PITTSFORD, N.Y.--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (Nasdaq: GREE) ("Greenidge†or the "Company†), a vertically integrated cryptocurrency datacenter and power generation company, today announced financial and operating results for the third quarter ended September 30, 2025 and provided an update on the Company's growth prospects. Recent Highlights: Announced a landmark agreement with the New York State Department of Environmental Conservation ("NYSDEC†) providing a pathway for. ...

Core Insights - GE Vernova and Siemens Energy are negotiating to supply gas turbines for a $7 billion project aimed at rebuilding Syria's war-damaged power sector [1] Company Analysis - GE Vernova is involved in discussions to provide gas turbines, indicating a strategic move into the reconstruction of energy infrastructure in conflict-affected regions [1] - Siemens Energy is also participating in these talks, highlighting its interest in expanding its footprint in the Middle Eastern energy market [1] Industry Context - The project represents a significant investment in the energy sector of Syria, which has been severely impacted by years of conflict, suggesting potential growth opportunities for companies involved in energy infrastructure [1] - The collaboration between U.S. and German firms reflects a trend of international partnerships in rebuilding efforts in post-conflict areas, which may influence future investments in similar regions [1]

By Timour Azhari and Christoph Steitz RIYADH/FRANKFURT (Reuters) -U.S. firm GE Vernova and Germany's Siemens Energy are in talks to supply gas turbines to a $7 billion project aiming to rebuild ​Syria's war-damaged power sector, three people familiar with the matter told Reuters. Syria signed a deal with a ‌subsidiary of Qatar's Power International Holding in May to build four combined-cycle gas turbine power plants with a total capacity of 4,000 megawatts. The ‌agreement also includes a 1,000-MW solar c ...

Core Insights - Northland Power Inc. reported strong operating results with a 96% availability rate and progress on offshore wind projects in Europe [2][3] - The company adjusted its annual dividend to $0.72 per share to enhance financial flexibility for self-funded growth while maintaining an investment-grade balance sheet [3] - Northland's financial outlook for 2025 remains unchanged, with expected Adjusted EBITDA between $1.2 billion and $1.3 billion and Free Cash Flow per share between $1.15 and $1.35 [34] Financial Performance - Revenue from energy sales for Q3 2025 was $554 million, up from $491 million in Q3 2024, reflecting an increase of 13% [7][9] - Net loss for Q3 2025 was $456 million compared to a net loss of $191 million in Q3 2024, primarily due to impairment expenses and fair value losses [24][9] - Adjusted EBITDA for Q3 2025 was $257 million, an increase of 13% from $228 million in Q3 2024, driven by higher production and energy rates [11][27] Project Updates - The Hai Long offshore wind project, with a capacity of 1.0 GW, is on track for full commercial operations in 2027, although slower turbine commissioning may impact pre-completion revenues by approximately $150 million to $200 million in 2026 [7][3] - The Baltic Power offshore wind project, with a capacity of 1.1 GW, is also progressing well and is expected to reach full commercial operations in the second half of 2026 [7][3] - Development of the ScotWind offshore wind projects is ongoing, with community consultations completed and consent submissions expected soon [7] Cash Flow and Liquidity - Cash provided by operating activities in Q3 2025 was $325 million, compared to $196 million in Q3 2024, indicating a significant increase in operational cash flow [29][8] - Free Cash Flow for Q3 2025 was $45 million, a 131% increase from $19 million in Q3 2024, attributed to higher Adjusted EBITDA and operational efficiencies [31][29] - As of September 30, 2025, Northland had available corporate liquidity of $1,047 million, including $180 million in cash and approximately $867 million in revolving credit capacity [8]

Core Insights - The energy sector is experiencing unprecedented load growth driven by data center demand, leading to a shift in generation and procurement strategies among utilities [2][4][5] - Traditional engineering, procurement, and construction (EPC) models are being disrupted by urgent timelines and equipment shortages, necessitating a more integrated approach to project execution [8][9][13] - Workforce shortages are emerging as a critical constraint, with a significant need for skilled labor to support the expanding energy infrastructure [17][18] Group 1: Load Growth and Demand - Utilities are signing large-load agreements to meet accelerated demand, with Southern Co. securing over 2 GW in recent contracts and projecting a 50-GW pipeline through the mid-2030s [2] - NextEra Energy has a 30-GW renewables and storage backlog, driven by partnerships with data centers, highlighting the shift towards bespoke generation agreements [3] - Dominion Energy reports a 17% increase in data center demand, with 47 GW in various contracting stages, emphasizing the need for timely resource development [4] Group 2: EPC Model Transformation - The traditional EPC model is being inverted due to geopolitical tensions and supply chain disruptions, leading to a focus on urgency rather than cost [8][9] - Companies like Burns & McDonnell are integrating consulting with execution to address the complexities of energy transition and project delivery [13] - The urgency of data center timelines is forcing utilities to adapt their project execution strategies, with a shift from "Ready, Set, Go" to "Ready, Go, Set" [13] Group 3: Workforce Challenges - The global power engineering workforce needs to double by 2030 to meet infrastructure demands, with significant competition for skilled labor [17] - Companies are investing in workforce development initiatives, such as Burns & McDonnell's Construction Academy, to address labor shortages [18] - Bechtel and Kiewit are implementing training programs to build a self-sustaining pipeline of skilled workers, recognizing the critical need for labor in project execution [18]

Companies tasked with tearing down, cleaning up, or repurposing a project site know the importance of strategic planning. The retirement of older thermal power generation facilities, driven by a transition to cleaner forms of energy, has increased in recent years as utilities and other power generators mothball plants that are uneconomic or simply no longer needed. Renewable energy resources are not immune. A report from UK-based global insurance broker Gallagher Specialty last year noted, “A growing number ...

Core Insights - The article emphasizes the importance of defining energy procurement objectives, including contract types, energy sources, and ownership of generation assets [1] - It highlights the necessity of clear and specific contract language to mitigate risks and avoid disputes during power project construction [1][3] - The article discusses the evolving landscape of power purchase agreements (PPAs) and their critical role in financing renewable energy projects [4][8] Group 1: Contract Negotiation and Structure - Businesses must assess their energy needs and conduct market research to inform contract negotiations, including understanding pricing and regulatory issues [2] - Clear responsibilities for managing supply chain disruptions should be established in contract negotiations to avoid unexpected project delays [3] - Different types of PPAs exist, including traditional PPAs for physical delivery of electricity and virtual PPAs (or contracts for difference) that hedge against price volatility [4][5] Group 2: Risk Management and Compliance - Contracts should address legal, regulatory, and commercial factors, ensuring alignment with environmental regulations and ESG commitments [5] - Key considerations include defining reliability and performance standards, force majeure protections, and liquidated damages [5] - Thoughtful risk allocation is essential, with contracts needing to provide flexibility and off-ramps for uncontrollable circumstances [8] Group 3: Financial Implications and Market Dynamics - Long-term PPAs are crucial for financing renewable energy projects, providing predictable cash flows for investors and stable pricing for buyers [8] - The article notes that in a post-tax credit environment, power prices are expected to adjust, potentially leading to higher PPA pricing [8] - The importance of creative financing and new business models is highlighted to offset the loss of tax credits and maintain project viability [8]

Core Viewpoint - Drax Group Plc shares have surged due to investor optimism that UK utilities could benefit from the expanding data center industry in the UK [1][2]. Company Summary - Drax's stock increased by as much as 8.5% following RWE AG's announcement of a €225 million ($261 million) gain from a UK data center project, highlighting the potential value of converting former power sites into data hubs [2]. - Barclays analysts estimate that Drax's 250-acre site, which has existing grid connections, could be valued at up to £500 million if developed for data hosting [3]. - Drax plans to build a 100-megawatt data center at its biomass power station by 2030, which could diversify its revenue streams as demand for digital power rises [6]. Industry Summary - Data centers are rapidly increasing global power demand, with the UK grid struggling to keep up; they now account for over half of new grid connection requests and could consume electricity equivalent to one-third of Britain's peak demand [4]. - Redeveloping existing industrial or power generation sites into data centers is a practical solution to grid congestion, making such properties increasingly valuable and scarce [4]. - RWE's project was valued at approximately €1 million per megawatt of grid capacity, with similar valuations expected across Europe [5].

Core Viewpoint - Hyliion Holdings has significantly reduced its full-year revenue guidance, leading to a sharp decline in its stock price, which fell approximately 13.5% following the announcement [1][5]. Group 1: Company Overview - Hyliion was originally established to develop hybrid-electric systems for heavy trucks and is now focused on launching a multifuel electric generator named Karno, which utilizes a flameless oxidation system to generate electricity from various fuels with minimal emissions [2][3]. - The first Karno power module has successfully met key testing benchmarks and is scheduled for a broader market launch in 2026 [3]. Group 2: Financial Performance - In the third quarter, Hyliion reported revenue of approximately $760,000, all derived from a contract with the U.S. Navy, which is utilizing Karno modules for an autonomous naval vessel under development [4]. - The company has revised its full-year revenue expectation to about $4 million, solely from the Navy contract, a decrease from the previous guidance of $5 million to $10 million [5][8]. - Hyliion anticipates recognizing revenue related to the Karno system starting next year and reported having $164.7 million in cash at the end of the quarter, sufficient to support operations until the commercial launch of Karno [6].

Core Viewpoint - GE Vernova Inc. (NYSE:GEV) is highlighted as a strong investment opportunity in the nuclear power sector, with expectations for nuclear plants to be operational by 2029 [2][3]. Group 1: Company Insights - GE Vernova is recognized for its capabilities in power generation equipment, particularly in the nuclear power industry [2]. - The company is currently facing supply constraints with its power equipment, specifically large turbines that utilize natural gas [3]. - GE Vernova's large machinery, which can cost up to $100 million each, is seen as a strategic asset for trade relations, particularly with the current administration [3]. Group 2: Industry Context - The nuclear power sector is gaining attention, with GE Vernova positioned as a leading player amidst discussions of nuclear stock investments [2]. - The timeline for bringing nuclear plants online is a critical factor, with GE Vernova projecting a 2029 operational date [2][3].