NewsRoom Articles - Page 6 of 164

ThursdayMay 15, 2025 10:00 am

Geopolitical Risks, Dropping Prices are Shaping the Energy Storage Market

The energy storage sector is undergoing a transformative shift, with lithium iron phosphate (LFP) batteries taking center stage. Experts speaking ahead of the upcoming NetZero Milan Expo-Summit 2025 emphasize that LFP’s growing dominance has been driven by advantages such as enhanced safety, longer lifespan, reduced costs, and consistent performance. Daniel Fuchs of EUPD Research noted that the growing scale of utility-based storage projects is also fueling advancements in storage density and scalability. Giuseppe Artizzu, CEO of NHOA Energy, pointed out that while recent improvements in battery design have largely plateaued, the introduction of larger cells could lead to new innovations…

TuesdayMay 13, 2025 10:00 am

Baker Hughes Says Oil, Gas Rigs in the US Have Reduced Significantly

A recent report by energy technology company Baker Hughes reveals that U.S. energy firms have slashed the number of active oil and natural gas rigs to their lowest levels since the beginning of the year. According to the report, the number of oil rigs fell to 474, while natural gas rigs remained unchanged. This week’s drop lowers the total rig count by 4% compared to the same period last year. Significant reductions occurred in key regions. The largest oil-producing shale play in the country, the Permian Basin, saw the number of active rigs fall to 285. In the Gulf of…

MondayMay 12, 2025 9:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Announces $100 Million Project Financing from CIM Group for U.S. Solar Expansion

SolarBank and CIM Group have announced a US$100 million financing deal for a portfolio of U.S. solar energy projects totaling 97 MW. The deal is structured as a preferred equity investment at the project level, preserving SolarBank’s share capital, with CIM receiving a 3% annual coupon and retaining full ownership of transferred investment tax credits. SolarBank expects to maintain majority ownership of the 21-project portfolio post-financing, supporting SolarBank’s shift toward becoming a long-term solar asset owner in the U.S. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable…

MondayMay 12, 2025 9:00 am

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Is ‘One to Watch’

Ucore currently owns an REE mining project and an advanced separation technology. Commercial demonstration of the company’s RapidSX(TM) technology is at the commissioning stage. Ucore plans several modern REE refineries in North America, with the first SMC slated to begin construction in Louisiana in 2023. This planned REE separation and rare earth oxide production plant is scheduled to process 2,000 tons of total rare earth oxides by the end of 2024, increasing to 5,000 tons in 2026. Through its strategic partnerships with Kingston Process Metallurgy Inc., Mech-Chem Associates Inc. and other supporting contractors and vendors, Ucore is developing a North…

FridayMay 09, 2025 10:00 am

Gold Rallies as Dollar Loses Strength, China Expands Gold Trading

Last week saw the price of gold hit $3,400 per troy ounce as the dollar saw its value diminish, driven by growing concerns over geopolitical tensions and shifting global trade dynamics. Despite the closure of the London Bullion Market and Shanghai Gold Exchange for May Day celebrations, the rally in gold prices continued worldwide, reflecting increased investor demand for safe haven assets. Adding to the momentum, China announced a significant step in expanding its influence over global gold markets. The country will now allow bullion stored in global vaults to be settled against gold trading contracts on the Shanghai Gold…

ThursdayMay 08, 2025 10:00 am

Gold Ticks Up as Dollar Loses Steam

The start of this week saw prices for gold futures increase as safe haven demand by investors, particularly from China, grows. The price of silver also increased, with a weaker dollar index favoring the precious metals markets. May silver prices rose to $32.37 while June gold prices hit $3324.60. An analyst from Saxo Bank argues that gold’s strong retail demand from consumers in China is keeping the precious metal afloat, despite Western speculators’ increased selling. This, the analyst notes, suggests that concern among Chinese citizens about the health of the country’s economy seems to be increasing. This comes as investors…

ThursdayMay 08, 2025 9:45 am

SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Advances 7.2 MW Glor Rd Community Solar Project in Upstate New York

SolarBank plans to develop a 7.2 MW DC ground-mount solar project in upstate New York, part of a growing pipeline of SolarBank developments in the area. The project will operate under a community solar model, with customer acquisition managed by Solar Simplified, and is expected to power approximately 850 homes. In addition, the new development will participate in New York’s VDER rate program and may qualify for NYSERDA incentives. Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar…

ThursdayMay 08, 2025 9:00 am

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Identifies New High-Priority Exploration Zone at Montauban Project

ESGold has identified a large-scale geophysical anomaly in the southwest zone of its Montauban Project in Quebec, showing strong conductivity and magnetic signals typical of VMS (volcanogenic massive sulfide) systems. A new 3D geological model is being developed, integrating historical and modern geophysical data, and an expanded Ambient Noise Tomography (“ANT”) survey will help define the anomaly’s structure and depth. The company continues to advance toward near-term production while evaluating district-scale exploration potential and offers a relatively affordable way for investors to gain gold exposure compared to purchasing bullion at high prices. ESGold (CSE: ESAU) (OTCQB: ESAUF), a fully permitted,…

TuesdayMay 06, 2025 10:00 am

New Hot Bricks System Developed to Revolutionize Energy Storage

As the global shift toward clean energy accelerates, solar and wind power are increasingly replacing fossil fuels in both transportation and electricity generation. Now an Australian startup has developed a solid-state storage system for thermal energy that could play a key role in this transition. MGA Thermal, a revolutionary clean energy firm, claims that this block-based system needs significantly less space than standard battery storage systems. This system, which resembles large bricks, has minimal need for expensive equipment and has been designed to offer 2-3 times more energy density compared to other solid-state storage systems. Central to its operation is…

FridayMay 02, 2025 10:00 am

Gold Registers 22% Gain in the First 100 Days Since Trump Took Office

Over the last 100 days since Trump took office, the price of gold has recorded a 22.2% increase in dollar terms, setting over 20 new all-time records. During this period, the S&P 500 index of the biggest corporations has dropped by over 7%. Different publications report that the first a hundred days of this presidency may be the worst for the American stock market since Nixon’s and Ford’s presidencies. During the first one hundred days of Richard Nixon’s 2nd term, gold saw its price surge by more than 39%. Gerald Ford came in soon after Nixon resigned following the Watergate…

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