40+ results for "Manufacturing"
Worthington Enterprises Reports First Quarter Fiscal 2027 Results
COLUMBUS, Ohio, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Worthington Enterprises Inc. (NYSE: WOR), a designer and manufacturer of market-leading products and solutions for building, trade and specialty applications, today reported results for its fiscal 2027 first quarter ended August 31, 2026. Recent Developments and First Quarter Highlights (all comparisons to the first quarter of fiscal 2026) Net sales were $343.9 million, an increase of $40.2 million, or 13%, including 6% from recent acquisitions
Kristen Walters named Food & Beverage national industry leader
ISELIN, N.J., Sept. 22, 2026 (GLOBE NEWSWIRE) -- Forvis Mazars LLP, one of the largest public accounting and consulting firms in the United States, has named Partner Kristen Walters as Food & Beverage national industry leader. Walters will guide strategic initiatives and nationwide service delivery for clients in the food and beverage industry within the firm’s broader Manufacturing sector. In her new role, she will help shape the firm’s national strategy and delivery of accounting, tax, and con
Canada could add $5.4B to GDP by processing more of its crops at home: EY
New analysis finds redirecting just 10% of raw crop exports to domestic processing could support 34,000 Canadian jobs SASKATOON, SK, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Canada could generate up to $5.4 billion in additional GDP and support approximately 34,000 full-time-equivalent jobs by redirecting just 10 per cent of its raw crop exports to value-added processing here at home, according to new EY analysis released today by Protein Industries Canada. The findings come as the federal government
Semiconductor Manufacturing Equipment Market Growth is Driven by AI Chips, Fab Expansion and Advanced Packaging Globally
SNS Insider estimated, the Global Semiconductor Manufacturing Equipment Market is projected to reach USD 279.63 billion by 2035 as AI, 5G, automotive electronics and advanced semiconductor fabrication accelerate equipment demand Austin, Sept. 22, 2026 (GLOBE NEWSWIRE) -- The global Semiconductor Manufacturing Equipment Market was valued at USD 115.86 billion in 2025 and is projected to reach USD 279.63 billion by 2035, expanding at a CAGR of 9.21% during 2026–2035. Demand is being driven by high
COSUN SIGN and Shenzhen University Establish Joint Research Platform to Advance AI Foundation Models for the Signage Industry
SHENZHEN, China, Sept. 22, 2026 (GLOBE NEWSWIRE) -- COSUN SIGN , a signage manufacturer in China , has announced new progress in its industry-academia-research collaboration. The company entered into cooperation agreements with Shenzhen University and a leading Chinese university , establishing a joint research collaboration focused on AI-enabled intelligent manufacturing, AI signage design and AI-driven digital signage solutions . The collaboration aims to combine university research capabiliti
Sensolus IoT tracking solutions provide real-time visibility into material flows at Pratt & Whitney Canada
Deployed by Sensolus partner Gemba Systems, smart trackers are helping Pratt & Whitney Canada improve shop-floor processes and audit readiness across its Montreal operations Tracker Mounted on a Container A Sensolus smart tracker mounted on industrial equipment. This image is illustrative only and was not taken at a Pratt & Whitney Canada facility. Warehouse Racking with Tracker and Tag Sensolus trackers deployed on warehouse racking and equipment, illustrating how the devices are installed in t
newcleo Begins Trading on Nasdaq Under Symbol "NWCL"
NEW YORK, Sept. 22, 2026 (GLOBE NEWSWIRE) -- new cleo plc (“ new cleo” or the “Company”), a pioneer in advanced modular reactor (“AMR”) technology and nuclear fuel manufacturing, announced that its ordinary shares and warrants will begin trading on the Nasdaq Global Select Market today, September 22, 2026, under the ticker symbols “NWCL” and “NWCLW”, respectively. “Today marks a pivotal milestone for newcleo as we bring our technology to the public markets,” said Stefano Buono, CEO and co-founde
GSME and Teradyne Announce Strategic Partnership
Collaboration to Accelerate Semiconductor Test Solutions for Hyperscaler AI, Automotive, Silicon Photonics, and Next Generation Devices SAN JOSE, Calif. , Sept. 22, 2026 -- GS Microelectronics U.S., Inc. ( GSME ), a fast-growing semiconductor solutions provider, and Teradyne, Inc. (NASDAQ: TER), a leading provider of automated test equipment and advanced robotics, today announced a multi year strategic partnership to establish a state of the art semiconductor test and evaluation center designed to accelerate customer time to market. The collaboration integrates GSME s turnkey design and manufacturing enablement capabilities with Teradyne s industry leading automated test platforms, creating a high performance environment for device evaluation, engineering development, and production readiness.
Beam Global Enters LOI to Acquire European Drone Technology Company and Position Beam to Become a Vertically Integrated Drone Company
Beam to commence manufacturing of a U.S. Department of War Conditionally Approved Drone System in the U.S. post-acquisition and market drone solutions across its global footprint SAN DIEGO, Sept. 22, 2026 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for energy storage and security, electrification of mobility, and smart city infrastructure, announces it has signed a non-binding Letter of Intent with a vertically integr
Pylontech Starts Mass Production of 588Ah and 601Ah LFP Cells for ESS
HEFEI, China , Sept. 22, 2026 -- Pylontech (688063:SH) starts mass production of its 588Ah and 601Ah Prismatic LFP Cells for ESS at its Hefei manufacturing base on September 21, marking a new step in the company s expansion into utility-scale energy storage. Developed in-house, the 588Ah and 601Ah cells are designed for large-scale energy storage applications, offering high safety, long cycle life and high energy efficiency. More than 100MWh of the new cells have already been produced , demonstrating the company s ability to manufacture the new products at scale. The cells are also being integrated into Pylontech s next-generation PyOcean 6.25MWh and 8MWh energy storage systems , which are set to enter project delivery.
CATL kicks off trial production of battery cells in Hungary
DEBRECEN, Hungary , Sept. 22, 2026 -- CATL begins trial production on 22 September 2026 in its newly built cell factory in Debrecen as the company had fulfilled all preconditions required to commence trial run. The purpose of trial production is to set up, optimise and validate the production equipment and manufacturing processes ahead of the start of series production. CATL Debrecen continues cooperating and working closely with the government and the authorities in order to keep high standards on the environmental issues as well as the health and safety of its employees.
Woodward Plans to Transition Its Santa Clarita, California, Aerospace Controls Production to Spartanburg, South Carolina
Military controls production will move to the company’s new, state-of-the-art Spartanburg site; smaller, select product lines are under agreement to be sold, along with the Santa Clarita campus FORT COLLINS, Colo., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD), a world leader in aerospace and industrial control solutions, today announced its plans to transition production out of its Santa Clarita, California, facility to streamline its portfolio and refine its manufacturing foo
Active Pharmaceutical Ingredients CDMO Market Grows as ADC and HPAPI Outsourcing Reshapes Oncology Manufacturing
As per SNS Insider, the Global Active Pharmaceutical Ingredients CDMO Market is projected to reach USD 260.7 billion by 2035, growing at a 8.1% CAGR, while the U.S. market is projected to reach USD 98.4 billion, advancing at 7.8% CAGR, as expanding oncology pipelines drive pharmaceutical companies to outsource complex, high-containment molecule production. Austin, United States, Sept. 21, 2026 (GLOBE NEWSWIRE) -- The global Active Pharmaceutical Ingredients CDMO Market was valued at USD 119.9 bi
Semiconductor Chip Ecosystem Market Expands as Foundry Investment and Chiplet Architectures Reshape AI Chip Production
As per SNS Insider, the Global Semiconductor Chip Ecosystem Market is projected to reach USD 1,846.90 billion by 2035 as AI accelerators, advanced-node manufacturing, chip design, packaging and supply-chain localization reshape semiconductor investment Austin, Sept. 21, 2026 (GLOBE NEWSWIRE) -- The global Semiconductor Chip Ecosystem Market was valued at USD 705.40 billion in 2025 and is projected to reach USD 1,846.90 billion by 2035, expanding at a CAGR of 10.2% during 2026–2035. Demand will b
Form Energy Announces Closing of $270M Credit Facility
WEIRTON, W.V., Sept. 21, 2026 (GLOBE NEWSWIRE) -- Form Energy, Inc. ("Form Energy" or the "Company"), an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems, today announced the closing of a $270 million credit facility, comprised of a revolving credit facility and a tax credit advance facility that can advance against tax credits generated from production of eligible components under Section 45X Advanced Manufacturing Produc
A New Highland for the Modern Paper Industry Rises on the Banks of the Xijiang River Gangbei District, Vigorously Promotes High-Quality Development of the Modern Paper Industry
Bureau of Industry and Information Technology, Gangbei District GUIGANG, China, Sept. 21, 2026 (GLOBE NEWSWIRE) -- According to data recently released by the Bureau of Industry and Information Technology, Gangbei District, Guigang city, Guangxi Zhuang Autonomous Region, the output value of paper manufacturing and paper products above designated size in the district increased by 24.37% year-on-year from January to July this year, demonstrating a robust and positive momentum in industrial developm
ZJK Industrial Co., Ltd. Reports Financial Results for First Half of Fiscal Year 2026
Revenues rose 36.6% year over year, mainly driven by higher average selling prices AI infrastructure and liquid cooling continue to gain strategic importance, with large-volume customer orders secured subsequent to the first half of 2026 SHENZHEN, China, Sept. 21, 2026 (GLOBE NEWSWIRE) -- ZJK Industrial Co., Ltd. (NASDAQ: ZJK) (“ZJK” or the “Company”), a high-tech precision parts and hardware manufacturer serving artificial intelligence (AI) infrastructure, consumer electronics, electric vehicle
Ethan Allen Board Announces Ongoing CEO Succession Process to Drive Next Phase of Value Creation
Formal, Independent Process Will Consider Internal and External Candidates; Board Commits to Announcing Next CEO of Ethan Allen No Later Than June 30, 2027 DANBURY, CT, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD), a leading interior design company, manufacturer and retailer in the home furnishings marketplace, today announced the Board of Directors’ (the “Board”) ongoing formal CEO succession process. The Corporate Governance, Nomina
GAC Cambodia KD Plant Starts Production, Setting a New Benchmark for Localized Manufacturing
KAMPONG CHHNANG, Cambodia , Sept. 19, 2026 -- On September 17, the inauguration ceremony of GAC Cambodia KD Plant was grandly held in Kampong Chhnang Province. Cambodian Prime Minister Hun Manet and Chinese Ambassador to Cambodia Wang Wenbin attended the ceremony, while Jiang Xiuyun, Deputy General Manager of GAC Group, and Wang Shunsheng, Deputy General Manager of GAC International and President of the Southeast Asia Regional Center, together with the leadership of TH Group, GAC s strategic partner in Cambodia, witnessed the official launch of the THAM assembly plant for GAC vehicles. This marks a new stage in GAC s development in Cambodia, transitioning from complete vehicle exports to local manufacturing, and stands as yet another achievement of China-Cambodia economic and trade cooperation.
Telix and ITM Join Forces to Create a Radiopharmaceutical Powerhouse
Transformational merger reinforces Telix’s long-term growth strategy as a vertically integrated radiopharmaceutical company with enhanced capabilities across development, isotope production and global manufacturing, underpinned by commercial excellence and the industry’s most extensive therapeutic pipeline. ITM is the world’s leading supplier of therapeutic radioisotopes, with broad capabilities spanning lutetium-177 ( 177 Lu), actinium-225 ( 225 Ac) and terbium-161 ( 161 Tb) production. ITM is
GAC Cambodia KD Plant Starts Production, Setting a New Benchmark for Localized Manufacturing
Cambodia , Sept. 19, 2026 -- On September 17, the inauguration ceremony of GAC Cambodia KD Plant was grandly held in Kampong Chhnang Province. Cambodian Prime Minister Hun Manet and Chinese Ambassador to Cambodia Wang Wenbin attended the ceremony, while Jiang Xiuyun, Deputy General Manager of GAC Group, and Wang Shunsheng, Deputy General Manager of GAC International and President of the Southeast Asia Regional Center, together with the leadership of TH Group, GAC s strategic partner in Cambodia, witnessed the official launch of the THAM assembly plant for GAC vehicles. This marks a new stage in GAC s development in Cambodia, transitioning from complete vehicle exports to local manufacturing, and stands as yet another achievement of China-Cambodia economic and trade cooperation.
BMI Resins Market Advances as Aerospace Production Expands Demand for High-Temperature Composite Materials
The BMI Resins Market is projected to reach USD 1.29 Billion by 2035, growing at a 4.97% CAGR, while the U.S. market is expected to reach USD 0.39 Billion, advancing at 4.50% CAGR, as aerospace manufacturing increases demand for high-performance composites. Austin, Sept. 18, 2026 (GLOBE NEWSWIRE) -- According to SNS Insider, The BMI Resins Market was valued at USD 0.80 Billion in 2025 and is projected to reach USD 1.29 Billion by 2035, registering a CAGR of 4.97% from 2026 to 2035. BMI resin is
AMC Robotics Enters into Standby Equity Purchase Agreement to Provide up to $50 Million of Funding to Accelerate Commissioning of Its Robotic Manufacturing Facility
NEW YORK, Sept. 18, 2026 (GLOBE NEWSWIRE) -- AMC Robotics Corporation (Nasdaq: AMCI) (“AMC Robotics” or the “Company”), an AI-driven robotics solutions provider, today announced it has entered into a $50 million standby equity purchase agreement (the “Agreement”). In connection with the Agreement, an institutional investor (the “Investor”) loaned the Company $3.88 million in exchange for convertible promissory notes (the “Notes”), to be funded in two tranches, subject to certain conditions. The
Mission Critical Group Announces Closing of Preferred Investment Led by Liberty Mutual Investments
FRISCO, Texas, Sept. 18, 2026 (GLOBE NEWSWIRE) -- Mission Critical Group (“MCG” or the “Company”), a leading provider of comprehensive electrical infrastructure solutions for mission critical facilities, including data centers, manufacturing plants, and energy infrastructure, and a portfolio company of Emerald Lake Capital Management , today announced the closing of a preferred investment led by Liberty Mutual Investments (“LMI”), the investment firm for Liberty Mutual Group (“Liberty”). Invesco
BioStem Technologies Secures Up to $40 Million in a Committed Equity Facility
POMPANO BEACH, Fla., Sept. 18, 2026 (GLOBE NEWSWIRE) -- BioStem Technologies, Inc. (Nasdaq: BSEM) (“BioStem” or the “Company”), a leading regenerative medicine company focused on the development, manufacturing, and commercialization of perinatal tissue allograft products, today announced it has entered into a $40 million Committed Equity Facility (the “CEF”) with Roth Principal Investments, LLC (“Roth”), an affiliate of CR Financial Holdings, Inc., the holding company for Roth Capital Partners.
XCMG Breaks Ground on Its First Overseas Base for Mining Equipment Component Overhaul and Remanufacturing in Indonesia
BALIKPAPAN, Indonesia , Sept. 18, 2026 -- XCMG broke ground on the XCMG Indonesia Remanufacturing Center on Sept. 16 in Balikpapan, Indonesia. As XCMG s first overseas base dedicated to the overhaul and remanufacturing of mining equipment components, the project marks the start of a localized aftermarket service center supporting equipment throughout its operational lifecycle and represents a key step in the company s overseas localization strategy.
Gentherm and Modine Manufacturing Company Announce Additional Information in Connection with Proposed Combination of Gentherm and Modine’s Performance Technologies Business
Modine sets record date for spin-off of Performance Technologies Gentherm declares special cash dividend payable following completion of the transaction and conditioned on closing NOVI, Mich. and RACINE, Wis., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM) (“Gentherm”) and Modine Manufacturing Company (NYSE: MOD) (“Modine”) today announced additional information in connection with the anticipated completion of the previously announced combination of Gentherm and Modine’s Performance
GoldHaven Highlights Landmark US$450 Million U.S. Government Investment to Secure Tungsten Supply Chain
VANCOUVER, British Columbia, Sept. 17, 2026 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. (“GoldHaven” or the “Company”) highlights the recent announcement of a US$450 million U.S. government investment in The Elmet Group aimed at expanding domestic tungsten capacity and securing America’s tungsten supply chain. The landmark commitment provides another powerful indication of tungsten’s growing strategic importance to national security, defence, aerospace and advanced manufacturing. Highlights US
Precision Optics Announces Initial Engineering Order from New Satellite Optical Communications Customer
Initial order establishes second satellite laser communication customer and supports development roadmap targeting production in approximately 6-12 months LITTLETON, Mass., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Precision Optics Corporation, Inc. (Nasdaq: POCI) (the "Company"), a leading designer and manufacturer of advanced optical instruments for the medical and defense/aerospace industries, today announced the receipt of an initial $50,000 development order from a U.S. space technology company de
Forge Nano Expands Partnership with Battery AI Software Leader Voltaiq to Put AI at the Center of Battery Development and Manufacturing
Voltaiq Battery Intelligence platform will embed AI and advanced analytics across Forge Nano’s growing U.S. battery development and production operations. DENVER and CUPERTINO, Calif., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Forge Nano, Inc. , a leading U.S.-based semiconductor equipment and advanced materials company pioneering Atomic Layer Deposition (“ALD”) technology for artificial intelligence (“AI”)-era chip manufacturing and defense battery applications, which has signed an agreement to merge
Semiconductor Wet Chemicals Market Advances as Advanced Chip Manufacturing Expands Global Fab Capacity
The Semiconductor Wet Chemicals Market is projected to reach USD 8.38 Billion by 2035, growing at a 3.70% CAGR, while the U.S. market is expected to reach USD 1.87 Billion, advancing at 3.63% CAGR, as semiconductor fabrication capacity expands and process complexity increases. Austin, Sept. 17, 2026 (GLOBE NEWSWIRE) -- According to SNS Insider, The Semiconductor Wet Chemicals Market was valued at USD 5.84 Billion in 2025 and is projected to reach USD 8.38 Billion by 2035, registering a CAGR of 3
Mitsui Kinzoku Partners with Factorial to Scale All-Solid-State Battery Manufacturing
Factorial Energy and Mitsui Kinzoku Partner to Advance All-Solid-State Battery Industrialization Alex Yu, co-founder and CTO of Factorial Energy (left), and Dr. Kiyotaka Yasuda, Senior Executive Officer and General Manager, Business Creation Division at Mitsui Kinzoku Company, Limited (right), mark the companies’ joint development agreement to advance the industrialization of Factorial’s Solstice™ all-solid-state battery platform. Strategic partnership expected to accelerate global scale up of F
sensiBel Partners with X-Celeprint To Scale High-Volume Production of 80dBA SNR Optical MEMS Microphone
sensiBel leverages X-Celeprint’s Micro-Transfer Printing to achieve wafer-level production of optical-detection module in its acoustic sensors OSLO, Norway and CORK, Ireland, Sept. 17, 2026 (GLOBE NEWSWIRE) -- sensiBel , the leader in optical MEMS sensing, today announced a strategic manufacturing partnership with X-Celeprint , the leader in Micro-Transfer Printing (MTP) industrial solutions for combining tiny, non-native components on a single substrate to achieve high-volume, high-precision pr
Di Nitro Toluene Market Size to Reach USD 5.14 Billion by 2035; Growth Driven by Rising Chemical Manufacturing and Explosives Demand | SNS Insider
U.S. Market to Grow from USD 0.88 Billion to USD 1.69 Billion by 2035; Europe to Reach USD 0.93 Billion Amid Strong Chemical Industry Demand Austin, Sept. 17, 2026 (GLOBE NEWSWIRE) -- According to SNS Insider, The Di Nitro Toluene Market was valued at USD 2.58 Billion in 2025 and is projected to reach USD 5.14 Billion by 2035, registering a CAGR of 7.17% from 2026 to 2035. Di nitro toluene (DNT) is a significant intermediate for the manufacture of explosives, toluene diisocyanate (TDI), polyuret
ASML reinforces support for India's semiconductor ambitions at SEMICON India 2026
NEW DELHI , Sept. 17, 2026 -- ASML, one of the world s leading semiconductor equipment manufacturing companies, is showcasing its holistic lithography solutions at SEMICON India and reaffirms its support for customers and collaboration with ecosystem partners as India s semiconductor industry continues to develop. Supporting scalable semiconductor manufacturing Lithography is a crucial step in semiconductor manufacturing, enabling chipmakers to print intricate circuit patterns on silicon wafers. At SEMICON India, ASML is highlighting its holistic lithography portfolio, which combines lithography systems, computational lithography software, metrology and inspection solutions to help semiconductor manufacturers optimize performance, improve yield and support high-volume production.
Lime Rock New Energy’s HCP Infrastructure Acquires Holton Concrete Products
Investment supports capacity expansion, lower-carbon manufacturing, and growth in the Middle Tennessee infrastructure market Christiana, TN, Sept. 16, 2026 (GLOBE NEWSWIRE) -- HCP Infrastructure, Inc. (“HCP”), Lime Rock New Energy’s (“LRNE”) low-carbon precast concrete manufacturing platform, today announced that it has acquired 100% of Holton Concrete Products, LLC (“Holton” or the “Company”) from founders Thomas and Barbara Holton. LRNE was joined by Aligned Climate Capital, which made a minor
Well Over 10 Organizations Are Joining Cylake’s Design Partners Program
Cylake is working with a cross-industry cohort for product input ahead of its beta release, building a platform tailored to real customers’ needs SUNNYVALE, Calif., Sept. 16, 2026 (GLOBE NEWSWIRE) -- Cylake , the complete cybersecurity platform for operational sovereignty, today announced that well over 10 organizations are joining its Design Partners program. Program participants include providers in industries like critical infrastructure, healthcare, financial services, and manufacturing, amo
Blue Mountain and Stormbit Announce Strategic Partnership to Bring Asset Intelligence to the Point of Use for Life Sciences Manufacturers
STATE COLLEGE, Pa., Sept. 16, 2026 (GLOBE NEWSWIRE) -- Blue Mountain, the leader in GMP-compliant Enterprise Asset Management (EAM) software for Life Sciences, and Stormbit GmbH, part of the Systec & Solutions Group, today announced a strategic partnership to bring real-time asset intelligence directly to operators at the point of work in life sciences manufacturing environments. The partnership will connect Blue Mountain’s enterprise asset intelligence solution RAM with Stormbit’s VEYA digital
Renault Geely do Brasil Announces the Start of Local Production of the First Geely Car in Brazil
The first locally manufactured Geely EX5 EM-i Super Hybrid officially rolls off the line at the modernized Ayrton Senna Industrial Complex, marking a historic milestone in Geely’s globalization strategy. As the first production milestone resulting from the Geely-Renault cooperation, this launch anchors Geely Auto’s local operational capabilities in Latin America. The facility’s technological upgrade secures the local manufacturing footprint for next-generation EVs, confirming the production of t
Piramal Pharma Solutions Advances Sustainability Efforts with Solar Power Plant Addition at Morpeth, UK Site
Piramal Pharma Solutions is installing a ground-mounted solar power plant (4.3 MWp) at its integrated drug substance and drug product site in Morpeth, UK. The new plant will provide renewable energy directly to the site through a behind-the-meter setup, supporting Piramal s commitment to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by FY2030. MUMBAI, India , Sept. 16, 2026 -- Piramal Pharma Solutions ( PPS ), a leading global Contract Development and Manufacturing Organization (CDMO) and part of Piramal Pharma Ltd. ( PPL ) (NSE: PPLPHARMA) (BSE: 543635), is strengthening its decarbonization efforts with the addition of a 4.3 MWp ground-mounted solar power plant at its integrated drug substance and drug product facility in Morpeth, UK. Once operational, the plant will supply the site with approximately 3,950 MWh of renewable electricity each year, meeting around 22% of its annual electricity demand. Featuring around 6,200 solar panels across 16 acres of land, the installation will produce enough clean energy to power approximately 1,460 UK homes per year. The project is being delivered under a Power Purchase Agreement (PPA) with Alight UK BTM1 Limited ( Alight ), a leading solar developer and independent power producer.