Capstone Green Energy has secured a new 12-month Energy-as-a-Service rental contract with a local oil and gas company headquartered in Anchorage. The oil exploration company has established a dominant acreage position on the resource-rich North Slope, home to the largest oil fields in North America, and is looking to reduce its environmental impact.

The contract signifies Capstone’s continued Energy-as-a-Service business expansion due to ongoing customer demand and also demonstrates progress on the Company’s vision to create smarter energy for a cleaner future. The contract also builds on Capstone’s track record of saving its customers an estimated $698 million in annual energy costs while significantly reducing CO2 emissions.

Darren Jamison, President and Chief Executive Officer of Capstone Green Energy commented “Capstone is seeing strong customer demand across industries for its Energy-as-a-Service long-term rental services, which had 7 MW under contract in March 2021, 26 MW under contract in March 2022, and today contracts in excess of 35 MW, representing nearly 37% growth in one quarter alone. Our EaaS business provides a lower cost and carbon footprint for on-site energy systems.”

Capstone Green Energy is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals.

Shares of Capstone Green Energy trade on the NASDAQ under the ticker symbol CGRN. For more information, visit www.greenstocknews.com

Vertical Aerospace has announced a conditional pre-order for up to 50 VX4 aircraft from FLYINGGROUP, one of Europe’s leading business jet operators. Additionally, the company has

confirmed delivery slots and a commitment of associated pre-delivery payments from American Airlines (NASDAQ: $AAL).

The company has now sold its VX4 aircraft model to a diverse range of customers that includes American Airlines, Virgin Atlantic, Avolon and Bristow. The pre-order from FLYINGGROUP represents the company’s first commercial agreement within the business aviation market and increases Vertical’s conditional pre-order book to up to 1,400 aircraft with a total value of $5.6 billion.

The piloted zero operating emissions four-passenger VX4 is projected to be capable of traveling distances of 100 miles and at a top speed of 200 mph while producing minimal noise and has a low cost per passenger mile.

Additionally, Vertical has announced that American Airlines has reserved delivery slots for the first 50 VX4 aircraft of its initial conditional pre-order of up to 250 aircraft. The company and American will build upon their existing joint working group to collaborate on a framework to explore the future of advanced air mobility and prepare for the VX4’s entry into service.

The commitment to make pre-delivery payments and confirm slot reservations for the first 50 aircraft is believed to be the first of its kind for a major airline in the eVTOL industry, and marks a significant milestone in the partnership between American and Vertical.

Shares of Vertical Aerospace trade on the NYSE under the ticker symbol EVTL. For more information visit www.greenstocknews.com.

To accelerate the widespread adoption of EVs, increase access to charging, and help enable long-distance electric travel across the United States, General Motors and Pilot Company have announced a collaboration to build a national DC fast charging network. The network will be installed, operated and maintained by EVgo through its eXtend offering.

This network of 2,000 charging stalls, co-branded "Pilot Flying J" and "Ultium Charge 360", will be powered by EVgo eXtend and open to all EV brands at up to 500 Pilot and Flying J travel centers. GM customers will receive special benefits such as exclusive reservations, discounts on charging, a streamlined charging process through Plug and Charge and integration into GM's vehicle brand apps providing real-time charger availability and help with route planning.

Mary Barra, GM Chair and Chief Executive Officer recently commented "We are committed to an all-electric, zero-emissions future, and ensuring that the right charging infrastructure is in place is a key piece of the puzzle. With travel centers across North America, Pilot Company is an ideal collaborator to reach a broad audience of EV drivers."

The collaboration is targeting the installation of charging stalls at 50-mile intervals across the U.S. For GM, this development is one more step of its nearly $750 million investment in EV charging infrastructure. Beyond this program, GM and Pilot Company will continue working with key stakeholders to use new and existing public-private programs to accelerate the development of more public EV charging infrastructure.

Shares of General Motors trade on the NYSE under the ticker symbol GM. Shares of EVGo trade on the NASDAQ under the symbol EVGO. For more information visit www.greenstocknews.com

LithiumBank Resources, an exploration and development company focused on direct brine lithium resources in Western Canada, has begun trading in the U.S. under the ticker symbol LBNKF.

The company is leading the domestic rush to identify and bring new sources of lithium online in North America. LithiumBank has consolidated over 3.2 million acres of potential direct lithium extraction assets throughout the Canadian provinces of Alberta and Saskatchewan. The land position covers well known, highly prospective brine aquifers where the company’s DLE technology may be effective at recovering lithium.

Thanks to the surging demand for electric vehicles and other emerging new battery technologies, prices for lithium have exploded over the last two years. Supply of lithium is expected to experience a major supply gap in the coming decade, with prices for lithium expected to continue rising sharply. North America currently produces less than 6% of the world’s annual lithium. LithiumBank, with its direct lithium extraction technology and massive land position, is well positioned to become a leading North American supplier of lithium in the coming years.

Shares of LithiumBank Resources trade in the U.S. under the ticker symbol LBNKF and in Canada under the symbol LBNK. For more information visit www.lithiumbank.ca

Disclaimer

This video is not financial advice and should not be taken as financial advice. This video is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other materials that it publishes electronically. Green Stock News has been compensated US$10,200 by LithiumBank Resources for advertising services.

Aeva Technologies, a leader in next-generation sensing and perception systems, has announced the first shipment of  Aeries™ II 4D LiDAR™ sensors to strategic customers. The company says that the shipment represents a major milestone on the path towards mass production.

The Aeries II sensor leverages Aeva’s unique LiDAR-on-chip technology, which eliminates all fiber optics and places all key sensor components in a compact module. The design enables the module’s manufacturing process to be highly automated and reliable, allowing Aeva to scale deployment of its products and lower costs.

Soroush Salehian, Co-Founder and CEO at Aeva commented: “With this achievement, Aeva is on track to deliver a LiDAR sensor that meets the performance and manufacturability requirements of a wide range of sensing and perception applications at scale.

Aeva’s mission is to bring the next wave of perception to a broad range of applications, ranging from automated driving to industrial robotics. The company is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions.

Shares of Aeva Technologies trade on the NYSE under the ticker symbol AEVA. For more information visit www.greenstocknews.com

Polestar Automotive, a premium electric performance car company, has reported record first half 2022 deliveries and strong continued demand for its electric vehicles. The Swedish company, which listed on the NASDAQ exchange in June, delivered approximately 21,200 cars in the first six months of 2022.

Global orders have risen to 50,000 vehicles since the start of 2022, representing a 350% year-over-year increase as the company continues to see strong consumer demand as well as booking the first portion of its Hertz orders. With this strong performance, Polestar has reaffirmed its full year target of delivering 50,000 electric vehicles.

“It is great to see that the number of enthusiastic Polestar 2 customers is growing so quickly,” said Polestar CEO Thomas Ingenlath. “I am very confident that the strong momentum we have seen this year in brand awareness and sales figures will accelerate powerfully in the coming years as more ground-breaking cars are revealed.”

Polestar Automotive is headquartered in Sweden. The company’s vehicles are currently available across Europe, North America, China and Asia. Polestar vehicles are currently manufactured at two facilities in China, with additional future manufacturing planned in the USA.

Shares of Polestar trade on the NASDAQ under the ticker symbol PSNY. For more information visit www.greenstocknews.com

Wallbox, a leading provider of charging and energy management solutions for electric vehicles worldwide, and Svea Solar, one of Europe's fastest growing cleantech companies and Sweden's largest solar energy company, have announced a new partnership. Wallbox will become the main EV-charging solution for Svea Solar’s consumer offerings in Sweden, the Netherlands, Belgium, Germany, and Spain.

Svea Solar is a partner to IKEA in four European markets, offering solar systems to residential customers. As a result of the new partnership, Wallbox products will be sold alongside Svea Solar’s solar offering to complement users' home energy ecosystem and empower more people to switch to electric vehicles more easily.

Wallbox’s AC chargers come standard with Eco–Smart, the company’s energy management software which allows users who have a PV-installation in their home to charge their EV with self-produced sustainable energy. Through the Wallbox app users can choose to charge their EV with 100% green energy from their home PV installation, or blend excess solar with grid power.

Founded in 2015, Wallbox is dedicated to changing the way the world uses energy in the electric vehicle industry. The company creates smart charging systems that combine innovative technology with outstanding design and manage the communication between vehicle, grid, building and charger.

Shares of Wallbox trade on the NYSE under the ticker symbol WBX. For more information visit www.greenstocknews.com

Plug Power has been awarded a contract to deliver a five megawatt (MW) containerized proton exchange membrane (PEM) electrolyzer system to international energy company Irving Oil for the production and distribution of hydrogen at its New Brunswick refinery, the largest in Canada.

Irving Oil will use the electrolyzer to help with its goal of shifting its hydrogen production to low-carbon, or green hydrogen in the future – with the investment of the electrolyzer as an important first step on this journey. Initially, Plug ’s electrolyzer technology, powered by the local electricity grid, will enable Irving Oil to produce 2 tonnes of hydrogen per day for refining and mobility applications.

Andy Marsh, CEO of Plug Power, said “Demand for green hydrogen is growing because companies that have relied on other forms of hydrogen are recognizing the viability of achieving net-zero carbon emission targets. Driven by our leading electrolyzer technology and unparalleled manufacturing capacity, we are honored that Irving Oil has chosen Plug to support its initial investment in electrolytic hydrogen production. We look forward to expanding the partnership.”

Plug’s 5 megawatt containerized electrolyzer system for the Saint John, New Brunswick refinery will be manufactured at Plug’s Gigafactory in Rochester, N.Y., the world’s first and largest PEM fuel cell and electrolyzer manufacturing Gigafactory. Following manufacturing, deployment of the technology at the oil refinery is expected in Q3 2023, and hydrogen production is expected to be fully operational by late 2023.

Shares of Plug Power trade on the NASDAQ under the ticker symbol PLUG. For more information, visit www.greenstocknews.com

Canoo (NASDAQ: GOEV), a high-tech advanced mobility company, has signed a deal with

Walmart (NYSE: $WMT) to manufacture 4,500 all-electric delivery vehicles for the retail giant. The deal also includes an option for Walmart to purchase an additional 10,000 units.

Canoo’s Lifestyle Delivery Vehicle will be used by Walmart to deliver online orders, ranging from groceries to merchandise, as well as potentially used for the retailer's delivery-as-a-service business.

Canoo's fully electric Lifestyle Delivery Vehicle (LDV) is an American-made commercial electric vehicle optimized for sustainable last mile delivery use cases. The LDV has a last mile delivery optimized cabin and customized cargo space. The vehicle is engineered for high frequency stop-and-go deliveries.

Tony Aquila, Chairman and CEO of Canoo commented: “We are proud to have been selected by Walmart, one of the most sophisticated buyers in the world, to provide our high-tech, all-electric, American made Lifestyle Delivery Vehicle to add to their impressive logistics capabilities. Our LDV has the turning radius of a small passenger vehicle on a parking friendly, compact footprint, yet the payload and cargo space of a commercial delivery vehicle. This is the winning algorithm to seriously compete in the last mile delivery race, globally.”

Canoo is developing breakthrough electric vehicles that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans the full lifecycle of the vehicle

Share of Canoo trade on the NASDAQ under the ticker symbol GOEV. For more information visit www.greenstocknews.com

Desktop Metal has announced the expansion of its relationship with CNC software innovator SolidCAM, creator of the breakthrough iMachining toolpath technology. SolidCAM will offer Desktop Metal solutions for direct printing of metal to customers in the United States, where SolidCAM has technology centers at its U.S. headquarters, as well as the United Kingdom, Israel and India.

Ric Fulop, Founder and CEO of Desktop Metal, commented, “The Desktop Metal team is delighted to announce an expansion of our relationship with SolidCAM, a brand that is long trusted by machinists worldwide. This expanded partnership means that more CNC professionals will learn how easy it is to 3D print and sinter complex designs on our Studio System and Shop System metal AM offerings, freeing up capacity on CNC equipment, as well as machinist’s time. Additive manufacturing technology is truly complementary to machining, and we’re eager to deliver that message to the market in partnership with SolidCAM.”

Desktop Metal, based in Burlington, Massachusetts, is accelerating the transformation of manufacturing with an expansive portfolio of 3D printing solutions, from rapid prototyping to mass production. Founded in 2015 by leaders in advanced manufacturing, metallurgy, and robotics, the company is addressing the unmet challenges of speed, cost, and quality to make additive manufacturing an essential tool for engineers and manufacturers around the world.

Shares of Desktop Metal trade on the NYSE, under the ticker symbol DM. For more information visit www.greenstocknews.com