X-energy to work with Ontario Power Generation to advance the engineering and design work of the Xe-100 small modular reactor technology in Canada

X-energy | October 07, 2020

X-energy is pleased to work with Ontario Power Generation (OPG) to further advance the engineering and design work of the Xe-100 small modular reactor (SMR) technology for use in Canada. In a release earlier today, the Ontario utility announced plans to "advance the design and engineering of grid-scale reactors," including X-energy's Xe-100. "It is a privilege to be working with OPG to advance the engineering work in Canada for our Xe-100 design," says Clay Sell, X-energy's CEO. "OPG has demonstrated incredible leadership in advancing reliable and affordable low-carbon power options." Ken Hartwick, OPG President and CEO said, "OPG is leveraging more than 50 years of nuclear experience to support the development of carbon-free nuclear technology." He also stated, "SMRs will play a key role in helping to re-invigorate Ontario's economy and further support the province and Canada as they work toward meeting their climate change targets of zero-emission electricity." The announcement follows a due diligence process by OPG in collaboration with other major energy utilities for SMR development in Ontario that would pave the way for the potential deployment of SMRs in other jurisdictions.

Spotlight

While women in the United States earn almost 60 percent of bachelor’s degrees, they make up less than 20 percent of students earning degrees in computer science and engineering, according to the National Science Foundation. Could greater exposure to technology courses early on in the college experience encourage more women to participate in STEM?


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ENGINEERING TECH

BDT Capital Partners acquires minority stake in Exyte Exyte logo

Exyte | November 17, 2022

Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, has announced that funds affiliated with BDT Capital Partners, LLC ("BDT") have entered into an agreement to acquire a significant minority interest in Exyte. BDT, a merchant bank that provides advice and long-term capital through its affiliated funds to help family- and founder-led businesses pursue their strategic and financial objectives, will become a minority shareholder of Exyte alongside Georg Stumpf, Exyte's current sole owner who will retain a majority stake. "Exyte is a leader in the design, development, and delivery of the world's most sophisticated manufacturing environments. The company plays an indispensable role enabling clients across semiconductor, biopharma, life sciences, and cloud computing industries to create best-in-class facilities where technological breakthroughs happen. Due to the strong leadership of Exyte's management team and the dedication of its talented employees in serving the needs of its clients, the company has an impressive track record of profitable growth. We look forward to partnering with Georg Stumpf and the Exyte management team to help continue and enhance the company's growth and impact." -Don McLellan, Partner at BDT. Georg Stumpf, Exyte's continuing majority shareholder, says: Exyte serves the most technically demanding customers in thriving markets. The company is a driving force behind important megatrends of today and tomorrow, as well as developments that will profoundly change individual and societal life and promote progress across digitization and connectivity, e-mobility, sustainable energy, digital health, and personalized care. Since I invested in the company in 2008, Exyte has exceeded all expectations and the company will again achieve record sales and results in 2022. I look forward to continuing to support Exyte's successful strategy and its future growth together with BDT. "Our clear focus on high-tech industries is paying off. Due to the favorable market outlook and Exyte's focus on semiconductors and batteries, biopharma and life sciences, and data centers, we are well positioned in our markets and successfully on our "Pathway to Ten". This year, too, we will exceed our forecasts with targeted sales of around 7 billion euros, putting us closer to our goal of reaching 10 billion euros in sales in 2027. With our successful ongoing projects and significant project pipeline, we are well positioned for future profitable growth. I am pleased that BDT is convinced of Exyte's potential and prospects and will accompany us on our journey." -Dr. Wolfgang Büchele, CEO of Exyte. The closing of the transaction is subject to customary regulatory approvals. Financial terms were not disclosed. Deutsche Bank served as financial advisor to Exyte in connection with the transaction. About Exyte: Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, we serve clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of turnkey solutions with the highest standards in safety and quality to our customers worldwide. We create a better future by enabling key industries to enhance the quality of modern life. In 2021, Exyte generated sales of EUR 4.9 billion with around 7,400 employees worldwide. About BDT & Company: Established in 2009, BDT & Company is a merchant bank that provides advice and long-term capital through its affiliated funds to help family- and founder-led businesses pursue their strategic and financial objectives. The firm works with the owners and leaders of these closely held businesses to find creative solutions to their most complex issues, while also providing access to its world-class network. The firm's affiliate, BDT Capital Partners, has deployed more than $30 billion in capital through its investment funds and co-investments by its global investor base.

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CONSTRUCTION

LENNAR ANNOUNCES VISIONARY COMMUNITY OF 3D-PRINTED HOMES WITH ICON IS NOW UNDERWAY IN GEORGETOWN, TX

Lennar Corporation | November 11, 2022

Lennar, one of the nation's leading homebuilders, and ICON, a construction technologies company pioneering large-scale 3D printing, announced today that construction on the largest community of 3D-printed homes is underway and reservations will begin in 2023. Situated north of Austin in the city of Georgetown's master-planned community of Wolf Ranch by Hillwood Communities, a Perot company, the 100-home community combines innovative robotics, software and advanced materials to create homes that are technologically advanced, environmentally sustainable and architecturally striking. Each Lennar home in Wolf Ranch is co-designed by the renowned architectural firm BIG-Bjarke Ingels Group. Prices are anticipated to start from the mid-$400,000s. "We are very pleased to partner with ICON and BIG in building a first-of-its-kind, printed home community that combines innovative designs with sustainable features at an affordable price, Given the housing shortage that persists across the country, it has never been more important to innovate in order to find new methods of construction that will enable greater design flexibility and greater production at affordable prices." -Stuart Miller, Executive Chairman of Lennar. Blending contemporary Texas ranch style aesthetics, the community of 3D-printed homes features elevated architectural and energy-efficient designs that highlight the benefits of resiliency and sustainability with the digital possibilities of additive construction. Delivered at speed and at scale using a fleet of ICON's Vulcan robotic construction systems, software and advanced materials, each home's full wall system - including interior and exterior walls - are produced with less waste and with more design freedom. "For the first time in the history of the world, what we're witnessing here is a fleet of robots building an entire community of homes. And not just any homes, homes that are better in every way… better design, higher strength, higher energy performance and comfort, and increased resiliency, In the future, I believe robots and drones will build entire neighborhoods, towns, and cities, and we'll look back at Lennar's Wolf Ranch community as the place where robotic construction at scale began. We still have a long way to go, but I believe this marks a very exciting and hopeful turn in the way we address housing issues in the world." -Jason Ballard, co-founder and CEO, ICON. Construction at Wolf Ranch deepens a relationship that began with Lennar's investment in Austin-based ICON's series B financing round and offers a promising path toward an alternate method of delivering technology-driven homes that meet rising demand in desirable communities. In addition to state-of-the-art homes, Lennar homeowners in Wolf Ranch can enjoy all of the amenities offered in tree-covered hill country – including pools, recreational trails and parks within easy access of downtown Georgetown and a short drive to Austin. Lennar's investments are facilitated by LENX, which drives a focused strategy within Lennar to integrate technology solutions across the homebuilding industry. With a clearly defined strategy of investing in technology companies directly adjacent to Lennar's core homebuilding operations and a disciplined investment process, LENX provides hands-on mentorship and guidance from senior leaders of Lennar's management team and a marquee opportunity to provide products and technology to Lennar customers, allowing portfolio companies to scale at an unprecedented pace. The community will offer eight stunning floorplans with 24 unique elevations ranging from 1,574 to 2,112 square feet of thoughtful living space. The homes will offer three to four bedrooms and two to three baths. All homes will be powered by the sun with rooftop solar panels and will feature components from Lennar's Connected Home package including a Ring Video Doorbell Pro, a Schlage Encode™ Smart WiFi deadbolt and a Honeywell Home T6 Pro WiFi smart thermostat. Plus, each home will come equipped with the Wolf Ranch security package. We are excited to welcome Lennar and ICON's cutting-edge home construction technology to Georgetown, Georgetown Mayor Josh Schroeder said. The Georgetown community prides itself on honoring our past and innovating for our future, and we are eager to see the future being built right here. Hillwood Communities is honored that ICON and Lennar chose Wolf Ranch to launch this exciting initiative and we look forward to the positive impact it will bring to the homebuilding industry," said Fred Balda, president of Hillwood Communities. "This innovative approach aligns with Hillwood's long history of elevated design and the thoughtful development approach we take to ensure a higher standard of living for the residents of our communities." About Lennar Corporation: Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. About ICON: ICON develops advanced construction technologies that advance humanity. Using proprietary 3D printing robotics, software and advanced materials, ICON is shifting the paradigm of homebuilding on Earth and beyond. About BIG – Bjarke Ingels Group BIG-Bjarke Ingels Group is a Copenhagen, New York, London, Barcelona, and Shenzhen-based group of architects, designers, urbanists, landscape professionals, interior and product designers, researchers, and inventors. Led by Bjarke Ingels, the studio is currently involved in projects throughout Europe, the Americas, Asia, and the Middle East. BIG's architecture emerges out of a careful analysis of how contemporary life constantly evolves and changes. BIG believes that by hitting the fertile overlap between pragmatic and utopia, architects can find the freedom to change the surface of our planet, to better fit contemporary life forms. About Hillwood: Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. Through its Communities division, Hillwood has delivered more than 40,000 single-family lots in more than 100 master-planned communities across 13 states and Costa Rica. These communities continue to raise the bar in terms of quality, innovation and the unmistakable sense of community that sets each property apart. Before laying the physical groundwork for any new residential development, Hillwood Communities takes the time to focus on the ideals that draw people together — and the everyday interactions that strengthen those bonds. By purposefully designing its walkways, gathering spaces, and structural amenities to spark spontaneous encounters and foster shared interests, Hillwood Communities believes in the power of community. About the City of Georgetown: Georgetown is a welcoming, vibrant city that has been ranked No. 1 in Southern Living Magazine's "South's Best Cities to Live in" and is home to the "Most Beautiful Town Square in Texas." Georgetown has a rich history, with Victorian storefronts and a cultural district with a wide selection of restaurants, wineries, shops, art galleries, theaters, and museums, as well as Southwestern University, tied for the No. 1 National Liberal Arts College in Texas in the latest U.S. News & World Report ranking. Outdoor recreation includes 40 parks, 16 miles of hiking and cycling trails, and Lake Georgetown. Georgetown is the fastest growing city in the U.S. with a population of more than 50,000.

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ENGINEERING TECH, CONSTRUCTION

Nexamp Provides Non-Wires Alternative Solution for National Grid Substation in New York

National Grid | September 20, 2022

Nexamp, together with National Grid, is addressing increased energy demand at the Coffeen substation in Watertown, New York with the construction of a new solar + storage facility that will eliminate the need for additional transmission lines or substation upgrades through a Non-Wires Alternative (NWA) approach. NWA projects are designed to reduce cost and complexity by using distributed energy resources such as solar + storage rather than relying on more traditional generation and infrastructure enhancements. The Watertown Renewables project features more than 20,000 solar panels generating 8.4 megawatts (MW) of renewable energy and 10 Tesla Megapack systems providing 31 megawatt hours (MWh) of energy storage. Together, the solar and storage components of Watertown Renewables are engineered to give National Grid the ability to call on the system for up to 5.7 MW / 29 MWh up to 25 times per year either from the panels or the batteries. "This project is significant because it represents a number of important firsts, It is our first NWA project and is the result of a lot of hard work and collaboration between Nexamp and National Grid. With solar + storage technology advancing so quickly, NWA projects represent new opportunities to innovate the way we solve demand issues on the grid. As we work on additional NWA solutions in other locations, we anticipate many exciting milestones ahead." -Chris Clark, Chief Development Officer, Nexamp. Watertown Renewables is part of Nexamp's extensive portfolio of distributed solar and storage assets and will also serve area residents through the company's popular Community Solar program, providing energy costs savings to subscribers while delivering a new source of renewable energy to the local grid. This project is capable of offsetting the energy needs of more than 1,000 local residents who get their electricity from National Grid. "National Grid is committed to reducing greenhouse gas emissions by increasing the amount of renewable energy on the grid while improving reliability and affordability for customers, Our recently released Clean Energy Vision plan outlines a pathway to achieve a fossil-free future to our energy systems that incorporates renewable sources of energy and storage solutions such as this non-wires alternative in Watertown. Nexamp's expertise in developing and operating energy storage solutions that benefit utilities and communities made them a natural fit for this project." -Brian Gemmell, National Grid's Chief Operating Officer for Electric in New York. Nexamp has dozens of other solar + storage projects already in operation across the Northeast and around the country. As a provider that offers an integrated approach from design/build to owner/operator, Nexamp is a long-term partner to the communities in which it operates. The Watertown Renewables project is expected to be completed early next year. About Nexamp: Nexamp is leading the transformation to the new energy economy with proven solar and storage solutions that make clean energy more accessible for our customers and partners. Our comprehensive solar and energy storage capabilities—including project development and acquisition, design, construction, and operations—enable clean energy savings and benefits for more customers. Nexamp's industry-leading community solar platform makes solar an option for anyone, offering guaranteed savings on annual electricity costs. With more than 1 GW of renewable energy generating assets currently in operation or under construction, we are building a decarbonized energy future. Visit us at www.nexamp.com. About National Grid: National Grid ( NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.

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CONSTRUCTION

Caterpillar Expands Construction Industries Portfolio with Four Battery Electric Machines

Caterpillar | October 06, 2022

To support customers during the energy transition to a lower-carbon future, Caterpillar (NYSE: CAT) will display four electric machine prototypes, including battery prototypes, at bauma 2022 Oct. 24-30 in Munich, Germany. Caterpillar is focused on delivering purpose-built solutions to help customers achieve their sustainability goals by geography, by jobsite and specific customer need. One of many solutions, the battery electric machine prototypes include the 301.9 mini excavator, 320 medium excavator, 950 GC medium wheel loader and 906 compact wheel loader. The machines are powered by Caterpillar battery prototypes and include an onboard AC charger. The company also plans to offer an offboard DC fast charging option. "Caterpillar is well positioned to help customers reach their sustainability goals, including lowering emissions on the jobsite, It's important we meet customers on their sustainability journey today with a variety of solutions including machines that run on renewable fuels or technology that increases fuel efficiency, as well as supporting them into the future as we power our next generation of machines." -Tony Fassino Group President Construction Industries. The Caterpillar-designed batteries in these machines will also be available to power other industrial applications. Built on proven Caterpillar technology, the lithium-ion battery range features a modular design that offers flexible configurations across multiple applications. The batteries are engineered to be scalable to industry and customer performance needs and maximize sustainability throughout their lifecycle, including recycling and reuse at the end of life. "Our electrified products leverage our deep system integration experience and are designed to meet the performance expectations that customers have come to expect from Caterpillar, We're focused on helping our customers achieve the optimal product and jobsite energy lifecycle, allowing them to maximize value and minimize their total cost of operation." -Joe Creed, Energy & Transportation Group President. About Caterpillar: With 2021 sales and revenues of $51.0 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we've been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.

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Spotlight

While women in the United States earn almost 60 percent of bachelor’s degrees, they make up less than 20 percent of students earning degrees in computer science and engineering, according to the National Science Foundation. Could greater exposure to technology courses early on in the college experience encourage more women to participate in STEM?

Resources