As part of the initial collaboration, Samsung C&T and Siemens identified next-generation infrastructure projects across Saudi Arabia, Canada and Thailand as first focus areas. These projects span key infrastructure sectors, including airports, hospitals, data centers and buildings, and pave the way for joint innovation and delivery excellence. Through a ‘ONE Tech Company’ approach, Siemens will bring together its full Smart Infrastructure and Digital Industries portfolio, encompassing Building X, Electrific ...

Financial Data and Key Metrics Changes - For Q3 2025, revenues were $5.8 million, down from $40.9 million year-to-date as of September 2024, largely due to order timing [3][4] - Gross profit for Q3 2025 was a negative $28,000, resulting in a 0.5% gross margin loss, compared to an 11% gross margin in Q3 2024 [4][5] - The net loss for Q3 2025 was $4.9 million, compared to a net profit of $1.3 million for the same period in 2024 [7] - Year-to-date net loss as of September 30, 2025, excluding non-cash items, was $7 million, compared to $5.8 million for the same period in 2024 [7] Business Line Data and Key Metrics Changes - Revenues for the nine months ending September 30, 2025, were 67% derived from commercial customers, up from 31% in the same period of 2024 [4] - International customers comprised 39% of all revenues in 2025, compared to 20% in 2024 [4] - The energy storage systems business saw a 21% increase this year, primarily from new customers with challenging requirements [24] Market Data and Key Metrics Changes - Beam Europe contributed about 40% of revenue in Q3 2025, with new product portfolios helping to offset declines in traditional products due to political unrest [34][35] - The company is experiencing significant growth opportunities in the Middle East, particularly in electrification and charging infrastructure [30][56] Company Strategy and Development Direction - The company has established Beam Middle East as a joint venture with the Platinum Group, aiming to leverage local partnerships for growth [10][11] - The strategy includes expanding product portfolios and geographic reach, particularly in Europe and the Middle East, to mitigate reliance on U.S. federal sales [29][41] - The focus is on developing differentiated products that command higher margins rather than competing at the commodity level [24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future revenue growth despite current challenges, attributing recent revenue declines to order timing rather than fundamental issues [33] - The company anticipates a return to appetite for electric vehicles and charging infrastructure in the U.S. as global demand for EVs continues to rise [66] - Management highlighted the importance of maintaining operational efficiencies and reducing costs while expanding into new markets [41] Other Important Information - The company has a contracted backlog of $8 million as of the end of Q3 2025, not including potential future orders from the Middle East [36][38] - Beam Global's products have demonstrated resilience in extreme weather conditions, showcasing their reliability and operational capabilities [28] Q&A Session Summary Question: Inquiry about wireless charging sales efforts - Management indicated that while there has been interest in wireless charging, automotive OEMs have been slow to integrate necessary receivers into vehicles, which is crucial for market adoption [44][45] Question: Clarification on battery business trial periods - Management noted that the timeline for customer orders varies, with some customers eager to move quickly due to the unique advantages of Beam's battery solutions [48][49] Question: Breakdown of backlog and pipeline opportunities - Management confirmed that the backlog is now more diversified, with contributions from battery opportunities and new products, moving away from reliance on federal customers [52][54] Question: Manufacturing capacity and growth - Management stated that current manufacturing capacity is underutilized due to a decline in federal sales, but there is significant capacity for expansion, particularly in Europe [59][63]

Core Points - Atlantica Sustainable Infrastructure Group plc and Atlantica Sustainable Infrastructure Ltd plan to offer an additional $285 million in 6.375% Green Senior Notes due 2032 in a private placement [1] - The net proceeds from the Green Notes Offering will be used to repay existing borrowings and fund a tender offer for up to $85 million of 4.125% Green Senior Secured Notes due 2028 [2] Company Overview - Atlantica Sustainable Infrastructure Ltd operates a diversified portfolio of contracted renewable energy, storage, efficient natural gas, electric transmission, and water assets across North America, Europe, and South America [8]

Financial Data and Key Metrics Changes - Q3 2025 marked record quarterly bookings of $6 billion, representing organic growth of 13% year over year [4] - Adjusted operating margin expanded by 170 basis points, with adjusted EPS growth of 15% [4] - Free cash flow remained robust, with expectations for 100% or greater free cash flow conversion for the year [15][17] Business Line Data and Key Metrics Changes - Global commercial HVAC businesses performed exceptionally, particularly in the Americas, where bookings surged 30% year over year [4][6] - The services business, constituting approximately one-third of total revenues, grew in low double digits year to date, with a low teens compound annual growth rate since 2020 [5][21] - Residential bookings and revenues declined approximately 30% and 20% respectively, consistent with prior updates [8][12] Market Data and Key Metrics Changes - In the Americas, commercial HVAC revenue growth was robust, increasing by low teens in equipment and low double digits in services [7] - EMEA commercial HVAC bookings increased by high teens, while revenues grew by mid single digits [8] - Asia Pacific saw commercial HVAC bookings up mid-30s, with revenues growing low teens, particularly strong in China [8] Company Strategy and Development Direction - The company emphasizes a purpose-driven strategy focused on sustainable infrastructure and energy efficiency, positioning itself as a leader in innovation [3] - Continued investment in innovation and a strong direct sales force are seen as competitive advantages [5][19] - The company plans to maintain a balanced capital allocation strategy, focusing on reinvestment, M&A, and share repurchases [16][17] Management's Comments on Operating Environment and Future Outlook - Management noted that the residential market slowdown is the most significant change impacting the outlook for 2025, but commercial HVAC businesses are performing well [12] - The company expects continued strong growth in commercial HVAC, with a robust backlog positioning it well for 2026 [19] - There is optimism about the data center vertical, with significant demand and innovation driving growth [100] Other Important Information - The company anticipates approximately 6% organic revenue growth for the year, factoring in headwinds from residential and transport markets [15] - Adjusted EPS guidance for 2025 is now $12.95 to $13.05, reflecting a 15% to 16% year-over-year increase [15] - The company has approximately $5 billion remaining under its share repurchase authorization, providing significant optionality [17] Q&A Session Summary Question: About Americas margins and service margins improvement - Management expressed satisfaction with the Americas margin performance, noting operating income margins were nearly 22%, up 120 basis points year-over-year, with opportunities for service margins to expand [28][29] Question: On applied bookings and market conditions - Management indicated that while applied bookings were strong, the pipeline remains robust, and they are capturing significant market momentum [40][41] Question: Regarding residential HVAC inventory and market conditions - Management is hopeful that channel inventories will normalize by the end of the year, following a challenging period in 2025 [51] Question: About EMEA margins and future expectations - Management expects EMEA margins to improve as recent investments and M&A integration costs stabilize [90] Question: On data center opportunities and project nature - Management confirmed that modular data centers are becoming more common, and they are well-positioned to meet the demand with expanded capacity [100][101]

Core Insights - Verde Resources Inc. has developed a proprietary cold-recycled asphalt mix, BioAsphalt™, which integrates biochar and is made entirely from 100% Reclaimed Asphalt Pavement (RAP) [1][4] - Independent testing by the National Center for Asphalt Technology (NCAT) confirms that this mix meets and exceeds key industry specifications, demonstrating exceptional strength, durability, and moisture resistance [2][3] Performance Evaluation - The BioAsphalt™ mix achieved an Indirect Tensile Strength (ITS) of 61.8 psi (426.1 kPa) under dry conditions and 45.6 psi (314.2 kPa) under wet conditions, with a Tensile Strength Ratio (TSR) of 0.74, surpassing the industry threshold of 0.70 [3] - Testing results indicate significant improvements in cohesion, retained strength, and overall mix performance, exceeding expectations at this stage [3] Environmental Impact - The BioAsphalt™ technology is positioned as a scalable, low-carbon alternative to traditional paving materials, contributing to carbon sequestration and sustainable infrastructure [4][7] - The production process is burnerless and solvent-free, allowing for application at ambient temperatures year-round, which reduces energy use and greenhouse gas emissions [6][7] Industry Advancement - Traditionally, cold recycling of 100% RAP has been limited to intermediate and base layers; the ability to use it in surface layers represents a significant advancement for the industry [5] - The partnership with Ergon Asphalt & Emulsions aims to accelerate commercialization and expand market reach for Verde's innovative solutions [9] Strategic Partnerships - Verde has entered into a 10-year exclusive agreement with Ergon, the largest asphalt marketer in North America, to drive long-term revenue growth and market adoption of BioAsphalt™ [8][9] - This collaboration is expected to enhance the practical application of Verde's technology in the asphalt industry, paving the way for future infrastructure developments [9]

Core Insights - Safe and Green Development Corporation has deployed new industrial processing equipment to enhance its operations in Southwest Florida, specifically at the Sarasota and Myakka City sites [1][3][4] Equipment Details - The new equipment includes the Komptech Crambo Mobile shredder, which is designed for processing large volumes of organic and woody materials, and the Diamond Z DZH6000 Series grinder, which increases processing efficiency for wood waste and green debris [2][3] Operational Impact - The deployment of this equipment is expected to improve production capacity, reduce processing times, and enhance overall site efficiency, thereby meeting the growing demand for engineered soil and compost products [3][4] Strategic Alignment - The expansion of processing capabilities aligns with the company's focus on scalable, revenue-generating infrastructure, allowing for greater material processing and improved efficiency [4] Company Overview - Safe and Green Development Corporation is focused on real estate development and environmental solutions, with a subsidiary operating an 80+ acre organics processing facility in Florida, which processes source-separated green waste and is expanding into sustainable potting media production [5]

Core Insights - Beam Global has partnered with Northwest Indian College (NWIC) to implement sustainable energy solutions, marking NWIC as the first accredited Tribal college to deploy Beam's solar-powered ebike charging system and EV ARC systems [1][3][4] Company Overview - Beam Global specializes in innovative and sustainable infrastructure solutions for transportation electrification, energy security, and smart city infrastructure [1][8] - The company is publicly traded on Nasdaq under the symbol BEEM and operates in the U.S., Europe, and the Middle East [8] Industry Context - The global ebike market was valued at approximately $61.89 billion in 2024 and is projected to grow to $113.64 billion by 2030, with a compound annual growth rate (CAGR) of 10.3% from 2025 to 2030 [6]

Core Insights - Cypress Creek Renewables has achieved financial close on the Sundance Solar and Energy Storage hybrid project in Elbert County, Colorado, which includes 75 MWac of solar capacity and a 50 MW/200 MWh battery energy storage system [1][4] - The project aims to provide energy sufficient to power approximately 25,000 homes in Colorado, supporting the state's clean energy objectives [2] Company Commitment - The CEO of Cypress Creek Renewables emphasized the company's long-term commitment to Colorado, highlighting plans for further investments that will create jobs, generate local tax revenue, and provide reliable energy [3] - The project is expected to create up to 250 construction jobs and generate over US$9.5 million in property tax revenue over its 40-year operational life [3] Community Engagement - Cypress Creek has established a community working group in Elbert County to oversee the allocation of US$300,000 in direct community investment, ensuring a positive local impact [3] Financial Aspects - MUFG Bank Ltd. coordinated approximately US$190 million in construction financing for the project, with participation from BNP Paribas, DNB Bank ASA, and Santander [4] - Fifth Third Bank is acting as the tax equity investor for the project [4] Future Outlook - The Sundance Solar and Energy Storage project is projected to commence commercial operations by late 2026, contributing to Colorado's clean energy supply for decades [5]

Core Insights - Sarasin & Partners LLP sold 4,273,853 shares of Tetra Tech, valued at approximately $155.35 million, during Q3 2025, reducing its holdings to 409,723 shares worth $13.8 million, which is 0.14% of its $10.2 billion U.S. equity portfolio [2][3] Company Overview - Tetra Tech provides consulting and engineering services, focusing on water resources, climate change, energy management, and infrastructure, generating revenue from government contracts, commercial clients, and international development agencies [4][6] - The company reported a total revenue of $5.20 billion and a net income of $333.38 million for the trailing twelve months (TTM) [3] Market Performance - Tetra Tech's stock price as of October 9, 2025, was $34.30, reflecting a 30.7% decline over the past year and underperforming the S&P 500 by 47.6 percentage points [3] - The stock has seen a recovery of 16% since April 2025, following a strong fiscal third quarter where earnings per share increased by 34% year over year [10] Client Base - Primary customers include federal, state, and local governments, utilities, natural resource companies, and organizations focused on sustainable infrastructure and environmental solutions [5][6] Investment Implications - The significant reduction in Sarasin's position in Tetra Tech, by over 90%, suggests a lack of confidence in the company's future business prospects, potentially due to headwinds from government spending cuts and increased scrutiny on government contracts [9][10]

Core Viewpoint - Intellabridge Technology Corporation has signed a non-binding Letter of Intent to acquire Spark Plug Chargers Inc., aiming to enhance its capabilities in sustainable infrastructure and electric vehicle (EV) solutions [1][2][3]. Group 1: Acquisition Details - The proposed acquisition involves Intellabridge acquiring 70% of Spark Plug through a newly formed U.S. subsidiary, with the final structure to be determined in definitive agreements [3]. - Consideration for the acquisition is expected to be in the form of Intellabridge common shares, and key personnel from Spark Plug, including the current CEO, are anticipated to remain with the business post-acquisition [3]. - The LOI includes a 30-day due diligence period, exclusivity on negotiations, and aims for definitive agreements to be signed within 60 days, pending necessary approvals [3][5]. Group 2: Strategic Implications - This acquisition aligns with Intellabridge's long-term vision of leveraging technology and innovation in high-growth sectors such as energy, mobility, and digital infrastructure [2]. - The integration of Intellabridge's Karma impact technology into Spark Plug's platform is expected to create a climate-forward EV charging network, enhancing competitive positioning in the CleanTech sector [4]. - The acquisition is viewed as a strategic expansion into the ImpactTech space, allowing for synergies that could deliver value to shareholders through targeted innovation [4]. Group 3: Company Background - Intellabridge Technology Corporation focuses on developing innovative solutions that produce measurable positive outcomes for clients and communities, with a mission to drive systemic change and advance sustainable operations [6][7]. - The company's flagship platform, KarmaConnect, aims to embed measurable impact into everyday utility, bridging technological infrastructure with critical cleantech initiatives [7].