Aspen Aerogels (NYSE:ASPN) Q4 2025 Earnings call February 25, 2026 08:30 AM ET Company ParticipantsDonald Young - President and CEOGrant Thoele - Chief Financial Officer and TreasurerNeal Baranosky - Senior Director, Head of Investor Relations and Corporate StrategyConference Call ParticipantsChip Moore - Managing Director and Senior Research AnalystColin Rusch - Managing Director, Senior Research Analyst, and Head of Sustainable Growth and Resource Optimization ResearchEric Stine - Senior Research AnalystG ...

Aspen Aerogels (NYSE:ASPN) Q4 2025 Earnings call February 25, 2026 08:30 AM ET Company ParticipantsDonald Young - President and CEOGrant Thoele - Chief Financial Officer and TreasurerNeal Baranosky - Senior Director, Head of Investor Relations and Corporate StrategyConference Call ParticipantsChip Moore - Managing Director and Senior Research AnalystColin Rusch - Managing Director, Senior Research Analyst, and Head of Sustainable Growth and Resource Optimization ResearchEric Stine - Senior Research AnalystG ...

Core Insights - Statkraft has signed a power purchase agreement (PPA) for two battery energy storage systems (BESS) with OX2 in Finland to manage wind power volatility and ensure supply reliability [1] - The installed wind power capacity in Finland has nearly tripled from 3,257 megawatts (MW) in 2021 to 9,433 MW in 2025, accounting for 28% of total power generation [1] - The number of hours with negative power prices in Finland has surged from five in 2021 to a peak of 724 hours in 2024, indicating increased electricity market volatility [1] Company Developments - Statkraft will optimize the use of two large-scale battery systems of 110 MW and 125 MW being developed by OX2, with the deal starting in 2028 and lasting for seven years [1] - The battery systems will be co-located with OX2's wind farm projects, sharing a grid connection point to enhance efficiency [1] - OX2 is also expanding its battery systems in other countries, including Australia, Poland, Italy, and Sweden, indicating a broader strategy in energy storage solutions [1] Industry Trends - Finland's electricity storage capacity is currently around 1,050 MW, with grid operator Fingrid emphasizing the importance of suitable connection points to prevent bottlenecks [1] - The rapid expansion of wind power in Finland has led to increased price volatility, necessitating the integration of large-scale battery systems to stabilize the grid [1] - The trend of negative power pricing reflects the challenges faced by renewable energy markets, highlighting the need for innovative solutions like battery storage to manage supply and demand effectively [1]

A strategic pivot toward Battery Energy Storage Systems (BESS) and AI data center infrastructure is underway, highlighted by a new partnership with ON Energy to provide resilient power solutions.The company is consolidating operations into a new state-of-the-art facility to improve long-term productivity and scalability, though it currently faces temporary inefficiencies from redundant plant overhead.International expansion is yielding tangible results, with revenue growing from less than $1 million in 2024 ...

Core Viewpoint - The Supervisory Board of "Ignitis grupė" has selected candidates for a new four-year term for the Management Board, expected to take office on March 26, 2026, ensuring continuity in the Group's strategy and leadership [1][8]. Group Management Board Composition - The new Management Board will consist of five members, including four current members and one new member with extensive experience in the energy sector [2]. - Darius Maikštėnas will continue as Chair of the Management Board and CEO, having led the transformation of "Lietuvos energija" into "Ignitis grupė," the largest listed company in the Baltic States, with financial results doubling and a threefold increase in renewable energy projects during his tenure [2]. - Jonas Rimavičius, the Group CFO, has overseen key strategic initiatives, including a successful IPO and green bond issuances, contributing to the Group's long-term growth strategy [3]. - Dr. Živilė Skibarkienė, Chief Organisational Development Officer, has led enterprise-wide transformation and digitalization efforts, earning the Group the "Top Employer" rating five times [4]. - Mantas Mikalajūnas, Chief Regulatory Officer, has nearly two decades of experience in the energy sector, overseeing regulated activities and government relations [5]. - Vytenis Koryzna, the new member, brings over a decade of experience in renewable energy and strategic leadership, previously serving as CEO of Detra Solar and Enefit Lithuania [6]. Selection Process - The selection process for the Management Board candidates was conducted by an external recruitment agency, with applications accepted until January 5, 2026, and candidates assessed based on their qualifications and experience [10]. Governance and Terms - The Management Board is elected for a four-year term, with the CEO also serving as the Chair of the Management Board, in accordance with corporate governance guidelines [8]. - The current term of the Management Board ends on March 25, 2026, and the second term of the current CEO, D. Maikštėnas, will conclude on February 28, 2027 [9].

Core Viewpoint - Bimergen Energy Corporation has announced a public offering of common stock and accompanying warrants, aiming to raise $13.6 million for the development of battery energy storage projects and working capital [1][2]. Group 1: Offering Details - The public offering price is set at $4.00 per share, with gross proceeds expected to be $13,600,000 before underwriting discounts and expenses [1]. - Each warrant is exercisable for one share of common stock at an exercise price of $5.00, valid for five years from issuance [1]. - Underwriters have a 45-day option to purchase an additional 200,000 shares and/or warrants to cover over-allotments [1]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for the development of battery energy storage systems (BESS) projects and for working capital [2]. Group 3: Trading Information - The shares and warrants are expected to begin trading on the NYSE American under the symbols "BESS" and "BESSWS" on February 20, 2026, with the offering closing on February 23, 2026, pending customary closing conditions [2]. Group 4: Company Overview - Bimergen Energy Corporation is a U.S.-based independent power producer focused on the development, ownership, and operation of standalone battery energy storage systems [5]. - The company manages the entire project lifecycle, including site selection, permitting, engineering, procurement, construction, and operations, with a portfolio across multiple power markets in the U.S. [5].

Newport Beach, CA, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (“Bimergen” or the “Company”) (NYSE American: BESS, BESSWS), a utility-scale battery energy storage systems (BESS) asset owner, project developer, and independent power provider, today announced the pricing of an underwritten public offering of common stock (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) and one accompanying warrant per common stock or Pre-Funded Warrant, at a public offering price of $4.00, fo ...

Asked whether ReNew plans to manufacture BESS, Sinha said the company has not “actively looked at” battery manufacturing. He cited the lack of import restrictions on batteries and cells from China, rapid technology shifts in batteries requiring specialized expertise, and the view that cell manufacturing is largely driven by electric vehicle demand—an end market ReNew is not targeting.In discussing economics, Sinha said solar has historically delivered higher returns than wind due to long-term capex reductio ...

Financial Data and Key Metrics Changes - Adjusted EBITDA increased by 31% to INR 74.8 billion for the nine months ending December 31, 2026, with a more than sixfold increase in profit after tax [7][18] - Revenue increased by 48% for the first nine months of the fiscal year compared to the previous year, driven by an increase in megawatts and contributions from the manufacturing business [18] - Headline leverage decreased from 8.2x in December 2024 to 7x debt to EBITDA currently, with a trailing twelve-month leverage of approximately 5.6x for the operating portfolio [19][27] Business Line Data and Key Metrics Changes - Operating capacity increased from 10.7 gigawatts to 11.8 gigawatts, a 19% increase after adjusting for the sale of 900 megawatts [5][17] - The manufacturing business contributed INR 10.8 billion to Adjusted EBITDA for the first nine months, with an external order book of 900 MW [9][15] - The company sold another 300 MW of solar assets this quarter, raising a total of $275 million through capital recycling this year [20] Market Data and Key Metrics Changes - The electricity demand in India has shown recovery, with expectations for power demand to return to normal levels in fiscal 2027 [5] - The financing environment remains favorable, with interest rates on a downward trend, benefiting the overall economic outlook [4] Company Strategy and Development Direction - The company is shifting its focus from wind projects to more battery energy storage systems (BESS) and solar capacity to lower capital expenditure and execution risk [6][13] - The strategic path forward includes optimizing the portfolio for lower execution risk and more predictable cash flows, with a focus on balance sheet strength and reducing leverage [13][27] - The company aims to construct between 1.8 and 2.4 GW in the fiscal year ending March 31, 2026, with increased guidance for Adjusted EBITDA [27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macroeconomic environment, citing a recent trade deal between India and the U.S. that is expected to benefit the economy [4] - The company is committed to ESG initiatives, having received high ratings from LSEG and CDP, and aims to maintain leadership in sustainability within the sector [10][24] Other Important Information - The company has achieved water positive certification for two sites and continues to focus on reducing emissions and enhancing sustainability practices [10][25] - The company has been consistently growing its EBITDA at approximately 17% per year since its listing, relying on capital recycling without issuing new equity [12] Q&A Session Summary Question: Can you elaborate on the revised strategy towards more solar and BESS projects? - Management explained that the decision to decrease wind capacity was driven by lower costs for BESS and solar, improved execution capabilities, and historical performance issues with wind [30][33] Question: What is the update on transmission project delays and curtailment? - Management acknowledged these issues and noted that the government is actively working on solutions to improve transmission execution and address curtailment losses [40][41] Question: Are margins in cell manufacturing compressing? - Management indicated that margins have held up well, with a temporary lull during monsoons, but demand remains reasonable [44]

Q3 FY26 Results Presentation February 16, 2026 Disclaimer Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," ...