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Elcogen and Casale SA have entered into a Memorandum of Understanding to collaborate on green ammonia and Power-to-X projects, marking an important step in the energy transition towards sustainable solutions. This partnership aims to integrate Elcogen's solid oxide electrolysis technology with Casale's ammonia production expertise, potentially reducing CO2 emissions by using renewable energy sources for hydrogen production rather than fossil fuels. By advancing the efficient production of green hydrogen for industrial applications, this collaboration supports global sustainability goals and demonstrates the potential of innovative technologies in decarbonizing traditional ammonia production processes.
In other trading, Rockwell Automation was trading firmly up 11.9% and ending trading at $283.17. Two days ago, the company updated its 2025 earnings guidance, slightly improving the forecasted growth ranges for reported sales and EPS. At the same time, Fortune Brands Innovations lagged, down 8.8% to finish the session at $48.16, not far from its 52-week low. This week, the company reported a decline in Q1 earnings and completed a $150 million share buyback.
Best Energy Transition Stocks
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First Solar finished trading at $129.78 up 2.4%.
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Applied Materials ended the day at $155.81 up 1.8%.
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Tesla finished trading at $276.22 up 0.3%.
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Click here to unveil our expertly curated list of 148 Energy Transition Stocks including PTT Exploration and Production, Dongfang Electric and YASKAWA Electric.
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