Renewable Energy
Search documents
Beam Global and HEVO Inc. Launch Market-Ready Autonomous Charging Platform for Autonomous Vehicles
Globenewswire· 2026-02-24 13:10
Core Insights - Beam Global and HEVO Inc. have launched an integrated autonomous wireless charging system for electric vehicles, utilizing Beam's solar-powered EV ARC™ infrastructure and HEVO's Rezonant™ wireless charging technology, aimed at the autonomous vehicle sector and commercial electric vehicle fleets [1][2][3] Group 1: Technology and Product Offering - The integrated solution combines HEVO's wireless charging hardware and software with Beam's off-grid EV ARC™ systems, enabling automated charging without the need for human intervention [2][5] - The system is designed for rapid deployment and is already generating interest from various sectors, including AV operators and government agencies in the U.S. and UAE [1][3][6] - Key features include hands-free charging, compatibility with any AV or EV, and significant cost reductions by avoiding construction and utility connections [10] Group 2: Market Context and Growth Potential - The U.S. policy environment is becoming more favorable for AV deployment, with support from the Trump administration for streamlined permitting and reduced regulatory barriers [4] - The UAE's AV market is projected to reach approximately $2.7 billion by 2030, with a compound annual growth rate of 19.2% from 2025 to 2030, indicating strong demand for scalable AV charging solutions [4] Group 3: Strategic Collaboration and Future Plans - Beam Global and HEVO are advancing commercial rollouts and will conduct joint demonstrations to showcase the capabilities of their integrated platform [3][6] - The collaboration aligns with both companies' global growth strategies and aims to enhance the adoption of autonomous mobility solutions [5][6]
Shoals Technologies (SHLS) - 2025 Q4 - Earnings Call Presentation
2026-02-24 13:00
Non-GAAP Financial Information All results shared within this presentation are non-GAAP unless noted as "reported," in which case we are referring to our results on a GAAP basis. Please see GAAP to non-GAAP reconciliations at the end of this presentation for comparable GAAP measures. Refer to the definitions of these measures in our earnings release for Q4 2025 on our investor relations website at https://investors.shoals.com. Market and Industry Data This presentation also contains information regarding th ...
PowerBank Approved for $309,720 USD from NYSERDA for Elmira Solar Project
Prnewswire· 2026-02-24 12:07
Core Insights - PowerBank Corporation has been approved for up to $309,720 USD in incentives for its 2.6 MW Elmira Solar Power Project under the NYSERDA's NY-Sun Program [1] - The project could potentially receive an additional $545,107 USD through the Inclusive Community Solar Adder (ICSA) stream of the NY-Sun program [1] - The Elmira Project is expected to power approximately 325 homes annually and will operate as a community solar project [1] Company Overview - PowerBank Corporation is a leader in distributed solar energy, battery storage, and clean energy infrastructure across North America [1] - The company has completed over 100 MW of projects and has a development pipeline exceeding 1 GW [1] - PowerBank focuses on developing solar and Battery Energy Storage System (BESS) projects that sell electricity to various off-takers [1] Industry Context - The NY-Sun Program aims to drive growth in the solar industry and make solar technology more affordable for New Yorkers [1] - New York State leads the U.S. in community solar capacity and has achieved a 6 GW solar goal as part of the New York State Climate Act [1] - The Elmira Project contributes to New York's target of reaching 10 GW of solar capacity by 2030 [1]
Selected candidates for the Management Board of AB “Ignitis grupė”
Globenewswire· 2026-02-24 07:00
Core Viewpoint - The Supervisory Board of "Ignitis grupė" has selected candidates for a new four-year term for the Management Board, expected to take office on March 26, 2026, ensuring continuity in the Group's strategy and leadership [1][8]. Group Management Board Composition - The new Management Board will consist of five members, including four current members and one new member with extensive experience in the energy sector [2]. - Darius Maikštėnas will continue as Chair of the Management Board and CEO, having led the transformation of "Lietuvos energija" into "Ignitis grupė," the largest listed company in the Baltic States, with financial results doubling and a threefold increase in renewable energy projects during his tenure [2]. - Jonas Rimavičius, the Group CFO, has overseen key strategic initiatives, including a successful IPO and green bond issuances, contributing to the Group's long-term growth strategy [3]. - Dr. Živilė Skibarkienė, Chief Organisational Development Officer, has led enterprise-wide transformation and digitalization efforts, earning the Group the "Top Employer" rating five times [4]. - Mantas Mikalajūnas, Chief Regulatory Officer, has nearly two decades of experience in the energy sector, overseeing regulated activities and government relations [5]. - Vytenis Koryzna, the new member, brings over a decade of experience in renewable energy and strategic leadership, previously serving as CEO of Detra Solar and Enefit Lithuania [6]. Selection Process - The selection process for the Management Board candidates was conducted by an external recruitment agency, with applications accepted until January 5, 2026, and candidates assessed based on their qualifications and experience [10]. Governance and Terms - The Management Board is elected for a four-year term, with the CEO also serving as the Chair of the Management Board, in accordance with corporate governance guidelines [8]. - The current term of the Management Board ends on March 25, 2026, and the second term of the current CEO, D. Maikštėnas, will conclude on February 28, 2027 [9].
Dominion Energy(D) - 2025 Q4 - Earnings Call Transcript
2026-02-23 17:02
Financial Data and Key Metrics Changes - Dominion Energy reported full year 2025 operating earnings of $3.42 per share, exceeding the midpoint of guidance, with GAAP earnings at $3.45 per share [6][8] - The company expects 2026 operating earnings per share, excluding RNG 45Z credit income, to be between $3.40 and $3.60, representing a 6.1% increase from the 2025 guidance midpoint of $3.30 [9][14] - The estimated CFO pre-working capital to debt ratio is nearly 100 basis points above the downgrade threshold, marking the highest result since 2012 [8] Business Line Data and Key Metrics Changes - The Coastal Virginia Offshore Wind project is over 70% complete, with first power expected by the end of March 2026 [20][21] - The project budget stands at $11.5 billion, including a contingency of $155 million [22] - The data center pipeline has grown to over 48 GW, an increase of approximately 1.4 GW or 3% since September 2025 [30] Market Data and Key Metrics Changes - Weather-normal sales in Dominion Energy Virginia increased by 5.4% in 2025, with all top 20 peak demand days occurring in the last 14 months [10] - Customer rates at Dominion Energy Virginia and South Carolina remain lower than the national average, with expected increases of around 2.6% and 2.8% respectively [26] Company Strategy and Development Direction - The company is focused on three principal priorities: achieving financial commitments, major construction milestones for the Coastal Virginia Offshore Wind project, and constructive regulatory outcomes [5] - A significant increase in the 5-year capital investment forecast from $50 billion to approximately $65 billion, primarily at Dominion Energy Virginia, is aimed at meeting growing customer demand [11][12] - The company aims for a long-term operating earnings per share growth rate of 5%-7% annually, with a bias towards the upper half of that range starting in 2028 [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the execution of their plan, despite facing both tailwinds and headwinds [17] - The company is committed to maintaining competitive rates while improving operational efficiency and customer service [28] - Management highlighted the importance of regulatory and construction execution, stable financing markets, and customer affordability in achieving future growth [16] Other Important Information - The company achieved record-setting safety performance in 2025, with an OSHA recordable rate of 0.26 [20] - The Virginia State Corporation Commission approved the Certificate of Public Convenience and Necessity for the Chesterfield Energy Reliability Center, expected to cost approximately $1.5 billion [35] Q&A Session Summary Question: EPS growth and CapEx increase - Management noted that the EPS growth guidance reflects a conservative approach, with adjustments made for Section 45Z credits and the impact of Millstone's pricing post-PPA expiration [44][47] Question: Data center ramp and CapEx outlook - Management confirmed that data center expectations are based on historical performance and existing contracts, with a focus on deploying capital to support long-term financial performance [50][53] Question: CVOW turbine installation cadence - Management indicated that the majority of turbine installations are expected in 2026, with a target of approximately 2.25 days per installation [63] Question: Utility capital plan and PJM transmission - Management confirmed that the PJM transmission projects are included in the capital plan, with a portfolio approach extending beyond 2030 [72][76] Question: Dividend payout considerations - Management acknowledged the trend of peers reducing payout ratios and indicated that this will be considered when making future decisions on dividend growth [77] Question: New nuclear technology evaluation - Management is still evaluating new nuclear technology and does not currently have capital allocated for small modular reactors in the 5-year plan [78]
Dominion Energy(D) - 2025 Q4 - Earnings Call Transcript
2026-02-23 17:02
Financial Data and Key Metrics Changes - For the full year 2025, operating earnings were reported at $3.42 per share, exceeding the midpoint of guidance, while GAAP earnings were $3.45 per share, higher than operating EPS [6][8] - The company expects 2026 operating earnings per share, excluding RNG 45Z credit income, to be between $3.40 and $3.60, with a midpoint of $3.50, representing a 6.1% increase from the 2025 guidance midpoint of $3.30 [9][14] Business Line Data and Key Metrics Changes - The Coastal Virginia Offshore Wind (CVOW) project is over 70% complete, with first power expected to be delivered by the end of March 2026 [20][21] - The project budget stands at $11.5 billion, including unused contingency of $155 million [22] Market Data and Key Metrics Changes - In 2025, weather-normal sales in the Dominion Energy Virginia LSE increased by 5.4%, indicating strong demand growth [10] - The company has over 48 GW in various stages of contracting for data center customers, reflecting a 3% increase from the previous quarter [30] Company Strategy and Development Direction - The company is focused on three principal priorities: achieving financial commitments, completing major construction milestones for CVOW, and achieving favorable regulatory outcomes [5] - A significant increase in the 5-year capital investment forecast from $50 billion to approximately $65 billion has been announced, with over 90% of this increase occurring at Dominion Energy Virginia [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver on commitments and highlighted the importance of regulatory cooperation and customer affordability [5][39] - The company anticipates achieving upper half growth rates of 5%-7% starting in 2028, despite headwinds such as lower RNG production and higher financing costs [15][39] Other Important Information - The company achieved record-setting safety performance in 2025, with an OSHA recordable rate of 0.26 [20] - The Virginia State Corporation Commission approved the Certificate of Public Convenience and Necessity for the Chesterfield Energy Reliability Center, expected to cost approximately $1.5 billion [35] Q&A Session Summary Question: EPS growth and CapEx increase - Management explained that the EPS growth rate of 6% is influenced by the biennial rate increase in Virginia and a half-year impact from the South Carolina rate case, with a catch-up effect expected in 2026 [84] Question: Data center ramp and minimum taker pays - Management confirmed that data center expectations are based on historical performance and existing contracts, with a focus on deploying capital to support sales growth [51][53] Question: CVOW turbine installation cadence - Management indicated that the majority of turbine installations are expected in 2026, with a target of approximately 2.25 days per installation [63] Question: Dividend payout and growth timing - Management acknowledged the trend of peers reducing payout ratios and indicated that a final decision on dividend growth will be made considering current EPS growth rates [77] Question: New nuclear technology evaluation - Management stated that they are still evaluating new nuclear technology and do not have capital allocated for small modular reactors in the current 5-year plan [78]
Dominion Energy(D) - 2025 Q4 - Earnings Call Transcript
2026-02-23 17:00
Financial Data and Key Metrics Changes - For the full year 2025, the company reported operating earnings of $3.42 per share, exceeding the midpoint of guidance, with GAAP earnings at $3.45 per share, which was higher than operating EPS [5][6] - The company achieved a significant credit result, with Moody's full-year CFO pre-working capital to debt nearly 100 basis points above the downgrade threshold, marking the highest result since 2012 [6] Business Line Data and Key Metrics Changes - The Coastal Virginia Offshore Wind project is over 70% complete, with first power expected to be delivered by the end of March 2026, and the project budget stands at $11.5 billion [20][21] - The company increased its 5-year total capital estimate from $50 billion to approximately $65 billion, representing a 30% increase, with over 90% of this increase occurring at Dominion Energy Virginia [10][11] Market Data and Key Metrics Changes - In 2025, weather-normal sales in the Dominion Energy Virginia LSE increased by 5.4%, indicating strong demand growth [9] - The average residential electric customer bills as a percentage of median household income improved by 7% and 29% more than the national average for Dominion Energy Virginia and Dominion Energy South Carolina, respectively, since 2014 [27] Company Strategy and Development Direction - The company focuses on three principal priorities: achieving financial commitments, major construction milestones for the Coastal Virginia Offshore Wind project, and constructive regulatory outcomes [4] - The long-term operating earnings per share growth guidance is reaffirmed at 5%-7% annually, with a bias towards the upper half of that range starting in 2028 [13][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the execution of the business plan, highlighting both tailwinds and headwinds, but maintaining a conservative approach to financial planning [17] - The company anticipates continued strong demand growth driven by data centers, with over 48 GW in various stages of contracting as of December 2025 [29][30] Other Important Information - The company has launched a new online platform to help customers manage their electric bills and has various programs to assist customers facing higher costs [27][28] - The Virginia State Corporation Commission approved the Certificate of Public Convenience and Necessity for the Chesterfield Energy Reliability Center, expected to cost approximately $1.5 billion [34] Q&A Session Summary Question: EPS growth and CapEx increase - The management explained that the EPS growth guidance for 2026 considers the impact of reduced Section 45Z credits and conservatism in financial planning, particularly regarding Millstone [44][45] Question: Data center customer ramp-up - Management confirmed that data center expectations are based on historical performance and existing contracts, with a focus on actual demand rather than speculative inquiries [49][51] Question: CVOW project timeline and cost sensitivity - The management clarified that the majority of turbine installations are expected in 2026, with a cadence of approximately 2.25 days per installation, and discussed the financial implications of potential delays [61][63] Question: Utility capital plan and PJM transmission - Management confirmed that the PJM transmission projects are included in the capital plan, with a portfolio approach extending beyond 2030 [71][73] Question: Dividend payout considerations - The management acknowledged the trend of peers reducing payout ratios and indicated that they would consider this when making decisions about future dividend growth [75][76] Question: New nuclear technology evaluation - Management stated that they are still evaluating new nuclear technology and do not have capital allocated for small modular reactors in the current 5-year plan [77]
Dominion Energy, Inc. (NYSE:D) Eyes Future Growth with Strategic Investments
Financial Modeling Prep· 2026-02-23 17:00
Core Insights - Dominion Energy, Inc. is a significant player in the energy sector, focusing on electricity and natural gas distribution while heavily investing in renewable energy and infrastructure for future growth [1][6] - The consensus price target for Dominion has been increasing, reflecting positive analyst sentiment, with the average price target rising from $66.67 to $68 [2] - The company is preparing to release its fourth-quarter earnings report, with expectations for earnings growth despite concerns over margin pressures and premium valuation [3] Investment Strategy - Dominion has a substantial $50 billion investment plan and offers a 4.3% dividend yield, which are key components of its growth strategy [4] - The company aims for 6% long-term EPS growth and mid-single-digit dividend increases, supported by projects like the Coastal Virginia Wind project, which is 66% complete [4] - Increasing demand from data centers further bolsters Dominion's growth trajectory [4] Challenges - Dominion faces challenges such as project risks and potential equity dilution, which could impact stock performance despite the positive outlook from analysts [5]
Dominion Energy(D) - 2025 Q4 - Earnings Call Presentation
2026-02-23 16:00
Q4 2025 earnings call February 23, 2026 Important note for investors This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Dominion Energy. The statements relate to, among other things, expectations, estimates and projections concerning the business and operations of Dominion Energy. We have used the words "path", "anticipate", "believe", "forecast", "could", "estimate", "expect", "intend", "may", "plan", "outlook", ...
FTC Solar Announces Supply Agreement with Lubanzi Inala
Globenewswire· 2026-02-23 13:01
Group 1 - FTC Solar, Inc. has announced a three-year supply agreement with Lubanzi Inala for approximately 840 megawatts of solar trackers, aimed at supporting solar projects in South Africa [1][2] - The agreement includes a combination of 1P and 2P tracker technologies, with the first project expected to commence in mid-2026 [2] - FTC Solar is recognized for its innovative tracker solutions, which enhance energy production by optimizing solar panel orientation, and offers a competitive installation cost-per-watt advantage [3] Group 2 - The partnership with Lubanzi Inala is expected to advance the South African renewable energy industry by providing high-quality solar solutions [2] - FTC Solar's CEO expressed optimism about the collaboration, highlighting the company's ability to support diverse project portfolios with its advanced technology and services [2]