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News
Qualitrol Breaks Ground on Fairport Manufacturing Expansion to Double Capacity
1+ hour, 17+ min ago (319+ words) Qualitrol has broken ground on a 50,000-square-foot expansion of its headquarters and primary manufacturing facility in Fairport, New York, a project expected to more than double production capacity for equipment used to monitor and protect critical electrical infrastructure. Construction is…...
T. Rowe Price Leads $750M for Form Energy’s Push Toward Iron-Air Batteries for Grid Storage
3+ hour, 39+ min ago (383+ words) Somerville, Mass.-based Form Energy has raised $750 million in a Series G financing led by T. Rowe Price, taking the long-duration energy storage company’s total equity funding above $2 billion. New investors include Sequoia Capital, Janus Henderson, Franklin Templeton and PEAK6 Investments, while…...
International Battery Metals Appoints Scott Colangelo to Board of Directors
19+ hour, 13+ min ago (273+ words) International Battery Metals Ltd. has appointed financial services executive Scott Colangelo to its Board of Directors, adding more than 25 years of investment management, fiduciary and corporate leadership experience as the company advances its direct lithium extraction technology. Colangelo’s appointment became…...
LPL Solar Promotes Ashley Little to President as Project Portfolio Expands
22+ hour, 58+ min ago (524+ words) LPL Solar LLC has promoted Ashley Little to president, expanding her responsibility for strategic operations and project execution across the Fort Lauderdale, Florida-based contractor as demand for utility-scale solar and energy storage infrastructure continues to drive large, increasingly complex construction…...
Arlington Capital Partners Portfolio Company Kinetic Engine Systems Names Ty Mortensen CEO to Scale Aerospace Manufacturing
2+ day, 39+ min ago (462+ words) Kinetic Engine Systems, an Arlington Capital Partners portfolio company and Tier 1 supplier of aerospace and defense engine components, has appointed Ty Mortensen chief executive officer as the manufacturer prepares for its next phase of operational growth across its U.S. and Mexico…...
DC Buildings Face a Costly Choice: Cut Energy Use or Pay Up
1+ day, 20+ hour ago (1538+ words) After digging into the requirements, Gibbons realized the West End condominium could be facing a major financial problem. “We were looking at $3.1 million in fines,” he says. “It scared me. It seemed like there was no hope.” Columbia Residences, housed…...
SpaceX-Tesla Deal Could Unlock Hundreds of Billions in Musk Compensation
2+ day, 19+ min ago (524+ words) A potential SpaceX acquisition of Tesla could significantly simplify the requirements Elon Musk must meet to collect hundreds of billions of dollars in stock under his record-setting compensation package, according to The Wall Street Journal. Tesla shareholders approved the compensation…...
Doral Renewables Secures $400 Million Equity Investment to Accelerate U.S. Growth
3+ day, 54+ min ago (378+ words) Doral Renewables has signed a $400 million common equity investment from Doral Group Renewable Energy Resources Ltd. (TASE: DORL), providing additional capital to advance the Philadelphia-based renewable energy developer’s utility-scale solar and battery storage pipeline across the United States. The investment…...
Veritas Capital to Acquire Saber Power Services, Expanding Power Infrastructure Investment Platform
1+ week, 1+ hour ago (585+ words) citybiz Veritas Capital has entered into a definitive agreement to acquire Houston-based Saber Power Services LLC from Greenbelt Capital Management, positioning the private equity firm to capitalize on accelerating investment in U.S. power infrastructure as electricity demand continues to rise. Financial…...
Fieldston Power Preserves $200 Million Development Pipeline Through Strategic Equipment Financing
1+ week, 1+ day ago (139+ words) Fieldston Power today announced it has completed a strategic Safe Harbor transaction preserving the economics behind more than $200 million in planned distributed energy infrastructure investment across New York City. Building a New Capital Model for Urban Energy Infrastructure Plural began…...