News

Sustainability

How Finance Leaders Can Drive Enterprise Sustainability

Chen Amit | Equities.com |

Firms are placing a growing emphasis on the importance of sustainability in accounting and other financial services.


Badger Meter Beats Q4 Estimates, Posts Record Revenue

Edward Kim | Equities.com |

The strong quarter put full year sales above $500 million for the first time.


Algoma Steel Upgrades Power Plant in Transition to Green Steelmaking

Edward Kim | Equities.com |

The upgrade will provide sufficient internal generation capability to power phase one of its transition to electric arc furnace (“EAF”) steelmaking.


GM To Begin Delivery of Hummer Electric Pickup Truck by Mid-December

Kimberly Redmond | Equities.com |

General Motors Company (GM) expects to start deliveries of its new flagship vehicle, the GMC Hummer electric pickup truck, by the middle of December.

Duncan Aldred, global vice president of GMC and Buick, said on Tuesday the Hummer’s launch will begin with a $113,000 special “Edition 1” pick-up truck and that subsequent models with lower starting prices will be added in 2023. (https://www.reuters.com/business/autos-transportation/gm-begin-hummer-electric-pic...


Hertz Orders 100,000 Tesla Model 3 Vehicles; First Step Toward Electrifying Fleet

Kimberly Redmond | Equities.com |

Hertz Global Holdings Inc (HTZZ) has placed an order for 100,000 Tesla Inc (TSLA) electric cars, the first step in the rental car company’s plan to electrify its fleet of a half million cars.

Starting in early November, the Florida-based company will offer Tesla Model 3 compact cars for rent at its airport and neighborhood locations in major US markets and certain European cities, Hertz announced Monday.


Sustainable Shoe Maker Allbirds Seeks IPO Valuation North of $2 Billion

Kimberly Redmond | Equities.com |

Sustainable shoe brand Allbirds Inc is eyeing a valuation exceeding $2 billion in its US initial public offering (IPO).In its amended Form S-1 filed Monday, the company said it is offering about 19.23 million shares priced between $12 and $14 apiece. At the high end of that range, Allbirds would fetch gross proceeds of over $269 million.


Stellantis and Samsung SDI Form Joint Venture for Electric Vehicle Batteries

Kimberly Redmond | Equities.com |

Automaker Stellantis NV (NYSE: STLA) has formed a joint venture with South Korean battery maker Samsung SDI to produce electric vehicle batteries for its North American auto assembly plants.

On Friday, Stellantis, which counts Jeep, Dodge, Ram and Chrysler among its brands, said it is reviewing locations for a future lithium-ion battery plant and aims to begin operating by the first half of 2025. The new facility will have an initial annual production capacity of 23 gigawatt hours with the ability to increase up to 40 gigawatt hours in the future, the companies said.


Stellantis To Invest $35.5 Billion By 2025 To Expand Electric Vehicle Offerings

Kimberly Redmond | Equities.com |

Stellantis NV (NYSE: STLA), the parent company of car brands including Jeep, Dodge and Ram, plans to invest at least $35.5 billion by the end of 2025 to expand its lineup of electric vehicles.

On Thursday, the world’s fourth-largest automaker said within the next four years it will have 55 electrified vehicles on the market in the US and Europe.


Samsung SDI Exploring US-Based Battery Cell Production

Kimberly Redmond | Equities.com |

One of South Korea’s biggest battery makers, Samsung SDI, is reportedly looking to expand its battery cell manufacturing capabilities in the US to help meet growing demand for electric vehicles.

A confidential source told Reuters that the battery maker, a unit of Samsung Electronics, is considering a US factory as either a joint venture or as an independent manufacturing site.


Department of Energy Allocating $27 Million to Ocean Wave Energy Technology

Kimberly Redmond | Equities.com |

The US Department of Energy (DOE) is allocating $27 million in federal funding for the research and development of projects focused on converting energy more efficiently from waves into carbon-free electricity.

In a press release, the DOE said the resources are intended to “advance wave energy technologies toward commercial viability” and support the Biden Administration’s clean energy goal of net-zero emissions by 2050.


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