Latest news with #energytransition
Yahoo
3 hours ago
- Business
- Yahoo
The AES Corporation (AES) Reinforces 2025 Outlook with Amazon Solar Mega-Project Milestone
The AES Corporation (NYSE:), a global power generation and utility company, owns and operates a generation portfolio of over 32,109 megawatts, distributing power to 2.7 million customers. AES is one of the 7 52-Week Low Dividend Stocks to Consider. A fleet of solar power plants under the dazzling sun, shooting off a burst of light. On June 11, 2025, The AES Corporation (NYSE:AES) announced the successful completion of Phase 1 of its California-based Bellefield solar-plus-storage project. This completion marks the addition of 500 MW storage capacity for both the solar and battery segments. This development comes under a 15-year agreement with Amazon. Once finalized, the project will be the largest in the U.S., powering 467,000 homes and reducing over 1 million metric tons of CO2 emissions on an annual basis. Meanwhile, phase 2 of the project is scheduled for completion in 2026. The project reaffirms The AES Corporation's (NYSE:AES) 2025 guidance and long-term growth targets. Phase 1 of the project is expected to result in a positive impact on the company's financials in the second half of 2025. This will reinforce the AES Corporation's (NYSE:AES) 10.1 GW contracted portfolio with major tech clients. The AES Corporation (NYSE:AES) is one of the best 52-week low stocks. Looking ahead, the company's AI-powered construction assets and supply chain resilience strengthen its position in the energy transition. Furthermore, AES Corporation (NYSE:AES) carries negligible exposure to 2026-related tariffs, which safeguard its margins in future quarters. While we acknowledge the potential of AES as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error 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
Reuters
4 hours ago
- Business
- Reuters
Italy's Eni eyes new unit to manage oil refineries, unions say
MILAN, June 20 (Reuters) - Eni ( opens new tab intends to set up a new company focused on several assets including oil refineries and fuels storage facilities in Italy, two unions said after a meeting with the state-controlled energy group earlier this week. The new unit, which will likely be named Eni Industrial Evolution (EIE), could take onboard nearly 2,000 employees who work on the sites that will be included in it, the unions said. "EIE will take over the management of traditional refining, primary logistics and the conversion into bio-refineries of the Livorno and part of Sannazzaro plants," FEMCA CISL union said in a statement published on its website on Thursday. Eni declined to comment on the news from the unions, which was first reported by Italian daily Corriere della Sera. The state-controlled group has been splitting some of its operations into separate entities, or satellites, and has clinched deals with investors interested in these units. On the low-carbon front, Eni has created retail and renewable unit Plenitude, biofuel company Enilive and aims to set up a venture dedicated to carbon capture and storage by the end of this year.
Globe and Mail
4 hours ago
- Business
- Globe and Mail
Chevron Is Following ExxonMobil by Entering the Lithium Sector
Oil giants Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) can read the writing on the wall: They can see that fossil fuels will eventually go extinct. That's leading these energy giants to invest in expanding into lower-carbon energy. One area both oil stocks are expanding into is lithium, a key ingredient for making batteries for electric vehicles (EVs). Exxon entered the sector in 2023 by acquiring land in Arkansas' Smackover Formation, which is rich in lithium brine. Chevron is now following in Exxon's footsteps by acquiring land in the region to produce lithium. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Drilling for lithium Chevron has signed two deals to buy leasehold acreage related to the Smackover Formation. It's buying 125,000 net acres across Northeast Texas and Southwest Arkansas from two sellers. The energy company noted that the Smackover Formation underneath this land has high lithium content. The land acquisitions mark Chevron's first step toward establishing a commercial-scale U.S. lithium business. The energy company would utilize a direct lithium extraction (DLE) process to develop the acreage. DLE is a set of advanced technologies that extract lithium from brines produced from subsurface formations like the Smackover. While Chevron doesn't have experience producing lithium, the DLE process would enable the company to leverage its subsurface, drilling, and resource extraction capabilities and strengths. That makes lithium production a strong strategic fit for oil companies like Chevron and Exxon. Following Exxon's blueprint Chevron's move into the Smackover follows Exxon's prior entry into the lithium supply sector. In 2023, the oil giant reportedly paid around $100 million for more than 120,000 total acres in Arkansas above the Smackover Formation. Exxon drilled its first well in the region that year and aims to begin commercially producing lithium by 2027. It set a bold goal of producing enough lithium by 2030 to supply the auto industry with the metal to meet the manufacturing needs of over 1 million EVs per year. That would make it one of the world's top producers in a very short period. Exxon has already started signing lithium supply deals with potential customers for its branded product, Mobil Lithium. Last year, it inked a nonbinding agreement with battery parts maker LG Chem to potentially supply 100,000 metric tons of lithium carbonate over several years. LG Chem would use it at its cathode plant in Tennessee, which it expects to complete this year. The oil giant is also looking into other potential lithium projects worldwide. It's reportedly working with oilfield services giant SLB on potential lithium investment opportunities in Chile. An all-of-the-above approach Energy giants Chevron and Exxon are taking methodical approaches to the transition to lower-carbon energy. Both companies continue investing heavily in oil and gas to meet the world's near-term needs for fossil fuels. For example, Exxon is investing $140 billion in major projects and in developing the Permian basin through 2030. This investment level will add 1.2 million oil-equivalent barrels per day (BOE/d) to its output, which it expects will reach 5.4 million BOE/d by 2030. However, the energy companies are also steadily ramping up their investments in lower-carbon energy. They're taking a broad approach by investing in industries adjacent to the fossil fuel sector, such as hydrogen, biofuels, carbon capture and storage, and lithium. Exxon aims to invest up to $30 billion into lower carbon energy opportunities through 2030, while Chevron is currently allocating about 10% of its $15 billion annual capex budget to lower carbon energy opportunities. The oil companies want to methodically build profitable lower-carbon energy businesses that generate high investment returns to complement their oil and gas operations. Building the future of energy Chevron and Exxon know that the world wants to switch to lower-carbon energy sources. That's leading the energy giants to expand into new areas like lithium. They want to leverage their extensive expertise to build profitable businesses that can grow shareholder value over the long term. It's a smart approach that could pay off for investors in the future. Should you invest $1,000 in Chevron right now? Before you buy stock in Chevron, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor 's total average return is995% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Globe and Mail
5 hours ago
- Business
- Globe and Mail
Brenmiller Energy Is Now The Only Public TES Stock Standing-Get It While It's Still Under the Radar
Thermal energy storage—TES for short—isn't flashy. It doesn't trend like AI, electric vehicles, or quantum computing. But in the background of the global energy transition, it's becoming absolutely essential. That's because while the world has made progress in decarbonizing electricity, it has barely scratched the surface of decarbonizing heat. And the numbers are staggering: more than 20% of global greenhouse gas emissions come from industrial heat processes—most of which can't be electrified with batteries or standard solar panels. They need dependable, high-temperature heat delivered when and where it's needed. That's where thermal energy storage comes in. From food and beverage manufacturers to cement kilns, hydrogen electrolysis, and even AI data centers and cloud computing infrastructure, the ability to store energy as heat and dispatch it precisely when needed is no longer a luxury. It's a prerequisite for deep decarbonization. And that's why the biggest names in venture capital and institutional energy investment are pouring money into thermal storage companies like Rondo Energy and Antora Energy, whose private valuations now exceed hundreds of millions of dollars. They're betting that TES isn't just the next big thing—it's the necessary one. But for public market investors, the opportunity has always been frustratingly out of reach. Until recently, there were only two pure-play publicly traded ways to invest in TES: Heliogen Inc. (OTCQX: HLGN) and Brenmiller Energy Ltd. (NASDAQ: BNRG). Now, there's only one. Heliogen's Exit Exposes The Remaining Listed TES Pure Play On May 29, 2025, Zeo Energy Corp. announced its acquisition of Heliogen in an all-stock deal valued at approximately $10 million. For a company that once captured headlines with AI-powered heliostat arrays and solar towers meant to generate hydrogen and industrial steam, it marked the end of a turbulent chapter. Heliogen had already spent most of 2024 winding down operations, cutting staff, and canceling projects, including the much-publicized Capella Project with Woodside Energy. Although the company reported $23.2 million in 2024 revenue, much of that was due to accounting adjustments tied to project cancellations, rather than active deployments. Despite a reported net income of $78.9 million, the underlying reality was stark: Heliogen's core business was no longer viable on its own. It was a high-concept story that didn't materialize or scale in the real world as expected. Zeo's acquisition salvages the brand and some of the intellectual property. But it also removes Heliogen as a standalone TES investment from the public markets. Brenmiller Energy Has Quietly Built What Others Hope To And it leaves Brenmiller Energy as the last publicly traded pure-play thermal energy storage company, and perhaps more importantly, the only one that allows retail traders to compete for the same expected rewards as well-heeled institutional and high-net-worth investors. Headquartered in Israel and listed on the NASDAQ, Brenmiller Energy took a different path from other TES players. It didn't pursue hype-driven narratives or raise capital through a speculative special purpose acquisition company (SPAC). Instead, it built its technology the hard way—through mutually beneficial collaboration, industrial pilots, and engineering-first execution. Brenmiller's flagship product, the bGen™ system, converts renewable electricity or off-peak grid power into stored heat using crushed rocks—then releases that heat on demand 24/7/365 for industrial or district heating applications. It's modular, scalable, containerized, and critical to the comparisons made— already in operation. As of mid-2025, Brenmiller has active projects deployed or in development in Spain, the United States, Israel, Germany, and Hungary. These include industrial decarbonization systems at Tempo Beverage in Israel, Partner in Pet Food in Hungary, and the Wolfson Medical Center in partnership with ENEL. In the U.S., a deployment with the New York Power Authority is already live, showcasing Brenmiller's ability to serve public-sector infrastructure with flexible and dispatchable clean heat. In Spain, the company plays a key role in the SolWinHy Project, a hydrogen initiative backed by the European Hydrogen Bank. Brenmiller has been awarded £7 million in funding to support its thermal storage deployment as part of the project, further validating its technology and strategic importance in Europe's push for industrial decarbonization. In other words, Brenmiller Energy isn't a company pitching what's possible. It's a company delivering what's needed. Clean Industrial Heat Is Here and Priced In Hundreds of Millions Ironically, despite having high seven-figure sovereign-funded commitments, global partners, and a revenue-generating product in the market, Brenmiller trades at just $5.45 million in market capitalization before this morning's market open. That's less than a single private funding round for companies like Rondo or Antora—both of which are still navigating the myriad early-stage deployments. To be clear, those companies are impressive. Rondo's brick-based heat battery and Antora's carbon block storage paired with thermophotovoltaics are both promising technologies with long-term potential. But they are, as noted, inaccessible to the vast majority of retail investors. Unless you're writing institutional or personal checks in the tens of millions, you're not getting into those deals. That's what makes Brenmiller Energy's public listing so unique—and so mispriced. While investors crowd into concept-stage battery storage companies with billion-dollar dreams and minimal revenue, Brenmiller Energy already has the technology, partnerships, and government support to justify a significantly higher valuation. Yet it remains under the radar, likely due to its lean capital structure, non-U.S. origin, and the broader market's lagging awareness of TES as a category. But for those who do see it, the setup is rare: a first-mover, revenue-generating clean energy company operating in a validated sector with massive addressable demand—and trading at a tiny fraction of its tangible project pipeline value, which the company estimates to be $500 million today. The BNRG Valuation Gap Is Stunningly Flagrant Importantly, Heliogen's sale shouldn't be seen as a failure of TES—it should be seen as a market signal. Don't misinterpret the message—Heliogen entered the market to achieve great things, and their intention to contribute to a rapidly changing energy market is commendable. The problem they faced is that the era of overcapitalized, over-engineered concepts is coming to an end. Investors are seeking companies that can deploy now, scale realistically, and meet the industrial heat demands that ESG mandates. Brenmiller Energy fits that mold. And now, it's the only public company we know of that does. Why is that important to the retail investor? Because governments are pushing harder for carbon reductions, and industrial clients are seeking alternatives to gas boilers and fossil-fueled heat. That combination should create demand for what Brenmiller Energy already offers, not hopes to. In other words, with capital flowing, Brenmiller Energy is in the right place with the right product at the right time. And,as a result, once the market connects the dots between trillion-dollar decarbonization challenges and the handful of companies actually solving them, Brenmiller's share price trajectory may more than steepen—it could go parabolic. Sources and references: Disclaimers and Disclosures: Hawk Point Media Group, LLC. (HPM) has not been compensated to produce and distribute this content. It should be expressly understood that HPM is not operated by a licensed broker, a dealer, or a registered investment adviser. It should also be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. HPM reports/releases are commercial advertisements and are for general information purposes ONLY. The information made available by HPM is not intended to be, nor does it constitute, investment advice or recommendations. The contributors do NOT buy and sell securities covered before or after any particular article, report and/or publication. HPM holds ZERO shares in Brenmiller Energy Ltd. Always do your own due diligence prior to investing in any publicly traded company. While HPM has not been compensated for creating and syndicating this content, HPM discloses having a prior services agreement with the company, and third parties, that expired in April 2025 and 2024, respectively. HPM is a digital marketing and consulting company. Therefore, it is possible that HPM will be retained in the future to create and syndicate digital content for Brenmiller Energy. Accordingly, while fact-based and sourced, our content may portray featured companies in only the most favorable way. A complete disclosure for all services provided and compensated for is linked below. Forward-Looking Statements: This article contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. The forward-looking statements contained or implied in this article are subject to other risks and uncertainties, many of which are beyond the control of the Company featured or HPM. Hawk Point Media Group, Llc. undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. For Hawk Point Media Group Llc's full disclaimer and disclosure statement, click HERE.
Zawya
11 hours ago
- Business
- Zawya
Jordan targets 50% renewable energy in 2033
Jordan is pushing ahead with plans to expand its reliance on solar power and other renewable energy sources to 50 percent in 2033, an official has said. Renewable energy currently accounts for around 27 percent of the total energy mix in the Arab countries after it was negligible a decade ago, said Amani Azzam, secretary general of the Energy and Mineral Resources Ministry. Azzam, quoted by Al-Ghad and other local newspapers on Friday, said Jordan is facing real challenges in its power sector given its heavy reliance on gas imports. 'We are working hard to tackle these challenges…we have drawn up an ambitious strategy to expand renewable energy sources from 27 percent to 50 percent in 2033,' she said. Jordan has awarded several renewable energy projects to foreign companies over the past two years and is pursuing an ambitious project to develop a key desert gas field to ensure at least 60 percent of its energy needs. (Writing by P Deol; Editing by Anoop Menon) (
