LanzaTech Receives $3 Million From Energy Department to Advance Carbon Conversion Technology-March 2024-www.financetom.com

LanzaTech Receives $3 Million From Energy Department to Advance Carbon Conversion Technology

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

LanzaTech Receives $3 Million From Energy Department to Advance Carbon Conversion Technology

Oct 17, 2024 1:39 PM

10:54 AM EDT, 10/16/2024 (MT Newswires) -- LanzaTech Global ( LNZA ) said Wednesday that it was awarded $3 million from the US Department of Energy's Office of Fossil Energy and Carbon Management to advance the conversion of waste carbon dioxide into chemicals.

The award is part of a larger $29 million investment program by the Department of Energy's office to advance carbon management priorities, according to the company.

The project will be funded on a cost-sharing basis with LanzaTech putting in about $800,000 of the $3.8 million total, the company said, adding that most of the revenue related to the project is forecast to be received and contribute to results in 2025 and 2026.

Shares of the company were up over 18% in recent trading.

Price: 1.99, Change: +0.31, Percent Change: +18.16

Previous page： Visa Fiscal Q4 Non-GAAP Earnings, Net Revenue Increase -- Share Up After Hours Next page： Snap beats revenue and user growth estimates, announces $500 million buyback

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Visa Fiscal Q4 Non-GAAP Earnings, Net Revenue Increase -- Share Up After Hours

Nov 3, 2024

04:14 PM EDT, 10/29/2024 (MT Newswires) -- Visa (V) reported fiscal Q4 non-GAAP earnings late Tuesday of $2.71 per diluted share, up from $2.33 a year earlier. Analysts polled by Capital IQ expected $2.58. Net revenue for the quarter ended Sept. 30 was $9.62 billion, up from $8.61 billion a year earlier. Analysts surveyed by Capital IQ expected $9.49 billion....

Snap beats revenue and user growth estimates, announces $500 million buyback

Nov 3, 2024

(Reuters) -Snap beat Wall Street expectations for both quarterly revenue and user growth on Tuesday, as the parent company of messaging app Snapchat has been able to lure back some advertisers with better-performing ad features. It also announced a share repurchase program of up to $500 million. Shares of Snap initially fell 8% in after-market trading before rising 10% to...

Reddit shares jump 22% as AI deals boost quarterly revenue forecast

Nov 3, 2024

(Reuters) -Reddit ( RDDT ) forecast fourth-quarter revenue above Wall Street estimates on Tuesday, helped by its AI content licensing deals and strong digital advertising spending. Shares of the San Francisco-based company, popular for its user-led communities known as subreddits, rose 22% in extended trading. Reddit's ( RDDT ) quarterly results, third after going public in March, stoke confidence that...

Sanofi Partners with SandboxAQ on AI-Driven Drug Discovery

Nov 3, 2024

03:37 PM EDT, 10/29/2024 (MT Newswires) -- Sanofi ( SNY ) selected SandboxAQ to identify biomarkers during clinical development, SandboxAQ said Tuesday. The partnership will use SandboxAQ's quantitative artificial intelligence models to causally filter knowledge graphs and extract new clinical hypotheses, the company added. Financial terms of the collaboration were not disclosed. Price: 53.85, Change: -0.51, Percent Change: -0.94 ...