Inflation

e-VAC Magnetics Receives Historic $111.9 Million Qualifying Advanced Energy Project Tax Credit for Construction of First U.S. Manufacturing Facility in South Carolina

Retrieved on: 
Tuesday, April 9, 2024
Magnet, Ara, GM, The Company, Neodymium magnet, VAC, EVS, Magnetism, Inflation, Defense, F-35

SUMTER, S.C., April 9, 2024 /PRNewswire/ -- e-VAC Magnetics ("e-VAC" or the "Company"), a leading manufacturer of rare earth permanent magnets in the Western Hemisphere, today announced that it has been awarded a $111.9 million Qualifying Advanced Energy Project Tax Credit ("Section 48c") to advance the construction of its first U.S. manufacturing facility in Sumter, South Carolina. The facility was one of more than 100 projects to receive an award under the Section 48c program, which is designed to help accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities.

Key Points: 
  • e-VAC, which is part of Vacuumschmelze ("VAC Group" or "VAC"), produces rare earth neodymium-iron-boron (NdFeB) magnets, which are critical to automotive, defense, industrial and renewable energy applications.
  • The Company broke ground on the state-of-the-art facility in March, and expects to complete the facility in late fall 2025.
  • "e-VAC is proud to invest in America's 21st century supply chain and to advance clean energy manufacturing efforts," said VAC Group Chief Executive Officer Dr. Erik Eschen.
  • "This award demonstrates the importance of high-quality, high-performance magnetic materials, which are key enablers to electrification and energy efficiency across a range of industries.

Calliditas Therapeutics to Attend Conferences in April

Retrieved on: 
Tuesday, April 9, 2024
Congress, Conference, CALT, Future, Sustainability, LSX, Inflation, Pharma, Person, Pharmaceutical industry

STOCKHOLM, April 9, 2024 /PRNewswire/ -- Calliditas Therapeutics AB (Nasdaq: CALT, Nasdaq Stockholm: CALTX) ("Calliditas"), a commercial biopharma company focused on rare diseases today announced that its management will be attending the following upcoming investor and industry conferences:

Key Points: 
  • STOCKHOLM, April 9, 2024 /PRNewswire/ -- Calliditas Therapeutics AB (Nasdaq: CALT, Nasdaq Stockholm: CALTX) ("Calliditas"), a commercial biopharma company focused on rare diseases today announced that its management will be attending the following upcoming investor and industry conferences:
    Van Lanschot Kempen Life Sciences Conference Amsterdam, Tuesday, April 16, 2024.
  • Renée Aguiar-Lucander, CEO, will be available for one-on-one meetings.
  • World Orphan Drug Congress, Thursday, April 25, 2024, in Boston, MA.
  • Maria Törnsén, President North America, will be moderating a panel, entitled "Partnering in the rare disease space - industry perspective".

Calliditas Therapeutics to Attend Conferences in April

Retrieved on: 
Tuesday, April 9, 2024
Congress, Conference, CALT, Future, Sustainability, LSX, Inflation, Pharma, Person, Pharmaceutical industry

STOCKHOLM, April 9, 2024 /PRNewswire/ -- Calliditas Therapeutics AB (Nasdaq: CALT, Nasdaq Stockholm: CALTX) ("Calliditas"), a commercial biopharma company focused on rare diseases today announced that its management will be attending the following upcoming investor and industry conferences:

Key Points: 
  • STOCKHOLM, April 9, 2024 /PRNewswire/ -- Calliditas Therapeutics AB (Nasdaq: CALT, Nasdaq Stockholm: CALTX) ("Calliditas"), a commercial biopharma company focused on rare diseases today announced that its management will be attending the following upcoming investor and industry conferences:
    Van Lanschot Kempen Life Sciences Conference Amsterdam, Tuesday, April 16, 2024.
  • Renée Aguiar-Lucander, CEO, will be available for one-on-one meetings.
  • World Orphan Drug Congress, Thursday, April 25, 2024, in Boston, MA.
  • Maria Törnsén, President North America, will be moderating a panel, entitled "Partnering in the rare disease space - industry perspective".

Fiscal Year 2023: Exyte experiences strong growth in Europe and the USA

Retrieved on: 
Tuesday, April 9, 2024
CHIPS, Obesity, Biotechnology, Growth, Cell, Diabetes, Equivalence relation, Artificial intelligence, OSM, Acquisition, Science, Messenger, Investment, Semiconductor, European Chips Act, JGC Holdings Corporation, Inflation, Data, Engineering, EPC, Video game

STUTTGART, Germany, April 9, 2024 /PRNewswire/ -- Exyte GmbH (Exyte), a global leader in the design, engineering, and delivery of high-tech facilities, showed strong growth trajectory in Europe and the USA in its fiscal year 2023.

Key Points: 
  • STUTTGART, Germany, April 9, 2024 /PRNewswire/ -- Exyte GmbH (Exyte), a global leader in the design, engineering, and delivery of high-tech facilities, showed strong growth trajectory in Europe and the USA in its fiscal year 2023.
  • We benefit in Europe and the USA from extensive investments in high-tech facilities," says Exyte CEO Dr. Wolfgang Büchele.
  • The share of Asia is declining, while order intake and sales are increasing significantly in Europe and the USA.
  • In both Europe and the USA, we are expanding our organization to execute our clients' planned mega-projects," says Exyte board member Mark Garvey.

Fiscal Year 2023: Exyte experiences strong growth in Europe and the USA

Retrieved on: 
Tuesday, April 9, 2024
CHIPS, Obesity, Biotechnology, Growth, Cell, Diabetes, Equivalence relation, Artificial intelligence, OSM, Acquisition, Science, Messenger, Investment, Semiconductor, European Chips Act, JGC Holdings Corporation, Inflation, Data, Engineering, EPC, Video game

STUTTGART, Germany, April 9, 2024 /PRNewswire/ -- Exyte GmbH (Exyte), a global leader in the design, engineering, and delivery of high-tech facilities, showed strong growth trajectory in Europe and the USA in its fiscal year 2023.

Key Points: 
  • STUTTGART, Germany, April 9, 2024 /PRNewswire/ -- Exyte GmbH (Exyte), a global leader in the design, engineering, and delivery of high-tech facilities, showed strong growth trajectory in Europe and the USA in its fiscal year 2023.
  • We benefit in Europe and the USA from extensive investments in high-tech facilities," says Exyte CEO Dr. Wolfgang Büchele.
  • The share of Asia is declining, while order intake and sales are increasing significantly in Europe and the USA.
  • In both Europe and the USA, we are expanding our organization to execute our clients' planned mega-projects," says Exyte board member Mark Garvey.

How to Ensure Power Stays on During Hurricanes and Storms

Retrieved on: 
Monday, April 8, 2024
ESS, Knowledge, Briggs & Stratton, HVAC, Inflation, Natural gas, Atlantic hurricane season, Colorado State University, ATS, Running, Weather, Electric battery

MILWAUKEE, April 8, 2024 /PRNewswire/ -- For the upcoming 2024 Atlantic hurricane season, Colorado State University predicts well above-average activity, with 23 named storms, eleven becoming hurricanes, and five of those reaching major hurricane strength. With such significant severe weather on the horizon and impactful storms occurring more frequently, homeowners are looking for reliable ways to keep the lights on.

Key Points: 
  • With such significant severe weather on the horizon and impactful storms occurring more frequently, homeowners are looking for reliable ways to keep the lights on.
  • Instead of leaving things to chance, a home standby generator ensures power is just seconds away.
  • The next item is to determine the essential elements that must remain on during a power outage.
  • Briggs & Stratton Energy Solutions offers four different PowerProtect™ generators to meet a variety of power needs, including 13kW, 18kW, 22kW and 26kW units.

O-I Glass Selected by US Department of Energy to Receive $125 M Investment to Accelerate Industrial Decarbonization Technologies

Retrieved on: 
Monday, March 25, 2024
Culture, Organization, Glass, IDP, Veteran, Recycling, Public, Education, OI, United Way, Carbon, Woman, Inflation, DOE

The proposed rebuilds plan to combine five cutting-edge furnace technologies on each furnace, marking the first time that all five technologies have been implemented simultaneously.

Key Points: 
  • The proposed rebuilds plan to combine five cutting-edge furnace technologies on each furnace, marking the first time that all five technologies have been implemented simultaneously.
  • These technologies reduce waste heat and increase electrification, making the furnaces more energy efficient and reducing both direct and indirect emissions.
  • The project provides O-I the opportunity to demonstrate the functionality of combining multiple technologies across different glass colors and container types.
  • Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material.

Technip Energies and LanzaTech Selected by the US Department of Energy to Receive $200M Investment for Breakthrough, Replicable Decarbonized Ethylene Commercial Facility

Retrieved on: 
Monday, March 25, 2024
Carbon, Aviation biofuel, IRA, IDP, Steel, Public, History, Glass, Investment, CO2, Technip Energies, Paper, Inflation, DOE, Engineering, Renewable energy

This new joint technology will be developed in the U.S. for integration directly into existing commercial ethylene crackers, whereby it will capture CO2 emissions from the process and convert them into sustainable ethylene.

Key Points: 
  • This new joint technology will be developed in the U.S. for integration directly into existing commercial ethylene crackers, whereby it will capture CO2 emissions from the process and convert them into sustainable ethylene.
  • Arnaud Pieton, CEO at Technip Energies, stated: “We are extremely proud to have been selected by the DOE for this significant award consideration.
  • Thanks to President Biden’s industrial strategy, DOE is making the largest investment in industrial decarbonization in the history of the United States.
  • Globally, there are an estimated 370 ethylene steam crackers, over 40% of which use Technip Energies’ technology, including 8 in the US.

Constellium Ravenswood selected by US Department of Energy to receive $75 million investment to deploy low to zero carbon technology

Retrieved on: 
Monday, March 25, 2024
University, IDP, Federation, CSTM, Transport, Life, Carbon, Investment, Primary energy, Inflation, DOE, Constellium, Renewable energy

This investment will help fund the implementation of breakthrough low-to-no emissions technologies in Constellium’s Ravenswood facility, supporting the decarbonization of the casthouses, the plant’s most energy intensive operation.

Key Points: 
  • This investment will help fund the implementation of breakthrough low-to-no emissions technologies in Constellium’s Ravenswood facility, supporting the decarbonization of the casthouses, the plant’s most energy intensive operation.
  • This investment will support the installation of low-emissions SmartMelt furnaces that can operate using a range of fuels, including clean hydrogen, paving the way towards a zero carbon casthouse.
  • Built in 1957, with over 1,200 employees, Constellium’s plant in Ravenswood, West Virginia is one of the world’s largest aluminium rolled products facilities.
  • “We are honored and proud to have been selected for this investment and express our gratitude to the Department of Energy for their support of Constellium and the aluminium industry”, said Jean-Marc Germain, CEO of Constellium.

Century Aluminum Selected by U.S. Department of Energy to Receive $500 Million Investment to Build New Green Aluminum Smelter to Accelerate Industrial Decarbonization

Retrieved on: 
Monday, March 25, 2024
Organization, IDP, Project, Aluminium, United Steelworkers, Security (finance), Risk, Century Aluminum, Annual report, Inflation, Century, DOE, Renewable energy

With the help of this funding, Century plans to build the first new U.S. primary aluminum smelter in 45 years.

Key Points: 
  • With the help of this funding, Century plans to build the first new U.S. primary aluminum smelter in 45 years.
  • Upon completion, the smelter would double the size of the current U.S. primary aluminum industry.
  • This historic investment represents a major capital injection for the U.S. primary aluminum industry.
  • “We are extremely proud that the DOE has selected Century’s Green Aluminum Smelter Project to receive such significant support, and we are excited to continue moving this transformational project forward,” remarked Century CEO, Jesse Gary.