Key Signals in Energy & Utilities
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Deal
Orano contracted to reprocess Fugen used fuel
The Japan Atomic Energy Agency has awarded Orano a contract for the transport and treatment in France of 731 used fuel assemblies from the Fugen experimental Advanced Thermal Reactor in Japan. The agreement also covers the performance of used fuel treatment and recycling operations at Orano’s la Hague plant located in Normandy, etc. Read More>>
Trelleborg supplies docking equipment for Sinopec’s Tianjin LNG terminal
Trelleborg Marine and Infrastructure has supplied a combination of docking and mooring equipment and Ship-Shore Links for phase two of the expansion of Sinopec’s Tianjin LNG receiving terminal, located in the Nangang Industrial Zone of Tianjin City, China. Read More>>
Partnership
MIS to partner with Fugro
MIS announced a strategic partnership with geodata specialist Fugro, which will provide MIS with crucial high-resolution aerial imagery immediately after a disaster. GEO enables claims and exposure management teams to make fact-based decisions in the immediate aftermath of a catastrophe at the portfolio, policy, and location level. Read More>>
GM & EVgo to expand Plug & Charge collaboration
General Motors is expanding its ongoing collaboration with EVgo to add a new Plug and Charge service to the Ultium Charge 360 ecosystem. It will take advantage of the new deal. Drivers with an EVgo account, active OnStar connected services, and the GM brand app for their vehicle must perform a one-time activation of Plug and Charge within the app. Read More>>
Merger and Acquisition
Ameren Arm reveals plan to acquire a 200 MW solar facility
The company recently revealed its intent to acquire the Huck Finn Solar Project from EDF Renewables, making headway in achieving its clean energy goal. The deal is part of Ameren Missouri’s goal of attaining long-term energy reliability and resiliency for its customers. Read More>>
SSE Thermal, Equinor to buy Triton Power in a USD 341 Mn deal
The company announced that its unit SSE Thermal and Norwegian energy company Equinor ASA have agreed to acquire Triton Power Holdings Ltd from Energy Capital Partners. The total consideration of 341 million pounds will be shared equally between the partners. Read More>>
NorthAmOil Targa to buy Lucid in a USD 3.6 Bn Permian acquisition
The company had bought Lucid Energy from Riverstone Holdings and Goldman Sach’s Asset Management. The transaction represents the largest midstream acquisition and divestiture deal in the Permian Basin since 2019, according to energy analytics firm Enverus. Read More>>
Executive Movement
SBM Offshore’s Treasurer and IR Head joins Jadestone Energy as new CFO
The company appointed Bert-Jaap Dijkstra as Chief Financial Officer. Dijkstra will join Jadestone Energy from SBM Offshore, the Dutch FPSO leasing specialist. In SBM Offshore, Dijkstra has held several finance and management roles since 2013. Read More>>
EnLink Midstream has a new CEO
Barry E. Davis, who led the founding of EnLink in 2014, will step down from leadership at the company after serving as CEO and chairperson of the board. Jesse Arenivas will assume the CEO role and serve as a director on the board, while Leldon E. Echols will become board chairperson. Read More>>
Saudi electricity company names new CEO
The company has appointed Khalid Hamad Algnoon as the CEO of the state-owned firm. Al Gnoon, holding a master’s degree in business administration from Irelands Dublin University, was appointed acting CEO to replace Fahad bin Husseein Al-Suaidiri, who had quit the company for private reasons. Read More>>
Financial and Market Activity
Atmos Energy’s five-year earnings growth trails the 8.4% YoY shareholder returns
One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share with the share price. During five years of share price growth, Atmos Energy achieved compound earnings per share growth of 7.8% per year. Read More>>
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Latest Industry Insights from Draup Braindesk
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Startup Spotlight
Company – Lemon Energy
Total Funding – USD 14.64 Mn
About: Lemon Energy is a digital utility that provides electric bill savings and sustainable energy through a fully digital platform and frictionless user experience. It simplifies the consumption of solar energy, connecting local producers to businesses. Read More>>
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Sales
