VivoPower International PLC - Ordinary Shares (VVPR)
0.7010
+0.0159 (2.32%)
Vivopower International Plc is a global renewable energy company focused on sustainable solutions and services, particularly in the solar energy sector
The company engages in the development and deployment of solar projects, offering a range of services that include design, construction, and maintenance of solar energy systems. With a commitment to promoting clean energy and reducing carbon footprints, Vivopower also explores innovative technologies and partnerships aimed at enhancing the accessibility and efficiency of renewable energy sources. By leveraging its expertise in solar energy, the company aims to contribute to a greener future while delivering value to its clients and stakeholders.
PALM BEACH, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Over the past decade, the international market for sustainable energy has exploded in growth. Ten years ago, renewable energy sources like solar and wind were emerging technologies, often seen as niche. Today they dominate the energy landscape, with dramatic cost reductions and efficiency improvements making them competitive with and often cheaper than fossil fuels. Technological innovations such as more efficient photovoltaic cells, advanced wind turbine designs, and energy storage solutions like lithium-ion batteries have propelled this evolution. Energy storage has seen breakthroughs that address the intermittency issues of renewables, making it more feasible to rely on them as primary energy sources. Policy frameworks have also shifted. Governments worldwide have implemented more aggressive targets for reducing carbon emissions, incentivizing renewable energy adoption, and investing in green infrastructure. The Paris Agreement, along with various national and regional commitments, has created a supportive environment for sustainable energy solutions. With this revolutionary shift to sustainable energy technology, corporate and consumer demand for greener options has also surged, pushing industries to adopt more sustainable technology. The market is now characterized by a diverse array of solutions, including green hydrogen, electric vehicles, and smart grids, reflecting a broader commitment to a sustainable energy future. According to a report from Straits Research: “The global renewable energy market size was valued at USD 1085.0 Billion in 2023. It is estimated to reach USD 2449.6 Billion by 2032, growing at a CAGR of 9.47% during the forecast period (2024–2032). Rising energy demand, renewable energy in power generation and favorable government initiatives are the key drivers for the growth of the global market.” Active companies in the markets this week include: VivoPower International PLC (NASDAQVVPR), Tesla, Inc. NASDAQ: TSLANASDAQTSLA)(NASDAQ: PLUGNASDAQPLUG, NIO Inc. (NYSE: NIONYSE), ChargePoint Holdings, Inc. (NYSE: CHPTCHPT).
VivoPower shares are trading higher Wednesday after the company announced it has secured an extension for a $34 million loan financing facility agreement. Here's what to know:
VivoPower shares are trading higher Wednesday after the company announced its electric vehicle subsidiary, Tembo e-LV, has agreed to a one month extension of its exclusive heads of agreement with Cactus Acquisition Corporation I. Here's the details:
