KV

First American Made export cable installed at South Fork Offshore Wind Farm

Retrieved on: 
Wednesday, November 8, 2023

Nexans' export cable for Ørsted and Eversource's South Fork Wind Farm off Long Island, NY has been installed and the site acceptance test successfully performed.

Key Points: 
  • Nexans' export cable for Ørsted and Eversource's South Fork Wind Farm off Long Island, NY has been installed and the site acceptance test successfully performed.
  • The subsea cable on the seabed marks a significant moment for the Group and the country as the first American made subsea cable that connects a US offshore wind farm to the electricity grid.
  • The 110km 138 kV export cable will soon transmit 132MW of electricity to Long Island, New York, energizing over 70,000 homes.
  • The South Fork Wind Farm contract is the first to be completed within a framework agreement between Nexans and Ørsted Wind Power North America LLC.

Energy Vault Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the third quarter ended September 30, 2023.
  • “The Energy Vault team executed well in delivering record revenue this past quarter across multiple customer sets in the US market while supporting strong regional demand for our gravity energy storage systems in China, India, South Africa and the US market,” said Robert Piconi, Chairman and CEO of Energy Vault.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Energy Vault will host a conference call today, November 7, 2023 at 4:30 PM ET to discuss the results, followed by a Q&A session.

Torex Gold Provides Quarterly Update on Media Luna Project

Retrieved on: 
Monday, October 30, 2023

TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides Q3 2023 update on the development of its Media Luna Project (“Media Luna”). Unless otherwise stated, progress and milestones referenced in this press release are as of September 30, 2023.

Key Points: 
  • As of the end of September, there were twenty active headings, including eleven in Media Luna Lower and nine in Media Luna Upper.
  • As noted in the previous Media Luna update, plans for the early installation of the FeS flotation circuit and water treatment plant have been adjusted.
  • The current project plan relative to the Technical Report reflects the Company’s estimates for the completion of key project deliverables.
  • More detail on the Media Luna Project, including the feasibility study results, can be found in the Company’s most recent Technical Report dated effective March 16, 2022, filed on March 31, 2022 (“Technical Report”).

Osisko Announces Royalty Transaction on the Namdini Gold Project in Ghana

Retrieved on: 
Monday, October 30, 2023

MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that it has acquired a 1.0% net smelter return (“NSR”) royalty (the “Royalty”) covering the Namdini Gold Project (“Namdini”) in Ghana.

Key Points: 
  • MONTREAL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that it has acquired a 1.0% net smelter return (“NSR”) royalty (the “Royalty”) covering the Namdini Gold Project (“Namdini”) in Ghana.
  • Osisko has closed the transaction with Savannah Mining Limited (“Savannah”), acquiring a direct interest in 50% of Savannah’s 2.0% NSR royalty for total consideration of US$35 million (excluding applicable taxes and levies).
  • Namdini is a long-life, low-cost, open-pit gold project located in Ghana, one of West Africa’s most prolific gold producing countries.
  • We look forward to having the 1.0% NSR on Namdini contribute to our near-term cash flows and GEO growth profile.”
    The Namdini Gold Project is an open-pit gold project located in Ghana, approximately 50 km southeast of the town of Bolgatanga, and close to the southern border of Burkina Faso.

Hitachi Energy selected as preferred technology provider for the longest HVDC link in the UK

Retrieved on: 
Thursday, July 27, 2023

The energy transition requires a collaborative effort that can only be achieved with advanced technologies and new ways of working.

Key Points: 
  • The energy transition requires a collaborative effort that can only be achieved with advanced technologies and new ways of working.
  • In appointing Hitachi Energy as their preferred technology provider, SSEN Transmission and National Grid secure best-in-class technology and future production capacity in a rapidly growing market.
  • For Hitachi Energy, this enables investment in new production capacity and to undertake large-scale recruitment drives.
  • Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

Marathon Gold Provides Third Quarter 2023 Construction Report

Retrieved on: 
Monday, October 23, 2023

TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”) for the quarter ended September 30, 2023.

Key Points: 
  • TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”) for the quarter ended September 30, 2023.
  • Matt Manson, President and CEO, commented: “The summer construction season has seen rapid progress at the Valentine Gold Project.
  • During the third quarter, overburden removal and mining was transferred to the Marathon Pit due to its close proximity to the TMF.
  • The Project remains on schedule to achieve mill commissioning in the fourth quarter of 2024 and first gold in the first quarter of 2025.

Air Circuit Breaker Market worth $4.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, October 6, 2023

By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.

Key Points: 
  • By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.
  • The industrial segment often leads the Air Circuit Breaker Market because industrial facilities have notably higher energy demands compared to residential or commercial sectors.
  • By type, the air blast circuit breaker segment is expected to grow at the fastest rate during the forecast period.
  • The air blast circuit breaker segment is witnessing robust growth within the Air Circuit Breaker Market due to its advanced technology, which efficiently handles high fault currents by employing compressed air to extinguish electrical arcs during faults, ensuring rapid and reliable interruption of high-power circuits.

Air Circuit Breaker Market worth $4.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, October 6, 2023

By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.

Key Points: 
  • By application, the industrial segment is the largest contributor in the Air Circuit Breaker Market during the forecast period.
  • The industrial segment often leads the Air Circuit Breaker Market because industrial facilities have notably higher energy demands compared to residential or commercial sectors.
  • By type, the air blast circuit breaker segment is expected to grow at the fastest rate during the forecast period.
  • The air blast circuit breaker segment is witnessing robust growth within the Air Circuit Breaker Market due to its advanced technology, which efficiently handles high fault currents by employing compressed air to extinguish electrical arcs during faults, ensuring rapid and reliable interruption of high-power circuits.

FulcrumAir Successfully Completes the World’s First Robotic Installation Project of PLP Conductor Spacers and Bird Diverters

Retrieved on: 
Thursday, September 21, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230920474488/en/
    Bucket truck with 2 CSR-18 Robots (Photo: Business Wire)
    The High Banks Wind Project is Kansas’ largest wind farm.
  • Kiewit constructed the 75-mile 345 kV transmission line across Marshall, Republic, and Washington counties to tie the High Banks Wind Project into the grid.
  • Kiewit contracted FulcrumAir to assist in the construction utilizing its robotic installation methods.
  • Patrick Arnell, CEO of FulcrumAir said, “We are extremely pleased with how our equipment performed on this demanding project.

G Mining Ventures Provides Tocantinzinho Project Update on Anniversary of Construction Decision

Retrieved on: 
Tuesday, September 12, 2023

BROSSARD, QC, Sept. 12, 2023 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSXV: GMIN) (OTCQX: GMINF) is pleased to provide an update on progress made at GMIN's 100% owned Tocantinzinho Gold Project ("TZ" or the "Project") currently under construction in the State of Pará, Brazil.

Key Points: 
  • BROSSARD, QC, Sept. 12, 2023 /PRNewswire/ - G Mining Ventures Corp. ("GMIN" or the "Corporation") (TSXV: GMIN) (OTCQX: GMINF) is pleased to provide an update on progress made at GMIN's 100% owned Tocantinzinho Gold Project ("TZ" or the "Project") currently under construction in the State of Pará, Brazil.
  • On the one year anniversary since the Corporation made a formal construction decision ( announced on September 12, 2022 ), the Project is 51% complete and remains on track and on budget for commercial production in H2-2024.
  • Construction Progress – Construction is 46% complete, with work initiated on almost all Project areas.
  • Operational Readiness – Operational readiness activities are underway with the construction and pre-production mining teams poised to transition into commissioning and operations.