Electricity

NewHydrogen CEO Steve Hill Discussed Use of Hydrogen for Aviation with University of Tennessee Expert

Retrieved on: 
Tuesday, April 9, 2024
Mechanical, Academic Press, Electricity, Paris-Saclay University, Mechanics, Combustion, Associate, National Science Foundation, École Centrale Paris, Airbus, Research, Aviation, University, Carbon, Student, Paris-Sud University, NASA, American Institute, Investment, Society, Hydrogen, Water, Frustration, Doctorate

SANTA CLARITA, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCMKTS:NEWH), the developer of ThermoLoop™, a breakthrough technology that uses water and heat rather than electricity to produce the world’s cheapest green hydrogen, today announced that in a recent podcast the Company’s CEO Steve Hill spoke with Dr. Paul Palies, Associate Professor at the University of Tennessee Space Institute and founder of the Combustion and Propulsion for Aviation Research Center regarding future aviation based on hydrogen combustion for a decarbonized system.

Key Points: 
  • Dr. Palies said, “There is a need for a clean combustion system that doesn't add nitrogen oxide and completely removes the carbon footprint.
  • Dr. Palies said, “Our team is conducting research on premix combustion, a method that could reduce emissions while maintaining thermal power.
  • Mr. Hill thanked Dr. Palies for his insights, and briefly introduced NewHydrogen’s work on developing thermochemical approaches to affordable green hydrogen.
  • Dr. Paul Palies is Associate Professor at The University of Tennessee Space Institute where he established the Combustion and Propulsion for Aviation Research Center, his research group.

Vast announces Term Sheet to facilitate transmission access for Aurora Energy Precinct

Retrieved on: 
Monday, April 8, 2024
Electricity, ElectraNet, EUR, Term sheet, VS1, SM1, Hill, BHP, ARENA, Aurora Energy, H2H, OZM, Precinct, CSP, BESS, Renewable energy

The Precinct is owned by SiliconAurora, which plans to develop a 140MW (2 hour) battery energy storage system (BESS) on the site.

Key Points: 
  • The Precinct is owned by SiliconAurora, which plans to develop a 140MW (2 hour) battery energy storage system (BESS) on the site.
  • Additionally, Vast plans to develop Vast Solar 1 (VS1), a 30MW concentrated solar thermal power (CSP) plant with 288 MWh of thermal storage, on the Precinct site.
  • VS1 was awarded up to AUD $65 million in conditional grant funding by the Australian Renewable Energy Agency (ARENA).
  • Connection to the H2H will be subject to further negotiations and agreement with OZM and ElectraNet as contemplated under the Term Sheet.

Precision Neuroscience Names Verily Co-Founder Brian Otis as Chief Technology Officer

Retrieved on: 
Monday, April 8, 2024
Speech, GSK plc, Dexcom, ALS, Paralysis, Diabetes, Patient, Conditional sentence, Instrument, Heel, Electronics, Research, Otis, News, University, Computer engineering, Electricity, G7, Precision, FDA, Movement, Medical device

NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Precision Neuroscience Corporation (Precision) today announced that Dr. Brian Otis has joined the company as Chief Technology Officer.

Key Points: 
  • NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Precision Neuroscience Corporation (Precision) today announced that Dr. Brian Otis has joined the company as Chief Technology Officer.
  • He was one of the co-founders of Verily, Alphabet Inc.’s healthcare and life sciences company, where he served as Chief Technical Officer and Fellow from 2015 through 2022.
  • He oversaw a large, multidisciplinary team in the end-to-end development of new medical technology, from discovery to manufacturing.
  • Under Otis’ technical leadership, Verily entered a number of significant collaborations with leading healthcare and pharmaceutical partners.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Sunnova Energy International Inc. of Class Action Lawsuit and Upcoming Deadlines – NOVA

Retrieved on: 
Monday, April 8, 2024
Electricity, NOVA, Letter, House Committee, Risk, District court, State, The Washington Free Beacon, Natural Resources, News, Ext, LLP, Complaint, Commerce, Energy, Pomerantz, Sunnova, Action Replay, DOE, Court, Person

NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA) and certain officers.

Key Points: 
  • NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Sunnova Energy International Inc. (“Sunnova” or the “Company”) (NYSE: NOVA) and certain officers.
  • To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext.
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Sonoco and ENGIE Announce 140 Megawatt Virtual Power Purchase Agreement – Output from Big Sampson Wind Project will be First Renewable Energy Project for Sonoco

Retrieved on: 
Monday, April 8, 2024
Electricity, ENGIE, Environment, Acceleration, Partnership, VPPA, Wind, Carbon, Sonoco, Renewable energy

HARTSVILLE, S.C., April 08, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE:SON), one of the largest global sustainable packaging companies, and ENGIE North America (“ENGIE") today announced that they have entered into a Virtual Power Purchase Agreement (“VPPA”) for production from ENGIE’s Big Sampson Wind Project (“Big Sampson”), a wind power project currently under construction in Crockett County, Texas.

Key Points: 
  • HARTSVILLE, S.C., April 08, 2024 (GLOBE NEWSWIRE) -- Sonoco Products Company (“Sonoco” or the “Company”) (NYSE:SON), one of the largest global sustainable packaging companies, and ENGIE North America (“ENGIE") today announced that they have entered into a Virtual Power Purchase Agreement (“VPPA”) for production from ENGIE’s Big Sampson Wind Project (“Big Sampson”), a wind power project currently under construction in Crockett County, Texas.
  • The VPPA is an example of these efforts, with renewable energy credits acquired under the VPPA expected to help reduce Sonoco’s baseline carbon emissions by approximately 14%.
  • Big Sampson is a project of ENGIE, a global leader in the net zero energy transition.
  • “We are honored that Sonoco selected ENGIE to support their first VPPA, reflecting their commitment to the energy transition.

Recently Updated and Extended Joint Development Agreement between ExxonMobil Technology and Engineering Company and FuelCell Energy Aimed at Accelerating Access to Carbonate Fuel Cell Technology for Carbon Capture

Retrieved on: 
Monday, April 8, 2024
Element, Electricity, FuelCell Energy, ExxonMobil, CFC, B cell, Carbon, DEI, NOx, JDA, EMTEC, CO2, European, Hydrogen, Economics, Renewable energy

Pilot project to test jointly developed carbon capture technology proceeding at Esso Nederland BV’s Rotterdam Manufacturing Complex; project start-up expected in early 2026.

Key Points: 
  • Pilot project to test jointly developed carbon capture technology proceeding at Esso Nederland BV’s Rotterdam Manufacturing Complex; project start-up expected in early 2026.
  • The agreement allows FuelCell Energy to incorporate elements of the jointly developed technology into existing carbon capture products currently being marketed to customers.
  • The jointly developed carbon capture fuel cell technology to be demonstrated in Rotterdam features an optimized design for large scale installations.
  • Along with the execution of the JDA extension, FuelCell Energy and ExxonMobil intend to negotiate a commercial framework aimed at enabling deployments of the carbonate fuel cell technology for carbon capture.

IHT HOTEL REVENUE CONTINUES TO GROW

Retrieved on: 
Monday, April 8, 2024
Electricity, Estrone, Tourism, Share repurchase, Fiscal year, Interest, Book, Total, IHT

IHT hotel operations were strong in the Fiscal Year ended January 31, 2024, and are contributing to a solid start in the current 2025 Fiscal First Quarter, with both the Tucson Hotel and Albuquerque Hotel achieving record results for the combined months of February and March, of the current Fiscal Year.

Key Points: 
  • IHT hotel operations were strong in the Fiscal Year ended January 31, 2024, and are contributing to a solid start in the current 2025 Fiscal First Quarter, with both the Tucson Hotel and Albuquerque Hotel achieving record results for the combined months of February and March, of the current Fiscal Year.
  • These are all positive signs for InnSuites, as progress continues while the Travel Industry, and InnSuites Hospitality Trust (IHT) specifically, continue to grow and thrive.
  • IHT holds convertible bonds and warrants that, when fully exercised, could result in IHT holding an approximate 20% or more ownership stake in UniGen.
  • IHT management believes that due to real estate held on the books of IHT at book values believed to be significantly below current market value and due to the high clean energy diversification profit potential ahead, the IHT future looks bright.

Baker Hughes to Supply Electric-driven Liquefaction Technology for Cedar LNG Project 

Retrieved on: 
Friday, April 5, 2024
Electricity, Pembina Pipeline, Black & Veatch, Turbomachinery, Baker Hughes, Black, Cedar, Carbon, Haisla Nation, Process, Natural gas

Baker Hughes will supply a range of turbomachinery equipment, including four electric-driven main refrigeration compressors, two electric-driven boil-off gas compressors and six centrifugal pumps.

Key Points: 
  • Baker Hughes will supply a range of turbomachinery equipment, including four electric-driven main refrigeration compressors, two electric-driven boil-off gas compressors and six centrifugal pumps.
  • Powered by renewable electricity, Cedar LNG will be one of the lowest carbon intensity LNG facilities in the world.
  • The Cedar LNG project brings together the Haisla Nation and Pembina Pipeline Corporation (Pembina) to develop the Haisla Nation-led project.
  • “The Cedar LNG project represents an important step toward reducing carbon emissions through lower-carbon LNG facilities that can supply customers looking to move away from more carbon intensive feedstocks.

Astra Energy Inc. and Powertron Global LLC Close Joint Venture to Build Power Company in the Waste-to-Energy Sector

Retrieved on: 
Thursday, April 4, 2024
Life, Electricity, Carbon, Astra, SAN, OTCQB, IBN, Party, Renewable energy

SAN DIEGO, April 04, 2024 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. ( OTCQB: ASRE ) (“Astra” or the “Company”) announces today the closing of a joint venture transaction with Powertron Global LLC ("Powertron") to build a power company in the waste-to-energy sector.

Key Points: 
  • SAN DIEGO, April 04, 2024 (GLOBE NEWSWIRE) -- via IBN -- Astra Energy Inc. ( OTCQB: ASRE ) (“Astra” or the “Company”) announces today the closing of a joint venture transaction with Powertron Global LLC ("Powertron") to build a power company in the waste-to-energy sector.
  • The two companies will work together to combine projects and their resources to execute more efficiently.
  • On March 8, 2024, the Parties executed a joint venture agreement to form a new entity for licensing and distributing waste-to-energy solutions.
  • Astra continues to play a role in securing and developing new clean and renewable project opportunities to supply the burgeoning economies on the African continent.

General Fusion Partners with Canadian Nuclear Laboratories to Advance Commercial Power Plant Design

Retrieved on: 
Thursday, April 4, 2024
Electricity, Tritium, MTF, Nuclear, Face, Research, General Fusion, Private sector, CNRI, CNL, Magnetized target fusion, Lithium

RICHMOND, British Columbia, April 04, 2024 (GLOBE NEWSWIRE) -- General Fusion has launched a new project in collaboration with Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, to advance the design of its commercial fusion power plant.

Key Points: 
  • RICHMOND, British Columbia, April 04, 2024 (GLOBE NEWSWIRE) -- General Fusion has launched a new project in collaboration with Canadian Nuclear Laboratories (CNL), Canada’s premier nuclear science and technology organization, to advance the design of its commercial fusion power plant.
  • Now, General Fusion will leverage CNL’s expertise, capabilities, and advanced facilities in power plant design, licensing, and operations.
  • As a result, General Fusion will refine its design for a practical and economical power plant that is cost competitive.
  • “Canada has a strong fusion ecosystem, with General Fusion leading the private sector and Canadian Nuclear Laboratories providing world-class fusion R&D,” said Greg Twinney, CEO, General Fusion.