مبيعات السيارات الهجينة تتفوق بهدوء على الكهربائية argaam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from argaam.com Daily Mail and Mail on Sunday newspapers.
December 10, 2020
Switchback Energy (NYSE:
SBE) is a special purpose acquisition company (SPAC), a “blank check” shell corporation designed to take companies public without going through the traditional IPO process. SBE stock has almost tripled since announcing its merger with
ChargePoint, which has the largest electric-vehicle charging network in North America and Europe.
Source: Michael Vi / Shutterstock.com
SPACs are quickly becoming the go-to method for taking advantage of the renewable energy market, which is all set to surge after President-elect Joe Biden’s victory in the U.S. election.
In a low-interest-rate environment and with high valuations on other stocks, SPACs become a sensible place to invest your capital. SPACs have raised more than $60 billion this year more than in the previous 10 years combined for companies that wanted to avoid the hassles that go along with a traditional IPO.
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Being developed by the Yadlamalka Energy Trust (YET), the A$20m ($15m) project will wire together an 8MWh VFB developed by start-up Invinity Energy Systems with a 6MW solar array, producing some 10GWh of power per year.
“[YET] is excited about being the first in Australia to construct a large scale dispatchable solar power plant. Through using breakthrough technology in the form of vanadium flow batteries, we can deliver strong, economic infrastructure benefit to South Australia and at the same time support a low carbon economy,” said Yadlamalka Energy Trust chairman Andrew Doman.
The current year marks the 15th anniversary of the U.S. shale boom, a period in which fracking technology across such states as Texas, Colorado, New Mexico, North Dakota, and Wyoming helped establish the nation as a top oil and gas producer.
Unfortunately, high costs of production compared with conventional drilling has led to the sector consistently printing red ink and resulted in considerable destruction of shareholder value. The Covid-19 pandemic and subsequent oil price crash has led to investors souring on the industry further, credit becoming harder to come by, and a cross-section of Wall Street calling the end to the sector.
Precious metals and PGM prices forecast to rise next year northernminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernminer.com Daily Mail and Mail on Sunday newspapers.