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Clean energy is quite clearly on the verge of being a growing industry due to the policy thrust from governments all over the world amidst the threat of climate change. Hence, it is an industry that could experience rapid growth in the coming years and investors are naturally looking for options in that particular space. Here is a quick look at some of the companies from the clean energy sector which could be worth tracking.
SusGlobal Energy Corp (OTCQB: SNRG) – It is an agricultural, industrial, biotech, environmental and renewables firm. On May 17 SusGlobal Energy Corp announced its financial results for the first fiscal quarter ended on March 31, 2023. The revenues for the quarter came in at $164,687 which worked out to a year-on-year rise of 14% from the revenues of $144,470 in the prior-year quarter.
The revenue boost was brought about by the increased business from an existing client from SusGlobal Energy’s composting and waste processing facility as well as from the sale of carbon credits. The company suffered a net loss of $1,035,172 which worked out to a $0.01 loss per share.
Houston Natural Resources Corp (OTC:HNRC) – On June 13 the company announced that it had acquired an interest in CE Energy Sponsors LLC as part of its strategy to sponsor and invest in Special Purpose Acquisition Corporations.
CE Energy Sponsors LLC is the sponsor of CE Energy Acquisition Corp which had filed a registration statement for a special purpose acquisition corporation worth $100 million. CEAC is looking for targets for acquisition in the energy industry in South America, Central America, and North America. It may also look for opportunities in the renewable energy sector. CEAC is looking to list at some point this year.
RegenX Tech Corp (CSE:RGX) (OTCQB:RGXTF) – The company is involved in providing a fairly niche service. It is involved in providing mineral extraction services that are environmentally safe and offer these services to mining companies.
On June 23, it was in focus after it announced that its stock had been delisted from the TSX Venture Exchange and instead started trading on the Canadian Securities Exchange, with the ticker symbol RGX.
RecycLiCo Battery Materials Inc (TSX.V:AMY) (OTCQB:AMYZF) – On June 14 RecycLiCo Battery Materials Inc was in focus after the company’s Chief Executive Officer ZarkoMeseldzija announced that a 50-50 joint venture had been agreed with Taiwan based Zenith Chemical Corporation.
The deal is centered on the development of a lithium-ion recycling facility producing 2000 metric tons per year in Taiwan. his project represents a significant scale-up compared to their Vancouver demonstration plant.