Algonquin Power & Utilities

Fire Alarm and Detection Market to be Worth $56.07 Billion by 2030: Grand View Research, Inc.

Retrieved on: 
Monday, June 12, 2023

Numerous equipment, including heat, smoke, and carbon monoxide detectors as well as manual call points, are included in a fire alarm and detection system.

Key Points: 
  • Numerous equipment, including heat, smoke, and carbon monoxide detectors as well as manual call points, are included in a fire alarm and detection system.
  • Read full market research report, " Fire Alarm And Detection Market Size, Share & Trends Analysis Report By Product (Detectors, Alarm), By Detector Type (Flame, Smoke, Heat), Alarm Type (Audible, Visual, Manual Call-points), By Application, By Region, And Segment Forecasts, 2023 - 2030 ", published by Grand View Research.
  • To preserve lives and prevent injuries, it is vital to install fire alarm and detection systems in everything from homes to buses.
  • Grand View Research has segmented the global fire alarm and detection market based on product, detectors type, alarm type, application, and region
    Fire Alarm and Detection Market - Product Outlook (Revenue, USD Million, 2018 - 2030)
    Fire Alarm and Detection Market - Detectors Type Outlook (Revenue, USD Million, 2018 - 2030)

Fire Alarm and Detection Market to be Worth $56.07 Billion by 2030: Grand View Research, Inc.

Retrieved on: 
Monday, June 12, 2023

Numerous equipment, including heat, smoke, and carbon monoxide detectors as well as manual call points, are included in a fire alarm and detection system.

Key Points: 
  • Numerous equipment, including heat, smoke, and carbon monoxide detectors as well as manual call points, are included in a fire alarm and detection system.
  • Read full market research report, " Fire Alarm And Detection Market Size, Share & Trends Analysis Report By Product (Detectors, Alarm), By Detector Type (Flame, Smoke, Heat), Alarm Type (Audible, Visual, Manual Call-points), By Application, By Region, And Segment Forecasts, 2023 - 2030 ", published by Grand View Research.
  • To preserve lives and prevent injuries, it is vital to install fire alarm and detection systems in everything from homes to buses.
  • Grand View Research has segmented the global fire alarm and detection market based on product, detectors type, alarm type, application, and region
    Fire Alarm and Detection Market - Product Outlook (Revenue, USD Million, 2018 - 2030)
    Fire Alarm and Detection Market - Detectors Type Outlook (Revenue, USD Million, 2018 - 2030)

Fortune Brands Elects Amee Chande to Board of Directors

Retrieved on: 
Tuesday, May 16, 2023

Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced it has elected Amee Chande as a Class I member of the Board of Directors, effective June 1, 2023, and for a term expiring at the Company’s 2024 annual meeting of shareholders.

Key Points: 
  • Fortune Brands Innovations, Inc. (NYSE: FBIN or “Fortune Brands” or the “Company”), an industry-leading home, security and commercial building products company, today announced it has elected Amee Chande as a Class I member of the Board of Directors, effective June 1, 2023, and for a term expiring at the Company’s 2024 annual meeting of shareholders.
  • She is also experienced in helping companies to navigate technological disruption, and leading them to embrace technology-driven innovation that meets consumers’ needs,” said Fortune Brands Chief Executive Officer Nicholas Fink.
  • From 2020 to 2022, Chande led ChargePoint’s efforts to build its Fleet business’ electric vehicle charging infrastructure.
  • Fortune Brands’ Board of Directors is committed to board succession planning and refreshment.

Consolidated Water Reports First Quarter 2023 Revenue up 68% to $32.9 Million, Driving Net Income of $3.8 Million or $0.24 per Share

Retrieved on: 
Monday, May 15, 2023

Cash and cash equivalents totaled $51.1 million as of March 31, 2023, up from $50.7 million as of December 31, 2022.

Key Points: 
  • Cash and cash equivalents totaled $51.1 million as of March 31, 2023, up from $50.7 million as of December 31, 2022.
  • Recognized $6.4 million in revenue from PERC Water’s progress on the construction of an $82 million advanced water treatment plant in Goodyear, Arizona.
  • “Our retail water revenue growth was due to a 20% increase in the volume of water sold in Grand Cayman.
  • The company recognized approximately $6.4 million in revenue for the Liberty Utilities contract in the first quarter of 2023.

Algonquin Power & Utilities Corp. to Conduct Strategic Review of its Renewable Energy Group with Aim of Enhancing Shareholder Value

Retrieved on: 
Thursday, May 11, 2023

OAKVILLE, ON, May 11, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today announced that the Company's Board of Directors has initiated a strategic review of the Company's Renewable Energy Group1 with the aim of enhancing shareholder value.

Key Points: 
  • OAKVILLE, ON, May 11, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today announced that the Company's Board of Directors has initiated a strategic review of the Company's Renewable Energy Group1 with the aim of enhancing shareholder value.
  • The review will include assessing a range of alternatives for the Renewable Energy Group.
  • 1 As used herein, "Renewable Energy Group" refers to all of the Company's non-regulated operating and development power generation assets.
  • To oversee the strategic review process, the Board has formed a Strategic Review Committee, comprised of directors Chris Huskilson (Chair), Amee Chande and Dan Goldberg.

Post Script Media Announces Inaugural Transition-AI Conference

Retrieved on: 
Tuesday, May 9, 2023

BOSTON, May 9, 2023 /PRNewswire/ -- Post Script Media, a media and market intelligence firm devoted to enabling a faster transition to a net-zero economy announces its first live, in-person event in Boston, June 15, 2023.

Key Points: 
  • BOSTON, May 9, 2023 /PRNewswire/ -- Post Script Media , a media and market intelligence firm devoted to enabling a faster transition to a net-zero economy announces its first live, in-person event in Boston, June 15, 2023.
  • Post Script Media, a media and market intelligence firm, announces Transition-AI: Boston on June 15, 2023.
  • Post Script Media's inaugural conference, Transition-AI: Boston , brings together experts and executives from across the energy and innovation space to discuss where AI is already proving its value in use cases for electric utilities, renewable energy optimization, EV charging solutions, and virtual power plants, while promising critical new capabilities to further evolve the flexibility and efficiency of our electricity system.
  • Network with fellow attendees during a hands-on session with GPT, and brainstorm new ideas to enhance productivity and drive new innovations.

Ancora Urges Algonquin’s Board of Directors to Accelerate Previously Announced Divestitures Following Termination of the Kentucky Power Transaction

Retrieved on: 
Monday, April 17, 2023

Ancora Holdings Group, LLC (together with its affiliates, “Ancora”), which is a meaningful shareholder of Algonquin Power & Utilities Corp. (TSX: AQN, NYSE: AQN) (“Algonquin” or the “Company”), today issued the following statement regarding the Company’s decision to terminate its stock purchase agreement with Kentucky Power Company and AEP Kentucky Transmission Company, Inc. (the "Transaction").

Key Points: 
  • Ancora Holdings Group, LLC (together with its affiliates, “Ancora”), which is a meaningful shareholder of Algonquin Power & Utilities Corp. (TSX: AQN, NYSE: AQN) (“Algonquin” or the “Company”), today issued the following statement regarding the Company’s decision to terminate its stock purchase agreement with Kentucky Power Company and AEP Kentucky Transmission Company, Inc. (the "Transaction").
  • Fredrick D. DiSanto, Chairman and Chief Executive Officer of Ancora, and James Chadwick, President of Ancora Alternatives LLC, commented:
    “We are pleased that Algonquin has decided to terminate this poorly-conceived Transaction following months of widespread pushback from shareholders.
  • Given that Algonquin’s stock price has declined by approximately 45% over the past 12 months and stagnated over the longer term, leadership needs to establish momentum and execute on its previously disclosed plan to sell $1 billion in assets.
  • The Company’s disappointing long-term results and today’s extremely challenging market environment should compel the Board of Directors to keep its foot on the gas.

AEP OUTLINES STRATEGIC FOCUS ON KENTUCKY

Retrieved on: 
Monday, April 17, 2023

AEP is committed to providing reliable service to Kentucky customers and ensuring the financial health of the utility as part of the state's economic and energy future; Wiseman named Kentucky Power president and chief operating officer

Key Points: 
  • AEP is committed to providing reliable service to Kentucky customers and ensuring the financial health of the utility as part of the state's economic and energy future; Wiseman named Kentucky Power president and chief operating officer
    COLUMBUS, Ohio, April 17, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today reaffirms its commitment to Kentucky customers and outlines its strategic plans for Kentucky Power and AEP Kentucky Transco.
  • AEP and Liberty, a subsidiary of Algonquin Power & Utilities Corp., agreed to terminate the previously announced transaction under which AEP would sell its Kentucky operations to Liberty.
  • "We believe there are opportunities ahead for our Kentucky operations, and we will focus our efforts on economic development, reliability and controlling cost impacts to customers.
  • AEP is taking swift and decisive action to be best positioned in the near-term, while continuing to develop a long-term strategy for Kentucky that is consistent with the goals of the Kentucky commission.

Marathon Capital Hires Iain Watson to Lead Growth in Canada

Retrieved on: 
Thursday, April 13, 2023

CHICAGO, April 13, 2023 /PRNewswire/ -- Marathon Capital, LLC ("Marathon Capital"), a leading financial advisory and investment banking firm to the clean and sustainable energy sectors, today announced that Iain Watson has joined the firm as Country Manager of its Canadian operations. Mr. Watson was most recently the Head of Power & Utilities at National Bank Financial and brings 20+ years of advisory experience to Marathon Capital, including sector specific expertise across the infrastructure and clean energy sectors.

Key Points: 
  • CHICAGO, April 13, 2023 /PRNewswire/ -- Marathon Capital, LLC ("Marathon Capital"), a leading financial advisory and investment banking firm to the clean and sustainable energy sectors, today announced that Iain Watson has joined the firm as Country Manager of its Canadian operations.
  • Mr. Watson was most recently the Head of Power & Utilities at National Bank Financial and brings 20+ years of advisory experience to Marathon Capital, including sector specific expertise across the infrastructure and clean energy sectors.
  • Based in Calgary, Mr. Watson will lead Marathon Capital's growth within one of the most important clean energy markets in the world.
  • Marathon Capital has advised on several notable transactions within Canada, while serving a global base of institutions and corporations navigating sustainable global energy, infrastructure, and technology markets.

Algonquin Power & Utilities Corp. Announces Date for First Quarter 2023 Financial Results and Conference Call

Retrieved on: 
Wednesday, April 12, 2023

OAKVILLE, ON, April 12, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its first quarter 2023 financial results on Thursday, May 11, 2023, before market open.

Key Points: 
  • OAKVILLE, ON, April 12, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its first quarter 2023 financial results on Thursday, May 11, 2023, before market open.
  • AQN will hold an earnings conference call at 8:30 a.m. eastern time on Thursday, May 11, 2023, hosted by President and Chief Executive Officer, Arun Banskota, and Chief Financial Officer, Darren Myers.
  • Conference call details are as follows: