Member News

Regional clean hydrogen hub develops in the Desert Southwest

December 7, 2022

Energy leaders focused on developing low-carbon economies in Arizona, the Navajo Nation and Nevada have joined forces to develop a regional clean hydrogen hub in the Southwest. The Center for an Arizona Carbon-Neutral Economy (AzCaNE), housed within the Julie Ann Wrigley Global Futures Laboratory and first introduced in May, is collaborating with partners in the aforementioned areas to launch the Southwest Clean Hydrogen Innovation Network, or “SHINe.”

Nikola’s federal loan application for Valley hydrogen hub advances

December 7, 2022

Nikola Corp.’s application for potentially $1.3 billion in federal loan money to build a planned hydrogen production plant in the Valley is a step closer to being approved. The Phoenix-based zero-emissions vehicle maker said it submitted an application in May for a loan guarantee under the Innovative Clean Energy projects program with the U.S. Department of Energy Loan Program Office, and now the application has moved to the second part of the process.

ASU and Mexico partner to boost semiconductor production in North America

December 6, 2022

Arizona State University will be working with higher education institutions in Mexico, along with microelectronics industry partners, to boost the production of semiconductors in North America and address a crucial national security issue. Recently, ASU President Michael Crow signed a memorandum of understanding with Esteban Moctezuma Barragán, the Mexican ambassador to the U.S., to seal the partnership.

KORE Power poised to break ground on Valley battery manufacturing plant by end of 2022

December 6, 2022

Idaho-based KORE Power announced today that it has secured funding needed to start construction on its planned 2 million-square-foot battery manufacturing plant by the end of this year. The company said on Wednesday that it has closed an initial $75 million tranche in financing that’s anticipated to eventually total $150 million.

Capital raise of $75M is milestone for construction of KOREPlex, the lithium-ion battery gigafactory scheduled to break ground in Arizona Q4 2022

December 5, 2022

KORE Power, Inc. has closed the initial $75 million tranche of a private placement (the “Financing”) anticipated to total $150 million. Siemens Financial Services was the lead investor and was joined by Quanta Services with additional strategic partners including Nidec Motor Corporation, Honeywell Ventures, Trog Hawley Capital and a leading utility scale energy storage provider. Goldman Sachs & Co. LLC acted as KORE’s Exclusive Placement Agent.

Biden to visit TSMC plant under construction in north Phoenix

December 5, 2022

President Joe Biden will visit Phoenix on Dec. 6 to attend a ceremony at the under-construction Taiwan Semiconductor Manufacturing Inc. facility. The tool-in ceremony marks the arrival of the first batch of production equipment at the fab. The White House announced Wednesday morning that Biden would be in attendance and “discuss how his economic plan is leading to a manufacturing boom, rebuilding supply chains, and creating good-paying jobs in Arizona and across the country.”

Arizona Tech Investors announces new CEO

December 2, 2022

Arizona Tech Investors (ATI), an Arizona-based angel investing group focused on early-stage and startup companies developing solutions in the SaaS, technology and life sciences sectors, has selected Bob DeLean as its new Chairman, CEO & Managing Director. In his new role, DeLean will oversee the group’s investments and memberships, following the current Chairman & Managing Director James Goulka’s retirement at the end of this year. ATI leads the Arizona angel investing community with over 115 investments in the startup ecosystem.

5 best nonprofits in Arizona, according to BestCompanies AZ

December 2, 2022

For some, volunteering is more than just a way to give back for an afternoon. Those who find fulfillment in helping others, improving the community, and working toward a greater cause may find that partnering with a top local nonprofit is a better way to serve.

Digital Air Strike launches thought leadership training to give competitive edge to business clients

December 1, 2022

Digital Air Strike, the leading consumer engagement and customer experience technology company, is providing several unique, once-in-a-lifetime experiences for business leaders and entrepreneurs to receive a competitive edge to handle whatever comes their way in 2023.

5 sales management questions

November 30, 2022

Small and medium-sized businesses are often unsure how to diagnose their sales results whether performance is poor or they need to scale. Sales leaders in these companies might see a few pain points, yet are unable to understand how some issues are connected. Asking the following questions will help put the pieces together and provide a fuller picture with which to make these key decisions.

Member News

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