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Econergy Drives UK Battery Storage Growth with £21M Santander Financing and EDF Partnership
Globenewswire· 2026-01-27 11:21
Core Insights - Econergy Renewable Energy Ltd. has achieved financial close on the Dalmarnock 40MW / 120MWh battery energy storage system project in Scotland, securing £21 million in project finance from Santander UK and establishing a long-term partnership with EDF for battery optimisation services [1][2]. Company Developments - The Dalmarnock project marks a significant milestone in Econergy's UK storage strategy, showcasing the company's transition from a developer to an operational independent power producer (IPP) [2][4]. - The project validates the bankability of Econergy's standalone storage portfolio and its capability to attract high-quality financing partners for long-term asset ownership [2]. Financial Structure and Revenue Model - The long-term optimisation agreement with EDF guarantees a minimum income level, enhancing revenue visibility and cash flow certainty while allowing Econergy to benefit from market volatility [3]. - This revenue structure combines downside protection with upside participation, aligning with Econergy's strategy to maximize risk-adjusted returns from operational storage assets [3]. Strategic Partnerships - The collaboration with Santander and EDF not only secures capital efficiency but also establishes a revenue structure that provides long-term visibility while maintaining exposure to the UK's energy transition [4]. - Santander UK has funded its first 3-hour duration asset through the Dalmarnock project, reinforcing Econergy's position in the energy storage sector [5]. Future Outlook - The financial close of the Dalmarnock project paves the way for the commercialization of Econergy's strategic UK pipeline, which includes 17 projects totaling nearly 3 GW [4]. - The project is seen as a key step in supporting the UK's clean energy transition and increasing the use of renewable energy [5].
McEwen Drilling Returns Significant Intersection at Gold Bar Mine Complex in Nevada: 5.55 gpt Gold over 44.2 Meters; Transformation into a Long-Life Mine Continues
Globenewswire· 2026-01-27 11:09
TORONTO, Jan. 27, 2026 (GLOBE NEWSWIRE) -- McEwen Inc. (NYSE/TSX: MUX) (“McEwen” or the “Company”) announces new drill results from the Gold Bar Mine Complex in the Eureka Mining District of Nevada, that continues to highlight the mine’s transformation into a potential long-life operation. Results include the best hole drilled by McEwen to date at Windfall, which returned 5.55 gpt gold over 44.2 meters. Windfall, Lookout Mountain and Unity Ridge are three deposits at the Gold Bar Mine Complex that McEwen is ...
Provident Financial Holdings Reports Second Quarter of Fiscal 2026 Results
Globenewswire· 2026-01-27 11:00
Net Income of $1.44 million in the December 2025 Quarter, Down 15% from the Sequential Quarter but Up 65% from the Comparable Quarter Last Year Net Interest Margin of 3.03% in the December 2025 Quarter, Up Three Basis Points from the Sequential Quarter and Up 12 Basis Points from the Comparable Quarter Last Year Loans Held for Investment of $1.04 Billion at December 31, 2025, Down 1% from $1.05 Billion at June 30, 2025 Total Deposits of $872.4 Million at December 31, 2025, Down 2% from $888.8 million at J ...
Greenwich LifeSciences Provides Update on FLAMINGO-01 Cash Burn Rate and Financing Strategy
Globenewswire· 2026-01-27 11:00
Core Viewpoint - Greenwich LifeSciences, Inc. is advancing its Phase III clinical trial, FLAMINGO-01, for GLSI-100, an immunotherapy aimed at preventing breast cancer recurrences, while also updating on its cash burn rate and financing strategy [1][2]. Financial Updates - The Company raised more than its 2025 cash burn rate of approximately $9.5 million through its ATM financing, resulting in a year-end cash balance of approximately $6 million as of December 31, 2025 [2]. - As of January 23, 2026, the cash balance increased to approximately $12.5 million after raising about $7 million in the first three weeks of January 2026 [2]. - The current cash balance may cover the Company's cash needs for all of 2026, considering the projected increase in cash needs over the previous years [3]. Clinical Trial Progress - FLAMINGO-01 has screened over 1,000 patients, with a current screening rate of approximately 600 patients per year [4]. - The non-HLA-A*02 arm is fully enrolled, with 250 patients receiving GLSI-100, which represents a significant increase in treated patients compared to the Phase IIb trial [4]. - Preliminary analysis indicates an approximately 80% reduction in recurrence rates after the Primary Immunization Series (PIS) is completed, aligning with Phase IIb trial results [7]. Immunotherapy Details - GLSI-100 is designed to elicit a potent immune response, with the PIS involving six injections over the first six months, followed by five booster injections every six months [4][13]. - The safety profile and immune response trends in non-HLA-A*02 patients are similar to those observed in HLA-A*02 patients from the FLAMINGO-01 trial and the Phase IIb study [7]. Future Financing Strategy - The Company plans to continue using the ATM to sustain or grow its cash balance, potentially reducing the need for large financing in the near term [3]. - Continued use of the ATM may facilitate access to non-dilutive funding options, such as strategic partnerships or debt financing, to support FLAMINGO-01 and future commercial activities [3].
First Atlantic Nickel Increases RPM Zone Strike Length 50% to Over 1.2 km and Width to Over 800 m from Phase 2x Drilling at Pipestone XL Magnetic Nickel-Cobalt Alloy Project
Globenewswire· 2026-01-27 11:00
GRAND FALLS-WINDSOR, Newfoundland and Labrador, Jan. 27, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce positive assays and Davis Tube Recovery ("DTR") metallurgical results from the final four drill holes (AN-25-11 to AN-25-14) of the RPM Zone Phase 2X drilling program at its Pipestone XL Nickel-Cobalt Alloy Project in central Newfoundland. Results have increased the RPM Zone strike length by 50% to great ...
Preliminary unaudited financial results for 2025
Globenewswire· 2026-01-27 10:26
Core Insights - Columbus A/S announced preliminary unaudited financial results for 2025, reporting revenue of DKK 1,576 million, a decline of 5% from DKK 1,659 million in 2024, and an EBITDA margin of 7.2%, down from 9.2% in 2024 [1][2][3] Financial Performance - Revenue for 2025 was DKK 1,576 million, which is approximately 5% lower than the previous year [1] - The EBITDA margin for 2025 was 7.2%, a decrease from 9.2% in 2024, and when adjusted for other operating income and expenses, the EBITDA margin was 7.4% in 2024 [2] Market Conditions - The decline in revenue was attributed to continued market caution, with customers adopting a conservative investment approach, leading to prolonged decision-making and hesitance regarding new IT projects [1][3] - In Q4 2025, Columbus secured new projects, indicating early signs of improving customer activity, but these did not fully compensate for postponed projects during the quarter [2] Long-term Financial Ambitions - Columbus maintains its long-term financial ambitions of achieving 10% revenue growth and an EBITDA margin of 15% as part of its New Heights strategy, although it now expects that these goals will not be met by the end of 2026 [3] - The timing of these ambitions is under review as part of the ongoing strategy process, but Columbus anticipates a return to revenue growth and improved EBITDA margin in 2026 [3] Future Guidance - Financial guidance for revenue and EBITDA margin for 2026 will be announced with the publication of the Annual Report on 12 March 2026 [4]
Schneider Electric to become the Official Energy Technology Partner of McLaren Racing
Globenewswire· 2026-01-27 09:30
Schneider Electric to become the Official Energy Technology Partner of McLaren Racing Schneider Electric to become the Official Energy Technology Partner of McLaren Racing LONDON, Jan. 27, 2026 (GLOBE NEWSWIRE) -- McLaren Racing and Schneider Electric, a global energy technology leader, today announced that Schneider Electric will become the Official Energy Technology Partner of McLaren Racing, including the McLaren Mastercard Formula 1 Team, the Arrow McLaren IndyCar Team, McLaren F1 Academy, as well a ...
Alma íbúðafélag hf.: Stækkun á skuldabréfaflokknum AL101028
Globenewswire· 2026-01-27 08:41
Alma íbúðafélag hf. hefur lokið við stækkun á skuldabréfaflokknum AL101028 sem gefinn er út undir útgáfuramma félagsins. Skuldabréfaflokkurinn AL101028 er óverðtryggður og ber fljótandi vexti tengdum 1 mánaða REIBOR vöxtum að viðbættu 1,30% vaxtaálagi. Lokagjalddagi flokksins er 10. október 2028. Skuldabréfaflokkurinn er veðtryggður samkvæmt almennu tryggingarfyrirkomulagi. Seld voru skuldabréf að nafnverði 1.500 m.kr. á pari. Arctica Finance hf. hafði umsjón með sölu skuldabréfanna og töku þeirra til viðsk ...
Fushi Tech Powers Shihlin Taiwan Street Snacks’ Digital Transformation with Integrated Mobile-First Ecosystem
Globenewswire· 2026-01-27 08:10
Core Insights - Fushi Tech has formed a strategic partnership with Shihlin Taiwan Street Snacks to create a fully integrated digital ecosystem for 43 outlets in Singapore and Malaysia, aiming to enhance customer experience and streamline operations [1][8] Group 1: Digital Integration - The partnership focuses on moving from fragmented point solutions to a unified platform that enhances operations and customer engagement [2][9] - Fushi Tech will implement a brand-native mobile application for iOS and Android, designed for scalability and a seamless user experience [3] - An integrated digital ordering system will be established, allowing for takeaway and dine-in options with real-time menu synchronization to improve operational efficiency [4] Group 2: Customer Engagement and Loyalty - A centralized AI-driven membership and loyalty program will be launched, covering 24 outlets in Singapore and 19 in Malaysia, aimed at increasing customer retention and spending through rewards and personalized promotions [5] - The partnership will utilize a data-driven CRM and insights engine to transform transaction data into actionable insights for targeted marketing campaigns [6] Group 3: Strategic Importance - The cohesive digital ecosystem will provide deeper insights into customer behavior and enable real-time operational visibility, facilitating smarter business decisions [7] - The collaboration signifies a shift in the F&B industry's digital strategy towards interconnected ecosystems, where data flows freely and customer journeys are cohesive [9][10] - Brands with strong digital operational capabilities are expected to capture greater market share, aligning with evolving consumer expectations for enhanced experiences [10]
The 11th Winter Fishing Season Opens at Wolong Lake in Shenyang
Globenewswire· 2026-01-27 08:04
Core Insights - The 11th Winter Fishing Season at Wolong Lake in Shenyang opened on January 24, 2026, attracting over 100,000 visitors for a cultural and tourism celebration that combines heritage, sports, and technology [1][2]. Group 1: Event Overview - The Winter Fishing Season is part of the "Winter Snow, Warm Sunshine - Meet in Shenyang" 2025-2026 Winter Tour Program, focusing on the "nabo" fishing and hunting culture from the Liao and Jin dynasties [2]. - The event features six key pillars, including intangible cultural heritage, ice-and-snow sports, and theatrical performances, creating unique cultural tourism experiences [2]. Group 2: Visitor Experience - Performers in Liao-dynasty costumes recreated ancient fishing traditions, while interactive installations encouraged visitor engagement with traditional culture [3]. - The event has integrated themes of "koi" and "horses" into visual designs and activities, creating a playful atmosphere throughout Kangping County [4]. Group 3: Activities and Attractions - A variety of ice-and-snow programs are available, including snowmobiles, ice sleds, and snow bicycles, which have become popular among visitors [4][5]. - The event features a lineup of sports competitions such as an ice lake crossing race, Northeast Asia International Ice Dragon Boat Race, and speed skating, aimed at balancing professionalism with entertainment [6]. Group 4: Culinary Offerings - Culinary attractions include the "So Many Fish" market and the second "Frying Festival," showcasing local specialties like Hanfu apples and organic selenium-rich fish, enhancing the overall visitor experience [7].