Green Equity - December 20, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
Aqua Metals (AQMS) has achieved significant milestones at its pilot facility, demonstrating the scalability of its Li AquaRefining technology for sustainable lithium battery recycling. The company achieved over 99% recovery rates for critical metals, produced battery-grade lithium carbonate, and operated continuously for three weeks with over 90% uptime. To support operations and strategic initiatives, Aqua Metals secured a $1.5 million bridge loan, largely funded by management and board members. The company aims to finalize long-term financing in Q1 2025 to scale its Sierra ARC facility and expand U.S. recycling capacity.
American Battery Technology Company (ABAT) announced a $5 million registered direct offering with institutional investors, involving the sale of 5 million shares of common stock and accompanying warrants. The warrants, exercisable at $1.10 per share, expire five years from issuance.
Ballard Power Systems (BLDP) has received orders for over 90 fuel cell engines, totaling approximately 6.4 MW of power, from two bus manufacturers for the European and UK city bus market. The orders reflect the growing adoption of Ballard's fuel cell technology as a zero-emission alternative to diesel engines.
ClearSign Technologies (CLIR) has received an engineering order for a flare retrofit from an energy company in California. The final flare product will be shipped and installed at a production facility in California's San Joaquin Valley by Q2 2025.
Cielo Waste Solutions (CMC.V) is progressing with its planned acquisition of Rocky Mountain Clean Fuels’ Enhanced Gas to Liquids (EGTL) facility in Alberta. The project will integrate Cielo’s biomass gasification technology to produce near net-zero carbon Bio-Synfuels. Additionally, RMCFI secured a C$20.8 million grant through Alberta's Petrochemicals Incentive Program, which is expected to support the acquisition and facility expansion.