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NRGV

Energy Vault Holdings, Inc. (NYSE:NRGV) and NV Energy have announced the commercial operation of the Reid Gardner Battery Energy Storage System (BESS) in Moapa, Nevada. This 220MW/440MWh grid-tied system, built on a decommissioned coal-fired electric generating site, is designed to store and dispatch excess renewable energy. It represents the largest BESS owned by Nevada Energy, delivered under a full turnkey contract by Energy Vault. The system aims to provide clean energy and grid resiliency, supporting Nevada's carbon neutrality goals.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:24 pm

ACHR

Archer Aviation Inc. has signed a significant agreement with Abu Dhabi to accelerate the commercialization of its air taxi operations in the UAE, including in-country manufacturing and training. The deal, announced at the DRIFTx mobility event, involves multi-hundred-million dollar investments and aims to launch air taxi operations with Archer's Midnight aircraft as early as next year. This partnership with the Abu Dhabi Investment Office (ADIO) also includes the development of vertiports, operational support, and the establishment of Archer's international headquarters in Abu Dhabi.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:23 pm

NVDA

ORCL

Oracle announced the availability of NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster in the Oracle U.S. Government Cloud region, enhancing sovereign AI capabilities for U.S. government customers. This collaboration between Oracle and NVIDIA provides a secure, scalable platform for developing and deploying AI solutions, leveraging NVIDIA's H100 and A100 Tensor Core GPUs for high-performance computing and AI applications. The service aims to meet stringent security and compliance requirements, offering a comprehensive suite of tools for AI development and deployment.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:21 pm

GOOGL

Google is significantly expanding its hardware research and development team in Taiwan, making it the largest hardware R&D hub outside the U.S. The company aims to enhance its device and software ecosystem, with a 20-fold increase in its workforce over the past decade.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:19 pm

IBM

IBM has introduced new storage capabilities with the launch of IBM Storage Assurance, aiming to enhance data storage solutions for businesses. This development is expected to strengthen IBM's position in the data storage market by offering advanced features that cater to the evolving needs of enterprises.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:14 pm

WKSP

Worksport Ltd. (NASDAQ:WKSP, WKSPW) released a memo to shareholders highlighting its undervalued status and projecting significant growth in 2024. The company, specializing in hybrid and clean energy solutions for light trucks, emphasized its strong patent portfolio, state-of-the-art facility, and upcoming product launches, including the SOLIS solar cover and COR portable energy storage system. Worksport anticipates substantial revenue growth from these innovations and has seen positive B2C and B2B sales momentum. Additionally, its subsidiary, Terravis Energy, Inc., is developing a groundbreaking heat pump technology, with the company also pursuing several multi-million-dollar grants to support further growth.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:11 pm

AMZN

V

Visa (NYSE:V) has joined the AWS Partner Network to streamline digital payment services for its clients, including cloud-native fintechs and financial institutions. This collaboration will make select Visa services available in the AWS Marketplace, enhancing global payment processes and connectivity. Visa's integration into AWS aims to simplify transactions, reduce operational costs, and accelerate service deployment for its clients. Additionally, Visa is now part of AWS Activate, offering up to $100,000 in credits to eligible fintech startups to foster growth and innovation in digital payments.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:09 pm

GPRK

Geopark reported its 1Q 2024 average oil and gas production at 35,473 barrels of oil equivalent per day (Boe/Day), with its 2024 guidance remaining unchanged. The company anticipates a full-year average production of 35,500-39,000 Boe/Day and plans a fully-funded 2024 organic capital expenditures program of $150-200 million to drill 35-45 gross wells.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:09 pm

AMZN

GOOG

META

SNAP

ByteDance is reportedly considering options to sell TikTok without including its proprietary algorithm, according to The Information. This move could significantly impact the valuation and attractiveness of TikTok to potential buyers, as the algorithm is a key component of its success.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 12:07 pm

WPP

WPP reported a Q1 revenue of £3.4 billion, a decrease of 1.4% year-over-year but an increase of 2.1% on a like-for-like basis. Revenue less pass-through costs was £2.7 billion, down 5.0% YoY and 1.6% like-for-like. Additionally, WPP is collaborating with Georgia Power on a pilot program for EV owners in Georgia.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 11:59 am