UKIB

Pragmatic Welcomes HRH The Princess Royal to Pragmatic Park for the Opening of the UK's First 300mm Semiconductor Wafer Manufacturing Facility

Retrieved on: 
Wednesday, March 27, 2024
Wearables, Mobile Technology, Other Manufacturing, Environment, Technology, Semiconductor, Other Technology, Manufacturing, Green Technology, IOT (Internet of Things), HRH, Intelligence, UKIB, Internet of things, Recycling, Pension, Princess Royal, Bank, News, Plaque, Carbon, Simon Little, Water, Ecosystem, Avery Dennison, Multimedia, Silicon, Industrial design

Today, Pragmatic Semiconductor was honoured to welcome HRH The Princess Royal to officially open the UK’s first 300mm semiconductor wafer fabrication line (fab) at Pragmatic Park in Durham.

Key Points: 
  • Today, Pragmatic Semiconductor was honoured to welcome HRH The Princess Royal to officially open the UK’s first 300mm semiconductor wafer fabrication line (fab) at Pragmatic Park in Durham.
  • The advanced manufacturing facility produces chips based on Pragmatic’s innovative and unique flexible integrated circuit technology.
  • HRH The Princess Royal was hosted by David Moore, CEO, Pragmatic Semiconductor, with a tour of the clean room and facilities, followed by an unveiling of a site plaque to mark the occasion.
  • Pragmatic Park has capacity to host up to nine fabrication lines, each capable of producing billions of chips per year.

ZeroAvia announces completion of $116m Series C funding round

Retrieved on: 
Monday, November 27, 2023
Aviation, Carbon, Li Ka-shing, Research, Climate change, Bank, UK Infrastructure Bank, Hydrogen, Airbus, CO2, Government, ZeroAvia, Investment, Breakthrough Energy, Series, UKIB, Airport, Alaska Airlines, Certification, Renewable energy, Coal, Financial services

KEMBLE, England and HOLLISTER, Calif., Nov. 27, 2023 /PRNewswire/ -- ZeroAvia today announced that it has completed its Series C funding round at a total of $116m.

Key Points: 
  • KEMBLE, England and HOLLISTER, Calif., Nov. 27, 2023 /PRNewswire/ -- ZeroAvia today announced that it has completed its Series C funding round at a total of $116m.
  • The financing supports the UK's status as a market leader in research and development in both aviation and hydrogen and will support ZeroAvia's ambitious growth plans in the UK.
  • This funding raise will help support the Government's target to decarbonise aviation by 2050 by developing new clean propulsion technologies that can be flying between UK airports this decade.
  • Breakthrough Energy Ventures, Horizons Ventures, Alaska Airlines, Ecosystem Integrity Fund, Summa Equity, AP Ventures and Amazon Climate Pledge Fund have also participated in the funding round.

Pacific Green Reaches Financial Close for £120 Million (US$146 Million) of Funding for Its 249 MW / 373.5 MWh Sheaf Energy Park Battery Development

Retrieved on: 
Friday, November 3, 2023
US, DE, NatWest, Pacific Green, OTCQB, Energy Park, Saint Paul, Facility, Growth, UKIB, Renewable energy

Dover, DE, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc. ("Pacific Green", OTCQB: PGTK) announces that it has reached financial close on a £120 million (US$146 million) senior debt facility (the “Facility”) for Pacific Green’s 249 MW / 373.5 MWh Sheaf Energy Park battery energy storage system in Kent, England (“Sheaf Energy Park”).

Key Points: 
  • Dover, DE, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc. ("Pacific Green", OTCQB: PGTK) announces that it has reached financial close on a £120 million (US$146 million) senior debt facility (the “Facility”) for Pacific Green’s 249 MW / 373.5 MWh Sheaf Energy Park battery energy storage system in Kent, England (“Sheaf Energy Park”).
  • The Facility is provided by a two-bank syndicate, with National Westminster Bank plc (“NatWest”) and UK Infrastructure Bank Limited (“UKIB”) contributing £60 million (US$73 million) each.
  • The Facility will be used to fund the development and construction of Sheaf Energy Park, following which repayment will occur on a 10 year amortization profile upon the start of commercial operations.
  • Scott Poulter, Pacific Green’s CEO, commented: “Sheaf Energy Park represents one of the largest project-financed battery energy storage systems in the world.