
Pacific Green Signs Commitment Agreement With ZEN Energy for BESS Offtake in Australia for 1.5GWh
Scott Poulter, Pacific Green's Group CEO, commented: 'Following our initial offtake agreement of 500MWh for Limestone Coast North in South Australia, we are delighted to enter into a strategic framework for a further 1.5GWh. This framework agreement helps Pacific Green underwrite a significant part of the our portfolio of developments in Victoria, New South Wales and Queensland, and enables Pacific Green to industrialize its project development processes.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Globe and Mail
a minute ago
- Globe and Mail
ConocoPhillips' Q2 Earnings on Deck: Remain Invested in the Stock?
ConocoPhillips COP is set to report second-quarter 2025 results on Aug. 7, before the opening bell. The Zacks Consensus Estimate for second-quarter earnings is pegged at $1.36 per share, implying a decline of 31.3% from the year-ago reported number. Three analysts have revised their estimates upward in the past 30 days. The Zacks Consensus Estimate for quarterly revenues is currently pinned at $14.9 billion, indicating a 5.6% increase from the year-ago actuals. COP beat the consensus estimate for earnings in three of the trailing four quarters and missed the same once, with the average surprise being 1.94%. Q2 Earnings Whispers Our proven model doesn't predict an earnings beat for COP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is not the case here. The leading upstream energy player has an Earnings ESP of 0.00%. COP currently carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Factors Shaping Q2 Results According to the U.S. Energy Information Administration ('EIA'), the average spot prices for Cushing, OK, West Texas Intermediate (WTI) crude for April, May and June were $63.54, $62.17, and $68.17 per barrel, respectively. Based on the EIA data, the pricing environment was healthier in the first quarter, with average prices of $75.74, $71.53 and $68.24 per barrel for January, February and March, respectively. The same story also applies to natural gas prices. Our model forecasts a 21% year-over-year increase in the company's total daily oil equivalent production volumes. In the prolific Lower 48 region, which significantly contributes to COP's production, daily oil equivalent volumes are expected to rise 27.8% year over year, according to our model. Notably, the Lower 48 represents the company's high-quality unconventional resources in the United States. Price Performance & Valuation COP's stock has lost 8.4% over the past year compared with the decline of 12.3% of the industry 's composite stocks. One-Year Price Chart Although COP declined less than the industry, it still appears relatively undervalued. The company's current trailing 12-month enterprise value/earnings before interest, tax, depreciation and amortization (EV/EBITDA) ratio is 5.18, which is trading at a discount compared to the industry average of 10.83. COP's Investment Thesis ConocoPhillips has extensive oil and natural gas resources that it can develop, earning substantial profits, even if the price of oil declines. The upstream player had claimed on its first-quarter earnings call that it had identified sufficient oil and gas resources that could be developed and produced for decades, which would be highly economical. The leading upstream player is confident that it will conduct the extraction, development and delivery of the oil to the market profitably even if the price of West Texas Intermediate oil falls to as low as $40 per barrel. Thus, ConocoPhillips has a significant competitive advantage, especially when the pricing environment of oil becomes challenging. Like COP, Exxon Mobil Corporation XOM and Chevron Corporation CVX can also conduct low-cost operations due to their presence in prolific shale resources. However, ConocoPhillips' global footprint exposes it to high-tax regions like Norway and Libya, which may weigh on net earnings. Also, ConocoPhillips is spending heavily on big projects like Willow and LNG that may boost profits later, but for now, they're tying up cash and limiting how much the company can return to investors. How the Diversified Energy Majors XOM, CVX Fared in Q2 Chevron reported adjusted second-quarter earnings per share of $1.77, beating the Zacks Consensus Estimate of $1.70. The outperformance stemmed from higher-than-expected production in the company's key upstream segment. However, the bottom line came well below the year-ago adjusted profit of $2.55 due to weaker oil price realizations. CVX generated revenue of $44.8 billion. The sales figure missed the Zacks Consensus Estimate of $47.1 billion and decreased 12.4% year over year. Coming to XOM's story, the large integrated player reported earnings per share of $1.64 (excluding identified items), which beat the Zacks Consensus Estimate of $1.49. The bottom line declined from the year-ago level of $2.14. ExxonMobil's total quarterly revenues of $81.5 billion missed the Zacks Consensus Estimate of $82.8 billion. The top line declined from the year-ago figure of $93.06 billion. Last Word While COP offers promising long-term potential and appealing valuations, investors should not rush to buy the stock. However, those already holding the stock are advised to maintain their position. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report ConocoPhillips (COP): Free Stock Analysis Report


Toronto Star
31 minutes ago
- Toronto Star
LambdaTest Becomes First Platform to Launch Appium 3 Beta Support for Cloud-Based Mobile Testing
San Francisco, CA, Aug. 05, 2025 (GLOBE NEWSWIRE) — LambdaTest, a GenAI-native quality engineering platform, has announced an industry-first integration of Appium 3.0.0-rc.1 (Beta), enabling users to run mobile test automation on Android and iOS devices through the cloud. With this release, LambdaTest becomes the first platform to offer Appium 3 Beta support, reinforcing its commitment to delivering cutting-edge testing solutions that help developers and QA teams stay ahead of the curve. Appium 3 introduces a modular, plugin-first architecture, marking a significant evolution in mobile test automation. By integrating this version, LambdaTest empowers teams to seamlessly test their apps on cloud-hosted mobile devices, without the need for local setup, while benefiting from improved performance, modern capabilities, and a developer-friendly ecosystem.


Toronto Star
31 minutes ago
- Toronto Star
Wawanesa offering $200,000 in grants to support projects that reduce the impacts of extreme weather
WINNIPEG, Manitoba, Aug. 05, 2025 (GLOBE NEWSWIRE) — With extreme weather becoming more frequent, unpredictable, and severe, Wawanesa Insurance is once again stepping up to help more Canadian communities become more resilient through its Wawanesa Climate Champions: Local Grants. Now in its second year, the initiative is offering $200,000 in total funding to support climate adaptation and mitigation projects that reduce the effects of extreme weather on communities. To help recipients make an even greater impact, Wawanesa has doubled the maximum individual grant amount to $50,000. The Wawanesa Climate Champions: Local Grants are open to qualified projects in any Canadian community.