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Ameresco Receives Frost & Sullivan's 2025 Global Company of the Year Award for Excellence in Energy Services
Prnewswire· 2025-07-01 12:05
Core Insights - Ameresco has been awarded the 2025 Global Company of the Year Award in the energy services industry for its achievements in customer-driven innovation and strategic execution [1][6] - The company excels in visionary innovation and customer impact, aligning its growth strategy with dynamic customer needs while providing scalable energy solutions [2][6] - Ameresco's focus on energy solutions integration, including solar, battery, biogas, and microgrids, provides a competitive advantage in transitioning energy markets [2][5] Company Overview - Founded in 2000, Ameresco is a leading energy solutions provider focused on helping customers reduce costs, enhance resilience, and achieve net-zero decarbonization [10] - The company offers a comprehensive portfolio that includes energy efficiency solutions, infrastructure upgrades, and distributed energy resource development [10] - Ameresco operates in North America and Europe, employing over 1,500 staff to provide local expertise [10] Innovation and Services - Innovation is central to Ameresco's approach, offering an end-to-end suite of services that includes energy audits, technical design, project financing, implementation, and long-term maintenance [4] - The use of Energy Savings Performance Contracts (ESPCs) allows clients to implement large-scale energy upgrades with guaranteed performance outcomes, often structured to be budget-neutral or cost-saving over time [4][5] - The company's vendor-agnostic model enables tailored solutions to meet specific project goals and energy sources, enhancing customer satisfaction [5] Market Position and Recognition - Frost & Sullivan commends Ameresco for setting a new standard in the energy services industry, blending technical depth, financial innovation, and customer-centric service delivery [6] - The company's growth trajectory and expanding customer base reflect market confidence and the proven value delivered to clients [6][7] - The Company of the Year Award recognizes Ameresco's outstanding strategy development and implementation, resulting in measurable improvements in market share and customer satisfaction [7]
Nokia’s new energy innovation venture Enscryb secures partner and first two customers
Globenewswire· 2025-07-01 11:00
Core Insights - Nokia has launched a new energy innovation venture called Enscryb, which has partnered with NODES and secured two customers, Nanuq and Smartecon [1][8] - Enscryb provides a digital toolbox for real-time distributed energy flexibility orchestration, enabling accurate financial modeling for renewable energy projects [2][3] - The venture aims to contribute to sustainability by reducing energy expenses and increasing grid resiliency, aligning with Nokia's commitment to sustainable business practices [3] Company Overview - Enscryb is a digital platform that utilizes technology from Nokia Bell Labs to simulate electricity systems of varying sizes and complexities, focusing on energy flexibility forecasting [2][8] - NODES is an energy trading company that facilitates the trading of flexibility resources and Distributed Energy Resources (DERs), supporting the development of energy flexibility markets [4] - Nanuq specializes in charging infrastructure, helping industrial customers transition to electrified fleets by optimizing local generation resources and charge points [5] - Smartecon is a pan-Baltic EPC company focused on utility-scale renewable energy projects, assisting in the development of solar, battery, and hybrid power plants [6][12] Strategic Partnerships - The collaboration between Enscryb and NODES aims to enhance the flexibility market by optimizing investment decisions and operations for Distributed Energy Resources [7] - Enscryb's partnership with Nanuq and Smartecon is expected to deliver actionable insights and improve planning and performance in renewable energy systems [7][8]
CalEthos Announces TerraVolt Infrastructure: A Geothermal-Powered Infrastructure Solution for Hyperscalers, Colocation Providers, and Data Center Developers.
Globenewswire· 2025-06-30 10:00
Tustin, CA, June 30, 2025 (GLOBE NEWSWIRE) -- CalEthos Inc., (OTCQB:GEDC), (“CalEthos” or the “Company”), today announced the formation of TerraVolt Infrastructure Inc. (TerraVolt), a subsidiary that was recently established to meet the escalating demand for sustainable, baseload, clean energy solutions for AI infrastructure and large-scale data centers. TerraVolt’s solution is an innovative Infrastructure-as-a-Service (IaaS) Platform that will integrate behind-the-meter geothermal power plants with pre-per ...
Southern's Units Expand RNG Portfolio, Boost Clean Energy Goals
ZACKS· 2025-06-26 13:06
Core Insights - Southern Company's subsidiaries, Virginia Natural Gas and Chattanooga Gas, have made significant renewable natural gas (RNG) purchases, aiming to reduce carbon emissions and enhance energy sustainability [1][8] - The RNG purchases are projected to prevent approximately 18,978 metric tons of CO2 equivalent emissions, equivalent to the carbon absorption of nearly 19,036 acres of U.S. forest in a year [1][10] Renewable Natural Gas Overview - Renewable natural gas is produced by capturing methane emissions from decomposing organic materials, significantly lowering overall greenhouse gas emissions [2][11] - RNG's compatibility with existing natural gas infrastructure allows utilities to reduce their carbon footprint without major equipment changes [2][12] Strategic Commitment to Clean Energy - Southern Company Gas is committed to achieving net-zero direct greenhouse gas emissions from operations by 2050, as stated by executive vice president Bryan Batson [3][14] - The recent RNG transactions reflect a consistent commitment to cleaner energy alternatives, setting an example for other utilities [4][13] Policy Support for RNG Growth - Legislative frameworks in Virginia and Tennessee, such as the Virginia Energy Innovation Act and the Natural Gas Innovation Act, support the development and integration of RNG [5][6] - These policies enable utilities to recover costs associated with innovative natural gas solutions, facilitating investments in RNG [6] Collaborative Efforts and Future Projects - Virginia Natural Gas is collaborating with the Hampton Roads Sanitation District to convert biogas from organic waste into RNG for local distribution [7][9] - This initiative exemplifies the potential of transforming organic waste into a clean energy resource while reducing methane emissions [9] Environmental Impact - The environmental benefits of RNG purchases are substantial, with the potential to significantly reduce greenhouse gas emissions and contribute to climate change mitigation [10][11] - Capturing methane and repurposing it into RNG is a key strategy for utilities transitioning away from fossil fuels while maintaining energy reliability [11] Seamless Transition to Sustainable Energy - RNG's compatibility with existing infrastructure allows customers to benefit from cleaner fuel without needing to replace appliances or modify pipelines, facilitating widespread adoption [12] - Continued investment in RNG positions Southern Company's subsidiaries as leaders in natural gas innovation and sustainability [13][15] Future Outlook - Southern Company's RNG purchases signal a strategic shift towards sustainable energy portfolios that prioritize environmental impact while ensuring service reliability [14][16] - The proactive approach to RNG demonstrates the potential for renewable natural gas to transform the energy landscape and set benchmarks for utilities nationwide [16]
NuScale Power vs. Centrus Energy: Which Nuclear Stock Has an Edge Now?
ZACKS· 2025-06-25 16:35
Core Insights - NuScale Power and Centrus Energy are significant contributors to the advanced nuclear technology sector, with NuScale focusing on small modular reactors (SMRs) and Centrus specializing in High-Assay Low-Enriched Uranium (HALEU) enrichment [1][2] Market Overview - The global SMR market was valued at $5.81 billion in 2024 and is projected to reach $8.37 billion by 2032, growing at a CAGR of 4.98% from 2025 to 2032 [2] NuScale Power Insights - NuScale Power is experiencing growth due to advancements in SMR technology and an expanding partner base, including major tech companies and financial institutions [4][7] - The increasing energy demand, particularly from data centers, is a significant growth driver for NuScale Power, as these centers are expected to triple their energy use over the next three years [5][6] - NuScale Power's technology is well-positioned to meet the energy needs of hyperscale data centers, which are projected to account for 12% of U.S. electricity consumption by 2028 [6] Centrus Energy Insights - Centrus Energy is benefiting from rising demand for nuclear fuel, especially HALEU, and has secured a contract extension with the U.S. Department of Energy for HALEU production through June 30, 2026 [8][9] - The Department of Energy's support for HALEU highlights the growing demand for this type of uranium, which is crucial for advanced reactors [8] Financial Performance - Centrus Energy's 2025 EPS estimate increased by 9.2% to $3.53, while NuScale Power's estimate reflects a loss of 41 cents [11] - Year-to-date, NuScale Power's shares have appreciated by 141.2%, while Centrus Energy shares surged by 188.2% [12] - Valuation metrics indicate that both SMR and LEU shares are currently overvalued, with SMR trading at a Price/Sales ratio of 119.46X compared to LEU's 7.23X [15] Conclusion - Both NuScale Power and Centrus Energy are positioned to benefit from the nuclear energy boom, but Centrus Energy appears to have a stronger earnings potential and demand for nuclear fuel, particularly HALEU [19]
Southern Company Gas expands clean energy portfolio with new renewable natural gas agreements for its Virginia and Tennessee subsidiaries
Prnewswire· 2025-06-25 15:45
Core Viewpoint - Southern Company Gas subsidiaries, Virginia Natural Gas and Chattanooga Gas, have made renewable natural gas (RNG) purchases that are expected to avoid 18,978 metric tons of CO₂e emissions, equivalent to the carbon sequestered by 19,036 acres of U.S. forests in one year [1] Group 1: Renewable Natural Gas (RNG) Overview - RNG is produced from naturally occurring methane from landfills, agricultural waste, wastewater, and food waste, significantly reducing greenhouse gas emissions by capturing methane before it enters the atmosphere [2] - RNG is compatible with existing natural gas infrastructure and appliances, facilitating a transition to a more sustainable energy source [2] Group 2: Company Initiatives and Goals - Southern Company Gas aims to deliver cleaner fuels as part of its commitment to sustainability, with a goal of achieving net-zero direct greenhouse gas emissions from operations by 2050 [3] - The recent RNG purchases are part of a broader initiative to support emission reduction efforts and follow the company's first RNG purchases in 2023 [3] Group 3: Legislative Support - The RNG deal is supported by policies in Virginia and Tennessee, including Virginia's Energy Innovation Act and Sustainable Gas Program, which encourage RNG production and delivery [4] - Tennessee's Natural Gas Innovation Act allows natural gas utilities to pursue cleaner energy options and reflect innovative natural gas costs in their pricing [4] Group 4: Future Projects - Virginia Natural Gas has announced a collaboration with the Hampton Roads Sanitation District to create a facility that will convert biogas from organic waste into RNG [4]
Ormat Announces the Completion of Its Acquisition of the Blue Mountain Geothermal Power Plant From Cyrq Energy
Globenewswire· 2025-06-18 12:40
Core Viewpoint - Ormat Technologies, Inc. has successfully acquired the Blue Mountain geothermal power plant for $88 million, enhancing its renewable energy portfolio and generating capacity [1][2][3] Group 1: Acquisition Details - The acquisition involved 100% equity interest in the 20MW Blue Mountain geothermal power plant located in Nevada [1][2] - The plant currently operates under a Power Purchase Agreement (PPA) with NV Energy, which is set to expire at the end of 2029 [2] - Ormat plans to upgrade the plant's capacity by approximately 3.5MW and is considering adding a 13MW solar facility, pending necessary approvals [2][3] Group 2: Strategic Implications - The acquisition is part of Ormat's strategy to enhance its generation capacity and revenue potential through upgrades and new projects [3][6] - The overall transaction was financed through bank debt, indicating a strategic financial approach to support growth [2] Group 3: Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over 60 years of experience, focusing on geothermal and recovered energy generation [4] - The company has a total generating portfolio of 1,558MW, including 1,268MW from geothermal and solar sources globally [4][6] - Ormat is also expanding into energy storage services and solar photovoltaic (PV) solutions, aiming to establish a strong position in the U.S. energy storage market [4]
TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioenergy Collaboration
Globenewswire· 2025-06-18 10:00
Core Insights - TMD Energy Limited (TMDEL) has entered into a Memorandum of Agreement (MOA) with Double Corporate Sdn Bhd to explore strategic collaboration in the bioenergy sector for the EU and Asia markets [1][2] - This partnership aims to expand TMDEL's presence in sustainable and alternative fuel energy sectors, focusing on bioenergy sustainable fuel solutions [2][4] - Double Corporate specializes in waste-based bioenergy, converting waste into sustainable fuels and lubricants using ISCC-EU-approved technology, with expertise in sustainable aviation fuel (SAF) and sustainable marine fuel (SMF) [3][5] Agreement Details - The MOA establishes a one-year exclusivity period for negotiations, which can be extended by mutual consent, with both parties prioritizing the finalization of definitive agreements within this window [4] - The collaboration aligns with TMDEL's vision for sustainable business and fuel innovation, emphasizing a circular-economy approach [4] Company Profiles - TMD Energy Limited operates in marine fuel bunkering services, supplying various types of marine fuel oil and providing ship management and chartering services, with operations in 19 ports across Malaysia and a fleet of 15 bunkering vessels [6] - Double Corporate is a certified Malaysian bioenergy leader focused on converting waste into sustainable fuels, with a high-yield refining process that minimizes waste and energy consumption [5]
Barclays CEO: Can't get out of oil overnight #shorts #barclays #wealth #climatechange #oil #energy
Bloomberg Television· 2025-06-17 20:41
Many banks have adopted policies that were kind of to promote uh the idea that we should do something about climate change. Now the US United States government seems to be not recognizing climate change. Has it changed your policies at all in the way you look at climate change or you're not really that involved in that issue. So look, we are involved in that issue.We are a very large we're the largest investment bank outside of the US. So we've always had a presence in the US including a presence in the ene ...
TETRA TECHNOLOGIES, INC. TO HOST INVESTOR DAY ON SEPTEMBER 25, 2025, AT THE NEW YORK STOCK EXCHANGE
Prnewswire· 2025-06-10 20:30
Core Insights - TETRA Technologies, Inc. will host an Investor Day on September 25, 2025, at the New York Stock Exchange to outline its strategic objectives and growth initiatives for the next five years [1][3] - The company has received the 2025 Hart Energy Special Meritorious Engineering Award for its TETRA Oasis Total Desalination Solution, recognizing its innovative contributions to sustainable water management [4] Company Overview - TETRA Technologies, Inc. operates globally across six continents, focusing on environmentally conscious services and solutions in energy services, industrial chemicals, and critical minerals [5] - The company is expanding into the low-carbon energy market, leveraging its chemistry expertise and mineral resources to meet the demand for sustainable energy [5] Investor Day Details - The Investor Day will provide insights into TETRA's operational achievements and technical strengths in fluid chemistry solutions, particularly for energy and industrial chemicals [2] - The event will include a Q&A session and showcase videos of TETRA's latest innovations and R&D efforts from its Technology Center in Conroe, Texas [2]