Green Equity - December 5, 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
Pacific Green Technologies (PGTK) has expanded into New South Wales, acquiring land to develop a grid-connected battery energy park. This project supports the company’s aim to build a 10 GWh battery energy storage pipeline across Australia.
Greenwave Technology Solutions (GWAV) is set to benefit from Nucor's new Lexington, North Carolina steelmaking facility, which will process 430,000 tons of recycled materials annually. With 13 metal recycling facilities across Virginia, North Carolina, and Ohio— Greenwave is a key supplier of recycled steel for infrastructure and national security projects.
NANO Nuclear Energy (NNE) has signed a Memorandum of Understanding (MOU) with the Togolese Republic to explore the deployment of advanced nuclear technologies, including microreactors. This collaboration will focus on providing power to remote areas, industries, and essential services like hospitals and desalination plants, independent of the national grid.
LiqTech International (LIQT) has secured its first major commercial order for its mobile filtration units from Razorback Direct in Houston, Texas. These containerized, automated units are designed to handle complex water streams in remote and challenging environments, treating raw produced water to 1–3 ppm of oil without pretreatment. Their compact design, remote operability, and low operational costs make them ideal for water reuse and desalination applications. The order follows a successful pilot, with deployment expected in early 2025.
Charbone Hydrogen (CH.V) has closed the first tranche of a $6 million private placement, raising $1.5 million through unsecured convertible debt to fund its first two green hydrogen production facilities in Sorel-Tracy, Quebec, and Detroit, Michigan. The Sorel-Tracy facility, set to begin operations shortly, will serve as Charbone’s flagship, with electrolyzer delivery expected in early 2025. The Detroit project is in final development stages. A second financing tranche is expected to close by January 2025.
New Public Listings
Ace Green Recycling, a Houston and Singapore-based battery recycling company, will go public in 2025 through a $250 million SPAC merger with Athena Technology Acquisition Corp. II. The company uses a fully electrified, emission-free recycling process to recover critical minerals like lithium, cobalt, and lead from lead-acid and lithium-ion batteries. Ace plans to establish a 400,000-square-foot facility in Houston and operate two Texas-based plants by 2026.