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Equinor ASA: Minutes from the annual general meeting 2025
Globenewswire· 2025-05-14 18:33
On 14 May 2025, the annual general meeting in Equinor ASA (OSE: EQNR, NYSE: EQNR) approved the annual report and accounts for Equinor ASA and the Equinor group for 2024, as proposed by the board of directors. Further, the annual general meeting approved a cash dividend of US dollar (USD) 0.37 per share to be distributed for the fourth quarter of 2024. The fourth quarter 2024 dividend accrues to the shareholders as registered in Equinor's shareholder register with the Norwegian Central Securities Depository ...
McPhy Energy: Search for a buyer - Update on the situation
Globenewswire· 2025-05-14 16:50
Company Overview - McPhy Energy specializes in hydrogen production equipment, contributing to the global deployment of low-carbon hydrogen for energy transition [3] - The company offers a complete range of products for industrial, mobility, and energy sectors, providing turnkey solutions for various applications [3] - McPhy has been designing, manufacturing, and integrating hydrogen equipment since 2008, with development centers in France, Italy, and Germany [3] Recent Developments - A conciliation procedure was opened in April 2025, leading McPhy to initiate a call for tenders for a potential takeover of its assets and activities [1] - The deadline for the submission of offers was May 9, 2025, and the received tenders are currently under review [5][2] - No in bonis offers have been received, which may result in a judicial liquidation procedure for McPhy, leading to the delisting of its shares [6] Financial Implications - The anticipated residual value from the judicial liquidation is expected to be nil, as the proceeds from asset realization are likely to fall short of liabilities [6] - The company is preparing to communicate the next steps related to the takeover project and any significant changes in its situation [2]
Saint-Gotthard road tunnel: Nexans to install Switzerland’s longest high-voltage underground line
Globenewswire· 2025-05-14 07:00
Core Insights - Nexans, in collaboration with Swissgrid, will install Switzerland's longest high-voltage underground line in the Saint-Gotthard Road tunnel, marking a significant advancement in electricity transmission along the north-south corridor of Switzerland [1][2][7] - The project involves an 18 km long 220 kV high-voltage line, which will replace the existing overhead line, and is set to be completed by 2030 [1][2] - The project is valued at approximately €50 million, representing the largest contract ever signed by Nexans Switzerland, highlighting the company's strong position in the Swiss market [3] Project Details - The preparatory phase for the project will take place from 2025 to 2028, with construction starting in 2028 and completion expected in 2030 [2][7] - Nexans will supply a total of 57 km of extra-high voltage cable, with manufacturing taking place in Charleroi, Belgium, and project engineering and installation handled in Cortaillod, Switzerland [2] - The project aims to leverage synergies with existing infrastructure, contributing to landscape preservation and efficient land use [2] Environmental Impact - Once operational, the new underground line will allow for the dismantling of overhead cables crossing the Gotthard Pass, reducing environmental and landscape impact in the area [4] - Four pylons near the summit will remain but will be reduced in size to continue supporting a high-voltage connection for Swiss Federal Railways (SBB) [4] Company Overview - Nexans has over a century of experience in electrification and is committed to sustainable and decarbonized electricity solutions, with a reported €7.1 billion in standard sales for 2024 [5] - The company operates in 41 countries and is recognized as a global leader in climate action, aiming for Net-Zero emissions by 2050 [5]
Northland Power Reports First Quarter 2025 Results
Globenewswire· 2025-05-14 00:08
Core Insights - Northland Power Inc. reported its financial results for Q1 2025, highlighting a decrease in revenue and net income compared to the same quarter in 2024, primarily due to adverse wind conditions in Europe [12][25][29] Financial Performance - Revenue from energy sales was $649 million in Q1 2025, down from $755 million in Q1 2024, reflecting a decrease of approximately 14% [12][13] - Net income for Q1 2025 was $111 million, compared to $149 million in Q1 2024, marking a decline of about 26% [12][25] - Adjusted EBITDA was $361 million in Q1 2025, down from $454 million in Q1 2024, representing a decrease of approximately 20% [12][26] - Free Cash Flow per share was $0.60 in Q1 2025, compared to $0.88 in Q1 2024, indicating a decline of about 32% [12][29] Project Updates - The Oneida Energy Storage Project, a 250 MW facility, commenced commercial operations ahead of schedule and under budget, operating under a 20-year capacity contract [4][34] - The Hai Long offshore wind project has successfully installed its first wind turbine and is on track for full commercial operations in 2027 [11][32] - The Baltic Power offshore wind project is progressing towards commercial operations in the latter half of 2026 [11][32] Operational Highlights - Northland's offshore and onshore renewables and natural gas facilities achieved over 95% commercial availability during the quarter [6] - Despite the lowest wind conditions in a decade in Europe, Northland's North American onshore wind and natural gas facilities delivered higher operating results [6][12] Leadership Changes - Christine Healy was appointed as the new President and CEO, and Jeff Hart was appointed as the new CFO, both expected to drive the company's strategic objectives [6][7] Sustainability Initiatives - Northland released its 2024 Sustainability Report, showcasing key sustainability achievements and reinforcing its commitment to energy transition [7]
Capstone Infrastructure Corporation Reports First Quarter Results and Declares a Quarterly Dividend
Globenewswire· 2025-05-13 20:52
Core Insights - Capstone Infrastructure Corporation announced its financial results for Q1 2025, with detailed Management's Discussion and Analysis (MD&A) available on its website and SEDAR+ [1] - The Board of Directors declared a quarterly dividend of $0.2314 per Preferred Share, payable on or about July 31, 2025, to shareholders of record by July 15, 2025 [2] - The dividends on Preferred Shares are designated as "eligible" dividends under the Income Tax Act (Canada), allowing for an enhanced dividend tax credit for Canadian residents [3] Company Overview - Capstone is focused on driving the energy transition through innovative thinking and strong partnerships, operating clean and renewable energy projects across North America [4] - The company's portfolio includes approximately 885 MW gross installed capacity across 35 facilities, which encompass wind, solar, hydro, biomass, and natural gas power plants [4]
DLL and Iveco Group join forces to provide low- to zero-emission vehicles through long-term rental solutions
Globenewswire· 2025-05-13 15:45
Core Insights - DLL and Iveco Group are forming a Joint Venture (JV) to enhance access to low- to zero-emission commercial vehicles in Europe [1][2] - DLL will acquire a 51% stake in GATE, a subsidiary of Iveco Group, while Iveco Group retains 49% [2] - The JV aims to provide financial backing and asset financing expertise to accelerate GATE's growth and development [2][3] Company Overview - DLL is a global asset finance company with a managed portfolio exceeding EUR 47 billion, operating in over 25 countries [5] - DLL focuses on various industries including Agriculture, Construction, Energy Transition, and Transportation, providing financial solutions throughout the asset life cycle [5] - Iveco Group is a leader in the automotive sector, encompassing brands that specialize in commercial vehicles, powertrain technologies, and mass transit solutions [6][7] Strategic Goals - The JV will facilitate sustainable mobility through rental solutions tailored to customer needs, expanding GATE's operations beyond Italy to France and Germany, with plans for further expansion [3] - DLL's CEO emphasized the commitment to energy transition and decarbonization through partnerships and innovative financing solutions [4] - Iveco Group's President highlighted the collaboration as a significant step towards supporting customers in their energy transition efforts [4]
McPhy Energy: Monthly information relating to the total number of voting rights and outstanding shares (April 30, 2025)
Globenewswire· 2025-05-13 15:45
Company Overview - McPhy specializes in hydrogen production equipment and contributes to the global deployment of low-carbon hydrogen as a solution for energy transition [2] - The company offers a complete range of products for industrial, mobility, and energy sectors, providing turnkey solutions for industrial raw material supply, recharging of fuel cell electric vehicles, and storage and recovery of electricity surplus from renewable sources [2] - McPhy has been designing, manufacturing, and integrating hydrogen equipment since 2008, with three development, engineering, and production centers located in France, Italy, and Germany [2] Financial Information - As of April 30, 2025, McPhy has a total of 29,281,788 outstanding shares and 29,100,574 net voting rights [4] Corporate Structure - McPhy Energy is a public limited company (société anonyme) with a Board of Directors and is registered under number 502 205 917 R.C.S. Belfort [5] - The company is listed on Euronext Growth Paris with the ISIN code FR0011742329 and ticker ALMCP [5]
PyroGenesis Closes $2,385,000 First Tranche in Previously Announced Loan
Globenewswire· 2025-05-12 11:30
Company Overview - PyroGenesis Inc. is a high-tech company focused on designing, developing, manufacturing, and commercializing advanced all-electric plasma processes and sustainable solutions aimed at supporting heavy industry in energy transition, emission reduction, commodity security, and waste remediation [1][4] - The company has proprietary, patented plasma technologies that are being adopted by major industry leaders in four key markets: iron ore pelletization, aluminum, waste management, and additive manufacturing [4] Financial Update - PyroGenesis successfully closed the first tranche of a non-brokered loan with P. Peter Pascali, receiving $2,385,000 [2] - The total loan amount could reach up to $5,750,000, with an additional $3,365,000 potentially available before June 16, 2025 [2] - In connection with this tranche, the company issued 5,207,423 common share purchase warrants to the Lender, allowing the acquisition of shares at an exercise price of $0.458 for four years [2][3] Use of Proceeds - The net proceeds from the loan will be utilized for working capital and general corporate purposes [3]
PyroGenesis Schedules First Quarter 2025 Financial Results and Business Update Conference Call
Globenewswire· 2025-05-09 11:30
Core Viewpoint - PyroGenesis Inc. is set to host a conference call on May 14, 2025, to discuss its financial results for Q1 2025 and provide updates on company progress and developments [1]. Company Overview - PyroGenesis is a high-tech company specializing in advanced all-electric plasma processes and sustainable solutions aimed at supporting heavy industries in energy transition, emission reduction, commodity security, and waste remediation [1][3]. - The company has developed proprietary and patented plasma technologies that are being adopted by major industry players in four key markets: iron ore pelletization, aluminum, waste management, and additive manufacturing [3]. - PyroGenesis operates from its Montreal office and has manufacturing facilities of 3,800 m² and 2,940 m², maintaining a competitive edge through continuous technology development and commercialization [3]. - The company is ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997 [3]. - PyroGenesis' shares are publicly traded on the TSX (TSX: PYR), OTCQX (OTCQX: PYRGF), and Frankfurt Stock Exchange (FRA: 8PY1) [3].
SUNation Energy Schedules 2025 First Quarter Financial Results and Conference Call
Globenewswire· 2025-05-08 20:05
RONKONKOMA, N.Y., May 08, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or “the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it will issue its financial results for the first quarter ended March 31, 2025 on Thursday, May 15, 2025 after the close of the stock market. The Company will host a corresponding conference call on Friday, May 16, 2025 at 9:00 a.m. ET, to discuss th ...