NEW YORK, Feb. 16, 2019 /PRNewswire/ -- Mattel, Inc. (NASDAQ: MAT), the leading global childhood development and play company, was recognized at the 2019 Toy Industry Association's Toy of the Year (TOTY) Awards ceremony, winning the Toy of The Year Award in the Infant/Preschool category for the Fisher-Price Laugh & Learn Smart Learning Home and the Preschool category for the Fisher-Price Think & Learn Rocktopus, based on votes from toy retailers, media, TIA members and consumers.

Mattel, Inc. won the 2019 Toy of The Year Award in the Infant/Preschool category for the Fisher-Price Laugh & Learn Smart Learning Home and the Preschool category for the Fisher-Price Think & Learn Rocktopus.
Mattel, Inc. won the 2019 Toy of The Year Award in the Infant/Preschool category for the Fisher-Price Laugh & Learn Smart Learning Home and the Preschool category for the Fisher-Price Think & Learn Rocktopus.

"As a partner to parents for over 80 years, we're proud to continue to innovate and help kids grow, develop and build a broad set of skills in those most important first years," said Chuck Scothon, Global Head of Infant Preschool for Mattel. "We're honored that the Smart Learning Home and Rocktopus have been recognized for their fun learning and interactive play and are excited to continue the momentum into 2019."

The Fisher-Price Laugh & Learn Smart Learning Home teaches babies and toddlers through a unique modern experience of a smart home that includes an interactive hub and smart thermostat and eco-friendly play activities like a shape-sorter recycling bin, solar panel electric car charger and drop-through rain gutter balls.  The Fisher-Price Think & Learn Rocktopus is a first of its kind STEAM toy that brings creativity to the learning process by allowing kids to explore a variety of musical styles while learning about different instruments and rhythmic patterns.

The Toy Industry Association TOTY Awards are given to products for being the most outstanding, unique and creative toy introductions from the past year.

Nominated products cover all aspects of the industry. The TOTY ballot was overseen by the TOTY nominations committee, which is comprised of major retailers, TIA board members, toy trade journalists and academics.

About Mattel
Mattel is a leading global children's entertainment company that specializes in design and production of quality toys and consumer products. We create innovative products and experiences that inspire, entertain and develop children through play. We engage consumers through our portfolio of iconic franchises, including Barbie®, Hot Wheels®, American Girl®, Fisher-Price®, Thomas & Friends® and Mega®, as well as other popular brands that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming, music and live events. We operate in 40 locations and sell products in more than 150 countries in collaboration with the world's leading retail and technology companies. Since its founding in 1945, Mattel is proud to be a trusted partner in exploring the wonder of childhood and empowering kids to reach their full potential. Visit us online at

Lisa Fujioka
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Mattel, Inc.

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Using solar panels produces free, clean energy from the most efficient source - the sun. Going solar is an investment that gives great returns over a long period of time.

    SAN ANTONIO, TX, February 16, 2019 /24-7PressRelease/ -- The decision to invest in a solar and energy management system for a home involves several factors. Most homeowners look at upfront costs, potential volume of power that can be generated, leasing options vs. purchase, and energy bill savings. Every home and property is different, with different variables affecting how the system will be designed, and how much power it will produce.

That's why the solar experts at Erus Energy know the ins and outs of all of these factors. They have helped thousands of customers nationwide take advantage of clean, renewable energy, and save a lot on their energy bills by reducing, producing and monitoring their energy.

Solar solutions reduce energy waste

Reducing energy waste in a home can make a considerable difference in energy costs and usage. This step is an important part of home energy management. It is done by implementing energy efficient solutions into the home and making it run more efficiently. Beyond solar panel installation and usage, energy efficient solutions include:

- LED light bulbs
- Aeroseal. This product seals your ducts from the inside to make heating and cooling your home more efficient which in turn lowers your energy usage.
- Smart Home solutions including programmable thermostats, load controllers, and other solutions to improve the comfort in your home.

Financial optons for getting solar panels installed

Using solar panels produces free, clean energy from the most efficient source - the sun. Going solar not only protects against rising utility rates and lowers energy bills, but is an investment that gives great returns over a long period of time. To make the process of installing solar panels more feasible for a homeowner at any end of the economic spectrum, Erus Energy now offers multiple financial options.

Purchasing: It's possible to own your own system and take advantage of the best way to go solar – become energy independent. The highest cost benefit comes from owning the system, but also requires more upfront funding. However, Erus Energy will help homeowners qualify for Federal Tax Incentives through the Solar Tax Credit.

Leasing: Leasing is the most budget-friendly option for getting solar for a home or property. With predictable monthly rates, lease payments can be locked in with no increase in rates. Homeowners also continue to save on their energy costs each month, and they will see their energy bills begin to get lower over time. There is normally no upfront cost for leasing a solar energy system.

Solar PPA (Power Purchase Agreement): This is another great option to go solar while saving money on energy costs. Homeowners pay little or no upfront costs and instead purchase the power generated by their solar energy system rather than from their power company. Their monthly electric bill is lower, and rates are locked in for years to come, giving predictable solar electricity costs.

Erus Energy now has more than 8000 solar panel installations in five states, servicing such major cities as Tampa, Phoenix, Albuquerque, San Antonio, and Columbia SC, with more states launching in the near future.

Erus Energy is the industry leader in home solar energy systems, with over 8,000 systems installed since 2009 and an A+ rating with the Better Business Bureau. Erus is a fully integrated alternative energy company, offering financing, installation, ongoing maintenance, and service for solar panels to both commercial and residential customers in multiple markets across the US.

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Read more: Erus Energy Offers More Residential Solutions...

GUELPH, Ontario, Feb. 15, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced that it has won three solar power contracts with Alberta's Ministry of Infrastructure, for a total of 94 megawatts (MWp) of solar power system in southeast Alberta, with an average contracted PPA price of 48.05 Canadian dollars per megawatt-hour (MWh). When in operation, these solar plants will provide 55 percent of the electricity needs for Alberta provincial government. This is likely the largest public sector solar energy procurement contract in Canada in 2019.

"We see great potential in the Alberta solar market, and we're pleased to supply subsidy-free solar power to meet Alberta's clean energy needs. We hope these 94 MWp solar project contracts serve as a catalyst for solar industry growth in Canada, specifically in Alberta," said Shawn Qu, chairman and chief executive officer of Canadian Solar. "We are delighted to partner with Conklin Métis Local 193, the indigenous community, who owns a 50-percent equity stake in the Hays, Jenner and Tilley solar projects."

In the fall of 2018, Canadian Solar entered into a 50-percent equity partnership with Conklin Métis Local 193 on the three projects. The Conklin Métis are an indigenous community based in the rural hamlet of Conklin, part of the Athabasca Oil Sands region in eastern Alberta.

"We are extremely excited about our partnership with Canadian Solar, a global leader in solar energy. As a Métis community, we highly value the opportunity to invest in renewable energy projects within Canada," said Shirley Tremblay, president of the Conklin Métis Local 193. "This partnership will help us diversify our investment portfolio, and its financial benefits will support key social and economic initiatives within our community. We applaud the Government of Alberta and Canadian Solar for their progressive mentality and look forward to a long-lasting, prosperous relationship."

The three projects in the contracts are the Jenner, Tilley, and Hays solar projects. Once completed in early 2021, these solar plants are expected to generate enough power for more than 20,000 homes. During the construction of the three solar projects, an estimated 270 jobs will be created in Alberta.

All three projects are expected to use bifacial solar panels, which generate up to 20 percent more energy than standard solar modules due to their ability to produce electricity from both their front and back sides. These modules are particularly well-suited to snowy climates like Alberta in the winter, as snow will increase reflection of sunlight.

About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest and foremost solar power companies. It is a leading manufacturer of solar photovoltaic modules and provider of solar energy solutions and has a geographically diversified pipeline of utility-scale power projects in various stages of development. Over the past 18 years, Canadian Solar has successfully delivered over 32 GW of premium quality modules to customers in over 150 countries around the world. Canadian Solar is one of the most bankable companies in the solar industry, having been publicly listed on NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit

Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as Japan, the U.S., India and China; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F filed on April 26, 2018. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

SOURCE Canadian Solar Inc.

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ST. LOUIS, Feb. 15, 2019 /PRNewswire/ -- Ameren Missouri announced this week the largest infrastructure upgrade plan in the company's history. The Smart Energy Plan includes more than 2,000 electric projects over the next five years that will modernize the energy grid and enhance how customers receive and consume electricity for generations to come, all while keeping electric rates stable and predictable.

"Building a smart grid for the future of energy in Missouri is foundational to our mission to power the quality of life for our customers and the communities we serve for generations to come," said Michael Moehn, president of Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE). "We have developed a forward-thinking and customer-focused infrastructure upgrade plan that will not only produce a grid that is more reliable and resilient, but also be able to accommodate more renewable energy. Our Smart Energy Plan will position us to deliver on our promises to provide more customer benefits, while at the same time keeping rates stable and predictable."

Ameren Missouri filed the plan with the Missouri Public Service Commission (PSC) on Thursday. The forward-thinking plan was driven by constructive energy legislation (Missouri Senate Bill 564) that was enacted in 2018. That legislation was widely supported by customers, business organizations, unions and a bipartisan majority of the Missouri General Assembly.

The PSC filing, including a five-year capital investment overview and detailed one-year plan for 2019, sets forth the projects Ameren Missouri plans to implement to modernize energy grid infrastructure in Missouri to benefit its customers and offer them more tools to manage their energy usage.

Upgrades in reliability, resilience and service throughout the energy company's 24,000-square-mile service territory are the foundation of the plan. Highlights include:

  • More than 2,000 infrastructure improvement projects across the state totaling $5.3 billion in capital investments over the next five years, including approximately $1 billion in electric investments in 2019.
  • Major renewable energy projects to continue the transition to a cleaner energy future for customers, including $1 billion for wind energy in 2020. This also includes modernizing the energy grid to allow Ameren Missouri to add more solar energy and battery storage on the system to cost-effectively boost reliability, particularly in rural areas.
  • New smart grid sensors, switches and self-healing equipment to rapidly detect and isolate outages – reducing the number of outages and speeding power restoration when service interruptions occur.
  • A stronger, more secure energy delivery backbone including installing 12,000 new utility poles for storm hardening, many fortified with composite materials to better withstand severe weather.
  • More than 400 miles of new underground cable and equipment to create a more efficient and reliable underground energy delivery system that better serves customers.
  • More than 70 new or upgraded substations to increase energy service reliability and serve more customers through a streamlined network that is more cost-effective and efficient.
  • Adding more than 800,000 smart electric meters through 2023 to give customers more insight and control of their energy options and costs.

Additional Smart Energy Plan Highlights:

  • Stable rates in the form of a 6 percent rate cut that took effect last August, a base rate freeze until April 2020, and first-ever caps on rate increases.
  • Creation of thousands of direct and indirect jobs in Missouri communities as a result of more than 2,000 planned projects.
  • Economic development incentives to qualifying new and existing businesses to encourage local businesses to grow and to attract new businesses to Missouri, creating jobs and supporting economic vitality in communities across the state.

"Our customer-focused plan supports Ameren Missouri's vision to lead the way to a secure energy future, making our state an even better place to live and do business," Moehn said.

Customers can learn more about the plan at, or by attending an informational public stakeholder meeting that opens at 5:30 p.m. March 4 at the Millbottom Event Center, 400 W. Main St. in Jefferson City, Mo., with a presentation starting at 6 p.m.

To view the complete Smart Energy Plan filing, including detailed projects in 2019, visit the Missouri PSC website at and refer to File No. EO-2019-0044.

Ameren Missouri has been providing electric and natural gas service for more than 100 years, and the company's electric rates are among the lowest in the nation. Ameren Missouri's mission is to power the quality of life for its 1.2 million electric and 130,000 natural gas customers in central and eastern Missouri. The company's service area covers 64 counties and more than 500 communities, including the greater St. Louis area. For more information, visit or follow us on Twitter at @AmerenMissouri or

(Editor's note to media: Downloadable photos, video and audio are available in Ameren's media room.)  


Statements in this release not based on historical facts are considered "forward-looking" and, accordingly, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although such forward-looking statements have been made in good faith and are based on reasonable assumptions, there is no assurance that the expected results will be achieved. These statements include (without limitation) statements as to future expectations, beliefs, plans, strategies, objectives, events, conditions, and financial performance. In connection with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we are providing this cautionary statement to identify important factors that could cause actual results to differ materially from those anticipated. The following factors, in addition to those discussed under Risk Factors in Ameren Corporation's Annual Report on Form 10-K for the year ended December 31, 2017, and elsewhere in this release and in our other filings with the Securities and Exchange Commission, could cause actual results to differ materially from management expectations suggested in such forward-looking statements:

  • regulatory, judicial, or legislative actions, and any changes in regulatory policies and ratemaking determinations, such as Ameren Missouri's requested certificate of convenience and necessity for a wind generation facility filed with the Missouri Public Service Commission in October 2018, the appeal filed by the Missouri Office of Public Counsel in January 2019 in the renewable energy standard rate adjustment mechanism case, and future regulatory, judicial, or legislative actions that change regulatory recovery mechanisms;
  • the effect of Missouri Senate Bill 564 on Ameren Missouri, including as a result of Ameren Missouri's election to use PISA and the resulting customer rate caps;
  • the effects of changes in federal, state, or local laws and other governmental actions, including monetary, fiscal, and energy policies;
  • the effects of changes in federal, state, or local tax laws, regulations, interpretations, or rates, amendments or technical corrections to the Tax Cuts and Jobs Act of 2017 ("TCJA"), and challenges to the tax positions we have taken, if any;
  • the effects on demand for our services resulting from technological advances, including advances in customer energy efficiency, energy storage, and private generation sources, which generate electricity at the site of consumption and are becoming more cost-competitive;
  • our ability to align overall spending, both operating and capital, with frameworks established by our regulators and to recover these costs in a timely manner in our attempt to earn our allowed returns on equity;
  • the effectiveness of our risk management strategies and our use of financial and derivative instruments;
  • the ability to obtain sufficient insurance, including insurance for Ameren Missouri's Callaway energy center, or, in the absence of insurance, the ability to recover uninsured losses from our customers;
  • the impact of cyberattacks on us or our suppliers, which could, among other things, result in the loss of operational control of energy centers and electric and natural gas transmission and distribution systems and/or the loss of data, such as customer, employee, financial, and operating system information;
  • business and economic conditions, including their impact on interest rates, collection of our receivable balances, and demand for our products;
  • disruptions of the capital markets, deterioration in our credit metrics, including as a result of the implementation of the TCJA, or other events that may have an adverse effect on the cost or availability of capital, including short-term credit and liquidity;
  • the actions of credit rating agencies and the effects of such actions;
  • the inability of our counterparties to meet their obligations with respect to contracts, credit agreements, and financial instruments;
  • the impact of weather conditions and other natural phenomena on us and our customers, including the impact of system outages;
  • the construction, installation, performance, and cost recovery of generation, transmission, and distribution assets;
  • the effects of breakdowns or failures of equipment in the operation of natural gas transmission and distribution systems and storage facilities, such as leaks, explosions, and mechanical problems, and compliance with natural gas safety regulations;
  • the effects of breakdowns or failures of equipment that can case unplanned liabilities or outages;
  • the operation of Ameren Missouri's Callaway energy center, including planned and unplanned outages, and decommissioning costs;
  • the impact of current environmental laws and new, more stringent, or changing requirements, including those related to carbon dioxide and the proposed repeal and replacement of the Clean Power Plan and potential adoption and implementation of the Affordable Clean Energy rule, other emissions and discharges, cooling water intake structures, coal combustion residuals, and energy efficiency, that could limit or terminate the operation of certain of Ameren Missouri's energy centers, increase our operating costs or investment requirements, result in an impairment of our assets, cause us to sell our assets, reduce our customers' demand for electricity or natural gas, or otherwise have a negative financial effect;
  • the impact of complying with renewable energy requirements in Missouri;
  • Ameren Missouri's ability to acquire wind and other renewable generation facilities and recover its cost of investment and related return in a timely manner, which is affected by the ability to obtain all necessary project approvals; the availability of federal production and investment tax credits related to renewable energy and Ameren Missouri's ability to use such credits; the cost of wind and solar generation technologies; and Ameren Missouri's ability to obtain timely interconnection agreements with Midcontinent Independent System Operator, Inc. or other regional transmission organizations, including the costs of such interconnections;
  • labor disputes, work force reductions, changes in future wage and employee benefits costs, including those resulting from changes in discount rates, mortality tables, returns on benefit plan assets, and other assumptions;
  • the impact of negative opinions of us or our utility services that our customers, legislators, or regulators may have or develop, which could result from a variety of factors, including failures in system reliability, failure to implement our investment plans or to protect sensitive customer information, increases in rates, or negative media coverage;
  • the impact of adopting new accounting guidance;
  • the effects of strategic initiatives, including mergers, acquisitions, and divestitures;
  • legal and administrative proceedings; and
  • acts of sabotage, war, terrorism, or other intentionally disruptive acts.

New factors emerge from time to time, and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained or implied in any forward-looking statement. Given these uncertainties, undue reliance should not be placed on these forward-looking statements. Except to the extent required by the federal securities laws, we undertake no obligation to update or revise publicly any forward-looking statements to reflect new information or future events.

SOURCE Ameren Corporation

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DUBLIN, Feb. 15, 2019 /PRNewswire/ --

The "3D Metrology Market by Offering (Hardware, Software, Services), Product (CMM, ODS, VMM, 3D AOL), Application (Reverse Engineering, Quality Control & Inspection, Virtual Simulation), End-user Industry, and Geography - Global Forecast to 2024" report has been added to's offering.

The 3D metrology market was valued at USD 9.5 billion in 2018 and is expected to reach USD 16.2 billion by 2024, at a CAGR of 9.3% from 2018 to 2024.

The major driving factors for the 3D metrology market are the highly accurate inspection owing to 3D data for modeling and analysis, focus on quality control, and an increase in R&D spending. However, lack of expertise to efficiently handle 3D metrology systems and high cost incurred for setting up the 3D metrology facility are expected to limit the growth of this market.

Hardware segment to hold largest market share among other offerings in 2018

Increasing adoption of 3D metrology equipment in industries such as aerospace & defense, automotive, architecture and construction, medical, electronics, energy & power, and heavy machinery to maintain product quality is the major driver for the growth of the hardware market. Also, the growing market for CMM drives the growth of hardware offering in the 3D metrology market. CMM is required in the automotive industry for inspection, measurement, and quality checking of various components. The automotive industry has been increasingly using optical measurement systems and CMMs instead of conventional strain gauges, accelerometers, transducers, and extensometers for improving the safety and comfort level of a vehicle.

3D AoI to grow at highest CAGR from 2018 to 2024

3D AoI inspection technology serves as an effective tool for volumetric and co-planarity inspections. It also provides details on height information of lead tips, BGAs, chip components, and reflowed solder fillets, as well as critical dimensional information of any height-sensitive component.

Reverse engineering continues to grow at a significant rate during forecast period

Reverse engineering is used in industries for 3D modeling, reconstruction from the scanned data, and data for digital simulation. Both CMMs and 3D scanners are used for reverse engineering. However, using 3D scanners is advantageous as the measurement of soft or fragile parts, and detection of a large number of points can be done in a short time. Reverse engineering is used in areas such as turbine blades, car body parts, engine parts, gears, antennas, boat parts, and medical implants.

Aerospace & defense industry is among major contributors in 3D metrology market

Manufacturing and assembling of an aircraft require a high level of accuracy in which 3D metrology plays a vital role. In the aerospace industry, 3D metrology processes are used for making precision parts such as frames, wings, sub-assemblies, simulators, test beds, and engines. In 3D metrology, laser trackers and portable arm coordinate measuring machines are used to ensure that the calibration of the equipment meets the quality standards and regulations for critical aerospace and aeronautic components.

North America to witness the highest growth during forecast period

The large market share is owing to the growing aerospace and automotive industries in North America and the presence of a large number of distributors for metrology equipment. The continuous technological advancements and financial support from the government further propel the growth of this market. Also, the presence of a number of automobile manufacturers and research institutes in this region has increased the demand for 3D metrology equipment, which is fuelling the growth of the North American 3D metrology market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the 3D Metrology Market
4.2 3D Metrology Market, By Offering
4.3 3D Metrology Market, By Application
4.4 Product and Industry Snapshot of 3D Metrology Market
4.5 US Held Largest Share of 3D Metrology Market (2018)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Highly Accurate Inspection Owing to Three-Dimensional Data for Modelling and Analysis Increase in R&D Spending Focus on Quality Control
5.2.2 Restraints High Cost Incurred for Setting Up 3D Metrology Facility Lack of Expertise to Efficiently Handle 3D Metrology Systems
5.2.3 Opportunities Cloud Computing Services Offer Effective Cost and Time Saving Rise in Demand for Industry 4.0 Upsurge in Demand for 3D Metrology Services Increase in Rentals and Leasing Services
5.2.4 Challenges Lack of Simplified Software Solutions

6 3D Metrology Market, By Offering
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Services
6.4.1 After-Sales Services
6.4.2 Software as A Service
6.4.3 Storage as A Service
6.4.4 Measurement Services

7 3D Metrology Market, By Product
7.1 Introduction
7.2 Coordinate Measuring Machine (CMM)
7.3 Coordinate Measuring Machine (CMM)
7.3.1 Bridge CMM
7.3.2 Gantry CMM
7.3.3 Horizontal Arm CMM
7.3.4 Cantilever CMM
7.3.5 Articulated Arm CMM
7.4 Optical Digitizer and Scanner (ODS)
7.4.1 3D Laser Scanner
7.4.2 Structured Light Scanner
7.4.3 Laser Tracker
7.5 Video Measuring Machine (VMM)
7.5.1 Vision System
7.5.2 Measuring Microscope
7.5.3 Optical Comparator
7.5.4 Multisensor Measuring System
7.6 Automated Optical Inspection
7.7 Form Measurement

8 3D Metrology Market, By Application
8.1 Introduction
8.2 Quality Control and Inspection
8.3 Reverse Engineering
8.4 Virtual Simulation
8.5 Other Applications

9 3D Metrology Market, By End-User Industry
9.1 Introduction
9.2 Aerospace & Defense
9.2.1 Aircraft Components
9.2.2 Defense
9.2.3 Space Exploration
9.3 Automotive
9.3.1 Automotive Design & Styling
9.3.2 Pilot Plant Metrology
9.3.3 Automotive Component Inspection
9.3.4 Others
9.4 Architecture & Construction
9.5 Medical
9.5.1 Orthopedics and Prosthetics
9.5.2 Medical Devices
9.5.3 Dental
9.6 Electronics
9.7 Energy & Power
9.7.1 Turbines (Gas, Wind, & Hydro)
9.7.2 Solar Panel
9.8 Heavy Machinery Industry
9.9 Mining
9.10 Others

10 Geographic Analysis

11 Competitive Landscape
11.1 Overview
11.2 Key Strategies Adopted By Top Players
11.2.1 Product Launches
11.2.2 Partnerships, Contracts, Agreements, and Collaborations
11.3 Mergers & Acquisitions
11.4 Microquadrants
11.4.1 Visionary Leaders
11.4.2 Dynamic Differentiators
11.4.3 Innovators
11.4.4 Emerging Companies
11.5 Strength of Product Offering (26 Companies)
11.6 Business Strategy Excellence (26 Companies)

12 Company Profiles
12.1 Key Players
12.1.1 Hexagon
12.1.2 Faro Technologies
12.1.3 Nikon Metrology
12.1.4 Carl Zeiss
12.1.5 Kla-Tencor
12.1.6 Jenoptik
12.1.7 Renishaw
12.1.8 Mitutoyo Corporation
12.1.9 GOM
12.1.10 Creaform
12.1.11 Perceptron
12.1.12 3D Digital Corporation
12.1.13 Automated Precision
12.2 Other Players
12.2.1 Jlm Advanced Technical Services
12.2.2 Precision Products
12.2.3 Carmar Accuracy

For more information about this report visit

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets

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MECCA, Calif. and HOUSTON, Feb. 15, 2019 /PRNewswire/ -- Sunpin Solar, a California-based solar developer, and Direct Energy Business, part of Direct Energy, one of North America's largest energy and energy-related services providers, and a subsidiary of Centrica PLC, announce a renewable energy power purchase agreement (PPA) for the full output of the recently completed ColGreen North Shore Power Plant. The renewable energy PPA covers the full 96.75 MW DC / 74.8 MW AC capacity of the solar project and will serve Direct Energy Business' retail energy customers in California. This agreement is one of the first instances an energy service provider (ESP) has enabled a project of this size in California. 

"California is a very competitive market for utility-scale solar developers, and I am proud of the Sunpin Solar team for the successful implementation of this new innovative Structured PPA with Direct Energy Business. This agreement sets the stage for our plans to build at least another 200 MW of solar in California," said Tom Li, President of Sunpin Solar.

Situated on 485 acres of land in the city of Mecca, CA, near the Salton Sea, the project has been operational since January 2019. The ColGreen North Shore Solar Power Plant is interconnected to the Imperial Irrigation District (IID) Utility grid and has delivery capability into the California Independent System Operator (CAISO) territory. The single-axis tracking system has an expected annual production of over 210,000 MWh, which would be enough solar energy to power 22,300 homes per year according to the U.S. Environmental Protection Agency's Greenhouse Gas Equivalencies Calculator.

"Energy Service Providers like Direct Energy Business can enable investments in renewables to help California reach its energy policy goals," said David Brast, Senior Vice President, North America Power and Gas, Direct Energy Business. "As California continues to evolve into a competitive energy market, we will work with suppliers like Sunpin Solar to deliver more energy choices for our Direct Access (DA) and Community Choice Aggregation (CCA) customers. This renewable energy PPA with Sunpin Solar is an important milestone in this journey and aligns with Centrica's commitment to provide products and services that lead to a lower carbon future."

The ColGreen North Shore Solar Power Plant displaces the CO2 equivalent of over 100,000 acres of trees and will offset greenhouse gas (GHG) emissions of over 32,000 vehicles driven each year, per the U.S. Environmental Protection Agency's Greenhouse Gas Equivalencies Calculator. The project created 425 local jobs at the peak of construction in an area classified as disproportionately burdened by pollution and with population characteristics more sensitive to pollution by the CalEPA. The completion of the project was celebrated with a ribbon-cutting ceremony on February 15th.

About Sunpin Solar
Sunpin Solar is a leading solar energy development and investment company that acquires develops and finances utility-scale solar projects globally. Based in Irvine, California, Sunpin Solar is primarily focused on superior project development, asset management, financing, engineering, procurement, construction management and operations of commercial and utility photovoltaic solar plants. Sunpin Solar has developed and built projects in California, Massachusetts, Maryland, Illinois, and several other states. Sunpin Solar currently has more than 600 MW's in its development pipeline. For more information, please visit:  

About Direct Energy
Direct Energy is one of North America's largest retail providers of electricity, natural gas, and home and business energy-related services with over four million customers. Direct Energy gives customers choice, simplicity, and innovation where energy, data, and technology meet. A subsidiary of Centrica plc (LSE: CNA), an international energy and services company, Direct Energy, its subsidiaries and/or affiliates, operate in 50 U.S. states plus the District of Columbia and four provinces in Canada. To learn more about Direct Energy, please visit

SOURCE Direct Energy

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SUGAR LAND, Texas, Feb. 15, 2019 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--Duke Energy Corporation (Charlotte, North Carolina) has been retiring coal and building out its natural gas-fired and solar power plant footprint. The company is progressing with such projects in the southeastern U.S., particularly in Florida and North Carolina.

In the company's recent fourth-quarter 2018 earnings conference call, Chief Executive Officer Lynn Good spoke about Duke's strategies. Good said, "We have outlined plans to reduce our carbon emissions by 40% by 2030. ... We've retired more than 6 gigawatts of coal generation since 2011, including two Crystal River units in Florida that were retired in December. Over the next six years, we plan to retire another 1,200 megawatts (MW) of coal generation and replace it with lower-carbon alternatives such as renewables and natural gas-fired facilities."

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.


Brian Ford

(713) 980-9393

SOURCE Industrial Info Resources, Inc.

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MONTRÉAL, Feb. 15, 2019 /PRNewswire/ - The Board of Directors of Boralex Inc. (TSX: BLX) ("Boralex" or the "Corporation") has declared a quarterly dividend of $0.165 per common share. This dividend will be paid on March 15, 2019 to shareholders of record at the close of business on February 28, 2019. Boralex has designated this dividend as an eligible dividend within the meaning of Section 89(14) of the Income Tax Act (Canada) and all provisions of provincial laws applicable to eligible dividends.

About Boralex

Boralex develops, builds and operates renewable energy power facilities in Canada, France, the United Kingdom and the United States. A leader in the Canadian market and France's largest independent producer of onshore wind power, the Corporation is recognized for its solid experience in optimizing its asset base in four power generation types — wind, hydroelectric, thermal and solar. Boralex ensures sustained growth by leveraging the expertise and diversification developed over the past 25 years. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB.A, respectively. More information is available at or Follow us on Facebook, LinkedIn and Twitter.

Caution regarding forward-looking statements

Some of the statements contained in this press release, including those regarding expected EBITDA(A) and accretion to discretionary cash flow per share, are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measures it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular projection. Boralex considers the assumptions on which these forward-looking statements are based to be reasonable at the time they were prepared, but cautions that these assumptions regarding future events, many of which are beyond the control of the Corporation, may ultimately prove to be incorrect.

Certain forward-looking information such as expected EBITDA(A) and accretion to discretionary cash flows per share and forward-looking statements are subject to important assumptions, including: (i) assumptions as to the performance of the Corporation's projects based on management estimates and expectations with respect to wind and other factors, (ii) assumptions as to general industry and economic conditions and (iii) assumptions as to EBITDA(A) margins. While the Corporation considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect.

The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes.

SOURCE Boralex Inc.

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SANTA CLARA, Calif., Feb. 15, 2019 /PRNewswire/ -- The market for commercial battery energy storage is opening up as a result of feed-in tariffs and net metering revisions in commercial photovoltaic (PV) hotspots, subsidies and tax incentives, affordable lithium-ion batteries, and rising electricity. In addition, the rise of the self-consumption model and digitization are encouraging manufacturers to provide value-added functionalities, and many have already started incorporating energy intelligence in the storage systems. This will allow customer-sited energy storage systems to participate in the local ancillary grid services market and tap new revenue opportunities. According to Frost & Sullivan, the commercial battery storage market is expected to show enormous growth, rising from $160.4 million in 2017 to $1.6 billion by 2025.

"Solar paired with storage is increasingly becoming attractive to consumers due to falling solar PV and battery prices as well as the perceptible shift towards decentralized energy," said Utham Ganesh Research Analyst Energy & Environment. "The growth of electric vehicles in key global markets is expected to further spur the adoption of commercial battery storage due to its ability to stabilize the grid and generate additional revenue streams."

Frost & Sullivan's recent analysis, Commercial Battery Energy Storage Market in Key Markets, Forecast to 2025, examines the global market for commercial battery storage. It presents country-wise drivers and restraints, competitive analyses, market trends, policies, growth opportunities, trends, and revenue forecasts from 2017 to 2025. The geographical scope of the study includes key European markets such as Germany, the UK, Italy, France, Spain, Austria, Switzerland, the Netherlands, the Nordics, as well as the US and Australia.

For further information on this analysis, please visit:

"Germany and the UK will be the two biggest markets for commercial energy storage in Europe, driven by customers' desire to avoid TRIAD charges and make the most of the opportunities offered by the local energy trading markets," noted Ganesh. "The US market will grow the most globally due to the high demand charges for commercial installations, attractive incentives for solar and storage, and a slowdown in the feed-in tariff and net metering schemes. Australia is likely be the biggest market outside of the US due to the expensive electricity and companies' focus on energy independence from the grid."

Additional growth opportunities for battery manufacturers include:

  • Incorporation of machine learning algorithms to develop smart self-learning systems.
  • The United States, Australia, Germany and the United Kingdom were the dominant markets in 2017, accounting for 84.3 percent of all installed units from the countries analyzed. By 2025, these countries are forecast to contribute annual revenues of $1.5 billion.
  • Fostering partnerships with energy management solution providers to develop in-built cloud-based battery monitoring and fault diagnosis platform with relevant cyber security measures.
  • Collaborations with storage and energy management companies to build in Artificial Intelligence, predictive and maintenance analytics, and blockchain for superior control over commercial energy usage.
  • Gaining a deep understanding of the local regulatory energy markets and incentive policies in order to work with customers from the initial phase.
  • Customization and sizing of batteries according to the building load profile following an individual business case analysis.
  • Provision of bundled integrated energy services with suitable software and technology-agnostic battery solutions.

Commercial Battery Energy Storage Market in Key Markets, Forecast to 2025 is part of Frost & Sullivan's global Energy Storage Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Commercial Battery Energy Storage Market in Key Markets, Forecast to 2025

Jaylon Brinkley
T: 210.241.2487
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Frost & Sullivan

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Shakti Pumps (India) Ltd., one of India’s leaders in energy efficient pumps & solar energy solutions, announced a robust financial performance for 9 months ending 31 Dec 2018. Its revenues registered a year-on-year increase of 26% stood at Rs. 389.35 crore in 9 Months FY19 as compared to Rs.307.68 crore for the same period in FY18. Company registered revenue of Rs 152.16 cr in Q3 which was Rs 148.67 Cr in last year same quarter.

(In INR Crore)

Particulars Nine Month FY19 Nine Month FY18 Percentage increase
Revenues 389.35 307.68 26%
EBIDTA 63.76 56.17 14%
PAT 28.91 24.74 17%
EPS 15.52 13.34 17%
EBIDTA during 9 months ending period registered an increase of 14% to Rs.63.76 crore as compared to Rs. 56.17 crore in. The PAT is 17% up at Rs. 28.91 crore as compared to Rs. 24.74 crore in Nine Month FY19.

The company’s performance has continued due to growing demand of solar & energy efficient pumps & solar solutions across rural, horticulture and industrial customers. Commenting on the results, Mr. Dinesh Patidar, Managing Director, Shakti Pumps (India) Limited said, “Our performance during the last 9 months reinforces our leadership position through focus on customer centricity, energy efficiency and renewable energy led solutions. We believe that with the various government measures announced recently, both rural and solar (renewable) demand will continue to see a demand upsurge. As leaders in this segment, we are confident of meeting growth opportunities that will help us with our continued performance."

Read more: Shakti Pumps Delivers Stellar Performance With a...

Set in the year 2093, NIGHTFLYERS follows a team of scientists aboard the Nightflyer, the most advanced ship ever built, as they embark on a journey to find other life forms. Their mission takes them to the edge of the solar system, and to the edge of insanity, as they realize true horror isn't waiting for them in outer space—it's already on their ship.

NIGHTFLYERS: SEASON ONE features an ensemble cast including Eoin Macken ("The Night Shift"), Sam Strike ("EastEnders"), Maya Eshet ("Teen Wolf"), Angus Sampson ("Fargo"), Jodie Turner-Smith ("The Last Ship"), Gretchen Mol ("Boardwalk Empire"), David Ajala ("Fast & Furious 6") and Brían F. O'Byrne ("Million Dollar Baby").

For artwork, please log onto our website at

Street Date: February 12, 2019
Selection Number: 61200295 (US)
Layers: BD 50
Aspect Ratio: 16:9 2.00:1 Anamorphic Widescreen
Rating: Not Rated
Languages/Subtitles: English SDH
Sound: English DTS-HD Master Audio 5.1
Run Time: 7 Hours, 30 Minutes

Street Date: February 12, 2019
Selection Number: 61200318 (US)
Layers: DVD 9
Aspect Ratio: 16:9 2.00:1 Anamorphic Widescreen
Rating: Not Rated
Languages/Subtitles: English SDH
Sound: English Dolby Digital 5.1
Run Time: 7 Hours, 30 Minutes

About SYFY
SYFY is a global, multiplatform media brand that gives science fiction fans of all kinds a universe to call home. Celebrating the genre in all its forms, SYFY super-serves passionate fans with original science fiction, fantasy, paranormal and superhero programming, live event coverage and imaginative digital and social content. The brand is powered by SYFY WIRE (, the premier portal for breaking genre news, insight and commentary. SYFY is a network of NBCUniversal, one of the world's leading media and entertainment companies. NBCUniversal is a subsidiary of Comcast Corporation.

About Universal Pictures Home Entertainment
Universal Pictures Home Entertainment (UPHE – is a unit of Universal Filmed Entertainment Group (UFEG). UFEG produces, acquires, markets and distributes filmed entertainment worldwide in various media formats for theatrical, home entertainment, television and other distribution platforms, as well as consumer products, interactive gaming and live entertainment. The global division includes Universal Pictures, Focus Features, Universal Pictures Home Entertainment, Universal Brand Development, Fandango, DreamWorks Animation Film and Television and Awesomeness.  UFEG is part of NBCUniversal, one of the world's leading media and entertainment companies in the development, production and marketing of entertainment, news and information to a global audience.  NBCUniversal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, world-renowned theme parks and a suite of leading Internet-based businesses. NBCUniversal is a subsidiary of Comcast Corporation.

Kylie Burnett
Global Publicity
Universal Pictures Home Entertainment
This email address is being protected from spambots. You need JavaScript enabled to view it. 

SOURCE Universal Pictures Home Entertainment

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Antwerpen Hyundai Columbia of Baltimore delivered the 2019 Hyundai Kona Electric to Dr. Donald Small at his place of work at The Johns Hopkins Children's Center and handed the keys to the first Kona Electric sold in the U.S.  Named the 2019 North American Utility Vehicle of the Year—together with the Hyundai Kona—the 2019 Hyundai Kona Electric rides on an all-new CUV platform and is Hyundai's first compact electric crossover for the U.S. market.  Kona Electric can travel up to 258 miles on a single charge. 

"As a strong advocate for eco-friendly living—which includes doing my part to reduce carbon emissions from the energy we consume—I've equipped my home with 64 solar panels connected to the utility power grid, and the surplus renewable energy we produce is fed onto the grid. By implementing renewable energy generation with net-metering, we rely less on the grid and produce more than 90% of our energy use," said Dr. Donald Small. "I've also been driving an electric vehicle for more than seven years, and today, I finally have the opportunity to upgrade my EV and support a quality brand that has committed over 15 years in funding pediatric cancer research." 

"Nothing makes me prouder than to hand the keys to the very first 2019 Hyundai Kona Electric sold in the U.S. to Dr. Donald Small," said John Szymanski, General Manager, Mid-Atlantic Region, Hyundai Motor America." We share many common values including our commitment to supporting and funding pediatric cancer research through Hyundai's Hope On Wheels program and our joint commitment to a clean environment."

Over the last 15 years, the Hyundai Hope On Wheels program, which funds pediatric cancer research, has provided more than $2 million in grants to The Johns Hopkins Kimmel Cancer Center Division of Pediatric Oncology. 

The Kona Electric powertrain employs a high-efficiency 150 kW (201 horsepower) permanent-magnet synchronous electric motor supplied by a high-voltage 64 kWh lithium-ion battery. The motor develops 291 lb.-ft. of torque distributed to the front wheels. The powertrain inverter has a power density of 25.4 kVA per liter. The battery system is liquid-cooled and operates at 356 volts. Battery pack energy density is 141.3 Wh/kg (greater than Chevy Bolt), with a total battery system weight under 1,000 lbs. In addition, Kona Electric EPA-estimated MPGe is 132 city, 108 highway, and 120 combined.

The Kona Electric utilizes a standard Level-II on-board charging system capable of a 7.2 kW rate of charge for rapid recharging characteristics. Kona Electric estimated range is a segment-leading 258 miles, meeting the varying needs of owner lifestyles. An eighty percent charge can be achieved in 54 minutes with a Level-III quick charge (zero to 80 percent charge @ 100 kW charging capability), using the SAE-Combo charging port, while a 7.2 kW Level-II charger takes nine hours and thirty-five minutes. This fast-charging capability is standard on the Kona Electric. For charging convenience, the charging port is located in the front grille area for head-in parking ease whenever charging is needed. Kona Electric battery is covered by Hyundai's industry leading Lifetime Battery Warranty.

Kona Electric also offers available advanced active safety features, including standard Forward Collision-Avoidance Assist (FCA), which uses the car's front-facing camera to help detect an imminent collision and avoid impact or minimize damage by braking autonomously. Three additional available systems also utilize the standard front-view camera to boost safety and convenience: Lane Keeping Assist (LKA), High Beam Assist (on LED-headlight-equipped models), and Driver Attention Warning (DAW).

By sensing road markings, Lane Keeping Assist helps to prevent accidental lane departure by automatically steering the car if required. High Beam Assist automatically controls the high beam headlights depending on surroundings, while the Driver Attention Warning system monitors a spectrum of driver-related characteristics to help detect driver fatigue or careless driving.

Available Kona Electric radar systems also assist with the Blind-Spot Collision Warning (BCW) to help detect approaching vehicles that may be obscured from view during highway driving. The Rear Cross-Traffic Collison-Avoidance Assist helps detect when another vehicle may have entered the car's rearward path, such as backing out of a parking spot, and may provide a driver alert and automatic braking assistance.

Kona Electric offers a full suite of sophisticated technologies paired with user-friendly functionality to keep passengers informed and entertained. The premium infotainment system offers various advanced connectivity features, including standard Android Auto™ and Apple CarPlay™, SiriusXM® Radio, HD Radio and next-generation Blue Link® LTE-powered connectivity. The standard seven-inch color LCD display includes AM/FM/MP3 touchscreen audio, auxiliary inputs, voice-command recognition and Rear View Monitor. The available eight-inch touchscreen navigation display includes next-generation Blue Link, traffic flow and incident data via HD radio, Infinity® premium audio with eight speakers, subwoofer and Clari-Fi ™ music-restoration technology. Smartphone integration is also included in the premium system.

A Heads-Up Display system is available, projecting a virtual image onto the transparent panel mounted behind the instrument panel, which helps the driver to keep his or her eyes on the road. With a generous, eight-inch projected-image size and outstanding luminance, the Heads-Up Display provides both excellent day- and night-time visibility. Information projected includes speed, navigation instructions, safety and audio system information. Deployed vertically by a simple touch of a button beside the steering wheel, the display disappears into the dashboard when not in use.

In a first for the segment, Kona Electric offers smartphone wireless charging. To charge a device, simply place a compatible smartphone on the wireless-charging interface located in the center console storage, recharging without the need for cables. The system indicates when the phone has fully charged, reminds occupants to remove their phone when exiting the vehicle, and detects when a foreign object is in the recharging area that could interfere with charging. The system is fully compliant with WPC's Qi standard for ease of use.

All Kona Electric models include complimentary three-year Blue Link services, with enhanced safety, diagnostic, remote and guidance services (models equipped with factory navigation). Blue Link brings connectivity directly into the car with technologies like Google Home®, Remote Start with Climate Control, Destination Search by Voice®, Remote Door Lock/Unlock, Car Finder, Enhanced Roadside Assistance, and Stolen Vehicle Recovery. In addition, Kona Electric adds exclusive EV-oriented features such as Remote Charge Management, Charge Scheduling, EV Power History and EV Range.

The 2019 Kona Electric joins Hyundai's successful new Kona, Tucson, Santa Fe and Palisade in a full line-up of Hyundai crossovers for the U.S. market. The 2019 Kona Electric models are now available in California and in the ZEV-focused states in the western and northeastern regions of the U.S. market.

Hyundai Motor America is focused on delivering an outstanding customer experience grounded in design leadership, engineering excellence and exceptional value in every vehicle we sell. Hyundai's technology-rich product lineup of cars, SUVs and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance—our promise to deliver peace of mind to our customers. Hyundai vehicles are sold and serviced through more than 830 dealerships nationwide, with the majority sold in the U.S. built at U.S. manufacturing facilities, including Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea.

Please visit our media website at

Hyundai Motor America on Twitter | YouTube | Facebook | Instagram  

SOURCE Hyundai Motor America

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PORTLAND, Ore., Feb. 15, 2019 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income of $212 million, or $2.37 per diluted share, for the year ended Dec. 31, 2018.  This compares with a net income of $187 million, or $2.10 per diluted share, for the year ended Dec. 31, 2017.  Net income was $49 million, or $0.55 per diluted share, for the fourth quarter of 2018.  This compares with $42 million, or $0.48 cents per diluted share, for the comparable period of 2017.

"We are pleased with our strong financial results for 2018 and excited to announce the bid chosen from the Renewable RFP process," said Maria Pope, PGE president and CEO. "The first of its scale in North America, our collaboration with NextEra Energy Resources on the Wheatridge Renewable Energy Facility leverages both companies' strengths to combine wind and solar generation with energy storage at scale. We look forward to bringing the wind farm online in 2020, giving customers the benefit of the 100 percent federal production tax credit."

2018 earnings compared to 2017 earnings

Factors leading to the $0.27 per diluted share increase include the following:

  • A decrease of $0.31 per diluted share due to milder weather primarily in the first and fourth quarters of 2018 that contributed to lower energy demand than in the first and fourth quarters of 2017
  • An increase of $0.12 per diluted share resulting from lower purchased power and fuel costs and an increase in wholesale sales
  • An increase of $0.09 per diluted share attributable to lower storm restoration costs
  • An increase of $0.08 per diluted share attributable to lower plant maintenance expenses
  • An increase of $0.11 per diluted share due to the Carty cash settlement
  • An increase of $0.19 per diluted share due to a charge in 2017 related to the Tax Cuts and Jobs Act
  • An increase of $0.01 per diluted share from the net impact of regulatory items including the outcomes of the Tax Cuts and Jobs Act docket (UM 1920) and Capital Deferral docket (UM 1909)
  • A decrease of $0.02 per diluted share due to other miscellaneous items

Company Updates

Wheatridge Renewable Energy Facility

After months of regulatory and competitive bidding process, PGE completed its review of the final shortlist of projects acknowledged by the Public Utility Commission of Oregon (OPUC) in Dec. 2018. PGE announced the results of this competitive bidding process on Feb. 7, 2019.

PGE is collaborating with NextEra Energy Resources to construct the Wheatridge Renewable Energy Facility. Located in Eastern Oregon, the facility will combine 300 megawatts of wind generation with 50 megawatts of solar generation and 30 megawatts of battery storage. It will be the nation's first major energy facility to co-locate and integrate these technologies at scale. PGE will own 100 megawatts of the wind project and will purchase the balance of the project's output under 30-year power purchase agreements. NextEra Energy Resources' subsidiary will operate the facility.

The wind component will be operational by Dec. 2020 and will qualify for the 100 percent federal production tax credit. Construction of the solar and battery components is planned for 2021. PGE expects to invest approximately $160 million to own its portion of the project.

General Rate Case

On Jan. 1, 2019, new customer prices went into effect pursuant to the OPUC Order which authorized a $9 million price increase. This includes return on equity of 9.5 percent; capital structure of 50 percent debt and 50 percent equity; cost of capital at 7.3 percent, and rate base of $4.75 billion. On Dec. 14, 2018, the OPUC adopted all stipulations in the case and resolved the remaining contested issues.

Tax Cuts and Jobs Act

On Dec. 22, 2017, the Tax Cuts and Jobs Act was enacted and signed into law with provisions going into effect on Jan. 1, 2018. Pursuant to an OPUC Order issued on Dec. 4, 2018, PGE began refunding $45 million to customers over a two-year period starting on Jan. 1, 2019.

Deferred Capital Project Costs

On Oct. 29, 2018, the OPUC issued an Order concluding that the Commission lacked legal authority to allow deferrals of costs related to capital investments. PGE had estimated a $12 million benefit associated with the deferral of customer information system costs in 2018 and has recorded a reserve for this amount. On Dec. 24, 2018, PGE filed for reconsideration of the Order. The OPUC has until Feb. 22, 2019 to respond to the request.

Fourth Quarter and Full-Year 2018 earnings call and webcast - Feb. 15, 2019

PGE will host a conference call with financial analysts and investors on Friday, Feb. 15, 2019, at 11 a.m. ET. The conference call will be web cast live on the PGE website at A replay of the call will be available beginning at 2 p.m. ET on Friday, Feb. 15, 2019 through Friday, Feb. 22, 2019.

Maria Pope, president and CEO; Jim Lobdell, senior vice president of finance, CFO, and treasurer; and Chris Liddle, director, investor relations and treasury, will participate in the call. Management will respond to questions following formal comments.

The attached unaudited consolidated statements of income, consolidated balance sheets, and condensed consolidated statements of cash flows, as well as the supplemental operating statistics, are an integral part of this earnings release.

About Portland General Electric Company

Portland General Electric Company is a vertically integrated electric utility that serves approximately 885,000 residential, commercial and industrial customers in the Portland/Salem metropolitan area of Oregon. The company's headquarters are located at 121 S.W. Salmon Street, Portland, Oregon 97204. Visit PGE's website at

Safe Harbor Statement

Statements in this news release that relate to future plans, objectives, expectations, performance, events and the like may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding earnings guidance; statements regarding future load, hydro conditions, wind conditions and operating and maintenance costs; statements concerning implementation of the company's integrated resource plan; statements concerning future compliance with regulations limiting emissions from generation facilities and the costs to achieve such compliance; as well as other statements containing words such as "anticipates," "believes," "intends," "estimates," "promises," "expects," "should," "conditioned upon," and similar expressions. Investors are cautioned that any such forward-looking statements are subject to risks and uncertainties, including reductions in demand for electricity and the sale of excess energy during periods of low wholesale market prices; operational risks relating to the company's generation facilities, including hydro conditions, wind conditions, disruption of fuel supply, and unscheduled plant outages, which may result in unanticipated operating, maintenance and repair costs, as well as replacement power costs; the costs of compliance with environmental laws and regulations, including those that govern emissions from thermal power plants; changes in weather, hydroelectric and energy markets conditions, which could affect the availability and cost of purchased power and fuel; changes in capital market conditions, which could affect the availability and cost of capital and result in delay or cancellation of capital projects; failure to complete capital projects on schedule or within budget, or the abandonment of capital projects which could result in the company's inability to recover project costs; the outcome of various legal and regulatory proceedings; and general economic and financial market conditions. As a result, actual results may differ materially from those projected in the forward-looking statements. All forward-looking statements included in this news release are based on information available to the company on the date hereof and such statements speak only as of the date hereof. The company expressly disclaims any current intention to update publicly any forward-looking statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise. Prospective investors should also review the risks, assumptions and uncertainties listed in the company's most recent annual report on form 10-K and in other documents that we file with the United States Securities and Exchange Commission, including management's discussion and analysis of financial condition and results of operations and the risks described therein from time to time.


Source: Portland General Company



(In millions, except per share amounts)


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Commitments and contingencies (see notes)

Shareholders' equity:

Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding

Common stock, no par value, 160,000,000 shares authorized; 89,267,959 and 89,114,265 shares issued and outstanding as of December 31, 2018 and 2017, respectively



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Direct Access






Alternative revenue programs, net of amortization



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Direct access






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Fourth Quarter













Note: "Average" amounts represent the 15-year rolling averages provided by the National Weather Service (Portland Airport).




Years Ended

December 31,



Sources of energy (MWh in thousands):



Natural gas






Total thermal









Total generation



Purchased power:










Total purchased power



Total system load



Less: wholesale sales



Retail load requirement



Media Contact:

Investor Contact:

Andrea Platt

Chris Liddle

Corporate Communications

Investor Relations

Phone: 503-464-7980

Phone: 503-464-7458

SOURCE Portland General Company

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