Commercial

Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project to Commercial Operation

Retrieved on: 
Thursday, April 25, 2024
Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, Commercial, Partnership, BESS, Carbon, Wind, NV Energy, Multimedia, Energy Vault, Renewable energy

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada’s largest public utility, today announced the completion and beginning of commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or the “Company”), a leader in sustainable grid-scale energy storage solutions, and NV Energy, Nevada’s largest public utility, today announced the completion and beginning of commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada.
  • View the full release here: https://www.businesswire.com/news/home/20240425206995/en/
    Energy Vault, NV Energy Bring 220MW-440MWh Reid Gardner BESS Project to Commercial Operation (Photo: Business Wire)
    Built on the site of a decommissioned coal-fired electric generating facility, the 220MW/440MWh grid-tied BESS, one of the largest in Nevada, is a 2-hour energy storage system that is designed to store and dispatch excess renewable energy, including wind and solar power.
  • The system, which is now being operated at full capacity by NV Energy, leverages Energy Vault’s integration platform and energy management system (Vault-OS).
  • “The completion of the Reid Gardner Battery Energy Storage System, on budget and on schedule in a compressed time schedule, stands as a testament to Energy Vault’s commitment to the efficient delivery of sophisticated high-performance energy storage systems to customers like NV Energy,” said Marco Terruzzin, Chief Commercial & Product Officer, Energy Vault.

ASGN Incorporated Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
Technology, Consulting, Carriers and Services, Professional Services, Public Policy, Government, Networks, Government Technology, Hardware, White House, Federal Government, Defense, Table, Corporate services, Federation, Commercial, Health care, Acquisition, Financial services, GAAP, Growth, Strategic planning, Pharmaceutical industry

Consolidated revenues for the quarter were $1.05 billion, down 7.1 percent over the first quarter of 2023.

Key Points: 
  • Consolidated revenues for the quarter were $1.05 billion, down 7.1 percent over the first quarter of 2023.
  • Gross margin for the first quarter of 2024 was 28.2 percent, down 70 basis points from the first quarter of 2023 due to a higher mix of revenues from the Federal Government Segment, which have a lower gross margin than Commercial Segment revenues.
  • In the first quarter of 2024 the Company repurchased 0.8 million shares of its common stock for $79.7 million at an average price of $96.63 per share.
  • The Company's financial estimates for the second quarter of 2024, which are set forth below, are based on current operating trends and assume no significant deterioration in the markets ASGN serves.

The St. Joe Company Reports First Quarter 2024 Results and Declares a Quarterly Dividend of $0.12

Retrieved on: 
Wednesday, April 24, 2024
Commercial Building & Real Estate, Construction & Property, REIT, Other Travel, Lodging, Vacation, Other Construction & Property, Destinations, Residential Building & Real Estate, Travel, Corporation, Sale, St. Joe Company, Depreciation, Commercial, Security (finance), Public expenditure, Form, Engineering, Tax, FSU, Bank statement, GAAP, Growth, Forestry, Property management

The St. Joe Company (NYSE: JOE) (the “Company,” “We,” or “Our”) today reports first quarter 2024 results.

Key Points: 
  • The St. Joe Company (NYSE: JOE) (the “Company,” “We,” or “Our”) today reports first quarter 2024 results.
  • Leasing revenue grew by 21% with over 1,000 leased multi-family and senior living units as of March 31, 2024.
  • Commercial and forestry real estate revenue totaled $1.4 million in the first quarter of 2024, as compared to $5.9 for the first quarter of 2023.
  • Company debt as of March 31, 2024, is approximately 29% of the Company’s total assets.

FVCBankcorp, Inc. Announces First Quarter 2024 Earnings; Net Interest Income and Margin Improvement

Retrieved on: 
Tuesday, April 23, 2024
Banking, Professional Services, Finance, Well, Sale, Table, Policy, Commercial, IntraFi Network, TCE, ACL, History, Net interest income, Environment, Bank, FDIC, GAAP, Growth, Cryptocurrency

Net interest margin increased 10 basis points, or 4%, to 2.47% for the first quarter of 2024, compared to 2.37% for the fourth quarter of 2023.

Key Points: 
  • Net interest margin increased 10 basis points, or 4%, to 2.47% for the first quarter of 2024, compared to 2.37% for the fourth quarter of 2023.
  • Net interest income increased $133 thousand to $12.8 million, or 1%, compared to $12.7 million for the fourth quarter of 2023.
  • The Company recorded net recoveries of $30 thousand during the first quarter of 2024, or 0.01% of average total loans.
  • The full impact of the surrender to net interest income will be realized during the second quarter of 2024.

Kopin Exhibiting at SPIE Defense & Commercial Sensing Conference at the National Harbor, MD April 23 through April 25, 2024

Retrieved on: 
Tuesday, April 23, 2024
Other Defense, Internet, Hardware, Electronic Design Automation, Data Management, Consumer Electronics, Technology, Defense, Other Manufacturing, Semiconductor, Audio, Video, Telecommunications, Manufacturing, Kopin Corporation, KOPN, Commercial, HMDS, Radar, Business development, SPIE, Corporation, Conference, DCS

Kopin Corporation (NASDAQ: KOPN) a leading provider of application-specific optical solutions and high-performance micro-displays for defense, enterprise, consumer, and medical products, is pleased to announce that it is exhibiting at the forthcoming SPIE Defense & Commercial Sensing Conference (DCS) – April 23 through 25, 2024 in Booth 812.

Key Points: 
  • Kopin Corporation (NASDAQ: KOPN) a leading provider of application-specific optical solutions and high-performance micro-displays for defense, enterprise, consumer, and medical products, is pleased to announce that it is exhibiting at the forthcoming SPIE Defense & Commercial Sensing Conference (DCS) – April 23 through 25, 2024 in Booth 812.
  • Kopin will be demonstrating the very latest in high performance integrated micro display/optical solutions.
  • Included in the demonstrations are daytime readable head-mounted and augmented fire control displays for dismounted soldiers, armored vehicle trainer displays and 3D head-mounted displays (HMDs) for medical and training & simulation applications.
  • “Kopin’s unique combination of power-efficient high performance microdisplays coupled with novel near-eye optics and lightweight ergonomic packaging allows us to provide products that meet a multitude of needs across the many markets we serve,” stated Iwan Dodd, Vice President of Business Development.

Icon Solutions Welcomes Citi Executives to its Board of Directors

Retrieved on: 
Monday, April 22, 2024
Technology, Payments, Finance, Consulting, Fintech, Banking, Professional Services, Software, Data Management, Commercial, Treasury, TTS, IPF, Partnership, ISO, Entrepreneurship, Citigroup, Payment, Cryptocurrency

Icon Solutions has today announced the appointment of James West, Head of Payments’ Business Execution & Platform Modernisation, Citi Services, to its Board of Directors.

Key Points: 
  • Icon Solutions has today announced the appointment of James West, Head of Payments’ Business Execution & Platform Modernisation, Citi Services, to its Board of Directors.
  • Amit Rijhsinghani, Head of Payments Technology, Citi Services, has also been appointed as a Board Observer.
  • Amit joined Citi 13 years ago and is responsible for formulating and driving the technology strategy for Payments within Citi Services.
  • The appointment of James and Amit to Icon’s Board of Directors follows Citi’s strategic investment in Icon in December 2023.

o9 Digitally Transforms Iveco Group’s Integrated Business Planning Processes

Retrieved on: 
Monday, April 22, 2024
Data Management, Security, Technology, Software, Artificial Intelligence, Internet, Hardware, Financial services, Iveco, Commercial, EXM, O9, IVG, Retail

o9 , a leading enterprise AI software platform provider for transforming planning and decision-making, announced its recent selection by Iveco Group (EXM: IVG) to digitally transform its S&OP , supply and demand planning , integrated business planning and supplier collaboration capabilities on a global scale through the implementation of the o9 Digital Brain platform.

Key Points: 
  • o9 , a leading enterprise AI software platform provider for transforming planning and decision-making, announced its recent selection by Iveco Group (EXM: IVG) to digitally transform its S&OP , supply and demand planning , integrated business planning and supplier collaboration capabilities on a global scale through the implementation of the o9 Digital Brain platform.
  • The o9 platform will support Iveco Group’s journey by providing a seamless, cross-functional, integrated business planning process on a single platform.
  • Leveraging o9 will enable Iveco Group to assess future supply chain risks, foster two-way collaboration with suppliers, and refine production planning, thereby enhancing delivery performance, optimizing inventory management, and boosting production throughput.
  • By gaining end-to-end supply chain planning capabilities, Iveco Group will be able to improve business decision-making and ultimately deliver greater value for its customers.

Americas Family Offices Directory 2024: Detailed Profiles of 1,000+ Single Family Offices in North America & South America - ResearchAndMarkets.com

Retrieved on: 
Monday, April 22, 2024
Finance, Business, Banking, Professional Services, Other Professional Services, Real estate, Hedge fund, Investment, Commercial, Microsoft Excel, Publication, Radar, Private equity, Stock, Family, AUM, Database, UHNW, Venture capital, SFO, Financial services

Single family offices manage the investments of the wealthiest families globally.

Key Points: 
  • Single family offices manage the investments of the wealthiest families globally.
  • For those wishing to build relationships with single family offices, such as asset managers and private and investment bankers, the difficulty of access to SFOs is well-recognised.
  • This Family Offices Database offers powerful search filters which are simple and intuitive to use.
  • Investment banks seeking to advise family offices on M&A, divesting family businesses, or raising equity or debt capital

Indonesia Construction Report 2024: Market to Expand by 4.2% in Real Terms in 2024, Supported by Rising Foreign Investments and Improvement in Business Confidence - Forecast to 2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, April 19, 2024
Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Education, Construction, EVS, Risk, Commercial, Health, PLN, Sector, Growth, Coal, Forecasting, Perusahaan Listrik Negara, Electric vehicle, Assessment, Government

The "Indonesia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Indonesia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
  • The construction industry in Indonesia is expected to expand by 4.2% in real terms in 2024, supported by rising foreign investment and an improvement in business confidence and economic conditions.
  • In September 2023, the government approved the 2024 budget, which includes an expenditure of IDR3.3 quadrillion ($220 billion).
  • Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Indonesia, featuring details of key growth drivers.

New Jersey Natural Gas to Reduce Fleet Emissions with Neste MY Renewable Diesel

Retrieved on: 
Friday, April 19, 2024
Oil, Gas, Environmental Issues, Fleet Management, Environmental Health, Sustainability, Alternative Energy, Alternative Vehicles, Fuels, Energy, Automotive, Environment, Trucking, Transport, Logistics, Supply Chain Management, EPA, Commercial, Natural gas, Partnership, Senior, Legislation, GHG, New Jersey Resources, NJR, Renewable energy

It is now the first natural gas utility on the East Coast to incorporate Neste MY Renewable Diesel™ to fuel a portion of its fleet operations.

Key Points: 
  • It is now the first natural gas utility on the East Coast to incorporate Neste MY Renewable Diesel™ to fuel a portion of its fleet operations.
  • New Jersey Natural Gas’ use of renewable diesel to help reduce our fleet emissions is the next step toward this goal,” said Patrick Migliaccio, Senior Vice President and COO of New Jersey Natural Gas.
  • “Together with Neste and KW Rastall, our fuel supplier, we are helping lower transportation related emissions in New Jersey.”
    According to Neste, the world's leading producer of renewable diesel, Neste MY Renewable Diesel is made from sustainably sourced, 100% renewable raw materials and can reduce up to 75%* of GHG emissions over the fuel’s life cycle compared with fossil diesel.
  • “We are excited to help New Jersey Natural Gas reduce their fleet emissions with renewable diesel.