Workflow
energy transition
icon
Search documents
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]
Shell Faces Renewed Legal Pressure on Fossil Fuel Expansion
ZACKS· 2025-05-14 10:40
Shell plc (SHEL) is under intensifying legal scrutiny as environmental organization Milieudefensie, the Dutch branch of Friends of the Earth, announces fresh legal action. The NGO, based in Netherlands, claims that by investing in new oil and gas projects despite a previous court decision requiring emissions reductions, the integrated oil and gas company violated its duty of care under Dutch law. This case could escalate tensions between fossil fuel corporations and climate activists pressing for stricter a ...
Oklo Q1 Earnings: No Revenue? No Problem - The Story Gets Stronger (Rating Upgrade)
Seeking Alpha· 2025-05-14 08:11
Group 1 - Michael Wiggins De Oliveira is an inflection investor, focusing on buying undervalued companies at pivotal moments when their profitability is expected to improve significantly over the next year [1] - The investment strategy emphasizes technology and the Great Energy Transition, including uranium, with a concentrated portfolio of approximately 15 to 20 stocks and an average holding period of 18 months [1] - Michael has over 10 years of experience analyzing companies in tech and energy sectors, and has built a following of over 40,000 on Seeking Alpha [2] Group 2 - The Investing Group Deep Value Returns, led by Michael, offers insights through its concentrated portfolio of value stocks, timely updates on stock picks, and a weekly webinar for live advice [3] - The group provides "hand-holding" support for both new and experienced investors, fostering an active and vibrant community accessible via chat [3] - Seeking FCF is associated with Michael Wiggins De Oliveira, indicating a collaborative investment approach [3]
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]
Shell's Output Expansion Plan for Perdido Development Faces Delay
ZACKS· 2025-05-13 18:30
Shell plc (SHEL) , the British oil and gas giant, mentioned that the firm has been facing setbacks in raising production from the Perdido offshore development in the Gulf of America. The company had initially expected to bring three wells online in April 2025 to boost production. These three wells are part of Perdido's Great White unit, and one was brought online in March 2025.Production Challenges and DelaysHowever, the other two wells are facing delays and are anticipated to come online by the end of this ...
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
Translation for information purposes only In accordance with articles L. 233-8-II of the French Commercial Code and223-16 of the Autorité des Marchés Financiers General Regulation Reporting company: Corporate name: McPhy EnergyPublic Limited company (société anonyme) with Board of DirectorsRegistered office: Aéroparc – 1615 Avenue de la Grande Piste, 90150 FoussemagneRegistered under number 502 205 917 R.C.S. BelfortEuronext Growth Paris (ISIN code: FR0011742329 - ALMCP) DateTotal number of outstanding sh ...