Energy Transition Update - Elcogen and Casale Unite for Green Ammonia Innovation

Elcogen and Casale SA have entered into a Memorandum of Understanding to collaborate on green ammonia and Power-to-X projects, marking an important step in the energy transition towards sustainable solutions. This partnership aims to integrate Elcogen's solid oxide electrolysis technology with Casale's ammonia production expertise, potentially reducing CO2 emissions by using renewable energy sources for hydrogen production rather than fossil fuels. By advancing the efficient production of green hydrogen for industrial applications, this collaboration supports global sustainability goals and demonstrates the potential of innovative technologies in decarbonizing traditional ammonia production processes.

In other trading, Rockwell Automation (NYSE:ROK) was a standout up 11.9% and ending the day at $283.17. On 7 May, Rockwell updated its fiscal 2025 earnings guidance, reflecting a revised diluted EPS range of $8.23 to $9.23. At the same time, Fortune Brands Innovations (NYSE:FBIN) trailed, down 8.8% to end the day at $48.16, not far from its 52-week low. On Tuesday, the company reported a decline in Q1 earnings and announced the completion of a significant stock buyback.

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• First Solar (NasdaqGS:FSLR) settled at $129.78 up 2.4%.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Elcogen and Casale SA collaborate to drive innovation in green ammonia and sustainable energy" from Elcogen on GlobeNewswire (published 07 May 2025)

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