Latest news with #PowerGeneration
Iraqi News
17 hours ago
- Business
- Iraqi News
Iran halts electricity supplies to Iraq
Baghdad ( – Iran's Power Generation, Distribution, and Transmission Company, known as Tavanir, said that it ceased electricity supplies to neighboring Iraq in order to meet increased local demand. Tavanir's head of transmission and international trade operations, Mohammad Allahdad, said on Wednesday that Iran's power exports had dropped dramatically in recent months, according to the Iranian Labor News Agency (ILNA). Allahdad stated that Iran is trying to enhance its power purchases while reducing exports to neighboring countries. The majority of Iran's electricity exports, which were formerly directed toward Iraq under international contracts, had now ceased entirely, according to Allahdad. Iran is seeing an increase in power consumption as a result of a blistering heatwave that has afflicted various areas of the country. The Iraqi Ministry of Electricity said last month that its current energy production is around 24,500 megawatts, with an operational deficit of over 4,000 megawatts. The spokesperson for the Electricity Ministry, Ahmed Musa, said in a statement that Iraq has reached its peak summer load season, resulting in increased energy consumption, the Iraqi News Agency (INA) reported. Musa elaborated that Iraq's power grid is currently losing more than 4,000 megawatts as a result of the imported gas shortage. As Iraq depends heavily on gas imports from Iran to operate many power plants, the country is receiving only 22 million cubic meters of the gas needed to operate power plants every day, out of the 55 million cubic meters necessary for the month, according to Musa. The Iraqi Electricity Minister, Ziyad Ali Fadel, mentioned earlier that between 32,000 and 35,000 megawatts are needed to cover domestic consumption.
Associated Press
a day ago
- Business
- Associated Press
Revolutionary Fuel-Free Energy System TAP Offers Nations Path to Energy Independence
Magnetic Resonance Technology Eliminates Need for Traditional Fuel Sources in Power Generation DUBAI, DUBAI, UNITED ARAB EMIRATES, August 13, 2025 / / -- NEO7even Holdings announces the availability of TAP (Total Autonomous Power), a groundbreaking energy generation system that operates without fuel, sun, or wind. The technology uses calibrated magnetic resonance and kinetic motion to produce continuous electricity, potentially transforming how nations approach energy infrastructure. TAP fundamentally changes the economics of energy by eliminating fuel costs and supply chain dependencies. The technology transforms energy from a variable market product into a fixed sovereign asset, offering nations unprecedented control over their power generation capabilities. The system employs a proprietary combination of rare earth magnets, including Neodymium and Samarium-Cobalt, magnetized under vacuum conditions to create sustained oscillation. This motion drives generators that produce stable power output suitable for both small-scale and infrastructure-level deployment. Unlike traditional renewable energy sources, TAP operates independently of weather conditions and requires no external fuel source. The technology offers two models: TAP.1 for household and microgrid applications, and TAP.2, a pendulum system designed for large-scale sovereign deployments. Independent validation is ongoing through collaborations with universities and scientific institutions. The company reports successful real-world applications powering off-grid structures for sustained periods. NEO7even Holdings operates through a licensing model rather than electricity sales, positioning TAP as a platform for governments to operate their own energy ecosystems with full control, zero fuel, and minimal maintenance. The technology targets emerging markets where energy access remains a barrier to economic development, education, and healthcare delivery. About NEO7even Holdings NEO7even Holdings is a deep-tech innovation company focused on developing sovereign technology solutions for global infrastructure challenges. The company specializes in fuel-free energy systems and operates through a licensing model that enables nations to maintain full control over their energy infrastructure. Matthias Siems NEO7even email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
7 days ago
- Business
- Yahoo
Caterpillar shares are ‘priced for perfection,' says MS as it downgrades stock
-- Caterpillar shares are 'priced for perfection,' according to Morgan Stanley, which downgraded the stock to Underweight from Equal-weight saying there are signs of eroding profitability and growing downside risks, which stock rally hasn't baked in yet. The stock has rallied more than 50% since April, even after a Q2 miss and a mixed full-year outlook that showed strong sales but thinner margins. 'We believe the negatives point to a steady deterioration in the fundamentals and skew the risk to the downside,' analysts at Morgan Stanley said. Its $350 price target implies limited upside from current levels, with downside risks of as much as 50% in a bearish Stanley now expects Caterpillar's 2025 earnings to come in 4% below consensus. Caterpillar (NYSE:CAT) reported a $2.5 billion sequential rise in backlog and saw improved volumes, particularly in its Power Generation (HM:PGV) segment, helping to support sentiment. But Morgan Stanley called the volume strength a 'head fake,' suggesting it may reflect temporary demand or order pull-forwards rather than sustained momentum. The firm sees key indicators, like price and margin trends, as flashing warning signs of a weakening U.S. non-residential construction market. It also flagged the company's full-year guidance, which assumes a sharp rebound late in the year, as overly articles Caterpillar shares are 'priced for perfection,' says MS as it downgrades stock Clients buying into summer rally, bracing for later pullback, says BofA's Hartnett If Powell goes, does Fed trust go with him?
Yahoo
07-08-2025
- Business
- Yahoo
Orron Energy AB (LNDNF) Q2 2025 Earnings Call Highlights: Navigating Market Challenges with ...
Revenue: EUR16 million year-to-date. EBITDA: Minus EUR3 million for Q2. Net Debt: EUR77 million. Liquidity Headroom: Over EUR90 million. Power Generation: 188 gigawatt hours for Q2. Compensated Volumes: 9 gigawatt hours for Q2. Average Achieved Price: EUR30 per megawatt hour for Q2. Operating Expenses Guidance: Increased from EUR17 million to EUR19 million for the full year. Ancillary Services Revenue: Almost EUR1 million year-to-date. Projected Full-Year Revenue: EUR31 million to EUR36 million. Projected Full-Year EBITDA: EUR3 million to EUR8 million, excluding Sudan legal costs. Projected Free Cash Flow Before CapEx: Minus EUR10 million to plus EUR3 million, excluding legal costs. Warning! GuruFocus has detected 3 Warning Signs with LNDNF. Release Date: August 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Orron Energy AB (LNDNF) has a strong liquidity position with EUR77 million of net debt and over EUR90 million of liquidity headroom, allowing for continued investment in growth. The company has successfully sold its first greenfield project in Germany, marking a significant milestone in its monetization phase and providing a strong return on capital. Orron Energy AB (LNDNF) has a large-scale greenfield pipeline in Germany and the UK, with multiple projects expected to be monetized over the next few years. The company has implemented solutions to mitigate exposure to balancing costs, particularly in Finland, which has shown encouraging initial results. Orron Energy AB (LNDNF) has hedged 40% of its volumes for the second half of the year at an average price of EUR52 per megawatt hour, providing protection against potential low pricing scenarios. Negative Points The company reported an EBITDA of minus EUR3 million for Q2, indicating financial challenges due to higher costs and lower pricing. Orron Energy AB (LNDNF) has increased its full-year guidance for operating expenses from EUR17 million to EUR19 million due to elevated balancing costs in Finland and Sweden. The achieved price for Q2 was EUR30 per megawatt hour, which is relatively low and impacts revenue generation. The company is still incurring significant legal costs related to Sudan, which are expected to continue into next year. Market conditions in SE1 and SE2 regions are challenging, with prices below variable costs, potentially impacting future investments and profitability. Q & A Highlights Q: How does Orron Energy plan to achieve profitability given current market conditions? A: Daniel Fitzgerald, CEO, explained that profitability hinges on several factors, including higher market pricing and reduced legal costs related to Sudan. The company anticipates increased revenues from greenfield projects and expects legal costs to decrease significantly next year, which should contribute to stronger cash flows and a return to profitability. Q: What impact has the introduction of the automated quarterly hourly balancing model had on the Nordic markets? A: Daniel Fitzgerald, CEO, noted that the new model has increased market volatility, partly due to more renewables entering the market. This has led to higher balancing costs, but Orron Energy is mitigating these through ancillary services, which help hedge against such costs. Q: Is there a risk of impairments due to the weakening market for wind assets, particularly in SE1 and SE2? A: Daniel Fitzgerald, CEO, acknowledged the challenging market conditions but emphasized that Orron Energy's exposure to SE1 and SE2 is limited. Espen Hennie, CFO, added that the company's assets are high quality with low break-evens, and they have not seen any impairment triggers due to the current market situation. Q: What is the status of Orron Energy's greenfield pipeline in the UK, and when can sales be expected? A: Daniel Fitzgerald, CEO, stated that Orron Energy has confirmed grid connections for its projects ahead of the UK's grid reform. The company expects to see results from the grid reform process by the end of the year, with potential sales occurring in the first half of next year. Q: Why has Orron Energy decided to enter into price hedging now, despite previously dismissing it? A: Daniel Fitzgerald, CEO, explained that the decision to hedge was opportunistic, given the current market recovery. The company has hedged 40% of its volumes for the second half of the year at an average price of EUR52 per megawatt hour to protect against downside risks, particularly in light of last year's low prices. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
02-08-2025
- Business
- Yahoo
Constellation Energy Corporation (CEG) Gains Following FERC Approval on Calpine Deal
The share price of Constellation Energy Corporation (NASDAQ:CEG) surged by 6.66% between July 23 and July 30, 2025, putting it among the Energy Stocks that Gained the Most This Week. A close up of a wind turbine producing electricity as the sun sets. Constellation Energy Corporation (NASDAQ:CEG) is the largest producer of carbon-free energy in the US with over 34.2 GW of generating capacity, enough to power 16 million homes and businesses. Constellation Energy Corporation (NASDAQ:CEG) is near its all-time high after reports that the company has secured approval from the Federal Energy Regulatory Commission for its previously announced $16.4B acquisition of Calpine Corporation. The development marks the latest step forward in the transaction following earlier approvals by the New York Public Service Commission and the Public Utility Commission of Texas. The deal is expected to add $2 billion to Constellation Energy Corporation (NASDAQ:CEG)'s free cash flow annually and create the largest 'low emission' power generation company with nearly 60 GW of capacity from zero- and low-emission sources, including nuclear, natural gas, and geothermal. While we acknowledge the potential of CEG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Crude Oil Stocks to Buy According to Hedge Funds and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
