ESS

Lithium Royalty Corp. Reports Q4 2023 Results

Retrieved on: 
Wednesday, March 27, 2024
Mining, Minerals, Natural Resources, Lithium, EV, Cell, Biophysical environment, Thacker Pass Lithium Mine, SC6, Finniss Lithium Project, LCE, LFP, Bank statement, PEA, Bloomberg L.P., Cost, LOM, Core, LRC, Tres Quebradas, Atlas, EVS, SMM, Battery electric vehicle, Plug-in, Interim, PHEV, NPV, Sigma, Annual report, Hybrid, Economics, BYD, Growth, BEV, COMEX, Shanghai Metals Market, CFO, GT1, NSR, Root, Lithium oxide, ESS

Atlas Lithium Das Neves Royalty: In December 2023, Atlas Lithium announced that it was fully funded to develop Phase 1 of its Das Neves project, which Atlas is targeting to produce 150,000 tpa of spodumene concentrate.

Key Points: 
  • Atlas Lithium Das Neves Royalty: In December 2023, Atlas Lithium announced that it was fully funded to develop Phase 1 of its Das Neves project, which Atlas is targeting to produce 150,000 tpa of spodumene concentrate.
  • Atlas Lithium has secured $50 million in funding through partnerships with lithium converters Chengxin Lithium and Sichuan Yahua.
  • LRC estimates that the global lithium market grew by approximately 28% in 2023, with the lithium market approaching almost 1Mt of lithium carbonate equivalent (LCE).
  • SMM reports that spodumene concentrate prices in 2023 averaged $3,610/tonne CIF (Cost, Insurance, and Freight) China, with lithium carbonate prices during 2023 averaging approximately $36,000/tonne.

Essex Property Trust Acquires Joint Venture Partner’s Interest in Four Communities Comprising 1,480 Apartment Homes

Retrieved on: 
Monday, March 25, 2024
REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, IRR, ESS, Core, Essex Property Trust

Essex Property Trust, Inc. (NYSE:ESS) announced today that it acquired its joint venture partner’s 49.9% interest in the BEXAEW portfolio for a total purchase price of $505.0 million on a gross basis.

Key Points: 
  • Essex Property Trust, Inc. (NYSE:ESS) announced today that it acquired its joint venture partner’s 49.9% interest in the BEXAEW portfolio for a total purchase price of $505.0 million on a gross basis.
  • The seller’s cap rate is approximately 5.25%; however, after incorporating additional economic benefits by fully integrating this portfolio into our operating platform, we estimate a 5.9% year-one yield.
  • Concurrent with closing, the Company repaid $219.9 million of debt encumbering the properties and consolidated the communities on the Company’s financials.
  • The portfolio is comprised of four properties totaling 1,480 apartment homes.

ESS’ Energy Center is First LDES Solution to Receive IEEE 693 Rating Demonstrating Resilience Against Seismic Events

Retrieved on: 
Monday, March 25, 2024
Environment, Technology, Natural Disasters, Engineering, Utilities, Alternative Energy, Manufacturing, Green Technology, Energy, Batteries, UL, Energy Centre, Certification, Acceleration, Risk, University, IEEE, ETL, Water, Safety, ESS, Iron, Weather, Renewable energy

This standard provides assurance that the Energy Center product line qualifies for deployment as critical infrastructure across the United States.

Key Points: 
  • This standard provides assurance that the Energy Center product line qualifies for deployment as critical infrastructure across the United States.
  • The company is the first non-lithium LDES provider to receive such a rating.
  • Certification to the IEEE 693 – Level: High standard demonstrates that the Energy Center can withstand acceleration up to 2.5 times the force of gravity and be relied upon to provide power during major seismic events.
  • Availability of flexible, safe and resilient LDES technologies will be critical as the world transitions to renewable energy.

Convergent Energy and Power Releases 2023 Sustainability and Impact Report

Retrieved on: 
Thursday, March 14, 2024
Other Energy, Professional Services, Environmental Policy, Utilities, Sustainability, Alternative Energy, Energy, Environment, Other Professional Services, Green Technology, Climate Change, Environmental, Social and Governance (ESG), Annual report, Convergent, Biophysical environment, Risk, ESG, Research, Sustainalytics, CO2, Safety, ESS, Renewable energy

Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, today announced the publication of its 2023 Sustainability and Impact Report.

Key Points: 
  • Convergent Energy and Power (Convergent), a leading provider of energy storage solutions in North America, today announced the publication of its 2023 Sustainability and Impact Report.
  • “This report documents our demonstrated leadership in the renewable energy sector but also our commitment to improve in the year ahead.
  • We’re proud to be in the business of accelerating the clean energy transition through AI-powered energy storage.
  • As of April 2023, Sustainalytics rated Convergent as the seventh-lowest risk company out of 706 companies rated within the utilities sector.

ESS Tech, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, March 13, 2024
Other Manufacturing, Environment, Technology, Other Energy, Engineering, Alternative Energy, Manufacturing, Green Technology, Energy, Batteries, Nexus, Energy Centre, Forward, Interest, EW, Partnership, Telephone, Reefer ship, Honeywell, EDT, TID, Contingency, BWP, Investment, Portland General Electric, ESS, Renewable energy

ESS Tech, Inc. (“ESS,” “ESS, Inc.” or the “Company”) (NYSE:GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced financial results for its fourth quarter and full year ended December 31, 2023.

Key Points: 
  • ESS Tech, Inc. (“ESS,” “ESS, Inc.” or the “Company”) (NYSE:GWH), a leading manufacturer of long-duration energy storage systems (LDES) for commercial and utility-scale applications, today announced financial results for its fourth quarter and full year ended December 31, 2023.
  • At the end of 2023, ESS successfully “lifted” its first Energy Center™ (EC), a key milestone in the manufacturing process.
  • ESS will hold a conference call on Wednesday, March 13, 2024 at 5:00 p.m. EDT to discuss financial results for its fourth quarter and full year ended December 31, 2023.
  • A live webcast of the conference call will be available on ESS’ Investor Relations website at http://investors.essinc.com/ .

Vestel to become a global player in mobility and energy storage

Retrieved on: 
Friday, April 5, 2024
Kilowatt-hour, Boston Consulting Group, EV, Growth, Electronics, Lead, Software, Wind, AC, Investment, Ecosystem, Power, Telecommunications, ESS, EVC, AC/DC, Electric battery

ISTANBUL, April 5, 2024 /PRNewswire/ -- Vestel will unite years of investment in mobility in Turkish and European markets under the 'Vestel Mobility' structure. Targeting a billion-dollar market cap within the next three years, the company has long been investing in mobility, a high-ranking growth area of tomorrow.

Key Points: 
  • Türkiye's technology giant Vestel unites all mobility and energy storage projects, run on substantial investments throughout the last ten years, under an umbrella organization of 'Vestel Mobility.'
  • ISTANBUL, April 5, 2024 /PRNewswire/ -- Vestel will unite years of investment in mobility in Turkish and European markets under the 'Vestel Mobility' structure.
  • Vestel Mobility, in turn, focuses on AC/DC charging stations, automotive electronics and battery energy storage solutions to take advantage of this growth.
  • We have been investing for years now in mobility and energy storage solutions, in both of which we foresee exponential growth.

Vestel to become a global player in mobility and energy storage

Retrieved on: 
Friday, April 5, 2024
Kilowatt-hour, Boston Consulting Group, EV, Growth, Electronics, Lead, Software, Wind, AC, Investment, Ecosystem, Power, Telecommunications, ESS, EVC, AC/DC, Electric battery

ISTANBUL, April 5, 2024 /PRNewswire/ -- Vestel will unite years of investment in mobility in Turkish and European markets under the 'Vestel Mobility' structure. Targeting a billion-dollar market cap within the next three years, the company has long been investing in mobility, a high-ranking growth area of tomorrow.

Key Points: 
  • Türkiye's technology giant Vestel unites all mobility and energy storage projects, run on substantial investments throughout the last ten years, under an umbrella organization of 'Vestel Mobility.'
  • ISTANBUL, April 5, 2024 /PRNewswire/ -- Vestel will unite years of investment in mobility in Turkish and European markets under the 'Vestel Mobility' structure.
  • Vestel Mobility, in turn, focuses on AC/DC charging stations, automotive electronics and battery energy storage solutions to take advantage of this growth.
  • We have been investing for years now in mobility and energy storage solutions, in both of which we foresee exponential growth.

Two-booth Collaborative Unveiling, EVE Energy's Grand Participation | Solarex Istanbul in Türkiye

Retrieved on: 
Friday, April 5, 2024
Solarex, O&M, Temperature, Attention, Cell, RMB, BMS, ABS, Exhibition, ESS, Renewable energy

ISTANBUL, April 5, 2024 /PRNewswire/ -- On 4 April, more than 350 exhibitors and tens of thousands of visitors gathered at Solarex Istanbul in Türkiye to explore the latest developments and future trends in solar photovoltaic technologies.

Key Points: 
  • ISTANBUL, April 5, 2024 /PRNewswire/ -- On 4 April, more than 350 exhibitors and tens of thousands of visitors gathered at Solarex Istanbul in Türkiye to explore the latest developments and future trends in solar photovoltaic technologies.
  • At this exhibition, EVE Energy created an exclusive booth for Mr. Flagship series products.
  • As early as January this year, EVE signed a memorandum of understanding with Türkiye's leading power plant and grid operator AKSA to establish a joint venture in Türkiye.
  • By integrating the superior resources of both parties, EVE aims to inject new vitality into Türkiye's rapidly developing energy market.

LG Energy Solution's $5.5 Billion Stand-Alone Battery Manufacturing Complex Project in Arizona Well Underway

Retrieved on: 
Wednesday, April 3, 2024
KRW, EV, Completion, Solar energy, EVS, LFP, Pleasure, Plant, Mobility, Safety, State government, LG Energy Solution, ESS, KRX, Combs High School, General Motors, Supervisor, Renewable energy

The attendees included Brian Oh, Head of Mobility & IT Battery Division at LG Energy Solution; Hyung Kim, Head of ESS Battery Division at LG Energy Solution; Richard Ra, President of LG Energy Solution Arizona; Gov.

Key Points: 
  • The attendees included Brian Oh, Head of Mobility & IT Battery Division at LG Energy Solution; Hyung Kim, Head of ESS Battery Division at LG Energy Solution; Richard Ra, President of LG Energy Solution Arizona; Gov.
  • The complex consists of two manufacturing facilities which are the company's first stand-alone cylindrical and ESS battery plants in North America.
  • The cylindrical battery plant, called LG Energy Solution Arizona, will produce 46-Series batteries for electric vehicles (EV).
  • The ESS battery manufacturing facility, called LG Energy Solution Arizona ESS, will produce lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS).

Lion Energy Unveils POWERsave Cabinet and Container Series, Delivering State-of-the-Art Energy Management for Companies

Retrieved on: 
Wednesday, April 3, 2024
Kilowatt-hour, Organization, Fireproofing, Container, Corrosion, Lithium, PS20, ESS, Renewable energy

AMERICAN FORK, Utah, April 3, 2024 /PRNewswire/ -- Lion Energy, a leader in safe, silent and eco-friendly power solutions that help individuals, families and organizations become energy independent, today announced the launch of its POWERsave™ Energy Storage Solutions (ESS), comprised of the POWERsave Container Series and POWERsave™ Cabinet Series. POWERsave offers companies custom, large-scale energy solutions including back-up power, energy time shift, renewable energy integration, load management and power system recovery.

Key Points: 
  • POWERsave offers companies custom, large-scale energy solutions including back-up power, energy time shift, renewable energy integration, load management and power system recovery.
  • "The POWERsave Energy Storage Solutions are economical and eco-friendly solutions that not only create energy independence from electrical grid outages but also minimizes a company's energy costs."
  • The POWERsave Cabinet Series for indoor and outdoor C/I energy storage systems helps reduce peak energy costs from equipment and operations.
  • For more information about Lion Energy's POWERsave Cabinet and Container Systems, please visit: http://www.lionenergy.com/ https://lionenergy.com/pages/powersave