New Strategy For Carnegie, Subsidiary For Tag Pacific

In an unexpected change of strategy, Carnegie Clean Energy is to merge its 2016 acquisition, Energy Made Clean, with ASX listed Tag Pacific. Carnegie will return to its former focus on commercializing its world leading wave energy technology. Tag Pacific and Energy Made Clean are both renewable and remote energy project developers and together will become a larger remote area energy specialist under the new name of MPower.

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11-Year High For Phoslock

In late July shares in Phoslock Water Solutions, soon to be Phoslock Environmental Technologies, reached an 11 year high of 46.5 cents. This is close to their all time high of 49.5 cents in February 2007. The shares listed in August 2002 at 20 cents, and in 2015 they were just above 2 cents, so it has been a long effort and the company has worked hard for the shares to recover and now, for the second time, to more than double their original value.

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New Zealand Utilities Promote Electric Vehicles

Electrifying New Zealand’s transport sector makes a lot of commercial and environmental sense. As New Zealand’s grid has one of the world’s highest percentages of renewable energy, cars and transport vehicles account for a significant percentage of New Zealand’s carbon emissions. And with New Zealand’s electricity grid showing little growth in demand, it is not surprising that New Zealand’s utilities are prime promoters of electric cars.

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Large Solar Energy IPO

Investors who want to back solar energy projects and project owners have another option with the IPO of New Energy Solar Ltd. The company listed on 4 December after raising $202 million. Its target was up to $200 million, so it did well. The offer price per stapled security was an indicative range of $1.45 to $1.55, and they were issued at $1.50.

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Two Steps Forward For Leaf

Leaf Resources has taken two more steps towards commercializing its Glycell technology that can produce lignin and glycerol from waste biomass. It has signed an exclusive agency agreement with HB International, one of the largest glycerol brokers in the world, for the supply of raw glycerol and the sale of refined glycerol. The second step is entering the biodegradable packaging market, which offers short term revenue while it develops its major plant in Malaysia.

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Change of Focus at Algae.Tec

Micro caps often have several irons in the fire and don’t find their main business activity until one of the irons heats us. This looks like it may be happening at Algae.Tec, which has now begun to refer to itself as a “plant-based health & wellbeing company”. The company began life on the ASX trying to commercialize a technology that could grow and turn carbon-consuming algae into biofuel. While this commercialization activity is still in process in India, the company now refers to its biofuels and solar activities as “non-core assets that present additional upside and optionality”.

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First Commercial Graphene Facility

Here’s one for the technology punters. First Graphite has received approval from the WA Department of Environment Regulation for the construction of a graphene production facility at the Australian Marine Complex at Henderson near Perth. This will be operational in the fourth quarter of this year. First Graphite said it will be the first ASX-listed company to have a commercial graphene production capability.

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Investing In Solar Is Becoming Easier

Although the installation of residential solar energy systems has been strong around Australia for several years and the numbers of commercial solar projects and utility scale solar farms are now also growing, until now investors have not had access to these as the growth was not reflected on the ASX. While there is still a lack of exposure to the residential installation market, new options have emerged for commercial scale and utility scale projects. But the improving situation is for speculative investors only, not yet dividend investors.

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ReNu Energy Steps Up Solar Focus

Having recently added solar energy as a key area of focus for its business, ReNu Energy has moved quickly to build its solar assets with two developments: an agreement to own and operate solar energy systems at four shopping centres, and an alliance with a solar projects developer and the purchase of its first solar project.

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Cleaning China’s Water

China has a lot of dirty water, says the chairman of Phoslock Water Solutions, Laurence Freedman. And there is a lot of pressure to clean it, said Zhang Zhigang, the general manager of Beijing BHZQ Environmental Engineering Technology Company (BHZQ). BHZQ is Phoslock’s new Chinese partner in cleaning some of this water.

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Duxton Water Fully Invested

Duxton Water has fully committed the capital it raised in last year’s IPO. The company invests in water entitlements in southeast Australia. At 31 March it had invested $63 million or 94 per cent of its portfolio. It has entered into contracts, agreed terms for contracts, or has offers pending for another $4.4 million of water entitlements. When complete, these will make its portfolio fully invested.

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Cobalt And The Battery Boom

The unfolding energy storage boom is a long way from slowing down and has grown from lithium to other battery metals such as cobalt. The demand for cobalt is projected to grow strongly for years to come and prices for the metal have more than doubled in the last two years – from US$10 to US$25 per pound or about US$55,000 per tonne, an eight year high. All this has prompted a boom in listed cobalt stocks through IPOs and other mineral companies dusting off and polishing up their old cobalt resources.

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World Solar Record for Dyesol

Solar energy hopeful Dyesol has been around for many years, in part because its technology and commercialization plan are so ambitious and, more importantly, because it continues to make progress. The latest news is that its partner Solliance has achieved a world record for perovskite solar cell photovoltaic (PV) technology on a flexible roll-to-roll process that can be used industrially. The record was 12.6 per cent conversion efficiency at the solar cell level.

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New Wind Farm for Infigen

Infigen Energy is to build the 113.2 MW Bodangora wind farm near Wellington in New South Wales, its first new wind farm in many years. The company has launched an underwritten capital raising of $151 million to pay for the equity component of the project and also to possibly refinance its Global Facility and Woodlawn Project Finance Facility. The institutional entitlement offer and the retail entitlement offer are at 89 cents per security.

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Secos Targets Profitability

Biodegradable and compostable plastics maker Secos Group says it is getting closer to achieving group profitability now that two of its three business units are operating profitably.

Last month Secos said its Malaysian operations have traded profitably so far this financial year and its Australian operations are trading profitably on a monthly run rate basis. The company’s Chinese business unit is now being reviewed so the group can become cashflow positive.

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A Growing Laboratory Services Business

HRL Holdings has been growing its environmental laboratory services business through acquisitions and has just closed a capital raising that targeted $8.5 million to pay for two more businesses. A placement raised $2.75 million, but shareholders were cautious and an entitlement offer raised only $0.69 million. Fortunately the offer was underwritten to $5 million so the total shortfall was only $0.77 million.

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All Time High For Clean TeQ

Investors continue to like Clean TeQ’s commercialization story with the company’s shares more than doubling in less than two weeks to an all time high of $1.045 in early March. The high was despite an interim loss announced in mid February of $8.1 million. Revenue fell to a modest $325,000 and there was a $6.4 million cost for employee expenses of which $4.7 million was share based payments.

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Holiday Park Acquisitions for Aspen

With Australia in summer holidays mode, now may be a good time to give some thought to the holiday parks sector. There has been a roll-up underway in the fragmented industry for a few years now, with two listed stocks among the players buying up family owned holiday parks to create larger businesses with growing market capitalizations.

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