Other Energy

Gibraltar Announces First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Other Manufacturing, Technology, Agritech, Other Energy, Utilities, Other Technology, Manufacturing, Alternative Energy, Energy, Agtech, GAAP, EPS, Interest, Renewable energy

Operating margin increased 790 basis points driven by volume, price / cost alignment, ongoing strong execution, 80/20 productivity, and improving product mix.

Key Points: 
  • Operating margin increased 790 basis points driven by volume, price / cost alignment, ongoing strong execution, 80/20 productivity, and improving product mix.
  • Mr. Bosway concluded, “Our outlook for 2024 is unchanged.
  • Our first quarter results and momentum to date in the second quarter validate our expectation for strong performance in all four segments, with Renewables and Agtech returning to top-line growth and Residential and Infrastructure positioned to continue executing well.
  • ET to review its results for the first quarter of 2024.

Stryten Energy Awarded MAKE IT Prize Funding for SAVES Project

Retrieved on: 
Wednesday, May 1, 2024
Other Energy, Batteries, Other Manufacturing, Alternative Energy, Energy, Engineering, Technology, Manufacturing, MAKE, EERE, Renewable energy, OTT, OCED, Prize

Stryten Energy LLC, a U.S.-based energy storage solutions provider, has received an award from the U.S. Department of Energy through the MAKE IT Prize to build a domestic vanadium electrolyte manufacturing plant to support long duration energy storage.

Key Points: 
  • Stryten Energy LLC, a U.S.-based energy storage solutions provider, has received an award from the U.S. Department of Energy through the MAKE IT Prize to build a domestic vanadium electrolyte manufacturing plant to support long duration energy storage.
  • The Securing America’s Vanadium Electrolyte Supply (SAVES) project will deploy Stryten’s proprietary reactor design to provide domestically produced, low-cost electrolyte.
  • The Manufacture of Advanced Key Energy Infrastructure Technologies (MAKE IT) Prize was developed by the Office of Technology Transitions (OTT), the Offices of Clean Energy Demonstrations (OCED), and Energy Efficiency and Renewable Energy (EERE) with the goal of catalyzing the domestic manufacturing of critical clean energy technology components.
  • “Stryten Energy is building the foundation to meet the critical need for vanadium electrolyte, which is central to long-duration energy storage,” said Scott Childers, Vice President of Essential Power at Stryten Energy.

Greenidge Generation Announces Preliminary Financial and Operating Results for the First Quarter 2024 and Release of Investor Presentation

Retrieved on: 
Wednesday, May 1, 2024
Other Energy, Professional Services, Utilities, Fintech, Data Management, Alternative Energy, Energy, Technology, Cryptocurrency, Engineering, Finance, Manufacturing, Planet, Indian stock exchange, PST, Adjustment, Miner

Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”), a vertically integrated cryptocurrency datacenter and power generation company, today announced preliminary financial and operating results for the first quarter of 2024.

Key Points: 
  • Greenidge Generation Holdings Inc. (NASDAQ: GREE) (“Greenidge”), a vertically integrated cryptocurrency datacenter and power generation company, today announced preliminary financial and operating results for the first quarter of 2024.
  • Greenidge will be filing an updated investor presentation in conjunction with the event.
  • The preliminary financial and operating results set forth above for the three months ended March 31, 2024, reflect preliminary estimates with respect to such results based solely on currently available information, which is subject to change.
  • Readers are cautioned not to place undue reliance on such preliminary results which are unaudited and constitute forward-looking statements.

ProPetro Reports Financial Results for the First Quarter of 2024

Retrieved on: 
Wednesday, May 1, 2024
Energy, Other Energy, Oil, Gas, Permian, Increment, DGB, Investment, Capital, ExxonMobil, Depreciation, Partnership, Capital expenditure, Public expenditure, Acquisition, Share repurchase, Growth, Airline

ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the first quarter of 2024.

Key Points: 
  • ProPetro Holding Corp. ("ProPetro" or "the Company") (NYSE: PUMP) today announced financial and operational results for the first quarter of 2024.
  • Sam Sledge, Chief Executive Officer, commented, “We are excited to start off 2024 with strong financial results and positive momentum.
  • We’re excited to continue delivering differentiated services to our customers and strong financial returns for all our stakeholders.”
    David Schorlemer, Chief Financial Officer, said, "ProPetro's robust first quarter results reflect the strategy yielding results.
  • Frac fleet effective utilization is expected to be between 14 to 15 fleets during the second quarter 2024.

Gold H2 Appoints Prabhdeep Singh Sekhon as CEO

Retrieved on: 
Wednesday, May 1, 2024
Alternative Energy, Energy, Other Energy, Oil, Gas, Hydrogen, Carbon, NextEra Energy Resources, University, Texas A&M University, Emission intensity, Mechanical engineering, Investment, Direct air capture, New business development, DAC, Hess Corporation, Strategic planning, NextEra Energy, CCUS, Data science, Utilization, Petroleum engineering, Sekhon, Center of excellence, Multimedia, Biotechnology

Gold H2 , a Houston-based clean-hydrogen producing company, today officially announced that Prabhdeep Singh Sekhon has been appointed as Chief Executive Officer, effective immediately.

Key Points: 
  • Gold H2 , a Houston-based clean-hydrogen producing company, today officially announced that Prabhdeep Singh Sekhon has been appointed as Chief Executive Officer, effective immediately.
  • Following successful field trial results in 2022, Cemvita spun out Gold H2 as a separate business, Gold H2, Inc. (“GH2”).
  • “I was drawn to Gold H2 because of its innovative mission to support the U.S. economy in this historical energy transition,” said Sekhon.
  • “There is so much opportunity ahead of Gold H2 as the first company to use microbes in the subsurface to create a clean energy source,” said Sekhon.

Energy Recovery Reports its First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Other Energy, Environment, Utilities, Sustainability, Green Technology, Energy, Energy Recovery, Marketing, CO2, Investment, ERII, Cryptocurrency

Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Energy Recovery, Inc. (Nasdaq:ERII) (“Energy Recovery” or the “Company”) today announced its financial results for the first quarter ended March 31, 2024.
  • Revenue of $12.1 million, which is in-line with our February 2024 guidance.
  • Gross margin of 59.0%, a decrease of 190 bps, as compared to Q1’2023, due primarily to higher manufacturing costs and an increase in inventory scrap.
  • David Moon, President and CEO, commented on the financial results: “The first quarter was a busy one for us and played out as we expected.

Hafnia Limited – Notice of Change to Planned Date of Annual General Meeting

Retrieved on: 
Thursday, May 2, 2024
Other Energy, Maritime, Logistics, Supply Chain Management, Oil, Gas, Transport, Energy, Other Transport, BW Group, Oslo Stock Exchange, AGM

The annual general meeting (“AGM”) of Hafnia Limited (“Hafnia”) is scheduled for 14 May 2024.

Key Points: 
  • The annual general meeting (“AGM”) of Hafnia Limited (“Hafnia”) is scheduled for 14 May 2024.
  • This planned date is reflected in Hafnia’s financial calendar.
  • On 9 April 2024, the common shares of Hafnia commenced trading on the New York Stock Exchange (“NYSE”) while continuing to trade on the Oslo Stock Exchange (“OSE”).
  • To ensure that Hafnia complies with all necessary notice requirements and that all shareholders, including those who rely on paper-based communication, can receive the notice of AGM in time to participate effectively, Hafnia has decided to change the planned date of the AGM.

Sunoco LP and NuStar Energy L.P. Announce NuStar’s Unitholder Approval of the Sunoco Transaction

Retrieved on: 
Wednesday, May 1, 2024
Energy, Other Energy, Utilities, Oil, Gas, NuStar Energy, Multimedia, NuSTAR, Central Time, SUN, Special, Telescope

Sunoco LP (NYSE: SUN) (“Sunoco” or “SUN”) and NuStar Energy L.P. (NYSE: NS) (“NuStar” or “NS”) announced the approval by NuStar unitholders of the previously announced merger, pursuant to which NuStar will merge with and into a merger subsidiary of Sunoco.

Key Points: 
  • Sunoco LP (NYSE: SUN) (“Sunoco” or “SUN”) and NuStar Energy L.P. (NYSE: NS) (“NuStar” or “NS”) announced the approval by NuStar unitholders of the previously announced merger, pursuant to which NuStar will merge with and into a merger subsidiary of Sunoco.
  • According to preliminary results of the Special Meeting, approximately 69% of the outstanding common units of NuStar voted in favor of the transaction.
  • The transaction is expected to close on or about May 3, 2024, subject to the satisfaction of customary closing conditions.
  • As previously announced, upon completion of the transaction, NuStar common unitholders will receive 0.400 of a Sunoco common unit for each NuStar common unit.

Hydrogen Industry Alliance Launched to Accelerate Clean Hydrogen Market Development

Retrieved on: 
Wednesday, May 1, 2024
Environment, Environmental Issues, Other Energy, Public Policy, Government, Alternative Energy, Sustainability, Green Technology, Energy, Hydrogen, Education, ESN, Investment, Learning, H2, Policy, Duke Energy, Partnership, Transport, CCS, MISO, Noise, HIA, Economic development, BP, Itochu, Heritage, Renewable energy

The HIA is a network of companies spanning the energy and mobility ecosystems working collaboratively to support the development of the clean hydrogen market in the Midwest and beyond.

Key Points: 
  • The HIA is a network of companies spanning the energy and mobility ecosystems working collaboratively to support the development of the clean hydrogen market in the Midwest and beyond.
  • The clean hydrogen industry has announced over 1,400 projects requiring $570 billion in investments by 2030.
  • It will facilitate shared project learnings and market research, advocate with federal, state, and local governments, and educate the public on the benefits of clean hydrogen, thereby driving the development of the clean hydrogen market.
  • For more information about events and to learn more about the Hydrogen Industry Alliance, visit the website at h2industry.org .

SunCoke Energy, Inc. Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
Other Energy, Manufacturing, Coal, Energy, Other Manufacturing, Steel, Corporation, Central Time, SXC, Coke, Depreciation, CMT, Steam, Security (finance), ArcelorMittal, Tax, Adjustment, GAAP, Bookkeeping

Revenues were $8.3 million and Adjusted EBITDA was $2.4 million during the first quarter 2024, which was reasonably consistent with the prior year period.

Key Points: 
  • Revenues were $8.3 million and Adjusted EBITDA was $2.4 million during the first quarter 2024, which was reasonably consistent with the prior year period.
  • Corporate and Other, which includes activity from our legacy coal mining business, was $8.9 million during the first quarter 2024, which was reasonably consistent with $9.2 million during the first quarter 2023.
  • If actual results vary from these estimates and assumptions, the Company's expectations may change.
  • There can be no assurances that SunCoke will achieve the results expressed by this outlook and guidance.