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Arizona EV Manufacturer Lucid Announces Investment of $1 Billion

inBusiness PHX Lucid Group, Inc. announced that it has entered into an agreement with its majority stockholder, Ayar Third Investment Company (“Ayar”), an affiliate of the Public Investment Fund (“PIF”), to purchase $1.0 billion of newly created series of convertible preferred stock via...

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Arizona EV Manufacturer Lucid Announces Investment of $1 Billion

Technology Blog

Arizona part of battery and green energy climate solution

Mar 27, 2024

AZ Capital Times In the Arizona desert, a Danish company is building a massive solar farm that includes batteries that charge when the sun is shining and supply energy back to the electric grid when it’s not. Combining batteries with green energy is a fast-growing climate solution. “Solar f...

Phoenix claims top spot in list of nation’s ‘Best Cities for Solar Energy’

Mar 27, 2024

KTAR News PHOENIX — Arizona dominated a national ranking that details which U.S. cities lead the way in solar power potential. Nine cities in Arizona are listed among the top 20 of Roof Gnome’s ranking of “2024’s Best Cities for Solar Energy.” Roof Gnome is part of the Home Gnome fami...

E-commerce giant Amazon inks huge lease in West Valley

Mar 26, 2024

Phoenix Business Journal Amazon.com Inc. has signed another massive industrial lease in metro Phoenix, adding to its substantial portfolio in the Valley. Amazon (Nasdaq: AMZN) will fully lease a 1.2 million-square-foot building for 10 years at The Cubes at Glendale industrial park, according to...

Raytheon gets $1.2 billion deal from Germany for Patriot missile defense system

Mar 26, 2024

Phoenix Business Journal Under a new $1.2 billion contract awarded this week, Raytheon’s Arizona unit will provide the German military with a fresh supply of Patriot air and missile defense equipment. Raytheon, a division of Virginia-based RTX Corp. (NYSE: RTX), whose missile manufacturin...

Energy Department announces $366 million for rural clean energy projects

Mar 25, 2024

Tucson Sentinel The U.S. Department of Energy is investing $366 million to support clean energy development in rural and remote areas, officials announced Tuesday. The money will support 17 projects across 20 states and 30 Native American tribal nations. “President [Joe] Biden firmly believe...

30th Anniversary for PADT Marks Significant Milestone for the Arizona-Based Engineering Products and Services Company

Mar 25, 2024

PADT Inc. PADT, a globally recognized provider of numerical simulation, product development, and 3D printing products and services, announced its 30th year in business in March 2024. The company was started back in 1994 by four engineers who had a vision of taking advanced computer aided enginee...

City of Phoenix implements water conservation requirements for major water users

Mar 25, 2024

Phoenix Business Journal The city of Phoenix has approved new water regulations for major water users, but it’s expected to have minimal impact on existing projects. Phoenix City Council in March moved forward with new rules for facilities that will use more than 250,000 gallons per day w...

ASU Business School Launches New AI Degree Program

Mar 25, 2024

inBusiness PHX Following ASU’s groundbreaking announcement of the first university collaboration with OpenAI, the W. P. Carey School of Business is officially launching a new degree program — the Master of Science in Artificial Intelligence in Business (MS-AIB). Backed by faculty from the...

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