LONDON: The energy regulator Ofgem announced on Friday, November 22, that the energy price cap will increase by 1.2% for the period from January to March 2025. This change means that the maximum rate per unit and standing charge that can be billed to customers will rise by £21 per year for an average household,…
Silfab Solar secures $100 million for new plant in South Carolina
Silfab Solar Inc., North America’s leading solar module manufacturer, has announced the successful closure of $100 million in new financing. This funding includes a $50 million equity investment led by ARC Financial Corp. and its co-investors, and a $50 million senior secured financing (Green Loan) led by Breakwall Capital, with investment from SR Alternative Credit…
Ferro-Alloy Resources announces update on carbon black substitute
LONDON: Ferro-Alloy Resources Limited (LSE: FAR), a vanadium producer and developer of the Balasausqandiq vanadium deposit in Southern Kazakhstan, has provided an update on its carbon black substitute (CBS) product following a new marketing study. The study, conducted by Smithers, estimates the price of Ferro-Alloy’s CBS product at $500 per tonne for the tyre market…
Global Connectivity announces £20 million investment in Voneus
LONDON: Global Connectivity plc (AQSE: GCON), focused on enhancing communication services and technologies, has announced a further combined capital investment of £20 million in UK broadband provider Voneus Limited by its shareholders on November 14. Global Connectivity holds its stake in Voneus through its investment in Rural Broadband Solutions Holdings Limited (RBSHL). As previously reported…
Inter-American Development Bank (IDB) proposal for US$200 million funding for ATOME
LONDON: ATOME (AIM: ATOM), a leading developer of international green fertilizer projects, has announced that IDB Invest, the private investment arm of the Inter-American Development Bank (IDB), is proposing to provide US$200 million in debt funding for ATOME’s Villeta Project in Paraguay. This funding proposal is subject to contract and follows the satisfactory completion of…
FDA clears XENOVIEW 3T Chest Coil in GE HealthCare MRI Systems
LONDON: Polarean Imaging plc (AIM: POLX), a commercial-stage medical imaging technology leader in advanced Magnetic Resonance Imaging (“MRI”) of lung function, announces that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the Company’s specialised MRI Chest Coil to now include GE HealthCare 3 Tesla (3T) MRI scanners for the…
ECR Minerals accepts conditional offer for surplus land in Victoria
LONDON: ECR Minerals plc (LON: ECR), a company focused on gold exploration and development in Australia, has announced it has accepted, in principle, a conditional offer of A$225,000 for the sale of its surplus land at Brewing Lane in Victoria. The purchaser, who plans to settle the offer in cash upon completion, must secure suitable…
Cohort plc acquires Australia based EM Solutions for £75.0 million
LONDON: Cohort plc (AIM: CHRT), an independent technology group, has announced a conditional agreement to acquire the entire issued share capital of EM Solutions Pty Ltd, which includes EM Solutions (Europe) B.V., from Electro Optic Systems Holdings Limited (EOS). The acquisition, valued at AUD$144.0 million (approximately £75.0 million), is subject to customary post-completion adjustments. EM…
Movius expands global coverage to Scandinavia
Movius, a leading global provider of secure, AI-powered communications software, announced the expansion of its global voice and SMS coverage to Sweden, Finland, and Denmark. This marks the 19th country where Movius has launched its flagship MultiLine™ solution. MultiLine provides an intuitive, mobile-first phone experience, allowing employees to use their business mobile identity for voice,…
Valora Therapeutics raises $30 million seed financing
Valora Therapeutics Inc., a biotechnology company specializing in immunotherapy, has successfully closed its seed funding round. The investment was co-led by Avalon BioVentures, Bregua Corporation, and TigerGene, with additional support from Alexandria Venture Investments and Correlation Ventures. The funds will be used to advance Valora’s AbLec (Antibody-Lectin chimera) platform, which aims to restore proper immunological…
Veritone launches data refinery to transform unstructured data
Veritone, Inc. (NASDAQ: VERI), a leader in enterprise AI solutions, has announced the launch of Veritone Data Refinery (VDR). This new offering is designed to help businesses convert large amounts of unstructured data into high-quality, AI-ready assets using Veritone’s aiWARE™ platform. VDR allows organizations to transform and manage video, audio, and text data for training…
NAI Group to open new manufacturing facility in Malaysia
NAI Group, a provider of advanced high-performance interconnect solutions for mission-critical industrial technology, medical, and telecommunications applications, today announced the expansion of its manufacturing footprint into Southeast Asia. The new facility, based in Malaysia, is expected to be fully operational in the second quarter of 2025. The state-of-the-art facility, located in the Bayan Lepas Industrial…