VivoPower PLC reports company developments tied to its AI data center infrastructure, Power-to-X platform and powered land assets. Recurring announcements cover data center asset activity, reserve-market demand response at the Mo i Rana, Norway site, conference presentations and updates on the company's sovereign AI compute infrastructure strategy.
Company news also covers capital-structure actions, including share conversion matters and registration-statement changes, as well as governance and advisory council updates, material agreements, shareholder voting matters, operating results and financial results.
VivoPower International PLC (Nasdaq: VVPR) announced that CEO Kevin Chin and Executive Director Matt Cahir will present at the Inaugural Emerging Growth Virtual Conference on March 17-18. The event will run from 9:00 am to 5:00 pm EST, featuring issuer presentations, discussions, and Q&As with CEOs. Registration is required for exclusive access. VivoPower focuses on sustainable energy solutions, including electric vehicles and solar services, and operates internationally.
VivoPower International PLC (NASDAQ: VVPR) announced that its subsidiary, J.A. Martin Electrical, secured a contract for electrical works on the 200 MW Blue Grass Solar Farm in Queensland, Australia. This project, in partnership with GRS, marks J.A. Martin's third solar farm completion, contributing to over 350 MW contracted. The solar farm will generate approximately 420,000 MWh of energy annually, powering 80,000 homes and avoiding over 320,000 tonnes of CO2 emissions. The construction will create about 400 local jobs, enhancing regional economic development.
VivoPower International PLC (Nasdaq: VVPR) announced a 28% decline in revenue and 17% drop in gross profit for the half-year ended December 31, 2020, attributed to strict COVID-19 lockdowns in Australia. Despite these challenges, the company completed its acquisition of Tembo e-LV, enhancing its sustainable energy solutions. Notable achievements include a $250 million partnership deal with GB Auto and a deal with Tottenham Hotspur FC for sustainable energy solutions. The underlying adjusted EBITDA stood at $1.2 million, down from $5.5 million in the previous year.
VivoPower International PLC (Nasdaq: VVPR) has entered a partnership with Tottenham Hotspur as its Official Battery Technology Partner until the end of the 2021/22 season. This unique collaboration aims to support the football club's commitment to achieving net zero carbon status. VivoPower is set to review the club's stadium and training center, proposing a sustainable energy solution, including a solid-state battery and solar panels. The partnership highlights Tottenham's dedication to sustainability, recognized as the Premier League's greenest club and a participant in the UN Sports for Climate Action Framework.
VivoPower International PLC (NASDAQ: VVPR) announces the appointment of Hugh Durrant-Whyte to its Advisory Council, marking the completion of its six-member team. Durrant-Whyte, a prominent figure in robotics and automation, has an extensive background, including roles as Chief Scientist in New South Wales and Chief Scientific Advisor to the UK Ministry of Defence. His expertise is expected to enhance VivoPower's efforts in deploying Tembo electric vehicles and sustainable energy solutions, particularly within the mining sector, as noted by CEO Kevin Chin.
VivoPower International PLC (NASDAQ: VVPR) has sold its majority stake in the Daisy Hill Solar Farm, a 6.3 MW-DC solar project in New South Wales, Australia, to IT Power (Australia) Pty Ltd. The transaction yielded a 2.1x return on VivoPower’s invested capital. CEO Kevin Chin stated that this sale aligns with the company’s new focus on customer-centric sustainable energy solutions, including renewable generation and battery storage. The completion of the project is now entrusted to ITP Renewables, with expectations of successful delivery.
VivoPower International (Nasdaq: VVPR) will report its half-year results for the period ending December 31, 2020, on February 24, 2021, at 16:00 EST. An accompanying earnings conference call, led by CEO Kevin Chin, is scheduled for the same day at 16:30 EST. Interested parties can access the live audio call via specified dial-in numbers, and a webcast will be available on VivoPower's website, with the replay accessible for one year.
VivoPower specializes in sustainable energy solutions, focusing on battery technology and electric vehicles.
LONDON, Jan. 27, 2021 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) announces the completion of electrical works for the 39 MWdc Molong Solar Farm in New South Wales, Australia. This project will generate about 78,000 MWh of annual clean energy, powering approximately 11,000 homes and displacing over 53,000 tonnes of CO2 emissions yearly. J.A. Martin, its subsidiary, has now worked on over 150 MWdc of solar farms in Australia in the past three years, underscoring its growth in solar solutions.
VivoPower International has entered a landmark agreement with GB Auto Group to enhance electric vehicle (EV) distribution in Australia, particularly for the Tembo electric Toyota Land Cruiser and Hilux. This deal is touted as the most significant in Australasia's EV sector, potentially generating US$250 million in revenue over four years. GB Auto is expected to order at least 2,000 Tembo conversion kits within the first four years. The partnership will also explore applications in mining and other industries.
VivoPower International PLC (NASDAQ: VVPR) announced it was ranked 47th on the 'Top Impact Companies' list of 2021 by Real Leaders, recognized for its sustainability efforts and B Impact Assessment score. The award highlights VivoPower's commitment to generating sustainable energy solutions. Alongside other notable companies like Tesla and Beyond Meat, VivoPower aims to address global challenges while promoting profitability. This award reflects the growing recognition of business models that prioritize positive societal impact.