Diana Olick: Despite its name, Schneider Electric does not generate electricity. It's an energy management company mixing electrification and digitization together so customers like Nvidia know exactly where their energy is consumed and can then optimize in real time their energy usage. I sat down with company chairman Jean-Pascal Tricoire, who has been with Schneider nearly 40 years, but says he has never seen a revolution in energy technology like he's seeing now.Jean-Pascal Tricoire: AI is a revolution o ...

Diana Olick: Despite its name, Schneider Electric does not generate electricity. It's an energy management company mixing electrification and digitization together so customers like Nvidia know exactly where their energy is consumed and can then optimize in real time their energy usage. I sat down with company chairman Jean-Pascal Tricoire, who has been with Schneider nearly 40 years, but says he has never seen a revolution in energy technology like he's seeing now.Jean-Pascal Tricoire: AI is a revolution o ...

Financial Performance and Guidance - ONEOK's 2025 adjusted EBITDA guidance is \$8.225 billion at the midpoint of the \$8 billion to \$8.45 billion range[14, 23, 25] - The company is targeting 3%-4% annual dividend growth and a dividend payout ratio of approximately 85% or lower[31] - ONEOK returned approximately \$2.5 billion to shareholders in 2024 through dividends and share repurchases and is targeting to return approximately 75-85% of forecasted cash flow from operations[32] - Second quarter 2025 adjusted EBITDA was approximately \$2 billion[47] Business Segments and Operations - Natural Gas Liquids contribute 37% to the adjusted EBITDA[14] - Natural Gas Gathering and Processing contribute 28% to the adjusted EBITDA[14] - Refined Products and Crude contribute 27% to the adjusted EBITDA[14] - Natural Gas Pipelines contribute 8% to the adjusted EBITDA[14] - The company's pipeline network spans approximately 60,000 miles[5, 11] Synergies and Growth Projects - Magellan synergies are expected to be over \$350 million realized by the end of 2025[27] - EnLink and Medallion synergies are expected to be over \$125 million realized by the end of 2025[29] - The Texas City Logistics Export Terminal JV is a 400,000 bpd LPG export terminal expected to be completed in early 2028[33, 61]

Core Insights - Terra Innovatum has signed a memorandum of understanding with RAIT 88 to collaborate on the commercialization of its SOLO™ micro-modular nuclear reactor for defense and civilian applications [1][3][8] Company Overview - Terra Innovatum specializes in developing micro-modular nuclear reactors, aiming to provide scalable and safe energy solutions [9][10] - The SOLO™ reactor is designed to address global energy shortages and is expected to be available globally within the next three years [11] Strategic Partnership - The partnership with RAIT 88 aims to leverage its extensive NATO network to position SOLO™ as a reliable energy solution for mission-critical environments [3][6] - The agreement includes business development opportunities across defense, civil energy, and governmental sectors, enhancing the deployment and operation of the SOLO™ reactor [6][8] Technological Integration - RAIT 88 will integrate advanced simulation and cutting-edge technologies to improve the operational readiness and deployment of the SOLO™ reactor [6][8] - Both companies are exploring the creation of interactive training programs for operators and safety personnel, aligning with international nuclear regulatory standards [7][8] Market Potential - The partnership is expected to facilitate commercial negotiations for projects across Europe and Asia, potentially totaling over 1 GWe of capacity [3][8] - SOLO™ is designed for versatile applications, including CO2-free power solutions for data centers, remote towns, and industrial operations in hard-to-abate sectors [12]

Core Insights - Hybrid Power Solutions Inc. has entered a strategic distribution agreement with Kiikew Renewables Corp. to enhance access to its Batt Pack Energy units for carbon-free power solutions in mining, construction, and remote projects [1][3] - Kiikew specializes in hybrid renewable power and aims to help businesses transition off diesel infrastructure, aligning with both companies' commitments to sustainability and innovation [2][3] - The partnership is expected to drive immediate interest for Hybrid Power Solutions through Kiikew's established sales and rental network, opening opportunities for joint projects in hybrid power deployments [3] Company Overview - Hybrid Power Solutions Inc. is a Canadian clean energy innovator focused on developing portable power systems that eliminate the need for fossil fuels in off-grid and remote applications [5] - Kiikew Renewables Corp. is an Indigenous-led company dedicated to sustainable technology, delivering carbon-free power solutions for various sectors including mining and construction [4]

Core Viewpoint - Terra Innovatum Srl is advancing its micro-modular nuclear reactor technology and is in the process of merging with GSR III Acquisition Corp, with a shareholder vote scheduled for October 7, 2025, to approve the business combination [1][4]. Company Overview - Terra Innovatum is focused on developing the SOLO™ micro-modular nuclear reactor, targeting commercialization by 2028, and has made significant progress by securing a deployment site and partnerships for component and fuel manufacturing [5][10]. - The company aims to provide scalable, safe, and environmentally friendly nuclear power solutions, addressing global energy shortages with innovative technology [10][11]. Business Combination Details - GSR III Acquisition Corp will hold an extraordinary general meeting on October 7, 2025, to vote on the proposed business combination with Terra Innovatum [2][6]. - If approved, the combined entity will operate under the name Terra Innovatum and its shares are expected to trade on Nasdaq under the ticker symbol "NKLR" [4]. Technology and Product Features - The SOLO™ reactor utilizes proliferation-resistant low-enriched uranium (LEU) fuel, ensuring safety and global deployment without reliance on experimental fuels [7]. - The reactor is designed with inherent safety features to prevent meltdowns and hydrogen explosions, and it can be manufactured in a factory setting for efficient deployment [7][12]. - SOLO™ is compact, requiring minimal space, and can be deployed in various settings, including industrial hubs and remote areas, with flexible grid integration options [7][12]. Market Applications - SOLO™ is positioned to provide CO2-free power solutions for diverse applications, including data centers, remote towns, and large-scale industrial operations in sectors like cement, oil and gas, and steel manufacturing [12]. - The reactor also has the capability to produce medical radioisotopes, contributing to oncology research and cancer treatment [12].

Core Insights - The Pulau Indah Power Plant is a significant advancement in Malaysia's energy sector, showcasing collaboration between federal and state levels to achieve energy security and sustainable growth [1][2][3] - The project is part of Malaysia's National Energy Transition Roadmap, emphasizing the shift from coal to cleaner energy sources [2][3] - The plant, with a capacity of 1,200 megawatts, utilizes advanced turbine technology to lower emissions and supports future expansions in solar, hydro, and hydrogen energy [3][5] Project Details - The Pulau Indah Power Plant is a combined-cycle gas turbine facility located in Pulau Indah, owned by a joint venture between Worldwide Holdings Berhad and Korea Electric Power Corporation [5][6] - The plant commenced commercial operations on March 1 under a 21-year Power Purchase Agreement with Tenaga Nasional Berhad, creating over 2,500 job opportunities during its development [5] - The project is situated on a 60-acre reclaimed site and is classified as a High-Impact Project under the First Selangor Plan [6] Future Directions - The Deputy Prime Minister encouraged further exploration of opportunities in hydrogen and floating solar technologies, as well as green power purchase agreements to enhance sustainability [4] - The project is seen as a foundation for developing an energy ecosystem that aligns with global sustainability standards [4]

Core Viewpoint - TMD Energy Limited reported a significant decline in revenue and net loss for the six-month transition period ending June 30, 2025, primarily due to challenges in the bunkering service segment and broader economic disruptions [1][3][6]. Financial Performance Overview - The company generated total revenue of $276.3 million for 6M2025, a decrease of 22.7% or $81.2 million compared to $357.5 million in 6M2024, largely attributed to a decline in bunkering service sales [3][8]. - The volume of oil cargo bunkered fell by approximately 11.2%, from 578,614 metric tons in 6M2024 to 514,025 metric tons in 6M2025, due to a tariff crisis and weaker global consumption [3][8]. - Gross profit margin decreased by 0.2% to 1.4% for 6M2025, down from 1.6% in 6M2024, primarily due to higher operational expenses in oil bunkering services [4][8]. - The company recorded a net loss of $4.5 million for 6M2025, compared to a net income of $1.1 million in 6M2024, influenced by foreign exchange losses and increased interest expenses [5][8]. Strategic Business Expansion - The company aims to optimize fleet deployment and expand its portfolio of high-margin ship-management contracts while enhancing cost efficiencies through digital tools and automation [7]. - TMDEL achieved International Sustainability and Carbon Certification (ISCC EU) as a biofuel supplier, reinforcing its commitment to low-carbon shipping and compliance with EU sustainability standards [9]. - The company announced a strategic expansion into oil waste collection, aiming to diversify revenue streams by processing sludge oil and used cooking oil into biodiesel [10]. - A Memorandum of Agreement was signed with a Malaysian bioenergy firm to explore collaboration in the EU and Asia markets, marking a step towards expanding into sustainable fuel energy sectors [11].

Core Viewpoint - TruAlt Bio Energy is raising ₹750 crore through its IPO, with significant allocations for working capital, plant conversion, and corporate purposes, while promoters will reduce their stake to 70.6% post-IPO [1] Financial Overview - The IPO is priced at ₹496, representing 24 times FY25 earnings on a pre-dilution basis, which is a 20% discount compared to peers like Triveni Engineering and Praj Industries [2] - TruAlt has experienced a 56% growth in revenue and a 64% increase in EBITDA for FY25, leading to an EBITDA margin improvement of 0.84 percentage points to 16.2% [5] Operational Capacity - TruAlt has the largest ethanol capacity in India at 2,000 KLPD across five manufacturing units in Karnataka [4] - The company is converting its Ethanol Unit-4 into a dual feed plant, increasing its total dual feed capacity to 1,300 KLPD, which is 65% of its total capacity [6] Strategic Initiatives - The company is expanding its compressed biogas (CBG) business, which has grown to ₹23 crore in FY25, and is collaborating with GAIL to set up multiple CBG units [8] - TruAlt is also exploring partnerships for second-generation ethanol and sustainable aviation fuel, as well as green hydrogen projects [9] Revenue Diversification - Revenue from Extra-Neutral Alcohol has increased from 7% in FY23 to 16% in FY25, helping to mitigate risks associated with government control in the ethanol sector [11] Related Party Transactions - The company sources 100% of its sugar juice from promoter-owned entities, while the sourcing of molasses from these entities has decreased from 98% in FY23 to 79% [13]

Core Insights - Aqua Metals, Inc. is participating in The Battery Show North America from October 6–9, 2025, in Detroit, Michigan, focusing on sustainable lithium-ion battery recycling [1] - The company aims to engage with key players in the battery ecosystem to advance commercial relationships and strategic partnerships [3] Company Overview - Aqua Metals is a pioneer in sustainable lithium-ion battery recycling, utilizing its proprietary AquaRefining™ technology to recycle critical minerals from end-of-life batteries and manufacturing scrap [5][6] - The company is based in Reno, Nevada, and is focused on commercializing non-polluting recycling processes that close the loop on critical minerals for clean energy technologies [6] Industry Context - The Battery Show North America serves as a premier gathering for the advanced battery and electric vehicle industries, facilitating discussions on emerging technologies and critical conversations for a sustainable energy future [4] - David Regan, Aqua Metals' Vice President of Commercial, will participate in a panel discussing U.S. supply chain resilience and strategies for securing essential minerals for clean energy [2][5]