#Cleantech and #ClimateChange #Podcast - Are #Nuclear and #NaturalGas the New #Green?

 

 

 

#Cleantech and #ClimateChange #Podcast -  Are #Nuclear and #NaturalGas the New #Green? - New  Contraversial Proposal from #EU says yes, but history shows a seesaw of opinions  

 

January 14, 2022 - Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issues a special edition of the Cleantech and Climate Change Podcast, featuring a look as some of the new controversial  green initiatives being proposed .

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2022/011422-CleanTech.mp3

 

Read this in full at https://www.investorideas.com/news/2022/cleantech-climatechange/01141Nuclear-Natural-Gas.asp

 

Listen to the cleantech and climate change podcast on Spotify

 

Just when you think you have figured out green investing and you have bet on EV’s with Tesla (NASDAQ: TSLA) or NIO (NYSE: NIO)  , the European Union announces  plans to  make nuclear power and natural gas plants part of   green investments . This is  creating a lot of questions and controversy. This is not a done deal and may not pass but this is  what  they are thinking and it may drive investors to yet another direction in energy.

 

In a press release from January 1^st they said, “The European Commission began consultations yesterday with the Member States Expert Group on Sustainable Finance and the Platform on Sustainable Finance on a draft text of a Taxonomy Complementary Delegated Act covering certain gas and nuclear activities. “ 

 

They go on to say “Taking account of scientific advice and current technological progress, as well as varying transition challenges across Member States, the Commission considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future. Within the Taxonomy framework, this would mean classifying these energy sources under clear and tight conditions (for example, gas must come from renewable sources or have low emissions by 2035), in particular as they contribute to the transition to climate neutrality.”

 

They tell investors ,”  The EU Taxonomy is a robust, science-based transparency tool for companies and investors. It creates a common language that investors can use when investing in projects and economic activities that have a substantial positive impact on the climate and the environment. It will also introduce disclosure obligations on companies and financial market participants.”

 

This is all part of the plan to meet the objectives of the net zero plan for 2050 and the

The EU Green Deal .

 

So for investors I have to join their  confusion as we revisit headlines from 2019  like “Give Up Your Gas Stove To Save The Planet? Banning Gas Is The Next Climate Push”

From the August 2019 article – “In July, Berkeley, Calif., became the first city in the country to ban natural gas in new buildings, starting next year. City officials say new efficient electric appliances have lower carbon footprints than gas-powered furnaces and water heaters.

 

"We need to tackle climate change every way that we can and by doing this, we're not asking people to change that much," says Kate Harrison, the Berkeley City Council member who led the initiative.”

 

Yet in Obama’s 2014  State of the Union address he said, "If extracted safely," Obama said, natural gas is "the 'bridge fuel' that can power our economy with less of the carbon pollution that causes climate change."

 

And that’s  just a brief view of the whipsaw of opinions on natural gas over the years ;  when you  Google ,why  is nuclear energy not considered green? you get this answer:

The mining, milling and enrichment of uranium into nuclear fuel are extremely energy-intensive and result in the emission of carbon dioxide into the atmosphere from the burning of fossil fuels. ... Thermal pollution from nuclear power plants adversely affects marine ecosystems.

 

But as they say in their proposal –  don’t worry,  they will be classifying these energy sources under clear and tight conditions.

 

My advice to investors is do your own due- diligence and dig deep through all the layers of a product or energy source  and find out all the real benefits and potential problems of the solution being presented. It’s your money – your time is worth it .Don’t  just rely on headlines and the new buzzwords when it comes to the generational health of this planet and the people living on it.

 

Thanks, that’s it for today. Do something good for this beautiful planet each and every day.

 

If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411

For investors following cleantech stocks we do have a directory of publicly traded stocks – visit

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

 

The Investorideas.com podcasts are also available on iTunes ( Apple Podcasts) ,  Amazon, Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Play Music and most audio platforms available.

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#RenewableEnergy #Stock News- Solar Integrated Roofing Corp. (OTC: $SIRC) Reports Record Third Quarter Fiscal 2022 Financial Results; @SIRCStock

#RenewableEnergy #Stock News- Solar Integrated Roofing Corp.  (OTC: $SIRC) Reports Record Third Quarter Fiscal 2022 Financial Results; @SIRCStock

 

On-Track to Substantially Exceed $100M Financial Guidance as Annual Run-Rate Approaches $200M

 

Third Quarter Fiscal 2022 Revenue Increases 964% Year-over-Year to Record $48.2 Million; Management Guides Significant Sequential Revenue Growth Entering CY2022

 

EL CAJON, CA / January 14, 2022 / Solar stock news from Investorideas.com Newswire and RenewableEnergyStocks.com  - Solar Integrated Roofing Corp. (OTC: SIRC),  an integrated, single-source solar power, roofing systems installation and EV charging company, has reported its financial and operational results for the third quarter ended November 30, 2021.

 

Read this news, featuring SIRC in full at https://www.investorideas.com/news/2022/renewable-energy/01141Record-Third-Quarter.asp

 

Key Third Quarter and Subsequent Highlights

·        Revenue for the third quarter of fiscal 2022 increased 964% to $48.2 million, as compared to revenue of $4.5 million in the same year-ago quarter.

·        Secured lease agreement with Mohave Farms, a tier-1 multi-generational agriculture operator, to build and operate a $36 million micro-grid project for a 20,000 acre farm near Kingman, Arizona.

·        Partnered with Heartland Construction, a national alternative energy developer, to provide electric vehicle (EV) charging station installations for Heartland solar projects.

·        Formed a strategic partnership with Storm Ventures Group ("SVG") and SVG University to educate contractors within the SVG network on the benefits of adding solar to their service offering via USA Solar Networks, a member of the SIRC family of companies.

·        Partnered with the Founders of RxSeedCoin, a cryptocurrency asset listed on the Stellar Exchange, to develop a cryptocurrency funding solution for humanitarian commercial solar projects.

·        Appointed an experienced executive team to support the Company’s rapid growth, including veteran finance executive Wanda Witoslawski as Chief Financial Officer, industry executive Pablo Diaz as President and respected operations executive Dr. Philip Yin as Chief Operating Officer of SIRC subsidiary, USA Solar Networks.

·        Appointed renewable energy finance executive Héctor Peña to the Board of Directors.

·        Initiated targeted program to realize significant cost synergies across the SIRC family of companies, creating a shared corporate infrastructure to lower costs and improve operating efficiency.

·        Entered into a $42.0 million equity purchase agreement with Arbiter Capital LLC to be used for share buybacks, acquisitions and to invest in continued organic growth.

 

Management Commentary

“The third quarter of fiscal 2022 was highlighted by record revenue of $48.2 million, driven by seamless integration of our rapidly growing, high-margin acquisitions and our evolution into a truly national brand,” said David Massey, Chief Executive Officer of Solar Integrated Roofing Corporation. “The rapid pace of our acquisitions, partnerships and organic sales growth has enabled this incredible record revenue achievement, and we aim towards substantially exceeding our fairly conservative guidance for $100 million in revenue in the twelve months ended May 31, 2022.  However, this is only a fraction of the run-rate I believe we can achieve by the end of this calendar year with significant sequential growth expected throughout CY2022.  It is impossible for me to overstate what a triumphant accomplishment this quarter represents, serving as both a milestone and a turning point in the company’s history.  We continue to focus on integration of our acquired companies, allowing us to capture the full revenue lifecycle of our customers while bringing new synergies and efficiencies across the SIRC family of companies.

 

“Our prominent national brand and accomplishments have helped to attract new partnerships across a wide variety of industries, utilizing our products and expertise across solar, battery backup, EV charging and roofing installation.  From EV power charging stations, to powering water harvesting products, to enabling cleaner poultry farming – our diverse array of end-customers continues to amaze us as they identify exciting, unique use cases for our clean energy solutions.

 

“As we transition into CY2022, we look forward to completing the next phase of our journey by implementing a name change to SolarEV and a planned ticker change to POWR. While our record quarter clearly demonstrates proven success in solar, we intend to redouble our efforts to become an equally dominant, national player in the EV charging space, with an eye towards exponential, dual-industry growth and an improved focus on generating shareholder value.

 

“Looking ahead, empowered by a recent equity purchase agreement with Arbiter Bank, we are setting off on the next leg in our acquisition journey. We have identified several extremely promising candidates with healthy potential at attractive prices that require no dilution whatsoever to our shareholders.

 

“Finally, we will continue and improve upon our ongoing efforts to engage with our shareholders through our frequent Q&A events and presentations. As CEO, I have never been more excited to see what the future holds for our beloved company. I would like to personally thank each and every one of our valued shareholders for their support in making our successful transition to an industry powerhouse possible,” concluded Massey.

 

Third Quarter Fiscal 2022 Financial Results

Revenue for the third quarter of fiscal 2022 increased 964% to $48.2 million, as compared to revenue of $4.5 million in the same year-ago quarter. The increase was driven by the Company’s continued acquisitions, as well as continued organic growth across the SIRC family of companies.

 

Gross profit increased 2,372% to $25.2 million, or 52% of total revenues, in the third quarter of fiscal 2022, as compared to $1.0 million, or 22% of total revenues, in the same year-ago quarter.

 

Total operating expenses for the third quarter of fiscal 2022 were $7.1 million, as compared to total operating expenses of $1.6 million for the same year-ago quarter. The increase was mainly attributable to increased operational scale, driven by a series of acquisitions made in the prior preceding year.

 

Net income for the third quarter of fiscal 2022 was $18.4 million, or $(0.05) per basic and diluted common share, as compared to a net loss of $0.6 million, or $(0.00) per basic and diluted common share, in the third quarter of fiscal year 2021.

Cash and cash equivalents totaled $1.5 million as of November 30, 2021, as compared to $10.3 million at February 28, 2021.

 

About Solar Integrated Roofing Corp.

Solar Integrated Roofing Corp. (OTC:SIRC), is an integrated, single-source solar power, roofing systems installation and EV charging company specializing in commercial and residential properties throughout the United States. The Company serves communities by delivering the best experience through constant innovation & legacy-focused leadership. The Company's broad array of solutions include sales and installation of solar energy systems, battery backup and electric vehicle (EV) charging stations to roofing, HVAC and related electrical contracting work. For more information, please visit the Company's website at www.solarintegratedroofing.com.

 

Forward-Looking Statements

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

 

Investor Relations Contact:
Lucas A. Zimmerman
Director
MZ North America
Main: 949-259-4987
SIRC@mzgroup.us
www.mzgroup.us

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring SIRC is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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SinglePoint Inc. (OTCQB: $SING) Subsidiary, BOX Pure Air, Receives Nearly $2M Purchase Order with North Carolina School District for Full Implementation of AIRBOX™ #AirPurifiers to Address Indoor Air Quality @_Singlepoint_

SinglePoint Inc. (OTCQB: $SING) Subsidiary, BOX Pure Air, Receives Nearly $2M Purchase Order with North Carolina School District for Full Implementation of AIRBOX™ #AirPurifiers to Address Indoor Air Quality @_Singlepoint_

PHOENIX - January 14, 2022 (Investorideas.com Newswire) SinglePoint Inc. (OTCQB: SING) ("SinglePoint" or the "Company") subsidiary BOX Pure Air, a company dedicated to creating safe, clean indoor air zones to improve overall air quality and general health, today announced the receipt of a purchase order from a North Carolina school district to fully implement a clean indoor air solution utilizing the AirBox™ Apex, Peak and Mesa units. This is the Company's first larger purchase totaling nearly $2.0M dollars. The North Carolina school district is implementing a full campus solution customized to the specific needs within the various indoor rooms' combination of units. AIRBOX AIR PURIFIERS™ are commercial-grade solution built in the USA that uses Certified HEPA filtration with high velocity to affect the dynamic room air flow for a comprehensive pathogen hardened solution. AirBox is high quality, requires low maintenance, is easy to use and offers a 5-year warranty on all products.

"The team at BOX Pure Air, have collaborated with this district since the early spring of 2021 in order to create safe indoor air environments. We are pleased with their decision to move forward with our Made in the USA Commercial AIRBOX Air Purification Units that utilize Certified HEPA filtration distributed by BOX Pure Air. This is the first full implementation order of an entire district and although this district represents less than 25 schools, we are in active discussions with several other individual schools and small, medium and large school districts. The indications of interest from school Superintendents, Facilities Managers and other key decision makers continues to accelerate and we continue to see incremental increases in orders coinciding with actual availability of the federal funding," stated Ryan Cowell, CEO of BOX Pure Air.

EPA studies of human exposure to air pollutants indicate that indoor levels of pollutants may be two to five times - and occasionally more than 100 times - higher than outdoor levels. These levels of indoor air pollutants are of particular concern, because most people spend about 90 percent of their time indoors.

School districts are increasingly interested in providing cleaner indoor air quality in areas of the building where it can be difficult to enforce social distancing. In addition to COVID, the common cold and flu often rapidly spreads throughout schools during the winter months. This causes many students and faculty undue missed days of school impacting both the child's education and their families at home. The national government funding that is now being deployed will enable the schools to purchase high efficiency portable air purification units that utilize certified HEPA filtration to improve the health and well-being of students and staff within our nation's schools.

"This is an exciting time for the SinglePoint shareholders and stakeholders as we are beginning to see growing demand for clean indoor air solutions and we are well-positioned to take advantage of that increasing demand to create clean indoor air environments at school, at work and at home. This initial full implementation of a school district reaffirms our decision to acquire BOX Pure Air and the initial go-to-market strategy which was and still is primarily focused on our nation's schools as they look for solutions to keep schools open and provide clean air for students and educators. While the aggregate size of this school district is small the opportunity for SinglePoint shareholders is large as there are over 130,000 K-12 schools in the US. The team at BOX Pure Air has done a phenomenal job securing initial orders not just in K-12 schools but within various colleges and universities as they look for similar solutions within the common educational areas but also within on-campus student residence halls and dormitories. We expect that BOX Pure Air will continue to secure additional sales in the near term and continue to establish itself as a leader in creating safe, clean indoor air zones as clean indoor air can no longer be ignored and is an essential right," commented Wil Ralston, CEO of SinglePoint.

Units will be deployed throughout the district's schools in elementary, middle and high school classrooms, cafeterias, libraries administrative offices, teachers lounges, counseling centers, media centers, conference rooms, multi-purpose rooms, common areas, nurses offices, auditoriums, gymnasiums, locker rooms, film rooms, weight rooms, etc. The units were purchased as a long-term solution comprised of AirBox™ Commercial Air Purifiers utilizing Antimicrobial and Certified HEPA Filters and additional filters designed for coverage over the next three years.

The AIRBOX™ products (APEX, APEX 2.0, PEAK and MESA) are commercial-grade, American made, high-proficiency energy-efficient air purification technology to meet the growing demand for improving indoor air quality. AIRBOX products are designed, built, and certified to government standards, and meet the FDA's enforcement policy guidelines for air purifiers during COVID-19, as well as Department of Education (DOE) requirements, and OSHA, CDC, and ASHRAE conformance. AIRBOX is UL listed and uses only CERTIFIED HEPA filters in all its Safe Air Plan applications.

About BOX Pure Air, LLC

BOX Pure Air strives to provide the best products to help clean air through the deployment of high-efficiency air purification technologies. Box Pure Air works with national accounts and has exculsive multi state territories as well as exclusive international rights. Learn more at www.boxpureair.com

BOX Pure Air is a subsidiary of SinglePoint, Inc. (OTCQB: SING)

Contact Information:

info@boxpureair.com
(843) 936-6649

About SinglePoint Inc.

SinglePoint Inc. is a renewable energy and sustainable lifestyle company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com) and connect on LinkedIn, Twitter, Facebook, and YouTube.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Investor Contact:

JTC Team, LLC
Jenene Thomas
833-475-8247
SING@jtcir.com

SOURCE SinglePoint Inc.

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All Eyes on the #EV Sector: #Stocks to watch (TSXV: $NBM.V) (OTC: $NBMFF) (NASDAQ: $RIVN) (NASDAQ: $LCID) (NASDAQ: $SLDP) (NYSE: $F) @neo_battery @Rivian @LucidMotors @SolidPowerInc @Ford

All Eyes on the #EV Sector: #Stocks to watch (TSXV: $NBM.V) (OTC: $NBMFF) (NASDAQ: $RIVN) (NASDAQ: $LCID) (NASDAQ: $SLDP) (NYSE: $F) @neo_battery @Rivian @LucidMotors @SolidPowerInc @Ford

 

Point Roberts WA, Delta, BC –January 4, 2022 - Investorideas.com, a leading investor news resource covering battery and EV stocks releases a special report featuring NEO Battery Materials Ltd. (TSXV: NBM) (OTC: NBMFF), a Vancouver-based company focused on silicon anode materials for EV lithium-ion batteries. Investor ideas reports on how, even amidst issues with battery demand and efficiency for the EV space, the industry is still attracting huge investor attention and progressing at a rapid pace.

 

Read this article, featuring NBM in full at https://www.investorideas.com/news/2022/renewable-energy/01041EV-NBM-RIVN-LCID-SLDP-F.asp

 

In a recent Forbes article discussing the EV market they reported, “the ease with which next-generation electric vehicle companies Rivian, Lucid and Fisker raked in billions of dollars from investors in 2021–combined with Tesla blowing past a once-unthinkable market cap of $1 trillion–marked the shift to an automotive era that’s racing to kick climate-warming carbon fuels. In the year ahead momentum shifts to auto giants General Motors, Volkswagen, Toyota and Hyundai, which are upping their electric game–and Ford with a battery-powered pickup aimed squarely at the heart of the U.S. market.”

 

The article continued, “This will be a watershed model release as Ford capitalizes on its entrenched position with customers on the EV front,” says Dan Ives, an equity analyst for Wedbush Securities. Along with the work-oriented Lightning, Rivian’s sporty R1T electric truck targeting outdoor enthusiasts will further expand the EV space (it was named MotorTrend’s “truck of the year in December). “Ford and Rivian coming out of the gates are the clear leaders in this EV pickup truck arms race which is a $1 trillion market over the next decade based on our estimates.”

 

NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF) just shared a review of 2021 related to the advancement of the Company’s patented and proprietary silicon anode active materials for electric vehicle lithium-ion batteries.

 

NEO Battery Materials Ltd. is a company that focuses on the anode material of the 4 core battery materials: 1) Anode, 2) Cathode, 3) Separator, and 4) Electrolyte. The Company is advancing a proprietary nanotechnology to produce Silicon Anode Materials through a low-cost, single-step manufacturing process.

 

With accelerating efforts to replace parts of graphite with silicon in the anode material, the silicon anode active materials market faces a significant growth potential of 70-80% compound annual growth rate (CAGR) over the next five years, reaching a market size of approximately $5B CAD.

 

NEO Battery Materials offers a cost-competitive silicon anode material technology that 1) increases the battery run-time through improving the energy density with silicon, 2) ultra-flexibility characteristics that enable structural durability and robustness, and 3) ultra-fast charging capability through enhancing the wettability of silicon particles with its nanocoating layers.

 

Recently the company has established a 2-Track Silicon (Si) Anode Material Development Process: 1) Silicon Microparticles and 2) Silicon Nanoparticles. The Company has selected to innovate with silicon microparticles due to the significant cost savings for raw material input cost compared to silicon nanoparticles, which microparticles are on average 8 to 10 times cost-effective than nanoparticles.

 

NBM also successfully launched 3 Silicon Microparticle Anode Material Products, named NBMSiDE, with the trademark pending approval through the Korean Intellectual Property Office. Each NBMSiDE product retains unique nano coating materials and characteristics that enable the silicon microparticles to perform as an anode material. Over the year, NEO’s patent portfolio expanded from 3 issued or pending in February 2021 to 5 issued or pending patents at the end of December 2021.

 

In the company’s business developments they have increased the non-disclosure agreement (“NDA”) count from 2 in March 2021 to approximately 20 NDAs which include globally established industry players in the battery cell manufacturing, materials manufacturing, and automotive industries as well as completed the establishment of the wholly-owned South Korean subsidiary, NEO Battery Materials Korea Co., Ltd., for flexibility of operations in South Korea and creating relationships with battery manufacturers and government entities.

 

NBM also signed a Letter of Intent with the University of Toronto and an Undisclosed Global OEM for a research consortium on the R&D and scale-up of electric vehicle (EV) battery material technologies and formed a licensing agreement and collaborative development agreement with the Yonsei University of South Korea for the development and advancement of NBMSiDE manufacturing and nanocoating material technologies for high-performance EV lithium-ion batteries.

 

Mr. Spencer Huh, President and CEO of NEO expressed, “2021 was a highly special and historical year to NEO. We hold great confidence and belief that we will be among the advanced and crucial components of the supply chain for the promising lithium-ion battery industry in the coming years. We expect that 2022 will be another decisive year to achieve important and noticeable milestones related to the commercialization and performance improvement of NBMSiDE. On behalf of management and the board of directors, we would like to thank all our team and our valued shareholders for a great 2021. We will move forward at full capacity to maximize our shareholders’ value in 2022, and we wish you the best Happy New Year.”

 

The need for better and bigger batteries is affecting the entire industry as companies like Rivian Automotive, Inc. (NASDAQ: RIVN) recently announced delayed deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023.

 

The auto giant has around 71,000 preorders of R1T pickup trucks and R1S SUVs in the United States and Canada, but the majority of them are for the small battery pack version of the vehicles, which provides 314 miles of range on one charge. On the other hand, the bigger battery pack, known as the Max pack, is expected to offer 400 miles on a single charge. However, this version accounts for only 20% of the total preorders.

 

In order to cater to the larger chunk of preorder holders, the company has decided to push back the priority timeline of building the Adventure Package with a large pack battery.

 

Explore Package preorders and vehicles with a Max pack battery configuration will follow suit in 2023. The company stated that the timings of its deliveries optimize its build sequence so that the best build combination offering the largest possible positive climate impact is prioritized.

 

To ensure that its customers remain updated about the vehicle delivery status at all times, the EV manufacturer has plans to introduce a feature on the accounts of Rivian customers that will display their current delivery timing estimate, by early 2022.

 

After having reported its first quarterly results as a listed firm earlier this month, the electric-vehicle maker has been hit by production challenges due to the ongoing supply-chain crisis, a global pandemic-induced tightened labor market and short-term issues around building electric battery modules. Despite the bottlenecks, it is to be noted that the company has already delivered 386 of the 652 vehicles that it built, including its pickup and SUV.

 

Shares of Rivian plunged 14.1% over the month compared to its industry’s decline of 5%.

 

While some companies may be struggling against the tide of battery demand, Lucid Group (NASDAQ: LCID), which is setting new standards with its advanced luxury EVs, recently announced the full exercise of the 15% "greenshoe" option under the convertible senior notes offering announced on December 8, 2021, raising an additional $262,500,000 for Lucid's business under this offering and bringing the total gross proceeds to $2,012,500,000. Comprised of green bonds, this offering means that Lucid will spend an amount equal to the proceeds on eligible green investments in its business, underscoring the company's commitment to addressing climate change and environmental challenges.

 

This also marked the beginning of trading for Lucid Group as part of the Nasdaq-100 Index®, one of the world's preeminent large-cap growth indexes.

 

"This funding will allow Lucid to carry out key milestones and growth plans further into the future, thereby mitigating risk in the business. It's also one of the largest green convertible offerings in market history, reflecting the strength and mission of our business, our track record of performance, and the enormous growth opportunity that lies in front of us," said Sherry House, CFO, Lucid Group. "We are also pleased to begin trading as part of the Nasdaq-100 Index, with Lucid added as a member of this impressive index of technology and innovation leaders."

 

Showing how heavy EV enthusiasm is still driving the industry even amongst it’s issues, a Colorado battery technology company, Solid Power Inc. (NASDAQ:SLDP) that Ford Motor Company (NYSE:F) and BMW have invested in, raised $542.9 million by going public through a reverse merger.

 

Louisville-based Solid Power Inc. shares appeared on the Nasdaq exchange a day after the closure of its acquisition by Decarbonization Plus Acquisition Corporation III (Nasdaq: DCRC), a special purpose acquisition company, or SPAC, formed to get the battery startup publicly listed.

 

The company’s solid-state battery technology promises to create batteries for electric vehicles that would be lighter, faster-charging and safer than existing lithium-ion batteries that use liquid electrolytes.

 

The SPAC deal brought Solid Power enough cash to begin commercial-scale production and integrate its solid-state batteries for use in electric vehicles in 2026.

 

“It’s a little surreal,” said Doug Campbell, Co-Founder and CEO of Solid Power, by phone from New York City just after watching the company’s shares begin trading under its own ticker symbol (Nasdaq: SLDP). “It’s been quite a journey.”

 

“We’ve got a fully funded business through 2026,” he said. “This gets us to a revenue-sustaining model, and that’s pretty cool.”

 

Solid Power has developed a new kind of battery, one that doesn't use liquid electrolytes common in lithium-ion batteries. The solid-state batteries will be more powerful, lighter and far less prone to catch fire, making electric vehicles using them able to go farther on faster charges while being safer than current batteries, Solid Power says.

 

The biggest surprise of the SPAC merger taking the company public was how few — less than 1% — of the pre-merger shareholders cashed out instead of remaining invested in Solid Power, Campbell said. "In hindsight, we did remarkably well," he said.

The company spent its early years proving solid-state battery technology. It more recently developed the process to produce the batteries at a commercial scale

 

There is no debate over whether or not there are still issues regarding supply, efficiency and size for EV batteries, but as more investors continue to be attracted to the sector making raising capital a simple matter for these companies, it seems there are a myriad of solutions on the horizon.

 

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