Mes: marzo 2021

MILWAUKEE, March 1, 2021 /PRNewswire/ — WEC Energy Group (NYSE: WEC) today announced that the company has agreed to acquire a 90% ownership interest in the Jayhawk Wind Farm, to be built in Bourbon and Crawford counties, Kansas.

Jayhawk will generate renewable energy that will be sold under long-term contract to Facebook. The Jayhawk site will consist of 70 GE wind turbines with a combined capacity of more than 190 megawatts.

The project is being developed by Apex Clean Energy, a leading clean energy company. Invenergy will acquire the remaining 10% ownership interest and will operate the facility. Commercial operation is expected to begin by the end of 2021.

WEC Energy Group’s investment is expected to total $302 million for the 90% ownership interest and substantially all of the tax benefits. The investment is part of the company’s $16 billion ESG Progress Plan — the largest 5-year capital plan in the company’s history. It calls for investment in efficiency, sustainability and growth.

«Our commitment to the Jayhawk project is the next step forward in our comprehensive plan to build a bright, sustainable future, serve strong vibrant customers and continue to grow earnings from our portfolio of renewable energy assets,» said Gale Klappa, executive chairman.

The transaction is subject to receiving all necessary regulatory approvals.

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation’s premier energy companies, serving 4.6 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company’s principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. Another major subsidiary, We Power, designs, builds and owns electric generating plants. In addition, WEC Infrastructure LLC owns a growing fleet of renewable generation facilities in the Midwest.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 42,000 stockholders of record, 7,300 employees and $37 billion of assets.

Forward-looking statements

Certain statements contained in this press release are «forward-looking statements» within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based upon management’s current expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated in the statements. Readers are cautioned not to place undue reliance on these statements. Forward—looking statements include, among other things, statements concerning management’s expectations and projections regarding investment amounts, tax impacts, construction plans and completion of the project. In some cases, forward—looking statements may be identified by reference to a future period or periods or by the use of forward—looking terminology such as «anticipates,» «believes,» «estimates,» «expects,» «forecasts,» «guidance,» «intends,» «may,» «objectives,» «plans,» «possible,» «potential,» «projects,» «should,» «targets,» «will» or similar terms or variations of these terms.

Factors that could cause actual results to differ materially from those contemplated in any forward—looking statements include, but are not limited to: general economic conditions, including business and competitive conditions in the company’s service territories; the extent, duration and impact of the COVID—19 pandemic or any future health pandemics; timing, resolution and impact of rate cases and other regulatory decisions; the company’s ability to continue to successfully integrate the operations of its subsidiaries; availability of the company’s generating facilities and/or distribution systems; unanticipated changes in fuel and purchased power costs; key personnel changes; varying, adverse or unusually severe weather conditions; continued industry restructuring and consolidation; continued advances in, and adoption of, new technologies that produce power or reduce power consumption; energy and environmental conservation efforts; the company’s ability to successfully acquire and/or dispose of assets and projects; cyber—security threats and data security breaches; construction risks; equity and bond market fluctuations; changes in the company’s and its subsidiaries’ ability to access the capital markets; changes in tax legislation or our ability to use certain tax benefits and carryforwards; the impact of legislative and regulatory changes, including changes to environmental standards and greenhouse gas regulations; political developments; current and future litigation and regulatory investigations, proceedings or inquiries; changes in accounting standards; the financial performance of American Transmission Company as well as projects in which the company’s energy infrastructure business invests; the ability of the company to obtain additional generating capacity at competitive prices; goodwill and its possible impairment; and other factors described under the heading «Factors Affecting Results, Liquidity and Capital Resources» in Management’s Discussion and Analysis of Financial Condition and Results of Operations and under the headings «Cautionary Statement Regarding Forward—Looking Information» and «Risk Factors» contained in the company’s Form 10—K for the year ended December 31, 2020, and in subsequent reports filed with the Securities and Exchange Commission. The company expressly disclaims any obligation to publicly update or revise any forward—looking information.

View original content:http://www.prnewswire.com/news-releases/wec-energy-group-to-acquire-90-ownership-of-jayhawk-wind-farm-301237305.html

SOURCE WEC Energy Group

LONDON, March 1, 2021 /PRNewswire/ — Elon Musk isn’t the front runner to become the world’s first trillionaire simply because he’s iconic, genius, or ambitious.   Mentioned in today’s commentary includes:  Tesla, Inc. (NASDAQ: TSLA), NIO Limited (NYSE: NIO), Plug Power Inc. (NASDAQ: PLUG), Bloom Energy Corporation (NYSE: BE), FuelCell Energy, Inc. (NASDAQ: FCEL).

He might have tens of millions of followers on social media and the biggest car company in the world. He might be worth just slightly more or less than Amazon’s Jeff Bezos on any given day. He might be madly driven to take us to Mars. But he’s most likely to become the world’s first trillionaire for a different reason … because he is a major figure in our fight against climate change. 

Climate change is the world’s mega-problem that can only be fought at the crossroads of high-tech and energy …Exactly where Elon Musk is positioned, along with his genius, his cult following and his endless drive. 

The world is at the dawn of a new industrial revolution, and this time, it’s green and multiple trillions of dollars are at stake. And with so much money pouring into this, the opportunities are boundless–as long as they are in some way connected to the revolution.

That revolution ties together a huge line-up of technology advancements related to everything from electric vehicles and energy storage to innovative ways to deal with a global pandemic, present, and future.

Elon Musk might end up being the world’s first trillionaire, but the revolution is minting billionaires in his wake … and all of them are tech-driven innovators who understand the most pressing issues of our time. 

All you have to do is follow the money through the new king of Wall Street, BlackRock (BLK), with its nearly $4 trillion in assets under management, eyeing anything that fits the revolutionary scenario. 

The path leads to new tech-driven visionary companies, like … NextEra, which is fast becoming the new king of energy …Or, PlugPower (PLUG), the hydrogen fuel cell play in an industry set to hit $11 trillion, that’s gained over 789% in 12 months …And Facedrive (FD, FDVRF), the pioneer of carbon-offset ride-hailing in North America, which stunned North American markets late last year with the acquisition of US-based Steer EV subscription company, and is now becoming a market leader in COVID contact-tracing technology that will help bring people back to work for real economic recovery … 

The Tech Element of the Pandemic Recovery

The pandemic recovery isn’t as easy as inventing a vaccine. The world is learning that by now. The uncertainty is alarming. 

The U.S. just passed half a million COVID-19 deaths, and cases are falling while vaccines are being slowly but surely doled out, but we’re still in for the long haul. It could be a problem for several winters to come, with or without vaccines. And that doesn’t even address the great unknown of COVID variants, including the troubling one now surging in California. Even worse, we don’t know if the existing vaccines will work against new variants. 

So, one can bet on the big pharma stocks behind the COVID vaccines, like Pfizer and Moderna, or you can find the tech-driven companies that are focused on fail safes, that get people back to work whether we have vaccines or not. Moderna has netted investors 34.4% year-to-date, and there doesn’t seem to be much more upside. Pfizer is actually down almost 8% YTD.

On the other hand, Facedrive (FD, FDVRF ) was an early innovator of COVID contact tracing technology in Canada, and that’s won it several big deals, but the biggest boost came on February 18th, when the government of Ontario injected $2.5 million into Facedrive to accelerate deployment of the tech company’s wearable contact-tracing technology. 

TraceSCAN alerts users within a workplace who have been in close contact with individuals who have tested positive for COVID-19. That means that workers in Ontario will be alerted whether they can return to a safe workplace for economic recovery. 

Under this government project alone, Facedrive plans to manufacture some 150,000 devices and create 68 new skilled jobs for Ontario. 

With some major shoutouts from Ontario’s Minister of Economic Development, Job Creation and Trade, Vic Fedeli, who said: «In our fight against COVID-19, Ontario is continuing to support companies like Facedrive that are developing the innovative technology that adds new layers of defence against this global pandemic.»

The Clean Energy Bonanza

Clean energy investments hit half a trillion dollars for the first time in 2020. 

«The world committed a record $501.3 billion decarbonization in 2020, beating the previous year by 9% despite the economic disruption caused by the COVID-19 pandemic,» according to a BloombergNEF report. 

Renewable energy, EVs, fuel cells, batteries, charging, green hydrogen … it’s all undergoing a dramatic shift to the top of our energy hierarchy. That means it’s where all the big capital is flowing … on top of Biden’s transportation policy, which includes a $2-trillion infrastructure plan. 

This new infrastructure plan means an entire transportation sector based on clean, new technology and clean, new energy. It means more incentives to buy EVs, which also means more incentive for absolutely anything tied into EVs. It’s a major opportunity for a company like Facedrive, which just acquired Washington, D.C.-based Steer in September 2020. 

Steer is an EV subscription company founded with the ambitious goal of disrupting the entire auto industry by offering customers their own private, virtual EV showroom in the form of a subscription service for on-demand car use. It’s an all-inclusive, user risk-free service that is 100% electric, plug-in, and hybrid. 

It’s a perfect match for Facedrive’s multi-vertical, tech-driven ecosystem of offerings that precisely match where all the big money is going in our energy transition. It also tied Facedrive to yet another big household name–utility giant Exelon. The deal included a $2-million strategic investment by energy giant Exelon’s wholly-owned subsidiary, Exelorate Enterprises, LLC. It also gave Facedrive a solid footprint in the United States, where it’s on an expansion drive, with plans for Europe. 

Steer fully intends to help put even more EVs on the road, in lines with the Biden administration’s $2-trillion infrastructure plans. It also fits perfectly with Facedrive’s clean energy ambitions. The company was the first to change the ride-hailing game by challenging an industry heading to $85 billion by 2023 with an EV offering.

Uber and Lyft are playing catchup in the energy revolution. Facedrive (FD, FDVRF) is already there.  Elon Musk may be headed to the trillionaire club of one, but Facedrive–and a handful of new energy-tech innovators–are surfing this same revolutionary wave, and the news can barely keep up with them. 

Tesla  (TSLA) is without a doubt one of the hottest stocks on Wall Street. And that’s a big deal for this emerging industry. As one of the world’s most exciting -and important- car makers, it has made going green a cross-industry standard for companies looking to both secure the millennial money flowing into markets, as well as maintain older investors eying the transition closely.

Elon Musk is truly a visionary of this decade. From his electric vehicle innovations and space ambitions to his forward-thinking approach on cryptocurrencies, Elon Musk may well become the first trillionaire, and Tesla shareholders are set to ride the wave.

NIO Limited (NIO) used to be just a pipe dream in the EV market. In fact, much of Wall Street was ready to give up on the company and eat their losses. It was even on the brink of bankruptcy at the end of 2019.  But China’s answer to Tesla’s dominance powered on, eclipsed estimates, and most importantly, kept its balance sheet in line. And it’s paid off. In a big way. The company has seen its share price soar from $3.24 at the start of 2020 to its current price of $46, representing a massive 1000% plus returns for investors who held strong. 

In addition to its automotive push, however, Nio, Tesla’s largest competitor in China, has also started to offer a batteries-as-a-service concept, in which car buyers can ‘lease’ the battery of their vehicle and save as much as $10,000 on the price of a new vehicle, while also offering buyers the option to swap batteries after a few years of use.

Plug Power (PLUG) is one of those plays that savvy investors are watching very closely. Currently, it’s a fairly speculative stock…But here’s the thing: it’s based on an industry that’s on track to be worth $11 trillion. This is a hydrogen fuel cell play, and the massive money inflow around hydrogen could keep PLUG–a highly volatile stock of late–pumping along nicely. If investors are getting cold feet, all it takes is a bit of a reminder as to how much money is pouring into hydrogen right now.

Plug is riding high the hydrogen hype. Its share price is up over 1350% since last January, and it’s showing no signs of slowing. Hydrogen is already being touted as the fuel of the future, and a vital component in the world’s race to reduce carbon emissions. Because of this, and because it’s one of the first movers in this fast-growing industry, it stands to win big in the long run. Whether one thinks its better to «set it and forget it» or play its volatility in the short run, it definitely deserves a space on the watch list.

Bloom Energy Corp. (BE) is another fun up-and-coming energy play. Bloom manufactures and sells solid-oxide fuel cell systems. And, yes, there’s been a ton of cash burn up to this point, but it’s heralding massive innovation–and that’s what tech startups are all about. Growth runways, not immediate profit.

That’s why we are willing to throw tons of money at our innovative future. Eventually, the narrative changes and for the successful companies, the cash burn stops and there starts to be payback for investors.

Thanks to Bloom’s forward-thinking approach to this burgeoning market, it has seen its share price soar from $7.88 at the start of 2020 to $28 at the time of writing. In the stock world, a more-than 300% return is never a bad thing. But as this sector grows, so to could Bloom’s market cap.

FuelCell Energy

(FCEL) is another up and comer that has surprised even the most tuned in investors. It’s a fairly volatile stock, sometimes rising and falling as much as 10% in a single day, but it has been on a gradual climb, and momentum is likely to persist. Up nearly 1000% since February 2020, FuelCell has been one of the biggest winners over the election season, with President Biden campaigning for a carbon-free America.

In fact, analysts even estimate the U.S. could spend as much as $1.7 trillion on clean energy initiatives over the next 10 years. And that’s great news for companies like Bloom, Plug and FuelCell. While still fairly volatile, expect these companies to find their legs in the long run. Especially as pressure increases to adhere to the new global standard of green living.

By. Siobhan Tyrrell

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that Facedrive will achieve its plans for manufacturing and selling Tracescan devices; that Steer can help change car ownership in favor of subscription services; that new tech deals will be signed by Facedrive and deals signed already will increase company revenues; that Facedrive will be able to expand to the US and globally; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether markets justify additional expansion; the ability of the company to attract drivers who have electric vehicles and hybrid cars; and that the products co-branded by Facedrive may not be as merchantable as expected. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively «the Company») owns a considerable number of shares of FaceDrive (FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns a substantial number of shares of this featured company and therefore has a substantial incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

NOT AN INVESTMENT ADVISOR. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

RISK OF INVESTING. Investing is inherently risky. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any stock acquisition will or is likely to achieve profits.

DISCLAIMER:  OilPrice.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains «forward-looking statements» within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. «Forward-looking statements» describe future expectations, plans, results, or strategies and are generally preceded by words such as «may», «future», «plan» or «planned», «will» or «should», «expected,» «anticipates», «draft», «eventually» or «projected». You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact e-mail:  editor@financialnewsmedia.com  U.S. Phone: +1(954)345-0611

View original content:http://www.prnewswire.com/news-releases/climate-change-could-mint-the-worlds-first-trillionaire-301236833.html

SOURCE Oilprice.com