US Department of Energy (DOE) | August 18, 2022
To commemorate the fifth anniversary of Hurricane Harvey, the Houston energy community, brought together by ALLY Energy, is convening with the US Department of Energy (DOE) to explore the progress Houston has made since 2017 on climate resiliency and on ensuring a just energy transition. Hurricane Harvey was a significant recent reminder of the critical need for climate resilience and for the transition to net-zero economies to be inclusive and just – so no one is left behind.
“A just and inclusive energy transition doesn’t happen without a strong partnership between the private and public sector. We are proud to host DOE and honor the mayor for creating and adopting a city-wide Climate Action Plan and representing Houston on a national level as the Chair of the Climate Mayors.”
-Katie Mehnert, CEO of ALLY Energy.
Following a series of informative meetings around Houston, the DOE visit will culminate in a luncheon on Friday, August 26 during which Mayor Turner, the DOE, and Houston energy leaders will discuss the lessons learned over the last five years and what a just energy transition means for our community. ALLY Energy will also present Mayor Houston with its first Lifetime Achievement GRIT Award for his work on climate resiliency.
I am honored and humbled to accept the first ALLY Energy Lifetime Achievement GRIT Award, said Mayor Sylvester Turner. Houston has faced seven federally declared disasters in seven years. Yet, our city proves time again that we are strong and resilient as we build toward the future. We are the energy capital of the world while leading on energy transition. We know we can effectively mitigate climate change, implement resilient strategies, and address the needs of our most under-resourced communities - without leaving anyone behind.
We applaud Mayor Sylvester Turner and our fellow energy leaders for the important work our city is doing to ensure Houston is leading the charge in accelerating a just energy transition, said William J. (John) Berger, Chief Executive Officer of Sunnova Energy International. If the current global energy crisis has taught us anything, it’s that our country, and our home state of Texas, must come together to support a resilient energy transition by ensuring we address energy affordability, safeguard energy security, and mitigate climate change in the face of growing economic hardship and extreme weather events.
Also at the lunch, the audience will get to experience a film premier from the Rational Middle, a documentary that highlights experts in environmental justice and aims to clarify how we can take advantage of the opportunities of a just transition.
“We believe for the U.S. to make progress and to achieve its net zero goals, everybody has to feel they are part of the energy transformation, As we all build a cleaner energy future together, Shell USA will continue to focus on how we create economic, social, and environmental value in our communities and nationwide. We are very proud to partner with Shell USA’s hometown, Houston, on its path toward climate resiliency.”
-Gretchen Watkins, President Shell USA, Inc.
INFORMATION ON THE LUNCHEON
Houston has long been known as the oil and gas capital of the world. As it transitions itself to the energy capital of the world, how can it ensure a just transition? Attend the limited-seating event by registering here. We are grateful to our sponsors, Shell USA, Inc. and Sunnova Energy, for helping to make this important event a reality.
ABOUT ALLY ENERGY & THE GRIT AWARDS:
ALLY Energy is the leading energy workforce platform that builds culture, careers, and skills for an equitable transition. ALLY connects the energy industry and public to resources and best practices and serves as a neutral platform for dialogue and actions to address the energy transition. The community includes professionals and startups in 120 countries in nearly 1,000 companies across energy in oil and natural gas, utilities, renewables, and climate technology. The annual GRIT Awards℠ & Best Energy Workplaces℠ were created to honor industry leaders, professionals, academia, students, and public servants for their achievements in driving a just, equitable, diverse, and inclusive energy transition.
Parker | July 20, 2022
Parker Hannifin Corporation (NYSE:PH) today welcomes the announcement from the UK’s Secretary of State for Business, Energy and Industrial Strategy that, following public consultation, he accepts the competition and national security undertakings provided by Parker in relation to the Meggitt acquisition and the transaction is therefore cleared to proceed by the UK Government. As previously announced on August 2, 2021, the boards of Meggitt and Parker reached agreement on the terms and conditions of a recommended all cash acquisition by Parker of the entire issued, and to be issued, ordinary share capital of Meggitt PLC (the “Acquisition”).
Parker also confirms that it has signed legally binding economic commitments with the UK Government. These commitments include maintaining the following, for five years after the closing of the Acquisition (“Undertaking Period”):
Meggitt’s headquarters and its aerospace and advanced materials center of excellence in Ansty Park, in Coventry, UK;
Meggitt’s key areas of existing operational capability in the UK;
R&D (including product engineering) and manufacturing labor headcount in the UK;
Meggitt’s sustainability targets of reducing net carbon emissions by 50 per cent, by 2025; and achieving net zero greenhouse gas emissions by 2050; and
Contractual obligations regarding supply of goods and services to HM Government.
Finally, as innovation is a key driving factor of success for both Meggitt and Parker, Parker has agreed to increase Meggitt’s R&D expenditure in the UK by at least 40 per cent, by the end of the Undertaking Period, and its UK apprenticeship opportunities by 20 per cent.
“We are pleased to have reached this important clearance milestone from the UK Secretary of State, We have also agreed to substantial legally binding commitments, which underscore our deep commitment to the UK. As we move closer to the completion of the acquisition and the combination of these two strong businesses, we look forward to welcoming the Meggitt team to Parker.”
-Tom Williams, Chairman and Chief Executive Officer, Parker.
The Acquisition remains subject to satisfaction or, where applicable, waiver of the conditions set out in the scheme circular published on August 16, 2021, including regulatory clearance and the sanction of the scheme of arrangement by the High Court of Justice in England and Wales pursuant to the UK Companies Act 2006. Parker continues to expect the Acquisition to close in Q3 2022.
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.
Booz Allen | July 26, 2022
Booz Allen Hamilton (NYSE: BAH) announced today it has partnered with Acalvio Technologies to improve the nation’s cybersecurity operations with proactive defenses that will help government and commercial organizations build greater resilience in the face of an increasingly dynamic threat landscape. This partnership complements Booz Allen’s National Cyber strategy by adding cyber deception to the firm’s intelligence-grade tradecraft and full-spectrum capabilities.
Acalvio’s patented and award-winning Autonomous Deception product, ShadowPlex, the only advanced cyber deception product with FedRAMP certification, enables organizations to detect, investigate, and respond to malicious activity in information technology (IT) and operational technology (OT) environments across on-premises and cloud deployments. Together, Booz Allen and Acalvio will bring these sophisticated capabilities to government and commercial clients to combat advanced cybersecurity challenges, including advanced persistent threats (APT), ransomware, and insider threats. Key benefits of the partnership include:
Accelerated Threat Detection to Connect the Dots: With more than 5,000 cyber professionals with proven skillsets to support clients, Booz Allen cuts through the noise and connects across missions, sectors, and data silos to provide a comprehensive view of the threat landscape. Now, with Acalvio’s ShadowPlex, clients can better prioritize the endless number of alerts they receive with high-confidence alerts across identity management and cyber asset threats that are not always prevented by traditional sensor strategies. This approach reduces the attacker dwell time with early detection and increases security operations center efficiency with sophisticated investigation.
Adversarial Insights to Outpace the Competition: Backed by over 20 years of support across classified missions and commercial critical infrastructure sectors, Booz Allen uses a combination of reverse engineering, defensive technologies, predictive analytics, vulnerability assessments, proactive threat hunting, artificial intelligence (AI), and machine learning (ML) in preparation for adversaries. Now, this portfolio adds Acalvio’s patented Deception Farm architecture, a key differentiator for clients, to deploy deceptive artifacts—like fake hosts or “honeypots” —that act as tripwires to detect intruders to better understand their behaviors. Combined, these solutions allow for new and unique insights that can be quickly implemented to stop bad actors in their tracks.
Automated Deployments to Stay Ahead: Innovative solutions are only as good as their ability to rapidly integrate into the mission and quickly drive outcomes. Acalvio’s ShadowPlex automates and simplifies the configuration and deployment of deception artifacts, combining pre-defined playbooks with an AI-based recommendation system. With this partnership, Booz Allen will provide ready-to-deploy packaged solutions that automate service delivery to create scale, with lower cost, and greater mission impact.
“As cyber threats grow increasingly advanced, Booz Allen is committed to developing secure, trusted, and resilient strategies that enhance the nation’s cybersecurity posture, To outpace the adversary, it is imperative that government and commercial organizations better integrate and synchronize the way they conduct cyber offense and defense. Booz Allen’s partnership with Acalvio achieves this, using offensive insights to inform cyber defense and addressing current gaps in the marketplace. This innovative approach operationalizes insights in real time so we can evolve our solutions to keep pace with the cyber landscape.”
-Garrettson Blight, Director of National Cyber Solutions Booz Allen.
The strategic partnership adds cyber deception to Booz Allen’s multiple cyber-enabled platforms for OT, cloud security, 5G technology security, connected health, and weapons systems cybersecurity, and complements Booz Allen’s existing operational capabilities such as threat hunting, detection engineering, and zero trust.
“We are proud to partner with Booz Allen to deliver innovative and ready-to-deploy cyber deception capabilities for government and commercial clients, These offerings will empower government and commercial organizations to combat advanced cybersecurity challenges with solutions that deploy at speed and at scale in a fast-changing environment. With a combined focus on relentless innovation, this collaboration will allow clients to stay ahead of the competition and defend their most critical assets.”
-Ram Varadarajan, CEO and Co-founder of Acalvio Technologies.
With cross-sector mission understanding, battle-tested approaches, and ready-to-deploy solutions, Booz Allen is disrupting how the nation tackles cybersecurity and is taking a holistic approach to anticipate and solve the most complex cyber challenges. Learn more about Booz Allen’s vision for bolder cybersecurity strategy, operations, and solutions, and the firm’s long history of supporting U.S. government work in cyber defense and offense.
About Booz Allen Hamilton-
For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital solutions, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. We work shoulder-to-shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision.