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Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch
Prnewswire· 2025-06-20 12:59
Core Insights - Cadiz Inc. has entered into a Memorandum of Understanding (MOU) with Hoku Energy Limited to develop a major clean energy campus at Cadiz Ranch in California's Mojave Desert, which aligns with the company's commitment to sustainable development [2][5] - The MOU grants Hoku Energy a three-year exclusive option to develop over 10,000 acres for various clean energy projects, including green hydrogen production and large-scale renewable energy generation [3][4] - The projects are expected to generate annual lease revenue and water supply sales of $7 to $10 million, supporting sustainable water and farming operations [1] Company Overview - Cadiz Inc. is a California water solutions company with 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets, focusing on providing clean and reliable water [7] - The company is also developing the Mojave Groundwater Bank and has previously partnered with RIC Energy for green hydrogen production on up to 3,000 acres [5] Project Details - The Hoku Energy project may include facilities for green hydrogen production, renewable power generation, battery storage, and integrated digital infrastructure such as data centers [3][4] - The agreement allows for continued commercial development at Cadiz, including agricultural operations and reserves 400 acres for additional commercial development, with Hoku having the right of first refusal to supply power to any developed data center [4][5] Strategic Importance - The collaboration with Hoku Energy is seen as a key component of Cadiz's long-term land use strategy, enhancing the potential for large-scale renewable energy and data center development [5] - The combined efforts with Hoku and RIC Energy are expected to position Cadiz Ranch as a significant clean energy campus and green hydrogen production hub in North America [5]
CHAR Tech Announces Extension of Term Warrants, RSU and Options Grant
Globenewswire· 2025-06-20 12:00
TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. (“CHAR Tech” or the “Company”) (TSXV:YES) a leader in sustainable energy solutions, announces that the Board of Directors has approved the amendment of up to 2,750,000 common share purchase warrants (the “Warrants”). The Warrants were part of the Unit Offering with ArcelorMittal XCARB S.à r.l. (“ArcelorMittal”), as previously announced July 5th, 2023, have an exercise price of $0.70, and will currently expire on July 5th, 2025. Starting on J ...
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Globenewswire· 2025-06-20 11:08
Closed-end investment company intended for informed investors UAB “Atsinaujinančios energetikos investicijos” (hereinafter - the Company), whose securities (the Bonds) are listed and admitted to trading on the Bond List of Nasdaq. The Company has received a notification from the person closely associated with persons discharging managerial responsibilities regarding the transactions in the Company's Bonds (enclosed). Contact person for further information: Mantas Auruškevičius Manager of the Investment Com ...
X @Elon Musk
Elon Musk· 2025-06-20 10:29
Solar power in China will exceed ALL sources of electricity combined in the USA in 3 to 4 years. Wake up call.Jesse Peltan (@JessePeltan):Solar in China generated ~1/3 as much as *all* U.S. generation last month.And it’s doubling every 2 years. https://t.co/skslDrrJKX ...
甘肃能源: 关于民勤100万千瓦风光电一体化项目获得核准(备案)的公告
Zheng Quan Zhi Xing· 2025-06-20 08:23
Core Points - Gansu Electric Power Investment Development Co., Ltd. has received approval for the Minqin 1 million kW wind-solar integrated project, which is expected to exceed 10% of the company's installed capacity by the end of 2024 [1] - The project is a collaboration between Gansu Electric Power Investment, Northwest Electric Power Design Institute, China Shipbuilding Industry Corporation, and China Energy Construction Group [1] - The project will require various approvals and permits, including planning, land use, resource utilization, environmental impact assessment, safety production, and grid connection design [2] Summary by Category Project Approval - The Minqin 1 million kW wind-solar integrated project has been officially approved by the Minqin County Development and Reform Bureau [1] - The project is significant as it represents over 10% of the company's expected installed capacity by the end of 2024 [1] Collaboration and Investment - The project is being developed by a joint venture named Gansu Electric Power Minqin New Energy Co., Ltd., formed by multiple companies [1] - The collaboration includes major players in the energy sector, indicating a strong investment backing for the project [1] Implementation Challenges - The project faces uncertainties related to investment decision-making processes and the ability to proceed with construction [2] - There are several necessary procedures to complete before construction, which may introduce delays and uncertainties [2] - Potential risks include changes in market conditions, policy shifts, and challenges in securing funding [2]
2 No-Brainer, High-Yield Stocks to Buy With $2,000 Right Now
The Motley Fool· 2025-06-20 07:50
Group 1: Brookfield Renewable - Brookfield Renewable has a globally diversified portfolio of clean energy assets across North America, South America, Europe, and Asia, including hydroelectric, solar, wind, energy storage, and nuclear power [2][4] - The company is not a regulated utility and sells power under long-term contracts, allowing for growth as the world shifts to cleaner energy [4] - Brookfield Asset Management, with over 100 years of infrastructure investment experience, plans to increase clean-energy investments by around 100% by 2030, positioning Brookfield Renewable as a key funding source [5] - Brookfield Renewable Partners offers a 5.6% yield, while Brookfield Renewable Corporation has a 4.6% yield, both representing the same entity [6] - A $2,000 investment in Brookfield Renewable can yield 75 shares of partnership units or 60 shares of corporate shares [7] Group 2: Chevron - Chevron is a globally diversified, integrated energy company with a 4.7% dividend yield, having increased its dividend for 38 consecutive years despite the volatility in oil and natural gas prices [8][9] - The company maintains a strong balance sheet with low leverage, allowing it to manage debt during downturns and support its business and dividend [9] - Current challenges for Chevron include weak energy prices and company-specific issues such as a complicated acquisition of Hess and investments in politically unstable Venezuela [10] - The high yield presents a long-term investment opportunity, with a $2,000 investment yielding approximately 13 shares [11] Group 3: Investment Outlook - Both Brookfield Renewable and Chevron are attractive to dividend investors due to their high yields and strong business fundamentals [12]
四大证券报精华摘要:6月19日
Xin Hua Cai Jing· 2025-06-18 23:47
Group 1 - The China Securities Regulatory Commission (CSRC) is enhancing the inclusiveness and adaptability of the capital market by implementing the "1+6" policy measures to deepen the reforms of the Sci-Tech Innovation Board and the Growth Enterprise Market [1] - The CSRC plans to establish a Sci-Tech Growth Tier on the Sci-Tech Innovation Board and restart the listing of unprofitable companies under the fifth set of standards [1] - The CSRC will officially implement the third set of standards on the Growth Enterprise Market to support high-quality unprofitable innovative companies in going public [1] Group 2 - The private equity industry in China has seen a simultaneous increase in performance and positions, with the average position level approaching 80%, reflecting positive sentiment towards policy and economic expectations [2] - Key investment directions for private equity include technology, new consumption, precious metals, and dividend assets, focusing on "certainty" in investments [2] Group 3 - The outlook for the securities industry in the second half of 2025 is optimistic, with net profits expected to continue growing due to ongoing reform policies [3] - Large brokerages are likely to strengthen their market position through mergers and acquisitions, while smaller firms can rapidly expand their business scale [3] - The brokerage sector's valuation is expected to stabilize and recover, with attention on firms with high growth potential and balanced business structures [3] Group 4 - The Central Financial Committee has issued opinions to support the construction of Shanghai as an international financial center, enhancing the competitiveness and influence of the financial system [4] - The opinions emphasize the development of a multi-tiered equity market and the strengthening of the Sci-Tech Innovation Board's "hard technology" positioning [4] Group 5 - The Shanghai Stock Exchange has drafted self-regulatory guidelines for the Sci-Tech Growth Tier to enhance the inclusiveness and adaptability of the Sci-Tech Innovation Board [5] - The guidelines aim to support technology companies that have made significant breakthroughs but are currently unprofitable [5] Group 6 - Geopolitical risks in the Middle East are leading to rising oil transportation prices, with international oil prices also increasing due to recent conflicts [6] - The future trajectory of shipping costs will depend on the escalation of the situation and potential actions by Iran regarding the Strait of Hormuz [6] Group 7 - The smart glasses market in China has seen a significant increase in shipments, with a 116.1% year-on-year growth in Q1 2025 [7] - Factors driving this growth include advancements in AI and AR technologies, government subsidies, and the introduction of new products [7] Group 8 - The cross-border e-commerce industry is seeking stability and new opportunities amid fluctuating tariffs and uncertainties [8] - Industry participants are focusing on stabilizing their operations while exploring new markets to mitigate risks [8] Group 9 - The wind power industry is experiencing a resurgence in bidding prices, with significant increases in project approvals and installations expected in 2025 [9] - Domestic wind power manufacturers are poised to benefit from their experience and technology in both offshore and overseas markets [9] Group 10 - Oil and gas public funds have outperformed innovative drug-themed products in net value growth, with 12 funds seeing over 10% growth in June [10] - The strong performance of oil and gas funds is attributed to fluctuations in international fundamentals, although future price support for oil may be limited [10] Group 11 - GAC Group and Huawei's joint venture, Huawang Automotive, has begun large-scale recruitment, focusing on key positions in R&D and technology [11][12] - The new brand aims to leverage Huawei's smart driving software and solutions to create high-end automotive products [12] Group 12 - JD.com has announced its entry into the hotel and travel industry, aiming to optimize supply chain costs and enhance service quality [13] - The move is part of JD's strategy to leverage its supply chain and logistics advantages to improve the hotel and restaurant sectors [13]
Watch These Renewable Energy & Battery Energy Stocks for Valuable Gains
ZACKS· 2025-06-18 13:51
An updated edition of the May 6, 2025 article.The global shift toward sustainability is transforming the energy landscape, with industries rapidly adopting renewable sources like solar and wind. However, their intermittent nature has highlighted the critical need for reliable energy storage. This has fueled growing interest in battery storage technologies, which store excess power generated during peak periods and release it when production dips, ensuring grid stability and consistent supply. As a result, d ...
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]
Statkraft strengthens core activities and competitiveness following strategic review
Globenewswire· 2025-06-18 11:45
Core Strategy - Statkraft, Europe's largest producer of renewable energy, is focusing on its flexible hydropower fleet in the Nordics and expanding solar, wind, and battery activities in Europe and South America to strengthen its competitive advantages [1][2] - The company aims to prioritize near-term cash flow over volume growth, reducing complexity and costs while maintaining a strong focus on core activities [1][3] Investment Plans - Statkraft plans to invest NOK 16–20 billion annually in the coming years, targeting large hydropower capacity upgrades in Norway and onshore wind power developments in Sweden and Norway [3] - The company has a significant pipeline of projects in Europe and South America, although growth rates will be lower than previously planned [3] Project Development Adjustments - Statkraft will cease new hydrogen project developments and stop further activities in offshore wind projects, while continuing with the North Irish Sea Array (NISA) project [4][5] - The company will assess its investment position in solar, wind, and batteries in Poland and will halt development activities in Portugal, although market activities will persist in both countries [4] Cost Efficiency Measures - By focusing on fewer technologies and countries, Statkraft aims to reduce payroll and operating expenses by approximately NOK 2.9 billion annually by 2027, representing a 15% reduction compared to the 2025 estimate [7] - Specific cost efficiency measures, including potential redundancies, will be identified through the annual business planning process [7] Long-term Perspective - Despite ongoing geopolitical challenges that may delay the energy transition, Statkraft maintains a long-term perspective and believes in its strong position to contribute to energy security and the energy transition [9] - The company has delivered significant value creation, paying NOK 59 billion in dividends and more than doubling its equity value to over NOK 300 billion since 2018 [8]