Latest news with #BrightLoop
Yahoo
10-06-2025
- Automotive
- Yahoo
Navitas & BrightLoop Partners to Provide Next-Generation Hydrogen Fuel-Cell Charging
GeneSiC™ MOSFET technology enables unmatched power density for high-voltage, high-power 'multiverters' in fuel-cell and heavy-duty transportation. Navitas & BrightLoop Partners to Provide Next-Generation Hydrogen Fuel-Cell Charging TORRANCE, Calif., June 03, 2025 (GLOBE NEWSWIRE) -- Navitas Semiconductor (Nasdaq: NVTS), the industry leader in next-generation GaNFast™ gallium nitride (GaN) and GeneSiC™ silicon carbide (SiC) power semiconductors, today announced its partnership with BrightLoop supporting their latest series of hydrogen fuel-cell chargers with automotive qualified Gen 3 'Fast' SiC (G3F) MOSFETs for heavy-duty agricultural transportation equipment. BrightLoop offers leading-edge, top-performance solutions with power conversion efficiencies over 98% and extreme power densities up to 35 kW/kg and 60 kW/L. Their high-voltage, high-power multiverters paired to BrightLoop's Power Flow Processor technology are designed to deliver exceptional performance in both AC and DC applications, such as energy management scenarios for fuel cells and heavy-duty applications, as well as HV network adaptation. Navitas' auto-qualified G3F SiC MOSFETs are incorporated into BrightLoop's 250 kW HV-DC/DC converter, with an output of 950VDC at 480A, and can be paralleled to achieve megawatt power capability. Enabled by 20 years of SiC innovation leadership, GeneSiC proprietary 'trench-assisted planar' technology provides world-leading performance over temperature, delivering high-speed, cool-running operation for high-power, high-reliability applications. G3F SiC MOSFETs deliver high-efficiency with high-speed performance, enabling up to 25°C lower case temperature, and up to 3x longer life than SiC products from other vendors. Trench-assisted planar technology enables an extremely low RDS(ON) increase versus temperature, which results in the lowest power losses across the complete operating range and offers up to 20% lower RDS(ON) under real-life operation at high temperatures compared to competition. All GeneSiC MOSFETs have the highest-published 100%-tested avalanche capability, 30% longer short-circuit withstand time, and tight threshold voltage distributions for easy paralleling. 'We are proud to partner with BrightLoop, the established leaders in leading-edge high-power density and efficiency converters,' said Gene Sheridan, CEO and co-founder of Navitas. 'Both companies provide the technology and system leadership to enable the roadmap for next generation, high-power density, high-reliability converter solutions.' 'Navitas offers leading-edge SiC technology where efficiency, ruggedness, and reliability are paramount. Our high power-density, smart, efficient, and scalable multiverters lead the industry by enhancing the quantity and quality of energy delivered to our customers,' said Florent Liffran, CEO and founder of BrightLoop. For more information on our G3F and GeneSiC portfolio, please contact info@ or visit About BrightLoop BrightLoop Converters is a leading manufacturer of power electronics for top-performance applications. Addressing the needs of the harshest environments, such as heavy-duty vehicles, mining equipment, maritime, motorsports, defense, aerospace, and railway, BrightLoop Converters develops and manufactures high-efficiency and high-reliability power converters with the best power-to-weight ratio on the market. Already supplying first-class players in the most demanding hybrid and electric series, such as Formula 1, Formula E, or ETCR, the goal for BrightLoop is more than ever to keep innovating and revolutionizing the world of power electronics. About NavitasNavitas Semiconductor (Nasdaq: NVTS) is the only pure-play, next-generation power-semiconductor company, celebrating 10 years of power innovation, founded in 2014. GaNFast™ power ICs integrate gallium nitride (GaN) power and drive, with control, sensing, and protection to enable faster charging, higher power density, and greater energy savings. Complementary GeneSiC™ power devices are optimized high-power, high-voltage, and high-reliability silicon carbide (SiC) solutions. Focus markets include AI data centers, EV, solar, energy storage, home appliance / industrial, mobile, and consumer. Over 300 Navitas patents are issued or pending, with the industry's first and only 20-year GaNFast warranty. Navitas was the world's first semiconductor company to be CarbonNeutral®-certified. Navitas Semiconductor, GaNFast, GaNSense, GeneSiC, and the Navitas logo are trademarks or registered trademarks of Navitas Semiconductor Limited and affiliates. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners. Contact InformationLlew Vaughan-Edmunds, Sr Director, Product Management & Marketing info@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-06-2025
- Business
- Business Wire
Galloway Capital Partners Announces 4.31% Stake in Babcock & Wilcox Enterprises, Inc.
MIAMI--(BUSINESS WIRE)--Galloway Capital Partners, LLC and its affiliate, Diveroli Investment Group (collectively, ' Galloway '), announced today a 4.31% stake in Babcock & Wilcox Enterprises, Inc. (NYSE: BW), a U.S.-based global leader in energy and environmental technologies and services. Bruce Galloway, the Founder and Chief Investment Officer of Galloway, stated, 'Based on our analysis, we believe B&W's share price is deeply undervalued relative to its potential. Our experienced team seeks to work with management and the Board to enhance and unlock shareholder value.' Three Core Reasons Why B&W is Undervalued: Record Backlog and Strong Bookings Signal Growth Visibility The Company's 2024 bookings surged 39% year-over-year to $889.6 million, and backlog reached a record $540.1 million, up 47% from 2023. This provides a solid runway for revenue conversion in 2025–2026 and demonstrates robust demand for B&W's Thermal and Environmental solutions. BrightLoop Technology Has Transformational Potential B&W's proprietary BrightLoop™ hydrogen and carbon capture platform is progressing toward commercialization, with a demo plant on track for 2026. Management has targeted ~$1 billion in BrightLoop bookings by 2028—a fraction of the global hydrogen market, but potentially a transformative growth engine. Operational Turnaround is Underway Despite Legacy Headwinds Adjusted EBITDA rose 13% year-over-year in 2024 (excluding BrightLoop), and Q1 2025 results showed continued margin expansion. While the Company's balance sheet remains somewhat leveraged, we believe that the Net Debt to EBITDA is very manageable at approximately 3x. The global surge in AI-driven data centers is creating unprecedented demand for power infrastructure - and Babcock & Wilcox is well-positioned to benefit. Its Thermal segment, specializing in steam generation and natural gas conversions, aligns with the grid-scale energy solutions now required by hyperscalers. As utilities upgrade infrastructure to support data center growth, B&W's deep engineering expertise and record backlog suggest it could be a stealth beneficiary of one of the fastest-growing trends in infrastructure today. Important Additional Information and Where to Find It This communication is not a recommendation to buy, sell or exchange any securities, and it does not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any securities. Information about Galloway Capital Partners and certain matters discussed in this press release are described in Galloway Capital's Schedule 13D filed on June 2, 2025, available at the SEC's website at About Galloway Capital Partners, LLC Galloway Capital Partners, LLC is a firm with a strategy targeting investments in undervalued publicly traded companies. The firm focuses on deep value opportunities with significant upside potential by identifying catalysts which will unlock shareholder value.
Business Wire
06-05-2025
- Business
- Business Wire
Babcock & Wilcox to Use Portion of Proceeds of Asset Sale for BrightLoop™ Technology Deployment, Including Massillon Project
AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. ('B&W' or the 'Company') (NYSE: BW) announced that it will use a portion of the funds received from the sale of the assets of its Denmark-based Babcock & Wilcox A/S subsidiary to Kanadevia Inova for the deployment of its BrightLoop™ hydrogen production facility in Massillon, Ohio. 'We are excited to collaborate with Kanadevia Inova on opportunities to expand the uses of our BrightLoop technologies around the world,' said Kenneth Young, B&W Chairman and Chief Executive Officer. 'Kanadevia Inova is a global leader in waste-to-energy technologies and renewable natural gas. BrightLoop has the capability to play a role in both and we look forward to working with them to evaluate potential use cases.' 'We continue to make exciting progress in the deployment of our commercial-scale BrightLoop facility, which will be located at the Massillon Energy and Technology Park in Massillon, Ohio,' Young continued. 'The plant will use our innovative chemical looping process to produce three to five tons-per-day of hydrogen from water, while also facilitating the capture of carbon dioxide for storage.' The companies also signed a Memorandum of Understanding (MOU) to evaluate potential cooperation on the development of BrightLoop projects using waste and biomass as feedstocks. B&W's BrightLoop technology utilizes its proprietary iron-oxide TranspO2rt™ particle to produce hydrogen by splitting water molecules while simultaneously capturing carbon emissions more efficiently, at a lower cost per kilogram and with a wider range of fuels – including solid and gaseous fuels – than other technologies. About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at About Kanadevia Inova Kanadevia Inova is a global greentech leader, pioneering innovative solutions for the energy transition and circular economy. Forward-Looking Statements B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to funds to be used in the development of a BrightLoop hydrogen and decarbonization facility in Massillon, Ohio, and the signing of an MOU for the potential development of future BrightLoop projects. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Business Wire
06-05-2025
- Business
- Business Wire
Babcock & Wilcox Announces Sale of Assets of its Denmark-based Babcock & Wilcox A/S Subsidiary to Kanadevia Inova
AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. ('B&W' or the 'Company') (NYSE: BW) announced it has sold the majority of the assets of its Denmark-based Babcock & Wilcox A/S (B&W A/S) subsidiary to Kanadevia Inova Denmark A/S (Kanadevia Inova) for $20 million, a portion of which will be used for the deployment of B&W's BrightLoop™ hydrogen production and carbon capture facility in Massillon, Ohio. Kanadevia Inova is a global greentech leader, pioneering innovative solutions for the energy transition and circular economy. The sale includes the DynaGrate ® combustion grate and other waste-to-energy combustion technologies. Under the agreement, Kanadevia Inova will assume responsibility for certain projects currently underway in Europe. It also provides for the transfer of approximately 50 employees located primarily in Denmark to Kanadevia Inova and its affiliates. B&W will retain other contracts to be completed with support from Kanadevia Inova. B&W will continue to serve the waste-to-energy market in North America with its boiler, environmental and other energy solutions. 'This sale is consistent with our previously announced objective to sell certain assets and use the proceeds to pay down existing debt and for working capital moving forward,' said Kenneth Young, B&W Chairman and Chief Executive Officer. 'We are excited that a portion of the proceeds will be used for our Massillon, Ohio, BrightLoop project and look forward to working closely with Kanadevia Inova on potential North American waste-to-energy projects in the future.' About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at Forward-Looking Statements B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the sale of the assets and intellectual property of its Denmark-based Babcock & Wilcox A/S subsidiary. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
