Gevo and Axens Ink Alliance for Ethanol-to-Jet Technology and Sustainable Aviation Fuel Commercial Project Development

 

ENGLEWOOD, Colo., Oct. 12, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) and Axens North America, Inc. (Axens) have entered into an agreement that establishes a strategic alliance aimed at accelerating the commercialization of sustainable ethanol-to-jet (ETJ) projects in the United States. As part of the alliance, Axens brings technologies with over 60 related patents; engineering packages; proprietary catalysts; and certain proprietary equipment required to convert ethanol into jet fuel. Axens would also provide process guarantees for commercial ETJ projects. Gevo expects to develop, own, and operate ETJ plants to produce sustainable aviation fuel (SAF), utilizing its expertise in renewable alcohol production and technologies; Net-Zero business model; project financing expertise; customer relationships, and contracts.

Axens has a long history of developing and commercializing best in class technology to convert olefins, such as ethylene, propylene, and butylene into hydrocarbon fuels and blend stocks such as gasoline, jet fuel, and diesel fuel:
 

• > 60 commercial olefin oligomerization technology deployments
• > 30 years of commercial operation
• Leader in the field of homogeneous catalysis research recognized by the 2005 Nobel award Prize in chemistry to IFPEN’s Yves Chauvin
• > 60 related patents across this technology chain
   

Instead of making olefins from petroleum, it is now possible to make them from ethanol and butanol, so the same commercially proven technologies can be deployed to make renewable hydrocarbon fuels.

“This agreement not only strengthens Axens’ existing relationship with Gevo that currently includes technology development and deployment in the isobutanol derived fuels, but reiterates Axens’ commitment to Gevo’s growth potential, while recognizing Axens’ innovative, commercially-proven, and differentiated technology bundle approach. Gevo’s approach makes it possible to decarbonize the ethanol supply chain and thus utilize technologies originally developed and well-proven for fossil-hydrocarbon production to produce renewable, drop-in fuels. Finally, we are convinced that Gevo’s breakthrough approach to scientifically tracking and accounting for carbon, emissions, and sustainability across the whole of the business system is a true differentiator that will enable growth of SAF production via carbohydrate derived alcohols,” said Jean Sentenac, Chief Executive Officer of Axens.

“Our customers want SAF and other low-carbon hydrocarbons sooner, rather than later. The collaboration between Gevo and Axens is expected to allow Gevo to rapidly partner with existing ethanol producers to deploy proven technologies at commercial scales consistent with the airline industry’s sustainability goals. We see that there is great potential to convert ethanol into SAF and other hydrocarbons. Additionally, there is synergy with Gevo proprietary isobutanol production technology that is expected to result in unique product blending synergies for producing low-carbon gasoline, SAF, and renewable diesel. We know from our work on the Net-Zero business model that it is possible to drive the fossil-based GHG and related emissions footprint very low or even negative while producing drop-in hydrocarbon fuels like SAF and we think the model can apply to ETJ too,” said Dr. Patrick R. Gruber, Chief Executive Officer of Gevo.

“Axens is a great partner. They have a lot of patents, expertise, and a track record of success with their technologies to convert olefins into hydrocarbons. In short, Axens de-risks the production technology. Gevo expects to build, own, and operate alcohol-to-jet plants alone or with partners. To any ethanol plant owners out there who want to change their game and get into Net-Zero type SAF and hydrocarbons, please give us a call,” continued Dr. Gruber.

About Gevo, Inc.

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’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 Axens

Axens ( www.axens.net ) is a group providing a complete range of solutions for the conversion of oil and biomass to cleaner fuels, the production and purification of major petrochemical intermediates, as well as natural gas treatment and conversion options. The products and services offered include technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is ideally positioned to cover the entire value chain from feasibility study to unit start-up and follow-up throughout the entire unit cycle life. This unique position ensures the highest level of performance with a reduced environmental footprint. Axens global product and services are based on highly trained human resources, modern production facilities and an extended global network for industrial, technical support & commercial services. Axens is an IFP Group company.

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 agreement and alliance between Gevo and Axens for Ethanol-to-Jet Technology and Sustainable Aviation Fuel Commercial Project Development, Gevo’s expertise in renewable alcohol production and technologies; Gevo’s Net-Zero business model; Gevo’s project financing expertise and customer relationships, Gevo’s contracts and ability to enter into new contracts; 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.

Investor and Media Contact

+1 720-647-9605

[email protected]

	Image Credit: Homeland Security Newswire

Chinese Thorium Power Plant May Challenge Nuclear Expectations

 

The nuclear energy industry has recently unveiled tremendous new potential and expects many more positive changes. From nuclear batteries, to natrium salt reactors, to modular units, the high output and low to no carbon appeal of nuclear has again put uranium fueled solutions at the forefront of many energy discussions. Investors are also finding different ways to benefit from the nuclear renaissance and increased fuel demand. Whether it be through investing in mining companies, derivative-based funds, or even physical delivery, there’s excitement and speculation around anticipated growth. But what if Warren Buffett, Bill Gates, Eric Sprott and others are right about a nuclear future but wrong about what will fuel it?

One of the many nuclear variations being built and trialed is ready to go online. This plant may completely alter the expected course many now have for nuclear power — and it may not include uranium.

New Fuel, New Options

One typically doesn’t build a nuclear-fired power plant in the desert. Water used as a coolant has always been an important component. However, in a province called Wuwei in the Gobi Desert, the Chinese are in the testing stage of an experimental reactor. This nuclear reactor will use thorium as fuel. Thorium also needs a companion metal to react with; this could either be spent plutonium or uranium. The technology on which the plant was designed has been known since the sixties. China could soon be in the position to benefit from this abundant alternative fuel.

What is Thorium?

Thorium is a radioactive metal that presents itself naturally in rocks. At the moment, it isn’t used for much. However, thorium is a by-product of mining rare earth minerals. Mining rare earth minerals is being done across the globe with increased capacity to satisfy the world’s appetite for clean energy storage. This makes thorium increasingly available.

Compared to the cost, efficiency, and availability of uranium, thorium has some advantages. According to the Nobel Prize winner in Physics (1984), Carlo Rubbia, the comparison of the energy produced by one tonne of thorium fission would be equivalent to about 200 tonnes of uranium. Since 7 grams of uranium is equivalent to about one tonne of coal, one tonne of thorium would replace about 28 million tonnes of coal. The ability to reduce carbon-emitting coal use is only the beginning of the benefits foreseen.

One tonne of thorium is a sphere just shy of 22 inches in diameter. A smaller sphere of thorium the size of a tennis ball could electrify London’s nine million homes and businesses for a week. The earth’s thorium reserves could be expected to supply the planet’s energy needs for tens of thousands of years.

As far as contamination and waste, thorium plants have the potential to generate a much smaller amount of shorter-life radioactive waste than reactors now in use. The waste volume is estimated to be 1/35 for the same energy output. Because of a shorter half-life, of the spent thorium, compared to spent uranium, 99.99% of the waste would be stable in 300 years, rather than tens of thousands for U235.

About the Reactors

The process of the reactor is different than traditional power stations, so new plants from the ground up are needed to use thorium; they are not interchangeable. Much like the natrium reactor demonstration project to be built in Wyoming, the cooling process can be salt-based and therefore avoid the need to be near a body of water.  According to Nature.com, the Chinese reactor will use fluoride-based salts. These will melt into a transparent liquid when heated to around 840 degrees (Fahrenheit). This salt serves as the coolant as well as the storer of heat energy for the reactor core. It allows the reactors can be installed in isolated and dry areas.

The Chinese pilot reactor is the first thorium molten salt reactor to operate since 1969. At that time, U.S. scientists shut down the first thorium reactor at the Oak Ridge National Lab in Tennessee after the program was canceled. The Chinese plant copied the Oak Ridge design but improved by drawing on decades of innovation in manufacturing, materials, and instrumentation.

Take-Away

The future is never certain. Innovation, competition, and new discoveries disrupt trends. The new thorium plant may pave the way for co-existing technologies to generate energy from uranium and other mineral reactions, just as fossil fuels (coal, oil, natural gas) co-exist and pull the weight for today’s energy needs.

If successful, the new plant ushers in an era where, for the first time in human history, electricity generation can be counted on for tens of thousands of years. This would be bullish for the human race and worth watching.

Suggested Reading:

Nuclear Powers New Paradigm Includes Microreactors

Can You Invest in Uranium Directly?

How Does the Gates/Buffett Natrium Reactor Work?

Recipe for Higher Uranium Prices

 

Sources:

https://www.nature.com/articles/d41586-021-02459-w

https://www.theguardian.com/us-news/2021/jun/03/bill-gates-warren-buffett-new-nuclear-reactor-wyoming-natrium

https://www.nature.com/articles/d41586-021-02459-w

https://world-nuclear.org/information-library/current-and-future-generation/thorium.aspx

https://www.france24.com/en/asia-pacific/20210912-why-china-is-developing-a-game-changing-thorium-fuelled-nuclear-reactor

https://vittana.org/16-big-thorium-reactor-pros-and-cons
https://www.homelandsecuritynewswire.com/chinas-nuclear-power-expansion-based-thorium

 

Stay up to date. Follow us:

Gevo and Axens Ink Alliance for Ethanol-to-Jet Technology and Sustainable Aviation Fuel Commercial Project Development

 

ENGLEWOOD, Colo., Oct. 12, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) and Axens North America, Inc. (Axens) have entered into an agreement that establishes a strategic alliance aimed at accelerating the commercialization of sustainable ethanol-to-jet (ETJ) projects in the United States. As part of the alliance, Axens brings technologies with over 60 related patents; engineering packages; proprietary catalysts; and certain proprietary equipment required to convert ethanol into jet fuel. Axens would also provide process guarantees for commercial ETJ projects. Gevo expects to develop, own, and operate ETJ plants to produce sustainable aviation fuel (SAF), utilizing its expertise in renewable alcohol production and technologies; Net-Zero business model; project financing expertise; customer relationships, and contracts.

Axens has a long history of developing and commercializing best in class technology to convert olefins, such as ethylene, propylene, and butylene into hydrocarbon fuels and blend stocks such as gasoline, jet fuel, and diesel fuel:
 

• > 60 commercial olefin oligomerization technology deployments
• > 30 years of commercial operation
• Leader in the field of homogeneous catalysis research recognized by the 2005 Nobel award Prize in chemistry to IFPEN’s Yves Chauvin
• > 60 related patents across this technology chain
   

Instead of making olefins from petroleum, it is now possible to make them from ethanol and butanol, so the same commercially proven technologies can be deployed to make renewable hydrocarbon fuels.

“This agreement not only strengthens Axens’ existing relationship with Gevo that currently includes technology development and deployment in the isobutanol derived fuels, but reiterates Axens’ commitment to Gevo’s growth potential, while recognizing Axens’ innovative, commercially-proven, and differentiated technology bundle approach. Gevo’s approach makes it possible to decarbonize the ethanol supply chain and thus utilize technologies originally developed and well-proven for fossil-hydrocarbon production to produce renewable, drop-in fuels. Finally, we are convinced that Gevo’s breakthrough approach to scientifically tracking and accounting for carbon, emissions, and sustainability across the whole of the business system is a true differentiator that will enable growth of SAF production via carbohydrate derived alcohols,” said Jean Sentenac, Chief Executive Officer of Axens.

“Our customers want SAF and other low-carbon hydrocarbons sooner, rather than later. The collaboration between Gevo and Axens is expected to allow Gevo to rapidly partner with existing ethanol producers to deploy proven technologies at commercial scales consistent with the airline industry’s sustainability goals. We see that there is great potential to convert ethanol into SAF and other hydrocarbons. Additionally, there is synergy with Gevo proprietary isobutanol production technology that is expected to result in unique product blending synergies for producing low-carbon gasoline, SAF, and renewable diesel. We know from our work on the Net-Zero business model that it is possible to drive the fossil-based GHG and related emissions footprint very low or even negative while producing drop-in hydrocarbon fuels like SAF and we think the model can apply to ETJ too,” said Dr. Patrick R. Gruber, Chief Executive Officer of Gevo.

“Axens is a great partner. They have a lot of patents, expertise, and a track record of success with their technologies to convert olefins into hydrocarbons. In short, Axens de-risks the production technology. Gevo expects to build, own, and operate alcohol-to-jet plants alone or with partners. To any ethanol plant owners out there who want to change their game and get into Net-Zero type SAF and hydrocarbons, please give us a call,” continued Dr. Gruber.

About Gevo, Inc.

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’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 Axens

Axens ( www.axens.net ) is a group providing a complete range of solutions for the conversion of oil and biomass to cleaner fuels, the production and purification of major petrochemical intermediates, as well as natural gas treatment and conversion options. The products and services offered include technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is ideally positioned to cover the entire value chain from feasibility study to unit start-up and follow-up throughout the entire unit cycle life. This unique position ensures the highest level of performance with a reduced environmental footprint. Axens global product and services are based on highly trained human resources, modern production facilities and an extended global network for industrial, technical support & commercial services. Axens is an IFP Group company.

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 agreement and alliance between Gevo and Axens for Ethanol-to-Jet Technology and Sustainable Aviation Fuel Commercial Project Development, Gevo’s expertise in renewable alcohol production and technologies; Gevo’s Net-Zero business model; Gevo’s project financing expertise and customer relationships, Gevo’s contracts and ability to enter into new contracts; 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.

Investor and Media Contact

+1 720-647-9605

[email protected]

 

Capstone Green Energy (NASDAQ:CGRN) Announces Four New Long-Term Clean Energy Microturbine Rental Agreements and Intends to Expand its Rental Fleet From 13.1 MW to 17.1 MW by December 31, 2021

 

The Four New Contracts, From Four New Customers, Total 3.2 MW

VAN NUYS, CA / ACCESSWIRE / October 11, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) (“Capstone” or the “Company”), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it has entered into four new long-term rental contracts with four new end-use customers in the hospitality and industrial grow house markets.

By offering customers Energy as a Service, Capstone Green Energy is strengthening its commitment to creating smarter energy for a cleaner future, as carbon reduction continues to have ever-increasing value to global customers.

The four contracts represent 3.2 MW of clean energy systems, and as a result, the Company plans to expand its current long-term rental fleet from today’s 13.1 MW to 17.1 MW by December 31, 2021. Management has previously set a target to increase the new long-term rental fleet to 21.1 MW by the end of its current fiscal year, March 31, 2022.

“Capstone Green Energy continues to expand its Energy as a Service (EaaS) business, including its long-term rental program, which is an important element in achieving our near term profitability goals as rentals generate higher contribution margin rates than traditional product sales,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “With these four new long-term contracts, the Capstone microturbine rental fleet is expected to be expanded to 17.1 MW, which is well on our way to achieving our goal of expanding to 21.1 MW by March 31, 2022,” 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 life-cycle costs, as well as aftermarket parts. Energy Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, 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: [email protected]. 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 at 1,115,100 tons of carbon and $698 million in annual energy 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
[email protected]

SOURCE: Capstone Green Energy Corporation

 

Capstone Green Energy (NASDAQ:CGRN) Announces Four New Long-Term Clean Energy Microturbine Rental Agreements and Intends to Expand its Rental Fleet From 13.1 MW to 17.1 MW by December 31, 2021

 

The Four New Contracts, From Four New Customers, Total 3.2 MW

VAN NUYS, CA / ACCESSWIRE / October 11, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN) (“Capstone” or the “Company”), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it has entered into four new long-term rental contracts with four new end-use customers in the hospitality and industrial grow house markets.

By offering customers Energy as a Service, Capstone Green Energy is strengthening its commitment to creating smarter energy for a cleaner future, as carbon reduction continues to have ever-increasing value to global customers.

The four contracts represent 3.2 MW of clean energy systems, and as a result, the Company plans to expand its current long-term rental fleet from today’s 13.1 MW to 17.1 MW by December 31, 2021. Management has previously set a target to increase the new long-term rental fleet to 21.1 MW by the end of its current fiscal year, March 31, 2022.

“Capstone Green Energy continues to expand its Energy as a Service (EaaS) business, including its long-term rental program, which is an important element in achieving our near term profitability goals as rentals generate higher contribution margin rates than traditional product sales,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “With these four new long-term contracts, the Capstone microturbine rental fleet is expected to be expanded to 17.1 MW, which is well on our way to achieving our goal of expanding to 21.1 MW by March 31, 2022,” 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 life-cycle costs, as well as aftermarket parts. Energy Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, 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: [email protected]. 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 at 1,115,100 tons of carbon and $698 million in annual energy 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
[email protected]

SOURCE: Capstone Green Energy Corporation

Friday, October 08, 2021

Gevo (GEVO)
FEED Contractor and Likely EPC Contractor Identified

Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment and the Gevo Development/Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel, its Retrofit process and the next generation of chemicals and biofuels that will be based on its isobutanol technology. Gevo Development/Agri-Energy is the key revenue generating segment which involves the operation of the Luverne Facility and production of ethanol, isobutanol and related products.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

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

Kiewit Energy Group leading FEED work and likely to be EPC contractor. Another sign of progress on moving Net Zero concept forward. Kiewit Energy Group, a leading US-based engineering company with extensive energy industry experience, will take over and now lead the FEED effort. Kiewit Energy Group was also identified as the likely Engineering, Procurement, Construction (EPC) contractor. The narrowing of the -/+ factor on plant costs should accelerate now that the likely EPC contractor has been identified.


Letter of intent (LOI) with Chevron (CVX) remains a game changer.  Not only does the addition of a major integrated oil company as a major partner and co-investor validate the renewable fuel concept, visibility improves on the funding and off-take fronts. The LOI is subject to finalizing terms of the co-investment and fuel supply agreements by May 31, 2022 …

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. 

 

Capstone Green Energy (NASDAQ:CGRN) To Present at LD Micro Main Event

 

VAN NUYS, CA / ACCESSWIRE / October 8, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it will be presenting at the 14^th annual Main Event on Tuesday, October 12, 2021 at 10:00 AM PT (1:00 PM ET) at the Luxe Sunset Bel-Air in Los Angeles.

“We are honored to be back in person with some of the finest companies and investors in the small-cap world. After nearly two years, I for one, cannot wait to reconnect both as an executive, event coordinator, and investor,” stated Chris Lahiji, Founder of LD Micro.

“After nearly two years of conducting investor meetings and presentations virtually due to the COVID-19 Pandemic, I am excited to be able to meet with the investment community in person,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “I am looking forward to discussing our transition to Capstone Green Energy, our growing Energy as a Service model, and our broadened product and service offerings,” added Jamison.

Darren Jamison, Capstone’s President and Chief Executive Officer, and Eric Hencken, Capstone’s Chief Financial Officer, will be conducting one-on-one virtual meetings with qualified professional investors throughout the conference day. To register and schedule a time with management, please register here.

Supporting presentation materials will be available on the day of the conference by visiting the Investor Relations section of the Company’s website at www.CapstoneGreenEnergy.com.

Event: Capstone Green Energy Presentation at the LD Micro Main Event

Date: Tuesday, October 12, 2021

Time: 10:00 AM PT (1:00 PM ET)

Register to watch the virtual presentation here.

The webcast and archive of the event presentation will be available using the webcast link above.

Summary of LD Micro Invitational XI Event
The 2021 LD Micro Main Event will be held at the Luxe Sunset Bel-Air in Los Angeles from Tuesday, October 12th to Thursday, October 14th.

The festivities run from 8:00 AM-5:30 PM PT on the 12^th and 13^th with a morning session on the 14^th.

This three-day, investor conference is expected to feature around 150 companies, presenting for 25 minutes each, as well as several influential keynotes in person.

For more info, please contact [email protected]

About LD Micro (SRAX)
LD Micro aims to be the most crucial resource in the micro-cap world. Whether it is the index, comprehensive data, or hosting the most significant events on an annual basis, LD’s sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies.

http://www.ldmicro.com

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 Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, 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: [email protected]. 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 at 1,115,100 tons of carbon and approximately $698 million in annual energy 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, and the Company’s presentation and responses to questions at the LD Micro Invitational XI virtual investor conference will contain, 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
[email protected]

SOURCE: Capstone Green Energy Corporation

 

Capstone Green Energy (NASDAQ:CGRN) To Present at LD Micro Main Event

 

VAN NUYS, CA / ACCESSWIRE / October 8, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that it will be presenting at the 14^th annual Main Event on Tuesday, October 12, 2021 at 10:00 AM PT (1:00 PM ET) at the Luxe Sunset Bel-Air in Los Angeles.

“We are honored to be back in person with some of the finest companies and investors in the small-cap world. After nearly two years, I for one, cannot wait to reconnect both as an executive, event coordinator, and investor,” stated Chris Lahiji, Founder of LD Micro.

“After nearly two years of conducting investor meetings and presentations virtually due to the COVID-19 Pandemic, I am excited to be able to meet with the investment community in person,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “I am looking forward to discussing our transition to Capstone Green Energy, our growing Energy as a Service model, and our broadened product and service offerings,” added Jamison.

Darren Jamison, Capstone’s President and Chief Executive Officer, and Eric Hencken, Capstone’s Chief Financial Officer, will be conducting one-on-one virtual meetings with qualified professional investors throughout the conference day. To register and schedule a time with management, please register here.

Supporting presentation materials will be available on the day of the conference by visiting the Investor Relations section of the Company’s website at www.CapstoneGreenEnergy.com.

Event: Capstone Green Energy Presentation at the LD Micro Main Event

Date: Tuesday, October 12, 2021

Time: 10:00 AM PT (1:00 PM ET)

Register to watch the virtual presentation here.

The webcast and archive of the event presentation will be available using the webcast link above.

Summary of LD Micro Invitational XI Event
The 2021 LD Micro Main Event will be held at the Luxe Sunset Bel-Air in Los Angeles from Tuesday, October 12th to Thursday, October 14th.

The festivities run from 8:00 AM-5:30 PM PT on the 12^th and 13^th with a morning session on the 14^th.

This three-day, investor conference is expected to feature around 150 companies, presenting for 25 minutes each, as well as several influential keynotes in person.

For more info, please contact [email protected]

About LD Micro (SRAX)
LD Micro aims to be the most crucial resource in the micro-cap world. Whether it is the index, comprehensive data, or hosting the most significant events on an annual basis, LD’s sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies.

http://www.ldmicro.com

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 Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, 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: [email protected]. 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 at 1,115,100 tons of carbon and approximately $698 million in annual energy 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, and the Company’s presentation and responses to questions at the LD Micro Invitational XI virtual investor conference will contain, 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
[email protected]

SOURCE: Capstone Green Energy Corporation

 

Capstone Green Energy (NASDAQ:CGRN) Awarded Two Megawatt CCHP Order for Multi-State Industrial Grow Operator and Secures 20 Year Service Plan

 

The 2 Megawatt CCHP System Will Work in Parallel With the Local Utility and Produce 880 Nominal Tons of Cooling Capacity To Be Distributed Throughout Operator’s Maryland Facility

VAN NUYS, CA / ACCESSWIRE / October 7, 2021 / Capstone Green Energy Corporation (www.CapstoneGreenEnergy.com) (NASDAQ:CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today it has secured a contract for two C1000S microturbines for a state-of-the-art energy system for an industrial grow operator’s Maryland cultivation and processing facility.

The order, secured by E-Finity Distributed Generation (www.e-finity.com), Capstone’s exclusive distributor for the Mid-Atlantic, Southeastern United States, and the Caribbean, is expected to be commissioned in the summer of 2022.

Two Capstone natural gas-fueled C1000 Signature Series microturbine energy systems will use their waste heat for two exhaust-fired absorption chillers that will produce 880 tons of chilled water to be used for space conditioning of the 90,000 square foot facility. The resilient system will be capable of islanding from the electric utility in the case of a power outage and should provide continuous operation to the grow facility.

“The combined heat and power (CHP) plant is designed to meet the facility’s strict cooling demand while protecting the customer from the high operational costs of operating a chilled water plant,” said Tom McGeehan, E-Finity’s Vice President of Sales.

The system is expected to save the customer millions of dollars over the life of the product and to reduce emissions by over 13 million pounds of CO2 per year, which is equivalent to removing over 1,110 cars from the road.

“We continue to see an increase in project opportunities in the global industrial grow house and greenhouse industry as they are realizing maximum benefits from on-site green energy, including cost savings and increased resiliency,” said Darren Jamison, Capstone Green Energy President and Chief Executive Officer. “While both of these are critical for efficient operations, our green energy systems also offer significant environmental benefits,” 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 life-cycle costs, as well as aftermarket parts. Energy Conversion Products 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 Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, 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: [email protected]. 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 at 1,115,100 tons of carbon and $698 million in annual energy 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
[email protected]

SOURCE: Capstone Green Energy Corporation

Gevo Partners with Engineering, Procurement, and Construction (EPC) Giant, Kiewit, on its Net-Zero 1 Project

 

ENGLEWOOD, Colo., Oct. 07, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce it has engaged Kiewit Energy Group Inc. to lead the Front End Engineering Design (FEED) effort for its Net-Zero 1 Project in Lake Preston, South Dakota. Kiewit Energy Group Inc. is part of Kiewit Corporation, one of the top five contractors in the U.S. with vast experience in virtually every energy segment. This includes extensive work on energy-transition projects such as biofuel plants, geothermal plants, solar farms, and building the first offshore wind substation project in the U.S., as well as a wide range of projects for large oil-and-gas companies. Gevo expects Kiewit Energy Group Inc. will fulfill the engineering, procurement, and construction (EPC) role in the project once the FEED phase is complete.

“Kiewit’s comprehensive construction and engineering capabilities match its tremendous project experience in the energy sector, specifically the clean energy sector,” said Dr. Chris Ryan, President and Chief Operating Officer of Gevo, Inc. “Working with a firm like this, we expect to reduce execution risk on the Net-Zero 1 Project while increasing our capability to build out multiple net zero plants as the market demands—good news for our growing list of customers, shareholders, and folks who care about the environment.”

Kiewit is considered one of the leading construction and engineering firms in North America. Founded in 1884, the company has grown to more than 27,000 dedicated staff and skill craft workers. Active in markets across the industrial, mining, energy, building and transportation sectors, Kiewit had revenues of $12.5 billion in 2020 and has extensive experience delivering small-scale projects up to multi-billion-dollar programs.

”We’re very pleased that Gevo selected us to bring our design, engineering and construction expertise to support this innovative, important clean energy project,” said Ben Bentley, executive vice president, Kiewit Energy Group Inc. “We’ve seen firsthand Gevo’s strategic plans and commitment to help bring this and other net zero plants to market. We’re excited to deliver on this contract and expand our partnership in the coming years with a leader in this growing sector.”

Kiewit is a leader in safety and quality and committed to environmental stewardship. Kiewit is led by experienced managers at all levels, and its LEED®-accredited professionals are trained to achieve green objectives and support green designs. The firm has delivered more than 500 energy transition projects in virtually every energy market segment ranging from renewable and alternative fuels to energy storage and carbon capture, to chemical recycling and renewable power. With deep expertise in, and an understanding of, the technology necessary to build first-of-its-kind facilities, Kiewit is known for its leadership and ability to deliver complex projects. The company also has one of the largest and most modern, privately owned equipment fleets in North America.

“Kiewit’s ability to self-perform set them apart for us,” Dr. Ryan says. “And because the firm is large enough to take on multiple large projects, it will be capable of meeting our needs as we enter the expected next phase of our business.”

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’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 Kiewit

Kiewit is one of North America’s largest and most respected construction and engineering organizations. With its roots dating back to 1884, the employee-owned organization operates through a network of subsidiaries in the United States, Canada, and Mexico. Kiewit offers construction and engineering services in a variety of markets including transportation; oil, gas and chemical; power; building; water/wastewater; industrial; and mining. Kiewit had 2020 revenues of $12.5 billion and employs 27,000 staff and craft employees.

Learn more at Kiewit’s website: www.kiewit.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 Kiewit engineering and construction for Net-Zero 1 FEED phase and beyond, the production of 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.

Investor and Media Contact

+1 720-647-9605

[email protected]

Gevo Partners with Engineering, Procurement, and Construction (EPC) Giant, Kiewit, on its Net-Zero 1 Project

 

ENGLEWOOD, Colo., Oct. 07, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to announce it has engaged Kiewit Energy Group Inc. to lead the Front End Engineering Design (FEED) effort for its Net-Zero 1 Project in Lake Preston, South Dakota. Kiewit Energy Group Inc. is part of Kiewit Corporation, one of the top five contractors in the U.S. with vast experience in virtually every energy segment. This includes extensive work on energy-transition projects such as biofuel plants, geothermal plants, solar farms, and building the first offshore wind substation project in the U.S., as well as a wide range of projects for large oil-and-gas companies. Gevo expects Kiewit Energy Group Inc. will fulfill the engineering, procurement, and construction (EPC) role in the project once the FEED phase is complete.

“Kiewit’s comprehensive construction and engineering capabilities match its tremendous project experience in the energy sector, specifically the clean energy sector,” said Dr. Chris Ryan, President and Chief Operating Officer of Gevo, Inc. “Working with a firm like this, we expect to reduce execution risk on the Net-Zero 1 Project while increasing our capability to build out multiple net zero plants as the market demands—good news for our growing list of customers, shareholders, and folks who care about the environment.”

Kiewit is considered one of the leading construction and engineering firms in North America. Founded in 1884, the company has grown to more than 27,000 dedicated staff and skill craft workers. Active in markets across the industrial, mining, energy, building and transportation sectors, Kiewit had revenues of $12.5 billion in 2020 and has extensive experience delivering small-scale projects up to multi-billion-dollar programs.

”We’re very pleased that Gevo selected us to bring our design, engineering and construction expertise to support this innovative, important clean energy project,” said Ben Bentley, executive vice president, Kiewit Energy Group Inc. “We’ve seen firsthand Gevo’s strategic plans and commitment to help bring this and other net zero plants to market. We’re excited to deliver on this contract and expand our partnership in the coming years with a leader in this growing sector.”

Kiewit is a leader in safety and quality and committed to environmental stewardship. Kiewit is led by experienced managers at all levels, and its LEED®-accredited professionals are trained to achieve green objectives and support green designs. The firm has delivered more than 500 energy transition projects in virtually every energy market segment ranging from renewable and alternative fuels to energy storage and carbon capture, to chemical recycling and renewable power. With deep expertise in, and an understanding of, the technology necessary to build first-of-its-kind facilities, Kiewit is known for its leadership and ability to deliver complex projects. The company also has one of the largest and most modern, privately owned equipment fleets in North America.

“Kiewit’s ability to self-perform set them apart for us,” Dr. Ryan says. “And because the firm is large enough to take on multiple large projects, it will be capable of meeting our needs as we enter the expected next phase of our business.”

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’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 Kiewit

Kiewit is one of North America’s largest and most respected construction and engineering organizations. With its roots dating back to 1884, the employee-owned organization operates through a network of subsidiaries in the United States, Canada, and Mexico. Kiewit offers construction and engineering services in a variety of markets including transportation; oil, gas and chemical; power; building; water/wastewater; industrial; and mining. Kiewit had 2020 revenues of $12.5 billion and employs 27,000 staff and craft employees.

Learn more at Kiewit’s website: www.kiewit.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 Kiewit engineering and construction for Net-Zero 1 FEED phase and beyond, the production of 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.

Investor and Media Contact

+1 720-647-9605

[email protected]