CEC

CanAsia Energy Announces $4 Million Brokered Financing

Retrieved on: 
Monday, December 4, 2023
Partnership, TSX Venture Exchange, NOT, Agent, CEC, CAD, Legislation, Exercise, Offering, Security (finance)

CALGARY, Alberta, Dec. 04, 2023 (GLOBE NEWSWIRE) -- CanAsia Energy Corp. (“CanAsia” or the “Company”) (CEC – TSXV) announced today a brokered private placement offering (“Offering”) of up to 40,000,000 CanAsia common shares at an issue price of CAD $0.10 per share to raise aggregate gross proceeds of up to CAD $4.0 million. The Offering is being led by Research Capital Corporation as the sole agent and sole bookrunner (the “Agent”) on a “best-efforts” basis.

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    CALGARY, Alberta, Dec. 04, 2023 (GLOBE NEWSWIRE) -- CanAsia Energy Corp. (“CanAsia” or the “Company”) (CEC – TSXV) announced today a brokered private placement offering (“Offering”) of up to 40,000,000 CanAsia common shares at an issue price of CAD $0.10 per share to raise aggregate gross proceeds of up to CAD $4.0 million.
  • CanAsia officers and directors have advised CanAsia of their intention to participate in the Offering by purchasing Accredited Investor Shares for aggregate gross proceeds of up to $1.8 million.
  • Up to 24,000,000 common shares ("LIFE Shares") of CanAsia will be offered to purchasers in Canada (other than in Québec) under the listed issuer financing exemption.
  • Up to 16,000,000 common shares ("Accredited Investor Shares") of CanAsia will be offered to accredited investors under the accredited investor exemption.

Agora, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 21, 2023
Cloud, ADS, Marketing, Table, INCITS, Software, Loss, Peking University, CEC, University, IEEE, GAAP, Income tax, Depreciation, Shawn, API, International Organization for Standardization, International Organization (journal), Total, AI, RTE, ISO, IPO, Prospectus, Broadcom Inc., MPEG, Learning, Rate, Acquisition, Doctor of Philosophy, Research, Bank statement, Mathematics, COVID-19, Share repurchase, Investment, Growth, Security (finance), Video game

Net loss for the quarter was $22.5 million, compared to net loss of $27.7 million in the third quarter of 2022.

Key Points: 
  • Net loss for the quarter was $22.5 million, compared to net loss of $27.7 million in the third quarter of 2022.
  • Adjusted EBITDA for the quarter was negative $4.4 million, compared to negative $16.4 million in the third quarter of 2022.
  • Total cash, cash equivalents, bank deposits and financial products issued by banks as of September 30, 2023 was $373.4 million.
  • The Company uses these non-GAAP financial measures internally in analyzing its financial results and believe that the use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing its financial results with other companies in its industry, many of which present similar non-GAAP financial measures.

California Energy Commission Awards $2.9 Million Grant for Electric School Bus Bidirectional Charging Infrastructure

Retrieved on: 
Tuesday, December 26, 2023
Vehicle Technology, Transport, Automotive, State, Local, Software, Hardware, Consumer Electronics, Technology, Other Energy, Public Policy, Government, Utilities, Alternative Vehicles, Fuels, Energy, Other Automotive, General Automotive, Public Transport, Primary, Secondary, Education, School, Multimedia, Fremont Unified School District, CEC, Environment, PG&E, Blueprint, Pittsburg Unified School District, Kilowatt-hour, Congestion, World Resources Institute, ELRP

The California Energy Commission (CEC) , through its Clean Transportation Program, has granted a $2.9 million award to a project team led by The Mobility House to implement 12 bidirectional chargers at four California school locations.

Key Points: 
  • The California Energy Commission (CEC) , through its Clean Transportation Program, has granted a $2.9 million award to a project team led by The Mobility House to implement 12 bidirectional chargers at four California school locations.
  • The project, termed “Replicable V2X Deployment For Schools (RVXDS),” will utilize school bus fleets to mitigate regional grid emergencies - especially during peak summertime windows.
  • View the full release here: https://www.businesswire.com/news/home/20231226202391/en/
    School buses charging at the Pittsburg Unified School District bus depot.
  • One school will use bidirectional functionality for V2B resilience, to act as a community resilience hub at their high school.

Alliance Technical Group Expands Environmental Services with Two Strategic Acquisitions to Finish Another Record Year of Growth

Retrieved on: 
Wednesday, December 27, 2023
AEC, Hazardous waste, CLP, Acquisition, CEC, Engineering, Groundwater, SVP, Airline

DECATUR, Ala., Dec. 27, 2023 /PRNewswire/ -- Alliance Technical Group (Alliance), a prominent leader in the environmental compliance sector, announces the successful acquisition of two significant assets.

Key Points: 
  • DECATUR, Ala., Dec. 27, 2023 /PRNewswire/ -- Alliance Technical Group (Alliance), a prominent leader in the environmental compliance sector, announces the successful acquisition of two significant assets.
  • These acquisitions represent key advancements in Alliance's ongoing commitment to delivering broad-based environmental solutions to its diverse customer base.
  • Chris Oprandi, VP of Environmental Labs at Alliance, commented, "We are excited to add the Chemtech team to the Alliance organization.
  • With these latest acquisitions, Alliance proudly marks its seventh strategic acquisition in 2023 reflecting a record year of dynamic growth and steadfast commitment to expanding its environmental services portfolio.

Oil Drillers Mislead With Advertising Claims That Decreased CA Crude Oil Production Policies Lead To High Gas Prices, says Consumer Watchdog

Retrieved on: 
Tuesday, December 19, 2023
WSPA, IRS, Round Table, SBX, Policy, CEI, Bloomberg Businessweek, Gasoline, State, Multimedia, Environment & Energy Publishing, Consultant, Dodge, School, Consumer Watchdog, Acquisition, Business Roundtable, File, CEC, Court, UC, Hospital, Disclosure, Criminal defense lawyer, University of California, Berkeley, Insurance, Tea, Natural Resources, Energy independence, Shell, CARE, Consumer Alert, Nielsen, News, Aera Energy, Business

Consumer Watchdog pointed to experts and evidence that show decreased local oil production has no impact on California gas prices.

Key Points: 
  • Consumer Watchdog pointed to experts and evidence that show decreased local oil production has no impact on California gas prices.
  • "Crude oil prices are set on a world market that the level of California crude oil production does not impact."
  • "Consumers will not benefit from more oil production in the state and they will not be hurt by less oil production in California," Bornstein said .
  • "The main determinant of gasoline prices has nothing to do with decreased local production of crude oil," said Consumer Advocate Liza Tucker.

Prospect Silicon Valley Spotlights Significant Decarbonization Projects of the Year

Retrieved on: 
Tuesday, December 19, 2023
MAP, Workforce, Partnership, Outline, DER, Strategic planning, CPUC, GHG, CMIS, City, CARB, CEC, Environment, SAN, Lawrence Berkeley National Laboratory, Investment, California Energy Commission, PG&E, University of California, Berkeley, Energy, Public, Engineering, Face, Carbon, BPS, Data collection, EV, Renewable energy

SAN JOSE, Calif., Dec. 19, 2023 /PRNewswire/ -- Prospect Silicon Valley (ProspectSV), a nonprofit cleantech innovation and social impact hub focusing on decarbonization technologies, strategies, and deployments, highlights notable projects from 2023 that are paving the way for decarbonization in public and private institutions.

Key Points: 
  • SAN JOSE, Calif., Dec. 19, 2023 /PRNewswire/ -- Prospect Silicon Valley (ProspectSV), a nonprofit cleantech innovation and social impact hub focusing on decarbonization technologies, strategies, and deployments, highlights notable projects from 2023 that are paving the way for decarbonization in public and private institutions.
  • Notable projects include:
    Empower Procurement (2018-2023): A California Energy Commission funded project to streamline DER procurement for buyers and sellers, providing technical assistance to 25+ public institutions in line with California's energy goals.
  • ProspectSV provided thorough analyses on building and fleet portfolios to cities and schools, including data collection templates, replacement recommendations, strategic plans, and funding opportunities.
  • Anticipating continued momentum, ProspectSV is poised to collaborate with premier engineering and technical institutions to pioneer innovative approaches to decarbonization.

National Reconnaissance Office (NRO) Awards Albedo Electro-Optical Capabilities Contract

Retrieved on: 
Tuesday, December 5, 2023
Satellite, Defense, Audio, Video, Contracts, Electronic Design Automation, Technology, Aerospace, Manufacturing, LWIR, Albedo, National Imagery Transmission Format, BAA, Commercial, NTI, Collection, NIIRS, NRO, NEI, Intelligence, VLEO, CEC, EO, Framework

Albedo will collaborate closely with NRO to provide both near and long-term EO remote sensing capabilities via modeling, simulation, and data evaluation.

Key Points: 
  • Albedo will collaborate closely with NRO to provide both near and long-term EO remote sensing capabilities via modeling, simulation, and data evaluation.
  • This effort will conduct accuracy and quality assessments such as the National Imagery Interpretability Rating Scale (NIIRS), which measures the clarity of images from satellites.
  • Furthermore, Albedo also plans to provide Nighttime Imaging (NTI), Non-Earth Imaging (NEI), and video using its thermal LWIR sensor commercial capabilities.
  • Albedo also plans to fulfill ad-hoc product ordering and delivery requests from the NRO and their partners.

Antora Energy Receives Over $4 Million from California Energy Commission and ARPA-E to Expand Production of Breakthrough Thermophotovoltaic (TPV) Technology

Retrieved on: 
Wednesday, November 15, 2023
Hardware, Alternative Energy, Energy, Manufacturing, Technology, Other Policy Issues, Batteries, Other Natural Resources, Environment, Public Policy, Government, Natural Resources, Software, Other Energy, Internet, Engineering, EPIC, California Energy Commission, Organization, History, DAYS, Steel, ARPA, Food, TPV, Electricity, CEC, Renewable energy, Antora

This funding represents critical state-federal collaboration to scale innovative clean energy technologies, following earlier funding from the two organizations to bring Antora’s TPV technology from the lab to the manufacturing line.

Key Points: 
  • This funding represents critical state-federal collaboration to scale innovative clean energy technologies, following earlier funding from the two organizations to bring Antora’s TPV technology from the lab to the manufacturing line.
  • Antora’s thermal battery stores renewable energy as heat in blocks of solid carbon, enabling cost-effective energy storage and outputting high-temperature industrial heat and electricity on demand at costs competitive with fossil fuels.
  • “From the very beginning, the CEC and ARPA-E have been critical supporters of Antora,” said Andrew Ponec, co-founder and CEO, Antora Energy.
  • “This additional funding will further accelerate our production of TPV and continue to strengthen Antora's position as the industry leader in TPV technology.

Consumer Watchdog Calls Out Oil Refiners' Greed & Disinformation, Makes Case For Price Gouging Penalty Set At 70 Cents Per Gallon In Comments To CA Energy Commission

Retrieved on: 
Wednesday, December 13, 2023
Valero, California Energy Commission, Research, Tax, Multimedia, Public expenditure, CW, PBF, Court, CEC, Legislation, Gasoline, Consumer Watchdog, Oil, Propane

SACRAMENTO, Calif., Dec. 13, 2023 /PRNewswire/ -- Consumer Watchdog made a record of oil refiners' profiteering in California and disinformation campaign in official comments before the California Energy Commission as it determines a price gouging penalty on oil refiners.

Key Points: 
  • SACRAMENTO, Calif., Dec. 13, 2023 /PRNewswire/ -- Consumer Watchdog made a record of oil refiners' profiteering in California and disinformation campaign in official comments before the California Energy Commission as it determines a price gouging penalty on oil refiners.
  • Court noted memos from three big California oil refiners showing the companies shut down capacity to drive up price.
  • "The oil refiners in California have systematically shut down refiners and refineries as a way of maximizing their profits," Court concluded.
  • "The only recourse against big price spikes and big profit spikes is a maximum gross refining margin penalty that sets an upper limit on their greed."

California Engineering Contractors (CEC) Adopts Industry-First Schedule Risk Analysis Tool from Planera to Manage Complex Projects

Retrieved on: 
Wednesday, December 13, 2023
Construction, SAN, Organization, Risk, CPM, San Francisco–Oakland Bay Bridge, CEC, Risk management, Planera

SAN JOSE, Calif., Dec. 13, 2023 /PRNewswire/ -- Planera, a construction CPM scheduling and planning solution, announced that leading West Coast heavy construction contractor, California Engineering Contractors (CEC) will implement Planera's Risk Analysis Tool, which simulates thousands of potential scenarios to help assess and quantify schedule risk associated with an array of project contingencies. CEC, which has managed some of California's largest projects, including the restoration of the San Francisco/Oakland Bay Bridge and the BART Transbay Tube Retrofit project, will leverage the tool to help build, analyze, and optimize project schedules to streamline execution and increase profitability.

Key Points: 
  • With Planera, contractors can quickly simulate risk and measure impact based on advanced statistical analysis.
  • ConTech solutions like Planera's Risk Analysis Tool allow organizations to ensure they can accurately anticipate all variables and minimize disruption throughout projects.
  • "Planning tools have never had the ability to factor in risk until now," said Wahid Tadros, President at California Engineering Contractors.
  • Planera's Risk Analysis Tool will significantly improve our visibility into complex projects where risk needs to be modeled and understood.