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Babcock has launched Pelorus, a transformative digital platform designed to connect the build, operation and support of maritime assets across their entire lifecycle.

The whole-life digital management platform provides real-time insight and intelligence across individual vessels, fleets and programmes, creating a connected ecosystem of information that supports assets from initial design and construction through to operational deployment and long-term sustainment. Already deployed, in selected Babcock managed marine build and support environments, the platform can also be adapted for use across other defence and critical infrastructure domains.

As momentum builds behind Hybrid Navy concepts, including our own ARMOR Force (Autonomous and Remote, Maritime Operational Response Force) approach, we’re advancing complementary digital support systems that support legacy fleets, new-to-service warships and future hybrid and autonomous capabilities within a single connected platform.

Coordinated through a central command centre, it synchronises data from multiple systems and sources, enabling programme teams, operators and support organisations to make faster, data-driven decisions. By bringing together previously disparate information, the platform helps improve programme performance, enhance operational readiness and optimise through-life support.

As navies around the world pursue major recapitalisation and modernisation programmes, Pelorus offers a scalable, digital solution that connects people, processes and systems, providing a rich and continuously evolving picture of asset performance throughout its lifecycle, redefining how the modern navy manages its assets.

The platform has been developed with partners to address a number of key trends shaping the future of naval capability, including increasing demands for fleet readiness and availability, digital shipbuilding transformation, the growth of artificial intelligence, analytics and digital twins, and the need to modernise and extend the life of existing fleets.

Sir Nick Hine, Chief Growth Officer and Chief Executive – Marine, Babcock said: “The future of maritime capability depends on the ability to connect design, production, operational and support data into a single digital environment. Pelorus provides our customers with a powerful whole-life view of their assets, enabling better decisions, improved performance and greater operational availability.

“By creating a connected digital thread from build to support, we can help navies and maritime operators accelerate delivery, optimise readiness and unlock greater value throughout the lifecycle of their assets.”

The launch reinforces our continued investment in digital innovation and supports our ambition to deliver smarter, more connected defence solutions that enhance customer capability and mission success.

Siemens and NVIDIA are putting AI to work in product design and production – and helping build the AI factories that power it. Ten months after expanding their partnership at CES, the companies are delivering new products and reporting measurable results from joint projects.

“Industrial AI gives our customers a once-in-a-century opportunity to do what was never possible before,” said Roland Busch, President and CEO of Siemens. “Together with NVIDIA, we are building the Industrial AI Operating System, combining their accelerated computing and AI platforms with our leading hardware, software, industrial AI and data. This will help customers make products smarter, factories more productive and infrastructure more efficient – with the safety, security and reliability industry demands.”

“AI is driving a new industrial revolution, transforming every industry and redefining what we can build and how we build it,” said Jensen Huang, founder and CEO of NVIDIA. “Together with Siemens, we are reinventing how chips are designed and AI factories are built – and putting that intelligence to work in the physical world, powering a new era of autonomous engineering and manufacturing.”

Designing the chips that enable AI
AI starts with chips. To deliver more computing power faster, Siemens and NVIDIA have developed AI agents that automate complex chip design tasks and verify their results using Siemens’ electronic design automation (EDA) tools and NVIDIA AI infrastructure. The latest application extends this work to electrical and thermal analysis.

As chipmakers stack components to build more powerful chips, heat becomes harder to manage and can limit performance. With Siemens’ AI-driven electrothermal workflow, engineers can predict where heat will build up and how it will affect a chip’s performance before manufacturing begins. AI agents plan and run the analysis across multiple engineering tools within Siemens’ EDA software portfolio. NVIDIA CUDA-X libraries accelerate the thermal simulation workflow, helping engineers evaluate design alternatives faster. The workflow helps engineers to set up multiple tools in under five minutes instead of several days and enables 50 times more design exploration than manual methods.

Building the infrastructure powering AI
AI factories turn data and energy into AI at scale. NVIDIA DSX defines the reference architecture for the AI factory. As a leading data center infrastructure provider, Siemens provides the electrical distribution, protection, automation and controls to the NVIDIA DSX architecture – from the grid connection to the AI rack – and the digital twin that customers use to design, build and operate the facility as one system.

Siemens, NVIDIA and ecosystem partners have introduced the NVIDIA DSX Vera Rubin Reference Design for the U.S. and European markets. These repeatable architectures translate NVIDIA DSX requirements into deployable power and controls infrastructure, bringing together power, cooling and compute requirements and adapting them to local standards to simplify planning, construction and operation. Siemens and Delta co-designed prefabricated, factory-tested electrical power modules that can reduce data-center time to market by up to 50 percent.

Siemens’ physics-based digital twin, developed with NVIDIA and built using NVIDIA Omniverse libraries, helps operators plan and optimize this infrastructure as one system. Even before construction begins, the digital twin shows how a facility will interact with the grid, where cooling could fall short and how noise from continuously operating cooling equipment could affect neighbors. Operators can identify and address potential bottlenecks, evaluate infrastructure tradeoffs that affect tokens per watt, and test noise-reduction measures before committing capital – helping them meet local requirements and build community trust. The digital twin can also provide utilities with additional visibility to inform grid-connection assessments. During operation, connected telemetry and simulation can help operators identify opportunities to improve cooling and electricity use.
Turning AI into real-world impact

Putting AI to work in industry means helping engineers develop better products faster and manufacturers run more resilient, efficient operations. To enable engineers to test more designs before building prototypes, Siemens combines its Simcenter simulation software with NVIDIA accelerated computing and NVIDIA CUDA-X libraries to accelerate supported simulation workloads. The package can run without an internet connection, keeping sensitive data on site. Simulations run up to ten times faster. Simcenter PhysicsAI uses models trained on simulation data to predict design performance up to 1,000 times faster than traditional simulation; local AI agents further accelerate simulation tasks, reducing manual effort and helping engineers iterate faster.

Siemens’ electronics factory in Erlangen serves as the blueprint for adaptive manufacturing. Here, Siemens and NVIDIA have developed and piloted AI applications that coordinate production tasks and prepare quality inspections. Intelligence Center X and Siemens’ operations software bring together data and workflows from enterprise resource planning (ERP) systems and the shop floor. AI agents built with the NVIDIA Factory Operations Blueprint (FOX) use this information to coordinate and optimize production planning, helping manufacturers adapt faster to changing conditions and cut costs by up to 20 percent.

For automated optical inspections, Process Preparation X uses Siemens’ Digital Twin and NVIDIA Cosmos Data Factory to create training data, eliminating a critical bottleneck in preparing quality inspections – the need to build physical prototypes – and helping to shorten time to market by up to 40 percent.

Manufacturers can also test production changes before implementing them. Digital Twin Composer – built using NVIDIA Omniverse libraries – connects virtual factory models to real operational data, and AI-powered factory scheduling allows teams to optimize production based on component availability, equipment maintenance and other variables. An initial customer deployment increased throughput by 20 percent. This implementation brings the NVIDIA Factory Operations Blueprint (FOX) to life through Siemens Intelligence Center X for operations.

DALLAS — A joint venture between AECOM (NYSE: ACM), Binnies and Ramboll today announced that it has been appointed by Singapore’s National Environment Agency (NEA) to deliver multi-disciplinary consultancy services for Phase 2 of the Integrated Waste Management Facility (IWMF). The facility will be a sustainable, highly advanced waste disposal facility that is integral to NEA’s long-term plans to meet Singapore’s future solid waste management needs.

Building on its role as Owner’s Engineer for Phase 1 of IWMF, which is currently being delivered by a team led by AECOM and Binnies with support from Ramboll, the joint venture will support the next phase of this nationally-significant project, located within Tuas Nexus — Singapore’s first integrated water reclamation and solid waste treatment facility.

Phase 2 will be designed to process up to 2,900 tons of waste per day, converting waste into energy while supporting resource recovery and exploring future carbon capture integration. IWMF’s co-location with the Tuas Water Reclamation Plant supports energy and resource recovery, reduces environmental impact and makes efficient use of space in land-scarce Singapore.

The joint venture will deliver services across planning, design, procurement support, construction supervision, and testing and commissioning. Drawing on its experience from Phase 1, the team will apply a refined multi-contract delivery approach that supports safe, efficient project execution.

Ian Chung, Chief Executive of AECOM’s Asia region, said: “The IWMF is a landmark project that reflects Singapore’s leadership in sustainable resource management. As Owner’s Engineer for Phase 1, we bring a strong understanding of the site, deep knowledge of the design and construction requirements, and its importance to Singapore. Together with our partners, we draw on global experience delivering complex, integrated infrastructure to support Singapore’s long-term growth and its sustainability ambitions.”

William Yong, Binnies Singapore Managing Director, said: “This new phase at Tuas Nexus combines the expertise of leaders in waste-to-energy engineering from AECOM, Binnies and Ramboll. Our team brings its global and local experience and proficiency in project management and construction supervision to support the development of this cutting-edge waste, water and energy processing system. The IWMF will play a significant role in the sustainable handling of municipal waste from across Singapore, making full use of the potential for energy generation on site through its advanced incineration systems, while exploring the infrastructure’s suitability for future carbon capture capabilities.”

Nick Fellows, Ramboll’s Managing Director for APAC, said: “As joint venture partners, we are honored to continue supporting NEA in delivering Phase 2 of the IWMF. By combining our regional strengths and global expertise, the partnership will deliver innovative and efficient waste-to-energy solutions. Together, we will work to realize the project benefits and set a new standard for resource recovery in the region and beyond.”

The joint venture combines local project experience with global waste-to-energy knowledge and practical experience, having delivered more than 200 facilities worldwide. Its continued involvement across both phases brings familiarity with site conditions, stakeholder requirements and the broader Tuas Nexus development.

Once completed, IWMF Phase 2 will play a key role in implementing Singapore’s integrated approach to waste and water management.

About AECOM 
AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients’ complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle — from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2025. Learn more at aecom.com.

About Binnies
At Binnies (www.binnies.com), we create new possibilities for humanity through our innovative approach to delivery. Backed by a culture that has stayed true since the company’s founding over 100 years ago, Binnies develops intelligent water and environmental solutions using a whole-life-cycle approach to deliver functional infrastructure and lasting environmental and social legacies. We strive to elevate the quality of life for our local communities today and for generations to come.
Binnies is an RSK Group company.

About Ramboll
Ramboll is a global architecture, engineering and consultancy company founded in Denmark in 1945. Ramboll’s more than 18,000 experts create sustainable solutions across Buildings, Transport, Architecture & Landscape, Water, Environment & Health, Energy and Management Consulting. Across the world, Ramboll combines local experience with a global knowledgebase to create sustainable cities and societies. We combine insights with the power to drive positive change to our clients, in the form of ideas that can be realised and implemented. We call it: Bright ideas. Sustainable change. Read more on ramboll.com.

IRVING, Texas, – Caterpillar Inc. (NYSE: CAT) will immerse visitors in the mine site of the future at MINExpo 2024, featuring industry-leading technologies, groundbreaking advancements in the energy transition and innovative customized solutions designed to help increase customer efficiency, safety and profitability. The 2024 exhibit reinforces Caterpillar’s position as the global industry leader in mining technology, with proven results in autonomy and automation and demonstrated progress in greenhouse gas reduction technologies.
“Our exhibit demonstrates how we are helping our customers operate more efficiently and safely,” said Jim Umpleby, Caterpillar Chairman and CEO. “Our integrated portfolio of equipment, technology, and power and energy solutions, combined with our aftermarket services, delivers an exceptional customer experience at every job site through customer-focused solutions and services.”

Key product highlights include:

· Cat® Dynamic Energy Transfer (DET), a fully Caterpillar-developed system that can transfer energy to both diesel-electric and battery-electric large mining trucks while they are working around a mine site.

· The 372-tonne Cat® 798 AC mining truck, configured for autonomous haulage with Cat MineStar™ Command for hauling.

· The Cat R1700 XE load-haul-dump (LHD) loader with battery-electric propulsion, producing zero-exhaust emissions.

· The Cat R2900 XE LHD with a high-efficiency switch reluctance electric drive system.

· The PGS 1260 HD Energy Storage System (ESS) module and the MEC500 for mobile equipment charging.

“Our exhibit reflects the breadth of the Caterpillar portfolio along with the deep expertise of our global team. From machines to power and energy solutions to the technologies that knit this all together, we are demonstrating our flexible, scalable, and holistic site solution capabilities,” said Denise Johnson, Caterpillar Group President for Resource Industries.

Another key focal point of the exhibit is “support beyond the sale.” Conversation stations allow team members to engage with customers on a range of topics including Job Site Solutions, Cat Financial services, repair options, parts and component remanufacturing, machine rebuilds, various truck body options, and bucket choices. Also, a range of 3D printed parts will be on display along with multiple engine exhibits and virtual reality experiences letting attendees “get in the cab” of some of the largest equipment in the world.

MINExpo 2024 runs from Sept. 24-26. For more information about how Caterpillar and its customers are mining better together, visit www.cat.com/mining.

About Caterpillar
With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

Following an investment of up to €230 million, Siemens Mobility is opening its Train Manufacturing Facility as a key part of its new Goole Rail Village in the United Kingdom, on a site which spans 67 acres, the size of 35 football pitches. London Underground’s new Piccadilly line trains will be assembled at the factory in Goole before they start entering passenger service from 2025, helping Transport for London (TfL) transform rail travel across the UK’s capital. Overall, Siemens Mobility’s investment in the region will create up to 700 new jobs and an additional 1,700 supply chain opportunities by 2030. This investment will strengthen local production to serve global markets.

Alongside the opening, Siemens Mobility announced an additional investment of up to €50 million in a state-of-the-art new facility in Goole to assemble and overhaul bogies for trains. The new Bogie Assembly and Service Center will incorporate and expand Siemens Mobility’s current capabilities to overhaul bogies from UK trains, including the 3,224 strong fleet of vehicles (572 trains) it maintains in the UK, and will also include new production lines for assembling bogies for new trains, a first for Siemens in the UK. This new investment will secure around 100 existing jobs and create up to a further 200. It is due to be operational towards the end of 2026.

Commenting on the investment, UK Transport Secretary Louise Haigh said: “This impressive, world-class facility will be transformational to Goole and its people, providing a boost to the region’s economy and supporting hundreds of skilled jobs. Its opening demonstrates the importance of high quality, long-term investment to pave the way for employment and growth. I know how vital rail manufacturing is to our economy, which is why we will not sit on our hands when it comes to supporting it. For too long, the cycle of boom-and-bust has held back this sector. That’s why I am determined to put an end to the stop-start approach to investment and provide the industry with the certainty it needs to deliver a railway that is fit for the future.”

Mayor of London Sadiq Khan said: “This train manufacturing facility in Goole is a fantastic example of the expertise we don’t have and how investment in London benefits the whole country. This factory, where the new state-of-the-art Piccadilly line trains will be built, will create up to 900 direct jobs and support another 1,700 in the supply chain, delivering great benefits to the wider UK economy, showing that where London succeeds, the whole country succeeds and vice versa. I’m excited to continue working together with the new Government to build a better, fairer and more prosperous London, and country, for everyone.”

“We are celebrating the opening our Rail Village in Goole, East Yorkshire, where we are investing up to €277 million in building a state-of-the-art manufacturing facility for the Piccadilly line as well as for future UK train fleets and a host of other facilities. This great moment builds upon our significant investments in a modern signalling manufacturing facility in Chippenham, further solidifying our long-term commitment to the advancement of the UK’s rail industry,” said Karl Blaim, Managing Director and Chief Financial Officer of Siemens Mobility. “Siemens Mobility has a proud history of over 180 years in the United Kingdom and has been transforming rail, travel, and transport in Britain. We have delivered every fourth passenger train in the UK, are pioneers in digital signaling technology and provide leading service solutions. Our dedicated team of 5,500 UK employees is committed to delivering top-quality transportation solutions, from Britain, for Britain.”

Andy Lord, London’s Transport Commissioner, said: “The opening of the Siemens Mobility factory in Goole marks a new stage in this transformational project. The new Piccadilly line trains that are being assembled in Goole will change the experience of millions of Tube customers every year, helping to drive growth and revitalise communities not only in the capital but across the country thanks to the supply chain. We are working with Siemens Mobility, the Mayor of London and the Government to ensure that the benefits felt from this project will continue through funding for new Bakerloo line trains to replace the existing fleet, which at more than 50 years old is the oldest operating in daily passenger service anywhere in the UK. We look forward to welcoming the first new Piccadilly line test train to London later this year and for customers to start using them when they come into service from next year.”
The Goole Train Manufacturing Facility, with its cutting-edge technology, highly skilled workforce, and strategic location, is set to become a cornerstone of the British and global rail industry. It will bolster the UK’s rail manufacturing capabilities.

The Goole Rail Village consists of the Train Manufacturing Facility which assembles and commissions trains, the Components Facility where Siemens maintains gearboxes, traction motors and other parts for train and tram fleets, the Logistics Center warehousing facility and the Rail Accelerator and Innovation Solutions hub for Enterprise (RaisE) business center, all of which will now be joined by the Bogie Assembly and Service Center.

IRVING, Texas, – Today, Caterpillar Inc. (NYSE: CAT) unveiled an innovative OEM-designed solution to help solve one of the most complex aspects of the mining industry’s energy transition – energy management.

Cat® Dynamic Energy Transfer (DET) is a fully Caterpillar-developed system that can transfer energy to both diesel-electric and battery-electric large mining trucks while they are working around a mine site. It can also charge a machine’s batteries while operating with increased speed on grade, improving operational efficiency and machine uptime. The innovative Cat DET system provides the industry with options to support both near-term and long-term sustainability strategies.

“We believe Cat DET provides a technological leap for the mining industry. Our team of innovators designed this system to provide immediate benefit to miners who want to lower their operating costs and greenhouse gas emissions today while also creating flexibility for the future,” said Denise Johnson, Caterpillar’s Resource Industries group president. “We know customers need choices to fit their unique site objectives. We are proud to deliver an innovative, integrated solution that can support their needs of today and those of the future.”

Enabling Enhanced Flexibility Through Innovative Design
Cat DET is comprised of a series of integrated elements, including a power module that converts energy from a mine site’s power source, an electrified rail system to transmit the energy and a machine system to transfer the energy to the truck’s powertrain.

The rail system is a highly deployable, mobile solution that can be customized to customers’ specific site layouts, including high-speed and curved haul roads, enabling higher productivity. The connecting arm can be installed on either side of a truck and on multiple truck models, providing options to fit customers’ specific operations. It can also be used on mature or developing sites, and it can be easily moved or expanded to allow maximum mine site coverage.

Cat DET will integrate with the Cat MineStar™ Command for hauling solution, merging autonomy and electrification technologies to provide a holistic site solution.

Caterpillar Senior Vice President Marc Cameron explained, “We believe mine sites will benefit from enhanced efficiency with the integration of electrification and automation. When combined, these technologies will help miners achieve production targets while simultaneously managing energy demands.”

The Cat DET system will be on display as part of Caterpillar’s MINExpo 2024 exhibit, located in Central Hall booth #6333 at the Las Vegas Convention Center, Sept. 24-26.

About Caterpillar
With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html. 

July 24, 2024 | by Dianna Delling
If every one of the world’s approximately 8 billion people were to complete 60 calculations per minute — arithmetic problems, for example — and continue nonstop, it would take them four years to accomplish what Frontier can do in just one second. Operating since May 2022 at the U.S. Department of Energy’s Oak Ridge National Laboratory in Oak Ridge, Tennessee, the world’s fastest supercomputer can perform more than a quintillion (10 to the 18th power) calculations per second, making it the world’s first exascale machine. It’s billions upon billions of times quicker than the human mind, giving it the power to synthesize and analyze incredibly large quantities of data.

All this makes Frontier an invaluable tool for scientists investigating the most complex questions of our time. And it has been a game changer for GE Aerospace engineers racing to develop the revolutionary Open Fan engine architecture that promises to redefine the future of air travel.

“It has been an exciting experience running these simulations on the world’s fastest supercomputer. This offers a unique view of the detailed turbulence physics of Open Fan as we enable more sustainable aviation for the future,” said Stephan Priebe, a senior engineer specializing in aerodynamics and computational fluid dynamics at the GE Aerospace Research Center in Niskayuna, New York.

Since 2023, when GE Aerospace became the first industrial user granted access to Frontier, they’ve been using it to model engine performance and noise levels. In the process, they’re gaining insights that extend beyond the project at hand.

“Frontier is allowing us to go beyond standard engineering analysis and to do things that were impossible before this machine,” says Trevor Wood, senior principal engineer at the GE Aerospace Research Center. An expert in aerodynamics and aeroacoustics, Wood lends his technical chops to the team designing, running, and analyzing computer simulations on Frontier.

The super-capable computer allows Wood and his colleagues to simulate the full-scale Open Fan engine at actual flight conditions whereas smaller computers can handle only a reduced, scaled-down version. Frontier’s capabilities also allow GE Aerospace engineers to visualize the way air flows around components at a microscopic level. These studies help accurately predict how fan blades will perform in nearly any possible real-life situation, yielding information it would otherwise take scientists years to gather.

“It’s providing us with insights even before we build components and test them on a test stand,” says Eric Falk, executive leader of aerodynamics technology and design at GE Aerospace in Evendale, Ohio. “And harder to put your thumb on is all the intellectual discovery we’re doing in the meantime. The answers we’re getting in these simulations are helping us learn things about aerodynamic behaviors from a deep physics perspective. It’s changing the way we design and changing the way we work.”

Seeing Through the Chaos

GE Aerospace’s Frontier-based projects support the CFM RISE (Revolutionary Innovation for Sustainable Engines) program, unveiled by GE Aerospace and Safran Aircraft Engines in 2021. The RISE program aims to develop technologies that will help enable a future aircraft engine to achieve at least 20% lower fuel consumption and 20% fewer CO2 emissions than today’s most efficient commercial engines.

“When it comes to sustainability, the industry has aggressive goals, including an ambition to achieve net zero by 2050,” says Wood. While the team is testing a variety of RISE program components on Frontier, “we’re running [many] simulations on the fan blade because it’s such a huge driver of net efficiency.”

Simulations pave the way for creating blades that optimize aerodynamic efficiency by reducing sources of energy loss. And they help the GE Aerospace team explore one of the most constantly challenging areas of science: the complex, chaotic flow of air known as turbulence.

Large-scale turbulence creates a bumpiness familiar to anyone who’s flown in a plane. But turbulent air currents are also present at the microscopic level, imperceptible to humans but causing friction, drag, and other issues that affect engine performance and efficiency. Unfortunately, the behavior of turbulent air is notoriously difficult to predict.

“You can’t see turbulence, but simulations can help us visualize it, so we can better understand it,” says Wood.

The level of detail Frontier provides is hard to fathom. “We are simulating air flow while moving forward in time in fractions of a second, getting a read on what the flow field looks like at a scale orders of magnitude less than the width of a human hair off the wall [of the fan blade],” explains Sriram Shankaran, consulting engineer for aerodynamic methods at GE Aerospace. “Turbulence is the last unsolved problem in classical physics. We’re not trying to solve it in a universal way; we’re instead finding ways to compute our way to the solutions we need.”

The Future and Frontier

GE Aerospace’s Frontier simulations have already garnered attention from tech industry insiders. HPCwire, the leading authority in high-performance computing news, commended GE Aerospace in 2023, presenting the company with a Reader’s Choice Award for Best Use of High-Performance Computing (HPC) in Industry and an Editor’s Choice Award for Top Supercomputing Achievement.

Meanwhile, the potential for future Frontier collaborations is growing, with GE Aerospace and Oak Ridge National Laboratory announcing a new Cooperative Research and Development Agreement on supercomputing at the 2024 Farnborough International Airshow this week. GE Aerospace engineers and researchers will continue to use Frontier to study Open Fan engine architecture, and future studies are likely to include climate modeling. “We want to work with Oak Ridge to see how to further accelerate carbon neutrality by understanding how contrails evolve,” says Shankaran.

The organizations will also deepen their relationship with a project that examines how simulations are conducted, looking for ways to improve simulation monitoring and data analysis. “We are taking it to the next level, leveraging the deep expertise the Oak Ridge team has developed to make our processes more efficient from a software perspective,” says Umesh Paliath, technology manager for aerodynamics and computational fluid dynamics at GE Aerospace Research. “How can we get the most out of the data once a simulation is done, and while it’s running?”

Paliath oversees the company’s partnership with Oak Ridge, and he leads the team that develops GE Aerospace’s in-house software so it can be used to run simulations on Frontier. Part of his job is keeping up with supercomputing’s evolving capabilities, ensuring that GE Aerospace is always ready to take full advantage of them.

“Advancements in computing architecture are enabling significantly faster and larger simulations of the most challenging problems in science,” says Paliath. “What takes a month to do today will only take a day, and it will happen incredibly soon.”

IRVING, Texas, June 12, 2024 – The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to raise the quarterly dividend by eleven cents, an 8% increase, to one dollar and forty-one cents ($1.41) per share of common stock, payable August 20, 2024, to shareholders of record at the close of business on July 22, 2024. The Board of Directors also added $20 billion to its current share repurchase authorization, which was launched in 2022 with no expiration date. With the new authorization, Caterpillar Inc. may repurchase up to approximately $21.8 billion of its common stock. Caterpillar expects to continue to return substantially all Machinery, Energy & Transportation (ME&T) free cash flow to shareholders over time through dividends and share repurchases.

“We continue to generate robust ME&T free cash flow through the execution of our enterprise strategy for long-term profitable growth,” said Caterpillar Chairman and CEO Jim Umpleby. “Our strong financial performance supports increasing our quarterly dividend and share repurchase authorization, which aligns with our commitment to return substantially all ME&T free cash flow to shareholders over time.”

Caterpillar has paid a cash dividend every year since the company was formed and has paid a quarterly dividend since 1933. Caterpillar has paid higher annual dividends to shareholders for 30 consecutive years and is recognized as a member of the S&P 500 Dividend Aristocrats Index.

About Caterpillar
With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

IRVING, Texas, – Caterpillar Inc. (NYSE: CAT) announced the formation of a new educational program designed to support mining, quarry and aggregate industry customers on their energy transition journeys. The Pathways to Sustainability program is a four-year, multi-pronged experience that provides participants with holistic learning opportunities, energy transition project advisement and additional benefits related to sustainable product access.

The emphasis of the program is on understanding each participating company’s sustainability objectives and providing participants with information and tools that will help them understand where they are on their own unique journeys and where energy transition strategies may need to be customized to support individual actions. The program includes in-person and virtual training opportunities centered on six strategic areas impacted by the energy transition – strategy, people, product, process, technology and infrastructure. In alignment with Caterpillar’s 2030 Sustainability Goals, the program will explore opportunities to make an impact toward customers’ site emissions reduction objectives through multiple avenues, including the use of technology, reducing machine lifecycle waste, fleet-bridging strategies and solutions that can be applied today to improve efficiency.

The Pathways to Sustainability program is the next phase of Caterpillar’s sustainability offerings, building off of the company’s Early Learner program which was established in 2021. The Early Learner program includes electrification agreements with a select group of customers across the globe who are working with Caterpillar to test and validate the company’s new battery electric machines, and charging and infrastructure solutions.

Caterpillar Senior Vice President Marc Cameron explains, “To make a step-change, it will take the industry coming together. That is what our Early Learner program and now the Pathways to Sustainability program are all about – learning and working together toward a brighter future. We are proud to support our customers every step of the way as they design their own unique paths and goals, now and through the energy transition.”

About Caterpillar
With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

IRVING, Texas – The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted
today to raise the quarterly dividend by eleven cents, an 8% increase, to one dollar and forty-one
cents ($1.41) per share of common stock, payable August 20, 2024, to shareholders of record
at the close of business on July 22, 2024. The Board of Directors also added $20 billion to its
current share repurchase authorization, which was launched in 2022 with no expiration date.
With the new authorization, Caterpillar Inc. may repurchase up to approximately $21.8 billion of
its common stock. Caterpillar expects to continue to return substantially all Machinery, Energy
& Transportation (ME&T) free cash flow to shareholders over time through dividends and share
repurchases.

“We continue to generate robust ME&T free cash flow through the execution of our enterprise
strategy for long-term profitable growth,” said Caterpillar Chairman and CEO Jim Umpleby.
“Our strong financial performance supports increasing our quarterly dividend and share
repurchase authorization, which aligns with our commitment to return substantially all ME&T
free cash flow to shareholders over time.”
Caterpillar has paid a cash dividend every year since the company was formed and has paid a
quarterly dividend since 1933. Caterpillar has paid higher annual dividends to shareholders for
30 consecutive years and is recognized as a member of the S&P 500 Dividend Aristocrats Index.
NEWS

# # #

About Caterpillar
With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading
manufacturer of construction and mining equipment, off-highway diesel and natural gas engines,
industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping
customers build a better, more sustainable world and are committed and contributing to a
reduced-carbon future. Our innovative products and services, backed by our global dealer
network, provide exceptional value that helps customers succeed. Caterpillar does business on
every continent, principally operating through three primary segments – Construction Industries,
Resource Industries and Energy & Transportation – and providing financing and related services
through our Financial Products segment. Visit us at caterpillar.com or join the conversation on
our social media channels at caterpillar.com/en/news/social-media.html.

MILWAUKEE — Johnson Controls (NYSE: JCI), a global leader for smart, healthy and sustainable buildings, today announced it has reached a definitive agreement to sell its Air Distribution Technologies business to Truelink Capital, a middle-market private equity firm based in Los Angeles.

“The sale of our Air Distribution Technologies business is the next step as we continue to simplify our portfolio and advance our transformation into a comprehensive solutions provider for commercial buildings,” said Johnson Controls Chairman and CEO George Oliver. “This transaction is consistent with our strategy to focus our resources on our most attractive opportunities for value creation. I would like to thank our talented Air Distribution Technologies employees for their hard work and dedication over the years. We are confident the business and the team will be well positioned for future success under Truelink’s ownership.”

Included in the sale are market-leading air distribution and movement brands Koch Filter, Titus, Ruskin, Krueger, PennBarry and Tuttle & Bailey and their product lines of grilles, registers and diffusers, terminal units, fire and smoke dampers, louvers, filters and fans. Air Distribution Technologies products are manufactured in the United States, Mexico, India, Thailand and the United Arab Emirates in facilities that will transfer to Truelink as part of the transaction. The Johnson Controls and Enviro-Tec brands are not included in the transaction.

“Air Distribution Technologies has been a leading player in the commercial HVAC space for over 75 years, and has consistently delivered innovative, high-quality products to its customers, demonstrating a strong track record of excellence,” said Truelink’s Co-Founder and Managing Partner Todd Golditch. “Our objective will be to expand the business through partnership with management in driving substantial commercial and operational improvements to strengthen Air Distribution Technology’s market-leading position and better serve their customers. I wish to thank Johnson Controls for being a great transaction partner and for entrusting Truelink Capital with the Air Distribution Technologies business.”

The transaction is expected to close the second half of the calendar year 2024, subject to customary closing conditions. Baird served as exclusive financial advisor and Cleary Gottlieb Steen & Hamilton LLP served as legal advisor to Johnson Controls on the transaction.

About Johnson Controls:
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.

Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.

Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.

Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social platforms.

About Truelink Capital:
Truelink Capital is a middle-market private equity firm based in Los Angeles. Truelink pairs deep industry experience in the technology-enabled services and industrials sectors with a commitment to building partnerships that drive long-term value through an operationally focused strategy. Truelink partners with management, corporate sellers, and founders to accelerate growth through the execution of strategic initiatives, and transformative add-on acquisitions.

ST. LOUIS (June 12, 2024) – Global technology and software company Emerson (NYSE: EMR) released its 2023 Sustainability Report today, highlighting the company’s efforts to make the world healthier, safer, smarter and more sustainable.

“Sustainability is at the core of Emerson’s mission and culture, guiding our innovation, operational execution and business strategies,” said Emerson Chief Sustainability Officer Mike Train. “As a global automation leader, our innovative solutions are designed to enhance sustainability performance, not only within our operations but also for our customers globally. As we move forward, we remain committed to deploying impactful technologies that advance both our net zero ambitions and those of our customers, fostering a more sustainable future for all.”

The report presents Emerson’s commitment and approach to the company’s environmental, social and governance (ESG) strategies and how they are connected to driving long-term value creation. Notable progress highlights include:

Reduced Scope 1 and 2 greenhouse gas emissions intensity by 52% since 2021 and procured 49% of the electricity used by Emerson locations from renewable sources.

Surpassed the energy intensity reduction target ahead of 2030, with a 41% reduction since 2018, exceeding the 25% reduction target.

Earned the 2023 ENERGY STAR® Partner of the Year for energy management as the company drives measurable progress toward its net zero emissions targets.

Maintained an A- score from the Carbon Disclosure Project (CDP) and was included in the CDP’s Supplier Engagement Leaderboard for the second consecutive year.

Increased representation in leadership for women globally and US minorities by two and four percentage points, respectively.

Named a 2023 “World’s Top Employers for Women” by Forbes.

To view the full report, please visit Emerson.com/ESG.

About Emerson 
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world’s essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com. 

MOLINE, Illinois (June 3, 2024) – A groundbreaking partnership between the John Deere Foundation, the University of Iowa (UI), and the Davenport Community School District (DCSD) will soon increase access to higher education for Iowa high school students.

The John Deere Foundation will give $6.6 million over six years to create the John Deere Scholars Program, a program based on financial need that will help Davenport Community High School students get ready for college at Iowa.

“We believe education is the foundation for success,” said Mara Downing, president of the John Deere Foundation. “By investing in our community, John Deere is also investing in opportunities for the leaders of tomorrow. We are excited to begin the John Deere Scholars Program and watch these future leaders achieve their dreams.”

The program will start this fall with college readiness courses for seniors from low- to middle-income families at Davenport Central, North, West, and Mid City high schools. UI will appoint a local program director to work with school counselors to teach the courses, provide training to improve leadership skills, and assist students with the financial aid and admissions process.

Then, starting in spring 2025, the program will give 20 scholarships per year for three years (60 in total), paying 90% of the total cost to attend Iowa. The remaining 10% will be paid by other funding sources, such as work-study. The first 20 scholarships will be given in spring 2025 for students who will start at Iowa that fall. Any student participating in college readiness courses through the program will be able to apply for a scholarship.

“John Deere is leading by example, showcasing how a large company can partner with a university and a public school district to address workforce needs,” said Barbara J. Wilson, president of the University of Iowa. “This is a game-changer not only for the students who will receive the education and leadership experiences they need to succeed in a global society, but also for how we develop pipeline programs in the future.”

“This partnership will provide a tremendous opportunity for our students,” said TJ Schneckloth, superintendent of the Davenport Community School District. “Our district is committed to preparing our students for their post-secondary education. The John Deere Scholars Program offers a generation changing opportunity for our students to receive the college education they might never have thought was possible.”

In addition to receiving academic, financial, and social support, scholarship recipients also will take part in specialized leadership training. This includes mentorship programs, field experience, and networking in the student’s field of study.

About Deere & Company
Deere & Company (www.JohnDeere.com) is a global leader in the delivery of agricultural, turf, construction, and forestry equipment. We help our customers push the boundaries of what’s possible in ways that are more productive and sustainable to help life leap forward. Our technology-enabled products including John Deere Autonomous 8R Tractor, See & Spray™, and E-Power Backhoe are just some of the ways we help meet the world’s increasing need for food, shelter, and infrastructure. Deere & Company also provides financial services through John Deere Financial.

For more information on Deere & Company, visit us at www.deere.com/en/news/.

Contact:
Jen Hartmann
Director, Public Relations
PublicRelations@JohnDeere.com

Whirlpool Corporation’s renewable energy strategy for North American operations was recognized by the U.S. Environmental Protection Agency (EPA) by including the company on three of the EPA’s Green Power Leadership lists. The company is No. 60 on the EPA’s National Top 100 List of the largest green power users from the Green Power Partnership (GPP), No. 14 on the Top 30 On-site Generation list and No. 34 on EPA’s list of Green Power Partners from the Fortune 500®. Whirlpool Corp. is currently purchasing more than 301 million kilowatt-hours (kWh) of energy from renewable sources annually, which represents 86 percent of its operations’ total power needs and is equivalent to the annual electricity use of nearly 28,000 average American homes.

Whirlpool Corporation’s goal is to use onsite renewable power where possible for manufacturing sites – primarily wind and solar energy. Secondary to that, the company has invested in two virtual power purchasing agreements (VPPAs), Limestone Wind in Dawson, Texas, with 53MW of clean energy produced from 88 turbines and Mesquite Sky in Callahan County, Texas. When fully operational, the VPPAs are expected to generate sufficient renewable energy to cover 100% of Whirlpool Corporation’s U.S. sites’ electrical consumption.

“Adding clean, renewable energy to the electrical grid while helping to reduce the company’s carbon footprint is an important part of our ongoing sustainability initiatives and will help us meet our Net Zero by 2030 goal for our operations,” said Beat Stocker, senior director of global sustainability at Whirlpool Corp. “We are proud to be recognized by the U.S. Environmental Protection Agency for being a leader in the green power market.”

Adding clean, renewable energy to the electrical grid while helping to reduce the company’s carbon footprint is an important part of our ongoing sustainability initiatives and will help us meet our Net Zero by 2030 goal for our operations,”
By moving the needle in the voluntary green power market, Whirlpool and other Green Power Partners are helping to reduce the negative health impacts of air emissions including those related to ozone, fine particles, acid rain, and regional haze.

“Onsite renewable energy at our manufacturing facilities comes with its own challenges, but it’s key to our strategy because it contributes to global decarbonization efforts while also reducing demand on local and national electricity grids,” said Scot Blommel, senior manager of global sustainability and net zero program lead for Whirlpool Corporation.

“This list of the largest users of green power across the nation is proof that good business practices can also benefit the environment,” said James Critchfield, Program Manager of EPA’s Green Power Partnership. “EPA applauds the leading organizations in the Green Power Partnership’s Top Partner Rankings for their notable commitment to expanding their use of green power and protecting the environment.”

Supported by their focus on green power, in 2023 Whirlpool Corp. saw a ~25% reduction in scopes 1 and 2 market-based emissions year-over-year for the last two years. In addition, they achieved ~7% reduction in Scope 3, category 11 emissions from products in use. Learn more about Whirlpool Corporation’s ongoing environmental sustainability efforts in their 2023 Sustainability Report.

About EPA’s Green Power Partnership
The Green Power Partnership is a voluntary program that helps increase green power use among U.S. organizations to advance the American market for green power and development of those sources as a way to reduce air pollution and other environmental impacts associated with electricity use. In 2022, the Partnership had nearly 700 Partners voluntarily using nearly 95 billion kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500® companies; small and medium sized businesses; local, state, and federal governments; and colleges and universities. For additional information, please visit www.epa.gov/greenpower.

IRVING, Texas – Caterpillar Inc. (NYSE: CAT) today announced a $90 million investment to prepare its facilities in Schertz and Seguin, Texas, to produce the all-new Cat® C13D industrial engine. The investment will create 25 jobs at Schertz starting in 2026.

“We appreciate the support from the local community as we prepare our Seguin and Schertz facilities to produce the C13D engine,” said Mark Stratton, vice president and general manager of Caterpillar’s Industrial Power Systems – Large Engines. “The Caterpillar team in Texas will produce the quality parts and engines we need for our customers as we help them build a better, more sustainable world.”

The C13D is a new 13-liter diesel engine platform designed to achieve best-in-class power, density and fuel efficiency. The engine optimizes the performance of heavy-duty off-highway applications such as material handling, construction, mining, and aircraft ground support.

The investment includes new equipment installations at both facilities, $70 million in Schertz to make C13D engine components and $20 million in Seguin to assemble the engines. The new equipment installations will not impact current operations, which include manufacturing Cat® and Perkins engines and generator sets. C13D engine production is slated to start in 2026.

About Caterpillar
With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

Winston-Salem, N.C – Reynolds American Inc. (Reynolds), the BAT Group’s U.S. subsidiary, is pleased to announce that SEAL Awards has named Reynolds as a recipient of the 2024 SEAL Business Sustainability Awards in the Environmental Initiative Award category for the Reynolds WaterHubSM project under construction by a Reynolds subsidiary at the expansive Reynolds Operations Center in Tobaccoville, N.C. The SEAL Business Sustainability Awards honor leadership, innovation, and commitment to sustainable business practices.

The Environmental Initiative Award evaluated applicants on impact metrics, innovation and uniqueness of the initiative, sharing of insights and best practices, and investment of organizational leadership capital. Reynolds’ award-winning initiative, the WaterHub, is an advanced water recycling facility and product of a subsidiary of NextEra Energy Resources, LLC, and one of few water recycling projects of its scale. Once construction is complete, the WaterHub is expected to reclaim more than 60 million gallons of water per year, equivalent to the annual water supply of approximately 550 average U.S. households.

“We are proud of all the efforts being made across the Reynolds American organization to preserve and make efficient use of the precious natural resources we rely on to run our business,” said Bernd Meyer, Executive Vice President, Operations, within the Reynolds American organization. “This SEAL recognition is a testament to our sustainability progress and the expected positive impact of the WaterHub, our advanced water recycling facility at our largest manufacturing facility, in collaboration with NextEra Energy Resources.”

Reynolds and its operating companies are playing a part in the BAT Group’s progress against its goal of 35% less water withdrawn across global operations. At the Reynolds Operations Center, Reynolds expects to reduce water withdrawn by over 40%, which in turn would reduce the water withdrawn across the BAT Group’s global operations by 6%.

“Absolute, material impact is a critical factor in the SEAL Business Sustainability Award evaluation process. The Reynolds American organization demonstrated strong water stewardship through its innovative WaterHub project, which is expected to reclaim over 60 million gallons of water annually, leading to their 2024 award selection,” commented Matt Harney, Founder of SEAL Awards.

This SEAL recognition complements Reynolds’ efforts to manage water sustainably across the manufacturing facilities of its operating companies. 100% of operations sites within the Reynolds organization, including the Reynolds Operations Center in Tobaccoville, have earned Alliance for Water Stewardship (AWS) Certification.

For more information on Reynolds’ water stewardship efforts and commitment to sustainability, visit ReynoldsAmerican.com. To learn more about NextEra Energy Resources’ WaterHub installation, visit nexteradistributedwater.com.

About Reynolds American Inc. Reynolds American Inc. is a wholly owned subsidiary of the global BAT Group and the U.S. parent company of R.J. Reynolds Tobacco Company, Santa Fe Natural Tobacco Company, Inc., American Snuff Company, LLC, R.J. Reynolds Vapor Company, and Modoral Brands Inc. To learn more about Reynolds American Inc. and its operating companies, please visit www.reynoldsamerican.com.

Media Contact: mediaoffice@rjrt.com

Bydgoszcz, Poland (May 14, 2024) — Collins Aerospace, an RTX (NYSE: RTX) business, has delivered the first networked communications airborne radio to a European nation. The Polish Ministry of Defense will equip its C-130H Hercules fleet with Collins’ TruNet™ AR-1500 new software-defined radio.

TruNet™ AR-1500 is the international variant of Collins’ U.S. ARC-210 radio providing the same frequency range and performance as the ARC-210 Gen6, with a selection of waveforms and expanded capabilities including L-Band and Link-22 data links for the direct commercial sale market. It’s designed with the latest software defined radio tenets and architectures enabling proven, fully secure communication across the battlespace with the ability to be easily upgraded as needs and mission change.

“Modernizing Poland’s fleet of Hercules with the AR-1500 will enable the Air Force to communicate securely using the latest NATO standards during future allied missions,” said Ryan Bunge, vice president and general manager, Communication and Networking Solutions for Collins Aerospace. “The AR-1500 is the only software defined radio that offers L-Band capability on the market today. It provides expanded operations capabilities and delivers the latest in encryption and anti-jam technologies, ensuring customers’ mission success now and as requirements advance in the future.”

Collins has been the market leader in airborne military communications for more than 25 years. The company delivers advanced and reliable communication technology, so customers have intelligent, cross-domain connectivity for their most important missions.

About Collins Aerospace
Collins Aerospace, an RTX business, is a leader in integrated and intelligent solutions for the global aerospace and defense industry. Our 80,000 employees are dedicated to delivering future-focused technologies to advance sustainable and connected aviation, passenger safety and comfort, mission success, space exploration, and more.

About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact corporatepr@rtx.com.

GREENVILLE, S.C. – Duke Energy Progress is seeking to reduce customer bills to account for the cost of fuel used to generate electricity for South Carolina homes and businesses. If approved by the Public Service Commission of South Carolina (PSCSC), the average monthly residential bill would decrease by 4.1% beginning Aug. 1.

The total monthly impact of these rate changes for a residential customer using 1,000 kilowatt-hours (kWh) per month would be a decrease of $6.23, from $151.74 to $145.51.

If approved by the PSCSC, rates for commercial customers would decrease approximately 4.9% and rates for industrial customers would decrease approximately 4.4%. The specific impact to individual customers will vary according to many factors including electric usage and customer profile dynamics.

The PSCSC will consider the rates in a public evidentiary hearing where it will also hear the results of an extensive audit and inquiries of the parties involved in the case to ensure an accurate adjustment is made to billed rates.

Duke Energy Progress serves about 175,000 households and businesses in northeastern South Carolina, including Florence, Sumter and Darlington counties. The company’s other South Carolina utility – Duke Energy Carolinas – will make its annual fuel filing in July.

Why bills will decrease
Duke Energy Progress makes a fuel cost-recovery filing annually in South Carolina. The fuel rate is based on the projected cost of fuel used to provide electric service to the company’s customers, plus a true-up of the prior year’s projection compared to actual costs incurred. The PSCSC reviews fuel costs and adjusts the fuel component of customer rates accordingly.

Each year, this true-up proceeding is intended to resolve the difference between projected fuel costs and what is actually billed to the customer.

The decrease for customer bills in this year’s request is primarily driven by the decreased cost of natural gas year over year, plus a reduced true-up component since the previous fuel cost-recovery filing.

Duke Energy Progress makes no profit from the fuel component of rates – actual costs are passed through directly to customers.

Helping customers save
Customers struggling to pay their energy bills might qualify for assistance from various government and nonprofit programs for utility bills and other household expenses, or from the Share the Light Fund, a Duke Energy program that provides energy assistance. Duke Energy also offers programs and resources to help customers, as well as flexible payment arrangements to help customers experiencing uncertainty keep their accounts in good standing.

To help all customers take control of their energy use, Duke Energy offers energy-saving tips and innovative efficiency programs for every budget. For example, the Home Energy House Call is a free in-home energy assessment that provides customers more information about how they use energy and strategies to save money on their monthly bill. To learn more about these programs, visit duke-energy.com/savings.

Duke Energy Progress
Duke Energy Progress, a subsidiary of Duke Energy, owns 13,800 megawatts of energy capacity, supplying electricity to 1.7 million residential, commercial and industrial customers across a 28,000-square-mile service area in North Carolina and South Carolina.

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas unit serves 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious clean energy transition, keeping reliability, affordability and accessibility at the forefront as the company works toward net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. The company is investing in major electric grid upgrades and cleaner generation, including expanded energy storage, renewables, natural gas and advanced nuclear.

NEW YORK – GE Aerospace (NYSE: GE) has announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off. GE Aerospace now trades on the New York Stock Exchange (NYSE) under the ticker “GE”.

GE Aerospace Chairman and CEO H. Lawrence Culp Jr., said, “With the successful launch of three independent, public companies now complete – today marks a historic final step in the multi-year transformation of GE. I am tremendously proud of our team, their resilience, and their dedication to achieving this defining moment.”

Culp continued, “Building on a century of learning and carrying forth GE’s legacy of innovation, GE Aerospace moves forward with a strong balance sheet and greater focus to invent the future of flight, lift people up, and bring them home safely. With FLIGHT DECK, our proprietary lean operating model, as our foundation, I am confident we will realize our full potential in service of our customers, employees, and shareholders.”

With an installed base of approximately 44,000 commercial engines and approximately 26,000 military and defense engines around the world, GE Aerospace launches as an established global leader in propulsion, services, and systems. The company generated approximately $32 billion in adjusted revenue* in 2023, with 70% generated by services and the strong economics of the engine aftermarket.

At the company’s Investor Day in March, GE Aerospace reaffirmed its 2024 guidance and presented a longer-term financial outlook, including expecting to achieve ~$10 billion of operating profit* in 2028. Additionally, GE Aerospace shared a capital allocation framework to invest in growth and innovation, while also returning approximately 70-75% of available funds to shareholders.

The launch of GE Aerospace represents the completion of GE’s multi-year financial and operational transformation. Over the last several years GE has taken steps to significantly strengthen the business, including more than $100 billion in debt reduction since 2018. Simultaneously, the company-wide implementation and adoption of lean and a relentless pursuit of continuous improvement in service of the customer, enabled a deep and sustainable shift in culture. This stronger foundation enabled the successful creation of three independent companies – GE HealthCare, GE Vernova, and GE Aerospace – each of which are now well-positioned to build upon GE’s history of innovation.

Holders of GE common stock were entitled to receive one share of GE Vernova common stock for every four shares of GE common stock held. For United States federal income tax purposes, the distribution has been conducted in a tax-efficient manner for GE shareholders in the United States.

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel. Evercore, Morgan Stanley, and PJT Partners were the lead financial advisors on the transaction. The company also received legal advice from DLA Piper and Gibson, Dunn & Crutcher LLP and financial advice from Citibank, The Consello Group, BNP Paribas, and UBS.

Non-GAAP Financial Measures
In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in our earnings releases and the appendix of the GE Aerospace 2024 Investor Day investor presentation, as applicable.

About GE Aerospace
GE Aerospace (NYSE: GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com

At Caterpillar, we’ve been developing advanced systems internally for decades. More than thirty years ago, we ran the first two prototype Cat® 777C autonomous mining trucks at a Texas limestone quarry using advanced algorithms, showing autonomous operations could improve safety and productivity.

And we’ve led the industry in autonomous fleet solutions since.

AI at Caterpillar.
Like most manufacturers, Caterpillar’s advanced computer programs and cloud computing allow our engineers to complete work in a fraction of the time it used to take. But we don’t stop there. Given our technology leadership, it’s not surprising that Caterpillar is actively pursuing AI to improve business outcomes for Caterpillar and our customers. Caterpillar Chief Technology Officer and Senior Vice President Otto Breitschwerdt shares, “Incorporating AI into our product development process continues our tradition of harnessing technology and innovation as demonstrated by our extensive patent portfolio.”

driverless mining truck
Machine Learning and Beyond.
Chief Digital Officer and Cat Digital Senior Vice President Ogi Redzic explains, “AI is technology that can learn, adapt, and make decisions by processing and learning from data, simulating human cognitive functions like reasoning and problem-solving. AI includes several subfields such as machine learning, deep learning, and generative AI (GenAI) – which grabs the most attention.”

Machine learning can be defined as the ability of computers to learn from experience and make decisions or predictions based on the data alone. A good example of using machine learning at Caterpillar is the area of Condition Monitoring – a suite of technologies Cat dealers use to detect and identify issues and recommend service or maintenance based on data from the machine itself.

Generative AI.
GenAI is artificial intelligence capable of creating new content, text, images, or video. It’s a step forward in manufacturing, allowing computers to complete time-consuming and repetitious tasks. For instance, Caterpillar developers use GenAI to query massive amounts of proprietary information and get practical answers without doing a deep search or spending hours reading thousands of pages of material.

Beyond our own operations, Caterpillar uses digital technologies to develop customer solutions. For example, Caterpillar’s Condition Monitoring Advisors (CMAs) monitor the state of Cat-connected assets in the field by analyzing incoming data. In the past, our CMAs had to extract data from multiple systems, perform an analysis and make a customer recommendation. Using Gen AI, the CMAs are now presented with a concise report containing data that has been automatically prepared and summarized with a recommendation already created. The CMA can then review the report and approve or edit the recommendation. There’s still a human in the loop, but the time required to prepare data and create a recommendation is significantly reduced.

underground mine longwall
New Opportunities.
Caterpillar Chief Information Officer and IT Senior Vice President Jamie Engstrom sees a wealth of new opportunities as the company adopts AI tools.

“AI will revolutionize the way we interact with machines and design interfaces between systems. It’s fascinating and changing at a very rapid rate,” Jamie says. “We’ll continue to see the industry mature, and the accuracy of technologies like Large Language Models (LLMs) will improve.”

Jamie and her team are working hard to enable a safe environment where the business can innovate and thrive. They have developed an Intelligent Automation Center of Excellence and a GenAI community of practice where employees participate in AI use cases and stay abreast of the company’s latest GenAI news.

The Future.
At Caterpillar, we’re more excited than ever about the future. Our leaders are committed to investing in AI and other technologies to maintain our industry leadership, and we have some of the best and brightest minds working on products and solutions focused on digital innovation.

One thing is certain: we’re using AI and other technologies to transform customer experiences in ways we couldn’t have imagined a few short years ago. Together with our customers, we’re building a better, more sustainable world.