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TotalEnergies wins $5.3 billion contract to build wind farm in France
Reuters· 2025-09-24 08:20
Core Viewpoint - TotalEnergies has secured a significant contract worth 4.5 billion euros ($5.30 billion) from the French government for the development and construction of a 1.5 gigawatts wind farm off the coast of Normandy in collaboration with RWE [1] Company Summary - TotalEnergies is partnering with RWE in a consortium to execute the wind farm project [1] - The project represents a substantial investment in renewable energy infrastructure by TotalEnergies [1] Industry Summary - The contract highlights the growing trend and commitment towards renewable energy projects in France, particularly in offshore wind energy [1] - The development of the 1.5 gigawatts wind farm aligns with global efforts to transition to sustainable energy sources [1]
Intellistake Progresses IntelliScope AI Agent Development with PowerBank Corp. as Enterprise Beta Partner
Prnewswire· 2025-09-24 07:01
Core Insights - PowerBank Corporation is collaborating with Intellistake Technologies Corp. as a closed beta partner for the development of IntelliScope, an enterprise AI suite aimed at enhancing decision-making in the energy sector [1][2][3] Company Overview - PowerBank Corporation focuses on renewable and clean energy project development, particularly in distributed and community solar projects across Canada and the USA [4] - The company has a development pipeline exceeding one gigawatt and has completed renewable energy projects with a total capacity of over 100 megawatts [4] Partnership Details - The IntelliScope suite consists of modular AI agents designed to improve how enterprises access and interpret intelligence, particularly in the energy sector [2] - The first agent will analyze geological and environmental data to identify optimal sites for renewable projects and monitor regulatory and market changes [2] - PowerBank's involvement as a beta partner allows for real-world testing and feedback, ensuring the development of practical solutions tailored to industry needs [3] Future Outlook - Intellistake aims to create a decentralized AI infrastructure that provides transparent and trustworthy enterprise intelligence, with expectations for AI agents to evolve significantly by 2026 and beyond [3] - The current beta testing phase includes a scoping exercise to understand PowerBank's needs, leading to the development of a customized user interface for the IntelliScope AI agent [3]
Can Keppel Corporation Keep Powering Ahead After its Share Price Surge?
The Smart Investor· 2025-09-23 23:30
Core Insights - Keppel Ltd. has experienced a 29% year-to-date increase in share price due to strong business execution and a strategic shift from a conglomerate model to an asset-light global alternative real asset manager focusing on digital and green energy infrastructure [1][2] Business Transformation - The company is divesting legacy businesses and assets, reallocating proceeds into recurring income-generating assets such as data centers, renewables, and sustainable infrastructure, which aligns with long-term growth trends [2] - Keppel's urban development projects span multiple countries, providing a long-term pipeline for growth [9] Financial Performance - In 1H2025, Keppel reported a 5% year-on-year decrease in revenue to S$3.06 billion, while net profit surged 24% year-on-year to S$378 million [3] - Recurring income (excluding non-core portfolio for divestment) increased by 7.2% year-on-year to S$444 million [3] - The Real Estate segment saw a 45% year-on-year revenue increase to S$95 million, with net profit of S$98 million due to higher asset management fees and lower costs [4] - Infrastructure revenue declined 12% year-on-year to S$2.0 billion, accounting for 65.7% of total revenue, while net profit decreased 5% year-on-year to S$346 million [5] - Connectivity revenue increased 14% year-on-year to S$743 million, but net profit fell 19% year-on-year to S$57 million due to lower valuation gains [6] Growth Drivers - Singapore's Green Plan 2030 aims for 80% green buildings and increased solar energy, indicating a growing demand for green energy infrastructure [7] - As of 1H2025, Keppel has S$91 billion in funds under management, with S$25 billion undeployed, and secured an additional S$2.3 billion from institutional investors for investment in data centers and sustainable urban renewal [8] Debt and Dividends - Keppel's net debt stood at S$9.9 billion as of June 30, 2025, with a net gearing ratio of 0.9 times [13] - A dividend of S$0.15 per share was declared for 1H2025, translating to a yield of approximately 3.9% at the current share price of S$8.82 [13] Market Outlook - The company's successful transition and execution are critical for maintaining share price momentum, with current valuation at 17.8 times trailing earnings [14] - Continuous execution is necessary for Keppel to compound value in its new growth pillars [15]
X @Forbes
Forbes· 2025-09-23 14:18
Jacqueline Novogratz And Acumen Raise $300 Million For Off-Grid Solar In Africa #ForbesSustainabilityLeaders https://t.co/1foaWyhz7I ...
X @Bloomberg
Bloomberg· 2025-09-23 13:22
Portuguese utility EDP says US renewable energy outlook is now much clearer, easing Trump-era concerns https://t.co/KAnvWPeyqU ...
The top 10 things we're watching in the stock market Tuesday
CNBC· 2025-09-23 13:19
Group 1 - The S&P 500 and Nasdaq closed at record highs, driven by tech stocks, particularly Nvidia, following its $100 billion investment in OpenAI for AI data centers [2][3] - Nvidia's shares were slightly down after reaching a record high, but Evercore ISI raised its price target for Nvidia to $225 from $214, citing low earnings estimates from the market [3][4] - Other companies benefiting from the OpenAI deal include GE Vernova and Eaton, which are expected to see increased demand for energy due to the rise in computing power [4] Group 2 - Jefferies downgraded Vistra from buy to hold, lowering its price target to $230 from $241 due to delays in the Comanche nuclear deal [5] - Orsted's shares rose after a U.S. judge allowed the company to resume construction of an offshore wind farm previously halted by the Trump administration [6] - Wells Fargo upgraded CoreWeave to buy from hold, raising its price target to $170 from $105, anticipating benefits from Nvidia's agreement to purchase excess capacity through 2032 [7] Group 3 - The FTC's lawsuit against Amazon is set to begin, alleging the company deceived customers regarding Prime subscriptions [8] - Citi analysts believe Meta Platforms' smart glasses could reach a "tipping point" next year, maintaining a buy rating with a price target of $915 [9] - U.S. lawmakers discussed a potential Boeing deal with Chinese leaders, with Boeing having a significant manufacturing presence in Washington [10]
Plug Power stock price forecast as short squeeze intensifies
Invezz· 2025-09-23 13:00
Core Viewpoint - Plug Power's stock price has experienced a significant rebound, rising from a low of $0.6867 in May to $2.65 currently, indicating strong market recovery and investor interest [1] Price Movement - The stock has increased for eight consecutive days, reaching its highest level in recent months, reflecting positive momentum in the market [1]
Edp CEO Sees More Stability in US Renewable Energy
Yahoo Finance· 2025-09-23 12:48
Edp CEO Miguel Stilwell D'Andrade discusses optimism around US energy policy, the level of power needed to fuel artificial intelligence technology, and the company's strategy in establishing its global footprint. ...
Ameresco, Republic Services and U.S. Energy Host Open House Ceremony at Lee County Landfill Renewable Natural Gas Facility, Celebrate Completion of 15th Project in Ongoing Partnership with Republic Services and Ameresco
Businesswire· 2025-09-23 12:05
Core Insights - Ameresco, Inc. is celebrating the completion of a renewable natural gas (RNG) facility at the Lee County Landfill in Dixon, IL, marking a significant milestone in their collaboration with Republic Services and U.S. Energy [1] Company Overview - Ameresco, Inc. is a leading energy solutions provider focused on assisting customers in navigating the energy transition [1] - The completed RNG facility is the 15th renewable energy facility developed in partnership with Republic Services [1]
Westbridge Renewable Energy Announces Cash Dividend of CAD 0.20 Per Share
Prnewswire· 2025-09-23 11:00
CALGARY, AB , Sept. 23, 2025 /PRNewswire/ -Â Westbridge Renewable Energy Corp. (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) ("Westbridge", "Westbridge Renewable" or the "Company") is pleased to announce that its Board of Directors has approved a cash dividend in the amount of CAD 0.20 per share, to be distributed to shareholders of record as of 3rd October 2025 (the "Record Date"), with payment on or around 17th October 2025 (the "Distribution Date"), subject to TSX Venture Exchange approval. ...