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SUNation Energy Schedules 2025 Fourth Quarterand Full Year Financial Results and Conference Call
Globenewswire· 2026-03-16 12:30
RONKONKOMA, N.Y., March 16, 2026 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that it will issue its financial results for the fourth quarter and full year ended December 31, 2025 on Wednesday, March 18, 2026 after the close of the stock market. The Company will host a corresponding conference call on Thursday, March 19, 2026 at 9:00 a.m. ET, ...
Founder Group Limited Secures US$5 Million EPC Contract for a 5.5MW Solar Plant under Malaysia’s LSS5 PETRA Programme
Globenewswire· 2026-03-16 12:30
Company Overview - Founder Group Limited is a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic (PV) systems in Malaysia [1] - The company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [7] Recent Developments - Founder Group has secured a RM19.5 million (approximately US$5 million) EPC contract for a 5.5MW solar facility, awarded by a prominent solar investment company under Malaysia's Large Scale Solar 5 (LSS5) programme [1] - The project is expected to deliver a guaranteed Maximum Annual Available Capacity (MAAQ) of 13,568.8 megawatt-hours (MWh) during its first two years of operation, with commercial operation scheduled to begin by May 1, 2027 [5] Industry Context - The LSS5 programme represents Malaysia's largest solar tender to date, with a total generation quota of 2,000 megawatts (MW), more than doubling the capacity offered in previous iterations [2] - Since its inception in 2016, the LSS programme has approved approximately 121 projects, representing a combined capacity of 6,228 MW and an estimated investment value exceeding RM21 billion [4] - The rollout of LSS PETRA and LSS PETRA 5+ is part of Malaysia's strategy to accelerate renewable energy deployment, supporting the nation's target of achieving Net Zero emissions by 2050 [3] Market Sentiment - The contract win aligns with positive market sentiment regarding Malaysia's renewable energy landscape, with analysts maintaining an "overweight" stance on the sector due to consistent policy execution and strong momentum in the solar segment [6]
Econergy secures €31m project financing for its 60MW Ovidiu PV project in Romania
Globenewswire· 2026-03-16 08:48
Core Insights - Econergy Renewable Energy Ltd. has signed a €31 million project finance agreement with Kommunalkredit for its ~60MW Ovidiu PV project in Romania, marking a significant step in the company's expansion in the region [1][3] - The financing will cover development and construction costs, as well as refinance related shareholder loans, facilitating the project until it reaches commercial operation [1] - The company plans to integrate a Battery Energy Storage System (BESS) at the Ovidiu site, with construction expected to start by the end of the year, aligning with its hybridization strategy [2] Company Strategy and Market Position - The Ovidiu financing enhances Econergy's capital structure and supports its strategy of scaling bankable, execution-ready renewable assets across Europe [4] - Romania is identified as a core growth market for Econergy, which has a diversified pipeline of solar and storage assets at various development stages [4] - The transaction represents the second project finance agreement with Kommunalkredit, indicating the bank's confidence in Econergy's project quality and execution capabilities in the Romanian market [3] Company Overview - Econergy Group is a leading European Independent Power Producer (IPP) and developer specializing in solar PV, wind, and energy storage projects across key European markets, including Romania, the UK, Italy, Germany, Poland, Spain, and Greece [4] - The company has a robust project pipeline exceeding ~13GW, positioning it at the forefront of Europe's renewable energy transition [4]
Why FTC Solar’s Expanded Strata Deal Adds Long-Term Supply Visibility
Yahoo Finance· 2026-03-14 17:38
Core Insights - FTC Solar, Inc. has signed a five-year, 1,000-megawatt expansion to its tracker supply agreement with Strata Clean Energy, set to take effect in the second half of 2027, enhancing their existing partnership [1][2] - The new agreement builds on a previous three-year, 500 MW supply agreement that began in September 2024, under which FTC Solar became Strata's preferred supplier [2] - FTC Solar reported fourth-quarter 2025 revenue of $32.9 million, reflecting a 26.2% increase from the prior quarter and a 148.9% increase year-over-year, alongside a significant improvement in gross margin [3] Company Overview - FTC Solar, Inc. specializes in providing solar tracker systems, software, and engineering services aimed at optimizing energy production for solar power installations [4]
Why Tigo Energy’s CELTEC Deal Matters for Solar Safety Compliance in Central America
Yahoo Finance· 2026-03-14 17:38
Group 1 - Tigo Energy, Inc. has entered a strategic partnership with CELTEC to expand the distribution of its renewable energy products in Central America and the Caribbean [1][2] - The partnership aims to enhance safety and regulatory compliance as solar adoption increases in these regions, particularly aligning with NEC 2017 and NEC 2020 requirements [2][3] - A key product from this collaboration is the TS4-A-2F rapid shutdown solution, which complies with module-level shutdown requirements and is designed to reduce installation time and connections [3] Group 2 - Tigo Energy develops smart hardware and software for solar systems, including module-level power electronics, monitoring platforms, inverters, and battery storage products for various applications [4]
Light Hunter Launches Solar Pergola in Germany, Bringing Clean Energy into Everyday Outdoor Living
Globenewswire· 2026-03-13 15:14
Core Insights - Light Hunter has launched its Solar Pergola in Germany, addressing the increasing demand for solar solutions that are both regulation-friendly and architecturally integrated into living spaces [1] Product Features - The Solar Pergola is designed for modern courtyards and private gardens, transforming outdoor spaces into functional, low-carbon extensions of homes by embedding clean energy generation into the pergola's rooftop louvers [2] - The photovoltaic louvers convert sunlight into clean electricity while providing adjustable shading, positioned within Germany's 800W small-scale PV category, which simplifies approval procedures for installation [4] - The pergola includes intelligent control features for convenience, such as rain sensing and remote control for motorized louvers and side screens, enhancing usability in varying weather conditions [5] Design and Aesthetics - The Solar Pergola features a minimalist design with calm lines and balanced proportions, intended to blend seamlessly into contemporary homes rather than dominate them [6] - As a non-enclosed structure with adjustable louvers, it may benefit from simplified approval requirements compared to fixed building extensions [6] Market Readiness - Light Hunter has sample availability in Europe and is prepared for mass production and delivery to support partner deployments as the product enters the market [7] Company Overview - Light Hunter focuses on developing smart solar outdoor living solutions that integrate renewable energy into everyday spaces, emphasizing sustainability, intuitive control, and minimalist design [8]
Enphase’s Comeback Is Already Underway (NASDAQ:ENPH)
Seeking Alpha· 2026-03-13 13:46
Core Viewpoint - Enphase Energy is undergoing a recovery phase after experiencing a significant decline in stock value, losing nearly 90% from its all-time highs due to factors such as decreasing solar demand, policy challenges, and inventory adjustments [1] Group 1: Company Performance - The stock of Enphase Energy has faced a drastic drop of nearly 90% from its peak, indicating severe market challenges [1] Group 2: Market Conditions - The decline in Enphase Energy's stock is attributed to a combination of declining solar demand, policy issues, and necessary inventory adjustments [1]
Nexentis Technologies Inc. Launches New Corporate Website, Showcasing Innovative AI-Driven Biotech Platform
Globenewswire· 2026-03-13 13:15
Core Insights - Nexentis Technologies Inc. has launched a new corporate website following its rebranding from N2OFF, Inc., emphasizing its focus on mitochondrial biology for advancements in precision oncology and inflammatory metabolic diseases [2][4] - The website serves as a hub for stakeholders, showcasing the proprietary MITOLINE™ discovery engine and the integration of MitoCareX Bio Ltd., which targets the mitochondrial SLC25 carrier family for drug development [3][6] - The company is also investing in solar energy assets under the Ready-to-Build (RTB) model, highlighting a balanced approach to value creation [3][6] Company Overview - Nexentis Technologies Inc. is a drug discovery company focused on cancer and inflammatory metabolic diseases, controlling 100% of MitoCareX Bio Ltd. [6] - The company has adopted an investment strategy in European renewable energy assets, currently leading four solar projects across three EU countries [6] - Nexentis also holds approximately 98% of Save Foods Ltd., which specializes in post-harvest treatment technologies to reduce pathogen contamination in fruits and vegetables [7]
SunPower Completes the Integration of Sunder Energy
Globenewswire· 2026-03-13 12:00
Core Insights - SunPower Inc. has successfully completed the integration of Sunder Energy, marking a significant milestone in its growth and operational transformation strategy [1][3] - The integration utilized a structured stage-gate methodology to ensure disciplined execution across corporate functions, embedding quality systems and customer success standards [2][3] Integration Process - The integration process involved five stage-gates, starting with Integration Review Zero (IR0) to create a detailed plan with 300 to 500 tasks necessary for successful integration [3] - Each stage-gate involves ten work groups led by 20 managers, with the completion of Sunder's 311 tasks taking six months [3] - The Quality Standard for First Pass Yields is set at 100%, emphasizing a commitment to 'First Time Right' execution across all integration phases [3] Future Plans - SunPower's integration pipeline includes upcoming acquisitions, Ambia and Cobalt, scheduled for completion in May and June 2026, respectively [3] - There is potential for one more acquisition, with two candidates currently being considered [3] Company Overview - SunPower is a leading residential solar services provider in North America, known for its high panel efficiency, reliability, and customer support [4] - The company's digital platform and installation services cater to customers transitioning to energy-efficient lifestyles [4]
Ashtrom secures $200m in financing for Texas solar project
Yahoo Finance· 2026-03-13 10:08
Core Insights - Ashtrom Renewable Energy has secured a financing agreement of approximately $200 million with BHI for the El Patrimonio solar project in Texas, which is expected to supply electricity to around 37,000 households and reduce carbon emissions by about 170 tonnes per annum once operational [1][2]. Financing and Agreements - The financing agreement represents a significant milestone for Ashtrom in the US renewable energy market, showcasing confidence from leading financial institutions in the company's growth potential [2]. - A separate agreement was made to sell the project's production tax credits over a ten-year period, further enhancing the project's financial viability [2]. Power Purchase Agreement - A 20-year power purchase agreement has been finalized with CPS Energy, where approximately 70% of the electricity produced will be sold directly to the municipal utility, with the remainder distributed through the Texas open electricity market [3]. Company Operations and Strategy - Ashtrom Renewable Energy operates under Ashtrom Group and has a pipeline of projects in the US totaling around 1.3 gigawatts in power generation and approximately 600 megawatt-hours in battery storage capabilities [4]. - BHI's CEO emphasized the commitment to support the growth of the renewable energy sector by working with various developers globally, indicating a strategic focus on expanding renewable energy projects [4].