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Kyndryl Holdings: This IBM Spinoff Has Now Reached An Inflection Point
Seeking Alpha· 2025-06-19 12:11
Group 1 - The article discusses a long-term, contrarian approach to equities investing, with a focus on the Tech, Commodities, and Energy sectors as the world undergoes an energy transition [1] Group 2 - No specific company or stock positions are disclosed, indicating a neutral stance on investment recommendations [2][3]
Duke Energy Indiana agrees to Cayuga coal unit feasibility study in addition to building new gas units on-site
Prnewswire· 2025-06-17 18:55
The study will explore the possibility of a sale of existing coal units Settlement with state's coal producers is aligned with Indiana Governor Mike Braun's executive orders on coalPLAINFIELD, Ind., June 17, 2025 /PRNewswire/ -- Duke Energy Indiana and Reliable Energy Inc., which represents several of Indiana's major coal producers, have reached a settlement in Duke Energy Indiana's request pending before the Indiana Utility Regulatory Commission for a proposed new natural gas plant at its Cayuga Generati ...
Shoals Technologies Group, Inc. Appoints Industry Veteran, Bobbie L. King, Jr., as Chief Legal Officer
Globenewswire· 2025-06-16 20:35
Core Insights - Shoals Technologies Group, Inc. has appointed Bobbie L. King, Jr. as Chief Legal Officer and Corporate Secretary to enhance its legal strategy and support sustainable growth [1][2][3] Company Overview - Shoals Technologies Group is a leading provider of electrical balance of system solutions and components for the global energy transition market, including battery energy storage solutions [4] - The company has been recognized for its innovative technologies that improve installation efficiency, safety, and system performance since its founding in 1996 [4] Executive Team Enhancement - Bobbie L. King, Jr. brings over 15 years of legal and leadership experience in the clean infrastructure industry, previously serving at HA Sustainable Infrastructure Capital, Inc. and holding senior roles at NextEra Energy, Inc. and Charles River Laboratories [2][3] - The CEO of Shoals, Brandon Moss, expressed confidence in Mr. King's ability to drive operational efficiencies and support growth within the company [3]
General Catalyst CEO: An AI driven power crisis lurks
Yahoo Finance· 2025-06-16 13:38
Welcome to a new episode of Yahoo Finance's opening bid podcast. I'm Yahoo Finance executive editor Brian Sazy. Like I always say, this the podcast that will make you a smarter investor, period.And I want to change it up for this episode. I've spent so much time uh over the past few months talking about AI in the enterprise. Or in other words, AI spreading throughout corporate America, mostly through agents unlocking all sorts of productivity and costing jobs.I want to focus on AI for good and a lot of thin ...
SUNation Energy Retains Nasdaq Listing
Globenewswire· 2025-06-16 12:00
Core Points - SUNation Energy, Inc. has been found compliant with Nasdaq Listing Rules, allowing it to maintain its listing on Nasdaq [1][2] - The decision was made by the Nasdaq Hearings Panel on June 10, 2025, regarding previous non-compliance notices [1] - CEO Scott Maskin expressed confidence in the company's business strength and future opportunities [3] Company Overview - SUNation Energy, Inc. is a provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities [1] - The company focuses on solar electricity and battery storage, operating in New York, Florida, and Hawaii [3] - SUNation Energy, Inc. aims to grow local and regional solar and energy services companies nationwide [3]
Duke Energy Progress proposes new rates to support ongoing efforts to build a smarter energy future for South Carolina customers
Prnewswire· 2025-06-12 21:35
Core Viewpoint - Duke Energy Progress has requested a public review of its current rates from South Carolina regulators, seeking a revenue increase of $74.8 million, which equates to a 12.1% rise over existing revenues [2][4]. Rate Increase Details - If approved, typical residential customers using 1,000 kilowatt-hours per month will see their monthly electric bills rise by $21.66, from $144.85 to $166.51, effective February 1, 2026 [2]. - Commercial customers are expected to experience an average increase of 12.8%, while industrial customers will see an average increase of around 3.6% [2]. Company Background - Duke Energy Progress, a subsidiary of Duke Energy, operates with 13,800 megawatts of energy capacity, serving 1.8 million customers across a 28,000-square-mile area in North and South Carolina [5]. - Duke Energy, a Fortune 150 company, serves 8.6 million customers across multiple states and owns a total of 55,100 megawatts of energy capacity [6]. Recent Investments and Improvements - The company has made significant investments to strengthen the grid, improve storm readiness, and enhance customer service, which have contributed to reduced outages [7][9]. - The last regulatory review of rates occurred in 2022, and this request reflects ongoing efforts to meet future energy demands and improve operational excellence [7][8]. Technological Advancements - Smart, self-healing technology has been implemented, which helped restore over 10,000 customer outages during Hurricane Helene, saving more than 28,000 hours of total outage time [8]. Commitment to Energy Transition - Duke Energy is focused on an ambitious energy transition, investing in electric grid upgrades and cleaner energy sources, including natural gas, nuclear, renewables, and energy storage [9].
Duke Energy proposes milestone new natural gas plant to help build a stronger energy future for South Carolina
Prnewswire· 2025-06-09 14:00
Core Viewpoint - Duke Energy plans to submit an application to build a new natural gas power plant in Anderson County, South Carolina, to meet the growing energy demands of the state due to economic development and population growth [1][2]. Group 1: Project Details - The construction application is expected to be submitted later this year, with construction anticipated to begin in summer 2027 and the plant expected to serve customers by early 2031 [3]. - The facility will be located on nearly 200 acres near Highway 81 South in Anderson County and is designed to provide approximately 1,400 megawatts of electricity [7]. Group 2: Strategic Importance - The project is the first request by Duke Energy to build new generation in South Carolina in a decade and aligns with state leaders' goals to enhance electricity capacity in response to growth [6][8]. - The facility will utilize existing infrastructure and is part of a partnership with GE Vernova to supply natural gas turbines, supporting advanced manufacturing and data centers [7]. Group 3: Community and Leadership Support - Local leaders, including Governor Henry McMaster and Senate President Thomas Alexander, emphasize the importance of reliable energy infrastructure for South Carolina's economic success and future prosperity [8][9]. - Duke Energy's commitment to this project reflects its ongoing partnership with Anderson County and aims to benefit the local economy and community [9]. Group 4: Company Overview - Duke Energy is a major energy holding company serving 8.6 million customers across several states and owns 55,100 megawatts of energy capacity [10]. - The company is focused on an energy transition that includes investments in cleaner generation sources such as natural gas, nuclear, renewables, and energy storage [11].
Nexans inaugurates Stella Nova and unveils a world-first demonstration for the electrification of data hall infrastructures in data centers
Globenewswire· 2025-06-04 11:00
Core Insights - Nexans inaugurates Stella Nova, a new Center of Excellence in Hanover, Germany, aimed at addressing future power needs of data centers and showcasing superconducting cable technology [2][3][6] - The facility spans 9,000 m² and houses over 70 experts focused on innovation in energy transmission and sustainability [3][4] - Superconducting cable systems can transmit up to 10 times more power than conventional cables with zero energy loss, presenting significant opportunities for various applications [4][5] Company Commitment - The establishment of Stella Nova marks Nexans' 125 years of industrial history and reinforces its commitment to the energy transition and decarbonization of infrastructures [6][9] - Nexans aims to play a central role in enabling the transition to renewable energies and building a sustainable digital economy [6][7] - The company generated €7.1 billion in standard sales in 2024 and is recognized as a leader in climate action, committing to Net-Zero emissions by 2050 [9]
Global Bioenergies is looking for a buyer
Globenewswire· 2025-06-03 15:40
Core Viewpoint - Global Bioenergies is officially seeking buyers due to an inability to secure strategic investors to continue its operations, leading to a pre-pack sale process as part of a conciliation procedure [2][4][6]. Financial Position - The company currently has a gross cash position of 3.0 million euros and carries a bank debt of 13.1 million euros as of December 31, 2024, which remains fully on the balance sheet due to deferred repayments [3]. - The proceeds from the anticipated sale are unlikely to cover shareholder losses, indicating a total loss for existing shareholders [7]. Business Strategy and Challenges - The company shifted its focus to an R&D collaboration project with a major international industrial player to develop sustainable aviation fuels after failing to finance its first plant project [5]. - Despite engaging with numerous potential investors, no interest has been shown in acquiring a stake in the company, attributed to the current geopolitical climate and adverse investment conditions for climate solutions [6]. Sale Process - The pre-pack sale process allows potential buyers to acquire all or part of the company's business and assets, with a deadline for offers set for July 9, 2025 [4][8]. - The Commercial Court of Evry will evaluate the offers, with a potential closing of the sale expected in September or October 2025 [8]. Company Overview - Global Bioenergies specializes in producing sustainable aviation fuels (SAF) and e-SAF from renewable resources, contributing to the decarbonization of air transport [9]. - The company is listed on Euronext Growth in Paris, with L'Oréal as its largest shareholder, holding a 13.5% stake [9].
HONEYWELL TO PRESENT AT UPCOMING PARIS AIR SHOW INVESTOR RECEPTION
Prnewswire· 2025-06-02 13:00
Company Announcement - Honeywell will host its 2025 Paris Air Show Investor Reception on June 15, 2025, featuring presentations by CEO Vimal Kapur and CEO of Honeywell Aerospace Technologies Jim Currier [1] - The event will begin at 2:00 p.m. CEST and will be accessible via a real-time audio webcast [2] Business Overview - Honeywell operates as an integrated company across various industries, focusing on automation, future aviation, and energy transition [3] - The company provides solutions through its Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions segments [3] Investor Relations - Honeywell utilizes its Investor Relations website for disclosing information relevant to investors and complying with Regulation FD [4] - Investors are encouraged to monitor the website along with press releases, SEC filings, and other communications for updates [4]