Energy transition
Search documents
Fusion Fuel Green PLC Signs Non-Binding Heads of Terms for Strategic UK Energy Distribution Acquisition
Globenewswire· 2025-05-27 15:00
Core Viewpoint - Fusion Fuel Green PLC has signed non-binding Heads of Terms to acquire 100% equity of a UK-based fuel distribution business, indicating a strategic move to enhance its energy solutions portfolio [1][3]. Financial Performance of Target - For the fiscal year ending April 30, 2024, Target generated revenues of approximately $50 million and net income of approximately $5 million [2]. - In the following fiscal year ending April 30, 2025, Target achieved revenues of approximately $58 million and net income of approximately $7 million, reflecting strong growth [2]. Acquisition Details - The total consideration for the acquisition is £50 million, comprising £40 million in debt-financed cash and £10 million in Fusion Fuel ordinary shares, subject to shareholder approval and securities registration [3]. - The Heads of Terms include equity value protection provisions, such as downside price protection for sellers, a buy-back option, and an upside cap provision [4]. Definitive Agreements - The definitive agreements are expected to include customary representations, warranties, and covenants, along with termination rights and potential termination fees [5]. - Entry into definitive agreements will depend on legal, tax, and accounting structuring advice, satisfactory completion of due diligence, and satisfaction of conditions outlined in the Heads of Terms [5]. Exclusivity and Confidentiality - The Heads of Terms contain binding exclusivity and confidentiality terms, preventing Target from soliciting or negotiating with other parties for 90 days from the signing [6]. Strategic Commentary - The CEO of Fusion Fuel highlighted that the acquisition of Target represents a significant step in the company's growth journey, complementing its existing Al Shola Gas brand and expanding service offerings [7].
Equinor: With One Foot In The Sea And Another Out Of The Shale
Seeking Alpha· 2025-05-23 17:10
Equinor (NYSE: EQNR ) is going through a moment of profound transformation. It is no longer content to be a traditional oil company: it wants to lead the energy transition, and it is making concrete decisions to do so.I am an individual investor with over five years of experience in personal investing, holding a PhD in Economics from UCEMA. My investment approach focuses on value companies with solid long-term potential. I share my knowledge with the community by offering analysis to support individual inve ...
Assystem: Combined General Meeting of 23 May 2025 - Voting results and dividend for financial year 2024
Globenewswire· 2025-05-23 16:00
Group 1 - The Combined General Meeting of Assystem S.A. was held on May 23, 2025, with a quorum of 85.417% and all resolutions approved except for the fourth resolution regarding a related-party agreement [2][6] - The General Meeting approved the parent company and consolidated financial statements for the year ended December 31, 2024, and decided on a dividend payment of €1.00 per share for the 2024 financial year [6] - The dividend payment schedule includes an ex-date of July 8, 2025, a record date of July 9, 2025, and a payment date of July 10, 2025 [6] Group 2 - Assystem is a leading independent nuclear engineering company with over 55 years of experience, focusing on accelerating the energy transition [3] - The company operates in 12 countries with 7,750 experts supporting the development of low carbon electricity and clean hydrogen [3] - Assystem is part of various indices including Euronext Tech Leaders, CAC Small, and MSCI Small cap Index France [4]
Ecopetrol S.A. signs an agreement to acquire a portfolio of up to 1,300 megawats of solar and wind energy projects in Colombia
Prnewswire· 2025-05-21 11:52
Core Viewpoint - Ecopetrol S.A. has entered into an asset purchase agreement with Statkraft for the potential acquisition of a renewable energy portfolio in Colombia, which includes solar and wind projects totaling up to 1.3 GW [1][3]. Group 1: Acquisition Details - The portfolio includes one company focused on solar and wind asset development, six special purpose entities with solar projects (614 MW), and three special purpose entities with wind projects (750 MW) [1][2]. - The acquisition is contingent upon fulfilling certain conditions and legal requirements [1]. Group 2: Strategic Importance - If completed, this acquisition would significantly advance Ecopetrol's decarbonization and energy transition goals, particularly the aim of achieving 900 MW of renewable self-generation capacity by 2025 [3]. - The transaction is expected to enhance low-emission energy generation for Ecopetrol's self-consumption, thereby reducing reliance on spot market purchases and diversifying the company's energy matrix [3]. Group 3: Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy player in the Americas, responsible for over 60% of the country's hydrocarbon production [5]. - The company has a diverse portfolio that includes energy transmission, real-time system management, and international operations in strategic basins across the Americas [5].
Voltalia announces the appointment of two new Board members, including one independent
Globenewswire· 2025-05-19 16:45
Core Points - Voltalia has appointed two new board members, including an independent director, to enhance its governance and support its strategic ambitions for sustainable growth [1][2] - Bertrand Cousin joins as an independent director and will serve as the Chairman of the Audit Committee, bringing over 30 years of experience in the banking sector [3] - Alexis Grolin, with 20 years of experience in asset management and business transformation, will contribute to Voltalia's commitment to energy transition and corporate governance [4] Company Overview - Voltalia is an international player in renewable energies, producing and selling electricity from various sources including wind, solar, hydro, biomass, and storage facilities, with a total operational and under-construction capacity of 3.3 GW and a project portfolio of 17.4 GW [5] - The company also provides comprehensive services to renewable energy customers, supporting projects from design to operation and maintenance [6] - With over 2,000 employees across 20 countries on 3 continents, Voltalia has a global operational capacity [7] Market Position - Voltalia is listed on the Euronext regulated market in Paris and is included in indices such as Enternext Tech 40 and CAC Mid&Small, as well as MSCI ESG ratings and Sustainalytics ratings [8]
BAK Battery Unveils Three Major Product Lines at CIBF 2025, Strategically Shaping the "Core" Engine for Future Development
Globenewswire· 2025-05-17 12:55
Core Insights - BAK Battery showcased its three main product lines: cylindrical, polymer, and prismatic batteries at the 17th China International Battery Fair (CIBF 2025) held in Shenzhen from May 15 to 17, 2025 [1] Cylindrical Battery - BAK Battery has over two decades of expertise in cylindrical batteries, developing a comprehensive product platform with high capacity, power, and safety [3] - The company has pioneered a tabless cylindrical battery matrix, enhancing performance metrics such as discharge capability, endurance, charging speed, and cycle life compared to traditional cylindrical batteries [3] Safety Standards - In response to safety concerns in electric two-wheelers, BAK's PRO-M high-safety battery meets and surpasses the new national safety standards GB43854-2024 and GB40559-2024, excelling in the nail penetration test [4] - The battery offers a wide temperature range and long cycle life, enhancing user experience [4] Polymer Battery - BAK is advancing solid-state battery technology, planning to launch a 390Wh/kg solid-state battery product by the end of 2025, with a cycle life of 800 cycles [5] - The solid-state battery is targeted for high-performance applications, including explosive-proof safety equipment and vehicle battery swapping [5] - BAK is also a leading supplier of consumer-grade polymer pouch lithium batteries, offering products with high power, fast charging, and high energy density [6] Prismatic Battery - BAK Battery is focusing on large-capacity cells as the energy storage sector transitions to high-quality development, introducing a 688Ah prismatic cell [8] - The company aims to reduce the cost per Wh, enhancing its competitive edge in the clean energy sector [8] Company Vision - Mr. Liu Zhibo, Executive Vice President of BAK Battery, emphasized the company's commitment to innovation, sustained R&D investment, and delivering high-quality products to contribute to a greener, low-carbon future [9]
Eni's Renewable Arm Plenitude Attracts Investment Interest From Ares
ZACKS· 2025-05-16 18:21
Group 1 - Eni S.p.A is exploring the sale of a 20% stake in its renewable and retail business Plenitude, engaging in exclusive discussions with Ares Alternative Credit Management [1][2] - The equity value of Plenitude is estimated between 9.8 billion and 10.2 billion euros, with potential to exceed 12 billion euros when considering debt [2] - The sale aligns with Eni's satellite strategy, aimed at developing low-carbon businesses and attracting external investments [3][5] Group 2 - Eni's strategy includes selling small stakes in its business units to support capital expenditures for low-carbon initiatives while retaining investment capacity in upstream projects [3][4] - The interest from Ares highlights the attractiveness of Eni's business model and its growth prospects [4] - Eni has previously executed similar transactions, including a stake sale in Plenitude to Energy Infrastructure Partners and a 30% interest in its biofuel unit Enilive to KKR [5]
AleAnna, Inc. Reports First Quarter 2025 Results
Globenewswire· 2025-05-15 20:15
Longanesi First Gas Sales Have Been AchievedFirst Quarter 2025 and Recent Company Highlights: AleAnna reported basic and diluted net loss per common share of ($0.05) for the quarter ended March 31, 2025, compared with ($3.41) for the same period in 2024.AleAnna ended the quarter with cash and cash equivalents of approximately $27.8 million DALLAS, May 15, 2025 (GLOBE NEWSWIRE) -- AleAnna, Inc. (“AleAnna” or “the Company”) (NASDAQ: ANNA) today announced financial results for the first quarter of 2025. While ...
Solutions30 announces the appointment of three new CEOs for France, Germany and Belgium
Globenewswire· 2025-05-15 16:00
Solutions30, the European leader in multi-technical field services for the telecommunications, energy, and IT sectors, announces the appointment of Antoine Mirabel as CEO of its operations in France. He succeeds Amaury Boilot, who had been serving in this role on an interim basis since June 2023, in addition to his group-level responsibilities. The Group also announces the appointment of Oliver Fidorra as Co-CEO of its operations in Germany, alongside Luc Brusselaers, who also serves as the Group's Chief Re ...
Jacobs Selected to Lead Delivery of Marinus Link Energy Project
ZACKS· 2025-05-15 15:31
Core Insights - Jacobs Solutions Inc. has been appointed as the Integrated Delivery Partner for the Marinus Link project, which will enhance electricity and telecommunications transmission between Tasmania and Victoria [1][2] - The Marinus Link project has a capacity of 1500 megawatts, supplying power to 1.5 million homes and is expected to create 3,300 jobs while generating $3.9 billion in economic growth [2][4] - Jacobs will manage the first 750-megawatt stage, overseeing technical engineering and construction packages [3][4] Project Details - The Marinus Link project spans approximately 345 kilometers using undersea and underground HVDC cables [1] - The project aims to improve energy reliability, support renewable energy use, and enhance the National Electricity Market [1][2] - It is classified as urgent in the Australian Energy Market Operator's optimal plan for the national grid and is included in the Australian Government's National Renewable Energy Priority List [5] Jacobs' Broader Involvement - Jacobs is also engaged in major energy infrastructure projects globally, including Suedlink in Europe and Xcel Energy's transmission program in the U.S. [6] - The company's backlog reached $22.16 billion at the end of the second quarter of fiscal 2025, reflecting a 20% increase year-over-year [8] - Jacobs' project execution efficiency has led to increased demand for its consulting services across various sectors [7][8] Market Performance - Jacobs' stock has decreased by 5.2% year to date, contrasting with the 6.7% growth of the Zacks Technology Services industry [10] - Despite market uncertainties, Jacobs is expected to benefit from trends in infrastructure modernization, energy transition, and national security [10]