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Scatec ASA: Subscriptions for the Employee Share Purchase Programme 2025
Globenewswire· 2025-06-25 15:37
Company Overview - Scatec is a leading renewable energy solutions provider focused on accelerating access to reliable and affordable clean energy in emerging markets [3] - The company develops, builds, owns, and operates renewable energy plants, with a total capacity of 6.2 GW in operation and under construction across five continents [3] - Scatec is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [3] Share Purchase Program - Scatec offered participants the opportunity to purchase shares with a trading value ranging from NOK 10,413 to NOK 104,128 during the subscription period from 16 to 25 June 2025 [1] - The price per share was set at NOK 89.45, based on the average volume-weighted share price on the Oslo Stock Exchange over the last five trading days of the subscription period [1] - A total of 68,533 shares were subscribed by employees under the share purchase program, with allocation and delivery expected to occur by 4 July 2025 [2]
Worksport Nano-Grid System Selected for Pilot by Top US Construction Group
Globenewswire· 2025-06-25 13:05
Core Insights - Worksport Ltd. has initiated a commercial-use pilot project with a leading U.S. construction firm that operates a fleet of over 1,000 trucks, focusing on the evaluation of Worksport's SOLIS solar tonneau cover and COR portable energy system [1][4] - The collaboration is expected to provide valuable insights into the performance and reliability of Worksport's clean-tech solutions in real-world construction environments, potentially leading to broader adoption across large commercial fleets [4][7] Company Overview - Worksport Ltd. specializes in hybrid and clean energy solutions for light trucks and consumer goods, with a focus on solar integrations and portable power systems [6] - The company has an active partnership with Hyundai for the SOLIS Solar cover and is gaining traction with newer truck makers, including those in the electric vehicle sector [6] Strategic Outlook - The pilot project serves as a structured roadmap for large-scale fleet adoption and provides a real-world use case for Worksport's products, which may lead to future commercial opportunities [4][5] - The construction firm involved has a strong track record with institutional and government clients, including the U.S. Army Corps of Engineers and the Department of Homeland Security, which could enhance Worksport's exposure to additional clients [4] Pilot Project Details - The initial phase of the pilot involves the construction firm receiving two sets of the SOLIS and COR systems to validate their performance and practical benefits [7] - Worksport anticipates a strategic feedback loop with the customer's innovation department to gather performance data and potentially create marketing content [7]
Terrestrial Energy and Ameresco Announce Collaboration to Develop IMSR Plant Projects for Customized Energy Supply
GlobeNewswire News Room· 2025-06-24 12:00
Terrestrial Energy’s Integral Molten Salt Reactor (IMSR) plant delivers uniquely adaptable output, enabling the customization and hybridization of its clean energy supply systems to meet specific customer requirements, including data centers and industrial heat applications Collaboration with Ameresco to significantly advance Terrestrial Energy's commercial momentum through enhanced project development capabilities and access to key customer groups CHARLOTTE, N.C. and FRAMINGHAM, Mass., June 24, 2025 (GLOBE ...
Worksport Reports Consecutive Months of Record-Breaking Revenues, Gross Margin Improves by 25%
Globenewswire· 2025-06-23 12:35
Company Reports All-Time-High Revenue in May 2025 (Following Record April 2025 Sales) as Gross Margins Rise 25% from Q1 2025 Levels; Growth Momentum Expected to Continue West Seneca, New York, June 23, 2025 (GLOBE NEWSWIRE) -- Worksport Ltd. (NASDAQ: WKSP) (“Worksport” or the “Company”), a U.S. based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, today announced that May 2025 sales reached $1.28 million, marking the Compan ...
VINCI Autoroutes and VINCI Airports traffic in May 2025
Globenewswire· 2025-06-17 15:45
Group 1: VINCI Autoroutes Traffic - VINCI Autoroutes experienced a decline in May traffic by 3.3% compared to the same month in 2024, with light vehicles down by 3.7% and heavy vehicles down by 0.8% [2] - The year-to-date (YTD) traffic at the end of May shows an increase of 1.2% for both light and heavy vehicles [3] - The decline in May traffic is attributed to calendar effects, particularly the timing of the Ascension and Pentecost weekends [2] Group 2: VINCI Airports Passenger Traffic - VINCI Airports reported a 5.3% increase in passenger traffic in May 2025 compared to May 2024, with a YTD increase of 6.7% [4] - Notable growth in passenger traffic was observed in airports in Portugal (+5.8%), Japan (+13%), Mexico (+7.3%), and Hungary (+16%) [4] - Some regions experienced declines, such as the United States (-4.7%) and the Dominican Republic (-16%) [4] Group 3: VINCI Airports Commercial Movements - VINCI Airports saw a 5.5% increase in commercial movements year-to-date at the end of May, with a 6.5% increase overall [6] - The United States recorded a significant increase in commercial movements by 26% YTD, while the Dominican Republic saw a decline of 19% [6] - Other regions like Brazil (+8.9%) and Cambodia (+7.8%) also showed positive growth in commercial movements [6]
Scatec reaches financial close for the 1.1GW solar + 100MW/200MWh BESS Obelisk project
Globenewswire· 2025-06-15 14:03
Core Insights - Scatec ASA has achieved financial close for the "Obelisk" hybrid solar and battery storage project in Egypt, with a total estimated capex of USD 590 million, of which USD 479.1 million is financed by major development banks [1][2] Financing Details - The project financing is non-recourse and represents approximately 80% of the total estimated capex [1] - Scatec has previously secured equity bridge loans of USD 120 million for the project, deferring equity injections until the end of the construction period [4] Project Phases and Capacity - The project will be executed in two phases: the first phase includes 561 MW of solar and 100 MW/200 MWh of battery storage, expected to reach commercial operational date in the first half of 2026; the second phase will add 564 MW of solar capacity in the second half of 2026 [3] - The energy produced will be sold under a 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company, backed by a sovereign guarantee [3] Company Operations - Scatec will provide Engineering, Procurement and Construction (EPC), Asset Management (AM), and Operations & Maintenance (O&M) services for the project, with the EPC scope accounting for approximately 70% of total capex [4] - The company is actively seeking equity partners, with discussions expected to conclude in the coming months [4] Company Background - Scatec is a prominent renewable energy solutions provider, with 6.2 GW of capacity in operation and under construction across five continents [5]
Worksport Secures Second National Distributor & Projects $21.5M in Repeatable B2B Revenue
Globenewswire· 2025-06-10 13:00
Core Insights - Worksport Ltd. has expanded its dealer network to over 550 locations in the U.S., marking a nearly 6x increase since the beginning of 2025 [2][3] - The company anticipates significant growth in recurring revenue, projecting it to exceed $21.5 million annually at full activation of its dealer channels [4][5] - Management has reaffirmed full-year 2025 revenue guidance of $20-$25 million, representing a 2.5-3x increase year-over-year [6] Dealer Network Expansion - The addition of a second national automotive distributor has contributed to the rapid expansion of Worksport's dealer network [2][3] - The recent agreement adds approximately 250 dealer accounts, following a previous partnership that brought over 200 dealers [3] - As of now, Worksport actively sells to 187 of its 550 dealer partners, with new accounts joining weekly [4] Revenue Projections - The company estimates that its dealer channels can support over $21.5 million in annual repeatable revenue, driven by B2B traction and demand for its products [5] - The revenue potential reflects current scale and is expected to grow as dealer onboarding continues [5] - The anticipated revenue growth is supported by strong dealer adoption and increasing gross margins across all sales channels [6] Product Launch and Market Positioning - Worksport is preparing for the Fall 2025 commercial launch of its SOLIS solar-integrated tonneau cover and COR portable energy storage system, which are expected to unlock new revenue streams [9] - The company is focused on capturing greater market share and enhancing operational efficiencies, aiming for sustainable profitability and positive cash flow in fiscal 2025 and beyond [10] - Worksport's strategic focus on supporting U.S. retailers with American-made products is validated by the growing demand for high-quality truck accessories [7]
VivoPower Advances US$200 Million Tembo Transaction Following Completion of Second Phase of Due Diligence by Energi Holdings
Globenewswire· 2025-06-03 12:45
Group 1 - Energi Holdings Limited proposes to acquire 51% of Tembo at a total enterprise value of US$200 million, with both parties agreeing to negotiate binding transaction documents for an early closing [1][3] - Energi, headquartered in Abu Dhabi, has annual revenues of US$1 billion and operates across multiple regions including the Middle East, Africa, South Asia, Europe, and Southeast Asia [2] - VivoPower's board is evaluating the optimal use of investment proceeds, which may include special dividends or capital returns to shareholders [4] Group 2 - VivoPower is undergoing a strategic transformation to focus on XRP digital assets, aiming to support decentralized finance infrastructure and real-world blockchain applications [5] - VivoPower operates globally with a presence in the UK, Australia, North America, Europe, the Middle East, and Southeast Asia, and has two business units: Tembo and Caret Digital [6]
CORRECTION: VivoPower Announces XRP-Focused Digital Asset Treasury Strategy and US$121 Million Private Placement Priced at US$6.05 Per Share, Above Last Market Closing Price Under NASDAQ Rules
Globenewswire· 2025-05-30 11:36
Company Overview - VivoPower International PLC is transforming into the world's first XRP-focused digital asset enterprise, focusing on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy [2] - The company operates globally, with a presence in the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia, and is recognized as an award-winning global sustainable energy solutions B Corporation [3] Business Units - VivoPower has two main business units: Tembo and Caret Digital. Tembo focuses on electric solutions for customized fleet applications and ancillary services such as financing, charging, battery, and microgrids [3] - Caret Digital is dedicated to maximizing the use cases for renewable power, including digital asset mining [3] Recent Developments - VivoPower announced a US$121 million private placement priced at US$6.05 per share, which is above the last market closing price, as part of its new strategic direction [1]
Publication of the Pitch Book “Why invest in VINCI, a global leader in infrastructure”
Globenewswire· 2025-05-19 15:45
Core Insights - VINCI is a global leader in infrastructure, focusing on concessions, energy solutions, and construction, with a workforce of 285,000 across over 120 countries [1] - The company emphasizes a commitment to environmental and social responsibility, aiming to create long-term value for all stakeholders [1] Group 1: Business Model Strengths - VINCI is positioned as a key player to capture global megatrends [3] - The company demonstrates strong and resilient free cash flow [3] - VINCI maintains a solid balance sheet [3] Group 2: Capital Allocation and Performance - The company has a consistent and value-accretive capital allocation strategy [3] - VINCI has a longstanding M&A track record with high-quality returns over time [3] - There is an alignment of interests among employees and shareholders [3] Group 3: Stock Performance - VINCI's stock has outperformed over time [3] - The company aims for all-round performance beyond just economic and financial results [3]