Tag: Energy

KBR Inks License Deal With JS Energy for PDH Technology

KBR, Inc. KBR announced that it has entered into an agreement with JS Energy Limited. Per the agreement, KBR’s K-PRO™ Propane Dehydrogenation (“PDH”) technology will help JS Energy to convert propane into propylene for a PDH project in Pakistan, which is anticipated to be commissioned in 2024. However, financial terms of the agreement have been kept under wraps.

In 2019, KBR introduced K-PRO that offers propylene selectivity and conversion. K-PRO is a revolutionary step for the PDH industry that furnishes innovative designs at a very low cost of capital. Also, K-PRO’s proprietary catalyst doesn’t require high-cost metals and pollutants, consequently

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Why CBAK Energy Technology Stock Fell 19.6% in February

What happened

Shares of CBAK Energy Technology (NASDAQ:CBAT) slumped 19.6% in February, according to data from S&P Global Market Intelligence. The battery technology specialist’s stock saw steep declines at the end of the month as investor confidence in growth-dependent tech stocks wavered. 

CBAT Chart

CBAT data by YCharts.

The Chinese battery technology company’s stock has surged over the past year amid signs that it might have big growth opportunities in the electric vehicle (EV) market, but it remains vulnerable to volatility. With EV stocks suffering substantial sell-offs at the end of last month, it’s not surprising that CBAK shares saw a steep

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Why CBAK Energy Technology Stock Skyrocketed 45.5% in January

What happened

Shares of CBAK Energy Technology (NASDAQ:CBAT) rose 45.5% in January, according to data from S&P Global Market Intelligence. The battery company’s stock soared early in the month following a report that electric vehicle (EV) specialist NIO was gearing up to launch new models using lithium iron phosphate batteries.

CBAT Chart

CBAT data by YCharts

Chinese EV industry news website cnEVpost published a report on Jan. 6 indicating that NIO was planning to introduce new, budget-focused vehicle lines that would use lower-cost lithium iron phosphate batteries. NIO is reportedly turning to CATL (China’s largest auto lithium-ion battery company) to supply the

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Energy Industry Adoption Of AI

The energy sector is a highly technology-driven industry. With needs to handle natural resource data among large pieces of equipment in harsh conditions, the oil and gas industry has long used data methods and various technologies to make processes more efficient. More recently companies in the energy industry have begun to ramp up their adoption of various AI technologies to help in a variety of ways including ways to make our energy consumption more efficient. With the advent of widespread access to big data technologies, low-cost compute resources, and the increasing availability of technology that implement  the seven patterns of

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Why CBAK Energy Technology Stock Continued Its Rebound on Friday

What happened

Shares of Chinese lithium rechargeable battery maker CBAK Energy Technology (NASDAQ:CBAT) were on the rise again Friday, up by as much as 17.7% in early trading, and holding onto an 8.2% gain as of 12:08 p.m. EST. It was the stock’s second consecutive day of big gains after two straight days of even bigger losses.

So what

There doesn’t appear to be any “news” driving shares higher Friday — no analyst upgrades, no excited press releases from management. Rather, it appears traders are taking advantage of CBAK Energy’s now-lower share price to buy in.

And if you think

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