Alternative Energy

Alaska Power & Telephone Welcomes New Heat Pump Deployment Initiative to its Prince of Wales Island Service Area

Retrieved on: 
Thursday, May 2, 2024
Other Energy, Environment, Utilities, Sustainability, Alternative Energy, Energy, DOE, Atmosphere of Earth, Community development financial institution, Partnership, Telephone company, Power, Tongass, AP, Tongass National Forest, Bear Lake (Idaho–Utah), Community development, Workforce, Atmosphere, Renewable energy

Alaska Power & Telephone Company (AP&T) is excited to announce that Spruce Root – a southeast Alaska non-profit and Community Development Financial Institution – was selected to receive a $2.5m US DOE grant for a heat pump deployment project for Prince of Wales Island.

Key Points: 
  • Alaska Power & Telephone Company (AP&T) is excited to announce that Spruce Root – a southeast Alaska non-profit and Community Development Financial Institution – was selected to receive a $2.5m US DOE grant for a heat pump deployment project for Prince of Wales Island.
  • The project, titled “Decarbonizing the Tongass with Tribally Owned Heat Pumps,” will be a multi-year initiative to add 240 air source heat pumps to residential homes in Prince of Wales Island communities.
  • Prince of Wales has an abundance of hydropower provided by the Black Bear Lake, South Fork, and Híilangaay hydropower projects.
  • The project will help reduce emissions, improving air quality within Prince of Wales communities, and the Tongass National Forest.

Weber County and Qnergy Expand Methane Abatement Project to Eliminate More Than 95% of Methane Emissions at Closed Landfill

Retrieved on: 
Thursday, May 2, 2024
Natural Resources, Alternative Energy, Energy, Environment, Other Natural Resources, Great Salt Lake, Methane, Wasatch Front, City, Electricity, The Great Salt Lake, Carbon, County, E.ON UK, Global warming potential, Natural gas

Weber County has partnered with Qnergy to install a Methane Destruction System at the closed County landfill located next to the Weber County Archery Park.

Key Points: 
  • Weber County has partnered with Qnergy to install a Methane Destruction System at the closed County landfill located next to the Weber County Archery Park.
  • In August 2023, the County and Qnergy kicked off a pilot program to convert the methane emitted from the closed landfill into on-site electricity.
  • Because of the pilot program’s success, the County and Qnergy have expanded the project to abate more than 95% of methane emissions from the closed landfill.
  • “Qnergy is proud to partner with our home county to eliminate methane emissions from the landfill neighboring a public park.

Vontier Reports First Quarter 2024 Results and Maintains Full Year Outlook

Retrieved on: 
Thursday, May 2, 2024
Technology, Automotive, Machinery, Alternative Vehicles, Fuels, Alternative Energy, Energy, Green Technology, Transport, Logistics, Supply Chain Management, Manufacturing, Software, Retail, Environment, Hardware, EV, Electric Vehicles, Convenience Store, Fleet Management, Vontier, Total, Biophysical environment, ID, Webcast, Growth, Fine chemical

Core sales increased 10%, driven by strong growth in North America dispenser equipment, aftermarket parts, and environmental solutions.

Key Points: 
  • Core sales increased 10%, driven by strong growth in North America dispenser equipment, aftermarket parts, and environmental solutions.
  • Segment operating profit increased 21% versus the prior year.
  • Segment operating profit margin expanded 370 basis points resulting from favorable product and geographic mix, ongoing cost savings and positive price/cost.
  • Segment operating profit margin increased 10 basis points year-over-year despite higher R&D and other growth investments.

Canadian hydropower producer upgrades timing network with Adtran’s Oscilloquartz optical cesium clock

Retrieved on: 
Thursday, May 2, 2024
Software, Mobile, Wireless, Networks, Internet, Hardware, Utilities, Electronic Design Automation, Alternative Energy, Energy, Technology, Security, Telecommunications, PNT, Element, TDM, GM, Multimedia, PTP, GNSS, OSA, Architecture, Renewable energy

Adtran today announced that a leading Canadian hydropower producer is using its Oscilloquartz grandmaster device combined with its optical cesium atomic clock to achieve new levels of precision, reliability and resilience in its power grid synchronization network.

Key Points: 
  • Adtran today announced that a leading Canadian hydropower producer is using its Oscilloquartz grandmaster device combined with its optical cesium atomic clock to achieve new levels of precision, reliability and resilience in its power grid synchronization network.
  • Featuring multi-source protection, the enhanced timing architecture offers a zero-trust approach to positioning, navigation and timing (PNT), ensuring robust and accurate synchronization.
  • View the full release here: https://www.businesswire.com/news/home/20240502346533/en/
    Adtran’s Oscilloquartz timing technology is playing a key role in protecting Canadian hydropower producer from GNSS cyberattacks.
  • The superior stability and precision of our optical cesium clock are key to realizing levels of accuracy and resilience never seen before.

Power2Drive Europe: Contributing to the Energy Transition With Bidirectional Charging

Retrieved on: 
Thursday, May 2, 2024
EV, Electric Vehicles, Automotive, Technology, Batteries, Utilities, Green Technology, Alternative Vehicles, Fuels, Alternative Energy, Environment, Energy, Hardware, V2G, Electricity, Conference, Multimedia, Messe, Electric vehicle

And it’s not just vehicle owners who benefit from this: In the medium-term, bidirectional charging can take the burden off distribution grids while making them more flexible.

Key Points: 
  • And it’s not just vehicle owners who benefit from this: In the medium-term, bidirectional charging can take the burden off distribution grids while making them more flexible.
  • Power2Drive Europe, the international exhibition for charging infrastructure and e-mobility, showcases the latest state of the art.
  • View the full release here: https://www.businesswire.com/news/home/20240502196803/en/
    Power2Drive Europe 2024 highlights cutting-edge trends and technologies in bidirectional charging.
  • Markus Elsässer explains that “Bidirectional charging will be a decisive element of the energy transition.

Consulting Firm Committed to Helping Organizations Deploy Clean Energy Technologies Unveils New Tool to Make Grant Funding More Accessible to Organizations Across the US

Retrieved on: 
Thursday, May 2, 2024
Consulting, Alternative Energy, Energy, Professional Services, Other Energy, Transport, Organization, Multimedia, Port, Water, Problem solving, Renewable energy

Momentum, an award-winning clean-tech consulting firm dedicated to accelerating clean energy projects, is proud to announce the launch of their latest innovation: "Agency Landscape Updates."

Key Points: 
  • Momentum, an award-winning clean-tech consulting firm dedicated to accelerating clean energy projects, is proud to announce the launch of their latest innovation: "Agency Landscape Updates."
  • This biweekly email subscription is designed to empower organizations by providing concise, public funding information across key states and federal opportunities.
  • (Graphic: Business Wire)
    Agency Landscape Updates offers three distinct versions of the report, each tailored to critical areas of clean energy transformation to demystify the way public agencies allocate funding.
  • In today's rapidly evolving clean energy sector, securing public funding has become a pivotal element of success.

Massachusetts Municipal Wholesale Electric Company (MMWEC) Partners with Lightshift Energy to Pioneer Community-Based Energy Storage at Scale

Retrieved on: 
Thursday, May 2, 2024
Environment, Finance, Other Energy, Utilities, Oil, Gas, Professional Services, Alternative Energy, Sustainability, Energy, Commonwealth, Partnership, BESS, Engineering, Partner (business rank), Multimedia, Renewable energy

The Massachusetts Municipal Wholesale Electric Company (MMWEC), the Commonwealth’s designated joint action agency for municipal utilities, and Lightshift Energy, a leading energy storage project developer, owner and operator, today announced a first-in-kind program for the industry.

Key Points: 
  • The Massachusetts Municipal Wholesale Electric Company (MMWEC), the Commonwealth’s designated joint action agency for municipal utilities, and Lightshift Energy, a leading energy storage project developer, owner and operator, today announced a first-in-kind program for the industry.
  • View the full release here: https://www.businesswire.com/news/home/20240502103800/en/
    Lightshift Energy and MMWEC deploy first-of-its-kind program for grid-scale battery energy storage in Massachusetts.
  • As part of the agreement, participating utilities within MMWEC’s membership will host one or more Lightshift energy storage projects.
  • “MMWEC is pleased to partner with Lightshift Energy on this battery energy storage system project,” says MMWEC Chief Executive Officer Ronald C. DeCurzio.

Vertical Aerospace makes leadership appointments

Retrieved on: 
Wednesday, May 1, 2024
Environmental Health, Sustainability, Alternative Energy, Batteries, Energy, Technology, Environment, Engineering, Air, Transport, Climate Change, Aerospace, Manufacturing, CFO, PCAOB, Partnership, Privacy, Rolls-Royce, Gen Digital, Annual report, Farnborough Airshow, GM, Vertical Aerospace, GOL, GLS Group, Certification, Travel, Heathrow Airport, Citigroup, Accident, Senior, Virgin Atlantic, General Motors, Failure, Interim, Aircraft, Growth, Honeywell, Management

Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, has made several leadership appointments as the company moves towards a pivotal phase of certifying its VX4 aircraft and commercialisation.

Key Points: 
  • Vertical Aerospace Ltd. (“Vertical” or the “Company”) (NYSE: EVTL; EVTLW), a global aerospace and technology company that is pioneering zero emission aviation, has made several leadership appointments as the company moves towards a pivotal phase of certifying its VX4 aircraft and commercialisation.
  • Stuart joined Vertical Aerospace in 2023 from Avast, a FTSE100 global leader in digital security and privacy, where he was Group CFO and a member of the leadership team that was responsible for the company’s $9 billion merger with NortonLifeLock in 2021.
  • Mike Flewitt, Chairman of Vertical, said: “Vertical is moving into a really exciting phase of its corporate evolution, and Stuart and Ben are both fantastic appointments to take the business through it.
  • Vertical's experienced leadership team comes from top tier automotive and aerospace companies such as Rolls-Royce, Airbus, Heathrow, GM and Leonardo.

Following Shareholder Approval, NMG Set to Close Aggregate US$37.5M Private Placements by Mitsui and Pallinghurst

Retrieved on: 
Wednesday, May 1, 2024
Automotive, Other Energy, Automotive Manufacturing, Manufacturing, Other Automotive, Alternative Energy, Energy, Mining, Minerals, Natural Resources, Indian stock exchange, Mitsui, General Motors, Tranche, TSX Venture Exchange, Security (finance)

NMG, Mitsui and Pallinghurst are scheduled to close the Related Party Private Placements on May 2, 2024, subject to the final acceptance of the TSX Venture Exchange.

Key Points: 
  • NMG, Mitsui and Pallinghurst are scheduled to close the Related Party Private Placements on May 2, 2024, subject to the final acceptance of the TSX Venture Exchange.
  • NMG will also enter into an investor rights agreement (the “Investor Rights Agreement”) with Mitsui at the closing of their investment.
  • The Investor Rights Agreement also provides Mitsui with certain rights relating to its investment in NMG, namely certain board nomination and anti-dilution rights.
  • NMG will enter into a registration rights agreement with Pallinghurst at the closing of their investment.

Wolfspeed Reports Financial Results for the Third Quarter of Fiscal Year 2024

Retrieved on: 
Wednesday, May 1, 2024
EV, Electric Vehicles, Other Energy, Alternative Energy, Alternative Vehicles, Fuels, Energy, Technology, Automotive, Semiconductor, Other Manufacturing, Other Automotive, Other Technology, Manufacturing, Sale, Internet, EVS, Silicon, Weakness, WOLF, GAAP, Growth, Renting

Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2024.

Key Points: 
  • Wolfspeed, Inc. (NYSE: WOLF) today announced its results for the third quarter of fiscal 2024.
  • For its fourth quarter of fiscal 2024, Wolfspeed targets revenue from continuing operations in a range of $185 million to $215 million.
  • Wolfspeed incurred $14.4 million of factory start-up costs and $30.4 million of underutilization costs in the third quarter of fiscal 2024.
  • Wolfspeed will host a conference call at 5:00 p.m. Eastern time today to review the highlights of its third quarter results and its fiscal fourth quarter 2024 business outlook, including significant factors and assumptions underlying the targets noted above.