Nuclear

Kayne Energy Infrastructure Announces Leadership Additions

Retrieved on: 
Tuesday, January 30, 2024

Kayne Energy Infrastructure (“KEI”) announced that Eric Javidi and Harrison Little have rejoined the firm in senior leadership roles.

Key Points: 
  • Kayne Energy Infrastructure (“KEI”) announced that Eric Javidi and Harrison Little have rejoined the firm in senior leadership roles.
  • KEI manages over $4 billion in assets across retail and institutional products focused on the energy infrastructure sector, including traditional energy infrastructure, energy transition and renewable infrastructure.
  • In conjunction with Jim’s continued leadership, these additions solidify KEI’s position as one of the preeminent firms investing in energy infrastructure.”
    Mr. Javidi brings extensive investing, operating and leadership experience in energy infrastructure and the energy transition.
  • Kayne Anderson, founded in 1984, is a leading alternative investment management firm focused on infrastructure, energy, real estate, credit, and growth capital.

Michael Lempke to Lead HII’s Australia Business

Retrieved on: 
Wednesday, January 17, 2024

MCLEAN, Va., Jan. 17, 2024 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Mission Technologies division announced that Michael Lempke will lead HII Australia business efforts, effective Jan. 1, 2024.

Key Points: 
  • MCLEAN, Va., Jan. 17, 2024 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Mission Technologies division announced that Michael Lempke will lead HII Australia business efforts, effective Jan. 1, 2024.
  • Lempke will direct HII’s business in-country and specifically in support of the Australia-United Kingdom-United States (AUKUS) trilateral partnership.
  • Lempke also serves as president of Mission Technologies’ Nuclear and Environmental Services business group.
  • For HII in Australia, Lempke will be responsible for leveraging HII expertise in unmanned systems, C5ISR operations, the application of AI and machine learning, and nuclear shipbuilding expertise in support of AUKUS.

Graham Corporation Announces Third Quarter Fiscal Year 2024 Financial Results Conference Call and Webcast

Retrieved on: 
Monday, January 29, 2024

Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced that it will release its third quarter fiscal year 2024 financial results before financial markets open on Monday, February 5, 2024.

Key Points: 
  • Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced that it will release its third quarter fiscal year 2024 financial results before financial markets open on Monday, February 5, 2024.
  • The Company will host a conference call and webcast to review its financial and operating results, strategy, and outlook.
  • Internet webcast link and accompanying slide presentation: ir.grahamcorp.com
    A telephonic replay will be available from 3:00 p.m.
  • ET on the day of the teleconference through Monday, February 12, 2024.

Crane Company Reports Fourth Quarter 2023 Results, Provides 2024 Guidance, and Raises Annual Dividend by 14%

Retrieved on: 
Monday, January 29, 2024

Crane Company ("Crane," NYSE: CR) today announced its financial results for the fourth quarter of 2023 and provided guidance for 2024.

Key Points: 
  • Crane Company ("Crane," NYSE: CR) today announced its financial results for the fourth quarter of 2023 and provided guidance for 2024.
  • Max Mitchell, Crane's President and Chief Executive Officer, stated: “Crane delivered yet another impressive quarter, with continued evidence of differentiated execution and accelerating results from growth initiatives.
  • Both acquisitions meet all of our strategic and financial criteria, and both strengthen our product and technology portfolio.
  • Fourth quarter sales increased 10%, with 5% core sales growth, a 3% benefit from the Baum acquisition, and a 1% benefit from favorable foreign exchange.

Westinghouse Appoints Lou Martinez Sancho as Chief Technology Officer

Retrieved on: 
Monday, January 29, 2024

Westinghouse Electric Company announced today the appointment of Lou Martinez Sancho as Chief Technology Officer and Executive Vice President of R&D and Innovation.

Key Points: 
  • Westinghouse Electric Company announced today the appointment of Lou Martinez Sancho as Chief Technology Officer and Executive Vice President of R&D and Innovation.
  • In this role, Martinez Sancho will lead the company’s global research and development portfolio and advance the company’s innovative product and services technology strategy.
  • View the full release here: https://www.businesswire.com/news/home/20240129140784/en/
    Westinghouse announced today the appointment of Lou Martinez Sancho as Chief Technology Officer and Executive Vice President of R&D and Innovation.
  • (Photo: Business Wire)
    “For decades, Westinghouse has pioneered ideas that have shaped tomorrow’s energy future,” said Patrick Fragman, Westinghouse President and Chief Executive Officer.

Babcock & Wilcox Awarded Utility-Scale Solar EPC Contracts Totaling 75 Megawatts in Pennsylvania

Retrieved on: 
Thursday, January 25, 2024

Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that its subsidiary, Babcock & Wilcox Solar Energy, Inc. (B&W Solar), has been awarded contracts by Cypress Creek Renewables, LLC to implement three utility-scale photovoltaic solar power installations totaling 75 megawatts in western Pennsylvania.

Key Points: 
  • Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) announced today that its subsidiary, Babcock & Wilcox Solar Energy, Inc. (B&W Solar), has been awarded contracts by Cypress Creek Renewables, LLC to implement three utility-scale photovoltaic solar power installations totaling 75 megawatts in western Pennsylvania.
  • Site work for the first project began in November 2023, and work for the second and third projects is scheduled to begin in March 2024.
  • "Over the past several months, we have strengthened our operations platform and are capable of delivering larger utility-scale projects.
  • With more than 100 operational installations of clean solar power production, the B&W Solar team is highly experienced in commercial, industrial and community solar project execution, and is committed to safety, outstanding service, quality delivery and construction.

Clean Earth and Veolia North America Sign First-of-its-Kind Hazardous Waste Treatment Agreement

Retrieved on: 
Thursday, January 25, 2024

Clean Earth, a division of Enviri Corporation (NYSE: NVRI), and Veolia North America, have executed a long-term collaborative agreement for significant incineration capacity at the new state-of-the-art thermal facility in Southwest Arkansas.

Key Points: 
  • Clean Earth, a division of Enviri Corporation (NYSE: NVRI), and Veolia North America, have executed a long-term collaborative agreement for significant incineration capacity at the new state-of-the-art thermal facility in Southwest Arkansas.
  • The five-year agreement, structured to provide guaranteed access for Clean Earth by Veolia, is a first-of-its-kind in the industry and a positive advancement for the waste management industry and customers as the new facility, opening in 2025, will provide much-needed additional capacity.
  • View the full release here: https://www.businesswire.com/news/home/20240125023718/en/
    “This unique agreement solves some of the constraints that have challenged the industry in the past several years,” said Jeff Beswick, President of Clean Earth.
  • Veolia North America will increase waste treatment access for Clean Earth throughout 2024 to ramp up activities for a smooth transition in 2025.

Westinghouse Reaches a Key Milestone with Accident-Tolerant Fuel Technology

Retrieved on: 
Thursday, January 25, 2024

Westinghouse Electric Company provided 25 irradiated nuclear fuel rods, including accident-tolerant fuel, to Idaho National Laboratory (INL) for testing and examination, a critical step toward qualification of the new design.

Key Points: 
  • Westinghouse Electric Company provided 25 irradiated nuclear fuel rods, including accident-tolerant fuel, to Idaho National Laboratory (INL) for testing and examination, a critical step toward qualification of the new design.
  • View the full release here: https://www.businesswire.com/news/home/20240125022554/en/
    The shipment of advanced fuel, designed by Westinghouse, arriving at INL following its irradiation in a commercial nuclear power plant.
  • (Photo: Business Wire)
    Designed by Westinghouse, this new fuel technology with enhanced safety features will enable nuclear power plants to extend the generation of electricity from the current 18 months to 24 months, reducing refueling outages while delivering significant cost savings for customers and generating less spent nuclear fuel.
  • Westinghouse is a leading supplier of nuclear fuel, providing a uniquely diversified portfolio in the industry across nuclear reactor types, including PWR, BWR, AGR, and VVER.

Babcock & Wilcox and Black Hills Energy Receive State of Wyoming Grant to Develop a Low-Carbon Hydrogen Facility Using BrightLoop™ Technology

Retrieved on: 
Wednesday, January 24, 2024

The plant design intends to use B&W’s BrightLoop™ technology to produce clean energy from coal, while CO2 emissions will be sequestered, or put to beneficial use.

Key Points: 
  • The plant design intends to use B&W’s BrightLoop™ technology to produce clean energy from coal, while CO2 emissions will be sequestered, or put to beneficial use.
  • As designed, the plant will be capable of producing 15 tons of clean hydrogen per day utilizing the BrightLoop process, which is a patented chemical looping technology.
  • “We look forward to working closely with our partner, Black Hills Energy, as we complete engineering, begin construction, and move toward completion of this commercial-scale project.
  • The BrightLoop process uses a proprietary, regenerable particle and has been demonstrated to effectively separate CO2 while producing hydrogen, steam and/or syngas.

XGS Energy Secures $9.7M in New Financing Led by Constellation Technology Ventures

Retrieved on: 
Tuesday, January 23, 2024

XGS Energy , an innovator in next-generation geothermal energy technology, today announced that it has raised an additional $9.7 million.

Key Points: 
  • XGS Energy , an innovator in next-generation geothermal energy technology, today announced that it has raised an additional $9.7 million.
  • The round was led by Constellation Technology Ventures, with BlueScopeX and Thin Line Capital , as well as individual inside investors.
  • This new financing will accelerate XGS’ North American prototype demonstrating its proprietary Thermal Reach Enhancement™ (TRE) geothermal technology at full commercial scale.
  • “XGS has brought together the right team with the right technology to unleash the potential of geothermal energy.”
    To learn more about XGS Energy, please visit https://www.xgsenergy.com .