Welcome to the green stock news brief for Thursday, November 14th. Here are today’s top headlines:
Surf Air Mobility (NYSE: SRFM) has secured a new $50 million Senior Secured Term Loan from Comvest Partners to support its transformation, aiming to become a leading regional air mobility platform with software and electrified aircraft. This financing enables the Company to advance through its four-phase plan: optimizing operations, expanding routes, and accelerating growth with electrification technology by 2027.
EHang (NASDAQ: EH) has achieved a breakthrough in high-energy solid-state battery technology, enabling its EH216-S eVTOL aircraft to complete a 48-minute flight test, marking the first pilotless passenger eVTOL to use such a battery. This advanced battery, featuring an energy density of 480Wh/kg, significantly enhances flight endurance and safety, expanding EH216-S's potential applications in urban air mobility and low-altitude operations.
Tilray (NASDAQ: TLRY) Medical has launched its first German-grown medical cannabis products through its Aphria RX facility, marking a milestone as the first company to grow medical cannabis in Germany under the new MedCanG license. This license, granted on July 15, 2024, allows Aphria RX to cultivate a range of carefully selected cannabis strains popular with patients in Canada.
ADS-TEC Energy's (NASDAQ: ADSE) ultra-fast ChargeBox has been deployed by Alabama Power, allowing rapid EV fleet charging at its Technology Application Center. The ChargeBox enables up to 320kW charging on power-limited grids without the need for extensive infrastructure upgrades, supporting Alabama's expanding EV adoption and charging infrastructure.
DevvStream provides upfront capital for sustainability projects in exchange for carbon credit rights. Through these rights, the company generates and manages carbon credits by utilizing the most technologically advanced, blockchain based platform. DevvStream invest in green projects that generate renewable energy, eliminate or reduce emissions, or sequester carbon...
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