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FuelCell Energy and Inuverse Sign MOU for Data Center Development in Korea, Signaling Growth in Hyperscale and AI Markets
Globenewswire· 2025-07-10 11:30
Core Insights - FuelCell Energy, Inc. and Inuverse have signed a Memorandum of Understanding (MOU) to explore deploying up to 100 megawatts (MW) of fuel cell-based power at the AI Daegu Data Center, aiming to make it Korea's largest data center starting in 2027 [1][5] Company Overview - FuelCell Energy specializes in high-efficiency fuel cell platforms that provide clean, reliable energy solutions, helping data centers meet energy and climate goals without operational disruptions [3][7] - The company operates the largest single-site fuel cell park in Korea, with a capacity of 58 MW, showcasing the reliability and commercial readiness of its technology [5] Technological Capabilities - The AI DDC will utilize advanced cooling technologies, including absorption chilling powered by thermal energy from FuelCell Energy's systems, which are designed to reduce operational costs and enhance performance [2][4] - FuelCell Energy's systems are capable of rapid deployment, providing modular, phased, onsite power in months, which is essential for meeting the energy demands of AI and cloud computing [4] Strategic Collaboration - The partnership with Inuverse is expected to expand FuelCell Energy's presence in Asia and demonstrate its ability to support decarbonization and reduce particulate emissions in the digital economy [5][6] - Inuverse aims to address the increasing data processing demands of the AI era while achieving renewable energy and ESG objectives through this collaboration [6][9]
Algoma Steel Announces First Arc and First Steel Production from its New Electric Arc Furnace Unit One
Globenewswire· 2025-07-10 11:30
SAULT STE. MARIE, Ontario, July 10, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that it has achieved its first steel production at Unit One of its new, state-of-the-art electric arc furnace (“EAF”) project. The milestone follows over ten days of successful electric arc testing and tuning, including individual and tandem tests of all nine Q-One transfo ...
HyOrc, Expands European Green Methanol Strategy with New Porto Deal
Globenewswire· 2025-07-08 14:04
HOUSTON, July 08, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTC: ASPZ), a developer of patented hydrogen combustion and waste-to-fuel technologies, today announced it has signed a Memorandum of Understanding (MOU) with Start Lda, a Portugal-based liquid and gaseous fuels trading company, to develop a 25,000 ton per annum green methanol production facility in Porto, with conservative projected lifetime revenues of $390m from the facility. This agreement builds on HyOrc’s previously announced MOU with Acete ...
IEA国际能源署:2025年加强摩尔多瓦的热泵:路线图(英文版)
Sou Hu Cai Jing· 2025-07-08 04:50
今天分享的是:IEA国际能源署:2025年加强摩尔多瓦的热泵:路线图(英文版) 报告共计:54页 国际能源署(IEA)发布的《摩尔多瓦热泵推广路线图》指出,热泵技术对摩尔多瓦能源转型具有重要意义。该国建筑能耗占最 终能源消耗的一半以上,其中四分之三用于空间和热水供暖,且80%以上的一次能源依赖进口,缺乏本土烃类资源,能源安全 面临挑战。 热泵技术能加速建筑供暖转型,配合近年来太阳能和风能装机容量的扩大,可减少温室气体排放和本地空气污染。2024年摩尔 多瓦通过全民公投支持加入欧盟,而能源脱碳是入盟的前提,热泵在此过程中可发挥核心作用。 不过,热泵推广面临多重障碍:技术和安装前期成本高、行业经验有限;公众认知和需求低,受成本和维护顾虑影响;建筑能 效低,可能削弱热泵效益并加重电网负担;农村依赖低成本生物质供暖,存在健康和环境风险;能源贫困问题突出,城乡供暖 需求差异大;电力基础设施薄弱;缺乏训练有素的安装和维护技术人员。 路线图提出分阶段策略,需多部门协作。2025年起,能源部需制定国家供暖制冷战略、明确热泵在可再生能源目标中的作用、 要求地方供暖计划、更新《可再生能源法》,并制定长期建筑翻新战略,使国家能源绩 ...
Weekly report share buyback from June 30 to July 4, 2025
Globenewswire· 2025-07-07 15:30
In accordance with the regulations relating to share buybacks, Technip Energies (PARIS:TE) declares the following purchases of its own shares from June 30, 2025, to July 4, 2025. These transactions were carried out as part of the buyback program with a discretionary mandate carried out by an investment services provider making decisions relating to the acquisition of Technip Energies shares independently. Name of the Issuer Identity code of the Issuer Day of the transaction Identity code of the financ ...
California Resources Corporation Schedules Second Quarter 2025 Earnings Conference Call
Globenewswire· 2025-07-07 13:00
LONG BEACH, Calif., July 07, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) plans to release its second quarter 2025 financial results on Tuesday, August 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, August 6th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10200260/ff49e72f54. Callers who pre-r ...
Petrobras Bets Big on Rio's Refining Commitment With Major Projects
ZACKS· 2025-07-04 13:41
Investment Overview - Petrobras is investing R$33 billion ($6 billion) to enhance Brazil's downstream sector, focusing on refining, petrochemicals, and renewable fuels in Rio de Janeiro [1][11][14] - The investment aims to increase domestic fuel supply, support energy transition goals, and stimulate industrial synergy across the value chain [1] Key Projects - The Boaventura Energy Complex and Duque de Caxias Refinery (Reduc) represent a combined investment of R$26 billion, enhancing S-10 diesel output by 76,000 barrels per day (bpd) and increasing jet fuel production by 20,000 bpd [2][11] - Boaventura will feature a biojet fuel facility producing 19,000 bpd of sustainable fuels, alongside two gas-fired thermoelectric plants [3][11] Sustainability Initiatives - Reduc is exploring a lubricant oil re-refining unit with a capacity of 30,000 m (6,300 bpd) to align with circular economy practices [4] - A pilot project blending 1.2% corn oil into jet fuel has been completed, paving the way for 10,000 bpd commercial-scale production of renewable diesel [5] Infrastructure Modernization - Petrobras plans to invest R$860 million in modernizing on-site power infrastructure and R$2.4 billion on maintenance shutdowns from 2025 to 2029 [6] Petrochemical Expansion - Studies are underway for local production of acetic acid and monoethylene glycol at Boaventura, reducing Brazil's reliance on imports [7] - Braskem, a Petrobras affiliate, is expected to invest R$4 billion to expand its polyethylene plant, adding 230,000 tons per year of production capacity [8][11] Gas Supply Strategy - Petrobras is focusing on boosting domestic gas availability by reactivating shut-in gas wells and integrating with Argentina and Bolivia to lower prices and meet rising demand [12] Future Investments - Beyond Rio de Janeiro, Petrobras plans to invest R$8 billion in a second refining train at RNEST in Pernambuco and R$6 billion to resume fertilizer production [13]
SCC(SCCO) - 2024 Q4 - Earnings Call Presentation
2025-07-04 11:53
F E B R U A R Y 2 0 2 5 4Q24 RESULTS Disclaimer The material in this presentation has been prepared Southern Copper Corporation (SCC) and is general background information about SCC's activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including financial forecasts, should not be considered as advice or a recommendation to investors or prospective investors in relation to holding, purchasing ...
SCC(SCCO) - 2024 Q3 - Earnings Call Presentation
2025-07-04 11:49
Financial Performance - Net sales increased by 17% from $2506 million in 3Q23 to $2931 million in 3Q24[22] - EBITDA increased by 31% from $1291 million in 3Q23 to $1685 million in 3Q24[22] - Net income increased by 45% from $620 million in 3Q23 to $897 million in 3Q24[22] - Cash cost decreased by 22% from $098 in 3Q23 to $076 in 3Q24[22] Production - Copper production increased by 4% from 242474 tons in 3Q23 to 252219 tons in 3Q24[19] - Molybdenum production increased by 6% from 6859 tons in 3Q23 to 7271 tons in 3Q24[20] - Silver production increased by 91% from 16281 MM Ounces in 3Q23 to 31078 MM Ounces in 3Q24[20] - Zinc production increased by 21% from 44 tons in 3Q23 to 53 tons in 3Q24[20] Capital Investments - The company has board-approved projects that will add +156k tons of copper production[31] - Other projects are planned to add +545k tons of copper production[31] ESG Initiatives - The company delivered a Center for Research to the Universidad Nacional de San Agustín de Arequipa (UNSA), Peru, at a cost of $18 million[33] - Dr Vagón provided more than 6000 free medical services to 2050 people in Cananea in September 2024[36]
Acceleware Announces Non-Brokered Private Placement of Units and Shares for Debt Transactions
Globenewswire· 2025-07-01 01:17
Core Points - Acceleware Ltd. announced a non-brokered private placement of units at a price of $0.10 per unit, aiming to raise gross proceeds of up to $1,500,000 [1][4] - Each unit will consist of one common share and one common share purchase warrant, with the warrant allowing the purchase of a common share at $0.20 for 24 months [2] - The company plans to use the proceeds from the private placement and shares for debt transactions to fund its RF XL 2.0 redeployment plan and advance commercialization of new RF heating applications [4] Private Placement Details - The private placement will consist of units priced at $0.10 each, with a maximum gross amount of $1,500,000 [1] - Each unit includes one common share and one warrant, which can be exercised at $0.20 for 24 months [2] - If the common shares trade at or above $0.30 for 30 consecutive trading days, the company may accelerate the expiry of the warrants [2] Shares for Debt Transactions - Acceleware intends to settle up to $300,000 in trade payables and interest on convertible debentures through shares for debt transactions [3] - The units issued in these transactions will be at the same terms as the private placement, at a deemed price of $0.10 per unit [3] Closing and Regulatory Approvals - The expected closing date for the private placement and shares for debt transactions is around July 22, 2025 [4] - Completion is subject to regulatory approvals, including from the TSX Venture Exchange [5] Insider Participation - Certain insiders are expected to participate in the private placement and shares for debt transactions, qualifying it as a related party transaction [6] - The company will rely on exemptions from formal valuation and minority approval requirements based on the fair market value not exceeding 25% of its market capitalization [6] Company Overview - Acceleware is an advanced electromagnetic heating company focused on RF power-to-heat solutions for industrial applications [7] - The company aims to electrify and decarbonize industrial process heat applications while reducing costs [7] - Acceleware is developing technologies for amine regeneration and has partnered with potash industry leaders to decarbonize drying processes [8]