Sandell

Tony Florence and Mohamad Makhzoumi Named Co-CEOs of NEA; Scott Sandell Assumes Role of Executive Chairman & CIO

Retrieved on: 
Tuesday, April 9, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, CIO, Growth, Executive, VGE, NEA, Sandell, Multimedia, Management

In conjunction with their appointments, Scott Sandell will assume the full-time role of Executive Chairman and Chief Investing Officer.

Key Points: 
  • In conjunction with their appointments, Scott Sandell will assume the full-time role of Executive Chairman and Chief Investing Officer.
  • All three will continue to actively invest, with Sandell’s new role also signifying an enhanced day-to-day focus on company building and team mentorship.
  • View the full release here: https://www.businesswire.com/news/home/20240409483634/en/
    Tony Florence and Mohamad Makhzoumi Named Co-CEOs of NEA; Scott Sandell Assumes Role of Executive Chairman & CIO.
  • (Photo: Business Wire)
    “Tony and Mohamad are exceptional leaders who have been shaping key aspects of NEA’s strategy and operations for many years.

TOP 10 Trends in Clean Energy Technology in 2024 - S&P Global Commodity Insights

Retrieved on: 
Monday, January 22, 2024
Hydrogen, CO2, Electrolysis, Natural gas, European, Wind, S&P Global Commodity Insights, Ammonia, Watt, COP28, Face, Electricity, Silver, CDR, CCUS, Policy, Coal, IRA, Carbon, Investment, Movement, Pressure, Sandell, Renewable energy

"Our forecast anticipates a 15% increase in clean energy technology (CET) investments in 2024 to nearly $800 billion, led by solar," says Philippe Frangules, Head of Gas, Power & Climate Solutions, S&P Global Commodity Insights.

Key Points: 
  • "Our forecast anticipates a 15% increase in clean energy technology (CET) investments in 2024 to nearly $800 billion, led by solar," says Philippe Frangules, Head of Gas, Power & Climate Solutions, S&P Global Commodity Insights.
  • Clean Energy Technology Investment to reach nearly US$ $800 billion in 2024 and $1 trillion by 2030.
  • The S&P Global Commodity Insights forecast of nearly $800 billion in clean energy technology (CET) investments for 2024, if materialized, would be up 10% to 20% from 2023 spending levels.
  • For more information on energy transition topics, visit: Energy Transition Service | S&P Global Commodity Insights (spglobal.com)
    Americas: Kathleen Tanzy + 1 917-331-4607, [email protected]
    EMEA: Paul Sandell + 44 (0)7816 180039, paul.sandell@spglobal.

S&P Global Commodity Insights to Publish New US Low-Carbon Aluminum Prices

Retrieved on: 
Monday, January 8, 2024
Carbon, Interest, CO2, Metal, Sandell, Certification, Aluminium, Iron ore

NEW YORK, Jan. 8, 2024 /PRNewswire/ -- Platts, part of S&P Global Commodity Insights, the leading independent provider of information, analysis, data and benchmark prices for the commodities, energy and energy transition markets, has launched a new daily low-carbon primary aluminum price assessment for the US market, effective Jan. 2, 2024.

Key Points: 
  • The new Platts US Low-Carbon Aluminum Premium (US-LCAP) will reflect any differential achieved for the spot trade of primary aluminum with total certified emissions of 4-metric-ton-equivalent (mte) or less of CO2 per metric ton of aluminum.
  • The assessment covers direct and indirect emissions associated with aluminum smelting, typically considered by market participants as Scope 1 and 2 emissions.
  • "The US low-carbon aluminum market has been maturing rapidly, but lacking standardization and transparency, according to feedback from market participants.
  • Platts is eager to help bring both transparency and clarity to this market segment," said Christopher Davis, Americas regional pricing director for metals, S&P Global Commodity Insights.

S&P Global Commodity Insights Releases its Latest 2024 Energy Outlook

Retrieved on: 
Thursday, December 14, 2023
Carbon, Lithium, Economics, Acquisition, Hydrogen, Henry Hub, Swings, European, Belt and Road Initiative, Inflation, Memory, Growth, Electricity, Overalls, CBAM, Chemical oxygen demand, Gasoline, COVID, Democratic republic, Attention, Coal, S&P Global Commodity Insights, Climate, Cobalt, EU ETS, IRA, ExxonMobil, Republican, DRC, ICE, Metal, Risk, Congo, Weather, European Parliament, Sandell, Pioneer Natural Resources, OPEC, Natural gas, Population growth, Belt, Policy, S, EVS, Nickel, EV, Renewable energy, Oil, Petroleum, Tourism, LNG

NEW YORK and LONDON and SINGAPORE, Dec. 14, 2023 /PRNewswire/ -- Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, today released their latest 2024 energy outlook.

Key Points: 
  • NEW YORK and LONDON and SINGAPORE, Dec. 14, 2023 /PRNewswire/ -- Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, today released their latest 2024 energy outlook.
  • After years of turbulence, global markets are still striving to find sustainable balance between energy supply and demand.
  • Simon Thorne, Climate & Energy Transformation Lead, S&P Global Commodity Insights, said: "While the security of oil and gas supply will remain paramount to many countries, the world is focusing more and more on securing source materials for clean energy technology, battery metals, and renewables."
  • TOP TEN KEY THEMES TO THE 2024 ENERGY OUTLOOK: S&P GLOBAL COMMODITY INSIGHTS:
    Energy demand searching for a new normal but will be hard-pressed to find it.

COP28 and Eight Themes to Watch - An Analysis by S&P Global Commodity Insights

Retrieved on: 
Monday, November 20, 2023
Carbon, COP26, Attention, NDC, Coal, Negotiation, Loss, Climate change, S&P Global Commodity Insights, UN, COP28, Language, Risk, Climate, Agreement, Private sector, Uncertainty, Sandell, Methane, Conference, Proxy, Paris Agreement, GHG, COP27, COP, United Nations, Renewable energy

The results of S&P Global Commodity Insights' scenarios work indicate that the world still needs to innovate toward commercially viable technologies to bring net-zero within reach.

Key Points: 
  • The results of S&P Global Commodity Insights' scenarios work indicate that the world still needs to innovate toward commercially viable technologies to bring net-zero within reach.
  • S&P Global Commodity Insights Eight Key Themes to Watch at COP28:
    Emissions mitigation targets are off track.
  • S&P Global Commodity Insights executives, experts and news teams will be on the ground at COP28 in Dubai, United Arab Emirates, assisting hosts and attendees' needs for essential intelligence, insights and data.
  • For more on COP28 and the energy transition, visit the Markets Insights section of the website, or the dedicated Energy Transition Insights page.

S&P Global Commodity Insights Launches Carbon Intensity Measures & Carbon-Accounted Price Assessments for North America Natural Gas Markets

Retrieved on: 
Wednesday, November 15, 2023
Carbon, WTI, Sandell, Methane, Natural gas, British thermal unit, Gasoline, Oil, Iron ore, LNG, S&P Global Commodity Insights

Kevin Birn, Global Head of Center of Emissions Excellence, S&P Global Commodity Insights, said: "We're excited to be offering our clients and the marketplace this truly unique assembly of carbon intensity insight that brings transparency to carbon across the value chain of natural gas -- from upstream production, gathering and boosting, and gas processing, to transport and amalgamation into market hubs. Not only is the offering unparalleled in detail and complexity, but it enables and facilitates the benchmarking of carbon and aids its incorporation into asset and commodity valuations."

Key Points: 
  • The new S&P Global Commodity Insights natural gas carbon intensity measures represent averages throughout the gas value chain and range from 0.006 to 0.016 mtCO2e/MMBtu for the above locations.
  • Alongside the natural gas carbon intensity measures, Platts, part of S&P Global Commodity Insights, will publish a daily associated carbon-accounted natural gas price assessment for each location, expressed in US dollars per MMBtu, and using the Platts Carbon Removal Credit Assessment (Platts CRC).
  • Not only are the new measures and price assessments aimed at bringing transparency to the carbon footprint of the North American natural gas market, but also the US liquefied natural gas (LNG) export markets.
  • The new natural gas carbon intensity measures and associated carbon-accounted price premiums may be found in S&P Global Commodity Insights products and services, including such as: Platts Gas Daily, Americas Natural Gas Alert pages, Platts Connect, and in the Platts price database.

S&P Global Commodity Insights' Fertecon Ammonia Benchmarks Selected As Basis For ICE Futures Contract

Retrieved on: 
Thursday, November 9, 2023
Pressure, NYSE, CFR, Intercontinental Exchange, Nitrogen, Sandell, Ammonia, Publication, ICE, Iron ore, Risk management, S&P Global Commodity Insights

NEW YORK, Nov. 9, 2023 /PRNewswire/ -- The Platts Fertecon spot physical price assessment of ammonia delivered to Northwest Europe on a cost and freight basis (CFR NWE Ammonia) was selected by Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, as the basis for a new ammonia futures contract. Platts and Fertecon are part of S&P Global Commodity Insights, the leading independent provider of information, analysis, data and benchmark prices for commodities, energy and energy transition markets.

Key Points: 
  • Platts and Fertecon are part of S&P Global Commodity Insights, the leading independent provider of information, analysis, data and benchmark prices for commodities, energy and energy transition markets.
  • The new ICE ammonia futures contract will financially settle against the Platts Fertecon weekly price of anhydrous ammonia (of 82% nitrogen and transported as a liquid under pressure at approximately -33°Celcius) as delivered duty-paid or duty-free on a cost and freight basis to Northwest Europe.
  • Fertecon is well known for half a century for its benchmark status in fertilizer-based price assessments such as ammonia.
  • In addition to the futures contract based on the Platts Fertecon Ammonia price assessments, ICE will also be launching spread derivatives that are based on three Platts spot physical price differentials assessments for Fuel Oil and Oil:
    The Platts and Platts Fertecon price assessments, licensed by ICE, appear in S&P Global Commodity Insights publications and services, including Ammonia Market Report.

Finalists Announced for the 25th Annual Platts Global Energy Awards

Retrieved on: 
Wednesday, September 27, 2023
Metal, S&P Global Commodity Insights, Sandell, Carbon, Growth, Academy Awards, Nationally significant infrastructure project, Conference, Cryptocurrency, Film industry

NEW YORK, Sept. 27, 2023 /PRNewswire/ -- Companies and individuals from 33 countries have been selected as finalists for the Platts Global Energy Awards program, now in its 25th year as the industry's premier recognition event. The 2023 finalists, nearly 55% of which hail from outside of the United States, were just announced by program host S&P Global Commodity Insights, the leading independent provider of information, data, analysis and benchmark prices for the energy, petrochemicals, metals, shipping, commodities and energy transition markets.    

Key Points: 
  • Often described as "the Oscars of the energy industry," the Platts Global Energy Awards recognize corporate and individual innovation, leadership, and exemplary performance in 21 categories spanning the entire energy and chemicals chain.
  • Winners of the 25th annual Platts Global Energy Awards will be announced the evening of December 7 at a black-tie gala in downtown Manhattan.
  • The winners of the Platts Global Energy Awards are determined by an independent judging panel of international energy experts whose backgrounds and experiences include regulation, policymaking, corporate leadership, trading and strategic consulting.
  • Access the full list of nomination categories and event details at the Platts Global Energy Awards website: www.globalenergyawards.com .

Sana raises additional $28M led by NEA to build the universal AI platform for the enterprise

Retrieved on: 
Wednesday, May 31, 2023
Sandell, Learning, LLM Communications, SQL, Tableau Software, ChatGPT, CHRO, Intelligence, NEA, Svea, Menlo Ventures, Artificial intelligence, Knowledge, Merck, Ageing, AI, Salesforce, Management

STOCKHOLM, May 31, 2023 /PRNewswire/ -- Sana, the leading AI-powered learning and knowledge platform, announced today it's landed another $28M in an opportunistic investment round led by NEA. Workday Ventures also joined the round. With a combined total of $62M in Series B funding, the Swedish-born scaleup is now one of the most highly funded AI companies.

Key Points: 
  • STOCKHOLM, May 31, 2023 /PRNewswire/ -- Sana , the leading AI-powered learning and knowledge platform, announced today it's landed another $28M in an opportunistic investment round led by NEA.
  • Underpinning this suite of tools is Sana AI, the company's latest release.
  • One of the reasons for the additional investor interest is commercial performance: Sana has grown its business 3x year over year.
  • We see the latest iteration of Sana AI as a productivity game-changer," said Hanna Manberg, CHRO at Svea Solar.

NEA Closes On Two Funds Totaling $6.2 Billion

Retrieved on: 
Thursday, January 26, 2023
Artificial intelligence, NEA, Software, Like a Boss (film), Sandell, Pool, Growth, Geography, History, Investment, Fintech, Health care

MENLO PARK, Calif. and NEW YORK, Jan. 26, 2023 /PRNewswire/ -- New Enterprise Associates, Inc. (NEA) today announced that it has closed on approximately $6.2 billion across two funds, bringing the firm's assets under management to over $25 billion as of December 31, 2022. The new pair of funds marks a first for NEA, with one dedicated to early-stage investing and the other to venture growth-stage opportunities, reflecting the 45-year-old firm's continuous evolution of its model over decades.

Key Points: 
  • The new pair of funds marks a first for NEA, with one dedicated to early-stage investing and the other to venture growth-stage opportunities, reflecting the 45-year-old firm's continuous evolution of its model over decades.
  • Both funds will be invested across a broad range of technology and healthcare sectors, including enterprise and consumer technology, digital health and life sciences.
  • Consistent with the firm's strategy over many funds, investing activities will span the entire lifecycle of company building, from incubation and seed-stage investments to fueling the growth of market leaders.
  • Each of the firm's general partners was promoted to their current role, with an average tenure of 17 years.