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Siemens Energy wins its first black-start battery storage project for power generation in the U.S.

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Siemens Energy announced today that it will design, build and commission a black-start system at Clearways Marsh Landing Generating Station near Antioch, California (Marsh Landing). Black-start capabilities will allow the station to restart the flow of electricity to the facilitys auxiliary systems without the support of an external power supply in the case of an outage or blackout situation. Siemens Energy will engineer and build a customized battery energy storage system (BESS) that can support up to three attempts to restart a unit at Marsh Landing within one hour.

Traditional emergency back-up systems run on diesel generators or small, fossil fuel industrial turbines. By contrast, the BESS-based black-start system operates in a carbon-neutral way to start one of the plants four combustion turbine generator units. In addition to the BESS, the project will involve transformers to increase voltage, switch gear to integrate the BESS into the broader Marsh Landing system, electrical, civil and structural engineering and control system modifications.

Battery storage systems like this one are capable of fully restarting power on a highly expedited basis, said Laura Anderson, senior vice president, Controls and Digitalization for Siemens Energy North America. We are excited to lead this project at Marsh Landing because it will not only help to restore power quickly in the event of an outage, but it will reduce emissions over traditional back-up systems. It will also improve grid reliability in the Bay Area.

The Marsh Landing Generating Station is a four-unit simple-cycle plant and was one of Siemens Energys first Flex-Power plants, which are capable of fast starts that minimize emissions while ramping up to full power in only 12 minutes. It entered commercial operation in 2013 and can provide 720 megawatts of electricity to the California grid, enough to serve up to 650,000 homes. Siemens Energy supplied the four gas turbines, four generators, the SPPA-T3000 distributed control system and auxiliary and secondary systems for the plant.

Battery storage will play an increasingly important role in both securing the power grid and enabling renewable energy generation, said Chad Plotkin, chief financial officer at Clearway Energy. We are excited to work with Siemens Energy on this strategically important project at Marsh Landing to deliver long-term grid resilience and continue to act as a source of reliable power supply to the Bay Area.

Work on the project has already begun, with the project scheduled to commence in early-summer 2021.

This press release is available at www.siemens‘energy.com/press

Follow us on Twitter at: www.twitter.com/siemens_energy

Siemens Energy is one of the worlds leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain “ from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around ‚¬27.5 billion in fiscal year 2020. www.siemens-energy.com.

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Phone: 281-721-3402

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Essity publishes its Annual and Sustainability Report for 2020

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STOCKHOLM, March 2, 2021 /PRNewswire/ — Hygiene and health company Essity has today published its Annual and Sustainability Report for 2020 on www.essity.com.

“During 2020, the COVID-19 pandemic had a major impact on people and the global economy. Essity has had three priorities: care for our people, contribute to society and secure business success. COVID-19 and related lockdowns and restrictions had a negative impact on Essity's sales. Nonetheless, in 2020, Essity achieved its highest operating profit (EBITA) and its highest EBITA margin ever. Vaccinations have started and market conditions will gradually improve. As a company, we are emerging from this stronger. Our vision to improve well-being through leading hygiene and health solutions is more important than ever,” says President and CEO Magnus Groth, Essity.

Read President and CEO Magnus Groth's message and about Essity's priorities for 2021 in the Annual and Sustainability Report 2020. An online version with several interactive features can be accessed here. A pdf version of the Annual and Sustainability Report is attached to this press release and can also be downloaded at www.essity.se.

NB: This information is information that Essity is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, on March 2, 2021, at 8:00 CET.

Karl Stoltz, Media Relations Manager, +46 8 788 51 55

For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 8 788 52 51, [email protected]
Johan Karlsson, Vice President Investor Relations, +46 8 788 51 30, [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/essity/r/essity-publishes-its-annual-and-sustainability-report-for-2020,c3296800

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SOURCE Essity

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eBay Issues Update on Proposed Transaction of eBay Classifieds Group

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SAN JOSE, Calif., March 2, 2021 /PRNewswire/ — eBay Inc. (NASDAQ: EBAY) can confirm that the UK Competition and Markets Authority (CMA) has announced that it considers there are reasonable grounds to believe the remedies presented by eBay and Adevinta address their concerns with respect to the proposed transaction between eBay and Adevinta. 

The remedies proposed by eBay and Adevinta are the divestment of each company's primary classifieds operations in the UK: Shpock, Gumtree (UK) and Motors.co.uk. These remedies have been proposed in response to the competition concerns raised by the CMA on February 16, 2021. 

In 2019, eBay Classifieds Group's UK business accounted for less than 10% of its consolidated revenues and Adevinta's UK business accounted for only 1% of its consolidated revenues. On a combined basis, the UK would represent less than 5% of total consolidated revenues.

eBay and Adevinta remain excited about the proposed combination of Adevinta and eBay Classifieds Group and now target closing the transaction in Q2 2021, subject to final ratification of the remedies execution plan by the CMA and receipt of outstanding regulatory approval in Austria.

About eBay:

eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects millions of buyers and sellers in 190 markets around the world. We exist to enable economic opportunity for individuals, entrepreneurs, businesses and organizations of all sizes. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2020, eBay enabled $100 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.

Forward-Looking Statements:

Certain statements herein are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Such forward-looking statements are often identified by words such as “anticipate,” “approximate,” “believe,” “commit,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “outlook,” “plan,” “project,” “potential,” “should,” “would,” “confident,” “will” and other similar words or expressions. Such forward-looking statements reflect eBay's current expectations or beliefs concerning future events and actual events may differ materially from historical results or current expectations. The reader is cautioned not to place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of eBay. The forward-looking statements in this document address a variety of subjects including, for example, the closing of the Transaction and the potential benefits of the Transaction. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the possibility that regulatory and other approvals and conditions to the Transaction are not received or satisfied on a timely basis or at all, including the possibility that the parties are not able to agree with the CMA on acceptable solutions to address the CMA's concerns; the possibility that eBay may not fully realize the projected benefits of the Transaction; changes in the anticipated timing for closing the Transaction; business disruption during the pendency of or following the Transaction; diversion of management time on Transaction-related issues; the reaction of customers and other persons to the Transaction; and other events that could adversely impact the completion of the Transaction, including COVID-19 and industry or economic conditions outside of our control. In addition, actual results are subject to other risks and uncertainties that relate more broadly to eBay's overall business, including those more fully described in eBay's filings with the Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K for the fiscal year ended December 31, 2020 and subsequent quarterly reports on Form 10-Q. The forward-looking statements in this document speak only as of this date. We undertake no obligation to revise or update publicly any forward-looking statement, except as required by law.

 

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SOURCE eBay Inc.

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Daqo New Energy Announces Three-Year High-Purity Polysilicon Supply Agreement with Zhonghuan Semiconductor

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SHANGHAI, March 2, 2021 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that it has signed a three-year high-purity polysilicon supply agreement with Zhonghuan Semiconductor (SZ:002129) (“Zhonghuan”) for its solar wafer business. Zhonghuan is a global leading high-quality mono-crystaline solar wafer producer.

Under the supply agreement, Daqo New Energy will provide Zhonghuan with high-purity mono-grade polysilicon in a total amount of 41,000 MT over three years from 2021 to 2023. Actual prices will be negotiated by both parties monthly according to market conditions. As part of the supply agreement, Zhonghuan will make an advance payment to Daqo New Energy.

Mr. Haoping Shen, Chief Executive Officer of Zhonghuan, commented, “We are very pleased to enter into a long-term partnership with Daqo New Energy who shares the same core values with us in terms of innovation and quality. This partnership will help us better execute our strategy as a leading solar products provider to serve the fast-growing global solar PV market.”

Mr. Longgen Zhang, Chief Executive Officer of Daqo New Energy, commented, “We are very pleased to strengthen our cooperation with Zhonghuan through this three-year polysilicon supply agreement. We will continue to expand our capacity to better address the increasing demand for high-purity polysilicon and further improve product quality to accommodate innovative solar PV technologies in future.”

About Zhonghuan Semiconductor

Tianjin Zhonghuan Semiconductor Co., Ltd.(Zhonghuan Semiconductor) is a listed company of Shenzhen Stock Exchange (stock code: 002129). Zhonghuan Semiconductor has been focused on “green, low carbon and sustainable development” and dedicated to two major industries, namely, semiconductor energy-saving and new energy industries. Company products are widely used in smart grid transmission, new energy vehicles, high-speed rail, wind power inverters, integrated circuits, consumer electronics, aerospace, solar power and other fields.

About Daqo New Energy

Daqo New Energy Corp. (NYSE: DQ) (“Daqo” or the “Company”) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company is one of the world's lowest cost producers of high-purity polysilicon. Daqo's highly-efficient and technically advanced manufacturing facility in China currently has a nameplate annual polysilicon production capacity of 70,000 metric tons.

For more information, please visit www.dqsolar.com

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. The Company may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the demand for photovoltaic products and the development of photovoltaic technologies; global supply and demand for polysilicon; alternative technologies in cell manufacturing; the Company's ability to significantly expand its polysilicon production capacity and output; the reduction in or elimination of government subsidies and economic incentives for solar energy applications; the Company's ability to lower its production costs; changes in the political and regulatory environment; and the duration of COVID-19 outbreaks in China and many other countries and the impact of the outbreaks and the quarantines and travel restrictions instituted by relevant governments on economic and market conditions, including potentially weaker global demand for solar PV installations that could adversely affect the Company's business and financial performance. Further information regarding these and other risks is included in the reports or documents the Company has filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date hereof, and the Company undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

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SOURCE Daqo New Energy Corp.

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