SUNNYVALE, Calif.--(BUSINESS WIRE)--Alta Devices announced today that the U.S. Naval Research Laboratory (NRL) will use Alta Devices highly efficient, flexible, and light-weight solar technology to help power the breakthrough Hybrid Tiger UAV (unmanned aerial vehicle). The Hybrid Tiger is a project designed to create a Group-2 UAV that will stay aloft for at least 3.5 days. Technologies developed for the project will be applicable to other unmanned vehicles.

The Hybrid Tiger program integrates multiple technologies into a single UAV designed for long range endurance. It will use high-efficiency flexible solar cells, a hydrogen fuel cell, and energy-aware guidance algorithms. The program is sponsored by the Office of the Deputy Assistant Secretary of Defense for Operational Energy and the U. S. Marine Corps Expeditionary Energy Office.

The Hybrid Tiger UAV planned demonstration includes flights over multiple days, during the winter solstice and as far North as 50 degrees latitude to highlight how extreme endurance UAV flight can be achieved using hybridization of solar photovoltaics, a hydrogen fuel cell, and autonomous soaring algorithms, regardless of latitude or time of year. The aircraft will fly for multiple days without using traditional fuels. The multi-day endurance technology will enable applications such as low altitude communications enablement, atmospheric research, and search and rescue missions, according to a fact sheet provided by NRL.

“Widespread use of small UAVs in both the military and industry has been limited to-date by endurance. The Hybrid Tiger will demonstrate that very long endurance flights, with sophisticated telemetry and capabilities, can be achieved with the inclusion of solar arrays,” said Jian Ding, Alta Devices CEO. “This project will open the door for many new solar powered UAV applications, and we look forward to achieving next generation breakthroughs via this cooperative effort.”

About the U.S. Naval Research Lab

The U.S. Naval Research Laboratory provides the advanced scientific capabilities required to bolster our country's position of global naval leadership. The Laboratory, with a total complement of approximately 2,500 personnel, is located in southwest Washington, D.C., with other major sites at the Stennis Space Center, Miss., and Monterey, Calif. NRL has served the Navy and the nation for over 90 years and continues to advance research further than you can imagine. For more information, visit the NRL website or join the conversation on Twitter, Facebook, and YouTube.

About Alta Devices

Alta Devices is empowering autonomy by delivering the world’s most efficient, thin and flexible mobile power technology. By converting light of any kind into electricity, Alta Devices AnyLight™ power technology extends the energy source of a system, and in many cases, completely cuts the traditional power cord. The solution can be completely integrated into the final system, and is ideal for use in unmanned systems, satellites, consumer electronics, sensors, automotive, remote exploration, or anywhere size, weight, and mobility matter. Alta Devices holds world records for energy conversion efficiency and is headquartered in Sunnyvale, CA. For more information, visit http://www.altadevices.com. Alta Devices is a Hanergy company.

All trademarks and registered trademarks are those of their respective companies.

Read more: U.S. Naval Research Lab Selects Alta Devices to...

SAN FRANCISCO, May 14, 2018 /PRNewswire/ --

The global technical ceramics market is expected to reach USD 134.58 billion by 2024, according to a new report by Grand View Research, Inc. Rising product need in various end-use industries owing to their cost effectiveness and increased life span, as opposed to their customary counterparts, is expected to positively impact the market over the forecast period.

     (Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg )

Rising automobile demand among consumers, particularly in Asia Pacific countries including China and India, on account of rising disposable incomes and changing lifestyles, is expected to fuel product demand over the forecast period. In addition, rising product use as a substitute to plastics and metals in numerous high-performance applications, in the medical and automotive sectors, is expected to propel growth over the forecast years.

These products have been gaining acceptance over the past few years on account of growing awareness regarding their benefits such as biodegradability, durability, and high tensile strength. Rising environmental concerns, coupled with stringent regulations by governments in North America and Europe, are expected to further propel product demand over the next eight years.

The global industry is also expected to witness considerable growth over the next eight years owing to their increasing product use in the electronic & electricals industry. Rising electronic devices demand among consumers, most notably in the Asian continent, is expected to have a positive impact on the product demand over the forecast period.

The extensive use of coated machinery components, coupled with shifting preference among consumers to technical coatings and breakthroughs in deposition processes, are expected to open new market opportunities for the products over the forecast period. Key factors expected to challenge industry growth include regulatory as well as environmental issues, and competition from alternative materials.

Browse full research report with TOC on "Technical Ceramics Market Size, Share & Trends Analysis Report By Material (Alumina Ceramics, Titanate Ceramics, Zirconate Ceramics, Ferrite Ceramics), By Product, By Application, And Segment Forecasts, 2018 - 2024" at: https://www.grandviewresearch.com/industry-analysis/technical-ceramics-market

Further Key Findings From the Report Suggest: 

  • The global technical ceramics market was valued at USD 56.70 billion in 2015 and is expected to grow at a CAGR of over 10.2% from 2016 to 2024
  • Titanates are expected to be the fastest-growing segment from 2016 to 2024, at a CAGR over 11.5% in terms of revenue, owing to their increasing use as capacitors.
  • The monolithic ceramics segment was estimated at over USD 45 billion in 2015. The product is employed in numerous insulation and lining applications, as they are resistant to thermal shock and can withstand tremendously high temperatures
  • The bioceramics application segment was valued at over USD 2 billion in 2015 and the segment is expected to grow at a fast pace over the next eight years, on account of its rising use in joint and hip replacements
  • Medical sector demand for the product was estimated at above USD 6 billion in 2015, on account of Increasing need from this industry in various applications, such as dental implants and bone & tissue replacements
  • North America was one of the largest markets for the product and is expected to grow at a CAGR of over 9.5% from 2016 to 2024, in terms of revenue. Stringent environmental regulations have led to increased product use as it aids in controlling pollution.
  • In November 2015, Oerlikon Metco signed an agreement with Laser Cladding Services, LLC to acquire its traditional ceramics business. In July 2015, Morgan Advanced Materials invested in the semiconductor market in order to improve its production capabilities

Browse related reports by Grand View Research: 


  • Solar Control Glass Market - The global solar control glass market size was USD 4.15 billion in 2015 and is expected to witness growth at a CAGR of 9.3% over the forecast period

Grand View Research has segmented the technical ceramics market on the basis of material, product, application, end-use and region. 

  • Material Outlook (Revenue, USD Million; 2013 - 2024) 
    • Alumina ceramics
    • Titanate ceramics
    • Zirconate ceramics
    • Ferrite ceramics
    • Aluminum nitride
    • Silicon carbide
    • Silicon nitride
  • Product Outlook (Revenue, USD Million; 2013 - 2024) 
    • Monolithic ceramics,
    • Ceramic coatings
    • Ceramic Matrix Composites
  • Application Outlook (Revenue, USD Million; 2013 - 2024) 
    • Electrical equipment
    • Catalyst supports
    • Electronic devices
    • wear parts
    • Engine parts
    • Filters
    • Bioceramics
    • Others
  • End-use Outlook (Revenue, USD Million; 2013 - 2024) 
    • Electrical & electronics
    • Automotive
    • Machinery
    • Environmental
    • Medical
    • Others
  • Regional Outlook (Revenue, USD Million; 2013 - 2024) 
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • MEA

Explore the BI enabled intuitive market research database, The Grand Library, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Web: https://www.grandviewresearch.com

SOURCE Grand View Research, Inc.

Read more: Technical Ceramics Market Size Worth $134.58...

WASHINGTON, May 11, 2018 /PRNewswire-USNewswire/ -- NASA is sending a helicopter to Mars.

The Mars Helicopter, a small, autonomous rotorcraft, will travel with the agency's Mars 2020 rover mission, currently scheduled to launch in July 2020, to demonstrate the viability and potential of heavier-than-air vehicles on the Red Planet. 

"NASA has a proud history of firsts," said NASA Administrator Jim Bridenstine. "The idea of a helicopter flying the skies of another planet is thrilling. The Mars Helicopter holds much promise for our future science, discovery, and exploration missions to Mars."

U.S. Rep. John Culberson of Texas echoed Bridenstine's appreciation of the impact of American firsts on the future of exploration and discovery.

"It's fitting that the United States of America is the first nation in history to fly the first heavier-than-air craft on another world," Culberson said. "This exciting and visionary achievement will inspire young people all over the United States to become scientists and engineers, paving the way for even greater discoveries in the future."

Started in August 2013 as a technology development project at NASA's Jet Propulsion Laboratory (JPL), the Mars Helicopter had to prove that big things could come in small packages. The result of the team's four years of design, testing and redesign weighs in at little under four pounds (1.8 kilograms). Its fuselage is about the size of a softball, and its twin, counter-rotating blades will bite into the thin Martian atmosphere at almost 3,000 rpm – about 10 times the rate of a helicopter on Earth.

"Exploring the Red Planet with NASA's Mars Helicopter exemplifies a successful marriage of science and technology innovation and is a unique opportunity to advance Mars exploration for the future," said Thomas Zurbuchen, Associate Administrator for NASA's Science Mission Directorate at the agency headquarters in Washington. "After the Wright Brothers proved 117 years ago that powered, sustained, and controlled flight was possible here on Earth, another group of American pioneers may prove the same can be done on another world."

The helicopter also contains built-in capabilities needed for operation at Mars, including solar cells to charge its lithium-ion batteries, and a heating mechanism to keep it warm through the cold Martian nights. But before the helicopter can fly at Mars it has to get there. It will do so attached to the belly pan of the Mars 2020 rover.

"The altitude record for a helicopter flying here on Earth is about 40,000 feet. The atmosphere of Mars is only one percent that of Earth, so when our helicopter is on the Martian surface, it's already at the Earth equivalent of 100,000 feet up," said Mimi Aung, Mars Helicopter project manager at JPL. "To make it fly at that low atmospheric density, we had to scrutinize everything, make it as light as possible while being as strong and as powerful as it can possibly be."

Once the rover is on the planet's surface, a suitable location will be found to deploy the helicopter down from the vehicle and place it onto the ground. The rover then will be driven away from the helicopter to a safe distance from which it will relay commands. After its batteries are charged and a myriad of tests are performed, controllers on Earth will command the Mars Helicopter to take its first autonomous flight into history.

"We don't have a pilot and Earth will be several light minutes away, so there is no way to joystick this mission in real time," said Aung. "Instead, we have an autonomous capability that will be able to receive and interpret commands from the ground, and then fly the mission on its own."

The full 30-day flight test campaign will include up to five flights of incrementally farther flight distances, up to a few hundred meters, and longer durations as long as 90 seconds, over a period. On its first flight, the helicopter will make a short vertical climb to 10 feet (3 meters), where it will hover for about 30 seconds.

As a technology demonstration, the Mars Helicopter is considered a high-risk, high-reward project. If it does not work, the Mars 2020 mission will not be impacted. If it does work, helicopters may have a real future as low-flying scouts and aerial vehicles to access locations not reachable by ground travel.

"The ability to see clearly what lies beyond the next hill is crucial for future explorers," said Zurbuchen. "We already have great views of Mars from the surface as well as from orbit. With the added dimension of a bird's-eye view from a 'marscopter,' we can only imagine what future missions will achieve."

Mars 2020 will launch on a United Launch Alliance (ULA) Atlas V rocket from Space Launch Complex 41 at Cape Canaveral Air Force Station in Florida, and is expected to reach Mars in February 2021.

The rover will conduct geological assessments of its landing site on Mars, determine the habitability of the environment, search for signs of ancient Martian life, and assess natural resources and hazards for future human explorers. Scientists will use the instruments aboard the rover to identify and collect samples of rock and soil, encase them in sealed tubes, and leave them on the planet's surface for potential return to Earth on a future Mars mission.

The Mars 2020 Project at JPL in Pasadena, California, manages rover development for the Science Mission Directorate at NASA Headquarters in Washington. NASA's Launch Services Program, based at the agency's Kennedy Space Center in Florida, is responsible for launch management.

For more information about NASA's Mars missions, go to:

https://www.nasa.gov/mars

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/mars-helicopter-to-fly-on-nasas-next-red-planet-rover-mission-300647226.html

SOURCE NASA

Related Links

http://www.nasa.gov

Read more: Mars Helicopter to Fly on NASA's Next Red Planet...

Adrian Cheng Creates First Wave of Excitement at the 3m Sqft Art and Design District

HONG KONG, May 11, 2018 /PRNewswire/ -- Following its initial launch in April 2018, Victoria Dockside, the ambitious 3 million-square-foot, HK$20billion (US$2.6 billion) global art and design district along Hong Kong's iconic waterfront, sets a new record in office rental rate in Tsim Sha Tsui, Hong Kong. Two new tenants at K11 Atelier, situated within Victoria Dockside, are taking up over 10,000 sqft in office space, both at a record-breaking HK$120/sqft, the highest in Tsim Sha Tsui and the entirety of Kowloon.

Created by Founder of K11 and Executive Vice-Chairman and General Manager of New World Development Adrian Cheng, Victoria Dockside is one of the biggest redevelopment projects in Hong Kong's history, and is setting new benchmarks in office environment, cultural happenings, as well as art and design offerings to bring in the next-generation workforce, global millennials and creative talents. When it fully opens in 2019, Victoria Dockside is poised to become a new global cultural destination, taking Hong Kong to a new cultural frontier.

Announcing the phase one launch of Victoria Dockside on 26 April 2018, Adrian Cheng, Founder of K11 and Executive Vice-Chairman and General Manager of New World Development, was joined by over 1,000 local and international influencers and guests from art, creative media and lifestyle sectors at the Make Waves party at K11 Atelier, the first office building under the K11 brand. The venue K11 Atelier sits within Victoria Dockside, and is the first workplace to integrate art, people and nature in one state-of-the-art building. It also redefines the modern work space with its Vertical Creative City concept, creating an inspiring office environment for the next-generation workforce.

The theme "Make Waves" hints at the disruption brought by Victoria Dockside. At the launch event, guests were led on a fascinating journey through the "Make Waves" exhibition which charts the evolution of the district from 1845 to the present.

Reviving the iconic Tsim Sha Tsui Waterfront

When the site was still known as Holt's Wharf in the early 20th century, it already played a pivotal role in the city's rise to the busiest port in the world, establishing Hong Kong's reputation as the Gateway to the East. Following the opening of New World Centre in 1978, this area became a stronghold for international brands in the city and hosted some of the most innovative "happenings" Hong Kong ever witnessed.  Forty years on, now as Victoria Dockside created by the cultural enterprise New World Development, it is set to trigger a new wave of disruptions in design, the arts, culture and sustainability. It will be the game-changer that will once again, break through traditions to create a new paradigm for the world.

Cheng, the mastermind behind the US$2.6 billion Victoria Dockside, said, "Our vision is to make waves at this world-class destination by providing a blank canvas for artists, designers and businesses to maximise their creativity and help create one of the most exciting new neighbourhoods of tomorrow.

"We are committed to establishing new frontiers with Victoria Dockside for Hong Kong. It will offer a kaleidoscope of experiences against the backdrop of one of the most impressive views in the world. This new district will provide a space for locals and international visitors alike to unwind from the chaos of everyday life. And the site will once again become a landmark in Hong Kong, bringing new disruptions and a new scene to the city." 

#MakeWaves in Design

Ten years in the making, the Victoria Dockside masterplan was led by Cheng and created by acclaimed architectural firms, and over 100 designers and consultants across the globe, including renowned names such as Kohn Pedersen Fox (KPF), and landscape architect James Corner Field Operations (JCFO). At K11 Atelier, the interior of the mixed-use office tower was crafted by the Japanese Design studio Simplicity, best known for creating minimalist, people-centric hospitality spaces.

#MakeWaves in Art and Culture

Fringing Victoria Dockside are the newly relaunched green space Salisbury Garden and Avenue of Stars – the promenade is scheduled to reopen in February 2019. These public spaces, both re-designed by New York Highline designer James Corner with the participation of Hong Kong designers such as LAAB, One Bite Design Studio, Urbis Limited and Ronald Lu & Partners, make for a welcoming blank canvas for artistic installations, performances, open-air concerts and other cultural events such as movie screenings. These spaces also offer the perfect view of the Victoria Harbour fireworks display.

#MakeWaves in Workplace

Key to the first wave of Victoria Dockside is K11 Atelier, the first K11-branded Grade A office building with in-house cultural programmes to connect the next-generation workforce. Prior to today's announcement, K11 Atelier already overtook ICC as the most expensive office building. With its new office rental record at HK$120/sqft, K11 Atelier is rivalling its peers in the traditional CBD Central, while its in-house cultural programmes and unique design also set it apart from other Grade A office building in Hong Kong. K11 Atelier's main lobby doubles as a Community Space with a coffee kiosk and breakout area surrounded by greenery and natural wood. It offers an exceptional ambience for creative minds to connect, collide and inspire each other.  K11 Atelier tenants will also be offered access to the 'K11 Atelier Academy', a myriad of programmes ranging from spiritual and physical wellness, to productivity, success, culture, creativity, and team building.

#MakeWaves in Sustainability

Referencing the United Nations' Sustainable Development Goals, Cheng pioneered the "New World Sustainability Vision 2030" and steered the Group to curate business offerings that reflect the elements and benefits of "Green", "Wellness", "Smart" and "Caring" in every project. This vision is fully realized in Victoria Dockside.

K11 Atelier holds two top-class green building certifications, and its energy usage intensity is 1.5 times lower than typical Hong Kong office buildings. The façade of K11 Atelier is integrated with one of HK's largest photovoltaic solar systems, creating enough power to operate around 220 coffee machines.

The entire district is set to fully open in 2019, with a new wave of announcement coming in June 2018. It will also feature an ultra-luxury Rosewood Hotel and Rosewood Residences. The new art and design district will reinvigorate the Victoria harbourfront and create the most exciting new neighbourhood for both Hong Kong residents and the city's 60 million annual visitors.

-ENDS-

About New World Development Company Limited

Founded in 1970, New World Development Company Limited ("The Group", Hong Kong stock code: 00017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A premium brand infused with a unique personality defined by The Artisanal Movement, the New World Group's core business areas include property development, infrastructure and services, retail, hotels and serviced apartments. As of 31 December 2017, the total asset value of the Group was HK$468.1 billion. The Group has an effective interest of approximately 61% in NWS Holdings Limited (Hong Kong stock code: 00659), approximately 75% in New World Department Store China Limited (Hong Kong stock code: 00825) and wholly owned in New World China Land Limited.

Victoria Dockside
Official Website: www.victoriadockside.com

K11 Atelier
Official Website: https://www.k11atelier.com/ 

For more high res images, please download via this Dropbox Link.

SOCIAL MEDIA
Follow us at:

  • Adrian Cheng (@ac_kaf) on Instagram
  • Victoria Dockside (@VictoriaDockside) on Facebook and Instagram
  • K11 Atelier (@K11Atelier) on Facebook and Instagram

Or via these hashtags:

  • #VictoriaDockside
  • #MakeWaves

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/victoria-dockside-sets-benchmark-with-office-concept-and-record-breaking-rental-300646893.html

SOURCE New World Development

Read more: Victoria Dockside Sets Benchmark with Office...

LONDRES, May 14, 2018 /PRNewswire/ --

Hive Energy ha confirmado sus planes para desarrollar 1,5 GW de proyectos solares en España.

Este año la empresa ya había obtenido la aprobación de su proyecto emblemático de El Salobral en Espejo (Córdoba) el primer parque solar de Andalucía que no recibirá ningún tipo de ayudas públicas y que contará con una potencia de 45,6 MW.

Para el desarrollo de los 1,5 GW de proyectos solares se han presentado tanto aplicaciones terrestres como de conexión a la red, y el 60% de los desarrollos han recibido la confirmación de la disponibilidad de la red eléctrica nacional.

Como parte de su Estrategia Energética para 2030, España ha acordado apoyar las metas dirigidas a un recorte del 40% de las emisiones de gases de efecto invernadero, un consumo de energías renovables del 27% y al menos un 27% de ahorro energético con respecto al escenario actual. Hoy en día, España solo cuenta con 4 GW de energía solar instalada, frente a 12 GW en el Reino Unido y 40 GW en Alemania. Dado que la irradiación que recibe España duplica la de esos países, el Ministerio de Energía, Turismo y Agenda Digital predice que España podría instalar 77 GW de aquí a 2030 y que la energía solar se convertirá en la mayor fuente de electricidad del país a finales de la próxima década.

Luis Martínez Hermida, director general, España;

"Al igual que en muchos países europeos, la demanda de energía solar se ha visto impulsada por la retirada del carbón y las centrales nucleares, así como por las metas en materia de energías renovables. Lo que sitúa a España como adalid europeo de la energía solar no subsidiada es la disponibilidad de terrenos, los altos niveles de irradiación y la caída del precio de los paneles y de su instalación. Esta combinación hace que España resulte uno de los mercados solares más atractivos del mundo".

De acuerdo con las cifras proporcionadas por el Ministerio español de Energía, Turismo y Agenda Digital, se espera que la energía solar alcance una capacidad de producción eléctrica de 47,1 TWh para 2030, lo que la convertirá en la principal fuente energética del país, seguida de la energía eólica (31,0 TWh), las plantas de ciclo combinado (24,5 TWh), la energía hidráulica (23,0 TWh), las instalaciones de cogeneración (8,5 TWh) y la energía nuclear (7,1 TWh). Se prevé que el almacenamiento global cubrirá 2,3 TWh de la demanda total*.

Notas para los editores: 

  1. Proyecto El Salobral, http://www.hiveenergy.co.uk/hive-energy-ignites-spains-subsidy-free-solar-market/
  2. *Cifras extraídas de https://www.pv-magazine.com/2018/04/03/spain-government-expects-solar-to-dominate-by-2030-with-up-to-77-gw/

FUENTE Hive Energy

Read more: Hive Energy obtiene la adjudicación de proyectos...

WASHINGTON, May 11, 2018 /PRNewswire-USNewswire/ -- NASA will host a Science Chat at 1 p.m. EDT Monday, May 14, to discuss the latest analysis of Jupiter's moon Europa and its status as one of the most promising places in the solar system to search for life. The event will air live on NASA Television, Facebook Live, Twitch TV, Ustream, YouTube, Twitter/Periscope and the agency's website.

Europa has long been a high priority for exploration because beneath its icy crust lies a salty, liquid water ocean. NASA's Europa Clipper, targeted to launch in 2022, will be equipped with the instruments necessary to determine whether Europa possesses the ingredients necessary to support life as we know it.

Lori Glaze, acting director of NASA's Planetary Science Division (PSD), and JoAnna Wendel, PSD communications lead, will host the chat. Guests include:

  • Xianzhe Jia, associate professor in the Department of Climate and Space Sciences and Engineering at the University of Michigan, Ann Arbor
  • Elizabeth Turtle, research scientist at Johns Hopkins Applied Physics Laboratory in Laurel, Maryland
  • Margaret Kivelson, professor emerita of Space Physics in the Department of Earth and Space Sciences at the University of California, Los Angeles

Media who would like to ask questions during the event must email their name, media affiliation and phone number to Felicia Chou at This email address is being protected from spambots. You need JavaScript enabled to view it. by 12:30 p.m. Monday, May 14.

The public can send questions on social media by using #askNASA at any time during the event.

For more information about Europa Clipper, visit:

https://www.nasa.gov/europa

For information about NASA's missions, programs and activities, visit:

https://www.nasa.gov 

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/nasa-hosts-live-discussion-about-europa-findings-potential-for-life-300647067.html

SOURCE NASA

Related Links

http://www.nasa.gov

Read more: NASA Hosts Live Discussion about Europa...

OAKVILLE, ON, May 10, 2018 /PRNewswire/ - Algonquin Power & Utilities Corp. ("APUC") (TSX: AQN, AQN.PR.A, AQN.PR.D, NYSE: AQN) announced today that the Board of Directors of APUC has declared the following preferred share dividends:

  1. C$0.28125 per Preferred Share, Series A, payable in cash on July 3, 2018 to Preferred Share, Series A holders of record on June 15, 2018 for the period from March 31, 2018 to, but excluding, June 30, 2018.
  2. C$0.3125 per Preferred Share, Series D, payable in cash on July 3, 2018 to Preferred Share, Series D holders of record on June 15, 2018 for the period from March 31, 2018 to, but excluding, June 30, 2018.

Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, APUC hereby notifies its Series A Preferred Shareholders and its Series D Preferred Shareholders that such dividends declared qualify as eligible dividends.

About Algonquin Power & Utilities Corp.

APUC is a diversified generation, transmission and distribution utility with U.S. $9 billion of total assets. Through its two business groups, APUC provides rate regulated natural gas, water, and electricity generation, transmission, and distribution utility services to over 750,000 customers in the United States, and is committed to being a global leader in the generation of clean energy through its portfolio of long term contracted wind, solar and hydroelectric generating facilities representing more than 1,600 MW of installed capacity. APUC delivers continuing growth through an expanding pipeline of renewable energy development projects, organic growth within its rate regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions. Common shares and preferred shares are traded on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D.  APUC's common shares are also listed on the New York Stock Exchange under the symbol AQN.

Visit APUC at www.algonquinpowerandutilities.com and follow us on Twitter @AQN_Utilities.

Cision View original content:http://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-declares-second-quarter-2018-preferred-share-dividends-300646787.html

SOURCE Algonquin Power & Utilities Corp.

Related Links

http://www.algonquinpower.com

Read more: Algonquin Power & Utilities Corp. Declares...

LONDON--(BUSINESS WIRE)--Technavio’s research report on the global solar microinverter market offers an analysis of the most important trends that are expected to impact the market outlook through 2022. Technavio predicts an emerging trend as a key factor, which has the potential to significantly impact the market and contribute to its growth or decline.

According to Technavio research analysts, the global solar microinverter market will grow at a CAGR of almost 16% during the forecast period, 2018-2022. One of the key factor driving the market’s growth is the increasing solar energy installation. In the recent years, the solar energy industry has gained momentum and grown drastically. This is mainly because of the initiatives were undertaken by governments around the world that encourage the use of renewable resources. Many industrialized or developed nations have integrated significant quantity of solar power into their electrical grids to provide an alternative to conventional energy sources. Alternatively, developing nations use solar energy to reduce their dependence on expensive imported fuels.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio has predicted the increasing deployment of microgrids as one of the key trends in the global solar microinverter market:

Increasing deployment of microgrids

Multiple power generation from energy sources such as biomass, solar, wind, geothermal, and fossil fuels can be combined in microgrids. Microgrids can function self-sufficiently as well as a hybrid to supply power to a local community, military bases, or a university. A microgrid is connected to the grid as a single point of load and is generally accompanied by energy storage systems to handle the intermittency of renewables.

“Microgrids are driven by the need to overcome the challenges faced by traditional grids and introduce a new level of superiority in their functioning in a highly controlled environment. An energy management system manages the entire network. When compared with traditional grids, microgrids are more resilient to natural calamities. When the main grid fails, they provide power to limited geography,” says a senior analyst at Technavio for research on power.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global solar microinverter market segmentation

This market research report segments the global solar microinverter market into the following end-users (residential and non-residential) and key regions (the Americas, APAC, and EMEA).

The residential segment held the largest market share in 2017, accounting for close to 70% of the market. But, the market share for this end-user is expected to decrease by nearly 5% by 2022. However, this segment will dominate the market through the forecast period.

In 2017, the Americas held the highest market share in the global solar microinverter market, accounting for over 69% of the market share. This region will post steady growth during the period 2018-2022.

 

Save big with Technavio this May!

Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.

OR

Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at This email address is being protected from spambots. You need JavaScript enabled to view it..

Read more: Global Solar Microinverter Market - Increasing...

One of Holland's largest growers and exporters of quality bulbs with over 250 acres of production in the heart of the Dutch flower district, Ruigrok Launches Sustainable Solar Energy Project to Support Environment and Green Energy

DE ZILK, Holland, May 11, 2018 /PRNewswire/ -- We know the future is green in terms of sustainability and energy. But, 'green' is also the future in tulips.

Tulip Green Power
Tulip Green Power

'Green Power', the first all-green tulip, has been developed through extensive research and cross-breeding by Ruigrok Flowerbulbs of De Zilk, Netherlands. Because of the tulip's consistent green coloring, unusual shape and exceptional long-lasting characteristic, 'Green Power' was chosen by Ruigrok to multiply enough quantity for a limited release in small quantities in 2018. 'Green Power' will bloom for an outstanding six weeks or more in landscape beds. For more information about the new, all-green 'Green Power' tulip or to order bulbs from the initial limited release, email Christopher Ruigrok at This email address is being protected from spambots. You need JavaScript enabled to view it..

In keeping with their new 'Green Power' tulip, Ruigrok began an aggressive solar energy project in March 2018.  Ruigrok is installing 2,600 solar panels on warehouse roofs, which will produce approximately 7.5 megawatts of electricity per year. The solar energy will make the company self-sufficient for the majority of its energy needs. The sustainable solar project will be online by July 2018 to tap the summer sun's energy.

Ruigrok Flowerbulbs has been the trusted name in flowerbulbs since 1910. The company's American affiliate, A.D.R. Bulbs of Chester, New York, has imported choice bulbs directly from Ruigrok since 1946 for sale exclusively to the horticultural trade including greenhouse growers, landscapers, public gardens and garden centers throughout the U.S.A. and Canada. A.D.R. Bulbs offers the largest fall inventory of bulbs in the U.S. including tulips, hyacinths, daffodils, crocus and more with same day shipping on in-stock bulbs as well as pre-orders for next season. Each order is quality controlled with MR1 technology and receives complimentary job labeling and pre cooling.

Explore over 500 varieties of top-sized flowerbulbs on A.D.R. Bulbs' website at www.adrbulbs.com. Registered commercial customers can search flowerbulbs by bloom color, time, fragrance, deer and rodent resistance and other characteristics, and place orders through the website's secure system.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/ruigrok-flowerbulbs-introduces-first-all-green-tulip-and-related-sustainable-solar-project-300646456.html

SOURCE Ruigrok Flowerbulbs

Read more: Ruigrok Flowerbulbs Introduces First All-Green...

OAKVILLE, ON, May 10, 2018 /PRNewswire/ - Algonquin Power & Utilities Corp. ("APUC") (TSX/NYSE: AQN) announced today that the Board of Directors of APUC approved a dividend increase of U.S.$0.0468 annually per common share to a total dividend of U.S.$0.5128 per common share, paid quarterly at a rate of U.S.$0.1282 per common share.

APUC also announced today that the Board has declared a dividend of U.S.$0.1282 per share on its common shares, payable on July 13, 2018 to the shareholders of record on June 29, 2018 for the period from April 1, 2018 to June 30, 2018.  Shareholders receiving dividends in cash can elect to receive the dividend in Canadian dollars in the amount of C$0.1648.

The common share dividend will be paid in cash or, if a shareholder has enrolled in the shareholder dividend reinvestment plan (the "Plan"), dividends will be reinvested in additional shares ("Plan Shares") of APUC as per the Plan.  Plan Shares will be acquired by way of a Treasury Purchase at the average market price as defined in the Plan less a 5% discount.

Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, APUC hereby notifies its common shareholders that such dividends declared qualify as eligible dividends.

The quarterly dividends payable on common shares are declared in U.S. dollars. Beneficial shareholders (those who hold common shares through a financial intermediary) who are resident in Canada or the United States may request to receive their dividends in either U.S. dollars or the Canadian dollar equivalent by contacting the financial intermediary with whom the common shares are held. Unless the Canadian dollar equivalent is requested, shareholders will receive dividends in U.S. dollars, which, as is often the case, the financial intermediary may convert to Canadian dollars. Registered shareholders receive dividend payments in the currency of residency. Registered shareholders may opt to change the payment currency by contacting AST Trust Company (Canada) at 1-800-387-0825 prior to the record date of the dividend.

The Canadian dollar equivalent of the quarterly dividend is based on the Bank of Canada daily average exchange rate on the day before the declaration date.

About Algonquin Power & Utilities Corp.

APUC is a diversified generation, transmission and distribution utility with U.S.$9 billion of total assets. Through its two business groups, APUC provides rate regulated natural gas, water, and electricity generation, transmission, and distribution utility services to over 750,000 customers in the United States, and is committed to being a global leader in the generation of clean energy through its portfolio of long term contracted wind, solar and hydroelectric generating facilities representing more than 1,600 MW of installed capacity. APUC delivers continuing growth through an expanding pipeline of renewable energy development projects, organic growth within its rate regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions. Common shares and preferred shares are traded on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D.  APUC's common shares are also listed on the New York Stock Exchange under the symbol AQN.

Visit APUC at algonquinpower.com and follow us on Twitter @AQN_Utilities.

Cision View original content:http://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-announced-10-dividend-increase-and-declares-second-quarter-2018-common-share-dividend-of-us-0-1282-c0-1648-300646786.html

SOURCE Algonquin Power & Utilities Corp.

Related Links

http://www.algonquinpower.com

Read more: Algonquin Power & Utilities Corp. Announced 10%...

SAN ANTONIO, May 11, 2018 /PRNewswire/ -- Focused on its commitment to provide its customers with reliable electric service, CPS Energy is now using drone technology to perform routine inspections of overhead infrastructure in a safer and more efficient way.   

"We are integrating new technologies to expand our capabilities and operate more efficiently," said Cris Eugster, Chief Operating Officer at CPS Energy. "Performing inspections with the use of drones helps maintain the safety of our employees and leads to faster inspections of our overhead infrastructure. This proactive effort helps us identify potential issues and mitigate future power outages."

"As chair of the City's Innovation and Technology Committee, I am thrilled that CPS Energy is using this innovative, and efficient technology to conduct inspections," said District 8 Councilman Manny Pelaez. "CPS Energy continues to be a leader in Smart City technologies." 

CPS Energy piloted the use of drones to inspect transmission towers and associated high voltage lines in May of 2017. Through the pilot, they learned that drone inspections of 50 transmission line towers were completed in 2 ½ days. Normally, this work would have taken nearly two weeks to complete using conventional methods. The utility anticipates drones will be used to inspect equipment approaching its end of life as well as equipment damaged during severe weather.

Drones offer the flexibility of performing routine infrastructure inspections from a safe distance whenever challenging or unsafe access issues are present. Rough terrain, obstructions and even animals can slow the progress of obtaining critical information that helps the utility evaluate the performance of their equipment. During times of severe weather, drones can assess impacted areas and help provide information used to prioritize how the utility responds to widespread power outages.

Currently, CPS Energy has two drones in its inventory. The drone pilots must follow Federal Aviation Administration (FAA) guidelines and ensure they are being mindful of customer privacy when conducting drone operations. CPS Energy is committed to providing advance notice to the community whenever planned drone flight inspections occur near their home or business.

For customers, the use of drones may keep them out of the dark as early detection of failing equipment can be repaired or replaced before they experience an unplanned power outage. The utility believes the use of drones will lead to work efficiency, increased productivity, accuracy improvements and enhanced customer service.

ABOUT CPS ENERGY

Established in 1860, CPS Energy is the nation's largest public power, natural gas and electric company, providing safe, reliable, and competitively-priced service to 804,000 electric and 343,000 natural gas customers in San Antonio and portions of seven adjoining counties. Our customers' combined energy bills rank among the lowest of the nation's 20 largest cities – while generating $7 billion in revenue for the City of San Antonio for more than seven decades. As a trusted and strong Community partner, we continuously focus on job creation, economic development and educational investment. True to our People First philosophy, we are powered by our skilled workforce, whose commitment to the community is demonstrated through our employees' volunteerism in giving back to our city and programs aimed at bringing value to our customers. CPS Energy is among the top public power wind energy buyers in the nation and number one in Texas for solar generation.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/cps-energy-invests-in-drone-technology-to-inspect-poles-and-wires-300647241.html

SOURCE CPS Energy

Related Links

http://www.cpsenergy.com

Read more: CPS Energy Invests In Drone Technology To...

BOSTON, May 11, 2018 /PRNewswire/ --

There are several flavours of technology today jostling to make the dream of electricity-generating windows a reality. While these are likely too expensive and inefficient to be in your home any time soon, pilot projects for such windows in commercial buildings are gaining momentum, and studies (utilising annual data of sunlit areas in cities) have claimed potential gigawatt-hours of electricity generation in the windows on a high-rise. The graphic below from the IDTechEx Research report "Smart Glass and Windows 2018-2028: Electronic Shading and Semi-Transparent PV" gives an overview of some of the conventional and emerging photovoltaic (PV) technologies.

     (Logo: http://photos.prnewswire.com/prnh/20140310/673848 )

     (Photo: https://mma.prnewswire.com/media/689624/IDTechEx_Research_Infographic.jpg )

Today, the flavour of this technology with the largest established base of installations is of crystalline silicon (c-Si) manufactured into strings and laminated in glass, which has been sold since 2009. One reason for this is that c-Si is some decades old and is proven to last in performance and aesthetics for north of 25 years: this reassures building owners and designers. The weakness is the non-uniform transparency (lines created by the c-Si strings giving a 'grating' effect), and a ceiling of 60 percent visible transparency. Ultimately this results in a disadvantage that so far has prevented the market from truly taking off. However, there is a strengthening case for use of this glass horizontally placed, like in a skylight, or integrated into the building envelope as a facade. In other words, glass areas that are not meant to be looked through. By our estimates at IDTechEx, the volume of this market is to the order of hundreds of thousands of square metres a year and growing.

An emerging thin-film PV with promise is organic photovoltaics (OPV). The main advantages of OPV are a potential for over 80 percent visible transparency (which is comparable to conventional glazing), a flexibility, which means a curved glass is possible (for, say, an electric vehicle, where there is also a trend for an increasing glass area per car), and it is lightweight. An added benefit is that the high transparency is achieved by being more reliant on other parts of the electromagnetic spectrum - UV and infra-red - which provides the advantage of blocking heat entering a building, allowing you to turn down the power setting of your air-conditioning and save electricity.

OPV is just beginning to be commercialised, and a handful of companies in the space are making progress. One company called Sunew have already installed OPV in a skylight in São Paulo. While this is a major step, it is not highly transparent and at a distance looks similar to what conventional PV looks like stuck on a flat surface. Other companies interviewed by IDTechEx have attracted partnerships with members of the big four glaziers (AGC, Nippon Sheet Glass, Guardian, Saint Gobain), and have plans for market entry as early as next year.

The Achilles heel of OPV is the low efficiency (which is below 5 percent, often below 3 percent), and the lifetime and stability. OPV companies typically quote lifetimes that range between five and ten years, depending on the application. Our understanding at IDTechEx is that ten years would be for a static application such as a commercial building or high-rise, and a car, which is subject to more shocks, would sit at the five-year end of this spectrum (or worse). Anything below 25 years of life is a tough sell for the construction industry, which means advancements are likely required before mainstream adoption in this segment.

IDTechEx has recently published a major update to its market report on Smart Glass, which covers electricity-generating glass based on organic photovoltaics (OPV), solar concentrators and more. Check "Smart Glass and Windows 2018-2028: Electronic Shading and Semi-Transparent PV" at http://www.IDTechEx.com/glass to learn more.

Contact
Charlotte Martin
Marketing & Research Co-ordinator
+44-(0)-122-381-0286
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE IDTechEx

Read more: Photovoltaic Facades: IDTechEx Research Asks Are...

OAKVILLE, ON, May 10, 2018 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("APUC" or the "Company") today announced financial results for the first quarter ended March 31, 2018.  Effective the first quarter of 2018, APUC's interim and annual consolidated financial statements are being reported in United States dollars ("USD" or "U.S.$"), unless otherwise noted.  

"The first quarter of 2018 marked the completion of transactions that serve as the foundation of our international growth strategy, with the successful formation of the AAGES Joint Venture and an expanded interest in Atlantica," said Ian Robertson, Chief Executive Officer of APUC. "We also made important progress in our commitment to sustainability and reducing customer costs through the transformation of Liberty Utilities' generating fleet toward more wind capacity. We remain highly focused on execution of our growth plan, which we believe supports growth in earnings and cash flows and the delivery of long-term value to our shareholders."

Q1 2018 Financial Highlights

  • Revenue of U.S.$494.8 million, a year-over-year increase of 17%
  • Adjusted EBITDA1 of U.S.$279.2 million, a year-over-year increase of 45%
  • Adjusted net earnings1 per share of U.S.$0.32, a year-over-year increase of 68%
  • Adjusted Funds from Operations1 of U.S.$179.9 million, a year-over-year increase of 15%

Dividend Increase – On May 10, 2018, APUC's Board of Directors approved a 10% dividend increase from a total annual dividend of U.S. $0.4660 to a total annual dividend of U.S. $0.5128, to be paid quarterly at a rate of U.S. $0.1282 per common share, up from U.S. $0.1165 per common share. Management believes that the dividend increase is consistent with APUC's stated strategy of delivering total shareholder return comprised of an attractive current dividend yield and capital appreciation.

Key Financial Information

All dollar amounts in U.S.$ millions except per
share information

Q1 2018

Q1 2017

Variance

Revenue

494.8

421.7

17%

Net earnings attributable to shareholders

17.6

19.3

(9)%

Per share

0.04

0.05

(20)%

Adjusted net earnings1

141.0

66.5

112%

Per share

0.32

0.19

68%

Adjusted EBITDA1

279.2

192.3

45%

Adjusted Funds from Operations1

179.9

156.7

15%

Dividend per share

0.1165

0.1165

n/c

1

Please refer to Non-GAAP Financial Measures and Use of Non-GAAP Financial Measures at the end of this document for further details.      

APUC Business Highlights

  • Completion of AAGES Joint Venture On March 9, 2018, APUC completed the previously announced formation of the AAGES Joint Venture with Abengoa S.A. ("Abengoa").
  • Investment in Atlantica Yield plc – Contemporaneous with the formation of AAGES, APUC completed the purchase of the 25% equity interest in Atlantica Yield plc ("Atlantica"), for a total purchase price of approximately U.S.$608 million. Subsequent to quarter-end, on April 17, 2018, APUC announced that it entered into an agreement to purchase an additional approximately 16.5% equity interest in Atlantica, for a total purchase price of approximately U.S.$345 million, which is expected to close in the second or third quarter of 2018.
  • Completion of Common Equity Financing Subsequent to quarter-end, on April 24, 2018, APUC completed a C$445 million common equity financing.
  • Change to U.S. Dollar Reporting – Over 90% of APUC's consolidated revenue, EBITDA, and assets are derived from operations in the United States, APUC's dividend is denominated in U.S. dollars and the Company's common shares are listed on the New York Stock Exchange. In recognition, effective the first quarter of 2018, APUC's interim and annual consolidated financial statements are being reported in U.S. dollars. The Company believes that the change in reporting to U.S. dollars will provide improved information to investors and allow for better assessment of its results without the effects of the change in currency on 90% of its operations.
  • U.S. Tax Reform – The financial results for Q1 2018 reflect the year to date impacts of income tax reform in the United States.

Liberty Power Group Highlights

  • Completion of Great Bay Solar Project On March 29, 2018, the Great Bay Solar Facility achieved commercial operations. The project consists of a 75 MW solar powered electric generating development project comprised of four sites located in Somerset County, Maryland

Liberty Utilities Group Highlights

  • Continued Progress on "Greening the Fleet" Subsequent to quarter-end, the staff of the Missouri Public Service Commission, as well the intervenor representing large industrial users entered into a stipulation agreement intended to reduce customer costs through the development of 600 MW of wind energy generation. Final orders from all jurisdictions are anticipated by the third quarter of 2018.
  • Settlement of EnergyNorth Rate Case Subsequent to quarter-end, on April 27, 2018, the New Hampshire Public Utilities Commission issued its order approving a net $11.1 million revenue requirement increase. Importantly, the new weather de-coupling mechanisms included in this order are expected to bring lower volatility to customer bills and Liberty Utilities operating profit.

APUC's supplemental information is available on the web site at www.AlgonquinPowerandUtilities.com.

Earnings Conference Call

APUC will hold an earnings conference call at 10:00 a.m. eastern time on Friday, May 11, 2018, hosted by Chief Executive Officer, Ian Robertson and Chief Financial Officer, David Bronicheski.

Date:

Friday, May 11, 2018

Time:

10:00 a.m. ET

Conference Call Access:

Toll Free Canada/US:

1-800-319-4610


Toronto local:

416-915-3239


Please ask to join the Algonquin Power & Utilities Corp. conference call 

Presentation Access:

http://services.choruscall.ca/links/algonquinpower20180511.html

Presentation also available at:  www.algonquinpowerandutilities.com

Call Replay:

(available until May 25)

Toll Free Canada/US:

1-855-669-9658

Vancouver local:

1-604-674-8052


Access code:

2150

About Algonquin Power & Utilities Corp.
APUC is a diversified generation, transmission and distribution utility with U.S.$9 billion of total assets. Through its two business groups, APUC provides rate regulated natural gas, water, and electricity generation, transmission, and distribution utility services to over 750,000 customers in the United States, and is committed to being a global leader in the generation of clean energy through its portfolio of long term contracted wind, solar and hydroelectric generating facilities representing more than 1,600 MW of installed capacity. APUC delivers continuing growth through an expanding pipeline of renewable energy development projects, organic growth within its rate regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions. Common shares and preferred shares are traded on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D.  APUC's common shares are also listed on the New York Stock Exchange under the symbol AQN.

Visit APUC at www.algonquinpowerandutilities.com and follow us on Twitter @AQN_Utilities.

Caution Regarding Forward-Looking Information and Non-GAAP Financial Measures

Certain statements included in this news release may contain information that is forward-looking within the meaning of applicable securities laws, including information and statements regarding prospective results of operations, financial position or cash flows. Specific forward-looking information in this document includes, but is not limited to: the expected completion and timeline for completion of the purchase of additional 16.5% equity interest in Atlantica; expectations with respect to the timing of APUC's growth plans, earnings, cash flow and dividend amounts; and expectations with respect to regulatory orders relating to Liberty Empire wind energy generation projects. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. APUC cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Material risk factors include those set out in APUC's most recent Management Discussion and Analysis and Annual Information Form. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, APUC undertakes no obligation to update any forward-looking statements or information to reflect new information, subsequent or otherwise.

(1) Non-GAAP Financial Measures and Use of Non-GAAP Financial Measures

The terms "Adjusted Net Earnings", Adjusted EBITDA, and "Adjusted Funds from Operations" are used in this press release. The terms "Adjusted Net Earnings", Adjusted EBITDA, and "Adjusted Funds from Operations" are not recognized measures under GAAP. There is no standardized measure of "Adjusted Net Earnings", Adjusted EBITDA, and "Adjusted Funds from Operations" and consequently APUC's method of calculating these measures may differ from methods used by other companies and therefore may not be comparable to similar measures presented by other companies. A calculation, analysis and reconciliation to the nearest U.S. GAAP measure of "Adjusted Net Earnings", Adjusted EBITDA, and "Adjusted Funds from Operations" can be found in the Management's Discussion & Analysis for the quarter ended March 31, 2018.

Adjusted EBITDA

Adjusted EBITDA is a non-GAAP measure used by many investors to compare companies on the basis of ability to generate cash from operations. APUC uses these calculations to monitor the amount of cash generated by APUC as compared to the amount of dividends paid by APUC. APUC uses Adjusted EBITDA to assess the operating performance of APUC without the effects of (as applicable): depreciation and amortization expense, income tax expense or recoveries, acquisition costs, litigation expenses, interest expense, gain or loss on derivative financial instruments, write down of intangibles and property, plant and equipment, earnings attributable to non-controlling interests and gain or loss on foreign exchange, earnings or loss from discontinued operations, changes in value of investments carried at fair value, and other typically non-recurring items. APUC adjusts for these factors as they may be non-cash, unusual in nature and are not factors used by management for evaluating the operating performance of the Company. APUC believes that presentation of this measure will enhance an investor's understanding of APUC's operating performance. Adjusted EBITDA is not intended to be representative of cash provided by operating activities or results of operations determined in accordance with U.S. GAAP, and can be impacted positively or negatively by these items.

Adjusted Net Earnings

Adjusted Net Earnings is a non-GAAP measure used by many investors to compare net earnings from operations without the effects of certain volatile primarily non-cash items that generally have no current economic impact or items such as acquisition expenses or litigation expenses that are viewed as not directly related to a company's operating performance. APUC uses Adjusted Net Earnings to assess its performance without the effects of (as applicable): gains or losses on foreign exchange, foreign exchange forward contracts, interest rate swaps, acquisition costs, one-time costs of arranging tax equity financing, litigation expenses and write down of intangibles and property, plant and equipment, earnings or loss from discontinued operations, unrealized mark-to-market revaluation impacts, changes in value of investments carried at fair value, and other typically non-recurring items as these are not reflective of the performance of the underlying business of APUC. For 2017, the one-time impact of the revaluation of U.S. non-regulated net deferred income tax assets as a result of the U.S. federal corporate income tax rate reduction from 35% to 21% enacted in December 2017 is adjusted as it is also considered a nonrecurring item not reflective of the performance of the underlying business of APUC. APUC believes that analysis and presentation of net earnings or loss on this basis will enhance an investor's understanding of the operating performance of its businesses. Adjusted Net Earnings is not intended to be representative of net earnings or loss determined in accordance with U.S. GAAP, and can be impacted positively or negatively by these items.

Adjusted Funds from Operations

Adjusted Funds from Operations is a non-GAAP measure used by investors to compare cash flows from operating activities without the effects of certain volatile items that generally have no current economic impact or items such as acquisition expenses that are viewed as not directly related to a company's operating performance. APUC uses Adjusted Funds from Operations to assess its performance without the effects of (as applicable): changes in working capital balances, acquisition expenses, litigation expenses, cash provided by or used in discontinued operations and other typically non-recurring items affecting cash from operations as these are not reflective of the long-term performance of the underlying businesses of APUC. APUC believes that analysis and presentation of funds from operations on this basis will enhance an investor's understanding of the operating performance of its businesses. Adjusted Funds from Operations is not intended to be representative of cash flows from operating activities as determined in accordance with GAAP, and can be impacted positively or negatively by these items.

Cision View original content:http://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-announces-2018-first-quarter-financial-results-300646774.html

SOURCE Algonquin Power & Utilities Corp.

Related Links

http://www.algonquinpower.com

Read more: Algonquin Power & Utilities Corp. Announces 2018...

More Articles ...

Subcategories

Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Meet 2018 Award Winners: Solar PV ModuleTECH Awards 2018_Heartiest Congratulations! - https://t.co/4cBviyv7wb
About 16 hours ago
SolarQuarter EMobility Week India 2018 Only 36 Seats Remain! Secure Your Spot! 23 Aug 2018_New Delhi - https://t.co/mmAuUGkxCd
Saturday, 11 August 2018 08:23
SolarQuarter Attendee List: Confirmed Speakers & Companies At Solar PV ModuleTech 2018_Limited Seats_10 August 2018_ New Delhi - https://t.co/VhKNgorbVr
Tuesday, 07 August 2018 13:08

Advertisement