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DOE announces more than $65M in public and private funding to commercialize promising energy technologies The US Department of Energy (DOE) announced more than $30 million in federal funding, matched by more than $35 million in private sector funds, for 68 projects that will accelerate the commercialization of promising energy technologies ranging from clean energy and advanced manufacturing, to building efficiency and next-generation materials. The awards are facilitated by the DOE Office of Technology Transitions (OTT) Technology Commercialization Fund (TCF). The TCF was created by the Energy Policy Act of 2005 to help catalyze the agency’s research, development, demonstration, and deployment efforts into affordable, market-ready energy solutions, by strengthening partnerships between DOE’s National Labs and American entrepreneurs. ....
Gevo GEVO> has captured the market’s attention. And, when GEVO stock was in favor earlier this year, the share price shot up like a rocket. However, starting in mid-February, that rocket ship came back down to Earth. It’s a harsh lesson for folks who latch on to market trends at the wrong time. On the other hand, value-focused investors might see a huge opportunity in GEVO stock at the current price. After all, surely there’s still a chance to capitalize on the clean-energy market in 2021. There’s no denying that sustainability will remain an important theme throughout the year. Still, you’ve got to pick and choose your investments carefully – and Gevo might not be the right company, right now. ....
Gevo sees its 1Q cash balance swell to $525.3M ahead of renewable natural gas revenue generation The company expects its renewable natural gas project to generate $9 million to $16 million of cash annually beginning in late 2022 Gevo said the Front-End Engineering Design work for its Net-Zero 1 project is on track and is expected to be completed in December 2021 Gevo Inc (NASDAQ:GEVO) reported that it ended its first quarter of 2021 with cash and equivalents of $525.3 million, up from $78.3 million during the previous quarter, after the company completed two equity financings at $8 per share in January. Gevo also said the Front-End Engineering Design (FEED) work for its Net-Zero 1 project is on track and is expected to be completed in December 2021. ....