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According to the Afghanistan Ministry of Mines and Petroleum, China-based Gochin Companycompany seeks to invest US$10 billion in Afghanistan’s lithium mining sector. Acting minister for Mine and Petroleum, Shahabuddin Delawar, said that the investment would create 120,000 direct and a million indirect jobs in the country.
The University of Delaware has signed the first license for its vehicle-to-grid (V2G) technology with AutoPort, Inc., Top speed 95 mph Dick Johnson, AutoPort’s director of business development, said that AutoPort will work with major companies in the area to demonstrate the V2G concept. In September 2009, Delaware Gov.
Valero Energy Corporation intends to permanently shut down its Delaware City, Delaware refinery due to financial losses caused by very poor economic conditions, significant capital spending requirements and high operating costs. Valero Delaware City Refinery. Click to enlarge. —Valero Chairman and CEO Bill Klesse.
A vehicle-to-grid (V2G) project between the University of Delaware and NRG Energy has begun selling power to PJM Interconnection for the power grid. Earlier post.). A key aspect of the technology is that it can aggregate power from multiple electric vehicles to create one larger power resource, rather than individual, smaller ones.
In the Delaware Basin, the acquisition adds approximately 56,000 net acres of high-quality, stacked-pay reservoirs, largely offset to Permian Resources’ existing acreage in Lea and Eddy Counties. Permian Resources expects to realize significant DC&F savings in the Delaware Basin through improved efficiencies and lower cost structure.
Tesla is likely to leave the State of Delaware as its place of incorporation after CEO Elon Musk moved his aerospace company, SpaceX, to Texas yesterday. Musk’s move comes just weeks after a Delaware Court of Chancery Judge revoked his $56 billion pay package that was approved by Tesla Shareholders in 2018.
Following Elon Musk’s recent statements opposing incorporating companies in Delaware, a report has now said that his brain implant company Neuralink has switched its incorporation to Nevada. The post Neuralink switches incorporation from Delaware to Nevada: Bloomberg appeared first on TESLARATI.
(REG) has entered into an asset purchase agreement under which it would acquire substantially all of the assets of Syntroleum Corporation, and assume substantially all of the material liabilities of Syntroleum, a Fischer-Tropsch gas-to-liquids and renewable diesel fuel technology company. Syntroleum has 101 patents issued or pending.
The Delaware Supreme Court has upheld a lower court’s ruling that Tesla CEO Elon Musk did not push the electric car maker to overpay when it acquired rooftop solar provider SolarCity in 2016. As per the Delaware Supreme Court, however, the presentation of Slights’ ruling could probably have been done better. billion deal.
ARK Invest Founder and CEO Cathie Wood called the Delaware court’s decision to void Elon Musk’s performance-based pay package “unAmerican.” “I Wood and Ark Invest’s General Counsel analyzed over 200 pages of the Delaware Court decision and concluded that its interpretations missed a lot of points.
Universal EV Chargers has also won grants in Ohio, North Carolina, Massachusetts, Pennsylvania, New Jersey and Delaware. The company launched in 2021 as a division of Universal Green Group, which has been a solar energy competitor in Texas and the Southwest since 2009.
The act directs the Office of Science and Technology Policy to convene an interagency entity under the National Science and Technology Council with the responsibility of coordinating federal programs and activities in support of sustainable chemistry.
Tesla ( NASDAQ:TSLA ) bull and Wedbush Securities Senior Equity Research Analyst Dan Ives has weighed in on the Delaware Court decision that rescinds Elon Musk’s 2018 compensation plan, which was approved by about 80% of TSLA shareholders at the time. Now, obviously, this is a jaw-dropper that came down in Delaware.
Tesla CEO Elon Musk was once again denied the $56 billion pay package by Delaware Chancellor Kathaleen McCormick, who previously ruled the sum should not be paid to Musk. Tesla responded: “A Delaware judge just overruled a supermajority of shareholders who own Tesla and who voted twice to pay @elonmusk what he’s worth.
The Boring Company (TBC) will switch its state of incorporation to Nevada by March 2023. The tunnel boring company is the second Elon Musk-led company to announce a switch in its state of incorporation this past week. Like most Elon Musk-led companies, including Tesla, the Boring Company was previously incorporated in Delaware.
—Karen McKee, president of ExxonMobil Product Solutions The refinery is connected to pipelines from ExxonMobil’s operations in the US Permian Basin, providing the company with significant strategic advantages. Construction on the Beaumont expansion began in 2019 and involved 1,700 contractors.
University of Delaware engineers have demonstrated an effective way to capture 99% of carbon dioxide from the ambient air feed to an hydroxide exchange membrane fuel cell (HEMFC) air using a novel electrochemical system powered by hydrogen. Source: University of Delaware.
With the ratification of Elon Musk’s 2018 CEO Performance Award successfully completed at the 2024 Annual Stockholders’ Meeting , Tesla has started its efforts to urge Delaware Judge Chancellor Kathaleen McCormick to reconsider her decision surrounding Musk’s compensation plan. gov.uscourts.delch.2018-0408-KSJM.377.0 2018-0408-KSJM.377.0
On Tuesday, July 12, Twitter officially filed a lawsuit against Elon Musk in the Delaware Court of Chancery. The company aims to force Musk to finalize his $44 billion deal. ” Twitter has filed a lawsuit in the Delaware Court of Chancery to hold Elon Musk accountable to his contractual obligations.
the developer and manufacturer of Aqueous Hybrid Ion (AHI) batteries and energy storage systems ( earlier post ), filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court of the District of Delaware. Aquion Energy Inc., Whitacre, J. Shanbhag, S., Mohamed, A., Polonsky, A.,
Fisker filed for bankruptcy protection in Delaware The startup automaker estimates liabilities between $100 million and $500 million Fisker halted production with contract Magna Steyr in March Electric vehicle manufacturer Fisker on Monday filed for bankruptcy after the company failed to secure new investment to help get production of its Ocean.
Following the rescindment of CEO Elon Musk’s pay package, Tesla is considering moving its incorporation status from Delaware to Texas, and it is just one step away from doing so. Based on the vote on X, it will be voted by Tesla shareholders that the company should move to Texas. Why did Tesla incorporate in Delaware?
GTI (Gas Technology Institue) is leading a high-profile program on Hydraulic Fracturing Test Sites (HFTS) in the Permian Basin, bringing together government and industry to improve recovery, continue enhancing environmentally responsible methods of optimizing production, and lowering costs in the Midland and Delaware Basins.
Tesla has sued an Indian company called Tesla Power for using its namesake for promotion. Tesla sent the Indian company a cease-and-desist notice in April 2022, but it continued to push its products under the name and argues that it should be allowed to use the label because it has no intentions of making electric vehicles, Reuters reports.
Meta, the parent company of social media giants like Facebook and Instagram, is reportedly exploring options to change its legal home from Delaware to Texas. The company is also looking at other states for this legal shift, the WSJ reported. ALERT: Meta is preparing to Leave Delaware and incorporate in another state!
The company announced today that it would post job listings for what will be roughly 120 positions at its Wilmington, Delaware, assembly plant where it plans to build its second model.
In the academic category, Professor Richard Wool, University of Delaware, Newark, Del. The Dow Chemical Company for improving TiO 2 -based paints. The new process prevents about 1.5 million pounds of hazardous waste a year.
Because the total purchase price for A123’s assets would be less than the total amount owed to creditors, the Company does not anticipate any recoveries for its current shareholders and believes its stock to have no value. A123 is Wanxiang’s fifth clean energy investment in the US in 2012.
University of Delaware researchers have identified an algae— Heterosigma akashiwo —that grows rapidly on a gas mixture that has the same carbon dioxide and nitric oxide (NO) content as emissions released from a power plant. That alone could save up to 45% of the required energy input to grow algae for biofuels, Coyne said.
The petitions were filed in the US Bankruptcy Court for the District of Delaware. Satcon expects to obtain consent from its secured lenders to use cash collateral so as to provide the company with continued access to funds to operate its business. This has been a difficult time for Satcon.
The assets of bankrupt Fisker Automotive were sold to Wanxiang America at the close of an auction in Delaware bankruptcy court that lasted more than two days and lasted 19 rounds. Bloomberg reports that the Chinese company paid a total of $149.2
Delaware Judge Chancellor Kathaleen McCormick has noted that she feels assured that Tesla would not use its upcoming 2024 Annual Stockholders’ Meeting as a way to attack her decision to rescind the CEO’s 2018 pay package. In the meantime, the defendants’ statements give me great comfort,” the Delaware Judge wrote in a letter.
Elon Musk’s SpaceX has switched its state of incorporation from Delaware to Texas. The incorporation switch follows the departure of other Elon Musk-led companies leaving Delaware. He advised other companies to follow suit. He advised other companies to follow suit. “If The Boring Company quickly followed.
The two companies have been wrangling since last year. On January 31, 2013, the United States District Court for the District of Delaware granted Syntroleum’s motion to stay Neste’s lawsuit pending reexamination of the ‘344 patent by the US. Syntroleum’s patent issued on November 15, 2012, and expires on December 10, 2028.
Tesla CEO Elon Musk will get his $56 billion pay package from the company “one way or another” after Delaware Chancery Court Chancellor Kathaleen McCormick denied the massive compensation for a second time on Monday night. ” Shares are down just over two percent at 12:30 p.m. on the East Coast. on the East Coast.
distribution center and currently serves approximately 500 grocery stores in Virginia, Maryland, Delaware, West Virginia, Washington, D.C. SUPERVALU operates 20 distribution centers across the United States and has slightly more than 400 trucks in its national company-owned fleet, excluding its Save-A-Lot network that operates separately.
Tesla has filed a proxy with shareholders to ask them to vote for the company to move its state of incorporation to Texas and re-pass Elon Musk’s 2018 CEO massive compensation plan that was rescinded by a Delaware judge earlier this year.
Elon Musk reportedly formed three holding companies in Delaware , all with variations of the name “X Holdings,” according to a new report from Bloomberg. The establishment of one of the companies is being used to fund Musk’s Twitter purchase , should it occur. I’d love to hear from you!
Other states are considering adoption of the same low carbon fuel standard as California, including Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington.
Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 The companies also hold producing acreage in other areas in the United States. —Darren W.
The company will use a portion of the proceeds from these asset sales to fully repay its $4.0 Chesapeake has entered into purchase and sale agreements with three companies covering the vast majority of its Permian Basin assets for total net proceeds of approximately $3.3 Jefferies & Company, Inc. — Permian Basin.
A pin-off from the University of Delaware, Zymetis , is seeking to commercialize a marine bacterium that the company says is the fastest known degrader of whole plant biomass. The company has also demonstrated that these enzymes function under industrial conditions.
Phoenix Cars LLC, a Delawarecompany, operates under the trade name of Phoenix Motorcars. Initial vehicles will be included in demonstration programs, such as those previously announced in Hawaii, and fleet operations in various locations, including California.
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