SAN DIEGO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- NeoVolta Inc. (NASDAQ: NEOV), a U.S. energy-storage technology company, announced today that it is advancing a strategic collaboration with Luminia LLC (“Luminia”), a developer of solar and energy storage projects, under a non-binding framework that contemplates the potential development of a portfolio of solar-plus-storage projects planned across California, subject to the parties entering into definitive agreements.Luminia is developing multiple front-of-the-me ...

Core Insights - Northland Power Inc. announced a strategic update and 2030 outlook, focusing on growth priorities and key initiatives to enhance shareholder value [1][3] Strategic Highlights - The company is transitioning from three technology-based business units to two regional hubs: Americas and International, aiming to eliminate duplication and enhance operational efficiency [3] - Northland's strategy emphasizes safety, operational excellence, and disciplined capital allocation to achieve sustainable and profitable growth [3] - The strategic update outlines three key horizons: Deliver, Strengthen, and Grow, to ensure resilience and value creation for shareholders [3] Business Update - Northland acquired two late-stage battery energy storage projects in Poland, totaling 300 MW / 1.2 GWh, with a total estimated cost of €200 million [4] - The Nordsee One offshore wind farm signed a five-year Power Purchase Agreement (PPA) with Shell for approximately one-third of its production, starting in June 2027 [5] Financial Framework and Future Outlook - The company aims to double its gross operating capacity to 7 GW by 2030 and targets a minimum project return of 12% [7] - Northland is implementing a cost optimization program targeting over $50 million in annual savings by 2028 [7] - The company projects a 10% total shareholder return and a 6% Free Cash Flow per share compound annual growth rate, forecasting FCF/share to be between $1.55 and $1.75 by 2030 [7] Operational Capacity and Growth - Northland has over 2.2 GW of projects under construction and a pipeline of 2.7 GW in mid-to-late stage development [8] - The company plans to utilize non-recourse project-level financing as the primary funding source, supplemented by asset sell-downs and partner equity [9]

Core Insights - Canadian Solar, Inc. (CSIQ) reported a narrower adjusted loss of 58 cents per share for Q3 2025, compared to the Zacks Consensus Estimate of a loss of $1.08, but the loss widened from 31 cents in the same quarter last year [1] - The company achieved revenues of $1.49 billion, exceeding the Zacks Consensus Estimate of $1.43 billion by 4.2%, although this represents a 1.3% decline from $1.51 billion in the prior year due to lower solar module sales [2] - CSIQ's gross margin improved to 17.2%, surpassing the guided range of 14-16%, driven by higher contributions from battery energy storage systems [3][8] Revenue and Operational Performance - Solar module shipments totaled 5.1 gigawatts (GW), reflecting a 39% year-over-year decline [3] - Total operating expenses decreased by 10.3% year over year to $221.7 million, attributed to cost reductions and the absence of impairment charges [4] - Depreciation and amortization charges were $132.8 million, slightly down from $134 million in the previous year [4] Financial Position - As of September 30, 2025, Canadian Solar's cash and cash equivalents stood at $1.76 billion, an increase from $1.70 billion at the end of 2024 [5] - Long-term borrowings rose to $3.50 billion from $2.73 billion as of December 31, 2024 [5] Future Guidance - For Q4 2025, Canadian Solar expects module shipments between 4.6-4.8 GW and battery energy storage shipments of 2.1-2.3 gigawatt-hours (GWh) [6] - Total revenues for Q4 are anticipated to be in the range of $1.3-$1.5 billion, with the Zacks Consensus Estimate for Q3 sales at $1.63 billion [6] - For the full year 2025, the company projects total module shipments of 25-30 GW and battery energy storage shipments of 14-17 GWh [7]

Core Viewpoint - Oman Tank Terminal Company (OTTCO) and Royal Vopak have signed a strategic agreement to establish a joint venture in the Special Economic Zone at Duqm, reflecting a commitment to expand investments and attract foreign partnerships in a growing industrial hub [1][2]. Group 1: Joint Venture Details - The new company will be owned 51% by OTTCO and 49% by Vopak, focusing on developing and operating energy storage and terminal infrastructure at Duqm [2]. - The partnership aims to support both traditional energy flows and the evolving demands of the global energy transition towards sustainable ecosystems [2][3]. Group 2: Strategic Importance - The collaboration combines OTTCO's role in crude storage and transport with Vopak's expertise in terminal operations, positioning Duqm as a strategic location along key international shipping routes [3]. - The initiative aligns with Oman's national strategy to diversify its economy and enhance Duqm's role as a competitive global economic center [5]. Group 3: Current Operations and Capacity - OTTCO operates the Ras Markaz crude oil storage terminal with a capacity of 26.7 million barrels, including 5.2 million barrels for the Duqm Refinery, and has handled over 176 million barrels of crude oil since operations began in 2023 [4]. - The company also manages the Duqm Port storage and export terminal, having processed over 21 million barrels through 560 vessels [4]. Group 4: Investment Context - OQ Group has over USD 10 billion in total investments and partnerships in Duqm, including the Duqm Refinery joint venture with Kuwait Petroleum International [6].

Core Insights - Capital Power Corporation (TSX:CPX) is a significant North American power producer focusing on reliable cash flows from contracted assets and growth through lower-carbon projects [1][2] - The company operates a diversified portfolio of power generation facilities, including natural gas, wind, solar, waste heat, and battery storage, aiming for stable cash flows while capturing market opportunities [3][4] Business Model and Strategy - The business model blends revenue from long-term contracted assets with selective merchant exposure, providing predictable cash flows and growth potential [3][4] - Capital Power emphasizes disciplined growth and shareholder returns, with a public dividend growth guidance of approximately 6% annually through 2025 [4][15] - The company has a Green Financing Framework aimed at funding lower-carbon projects, reflecting its commitment to sustainability [5][29] Operational Overview - Facilities are strategically located across Canada and the United States, providing geographic and regulatory diversification [5][21] - The operational mix includes natural gas for baseload and peaking capacity, renewable assets for clean energy, and battery storage systems for grid flexibility [20][22] - Recent projects, such as the York and Goreway battery energy storage systems, demonstrate the company's focus on integrating storage to enhance grid reliability [22][24] Financial Metrics - Capital Power's revenue typically falls within the multi-billion CAD range, with a mix of contracted and merchant revenues [11][13] - The company maintains an investment-grade credit profile, supporting its ability to deliver consistent cash returns to shareholders [19][31] - Market capitalization and revenue trends are closely monitored by market participants, reflecting the company's performance and market conditions [12][14] Competitive Positioning - Capital Power is positioned between regulated utilities and independent power producers, offering a hybrid profile that appeals to both income-focused and total-return investors [4][8] - The company is frequently compared with peers like TransAlta Corporation and Brookfield Renewable Partners, with a focus on balancing contracted revenue and merchant exposure [8][21] - Its strategic balance allows Capital Power to pursue decarbonization while maintaining cash flow stability, making it relevant in the transition to lower-carbon electricity systems [10][42] Leadership and Governance - The management team has extensive experience in power generation and financial stewardship, which is critical for executing the company's long-term strategy [31][33] - Capital Power's governance emphasizes ESG integration and stakeholder engagement, aligning with its sustainability objectives [36][37] Market Position and Index Membership - The company is listed on the Toronto Stock Exchange (TSX:CPX) and is included in various market indices, which influences institutional ownership and liquidity [37][38] - Capital Power's market position is evaluated relative to peers, with a focus on its investment-grade credit rating and growth potential in lower-carbon projects [40][42]

Core Insights - N2OFF, Inc. is making significant advancements in solar energy and energy storage projects across Germany, Italy, and Poland, emphasizing its commitment to the clean energy transition [1][4]. Key Solar and Energy Storage Projects - The Melz Solar PV Project in Germany has a capacity of 111 MWp and has achieved critical milestones, including municipal approval and entering the hearing process for RTB status targeted for 2026 [2][7]. - In Italy, two Battery Energy Storage Systems (BESS) projects in Sicily, each with a capacity of 98 MWp/392 MWh, are in development and expected to reach RTB status by mid-2027 [3][7]. Strategic Investments and Opportunities - N2OFF has allocated €600,000 in debt financing for the Melz BESS integration, with a 7% annual interest rate and a 25% profit-sharing agreement post-loan repayment [4]. - The joint venture with Solterra aims for a total portfolio capacity of approximately 300 MW across Europe, indicating a robust growth strategy in renewable energy [4][5].

Financial Data and Key Metrics Changes - Ameresco reported a strong financial performance with second quarter revenue growing 8% and adjusted EBITDA increasing 24% year-over-year [15][17] - Net income attributable to common shareholders was $12.9 million, or $0.24 per share, with non-GAAP EPS of $0.27, reflecting a 30% growth compared to last year [17] - Total project backlog increased 16% to a record $5.1 billion, with contracted project backlog rising 46% to $2.4 billion [18] Business Line Data and Key Metrics Changes - Projects revenue grew 8%, driven by strong performance across geographies, particularly from a European joint venture [15][16] - Energy asset revenue grew 18%, supported by an increase in operating assets, which now total approximately 750 megawatts [16] - Recurring O&M revenue maintained steady growth, while revenue from other business lines declined due to the divestiture of the AEG business [16] Market Data and Key Metrics Changes - Europe now accounts for approximately 20% of the total project backlog, indicating significant growth potential in that region [10] - The company is well diversified across public and private customers, with independent power producers now representing over 20% of the total project backlog [9] Company Strategy and Development Direction - Ameresco's strategy focuses on diversification across customer base, technology portfolio, and geographic reach to capitalize on growth opportunities [10][11] - The company is investing in human capital and technology, including small modular reactors and battery storage, to stay ahead of market trends [12] - The management highlighted the importance of energy infrastructure solutions in response to increasing electricity demand and utility rates [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the improved business environment with the federal government and ongoing federal contracts [13][88] - The company anticipates continued growth driven by rising electricity prices and the need for reliable energy supply [7][8] - Ameresco reaffirmed its guidance for 2025, indicating confidence in future performance despite potential regulatory changes [21] Other Important Information - The company raised approximately $170 million in new project financing during the quarter, including a $78 million note issuance [19] - Ameresco has a claim of approximately $27 million against a battery supplier that recently filed for bankruptcy, but this is not expected to impact project execution [20] Q&A Session Summary Question: Cash generation and net leverage perspective - Management indicated comfort with current leverage levels and expects to potentially reduce leverage as EBITDA grows and project collections occur [28] Question: Contracted backlog conversion trends - The increase in contracted backlog is driven by expanded service offerings and higher market demand, with margins trending positively [31][34] Question: Data center infrastructure exposure - Ameresco is actively working on energy supply projects for data centers, addressing the power shortage driven by new AI loads [36] Question: Equipment supply impact on growth - Supply tightness exists for certain equipment, but the company has managed to avoid delays in project implementation [42] Question: European operations strategy - Ameresco is focusing on organic growth in Europe while remaining open to acquisitions, particularly in battery storage and solar [46][47] Question: Federal business outlook - Management expressed optimism about federal contracts and the value proposition of energy savings in infrastructure upgrades [88][90] Question: Energy asset deployment guidance - The company maintains guidance of deploying 100 to 120 megawatts of energy assets by year-end, with expectations for a stronger Q4 [51][94] Question: RNG business outlook - Ameresco remains positive about the RNG business, especially with the ability to monetize investment tax credits [65] Question: SMR partnership with Terrestrial Energy - The partnership aims to explore next-generation firm energy solutions, with projects expected to take several years to develop [68]

Financial Performance - Q2 2025 revenue reached $15.2 million, nearly equivalent to the entire FY24 revenue[11], representing a 46% increase compared to Q1 2025's $10.5 million[22] - Total cash increased by 218% to $183.2 million compared to Q2 2024[11] - Adjusted EBITDA loss was $(51.6) million, with a margin of (339%), a 75 percentage point improvement QoQ[22] - Gross loss was $(31.0) million, with a margin of (203%), a 32 percentage point improvement QoQ[22] Commercial Growth - The commercial pipeline increased to $18.8 billion, representing approximately 77 GWh[11], a 21% increase from the previous quarter[21] - Orders backlog reached $672.5 million, representing approximately 2.6 GWh[11] - The lead generation pipeline is $15.1 billion, representing approximately 61 GWh, a 12% increase QoQ[21] Operational Improvements - Achieved a 40% improvement in discharge energy from launch[14] - The company is transitioning to CM positive cubes, increasing throughput and improving utilization[16] - Sub-assembly automation is driving faster throughput, improved consistency, and product performance, with a 64% improvement in part flatness[17]

Core Insights - The Southern Company's Georgia Power subsidiary received approval for its 2025 Integrated Resource Plan (IRP), which aims to address a projected increase in power demand of 8,500 MW and peak demand of 2,600 MW by 2030 due to industrial growth and AI-driven data centers in Georgia [1][9] Group 1: IRP Approval and Background - The approval of the 2025 IRP is a significant milestone in a collaborative regulatory process, building on previous actions such as the 2023 IRP Update and a plan to freeze Georgia Power's base rates through 2028 [2] - The IRP approval followed extensive deliberations and stakeholder input, focusing on investments in existing infrastructure, renewable energy procurement, and new transmission lines [3] Group 2: Capacity and Infrastructure Enhancements - A key component of the IRP is to extend the life of existing power plants, including nuclear upgrades at Vogtle Units 1 and 2, which will add 54 MW of emission-free energy, and natural gas additions at Plant McIntosh [4] - Hydropower plants like Tallulah and Bartlett's Ferry will undergo modernization to extend their operational lifespan by an additional 40 years [5] Group 3: Renewable Energy and Storage Initiatives - The IRP outlines plans to procure up to 4,000 MW of new renewable resources by 2035, starting with an initial 1,100 MW through competitive bidding, alongside a focus on Battery Energy Storage Systems with over 1,500 MW planned [6] Group 4: Grid Resilience and Customer Solutions - The plan includes a 10-year transmission build-out covering over 1,000 miles to enhance grid reliability and response to severe weather events, while also evaluating emerging grid-enhancing technologies [7] - Investments in customer-facing programs such as energy efficiency incentives and demand response tools aim to empower consumers to manage energy usage and costs [8]

Company Overview - AVTL is a joint venture between Aegis Logistics Limited and Vopak India BV, recognized as the largest Indian third-party owner and operator of tank storage terminals for liquefied petroleum gas and liquid products based on storage capacity as of December 31, 2024 [4] - The company operates a network of storage tank terminals with a total storage capacity of approximately 1.49 million cubic meters for liquid products and 70,800 metric tons for LPG as of December 31, 2024 [4] IPO Announcement - AVTL has received approval from the Securities and Exchange Board of India (SEBI) and has filed the Red Herring Prospectus with the Registrar of Companies Gujarat at Ahmedabad [2] - The price band for the primary equity issue is set between INR 223 to INR 235 per share, with a total IPO size of INR 28 billion at the upper end of the price band [2] - This marks a significant milestone in the IPO process, with further key stages to be announced in due course [3] Industry Context - Royal Vopak, the parent company, provides storage and infrastructure solutions for essential products, including energy sources, chemicals, and edible oils, supporting the global flow of supply and demand [5] - Vopak has a long history of over 400 years in the industry, focusing on safety, reliability, and efficiency, and is currently advancing infrastructure solutions for sustainable energy transitions [5]