Connection

popular articles

Future Carbon Credit Contracts to Improve Access and Liquidity
OLI Systems supports Lilac Solutions in optimizing lithium extraction
Algeria: Chevron Explores Offshore Oil Potential
Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope
Nigeria: What impact will the Dangote refinery have on prices and production?

Continuum Renewables, Inc. proposes to purchase Heliogen, Inc. for $0.40 per share

Continuum Renewables announced its intention to acquire Heliogen, which specializes in concentrated solar power systems, for $0.40 per share in a non-binding proposal. This acquisition would allow Continuum Renewables to expand its renewable energy product line and boost its growth strategy.

Please share:

Continuum Renewables, Inc. today announced its intention to acquire Heliogen, Inc. for $0.40 per share of the company’s stock, in a non-binding proposal to the company’s board of directors. Heliogen is a renewable energy company specializing in concentrated solar power systems. The acquisition would allow Continuum Renewables to expand its renewable energy products and accelerate its growth strategy.

Continuum Renwables wants to take advantage of Heliogen’s expertise

Paul Browning, CEO of Continuum Renewables, Inc. said, “We are pleased to announce our offer to acquire Heliogen. Heliogen has a strong reputation for developing innovative renewable energy solutions, and our proposal, if accepted, would provide the company’s shareholders with a substantial premium over the current stock price. This acquisition is an important step in our growth strategy, and we look forward to recapitalizing Heliogen as a private company and working with the Heliogen team to create value for our customers.”

The proposed all-cash price of $0.40 per share represents a premium of 60% over the closing price of Heliogen’s stock on the day prior to the announcement and a premium of approximately 70% over the company’s unaffected volume weighted average price over the past month. The transaction would be subject to due diligence, customary closing conditions, including regulatory approvals, and negotiation of transaction documents.

Continuum Renewables looks to expand its renewable energy products

About Continuum Renewables, Inc. Continuum Renewables is focused on the development and deployment of next-generation clean energy solutions, including solar photovoltaics, offshore hydro, renewable heat and energy storage products. The company is committed to providing clean, reliable and affordable energy solutions to customers around the world.

In summary, Continuum Renewables plans to acquire Heliogen, which specializes in concentrating solar power systems, for $0.40 per share of the company. This acquisition would allow Continuum Renewables to expand its renewable energy product line and boost its growth strategy. The proposed price represents a significant premium to Heliogen’s current share price and the transaction would be subject to customary due diligence and closing conditions.

Register free of charge for uninterrupted access.

Publicite

Latest news

Lee Zeldin’s Appointment to the EPA: A Decision Approved by the US Senate
Historic Reduction of Coal Share in Australia’s Energy Mix by End of 2024
EDF’s Technocenter Project in Fessenheim Sparks Debate
India Invests 1.8 Billion Euros to Secure Its Supply of Strategic Minerals
Shell’s Profits Fall by 17%: Impact of Gas Margins and Oil Prices

Recently published in

Getlink records a 12% decline in revenue in 2024

Getlink's revenue fell by 12% in 2024, impacted by challenges with ElecLink and a tough economic environment, despite growth in some of its rail activities.
ACWA Power signs agreements with Italian companies for global projects
ACWA Power has signed several partnerships with key Italian entities, focusing on project financing, supply chains, and industrial services in strategic markets.
en_1140290952540-2
ACWA Power signs agreements with Italian companies for global projects
ACWA Power has signed several partnerships with key Italian entities, focusing on project financing, supply chains, and industrial services in strategic markets.
en_1140290952540-2
Shanghai Electric: Strategic Certifications Bolster Its Influence in Emerging Markets
Shanghai Electric secures multiple certifications for key energy projects in Dubai, Oman, Bangladesh, and Malaysia, reinforcing its role in the energy strategies of emerging markets.
en_1140290945540-1
Shanghai Electric: Strategic Certifications Bolster Its Influence in Emerging Markets
Shanghai Electric secures multiple certifications for key energy projects in Dubai, Oman, Bangladesh, and Malaysia, reinforcing its role in the energy strategies of emerging markets.
en_1140290945540-1
TotalEnergies CEO Calls on EU to Strengthen Protection for Its Green Industry
In Davos, Patrick Pouyanné, CEO of TotalEnergies, highlighted the challenges faced by the European green industry amid Chinese and U.S. competition, urging the EU to adjust its policies to support investments.
en_11401391540
TotalEnergies CEO Calls on EU to Strengthen Protection for Its Green Industry
In Davos, Patrick Pouyanné, CEO of TotalEnergies, highlighted the challenges faced by the European green industry amid Chinese and U.S. competition, urging the EU to adjust its policies to support investments.
en_11401391540

OLI Systems supports Lilac Solutions in optimizing lithium extraction

OLI Systems collaborates with Lilac Solutions to improve lithium extraction processes, enhancing the efficiency and sustainability of this key resource for lithium-ion batteries.
GE Vernova: Quarterly Results Fall Short of Expectations, but 2025 Outlook Remains Strong
The American group GE Vernova reported a fourth-quarter net profit below forecasts but reaffirmed its 2025 objectives, backed by a significant increase in orders across key divisions.
en_11401383540
GE Vernova: Quarterly Results Fall Short of Expectations, but 2025 Outlook Remains Strong
The American group GE Vernova reported a fourth-quarter net profit below forecasts but reaffirmed its 2025 objectives, backed by a significant increase in orders across key divisions.
en_11401383540
Meyer Burger: Debt Restructuring and Growth Strategy
Meyer Burger extends and increases a credit line to USD 59.5 million to finance its strategic merger and acquisition process. The company is also engaged in crucial negotiations with its creditors and clients.
en_11401352540
Meyer Burger: Debt Restructuring and Growth Strategy
Meyer Burger extends and increases a credit line to USD 59.5 million to finance its strategic merger and acquisition process. The company is also engaged in crucial negotiations with its creditors and clients.
en_11401352540
Australia Allocates €1.2 Billion for Low-Emission Aluminium
Australia launches a strategic €1.2 billion plan to support the energy transition of its aluminium industry, a key sector facing decarbonization challenges and global competitiveness.
en_11401337540
Australia Allocates €1.2 Billion for Low-Emission Aluminium
Australia launches a strategic €1.2 billion plan to support the energy transition of its aluminium industry, a key sector facing decarbonization challenges and global competitiveness.
en_11401337540

Masdar increases its capacity to 51GW and energizes its global expansions

Masdar grows from 20GW to 51GW in a short period. This trajectory relies on solar, wind, and storage deployments backed by substantial financing, targeting a much higher goal in the medium term.
Colombia and Ecopetrol Reduce ADR Conversion Fees by 50%
Ecopetrol announces, in partnership with JPMorgan Chase Bank, a 50% reduction in conversion fees for its American Depositary Receipts, effective until July 10, 2025, as part of a strategy to enhance its international appeal.
en_11401287540
Colombia and Ecopetrol Reduce ADR Conversion Fees by 50%
Ecopetrol announces, in partnership with JPMorgan Chase Bank, a 50% reduction in conversion fees for its American Depositary Receipts, effective until July 10, 2025, as part of a strategy to enhance its international appeal.
en_11401287540
Masdar boosts its capacity to 51GW through strategic acquisitions.
Masdar, supported by the United Arab Emirates, increased its energy capacity to 51GW in 2024, strengthening its global strategy through targeted acquisitions and key projects.
en_11401291540
Masdar boosts its capacity to 51GW through strategic acquisitions.
Masdar, supported by the United Arab Emirates, increased its energy capacity to 51GW in 2024, strengthening its global strategy through targeted acquisitions and key projects.
en_11401291540
Aramco and Ma’aden: A Strategic Partnership for Lithium Exploitation in Saudi Arabia
Aramco and Ma'aden announce a joint venture project to exploit lithium, a strategic mineral for the energy transition. This initiative aims to position Saudi Arabia as a key player in the market for critical minerals.
en_11401298540
Aramco and Ma’aden: A Strategic Partnership for Lithium Exploitation in Saudi Arabia
Aramco and Ma'aden announce a joint venture project to exploit lithium, a strategic mineral for the energy transition. This initiative aims to position Saudi Arabia as a key player in the market for critical minerals.
en_11401298540

EDF: Significant Increase in Nuclear and Hydropower Production in 2024

In 2024, EDF recorded a significant increase in nuclear and hydropower electricity production, marking a turning point due to better industrial management and favorable climatic conditions.
The United Arab Emirates invests 500 million dollars in 11 GW of American infrastructure
Abu Dhabi Investment Authority’s subsidiary partners with ArcLight to support a strategic 11 GW energy portfolio in the United States.
en_11401254540
The United Arab Emirates invests 500 million dollars in 11 GW of American infrastructure
Abu Dhabi Investment Authority’s subsidiary partners with ArcLight to support a strategic 11 GW energy portfolio in the United States.
en_11401254540
Constellation Energy acquires Calpine for $26.6 billion
Constellation Energy acquires Calpine for $26.6 billion, strengthening its position in the U.S. energy sector amid growing electricity demand.
en_11401204540
Constellation Energy acquires Calpine for $26.6 billion
Constellation Energy acquires Calpine for $26.6 billion, strengthening its position in the U.S. energy sector amid growing electricity demand.
en_11401204540
The CEO of Galp Energia resigns amidst controversy
Filipe Silva, CEO of Galp Energia since 2023, steps down following allegations of a conflict of interest involving a presumed relationship with a company director.
en_11401182540
The CEO of Galp Energia resigns amidst controversy
Filipe Silva, CEO of Galp Energia since 2023, steps down following allegations of a conflict of interest involving a presumed relationship with a company director.
en_11401182540

The United States strengthens its energy capabilities with the acquisition of AEG for $30 million

ICF acquires Applied Energy Group from Ameresco for $30 million, consolidating its energy and technology services for public utilities and local governments.
Brookfield becomes majority shareholder of Neoen for €6 billion
The Canadian group Brookfield acquired 53.12% of the capital of Neoen, a French renewable energy specialist, paving the way for a public offer for the remaining shares.
en_11401051540
Brookfield becomes majority shareholder of Neoen for €6 billion
The Canadian group Brookfield acquired 53.12% of the capital of Neoen, a French renewable energy specialist, paving the way for a public offer for the remaining shares.
en_11401051540
China: CATL redefines safety with a chassis tested at 120 km/h
CATL, in China, unveils a chassis capable of withstanding frontal collisions at 120 km/h, a breakthrough transforming automotive safety standards.
en_11401029540
China: CATL redefines safety with a chassis tested at 120 km/h
CATL, in China, unveils a chassis capable of withstanding frontal collisions at 120 km/h, a breakthrough transforming automotive safety standards.
en_11401029540
Iberdrola Finalizes the Acquisition of Avangrid
Iberdrola completes the acquisition of the remaining 18.4% of Avangrid, an operation approved by US regulators. This $35.75 per share transaction marks a strategic milestone for its activities in the United States.
iberdrola-HQ
Iberdrola Finalizes the Acquisition of Avangrid
Iberdrola completes the acquisition of the remaining 18.4% of Avangrid, an operation approved by US regulators. This $35.75 per share transaction marks a strategic milestone for its activities in the United States.
iberdrola-HQ

Jean-Christian Bergeron appointed as head of Rubis Énergie to accelerate growth

Rubis, an energy group based in Paris, appoints Jean-Christian Bergeron as the General Manager of Rubis Énergie. He will assume his role in January 2025 to lead growth strategy in global energy distribution markets.
ABB strengthens its business strategy in renewable energy with the acquisition of Gamesa Electric
The Swiss-Swedish group ABB acquires strategic activities from Gamesa Electric, consolidating its business strategy in renewable energy through equipment for wind, solar, and storage.
en_1140935540
ABB strengthens its business strategy in renewable energy with the acquisition of Gamesa Electric
The Swiss-Swedish group ABB acquires strategic activities from Gamesa Electric, consolidating its business strategy in renewable energy through equipment for wind, solar, and storage.
en_1140935540
EIB Grants €243 Million to ERG to Strengthen Its Wind and Solar Assets in Europe
The European Investment Bank finances the development and modernization of energy infrastructure in France, Italy, and Germany, supporting a portfolio of 270 MW of renewable projects.
en_1140927540
EIB Grants €243 Million to ERG to Strengthen Its Wind and Solar Assets in Europe
The European Investment Bank finances the development and modernization of energy infrastructure in France, Italy, and Germany, supporting a portfolio of 270 MW of renewable projects.
en_1140927540
Pattern Energy welcomes a new investment to accelerate its growth in renewable energy
Pattern Energy announces the entry of a consortium led by APG and ART, marking a major milestone in its expansion with over 25 GW of renewable energy projects across North America.
en_1140932540
Pattern Energy welcomes a new investment to accelerate its growth in renewable energy
Pattern Energy announces the entry of a consortium led by APG and ART, marking a major milestone in its expansion with over 25 GW of renewable energy projects across North America.
en_1140932540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS