Green Equity - October 15, 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
Blink Charging (BLNK) has entered a strategic agreement with Stable Auto to enhance its EV charging network. This partnership leverages Stable's AI-powered solutions, which analyze data from numerous public chargers to optimize site utilization and improve profitability. Blink's COO and CEO-Elect noted that this collaboration has already led to a 34% improvement in efficiency and increased revenue across 60 locations.
Subsidiary of OriginClear (OCLN), Water On Demand, has delivered its EveraMOD pump station package to a large-scale wastewater upgrade project in Big Beaver Borough, Pennsylvania.
BluSky Carbon (BSKY) announced plans to raise $3 million through a private placement of special warrants priced at $0.50 each. The funds will support corporate development and general working capital. The offering is expected to close around November 18, 2024, pending regulatory approvals.
The U.S. Department of Energy (DOE) has approved the conceptual design for the Oklo (OKLO) Aurora Fuel Fabrication Facility, to be located at Idaho National Laboratory (INL). The facility will recycle used nuclear material from DOE’s former EBR-II reactor into fuel for Oklo's advanced Aurora nuclear power plant, which is set to be deployed by 2027.
DevvStream Holdings (DESG) has announced an agreement to acquire a 50% equity stake in Monroe Sequestration Partners (MSP), which operates a large carbon sequestration facility in northern Louisiana. This facility can store an estimated 260 million metric tons of carbon dioxide. The transaction will be funded with DevvStream shares.
Montrose Environmental Group (MEG) has been awarded a $249 million, five-year contract by the U.S. Army Corps of Engineers. The contract involves providing environmental quality support to various military and federal agencies, focusing on air and water quality compliance, hazardous waste management, and pollution prevention. This partnership will address environmental issues, including per- and polyfluoroalkyl substances (PFAS), for the U.S. Army, Air Force, Navy, Marine Corps, and other Department of Defense entities.
Desert Control AS (DSRT) has appointed Lars Eismark as the new Executive Chairman, succeeding Knut Nesse, to advance its Liquid Natural Clay technology.