Concessional Climate Finance Essential to Catalyzing Offshore Wind Development in Emerging Markets
Concessional climate financing could be the key to unlocking the immense decarbonization potential and socioeconomic benefits of offshore wind in emerging markets. WASHINGTON - A new report published today by the World Bank’s Energy Sector Management Assistance Program (ESMAP) and the International Finance Corporation (IFC) finds that concessional climate financing is essential to unlock offshore wind in emerging markets and estimates that $15 billion in concessional climate financing, c...
CPV Closes on $370 Million Renewables Revolving Credit Facilities
Funding Supports Ongoing Construction of Three Major Solar Facilities For more information: please visit www.opc-energy.com/en. Competitive Power Ventures (“CPV”) has announced the successful closing of revolving credit facilities in support of the company’s extensive renewable development pipeline. The $370 million credit facilities will initially support ongoing construction and early operations of three of CPV’s major utility-scale solar projects, CPV Maple Hill Solar, CPV Backbone...
AISC Education Foundation Awards $211,000 in Scholarships
CHICAGO - The AISC Education Foundation is helping 48 students pursue their dreams of attending colleges and universities across the country for the 2023-2024 academic year, awarding more than $211,000 in scholarships. These scholarships support juniors, seniors, and master’s-level students in civil engineering, architectural engineering, construction engineering, construction management, and architecture programs in the U.S. You can learn more about the AISC Education Foundation and how to h...
Biden-Harris Administration Announces $8.8 Million in Grants to Accelerate Innovation in Highway Projects as Part of President Biden’s Investing in America Agenda
WASHINGTON – The U.S. Department of Transportation’s (USDOT) Federal Highway Administration (FHWA) today announced $8.8 million in grants for 10 projects in eight States and the District of Columbia to encourage the use of tools that can improve safety on bridges and in work zones. The grants, which can also be used for other innovative transportation technologies such as ultra-high-performance concrete to digital mapping programs, are provided by FHWA’s Accelerated Innovation Deployment (AID) D...
U.S. Department of Transportation Providing Hawaii $3 Million in ‘Quick Release’ Emergency Relief Funding for Traffic Management and Repairs to Infrastructure Damaged by Wildfires in Lahaina
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the immediate availability of $3 million in “quick release” (QR) Emergency Relief (ER) funds, the current total QR requested by the Hawaii Department of Transportation (HDOT), to offset costs associated with traffic management services and repairs to infrastructure needed as a result of damage caused by wildfires in Lahaina on the island of Maui earlier this month. “The nation watched w...
DFI Educational Trust Awards Scholarship Funds to32 Students Pursuing Careers in Deep Foundations
Hawthorne, N.J.: The DFI Educational Trust awarded $102,000 in scholarships this spring to 32 exceptional students preparing for a career in the civil engineering and construction management fields. More scholarships will be awarded in the fall, thanks to the generosity of many donors and fundraising event participants and sponsors. “Since inception, the Trust has awarded almost $2 million in scholarships and grants to more than 500 recipients at nearly 85 educational institutions,” says Rud...
U.S. Department of Transportation Sends $10 Million in ‘Quick Release’ Emergency Relief Funding to Vermont to Repair Statewide Flood Damage
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the immediate availability of $10 million in “quick release” Emergency Relief (ER) funds for use as a down payment by the Vermont Agency of Transportation (VTrans). The funding is designed to help offset costs to repair infrastructure damaged by last month’s flooding throughout the state. "I saw firsthand the devastating effects of extreme flooding on people and businesses in Vermont, an...
Stantec reports strong second quarter 2023 results, achieves record backlog and increases guidance for the full year
Q2 2023 Highlights Net revenue of $1.3 billion, an increase of 14.5% over Q2 2022 Adjusted EBITDA margin1 of 17.5% (excluding LTIP revaluation) Adjusted diluted EPS1 of $0.99, up 19.3% over Q2 2022 Backlog of $6.6 billion, up 11.4% since December 31, 2022 Increased full year guidance for 2023 net revenue and adjusted diluted EPS EDMONTON, Alberta and NEW YORK - Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, today reported its results...
California-based Birdstop Raises Funding to Expand Network of BVLOS Drones across America and Protect Critical Infrastructure
Top FAA Approvals to Fly Drones BVLOS without Visual Observers Using Low Altitude Airspace Intelligence System New R&D Facility Set to Open in Alabama San Francisco Bay Area, CA. Aug 8, 2023. – Remote sensing company Birdstop, Inc. raised $2.3M in funding to expand its constellation of BVLOS (Beyond Visual Line of Sight) drones across the nation’s critical infrastructure, grow its AI capabilities, and deliver more data-driven value to customers. The round was led by Lerer Hippeau and...
Samsung Ventures and Lam Capital invest in Membrion sustainable solutions for industrial and semiconductor wastewater
Membrion Series B round closes at $12.5M Seattle, August 8, 2023 – Electro-desalination membrane manufacturer, Membrion today announced the completion of their Series B funding round, raising a round total of 12.5 million dollars. The second close of 5.5 million dollars is anchored by Samsung Venture Investment Corporation and Lam Capital. They are joined by Indico Capital Partners, Harvard Business School New York Alumni Angel Group, New York Angels, and GiantLeap Capital. Previously...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
Promenade at The Point
June Issue 2026
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