This week we begin a short series of reports on selected listed companies operating in the clean and green space, produced as a contribution by research and analyst company Kalkine. The series has been devised in recognition that in the absence of government mandates one of the fastest and most efficient ways to transition to a clean economy is through investments that promote a clean and healthy economy. However, as with any investment there needs to be a solid business case and a critical eye to underwrite success. The Fifth Estate makes no comment on this.
Greenearth Energy Ltd
Company Overview
Greenearth Energy Ltd (GER) is a diversified Australian based renewable energy company that is engaged in investment of energy efficiency technologies and other renewable energy research and development projects. One key focus market entails carbon dioxide-to-fuel conversion market. The company has interests in industrial energy efficiency, technology investment and associated investments. Other areas of operation include conventional geothermal resources.
Appointed as an Accredited Partner of independent energy expert Verdia
Greenearth Energy has confirmed that its Vivid Industrial and Ilum-a-Lite intelligent lighting business has been appointed as an accredited partner of independent energy expert, Verdia. Verdia manages Westpac’s energy efficient financing program that is supported by $200 million from the Clean Energy Finance Corporation. Vivid Industrial has also won the Frost & Sullivan Australia 2016 Growth Excellence in Smart Lighting Solutions Award.
Targeting Chinese Market
Greenearth Energy lately announced that NewCO2Fuels Ltd (NCF, formed with the support of GER that has about 33.33 per cent economic stake in NCF) has entered into terms with Sinopec Engineering (Group) Co Ltd (SEG) to commercialise NCF’s CO2-to-fuel technology for the Chinese market. In November 2016, the company reported that NCF has signed a term sheet with Blooming (Beijing) Technology Co. Ltd (BBT) to lead sales and marketing efforts of NCF award winning CO2-to-fuel technology in China. In a way, BBT will act as NCF’s agent in China to support NCF and SEG in their Cooperation Agreement for commercialisation efforts in China along with also introducing investors to NCF.
Stock related Information
Greenearth Energy recently reported that the number of unlisted options currently on issue is 47, 550,000 (as on 7 November 2016). We also note that the company stock fell over 23.1 per cent in the last three months (as of 1 December 2016) due to weakening sentiment given the rising expenses. The company reported for solid total revenue growth for Fiscal Year 2016, with sales up 251 per cent on the previous year. The company held its annual general meeting on 29 November 2016.
Eden Innovations Ltd (Eden Energy Ltd)
Company Overview
Eden Energy Ltd (EDE), a clean energy company, has recently changed the name to Eden Innovations Ltd as passed in its latest annual general meeting. Eden’s key operational areas include carbon nanotube and carbon fibre production, nanomaterial concrete admixtures and fuel systems. The company produces and sells a concrete admixture, EdenCrete, and retrofit dual fuel technology, OptiBlend, developed for diesel generator sets. The company’s subsidiary, EdenCrete Industries, Inc. has appointed Dag Grantham as senior vice president business development.
Expansion of Production Capability
The expansion of Eden Innovations’ Colorado based production capability of EdenCrete to a targeted maximum of 2 million – 2.4 million gallons per year is on schedule and is set to be operational later in first quarter of 2017. Georgia Department of Transportation (GDOT) has proposed to use EdenCrete in several state funded forthcoming highway slab replacement projects in Georgia. Further, the completion of the US presidential election with approval of two referenda held in Georgia for raising small taxes to fund road, bus and rail infrastructure seem to boost the future marketing of EdenCrete. The company has also completed the purchase of Denver premises for US$1.2 million payable over five years.
Capital Raising Efforts: Eden Innovations has placed A$15 million additional capital through Bell Potter. Further, the company expects the cash outflows for the December quarter to be $A 2100,000.
Stock related Information
Eden Innovations had issued 33,333,333 fully paid ordinary shares to investors lately. The company’s US commercial trials have now started and more than 20 trials are underway or scheduled across USA during 2016 for many possible applications and trials. Earlier, US and Australian Concrete trials 2015-2016 had depicted 32 per cent increase in flexural strength for EdenCrete™. But any negative results of the ongoing trials could hurt the stock sentiment. EDE stock otherwise surged 360 per cent this year to date (as of December 01, 2016).
Disclaimer:
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services Licence Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in: BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.