September 21st, 2023 | 07:55 CEST
dynaCERT, Amazon, FREYR Battery - Those who are focused on CO2 reduction and successful at it
Table of contents:
"[...] We can convert buses and trucks to be completely climate neutral. In doing so, we take a modular and incremental approach. That means we can work with all current vehicle types and respond to new technology and innovation [...]" Dirk Graszt, CEO, Clean Logistics SE
Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.
dynaCERT showcases retrofitted hydrogen commercial vehicle at Fleet Services Expo in Ottawa
Canadian hydrogen company dynaCERT is currently exhibiting at the Fleet Services Expo in Ottawa. Ottawa, with a population of about 1 million, is the capital of Canada in southeastern Ontario, close to the city of Montréal and the US border. For dynaCERT, this is a good opportunity to present its "Hydrogen-on-Demand" technology. The City of Ottawa owns countless commercial vehicles that keep the city clean or transport citizens safely.
The City of Ottawa's Fleet Services Expo will debut dynaCERT's fully functional HydraGEN™ technology on a company-owned Mercedes Sprinter Van used by dynaCERT to service installations on fleet vehicles throughout the Province of Ontario. dynaCERT helps its customers reduce costs, minimize environmental impact and decarbonize fleets in the long term through its HydraGEN™ technology.
CEO Jim Payne recognized that retrofitting existing diesel trucks and commercial vehicles entails significant investment costs. Now, thanks to dynaCERT's proprietary HydraGEN™ technology, fleet operators in both the public and private sectors can combine the existing internal combustion engine world with the new hydrogen power option. "Within the growing global hydrogen economy, our patented technology generates hydrogen and oxygen on demand through a unique electrolysis system and feeds these gases through the air intake to optimize combustion," Payne explains his technology. The gases are fed directly into the air intake duct of internal combustion engines.
This innovative solution is used in various applications, including trucks, mining equipment, generators, refrigeration systems and construction equipment. The results are compelling: fewer particles in the air, less black smoke, and a reduced need for AdBlue and diesel particulate filters, positively impacting both environmental impact and operating costs.
Those interested in learning more about dynaCERT's market entry strategy and analyzing the investment opportunity in more detail will have the chance to ask CEO Jim Payne questions live at the 8th International Investment Forum online on October 10. Click here for free registration.
Amazon risks CO2 emissions credibility and boosts seasonal staffing for deliveries
Vans equipped with dynaCERT technology in Ottawa are still operating in their diesel version for one of the world's largest retailers: Amazon. As we approach the holiday season, even more Amazon vans will be hitting the roads because the average consumer now prefers online ordering over navigating crowded store aisles and promotional stands.
Amazon plans to hire 250,000 additional workers in the US during the upcoming holiday season, representing a 67% increase over the number of employees hired in the last two years. This measure results from customer requests to receive ordered goods as quickly as next-day delivery. By comparison, the US department store chain Target is hiring about 100,000 employees, while the traditional department store Macy's is hiring only 28,000 workers.
Amazon's plans contrast with those of other US retailers who have announced that they will be hiring fewer employees in their stores and warehouses this year due to expected lower consumer spending in 2023. Concerns about higher prices are anticipated to result in a 50% decline in Christmas sales compared to the previous year.
The consumer sentiment index in the United States was 69.5 in August 2023, an increase from the previous month. The index is normalized to a December 1964 value of 100 and is based on a monthly survey of consumers conducted within the continental United States.
In contrast to dynaCERT, Amazon is currently still focusing on electric mobility. Since 2019, it has partnered with Rivian to provide 100,000 electric vehicles for Amazon deliveries in the United States. The first of these vehicles were introduced in 2021, but the Company is keeping a rather generous lid on implementation, as all 100,000 vehicles are expected to be in operation by 2030. So far, Amazon has made limited progress in eliminating CO2 emissions from its operations. The Science Based Targets Initiative has removed Amazon from its list of companies pursuing climate goals because Amazon has failed to follow through on its promise to reduce carbon emissions. Amazon is currently trading at EUR 129 per share.
FREYR Battery prepares for its US relocation to Delaware
Norwegian battery maker FREYR Battery has filed an S-4 registration statement with the US Securities and Exchange Commission ("SEC") as the next step in the previously announced process of relocating to the United States. FREYR is thus backing its words with action should the EU impose further regulations on the Company, which represents the product expansion of its range. Because once FREYR begins producing products other than batteries, the EU plans to impose tariffs on imports into European countries. The Norwegians are not willing to accept this and are relocating accordingly.
Later this year, FREYR's board of directors and management conducted a review of the scope of its parent company's corporate foundation. The FREYR Board of Directors believes the relocation will increase long-term shareholder value. The relocation of FREYR Battery to Delaware, USA, will involve a simplification of the corporate structure, resulting in a reduction of complexity. This may be accompanied by cost streamlining. It will also streamline reporting requirements, allowing for more efficient business operations. The higher level of reporting is equally beneficial to shareholders.
These measures will improve FREYR Battery's eligibility for inclusion in equity indices and benchmarking of actively managed funds. Aligning established corporate governance principles under Delaware law will strengthen the governance structure. In addition, FREYR will be better positioned to respond to global tax developments and US incentive programs for battery manufacturers, which may provide long-term financial benefits. The relocation will also improve alignment with FREYR's operational and strategic needs as it executes its business plan and creates long-term shareholder value.
The transaction will require a shareholder vote later this year, details of which will be provided at a later date. Additional information about the relocation process is available on FREYR's website at www.freyrbattery.com.
At the Fleet Services Expo in Ottawa, CEO Jim Payne explains the HydraGEN™ technology, which optimizes the combustion of hydrogen and oxygen in internal combustion engines. Installed in a Mercedes Sprinter Van, the technology is on display for everyone to see and understand. In addition, dynaCERT offers interested investors an opportunity for an in-depth analysis and discussion at the 8th International Investment Forum on October 10. Amazon is squandering its Net Zero emissions credibility by failing to present a plan for how the corporation will make its business carbon neutral. The extent of the global player's efforts is a small partnership of 100,000 electric vans since 2019. The Science Based Targets Initiative (SBTi) removed Amazon from its list of companies pursuing climate goals due to Amazon's failure to fulfil its carbon emission reduction commitments. For FREYR Battery, on the other hand, the US offers numerous advantages that can benefit both company expansion on the one hand and shareholders on the other. Aligning with Delaware law strengthens governance and enables better responsiveness to global tax developments and US incentive programs for battery manufacturers, resulting in long-term financial benefits. The relocation optimizes alignment with operational and strategic needs and creates long-term shareholder value.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.