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Indonesia’s Consumer Protection Agency and Elong Power Enter into Strategic Cooperation Agreement
Globenewswire· 2025-07-08 20:05
Core Viewpoint - Elong Power Holding Limited has entered into a strategic cooperation agreement with the Consumer Protection Agency of Indonesia to enhance electricity access and promote the new energy industry in Indonesia [1][2][3] Group 1: Strategic Cooperation Agreement - The agreement involves an investment of no less than US$1 billion for constructing integrated solar-plus-storage off-grid power systems in Indonesia's islands and rural areas [2] - Elong Power will provide comprehensive solutions and technical support for the large-scale application of lithium battery energy storage systems and the electrification of Indonesia's mining industry [2][3] - The collaboration aims to attract advanced Chinese new energy companies to invest in Indonesia, thereby accelerating the industrialization of the new energy sector [2][3] Group 2: Company Overview - Elong Power is a Cayman Islands exempted company focused on the research, development, manufacturing, sales, and service of high-power lithium-ion batteries and energy storage systems [4] - The company offers a comprehensive product and technology system, including battery cells, modules, and battery management systems, catering to high-power applications and long-cycle energy storage [5] - Elong Power's product portfolio includes lithium manganese oxide and lithium iron phosphate batteries, designed for various energy applications [5]
Energy Plug Technologies Grants Stock Options
Newsfile· 2025-07-08 20:00
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2025) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug") announces the granting of an aggregate amount of 950,000 stock options of the Company (the "Stock Options") to consultants of the Company. The Stock Options are exercisable at a price of $0.15 per share and are valid for a term of five years. The Stock Options are granted and governed by the Company's Stock Option Plan, approved by shareholders at the Company's ...
Is Perovskite the Future of Solar Panels? Here's First Solar's Take
ZACKS· 2025-07-08 15:31
Core Insights - Perovskite solar cells are emerging as a viable alternative to traditional silicon panels, offering higher efficiency and lower production costs [1] - First Solar Inc. (FSLR) is actively investing in perovskite technology to enhance its thin-film solar panel offerings [1][10] Company Developments - In 2023, FSLR acquired Swedish perovskite specialist Evolar AB to advance the development and commercialization of high-efficiency thin-film PV technology [2] - FSLR is establishing a perovskite development line at its Perrysburg, OH campus as part of a $370 million R&D initiative focused on next-generation solar technologies [3][10] - As of March 2025, FSLR is continuing its research into perovskite crystals to improve efficiency and stability for commercially scalable products [4] Industry Trends - Perovskite solar cells have seen efficiency improvements from 3% in 2009 to over 26% in 2024 for small-area devices, indicating significant advancements in the technology [5] - JinkoSolar (JKS) is also investing in perovskite technology, achieving a conversion efficiency of 33.84% in its N-type TOPCon-based perovskite tandem solar cell [7] - Canadian Solar (CSIQ) is enhancing its module efficiency through TOPCon technology and may explore perovskite solutions in the future [8] Market Performance - FSLR shares have increased by 36.6% over the past three months, outperforming the industry growth of 35.5% [9] - FSLR's shares are trading at a forward 12-month Price/Earnings ratio of 9.57X, below the industry average of 17.02X, indicating a relative discount [11]
Oklo, NuScale, Hims Defy Trump Tariffs - And Power The Russell 2000 Toward New Highs
Benzinga· 2025-07-08 15:08
As tariff fears ripple across markets with President Donald Trump sending tariff letters to 12 countries, small-cap resilience is stealing the spotlight. The Russell 2000 index is soaring toward creating new all-time highs. The iShares Russell 2000 ETF IWM, which tracks the Russell 2000 index, is up over 25% from April 8 lows.The recovery is powered in part by a few unlikely stars – Oklo Inc OKLO, NuScale Power Corp SMR and Hims & Hers Health Inc HIMS – each bucking macro gloom with year-to-date gains of 15 ...
2 Solar Stocks Sliding With Trump Energy Tax Update
Schaeffers Investment Research· 2025-07-08 15:01
Group 1: Market Impact - Solar stocks are declining following the White House's decision to eliminate clean energy subsidies, specifically the clean-electricity tax credits [1] - Sunrun Inc (NASDAQ:RUN) shares fell by 9.3% to $10.08, while First Solar Inc (NASDAQ:FSLR) shares decreased by 4.5% to $169.08 [1] Group 2: Company Performance - Sunrun stock received an upgrade from Keybanc to "sector weight" from "underweight," attributed to near-term tailwinds from market consolidation after competitor bankruptcies [2] - Year-to-date, Sunrun's equity has increased by 8.2% despite recent downturns [2] - First Solar experienced a bear gap in mid-June after the spending bill passed, leading to a rally until the recent drop, with a year-to-date decline of 3.2% [3]
CETY Announces Continued Eligibility for Federal Clean Energy Incentives Under New Law, Solidifying Leadership in Advanced Green Technologies
Globenewswire· 2025-07-08 14:39
IRVINE, CA., July 08, 2025 (GLOBE NEWSWIRE) -- Clean Energy Technologies, Inc. (Nasdaq: CETY) (the “Company” or “CETY”), a clean energy technology company offering power generation, waste to energy, battery storage, and heat to power solutions to deliver affordable, scalable, and eco-friendly energy, clean fuels, and alternative electricity for a sustainable future, is pleased to announce that its technologies should remain fully eligible for federal clean energy tax incentives following the passage of the ...
HyOrc, Expands European Green Methanol Strategy with New Porto Deal
Globenewswire· 2025-07-08 14:04
HOUSTON, July 08, 2025 (GLOBE NEWSWIRE) -- HyOrc Corporation (OTC: ASPZ), a developer of patented hydrogen combustion and waste-to-fuel technologies, today announced it has signed a Memorandum of Understanding (MOU) with Start Lda, a Portugal-based liquid and gaseous fuels trading company, to develop a 25,000 ton per annum green methanol production facility in Porto, with conservative projected lifetime revenues of $390m from the facility. This agreement builds on HyOrc’s previously announced MOU with Acete ...
NANO Nuclear Signs a Memorandum of Understanding with UrAmerica Ltd. to Help Modernize and Develop Argentina's Nuclear Fuel Supply Chain
Newsfile· 2025-07-08 13:56
NANO Nuclear Signs a Memorandum of Understanding with UrAmerica Ltd. to Help Modernize and Develop Argentina's Nuclear Fuel Supply ChainJuly 08, 2025 9:56 AM EDT | Source: NANO Nuclear Energy Inc.New York, New York--(Newsfile Corp. - July 8, 2025) - NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has signed a Memorandum of Understanding (MOU) ...
X @Bloomberg
Bloomberg· 2025-07-08 13:41
EDF will invest £1.1 billion to help build two reactors at the UK’s Sizewell nuclear power plant https://t.co/NTD5OPcYQj ...
Baker Hughes and Evida Partner to Advance CO2 Transport in Denmark
ZACKS· 2025-07-08 13:31
Core Insights - Baker Hughes Company (BKR) has partnered with Denmark's state-owned gas distributor Evida to develop CO2 transport solutions in Denmark, supporting the country's carbon reduction goals [1][10] - The collaboration combines Baker Hughes' CO2 process equipment expertise with Evida's pipeline transport capabilities, focusing on scalable solutions for CO2 emitters [2][10] - Evida CO2 is preparing for initial pipeline connections in line with the Danish government's carbon capture and storage (CCS) tender timelines [4][10] Company and Industry Developments - The partnership is positioned to play a crucial role in establishing the CO2 transport infrastructure necessary for Denmark's decarbonization efforts [7] - Denmark's CCS market is gaining momentum, with the issuance of its first CO2 storage permit in late 2022 and the completion of the first CO2 injection into the North Sea in March 2023 [6] - The Danish Energy Agency has prequalified 10 companies for its CCS funding initiative, with final bids due by December 17, 2025, and contracts expected to be awarded in April 2026 [6]