DFI Educational Trust Awards Scholarship Funds to32 Students Pursuing Careers in Deep Foundations
Hawthorne, N.J.: The DFI Educational Trust awarded $102,000 in scholarships this spring to 32 exceptional students preparing for a career in the civil engineering and construction management fields. More scholarships will be awarded in the fall, thanks to the generosity of many donors and fundraising event participants and sponsors. “Since inception, the Trust has awarded almost $2 million in scholarships and grants to more than 500 recipients at nearly 85 educational institutions,” says Rud...
U.S. Department of Transportation Sends $10 Million in ‘Quick Release’ Emergency Relief Funding to Vermont to Repair Statewide Flood Damage
WASHINGTON – The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced the immediate availability of $10 million in “quick release” Emergency Relief (ER) funds for use as a down payment by the Vermont Agency of Transportation (VTrans). The funding is designed to help offset costs to repair infrastructure damaged by last month’s flooding throughout the state. "I saw firsthand the devastating effects of extreme flooding on people and businesses in Vermont, an...
Stantec reports strong second quarter 2023 results, achieves record backlog and increases guidance for the full year
Q2 2023 Highlights Net revenue of $1.3 billion, an increase of 14.5% over Q2 2022 Adjusted EBITDA margin1 of 17.5% (excluding LTIP revaluation) Adjusted diluted EPS1 of $0.99, up 19.3% over Q2 2022 Backlog of $6.6 billion, up 11.4% since December 31, 2022 Increased full year guidance for 2023 net revenue and adjusted diluted EPS EDMONTON, Alberta and NEW YORK - Stantec (TSX, NYSE:STN), a global leader in sustainable design and engineering, today reported its results for the t...
California-based Birdstop Raises Funding to Expand Network of BVLOS Drones across America and Protect Critical Infrastructure
Top FAA Approvals to Fly Drones BVLOS without Visual Observers Using Low Altitude Airspace Intelligence System New R&D Facility Set to Open in Alabama San Francisco Bay Area, CA. Aug 8, 2023. – Remote sensing company Birdstop, Inc. raised $2.3M in funding to expand its constellation of BVLOS (Beyond Visual Line of Sight) drones across the nation’s critical infrastructure, grow its AI capabilities, and deliver more data-driven value to customers. The round was led by Lerer Hippeau and...
Samsung Ventures and Lam Capital invest in Membrion sustainable solutions for industrial and semiconductor wastewater
Membrion Series B round closes at $12.5M Seattle, August 8, 2023 – Electro-desalination membrane manufacturer, Membrion today announced the completion of their Series B funding round, raising a round total of 12.5 million dollars. The second close of 5.5 million dollars is anchored by Samsung Venture Investment Corporation and Lam Capital. They are joined by Indico Capital Partners, Harvard Business School New York Alumni Angel Group, New York Angels, and GiantLeap Capital. Previously...
Synthica Energy Announces Equity Investment from the Infrastructure Business within Goldman Sachs Asset Management
Partnership and capital infusion will enable company to scale operations to produce RNG from pre-consumer food and beverage waste and other organic manufacturing byproducts AUGUST 7 – CINCINNATI – Synthica Energy, LLC, an energy transition platform aimed to design, build, own, and operate large-scale, contracted anaerobic digestion facilities to convert pre-consumer organic waste into renewable natural gas (RNG), announced today that it has closed on a large equity investment from the I...
Xylem Reports Second Quarter 2023 Results
Second-quarter revenue grew 26%, including May 24 acquisition of Evoqua; up 15% organically Second-quarter earnings per share of $0.45, down 27%; adjusted earnings per share of $0.98, up 32% Raising full-year revenue guidance to approximately $7.2B, up 30%, with organic revenue growth of 9% to 10%, up from 8% to 9% Lifting full-year adjusted EPS guidance to $3.50 to $3.70, from $3.15 to $3.35 on strong momentum from both companies WASHINGTON--(BUSINESS WIRE)-- Xylem Inc. (NYSE: XYL...
Biden-Harris Administration Announces Nearly $21 Million in Grants to Improve Road Safety on Tribal Lands
Funded by the Bipartisan Infrastructure Law, projects will make roads safer for drivers, cyclists and pedestrians WASHINGTON – Today, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced $20.9 million in grant awards for 88 Tribal projects that will reduce roadway fatalities and serious injuries on Tribal lands. The grants, from the Tribal Transportation Program Safety Fund for proven countermeasures such as pavement markings, rumble strips and better...
California Energy Project Unveils Two Set-Aside Funding Programs for Transit and Drayage Fleet Infrastructure
Over $33 million in incentives will be available from EnergIIZE for approximately four weeks beginning on July 27, 2023 Pasadena, CA: The California Energy Commission’s (CEC’s) Energy Infrastructure Incentives for Zero-Emission Commercial Vehicles (EnergIIZE) Project is excited to announce the opening of two set-aside funding lanes for transit agencies and drayage fleets. Administered by CALSTART and partner Tetra Tech, the EnergIIZE Project will offer $11.4 million total infrastructure incen...
Biden-Harris Administration Announces $130 Million for Seven Transportation Projects on Federal and Tribal Lands as Part of President Biden’s Investing in America Agenda
Applications also open for next round of funding to improve access to Federal and Tribal lands GRAND CANYON NATIONAL PARK, Ariz.– The U.S. Department of Transportation’s Federal Highway Administration (FHWA) today announced $130.5 million in federal grants for seven projects under FHWA’s Nationally Significant Federal Lands and Tribal Transportation Projects Program. The grants, announced at an event at the Grand Canyon National Park, recognize transportation projects of national signif...