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THE WOODLANDS, Texas, June 10, 2021 (GLOBE NEWSWIRE) Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that the borrowing base under its senior revolving credit facility (the “Credit Facility”) was successfully reaffirmed at its current level of $350 million. Key Highlights Reaffirmation of the borrowing base at $350 million;Easing of the minimum required oil hedges for calendar 2022 from 4,000 barrels per day (“Bbls/d”) to 3,100 Bbls/d, which is fully covered b ....
Drax Will Gardiner is the CEO and chairperson of Drax, a UK-based energy company with goals to limit its reliance on coal. Within the last decade, Drax has reduced its carbon emissions by 85% by using sustainable biomass rather than coal in its generating units. Because of his work, Insider named Gardiner to our annual list of the 10 leaders transforming energy in Europe. . Delivering a low-carbon future isn t just good business sense: It s vital for the future of the planet. The moves of one firm, Drax, to draw down its reliance on coal-fired power generation in the UK helped propel its CEO and chairperson, Will Gardiner, into our list of 100 People Transforming Business in Europe in 2020. ....
Moroo Shino is the president and CEO of Marubeni Asian Power, an independent power producer in Japan. Shino discusses the investments his company is making to accelerate the world s energy transition. This article is part of Changemakers Playbook, a series that looks at innovation across different industries. Japanese conglomerate Marubeni now has more than 100 years of innovation to look back on. Moroo Shino, president and CEO of Marubeni Asian Power, says that as a large independent power producer, it has a social responsibility to facilitate the energy transition and the development of new technology solutions such as hydrogen. What sort of energy infrastructure investments do you think we need to achieve net-zero carbon emissions? ....
Getty Images Hydrogen plays an important role in combatting climate change but its production still has a way to go. Industries must integrate new technologies into our energy systems and economies to achieve a zero-carbon future. This article is part of Changemakers Playbook, a series that looks at innovation across different industries. Hydrogen has a crucial role to play in decarbonization. How can we make it happen? The race to net zero is on, and taking part is no longer optional, meaning we have no choice but to explore new technologies and integrate them into our energy systems and economies. ....
Green City Solutions It kills 7 million people a year and causes diseases including lung cancer and pneumonia. Peter Sänger, a horticulturist turned entrepreneur, founded Green City Solutions to develop solutions to the problem that combine technology and sustainability. This article is part of Changemakers Playbook, a series that looks at innovation across different industries. What if a city bench could provide a place not just to sit but also to breathe a little easier? That s the idea behind CityTree, a 14-foot-high moss-covered, energy-efficient bench and air purifier that is popping up in cities throughout Europe and Asia. The ingenious piece of urban furniture uses the natural ability of living moss to bind with fine particles and remove them from the air up to 82% of them and Internet of Things (IoT) technology to measure and adjust its performance in real time. ....