Polaris Solar Park will power more than 23,000 homes with clean, renewable energy and deliver millions in tax revenuesDETROIT, June 11, 2025 /PRNewswire/ -- DTE Energy (NYSE: DTE), Michigan's largest producer of and investor in renewable energy, announced at a ribbon-cutting ceremony today that it has completed construction on its Polaris Solar Park. Located in Washington and North Star Townships in Gratiot County, the 100-megawatt solar park will generate enough clean energy to power more than 23,000 homes ...

Core Insights - Noble Mineral Exploration Inc. announced the initial mineral resource estimate for the Mann West Nickel Sulphide Project, a joint venture with Canada Nickel Company, located in the Timmins area of Northern Ontario [1][2][4] Company Overview - Noble holds a 20% interest in East Timmins Nickel Ltd., which owns the Mann West project, while Canada Nickel holds the remaining 80% [2][3] - Noble Mineral Exploration has extensive mineral rights in Northern Ontario and other regions, focusing on nickel, cobalt, and base metals [29][30] Project Details - The Mann West project is located 21 kilometers east of Canada Nickel's Crawford Nickel Sulphide Project and has a geophysical target area of 3.4 square kilometers, more than double that of Crawford [3][4] - The initial mineral resource estimate includes 406 million tonnes of indicated resources grading 0.23% nickel and 599 million tonnes of inferred resources grading 0.22% nickel, totaling 0.95 million tonnes and 1.31 million tonnes of contained nickel, respectively [5][8] - An exploration target of an additional 0.5 to 1.0 billion tonnes grading between 0.20% and 0.22% nickel is anticipated, pending further drilling [5][8] Resource Estimates - The Mann West project has a significant PGM zone with indicated resources of 7.0 million tonnes grading 0.422 g/t palladium and platinum, and inferred resources of 7.7 million tonnes grading 0.411 g/t [5][8] - The resource dimensions are approximately 1.9 kilometers long, 800 meters wide, and extend to 500 meters deep, remaining open to the northwest and at depth [5][8] Future Plans - Canada Nickel plans to announce additional mineral resources, with expectations for eight new resources by the end of 2025, including two more this month [4][8] - Noble aims to increase and upgrade inferred resources through ongoing drilling campaigns and mineralogical analysis [28]

Financial Data and Key Metrics Changes - The company reported free cash of $317 million as of March 31, 2025, an increase from the previous quarter [10] - Cash flow from operations more than doubled from $24 million to $50.3 million quarter over quarter [10] - The reported adjusted EBITDA for the quarter was $36.6 million, with total cash interest expense down sequentially to $6.7 million [16] Business Line Data and Key Metrics Changes - The Helios Pool earned a TCE per day of $29,800 for its spot and COA voyage, reflecting a challenging LPG product environment [13] - Dorian's reported TCE revenue per available day was about $35,300, slightly lower than the prior quarter [14] - Daily operating expenses for the quarter were $11,000, excluding dry docking expenses, which was an increase from the prior quarter [15] Market Data and Key Metrics Changes - U.S. LPG production hit a quarterly record of 5 million tons, despite a drop in exports from 5.6 million tons in January to 4.9 million in February [28] - The quarterly exports were the highest on record for Q1, marking the third highest overall per quarter [28] - Freight rates experienced significant volatility, with earnings on modern non-scrubber vessels dropping from high $40,000s to low $20,000s before rebounding to mid to high $40,000s by the end of the quarter [25] Company Strategy and Development Direction - The company is focused on energy efficiency and sustainability, with plans to convert some VLGCs to carry ammonia [8][40] - The board is balancing shareholder distributions, debt reduction, and fleet investment while monitoring market conditions [19] - The company anticipates a favorable supply-demand balance due to limited newbuilding deliveries and strong production [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of LPG demand, driven by growing consumption in Asia and infrastructure expansions in the U.S. [8] - The recent tariff announcements and trade dynamics have created a complex operating environment, but the company remains optimistic about market recovery [18][35] - The board considers current earnings, cash forecasts, and future investment needs when determining dividend levels [18] Other Important Information - The company declared an irregular dividend of $0.50 per share, reflecting a commitment to returning capital to shareholders [6][11] - The company has returned approximately $875 million in cash through dividends and repurchases since its IPO [11] - The company plans to drydock eight vessels in the current fiscal year, budgeting approximately $12 million for this purpose [17] Q&A Session Summary Question: What is driving the recent strength in the VLGC market? - Management noted that trade flows have shifted due to tariffs, with cargoes moving from the U.S. to India and Southeast Asia, contributing to ton miles and maintaining demand [46][48] Question: Have there been any noticeable changes in inquiries or fixtures from Chinese buyers? - Management indicated that while there has been a shift in trade routes, there hasn't been a significant increase in inquiries from Chinese buyers, as many are content with current arrangements [52][54] Question: Is there a possibility of a higher dividend given the recent rate improvements? - Management stated that the board made the dividend decision based on the best available information at the time, and future evaluations will consider the improved rate outlook [56][57]

Financial Data and Key Metrics Changes - Southern Company reported strong financial results for FY 2024, with significant investments in infrastructure and a commitment to delivering clean, safe, reliable, and affordable energy [44][45] - The company approved an 8¢ per share increase in its annual common stock dividend, marking the 78th consecutive year of dividend payments equal to or greater than the previous year [53] Business Line Data and Key Metrics Changes - The regulated electric utilities invested nearly $4 billion in transmission and distribution infrastructure across Alabama, Georgia, and Mississippi [46] - Southern Power expanded its operational footprint to 15 states with the commercial operation of its 30th solar site [46] Market Data and Key Metrics Changes - The economic development pipeline from large electricity load customers represents over 50 gigawatts of potential incremental load by the mid-2030s, driven by robust economic development in the Southeastern service territory [47] - Average annual sales growth is projected at approximately 8% from 2025 through 2029, an increase of 2% from prior long-term sales growth expectations [48] Company Strategy and Development Direction - Southern Company is focused on sustainability and innovation, exploring solutions such as carbon capture, advanced nuclear technologies, renewable natural gas, and energy storage [49] - The company aims to enhance its grid resilience and efficiency through investments in advanced technologies and distributed energy resources [75][76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet future energy demands while maintaining affordability for customers [49][81] - The company is prepared for challenges posed by climate-related events and is committed to improving customer experience through energy efficiency programs [70][72] Other Important Information - Southern Company faced significant challenges during FY 2024, including responding to Hurricane Helene, which required rebuilding sections of the power grid [51] - The company emphasized its commitment to transparency and sound governance in response to shareholder proposals regarding fossil fuel investments and civil liberties [22][34] Q&A Session Summary Question: How are members of the board of directors selected for nomination? - Stockholders may nominate a person for election as a director if they own at least 3% of outstanding shares for three years [56] Question: Why do we give shares to executives and directors? - The compensation structure aligns executive interests with stockholders, and equity compensation has a minimal dilutive effect [58][59] Question: Will Southern Company include scope three emissions in its decarbonization goals? - Southern Company does not have direct control over scope three emissions but is working on reducing them through various initiatives [60][62] Question: How is Southern Company addressing data center demand for additional power generation? - The company projects 8% annual load growth and has commitments for over 10 gigawatts from data centers and industrial projects [64][66] Question: What is the company's approach to energy efficiency for older houses? - Southern Company emphasizes energy efficiency programs to help customers reduce their energy bills and improve system efficiency [70][72] Question: What is the outlook for distributed energy resources and grid enhancements? - The company is investing in advanced grid technologies and has a robust portfolio of customer programs to improve system efficiency [75][76] Question: What potential impacts might be from tariffs? - Southern Company does not expect a material impact from tariffs due to its strong vendor relationships and existing project contingencies [78]

v e r s i o n l a u n c h OECD Economic Surveys: Finland 2025 May 2025 Volume 2025/11 OECD Economic Surveys: Finland 2025 Volume 2025/11 May 2025 OECD Economic Surveys: Finland 2025 v e r s i o n l a u n c h This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. The statistical data for Israel are supplied by and under th ...

DETROIT, May 20, 2025 (GLOBE NEWSWIRE) -- DT Midstream, Inc. (NYSE: DTM) announced that it has achieved an investment grade rating with two agencies: With investment grade ratings from these two credit agencies, DTM expects an improvement in liquidity and reduced interest expense. "Achievement of an investment grade credit rating was a strategic goal we had since we became a standalone public company," said David Slater, President and CEO. "The ratings upgrades are a recognition of the strength of our balan ...

MONTREAL, May 16, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company developing next-generation processes for advanced material manufacturing, announces that on May 15, 2025, the TSX Venture Exchange issued Bulletin V2025-1424, confirming that trading in the Company’s securities will be reinstated at market open on Tuesday, May 20, 2025. Timeline of the events. On April 30th, 2025, HPQ issued a press release stating that its new audi ...

Industry Overview - Nuclear energy is increasingly recognized as a vital solution for meeting the world's growing electricity demands and supporting the transition to cleaner power sources, providing a constant and reliable supply of clean energy [1][2] - The demand for clean electricity is driven by industrial expansion, urbanization, rising global temperatures, the development of AI-powered data centers, and the adoption of electric vehicles [4] Investment Potential - Nuclear energy-related stocks, such as Duke Energy Corporation, Dominion Energy, and Constellation Energy Corporation, are becoming attractive investment options due to their ability to deliver steady output compared to other clean energy sources [2][6] - The International Energy Agency (IEA) projects that annual investment in nuclear energy will exceed $150 billion by 2030, up from $65 billion, with installed nuclear capacity potentially exceeding 1,000 gigawatts by 2050 [3] Company Insights Duke Energy - Duke Energy operates 11 nuclear units capable of producing nearly 10,700 megawatts of clean electricity, with nuclear power accounting for 27.5% of its total electricity output in 2024 [8] - The company plans to expand its nuclear capacity by nearly 250 megawatts by 2031 and has secured agreements to monetize over $500 million in nuclear production tax credits [9] - Duke Energy received approval to operate its Oconee Nuclear Station for another 20 years and is pursuing license renewals for all its reactors [10][11] Dominion Energy - Dominion Energy owns four nuclear power stations, generating nearly 40% of its total production, and is evaluating next-generation nuclear technologies, including small modular reactors (SMRs) [12][13] - The company aims to achieve net-zero carbon emissions by 2050, with nuclear power serving as a consistent, carbon-free solution [14] Constellation Energy - Constellation Energy is the largest nuclear power plant operator in the U.S., accounting for around 10% of the nation's total clean energy production [15] - The company has secured multiple uranium supply contracts extending through the 2030s to ensure long-term nuclear fuel security and is modernizing its nuclear plants to improve performance [16] - Constellation Energy is investing to expand its nuclear capacity and is evaluating the addition of up to one gigawatt of new carbon-free energy capacity over the next 10 years [17]

Financial Data and Key Metrics Changes - In 2024, the company achieved a return on average tangible common equity of 18.8% and diluted earnings per share of $7.95, with annual net revenues reaching a record $61.8 billion and net income of $13.4 billion [5][6] - The first quarter of 2025 produced a 23% return on average tangible common equity, with a capital increase of $2 billion and a 10% growth in equity capital base over the last five quarters [9][10] Business Line Data and Key Metrics Changes - The Wealth Management and Investment Management businesses held $7.9 trillion in client assets at the end of 2024, on track to exceed $10 trillion [7] - The integrated firm strategy focuses on delivering strong results across wealth management, investment management, and institutional securities [6][8] Market Data and Key Metrics Changes - The company capitalized on an improved capital markets backdrop in 2024, leading to strong results and durable earnings [8] - The outlook for the markets is anticipated to be less predictable in the short term, with adjustments expected due to trade policy and fiscal changes [9][10] Company Strategy and Development Direction - The company aims to capitalize on long-term growth drivers across wealth and investment management and its global investment bank [11] - A focus on a well-defined strategy, experienced management team, and a culture of rigor and partnership is emphasized for long-term success [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a period of adjustment ahead, with higher volatility and uncertainty in the markets, but emphasizes the value of the company's global reach and insights [10][11] - The company is committed to prudent long-term planning despite near-term uncertainties [12] Other Important Information - The board of directors recommended against a shareholder proposal for disclosure of an energy supply ratio, which received only 13% support [27] - The company continues to invest in diversity and inclusion as a critical component of its culture and success [29][30] Q&A Session Summary Question: Inquiry on Diversity and Inclusion Programs - The company highlighted its commitment to investing in talent and creating an inclusive workplace, which is essential for serving clients and delivering strong returns [29][30]

Material Produced in the Reactor and Collected in Product Recovery UnitMONTREAL, May 15, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company developing next-generation processes for advanced material manufacturing, would like to inform shareholders that HPQ Silica Polvere Inc. (“HSPI”) [1] proprietary Fumed Silica Reactor (FSR) Pilot Plant has reached a Significant Milestone during its 4th Phase-one batch test. HSPI’s technology suppl ...