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STMicroelectronics announces timing for third quarter 2025 earnings release and conference call
Globenewswire· 2025-10-03 13:00
STMicroelectronics announces timing for third quarter 2025 earnings release and conference call   Geneva – October 3, 2025 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced that it will release third quarter 2025 earnings before the opening of trading on the European Stock Exchanges on October 23, 2025. The press release will be available immediately after the release on the Company’s website at www.st.com. STMicroele ...
MUX Advances Los Azules Project With RIGI Approval & IFC Partnership
ZACKS· 2025-09-29 16:46
Key Takeaways MUX gained the RIGI approval for Los Azules, affirming its technical strength and sustainability focus.A new IFC partnership aligns the project with global standards and financing opportunities.Los Azules targets carbon neutrality by 2038 and $30B in export revenues for Argentina.McEwen Inc. (MUX) announced that its subsidiary McEwen Copper's fully owned Los Azules copper project has been included in Argentina’s Large Investment Incentive Regime (“RIGI”). This move validates the project’s tech ...
Edf: EDF announces the success of its green hybrid bond issue for a nominal amount of 1.25 billion euros
Globenewswire· 2025-09-29 16:04
Core Viewpoint - EDF successfully issued a green hybrid bond of €1.25 billion to finance its strategy for achieving carbon neutrality by 2050 [1][2]. Group 1: Financial Details - The new issuance consists of green perpetual subordinated notes with an initial coupon rate of 4.375% until 2031 and a first call date at EDF's discretion after 5.5 years [1][3]. - The expected ratings for the new notes are B+/Ba1/BBB- from S&P, Moody's, and Fitch, respectively, with an equity content of 50% [3]. Group 2: Strategic Objectives - The net proceeds from the bond will be used to finance investments aligned with EDF's Green Financing Framework, particularly for extending the lifetime of existing nuclear reactors in France [2]. - EDF aims to contribute to carbon neutrality by 2050, with the carbon intensity of its nuclear power plants being 4gCO²/kWh [2]. Group 3: Company Overview - EDF is a leading player in the energy transition, focusing on power generation, distribution, trading, and energy services, with a significant output of 520TWh, 94% of which is decarbonized [6]. - The company serves approximately 41.5 million customers and reported consolidated sales of €118.7 billion in 2024 [6].
Jiuzi Holdings, Inc. Announces Pricing of $5.5 Million Registered Direct Offering and Concurrent Private Placement
Globenewswire· 2025-09-29 13:25
Core Viewpoint - Jiuzi Holdings, Inc. has entered into a securities purchase agreement for a registered direct offering of 9,220,000 shares and a concurrent private placement of unregistered warrants to purchase up to 18,440,000 shares, with a combined offering price of $0.60 per share and warrant [1][2]. Group 1: Offering Details - The total gross proceeds from the offering are estimated to be $5.5 million before deducting fees and expenses, with the closing expected around September 30, 2025 [2]. - The company plans to allocate approximately 70% of the proceeds to invest in cryptocurrency assets [2]. - Maxim Group LLC is acting as the sole placement agent for the offering [3]. Group 2: Regulatory Information - The ordinary shares are being offered under a shelf registration statement declared effective by the SEC on December 14, 2022, and will be made available through a prospectus supplement [4]. - The warrants issued in the private placement are not registered under the Securities Act or applicable state laws [5]. Group 3: Company Overview - Jiuzi Holdings, Inc. specializes in smart charging infrastructure for new energy vehicles in China's lower-tier cities, focusing on high-power DC fast-charging stations and integrated energy storage systems [7]. - The company aims to expand its intelligent charging network through 2026, contributing to carbon neutrality and sustainable transportation [7]. - The recent expansion into cryptocurrency asset investments is part of the company's strategy to strengthen its balance sheet and diversify its capital structure [7].
AI emissions putting Big Tech’s 2030 emissions targets at risk
Yahoo Finance· 2025-09-29 09:10
The 2030 emissions targets set a number of Big Tech companies are at risk due to the growing power demands of artificial intelligence (AI), according to a new report. The second edition of GlobalData’s ESG Executive Briefing states that carbon offset purchases are ramping up and that 2030 net-zero targets “are just about still achievable.” However, it adds that, while AI-fuelled emissions growth has begun to slow, Big Tech’s announced capital expenditure plans suggest this will be temporary, with data cen ...
Hyundai Mobis Accelerates 2030 GHG Reduction Targets
Prnewswire· 2025-09-24 12:00
Core Points - Hyundai Mobis has set new greenhouse gas (GHG) reduction targets for 2030, achieving approval from the Science Based Targets initiative (SBTi) [1][2][4] - The company aims for a 46% reduction in absolute Scope 1 and 2 GHG emissions by 2030, compared to 2019 levels, and a 55% reduction in Scope 3 emissions per million KRW of value added [5][10] - The approval from SBTi is expected to enhance Hyundai Mobis' competitiveness in global orders, particularly in the electric vehicle sector [6][10] GHG Reduction Strategy - Hyundai Mobis' GHG reduction plan aligns with global sustainability policies and is a step towards achieving carbon neutrality by 2045 [2][4] - The company plans to increase the share of renewable energy used at its facilities to 65% by 2030 and 100% by 2040, implementing the RE100 initiative [7][12] - Efforts include installing solar power generation facilities at key sites in Korea and expanding installations overseas [8][9] Supply Chain Management - Hyundai Mobis is supporting partners in systematizing GHG management and expanding the purchase of low-carbon raw materials [10][11] - The company has broadened its supply chain scope to include overseas partners for GHG emissions verification [10] Corporate Vision - The company has declared a vision of "Green Transformation to 2045 Net-Zero," establishing a roadmap for environmental management [12] - Regular reporting of renewable energy transition targets and performance is conducted to strengthen implementation efforts [12]
Newsom Folds, Greenlights Domestic Oil Production In California
ZeroHedge· 2025-09-17 23:15
Core Points - California is facing an affordability crisis, with a potential 75% increase in gas prices, prompting state legislators to send a package of bills to Governor Gavin Newsom aimed at addressing energy costs, fuel supply, and pollution [1][3] - The legislation includes SB 237, which facilitates drilling in California's Central Valley, the state's largest oil reserve, by temporarily exempting drilling from environmental review, allowing for up to 2,000 new well drilling permits annually [4][5] - The bills reflect a shift in California's energy policy, balancing the need for increased domestic oil production with ongoing climate goals, as the state grapples with refinery closures and a reliance on imported fuels [6][12] Legislative Actions - Governor Newsom announced a deal with state lawmakers to implement reforms that will lower electric bills, stabilize gas supply, and reduce air pollution while promoting a transition to a clean economy [3] - The legislation aims to address the mismatch between supply and demand for transportation fuels, which threatens California's transition to carbon neutrality [5][6] - Bipartisan support for the measures indicates a recognition of the economic pressures faced by Californians, with some lawmakers framing the bill as a necessary compromise to prevent an economic crisis [9][10] Industry Impact - The closure of refineries, including Valero and Phillips 66, has significant economic implications, including a projected loss of $1.6 billion in employee compensation and $400 million in annual economic activity for local communities [12][11] - The legislation is seen as a way to stabilize the oil market, create jobs, and prevent price spikes due to international market volatility, while also increasing restrictions on offshore drilling [13][14] - California's stringent regulations on oil and gas production are juxtaposed with the need for increased domestic crude oil supply to meet in-state refinery demand [15][16] Environmental Considerations - Environmental justice organizations have criticized the bills for potentially undermining protections for vulnerable communities, expressing concerns that the legislation prioritizes industry profits over environmental health [27][29] - The Kern County Environmental Impact Report (EIR) aims to ensure that oil extraction does not increase carbon output, with proponents arguing that the region can contribute to both fossil fuel and renewable energy production [26][25] - The ongoing legal battles and regulatory restrictions have historically hindered oil production in California, leading to a decline in domestic supply relative to demand [14][5]
Mitsubishi Electric to take full ownership of Nozomi Networks in $883m deal
Yahoo Finance· 2025-09-10 11:06
Mitsubishi Electric is set to fully acquire Nozomi Networks, a US-based provider of operational technology security solutions, in a deal worth $883m. Currently, Mitsubishi Electric holds a 7% stake in Nozomi Networks. The transaction, anticipated to close this year, is contingent upon regulatory approvals and customary conditions. By integrating Nozomi Networks’ advanced intrusion detection and visualisation technologies, Mitsubishi Electric aims to accelerate its Serendie digital platform and its assoc ...
Renault Group appoints François Provost as Chief Executive Officer and Director
Globenewswire· 2025-07-30 15:35
Company Leadership - Renault Group has appointed François Provost as Chief Executive Officer and Chairman, effective July 31, 2025, for a term of four years [1] - François Provost has 23 years of experience within the Group, previously serving as Chief Procurement, Partnerships and Public Affairs Officer, and has held various executive roles across Europe and Asia [2][4] Strategic Vision - The Board of Directors expressed confidence in François Provost's ability to lead the Group through a rapidly changing industry, emphasizing the need for strategic vision and innovation [3] - Provost highlighted the Group's strong fundamentals, including committed teams, a diverse product range, and an innovative organizational model, which will support its transformation in a demanding environment [3][4] Company Performance - Renault Group sold 2.265 million vehicles in 2024 and employs over 98,000 people, focusing on sustainable and innovative mobility solutions [6] - The Group aims to achieve carbon neutrality in Europe by 2040, aligning with environmental challenges and emphasizing the development of new technologies and electrified vehicles [7]
Toyota Indiana Celebrates 1-Millionth Hybrid
Prnewswire· 2025-06-12 15:00
Core Insights - Toyota Indiana celebrates the production of its 1-millionth hybrid vehicle, a 2025 Toyota Sienna Platinum, marking a significant achievement for the plant and its workforce [1][3] - The Sienna has been produced at Toyota Indiana since 2003 and is recognized for its fuel efficiency, with an EPA-estimated 36 combined mpg rating [1] - The Sienna was recently awarded the top spot in the 2025 J.D. Power Vehicle Dependability Study in the minivan segment, highlighting its reliability and customer satisfaction [2] Company Performance - In May, Sienna sales increased by over 95% year-over-year, contributing to nearly half of Toyota's total sales volume for electrified vehicles [3] - Toyota Indiana represents an $8 billion investment and has contributed over $54 million to local organizations since its establishment in 1996 [4] Electrification Commitment - The all-hybrid Sienna reflects Toyota's commitment to electrification and is part of a broader strategy to achieve carbon neutrality by 2050 [3] - Toyota employs nearly 48,000 people in the U.S. and has produced over 35 million vehicles across its 11 manufacturing plants [6] - The company plans to begin manufacturing automotive batteries for electrified vehicles at its North Carolina plant in spring 2025 [6] Community Engagement - Toyota has launched a tour booking platform to inspire the next generation in advanced manufacturing, allowing virtual and in-person tours of its U.S. manufacturing facilities [7]