Article
Universal Hydrogen and Avmax Announce Firm Order for Hydrogen Conversion and Fuel Services for 20 Regional Aircraft
Description
'Canada is the largest regional turboprop market in the world putting a responsibility on companies like Avmax to identify and adopt the technologies that enable us to thrive while reducing environmental impact,' said Scott Greig, SVP and head of Avmax Aircraft Leasing Inc. Today, Universal Hydrogen Co., the leader in hydrogen fuel services and aircraft conversions, announced that Avmax Aircraft Leasing Inc. placed a firm order to convert 20 regional aircraft to run on green hydrogen. Within this order, Avmax has the flexibility to select between Universal Hydrogen's ATR 72-600 and Dash 8-300 conversion kits. Further, Universal Hydrogen will provide hydrogen fuel to power both Avmax's leased and owned fleets.
Other articles in the issue
-
Revterra Raises $6M in Series A, Global Investors Support Development of Grid-Stabilizing Kinetic Battery
Revterra Corporation, a Houston-based technology company developing a grid-stabilizing kinetic battery, today announced a $6M Series A financing led by Equinor Ventures and joined by SCF Ventures. The capital raised will fund product development, hiring, and the commercialization of Revterra's S100 kinetic battery to accelerate the rapid electrification of transportation and enable increased renewable energy deployment without destabilizing the electric grid.
-
Pattern Energy Acquires SunZia Transmission Project
Pattern Energy Group LP (Pattern Energy) announced it has acquired the SunZia Transmission project from SouthWestern Power Group, a wholly owned subsidiary of MMR Group, Inc. SunZia Transmission consists of a 550-mile bi-directional ± 525 kV high-voltage direct current (HVDC) transmission line between central New Mexico and south-central Arizona, with the capacity to transport up to 3,000 MW of clean, renewable energy.
-
Chase Corporation to Acquire NuCera Solutions, a Portfolio Company of SK Capital
An affiliate of funds advised by SK Capital Partners, LP ('SK Capital') announced today that it has reached an agreement to sell NuCera Solutions ('NuCera' or the 'Company') to Chase Corporation (NYSE American: CCF), a leading manufacturer of protective materials for high reliability applications. NuCera was acquired for a purchase price of $250.0 million, pending any working capital adjustments and excluding acquisition-related costs.
-
Steel Dynamics Announces Investment in New State-of-the-Art Low-Carbon Aluminum Flat Rolled Mill, Aligned with Its Core Steelmaking and Recycling Platforms
Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that its Board of Directors has authorized the company to construct and operate a 650,000-tonne low-carbon, recycled aluminum flat rolled mill, with two supporting satellite recycled aluminum slab centers. The capital investment is estimated to be $2.2 billion for the three facilities, and commercial production is planned to begin in the first quarter 2025.
-
Exelon Foundation and Exelon Corporation Select Nine Startups in Third Round of Climate Change Investment Initiative
The Exelon Foundation and Exelon Corporation (Nasdaq: EXC), a Fortune 200 company and the nation's premier energy transmission and distribution utility company, have selected nine startups to receive funding as part of its Climate Change Investment Initiative (2c2i), a 10-year, $20 million initiative that focuses on start-ups with bright ideas and clean energy and environmentally sustainable technologies with potential for wide-scale impact.