GreenEnergyBreaks Archive - Page 11 of 101

TuesdayFeb 18, 2025 9:31 am

GreenEnergyBreaks — SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Reports Q2 Fiscal 2025 Results, Highlights Key Project Developments

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) reported its fiscal second-quarter results, highlighting a substantial increase in independent power producer (IPP) revenue to $5.4 million from $0.1 million year over year. The company’s gross profit rose to $5.9 million, representing 29.2% of revenues, compared to $4.8 million or 18.4% in the prior year. Adjusted EBITDA reached $2.4 million, up from $0.3 million in 2024, while total assets surged 372% to $185.3 million following the Solar Flow-Through Funds Ltd. acquisition. Despite these gains, the company posted a net loss of $1.9 million, or $0.06 per basic share,…

ThursdayFeb 13, 2025 1:18 pm

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Announces 1-for-60 Reverse Stock Split to Maintain Nasdaq Listing

Mullen Automotive (NASDAQ: MULN), an electric vehicle manufacturer, announced a 1-for-60 reverse stock split of its common stock, set to take effect Feb. 18, 2025, at 12:01 a.m. Eastern. The move aims to help the company regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Mullen’s stock will continue trading under the existing symbol MULN on a split-adjusted basis when markets open that day. Stockholders approved the reverse split at a Jan. 31 special meeting, authorizing a range between 1-for-2 and 1-for-100, with the board finalizing the 1-for-60 ratio. No fractional shares will be issued, and holdings will be rounded…

TuesdayFeb 11, 2025 2:27 pm

GreenEnergyBreaks — SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Advances New York Community Solar Projects

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) announced progress on two community solar projects in Skaneateles, N.Y., after securing positive interconnection results through a Coordinated Electric System Interconnection Review. The projects, with a combined capacity of 14.4 MW DC, are planned for industrial brownfield sites and are eligible for incentives under the New York State Energy Research and Development Authority’s NY-Sun Program. Pending permits and financing, SolarBank intends to begin construction, aiming to provide cost-saving solar energy access to renters and homeowners through the local power grid. To view the full press release, visit https://ibn.fm/olTfv About…

MondayFeb 10, 2025 10:05 am

GreenEnergyBreaks – SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) to Release Q2 Financial Results, Host Business Update Webinar

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) will release its financial results for the second quarter ended Dec. 31, 2024, after market close on Feb. 14, 2025. The company will host a webinar on Feb. 18, 2025, to provide a business update and discuss the results, following the Nasdaq market holiday on Feb. 17. To view the full press release, visit https://ibn.fm/GFU9k About SolarBank Corporation SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA . The Company develops solar, Battery Energy Storage System (BESS)…

TuesdayFeb 04, 2025 10:27 am

GreenEnergyBreaks — SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) to Begin Construction on First Battery Energy Storage Project

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) announced that construction on its first Battery Energy Storage System project in Ontario will commence the week of Feb. 10, 2025. The SFF-06 project, located in Cramahe, Ontario, is part of a $25.8 million loan agreement with the Royal Bank of Canada. Anvil Crawler Development Corp. was awarded a $1.85 million contract to complete civil and electrical work. The project, which secured a 22-year contract with Ontario’s Independent Electricity System Operator, will have a daily contract capacity of 4.74 MW. SolarBank holds a 50% interest in the project, with…

ThursdayJan 30, 2025 11:33 am

GreenEnergyBreaks — Fusion Fuel Green PLC (NASDAQ: HTOO) Announces Leadership Change

Fusion Fuel (NASDAQ: HTOO), a leading provider of comprehensive energy engineering, advisory and supply solutions, has announced the resignation of Gavin Jones as CFO and the appointment of Frederico Figueira de Chaves as Interim CFO, effective Jan. 24, 2025. Jones has opted to pursue a new opportunity, but will continue to serve as company secretary and has pledged his support to ensure a seamless transition. Figueira de Chaves previously held the position of CFO at Fusion Fuel from 2020 to 2023, where he was instrumental in shaping the company's financial strategy and operational framework. Currently serving as the company’s chief…

ThursdayJan 30, 2025 10:35 am

GreenEnergyBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expands U.S. Battery Production with Nikola Equipment Purchase

Mullen Automotive (NASDAQ: MULN) announced the acquisition of additional battery line equipment from Nikola Corporation to enhance its Fullerton, California, battery operations. The facility, dedicated to producing next-generation American-made battery packs and solid-state polymers, will now include two high-volume standard battery chemistry lines, a solid-state polymer R&D line, and an expanded testing laboratory. The move aligns with Mullen’s commitment to domestic battery production and reduced reliance on foreign imports. The company has also submitted a revised plan to the U.S. Department of Energy, seeking $55 million in matching funds to support its U.S.-based battery and pack manufacturing capabilities. To view…

WednesdayJan 29, 2025 10:46 am

GreenEnergyBreaks — SolarBank Corp. (NASDAQ: SUUN) (CSE: SUNN) Highlights Major 2024 Milestones, Expands Clean Energy Footprint

Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (CSE: SUNN) has announced key achievements from 2024, including over $67.5 million in committed financing and several strategic initiatives. Highlights include a $49.5 million transaction with Qcells for four New York solar projects, a $25.8 million financing deal with Royal Bank of Canada for battery storage projects, and a Nasdaq listing in April. SolarBank also completed its acquisition of Solar Flow-Through Funds Ltd., valued at up to $45 million, and expanded its board with renewable energy expert Chelsea L. Nickles. The company is exploring data center colocation as part of its…

TuesdayJan 28, 2025 11:48 am

GreenEnergyBreaks — Snow Lake Resources Ltd. (NASDAQ: LITM) Closes $16M Offering

Snow Lake Resources (NASDAQ: LITM) d/b/a Snow Lake Energy, a uranium exploration company, announced the closing of its best-efforts offering of 16,000,000 common shares, each at a public offering price of US$1.00, for gross proceeds of US$16.0 million. Snow Lake intends to use the net proceeds for working capital and general corporate purposes. ThinkEquity acted as sole placement agent for the offering. To view the full press release, visit https://ibn.fm/YNLTk About Snow Lake Resources Ltd. Snow Lake Resources, d/b/a Snow Lake Energy, is a Canadian clean energy exploration company listed on (NASDAQ: LITM), with a global portfolio of clean energy…

TuesdayJan 28, 2025 10:18 am

GreenEnergyBreaks — Mullen Automotive Inc. (NASDAQ: MULN) Expands Presence on U.S. College Campuses with Additional EV Orders

Mullen Automotive (NASDAQ: MULN) announced the sale of five additional Mullen ONE Class 1 EV cargo vans to two major California universities in Los Angeles and the San Francisco Bay Area. The orders, fulfilled by EV dealers Papé Group and Randy Marion Automotive Group, highlight Mullen’s alignment with institutions prioritizing carbon emission reductions. CEO David Michery emphasized that repeat orders reflect the performance and value of Mullen's commercial EVs. The company’s lineup, including the Mullen ONE and Mullen THREE, meets stringent U.S. safety and emissions standards and continues to gain traction in campus and urban fleet applications nationwide. To view…

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