destacó: "Mainstream se ha posicionado para convertirse en uno de los destacados a nivel mundial dentro de las energías renovables al tiempo que se acelera la transferencia de capital, pasando de los combustibles fósiles a la energía sostenible". 

"Tras un año de transformación en el que hemos completado con éxito la venta de nuestra granja eólica en Escocia, ya contamos con una hoja de cuentas robusta, y no tenemos restricciones en nuestras ambiciones para ayudar a hacer crecer el desarrollo de las economías por medio del despliegue de la capacidad de energías renovables".

"Estamos listos para embarcarnos en una expansión significante en nuestros mercados principales de Asia-Pacífico, Latinoamérica y África, además de volver al sector eólico de tipo offshore de Reino Unido, donde anteriormente hemos desplegado 3,45GW de energía eólica offshore".

"La vuelta a nuestra estructura de propiedad principal indica que estamos listos para desplegar un crecimiento de material y sus retornos para los accionistas en la próxima década".

Acerca de Mainstream Renewable Power

Mainstream Renewable Power es el desarrollador más experimentado de plantas de energía solar y eólicas de servicios públicos a nivel mundial.

La compañía se dedica a ofrecer una cartera de alta calidad de más de 10,5 GW de activos eólicos y solares a lo largo y ancho de Latinoamérica, África y Asia-Pacífico.

A nivel mundial, Mainstream ha desplegado más de 800 MW de activos solares y eólicos dentro de las operaciones comerciales, y actualmente está construyendo 707 MW en Latinoamérica y África.

En Chile, Mainstream posee 1,3 GW en proyectos eólicos y solares en contratación total que van a llegar a un funcionamiento comercial en el año 2021.

Mainstream es líder mundial en el desarrollo de plantas eólicas de tipo offshore. Ha conseguid el éxito en el desarrollo de 4,5 GW de proyectos eólicos offshore en Reino Unido, que abarcan desde el concepto inicial hasta el consentimiento y la fase de preparación para construcción. Esta incluye la granja eólica offshore más grande del mundo; los proyectos Hornsea 1 y Hornsea 2, que actualmente se están construyendo en Reino Unido.

El proyecto eólico de tipo offshore Phu Cuong Soc Trang 800 MW de Mainstream es el desarrollo de energía renovable más grande del Sureste de Asia, al tiempo que la compañía ha pre-cualificado recientemente una licitación para el primer desarrollo eólico offshore de La India, la licitación eólica de tipo offshore Gujarat 1.000 MW. La compañía cuenta además con dos granjas eólicas en desarrollo en Filipinas.

Hasta el momento, Mainstream ha recaudado más de 1.800 millones de euros en financiamiento para proyectos y da empleo a 200 personas en cuatro continentes.

www.mainstreamrp.com

Contacto:

Emmet Curley, responsable de comunicaciones y posicionamiento
Teléfono: +353-86-2411-690 
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Jack Holden, FTI Consulting
Teléfono: +44(0)20-3727-1200
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Related Links

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SOURCE Mainstream Renewable Power

Read more: Mainstream Renewable Power: Resultados...

 

• GE will provide its record-setting HA gas turbine, the company’s most advanced and efficient technology, for the project in Michigan;
• Indeck Niles will be one of the most efficient energy centers of its kind in Michigan providing superior efficiency and environmental compliance;
• GE has secured 30+ orders for the HA in North America alone and 85+ orders globally and the HA recently surpassed 300,000 operating hours from 30+ commercially operating units.

GE will work through a contract with Kiewit Power Constructors (Kiewit), the engineering, construction and procurement (EPC) contractor on the project, to integrate two of GE’s 7HA.02 gas turbines into the approximately 1,000-megawatt power plant project. Indeck Niles which will become one of the most efficient energy centers of its kind in Michigan will be able to provide the equivalent electricity needed by 635,000 homes and businesses.

The developer of the project is Indeck Energy Services, Inc. The plant is owned 50 percent by Korea Southern Power Co. Ltd., 30 percent by Daelim Energy Co. Ltd. and 20 percent by Indeck Energy Services, Inc. and is scheduled to be completed in 2022. The construction of the plant is expected to create 500 union construction jobs and 21 full-time jobs for ongoing plant operations. The order also contains a GE steam turbine and generator, two heat recovery generators (HRSG), and a multi-year services agreement.

“We are very proud that the Indeck Niles Energy Center will not only be one of the most efficient energy centers of its kind in Michigan by using GE’s latest gas generation technology, but will also be a significant investment spurring the creation of jobs, tax revenue, and economic redevelopment for the City of Niles,” said Gerald R. Forsythe, Chairman and CEO of Indeck Energy Services, Inc.

“We are honored to be selected for this project and to bring our record-setting HA technology to this state-of-the-art facility,” said Dave Ross, President of Sales, North America for GE Power. “With the winning combination of GE’s latest technology and Kiewit’s construction expertise, the Indeck Niles Energy Center will be able to quickly produce flexible, reliable, and affordable electricity for years to come.”

GE’s HA fleet of gas turbines has surpassed more than 300,000 operating hours and has secured more than 85 orders from 35+ customers across more than 16 countries. The HA turbine has been recognized for powering the world’s most efficient power plants in both the 50hz and 60hz energy segments. GE also recently announced orders for the 7HA.02 gas turbine in the United States at Long Ridge Energy Center in Ohio and the Hill Top Energy Center in Pennsylvania.

About Kiewit
Kiewit is one of North America’s largest and most respected construction and engineering organizations. With its roots dating back to 1884, the employee-owned organization operates through a network of subsidiaries in the United States, Canada, and Mexico. Kiewit offers construction and engineering services in a variety of markets including transportation; oil, gas and chemical; power; building; water/wastewater; industrial; and mining. Kiewit had 2018 revenues of $9 billion and employs 20,000 staff and craft employees.

About Korea Southern Power Co., Ltd
KOSPO is one of generation companies in South Korea, which has domestic generation capacity of 11,264 MW (coal, LNG and renewable) and overseas capacity of 979MW (Chile 517MW CCPP, Jordan 373MW CCPP and wind & Photovoltaic power). KOSPO has the largest Combined cycle capacity among all generation companies in South Korea and the revenues based on 2018 is $5 billion with 2,300 staff. KOSPO firstly enters PJM Market among Korean Public corporations as the expertise with various experience of both construction and operation of combined cycle and continuously enhances to establish its position as a leader in electricity generation industry.

About Daelim Energy
DAELIM Energy (daelimenergy.com) is founded to be a global provider in the energy and infrastructure sectors with a particular focus on power and resources. Since it began operations in December 2013, DAELIM Energy intends to cover the full energy value chain of investment, development, financing, EPCM and O&M through its EPC track records, in-house O&M/procurement capabilities and relationship with major developers and financial institutions. DAELIM Energy is diversifying its portfolio from conventional power plants to renewables such as PV Solar, Wind and Biomass across the globe. In total, Daelim Energy has a capacity of 5,360MW, and will continue to take initiatives to expand its global presence.

About Indeck Energy Services, Inc.
Indeck Energy (IndeckEnergy.com) was established in 1985 as a developer, owner and operator of electricity and steam generation plants and is one of the leading developers and IPP's in North America. Indeck owns, has owned or developed over 4,000 MW of electric generation assets of which Indeck currently owns and operates six energy facilities. Indeck has closed numerous successful financings for energy generation plants In the United States and abroad totaling more than $2 billion. The Indeck development team has over 100 years of combined experience in the power generation industry, across operations, engineering, construction, development and financing.

About GE Power
GE Power (ge.com/power) is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption. Operating in more than 180 countries, our technology produces a third of the world’s electricity, equips 90 percent of power transmission utilities worldwide, and our software manages more than forty percent of the world’s energy. Through relentless innovation and continuous partnership with our customers, we are developing the energy technologies of the future and improving the power networks we depend on today.

Read more: GE’s HA Gas Turbine to Power Indeck Niles Energy...

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