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FuelPositive provides 2023 recap and 2024 steps forward....

WATERLOO, Ontario, Dec. 15, 2023 -- FuelPositive Corporation, a leading Green Ammonia company,  provides a recap of 2023 Milestones Achieved, Highlights for 2024, as well as details on securing...

Shares in the company, which was spun off from former parent Siemens in 2020, fell as much as 39% to a record low last week after the discussions became public, the latest blow after the company unveiled major quality issues at its wind turbine unit Siemens Gamesa. The company is seeking government guarantees to help realise its pipeline of large industrial projects, mainly in Siemens Energy's former gas and power division, which builds and services gas turbines and manufactures large power converters stations. Such guarantees, usually issued by companies and the banks they work with, a...

It has become increasingly difficult to uphold obligations with the present economic situation of the world, especially in relation to capital-intensive projects and projects. How then can parties protect themselves? This is where performance guarantee comes in.

The meeting began at 6 p.m., with a procession of cars arriving at the Snow Bowl, parking in an orderly fashion, thanks to Rotary volunteers, who normally help crowds park during the annual toboggan nationals, but in this case, stepped forward to help for a different cause. Voting 131 to 34, residents approved Article 2, to, “authorize the Town Manager to execute a Performance Contracting Agreement with Siemens Industry, Inc. with certain Performance Guarantees, to upgrade multiple public buildings, increase energy efficiency, and reduce long term energy demands and costs.” Articles 3 an...