Sydney, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc., a global leader in battery energy storage solutions, is pleased to announce that its Australian battery energy storage business has completed a financing raise with the Longreach Credit Investors and Australian Philanthropic Services Foundation. The syndicated facility provides up to AU$77 million over a 24-month period to fund the development of a 7 GWh pipeline and expand the platform within the Australian market. Scott Poulter, G ...

文 | 中关村储能产业技术联盟 据 外 媒 8 月 2 2 日 报 道 ， 阿 根 廷 Bu e n o s Air e s 大 都 会 区 （ AMBA ） 大 规 模 电 池 储 能 系 统 （BESS）招标共收到来自15家公司的2 7份提案，总规模达1 , 3 4 7MW，远超500MW的招 标规模。 阿根廷电力批发市场管理机构CAMMESA设定的 参考价格为15,000美元/MW/月 ，但大 多数投标价格远低于该水平。政府设定的授标价格门槛为参考价格的94%（约14,100美 元/MW/月），但由于报价极具竞争力，最终授标容量得到扩大。 在2 7份提案中，共有 7个项目中标 ，主要来自市场地位较强的企业： 此次AlmaGBA招标标志着阿根廷电力批发市场（MEM）的转型。这是首次由发电商和配 电公司直接签订合同，而CAMMESA充当担保人，而非购电方。 Ce ntr a l Pu e rt o 表现突出，其 150MW 项目以 1 0 1 6 1 美元 / MW / 月 中标，价格较参考 价低近 40%；其子公司 Ce ntr a l Co st a n e r a 的 55MW 项目以 11147 美 ...

Company Expansion - Richardson Electronics will expand its operations at its manufacturing headquarters in La Fox, Illinois, with a capital investment of over $8.5 million over the next four years [1][4] - The expansion will retain nearly 200 skilled employees and create 54 new full-time jobs in the region [1][4] Clean Energy Commitment - The expansion is supported by the Reimagining Energy and Vehicles in Illinois (REV Illinois) program, which aims to build a clean energy economy and attract investments [2][4] - Richardson Electronics plans to develop next-generation energy storage products to support electric grid stability, addressing issues like brownouts and reducing electricity costs [2][3] Technological Development - The company will invest in equipment and structural upgrades to research, develop, and produce battery energy storage system (BESS) technologies [2][3] - These technologies are targeted for industries such as manufacturing, healthcare, and critical infrastructure operations [2] State Support and Incentives - The REV Illinois program provides targeted support for clean energy production and advanced manufacturing, which includes tax credits for Richardson Electronics' capital investment [4] - The agreement specifies the retention of 190 jobs throughout the agreement period [4] Industry Context - Richardson Electronics' decision to expand aligns with other manufacturing companies establishing or expanding in Illinois, highlighting the state's skilled workforce and commitment to clean energy [3]

Summary of the Conference Call on the China Battery Sector Industry Overview - The conference call focused on the **lithium battery sector** in China, particularly in the context of the government's **anti-involution** policies aimed at reducing excessive competition and promoting sustainable growth [1][3]. Key Points and Arguments Current State of the Lithium Battery Sector - The lithium battery supply chain shows **divergent margin profiles** between upstream and downstream segments, with the upstream LFP cathode sector under significant stress, operating at approximately **70% cash cost levels** for the past three years [2][8]. - The **battery cell sector** downstream is healthier, with around **70% of capacity** operating above breakeven levels, indicating less immediate need for policy intervention [8]. Recent Developments - There have been no formal policy announcements regarding anti-involution; however, industry associations are promoting **self-discipline** among suppliers to stabilize prices and address capacity issues [4][5]. - Meetings among battery dry separator manufacturers and LFP cathode makers are being held to discuss price stabilization and capacity expansion suspension, reflecting a proactive industry response to government initiatives [5][9]. Impacts and Outlook - The **anti-involution initiative** is expected to lead to a comprehensive price recovery across the battery supply chain, with potential mid-high teen price hikes in battery average selling prices (ASP) if supply chain margins recover [15]. - A shift from **supply surplus to supply shortage** is anticipated by 2026, which could drive significant price increases and improve the financial health of Tier 2 competitors [20]. Investment Opportunities Hunan Yuneng - Hunan Yuneng is highlighted as a **key beneficiary** of the LFP cathode upcycle, with an estimated **34% market share** in 2024. The company is expected to deliver an **EPS CAGR of ~180%** from 2024 to 2026 [16][26]. - The target price for Yuneng is set at **Rmb62.0**, with a valuation methodology based on a near-term P/E of **17.5x** and a long-term P/E of **15x** for 2030 [24][25]. Hyperstrong - Hyperstrong, a leading BESS supplier with approximately **12% market share** in 2024, is expected to benefit from the surge in BESS installations, projecting a **38% EPS CAGR** from 2024 to 2027 [18][29]. - The target price for Hyperstrong is set at **Rmb106.0**, with a long-term P/E of **12x** for 2030 [27]. Additional Insights - The **demand for LFP cathodes** is projected to grow at a **volume CAGR of 24%** from 2024 to 2026, driven by the growth in Energy Storage Systems (ESS) and increased LFP penetration in the EV market [20]. - The **competitive landscape** is expected to evolve, with Hyperstrong's market share projected to decline from **12% in 2024 to 6% in 2030**, indicating potential challenges ahead [18][29]. Conclusion - The lithium battery sector in China is at a pivotal moment, with government policies aimed at stabilizing the market and promoting sustainable growth. Companies like Hunan Yuneng and Hyperstrong are positioned to capitalize on these trends, making them attractive investment opportunities in the evolving landscape of the battery industry [1][15][29].

Financial Performance & Guidance - Q3 2025 revenue reached $603 million[12], while adjusted EBITDA was $27 million[12] - The company reaffirmed its FY25 adjusted EBITDA guidance of $0-$20 million[12] - The company expects to be at the bottom end of the revenue guidance range of $2.6 billion[12] primarily due to slower US production ramp - The company delivered a 15.4% adjusted gross profit margin in Q3 2025[35] - The company has approximately $460 million in total cash as of June 30, 2025[12] Backlog & Pipeline - The company has approximately $4.9 billion in backlog as of June 30, 2025[12] - The company's pipeline is approximately $23.5 billion as of June 30, 2025[12] - $2.5 billion of FY'26 revenue is now secured in backlog[12] OBBBA & Tariffs - The Inflation Reduction Act (IRA) extends Section 48E ITC for storage through 2034, providing long-term security[16] - The IRA incentivizes an additional 10% ITC if minimum domestic content thresholds are met[16] - The company is working with domestic suppliers to ensure compliance with the OBBBA by the end of the year[19] - The total tariff on Chinese batteries in calendar year 2025 is projected to be 40.9%, and 58.4% in 2026[21] Market & Strategy - Two Australia contracts totaling approximately $700 million were added to the backlog[11] - Battery storage is now more cost-effective than gas, driving increased data center opportunities[44]

Sydney, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc., a global leader in battery energy storage solutions, is pleased to announce that its Australian battery storage business has signed a landmark framework agreement with Re2 Capital Ltd. (“Re2”). The agreement covers seven to 10-year capacity revenue swap arrangements across four Battery Energy Storage System (BESS) projects located in South Australia, Victoria, New South Wales, and Queensland, in support of 2GWh of new storage capaci ...

Core Insights - Pacific Green has entered into a 10-year tolling agreement with ZEN Energy for three Battery Energy Storage System (BESS) projects in Australia, totaling 1.5GWh of storage capacity, marking a significant growth phase for the company [1][2] - The agreement follows an initial offtake agreement of 500MWh for the Limestone Coast North project in South Australia, indicating a strategic expansion of Pacific Green's project portfolio [2] Company Developments - The new framework agreement allows Pacific Green to underwrite a significant portion of its development portfolio in Victoria, New South Wales, and Queensland, facilitating the industrialization of its project development processes [2] - The partnership with ZEN Energy is aimed at supporting sustainability-driven commercial and industrial customers while addressing the volatility in the energy transition [2]

Core Viewpoint - Georgia Power is expanding its energy mix to meet the growing energy needs of Georgia, with a focus on reliability and economic efficiency through a diverse range of resources including natural gas, battery energy storage systems (BESS), and solar energy [1][3]. Group 1: New Resource Certification - Georgia Power has requested certification from the Georgia Public Service Commission (PSC) for approximately 9,900 megawatts (MW) of new resources, primarily sourced from an "all-source" request for proposals (RFP) [1]. - The majority of the resources, about 8,000 MW, were selected based on bids from the RFP, which was approved in the 2022 Integrated Resource Plan (IRP) [1][2]. - The company is also seeking approval for an additional 1,886 MW of supplemental resources to meet near-term energy needs not covered by the initial RFP [2]. Group 2: Natural Gas and Emission Reduction - Georgia Power is incorporating cleaner natural gas into its generation mix, which has led to a reduction in overall carbon emissions by over 60% since 2007 [4]. - The filings include a request to certify five new combined cycle (CC) units totaling 3,692 MW, strategically located to ensure grid stability and support economic growth [4]. Group 3: Battery Energy Storage Systems (BESS) - The company is actively integrating BESS technology to enhance the reliability and resilience of the electric system, allowing for better management of renewable energy resources [5]. - Construction is underway for 765 MW of new BESS across Georgia, with additional requests for 10 new BESS facilities totaling 3,022.5 MW [6]. - The new BESS facilities will be strategically placed to maximize efficiency and reliability, with projects including solar energy integration [7]. Group 4: Project Details - Specific projects include: - Plant Bowen: Two CCs with a combined capacity of 1,482 MW [6]. - Plant McIntosh: One CC with a capacity of 757 MW [6]. - Plant Wansley: Two CCs with a combined capacity of 1,453 MW [6]. - Additional projects include eleven PPAs totaling 2,821 MW for new BESS facilities and natural gas generation [7].

Name change better reflects the Company's business which is focused on providing power to support the growing digital economyTORONTO, July 24, 2025 /PRNewswire/ - SolarBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the "Company"), a North American energy infrastructure developer and asset owner, is pleased to announce that it will be changing its name to "PowerBank Corporation" a step that reflects the Company's strategic focus, market opportunity and established position as a tr ...

Core Insights - The Argentine government has initiated the "AlmaGBA" bidding project with a total investment of approximately $500 million, aimed at generating 500 MW of energy storage capacity for the Buenos Aires Metropolitan Area (AMBA) [1][2] - A total of 15 companies submitted 27 different project proposals, with a combined power scale of 1,347 MW, significantly exceeding the required 500 MW [1] - The bidding process has specific requirements for battery energy storage systems (BESS), mandating that the equipment must be brand new and capable of continuous power supply for at least 4 hours during each complete discharge cycle [1] Investment and Project Details - The projects are expected to be completed within 12 to 18 months [2] - The payment standard for the bidding is set at a fixed price of $10,000 per MW for the supplied electricity, with a maximum cost for storage capacity bidding at $15,000 per MW per month, allowing for a potential annual revenue cap of $180,000 per MW [4] Contractual and Operational Framework - The results of the bidding will be announced on August 29, 2025, after which the winning bidders will sign storage contracts with distribution companies Edenor and Edesur [3] - The electricity wholesale market management company (CAMMESA) will be responsible for ensuring project operations, and will assume payment guarantee responsibilities in case of defaults by Edenor and Edesur, with a maximum guarantee period of one year [3] - The Argentine government is encouraging provincial authorities to adopt similar bidding activities to address critical grid issues identified by CAMMESA in other regions [3]