United States Department of Energy

New DOE-Backed, CALSTART-Led Program Aims to Supercharge EV Uptake by Accelerating Workplace Charging

Retrieved on: 
Thursday, November 9, 2023

Top brands like IKEA, Siemens, Prologis, The Ohio State University, Michigan State University, and others agree that the time for workplace EV charging has come, and all are growing workplace charging infrastructure.

Key Points: 
  • Top brands like IKEA, Siemens, Prologis, The Ohio State University, Michigan State University, and others agree that the time for workplace EV charging has come, and all are growing workplace charging infrastructure.
  • One of the program’s premier new offerings is the Charge@Work Project Builder , which is free and available to anyone looking to build a workplace charging program.
  • The Charge@Work Project Builder takes the user on a virtual journey through creating a workplace charging program.
  • The United States Department of Energy-backed program can also help:
    “We like to call ourselves your workplace charging concierge — because we and our partners can help support your workplace charging project from idea to implementation,” said Zimbler.

Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Agree to Terminate the Carbon Free Power Project (CFPP)

Retrieved on: 
Wednesday, November 8, 2023

Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporation (NuScale) (NYSE: SMR) announced today that they have mutually agreed to terminate the Carbon Free Power Project (CFPP).

Key Points: 
  • Utah Associated Municipal Power Systems (UAMPS) and NuScale Power Corporation (NuScale) (NYSE: SMR) announced today that they have mutually agreed to terminate the Carbon Free Power Project (CFPP).
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20231108847712/en/
    Despite significant efforts by both parties to advance the CFPP, it appears unlikely that the project will have enough subscription to continue toward deployment.
  • Therefore, UAMPS and NuScale have mutually determined that ending the project is the most prudent decision for both parties.

ZymoChem Awarded $4MM from U.S. Department of Energy to Advance Production of Affordable and Effective Bio-Based Polymers

Retrieved on: 
Wednesday, November 8, 2023

SAN LEANDRO, Calif., Nov. 8, 2023 /PRNewswire/ -- ZymoChem, creators of Carbon Conserving (C2) technology that converts renewable feedstocks into high-value materials in an environmentally sustainable fashion to replace petroleum-based ingredients in everyday consumer goods, announces that it is the recipient of a $4.0 million grant from the U.S. Department of Energy (DOE) Bioenergy Technologies Office (BETO).

Key Points: 
  • As just 1 of 5 programs nationwide to be selected, ZymoChem will advance bioprocessing research and scale-up.
  • "ZymoChem is grateful to be a part of the Department of Energy's innovative investment portfolio," said Jon Kuchenreuther, ZymoChem's Co-Founder and Chief Scientific Officer.
  • "This collaboration showcases how ZymoChem's technology can reimagine chemical manufacturing for the 21st century in a more efficient and environmentally sustainable manner."
  • "Decarbonizing the industrial sector is also crucial to equity goals," the DOE noted in its press release of the grant funding.

Cameco and Brookfield Complete Acquisition of Westinghouse Electric Company Creating a Powerful Platform for Strategic Growth

Retrieved on: 
Tuesday, November 7, 2023

Once contracts are signed and work begins, these projects are expected to generate multi-year revenue streams and EBITDA for Westinghouse.

Key Points: 
  • Once contracts are signed and work begins, these projects are expected to generate multi-year revenue streams and EBITDA for Westinghouse.
  • Due to the timing of the close of this transaction, we do not expect to receive any cash distributions in 2023.
  • The acquisition of Westinghouse was completed in the form of a limited partnership with Brookfield.
  • The board of directors governing the limited partnership consists of six directors, three appointed by Cameco and three appointed by Brookfield.

Wallbox and Bidirectional Energy Selected by California Energy Commission for Proposed Awards to Deploy V2X Chargers Across California

Retrieved on: 
Thursday, November 2, 2023

The companies plan to offer Wallbox’s second-generation DC bidirectional charger, Quasar 2, with the Bidirectional Energy EV charger management platform, starting in the first half of 2024.

Key Points: 
  • The companies plan to offer Wallbox’s second-generation DC bidirectional charger, Quasar 2, with the Bidirectional Energy EV charger management platform, starting in the first half of 2024.
  • In a highly competitive process, Bidirectional Energy and Wallbox have been proposed recipients for awards of $2.2M in Phase 1 funding by the CEC Clean Transportation Program.
  • When the awards are confirmed, the partnership between Bidirectional Energy and Wallbox will be able to deploy Quasar 2 bidirectional chargers in California residential homes, as well as offer installation solutions via COIL, a Wallbox company.
  • The partnership between Bidirectional Energy and Wallbox unlocks access to the V2G programs, providing additional revenue streams to EV owners.

X-BATT Pioneers the Future of Energy Storage

Retrieved on: 
Thursday, November 2, 2023

In light of the increasing global demand for energy storage, X-BATT and Semplastics continue to focus on the development of high-performance lithium-ion battery anode composites utilizing recycled graphite from spent batteries.

Key Points: 
  • In light of the increasing global demand for energy storage, X-BATT and Semplastics continue to focus on the development of high-performance lithium-ion battery anode composites utilizing recycled graphite from spent batteries.
  • X-BATT and Semplastics, innovators in energy storage solutions, are happy to announce a new collaboration with Princeton NuEnergy and the Battery Innovation Center, leading players in the energy domain.
  • Together, the parties aim to transform the energy storage landscape.
  • Our collaboration aims to address these very challenges, ushering in a new era of energy storage," states Bill Easter, CEO of X-BATT and Semplastics.

X-energy and Ares Acquisition Corporation Mutually Agree to Terminate Business Combination Agreement

Retrieved on: 
Tuesday, October 31, 2023

X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.

Key Points: 
  • X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.
  • Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the business combination agreement.
  • In view of the termination of the Business Combination Agreement, AAC determined that it will not be able to consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (as amended, the “Articles”).
  • As of November 6, 2023, AAC will cease all operations except those required to wind up AAC’s business.

Dominion Energy Announces Retirements of Two Directors, Election of Two New Independent Directors as Part of Continuing Board Refreshment

Retrieved on: 
Friday, November 3, 2023

Jibson was elected to the board in 2016 after the completion of the combination of Dominion Energy and Questar Corporation, where he was chairman, president, and chief executive officer.

Key Points: 
  • Jibson was elected to the board in 2016 after the completion of the combination of Dominion Energy and Questar Corporation, where he was chairman, president, and chief executive officer.
  • "Ron and Mike have served Dominion Energy's shareholders with distinction," said Robert M. Blue, chair, president and chief executive officer.
  • The company also announced that the board of directors has elected two new independent directors, Vanessa L. Allen Sutherland and Paul M. Dabbar.
  • Those elections are effective Dec. 1, 2023, and part of the company's ongoing commitment to strong corporate governance and regular board refreshment of its board of directors.

Inna Braverman Receives the Prestigious Global Leadership Award from Vital Voices by Former Secretary of State Hillary Clinton

Retrieved on: 
Thursday, November 2, 2023

WASHINGTON, Nov. 2, 2023 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq Capital Market: WAVE) ("Eco Wave Power" or the "Company"), a leading, publicly traded onshore wave energy company, is pleased to announce that Inna Braverman, the company's Founder and Chief Executive Officer, received the Vital Voices' Global Leadership Award.

Key Points: 
  • Vital Voices which was co-founded by Secretary Clinton and the late U.S. Secretary of State Madeleine Albright, has provided early support for future Nobel Peace Prize Laureates, Prime Ministers, award-winning innovators, and breakthrough social entrepreneurs.
  • Ambassador for Global Women's issues appointed by President Barack Obama in 2009, presented Braverman with the award:
    "I am honored to be here tonight to recognize a remarkable leader.
  • When most of her peers said it couldn't be done, Inna found a way to produce clean energy from ocean and sea waves.
  • As part of the awards show, Vital Voices premiered documentaries on each of the honorees, produced by Queen Collective, a female filmmakers initiative.

Inna Braverman Receives the Prestigious Global Leadership Award from Vital Voices by Former Secretary of State Hillary Clinton

Retrieved on: 
Thursday, November 2, 2023

WASHINGTON, Nov. 2, 2023 /PRNewswire/ -- Eco Wave Power Global AB (publ) (Nasdaq Capital Market: WAVE) ("Eco Wave Power" or the "Company"), a leading, publicly traded onshore wave energy company, is pleased to announce that Inna Braverman, the company's Founder and Chief Executive Officer, received the Vital Voices' Global Leadership Award.

Key Points: 
  • Vital Voices which was co-founded by Secretary Clinton and the late U.S. Secretary of State Madeleine Albright, has provided early support for future Nobel Peace Prize Laureates, Prime Ministers, award-winning innovators, and breakthrough social entrepreneurs.
  • Ambassador for Global Women's issues appointed by President Barack Obama in 2009, presented Braverman with the award:
    "I am honored to be here tonight to recognize a remarkable leader.
  • When most of her peers said it couldn't be done, Inna found a way to produce clean energy from ocean and sea waves.
  • As part of the awards show, Vital Voices premiered documentaries on each of the honorees, produced by Queen Collective, a female filmmakers initiative.