Capstone Green Energy (NASDAQ:CGRN) Receives Follow-on Order for 800kW Energy System at Korean Sewage Treatment Plant

 

Green Energy System Will Use Biogas to Generate Electric and Thermal Energy

VAN NUYS, CA / ACCESSWIRE / November 22, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone,” the “Company,” “we” or “us”), a global leader in carbon reduction and on-site, resilient green energy as a service, today announced that its Distributor in Korea, CY Tech, has obtained a follow-on order for a Capstone 800kW green energy system for installation at the Noksan Sewage Treatment Plant in Busan, Korea. The new installation follows the successful implementation of a 600kW energy system at the Nambu Sewage Treatment Plant, which is also located in Busan.

According to the World Resource Institute, the world needs more energy to support growing populations and expanding cities. Using waste for energy is a cheap, renewable, and readily available form of energy for many cities. Since sewage treatment plants can use biogas generated from their own sludge to power their operations, it allows them to be energy self-sufficient. This ensures that a sewage plant’s primary function — removing pollutants and disease-causing pathogens — is not interrupted by surrounding power outages.

According to the EPA, methane makes up 16 percent of global greenhouse gas emissions, and it’s extremely potent-about 30 times more powerful than carbon dioxide. Sludge-to-energy systems harness this methane for energy instead of letting it escape into the atmosphere, where it would fuel climate change. Although methane releases carbon dioxide when harnessed for energy, the net emissions are negligible if methane-rich biogas is being used in place of fossil fuels in solutions like Capstone energy systems.

The Noksan site, which is capable of processing sludge at 160,000 m3/day, will use the biogas produced in the digestion process as fuel to provide on-site power for the 15-building treatment facility as well as the heat required for the digester. The new system will replace an aging digester with a new one in combination with the system installation.

Because the plant is located within the city of Gangseo-gu, Capstone Green Energy systems were selected for their low noise impact and low environmental impact. The system expansion is expected to be commissioned in September of 2022.

“The original Capstone Green Energy systems we installed has been working so well, we thought it was a sound investment to expand our capacity,” said Ohjun Kwon, Project manager of Busan Noksan Sewage Treatment Plant. “We chose Capstone’s technology for its strong performance, reliability, low noise, and minimal maintenance intervals, which have proven successful operation in several domestic sites.”

“Wastewater treatment plants like the one in Busan have a unique opportunity to take advantage of their methane-rich biogas, which offers a free, renewable fuel source for producing heat and electricity,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “Not only does it help reduce operational costs, but it also provides an important step forward in the fight against climate change by eliminating waste gas, which could otherwise be a global warming pollutant.”

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

Alisher Nurmat Joins Gevo as VP/Controller

 

ENGLEWOOD, Colo., November 22, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), announced today that Alisher Nurmat, CPA has joined Gevo as VP/Controller. Mr. Nurmat brings more than thirty years of experience and leadership in accounting and audits, SEC reporting, SOX, tax, management accounting, ERP implementation and management, IT, and finance functions. Most recently, he served as the VP Finance and Corporate Controller at Gold Resource Corporation, where he improved and successfully managed corporate internal and external financial and accounting operations.

“I’m delighted to welcome Alisher to Gevo,” said Lynn Smull, Chief Financial Officer. “He has extensive experience leading accounting teams in the oil and gas, manufacturing, mining, and pipeline transportation industries. This includes publicly-held companies and companies with complex operations, including foreign subsidiaries. Alisher’s experience and expertise will greatly benefit Gevo and we look forward to working with him.”

“I am thrilled to join Gevo in this period of exciting growth,” said Mr. Nurmat. “I look forward to building partnerships, driving results, and providing mentorship for Gevo’s high performing corporate finance team.”

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo also plans to take advantage of decarbonization via geological sequestration in the future. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions.

Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build- out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the hiring of Alisher Nurmat, Gevo’s products, Gevo’s technology, Gevo’s ability to produce products with “net-zero” greenhouse gas emissions and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

 

Gevo Investor and Media Contact

Heather L. Manuel

+1 720-418-0085

IR@gevo.com

Alisher Nurmat Joins Gevo as VP/Controller

 

ENGLEWOOD, Colo., November 22, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), announced today that Alisher Nurmat, CPA has joined Gevo as VP/Controller. Mr. Nurmat brings more than thirty years of experience and leadership in accounting and audits, SEC reporting, SOX, tax, management accounting, ERP implementation and management, IT, and finance functions. Most recently, he served as the VP Finance and Corporate Controller at Gold Resource Corporation, where he improved and successfully managed corporate internal and external financial and accounting operations.

“I’m delighted to welcome Alisher to Gevo,” said Lynn Smull, Chief Financial Officer. “He has extensive experience leading accounting teams in the oil and gas, manufacturing, mining, and pipeline transportation industries. This includes publicly-held companies and companies with complex operations, including foreign subsidiaries. Alisher’s experience and expertise will greatly benefit Gevo and we look forward to working with him.”

“I am thrilled to join Gevo in this period of exciting growth,” said Mr. Nurmat. “I look forward to building partnerships, driving results, and providing mentorship for Gevo’s high performing corporate finance team.”

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo also plans to take advantage of decarbonization via geological sequestration in the future. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions.

Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build- out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the hiring of Alisher Nurmat, Gevo’s products, Gevo’s technology, Gevo’s ability to produce products with “net-zero” greenhouse gas emissions and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

 

Gevo Investor and Media Contact

Heather L. Manuel

+1 720-418-0085

IR@gevo.com

 

Capstone Green Energy (NASDAQ:CGRN) Receives Follow-on Order for 800kW Energy System at Korean Sewage Treatment Plant

 

Green Energy System Will Use Biogas to Generate Electric and Thermal Energy

VAN NUYS, CA / ACCESSWIRE / November 22, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone,” the “Company,” “we” or “us”), a global leader in carbon reduction and on-site, resilient green energy as a service, today announced that its Distributor in Korea, CY Tech, has obtained a follow-on order for a Capstone 800kW green energy system for installation at the Noksan Sewage Treatment Plant in Busan, Korea. The new installation follows the successful implementation of a 600kW energy system at the Nambu Sewage Treatment Plant, which is also located in Busan.

According to the World Resource Institute, the world needs more energy to support growing populations and expanding cities. Using waste for energy is a cheap, renewable, and readily available form of energy for many cities. Since sewage treatment plants can use biogas generated from their own sludge to power their operations, it allows them to be energy self-sufficient. This ensures that a sewage plant’s primary function — removing pollutants and disease-causing pathogens — is not interrupted by surrounding power outages.

According to the EPA, methane makes up 16 percent of global greenhouse gas emissions, and it’s extremely potent-about 30 times more powerful than carbon dioxide. Sludge-to-energy systems harness this methane for energy instead of letting it escape into the atmosphere, where it would fuel climate change. Although methane releases carbon dioxide when harnessed for energy, the net emissions are negligible if methane-rich biogas is being used in place of fossil fuels in solutions like Capstone energy systems.

The Noksan site, which is capable of processing sludge at 160,000 m3/day, will use the biogas produced in the digestion process as fuel to provide on-site power for the 15-building treatment facility as well as the heat required for the digester. The new system will replace an aging digester with a new one in combination with the system installation.

Because the plant is located within the city of Gangseo-gu, Capstone Green Energy systems were selected for their low noise impact and low environmental impact. The system expansion is expected to be commissioned in September of 2022.

“The original Capstone Green Energy systems we installed has been working so well, we thought it was a sound investment to expand our capacity,” said Ohjun Kwon, Project manager of Busan Noksan Sewage Treatment Plant. “We chose Capstone’s technology for its strong performance, reliability, low noise, and minimal maintenance intervals, which have proven successful operation in several domestic sites.”

“Wastewater treatment plants like the one in Busan have a unique opportunity to take advantage of their methane-rich biogas, which offers a free, renewable fuel source for producing heat and electricity,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “Not only does it help reduce operational costs, but it also provides an important step forward in the fight against climate change by eliminating waste gas, which could otherwise be a global warming pollutant.”

About Capstone Green Energy

Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

Azarga Uranium Shareholders Approve Merger with enCore Energy

 

VANCOUVER, BC, Nov. 17, 2021 /CNW/ – enCore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) (the “Company” or “enCore”) is pleased to announce that the shareholders of Azarga Uranium Corp. (TSX: AZZ) (OTCQB: AZZUF) (FRA: P8AA) (“Azarga Uranium”) have approved the plan of arrangement (the “Plan of Arrangement”) with enCore previously announced on September 7th, 2021. The Plan of Arrangement was approved by 99.8% of the votes cast by holders of common shares of Azarga Uranium. enCore Energy will host an information session, via webinar, on Thursday, November 18, 2021 at 11 AM EST. Please register at: 

https://attendee.gotowebinar.com/register/5708536147519920651.

“enCore is very pleased with the results of the Azarga Uranium shareholder vote and will be working closely with Azarga to complete the next steps to close this transaction,” said William M. Sheriff, Executive Chairman. “Upon closing of this transaction, enCore Energy will have established itself as one of the leading in-situ recovery uranium development companies in the United States. The two licensed Texas production plants, now under revitalization, combined with over 90 million 43-101 compliant pounds of uranium resources across Wyoming, South Dakota and New Mexico¹ ideally position enCore to advance clean energy sources in the nuclear renaissance.”

In addition, the Plan of Arrangement was approved by a simple majority of the votes cast by Azarga Uranium shareholders, excluding the votes cast in respect of the Azarga Uranium shares held by certain related parties (as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions).

The British Columbia Supreme Court hearing for the final order to approve the Plan of Arrangement is expected to occur on November 19, 2021. Closing of the Plan of Arrangement is subject to the receipt of applicable regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature, including, without limitation, the final stock exchange approval. enCore Energy and Azarga Uranium are working together to complete these regulatory approvals in order to close the transaction.

In connection with the Plan of Arrangement, the Azarga Uranium shareholders will receive 0.375 common shares of enCore for each Azarga Uranium common share held (the “Exchange Ratio”). Additionally, the Exchange Ratio will be subject to an adjustment mechanism at the closing of the transaction (the “Closing Exchange Ratio”). The Closing Exchange Ratio shall be equal to the greater of: (i) the Exchange Ratio; or (ii) an exchange ratio calculated as $0.54 divided by enCore’s 15-day volume-weighted average price prior to the closing of the transaction, subject to a maximum Closing Exchange Ratio of 0.49 common shares of enCore for each share of Azarga Uranium outstanding.

None of the securities to be issued pursuant to the transaction have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issuable in the transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

For further information, please see Azarga Uranium’s Report of Voting Results, which is filed on SEDAR at www.sedar.com

About Azarga Uranium Corp.

Azarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America (“USA”) (South Dakota, Wyoming, Utah and Colorado), with a primary focus of developing in-situ recovery uranium projects. The Dewey Burdock in-situ recovery uranium project in South Dakota, USA (the “Dewey Burdock Project”), which is the Company’s initial development priority, has been issued its Nuclear Regulatory Commission License and Class III and Class V Underground Injection Control permits from the Environmental Protection Agency and the Company is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock Project. For more information, please visit www.azargauranium.com.

About enCore Energy Corp.

enCore Energy Corp., a U.S. domestic uranium developer focused on becoming a leading in-situ recovery (“ISR”) uranium producer, is led by a team of industry experts with extensive knowledge and experience in all aspects of ISR uranium operations. enCore Energy’s initial opportunities are created from the Company’s South Texas licensed and past-producing Rosita and Kingsville Dome ISR production facilities, under development, and multiple satellite projects in South Texas plus the changing global uranium supply/demand outlook and opportunities for industry consolidation. Large uranium resource endowments in New Mexico add to the asset base for long term growth and development opportunities.

_{1. enCore Energy Corp. and Azarga Uranium Corp. News Release dated September 7, 2021.}

SOURCE enCore Energy Corp

Azarga Uranium Shareholders Approve Merger with enCore Energy

 

VANCOUVER, BC, Nov. 17, 2021 /CNW/ – enCore Energy Corp. (TSXV: EU) (OTCQB: ENCUF) (the “Company” or “enCore”) is pleased to announce that the shareholders of Azarga Uranium Corp. (TSX: AZZ) (OTCQB: AZZUF) (FRA: P8AA) (“Azarga Uranium”) have approved the plan of arrangement (the “Plan of Arrangement”) with enCore previously announced on September 7th, 2021. The Plan of Arrangement was approved by 99.8% of the votes cast by holders of common shares of Azarga Uranium. enCore Energy will host an information session, via webinar, on Thursday, November 18, 2021 at 11 AM EST. Please register at: 

https://attendee.gotowebinar.com/register/5708536147519920651.

“enCore is very pleased with the results of the Azarga Uranium shareholder vote and will be working closely with Azarga to complete the next steps to close this transaction,” said William M. Sheriff, Executive Chairman. “Upon closing of this transaction, enCore Energy will have established itself as one of the leading in-situ recovery uranium development companies in the United States. The two licensed Texas production plants, now under revitalization, combined with over 90 million 43-101 compliant pounds of uranium resources across Wyoming, South Dakota and New Mexico¹ ideally position enCore to advance clean energy sources in the nuclear renaissance.”

In addition, the Plan of Arrangement was approved by a simple majority of the votes cast by Azarga Uranium shareholders, excluding the votes cast in respect of the Azarga Uranium shares held by certain related parties (as defined by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions).

The British Columbia Supreme Court hearing for the final order to approve the Plan of Arrangement is expected to occur on November 19, 2021. Closing of the Plan of Arrangement is subject to the receipt of applicable regulatory approvals and the satisfaction of certain other closing conditions customary in transactions of this nature, including, without limitation, the final stock exchange approval. enCore Energy and Azarga Uranium are working together to complete these regulatory approvals in order to close the transaction.

In connection with the Plan of Arrangement, the Azarga Uranium shareholders will receive 0.375 common shares of enCore for each Azarga Uranium common share held (the “Exchange Ratio”). Additionally, the Exchange Ratio will be subject to an adjustment mechanism at the closing of the transaction (the “Closing Exchange Ratio”). The Closing Exchange Ratio shall be equal to the greater of: (i) the Exchange Ratio; or (ii) an exchange ratio calculated as $0.54 divided by enCore’s 15-day volume-weighted average price prior to the closing of the transaction, subject to a maximum Closing Exchange Ratio of 0.49 common shares of enCore for each share of Azarga Uranium outstanding.

None of the securities to be issued pursuant to the transaction have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and any securities issuable in the transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

For further information, please see Azarga Uranium’s Report of Voting Results, which is filed on SEDAR at www.sedar.com

About Azarga Uranium Corp.

Azarga Uranium is an integrated uranium exploration and development company that controls ten uranium projects and prospects in the United States of America (“USA”) (South Dakota, Wyoming, Utah and Colorado), with a primary focus of developing in-situ recovery uranium projects. The Dewey Burdock in-situ recovery uranium project in South Dakota, USA (the “Dewey Burdock Project”), which is the Company’s initial development priority, has been issued its Nuclear Regulatory Commission License and Class III and Class V Underground Injection Control permits from the Environmental Protection Agency and the Company is in the process of completing other major regulatory permit approvals necessary for the construction of the Dewey Burdock Project. For more information, please visit www.azargauranium.com.

About enCore Energy Corp.

enCore Energy Corp., a U.S. domestic uranium developer focused on becoming a leading in-situ recovery (“ISR”) uranium producer, is led by a team of industry experts with extensive knowledge and experience in all aspects of ISR uranium operations. enCore Energy’s initial opportunities are created from the Company’s South Texas licensed and past-producing Rosita and Kingsville Dome ISR production facilities, under development, and multiple satellite projects in South Texas plus the changing global uranium supply/demand outlook and opportunities for industry consolidation. Large uranium resource endowments in New Mexico add to the asset base for long term growth and development opportunities.

_{1. enCore Energy Corp. and Azarga Uranium Corp. News Release dated September 7, 2021.}

SOURCE enCore Energy Corp

Gevo and Sweetwater Energy Sign MoU to Supply Lignocellulosic Feedstocks to Produce Cellulosic Alcohols and Sustainable Aviation Fuel

 

ENGLEWOOD, Colo., Nov. 16, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce it has signed a memorandum of understanding (MoU) with Sweetwater Energy, Inc., regarding the use of sustainably sourced agricultural residues and woody biomass as a feedstock for producing cellulosic alcohols and energy-dense renewable liquid hydrocarbons.

As outlined in the MoU, Sweetwater plans to build, own and operate a facility adjacent to Gevo’s existing plant in Luverne, Minnesota to produce high-value, plant-based products from cellulose and lignin while supplying Gevo with up to 30,000 tons of biomass-derived cellulosic sugars annually, with opportunities for expansion. The new Sweetwater facility would utilize its proprietary Sunburst technology for deconstructing lignocellulosic biomass. Sweetwater’s anticipated plant-based product portfolio, derived from cellulose and lignin, is targeted for applications in packaging, resins, and other applications to increase performance and sustainability, while displacing petroleum-based products. Gevo plans to use the offtake of the low-cost, cellulosic sugars co-produced by Sweetwater for the anticipated production of cellulosic alcohols and renewable hydrocarbons.

“We’re very excited to work with Gevo,” says Arunas Chesonis, Chairman and CEO of Sweetwater Energy. “This partnership fits perfectly with our goal for the company—replacing petroleum products with renewable solutions at a price point so low that making the right decision for the planet is also the right decision for our customers. This is the beginning of a collaboration that will pay very real dividends for present and future generations.”

Gevo was the first company to demonstrate conversion of cellulosic sugars to make sustainable aviation fuel meeting the ASTM D7566 specification allowing it to be used for commercial flights. The company expects it can be commercialized effectively when cost-effective sources of these sugars meet sustainability goals. In addition, cellulosic D3 RINs are high value and create an opportunity for Gevo to leverage its Luverne plant with anticipated better returns to make higher value products that are in demand in the marketplace.

The potential partnership with Sweetwater to supply cellulosic sugars provides an exciting model for Gevo. Because this offtake model could be replicated globally in multiple locations to fill a gap in the marketplace, it could further expand the reach of Gevo’s systems approach to sustainability, while allowing the company to stay focused on its technology for the production of alcohols and hydrocarbon fuels. Developing new partnerships for the conversion of cellulosic biomass is expected to continue to be a part of Gevo’s strategic plan.

Since Sweetwater’s Sunburst technology is designed with the flexibility to pretreat many types of biomass and has been proven in operation at commercial scale at the Sweetwoods Project in Imavere, Estonia, Sweetwater plans to increase the types of feedstock used in the Luverne plant to include qualified wood products and agricultural residues. Construction of the Sweetwater facility adjacent to the Luverne facility is anticipated to begin in Q3 2022.

“Combining forces with Sweetwater is a great way to leverage the best technology and resources from both parties to expand our addressable feedstocks to produce cellulosic alcohols and energy dense hydrocarbon fuels and plant-based products,” says Dr. Paul Bloom, Chief Carbon and Innovation Officer of Gevo. “Working together we anticipate delivering products to the market faster while decreasing risk throughout the value chain and lowering overall product carbon intensities through a systems approach to decarbonization. This is an important step to expand the portfolio of carbohydrates we intend to process to include cellulosic sugars that represent a huge amount of feedstock globally.”

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo also plans to take advantage of decarbonization via geological sequestration in the future. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions.

Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build- out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

About Sweetwater Energy, Inc.

Sweetwater Energy uses a unique technology for producing low-cost nanofibrillated cellulose, microcrystalline cellulose, cellulosic sugars, and clean lignin from non-food plant materials to help meet the modern world’s increasing bioenergy and biochemical demands. The company began in 2009 as a spinout from the Rochester Institute of Technology with funding from the New York State Energy Research and Development Authority. The initial goal was to develop a distributed method of creating ethanol on-site on farmland, but as the technology developed and its capabilities expanded, the company’s vision also grew. In early 2020, the first commercial Sunburst system was installed at the Sweetwoods Project in Imavere, Estonia, a €43.2 million collaboration of nine European companies deriving high-value products from wood via the Sunburst system.

Learn more at Sweetwater’s website: https://www.sweetwater.us/

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including Sweetwater Energy, Inc. and its technology, engineering and constructing a facility in Luverne, Minnesota, the production of cellulosic sugars and high-value products derived from forestry and agricultural wastes, the production of alcohols and advanced renewable fuels including SAF, the attributes of Gevo’s products, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Gevo Investor and Media Contact

Heather L. Manuel

+1 720-418-0085

IR@gevo.com

Sweetwater Media Contact

Jonathan Sherwood

+1 585-647-5765

Jonathan.Sherwood@Sweetwater.us

Gevo and Sweetwater Energy Sign MoU to Supply Lignocellulosic Feedstocks to Produce Cellulosic Alcohols and Sustainable Aviation Fuel

 

ENGLEWOOD, Colo., Nov. 16, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce it has signed a memorandum of understanding (MoU) with Sweetwater Energy, Inc., regarding the use of sustainably sourced agricultural residues and woody biomass as a feedstock for producing cellulosic alcohols and energy-dense renewable liquid hydrocarbons.

As outlined in the MoU, Sweetwater plans to build, own and operate a facility adjacent to Gevo’s existing plant in Luverne, Minnesota to produce high-value, plant-based products from cellulose and lignin while supplying Gevo with up to 30,000 tons of biomass-derived cellulosic sugars annually, with opportunities for expansion. The new Sweetwater facility would utilize its proprietary Sunburst technology for deconstructing lignocellulosic biomass. Sweetwater’s anticipated plant-based product portfolio, derived from cellulose and lignin, is targeted for applications in packaging, resins, and other applications to increase performance and sustainability, while displacing petroleum-based products. Gevo plans to use the offtake of the low-cost, cellulosic sugars co-produced by Sweetwater for the anticipated production of cellulosic alcohols and renewable hydrocarbons.

“We’re very excited to work with Gevo,” says Arunas Chesonis, Chairman and CEO of Sweetwater Energy. “This partnership fits perfectly with our goal for the company—replacing petroleum products with renewable solutions at a price point so low that making the right decision for the planet is also the right decision for our customers. This is the beginning of a collaboration that will pay very real dividends for present and future generations.”

Gevo was the first company to demonstrate conversion of cellulosic sugars to make sustainable aviation fuel meeting the ASTM D7566 specification allowing it to be used for commercial flights. The company expects it can be commercialized effectively when cost-effective sources of these sugars meet sustainability goals. In addition, cellulosic D3 RINs are high value and create an opportunity for Gevo to leverage its Luverne plant with anticipated better returns to make higher value products that are in demand in the marketplace.

The potential partnership with Sweetwater to supply cellulosic sugars provides an exciting model for Gevo. Because this offtake model could be replicated globally in multiple locations to fill a gap in the marketplace, it could further expand the reach of Gevo’s systems approach to sustainability, while allowing the company to stay focused on its technology for the production of alcohols and hydrocarbon fuels. Developing new partnerships for the conversion of cellulosic biomass is expected to continue to be a part of Gevo’s strategic plan.

Since Sweetwater’s Sunburst technology is designed with the flexibility to pretreat many types of biomass and has been proven in operation at commercial scale at the Sweetwoods Project in Imavere, Estonia, Sweetwater plans to increase the types of feedstock used in the Luverne plant to include qualified wood products and agricultural residues. Construction of the Sweetwater facility adjacent to the Luverne facility is anticipated to begin in Q3 2022.

“Combining forces with Sweetwater is a great way to leverage the best technology and resources from both parties to expand our addressable feedstocks to produce cellulosic alcohols and energy dense hydrocarbon fuels and plant-based products,” says Dr. Paul Bloom, Chief Carbon and Innovation Officer of Gevo. “Working together we anticipate delivering products to the market faster while decreasing risk throughout the value chain and lowering overall product carbon intensities through a systems approach to decarbonization. This is an important step to expand the portfolio of carbohydrates we intend to process to include cellulosic sugars that represent a huge amount of feedstock globally.”

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo also plans to take advantage of decarbonization via geological sequestration in the future. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions.

Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build- out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

About Sweetwater Energy, Inc.

Sweetwater Energy uses a unique technology for producing low-cost nanofibrillated cellulose, microcrystalline cellulose, cellulosic sugars, and clean lignin from non-food plant materials to help meet the modern world’s increasing bioenergy and biochemical demands. The company began in 2009 as a spinout from the Rochester Institute of Technology with funding from the New York State Energy Research and Development Authority. The initial goal was to develop a distributed method of creating ethanol on-site on farmland, but as the technology developed and its capabilities expanded, the company’s vision also grew. In early 2020, the first commercial Sunburst system was installed at the Sweetwoods Project in Imavere, Estonia, a €43.2 million collaboration of nine European companies deriving high-value products from wood via the Sunburst system.

Learn more at Sweetwater’s website: https://www.sweetwater.us/

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including Sweetwater Energy, Inc. and its technology, engineering and constructing a facility in Luverne, Minnesota, the production of cellulosic sugars and high-value products derived from forestry and agricultural wastes, the production of alcohols and advanced renewable fuels including SAF, the attributes of Gevo’s products, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Gevo Investor and Media Contact

Heather L. Manuel

+1 720-418-0085

IR@gevo.com

Sweetwater Media Contact

Jonathan Sherwood

+1 585-647-5765

Jonathan.Sherwood@Sweetwater.us

 

Capstone Green Energy (Nasdaq:CGRN) To Provide Onsite Power System To Wastewater Treatment Facility

 

System Will Use Both Biogas and Natural Gas to Generate Electrical & Thermal Energy

VAN NUYS, CA / ACCESSWIRE / November 12, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone,” the “Company,” “we” or “us”), a global leader in carbon reduction and on-site resilient green energy solutions, today announced that its Distributor in Romania, Servelect, has signed a contract to provide a Combined Heat and Power (CHP) system to Compania Aquaserv S.A., a wastewater treatment plant operator in Mures County, Romania.

The new utility grid-connected system will be built utilizing one Capstone Green Energy C600S microturbine and one C200S microturbine. All the energy produced on-site will be used within the wastewater treatment plant. The C600S unit will be fueled by the biogas resulting from anaerobic fermentation of sludge, while the C200S unit will use high-pressure natural gas from the local Romanian Distribution Network Operator (DNO).

This green energy project was pursued as it became clear that the site’s existing internal combustion engine cogeneration plant was reaching the end of its lifecycle. At the same time, rising electricity prices combined with investment opportunities for wastewater treatment cogeneration projects made it an ideal time for Compania Aquaserv S.A. to look for a more efficient and advanced cogeneration technology. The project is funded by the European Economic Area (EEA) and Norwegian grants. The EEA and Norwegian grants represent the contribution of Iceland, Liechtenstein, and Norway to reduce economic and social disparities in the European Economic Area and to strengthen bilateral relations with the 15 beneficiary states in Eastern and Southern Europe and the Baltic States.

“Producing biogas from municipal wastewater sludge is a well-known and widely used approach,” said Csaba Bauer, Head of Wastewater Treatment Department of Compania Aquaserv S.A. “Compania Aquaserv S.A. has over 20 years of experience using biogas in cogeneration plants to cover its energy consumption and thermal needs. In this way, we can optimize our operational costs for public sewage service, making it more affordable for the public,” added Mr. Bauer.

The system will include two compressors that will increase the pressure of both the biogas and natural gas. To provide maximum efficiency, the two Capstone Green Energy CHP systems will be directed to a recovery boiler by a manifold; in addition, the hot water produced will be used in the sludge drying process. Together with the compressors and the recovery boiler, the two CHP units will be integrated within the site’s existing Supervisory Control and Data Acquisition (SCADA) system. This allows for both local and remote monitoring, as well as manual and automatic operating modes. All together, the system is designed to provide 800 kWe electric and 1500 kWth thermal power. It is expected to be commissioned in March 2022.

“We are very excited to implement one of the first Capstone Green Energy cogeneration plants within a wastewater treatment plant in Romania. Servelect has been Aquaserv’s reliable partner since the beginning of the project, starting with the feasibility study, elaboration of the financing application, and now with the technical design and the actual implementation of the project,” said Iulia Bargauan, General Director of Servelect. “The new system will provide Aquaserv with cost savings, energy efficiency, and reduced carbon emissions,” added Ms. Bargauan.

“Wastewater treatment plants are among the best candidates for this kind of highly efficient green energy project. Not only is biogas a free, renewable fuel source for producing heat and electricity, it also eliminates the waste gas, which could otherwise be a global warming pollutant,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “The kind of energy efficiency we can achieve at sites like Aquaserv S.A. offers the potential for greater operational cost savings, and with the kind of incentives that are currently available in many regions, the return on investment can be substantial,” concluded Mr. Jamison.

About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee lifecycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

	Image Credit: Steve Jurvetson (Flickr)

Lithium Recycling Market Expected to Boom 20% Per Year with Battery Demand

 

The skyrocketing use of batteries and growing plans to include lithium-ion (Li-ion) batteries as a solution to many of today’s environmental initiatives has challenges. Not the least of these is that the mining of lithium has a number of negative impacts on the environment. One of these is water pollution from chemical leakage. From these issues, a rapidly growing recycling industry is blooming. The rapidly expanding lithium battery recycling business helps manufacturers ensure a sufficient quantity of lithium and other components for the continued creation of batteries and other applications.

The Market

As the need for minerals and other materials for Li-ion batteries burgeons from EV growth, the need for li-ion battery recycling methods and facilities has dramatically increased. According to Research
and Markets the market for recycling these batteries was $161.4 million in 2020. It is expected to grow almost 20% a year and is estimated to be 614% larger in 2030. This falls in line with other expectations. According to the International Energy
Agency (IEA)’s Sustainable Development Scenario, the number of electric vehicles (excluding two- and three-wheelers) across the globe will increase to 245 million units by 2030, this, in turn, is expected to encourage the recycling of lithium-ion batteries to meet the future demand. Investors may find looking at companies involved in battery recycling, interesting and an alternative to expose your portfolio to the growth of EVs.

Investing
in Li-ion Recycling

One company accelerating its plans and making headway is Comstock Mining (LODE). Management has spent the last six months developing their capacity and expects to conduct lithium recycling in the first and second quarters of 2022. In a research report released today, Mark Reichmann, Noble Senior Natural Resources Analyst, discusses Comstock’s full transformation plans. The report explains many of Comstock’s other “green” initiatives, including mercury remediation, hemp-based fuels, and cellulosic fuels. Also, in the report, the analyst provides reasons for his current rating and price targets.

Take-Away

The pace of EVs expected to take to the highways over the next ten years, along with increasing needs for clean ion electricity storage, along the grid and in other applications, is stressing the supply and availability of lithium for manufacturing. Lithium mining is also a dirty process that is not considered environmentally friendly.

A growing solution is recycling which could provide an interesting opportunity for investors looking for alternative ways to be involved in the growth of the EV and green fuel initiatives.

Channelchek provides top-tier research to your inbox without the burden of a paywall; register now.

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:

Future for Lithium Prices Looks Strong Due to Expected Demand Growth for Evs

Lithium-Ion vs Hydrogen Fuel Cell

Investment Opportunities in Hydrogen

How Does the Buffett Gates Natrium Reactor Work?

 

Sources:

Noble Capital Markets Research
(11/12/21)

Research and Markets Li-ion Report

IEA’s Sustainable Development
Scenario

 

Stay up to date. Follow us:

	Image Credit: Steve Jurvetson (Flickr)

Lithium Recycling Market Expected to Boom 20% Per Year with Battery Demand

 

The skyrocketing use of batteries and growing plans to include lithium-ion (Li-ion) batteries as a solution to many of today’s environmental initiatives has challenges. Not the least of these is that the mining of lithium has a number of negative impacts on the environment. One of these is water pollution from chemical leakage. From these issues, a rapidly growing recycling industry is blooming. The rapidly expanding lithium battery recycling business helps manufacturers ensure a sufficient quantity of lithium and other components for the continued creation of batteries and other applications.

The Market

As the need for minerals and other materials for Li-ion batteries burgeons from EV growth, the need for li-ion battery recycling methods and facilities has dramatically increased. According to Research
and Markets the market for recycling these batteries was $161.4 million in 2020. It is expected to grow almost 20% a year and is estimated to be 614% larger in 2030. This falls in line with other expectations. According to the International Energy
Agency (IEA)’s Sustainable Development Scenario, the number of electric vehicles (excluding two- and three-wheelers) across the globe will increase to 245 million units by 2030, this, in turn, is expected to encourage the recycling of lithium-ion batteries to meet the future demand. Investors may find looking at companies involved in battery recycling, interesting and an alternative to expose your portfolio to the growth of EVs.

Investing
in Li-ion Recycling

One company accelerating its plans and making headway is Comstock Mining (LODE). Management has spent the last six months developing their capacity and expects to conduct lithium recycling in the first and second quarters of 2022. In a research report released today, Mark Reichmann, Noble Senior Natural Resources Analyst, discusses Comstock’s full transformation plans. The report explains many of Comstock’s other “green” initiatives, including mercury remediation, hemp-based fuels, and cellulosic fuels. Also, in the report, the analyst provides reasons for his current rating and price targets.

Take-Away

The pace of EVs expected to take to the highways over the next ten years, along with increasing needs for clean ion electricity storage, along the grid and in other applications, is stressing the supply and availability of lithium for manufacturing. Lithium mining is also a dirty process that is not considered environmentally friendly.

A growing solution is recycling which could provide an interesting opportunity for investors looking for alternative ways to be involved in the growth of the EV and green fuel initiatives.

Channelchek provides top-tier research to your inbox without the burden of a paywall; register now.

Paul Hoffman

Managing Editor, Channelchek

Suggested Reading:

Future for Lithium Prices Looks Strong Due to Expected Demand Growth for Evs

Lithium-Ion vs Hydrogen Fuel Cell

Investment Opportunities in Hydrogen

How Does the Buffett Gates Natrium Reactor Work?

 

Sources:

Noble Capital Markets Research
(11/12/21)

Research and Markets Li-ion Report

IEA’s Sustainable Development
Scenario

 

Stay up to date. Follow us:

 

Capstone Green Energy (Nasdaq:CGRN) To Provide Onsite Power System To Wastewater Treatment Facility

 

System Will Use Both Biogas and Natural Gas to Generate Electrical & Thermal Energy

VAN NUYS, CA / ACCESSWIRE / November 12, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), (“Capstone,” the “Company,” “we” or “us”), a global leader in carbon reduction and on-site resilient green energy solutions, today announced that its Distributor in Romania, Servelect, has signed a contract to provide a Combined Heat and Power (CHP) system to Compania Aquaserv S.A., a wastewater treatment plant operator in Mures County, Romania.

The new utility grid-connected system will be built utilizing one Capstone Green Energy C600S microturbine and one C200S microturbine. All the energy produced on-site will be used within the wastewater treatment plant. The C600S unit will be fueled by the biogas resulting from anaerobic fermentation of sludge, while the C200S unit will use high-pressure natural gas from the local Romanian Distribution Network Operator (DNO).

This green energy project was pursued as it became clear that the site’s existing internal combustion engine cogeneration plant was reaching the end of its lifecycle. At the same time, rising electricity prices combined with investment opportunities for wastewater treatment cogeneration projects made it an ideal time for Compania Aquaserv S.A. to look for a more efficient and advanced cogeneration technology. The project is funded by the European Economic Area (EEA) and Norwegian grants. The EEA and Norwegian grants represent the contribution of Iceland, Liechtenstein, and Norway to reduce economic and social disparities in the European Economic Area and to strengthen bilateral relations with the 15 beneficiary states in Eastern and Southern Europe and the Baltic States.

“Producing biogas from municipal wastewater sludge is a well-known and widely used approach,” said Csaba Bauer, Head of Wastewater Treatment Department of Compania Aquaserv S.A. “Compania Aquaserv S.A. has over 20 years of experience using biogas in cogeneration plants to cover its energy consumption and thermal needs. In this way, we can optimize our operational costs for public sewage service, making it more affordable for the public,” added Mr. Bauer.

The system will include two compressors that will increase the pressure of both the biogas and natural gas. To provide maximum efficiency, the two Capstone Green Energy CHP systems will be directed to a recovery boiler by a manifold; in addition, the hot water produced will be used in the sludge drying process. Together with the compressors and the recovery boiler, the two CHP units will be integrated within the site’s existing Supervisory Control and Data Acquisition (SCADA) system. This allows for both local and remote monitoring, as well as manual and automatic operating modes. All together, the system is designed to provide 800 kWe electric and 1500 kWth thermal power. It is expected to be commissioned in March 2022.

“We are very excited to implement one of the first Capstone Green Energy cogeneration plants within a wastewater treatment plant in Romania. Servelect has been Aquaserv’s reliable partner since the beginning of the project, starting with the feasibility study, elaboration of the financing application, and now with the technical design and the actual implementation of the project,” said Iulia Bargauan, General Director of Servelect. “The new system will provide Aquaserv with cost savings, energy efficiency, and reduced carbon emissions,” added Ms. Bargauan.

“Wastewater treatment plants are among the best candidates for this kind of highly efficient green energy project. Not only is biogas a free, renewable fuel source for producing heat and electricity, it also eliminates the waste gas, which could otherwise be a global warming pollutant,” said Darren Jamison, Chief Executive Officer of Capstone Green Energy. “The kind of energy efficiency we can achieve at sites like Aquaserv S.A. offers the potential for greater operational cost savings, and with the kind of incentives that are currently available in many regions, the return on investment can be substantial,” concluded Mr. Jamison.

About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee lifecycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company’s industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company’s microturbine energy systems.

For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated to be approximately $698 million in energy savings and approximately 1,115,100 tons of carbon savings.

For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.

Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company’s growth strategy and other statements regarding the Company’s expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as “expect,” “anticipate,” “believe,” “could,” “should,” “estimate,” “intend,” “may,” “will,” “plan,” “goal” and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company’s indebtedness; the Company’s ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company’s ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company’s future operating results, please see the Company’s filings with the Securities and Exchange Commission, including the disclosures under “Risk Factors” in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.

CONTACT:
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
ir@CGRNenergy.com

SOURCE: Capstone Green Energy Corporation

Thursday, November 11, 2021

Capstone Green Energy (CGRN)
Revenues are growing and becoming more stable

Capstone Green Energy Corp is the producer of low-emission microturbine systems.The company develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications. Capstone Turbine’s products include onboard generation for hybrid electric vehicles; conversion of oil field and biomass waste gases into electricity; combined heat, power, and chilling solutions; capacity addition; and standby power.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Quarterly revenues increased 15% y-o-y. Sales are shifting from lumpy Energy Generations Technology (EGT) sales to higher margin, stable Energy as a Service (EaaS). Quarterly sales of $17.2 million surpassed our estimate of $16.7 million. EaaS grew 57.0% while EGT sales declined 9.4%. New Gross Product Orders rose to $10.8 million, a 20% improvement over booking in the last September quarter, leading to a rise in the company’s book-to-bill ratio of 1.3-1 times.


Margins decreased as COVID cost reductions abate.  Gross margin were 15.8%, down from 17.2% last year and 16.5% last quarter. A reduction in costs last year due to travel reductions and overall belt tightening has begun to evaporate. Margins were also hurt by a build up in inventories, increased expenditure on part replacements, and a $0.8 million legal settlement. EGT margins have turned negative …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.