In a positive event for FuelCell Energy, it recently announced that the dispute with POSCO Energy has been “amicably” resolved.
Capitalizing on 20 years of experience and a recognized expertise in the field of Hydrogen and Fuel Cell, HELION Hydrogen Power becomes the brand name of AREVA Energy Storage.
HyGear and BUSE Gases established Company in the United Kingdom.
Arnhem – HyGear, a supplier of industrial gases through on-site generation and BUSE Gases, member of BUSE Group, a leading supplier in industrial and specialty gases, announced today an establishment of a joint venture company.
- Full Year Performance to Exceed Forecasts
- Strong Commercial Performance Driving Revenue Growth
Trading Update–Ceres Power Holdings Plc (AIM: CWR, “Ceres”), is pleased to provide a post period end trading update ahead of the announcement of audited results for the year ended 30 June 2019. As a result of continued strong commercial activity, the Group anticipates that audited results for the full year will be ahead of market expectations.
- Financing of the Ramp-Up-phase of the production and Picea(R)-commercialization
- After first closing of 7.5 million EUR in January the financing round now has been closed successfully.
Berlin– HPS Home Power Solutions GmbH (HPS), the Berlin-based energy solutions provider for single-family homes which fulfils the need of energy independence, today announced the successful closing of its current financing round.
- Operations to be focused on sales of technology and development projects
- The development and sales of own consumer products is to be closed down
- An organizational adjustment to reduce costs and secure operations for at least one year on existing means
In May of this year, myFC’s Board of Directors commissioned CEO Peter Friedrichsen to carry out a strategic review of the company, its technology, and product and development projects. The need to adjust operations arose as the spring’s rights issue generated less capital than expected.
Bloomberg--ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast.
The firm invested $30 million to $40 million in Nikola prior to that fundraising campaign, according to ValueAct Chief Executive Officer Jeff Ubben. The precise stake is uncertain, though well less than 5 percent, he said. San Francisco-based ValueAct purchased shares from Nikola’s chief executive officer along with some early investors.
Debt facility to fund new project deployments and create financial flexibility to pursue growth plans
LATHAM, N.Y.— Plug Power Inc. (NASDAQ:PLUG), a leader providing energy solutions that change the way the world moves, today announced $100 million in debt financing with Generate Capital (“Generate”), an integrated investment and operating platform for innovative resource infrastructure technologies and developers.