Energy development

Tecogen Announces Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, March 13, 2024
Conference, Pressure, Growth, EPS, Aegis, Webcast, Travel, Energy development, Acquisition, Net, Loss, News, Adjustment, TGEN, Conference call, OTCQX, Quarter, Depreciation, Chiller, Beauty salon

WALTHAM, MA, March 13, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire –Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $5.9 million and a net loss of $1.8 million for the quarter ended December 31, 2023 compared to revenues of $4.5 million, and a net loss of $1.4 million in 2022. The increase in net loss was primarily driven by an increase in bad debt reserves for installation projects from 2017 an increase in reserves for obsolete inventory.

Key Points: 
  • Our Adjusted EBITDA loss narrowed to $527 thousand for the quarter ended December 31, 2023 compared to $1.1 million in 2022.
  • Gross profit for Q4 2023 was $2.3 million compared to $2.4 million in the fourth quarter of 2022.
  • Adjusted EBITDA(1) was negative $527 thousand for the fourth quarter of 2023 compared to negative $1.1 million for the fourth quarter of 2022.
  • Participants should ask to be joined to the Tecogen Fourth Quarter 2023 earnings call.

Radia to Provide Low-Cost Clean Energy with the World’s Biggest Wind Turbines Enabled by the World’s Largest Aircraft

Retrieved on: 
Monday, March 18, 2024
Environment, Other Energy, Environmental Health, Utilities, Aerospace, Manufacturing, Alternative Energy, Green Technology, Energy, Aircraft, Electricity, International Energy Agency, Energy development, S&P Global, Farm, Growth, Assistant, EVS, Partnership, MIT, SIPA, Invenergy, Columbia University, Rolls-Royce North America, Software, Embraer, CERAWeek, Wind, Senior, Bloomberg L.P., FMR, Atmosphere, IEA, ConocoPhillips, Renewable energy

Radia, founded in 2016, publicly launched today with plans to meet this challenge by designing, building and operating the world’s largest aircraft.

Key Points: 
  • Radia, founded in 2016, publicly launched today with plans to meet this challenge by designing, building and operating the world’s largest aircraft.
  • This unique aircraft will enable the deployment of the largest and best-performing wind turbines of the present and future to locations currently inaccessible to wind energy at a scale and speed that was previously impossible.
  • Radia’s aircraft, called WindRunner™, will be able to fly large turbine blades and other components directly to wind farm sites.
  • In addition, Radia will lead onshore wind energy expansion in partnership with industry leaders, and work with development partners to create new onshore wind farms.

Global Sustainable Devices Market Forecast 2024-2030: Continuous Innovations in Green Technology Improve the Efficiency and Appeal of Sustainable Devices

Retrieved on: 
Saturday, March 9, 2024
EVS, USD, Electronics, Growth, Energy development, Transport, Carbon, Wind, Electricity, Research report, Consumer electronics, Renewable energy

Sustainable devices refer to electronic and technological products designed and manufactured with the utmost consideration for environmental and social impact.

Key Points: 
  • Sustainable devices refer to electronic and technological products designed and manufactured with the utmost consideration for environmental and social impact.
  • Growing global consciousness about environmental issues is a significant driver of demand for sustainable devices.
  • Furthermore, continuous innovations in green technology improve the efficiency and appeal of sustainable devices and pose significant opportunities to the manufacturers.
  • This research report categorizes the Sustainable Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:

OLI Systems and IFE embark on the next phase of landmark industry research project on CO2 transportation.

Retrieved on: 
Thursday, December 7, 2023
Cloud, CCS, Carbon, CCUS, OLI, Research, Climate change, Energy development, Shell, BP, CO2, ArcelorMittal, Wintershall, Institute for Energy Technology, Air Products, ExxonMobil, Software, Partnership, TotalEnergies, JIP, Temperature, Corrosion, Transport, EBN, Fluxys

KDC-IV, continuing from its inception in 2013, will run from October 1st, 2023, to June 30th, 2027.

Key Points: 
  • KDC-IV, continuing from its inception in 2013, will run from October 1st, 2023, to June 30th, 2027.
  • With IFE's Corrosion Department at the helm, the JIP will lean on the experimental capabilities IFE boasts in the realm of CO2 transportation behavior.
  • OLI has developed a CO2 Cloud App that allows the determination of 'safe' impurity levels in CO2 streams to mitigate corrosion risk during transportation.
  • Andre Anderko, Chief Technical Officer at OLI Systems, noted, "The synergies between IFE and OLI ensure that we are not just addressing the challenges but also charting a path forward for safer and more efficient CO2 transportation."

EY Announces Tom Brennan, CEO and CTO of Sol-Ark, as an Entrepreneur Of The Year® 2023 National Award Winner

Retrieved on: 
Monday, November 20, 2023
Research, SAP, Creativity, Entrepreneurship, Society, PNC Financial Services, Energy development, Commercial, National Film Awards, Industrial, Ernst & Young, BESS, CMO, Limitless, Jerry (Grand National winner), EY, Growth, EV, Business, Ewing Kauffman, Family, Renewable energy

ALLEN, Texas, Nov. 20, 2023 /PRNewswire/ -- Ernst & Young LLP (EY US) announced that Tom Brennan, CEO & CTO of Sol-Ark was named an Entrepreneur Of The Year® 2023 National Award winner, following his selection as a Southwest regional award winner in June. Winners were selected from a pool of 224 regional Entrepreneur Of The Year 2023 Award winners from 197 companies across the US. Entrepreneur Of The Year was created to honor those audacious entrepreneurs who dare to reimagine what's possible and develop products and solutions that disrupt markets, revolutionize industries and transform lives. Now in its 37th year, it is celebrated as one of the most respected business award programs in the world.

Key Points: 
  • Winners were selected from a pool of 224 regional Entrepreneur Of The Year 2023 Award winners from 197 companies across the US.
  • Now in its 37th year, it is celebrated as one of the most respected business award programs in the world.
  • "I am deeply honored to be an EY Entrepreneur Of The Year® 2023 National Winner.
  • I founded Sol-Ark to serve God, my Family and my Extended Family at Sol-Ark," said Tom Brennan, CEO and CTO of Sol-Ark.

EQS-News: Nabaltec AG expands cooperation with OTH Amberg-Weiden

Retrieved on: 
Thursday, December 14, 2023
Faculty, Partnership, Student, Engineering, Hidden, Development, VDI, Learning, Institute of technology, Biotechnology, Energy development, CFO, Research and development, Spitzer, Mechanical, Teaching, Applied science, ILO, OTH, Management, Transfer

Schwandorf, 28 November 2023 - Starting in the winter semester 2023/2024, Nabaltec AG will become another member of OTH (Technical University of Applied Sciences) Amberg-Weiden's PartnerCircle.

Key Points: 
  • Schwandorf, 28 November 2023 - Starting in the winter semester 2023/2024, Nabaltec AG will become another member of OTH (Technical University of Applied Sciences) Amberg-Weiden's PartnerCircle.
  • Nabaltec AG was accepted as a partner of the OTH Amberg-Weiden on 8 November 2023.
  • From the winter semester 2024/2025, a joint degree course will be offered between Nabaltec AG, OTH Amberg-Weiden and Municipal Vocational School II in Regensburg with a focus on biotechnology and environmental process engineering.
  • Various teaching, training, and interdisciplinary and inter-faculty research events for different disciplines are held at the Nabaltec AG site in Schwandorf.

Tecogen Announces Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023
Adjustment, Loss, Aegis, Energy development, OTCQX, EBITDA, Quarter, Acquisition, Conference, TGEN, Maintenance, News, EPS, Webcast, Travel, Conference call, Depreciation, New Çeltek events, Collection, Beauty salon, Cryptocurrency, Bank, Music, Rare-earth element, Property insurance

WALTHAM, MA, Nov. 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $7.1 million and a net loss of $0.5 million for the quarter ended September 30, 2023 compared to revenues of $6.6 million, and a net loss of $0.3 million in 2022. For the nine months ended September 30, 2023 revenues were $19.2 million and the net loss was $2.8 million compared to revenues of $20.5 million, and net loss of $1.0 million for the same period in 2022.

Key Points: 
  • Gross profit for Q3 2023 was $2.9 million compared to $2.9 million in the third quarter of 2022.
  • Adjusted EBITDA(1) was negative $182 thousand for the third quarter of 2023 compared to negative $72 thousand for the third quarter of 2022.
  • Conference Call Scheduled for November 9, 2023, at 9:30 am ET
    Tecogen will host a conference call on November 9, 2023 to discuss the third quarter results beginning at 9:30 AM eastern time.
  • Participants should ask to be joined to the Tecogen Third Quarter 2023 earnings call.

CommLab India Relaunches EffectusLMS - A Holistic, Modern Training Delivery Platform

Retrieved on: 
Tuesday, August 15, 2023
Learning, Maintenance, LMS, Certification, Organization, Learning management system, ROI, Energy development, Sales, Tutoring, Health care, Arbutus Biopharma

HYDERABAD, India, Aug. 15, 2023 /PRNewswire/ -- CommLab India, the top global provider of rapid eLearning solutions for corporate training has relaunched their updated LMS – EffectusLMS. EffectusLMS is designed to make extended enterprise training (partners, customers, stakeholders, contractual employees) seamless, easy, and secure for large organizations and not-for-profits. This makes it easy for organizations to ensure their business goals are well supported through training, maximizing ROI.

Key Points: 
  • CommLab India relaunches EffectusLMS to make training seamless for large organizations and not-for-profits.
  • HYDERABAD, India, Aug. 15, 2023 /PRNewswire/ -- CommLab India, the top global provider of rapid eLearning solutions for corporate training has relaunched their updated LMS – EffectusLMS.
  • CommLab India looked into the common issues encountered in extended enterprise training and improved EffectusLMS based on their extensive experience in customizing the training delivery platform for clients – incorporating technical features and customizations often asked for.
  • EffectusLMS is a holistic training delivery platform – designed to empower trainers, learners, admins, and training managers.

Ministries and GAT International Unite to Drive Sustainable Energy at SETA 2023 and Solar+Storage Asia 2023 in Asia, Aligning with Thailand's Carbon Neutrality Goals

Retrieved on: 
Tuesday, August 1, 2023
Carbon, Hydrogen, Energy development, Society, Embassy of Japan, Lima, Ministry (collective executive), COVID-19, Transport, EPC, Innovation, Energy, Natural Resources, Ministry, Public health, Diplomatic mission, Ministry of Higher Education, Science, Research and Innovation, Digital economy, Solar energy, Growth, Ministry of Public Health (Thailand), Research, Engineering Technologist Mobility Forum, Renewable energy, Science, ASEAN, Ammonia

The event will be held under the theme "Driving Asia's Energy Transition Pathways to Carbon Neutrality" aligning with Thailand's goal of achieving carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065.

Key Points: 
  • The event will be held under the theme "Driving Asia's Energy Transition Pathways to Carbon Neutrality" aligning with Thailand's goal of achieving carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065.
  • The forum aims to showcase visions and exchange perspectives on the energy industry, facilitate business networking and negotiations, increase investment opportunities, and attract funding for sustainable energy projects.
  • The focus will be on solar energy and energy storage businesses, which are experiencing rapid growth and development.
  • Furthermore, during the SETA Energy Award 2023 Night, which is an Executive Event, the SETA Energy Award 2023 will be presented.

Tecogen Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Energy development, Maintenance, Loss, Travel, Aegis, Conference call, EBITDA, Acquisition, TGEN, OTCQX, Webcast, Depreciation, EPS, Adjustment, New Çeltek events, Quarter, Conference, News, Beauty salon, Cryptocurrency, Video game, Reinsurance, Music, Pharmaceutical industry

WALTHAM, MA, Aug. 09, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Tecogen Inc. (OTCQX:TGEN), a leading manufacturer of clean energy products, reported revenues of $6.7 million and a net loss of $0.8 million for the quarter ended June 30, 2023 compared to revenues of $6.4 million, and a net loss of $0.9 million in 2022. For the six months ended June 30, 2023 revenues were $12.1 million and the net loss was $2.3 million compared to revenues of $13.9 million, and net loss of $0.8 million for the same period in 2022.

Key Points: 
  • We finished the quarter with $1.87 million in cash as we generated cash from operations in Q2 2023 and H1 2023.
  • Gross profit for the second quarter of 2023 was $2.8 million compared to $2.7 million in the second quarter of 2022.
  • Adjusted EBITDA(1) was negative $592 thousand for the second quarter of 2023 compared to a negative $651 thousand for the second quarter of 2022.
  • Conference Call Scheduled for August 10, 2023, at 9:30 am ET
    Tecogen will host a conference call on August 10, 2023 to discuss the second quarter results beginning at 9:30 AM eastern time.