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Energy

SEA Electric | March 15, 2022

The global leader in e-Mobility technology, SEA Electric, continues the push into the zero-emissions school bus space with the piloting of a Blue Bird Type C schoolbus powered by a SEA-Drive(R) 120b power-system. The pure battery-electric Type C model can accommodate up to 84 passengers, offering school bus fleets with market-leading performance and value for money. The technology underpinning the platform has been proven with more than 1.5 million miles of real-wor...

CIT | July 17, 2020

CIT Group Inc. today announced that its Power and Energy unit served as lead arranger on a $126 million financing for the 108-megawatt (MW) direct current Trent River Solar project in Pollocksville, North Carolina. The financing was arranged on behalf of solar project developer Pine Gate Renewables, a leading utility-scale solar developer headquartered in Asheville, North Carolina. The company currently operates more than 400 MW of renewable energy projects and has an additional 4 gigawatts of p...

Industry Updates

TAE Technologies | January 25, 2023

On January 24, 2023, TAE Technologies, a privately-held fusion energy company, announced the creation of a new subsidiary, TAE Power Solutions. It is TAE Technologies' second subsidiary developed for fusion research innovations, with TAE Life Sciences being the first. The subsidiary plans to introduce a novel technology that significantly increases the dependability, longevity, effectiveness, and affordability of electric-powered products, from renewable energy storage to ve...

Industry Updates

businesswire | June 08, 2023

Kraken Technologies, one of the world’s fastest growing energy tech companies, has signed its first deal in the US with energy manager Tenaska Power Services (TPS). The initial implementation will manage certain TPS customer battery sites in Texas but could grow across the company’s US portfolio. This strategic collaboration will give TPS greater operational flexibility, enhance grid stability, and optimize its customers’ revenue streams in an increa...