Home > Companies > C-Suite On Deck > Q&A with Jeremiah Emanuel Josey, Founder and CEO at The Thorium Network

Q&A with Jeremiah Emanuel Josey, Founder and CEO at The Thorium Network

Jeremiah Emanuel Josey, Founder and CEO at The Thorium Network, is an energy specialist interested mostly in CIS and the Middle East. He founded The Thorium Network in early 2018, following discussions with Armenia for their spent on nuclear fuel, because "the timing was right." He is also the Chairman of MECi Group. He focuses mostly on rapid business growth, profit generation, restructuring, operational efficiency, business development, and sales. He has built and rebuilt companies and steered projects and companies that measure in billions of Euros.

The important thing to remember is that the higher the EROI, the better in every possible way. Such a high EROI makes fission energy from molten salt technology the most adaptable form of energy production we have on the planet.



MEDIA 7: Could you please take us through your professional journey?
JEREMIAH EMANUEL JOSEY: I’ve always found myself at the edge of technology in the industrial sector - handling hydrocarbons, IT, advanced materials (eg. monel), radiology (used for NDT, etc.), and getting things done in novel and successful ways. I was installing new technology and redefining old ways when I first started my professional career with the oil company BP. After moving from one project to the next, I quickly ran out of space in the project deficit environment of Australia. I was involved with projects in the billions and then I realized that we got the same time whether large or small, so there was no reason to go small anymore. I decided to leave Australia and pursue larger projects and my own projects. Hence, before starting The Thorium Network I had an extensive career in the energy sector (mainly oil and gas).

Here are some of the highlights:

1. “Family Office”
An Arabic private family business with a 40-year history had accumulated 200 million USD in equity value. But they were stuck. The 3 sons (all in their 40’s) had no business experience. There were multiple lawsuits against them, including international ones, due to their mistakes and incompetence. Internal corruption and graft from their “loyal” staff meant nothing was going forward. Over a 6 month period, Mr. Josey “opened their eyes”. Mr. Josey taught them how to talk to the banks to get the right credit terms. Got them buying gold. Introduced multiple commercial real estate properties in the UK to them. Pointed out how their staff was stealing from them. Brought in high-level legal counsel – the best in the country. Brought in the person who was senior in the team for building McLaren’s UK HQ (recently on the market for 200m GBP). Within the next 12 months, the family entirely replaced their upper management, including their full legal team with highly trained, western expatriates. The family then went on a construction and acquisition campaign, including establishing an investment house, bringing in investment partners, and expanding into other Arabic countries.
The estimated equity value of the family after Mr. Josey’s advice and 18 months of effort: 1 billion USD.

https://www.carmagazine.co.uk/car-news/industry-news/mclaren/technology-centre/

2. “Oil and Gas EPC Construction Company”
The subsidiary of a publicly listed company was going bankrupt. Mr. Josey first did a forensic analysis of the financials and their project history. Cash flow predictions showed the business would close within 6 months. The analysis found 1.5 million USD “hiding in plain sight” on the balance sheet. (Accounting team was planning to hide it permanently). Discovered more history of project graft by the project management (over-buying project materials, side selling, etc). Mr. Josey rebuilt the image of the company with clients and banks, started debt recovery for unpaid invoices, and commenced tendering again (which had been stopped 12 months earlier because there was “no money”). Within 18 months over 3 billion USD was tendered and 260 million USD (8%) of new contracts had been won (with a profit of 10% min). A huge success in any language.

3. “Crude Oil Pipeline”
Kuwait Oil Company (KOC) was using 50-year-old pipelines to move ~1 million barrels per day from their northern fields. Regular leaks and shutdowns proved a high and urgent need for replacements. Being so old, the pipelines were operated manually, with no safety features or remote operations. Mr. Josey came in when the British engineering company had stopped work, wasn’t being paid and the project stalled. Mr. Josey negotiated with KOC’s outstanding payment. Then Mr. Josey increased the fees for the engineering company by 100% (2,000,000 GBP) and built a team of 30 people to produce commercial and technical documents for the project. Mr. Josey brought an EPC contractor in to do the work – ABB of Switzerland through their project offices in Milan. Mr. Josey fast-tracked the project, including guiding KOC on establishing their capital management program (spending 10 billion USD per year). Mr. Josey’s experience with Chevron and BP made this a straightforward process. FEED documents were completed in 6 months. Contract awarded within another 6 months. Both feats were unheard of in the country before, where FEED usually took years and awarding contracts take longer.

Mr. Josey orchestrated the first fully remote-operated, safety-featured crude oil pipeline in the country in record time. The project value was about 166 million USD.

https://new.abb.com/oil-and-gas/case-studies/midstream-transportation/kuwait-oil

Note: As a result of Mr. Josey’s mentoring and coaching on this pipeline project, the junior KOC engineer (a Kuwaiti) was promoted and went on to project manage the largest contract of that time - 7 billion USD.

https://www.hydrocarbons-technology.com/projects/lower-fars-heavy-oil-development-project/


M7: What is The Thorium Network’s Isotope Management System? Could you please tell us a little bit about it?
JEJ: It’s pretty straightforward. Essentially, if you define the internet as a platform for data exchange, then blockchain is the platform for the integrity of that information. The two go hand in hand and the timing couldn't be better. We are on the verge of a great expansion in the number of fission energy systems around the world, particularly with “Small Modular Reactors” - we wrote about this in May this year in Germany’s Nuclear Technology Magazine (nucmag.com). Hence our solution utilizes the strength of blockchain to put these isotopes into the blockchain. That is not so novel, but what is unique is our proprietary combination of hardware and software that makes it so. We want everyone to obtain their fissioning fuel using our system, particularly the solutions required for molten salt operation. Regulators, governments, and the general public will be able to trust energy from fission, something unheard of from the industry before.


We are what we think about, so make what you want your primary thought and focus. Everything else is secondary. Treat it as such.



M7: What are some of the benefits of using Thorium Molten Salt Burners?
JEJ: Again, the energy obtained from a Thorium Molten Salt Burner is orders of magnitude higher than any other form of energy source we presently have on this planet. The fuel is abundant - as common as lead - and hence Thorium is very cheap as a fuel source. We have thousands of years of supply on the planet and many countries will become energy independent using it. Producing energy from Thorium Molten Salt has a tiny impact on the environment. What remains after energy production is tiny and much easier to handle than the billions of tonnes of poisonous waste from a coal-fired power station or the millions of tonnes of toxins from the manufacturing of solar panels or even the hundreds of thousands of discarded wind turbines (after only 20 years of useful life). In my book that’s the only way to go.


M7: How effective and adaptable is Thorium compared to all the other alternative energy sources available now?
JEJ: A standard shipping container (“40 foot”) can hold a 100MW burner which can be buried - like a battery - for more than 20 years. No utilities are required. How adaptable is that? It’s incredibly adaptable. Each unit can be made impenetrable, and secure for decades, with all operational data going into a secure, transparent and immutable blockchain. I won’t get into the details of the Energy Return on Investment (EROI) but only share a summary published by the Australian government. The EROI is 2000:1 for molten salt fission technology. (Yes, that is two thousand to one. It’s not a typo). It is only 1.6:1 for solar(one point six), 3.9:1 for wind, and only 30:1 for natural gas. The important thing to remember is that the higher the EROI, the better in every possible way. Such a high EROI makes fission energy from molten salt technology the most adaptable form of energy production we have on the planet.


The fuel is abundant - as common as lead - and hence Thorium is very cheap as a fuel source. We have thousands of years of supply on the planet and many countries will become energy independent using it.



M7: At The Thorium Network, how do you hope to facilitate the development of a clean energy economy?
JEJ: By adopting and using our network, researchers, academics, and other entrepreneurs are able to access a fuel source they would not have been able to access before. Thus, we are able to accelerate the adoption of this brilliant technology. Additionally, by using the fundraising mechanisms made possible by blockchain (aka tokens), we are able to access worldwide public funds in a totally decentralized manner. The public is able to pre-purchase their energy and redeem it using the utility tokens they own from our project. This has not been possible before.


M7: The best advice you have ever received?
JEJ: We are what we think about, so make what you want your primary thought and focus. Everything else is secondary. Treat it as such.

ABOUT THE THORIUM NETWORK

The Thorium Network was formed in 2017 after a meeting with the government of a former USSR country - to negotiate obtaining their spent nuclear fuel - it became clear that the status quo had to go. They were in the 2nd decade of the 21st century, with unparalleled access to information and people like never before, yet using systems - and attitudes - from the 1950’s. There just had to be a different way. After a bit of thinking it became a natural combination: blockchain and fission energy - for civilian energy production.

More C-Suite on deck

Q&A with Susan Stone, CEO at Ubiquitous Energy, Inc.

Media 7 | March 18, 2021

Susan Stone, CEO at Ubiquitous Energy, Inc. has been a longtime board member and investor in the company. Prior to joining Ubiquitous, she was the founder and CEO of Sierra Wasatch Capital, an early-stage venture capital firm, and managed early-stage investing for Riverhorse Investments, Inc. Susan has also worked at JPMorgan in New York and Houlihan Lokey in Los Angeles as an investment banker focused on mergers & acquisitions. Stone holds an MBA from Georgetown University’s McDonough School of Business and a bachelor’s degree from Yale University.

Read More

Q&A with Sangram Vajre, Co-founder & Chief Evangelist at Terminus

MEDIA 7 | January 9, 2020

Sangram Vajre, Co-Founder & Chief Evangelist at Terminus is also an author and host of the podcast FlipmyFunnel. He is one of the leading minds in B2B marketing. MEDIA 7: What are you passionate about? SANGRAM VAJRE: Three things: Lead professionally. Grow personally. Love family. M7: Terminus has been recognized as one of Georgia’s 40 fastest-growing companies by ACG Atlanta. What factors contribute to this pace? SV: One of our core values is #OneTeam – which means we think and act as one team and know that if we treat our team right, they will treat our customers amazing. There are no great companies, only great people that make those companies.

Read More

Q&A with Andrea Lechner-Becker, Chief Marketing Officer at LeadMD

MEDIA 7 | December 5, 2019

Andrea Lechner-Becker, Chief Marketing Officer at LeadMD is an experienced Marketing and Sales Executive with a demonstrated history of working in the marketing and advertising industry. Skilled in Business Process, Marketo, Sales, Customer Relationship Management (CRM), and IT Service Management, Andrea is also a strong business development professional and a storyteller. MEDIA 7: What inspired you to get into marketing? ANDREA LECHNER: Frankly, not having better options. I originally attended the University of Wisconsin-La Crosse thinking I’d major in Archaeology. I wanted to be Indiana Jones! But, after visiting the archaeology building – i.e. the cold, dark basement of the science building – where a girl sat to piece together pieces of an old Native American vase, I knew archaeology was not going to be the right path for me. And so, without being good at science and a major in art or art history was unlikely to pay my bills, I decided to go into “business”. I originally registered as a management major, but took my first marketing class and thought it was more interesting and switched my sophomore year. That was pretty much it. I’d never been involved in business classes or DECA in high school – I didn’t really know what to do or what jobs in marketing were even possible. I dumb lucked myself into it really. M7: As a storyteller, do you relate the brand to a story or story to the brand? AL: Both? Neither? I think there are stories in every brand, because there are people working on the brand and people engaging with the brand and people using what the brand creates. People, most often a single person, are at the heart of great stories. You can start with the “point” of the story you’re trying to tell. Say you have a software that help accountants better create reports for board meetings. It’s likely you’ll want to tell a success story about an accountant getting promoted to CFO in part because your software helped better communicate their work product to the board. You could have the idea for that and go looking for that story in your customers. OR, you could hear that story, and say, “That’s amazing!” and share it with customers, partners and internal people. Stories are all around us – the most important thing is to keep your ears and eyes open for finding them.

Read More

Q&A with Susan Stone, CEO at Ubiquitous Energy, Inc.

Media 7 | March 18, 2021

Susan Stone, CEO at Ubiquitous Energy, Inc. has been a longtime board member and investor in the company. Prior to joining Ubiquitous, she was the founder and CEO of Sierra Wasatch Capital, an early-stage venture capital firm, and managed early-stage investing for Riverhorse Investments, Inc. Susan has also worked at JPMorgan in New York and Houlihan Lokey in Los Angeles as an investment banker focused on mergers & acquisitions. Stone holds an MBA from Georgetown University’s McDonough School of Business and a bachelor’s degree from Yale University.

Read More

Q&A with Sangram Vajre, Co-founder & Chief Evangelist at Terminus

MEDIA 7 | January 9, 2020

Sangram Vajre, Co-Founder & Chief Evangelist at Terminus is also an author and host of the podcast FlipmyFunnel. He is one of the leading minds in B2B marketing. MEDIA 7: What are you passionate about? SANGRAM VAJRE: Three things: Lead professionally. Grow personally. Love family. M7: Terminus has been recognized as one of Georgia’s 40 fastest-growing companies by ACG Atlanta. What factors contribute to this pace? SV: One of our core values is #OneTeam – which means we think and act as one team and know that if we treat our team right, they will treat our customers amazing. There are no great companies, only great people that make those companies.

Read More

Q&A with Andrea Lechner-Becker, Chief Marketing Officer at LeadMD

MEDIA 7 | December 5, 2019

Andrea Lechner-Becker, Chief Marketing Officer at LeadMD is an experienced Marketing and Sales Executive with a demonstrated history of working in the marketing and advertising industry. Skilled in Business Process, Marketo, Sales, Customer Relationship Management (CRM), and IT Service Management, Andrea is also a strong business development professional and a storyteller. MEDIA 7: What inspired you to get into marketing? ANDREA LECHNER: Frankly, not having better options. I originally attended the University of Wisconsin-La Crosse thinking I’d major in Archaeology. I wanted to be Indiana Jones! But, after visiting the archaeology building – i.e. the cold, dark basement of the science building – where a girl sat to piece together pieces of an old Native American vase, I knew archaeology was not going to be the right path for me. And so, without being good at science and a major in art or art history was unlikely to pay my bills, I decided to go into “business”. I originally registered as a management major, but took my first marketing class and thought it was more interesting and switched my sophomore year. That was pretty much it. I’d never been involved in business classes or DECA in high school – I didn’t really know what to do or what jobs in marketing were even possible. I dumb lucked myself into it really. M7: As a storyteller, do you relate the brand to a story or story to the brand? AL: Both? Neither? I think there are stories in every brand, because there are people working on the brand and people engaging with the brand and people using what the brand creates. People, most often a single person, are at the heart of great stories. You can start with the “point” of the story you’re trying to tell. Say you have a software that help accountants better create reports for board meetings. It’s likely you’ll want to tell a success story about an accountant getting promoted to CFO in part because your software helped better communicate their work product to the board. You could have the idea for that and go looking for that story in your customers. OR, you could hear that story, and say, “That’s amazing!” and share it with customers, partners and internal people. Stories are all around us – the most important thing is to keep your ears and eyes open for finding them.

Read More

Related News

Sustainability

Clarios and Altris announce collaboration agreement to advance sustainable sodium-ion battery technology

PR Newswire | January 08, 2024

Clarios, a global leader in advanced low-voltage battery solutions, and Altris, a pioneer in sustainable sodium-ion battery technology, announced they have created an innovative partnership aimed at developing low-voltage sodium-ion batteries for the automotive industry. Every vehicle, including hybrid electric and electric vehicles, requires a low-voltage energy source to power critical systems and functions. As hybrid and electric vehicles continue to evolve, the low-voltage network is being asked to support an increased number of software-based functions such as steer-by-wire, break-by-wire, autonomous functions, and enhanced in cabin experiences. This transformation is leading automakers to explore multi-battery solutions that include lithium-ion, absorbent glass mat (AGM) lead-acid batteries, and other chemistries for some of the world's most iconic vehicles. While lead-acid batteries represent the best example of a circular economy in the world, and lithium-based products continue to evolve, Clarios chemistry agnostic and circular approach has become of strategic importance. Sodium-ion (Na-ion) batteries are inherently sustainable and easy to recycle, made from salt, wood, iron, and air. The materials used to produce Na-ion cells are abundant and available – free from conflict minerals and toxic elements. The new joint collaboration program aims to develop an Na-ion battery with a potential of up to 60 volts to support automotive applications in both new vehicles and for aftermarket replacements, that also can complement a multi-battery low-voltage system configuration. "Clarios brings extensive experience with low-voltage systems within the automotive sector and will play a leading role in defining and optimizing the specifications for the sodium-ion cells," said Federico Morales Zimmermann, vice president and GM, Global Customers, Products and Engineering at Clarios. Altris, a leader in sodium-ion cathode material and battery cell technology, will focus on the development of Na-ion cells specifically adapted to the needs of the low-voltage automotive battery market. "Altris wants to bring the world better, safer and truly sustainable sodium-ion batteries. We're continuously investigating new applications where our technology can make significant impact at massive scale. As such, we're very excited to team up with Clarios who share our strong ESG focus, to develop low-voltage cells for the automotive industry. With this partnership, we're able to access every third vehicle driven globally and accelerate the green transition", said Björn Mårlid, CEO of Altris. The long-term goal is to develop a detailed production plan for low-voltage battery systems using these Na-ion cells. The companies believe the mass production of Na-ion batteries would represent an important advancement in automotive battery technology and an important step in supporting the circularity goals of the automotive industry. About Clarios Clarios is the global leader in advanced, low-voltage battery technologies for mobility. We power progress through ever-smarter solutions for virtually every kind of vehicle. With 16,000 employees in over 100 countries, we bring deep expertise to our Aftermarket and OEM partners, and reliability, safety and comfort to everyday lives. We answer to the planet with a rigorous ESG focus – advancing best-in-class sustainability practices and advocating for them across our industry. Clarios is committed to sustainability and operational excellence. We work to ensure up to 99% of battery materials are recovered, recycled and reused. Clarios is a Brookfield portfolio company. About Altris Altris is a Swedish sodium-ion battery developer. We develop cathodes, electrolytes, battery cells and factory blueprints to create market-leading sodium-ion batteries. Sprung out of the Ångström Laboratory at Uppsala University, we are taking our patented innovation from conception to commercialization. Our long-term goal is to become the primary supplier of sodium-ion batteries in Europe, making a real impact on the world by enabling a better battery at scale.

Read More

Solar+Storage

BrightNight Announces $375 Million Corporate Credit Facility to Accelerate Development of Its ~31 GW U.S. Renewable Power Portfolio

PR Newswire | January 04, 2024

BrightNight, the next generation and global renewable power producer built to deliver clean and dispatchable solutions, today announced the successful closing of a $375 million corporate credit facility. This significant financial milestone underscores the company's commitment to advancing renewable energy solutions that are safe, reliable, affordable, and clean. The corporate credit facility will provide BrightNight with the necessary capital to execute on its U.S. project portfolio which includes solar, energy storage, and integrated technologies providing value-add renewable power solutions for its customers. This funding specifically will support equipment deposits, letters of credit, and project buildout. The credit facility is structured as a Green Loan in alignment with Green Loan principles. "We are extremely pleased to announce the successful raise of this $375 million credit facility, a first for BrightNight," CEO Martin Hermann said. "This funding is more than just capital; it represents an important step in BrightNight's growth. It enables us to accelerate our projects, procure equipment at attractive terms, and deliver clean renewable power for our customers." ING, Natixis CIB, and SMBC are the Coordinating Lead Arrangers and Green Loan Coordinators on the transaction. HSBC is a Joint Lead Arranger and Administrative Agent. Latham and Watkins and PEI represented BrightNight in the transaction. Norton Rose Fulbright served as the Lender Counsel. "I want to thank our supporting banks and advisors for their hard work and support in closing this facility," CFO Brian Boland said. "The quality of the bank group and final terms are a testament to the strength of our portfolio and differentiated approach to the development of renewable power projects." ABOUT BRIGHTNIGHT BrightNight is the first global renewable integrated power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions. BrightNight works with customers across the U.S. and Asia Pacific to design, develop, and operate safe, reliable, large-scale renewable power projects optimized to better manage the intermittent nature of renewable energy. Its deep customer engagement process, team of proven power experts, and industry-leading solutions enable customers to overcome challenging energy sustainability standards, rapidly changing grid dynamics, and the transition away from fossil fuel generation.

Read More

Energy

Advanced Power Announces Investment Tax Credit Purchase

PR Newswire | January 03, 2024

Advanced Power continues to show its commitment to advancing a sustainable energy future through its purchase of renewable energy investment tax credits (ITC). The credits were made available through the development of rooftop solar facilities offered for sale by a third party. "Advancing a sustainable energy future drives our actions," said Advanced Power's CEO Tom Spang. "We are pleased to close this latest transaction, which supports our vision of a clean, reliable energy future." The 2022 Inflation Reduction Act (IRA) made the transfer of renewable energy tax credits possible. The IRA aims to accelerate the transition to a clean energy economy and drive increased deployment of new, clean electricity resources. Section 6418 of the Internal Revenue Code allows for the transfer (sale) of certain renewable energy tax credits from renewable energy project developers to a qualified third party. "Advanced Power is a developer, owner, and asset manager of modern power infrastructure and has now made a tax equity investment and completed a tax credit transfer transaction. We are positioned to execute similar transactions soon," added Spang. Reunion, a technology-enabled finance company that helps guide corporate tax teams through the clean energy tax credit transaction process, originated the opportunity for Advanced Power and facilitated the transaction between the parties. Advanced Power Focusing on Further U.S. Renewables Development Advanced Power manages all aspects of an energy project's life cycle, including development, construction, financial structuring, and operations. A robust renewables pipeline across Desert Southwest, ERCOT, PJM, and MISO is underway. Late-stage projects in the pipeline include: Eldora Energy – 240 MWdc solar with an additional 200MW/400MWh battery storage facility Alina Energy – 220 MWdc solar with an additional 200MW/400MWh battery storage facility Elio Energy – 300MW/600MWh battery storage facility Rock Rose Energy – 200MW/400MWh battery storage facility About Advanced Power Advanced Power is a privately owned global developer, manager, and owner of modern power infrastructure. The company develops low-carbon and renewable electric generating projects as an independent power producer. Advanced Power's successes include 11 gigawatts in development or operations in the United States and Europe. The company has offices in Boston and Houston, with a registered office in Zug, Switzerland. Founded in 2000, Advanced Power is focused on advancing a sustainable energy future, bringing reliable energy to places that need it, and providing economic benefits plus jobs to communities while making massive contributions to reducing CO2 emissions.

Read More

Sustainability

Clarios and Altris announce collaboration agreement to advance sustainable sodium-ion battery technology

PR Newswire | January 08, 2024

Clarios, a global leader in advanced low-voltage battery solutions, and Altris, a pioneer in sustainable sodium-ion battery technology, announced they have created an innovative partnership aimed at developing low-voltage sodium-ion batteries for the automotive industry. Every vehicle, including hybrid electric and electric vehicles, requires a low-voltage energy source to power critical systems and functions. As hybrid and electric vehicles continue to evolve, the low-voltage network is being asked to support an increased number of software-based functions such as steer-by-wire, break-by-wire, autonomous functions, and enhanced in cabin experiences. This transformation is leading automakers to explore multi-battery solutions that include lithium-ion, absorbent glass mat (AGM) lead-acid batteries, and other chemistries for some of the world's most iconic vehicles. While lead-acid batteries represent the best example of a circular economy in the world, and lithium-based products continue to evolve, Clarios chemistry agnostic and circular approach has become of strategic importance. Sodium-ion (Na-ion) batteries are inherently sustainable and easy to recycle, made from salt, wood, iron, and air. The materials used to produce Na-ion cells are abundant and available – free from conflict minerals and toxic elements. The new joint collaboration program aims to develop an Na-ion battery with a potential of up to 60 volts to support automotive applications in both new vehicles and for aftermarket replacements, that also can complement a multi-battery low-voltage system configuration. "Clarios brings extensive experience with low-voltage systems within the automotive sector and will play a leading role in defining and optimizing the specifications for the sodium-ion cells," said Federico Morales Zimmermann, vice president and GM, Global Customers, Products and Engineering at Clarios. Altris, a leader in sodium-ion cathode material and battery cell technology, will focus on the development of Na-ion cells specifically adapted to the needs of the low-voltage automotive battery market. "Altris wants to bring the world better, safer and truly sustainable sodium-ion batteries. We're continuously investigating new applications where our technology can make significant impact at massive scale. As such, we're very excited to team up with Clarios who share our strong ESG focus, to develop low-voltage cells for the automotive industry. With this partnership, we're able to access every third vehicle driven globally and accelerate the green transition", said Björn Mårlid, CEO of Altris. The long-term goal is to develop a detailed production plan for low-voltage battery systems using these Na-ion cells. The companies believe the mass production of Na-ion batteries would represent an important advancement in automotive battery technology and an important step in supporting the circularity goals of the automotive industry. About Clarios Clarios is the global leader in advanced, low-voltage battery technologies for mobility. We power progress through ever-smarter solutions for virtually every kind of vehicle. With 16,000 employees in over 100 countries, we bring deep expertise to our Aftermarket and OEM partners, and reliability, safety and comfort to everyday lives. We answer to the planet with a rigorous ESG focus – advancing best-in-class sustainability practices and advocating for them across our industry. Clarios is committed to sustainability and operational excellence. We work to ensure up to 99% of battery materials are recovered, recycled and reused. Clarios is a Brookfield portfolio company. About Altris Altris is a Swedish sodium-ion battery developer. We develop cathodes, electrolytes, battery cells and factory blueprints to create market-leading sodium-ion batteries. Sprung out of the Ångström Laboratory at Uppsala University, we are taking our patented innovation from conception to commercialization. Our long-term goal is to become the primary supplier of sodium-ion batteries in Europe, making a real impact on the world by enabling a better battery at scale.

Read More

Solar+Storage

BrightNight Announces $375 Million Corporate Credit Facility to Accelerate Development of Its ~31 GW U.S. Renewable Power Portfolio

PR Newswire | January 04, 2024

BrightNight, the next generation and global renewable power producer built to deliver clean and dispatchable solutions, today announced the successful closing of a $375 million corporate credit facility. This significant financial milestone underscores the company's commitment to advancing renewable energy solutions that are safe, reliable, affordable, and clean. The corporate credit facility will provide BrightNight with the necessary capital to execute on its U.S. project portfolio which includes solar, energy storage, and integrated technologies providing value-add renewable power solutions for its customers. This funding specifically will support equipment deposits, letters of credit, and project buildout. The credit facility is structured as a Green Loan in alignment with Green Loan principles. "We are extremely pleased to announce the successful raise of this $375 million credit facility, a first for BrightNight," CEO Martin Hermann said. "This funding is more than just capital; it represents an important step in BrightNight's growth. It enables us to accelerate our projects, procure equipment at attractive terms, and deliver clean renewable power for our customers." ING, Natixis CIB, and SMBC are the Coordinating Lead Arrangers and Green Loan Coordinators on the transaction. HSBC is a Joint Lead Arranger and Administrative Agent. Latham and Watkins and PEI represented BrightNight in the transaction. Norton Rose Fulbright served as the Lender Counsel. "I want to thank our supporting banks and advisors for their hard work and support in closing this facility," CFO Brian Boland said. "The quality of the bank group and final terms are a testament to the strength of our portfolio and differentiated approach to the development of renewable power projects." ABOUT BRIGHTNIGHT BrightNight is the first global renewable integrated power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions. BrightNight works with customers across the U.S. and Asia Pacific to design, develop, and operate safe, reliable, large-scale renewable power projects optimized to better manage the intermittent nature of renewable energy. Its deep customer engagement process, team of proven power experts, and industry-leading solutions enable customers to overcome challenging energy sustainability standards, rapidly changing grid dynamics, and the transition away from fossil fuel generation.

Read More

Energy

Advanced Power Announces Investment Tax Credit Purchase

PR Newswire | January 03, 2024

Advanced Power continues to show its commitment to advancing a sustainable energy future through its purchase of renewable energy investment tax credits (ITC). The credits were made available through the development of rooftop solar facilities offered for sale by a third party. "Advancing a sustainable energy future drives our actions," said Advanced Power's CEO Tom Spang. "We are pleased to close this latest transaction, which supports our vision of a clean, reliable energy future." The 2022 Inflation Reduction Act (IRA) made the transfer of renewable energy tax credits possible. The IRA aims to accelerate the transition to a clean energy economy and drive increased deployment of new, clean electricity resources. Section 6418 of the Internal Revenue Code allows for the transfer (sale) of certain renewable energy tax credits from renewable energy project developers to a qualified third party. "Advanced Power is a developer, owner, and asset manager of modern power infrastructure and has now made a tax equity investment and completed a tax credit transfer transaction. We are positioned to execute similar transactions soon," added Spang. Reunion, a technology-enabled finance company that helps guide corporate tax teams through the clean energy tax credit transaction process, originated the opportunity for Advanced Power and facilitated the transaction between the parties. Advanced Power Focusing on Further U.S. Renewables Development Advanced Power manages all aspects of an energy project's life cycle, including development, construction, financial structuring, and operations. A robust renewables pipeline across Desert Southwest, ERCOT, PJM, and MISO is underway. Late-stage projects in the pipeline include: Eldora Energy – 240 MWdc solar with an additional 200MW/400MWh battery storage facility Alina Energy – 220 MWdc solar with an additional 200MW/400MWh battery storage facility Elio Energy – 300MW/600MWh battery storage facility Rock Rose Energy – 200MW/400MWh battery storage facility About Advanced Power Advanced Power is a privately owned global developer, manager, and owner of modern power infrastructure. The company develops low-carbon and renewable electric generating projects as an independent power producer. Advanced Power's successes include 11 gigawatts in development or operations in the United States and Europe. The company has offices in Boston and Houston, with a registered office in Zug, Switzerland. Founded in 2000, Advanced Power is focused on advancing a sustainable energy future, bringing reliable energy to places that need it, and providing economic benefits plus jobs to communities while making massive contributions to reducing CO2 emissions.

Read More

Spotlight

The Thorium Network

The Thorium Network

The Thorium Network was formed in 2017 after a meeting with the government of a former USSR country - to negotiate obtaining their spent nuclear fuel - it became clear that the status quo had to go. They were in the 2nd decade of the 21st century, with unparalleled access to information and people l...

Events

Resources

resource image

Sustainability

Sustainable Future with Solar: Key Solar Power Events for 2023

Article

resource image

Sustainability

Sustainable Future with Solar: Key Solar Power Events for 2023

Article

resource image

Energy

Dark side of clean energy: Solar panels leaving behind toxic trash

Video

resource image

Solar+Storage

Where are the world's largest offshore wind farms?

Video

Events