Advent Technologies, the Boston-based fuel cell and hydrogen tech firm, has entered into securities purchase agreements with investors to purchase 10m shares of common stock in a registered direct offering at a per share purchase price of $0.20, according to a news release.
The transaction, generating gross proceeds of $2m, is expected to close before the end of the year. Joseph Gunnar & Co. is acting as the exclusive placement agent for the offering.
The developer of a 550,000 metric ton blue and bio-methanol facility in Shreveport, Louisiana has brought on Macquarie to commercialize production. It has also signed EPC and CO2 capture and transport agreements, with expected financial close this year.
The acquisition of Red Trail Energy expands the footprint and platform for Gevo for future alcohol-to-jet SAF at an operating site with existing low-carbon ethanol supply and CCS.
The Wisconsin-based company will use proceeds from a Series A to deploy its new electrolyzer technology to early customers.
A Texas-based project developer is conducting a development capital raise for a flagship LNG and green hydrogen project in the Northeast.
NanoScent is seeking a new investor to satisfy the contingencies of a combined EUR 8m investment from existing investors and the European Innovation Council.
Canadian midstream giant TC Energy recently unveiled it was pursuing 10 hydrogen projects across North America. To learn more we caught up with Omar Khayum, a vice president at the company in charge of hydrogen project development.
