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Proterra announced the Delaware Transit Corporation (DTC), operator of DART transit services, as its first customer to operate Proterra’s new fully-integrated fleet and energy management software platform, Valence.
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.
Permian Resources Corporation and Earthstone Energy entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 Permian Resources expects to realize significant DC&F savings in the Delaware Basin through improved efficiencies and lower cost structure.
Neste Oil Corporation has filed a patent infringement action against Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods, Inc in the US District Court for the District of Delaware. Earlier post.).
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. ” Musk said.
Smith Electric Vehicles US, a Delawarecorporation headquartered in Kansas City, Mo., Payload is more than 16,000 lbs (7,257 kg). The on-board battery charger can achieve a full battery system recharge in as little as 6 hours. Tanfield is the parent company of Smith Electric Vehicles in the U.K.,
Neste Oil Corporation has filed a patent infringement action against Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods, Inc in the US District Court for the District of Delaware. Earlier post.).
Smith Electric Vehicles US Corporation (SEV US Corp) ( earlier post ), a Delawarecorporation temporarily headquartered in Overland Park, Kan., is announcing the launch of its new company in conjunction with the National Truck and Equipment Association’s (NTEA) Work Truck Show to be held at Chicago’s McCormick Place, 4-6 March.
After 19 rounds of bidding, Wanxiang America Corporation (Wanxiang) has been selected as the highest and best bidder in a competitive auction for Fisker Automotive, completed on Friday. The transaction includes the acquisition of Fisker’s Wilmington, Delaware plant. Wanxiang’s winning bid is valued at approximately $149.2
We are also encouraged by the interest in A123’s assets from Wanxiang Group Corporation and multiple additional parties.We We are encouraged by the continued interest in A123’s assets from Johnson Controls, which has stated an interest in expanding its bid to acquire A123’s government business.
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. Delaware is home to most Fortune 500 companies due to its business-friendly court system. ALERT: Meta is preparing to Leave Delaware and incorporate in another state!
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. Why did Tesla incorporate in Delaware? It now seems he has one foot out the door.
Neste Oil Corporation has filed a new patent infringement action against Dynamic Fuels, LLC, Syntroleum Corporation, and Tyson Foods, Inc. in the US District Court for the District of 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.
Satcon Technology Corporation, a leading provider of utility-scale power conversion solutions for the renewable energy market, and its subsidiaries have filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code. The petitions were filed in the US Bankruptcy Court for the District of Delaware.
reached agreement on the terms of an asset purchase agreement with Wanxiang America Corporation through which Wanxiang would acquire substantially all of A123’s assets for $256.6 The agreement was reached following an auction conducted under the supervision of the United States Bankruptcy Court for the District of Delaware.
of Delaware. A consortium led by the University of Delaware won a $4.4 Murray Professor of Physics and chairperson of the Department of Physics and Astronomy at the University of Delaware, is the principal investigator on the project. Source: Univ. Click to enlarge.
Exelon Corporation today announced that its six electric and gas utilities will continue advancing transportation electrification to benefit customers and communities by taking major steps to electrify its fleet of vehicles.
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.
Chesapeake Energy Corporation entered into multiple agreements to sell the vast majority of its Permian properties, substantially all of its midstream assets and certain noncore leasehold for total net cash proceeds of approximately $6.9 a subsidiary of Chevron Corporation. billion of term loans during the 2012 fourth quarter.
Syntroleum Corporation filed suit against Neste Oil Singapore Pte Ltd with the High Court of Singapore asserting Syntroleum’s Singapore Patent No. 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.
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.
announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). Li-ion maker A123 Systems, Inc. Earlier post.). Earlier post , earlier post.)
Bloom Energy Corporation inaugurated its high-volume commercial electrolyzer line at the company’s Newark facility, increasing the company’s generating capacity of electrolyzers to two gigawatts. The award-winning technology is the most energy-efficient design to produce clean hydrogen to date.
On 20 December, Neste Oil Oyj sued Syntroleum Corporation for alleged patent infringement regarding US Patent No. Syntroleum is currently defending Neste’s suit filed 29 May 2012 on the ’344 patent in the District of Delaware. 8,212,094 on the production process for NExBTL renewable diesel. Earlier post.)
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 This acquisition strengthens ExxonMobil’s significant presence in the dominant U.S.
To date, the DOI’s Bureau of Ocean Energy Management (BOEM) has awarded five commercial wind energy leases off the Atlantic coast: two non-competitive leases (Cape Wind in Nantucket Sound off Massachusetts and an area off Delaware) and three competitive leases (two offshore Massachusetts-Rhode Island and another offshore Virginia).
Chevron Corporation entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share.
Delaware Transit Corporation, six 35' Catalyst XR buses. With more than 2.4 million miles of revenue service, Proterra has more battery-electric buses on the road today in North America than any other manufacturer. The LoNo recipients are: Santa Clara Valley (California) Transportation Authority (VTA), five 40' Catalyst XR buses.
Tesla investors currently have the chance to vote on a number of proposals for the company’s upcoming shareholder’s meeting, with CEO Elon Musk’s 2018 pay package hanging in the balance after it was struck down by a Delaware judge. ” What are your thoughts?
Former 2024 Presidential Candidate Vivek Ramaswamy has commented on the situation involving Elon Musk and his pay package that was rescinded by a Judge in Delaware. ” The Delaware Supreme Court can appeal the decision from Judge McCormick. Ramaswamy called the decision “a threat to the future of capitalism.”
VeraSun and 24 of its subsidiaries filed petitions for relief under chapter 11 of the US Bankruptcy Code in the US Bankruptcy Court in Wilmington, Delaware on 31 October 2008. Earlier post.). VeraSun hedged its corn purchases during the price spike in the summer of 2008 when cost per bushel had soared to nearly $8.
After a Delaware judge ruled in favor of a shareholder in a lawsuit in January, officially voiding Musk’s 2018 compensation package worth $55.8 Tesla and Denholm have both expressed support for the ratification of Musk’s pay package, as well as for the company’s intent to move incorporation from Delaware to Texas.
Beacon Power Corporation reached an agreement with the US Department of Energy’s Loan Programs Office (LPO) at a second Delaware court hearing on 18 November in its Chapter 11 bankruptcy proceeding.
Nissan, Mitsubishi Corporation, Mitsubishi Motors Corporation, PSA Groupe, NUVVE, Frederiksberg Forsyning, Enel, Insero and DTU (Technical University of Denmark) Electrical Engineering (PowerLabDK) are partnering in the Danish project Parker to develop a universal definition for grid integration for electric vehicles.
Thousands of retail Tesla ( NASDAQ:TSLA ) investors have banded together to express their support of CEO Elon Musk’s and his 2018 compensation plan, which was rescinded by a Delaware judge last week. The group also expressed their support to the idea of Tesla moving its state of incorporation from Delaware to Texas.
Elon Musk has responded to lawyers in the recent Delaware case regarding his Tesla compensation package, after the attorneys this week requested legal awards of 29 million Tesla shares — worth almost $6 billion. Best to get out of Delaware as soon as possible possible. You can see just a couple of his posts below.
The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.
The biggest winners in the case against Tesla CEO Elon Musk and his pay package that was thrown out by a Delaware Chancery Court Judge will be the lawyers who tried and won the case. The Financial Times article states that judges awarded $267 million to lawyers representing shareholders who settled with Dell Technologies for $1 billion.
Tesla CEO Elon Musk recently got an even bigger chunk of the company as shareholders approved his controversial pay package, which will make him one of the highest-paid corporate leaders in history. The distractions from Delaware, violating shareholder rights and canceling arms length contracts, is over. Goodbye, Delaware.
is a privately held corporation. Its parent corporation is X Holdings Corp. No publicly traded corporation owns 10% or more of the stock of X Corp. The documents hint that Twitter is now a Nevada-based company rather than a company based in Delaware. or X Holdings Corp. Pursuant to Civil L.R. Pursuant to Civil L.R.
Texas Governor Greg Abbott expressed his support to Elon Musk and Tesla after the CEO noted on X that TSLA investors are on track to ratify his 2018 CEO Performance Award and approve the electric vehicle maker’s proposed redomestication from Delaware to Texas. Welcome to a state that has neither a personal nor a corporate income tax.
Global automotive supplier Visteon Corporation and certain of its US subsidiaries voluntarily filed petitions for relief under Chapter 11 of the US Bankruptcy Code. The petitions were filed in the US Bankruptcy Court for the District of Delaware. No Visteon subsidiaries or joint ventures outside the US are part of the filing.
Mitsubishi Motors Corporation (MMC) has launched a Vehicle-to-Grid (V2G) pilot, with the first charge point already being utilized with Mitsubishi Outlander PHEV’s in-vehicle storage batteries. University of Delaware Professor Willett Kempton, the pioneer of the grid-integrated vehicle concept, is Nuvve’s CTO.). Earlier post.).
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