IPP

EQS-News: PNE AG: Targets achieved for fiscal year 2023 and growth course continues

Retrieved on: 
Wednesday, April 10, 2024
Wind, Tax, IPP, Farm, Supervisory board, Federal Network Agency, Nominal power (photovoltaic), PNE AG, Cuxhaven, Management, Acquisition, Stuvenborn, Plant, Investment, Depreciation, Geography, PNE, PV, PPA, Professional, Renewable energy

PNE AG is therefore in the upper range of the guidance for Group EBITDA of 30 to 40 million.

Key Points: 
  • PNE AG is therefore in the upper range of the guidance for Group EBITDA of 30 to 40 million.
  • "With the 'Scale up' strategy, we have initiated the further development of PNE AG into a Clean Energy Solutions Provider in 2017.
  • We have all achieved or, in some cases, significantly exceeded the ambitious targets we set ourselves for 2023.
  • In Italy and especially in Romania, the PNE Group achieved operational success on international markets in 2023.

EQS-News: CEO Markus Lesser will be leaving PNE AG at the end of July

Retrieved on: 
Wednesday, April 10, 2024
Employment, IPP, Farm, Growth, Supervisory board, TecDAX, Supervision, PNE AG, Cuxhaven, Wind, SDAX, PNE

Cuxhaven, March 15 – Markus Lesser, CEO of PNE AG, today informed the Supervisory Board of his intention to resign from his postion as member and Chairman of the Board of Management of PNE AG with effect from the end of July 2024 for personal reasons.

Key Points: 
  • Cuxhaven, March 15 – Markus Lesser, CEO of PNE AG, today informed the Supervisory Board of his intention to resign from his postion as member and Chairman of the Board of Management of PNE AG with effect from the end of July 2024 for personal reasons.
  • At the same time, the Supervisory Board will endeavour to find a suitable successor candidate for the position of CEO.
  • Per Hornung Pedersen, Chairman of the Supervisory Board: "We very much regret that Markus Lesser has decided to take this step.
  • After starting at PNE as COO in 2011, he was appointed CEO in 2016 following a number of successful years.

EQS-News: BayWa AG expects earnings to improve in the financial year 2024

Retrieved on: 
Wednesday, April 10, 2024
IPP, Pressure, Farm, Growth, Grain, AG, Heat, Disease, Agriculture, CPO, Federation, Gardening, Building material, EnergySolutions, Sale, Food, Insurance, Wind, Independent power producer, Investment, Housing, Aquaculture, Electric vehicle, Crop protection, Lubricant, BayWa, Weather, Renewable energy

BayWa AG closes the financial year 2023 with operating earnings of €304.0 million, just below the forecast for the year.

Key Points: 
  • BayWa AG closes the financial year 2023 with operating earnings of €304.0 million, just below the forecast for the year.
  • After deducting interest and tax, BayWa closed the past financial year with a loss of €93.4 million, down €332.9 million year on year.
  • “We are using 2024 for consolidation,” says Marcus Pöllinger, Chief Executive Officer of BayWa AG.
  • BayWa anticipates strong earnings growth in the current financial year, largely driven by a good apple harvest in New Zealand.

Konica Minolta Appoints Frank Mallozzi to President, IPP

Retrieved on: 
Monday, April 8, 2024
Organization, IPP, Cal Poly, Konica Minolta, Printing, Print, Pleasure, Management

Ramsey, NJ, April 08, 2024 (GLOBE NEWSWIRE) -- Konica Minolta Business Solutions U.S.A., Inc. ( Konica Minolta ) today announced Frank Mallozzi has joined the company as President, IPP.

Key Points: 
  • Ramsey, NJ, April 08, 2024 (GLOBE NEWSWIRE) -- Konica Minolta Business Solutions U.S.A., Inc. ( Konica Minolta ) today announced Frank Mallozzi has joined the company as President, IPP.
  • An experienced executive in the imaging technology industry, Mallozzi has a diverse background with proven expertise in all aspects of product development, global sales and revenue operations and marketing strategies.
  • In his new position, he will lead Konica Minolta’s industrial print channel, which includes the company’s industry leading high-speed inkjet, labeling and embellishment businesses.
  • “We are thrilled to welcome Frank to our executive team, and confident this important area of our business will continue to evolve under his leadership,” said Sam Errigo, President and CEO, Konica Minolta.

Alternus Clean Energy and Acadia Energy Announce JV to Develop 200 MW of Microgrid Projects in New York State

Retrieved on: 
Thursday, April 4, 2024
IRA, IPP, CLCPA, Partnership, Economic development, Sustainability, Renewable energy

FORT MILL, S.C., April 04, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy (NASDAQ: ALCE) (“Alternus” or the “Company”), a leading utility-scale transatlantic, clean energy independent power producer (IPP) and Acadia Energy (“Acadia”), a pioneering microgrid and renewable energy developer, today announced a landmark joint venture to co-develop 200 megawatts (MW) of Sustainability Hub™ microgrid projects in New York State.

Key Points: 
  • FORT MILL, S.C., April 04, 2024 (GLOBE NEWSWIRE) -- Alternus Clean Energy (NASDAQ: ALCE) (“Alternus” or the “Company”), a leading utility-scale transatlantic, clean energy independent power producer (IPP) and Acadia Energy (“Acadia”), a pioneering microgrid and renewable energy developer, today announced a landmark joint venture to co-develop 200 megawatts (MW) of Sustainability Hub™ microgrid projects in New York State.
  • The partnership brings together Alternus' deep expertise in renewable energy development and operations with Acadia's established track record and pipeline of projects in the region.
  • "We are thrilled to partner with Acadia Energy on this exciting initiative to develop and operate 200 MW of microgrids in New York," said Vincent Browne, CEO of Alternus.
  • The projects will provide clean, reliable, and affordable energy to local communities and businesses in New York State, supporting economic development and job creation.

Copenhagen Infrastructure Partners acquires majority stake in Elgin, a leading international solar company

Retrieved on: 
Wednesday, April 3, 2024
EUR, Culture, IPP, Growth, Partnership, CIP, Wind, Independent power producer, Investment, Copenhagen Infrastructure Partners, Renewable energy

COPENHAGEN, Denmark , April 03, 2024 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP) has signed an agreement to acquire a majority share in Elgin Energy (Elgin) and will, together with Elgin’s retained management team, invest £250 million into Elgin.

Key Points: 
  • COPENHAGEN, Denmark , April 03, 2024 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP) has signed an agreement to acquire a majority share in Elgin Energy (Elgin) and will, together with Elgin’s retained management team, invest £250 million into Elgin.
  • Elgin’s current project pipeline of 15GW is supported by development activities in the UK, Irish, and Australian markets, covering stand-alone solar, solar co-located with battery storage, and stand-alone battery storage.
  • “We are thrilled to embark on this transformative journey with Copenhagen Infrastructure Partners.
  • This strategic partnership reinforces our financial strength while aligning with our vision to become the leading European solar company.

Eagle Creek Renewable Energy acquires Lightstar Renewables

Retrieved on: 
Tuesday, March 19, 2024
IPP, Growth, Entrepreneurship, Partner (business rank), Acquisition, OPG, KeyBank, Magnetar, Renewable energy

Bethesda, MD, March 19, 2024 (GLOBE NEWSWIRE) -- An affiliate of Eagle Creek Renewable Energy (“Eagle Creek”) has acquired Lightstar Renewables, a community solar developer and owner and operator of community solar farms in the United States.

Key Points: 
  • Bethesda, MD, March 19, 2024 (GLOBE NEWSWIRE) -- An affiliate of Eagle Creek Renewable Energy (“Eagle Creek”) has acquired Lightstar Renewables, a community solar developer and owner and operator of community solar farms in the United States.
  • Lightstar is a portfolio company of funds managed by Elda River Capital Management LLC and Magnetar.
  • Lightstar will transition its full development pipeline, including fully owned assets and projects under construction, to Eagle Creek.
  • “We are pleased to add Lightstar’s clean energy assets and development capabilities to the Eagle Creek portfolio,” said Neal Simmons, President and CEO of Eagle Creek.

RIC Energy Sells Seven New York State Community Solar Projects to Radial Power

Retrieved on: 
Thursday, March 21, 2024
Other Energy, Environment, Utilities, Alternative Energy, Green Technology, Energy, EV, IPP, ESG, Climate, Sale, Plant, Multimedia, Radial, BESS, Renewable energy

RIC Energy, a global independent renewable energy developer and producer, announced the sale of seven photovoltaic plants in upstate New York to Radial Power, a leading distributed energy platform focused on the decarbonization of large real estate portfolios.

Key Points: 
  • RIC Energy, a global independent renewable energy developer and producer, announced the sale of seven photovoltaic plants in upstate New York to Radial Power, a leading distributed energy platform focused on the decarbonization of large real estate portfolios.
  • The facilities are expected to provide 100 percent clean energy to more than 8,000 homes participating in their respective utilities’ community solar programs.
  • In recent months, RIC Energy has sold 13 photovoltaic plants in the state of New York with a total capacity of 70 MW to various companies.
  • RIC Energy is a pioneering group in the development of photovoltaic energy with a presence on four continents and a developing portfolio of over 20,000 MW of projects in solar, green hydrogen and its derivatives, energy storage, biogas, and wind energy.

NEA Appoints Lila Tretikov Partner, Head of AI Strategy

Retrieved on: 
Wednesday, March 13, 2024
Professional Services, Business, Technology, Finance, Asset Management, Artificial Intelligence, Foundation (nonprofit), CIO, Microsoft, GTM, Volvo, Organization, IPP, Growth, Wikimedia Foundation, Lila Tretikov, Woman, Intelligence, United, San Francisco Chronicle, Databricks, SugarCRM, Knowledge, Ethics, Climate, United Nations, Xylem, Entrepreneurship, AI, University, Planning, Biology, Robotics, Engineering, NEA, Perception, Engie, Car, Stanford University, Multimedia, Medicine, Management

New Enterprise Associates, Inc. (NEA) announced today that Lila Tretikov has joined the firm as Partner, Head of AI Strategy.

Key Points: 
  • New Enterprise Associates, Inc. (NEA) announced today that Lila Tretikov has joined the firm as Partner, Head of AI Strategy.
  • In her newly created role at NEA, Tretikov will spearhead the firm’s strategy to advance AI innovation, adoption and implementation across its portfolio and investing practices, as well as pursue new investment opportunities.
  • View the full release here: https://www.businesswire.com/news/home/20240313803759/en/
    NEA Appoints Lila Tretikov Partner, Head of AI Strategy (Photo: Business Wire)
    “Lila is a leading global AI expert with an extraordinary depth of knowledge, from the most esoteric technical details to productization to its sweeping impact on humanity.
  • Earlier in her career, Tretikov founded several companies in the U.S. and Europe that went public or were successfully acquired.

Energy Vault Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Other Energy, Technology, Utilities, Batteries, Alternative Energy, Energy, IPP, PG&E, Q&A, Energy Vault, Energy management system, NV Energy, Motion, Adjustment, Kilowatt-hour, Safety, GAAP, SADC, EPC, Electric battery

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.

Key Points: 
  • Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a leader in sustainable, grid-scale energy storage solutions, announced financial results for the fourth quarter and full-year ended December 31, 2023.
  • Battery energy storage execution and outlook are strong:
    Began Commercial Operations of the Stanton Battery Energy Storage System with Wellhead and W Power.
  • Built using Energy Vault’s proprietary system design and Energy Management System, the Stanton Energy Storage System is one of the largest energy storage systems in Southern California.
  • Reached substantial completion on our 440 MWh battery energy storage system with NV Energy as of December 2023 and expect to achieve final completion in the first quarter 2024.