Monat: Dezember 2022

Clean Logistics SE Takes Action to Address Financial Difficulties

Clean Logistics SE Takes Action to Address Financial Difficulties

Clean Logistics SE is a company that builds hydrogen-powered trucks and is in need of liquidity to survive. To cope with its financial difficulties, the company has announced a capital increase to 1.80 euros per new share, which is significantly lower than the previous stock price. In addition, major shareholders have already pre-subscribed new Clean Logistics shares worth more than 1.2 million euros. Furthermore, Clean Logistics has decided to sell its subsidiary GINAF Trucks Nederland B.V., which it had only acquired in July of this year, as a „strategy adjustment“. This sale will reduce debt obligations and generate revenues in the mid single-digit million range. As a result of these announcements, the Clean Logistics stock price dropped to 2.40 euros on XETRA trading and ended at 2.92 euros on Thursday.

In summary, Clean Logistics SE is facing financial difficulties and has taken action in order to respond to them by raising capital and selling its subsidiary GINAF Trucks Nederland B.V.. These measures have caused the stock price to drop significantly from 17.90 euros in August to 2.92 euros on Thursday.

Liquidity and Cash Flow

Liquidity is an important factor when it comes to cash flow. It represents the ability of a business to meet its short-term obligations such as payroll, rent and other expenses without having to resort to borrowing or selling assets. Having sufficient liquidity allows businesses to take advantage of opportunities that arise in their industry, as well as weather any unexpected financial hardships. Businesses can increase their liquidity by maintaining a positive cash flow, managing their inventory carefully, and collecting payments from customers promptly.
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Picture source: Ronnie George

The Hype Around Nuclear Fusion: Is It Really the Answer to Climate Change?

The Hype Around Nuclear Fusion: Is It Really the Answer to Climate Change?

The article discusses the hype surrounding nuclear fusion as a potential energy source of the future. It notes that while a recent experiment in the US has been touted as a success, it is actually misleading due to the fact that it does not take into account the total energy consumption of the system. The article further argues that despite this, politicians and corporate investors are eager to pour money into research on nuclear fusion – with some even suggesting it could be powering homes in Germany within 10 years. The article concludes by noting that while technological progress should be welcomed, investing in nuclear fusion is not a solution to climate change and will likely only serve to line the pockets of corporate investors.

How Nuclear Fusion Works

Nuclear fusion is the process of combining two or more atomic nuclei to form a single, heavier nucleus. This process releases tremendous amounts of energy and is the same process that powers the sun and other stars. To achieve nuclear fusion, extremely high temperatures and pressures are needed to overcome the repulsive forces between positively charged nuclei. The most common type of nuclear fusion involves two isotopes of hydrogen, deuterium and tritium, which combine to form helium-4 with a release of energy. This reaction can be self-sustaining when enough heat is generated from the reaction itself, allowing it to continue without any external source of energy.
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Clean Logistics Seeks Partner to Manufacture Hydrogen-Powered Trucks and Introduces Incentives for Sustainable Transport Solutions

Clean Logistics Seeks Partner to Manufacture Hydrogen-Powered Trucks and Introduces Incentives for Sustainable Transport Solutions

Clean Logistics is looking for a partner to help manufacture hydrogen-powered trucks. The financially struggling start-up cannot undertake the production alone, and is now implementing several measures. This includes issuing new shares to raise more funds for the development of the electric vehicle. They are also working with Hjobg Usvdlt from Ojfefsmboefo to create an efficient manufacturing process in Xjotfo. Additionally, they are introducing a new incentive program which will offer discounts on their Mlx.Qspevlujpo vehicles in 3134. Finally, they plan to introduce a new investment fund for sustainable transport solutions.

Hydrogen-Powered Vehicles

Hydrogen-powered vehicles are becoming increasingly popular as an alternative to traditional gasoline-powered cars. Hydrogen fuel cells provide a cleaner, more efficient source of energy that can power electric motors. These vehicles have no tailpipe emissions and are much quieter than gasoline engines. Additionally, hydrogen fuel cells can be refueled in minutes, compared to the hours it takes to charge an electric vehicle battery. Hydrogen-powered vehicles may cost more upfront than other alternatives, but they offer a long-term savings due to their low maintenance costs and superior fuel efficiency.
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Picture source: Terry Vlisidis

2023: Will Hydrogen be the Future of Energy?

2023: Will Hydrogen be the Future of Energy?

2023 could be the year of hydrogen. Companies like PepsiCo Australia are testing out trucks powered by fuel cells that convert hydrogen into electricity with only water vapor being emitted. The technology is gaining traction in industries such as steel production, as it would reduce carbon dioxide emissions and increase energy security. Governments and investors are hoping that this time will be different from past attempts to use hydrogen, which have been unsuccessful. In 2023, we will see if the enthusiasm for hydrogen is here to stay or not; factors such as a global recession and supply chain issues could affect its success.

Hydrogen: The Future of Clean Energy

Hydrogen is a clean fuel source that has the potential to revolutionize the way we power our lives. It can be used to generate electricity and heat, as well as to power cars, buses, and trains. Hydrogen is an abundant element found in nature and it produces no toxic emissions when burned. This makes it an ideal alternative to traditional fossil fuels for powering vehicles, buildings, and homes. Additionally, hydrogen can be produced from renewable sources such as water or biomass, making it an even more attractive option for those looking for a sustainable energy source. With the right investments in research and development, hydrogen could become the go-to fuel of choice for many countries around the world.
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Picture source: Tommy Krombacher

Michael Lohscheller: German CEO of Nikola Corporation Demonstrates Faith in Hydrogen Technology

Michael Lohscheller: German CEO of Nikola Corporation Demonstrates Faith in Hydrogen Technology

Michael Lohscheller, a native of Bocholt, Germany, is the CEO of the US-based Nikola Corporation, which produces hybrid trucks. In an interview with BBV, he expressed his belief that hydrogen technology holds great potential for the future of the automotive industry. He demonstrated this faith by showing off one of Nikola’s trucks in use at the Hamburg Harbor.

Hydrogen Technology: A Clean Energy Source

Hydrogen technology is a form of clean energy that uses hydrogen as a fuel source. Hydrogen is an abundant resource and when it is burned, the only byproduct is water. This makes it an attractive alternative to traditional fossil fuels, which produce carbon dioxide and other pollutants when burned. Hydrogen-powered vehicles are becoming increasingly popular because they are more efficient than gasoline-powered vehicles and produce no emissions. Additionally, hydrogen can be used to generate electricity, making it a versatile energy source with many potential applications in the future.
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Picture source: Sharon Pittaway

Collaboration is Key: Implementing Germany’s National Hydrogen Strategy

Collaboration is Key: Implementing Germany’s National Hydrogen Strategy

The article discusses the need for more collaboration between the federal government and states, industry, and investors in order to implement Germany’s national hydrogen strategy. The minister of economic affairs and energy in Bavaria, Hubert Aiwanger, believes that there is not enough communication between all parties involved and calls for a joint plan to reach their goals. He suggests using existing gas pipelines for hydrogen transport, setting ambitious targets, and connecting Bavaria with Thuringia by 2025. It is essential to use „green“ hydrogen to achieve climate goals as it is produced from renewable sources such as wind or solar power.

The Benefits of Collaboration

Collaboration is an essential part of any successful project. By working together, teams can leverage the strengths of each individual to create something greater than what could be done alone. When people collaborate, they share ideas, resources, and knowledge to come up with innovative solutions to problems. Additionally, collaboration encourages a sense of ownership and accountability for the project’s success. As a result, it can foster a sense of teamwork and camaraderie among team members that helps to keep morale high and productivity levels up.
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Picture source: Sharon Pittaway

European Energy Acquires Majority Stake in Australian Company to Develop 3.6GW Pacific Solar Hydrogen Project

European Energy Acquires Majority Stake in Australian Company to Develop 3.6GW Pacific Solar Hydrogen Project

Danish developer European Energy has acquired a majority stake in Austrom, an Australian company focused on the procurement and development of large-scale renewable projects. The acquisition will help to expedite the 3.6GW Pacific Solar Hydrogen Project in the Gladstone region of Queensland.The project is estimated to produce more than 100,000 tonnes of green hydrogen annually and is expected to be completed by 2026. Thorvald Spanggaard, Executive Vice President at European Energy and Head of Project Development, stated that this is “one of the biggest projects that we or anyone in the world for that matter have undertaken” and believes it is feasible and realistic to realise this project in 2026 due to local authorities’ willingness to move forward with the green transition.Austrade and Trade and Investment Queensland (TIQ) welcomed European Energy’s investment in Austrom for developing the Pacific Solar Hydrogen Project. Acting CEO Trade and Investment Queensland, Richard Watson said “European Energy is a welcome new entrant into Queensland’s hydrogen future” as they work towards developing the project. European Energy will be managing the grid process for the Pacific Solar Hydrogen Project portfolio as well as undertaking development work in coming months. The project covers 6000 hectares near Gladstone export hub which has already secured rights from four renewable sites.

Summary

  • European Energy has acquired a majority stake in Austrom, an Australian enterprise specialising in the procurement and development of large-scale renewable projects.
  • Austrom has secured the rights to four renewable sites covering 6000 hectares in proximity to the Gladstone export hub.
  • European Energy will be accelerating the formal development and grid connection processes for the Pacific Solar Hydrogen Project portfolio in the coming months.

What is the timeline for the development and grid connection of the Pacific Solar Hydrogen Project portfolio?

European Energy plans to complete the development and grid connection of the Pacific Solar Hydrogen Project portfolio by 2026.
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Picture source: Dan Freeman

Unprecedented Carbon Tax at the Border: The EU’s Carbon Border Adjustment Mechanism

Unprecedented Carbon Tax at the Border: The EU’s Carbon Border Adjustment Mechanism

The European Parliament and EU Member States announced Tuesday morning that they have adopted an unprecedented mechanism to green Europe’s industrial imports by charging for the carbon emissions associated with their production. Commonly referred to as a „carbon tax at the border,“ the scheme will subject imports in several sectors (steel, aluminum, cement, fertilizers, electricity, and hydrogen) to the EU’s environmental standards. The mechanism is called the Carbon Border Adjustment Mechanism (CBAM) and is quite complex. Companies importing steel or cement from outside the EU will now pay for the material as well as the greenhouse gas emissions and electricity required to produce it. If such a market exists in the exporting country, the company will only pay the difference. This article discusses how ending free emission quotas could help implement this system but is causing debate within the EU about when these quotas should be eliminated.

How Carbon Border Adjustment Mechanism (CBAM) Works

The Carbon Border Adjustment Mechanism (CBAM) is a proposed policy tool that would impose a fee on imports from countries with lower carbon prices or weaker climate policies than those of the importing country. The fee would be based on the difference between the two countries’ carbon prices, and would be used to incentivize companies to reduce their emissions and transition to cleaner production processes. CBAMs are designed to ensure that all countries are held accountable for their environmental impact, regardless of where they produce their goods. By creating an economic incentive for companies to reduce emissions, CBAMs can help level the playing field for businesses in all countries and protect against unfair competition from those with weaker climate policies.
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Iberdrola Australia and ABEL Energy Join Forces to Create World’s Largest Green Hydrogen and Methanol Production Facility in Tasmania

Iberdrola Australia and ABEL Energy Join Forces to Create World’s Largest Green Hydrogen and Methanol Production Facility in Tasmania

Iberdrola Australia and hydrogen developer ABEL Energy have announced a partnership to create the Bell Bay Powerfuels Project, one of the world’s largest green hydrogen and methanol production facilities. Located in northern Tasmania, the facility will produce 200,000 tonnes of green methanol per year in its first stage, with plans to increase capacity to 300,000 tonnes per year in Stage Two. The total estimated capital requirement for the project is A$1.7bn (US$1.14bn).The technology needed to design and build this project is being sourced from around the globe. It is expected that when operations begin in 2026, 50 local employees will be employed directly and an additional 150 indirect jobs will be created. During construction, 500 people are expected to be employed.CEO and Managing Director of Iberdrola Australia Ross Rolfe said: “We are committed to helping Australian enterprises reduce their carbon emissions by investing in projects like this one which have traditionally been difficult to abate technically and economically. He added: We were drawn to this project because of its integrated nature – combining renewable energy investments with green hydrogen capacity investment – and its collaborative approach which creates shared value for Tasmanian stakeholders over time. ABEL Energy Co-founder & CEO Michael van Baarle expressed his delight at having Iberdrola’s support as a financial partner due to their extensive experience in constructing and operating large-scale renewable energy projects worldwide. He said: “Together we can use Tasmania’s excellent hydro and wind resources to produce hydrogen via electrolysis of water, then use that hydrogen to make green methanol for maritime fuel markets or other applications.

Summary

  • Iberdrola Australia and hydrogen developer ABEL Energy will work together to deliver a green hydrogen and green methanol production facility at Bell Bay, in northern Tasmania.
  • The scale of the Bell Bay Powerfuels Project, at 200,000 tonnes per year of green methanol for Stage One, will make it one of the largest such projects in the world. Stage Two will increase capacity to 300,000 tonnes per year.
  • The total estimated capital requirement for the methanol and renewable energy project is in the order of A$1.7bn (US$1.14bn).
What is the total estimated capital requirement for the Bell Bay Powerfuels Project?

The total estimated capital requirement for the Bell Bay Powerfuels Project is in the order of A$1.7bn (US$1.14bn).
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Picture source: Ronnie George

Stellantis Joins Forces with Faurecia and Michelin to Accelerate Zero-Emission Mobility

Stellantis Joins Forces with Faurecia and Michelin to Accelerate Zero-Emission Mobility

Today, Faurecia, a company of the Group FORVIA, Michelin and Stellantis announced exclusive negotiations for Stellantis to acquire a substantial stake in Symbio, a leader in zero-emission hydrogen mobility. This move will allow Stellantis to become a significant player alongside existing shareholders Faurecia and Michelin.The decision was made due to Symbio’s technical roadmap matching with Stellantis‘ hydrogen roll-out plans in Europe and the U.S., as stated by Carlos Tavares, CEO of Stellantis. He also expressed his gratitude towards the teams at Faurecia, Michelin and Symbio for their commitment to innovation and collaboration in order to achieve decarbonized mobility.Stellantis is already a pioneer and frontrunner in hydrogen mobility having launched mid-size vans late 2021. The Company is pursuing an aggressive ambition as part of its Dare Forward 2030 strategic plan which includes expanding its hydrogen offering to large vans as early as 2024 in Europe and 2025 in the U.S., while further exploring opportunities for heavy-duty trucks.Patrick Koller, CEO of Faurecia commented on the intention of acquiring a stake in Symbio by saying that it confirms the robustness of Michelin and Faurecia’s approach towards creating a global leader in zero-emission mobility. He added that this new setup would accelerate and globalize Symbio’s growth for the benefit of its customers. Florent Menegaux, CEO of Michelin said that they are convinced that hydrogen fuel cell technology will make an effective contribution to decarbonizing mobility beyond traditional electric vehicles. This is what led Michelin to pioneer this technology for more than 20 years now. The arrival of Stellantis into Symbio’s capital would reinforce this conviction and catalyze the tremendous industrial momentum built by Faurecia and Michelin together. In October 2022, Symbio announced its HyMotive project which aims at accelerating industrialization and disruptive innovation while increasing production capacity up to 100,000 systems per year by 2028 with 1,000 additional jobs being generated from it too. This transaction enables Symbio to expand its development with the help of Stellantis‘ leadership in European and American automotive markets. The closing date for this transaction is expected to occur during first semester 2023 after meeting all customary closing conditions including regulatory approvals..

Summary

  • Stellantis to acquire a substantial stake in Symbio, a leader in zero-emission hydrogen mobility.
  • The move will foster the speed of development to bring low emission products to customers.
  • Closing of the transaction expected to occur in the first semester of 2023 and is subject to customary closing conditions.

What benefits does Stellantis expect to gain from acquiring a stake in Symbio?

Stellantis expects to gain the ability to expand its development and roll-out plans for hydrogen mobility in Europe and the US, as well as access to Symbio’s leadership in zero-emission mobility, through acquiring a stake in Symbio.
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Picture source: Osley Coke