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Montauk Renewables Announces Full Year 2023 Results

Retrieved on: 
Thursday, March 14, 2024
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PITTSBURGH, March 14, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the year ended December 31, 2023.

Key Points: 
  • PITTSBURGH, March 14, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the year ended December 31, 2023.
  • However, lower prices of both the average realized price of RINs sold and natural gas resulted in lower revenues in 2023.
  • These 2023 price driven reductions to revenues of approximately $30.7 million were offset through our tiered royalty structure reducing royalty expense in 2023 by approximately $9.3 million, which led to our $20.9 million reduction in 2023 operating income.
  • Our average pricing realized on RIN sales during 2023 of $2.71 exceeded the average D3 RIN index price of $2.63 during 2023.

BCUC Rejects FortisBC Energy Inc. Okanagan Capacity Upgrade Project

Retrieved on: 
Friday, December 22, 2023
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VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Today, the British Columbia Utilities Commission (BCUC) denied FortisBC Energy Inc.’s (FortisBC) application for its Okanagan Capacity Upgrade project, which includes the construction, installation, and operation of approximately 30 kilometers of new natural gas pipeline.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Today, the British Columbia Utilities Commission (BCUC) denied FortisBC Energy Inc.’s (FortisBC) application for its Okanagan Capacity Upgrade project, which includes the construction, installation, and operation of approximately 30 kilometers of new natural gas pipeline.
  • In its application, FortisBC stated that the pipeline expansion project is needed to meet its forecast increase in demand for natural gas in the Okanagan region due to population growth.
  • Following an open and transparent public review process, the BCUC denied a Certificate of Public Convenience and Necessity (CPCN) for the Okanagan Capacity Upgrade project because it determined that the project was not necessary for public convenience or in the public interest.
  • Given the estimated project cost of $327 million, the BCUC determined that it would not be prudent to approve the Okanagan Capacity Upgrade project at this time.

The Rise of Urban Escape: Millennials and Gen X Embrace Regenerative Living and Permaculture

Retrieved on: 
Monday, October 16, 2023
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"As more people recognize the benefits of an urban escape, organizations and communities are emerging to support and facilitate this lifestyle transition.

Key Points: 
  • "As more people recognize the benefits of an urban escape, organizations and communities are emerging to support and facilitate this lifestyle transition.
  • My family lived like that for generations and it's exciting to be able to pass that on to more people."
  • - April Jordan, Communications Manager, 5th World
    Millennials and Gen Xers, in particular, are increasingly valuing experiences over material possessions and are seeking a more fulfilling lifestyle.
  • Embracing regenerative living and permaculture allows them to find balance and fulfillment."

California Appellate Court Rules in Favor of Monterey Peninsula Water Supply Project

Retrieved on: 
Tuesday, September 19, 2023
Legal, Utilities, Natural Resources, Sustainability, Environment, Energy, Professional Services, Other Natural Resources, California Courts of Appeal, Climate change litigation and the California Environmental Quality Act, EIR, Superior court, Water, American Water, Monterey Peninsula, California Public Utilities Commission, Carmel, Groundwater, Appeal, Public utilities commission, Necessary, Squat toilet, County

On September 9th, 2023 the Sixth Appellate District of California’s Court of Appeals upheld the County of Monterey’s decision to authorize permits for construction of California American Water’s Monterey Peninsula Water Supply Project desalination facility.

Key Points: 
  • On September 9th, 2023 the Sixth Appellate District of California’s Court of Appeals upheld the County of Monterey’s decision to authorize permits for construction of California American Water’s Monterey Peninsula Water Supply Project desalination facility.
  • Marina Coast Water District (MCWD) filed suit in Monterey Superior Court against the County and California American Water, alleging that additional environmental review was required.
  • It also requires MCWD to pay the legal costs incurred by the County and California American Water.
  • The other two components of the Monterey Peninsula Water Supply Project are aquifer storage and recovery and a groundwater replenishment and recycled water project that together with other smaller projects will bring drought-proof and environmentally sustainable water supplies to the Monterey Peninsula.

BrightNight Brings Leading Portfolio of Renewables to Kentucky

Retrieved on: 
Thursday, June 1, 2023
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WEST PALM BEACH, Fla., June 1, 2023 /PRNewswire/ -- BrightNight, the next generation and global renewable power producer built to deliver clean and dispatchable solutions, is expanding its horizons in Kentucky. The company currently has an approximately 2,000 MW development portfolio across Kentucky, several projects under advanced development, and continues to develop meaningful partnerships to grow its investment across the Commonwealth.

Key Points: 
  • The company currently has an approximately 2,000 MW development portfolio across Kentucky, several projects under advanced development, and continues to develop meaningful partnerships to grow its investment across the Commonwealth.
  • This PPA adds to a growing list of recent agreements signed between BrightNight and its customers, as the company accelerates its portfolio buildout.
  • The BrightNight project is located in western Kentucky and has reached several development milestones.
  • With the current portfolio across Kentucky and projects in development, the estimated total statewide investment impact from BrightNight construction of this portfolio is estimated at over $400 million dollars and will generate significant tax revenues for the state and localities.

BCUC Approves FortisBC’s Advanced Metering Infrastructure Project

Retrieved on: 
Monday, May 15, 2023
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VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- Today, the British Columbia Utilities Commission (BCUC) granted a Certificate of Public Convenience and Necessity (CPCN) to FortisBC Energy Inc. (FEI) for its Advanced Metering Infrastructure (AMI) project, per Order C-2-23 .

Key Points: 
  • VANCOUVER, British Columbia, May 15, 2023 (GLOBE NEWSWIRE) -- Today, the British Columbia Utilities Commission (BCUC) granted a Certificate of Public Convenience and Necessity (CPCN) to FortisBC Energy Inc. (FEI) for its Advanced Metering Infrastructure (AMI) project, per Order C-2-23 .
  • FEI’s AMI project includes the replacement of approximately 1,100,000 residential, commercial, and industrial existing gas meters with new advanced gas meters and the installation of the necessary communication components to enable automatic meter readings, among other features.
  • The BCUC conducted an open and transparent public process to review FEI’s application to determine whether its AMI project was in the public interest.
  • During the proceeding, the BCUC reviewed participant submissions on several topics including alternative project options, the overall impact to ratepayers, project costs, potential benefits, and human health impacts.

Dominion Energy Receives Approval from Virginia State Corporation Commission for Coastal Virginia Offshore Wind Project

Retrieved on: 
Friday, August 5, 2022
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"Our customers expect reliable, affordable energy, and offshore wind is key for delivering on that mission.

Key Points: 
  • "Our customers expect reliable, affordable energy, and offshore wind is key for delivering on that mission.
  • We are reviewing the specifics of the order, particularly the performance requirement," said Robert M. Blue, Dominion Energy Chair, President and CEO.
  • In addition to solar, energy storage and nuclear, offshore wind is a key component to diverse energy generation strategy to meet the Commonwealth's clean energy goals and Dominion Energy's own net zero target.
  • Offshore wind complements the company's growing solar portfolio in Virginia, since offshore wind and solar generate peak energy at different times throughout the day and year.

Emerging Markets Report: Cheaper. Simpler. More efficient. Ready to scale.

Retrieved on: 
Wednesday, June 29, 2022
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ORLANDO, Fla., June 29, 2022 (GLOBE NEWSWIRE) -- “Cheaper. Simpler. More efficient. Ready to scale.”

Key Points: 
  • The modules are plug-and-play and include turnkey connectivity to cloud services via GeoTraq's proprietary cloud-based WebTraq platform.
  • The Companys tracking devices can literally be used in an endless array of applications where connectivity and accountability are needed.
  • About The Emerging Markets Report:
    The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience.
  • Our network consists of stockbrokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.

ArcLight's Eastern Generation Gets Green Light from State for Clean Energy Storage in Astoria

Retrieved on: 
Wednesday, June 22, 2022
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NEW YORK, June 22, 2022 /PRNewswire/ -- Eastern Generation, LLC ("Eastern Generation"), an affiliate of ArcLight Capital Partners, LLC ("ArcLight"), announced that the NYPSC has approved its application for a Certificate of Public Convenience and Necessity ("CPCN") - a necessary permit to build energy storage at the Astoria Generating Station as part of the Luyster Creek Energy Storage project. The batteries in Astoria, which are being developed by the Astoria Generating Company, a subsidiary of Eastern Generation, will provide over 135 MW of energy storage once complete.  Eastern Generation owns generating stations that account for over 18% of New York City's power generation capacity.

Key Points: 
  • The batteries in Astoria, which are being developed by the Astoria Generating Company, a subsidiary of Eastern Generation, will provide over 135 MW of energy storage once complete.
  • Eastern Generation owns generating stations that account for over 18% of New York City's power generation capacity.
  • The Luyster Creek Energy Storage projects will help maximize the energy that renewables can provide to the system and reduce reliance on capacity provided by existing fossil-fueled generation.
  • ArcLight is a leading private equity firm focused on energy, infrastructure and energy transition with a successful long-term track record.

CPV Awarded State Approval for 200 MWdc Solar Farm on Former Coal Mine in Garrett County, Maryland

Retrieved on: 
Monday, January 31, 2022
Maryland Public Service Commission, Coal mining, CPCN, Social Security Government Pension Offset, CPV, Solar energy, Spring, Twitter, Commissioner, ESG, Squat toilet, Partnership, Asset management, GLOBE, Ownership, LinkedIn, Biophysical environment, Social, Renewable energy, MD

The Maryland Public Service Commission granted CPV a Certificate of Public Convenience and Necessity (CPCN) for the project on January 11, 2022.

Key Points: 
  • The Maryland Public Service Commission granted CPV a Certificate of Public Convenience and Necessity (CPCN) for the project on January 11, 2022.
  • The states approval grants CPV permission to construct Backbone Solar on former Vindex/Arch Coal mining sites north of the town of Kitzmiller, MD.
  • The new solar farm will be sited on approximately 1,170 acres of the property.
  • The solar farm will generate enough emission-free electricity to power an estimated 30,000 average Maryland homes.