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One of Finland's largest energy storage facilities commissioned in Lappeenranta – Merus Power's EUR 15 million delivery completed
Globenewswire· 2025-07-03 07:00
Core Insights - The completion of the energy storage facility in Lappeenranta, Finland, marks a significant milestone for Merus Power, being their largest manufactured energy storage facility with an output of approximately 38 megawatts and energy capacity of 43 megawatt hours [1][5][6] Company Overview - Merus Power operates as an EPC (Engineering, Procurement, and Construction) operator, providing comprehensive turnkey solutions, including energy storage systems, installation, commissioning, and network management [2] - The company specializes in innovative electrical engineering solutions, focusing on energy storage and power quality, facilitating the growth of renewable energy and improving energy efficiency [8] Industry Context - Energy storage facilities are crucial for the green transition, providing flexibility to manage fluctuations in renewable energy production and enabling the storage of electricity when available at low cost [6] - The demand for energy storage solutions is increasing in Finland, particularly as wind power capacity grows, making such assets critical for grid stability and reliability [5][7] Investment Insights - The energy storage facility represents Ardian Clean Energy Fund's first investment in battery energy storage in Finland, highlighting significant investment opportunities in the Nordic region for combining renewable energy generation with battery storage technology [5][7] - Ardian manages or advises $177 billion in assets globally, emphasizing its commitment to responsible investment and the development of sustainable energy projects [9]
The Beat With Ari Melber - July 2 | Audio Only
MSNBC· 2025-07-03 00:34
WELCOME TO THE BEAT. I'M ARI MELBER. JAMES CARVILLE IS HERE.WILL HE BE HOSTING THE SHOW THE WHOLE HOUR, CO-HOSTING. ONLY ONE WAY TO FIND OUT IS TO STAY WITH US. I'LL SEE YOU IN A SECOND, JAMES, WE'RE FOLLOWING BREAKING NEWS.WE ARE KEEPING AN EYE ON THE HOUSE WHERE THE BIG BILL IS HANGING IN THE BALANCE. HOUSE REPUBLICANS AT THIS MOMENT DO NOT HAVE THE VOTES TO GET THIS TRUMP BUDGET DEAL DONE. IT EXPLODES THE DEBT, IT CUTS HEALTHCARE.IT IS BY FAR THE MOST SIGNIFICANT THING IN THE TRUMP AGENDA THIS YEAR. IT G ...
X @The Wall Street Journal
The Wall Street Journal· 2025-07-02 15:58
The EU is pushing ahead with an ambitious new target for cutting greenhouse gas emissions, signaling a growing divide between the U.S. and the rest of the industrialized world https://t.co/VC3Yq5dWJ5 ...
Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop
CNBC Television· 2025-07-02 14:14
>> That's a small, small deal. >> Well, I'm just saying that buying that stuff that they like to buy. Yeah, all this stuff. >> All right.Speaking of which, Tesla is not a part, of course, of the new acronym from Jim, but they do have their delivery figures out for the second quarter, and Phil LeBeau has them for us. Phil, how are they looking. >> They're roughly in line with expectations.David. 384,122 vehicles delivered in the second quarter by Tesla, the consensus estimate on FactSet going into this morni ...
X @Elon Musk
Elon Musk· 2025-07-02 05:06
RT Chip Roy (@chiproytx)FACT: The Senate OBBB increases deficits and violates the terms of the budget deal in the House.FACT: The Senate OBBB guts the strong provisions to terminate the “green new scam” subsidies in the House bill.FACT: The Senate OBBB removes key provisions we put in the bill to stop illegal aliens from getting Medicaid.FACT: The Senate OBBB removes key provisions we put in the bill to stop taxpayer funding of transgender surgeries.FACT: We can amend it, send it back, fix it, & pass both t ...
X @Bloomberg
Bloomberg· 2025-07-02 04:22
Poland should continue to look at green bonds as a means of financing over the longer term after selling its first such securities in more than six years, according to the country’s debt chief https://t.co/Zs9hegZtdy ...
Jacobs to Deliver Program Management Services for India's Industrial Corridor Projects
Prnewswire· 2025-07-02 02:30
Core Viewpoint - The National Industrial Corridor Development Corporation Limited (NICDC) has appointed Jacobs as a Knowledge Partner to develop and manage 12 industrial corridors in India, aiming to transform the country's industrial landscape and enhance manufacturing capabilities, economic growth, and global competitiveness [1][4]. Group 1: Project Overview - The project will establish greenfield industrial smart cities across 10 states and six major corridors, utilizing undeveloped land to meet future demand [2]. - These cities will include pre-built base infrastructure to facilitate industrial development and promote sustainable operations through "walk-to-work" concepts [2][4]. - The initiative is expected to attract investments of approximately $18 billion and generate around 1 million direct jobs and up to 3 million indirect jobs [4]. Group 2: Jacobs' Role - Under a three-year contract, Jacobs will provide comprehensive program management services, including planning, design review, budgeting, monitoring, evaluation, reporting, documentation, and stakeholder coordination [3]. - Jacobs has a strong history of delivering significant projects in India, including the Aurangabad Industrial City and Smart City Masterplans for greenfield developments [5]. Group 3: Strategic Importance - The project emphasizes integrated development, sustainable infrastructure, and seamless connectivity, incorporating information and communication technologies to minimize environmental impact [4]. - Jacobs' involvement is seen as a continuation of its longstanding partnership with NICDC, leveraging decades of program management experience to support India's industrial transformation [4].
Ecopetrol S.A. obtains authorization from the Financial Superintendency of Colombia to amend its Local Public Bond and Commercial Paper Issuance and Placement Program
Prnewswire· 2025-07-01 23:36
Core Viewpoint - Ecopetrol S.A. has received authorization from the Financial Superintendency of Colombia to amend its bond issuance program, aligning it with the company's decarbonization and energy transition strategy while expanding capital market alternatives [1][2]. Group 1: Bond Issuance Program - The amendment formalized through Addendum No. 5 will be incorporated into the prospectus of Ecopetrol's local public bonds and commercial paper [2]. - Since the initial bond issuance in August 2013, totaling COP 900 billion, no additional issuances have occurred, allowing for potential future issuances up to COP 2.1 trillion [3]. - The company will inform the market of any future issuances under the program [3]. Group 2: Company Overview - Ecopetrol is the largest company in Colombia and a major integrated energy company in the Americas, employing over 19,000 people [4]. - The company is responsible for over 60% of Colombia's hydrocarbon production and holds leading positions in petrochemicals and gas distribution [4]. - Ecopetrol has expanded its operations internationally, with interests in strategic basins in the U.S., Brazil, and Mexico, and holds significant positions in power transmission in Brazil, Chile, Peru, and Bolivia [4]. Group 3: New Bond Features - The updated program will allow for the issuance of local public bonds linked to sustainable performance, including green, social, sustainable, and blue bonds [6]. - It will also enable bonds that allow in-kind payments by investors and the reopening of previous bond issuances [6]. - Additional features include bonds indexed to the UVR (Real Value Unit) and TRM (Representative Market Exchange Rate), as well as securities allocation through a book-building process [6].
建博会7月8日在广交会展馆开幕!今年新增智能照明展区
Nan Fang Du Shi Bao· 2025-07-01 12:09
同时聚焦AI主题,展会期间将举办第四届鲁班建筑装饰节及第二届家居AI设计大会,其中"建筑重构·AI 向新"论坛将邀请香港科技大学(广州)信息枢纽院长陈雷教授分享人工智能革新与未来机遇,来自建 筑行业的设计师、专家学者将围绕建筑与AI的实践与创新进行探讨。 采写:南都·湾财社记者 黄驰波 展会集结产业链头部企业,华为、海信、博世等品牌首次参展,室内空间生态汇聚欧派、索菲亚、联 塑、源氏木语、志邦、金牌、TATA、玛格、百得胜、科凡等领军品牌,以及德琅、奢匠、品桎等新锐 品牌,门窗户外板块汇聚皇派、沃伦、派雅、新豪轩等代表性品牌。 展会期间将举办70场活动,探讨建筑设计与AI的发展机遇 为邀请全球买家,展会前期举办了5场国际路演。展期将围绕智能AI、全球出海、绿色低碳、局旧改、 设计美学、跨界融合等话题,举办超70场活动。亮点包括"高端住宅设计趋势展2025",著名设计师吴 滨、吕永中及SHoP、SAOTA等知名建筑设计事务所将参与,聚焦高净值人群的居住解决方案。 由中国对外贸易中心集团有限公司、中国建筑装饰协会主办的第27届中国建博会(广州),将于7月8日 在广交会展馆开幕。南都湾财社记者从主办方获悉,今年展会 ...
Safe and Green Development Announces Two Sites Appraised at $9.9 Million
Globenewswire· 2025-07-01 12:00
Core Viewpoint - Safe and Green Development Corporation announced the results of two independent appraisals, indicating a combined valuation of $9.9 million for its properties in Lago Vista, Texas, and Durant, Oklahoma, which underscores the strength of its real estate portfolio and development strategy [1][2]. Group 1: Appraisal Results - The Lago Vista property, a 58.82-acre lakefront development site, was appraised at $6.4 million as of June 12, 2025 [6]. - The Durant property, a 113.20-acre site with both residential and industrial zoning, was appraised at $3.5 million as of June 16, 2025 [6]. - The combined valuation of both properties reflects meaningful value across the Company's real estate portfolio, totaling $9.9 million [1]. Group 2: Financial Position - The properties have an associated mortgage loan with a principal balance of approximately $6 million, resulting in net positive equity of approximately $3.9 million [2]. - The Company is exploring monetization options for both properties and will provide updates as progress is made [2]. Group 3: Company Overview - Safe and Green Development Corporation focuses on acquiring and investing in properties across the U.S. for future development into green housing projects [4]. - The Company owns Resource Group US Holdings LLC, which operates an organics processing facility and is expanding into sustainable potting media production [4]. - The Company also owns Majestic World Holdings LLC, which has developed a real estate AI platform to enhance transaction efficiency and increase margins on home sales [4].