C&I

Compass Minerals Reports Fiscal Fourth-Quarter and Full-Year 2023 Results

Retrieved on: 
Thursday, November 16, 2023
Agriculture, Natural Resources, Manufacturing, Mining, Minerals, Chemicals, Plastics, Storm, Sale, EBITDA, Acquisition, SOP, Plant nutrition, Compass Minerals, C&I, Great Salt Lake, Plant, Weather, Debt-to-GDP ratio, Calendar, Note, Capital expenditure, GAAP, Fortification, Table, Lithium, The Great Salt Lake, USFS, Bank, Fertilizer, Fine chemical, Security (finance), Salt

Fiscal 2023 fourth-quarter results primarily reflect weaker Plant Nutrition segment sales offset by improved profitability in the Salt business versus the comparable year-ago period.

Key Points: 
  • Fiscal 2023 fourth-quarter results primarily reflect weaker Plant Nutrition segment sales offset by improved profitability in the Salt business versus the comparable year-ago period.
  • Consolidated operating earnings for fiscal 2023 were $79.1 million, up $36.2 million year over year, and adjusted EBITDA of $200.8 million rose $12.3 million year over year.
  • During the year, Compass Minerals completed the acquisition of the remaining 55% of Fortress, bringing the company to full ownership.
  • Net cash provided by operating activities amounted to $101.1 million for fiscal 2023, down $19.4 million year over year.

CarbonQuest and Daroga Power Partner to Offer Low-Carbon Fuel Cell Solution

Retrieved on: 
Thursday, November 16, 2023
Commercial Building & Real Estate, Manufacturing, Construction & Property, Building Systems, Utilities, Other Manufacturing, Oil, Gas, Alternative Energy, Environment, Energy, Sustainability, Carbon, Entrepreneurship, C&I, CO2, Multimedia, University, Partnership, Growth, Renewable energy, Natural gas, Daroga

View the full release here: https://www.businesswire.com/news/home/20231116159493/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231116159493/en/
    Under the terms of the partnership, Daroga Power will develop, install and operate fuel cells that can power industrial facilities, buildings, and campus settings without interruptions and without the need for batteries.
  • CarbonQuest’s Distributed Carbon Capture™ system will be used in conjunction with the fuel cells to capture the systems’ generated carbon before it is emitted to the atmosphere.
  • Daroga and CarbonQuest will also provide long-term maintenance support for the fuel cells and carbon capture components.
  • Given the power capacity limitations of the New York regional grid, along with delayed renewable interconnection, a fuel cell + carbon capture solution offers both short- and long-term benefits to many types of energy users with on-site, base-load power that is also low carbon.

BlackRock’s Evergreen Infrastructure Fund Partners with European Institutional Investors to Invest in Energy Transition and Energy Security

Retrieved on: 
Thursday, November 16, 2023
Asset Management, Professional Services, Finance, Fund, Telecommunications, Infrastructure, C&I, Investment, Real estate, M&A, Documentation, Partnership, Lighthouse, Intesa Sanpaolo, Temperature, Growth, BlackRock, Transport, ESG, Renewable energy, Asset management

BlackRock’s Evergreen Infrastructure fund has secured almost US$1 billion in client commitments from European founding partners.

Key Points: 
  • BlackRock’s Evergreen Infrastructure fund has secured almost US$1 billion in client commitments from European founding partners.
  • Announced in June 2022, Evergreen Infrastructure is a core, open-ended infrastructure equity fund that focuses on investing in infrastructure businesses in Europe and North America aligned with the themes of energy transition and energy security.
  • In addition to energy transition and energy security, the Fund will also focus on thematic sectors including transportation, digital infrastructure and the circular economy.
  • Its open-ended structure enables the Fund to be a long-term partner for infrastructure businesses looking for financing to support their evolution and growth through the decades-long energy transition.

UNISYS ALERT: Bragar Eagel & Squire, P.C. is Investigating Unisys Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Tuesday, November 14, 2023
Class Action Lawsuit, Professional Services, Legal, Cloud, EBITDA, Disclosure, NYSE, Telephone, DWS, Yoy, C&I, ECS, Jeanne Eagels (film), UIS, P.C, Information technology, News, Cryptocurrency, Unisys

Our investigation concerns whether the board of directors of Unisys have breached their fiduciary duties to the company.

Key Points: 
  • Our investigation concerns whether the board of directors of Unisys have breached their fiduciary duties to the company.
  • Unisys, together with its subsidiaries, operates as an information technology services company worldwide.
  • The Company operates in Digital Workplace Solutions (DWS); Cloud and Infrastructure Solutions (C&I); and Enterprise Computing Solutions (ECS) segments.
  • There is no cost or obligation to you.

JinkoSolar BESS SunGiga Receives PV Magazine's Publisher's Pick Award 2023

Retrieved on: 
Tuesday, December 12, 2023
NYSE, JKS, ESS, C&I, JinkoSolar, The Company, Safety, Renewable energy

SHANGRAO, China, Dec. 12, 2023 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has been honoured with the PV Magazine Publisher's Pick Award 2023 for its latest commercial and industrial energy storage system SunGiga.

Key Points: 
  • SHANGRAO, China, Dec. 12, 2023 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has been honoured with the PV Magazine Publisher's Pick Award 2023 for its latest commercial and industrial energy storage system SunGiga.
  • This is parfticularly evident in the comprehensive multi-layer safety protection integrated into the SunGiga BESS at the battery electrical and system levels.
  • Ms. Dany Qian, Vice President of JinkoSolar, commented: "We are very proud to receive this prestigious award from PV Magazine for our advanced ESS solutions.
  • JinkoSolar remains fully committed to be a trailblazer in shaping the future of sustainable energy solutions for the benefit of humanity."

Sungrow Spearheads Iraq's Renewable Energy Revolution

Retrieved on: 
Monday, December 11, 2023
S&P Global Commodity Insights, Reuters, C&I, SCR, RMB, Short circuit ratio, Natural gas, Lead, Growth, Risk, Electricity, Multilateralism, EV, PV, Renewable energy, Sungrow Huainan Solar Farm, MENA

The country has set a target to install 12 gigawatts of renewable energy, accounting for 33% of the country's electricity by 2030.

Key Points: 
  • The country has set a target to install 12 gigawatts of renewable energy, accounting for 33% of the country's electricity by 2030.
  • In terms of energy storage, Sungrow employs Stem Cell Grid technology, achieving 0ms grid connection and disconnection switching.
  • Since its establishment in 1997, Sungrow has been dedicated to renewable energy power generation.
  • Up to now, in addition to its traditional strength in solar inverters, Sungrow has diversified its business portfolio to include energy storage systems, renewable energy hydrogen production systems, smart operation and maintenance, EV-charging, investment and development in renewable energy power plants, and new energy automotive driving systems, etc.

energyRe Announces $1.2 Billion Capital Raise to Accelerate U.S. Clean Energy Transition

Retrieved on: 
Monday, December 4, 2023
Acquisition, Giga-, HVDC, Interim, PKA, Investment, Congestion, C&I, Climate, The Related Companies, MISO, PJM, Wind, Novo Holdings A/S, City, BofA Securities, Partnership, Deutsche Bank, Growth, Electricity, Renewable energy

energyRe will leverage these strategic investments to advance its mission of decarbonizing American cities with abundant, affordable clean power and modern, well-connected electric grids.

Key Points: 
  • energyRe will leverage these strategic investments to advance its mission of decarbonizing American cities with abundant, affordable clean power and modern, well-connected electric grids.
  • "energyRe is at the forefront of America's energy transition and delivering the necessary renewable infrastructure to meet our urgent climate and sustainability goals," said Miguel Prado, Chief Executive Officer of energyRe.
  • The raise announced today comprises committed capital investments in energyRe LLC from Glentra Capital alongside co-investors Novo Holdings and Denmark-based pension fund PKA .
  • We see energyRe as an essential part in the transition to further renewable energy sources and a natural addition to our portfolio within energy infrastructure."

Trina Solar's Vertex N series modules prove superior performance in UL Solutions' bankability study

Retrieved on: 
Thursday, November 30, 2023
Carbon, Trina, LCOE, Solar energy, C&I, Vertex, Automation, UL, PV, Environment, Renewable energy, Trina Solar

CHANGZHOU, China, Nov. 30, 2023 /PRNewswire/ -- UL Solutions, a global safety science leader, published a bankability study report on Trina Solar's complete Vertex n-type portfolio.

Key Points: 
  • CHANGZHOU, China, Nov. 30, 2023 /PRNewswire/ -- UL Solutions, a global safety science leader, published a bankability study report on Trina Solar's complete Vertex n-type portfolio.
  • The report's findings showed that the series modules prove to have outstanding product reliability and lower LCOE for highly recognized bankability.
  • Empowered by advanced technology and superior performance, Vertex N modules boast lower LCOE
    This bankability study reviewed the full range of Vertex N modules – including 700W, 610W, 450W, 440W and 430W – covering large, medium, and small-format modules in utility, residential, and C&I scenarios.
  • For instance, compared with other n-type modules, Trina Solar's Vertex N 700W module can reduce LCOE by 5.8%.

Trina Solar's Vertex N series modules prove superior performance in UL Solutions' bankability study

Retrieved on: 
Thursday, November 30, 2023
Carbon, Trina, LCOE, Solar energy, C&I, Vertex, Automation, UL, PV, Environment, Renewable energy, Trina Solar

CHANGZHOU, China, Nov. 30, 2023 /PRNewswire/ -- UL Solutions, a global safety science leader, published a bankability study report on Trina Solar's complete Vertex n-type portfolio.

Key Points: 
  • CHANGZHOU, China, Nov. 30, 2023 /PRNewswire/ -- UL Solutions, a global safety science leader, published a bankability study report on Trina Solar's complete Vertex n-type portfolio.
  • The report's findings showed that the series modules prove to have outstanding product reliability and lower LCOE for highly recognized bankability.
  • Empowered by advanced technology and superior performance, Vertex N modules boast lower LCOE
    This bankability study reviewed the full range of Vertex N modules – including 700W, 610W, 450W, 440W and 430W – covering large, medium, and small-format modules in utility, residential, and C&I scenarios.
  • For instance, compared with other n-type modules, Trina Solar's Vertex N 700W module can reduce LCOE by 5.8%.

Runergy Ranked as a BloombergNEF Tier 1 PV Module Manufacturer

Retrieved on: 
Tuesday, November 28, 2023
BNEF, LCOE, Photovoltaics, D, N, C&I, Bloomberg L.P., RETC, Quality control, PV, Cell, BOS, Renewable energy

SHANGHAI, Nov. 28, 2023 /PRNewswire/ -- Runergy has achieved a significant milestone by being included in the latest BloombergNEF Tier 1 PV Module Manufacturers list for Q4 of 2023.

Key Points: 
  • SHANGHAI, Nov. 28, 2023 /PRNewswire/ -- Runergy has achieved a significant milestone by being included in the latest BloombergNEF Tier 1 PV Module Manufacturers list for Q4 of 2023.
  • BloombergNEF (BNEF) is renowned as one of the most reputable industry research institutions in the global new energy sector.
  • To qualify as a Tier 1 PV module manufacturer, companies must demonstrate the production of self-owned brand PV modules for six different projects, financed by six different commercial banks.
  • Since entering the PV module business in 2022, Runergy's module products have been exported to numerous countries and regions worldwide, with increasing shipments.