Worldwide efforts are being made towards carbon neutrality, but ongoing supply issues with common battery metals are already becoming a significant hindrance.

However, graphene — a ‘carbon wonder product’ has several attributes that earned it its super-material status: a high melting point, hydrophobic, rapid heat diffusivity, lubrication, and high tensile strength.

Graphene Manufacturing Group (TSXV:GMG) is pioneering a new, sustainable solution for graphene extraction that has led to the development of several disruptive products. The company's main product is a next-generation aluminum-ion battery that completely sidesteps the need for traditional battery metals.

Countries and companies worldwide are charging headfirst towards carbon neutrality, but supply issues with common battery metals are already becoming a significant hindrance. Enter graphene — a ‘carbon wonder product’ that may be the solution to storing the clean energy of the future. Graphene has several attributes that earned it its super-material status: a high melting point, hydrophobic, rapid heat diffusivity, lubrication, and high tensile strength.

Advancements in nanoscience have helped further explore the applications and extraction of the super-material. However, much of the world’s graphene is mined using a traditional approach that calls for targeting ore with natural deposits, crushing the ore, refining the ore, and processing it to obtain graphene. This process is quite costly and leads to a higher graphene price tag. Fortunately, this creates an opportunity for companies that explore new methods of obtaining and processing the super-material.

Graphene Manufacturing Group (TSXV:GMG) is an Australia-based company pioneering a new, sustainable solution for graphene extraction that has led to the development of several disruptive products. The company’s flagship product is a next-generation aluminum-ion battery that completely sidesteps the need for traditional battery metals, such as lithium and copper. Graphene Manufacturing Group (GMG) has also developed additional applications for graphene, including HVAC coating and automotive fluids.

The company focuses on developing intellectual property and establishing strategic partnerships to supply the necessary raw materials. Additionally, the company forged a collaborative agreement with Bosch to build a pilot plant for battery production. Another partnership opens up research opportunities, as GMG recently became a member of the Thermal and Fluid Sciences Affiliates Program at Stanford University, which serves as a two-way conduit that facilitates research and engineering.

GMG’s extraction process calls for a single step that uses natural gas and electric plasma to break down the base material into hydrogen and graphene powder. The extraction process and resulting graphene powder, known as Graphene G™ Powder, are proprietary. The proprietary process has given GMG a cost-effective alternative to accessing pure graphene powder that eliminates the risk of contaminants that would otherwise lower its grade.

Graphene G™ Powder has allowed the company to develop intellectual property targeting clean energy, HVAC and automotive markets. The company’s aluminum-ion battery is made without cobalt, copper, or lithium. The battery also charges up to 70 times faster and offers up to three times more battery life than lithium-ion batteries. Thermal-XR® is a cost-saving HVAC coating that offers improved conductivity of corroded heat exchange surfaces. Lastly, G™ Lubricant is a concentrated graphene and lubricating oil product, designed for automotive use that provides energy savings and emissions savings and prevents wear.

Graphene Manufacturing is led by an experienced team of managers and scientists. Craig Nicol, CEO, has over 20 years of experience delivering large-scale innovations throughout Australia and Asia and managing sales teams for Shell International. Chris Ohrich, CFO, brings 20 years of commercial, finance, and corporate transaction experience to the company. Jeff Morris, CTO, has over 25 years of experience in project management and engineering throughout natural resources and renewable energy industries. Dr. Ashok Kumar Nanjundan has 20 years of academic and commercial experience in chemical and material engineering. Other directors and advisors bring diverse backgrounds to create a well-rounded management team.

GMG is pioneering new battery technologies to store the clean energy of the future. A partnership with the University of Queensland Research and UniQuest has assisted GMG in creating an aluminum-ion battery. The world-exclusive battery technology has been laboratory tested and currently illustrates distinct advantages over lithium-ion batteries, such as improved charge time and energy storage.

Thermal-XR is an HVAC-R coating system that provides improved conductivity of corroded heat exchange surfaces. The product coats and protects damaged surfaces while also rebuilding lost thermal conductivity.

GMG’s revolutionary lubricant uses roughly one percent lubricating oil and can be added to existing formulated lubricants. It can also be tailored by GMG to satisfy specific client needs. In addition, the product protects surfaces by reducing the friction coefficient and providing a protective layer between metal surfaces.

Craig Nicol has a career of over 20 years in delivering large-scale innovation, including leading multi-billion-dollar gas and LNG value chains in Australia and Asia Pacific, while managing sales and marketing teams across Asia Pacific for Shell International. Nicol has a bachelor’s of engineering degree in manufacturing systems (honours) and a bachelor’s degree in business marketing from the Queensland University of Technology. Nicol is a member of the Australian Institute of Company Directors (AICD) and the Chair of the Australian Graphene Industry Association (AGIA).

Frederick Kotzee is a chartered accountant with more than 20 years of public markets company experience leading financial operations and strategic planning for multinational companies. Through his career, Mr. Kotzee has held various positions in the Anglo American Group where his roles included General Manager of Corporate Finance, Head of Business Development at Anglo Platinum and then Chief Financial Officer of Kumba Iron Ore Limited, listed on the Johannesburg stock exchange. Mr. Kotzee was the CFO of the Australian listed Kidman Resources Limited, a lithium project developer, where he successfully secured financing and offtake agreements with large battery purchasing companies as well as supporting the company's ultimate acquisition by Wesfarmers Limited for more than $750m.

Jeff Morris has over 25 years of experience in engineering and project management. Morris has worked in the oil and gas, mining, water treatment, and renewable energy industries. He specializes in construction, commissioning, energy management, and business development. Morris has completed studies of a master’s degree in executive business at QUT, diploma of project management at UNE, and bachelor of chemical engineering at UQ.

Dr Ashok Nanjundan has over 20 years of academic and commercial chemical and materials engineering experience focused on carbon nanomaterials (graphene) for energy storage and conversion applications. Ashok has held roles and been the recipient of national and international fellowships. These include serving as adjunct associate professor, University of Queensland, senior lecturer adjunct, Queensland University of Technology, Marie-Curie fellowship at the French Atomic Energy Commission, fellow at the Japanese Society for Promotion of Science (JSPS), fellow at Kumamoto University, Japan and Research fellow at Trinity College Dublin, Ireland. Ashok has published over 75 journal articles, been cited more than 4,000 times, and has an h-index of 32. Ashok has a doctorate of engineering, material science from the Pukyong National University Busan Korea and masters of science in chemistry from Bharathiar University, India.

Sheena Ward has over 15 years of HSEQ major and hazardous operations, regulatory, and supply management experience. Ward has had management roles in manufacturing, chemical, mining, heavy vehicle, transport, and logistics industries. Ward has implemented HSEQ systems and improvements at Toll, Dyno Nobel, and Incitec Pivot. She has a diploma in international business and SAI Global Assurance Auditor Certification.

Mark Chan Yan has over 20 years of experience managing businesses that deliver technology solutions to industry. He has worked for large global OEM’s commercialising solutions in the electrification, process automation and digital transformation technology arenas. Mark has covered markets in sub-Sahara Africa, Asia and Oceania and has senior leadership, financial, operational, sales & service sector experience. Mark has a Bachelor of Science, in Electrical and Electronics & Electronics Engineering from the University of Cape Town.

Mark has deep experience in industrial equipment sales and service solutions working in sales and technical leadership roles for companies including Komatsu, Brambles, Coates Hire, Onsite Rental Group and Aurizon. Most recently for Waco Australasia – a company servicing mining and heavy industry with specialist access, protective coatings and maintenance solutions. Mark will lead our Energy Savings Solutions business going forward.

Jeff Morris has over 25 years of experience in engineering and project management. Jeff has worked in the oil and gas, mining, water treatment, and renewable energy industries. Jeff specialises in construction, commissioning, energy mangement, and business development. Jeff has completed studies of a Master’s Degree in Executive Business at QUT, Diploma of Project Management at UNE, and Bachelor of Chemical Engineering at UQ.

Tim Scheiwe has over 20 years of senior management experience in the chemical B2B and B2C markets covering ANZ, Asia and the Pacific. Tim has strong governance, product management, sales, marketing, financial, operational, supply chain, systems innovation, technical and regulatory compliance experience. Tim has a strong background in the delivery of long term growth for a range of businesses ranging from SME’s to corporations. Tim has a Bachelor of Commerce from Griffith University and Master of Business Administration from the University of Queensland.

Anjana Reddy has broad legal, commercial and HR experience, including senior Commercial roles for Coca-Cola Amatil, Queensland Government owned Electricity Generator Stanwell and Middle East construction JV Habtoor Leighton Group. Most recently with IOR Petroleum as Manager Commercial and Contracts. Anj has a Bachelor of Science and Law with First Class Honours from James Cook University, a Masters in Commercial and Contracts Law from University of Melbourne, a Masters of Business Administration from University of Queensland, Principles of International Law from Harvard Extension School and is a qualified General Practitioner.

Bob Galyen is a highly experienced executive in the battery energy storage world and science/engineering-based communities. Bob was previously the Chief Technology Officer (CTO) of Contemporary Amperex Technology Company Limited (CATL). CATL is widely known as the largest lithium ion battery manufacturer in the world – supplying electric vehicles and high efficiency storage systems. He serves on multiple Committees of Directors and Technical Advisory Boards.

Dan Brett is a Professor of Electrochemical Engineering at the University College London (UCL), a top-ranked University, where he is a director of the Electrochemical Innovation Lab (EIL) and Advanced Propulsion Lab (APL). He is an academic founder of the Faraday Institution (a UK battery research programme with a consortium of over 20 UK universities and 50 businesses – including 450 researchers) and a member of its Expert Panel.

Emma FitzGerald has 25+ years of leadership experience with global businesses in the Water and Energy Sectors. Most recently she was CEO of Puma Energy focused on delivering affordable and sustainable energy solutions to emerging markets in Africa, Central America and Asia. Prior to this she ran gas, water and waste networks for National Grid and Severn Trent in the UK. She also spent many years running Downstream Retail, Lubricants and LPG businesses for Shell plc. around the world. Over the last ten years she has served on the boards of publicly listed, privately owned and not for profit organizations in both Executive and Non Executive Director capacities.

Emma is currently a Non-Executive Director of UPM Kymmene, Seplat Energy and Newmont Corporation. She is also a Mentor on the climate workstream for the Creative Destruction Lab, a not for profit organisation focused on the scaling of innovative solutions to accelerate energy transition. Emma has a PHD in surface chemistry/materials science from Oxford University and an MBA from Manchester Business School.

Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) ("GMG" or the "Company") is pleased to announce the appointment of Frederick Kotzee as chief financial officer (CFO), effective July 25th, 2022. Mr. Kotzee joins GMG as an experienced CFO having worked with a number of resource and industrial related companies in Australia and South Africa. Mr. Kotzee will be a member of GMG's leadership team reporting to and working closely with CEO, Craig Nicol.

Mr. Kotzee is a chartered accountant with more than 20 years of public markets company experience leading financial operations and strategic planning for multinational companies. Through his career, Mr. Kotzee has held various positions in the Anglo American Group where his roles included General Manager of Corporate Finance, Head of Business Development at Anglo Platinum and then Chief Financial Officer of Kumba Iron Ore Limited, listed on the Johannesburg stock exchange. Mr. Kotzee was the CFO of the Australian listed Kidman Resources Limited, a lithium project developer, where he successfully secured financing and offtake agreements with large battery purchasing companies as well as supporting the company's ultimate acquisition by Wesfarmers Limited for more than $750m.

GMG's CEO Craig Nicol stated, "I'm looking forward to Frederick's contributions to a wide range of finance and business areas to support GMG's ongoing development. Frederick's running of the multi-faceted elements of the finance function, and helping to lead the organisation's growth, will be key in the next steps for the Company."

Guy Outen, GMG's Chair added, "I'm delighted to welcome Frederick to GMG. He's a leader with a broad range of finance and general business capabilities and experiences. His past CFO successes in listed company reporting, debt and equity financings, along with the wide range of finance responsibilities will be great assets as will his broader experiences in operations and commercial agreements in supporting GMG's significant aspirations."

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact:

- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223 - Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131129

News Provided by Newsfile via QuoteMedia

Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that Dr Emma FitzGerald will join the Company's board of directors (the "Board"), effective July 1, 2022. GMG also announces that current Director Robbert de Weijer will leave the Board and the Company effective July 15, 2022.

Emma FitzGerald has 25+ years of leadership experience with global businesses in the Water and Energy Sectors. Most recently she was CEO of Puma Energy focused on delivering affordable and sustainable energy solutions to emerging markets in Africa, Central America and Asia. Prior to this she ran gas, water and waste networks for National Grid and Severn Trent in the UK. She also spent many years running Downstream Retail, Lubricants and LPG businesses for Shell plc. around the world. Over the last ten years she has served on the boards of publicly listed, privately owned and not for profit organizations in both Executive and Non Executive Director capacities.

Emma is currently a Non-Executive Director of UPM Kymmene, Seplat Energy and Newmont Corporation. She is also a Mentor on the climate workstream for the Creative Destruction Lab, a not for profit organisation focused on the scaling of innovative solutions to accelerate energy transition. Emma has a PHD in surface chemistry/materials science from Oxford University and an MBA from Manchester Business School.

Robbert de Weijer was a co-founder of GMG, joining the Company and Board in 2017. He has played a key role in the development of GMG's unique graphene production technology and its translation into operating processes. Robbert's passion for Health, Safety and Environment saw him drive and support key processes and initiatives as GMG experimented and grew. Robbert also developed and fostered a number of key technical and commercial partner relationships critical to GMG's success. Over the past year he has overseen the battery production programme before recently handing over responsibilities.

Guy Outen, Board Chair, said "The Board understands and supports Robbert's desire to spend more time with his family and friends in Australia and overseas and thus his resignation as executive and Director. The Board and the Company thank him and wish him and his family every success in the future. We also very much welcome Emma to the Board and look forward to her contribution to GMG's further development."

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact:

- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223 - Leo Karabelas at Focus Communications, info@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements relating to the impact of the new Board member on the Company's development.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, the effectiveness of Company's personnel, and their ability to impact the development of the Company.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company's resources and personnel and the accuracy of the Company's expectations regarding the impact of personnel on the Company's development.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128715

News Provided by Newsfile via QuoteMedia

Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) ("GMG " or the "Company") is pleased to announce that the Company has commissioned its graphene aluminium-ion batteries ("G+AI Batteries") in pouch cell format and that the first G+Al battery pouch cells have been manufactured. With the addition of the pouch cell equipment to the existing pilot production and testing plant ("Battery Pilot Plant"), GMG now has operationalised the Battery Development Centre ("BDC") to enable the productization of this technology for a wide variety of applications.

GMG's Managing Director and CEO, Craig Nicol, commented: "The commissioning of our pouch cell manufacturing equipment is another important milestone for GMG. It allows us to capitalise on the experience already gained with coin cell development and testing to open the avenues for our technology to a much broader application base. Much of the interest from prospective customers lies in our ability to productize the pouch cell, which can be found in a large range of end products ranging from personal and industrial appliances to grid batteries and EVs."

"Having our own fully equipped and staffed Battery Development Centre will further enhance our ability to co-innovate with partners that continue to express strong interest in the initial performance results and future potential of G+AI Batteries" Nicol said.

As previously announced, subject to successful commercial prototypes and a final investment decision, GMG aims to construct an initial commercial coin cell G+AI Battery manufacturing facility, followed by first production and sales of G+AI Batteries with the development of G+AI Batteries in pouch cell format occurring in parallel in the Battery Development Centre. The location of this initial commercial manufacturing facility is not yet decided but will likely be in Australia where GMG's headquarters and existing operations are located.

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact:

- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223 - Leo Karabelas at Focus Communications, info@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the productization of the pouch pack technology and its potential applications; and the effect of the BDC on innovation and partnerships.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including its personnel; the successful commercialization and industrial application of the battery pouch pack format; the market demand for the Company's products; and the results and impacts of the BDC will differ from the Company's expectations.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the benefits and impacts of the BDC; the Company's ability to research, develop and test its products within anticipated timelines; and market demand for the Company's products.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127839

News Provided by Newsfile via QuoteMedia

 Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide an update to the composition of the Company's leadership team and Technical Advisory Committee which will support the Company as it proceeds into its next phase of development.

Additionally, the Company announces that after nearly six years with GMG, Chris Ohlrich, CFO and Director has decided to leave the Company for personal reasons, since relocating to Melbourne with his family. The current Financial Controller for the Company, Deborah Appleton, will act as the interim CFO until the Company completes a comprehensive executive search for his replacement which is being carried out by executive search firm Russell Reynolds Associates.

As the Company enters its next phase of development, GMG believes there are significant business opportunities related to GMG's targeted 'energy saving' and 'energy storage' solutions, which continue to provide strong encouragement for the Company to invest resources to drive sales from its energy saving business and support the continued maturation of its graphene-Aluminium Ion battery technology.

With this focus in mind, the Company is pleased to announce the establishment of a knowledgeable, internationally experienced, Technical Advisory Committee which will include the following members who will add deep insight, experience and connections to GMG:

Underpinning the Company's efforts to further strengthen its management team, GMG is excited to announce several recent new management team appointments, including:

Chris Ohlrich has been instrumental in the establishment of GMG. Under Chris' financial leadership GMG recently reported approximately AU$14 million in cash on its balance sheet, strong and effective shareholder relationships, a robust network within North American capital markets, and an effective finance and reporting team that has successfully lodged inaugural public Annual Financial Statements and ongoing quarterly disclosures. The Company understands and supports Chris' desire to be based with his family in Melbourne and thus resignation as CFO and Director as at 3rd June, 2022. The Board and Company thank him and wish him and his family every success in the future.

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact:

- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223

- Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements relation to the business opportunities that exist in relation to the Company's energy saving and energy storage offerings, and the affect of new appointments to the management team and advisory board on the development of the Company.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to uncertain demand for the Company's products, the effectiveness of Company's deployment of resources, and the failure of GMG to attract and retain skilled personnel.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company's resources and personnel and the accuracy of the Company's expectations in the energy saving and storage space.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126578

News Provided by Newsfile via QuoteMedia

Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG and Rio Tinto Group ("Rio Tinto") have signed a non-binding agreement to collaborate on energy saving and storage solutions. Together, GMG and Rio Tinto will explore the use of energy saving products in Rio Tinto's operations, explore working together to support GMG's development of Graphene Aluminium-Ion ("G+Al") batteries, and collaborate on mining and other industrial applications.

Under a non-binding term sheet, GMG and Rio Tinto will:

Rio Tinto's Chief Scientist, Nigel Steward, commented, "Our companies share a vision of a low carbon future and we see great potential in the partnership. We aim to develop a truly green battery from our low carbon aluminium, which could transform the way we supply and store energy to anything from a leaf blower to a mining haul truck. It is a very exciting prospect and we are looking forward to bringing together the technical ingenuity of both Rio Tinto and GMG."

GMG's Managing Director and CEO, Craig Nicol, commented: "We are excited to be collaborating with Rio Tinto, one of the world's largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations. The collaboration with Rio Tinto adds another key element in GMG's leading partnerships to develop our G+Al Battery following recent agreements with Wood for scaling graphene production and Bosch for automated battery production. Rio Tinto's supply of aluminium and development of material industrial battery applications also add to our battery development plans. Together, with the partnerships already established, this is another important step towards GMG's goal to become a major global supplier of energy saving products as well as G+AI Batteries as we continue to de-risk the commercial scale up of this technology."

Rio Tinto is a leading mining and metals company, operating in 35 countries and producing high-quality iron ore, copper, aluminium, and other materials that are essential for the low-carbon transition. Rio Tinto is committed to reaching net-zero by 2050 and is targeting a 15% reduction in scope 1&2 emissions by 2025 (from a 2018 baseline) and a 50% reduction by 2030. For more information visit riotinto.com.

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact: - Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223 - Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding timing, completion and the final terms and conditions of binding agreements to be entered into between Rio Tinto and the Company; Rio Tinto's role as a technical development partner and supplier of aluminium and the impacts and benefits arising therefrom; GMG's ability to produce its products and the benefits arising from such products; and the commercial progress and technical characteristics of certain products; the ability of GMG's products to enhance Rio Tinto's performance with regards to certain industrial applications, and reduce carbon emissions.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including that GMG and Rio Tinto will be unable to agree on terms and conditions for binding agreements; that such terms and conditions will differ from the Company's expectations; that results and impacts arising from any binding agreements between GMG and Rio Tinto will differ from the Company's expectations; changes to regional and global market trends; and that the Company will be unable to research, develop and produce certain products and technologies.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's ability to enter into binding agreements with Rio Tinto on the terms consistent with the Company's expectations; that benefits and impacts arising from binding agreements between the Company and Rio Tinto will be consistent with the Company's expectations; the Company's ability to research, develop and test its products within anticipated timelines; and market demand for the Company's products.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124459

News Provided by Newsfile via QuoteMedia

Click here to read the previous cleantech market update.

The trend toward a green energy transition continues to gather pace as governments push forward with measures to fight climate change and investors’ gain interest in cleantech increasing.

Cleantech spans several industry verticals, including: renewable energy generation, energy storage, energy efficiency, transportation, air and environment, clean industry, water and agriculture.

With the second half of 2022 now in full swing, the Investing News Network (INN) looks at the main trends in the sector and what’s ahead for cleantech investing for the rest of the year.

Following an uncertain 2020 that saw the cleantech sector gain traction and stocks perform strongly, investors shifted focus to the recovery from COVID-19. Overall, the cleantech space continued to perform well in 2021, almost above expectations. In 2022, the main issue has been how a recession may impact industry momentum.

“While a recession is no certainty, macroeconomic indicators suggest it's very possible, and even the threat of inflation is enough to drive decision-making changes within companies,” Yuan Sheng Yu of Lux Research said. “If we do enter a recession … the magnitude and duration of impacts to the climate tech space (are expected) to be significantly lower and shorter than the impacts of the recession 15 years ago.”

The expert believes there are a few reasons why history will not repeat itself — namely that regulations driving emissions reductions likely won’t budge, and that climate tech is now a core product, not a long-term target.

“Certain indicators like venture capital funding or the stock prices of the many overvalued special purpose acquisition company startups will decline, but leaders in the climate tech space will continue to find success regardless of the global economy,” he explained to INN.

According to the International Energy Agency (IEA), at this point, renewables, grids and storage make up over 80 percent of total investment in the power sector. Furthermore, the organization expects a record level of spending on clean energy to boost global energy investment by 8 percent this year.

“We cannot afford to ignore either today’s global energy crisis or the climate crisis, but the good news is that we do not need to choose between them — we can tackle both at the same time,” IEA Executive Director Fatih Birol said.

“A massive surge in investment to accelerate clean energy transitions is the only lasting solution. This kind of investment is rising, but we need a much faster increase to ease the pressure on consumers from high fossil fuel prices, make our energy systems more secure, and get the world on track to reach our climate goals.”

Within the cleantech space, a segment that has been gaining traction is energy storage.

Prices for lithium-ion batteries, which are used in electric vehicles and energy storage, have been climbing since the H2 2021, rising 10 to 20 percent toward the end of the year for various reasons, as per analysts at IHS Markit.

Broad increases in raw materials prices have been a factor, and demand for lithium-iron-phosphate (LFP) batteries from OEMs has also surged as the technology gains traction in lower-cost, shorter-range electric vehicles.

“These increases have been predominantly for lithium iron phosphate technology, which is the favored technology for grid energy storage systems,” the IHS Markit analysts said.

The firm doesn't expect prices declines to start up again until 2024, although this will depend on how quickly LFP manufacturing capacity can scale up.

IHS Market is calling for average battery module prices to be 5 percent higher year-on-year in 2022, which will contribute to a rise of 3 percent in total battery energy storage system costs.

Renewable energy capacity installations stayed at an all-time high last year despite headwinds such as supply chain constraints and commodities price increases. In fact, wind and solar capacity installations were up 28 percent in the first eight months of 2021 compared to the same period in 2020, according to a Deloitte report.

Solar photovoltaic (PV) systems have declined in cost by 85 percent in the last 10 years, making them among the most cost-competitive energy resources in the market.

“As it flexes its competitive muscle, the solar industry will likely boost efforts to explore new configurations and business models,” analysts at Deloitte said. “And 2022 could well see the industry growing solar-plus-storage buildouts, exploring floating solar PV modules, and expanding community solar projects to new markets.”

Around the globe, renewables are already the cheapest source of new power generation in most markets.

“Cost declines due to technology evolutions and rapid policy advancements have triggered new investments, leading to further capacity additions and price drops,” analysts at IHS Markit said.

“In recent years however, as the technologies have matured, the capital expenditure of solar and wind has declined at a slower pace and become subject to temporary supply chain hurdles, such as the past year’s escalating shipment costs, rising module prices and escalating steel costs.”

Despite ongoing supply chain constraints, wind turbine manufacturers have continued to invest in research and development to further scale their wind turbines.

“The technology trajectory will hold its current path with the offshore sector awaiting its next big turbine announcement. For onshore, the challenge will be not to simply scale up, but also increase the number of options available as markets demand increasingly tailored technology options,” IHS analysts said.

Most analysts agree that renewable energy has great potential to reduce prices and dependence on fossil fuels in both the short and long term. However, how rapidly renewables can substitute fossil fuels hinges on several uncertainties and will depend on many factors.

Renewable capacity is expected to increase by over 8 percent in 2022, reaching almost 320 gigawatts.

“But, unless new policies are implemented rapidly, growth remains stable in 2023 because solar PV expansion cannot fully compensate for lower hydropower and steady year-on-year wind additions,” the IEA states.

Another segment receiving a lot of attention this past year has been hydrogen, with greater policy clarity driving large increases in the pipeline for green hydrogen and associated products.

“Although capacity is projected to more than double over the next couple of years, a significant supply gap could open up in 2025 if green hydrogen projects currently in pipeline remain true to their timelines,” as per IHS Markit.

Analysts at the firm are calling for additional commitments to manufacturing capacity this year and in 2023, although it noted that periods of misalignment should be expected.

A major driving force behind the rise of green hydrogen has been the decreasing cost of renewable energy, a key requirement in the production process.

Development of green hydrogen, which has the the potential to provide long-duration and seasonal storage of fuel available on demand to generate power, is also expected to move forward as renewable energy penetrates the grid.

“States and energy companies are also responding to this opportunity and ramping up renewable hydrogen production. Interest is also high in a host of evolving mechanical and battery storage technologies offering long-duration energy storage options and supporting the grid,” Deloitte analysts said.

Investors may be wondering what's in store for the overall cleantech industry this year.

“Supply chain risks and increasing costs remain a major concern for the renewables industry, and companies throughout the value chain will need to mitigate and hedge these risks to remain successful,” analysts at IHS Markit said. “Despite these concerns, the value of renewables remains high enough to sustain a healthy growth rate of renewables additions.” The firm projects that supply chain tightness will keep prices high in 2022.

“Trade barriers and geopolitics will continue being at the center of the industry and start to reshape the global manufacturing map,” analysts at the organization said.

The cleantech industry may also go down new avenues with potential support from government policies geared at fighting climate change.

“Significant industry focus on supply chain security will likely continue, as stakeholders explore multiple options to tackle recent disruptions, especially for solar,” analysts at Deloitte said. “Some developers will likely also resort to strategies such as renegotiating power purchase agreements, while some are taking a wait-and-see approach.”

Despite higher-costs, lithium-ion batteries will remain competitive with alternative technologies in the energy storage segment. “The bigger threat to growth is the ability of system integrators to procure the required volumes of batteries,” IHS Markit analysts believe.

In terms of hydrogen, affordability and a lack of standardization and infrastructure are the main barriers.

“Since last year, policymakers are targeting all three with measures to provide clarity to corporates and investors and begin to build a framework to allow the progress of large scale projects,” analysts at IHS Markit said. "Through 2022 we expect the policy push will continue."

Don’t forget to follow us @INN_Technology or real time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Clean technology, or cleantech, refers to products, services and technologies that reduce negative environmental impacts through improving energy efficiency, the sustainable use of resources or environmental protection activities.

Cleantech spans several industry verticals, including: renewable energy generation, energy storage, energy efficiency, transportation, air and environment, clean industry, water and agriculture. Together, this array of sectors constitutes much of the diverse market of cleantech investing.

The key trends dominating the global cleantech sector in 2022 are energy storage, electric vehicles (EVs), hydrogen solutions and carbon capture. Read on for more of what the space looks like today.

Cleantech investing began to gain prominence in the mid-2000s, when mainstream investors started investing in the environment, as well as the alternative and renewable energy sectors. A decade and a half later, the sector has become an important venue for innovation.

Substantial progress has been made in the areas of wind power, solar photovoltaics (PV), advanced batteries, energy-efficient lighting and fuel cells.

For example, according to the International Energy Agency (IEA), new capacity for solar electricity generation increased to a record level worldwide in 2021 and this growth is expected to continue in 2022. In fact, solar PV is set to account for 60 percent of global renewable power growth in 2022.

The cleantech industry faced a few setbacks in the US under the Trump administration. For example, during his presidency, Donald Trump repealed the Clean Power Plan and tried to replace it with a plan that would have allowed the continued operation of many US coal mines. In 2017, Trump also withdrew the US from the Paris Climate Agreement.

President Joe Biden returned the US to the Paris Climate Agreement within a few hours of taking office. In March 2021, the Biden administration released a US$2 trillion infrastructure plan that includes steps to accelerate the adoption of EVs and deployment of charging stations.

However, as of July 2022 the climate change provisions in the Build Back Better plan have been all but erased following significant pushback by Senate Republicans and Democrat Joe Manchin.

Despite this, the US Energy Information Administration (EIA) forecasts that “most of the increase in U.S. electricity generation through 2023 will come from renewable energy sources as a result of growth in U.S. renewable generating capacity.” The EIA sees renewable energy accounting for 22 percent of the country’s electric power sector generation in 2022 and 24 percent in 2023, up from 20 percent in 2021.

The US office of Energy Efficiency & Renewable Energy sees offshore wind as a major sector for clean technology investment in the US. The pipeline for US offshore wind projects represents 35,324 megawatts (MW) of capacity with 15 projects in the permitting phase.

Looking north, in October 2020, the Canadian government announced a four year C$100 million investment to accelerate cleantech development and adoption in the oil and gas industry. In December 2020, Canada launched the Net Zero Accelerator initiative to “help build and secure Canada’s clean industrial advantage.”

Canada’s 2022 budget provides funding for electrifying the transportation sector, clean energy transmission projects and advancements in clean technologies. Greening transportation efforts includes C$1.7 billion to get Canadians into EVs by extending the Incentives for Zero-Emission Vehicles (ZEV) program until March 2025 as well as additional funding to build out the country’s EV charging infrastructure. Businesses will also get financial assistance to upgrade their fleets with medium- and heavy-duty ZEVs through a C$547.5 million four-year new purchase incentive program.

Pre-development stage clean electricity projects such as inter-provincial electricity transmission projects and small modular reactors are slated to benefit from C$250 million in support over four years. Under the Smart Renewables and Electrification Pathways Program, C$600 million is allocated over seven years for renewable electricity and grid modernization projects.

Additionally, in the fall 2022 economic and fiscal update, the Department of Finance Canada is expected to announce details of an investment tax credit of up to 30 percent aimed at net-zero technologies, battery storage solutions and clean hydrogen.

The global cleantech sector is expected to be worth as much as US$3.3 trillion in 2022. Unsurprisingly, that impressive figure is attracting more and more individual and institutional investment away from fossil fuels and toward cleantech energy solutions.

In both the US and Canada, increased cleantech investment is likely to move those countries toward greater consumer acceptance of renewable energy and EVs as cost-effective, sustainable means for power and transportation. This in turn will help drive further growth in North America’s cleantech and manufacturing sectors, creating jobs and more opportunities for investors.

A recent S&P Global report shows that in 2021, private equity and venture capital investment in cleantech totaled US$14.66 billion. That strong investment is continuing into 2022, with US$11.92 billion across 33 deals as of May 23, up 144 percent compared to the same period in the previous year. Cleantech investments in the US and Canada (US$6.62 billion) represent more than half of that figure.

“... With an eye towards the future, private equity firms have been investing heavily in the transition to a low-carbon economy and renewable energy,” Eamon Nolan, partner at international law firm Vinson & Elkins. “The opportunity is enormous. Forecasters, including Credit Suisse, have put the price tag for the global undertaking at $100 trillion over the next 30 years, with most of the money coming from private sources.”

All in all, these major investments in the cleantech sector illustrate the growing importance of the movement toward a cleaner, greener economy. It will certainly be an interesting arena to watch.

This is an updated version of an article first published by the Investing News Network in 2015.

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

Alkaline Fuel Cell Power (NEO:PWWR, OTCQB:ALKFF) focuses on developing, producing and commercializing clean energy technology. The company has active revenue streams while simultaneously developing advanced hydrogen-based technology for future solutions. Alkaline Fuel Cell Power is led by a team of experts with experience in corporate administration, finance and utilities.

The company’s PWWR Flow Streams (“PWWR Flow”) solution is presently on the market and offers cost-effective combined heat and power (CHP) for multi-residential and commercial applications. Its natural gas-powered CHP systems are cost-efficient, and can reduce air emissions and maintain grid connection for peak usage times and backup power.

This Alkaline Fuel Cell Power. profile is part of a paid investor education campaign.*

Click here to connect with Alkaline Fuel Cell Power (NEO:PWWR, OTCQB:ALKFF) to receive an Investor Presentation

The electrification revolution is well underway, but will solar and wind power alone help us reach the carbon-neutral emissions goals set by governments worldwide? It’s unlikely, as we’re already seeing a dwindling supply of necessary metals, but integrating hydrogen-based technologies may help cover the gap. It’s estimated that hydrogen cleantech could meet 24 percent of the world’s energy demand by 2050 and reach annual sales of approximately €630 billion.

Current clean energy storage technology costs are prohibitive to widespread adoption, but hydrogen-based technologies are more affordable. Affordability is vital to the worldwide adoption of clean energy, and hydrogen may even compete with conventional options soon. Interest in hydrogen tech is surging, and it is estimated that the cumulative investments in renewable hydrogen in Europe alone could reach between €180-470 billion by 2050, with an additional €3-18 in low-carbon fossil-based hydrogen. It’s clear that hydrogen should not be overlooked by those looking to invest in the clean energy transition.

The company’s PWWR Flow Streams (“PWWR Flow”) solution is presently on the market and offers cost-effective combined heat and power (CHP) for multi-residential and commercial applications. Its natural gas-powered CHP systems are cost-efficient, and can reduce air emissions and maintain grid connection for peak usage times and backup power.

Alkaline Fuel Cell Power’s long-term goal, with Fuel Cell Power NV, is to develop advanced hydrogen-powered alkaline fuel cell technology that does not require a combustion process. These in-development fuel cells have already operated successfully in laboratory settings. The fuel cells are virtually silent, produce no vibrations, and the only by-product is pure water. Additionally, the Alkaline Fuel Cell Power fuel cells primarily use nickel, graphite and plastic, creating a significant cost advantage over the platinum and palladium used by its competitors.

The company is diversifying and future-proofing its revenue streams by working towards indirect micro-CHP systems sales, direct sales of CHP systems, parts production and sales, and supportive services. Its CHP business line is actively generating revenue with 33 active targets and a pipeline of 23 proposals. PWWR presently has a pipeline of ~$50 million in project capital.

Alkaline Fuel Cell Power is led by a team of managers and financial experts with decades of experience in corporate management, investor relations, and the utility sector. The diverse expertise of the management team gives confidence in its ability to achieve its near-term and long-term goals

The company’s long-term goal is the full development and commercialization of its cost-effective hydrogen-powered alkaline fuel cell. Due to proprietary research and leveraging cheaper raw materials, this fuel cell technology is poised to become the most cost-effective power solution on the market for mass adoption of clean energy.

PWWR Flow CHP systems is actively generating revenue with a pipeline of proposals to increase its profitability further. The total asset value of PWWR Flow sales pipeline is an estimated US$51.6 million. Its CHP units provide a cost-effective solution to producing electricity alongside heating and cooling.

Frank Carnevale is the Chief Executive Officer of Alkaline Fuel Cell Power Corp. (NEO:PWWR) Over the past two decades, he has developed and managed several investments in cleantech and PropTech platforms, including originating over $2.5 billion in transactions in energy and utility sectors. Carnevale is passionate in his defense of underserved energy customers- residential and small/medium, industrial, commercial and institutional customers. In delivering in the global energy transformation, he bridges investors with opportunities to deliver customer-centric solutions. Carnevale previously served as Chief Growth Officer and Chief Operating Officer of a TSXV-listed company delivering design and build thermal energy systems, HVAC and Building Controls in Canada. Prior to that, he was Founder and Chief Executive Officer of a boutique consulting, advisory and development firm where he originated and developed energy and infrastructure transactions, including the development of a large wind farm, distributed energy and retrofit contracts, and mergers and acquisitions of several electric utilities. . Carnevale previously served on the Executive Board of the Energy Council of Canada among several industry organizations.

Jo Verstappen has shifted his focus and experience towards hydrogen and fuel cell technology over the last five years because of the huge market potential and opportunities. He has vast experience in production methodology, organization, and business development for new products. His experience is key to structuring the Company and personnel, as well as making sure the Company will have a sizable footprint in the hydrogen market.

Joel Dumaresq has 30 years of experience in the financial sector, and for the last 12 years he has been the Managing Director of the Vancouver-based private equity firm Matrix Partners Inc. Dumaresq also has Oil and Gas executive management experience in the United Kingdom, East Africa and Asia, and has been instrumental in raising over $100M for Oil and Gas ventures from public markets and industry farm-downs. He has extensive expertise in mergers and acquisitions and previously worked in a financial and investment banking role with RBC Dominion Securities. He is also the Corporate Secretary, CFO and Director of the Company.

Carmine advises governments, utilities and cleantech startups across the Middle East, North America and the Caribbean. From 2013 to 2015, Carmine served as Chief Executive Officer of Hydro One Inc., one of Canada’s largest transmission and distribution companies, with a market cap of over $20 billion and over $23 billion in assets. He served in numerous executive roles from 2003, including Asset Management and Strategy and Planning.

Anthony Durkacz has served as a director and the Executive Vice-President of First Republic Capital Corporation (“FRCC”) since 2014. Prior to co-founding FRCC, Durkacz was President of Capital Ideas Investor Relations. He previously served as the Chief Financial Officer and a director of Snipp Interactive Inc., a global marketing solutions company that provides a modular software-as-a-service technology suite. Durkacz was instrumental in the financing and public listing of Snipp Interactive Inc. with operations in Canada, the United States of America, Mexico, and India. From 2006 to 2009, he served as Chief Operating Officer and Chief Financial Officer of MKU Canada Inc. and engaged in mergers and acquisitions of companies around the world. . Durkacz also served as the Chief Financial Officer and a director of Astris Energi Inc., a dual-listed public company in the United States and Canada, which was acquired by an international conglomerate. Durkacz began his career at TD Securities Inc. on the capital markets’ trading floor. He holds an Honors Bachelor of Business Administration from Brock University with a major in both accounting and finance.

Click here to read the previous top Canadian cleantech stocks article.

Investment in renewable energy and clean technology continues to grow. Despite setbacks due to COVID-19, global green recovery efforts have been a boon for the cleantech market.

Analysts see a few key trends dominating the cleantech sector worldwide, such as offshore wind energy, agricultural technology, electric vehicles (EVs), EV infrastructure and clean energy commercial long-haul transportation solutions, including hydrogen and energy storage installations.

With 2022 in full swing, here’s a look at the top Canadian cleantech stocks on the TSX and TSXV. CSE-listed stocks were considered, but none made the cut. All companies listed had market caps of at least C$10 million as of July 14, 2022. Numbers and figures were current at that time, with data gathered using TradingView’s stock screener.

Year-to-date gain: 26.83 percent; market capitalization: C$149.25 million

First Hydrogen has two focus areas: zero-emission vehicles and supercritical carbon dioxide extractor systems. Via agreements with AVL Powertrain UK and Ballard Power Systems, the company is working on a light commercial vehicle powered by hydrogen fuel cell technology; its extractor systems will also run on fuel cells.

Previously known as Pure Extraction, First Hydrogen has had a busy year. In the first quarter of 2022, the company signed a hydrogen collaboration agreement with Cambridge University, announced the establishment of a business division focused on the production and distribution of green hydrogen and announced plans to commence demonstrations of its green hydrogen vans through its partnerships with AVL Powertrain UK and Ballard Power Systems. In April, First Hydrogen set about securing four locations in the UK and Canada for developing green hydrogen production projects. Shares of the cleantech stock peaked at C$3.57 on April 19.

Year-to-date gain: 24.31 percent; market capitalization: C$412.53 million

Polaris Renewable Energy is engaged in geothermal and hydro projects and acquisitions in Latin America. Currently, Polaris operates a 72 megawatt (MW) geothermal facility in Nicaragua and three run-of-river hydroelectric facilities in Peru, with approximately 5 MW, 8 MW and 20 MW of capacity each. The company also operates a solar photovoltatic project in the Dominican Republic with 32.6 MW direct current (MWdc) capacity, and two solar projects in Panama with an expected total capacity of approximately 13 MWdc, currently under construction.

In May, Polaris announced a quarterly dividend of C$0.15 per share. This Canadian cleantech stock spiked to its highest point in 2022 on June 6, hitting C$21.05.

Year-to-date gain: 24.12 percent; market capitalization: C$4.4 billion

Quebec-based Boralex produces renewable wind, solar, hydroelectric and thermal energy in Canada, France and the US. The company is France’s largest independent producer of onshore wind power. In Canada, Boralex has 21 wind projects across Quebec, Alberta, Ontario and BC; nine hydroelectric projects across Quebec, Ontario and BC; one solar project in Ontario; and one thermal project in Quebec.

Boralex’s five year plan for 2021 to 2025 includes investing US$6 billion to roughly double its capacity by adding 4,400 MW. In April, the renewable energy company shared that through its partnerships with Énergir and Hydro-Québec it will develop 1.2 gigawatts worth of wind projects in Canada. In early June, five Boralex solar farms totaling 540 MW of electric generation and 77 MW of storage were selected under a request for proposals in New York state.

Boralex’s share price hit C$44.50, its highest point so far in 2022, on June 10.

Year-to-date gain: 18.25 percent; market cap: C$5.39 billion

Headquartered in Edmonton, Alberta, Capital Power is a wholesale power producer focused on sustainable energy. The company builds, owns and operates utility-scale generation facilities that include renewables and thermal. The firm has also made significant investments in carbon capture as a means toward reducing carbon impacts. The company is also focused on cutting coal, with a commitment to be off it in 2023.

Across North America, Capital Power owns 27 facilities with approximately 6,600 MW of power-generation capacity. Additionally, the company has a pipeline of advanced development projects that includes approximately 385 MW of owned renewable generation capacity in North Carolina and Alberta, as well as 512 MW of incremental natural gas combined cycle capacity in Alberta.

In May, Capital Power announced a contract renewal of four and half year with BC Hydro for the Island Generation facility, which provides reliable backup power to Vancouver Island and Metro Vancouver. Capital Power’s share price hit C$46.51, its highest point so far in 2022, on June 8.

Year-to-date gain: 8.17 percent; market cap: C$5.15 billion

Based in Calgary, Alberta, ATCO is the parent company of a diversified group of subsidiaries providing products and services to the energy, housing, transportation and infrastructure industries. The company has a goal of owning, developing or managing more than 1,000 MW of renewable energy by 2030.

In April, ATCO signed an offtake contract with Microsoft (NASDAQ:MSFT) through its subsidiary Canadian Utilities (TSX:CU,OTC Pink:CDUUF). The agreement will see the tech firm purchase the total output of a 37 MW solar park. "Renewable energy supply contracts like this agreement with ATCO are key to meeting our goal of contracting 100% of our energy consumption with renewable sources by 2025," said Kevin Peesker, president of Microsoft Canada.

ATCO’s share price peaked for the year at C$49.94 on April 14.

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

Facedrive Inc. (" STEER " or " the Company ") (TSXV: FD) (OTCQX: FDVRF), an integrated ESG technology platform, is pleased to announce that STEER EV, the Company's electric vehicle (" EV ") subscription-based service, has added a new service area, Texas to its US operations. The service is immediately available to the residents of the state, with the regional hub situated in Austin. STEER EV has been growing its fleet in Q1 - Q2 2022, and plans an ambitious expansion trajectory both in fleet size and geographical presence for Q3 through Q4.

STEER EV, a technology-driven EV subscription platform, was acquired by the Company from Exelorate Enterprises LLC, a subsidiary of Exelon Corporation (NASDAQ: EXC), in September 2020 . STEER EV was created to challenge the traditional car ownership model and accelerate the general public's switchover to environmentally friendly transportation through an automobile subscription service. The Company feels its turnkey month-to-month model – which includes insurance, maintenance, vehicle swaps and concierge delivery – presents an attractive alternative for customers seeking a time-efficient and hassle-free service.

The Company sees STEER's EV subscription business capitalizing on two mega-trends in the personal transport industry. The global electric vehicle market is expected to grow at an appreciable rate of 26.8% CAGR from 2021 to 2030 1 , and consumers are increasingly opting for more flexible driving options such as per-use or subscription-based services instead of traditional car ownership. STEER EV's expansion into Texas is also a critical step in the scaling up of the Company's operations, as this state represents the second largest car market in the United States . 2

In the first phase of its launch in Texas , STEER's fleet will consist of Tesla Model S for the "Premier Performance" tier, Tesla Model Y for the "Preferred Plus" tier and Tesla Model 3 vehicles for the "Preferred" tier. The Company feels the local market response has been particularly strong and has already resulted in significant oversubscription, based on the Company's current capacity levels in the region. STEER plans to meet this demand by continuing to scale up operations, including adding more vehicles to the fleet in the weeks to follow.

STEER's expansion to Texas comes within the context of rising gas prices, coupled with growing public attention to the issue of climate change and governments' intensifying efforts to mitigate these effects. As an ESG ecosystem, STEER is committed to addressing environmental, social and governance concerns, and will continue working towards a better future alongside responsible governments, businesses and individuals. Capitalizing on the ongoing dramatic shift in the automotive industry and consumer behavior patterns, the Company's STEER EV division has embraced the rising global trends of environmental consciousness and sharing economy.

STEER EV aims to combine the compelling story behind STEER's vision with excellent customer service standards and a commitment to operational excellence. Its customer signup process is easy and can be started in one click on the official STEER EV mobile app in IOS and Android app stores, while more information on the service and support options is available on the STEER EV website www.steerev.com . STEER's all-in subscription price for an EV vehicle includes driver essentials such as insurance, routine maintenance and repair, and a concierge service that removes the hassle of car ownership while enabling seamless vehicle swaps. STEER's seamless user experience, bespoke concierge service and growing fleet enables it to aspire for a leadership position in the industry and grow a loyal fan base in its existing markets.

"The launch of STEER EV to Texas, USA , marks an important next step in the platform's North American expansion and reflects the ever-growing demand for environmentally responsible transport by both individuals and enterprises. Furthermore, STEER EV meets an unfulfilled demand in the marketplace for a turnkey car subscription service. Having proved the efficacy and the popularity of the STEER business model in our Washington and Toronto markets, we are focused on replicating its success in Texas and offer hassle-free and flexible access to high-quality EV's to the state's residents. After Texas , our nationwide rollout will continue with the launch in Florida which is anticipated in the next 60 days, followed by launches in British Columbia and California ," said Suman Pushparajah , CEO of STEER.

1 https://www.globenewswire.com/news-release/2021/06/11/2245781/28124/en/The-Worldwide-Electric-Vehicle-Industry-is-Expected-to-Grow-at-a-CAGR-of-26-8-from-2021-to-2030.html

2 https://www.statista.com/statistics/196010/total-number-of-registered-automobiles-in-the-us-by-state/

STEER is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The Company's goal is to build a one-of-a-kind system that aggregates conscientious users, through a series of connected offerings, and enables them to buy, sell, or invest with the same platform, STEER. The Company's offerings generally fall into two categories: subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating delivery, B2B marketplace, Delivery-as-a-Service (DaaS) and rideshare businesses. The Company's platform is also powered by EcoCRED, its big data, analytics and machine learning engine which seeks to capture, analyze, parse and report on key data points in ways that measure the Company's impact on carbon reductions and offsets.

For more about the Company, visit www.facedrive.com . Suman Pushparajah , CEO suman@facedrive.com STEER 100 Consilium Pl, Unit 400 Scarborough, ON Canada M1H 3E3 www.facedrive.com

Certain information in this press release contains forward-looking information, including with respect to the Company's business, operations and condition, management's objectives, strategies, beliefs and intentions, and the company's forward plans to rebrand. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events, such as those pertaining to the Company's launch in Texas and intended fleet growth, may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See "Forward-Looking Information" and "Risk Factors" in the Company's Annual Management Discussion & Analysis (MD&A) for the year ended December 31, 2021 (filed on SEDAR on May 2, 2022 ) and its interim MD&A for the period ended March 31, 2022 (filed on SEDAR on May 30, 2022 ) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation and regulatory requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/05/c4012.html

News Provided by Canada Newswire via QuoteMedia

Investing News Network websites or approved third-party tools use cookies. Please refer to the  cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.