CLIMATETECH & SUSTAINABLE INVESTING

Weekly Sustainable Investing Surveyor: Week Ended March 24, 2023

Industry Report · 27 Mar 2023

The WTR Sustainable Index outperformed the broader market, rising 4.0% W/W versus the S&P 500 Index (up 1.4%), the Russell 2000 Index (up 0.5%), and the Nasdaq Composite Index (up 1.7%). Advanced Transportation Solutions (70.3% of the index) drove the index performance, rising 5.5%, while Industr...

CLIMATETECH & SUSTAINABLE INVESTING

Key Takeaways from IRENA’s Global Landscape of Renewable Energy Finance 2023 Report

Industry Report · 21 Mar 2023

We have made our best efforts to summarize the content published in the most recent IRENA report on renewable energy financing. This report provides a quick summary of key facts from the 120-plus-page report. The complete IRENA report can be accessed here.

CLIMATETECH & SUSTAINABLE INVESTING

Soluna Holdings, Inc. (NASDAQ: SLNH)

Continued Evolution at Soluna as John Belizaire Appointed CEO; Dorothy Energization Imminent

Update Note · 21 Mar 2023

Soluna announced the promotion of John Belizaire to CEO of Soluna Holdings, with Michael Toporek stepping up to become Executive Chairman. John Belizaire will remain as CEO of Soluna Computing, the operating company he founded prior to its acquisition by Soluna Holdings’ predecessor Mechanical Te...

CLIMATETECH & SUSTAINABLE INVESTING

Weekly Sustainable Investing Surveyor: Week Ended March 17, 2023

Industry Report · 20 Mar 2023

The WTR Sustainable Index underperformed the broader market for the week ended March 17, 2023, rising 1.2% W/W versus the S&P 500 Index (up 1.4%), the Russell 2000 Index (down 2.6%), and the Nasdaq Composite Index (up 4.4%). Advanced Transportation Solutions (69.3% of the index) drove the index p...

CLIMATETECH & SUSTAINABLE INVESTING

Meta Materials Inc. (NASDAQ: MMAT)

Joint Development Agreement with Global Battery OEM Builds on Recent Battery Achievements

Update Note · 20 Mar 2023

META announced a Joint Development Agreement (JDA) with a confidential global battery OEM for its NPORE® battery separator materials. The company is partnering with a top 10 battery OEM to jointly develop and adapt NPORE as a battery separator solution. Details were limited given the confidential...

CLIMATETECH & SUSTAINABLE INVESTING

Ocean Power Technologies, Inc. (NYSEAMERICAN: OPTT)

3Q23 Results: Revenue Grows 51.7% Y/Y as Order Activity and Gross Margin Shoot Up

Update Note · 16 Mar 2023

Revenue grew 51.7% Y/Y to $0.7 million, compared with $0.5 million in 3Q22. Growth in the top-line figure was primarily driven by sales of WAM-V autonomous vehicles and better margins derived from Strategic Consulting Services.

CLIMATETECH & SUSTAINABLE INVESTING

SES AI Corp. (NYSE: SES)

4Q22 Results: B-Sample Transition Inches Closer; Expansion in the Cards

Update Note · 16 Mar 2023

SES reported an operating loss of $20.7 million, $10.6 million higher than in 4Q21, primarily due to increased personnel and lab consumables to support the development of battery cells and AI software. General and administrative costs ($12.5 million) and R&D costs ($8.3 million) were the primary ...

CLIMATETECH & SUSTAINABLE INVESTING

Soluna Holdings, Inc. (NASDAQ: SLNH)

Dorothy Energization Scheduled; Financing Secured; Company at an Inflection Point

Update Note · 16 Mar 2023

Final funding for Project Dorothy is now secured, with energization scheduled for the first week of April, pending approval from ERCOT. Soluna recently announced $7.5 million in funding from existing project investor Spring Lane Capital (SLC) that will be used to complete the final energization o...

CLIMATETECH & SUSTAINABLE INVESTING

Weekly Sustainable Investing Surveyor: Week Ended March 10, 2023

Industry Report · 14 Mar 2023

The WTR Sustainable Index underperformed the broader market, falling 10.3% W/W versus the S&P 500 Index (down 4.5%), the Russell 2000 Index (down 8.1%), and the Nasdaq Composite Index (down 4.7%). Advanced Transportation Solutions (67.9% of the index) drove the index underperformance, falling 12....