Green Equity - January 15, 2025
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
Zefiro Methane’s (ZEFI.NE) subsidiary, Plants & Goodwin, has been awarded eight government-funded environmental remediation projects in Ohio to plug 50 oil and gas wells. Zefiro has already completed 20% of the project and deployed four rigs across the state to finish the work. With millions of unplugged wells in the U.S., Zefiro's efforts align with Ohio’s $634 million funding plan for well remediation through 2035.
Charbone Hydrogen’s (CH.V) Sorel-Tracy green hydrogen project in Quebec will be connected to Hydro-Québec’s grid by March 4, 2025, enabling renewable energy-powered hydrogen production.
Plug Power (PLUG) has announced a deal to supply 3 GW of electrolyzer capacity to Allied Green Ammonia's (AGA) green hydrogen-to-ammonia plant in Australia. The plant will be powered by a 4.5 GW solar facility, producing green hydrogen for the production of 2,700 metric tons of green ammonia per day. Plug Power will also provide engineering and design support to attract investors and secure project financing.
Hyliion Holdings (HYLN) has installed its first M Line additive manufacturing system from Colibrium Additive, marking the system's U.S. debut. The advanced 3D printing technology will significantly enhance Hyliion's production capacity for its KARNO generator, enabling up to four times more parts per machine compared to current systems.
New Public Listings
Uni-Fuels Holdings (UFG), a Singapore-based marine fuel solutions provider, has priced its initial public offering (IPO) of 2.1 million Class A Ordinary Shares at $4.00 per share, raising $8.4 million in gross proceeds. The shares began trading on the Nasdaq Capital Market under the ticker "UFG" on January 14, 2025.