Advanced Technology Management (ADVTM), a leading alternative energy company known for its fast DC electric vehicle chargers, is doubling its overseas operations with a new manufacturing facility set to open in December 2025. The expansion is driven by the company’s rapid growth in the US market and commitment to maintaining quality standards.
ReNew Energy Global (RNW) reported break-even quarterly earnings per share, missing Zacks Consensus Estimates. Revenue also fell short of expectations. Despite past performance exceeding estimates, the stock has struggled this year. While the company’s earnings outlook will be key to its future, the current Zacks Rank of #3 (Hold) suggests performance in line with the market. The alternative energy sector faces challenges, and overall industry outlook may impact the stock’s performance.
Cresta Fund Management, a private equity firm investing in low-carbon molecule infrastructure and solutions, has announced a controlling investment in Ocean Pacific (OP), a developer of compressed natural gas (CNG) and alternative energy fueling stations. By leveraging OP’s leadership in the CNG market and Cresta’s capital, operational, and development expertise, the partnership aims to significantly expand the availability of clean fuel alternatives and accelerate the decarbonization of the transportation industry.
In recognition of the climate crisis, the U.S. Navy has made significant strides in sustainability and climate preparedness. Led by Assistant Secretary of the Navy for Energy, Installations, and Environment Meredith Berger, the Navy’s initiatives aim to protect coastal bases from climate hazards and reduce its carbon footprint. While the military’s large fuel consumption contributes to greenhouse gas emissions, the Navy is exploring alternative energy sources such as solar power, hydrogen fuel cells, and even seawater-derived jet fuels to mitigate its impact.
