Thursday - July 3, 2025
Welcome to the Green Stock News brief for Thursday January 23rd. Here are today’s top headlines:
Ormat Technologies (NYSE: ORA) has signed a 10-year Power Purchase Agreement with Calpine Energy Solutions for up to 15 MW of renewable energy from its Mammoth 2 geothermal plant, starting in Q1 2027. This agreement reflects California's growing demand for carbon-differentiated electricity driven by Renewable Portfolio Standards and corporate sustainability goals.
Beam Global (NASDAQ: BEEM) has received a new U.S. patent for their Phase Change Composite (PCC™) spacer product, which helps manage thermal conditions in Li-ion battery packs through an innovative manufacturing process. The patented technology enables automated battery assembly while providing cost-effective thermal management for Li-ion batteries operating in extreme conditions, helping prevent thermal runaway propagation.
Cyngn (NASDAQ: CYN) has expanded its presence in the automotive manufacturing sector with DriveMod Tugger deployments across five major automotive OEMs and Tier-1 Suppliers throughout the US and Mexico. Building on recent successes, the company continues to demonstrate its capability to provide scalable automation solutions.
SES AI (NYSE: SES) has announced $10 million in contracts with major global OEM partners to use AI for developing new electrolyte materials for Li-Metal and Li-ion batteries for automotive applications. Revenue from these contracts will be partially recognized in Q4 2024, building on SES AI’s recent breakthrough in battery materials for drones and robotics.
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