None
OSLO, Norway--(BUSINESS WIRE)--Dec 2, 2024-- SLB Capturi has reached a significant milestone of mechanical completion of the carbon capture plant at Heidelberg Materials’ cement facility in Brevik, Norway. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241202648162/en/ The carbon capture plant is designed to capture up to 400,000 metric tons of CO2 annually from the Heidelberg Materials cement facility in Brevik, Norway. (Photo: Business Wire) With the full-scale carbon capture plant now complete, including the carbon capture system, compression system, heat integration system, intermediate storage, and loadout facilities, the plant is now ready for testing and commissioning. When operational, this world-first commercial-scale carbon capture plant at a cement facility will enable production of net zero cement, without compromising on the product strength or quality. "Reaching this milestone is a testament to the power of working together and the collective determination to make a positive climate impact,” said Egil Fagerland, CEO, SLB Capturi. “We look forward to continuing these collaborative efforts as we move toward the commissioning and operational phases of the project. The Brevik CCS plant sets a precedent for future carbon capture initiatives, where learnings and insights from this groundbreaking project enable others to follow." Due to the inherent emissions of cement production, the sector is dependent on carbon capture and storage to reach net zero. The carbon capture plant is designed to capture up to 400,000 metric tons of CO 2 annually from the cement facility. Strong execution support from Aker Solutions and the local industry has been instrumental in completing the construction of this project. "The mechanical completion of the Brevik CCS project is a landmark achievement in the decarbonization journey of the cement industry,” said Giv Brantenberg, general manager Northern Europe, Heidelberg Materials. “This project exemplifies our commitment to innovation, collaboration, and the pursuit of solutions that address the pressing issue of climate change. We are immensely proud of the dedication and hard work of our teams and partners who have made this possible." The Brevik CCS plant is part of The Longship CCS project , Europe’s first complete value chain for the capture, transport, and storage of industrial CO 2 emissions. The Brevik plant will now move into commissioning phase, with operations starting during 2025. About SLB SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com . About SLB Capturi SLB Capturi is dedicated to carbon removal and reduction solutions. The company’s proven modular technologies enable industries to deploy capture technology at speed and scale, meeting the requirements of tomorrow and the opportunities of today. The company is currently delivering seven carbon capture plants to bioenergy, waste to energy, and cement facilities. Find out more at capturi.slb.com Cautionary Statement Regarding Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise. View source version on businesswire.com : https://www.businesswire.com/news/home/20241202648162/en/ CONTACT: Media Josh Byerly – SVP of Communications Moira Duff – Director of External Communications SLB Tel: +1 (713) 375-3407 media@slb.comHanne Rolén - Head of Sustainability & Communications SLB Capturi Tel: +47 990 02 571 Hrolen@capturi.slb.comInvestors James R. McDonald – SVP of Investor Relations & Industry Affairs Joy V. Domingo – Director of Investor Relations SLB Tel: +1 (713) 375-3535 investor-relations@slb.com KEYWORD: NORWAY EUROPE UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: ENVIRONMENT CONSTRUCTION & PROPERTY OTHER ENERGY UTILITIES OIL/GAS SUSTAINABILITY ALTERNATIVE ENERGY GREEN TECHNOLOGY ENERGY OTHER CONSTRUCTION & PROPERTY SOURCE: SLB Copyright Business Wire 2024. PUB: 12/02/2024 04:35 PM/DISC: 12/02/2024 04:36 PM http://www.businesswire.com/news/home/20241202648162/en
Falcons feeling the pressure at .500 as Cousins' interceptions put spotlight on downturn for offenseNEW YORK , Dec. 12, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global software-defined wide area network (SD-WAN) market size is estimated to grow by USD 13.66 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 29.02% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Region Outlook 1. North America - North America is estimated to contribute 37%. To the growth of the global market. The Software-defined Wide Area Network (SD-WAN) Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The SD-WAN market in North America is experiencing significant growth due to increasing consumer and enterprise data traffic. Factors driving this trend include the proliferation of Internet of Things (IoT) devices, rising investments in artificial intelligence (AI), and the implementation of autonomous technologies across businesses. Additionally, the growth of autonomous vehicles and the resulting IP traffic expansion, fueled by increasing mobile data consumption and high-bandwidth applications, are contributing to the market's growth. The US and Canada lead data center investments in North America due to their supportive environments for 5G-enabled IoT solutions, high connectivity and bandwidth, favorable tax policies, and low electricity tariffs. For more insights on North America's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview 1.1 Solutions 1.2 Services 2.1 Service providers 2.2 Enterprise customers 3.1 North America 3.2 APAC 3.3 Europe 3.4 South America 3.5 Middle East and Africa Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: Businesses can securely connect their users to applications using a software-defined wide area network (SD-WAN), which allows the combination of various transport services like MPLS, LTE, and broadband internet. Managed SD-WAN services, offered by managed service providers (MSPs) or communications service providers (CSPs), provide the necessary networking, transport, hardware, and software for delivering applications or services, such as branch connectivity with specified SLAs. Regular maintenance is crucial for SD-WAN's optimal performance, and providers often offer additional services for setup, integration, and maintenance. The services segment is expected to drive the growth of the global SD-WAN market during the forecast period. Research Analysis The Software-defined Wide Area Network (SD-WAN) market is experiencing significant growth due to the increasing demand for WAN simplification and cost savings. SD-WAN enables businesses to efficiently manage and optimize their network resources, making it an ideal solution for handling the exponential growth of cloud IP traffic. With the advent of 5G, SD-WAN is set to become even more crucial for businesses dealing with large amounts of data, such as those in healthcare, energy and utilities, and transportation and logistics. SD-WAN offers improved reliability and bandwidth efficiency compared to traditional Multi-Protocol Label Switching (MPLS) networks. It is particularly beneficial for Small and Medium Enterprises (SMEs) and industries dealing with high-volume data, such as industrial IoT (IIoT), smart cities, and edge computing. Moreover, SD-Zero Trust Network Access (ZTNA) and AI-driven network security are essential features of SD-WAN, ensuring secure connectivity for businesses dealing with sensitive data. Operating costs are also reduced through the adoption of Software-as-a-Service (SaaS) and hybrid cloud solutions. The future of SD-WAN lies in its ability to adapt to emerging technologies like 5G, RAN, and mobility, making it a vital component of digital transformation strategies. Market Overview The SD-WAN market is experiencing significant growth due to the increasing demand for WAN simplification and cost savings. Traditional approaches to managing network infrastructure for enterprises, such as Multiprotocol Label Switching (MPLS), are being replaced with SD-WAN networks for their bandwidth efficiency and ability to handle exabytes (EB) and zettabytes (ZB) of cloud IP traffic. SD-WAN networks provide reliability and agility, enabling digital transformation for various industries, including SMEs, healthcare, transportation and logistics, energy and utilities, and more. The integration of 5G, Radio Access Networks (RAN), and advanced technologies like AI, big data, and edge computing, further enhances SD-WAN's capabilities. Cost savings, network security, and application performance are key benefits of SD-WAN, making it an attractive option for enterprises looking to optimize their network infrastructure and improve user experience. The market for SD-WAN is expected to grow as more businesses adopt cloud-based services, Software-as-a-Service (SaaS), and hybrid cloud platforms. Despite the advantages, SD-WAN deployment can face reliability issues and cybersecurity concerns. Network links, including wireless, broadband, and Internet, must be secure to protect employees, corporate applications, servers, and resources. ZTNA and IoT are also essential considerations for SD-WAN networks. Overall, the SD-WAN market offers enterprises a cost-effective, efficient, and secure solution for managing their network infrastructure and supporting their digital transformation initiatives. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 11.1 Cisco Systems, Inc 11.2 Oracle Corporation 11.3 Hewlett Packard Enterprise Company 11.4 Nokia Corporation 11.5 VMWare, Inc 11.6 Huawei Technologies Co., Ltd 11.7 Juniper Networks, Inc 11.8 Fortinet, Inc 11.9 Citrix Systems, Inc 11.10 Ciena Corporation 11.11 Epsilon Telecommunications 11.12 Telefonaktiebolaget LM Ericsson 11.13 BT 11.14 NEC Corporation 11.15 Tata Communications 12 Appendix 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 17,000 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. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioFalcons rookie QB discusses whether he would be ready to replace Kirk Cousins