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News Brief: Westbridge Renewable Energy
News Brief: Westbridge Renewable Energy

Globe and Mail

time26-07-2025

  • Business
  • Globe and Mail

News Brief: Westbridge Renewable Energy

%WestbridgeRenewableEnergy Corp. (TSXV: $WEB) (OTC: $WEGYF) (FRA: PUQ) a leading developer of utility-scale renewable energy and energy infrastructure, announces its intention to consolidate the Company's common shares. The Company announced that its Board of Directors has approved a consolidation of the Company's common shares on the basis of one post-consolidation Common Share for every four pre-consolidation Common Shares.

Enbridge reaches FID on 600MW Clear Fork solar project
Enbridge reaches FID on 600MW Clear Fork solar project

Yahoo

time23-07-2025

  • Business
  • Yahoo

Enbridge reaches FID on 600MW Clear Fork solar project

Enbridge has announced a final investment decision (FID) on the Clear Fork solar project near San Antonio in the US state of Texas. The 600 MW utility-scale facility is expected to commence operations by summer 2027. Enbridge's commitment involves an estimated $900m for construction. This investment is anticipated to be accretive to both cash flow and earnings per share from 2027 onwards. Meta Platforms has entered a long-term agreement to gain access to all renewable energy produced by Clear Fork. Enbridge renewable power president and corporate strategy executive vice-president Matthew Akman stated: "Clear Fork demonstrates the growing demand for renewable power across North America from blue-chip companies who are involved in technology and data centre operations. "Enbridge continues to advance its world-class renewables development portfolio using our financial strength, supply chain reach and construction expertise under a low-risk commercial model that delivers strong competitive returns." Construction on the Clear Fork site is already underway. In addition, Enbridge has also invested $8bn in green initiatives since its initial wind farm investment back in 2002, as reported by Bloomberg. The company's portfolio now includes 23 wind farms, 13 solar facilities and one geothermal plant. Together, these projects generate sufficient electricity to supply 1.3 million homes with power. Meta Global Energy head Urvi Parekh stated: "We are thrilled to partner with Enbridge to bring new renewable energy to Texas and help support our operations with 100% clean energy.' In June 2025, Meta Platforms agreed with XGS Energy to facilitate the development of a 150MW geothermal energy project in New Mexico. The project will be implemented in two phases, with the initial smaller phase and the larger second phase both operational by 2030. "Enbridge reaches FID on 600MW Clear Fork solar project" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

The Future of Quantum Computing
The Future of Quantum Computing

Bloomberg

time21-07-2025

  • Business
  • Bloomberg

The Future of Quantum Computing

00:00 Before I ask exactly what you're going to be doing and the force of quantum. But first, why is Chicago the place to be spending? I think at least a billion is what you're committing in capital. Yeah. So Chicago, we figured it was the best place in the world to do what we're doing here, which is building the country's first utility scale quantum computer. And that's really about an understanding that that folks have of, you know, just how big and hard it is to build a system of that scale. Let's talk about that for the application, because I maybe loosely say that quantum is often hyped. The hype is around when it can be purposeful, when it is going to be really, truly useful. We have breakthrough after breakthrough. Jeremy, How are you going to be offering something really useful for commercial purposes? Yeah, you're right that there has been a lot of hype and a lot of talk of breakthroughs. And fundamentally I my, my view is that breakthroughs precipitate a decade or more of of hard work, you know, real hard technological development. It's not breakthrough. And then suddenly you have a new technology. And that's certainly true with quantum computing. And so our breakthrough was a decade ago when we were university professors and we figured out a path whereby we could leverage the the semiconductor industry in the trillions of dollars that have gone into that and adjacent industries to build the real thing, which is a million cubit scale fault tolerant utility scale quantum computer. And so that's what we're that's what we're doing right here in Chicago. You professor over at Stanford, at Bristol Universities as well. Jeremy And I'm thinking about how photonics has become the area of real focus for you. How does that differentiate you from what others are doing? Yeah. So you're absolutely right. It's the silicon photonics platform that we spent 20 years figuring out what's the platform that enables us to leverage that semiconductor industry, because it's been my conviction since, I don't know, the mid, mid to late nineties that unless we figure that out, it's not going to happen in my lifetime. And when we figured that out, we established CI quantum and we spent many years and much blood, sweat and tears grinding away at the really hard semiconductor engineering problems to, to make that work. And now we're at this point where we're, we're poised to, you know, to break ground and build that facility here. Can you hate to say put yourself against the competition, but when you've got IBM out there saying here in upstate New York, we're going to be getting there by 2029, a real use case, Quantum computer. Jeremy, you've got the race on with, well, companies you've helped devise before. What I'm thinking what Microsoft's up to us and Google, where are you in comparison to that race as we like to put it? Yeah, I firstly, I'm not sure that it's a it's a race when it comes to hard technologies. It's in some sense it's a filter, right? But, you know, I can't speak for all the other different folks that are out there pursuing this. But I can say that, you know, our approach has been very different from the beginning, which is to really focus on the scale that's required for really valuable commercial applications. And it's been the case for 25 plus years that that's a million cubits scale system. And so we have had nothing to do with doing small demonstrations, proofs of principle of quantum computing. And that's been a very deliberate approach because it's a bit like, you know, if you're if you're trying to get to the top of the Sears Tower here in in Chicago, then, you know, ladders are a good way to to try and get to the to the top. But if you want to get to the moon, ladders are not really the way to get you there. And so we've taken a pretty antithetical approach, I would say, from from the beginning, which is to really focus on scale. And so when you're talking about a million qubit scale system, as I said, it's been, you know, clear to me for a very long time that the only way to be able to do that is to leverage the, you know, trillion dollars and, you know, better part of a century that went into the semiconductor industry and leverage and a billion that you're going to be investing in that project. And you take us to the Sears Tower. I go back to Chicago. What is the workings been like with the governor? Why have you managed to think that that is going to be where the talent pool is basically for you going forward? Yeah, I think from from the governor to the alderman and the entire ecosystem, we've really enjoyed great partnerships here. And it's been driven by, as I said earlier, the understanding of just how big complex and hard this project is. You know, to build a utility scale quantum computer, that's a very that's a very big hard project. And I'll give you just one example of that. Early in our interactions with the with the city in the state, a big delegation came to us in Silicon Valley, led by the deputy governor and the head of Ed. The power utility came to that very first meeting. And I think that's a big differentiator for us as an organization and for the ecosystem here, is to understand that, yeah, we need to get you know, we need to get power to the site, etc., etc.. So that's that's a really big part of of our decision.

ARRAY Technologies, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call
ARRAY Technologies, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call

Yahoo

time17-07-2025

  • Business
  • Yahoo

ARRAY Technologies, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call

ALBUQUERQUE, N.M., July 17, 2025 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (the 'Company' or 'ARRAY') (Nasdaq: ARRY), a global leader in utility-scale solar tracking, today announced that the Company will release its second quarter 2025 results after the market closes on Thursday, August 7, 2025, to be followed by a conference call at 5:00 p.m. (Eastern Time) that same day. The conference call can be accessed live over the phone by dialing (866)-682-6100 (domestic) or (862)-298-0702 (international), or via webcast of the live conference call by logging onto the Investor Relations section of the Company's website at A telephonic replay will be available approximately three hours after the call by dialing (877)-660-6853 (domestic), or (201)-612-7415 (international), with the passcode 13754449. The replay will be available until 11:59 p.m. (ET) on August 21, 2025. The online replay will be available for 30 days on the same website, immediately following the call. About ARRAY Technologies, Inc. ARRAY Technologies, Inc. (NASDAQ: ARRY) is a leading global provider of solar tracking technology to utility-scale and distributed generation customers, who construct, develop, and operate solar PV sites. With solutions engineered to withstand the harshest weather conditions, ARRAY's high-quality solar trackers, software platforms and field services combine to maximize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology - relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit Investor Relations Contact:Investor Relations505-437-0010investors@ Media Contact:Nicole

rPlus Energies Welcomes Jason Espersen as General Counsel
rPlus Energies Welcomes Jason Espersen as General Counsel

Yahoo

time17-07-2025

  • Business
  • Yahoo

rPlus Energies Welcomes Jason Espersen as General Counsel

Jason Espersen Headshot Espersen joins to support rPlus Energies' 15-gigawatt portfolio and continued national expansion SALT LAKE CITY, July 17, 2025 (GLOBE NEWSWIRE) -- rPlus Energies announced today the appointment of Jason Espersen as the company's General Counsel. Espersen brings several years of commercial and legal expertise in energy projects and infrastructure transactions, both domestically and internationally, with specialties in utility scale power plant development, construction, M&A, as well as with associated renewables supply chain, tariffs and trade compliance. 'rPlus Energies' demonstrated track-record and continued growth in the Intermountain West as well as the company's transition from developer and construction manager to independent power producer provides an exciting opportunity,' said Jason Espersen. 'I am thrilled to join their team of execution-oriented, community-minded experts.' Espersen's career includes high-level legal and commercial roles in different segments of the renewable energy industry. Prior to joining rPlus Energies, Espersen spent 10 years at SunPower Corporation and Maxeon Solar Technologies, the NASDAQ-listed spin-off from SunPower Corporation. Espersen began his legal career in energy at Vinson & Elkins LLP in Houston, TX. 'I'm pleased to welcome Jason to rPlus Energies,' said Luigi Resta, President and CEO. 'While he has big shoes to fill, Jason's depth of experience and expertise in utility scale transactions and policy will be a valuable asset as we continue to grow. In addition to his legal expertise, Jason's commitment to pro bono work supporting underserved communities aligns closely with the values we uphold at the company.' Espersen will transition into the role over the coming months as current General Counsel John Spilman begins his planned succession toward retirement. Through this transition period and beyond, Mr. Spilman will assume the role of General Counsel Emeritus for rPlus Energies. After a significant platform investment of up to $460 million from Sandbrook Capital last year, rPlus Energies secured over $1 billion in construction debt financing and over $500 million in tax equity financing for its Utah-based 800-megawatt (MW) Green River Energy Center. The company boasts a diversified portfolio of more than 15 gigawatts (GW) under development, including over 1 GW currently under construction and more than 600 megawatts of operating assets. About rPlus Energies rPlus Energies is a team of committed energy industry professionals working together to develop, own and operate utility scale renewable energy generation and electric storage projects in the United States. The company specializes in bringing projects to market through partnership with the private sector, municipalities, utilities, and industry-leading technology, service and finance providers. Its portfolio consists of a strategic mix of solar, battery, wind, and pumped storage hydro facilities. To date, rPlus Energies has raised over $690,000 to support local scholarships in the project communities. rPlus Energies is headquartered in Salt Lake City, Utah and is backed by Sandbrook Capital and Gardner Group. rPlus Energies Media ContactMarjorie Bongamarjorie@ A photo accompanying this announcement is available at

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