Green Stock News for December 3, 2024: $PL $JOBY $HIVE $EOSE

Green Stock News

Welcome to the green stock news brief for Tuesday, December 3rd. Here are today’s top headlines:

Planet Labs (NYSE: PL) has signed a multi-year, seven-figure deal with Laconic to provide high-resolution Forest Carbon Monitoring data for carbon market insights. Laconic will use Planet’s satellite-derived data to power AI-driven verification and real-time tracking, enhancing carbon securities trading and supporting global carbon market confidence.

Joby Aviation (NYSE: JOBY) has received FAA approval for its flight academy under Part 141 and acceptance of its Safety Management System (SMS) under Part 5. These certifications allow Joby to streamline pilot training and build a qualified pilot pipeline ahead of its commercial air taxi service launch.

HIVE Digital Technologies (NASDAQ: HIVE) is acquiring 8.6 EH/s of Bitmain S21+ Hydros, boosting its Bitcoin mining capacity to 15 EH/s by summer 2025. Powered by green energy in Paraguay, these highly efficient miners will enhance HIVE’s global hashrate and mining efficiency at a competitive cost.

Eos Energy (NASDAQ: EOSE) has closed a $303.5 million loan from the Department of Energy, marking the first Title 17 battery loan closed under the current administration. Funds will be used to advance the company's American Made Zinc Energy (AMAZE) Project and is expected to fund expansion of manufacturing capacity to 8 GWh by 2027 to meet the growing demand for longer duration battery energy storage systems.