Alternative energy

KBRA Assigns Preliminary Ratings to Loanpal Solar Loan 2020-2 Ltd. and Loanpal Solar Loan 2020-2 LLC

Friday, July 10, 2020 - 11:58pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Loanpal Solar Loan 2020-2 Ltd. and Loanpal Solar Loan 2020-2 LLC (LPSLT 2020-2-GF), an asset-backed securitization collateralized by a pool of residential solar loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Loanpal Solar Loan 2020-2 Ltd. and Loanpal Solar Loan 2020-2 LLC (LPSLT 2020-2-GF), an asset-backed securitization collateralized by a pool of residential solar loans.
  • The review did not result in Watch Placements on any existing KBRA transaction ratings.
  • Loanpal, LLC (Loanpal or the Company) was incorporated in California in 2003 to provide residential mortgage loans.
  • KBRA also conducted an operational assessment of Loanpal, as well as a review of the transactions legal structure and transaction documents.

GSE Solutions Discloses Notice From Nasdaq

Friday, July 10, 2020 - 9:30pm

GSE Systems, Inc. (GSE Solutions, GSE, or the Company) (Nasdaq: GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that it received a notice letter dated July 8, 2020 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) stating, that as a result of the Companys failure to timely file its Quarterly Report on Form 10-Q for the three months ended March 31, 2020 (the Quarterly Report), the Company is not in compliance with Nasdaqs Listing Rule 5250(c)(1).

Key Points: 
  • GSE Systems, Inc. (GSE Solutions, GSE, or the Company) (Nasdaq: GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that it received a notice letter dated July 8, 2020 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (Nasdaq) stating, that as a result of the Companys failure to timely file its Quarterly Report on Form 10-Q for the three months ended March 31, 2020 (the Quarterly Report), the Company is not in compliance with Nasdaqs Listing Rule 5250(c)(1).
  • Nasdaq stated in its notification that the Company has 60 calendar days, or until September 6, 2020, to submit a plan to regain compliance.
  • Nasdaqs notification has no immediate effect on the listing or trading of the Companys common stock on The Nasdaq Capital Market.
  • As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that enable customers to achieve the performance they envision.

AECOM to deliver next stage of Lower Thames Crossing ground investigations

Friday, July 10, 2020 - 3:15pm

AECOM (NYSE:ACM), the worlds premier infrastructure firm, is delivering the next stage of Highways Englands Lower Thames Crossing ground investigation program after being appointed for the third phase of the ground investigation contract on the project.

Key Points: 
  • AECOM (NYSE:ACM), the worlds premier infrastructure firm, is delivering the next stage of Highways Englands Lower Thames Crossing ground investigation program after being appointed for the third phase of the ground investigation contract on the project.
  • The ground investigations will provide key information to help increase certainty around cost and delivery on this nationally significant infrastructure project.
  • The data collected on ground and groundwater conditions will support the wider delivery team in identifying, managing and mitigating ground risk.
  • The 14.3-mile route of the planned Lower Thames Crossing is one of the governments top projects in its National Infrastructure Plan.

ALLETE to Announce Second Quarter Financial Results on August 5

Friday, July 10, 2020 - 11:30am

ALLETE, Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 5, 2020.

Key Points: 
  • ALLETE, Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 5, 2020.
  • Interested parties may listen to the conference live by calling (877) 303-5852, pass code 9239038 or by accessing the webcast on ALLETEs Web site, www.allete.com .
  • A replay of the call will be available through August 12, 2020 by dialing (855) 859-2056, pass code 9239038.
  • ALLETE Inc. is an energy company headquartered in Duluth, Minnesota.

Total Corporate Funding for Solar Sector Reaches $4.5 Billion in 1H 2020, Reports Mercom Capital Group

Friday, July 10, 2020 - 8:00pm

Total corporate funding (including venture capital funding, public market, and debt financing) in 1H of 2020 came to $4.5 billion (B) compared to $6B in 1H 2019, a 25% drop year-over-year (YoY).

Key Points: 
  • Total corporate funding (including venture capital funding, public market, and debt financing) in 1H of 2020 came to $4.5 billion (B) compared to $6B in 1H 2019, a 25% drop year-over-year (YoY).
  • Project acquisition activity, typically a sign of health in the sector, declined significantly in Q2," said Raj Prabhu, CEO of Mercom Capital Group.
  • In 1H 2020, global VC funding (venture capital, private equity, and corporate venture capital) in the solar sector was 74% lower with $210m compared to $799M in 1H 2019.
  • A total of 23 VC investors participated in solar funding in 1H 2020.

Hull & Associates Announces Investment from RTC Partners

Thursday, July 9, 2020 - 9:15pm

Hull & Associates and Round Table Capital Partners (RTC), a New York based private equity firm, announced today that RTC has completed an investment in Hull & Associates, a premier environmental and engineering consulting firm specializing in the Environment, Energy, and Infrastructure markets in the Midwest and Mid-Atlantic regions.

Key Points: 
  • Hull & Associates and Round Table Capital Partners (RTC), a New York based private equity firm, announced today that RTC has completed an investment in Hull & Associates, a premier environmental and engineering consulting firm specializing in the Environment, Energy, and Infrastructure markets in the Midwest and Mid-Atlantic regions.
  • RTCs partnership with Hull will allow great growth opportunities for our employees, said Craig Kasper, CEO of Hull who will take on the role of Executive Vice President.
  • The investment in Hull as a platform will allow inorganic and organic growth to serve our clients on a national stage, Kasper added.
  • The investment in Hull marks the launch of a new platform for RTC.

Study shows use of Ingevity’s Nuchar activated carbon in automotive applications and canisters offsets greenhouse gases generated in their manufacture by 10 times

Thursday, July 9, 2020 - 9:15pm

Ingevity is the world technology leader in the manufacture of activated carbon technology for gasoline vapor emissions control.

Key Points: 
  • Ingevity is the world technology leader in the manufacture of activated carbon technology for gasoline vapor emissions control.
  • The companys Nuchar products are highly porous activated carbons with an optimal pore size for capturing and releasing gasoline molecules.
  • Weve known for a long time that broad use of our activated carbon products provides a significant environmental benefit.
  • For more information on the ERM / Ingevity net product benefit study related to Nuchar activated carbon, please visit: https://www.ingevity.com/sustainability/product-benefits/ .

Global Flywheel Energy Storage Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Growth in Data Center Construction Market to Boost Market Growth | Technavio

Thursday, July 9, 2020 - 9:15pm

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Key Points: 
  • The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
  • View the full release here: https://www.businesswire.com/news/home/20200709005640/en/
    Technavio has announced its latest market research report titled Global Flywheel Energy Storage Market 2020-2024 (Graphic: Business Wire)
    Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied.
  • The growth in data center construction market has been instrumental in driving the growth of the market.
  • Flywheel Energy Storage Market 2020-2024: Segmentation
    Flywheel Energy Storage Market is segmented as below:

FirstLight Power Elects Phil Giudice Board Chair

Thursday, July 9, 2020 - 7:08pm

FirstLight Power, operator of Northfield Mountain energy storage facility and other hydroelectric, solar, and energy-storage assets in Massachusetts and Connecticut, has elected Phil Giudice as chair of its board of directors.

Key Points: 
  • FirstLight Power, operator of Northfield Mountain energy storage facility and other hydroelectric, solar, and energy-storage assets in Massachusetts and Connecticut, has elected Phil Giudice as chair of its board of directors.
  • View the full release here: https://www.businesswire.com/news/home/20200709005851/en/
    PHIL GIUDICE has been elected chair of the board of FirstLight Power, operators of hydroelectric, energy storage, and solar in Connecticut and Massachusetts.
  • Giudice is a former top Massachusetts energy official and leader of multiple next-generation energy firms.
  • I know Phil will be a strong leader and wise partner for our board and executive team.

CG/LA Infrastructure Identifies 550+ Infrastructure Projects Critical to Stimulating the U.S. Economy and Creating Jobs

Thursday, July 9, 2020 - 3:23pm

Energy, Transportation, Water, Social, Information Technology), have an overall investment value of approximately $1 trillion, and stand to create approximately 2.4 million direct1 and indirect2 jobs.

Key Points: 
  • Energy, Transportation, Water, Social, Information Technology), have an overall investment value of approximately $1 trillion, and stand to create approximately 2.4 million direct1 and indirect2 jobs.
  • We believe it is critical to change the infrastructure investment model and get the private sector especially pension funds to make the investment required to transform our economy.
  • To address the budget shortfalls and ensure critical infrastructure projects can move forward, CG/LA is devising strategies to help effectively mobilize private investment whether directly, through a national infrastructure bank or through state infrastructure financing, among other options.
  • What follows is a breakdown of the infrastructure projects included in the map by sector: