NMCA

Altus Power, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 14, 2024
Other Energy, Environment, Utilities, Alternative Energy, Green Technology, Energy, Equipment, Growth, ARR, Partnership, Disposal, Accounting, Acquisition, Form 10-K, Depreciation, Expense, Bank statement, Interest expense, ASC, Vitol, GAAP, REC, Alignment, Retirement, Entity, PPA, Accretion expense, NMCA, Professional, Mergers and acquisitions

Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for fourth quarter and full year 2023.

Key Points: 
  • Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the largest commercial scale provider of clean, electric power, today announced its financial results for fourth quarter and full year 2023.
  • Operating revenues during the fourth quarter of 2023 totaled $34.2 million, compared to $26.8 million during the same period of 2022, an increase of 28%.
  • Fourth quarter 2023 GAAP net loss totaled $40.0 million, compared to net income of $67.1 million for the same period last year.
  • Adjusted EBITDA* during the fourth quarter of 2023 was $17.3 million, compared to $16.6 million for the fourth quarter of 2022, a 5% increase.

Government of Canada and Mushkegowuk Council successfully complete feasibility assessment and take a major step toward officially protecting western James Bay and southwestern Hudson Bay

Retrieved on: 
Thursday, February 22, 2024
Parliament, Indigenous peoples, Parks Canada, Education, News, Biodiversity loss, Exercise, Biodiversity, Red knot, Federation, Nature, NMCA, Government, Climate change, Ice, Mushkegowuk Council, Fort Severn, Survival, Moose Factory, First Nations, Environment, Science, Today, Breeding, Moose Cree, Grand, Partnership, Whaling

"Today marks a major step forward for the Mushkegowuk Council, the Omushkego Cree people, and the Government of Canada.

Key Points: 
  • "Today marks a major step forward for the Mushkegowuk Council, the Omushkego Cree people, and the Government of Canada.
  • "The successful completion of the feasibility assessment for the proposed national marine conservation area in western James Bay and southwestern Hudson Bay is fantastic news.
  • "Completing this feasibility assessment toward the establishment of a new national marine conservation area in the western James Bay and southwestern Hudson Bay regions is an incredible achievement.
  • A steering committee was established to help guide the feasibility assessment for the proposed NMCA in western James Bay.

Altus Power, Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Monday, November 13, 2023
Environment, Commercial Building & Real Estate, Technology, Construction & Property, Utilities, Alternative Energy, Software, Green Technology, Energy, Disposal, EBITDA, Accounting, Acquisition, NYSE, Equipment, Earnout, Depreciation, Bank statement, Annual report, Expense, Samsung Galaxy Note 20, PAR, Multimedia, Alignment, Interest expense, FASB, REC, GAAP, Professional, CBRE, Gain, Retirement, Redmi Note 11, Mergers and acquisitions, Growth, Entity, Accretion expense, PPA, NMCA, Renewable energy, Asset management, Bank, Insurance, Bookkeeping, Security (finance)

Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its financial results for the third quarter of 2023.

Key Points: 
  • Altus Power, Inc. (NYSE: AMPS), the leading commercial-scale provider of clean electric power, today announced its financial results for the third quarter of 2023.
  • Third quarter 2023 GAAP net income totaled $6.8 million, compared to net loss of $96.6 million for the same period last year.
  • Adjusted EBITDA* during the third quarter of 2023 was $29.1 million, compared to $19.4 million for the third quarter of 2022, a 50% increase.
  • Altus Power reaffirmed 2023 adjusted EBITDA* in the range of $97-103 million, representing approximately 70% growth over 2022.

Leclanché SA ready for PFAS restrictions in Europe thanks to its water-based cell production

Retrieved on: 
Thursday, October 26, 2023
Si, Water, NB, Health, Steam, European Commission, NMP, ECHA, Carbon, REACH, Civil service commission, Environment, PFAS, NMC, Traction, Recycling, NCA, NMCA, Safety, Cancer, European Chemicals Agency, Electrode, Cosmetics, Electric battery

Battery industry will be impacted as PFAS are a widely used element in the electrode production process.

Key Points: 
  • Battery industry will be impacted as PFAS are a widely used element in the electrode production process.
  • Thanks to the unique water-based binder process used in its cell production, Leclanché is one of the unique European battery manufacturers with well-proven and scalable PFAS-free alternatives for Li-Ion batteries.
  • Currently Leclanché has validated and manufactured PFAS-free electrodes in production and has the technology to manufactured PFAS free cells with some minor process step adaptations.
  • “Leclanché has proven over the last years that the cell technology can meet the PFAS restrictions in Europe,” emphasises Pierre Blanc, CEO of Leclanché.

Internet Brands Auto Classifieds Welcomes Aaron Hahn to the Sales Team

Retrieved on: 
Friday, August 25, 2023
NMCA, Business development, NMRA, Collection, Recreational vehicle, 3D printing, Video game

NORTH ADAMS,Mass., Aug. 25, 2023 /PRNewswire-PRWeb/ -- The Internet Brands Auto Classifieds group is pleased to welcome auto industry veteran Aaron Hahn to its sales team. Led by flagship site RacingJunk.com, the Auto Classifieds group specializes in bringing the best in buying, selling and trading in an online marketplace to the race and performance audience. Hahn's extensive experience as a publisher, promoter, and producer gives him keen insight into the unique audience the group serves, as does his years of sales expertise in the enthusiast space with an emphasis on domestic drag racing.

Key Points: 
  • NORTH ADAMS,Mass., Aug. 25, 2023 /PRNewswire-PRWeb/ -- The Internet Brands Auto Classifieds group is pleased to welcome auto industry veteran Aaron Hahn to its sales team.
  • "We are thrilled to welcome Aaron to the team," emphasizes Scott Stetz, Director of Sales and Business Development for the Internet Brands Auto Classifieds Group.
  • The Internet Brands Auto Classifieds group is a collection of Auto Classifieds websites including RacingJunk.com, HotRodHotline.com, OldRide.com and CollectorCarNation.com.
  • The vertical focuses on auto racing and performance, hot rods, classic and collectible vehicles & parts, as well as trailers and RVs.

Altus Power, Inc. Announces Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023
Alternative Energy, Energy, Utilities, ASC, Partnership, Bank statement, Altus, NMCA, GAAP, Interest expense, Accounting, REC, Entity, Alignment, Mergers and acquisitions, Monte Carlo, Expense, EBITDA, PAR, Retirement, Accretion expense, Depreciation, Annual report, Professional, Earnout, Growth, Community solar, PPA, NYSE, Acquisition, Renewable energy, Insurance, Bookkeeping, Security (finance), Power

Altus Power, Inc. (NYSE: AMPS) (“Altus Power,” “we,” “us,” “our,” or the “Company”), the leading commercial-scale provider of clean electric power, today announced its financial results for the second quarter of 2023.

Key Points: 
  • Altus Power, Inc. (NYSE: AMPS) (“Altus Power,” “we,” “us,” “our,” or the “Company”), the leading commercial-scale provider of clean electric power, today announced its financial results for the second quarter of 2023.
  • Second quarter 2023 GAAP net income totaled $3.4 million, compared to $21.6 million for the same period last year.
  • Adjusted EBITDA* during the second quarter of 2023 was $30.6 million, compared to $13.9 million for the second quarter of 2022, a 120% increase.
  • Altus Power reaffirmed 2023 adjusted EBITDA* in the range of $97-103 million, representing 70% growth over 2022 at the midpoint.

Altus Power, Inc. Announces First Quarter 2023 Financial Results

Retrieved on: 
Monday, May 15, 2023
Alternative Energy, Energy, Other Energy, Utilities, ASC, Bank statement, Altus, NMCA, Redmi Note 11, Form 10-K, GAAP, Interest expense, Accounting, REC, Entity, Alignment, Mergers and acquisitions, Monte Carlo, Expense, EBITDA, Retirement, PAR, Acquisition, Accretion expense, Depreciation, Engineering, Samsung Galaxy Note 20, Professional, Earnout, Growth, PPA, NYSE, Cryptocurrency, Life insurance, Security (finance), Insurance, Bookkeeping, Bank

Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced its financial results for the first quarter of 2023.

Key Points: 
  • Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced its financial results for the first quarter of 2023.
  • Adjusted EBITDA* during the first quarter of 2023 was $16.0 million, compared to $8.8 million for the first quarter of 2022, a 83% increase.
  • Altus Power ended the first quarter of 2023 with $84.2 million in cash, cash equivalents, and restricted cash, and $868.3 million of total debt.
  • Altus Power reaffirmed 2023 adjusted EBITDA* in the range of $97-103 million, representing 70% growth over 2022 at the midpoint.

L&F of Korea obtains license from CAMX Power for its GEMX® advanced cathode material platform for Lithium-ion batteries

Retrieved on: 
Tuesday, May 2, 2023
Lithium, Intellectual property, NCA, L&F, NMCA, LG Energy Solution, Samsung, NMC, Invention, EVS, Cobalt, LNO, CAMX, Nickel, Transport, Environment, Aluminium

The GEMX® platform is based on fundamental inventions of CAMX for which key patents have been granted globally including the US, EU, Korea, Japan and China.

Key Points: 
  • The GEMX® platform is based on fundamental inventions of CAMX for which key patents have been granted globally including the US, EU, Korea, Japan and China.
  • The GEMX inventions, through molecular engineering, place Cobalt, Aluminum, etc.
  • "Cathode material is the key enabler of Lithium-ion batteries, accounting for more than 50% of the cell cost.
  • Only a handful of companies across the globe can and do supply this critical material.

L&F of Korea obtains license from CAMX Power for its GEMX® advanced cathode material platform for Lithium-ion batteries

Retrieved on: 
Tuesday, May 2, 2023
Lithium, Intellectual property, NCA, L&F, NMCA, LG Energy Solution, Samsung, NMC, Invention, EVS, Cobalt, LNO, CAMX, Nickel, Transport, Environment, Aluminium

The GEMX® platform is based on fundamental inventions of CAMX for which key patents have been granted globally including the US, EU, Korea, Japan and China.

Key Points: 
  • The GEMX® platform is based on fundamental inventions of CAMX for which key patents have been granted globally including the US, EU, Korea, Japan and China.
  • The GEMX inventions, through molecular engineering, place Cobalt, Aluminum, etc.
  • "Cathode material is the key enabler of Lithium-ion batteries, accounting for more than 50% of the cell cost.
  • Only a handful of companies across the globe can and do supply this critical material.

Altus Power, Inc. Announces Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Thursday, March 30, 2023
Alternative Energy, Energy, Other Energy, Utilities, Equipment, ASC, Disposal, Bank statement, Altus, NMCA, Redmi Note 11, Form 10-K, GAAP, Interest expense, Accounting, REC, Entity, Alignment, Mergers and acquisitions, Monte Carlo, Expense, EBITDA, Retirement, PAR, Acquisition, Accretion expense, Depreciation, Professional, Samsung Galaxy Note 20, Earnout, Growth, PPA, NYSE, Pharmaceutical industry, Cryptocurrency, Video game, Renewable energy, Security (finance), Insurance, Bookkeeping, Bank, Sewage treatment

Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced its financial results for fourth quarter and full year 2022.

Key Points: 
  • Altus Power, Inc. (NYSE: AMPS) (“Altus Power” or the “Company”), the premier independent commercial-scale clean electrification company, today announced its financial results for fourth quarter and full year 2022.
  • Fourth quarter 2022 GAAP net income totaled $67.1 million, compared to $14.5 million for the same period last year.
  • Adjusted EBITDA* during the fourth quarter of 2022 was $16.6 million, compared to $12.9 million for the fourth quarter of 2021, a 29% increase.
  • Altus Power ended the fourth quarter of 2022 with $193.0 million in cash and $664.6 million of total debt.