U.S. Department Of Energy Office Of Clean Energy Demonstrations Selects Technip Energies And LanzaTech Global To Begin Award Negotiations For Up To $200M In Bipartisan Infrastructure Law And Inflation Reduction Act Funding
Portfolio Pulse from Benzinga Newsdesk
The U.S. Department of Energy's Office of Clean Energy Demonstrations has chosen Technip Energies and LanzaTech Global (LNZA) to start negotiations for up to $200M in funding from the Bipartisan Infrastructure Law and Inflation Reduction Act. This funding aims to support clean energy initiatives.
March 25, 2024 | 10:11 am
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LanzaTech Global is in negotiations for up to $200M in funding from the U.S. Department of Energy, which could significantly boost its clean energy projects.
The selection of LanzaTech Global for award negotiations by the U.S. Department of Energy signifies a strong endorsement of the company's clean energy technologies and projects. This potential funding of up to $200M could provide significant financial resources to accelerate LanzaTech's initiatives, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
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