Green Equity - June 29, 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
Vicinity Motor (VEV) and ADASTEC Corp. are deploying the first autonomous electric transit bus, the Vicinity Autonomous Lightning, at Michigan's Sleeping Bear Dunes National Lakeshore, starting August 14, 2024.
Hyliion Holdings (HYLN) has signed a non-binding letter of intent with U.S. Energy to deploy one of Hyllion’s KARNO generators at a U.S. Energy renewable natural gas (RNG) fueling station. The agreement is subject to the execution of a binding purchase agreement to finalize the deployment.
CHAR Technologies (YES) has appointed Anton Szpitalak as the new Chief Development Officer, following his role on the Board of Directors. Szpitalak, co-founder and president of Pan Asia Solar, brings extensive experience in cleantech investment, having facilitated over $100 million in investments across various sectors, including photovoltaic manufacturing and sustainable construction.
New Public Listings
Silver Crown Royalties (SCRI), a silver-only royalty company, has debuted on Cboe Canada. The company generates revenue by offering upfront payments to mining companies in exchange for the rights to revenues from byproduct silver. It currently receives royalties from two mines and anticipates a third revenue stream in 2025.