Alternative Energy

South 8 Partners with NanoGraf on $6.4M U.S. Army Contract to Advance Domestic Lithium-ion Battery Production

Retrieved on: 
Tuesday, April 30, 2024

South 8’s $6.4 million subcontract with NanoGraf will support the U.S. Army Combat Capabilities Development Command C5ISR Center (DEVCOM) .

Key Points: 
  • South 8’s $6.4 million subcontract with NanoGraf will support the U.S. Army Combat Capabilities Development Command C5ISR Center (DEVCOM) .
  • The combination of South 8 and NanoGraf’s technologies has the potential to alleviate these common lithium-ion battery concerns, while also offering soldiers a lighter load.
  • Together, South 8 and NanoGraf plan to develop a universal, accessible, domestically produced energy storage cell.
  • Our goal is to improve soldier safety, military capabilities, and the domestic lithium-ion battery supply chain,” said Tom Stepien, CEO of South 8.

PowerGEM, LLC Acquires Astrapé Consulting

Retrieved on: 
Tuesday, April 30, 2024

PowerGEM, LLC, a leading provider of transmission reliability modeling, market analysis software and technical services for the electric power industry, has acquired Astrapé Consulting, a leader in resource adequacy for reliably managing the transition to clean energy.

Key Points: 
  • PowerGEM, LLC, a leading provider of transmission reliability modeling, market analysis software and technical services for the electric power industry, has acquired Astrapé Consulting, a leader in resource adequacy for reliably managing the transition to clean energy.
  • Astrapé also works with some of the largest power system operators and utilities.
  • “The software and services of PowerGEM and Astrapé will help customers analyze and plan for all these factors to deliver reliable, clean and affordable power for future generations.
  • Astrapé was represented by Maynard Nexsen as legal counsel and Way Ray Shelton as financial advisor.

Altus Power Announces CEO Transition

Retrieved on: 
Monday, April 29, 2024

Altus Power, Inc. (NYSE:AMPS) (“Altus Power” or the “Company”) announced today that the Board of Directors has accepted the resignation of Lars Norell as a co-CEO and as a director of the Company, effective April 26, 2024, and has appointed Gregg Felton as sole Chief Executive Officer of the Company.

Key Points: 
  • Altus Power, Inc. (NYSE:AMPS) (“Altus Power” or the “Company”) announced today that the Board of Directors has accepted the resignation of Lars Norell as a co-CEO and as a director of the Company, effective April 26, 2024, and has appointed Gregg Felton as sole Chief Executive Officer of the Company.
  • Christine Detrick, Chairperson of Altus Power, said, “The Board has confidence that Gregg will move Altus Power forward with positive momentum and drive long-term shareholder value creation.
  • We express our thanks to Lars for his years of service to the Company.”
    Robert Bernard, CBRE’s Chief Sustainability Officer, and an Altus Power Director, stated, “Our partnership with Altus Power provides a unique solution that helps CBRE clients reduce their carbon footprints.
  • Lars Norell stated, “It’s been an incredible journey since the founding of Altus Power 15 years ago and the Company’s vision to deliver clean power to its customers is as relevant today as it was when we started.

Fluor and SunCoke Energy Renew Maintenance and Capital Project Contract

Retrieved on: 
Monday, April 29, 2024

Fluor Corporation (NYSE: FLR) and longstanding client SunCoke Energy, Inc. (SunCoke) have announced a seven-year contract extension at its five coke plants in the United States.

Key Points: 
  • Fluor Corporation (NYSE: FLR) and longstanding client SunCoke Energy, Inc. (SunCoke) have announced a seven-year contract extension at its five coke plants in the United States.
  • Fluor will recognize the undisclosed value of the contract as a new award in the first quarter of 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240429899448/en/
    SunCoke Energy coke oven (Photo: Business Wire)
    Since 2017, Fluor’s Operations & Maintenance business, now Plant & Facility Services, has provided maintenance and small capital project services to support SunCoke’s reliable, efficient delivery of high-quality coke to its steelmaking customers.
  • Fluor’s Plant & Facility Services business delivers maintenance and reliability solutions; asset management technology; and small capital project services to more than 85 sites in North America.

Hyliion and Victory Execute Letter of Intent to Deploy up to 10 KARNO™ Generators to H2 Energy Group

Retrieved on: 
Monday, April 29, 2024

Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, Victory Clean Energy Inc. (OTC : VYEY) ("Victory"), a trailblazer in the green hydrogen energy sector, today announced they have entered into a non-binding letter of intent (LOI).

Key Points: 
  • Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, Victory Clean Energy Inc. (OTC : VYEY) ("Victory"), a trailblazer in the green hydrogen energy sector, today announced they have entered into a non-binding letter of intent (LOI).
  • Under the terms of the agreement, Victory will purchase up to 10 KARNO generators, to be deployed in the Hydrogen production facilities of their subsidiary, H2 Energy Group (H2EG).
  • "Working with companies like Hyliion further strengthens our leadership in sustainability and enhances the efficiency of our hydrogen production facilities."
  • The LOI between Hyliion and H2 Energy Group is subject to the execution of a binding purchase agreement.

Stacks + Joules Announces Grant from Champlain Hudson Power Express (CHPE) to Expand Tech Training Programs

Retrieved on: 
Monday, April 29, 2024

A core focus of Stacks + Joules' training programs is building automation, which will be a critical component of New York’s transition to a fully electric city.

Key Points: 
  • A core focus of Stacks + Joules' training programs is building automation, which will be a critical component of New York’s transition to a fully electric city.
  • This grant will help cover the costs of Stacks + Joules’ ongoing partnership with the Henry Street Settlement, a community organization committed to providing comprehensive support services to training program participants.
  • Henry Street offers a holistic approach to training, incorporating job readiness and professional skills development to complement the technical instruction that Stacks + Joules provides.
  • We are grateful to the Champlain Hudson Power Express for their support, and look forward to continuing this partnership."

U.S. Air Force Cloud One Selects Rebellion Defense to Strengthen Cyber Resilience of Mission Applications

Retrieved on: 
Monday, April 29, 2024

“Cloud One is a leader in enabling the U.S. Department of Defense with commercial enterprise cloud offerings to deliver modern capabilities to the Air Force,” said Ben FitzGerald, Chief Executive Officer at Rebellion Defense.

Key Points: 
  • “Cloud One is a leader in enabling the U.S. Department of Defense with commercial enterprise cloud offerings to deliver modern capabilities to the Air Force,” said Ben FitzGerald, Chief Executive Officer at Rebellion Defense.
  • Nova testing results will also inform gating criteria for applications moving into production environments to provide last-mile validation of cyber readiness.
  • Rebellion Defense is operating under a subcontract with Clarity Innovations, a mission-focused software provider, under its prime contract with the Air Force Life Cycle Management Center.
  • This contract’s deliverables will meaningfully contribute to enhanced, full-cycle application security for Department of Defense application owners leveraging Cloud One’s platform.

Element Resources Acreage Lease at Rio Tinto U.S. Borax California Operations

Retrieved on: 
Monday, April 29, 2024

Element Resources, a leader in green hydrogen production, announces the signing of a surface lease agreement with Rio Tinto at the Rio Tinto U.S. Borax mine site in Boron, California, which will be used for the development of a green hydrogen production facility powered by a dedicated, co-located off-grid solar electric generation facility.

Key Points: 
  • Element Resources, a leader in green hydrogen production, announces the signing of a surface lease agreement with Rio Tinto at the Rio Tinto U.S. Borax mine site in Boron, California, which will be used for the development of a green hydrogen production facility powered by a dedicated, co-located off-grid solar electric generation facility.
  • Element Resources will have an initial study period to evaluate the commercial viability of a hydrogen production facility.
  • “We are proud to partner with Element Resources to study this incredibly exciting technology and its potential for our net zero journey,” said Renny Dillinger, General Manager, U.S. Borax.
  • “This is just another example of our dedication to decarbonization, and we look forward to working in collaboration with Element Resources in their next steps.”
    “We are delighted to enter into this agreement with Rio Tinto U.S. Borax,” said Steve Meheen, Founder, Chairman & CEO of Element Resources.

Corning Reports First-Quarter 2024 Financial Results

Retrieved on: 
Tuesday, April 30, 2024

On May 21, Corning will attend the J.P. Morgan 52nd Global Technology, Media and Communications Conference.

Key Points: 
  • On May 21, Corning will attend the J.P. Morgan 52nd Global Technology, Media and Communications Conference.
  • Finally, Corning will host management visits to investor offices in select cities.
  • The company believes presenting non-GAAP financial measures assists in analyzing financial performance without the impact of items that may obscure trends in the company’s underlying performance.
  • Definitions of these non-GAAP financial measures and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found on the company’s website by going to the Investor Relations page and clicking “Quarterly Results” under the “Financials and Filings” tab.

Sakuu’s Dry Printed and UN38.3 Certified Li-Metal Batteries Hit 1,000 Cycle Milestone

Retrieved on: 
Monday, April 29, 2024

Sakuu ®, a leading provider of commercial-scale equipment and technologies to the battery manufacturing industry, has manufactured its high-energy, high-power Li-Metal Cypress battery cell using a fully dry manufacturing process.

Key Points: 
  • Sakuu ®, a leading provider of commercial-scale equipment and technologies to the battery manufacturing industry, has manufactured its high-energy, high-power Li-Metal Cypress battery cell using a fully dry manufacturing process.
  • “The biggest challenge in battery manufacturing today is producing next generation batteries cost-effectively at scale to meet demand,” said Robert Bagheri, CEO and Founder of Sakuu.
  • “Manufacturing Cypress in a fully dry process with the Kavian platform is a key step in enabling high-quality solid-state batteries to be produced in high volume in the future.
  • Leveraging dry printing will enable battery technology innovation to accelerate the adoption of EV’s while eliminating range anxiety.”
    Printing batteries on the Kavian platform with dry-process electrode technologies:
    Eliminates all toxic solvents and materials, including NMP and PTFEs