Latest news with #Utility
Cision Canada
a day ago
- Business
- Cision Canada
Utility Global and ArcelorMittal Brazil Collaborate on Innovative Clean Hydrogen Project
HOUSTON, July 29, 2025 /CNW/ -- Utility Global ("Utility"), a U.S.-based leader in clean hydrogen technology, and ArcelorMittal, one of the world's largest steel producers, have announced a collaboration to explore the development of a clean hydrogen project at ArcelorMittal, Juiz de Fora facility in Minas Gerais, Brazil. The project has entered the Front-End Engineering and Design (FEED) process, focusing on the potential application of Utility's proprietary H2Gen ® system. This system uses blast furnace off-gas as an energy source to produce hydrogen from water. Utility has developed a patented reactor H2Gen, which processes variable industrial process gases, without the use of electricity, into high-purity hydrogen and a concentrated CO2 stream that can be captured and stored. The hydrogen produced can be recirculated into the steelmaking process to replace natural gas, while the purity of the concentrated CO2 stream significantly simplifies and reduces the cost of subsequent carbon capture and sequestration - an important solution for decarbonizing steelmaking. Utility will lead the initial engineering stages to determine the technical and economic feasibility of deploying the H2Gen system at the site. The H2Gen system will produce up to 3 tons/day of hydrogen utilizing blast furnace off-gas from the ArcelorMittal Brazil plant in Juiz de Fora. With a modular and scalable design, the technology supports on-site hydrogen production with low carbon intensity, empowering industries to reduce emissions while maintaining operational efficiency. "This project represents a shared commitment to scaling business and technology innovation that supports global energy transition goals," said Parker Meeks, CEO at Utility. "We're proud to bring our H2Gen solution to the forefront of industrial business advancements in partnership with one of the world's most forward-thinking steel producers, who is also an investor in Utility Global." ArcelorMittal has also invested $5 million in Utility Global through its XCarb ® Innovation Fund. The fund, launched in 2021, supports companies developing breakthrough technologies with the potential to significantly reduce carbon emissions in steelmaking. "While the XCarb® Innovation Fund is primarily a vehicle to invest in companies developing technology that can support the decarbonization of steelmaking, our intention has always been to support our investee companies with more than just financing, using our global asset base as a testing ground for technology development. We are excited by the potential of Utility Global's H2Gen system and pleased to support its development with this collaboration," commented Irina Gorbounova, Head of the XCarb ® Innovation fund. About Utility Global Utility pioneers clean hydrogen solutions that power the economic energy transition for hard-to-abate industries such as steel, mobility, upstream oil & gas, refining, and chemicals. Utility's breakthrough H2Gen ® technology harnesses energy from dilute, low-value industrial off-gases and various biogases to produce high-purity, low-to-negative carbon intensity hydrogen from water, without electricity, using its proprietary electrochemical process. H2Gen systems have been proven to provide the utmost operationally flexible and integrate seamlessly into existing infrastructure, enabling practical, cost-effective decarbonization. H2Gen also produces a high-concentration CO₂ stream, simplifying and reducing the cost of carbon capture. Designed to be modular, scalable, and with the smallest hydrogen production footprint, H2Gen empowers customers to convert low-value inputs into high-value clean energy, fuels, or feedstocks. This helps heavy industries meet both business and sustainability goals on their energy transition journey. Utility is a portfolio company of Ara Partners, a private equity firm specializing in industrial decarbonization investments. For more information on Utility's solutions and services details, visit About Ara Partners Ara Partners is a global private equity and infrastructure investment firm focused on industrial decarbonization. Founded in 2017, Ara Partners seeks to build and scale companies with significant decarbonization impact across the industrial and manufacturing, chemicals and materials, energy efficiency and green fuels, and food and agriculture sectors. The company operates from offices in Houston, Boston, Washington, D.C., and Dublin. Ara Partners closed its third private equity fund in December 2023 with over $2.8 billion in capital commitments. As of March 31, 2025, Ara Partners had approximately $6.0 billion of assets under management. For more information about Ara Partners, please visit Media Contact: SOURCE Utility
Business Wire
17-07-2025
- Business
- Business Wire
Utility Wins Contract Extension as Technology Provider for St. Louis Metropolitan Police Department
ATLANTA--(BUSINESS WIRE)--Utility Associates, Inc., a leader in public safety technology, is proud to be approved for a three-year, $6 million contract to continue serving as the officer-worn camera and in-car video recording provider for the St. Louis Metropolitan Police Department. The decision was made today by a unanimous vote of the St. Louis Board of Police Commissioners, including Mayor Cara Spencer, in its first session since being appointed by Missouri Governor Mike Kehoe last month. 'Today's decision confirms Utility's track record of service to frontline professionals in the greater St. Louis area,' said Jason Dombkowski, head of government relations for Utility. "We are gratified to continue to support the officers of St. Louis." Share Utility has been a partner to the City of St. Louis since winning a competitive bid in 2020 to provide the St. Louis Police Department's officer-worn cameras and in-car video recording technology. Since 2019, the company also has served as the technology provider for the St. Louis County Police Department. Additionally, Utility provides digital evidence management for the Circuit Attorney for the City of St. Louis as well as a number of other surrounding agencies. 'Today's decision confirms Utility's track record of service to frontline professionals in the greater St. Louis area,' said Jason Dombkowski, head of government relations for Utility. 'Since winning the competitive procurement process many years ago, Utility has continued to follow the city's established procurement rules and regulations. We are proud to lead the industry with our policy-based automatic recording tech, including the BodyWorn camera that automatically alerts and records during officer-down situations. We are gratified to continue to support the officers of St. Louis for years to come.' For more than 20 years, Utility has developed best-in-class digital evidence solutions for the public safety sector and the communities it serves. As public safety moves toward greater integration, real-time intelligence, and streamlined operations, Utility's platform offers scalability and future-proof technologies that adapt to the evolving needs of law enforcement agencies, ensuring they stay ahead of the curve. Utility's policy-based recording technology is endorsed by the NAACP National Board of Directors. Notably, the company was named to Government Technology's esteemed GovTech 100 list earlier this year, honoring the top companies making significant contributions to the public arena. About Utility Utility specializes in advanced technology solutions tailored for the vital work of first responders and public safety professionals. With a concentrated focus on law enforcement, Utility's reach extends to correctional institutions, educational campuses, and legal practitioners within county and municipal jurisdictions. Utility offers a robust digital evidence management system that centralizes body-worn cameras, in-car videos, and automatic license plate recognition technologies. This innovative platform fosters efficiency and integration in evidence handling, promoting enhanced legal outcomes and community protection. Based in Decatur, Georgia, Utility is committed to pioneering solutions that support the heroes on the front lines and is proud to partner with sister brands including SOMA Global, STRAX Intelligence Group, and Kologik to bring unified innovation to the public safety sector. For an in-depth look at Utility's contributions to public safety, visit LinkedIn or
Hindustan Times
11-07-2025
- Hindustan Times
73-year-old woman crushed to death as engineer loses control over SUV
MUMBAI: A 73-year-old woman died on Wednesday after being run over by an automatic Sports Utility Vehicle (SUV) in Matunga. The car belonged to a 39-year-old software engineer who was trying to park it when he accidentally accelerated and hit the woman. 73-year-old Jayaben Parekh lost her life after an SUV hit her in the Matunga area. (Photo by HT Photo) (Raju Shinde) According to the police, the car's owner, Manohar Taduka, is a resident of Nerul and had come to meet his sister at the Bhau Daji Lad Road, in Matunga. While he was parking his vehicle, the deceased, Jayabhen Parekh, who lives with her family in Dadar and runs a garment business, was on her way to meet her sister. The police said that as Taduka tried to park the car outside the building, he lost control of it. 'The SUV rammed into the 73-year-old and she came under the front tyre and was dragged for some distance,' said a police officer, adding that Taduka immediately rushed her to the Sion Hospital. Her son, Manoj Parekh, 53, was informed, but by the time he arrived at the hospital, his mother had succumbed to her injuries, the police said. The police have booked Taduka under sections 106(1) (causing death by negligence) and 281 (rash driving or riding on a public way) of the Bharatiya Nyaya Sanhita (BNS). The police added that they have also given a notice to Taduka under relevant sections of the Bhartiya Nagrik Suraksha Sanhita (BNSS).
Yahoo
03-07-2025
- Business
- Yahoo
Will DTE Energy (DTE) Beat Estimates Again in Its Next Earnings Report?
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? DTE Energy (DTE), which belongs to the Zacks Utility - Electric Power industry, could be a great candidate to consider. When looking at the last two reports, this utility has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.74%, on average, in the last two quarters. For the last reported quarter, DTE Energy came out with earnings of $2.1 per share versus the Zacks Consensus Estimate of $1.98 per share, representing a surprise of 6.06%. For the previous quarter, the company was expected to post earnings of $1.46 per share and it actually produced earnings of $1.51 per share, delivering a surprise of 3.42%. With this earnings history in mind, recent estimates have been moving higher for DTE Energy. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. DTE Energy has an Earnings ESP of +3.14% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DTE Energy Company (DTE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
03-07-2025
- Business
- Business Upturn
Alembic Pharma acquires UK-based Utility Therapeutics for $12 million to expand US presence
Alembic Pharmaceuticals Inc., the wholly owned US subsidiary of Alembic Pharmaceuticals Limited, has announced the acquisition of UK-based Utility Therapeutics Ltd. This strategic move marks Alembic's entry into the branded anti-infective segment in the United States, particularly focusing on treatments for urinary tract infections (UTIs). Utility Therapeutics is engaged in developing pharmaceutical products aimed at combating UTIs, a widespread medical condition in the US. The acquisition brings two key assets into Alembic's fold — 'Pivya,' an FDA-approved treatment for uncomplicated UTIs, and 'MEC,' a pipeline product currently under development to address complicated UTI cases. Alembic Pharmaceuticals sees this acquisition as a significant step towards strengthening its presence in the US market with branded specialty products. The deal allows Alembic to market Utility's assets in the US, leveraging the regulatory approvals already in place and continuing the development of promising pipeline therapies. The total consideration for the acquisition is expected to be around $12 million, paid in a staggered manner depending on the achievement of specific milestones. It also includes a provision for profit sharing based on future earnings generated by Utility's products. The transaction does not fall under the related party category, and none of the promoters or group companies have any financial interest in the deal. Completion of the acquisition is anticipated within approximately 30 days, and no additional regulatory approvals are required. This acquisition aligns with Alembic's strategy of expanding its global footprint and diversifying its product offerings in regulated markets like the US. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
