Watt

Westinghouse Congratulates Vogtle Team on Start of Fuel Load for Unit 4

Retrieved on: 
Thursday, August 17, 2023

Westinghouse Electric Company congratulates Georgia Power, Southern Nuclear, and other Vogtle project partners, on fuel load for the new Plant Vogtle Unit 4 AP1000® reactor near Waynesboro, GA. Vogtle’s Unit 3 AP1000 reactor entered commercial operation on July 31.

Key Points: 
  • Westinghouse Electric Company congratulates Georgia Power, Southern Nuclear, and other Vogtle project partners, on fuel load for the new Plant Vogtle Unit 4 AP1000® reactor near Waynesboro, GA. Vogtle’s Unit 3 AP1000 reactor entered commercial operation on July 31.
  • The advanced nuclear fuel for Unit 4 was manufactured at Westinghouse’s Columbia Fuel Fabrication Facility in South Carolina.
  • Vogtle features four Westinghouse pressurized water reactors, including the two new AP1000 reactors.
  • Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle.

Transphorm Announces Fiscal 2024 First Quarter Results and Provides Business Update

Retrieved on: 
Monday, August 14, 2023

Reported revenue of $5.9 million for the first quarter of fiscal 2024 with roughly an equal split in Product revenue and Government revenue, a 14% increase over the first quarter of fiscal 2023.

Key Points: 
  • Reported revenue of $5.9 million for the first quarter of fiscal 2024 with roughly an equal split in Product revenue and Government revenue, a 14% increase over the first quarter of fiscal 2023.
  • With traction in design-ins and opportunities nearing production, the Company expects to resume sequential product revenue growth in the second quarter of fiscal 2024.
  • Operating expenses on a GAAP basis were $8.9 million in the first quarter of fiscal 2024, compared to $8.5 million in the fourth quarter of fiscal 2023 and $6.1 million in the first quarter of fiscal 2023.
  • Operating expenses on a non-GAAP basis were $6.8 million in the first quarter of fiscal 2024, a reduction from $7.5 million from the fourth quarter of fiscal 2023, and an increase from $5.4 million from the first quarter of fiscal 2023.

Birch Creek Energy Named 3rd Fastest Growing Company in America by Inc.

Retrieved on: 
Wednesday, August 16, 2023

ST. LOUIS, Aug. 16, 2023 /PRNewswire/ -- Birch Creek Energy has been named as the 3rd fastest growing privately-held company in America, and fastest-growing energy company on the 2023 Inc. 5000 list released this week. 

Key Points: 
  • Birch Creek Debuts at #3 Overall and #1 in Energy on the 2023 Inc. 5000
    ST. LOUIS, Aug. 16, 2023 /PRNewswire/ -- Birch Creek Energy has been named as the 3rd fastest growing privately-held company in America, and fastest-growing energy company on the 2023 Inc. 5000 list released this week.
  • Birch Creek Energy Named 3rd Fastest Growing Company in America by Inc.
    "We're proud of the growth we've been able to achieve, and more importantly the impact of the solar generation and storage projects we've completed and have in our pipeline," said Dan Siegel, CEO of Birch Creek Energy.
  • Birch Creek Energy, based in St. Louis, develops utility scale solar and energy storage projects.
  • Birch Creek Energy has a project pipeline of 13.3 gigawatts, enough to power over 10 million homes once operational.

Energous Corporation Reports 2023 Second-Quarter Results

Retrieved on: 
Thursday, August 10, 2023

Energous Corporation (NASDAQ: WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for its second quarter ended June 30, 2023.

Key Points: 
  • Energous Corporation (NASDAQ: WATT), a leading developer of RF-based charging for wireless power networks, today announced financial results for its second quarter ended June 30, 2023.
  • The partnership will integrate and deploy Energous’ PowerBridge technology and Wiliot’s IoT Pixel tags, providing customers with a solution featuring lower costs, increased mobility and improved sustainability.
  • In the project's second phase, Energous’ PowerBridges will continue to provide radio frequency-based (RF) wireless power over distance for WiGL’s tWPT networks.
  • “Energous’ solutions continue to gain traction in the IoT market with a growing roster of companies in several of our key verticals conducting proof-of-concept deployments,” said Cesar Johnston, CEO of Energous.

TeraWatt Infrastructure Breaks Ground on Cutting-Edge EV Charging Site for Fleets Near LAX

Retrieved on: 
Wednesday, August 9, 2023

SAN FRANCISCO, Aug. 9, 2023 /PRNewswire/ -- TeraWatt Infrastructure, a company powering electrified fleets with the most reliable network of charging solutions, hosted a groundbreaking event in Inglewood, California on August 8, 2023, revealing a new charging site for light duty fleets in the LA area. The site is owned, operated and maintained by TeraWatt, providing a full-stack charging solution including software and O&M services.

Key Points: 
  • SAN FRANCISCO, Aug. 9, 2023 /PRNewswire/ -- TeraWatt Infrastructure , a company powering electrified fleets with the most reliable network of charging solutions, hosted a groundbreaking event in Inglewood, California on August 8, 2023, revealing a new charging site for light duty fleets in the LA area.
  • The site is owned, operated and maintained by TeraWatt, providing a full-stack charging solution including software and O&M services.
  • "Our goal is to provide a seamless charging solution with both infrastructure and services so that fleets can more rapidly accelerate their electrification efforts," said Neha Palmer, CEO and co-founder of TeraWatt.
  • The Inglewood charging site is the first of many infrastructure build outs that will enable businesses to holistically adopt a sustainable transportation strategy."

Verdagy secures Series B funding led by Temasek and Shell Ventures

Retrieved on: 
Tuesday, August 8, 2023

MOSS LANDING, Calif., Aug. 8, 2023 /PRNewswire/ -- Verdagy, a pioneer in scaling electrolyzer technologies for industrial markets, today announced the closing of a $73-million Series B funding round. Temasek and Shell Ventures co-led the Series B round, with participation from new global investors Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures.

Key Points: 
  • Temasek and Shell Ventures co-led the Series B round, with participation from new global investors Bidra Innovation Ventures, BlueScope, Galp, Samsung Venture Investment, Toppan Ventures, Tupras Ventures, Yara Growth Ventures and Zeon Ventures.
  • "Verdagy is rising to the challenge to accelerate the green hydrogen economy and decarbonize hard-to-abate sectors such as steel and ammonia production," said Vikas Gupta, Partner at Shell Ventures.
  • "The management team has a successful track record in scaling climate technologies from megawatts to gigawatts and they are committed to achieving the same at Verdagy."
  • "Verdagy is at an inflection point - going from proven technology to commercialization stage," said Amar Singh, Head of Group, Bidra Innovation Ventures.

U.S. Nuclear Regulatory Commission Accepts NuScale Power’s Standard Design Approval Application

Retrieved on: 
Tuesday, August 1, 2023

NuScale Power Corporation (NYSE: SMR) today announced the U.S. Nuclear Regulatory Commission (NRC) accepted its Standard Design Approval (SDA) Application for formal review.

Key Points: 
  • NuScale Power Corporation (NYSE: SMR) today announced the U.S. Nuclear Regulatory Commission (NRC) accepted its Standard Design Approval (SDA) Application for formal review.
  • The NRC provided a 24-month review schedule for approval, which will align with the timing needs of NuScale’s U.S. customers.
  • View the full release here: https://www.businesswire.com/news/home/20230725913480/en/
    Left to right: Getachew Tesfaye, U.S. Nuclear Regulatory Commission; Senior Project Manager; Robert Gamble, NuScale Power Vice President of Engineering; Brian Smith, U.S. Nuclear Regulatory Commission Director of the Division of New and Renewed Licenses; Carrie Fosaaen, NuScale Power Vice President of Regulatory Affairs; Karin Feldman, NuScale Power Vice President of Program Management Office; Robert Taylor, U.S. Nuclear Regulatory Commission Deputy Office Director for New Reactors; and Mark Shaver, NuScale Power Director of Regulatory Affairs marked the U.S. Nuclear Regulatory Commission’s acceptance of NuScale’s Standard Design Approval Application for formal review.
  • “This Standard Design Approval will allow our customers to benefit from an increased power output from the small modular reactor design that the NRC previously reviewed and approved,” said Carrie Fosaaen, NuScale’s Vice President of Regulatory Affairs.

TerraPower Announces Contract Awards for Natrium Vendors

Retrieved on: 
Tuesday, August 1, 2023

TerraPower, a nuclear innovation company leading projects from research to reality, announced today the selection of four suppliers to support its Natrium Reactor Demonstration Project.

Key Points: 
  • TerraPower, a nuclear innovation company leading projects from research to reality, announced today the selection of four suppliers to support its Natrium Reactor Demonstration Project.
  • The Natrium Reactor Demonstration Project is being developed in Kemmerer, Wyoming near a retiring coal plant.
  • In support of the Natrium design, TerraPower is developing a Natrium Engineering Simulator that can simulate normal operation and plant protective functions, and WSC will provide services central to its development.
  • Successful implementation of RadICS system by Curtiss-Wright is key to the successful delivery of the Natrium Reactor Demonstration Project.

WattEV awarded $40.5 million to build truck charging depots in Northern California and Oregon along 'electric highway'

Retrieved on: 
Monday, July 31, 2023

LONG BEACH, Calif., July 31, 2023 /PRNewswire/ -- On the heels of opening the nation's largest public charging depot for electric commercial trucks at the Port of Long Beach, WattEV announced today it has secured $40.5 million in grants to further expand its growing network of electric truck stops into Northern California and Oregon.

Key Points: 
  • WattEV was also awarded $6.5 million from the Oregon Department of Environmental Quality to build a 6-acre EV charging depot.
  • Planning for the Salem electric truck stop includes 30 CCS 240 KW chargers and six MCS 1200 KW chargers.
  • WattEV selects the locations of its charging depots based on analysis of freight routes, range of electric trucks and energy supply.
  • We're proud to continue that commitment by partnering with WattEV on this transformative solar-powered, electric charging depot.

The Era of Advanced Nuclear Energy Arrives in the U.S. with First AP1000® Reactor Achieving Commercial Operation at Vogtle

Retrieved on: 
Monday, July 31, 2023

The first U.S. Gen III+ advanced nuclear Westinghouse AP1000® reactor today entered commercial operation at Southern Nuclear’s Plant Vogtle.

Key Points: 
  • The first U.S. Gen III+ advanced nuclear Westinghouse AP1000® reactor today entered commercial operation at Southern Nuclear’s Plant Vogtle.
  • Westinghouse congratulates the team at Southern, Georgia Power, and the project partners for achieving commercial operation at Unit 3.
  • The AP1000 reactors at Vogtle are the first new nuclear build projects in the U.S. in more than 30 years.
  • Over 135 years of innovation makes Westinghouse the preferred partner for advanced technologies covering the complete nuclear energy life cycle.