The world is focused on the sustainability of companies. Investors and regulators are interested in how much carbon companies are emitting, along with the emissions of their suppliers and importantly their customers. This is a huge burden for companies. That burden grows when the focus shifts to what company managements are doing and can do to limit these emissions. One of the steps managements can take in controlling emissions surprisingly also can play into a company’s core mission – making money.

With the heightened interest in company sustainability, investors and regulators are adopting tools for tracking companies environmental, social, and governance performance. Currently, the E of ESG is the prime focus of investors and regulators. The climate crisis mentality behind the E focus has put a premium on company energy use and the fuels they use.

This focus on energy use is administered through the prism of carbon emissions. But company energy use can also be viewed through the prism of profitability. Figuring out when to use power and which fuel generates it can play a major role in minimizing operating costs. In the case of electricity, managing demand has become a critical tool in controlling carbon emissions besides selecting the least environmentally damaging fuel. Electricity time-of-day pricing is a tool the power industry is employing to improve generating efficiency and reduce emissions. This tool requires electricity users to pay a premium for their power if they want or need that electricity at the least efficient time for generating it.

Software can help manufacturers optimize the timing of their power use. This software helps companies to not only optimize their power use, which minimizes costs and maximize profits, but it can help them control their emissions. Thus, what is good for the environment turns out to also be good for company financial results and ESG ratings. A win-win-win.

For this Company Spotlight, we interviewed Arcus’s Founder & CEO (Dan Erhardt) about the company’s AI-driven, dynamic energy and emission cost management platform. Arcus's predictive analytics SaaS supports customers in power generation, upstream/midstream oil & gas, mining, steel, forestry, cryptocurrency, food & beverage, and municipalities to reduce operating costs, monetize cost centers, achieve environmental targets and improve grid efficiencies. For more information on Arcus, please visit arcuspower.com.

Background: After a decade-long career as a power trader, Dan Erhardt founded Arcus Power in 2016 to address the void in energy cost management solutions. Over the last five years, Dan and his team have developed a platform with energy analytics, forecasting, and historical data that supports decision making for……..…..READ MORE

Drillform, a leading manufacturer of fully automated drilling equipment founded in 2010 by a team of industry professionals with decades of equipment design and manufacturing experience, has successfully closed new funding and entered into a long-term exclusive manufacturing agreement with Helmerich & Payne International Drilling Co. (“H&P”). The exclusive agreement provides a framework for Drillform to manufacture and supply automated floor wrenches to H&P’s worldwide drilling fleet and for the companies to further collaborate in the development and marketing of other related technologies.

Headquartered in Oklahoma City, Flogistix is a leader in well-head compression, vapor recovery applications, and methane detection. Commaris, a brand of Terrafugia, Inc., delivers uncrewed aerial vehicles (UAVs) for commercial operations in power, gas, oil, mapping, agriculture, and security. Commaris’s flagship UAV, the SEEKER, provides industry-leading flight times with ultra-low noise output, fast and precise vertical takeoff and landing, and dual-GPS systems with automated route planning. Flogistix and Commaris have announced that the companies are exploring combining their strengths and jointly addressing various energy market needs in aerial data acquisition and delivery, which will position both companies to jointly provide value in the rapidly growing field of aerial data collection and delivery.

Related Press Release: Flogistix & Commaris Announce Collaborative Exploration

Orion Energy Partners, a leading diversified investment firm with credit, growth, and equity funds, has recently announced that they have changed its name to Orion Infrastructure Capital (“OIC”). With approximately $3 billion in assets under management, OIC will focus on offering capital solutions to middle market businesses in energy efficiency, digital infrastructure, social infrastructure, sustainable power generation, renewable fuels, waste & recycling, water, transportation, and agriculture industries.

ProFrac Holding Corp. ("ProFrac") is a growth-oriented, vertically integrated energy services company providing hydraulic fracturing, completion services, and other complementary products and services to upstream oil and gas companies. U.S. Well Services, Inc. ("USWS") is a leading provider of electric pressure pumping services. USWS' patented electric pressure pumping technology provides one of the first fully electric, mobile well stimulation systems powered by locally supplied natural gas, including field gas sourced directly from the wellhead. The combination creates a market leader in NextGen frac solutions and a combined company with an expected 44 active fleets by the end of 2022. The acquisition is expected to be completed in the fourth quarter of 2022, subject to the satisfaction of customary closing conditions, including the approval of USWS stockholders.

Related Press Release: ProFrac Holding Corp. To Acquire U.S. Well Services, Inc.

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