Friday, January 28, 2022

#EV and #Battery #Stocks in the News (TSXV: $NBM.V) (OTC: $NBMFF), (NASDAQ: $RIVN), (NASDAQ: $LCID), (NYSE: $F), (NYSE: $GM) @neo_battery @Rivian @LucidMotors @Ford @GM

#EV and #Battery #Stocks in the News (TSXV: $NBM.V) (OTC: $NBMFF), (NASDAQ: $RIVN), (NASDAQ: $LCID), (NYSE: $F), (NYSE: $GM) @neo_battery @Rivian @LucidMotors @Ford @GM

#BatteryMakers and #Automakers Making #ElectricVehicles a Reality

Vancouver, Kelowna, Delta, BC –January 28, 2022 - Investorideas.com, a leading investor news resource covering EV and battery technology stocks releases a special report featuring NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF), a Vancouver-based company focused on battery materials. The ongoing chip and battery shortages are leading battery makers to innovate and look for new alternatives, while EV manufacturers continue to struggle to meet demand.

 

Read this article, featuring NBM in full at https://www.investorideas.com/news/2022/renewable-energy/01281EV-Battery-Stocks.asp

 

A recent CNBC article discussed expectations for the EV market saying, “If 2021 was the year for electric vehicle stocks, 2022 is the year for actual deliveries. Investor money this year poured into Rivian and Lucid Motors, valuing the EV companies at a combined $150 billion. Neither company has generated meaningful revenue and they’ve just begun getting keys into the hands of consumers.”

 

“The question is going to be who starts production and is able to convert this interest and the investments in the brand into deliveries and happy customers,” said Vitaly Golomb, a tech investment banker who focuses on EVs at Drake Star Partners.That’s really the next phase.”

 

NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF), a company looking to address the battery shortage, recently announced that the Company has successfully received the final site approval by the Province of Gyeonggi to construct the commercial plant facility of NEO's patented silicon anode materials, NBMSiDE, for electric vehicle lithium-ion batteries.

 

Through NEO Battery Materials Korea Co., Ltd., a wholly-owned subsidiary of NEO, the Company secured land with approximately an area of 106,700 square feet, or 2.5 acres, for the initial phase of the NBMSiDE Commercial Plant Facility.

 

NEO initiated the site search in August of 2021 after the announcement of a strategic decision made to construct its silicon anode commercial plant in South Korea. After intensive research, communication, and negotiations with 2 provincial authorities, NEO had decided to apply to Gyeonggi-do. NBM Korea has qualified an extensive and strict due-diligence process by the Province's authorities and the Foreign Investment Review Board based on NEO's commercialization timeline, viability and economic impact of the business with regards to the current battery materials industry and its downstream products, and various background reviews and stress tests.

 

NEO's benefited land is situated in an industrial complex known as Oseong International (Foreign) Investment Zone in Pyeongtaek City, in which the land is designated solely for the use of foreign investment companies qualified by the Province of Gyeonggi. As a qualified company, NEO is entitled to several benefits and subsidies that will translate into both drastic cost savings in the short- and long-term for the anode material plant facility. The benefits include a 99% reduction of annual lease payments (or a payment of 1% of the officially assessed land value) with a long-term-based lease contract, and further to it, the annual lease payment can be immediately minimized to zero after the completion of the plant construction and fulfillment of requirements by the Province. The maximum lease period for the land is 50 years.

 

The Company may also access various tax incentives and active collaboration activities with the Province to promote NEO's business in South Korea and overseas. Corporation tax, income tax, land transfer tax, and customs taxes may be fully exempted for 5 years and may be reduced by 50% for an additional two years. NEO could also access provincial financial support for equipment purchases, employment subsidies, and education/training subsidies.

 

Mr. Spencer Huh, President and CEO of NEO said, "We are more than happy about the site approval. Our NEO and NBM Korea team have been eager and diligent to receive approval from the Province of Gyeonggi for the past 3 months as this site in the Foreign Investment Zone was the only remaining land apportioned for companies operating in the battery materials industry. Despite our status as a micro-small capitalization foreign company compared to existing sizeable businesses in the Oseong Zone, NEO was approved by Gyeonggi Province and the Foreign Investment Review Board. For the past 2 months, during the review and due-diligence process from the Province, we had actively held dialogue with the Province's officials and representatives to respond and fulfill any requests for further investigation."

 

"We strongly believe that the Province highly appreciated and held confidence in our clear roadmap of NEO's silicon anode, NBMSiDE, commercialization plan along with our proprietary technology and our high managerial capacity accustomed to the lithium-ion battery industry. We greatly thank Gyeonggi-do for returning a decision for approval much faster than our expectation, and we also thank our NEO team and our valued shareholders for the committed trust and patience," added Mr. Huh.

 

Gyeonggi Province's Oseong International Investment Zone is a complex-type industrial park that captures 3.9 million square feet of land and houses foreign-invested companies such as Korea Superfreeze Inc. - a logistics business that retains a facility for COVID vaccine, import, and hydrogen fuel cell distribution. The Oseong Zone possesses exceptional infrastructure with geographic and supply chain advantages, being in proximity with large battery cell and automotive manufacturers. The Province's officials have emphasized for the Oseong Zone to become a center for green growth, attracting companies with transformative and cutting-edge green technologies to be a part of the ecosystem.

 

This follows Rivian Automotive Inc. (NASDAQ:RIVN) who announced back in December that Rvian will expand its manufacturing operations, locating its second US plant in the State of Georgia. A carbon-conscious campus is planned east of Atlanta, in Morgan and Walton Counties. The project represents a $5-billion site development and manufacturing investment.

 

The plant, which will eventually employ more than 7,500 workers, represents a key next step as Rivian scales aggressively toward higher-capacity production for our future generation of products. Once ramped, the Georgia facility will be capable of producing up to 400,000 vehicles per year. Construction on the facility is expected to begin in summer 2022, and the start of production is slated for 2024. Site considerations included logistics, environmental impact, renewable energy production, availability and quality of talent and fit with Rivian company culture.

 

Rivian’s almost 2,000-acre parcel will include abundant natural space. As with our facility in Normal, Rivian will develop community engagement and workforce training programs in the area.

 

Rivian is also scaling its capacity at its existing plant in Normal, Illinois. Rivian’s Normal plant was recently approved for a 623,000-square-foot expansion, which will bring the total footprint of the Normal plant to approximately 4 million square feet, with further plans to extend warehouse, storage, and production capacity onsite. Rivian’s hiring in Normal is scaling rapidly, with plans to hire an additional 800-1,000 employees by the second quarter of 2022.

 

Lucid Group (NASDAQ: LCID), which is setting new standards with its advanced luxury electric vehicles (EVs) also made moves in December having announced the appointment of Gagan Dhingra as Vice President of Accounting and Principal Accounting Officer, and Mustally Hussain as Managing Director, Global Treasurer and Head of Financial Services. Together, they bring decades of strategic leadership experience in building accounting and financial functions at various multi-national organizations.

 

"I am thrilled to welcome Gagan and Mustally to Lucid as we embark on another year of unprecedented growth for the company," said Sherry House, CFO, Lucid Group. "With their leadership and deep expertise, we'll be able to further develop and maintain critical infrastructure within Lucid that will best serve our stakeholders against the backdrop of the company's global expansion and growing demand for its products."

 

Mr. Dhingra will be responsible for leading accounting, tax and internal control functions, reporting to Ms. House. He brings with him more than 20 years of experience in accounting and finance. Most recently, he served as Chief Accounting Officer at Anaplan, an enterprise software company where he was responsible for accounting, tax, treasury, stock administration and procurement functions. Prior to Anaplan, Gagan worked in various leadership roles with increased responsibilities at global organizations, including Seagate, McKesson, and Ernst & Young.

 

Mr. Hussain, also reporting to the CFO, will provide strategic leadership to the Treasury, Risk and Financial Services functions, He will be responsible for capital markets activities, banking relationships, global cash management, financial risk management, global insurance, and financial services including customer loans and leases. Additionally, he will focus on working capital management and help ensure continuous improvement of the balance sheet and cash flow with responsibility for optimizing the company's capital structure. Most recently, he served as Vice President & Treasurer at Herc Holdings Inc. and in leadership roles at Hyundai Capital America and National Grid.

 

The big news in the EV space however was the recent meeting this Wednesday between Joe Biden and top EV and Automotive CEO’s.

 

Ford Motors (NYSE: F) CEO, Jim Farley had mentioned earlier in the week how keen he was on seeing President Joe Biden's stalled Build Back Better bill passed in an effort to boost electric vehicle adoption in the United States.

 

"It's mission critical for the EV industry," Farley said on Yahoo Finance Live.

 

As it stands now, the Build Back Better (BBB) bill would offer credits of up to $12,500 for consumers if they purchase an electric vehicle. The bill would also aid in the development of more public charging stations.

 

Both aspects of the bill are seen as key in helping to reach Biden's goal of having half of all new vehicles sold by 2030 becoming electric vehicles.

 

But after passing the US House of Representatives last year, the $2.2 trillion bill has died in the Senate amid concerns on the price tag and the potential of stoking greater inflation.

 

"If we don't get our act together, we'll be behind as a country. It's not just about helping consumers make this transition. All the battery production, all the jobs, the raw material development in our country, all the intellectual property. We were the number one employer in the United States in the auto sector. We want these American jobs, these innovative technology jobs to come to America. This bill and the incentives for consumers will absolutely be the key thing to help us do that. We need to be competitive as a country," Farley explained.

 

Farley joined General Motors Company (NYSE: GM) CEO Mary Barra, HP CEO Enrique Lores and Etsy CEO Josh Silverman, just to mention a few of the top leaders that met with Biden on Wednesday to discuss the Build Back Better Bill.

 

Demand for EV’s is only expected to grow as more automakers jump into the fray and 2022 may prove be a good year for the EV market as cars start to reach customers and the market moves past speculation and into execution.

 

About Investorideas.com - News that Inspires Big Investing IdeasInvestorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

Disclaimer/Disclosure :Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure: this news article featuring NBM is a paid for news release on Investorideas.com – (two thousand) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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Thursday, January 27, 2022

2022 The Year for #EV’s - #Stocks to Watch (TSXV: $NBM.V) (OTC: $NBMFF), (NASDAQ: $RIVN), (NASDAQ: $LCID), (NYSE: $F), (NYSE: $GM) @neo_battery @Rivian @LucidMotors @Ford @GM

2022 The Year for #EV’s - #Stocks to Watch (TSXV: $NBM.V) (OTC: $NBMFF), (NASDAQ: $RIVN), (NASDAQ: $LCID), (NYSE: $F), (NYSE: $GM) @neo_battery @Rivian @LucidMotors @Ford @GM

 

How #Battery Makers and #Automakers are Making EV’s a Reality

 


Vancouver, Kelowna, Delta, BC –January 27, 2022 - Investorideas.com, a leading investor news resource covering EV and battery technology stocks releases a special report featuring NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF), a Vancouver-based company focused on battery materials. The ongoing chip and battery shortages are leading battery makers to innovate and look for new alternatives, while EV manufacturers continue to struggle to meet demand.

 

Read this article, featuring NBM in full at https://www.investorideas.com/news/2022/renewable-energy/01271Electric-Vehicles.asp

 

A recent CNBC article discussed expectations for the EV market saying, “If 2021 was the year for electric vehicle stocks, 2022 is the year for actual deliveries. Investor money this year poured into Rivian and Lucid Motors, valuing the EV companies at a combined $150 billion. Neither company has generated meaningful revenue and they’ve just begun getting keys into the hands of consumers.”

 

“The question is going to be who starts production and is able to convert this interest and the investments in the brand into deliveries and happy customers,” said Vitaly Golomb, a tech investment banker who focuses on EVs at Drake Star Partners. ”That’s really the next phase.”

 

NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF), a company looking to address the battery shortage, recently announced that the Company has successfully received the final site approval by the Province of Gyeonggi to construct the commercial plant facility of NEO's patented silicon anode materials, NBMSiDE, for electric vehicle lithium-ion batteries.

 

Through NEO Battery Materials Korea Co., Ltd., a wholly-owned subsidiary of NEO, the Company secured land with approximately an area of 106,700 square feet, or 2.5 acres, for the initial phase of the NBMSiDE Commercial Plant Facility.

 

NEO initiated the site search in August of 2021 after the announcement of a strategic decision made to construct its silicon anode commercial plant in South Korea. After intensive research, communication, and negotiations with 2 provincial authorities, NEO had decided to apply to Gyeonggi-do. NBM Korea has qualified an extensive and strict due-diligence process by the Province's authorities and the Foreign Investment Review Board based on NEO's commercialization timeline, viability and economic impact of the business with regards to the current battery materials industry and its downstream products, and various background reviews and stress tests.

 

NEO's benefited land is situated in an industrial complex known as Oseong International (Foreign) Investment Zone in Pyeongtaek City, in which the land is designated solely for the use of foreign investment companies qualified by the Province of Gyeonggi. As a qualified company, NEO is entitled to several benefits and subsidies that will translate into both drastic cost savings in the short- and long-term for the anode material plant facility. The benefits include a 99% reduction of annual lease payments (or a payment of 1% of the officially assessed land value) with a long-term-based lease contract, and further to it, the annual lease payment can be immediately minimized to zero after the completion of the plant construction and fulfillment of requirements by the Province. The maximum lease period for the land is 50 years.

 

The Company may also access various tax incentives and active collaboration activities with the Province to promote NEO's business in South Korea and overseas. Corporation tax, income tax, land transfer tax, and customs taxes may be fully exempted for 5 years and may be reduced by 50% for an additional two years. NEO could also access provincial financial support for equipment purchases, employment subsidies, and education/training subsidies.

 

Mr. Spencer Huh, President and CEO of NEO said, "We are more than happy about the site approval. Our NEO and NBM Korea team have been eager and diligent to receive approval from the Province of Gyeonggi for the past 3 months as this site in the Foreign Investment Zone was the only remaining land apportioned for companies operating in the battery materials industry. Despite our status as a micro-small capitalization foreign company compared to existing sizeable businesses in the Oseong Zone, NEO was approved by Gyeonggi Province and the Foreign Investment Review Board. For the past 2 months, during the review and due-diligence process from the Province, we had actively held dialogue with the Province's officials and representatives to respond and fulfill any requests for further investigation."

 

"We strongly believe that the Province highly appreciated and held confidence in our clear roadmap of NEO's silicon anode, NBMSiDE, commercialization plan along with our proprietary technology and our high managerial capacity accustomed to the lithium-ion battery industry. We greatly thank Gyeonggi-do for returning a decision for approval much faster than our expectation, and we also thank our NEO team and our valued shareholders for the committed trust and patience," added Mr. Huh.

 

Gyeonggi Province's Oseong International Investment Zone is a complex-type industrial park that captures 3.9 million square feet of land and houses foreign-invested companies such as Korea Superfreeze Inc. - a logistics business that retains a facility for COVID vaccine, import, and hydrogen fuel cell distribution. The Oseong Zone possesses exceptional infrastructure with geographic and supply chain advantages, being in proximity with large battery cell and automotive manufacturers. The Province's officials have emphasized for the Oseong Zone to become a center for green growth, attracting companies with transformative and cutting-edge green technologies to be a part of the ecosystem.

 

This followRivian Automotive Inc. (NASDAQ:RIVN) who announced back in December that Rvian will expand its manufacturing operations, locating its second US plant in the State of Georgia. A carbon-conscious campus is planned east of Atlanta, in Morgan and Walton Counties. The project represents a $5-billion site development and manufacturing investment.

 

The plant, which will eventually employ more than 7,500 workers, represents a key next step as Rivian scales aggressively toward higher-capacity production for our future generation of products. Once ramped, the Georgia facility will be capable of producing up to 400,000 vehicles per year. Construction on the facility is expected to begin in summer 2022, and the start of production is slated for 2024. Site considerations included logistics, environmental impact, renewable energy production, availability and quality of talent and fit with Rivian company culture.

 

Rivian’s almost 2,000-acre parcel will include abundant natural space. As with our facility in Normal, Rivian will develop community engagement and workforce training programs in the area.

 

Rivian is also scaling its capacity at its existing plant in Normal, Illinois. Rivian’s Normal plant was recently approved for a 623,000-square-foot expansion, which will bring the total footprint of the Normal plant to approximately 4 million square feet, with further plans to extend warehouse, storage, and production capacity onsite. Rivian’s hiring in Normal is scaling rapidly, with plans to hire an additional 800-1,000 employees by the second quarter of 2022.

 

Lucid Group (NASDAQ: LCID), which is setting new standards with its advanced luxury electric vehicles (EVs) also made moves in December having announced the appointment of Gagan Dhingra as Vice President of Accounting and Principal Accounting Officer, and Mustally Hussain as Managing Director, Global Treasurer and Head of Financial Services. Together, they bring decades of strategic leadership experience in building accounting and financial functions at various multi-national organizations.

 

"I am thrilled to welcome Gagan and Mustally to Lucid as we embark on another year of unprecedented growth for the company," said Sherry House, CFO, Lucid Group. "With their leadership and deep expertise, we'll be able to further develop and maintain critical infrastructure within Lucid that will best serve our stakeholders against the backdrop of the company's global expansion and growing demand for its products."

 

Mr. Dhingra will be responsible for leading accounting, tax and internal control functions, reporting to Ms. House. He brings with him more than 20 years of experience in accounting and finance. Most recently, he served as Chief Accounting Officer at Anaplan, an enterprise software company where he was responsible for accounting, tax, treasury, stock administration and procurement functions. Prior to Anaplan, Gagan worked in various leadership roles with increased responsibilities at global organizations, including Seagate, McKesson, and Ernst & Young.

 

Mr. Hussain, also reporting to the CFO, will provide strategic leadership to the Treasury, Risk and Financial Services functions, He will be responsible for capital markets activities, banking relationships, global cash management, financial risk management, global insurance, and financial services including customer loans and leases. Additionally, he will focus on working capital management and help ensure continuous improvement of the balance sheet and cash flow with responsibility for optimizing the company's capital structure. Most recently, he served as Vice President & Treasurer at Herc Holdings Inc. and in leadership roles at Hyundai Capital America and National Grid.

 

The big news in the EV space however was the recent meeting this Wednesday between Joe Biden and top EV and Automotive CEO’s.

 

Ford Motors (NYSE: F) CEO, Jim Farley had mentioned earlier in the week how keen he was on seeing President Joe Biden's stalled Build Back Better bill passed in an effort to boost electric vehicle adoption in the United States.

 

"It's mission critical for the EV industry," Farley said on Yahoo Finance Live.

 

As it stands now, the Build Back Better (BBB) bill would offer credits of up to $12,500 for consumers if they purchase an electric vehicle. The bill would also aid in the development of more public charging stations.

 

Both aspects of the bill are seen as key in helping to reach Biden's goal of having half of all new vehicles sold by 2030 becoming electric vehicles.

 

But after passing the US House of Representatives last year, the $2.2 trillion bill has died in the Senate amid concerns on the price tag and the potential of stoking greater inflation.

 

"If we don't get our act together, we'll be behind as a country. It's not just about helping consumers make this transition. All the battery production, all the jobs, the raw material development in our country, all the intellectual property. We were the number one employer in the United States in the auto sector. We want these American jobs, these innovative technology jobs to come to America. This bill and the incentives for consumers will absolutely be the key thing to help us do that. We need to be competitive as a country," Farley explained.

 

Farley joined General Motors Company (NYSE: GM) CEO Mary Barra, HP CEO Enrique Lores and Etsy CEO Josh Silverman, just to mention a few of the top leaders that met with Biden on Wednesday to discuss the Build Back Better Bill.

 

Demand for EV’s is only expected to grow as more automakers jump into the fray and 2022 may prove be a good year for the EV market as cars start to reach customers and the market moves past speculation and into execution.

 

About Investorideas.com - News that Inspires Big Investing IdeasInvestorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

Disclaimer/Disclosure :Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure: this news article featuring NBM is a paid for news release on Investorideas.com – (two thousand) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Contact Investorideas.com

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Wednesday, January 19, 2022

#Cleantech and #ClimateChange #Podcast - All on Board the #Hydrogen Train -(NASDAQ: $BLDP; TSX: $BLDP.TO) (TSX: $CP.TO; NYSE: $CP)



 

 

 

#Cleantech and #ClimateChange #Podcast - All on Board the #Hydrogen Train -(NASDAQ: $BLDP; TSX: $BLDP.TO)  (TSX: $CP.TO; NYSE: $CP)

 

Vancouver, Kelowna, Delta, BC ,January 19, 2022 - Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issues a  new  hydrogen edition of the Cleantech and Climate Change Podcast 

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2022/011922-CleanTech.mp3

 

Read this in full at https://www.investorideas.com/news/2022/cleantech-climatechange/01191BLDP-CP.asp

 

Listen to the cleantech and climate change podcast on Spotify

Ballard Power Systems (NASDAQ: BLDPTSX: BLDP)  announced today it received an order for eight additional 200 kW fuel cell modules to support the expansion of Canadian Pacific’s ( TSX: CP; NYSE: CP) Hydrogen Locomotive Program from one to three locomotives, with expected delivery in 2022. Inclusive of Ballard’s announcement in March 2021, the company will provide a total of 14 fuel cell modules, each module with a rated power output of 200 kW, to support this program.

CP, an industry leader in the North American rail sector, significantly expanded its Hydrogen Locomotive Program, from one to three hydrogen locomotives. This expansion is partially supported by C$15 million in funding from Emissions Reduction Alberta (ERA) as part of its Shovel-Ready Challenge announced late last year. The CP program was selected as one of sixteen emissions reduction projects to receive provincial funding. CP intends to refine the process of converting diesel-electric powertrains to hydrogen-electric powertrains over a series of three categories of locomotives which collectively represent the majority of locomotives in use throughout North America.

“In expanding this groundbreaking project, CP is demonstrating its commitment to combatting climate change through transformative technology," said Keith Creel, CP's President and Chief Executive Officer. "I am very pleased that Emissions Reduction Alberta selected this program for a grant and I eagerly anticipate seeing a hydrogen-powered locomotive move CP customer freight in the near future.”

“We are excited to deepen our collaboration with CP and accelerate the energy transition,” said Randy MacEwen, Ballard’s President & CEO. “The expansion of CP’s Hydrogen Locomotive Program is illustrative of the confidence in Ballard’s fuel cell technology and the important role hydrogen fuel cells will play in decarbonizing heavy-duty motive applications, such as freight locomotives.

“Alberta is investing to lead the transition to affordable, reliable and clean energy. CP's initiative represents a highly compelling opportunity to catalyze the hydrogen economy in Alberta and around the world," said Steve MacDonald, CEO of ERA. "The project will help scale up technology and bring down the costs of deploying hydrogen to address the critical challenge of decarbonizing the long haul, heavy-freight sector.”

Thanks, that’s it for today. Do something good for this beautiful planet each and every day.


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About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure info https://www.investorideas.com/About/Disclaimer.asp Disclosure: DYA is a paid monthly featured cleantech stock on Investorideas.com Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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#Cleantech #Stock News: Solar Integrated Roofing (OTC: $SIRC) Reports 7 Acquisitions Projecting Over $78 Million in Annual Revenue; @SIRCStock

#Cleantech #Stock News: Solar Integrated Roofing (OTC: $SIRC) Reports 7 Acquisitions Projecting Over $78 Million in Annual Revenue; @SIRCStock

 

EL CAJON, CA / January 19, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, today announced that it has signed a series of binding Letters of Intent (LOIs) as part of its planned acquisition of seven companies, adding an anticipated $78 million in incremental annual revenue.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/01191SIRC-7-Acquisitions.asp

 

Management plans to integrate the following seven firms into the SIRC family of companies:

 

1.    Storm Ventures Group ("SVG"), a respected industry contractor consulting firm

2.    Standard Eco, a licensed engineering, procurement and construction (EPC) solar provider with a presence spanning five states and over 4,000 solar installations

3.    Eco Management, a licensed EPC solar provider with a presence spanning four states and over 2,000 solar installations

4.    BVI Solar, a California licensed roofer and solar contractor which has been party to over 1,000 solar installations – founded by an early pioneer of the solar roof concept, which later became the CertainTeed Apollo II Solar Shingle

5.    Bel Aire Construction and Development, an established property development firm to drive the development of green housing developments, driving notable synergies across the SIRC family of companies

6.    Music City Roofing, a very highly-rated roofer in Tennessee, with over 5,000 roofs replaced and over 3,400 roofs repaired since inception – while furthering a charitable mission centered on giving back to the local community

7.    Heartland Constructors, a licensed EPC and a premier west Texas solar provider which has served as a lucrative referral source for SIRC – referring a nationwide EV charging station contract spanning over 200 apartment complexes as well as several high-value solar projects

 

“This extremely exciting series of planned acquisitions represent a significant expansion of our business, growing our revenue by an expected $78 million annually,” said David Massey, Chairman and CEO of Solar Integrated Roofing Corp. “These acquisitions are a testament to our focus on identifying exciting niche industries to leverage our vast network and generate additional revenue through synergies and cross-selling. Given our planned transition to a more traditional December 31st year-end, we don’t anticipate these acquisitions will have any adverse effects on our plan to uplist to the OTCQX by mid-March, following a successful near-term uplist to OTCQB.

 

“These all-cash, no-dilution planned acquisitions are made possible through our strong relationship with Arbiter Bank, who has served as a valued financing source – enabling our mutual growth. We anticipate that these acquisitions, given the inherent synergies from being part of the SIRC family of companies, have the potential to pay for themselves within two years. I am incredibly proud of our team’s ability to find attractively priced companies, efficiently integrate them into our corporate structure and drive sale and operating synergies firm wide. This has proven instrumental to our ability to create sustainable, long-term value for all stakeholders.

 

“We eagerly await our Discord Q&A session with shareholders this afternoon – interested investors can learn how to join by clicking here. I will be joined by special guest Darin Pastor from Arbiter Capital at 4:00pm Pacific time today. I look forward to continued operational execution in the coming year, striving to create a clear national leader in the solar power, EV charging and roofing sectors,” concluded Massey.

 

Pablo Diaz, CEO of USA Solar Networks and President of Solar Integrated Roofing, added: “Reflecting on my experience as the CEO of a Company acquired by SIRC, I am thrilled to welcome these seven companies – each clear thought leaders in their respective fields – to the SIRC family of companies. Our revenue increased by several fold since joining SIRC, which was made possible through the countless synergies, deep resources, technology and incredible corporate infrastructure that SIRC has to offer. Looking back, joining SIRC was the best business decision I have made in my life. I look forward to working closely with each of the acquired companies to help them spread their wings and reach their full potential, creating value for our shareholders.”

 

Closing of any potential acquisition is subject to final due diligence, negotiation and execution of a definitive purchase agreement and all necessary approvals. The seven aforementioned planned acquisitions are being purchased for an aggregate $21.6 million in cash proceeds, with no new shares issued and no dilution taking place.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power and roofing systems installation platform company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com or join us on TwitterFacebook or Discord.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

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