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WillScot Introduces Innovative Power Solution – Solar Power by WillScot
Globenewswire· 2025-06-04 14:00
Core Insights - WillScot Holdings Corporation has launched "Solar Power by WillScot," a proprietary solar energy solution designed to provide clean and reliable power for its temporary space solutions [1][2] - This innovative power solution is fully integrated with WillScot's modular space offerings, allowing for flexible energy sourcing and cost reduction compared to traditional power generation methods [2][3] Company Overview - WillScot is a leading provider of innovative temporary space solutions in North America, offering a wide range of products including modular offices, mobile classrooms, and portable storage containers [4] - The company operates approximately 260 branch locations across the United States, Canada, and Mexico, serving diverse customer segments across various sectors of the economy [4] Product Features - Solar Power by WillScot can function as a standalone energy source or in conjunction with generators and the grid, providing scalable and sustainable power solutions [2] - The solution aims to reduce emissions, lower operating costs, and enhance efficiency for customers, supported by WillScot's local service network [3]
Shell Approves Final Investment Decision for Aphrodite Field
ZACKS· 2025-06-04 12:01
Shell plc (SHEL) , a London-based integrated oil and gas company, has officially sanctioned the final investment decision for its Aphrodite gas project, located offshore Trinidad and Tobago. This is a significant step in the multinational energy producer's strategy to secure long-term supply for its regional liquefied natural gas ("LNG") operations. The move signals renewed confidence in the country's gas-producing potential and aligns with Shell's global ambition to expand its integrated gas business. Key ...
Amalgamated Bank Joins Nearly $1 Billion Aggregate Financing with Greenbacker's 674 MW Cider Solar Farm, Powering New York's Largest Solar Project to Date
Globenewswire· 2025-06-04 11:30
NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), today announced the successful closing of a $15 million commitment as part of a nearly $1 billion aggregate financing to support the construction and operation of Greenbacker Renewable Energy Company LLC’s (“Greenbacker”) utility-scale 674 MWdc (megawatts of direct current) “Cider” solar farm, the largest solar project in New York State. Cider is located on approximately 2,500 acres in G ...
Constellation Energy and Meta Strike Nuclear Deal, Shares Whipsaw
MarketBeat· 2025-06-04 11:20
Constellation Energy Today CEG Constellation Energy $313.03 -0.40 (-0.13%) 52-Week Range $155.60 ▼ $352.00 Dividend Yield 0.50% P/E Ratio 26.33 Meta and Constellation have announced the signing of a 20-year power purchase agreement (PPA), which covers over 1.1 gigawatts (GW) of nuclear energy. The agreement would allow Constellation's Clinton Clean Energy Center to continue operating. The company slated the plant to close in mid-2027, when Illinois' Future Energy Jobs Act was set to end its financial suppor ...
Meta signs 20-year nuclear power deal as tech giants continue AI-driven energy push
New York Post· 2025-06-03 18:53
Meta signed a 20-year deal with a nuclear plant in Illinois, becoming the latest tech giant to partner with the industry to power an expansion into artificial intelligence.Starting in June 2027, Meta will fund approximately 1.1 gigawatts of energy from Constellation Energy’s Clinton Clean Energy Center in Clinton, Ill., which is the entire output from the site’s sole reactor. Just one gigawatt is enough to power nearly 1 million homes. 3 Meta on Tuesday announced it has signed a 20-year deal with a Conste ...
GEV's Turbines to Power Saudi Gas Plant: How to Play the Stock
ZACKS· 2025-06-03 16:20
Core Insights - GE Vernova Inc. (GEV) has secured an order to supply five advanced 7H-Class gas turbines for Saudi Arabia's 3 GW Qurayyah Independent Power Plant Expansion Project, reinforcing its long-standing relationship with the Kingdom's energy sector [1][2] - The deal aligns with Saudi Arabia's goal of generating 50% of its electricity from gas by 2030, showcasing GEV's technological advantage in energy transition and potential for recurring revenues from infrastructure projects [2] Company Performance - GEV's stock has increased by 47.5% year-to-date, outperforming the Zacks Alternative-Energy industry's growth of 16.7% and the broader Zacks Oils-Energy sector's decline of 4.4%, as well as the S&P 500's rise of 0.1% [4][9] - The company's gas turbine orders rose by 11.8% in Q1 2025, with heavy gas turbine orders surging by 81.3%, indicating strong demand in its gas power business [11] Growth Prospects - GEV is benefiting from a growing demand for low-emission equipment, with equipment revenues climbing 16% year-over-year in Q1 2025, supported by an expected global electricity consumption growth of 3.9% in 2025 [12] - The Zacks Consensus Estimate for GEV's long-term earnings growth rate is projected at 18%, with sales estimates for 2025 and 2026 indicating improvements of 6.4% and 10% year-over-year, respectively [13][14] Recent Developments - GEV has initiated a $20 million investment plan to develop next-generation repair technologies for its HA gas turbines, supported by Singapore's EDB [7] - The company has also secured contracts for wind projects and a major contract with Oglethorpe Power in the U.S. for high-efficiency gas turbines, highlighting its expanding global presence [10] Valuation - GEV's forward 12-month price-to-earnings (P/E) ratio stands at 52.88X, significantly higher than its peer group's average of 15.93X, indicating a premium valuation [18][19]
Meta signs 20-year nuclear power deal with Constellation
Fox Business· 2025-06-03 14:26
Meta Platforms has entered a deal to purchase nuclear power from Constellation Energy Corporation’s Clinton Clean Energy Center in Illinois. Constellation announced the deal with the tech giant on Tuesday, saying it "supports the relicensing and continued operations" of the nuclear power plant and Meta’s clean energy goals. The power purchase agreement starts in 2027 and will span 20 years. NUCLEAR ENERGY UNDERGOING REVIVAL IN UNITED STATES Constellation said the deal will allow its Clinton Clean Energy C ...
SolarBank Announces Bitcoin Treasury Strategy
Prnewswire· 2025-06-03 13:51
Core Viewpoint - SolarBank Corporation is adopting a treasury strategy that integrates Bitcoin as a strategic reserve asset, inspired by successful models from other companies, aiming to leverage the growing adoption of Bitcoin while maintaining its primary focus on renewable energy development [1][2]. Company Strategy - The company has filed an application with Coinbase Prime for secure custody and management of its Bitcoin holdings, which is expected to provide financial resilience against currency debasement and inflation [1][3]. - SolarBank's primary business remains as a renewable energy developer and power producer, with a significant pipeline of over 1 GW in development across North America [2]. Financial Partnerships and Projects - SolarBank has established a $100 million community solar financing partnership with CIM Group, targeting 97 MW of renewable power projects in the USA [4]. - The company has also engaged in a $49.5 million transaction with Qcells to deploy community solar power plants using "Made-in-USA" solar panels [4]. - Additionally, a $41 million clean energy partnership with Honeywell aims to repurpose closed landfill sites for community solar farms [4]. - A $25 million credit facility from Royal Bank of Canada is intended to support SolarBank's battery energy storage system (BESS) project portfolio [4]. Market Position and Growth - SolarBank is positioned as a first-mover in blending clean energy with decentralized finance (DeFi) and Web3, appealing to tech-savvy investors and capitalizing on the growth of the renewable energy sector [4]. - The company generates recurring revenue through long-term Power Purchase Agreements (PPAs) with utilities and partners, enhancing its financial stability [2].
Lightbridge Expects to Benefit from Advanced Expedited Testing Method in its Planned Irradiation Testing in the Advanced Test Reactor
GlobeNewswire News Room· 2025-06-03 12:00
Core Insights - Lightbridge Corporation is set to benefit from a new testing method called Fission Accelerated Steady-state Test (FAST) developed by Idaho National Laboratory, which will expedite the irradiation testing of advanced nuclear fuel samples [1][3] Group 1: Testing Method and Benefits - The FAST method utilizes increased enrichment levels to accelerate the irradiation testing process in the Advanced Test Reactor (ATR) [1][2] - Lightbridge's planned irradiation testing program aims to generate critical performance data for its advanced fuel, which is essential for regulatory licensing with the U.S. Nuclear Regulatory Commission (NRC) [3] - The company anticipates that the data obtained will facilitate expedited licensing under the ADVANCE Act and assist utilities in analyzing Lightbridge Fuel for commercial nuclear power plants [3] Group 2: Collaboration and Support - Lightbridge expresses gratitude to the U.S. Department of Energy (DOE) for providing Highly Enriched Uranium (HEU) and enabling the testing of fuel material samples using the FAST method [4] - The work is conducted under a Cooperative Research and Development Agreement (CRADA) between Lightbridge and Idaho National Laboratory, highlighting the importance of public-private partnerships in advancing clean energy technologies [4] Group 3: Company Overview - Lightbridge Corporation focuses on developing advanced nuclear fuel technology aimed at delivering zero-emission, clean energy and enhancing energy security globally [6] - The company is developing Lightbridge Fuel™, a next-generation nuclear fuel technology that improves reactor safety, economics, and proliferation resistance [6] - Lightbridge has entered into long-term agreements with Battelle Energy Alliance, the contractor for Idaho National Laboratory, and has received support from the DOE's Gateway for Accelerated Innovation in Nuclear program [7]
Meta signs nuclear power deal with Constellation Energy
CNBC· 2025-06-03 10:31
Meta has signed a 20-year agreement to buy nuclear power from Constellation Energy, continuing the wave of tech giants teaming up with the industry in order to meet the growing power needs of data centers.Beginning in June 2027, Meta will buy roughly 1.1 gigawatts of energy from Constellation's Clinton Clean Energy Center in Illinois, which is the entire output from the site's one nuclear reactor. The companies said the long-term agreement will support the continuing operation of the plant, as well as its r ...