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Nextracker Acquires Ojjo to Expand Utility-Scale Solar Tracker Foundations Business
FREMONT, Calif., June 20, 2024 – Nextracker (NASDAQ: NXT), a global provider of intelligent solar tracker and software solutions, today announced it has acquired Ojjo in an all-cash transaction for approximately $119 million. The purchase price is subject to working capital and other customary purchase price adjustments. Ojjo is a U.S.-based renewable energy company specializing in foundation technology ...
Infinitum Founder Ben Schuler Named Among Bloomberg BusinessWeek’s Green Ones to Watch
AUSTIN, Texas–(BUSINESS WIRE)–Infinitum, creator of the sustainable electric motor, today announced that Ben Schuler, founder and CEO, has been named among Bloomberg BusinessWeek’s Green Ones to Watch, an inaugural list of people poised to be the climate leaders of tomorrow. Bloomberg BusinessWeek’s Green Ones to Watch highlights 13 diverse, emerging leaders advancing the world toward net zero with ...
Now Form Energy is using its battery tech to clean up iron and steel
The energy storage startup is adapting its iron-air battery technology to make low-carbon iron, a key input for decarbonizing the steel industry. Form Energy launched in 2017 to tackle one of the biggest problems hindering the clean energy transition: how to cheaply store renewable energy for days on end. In developing its iron-air battery, though, the company stumbled on ...