Washington, D.C. – The Trump administration has voluntarily dismissed its own appeal in a lawsuit challenging Donald Trump’s executive order banning wind project development in the United States. This effectively ends the unlawful, sweeping ban on wind power.   Attorneys General from 17 states and Washington, D.C. challenged this executive order last year. Public interest groups …

The post Donald Trump Retreats from Lawsuit Challenging Illegal Wind Ban appeared first on Alternative Energy HQ.

With the rise of power-hungry applications like AI and data centers, it’s critical that the performance of renewable energy sources keeps pace. Researchers in the University of Saskatchewan’s (USask) Department of Chemistry are exploring ways to improve the efficiency of a promising new type of solar cell made from perovskite crystals. Perovskites are a group …

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VANCOUVER, Canada,  – GreenPower Motor Company Inc. (Nasdaq: GP) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that the Company has received formal notice from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(b)(1), the “Equity Rule,” and otherwise satisfies all applicable criteria for continued listing on The Nasdaq Capital Market.

“Over the past few months GreenPower has completed a series of transactions including raising new capital with an equity offering of Series A Convertible Preferred Shares for up to $18 million, term loans of $5 million and a new banking relationship with CIBC including a line of credit and term loan. In addition, the Company exchanged $7 million of related party loans for convertible debentures and $3 million of related party loans for Series B Convertible Preferred Shares,” said Fraser Atkinson, CEO of GreenPower. “These transactions have helped the Company regain full compliance with the Nasdaq listing criteria as well as with the execution of our strategic goals.”

Notwithstanding the Nasdaq compliance determination, the Company will remain subject to a Panel monitor for one year. If, within that one-year monitoring period, Staff finds the Company again out of compliance with the Equity Rule that was the subject of the hearing, the Company will be subject to a delisting determination and will not have the opportunity to present a compliance plan for the Staff’s consideration. However, the Company will be afforded the opportunity to request a hearing before the Hearings Panel, and the hearing request will automatically stay any suspension or delisting action pending the conclusion of the hearings process and the expiration of any additional extension period granted by the Panel following the hearing.

The Company’s common stock will continue to trade on Nasdaq under the ticker symbol “GP.”

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com

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VANCOUVER, Canada  – GreenPower Motor Company Inc. (Nasdaq: GP) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today reported revenue of $8.5 million and net income of $4.2 million as a part of its financial results for the period ended December 31, 2025.

“Despite significant headwinds in the EV sector in general, GreenPower has made substantial strides with its transition from building EVs on spec., to a production strategy driven by building EVs to customer orders.” said Fraser Atkinson, GreenPower Chairman and CEO. “This transition has required recapitalization of the Company, retooling our manufacturing, managing inventory, and obtaining sources of production funding.”

“GreenPower is very excited about the excellent progress in the deployment of all-electric, purpose-built school buses during the last quarter in New Mexico; Continuing to perform on the state sponsored, two-year, zero emissions school bus pilot project.” said Brendan Riley, President of GreenPower. “This project uses the compelling West Virginia pilot project as its model but is focussed on the specific needs of New Mexico school districts where there will be challenges on deploying in both city and rural settings, challenges with charging infrastructure and operating the school buses in extreme cold weather at high elevations.”

Third Quarter 2026 Highlights
Generated revenues of $8.5 million in the third quarter of the 2026 fiscal year compared to $7.2 million for the third quarter in the previous year. Revenue was generated from the sale of vehicles, parts, leases and deferred income. Gross profit on the sale of vehicles was approximately 28%.

Total sales, general and administrative costs of $2.4 million in the third quarter compared to $5.2 million for the third quarter in the previous year representing a significant reduction in the Company’s recurring expenses. Excluding non-cash items, the sales, general and administrative costs in the current quarter were less than $2 million.

Working capital of more than $5 million and increased cash from the beginning of the fiscal year.

During the quarter the Company undertook the management of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Program. The contract with the state of New Mexico provides funding of more than $5 million for the deployment of GreenPower’s all-electric Type A Nano BEAST, Type A Nano BEAST Access, Type D BEAST and Type D Mega BEAST school buses, charging infrastructure and management of a pilot project in the state.

During the quarter the Company raised gross proceeds of $1,120,050 from the issuance of Series A convertible preferred shares (the “Series A shares”) with a stated value of $1,179,000. The initial tranche was comprised of 754 Series A shares issued pursuant to an effective shelf registration statement and 425 Series A Shares issued in a concurrent private placement. The Company and investor agreed that a follow-on tranche of 926 Series A Shares with a stated value of $926,000 and purchase price of $879,700 will be issued at a later date. The institutional investor has the right to acquire and the Company has the right to issue additional Series A Shares in tranches of up to $2 million, subject to certain terms and conditions, to a total of up to US$16 million

Subsequent to the end of the quarter GreenPower completed several transactions to recapitalize the Company. The Company closed on two term loans for a total of $5 million, closed on the new banking relationship with CIBC including a line of credit and Term Loan, paid out the existing bank line of credit, exchanged $7 million of related party loans for convertible debentures and exchanged $3 million of related party loans for Series B Convertible Preferred Shares.

For additional information on the results of operations for the period ended December 31, 2025 with the financial statements and related reports posted on GreenPower’s website as well as on SEDAR Plus or on EDGAR.

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com

The post GreenPower Reports Revenue of $8.5 million and Net Income of $4.2 million for Third Quarter appeared first on School Transportation News.

VANCOUVER — GreenPower Motor Company Inc. (Nasdaq: GP) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today reported revenue of $8.5 million and net income of $4.2 million as a part of its financial results for the period ended December 31, 2025.

“Despite significant headwinds in the EV sector in general, GreenPower has made substantial strides with its transition from building EVs on spec., to a production strategy driven by building EVs to customer orders.” said Fraser Atkinson, GreenPower chairman and CEO. “This transition has required recapitalization of the Company, retooling our manufacturing, managing inventory, and obtaining sources of production funding.”

“GreenPower is very excited about the excellent progress in the deployment of all-electric, purpose-built school buses during the last quarter in New Mexico; Continuing to perform on the state sponsored, two-year, zero emissions school bus pilot project.” said Brendan Riley, President of GreenPower. “This project uses the compelling West Virginia pilot project as its model but is focussed on the specific needs of New Mexico school districts where there will be challenges on deploying in both city and rural settings, challenges with charging infrastructure and operating the school buses in extreme cold weather at high elevations.”

Third Quarter 2026 Highlights

• Generated revenues of $8.5 million in the third quarter of the 2026 fiscal year compared to $7.2 million for the third quarter in the previous year. Revenue was generated from the sale of vehicles, parts, leases and deferred income. Gross profit on the sale of vehicles was approximately 28%.
• Total sales, general and administrative costs of $2.4 million in the third quarter compared to $5.2 million for the third quarter in the previous year representing a significant reduction in the Company’s recurring expenses. Excluding non-cash items, the sales, general and administrative costs in the current quarter were less than $2 million.
• Working capital of more than $5 million and increased cash from the beginning of the fiscal year.
• During the quarter, the company undertook the management of the New Mexico All-Electric, Purpose-Built, Zero-Emission School Bus Pilot Program. The contract with the state of New Mexico provides funding of more than $5 million for the deployment of GreenPower’s all-electric Type A Nano BEAST, Type A Nano BEAST Access, Type D BEAST and Type D Mega BEAST school buses, charging infrastructure and management of a pilot project in the state.
• During the quarter, the company raised gross proceeds of $1,120,050 from the issuance of Series A convertible preferred shares (the “Series A shares”) with a stated value of $1,179,000. The initial tranche was comprised of 754 Series A shares issued pursuant to an effective shelf registration statement and 425 Series A Shares issued in a concurrent private placement. The Company and investor agreed that a follow-on tranche of 926 Series A Shares with a stated value of $926,000 and purchase price of $879,700 will be issued at a later date. The institutional investor has the right to acquire and the Company has the right to issue additional Series A Shares in tranches of up to $2 million, subject to certain terms and conditions, to a total of up to US$16 million.

Subsequent to the end of the quarter, GreenPower completed several transactions to recapitalize the Company. The Company closed on two term loans for a total of $5 million, closed on the new banking relationship with CIBC including a line of credit and Term Loan, paid out the existing bank line of credit, exchanged $7 million of related party loans for convertible debentures and exchanged $3 million of related party loans for Series B Convertible Preferred Shares.

For additional information on the results of operations for the period ended Dec. 31, 2025 with the financial statements and related reports posted on GreenPower’s website as well as on SEDAR Plus or on EDGAR.

About GreenPower Motor Company Inc.

GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com

Forward-Looking Statements

This document contains forward-looking statements relating to, among other things, GreenPower’s business and operations and the environment in which it operates, which are based on GreenPower’s operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “upon”, “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. A number of important factors including those set forth in other public filings (filed under the Company’s profile on www.sedar.com) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

All amounts in U.S. dollars. ©2026 GreenPower Motor Company Inc. All rights reserved.

The post GreenPower Reports Q3 Revenue of $8.5 Million, Net Income of $4.2 Million appeared first on School Transportation News.

January 28, 2025 – At a time when the administration claims the U.S. is facing a nationwide energy emergency and consumers are increasingly concerned about rising electricity costs, its efforts to stop five large offshore wind projects under construction along the Atlantic Coast could cost consumers billions of dollars and keep much-needed new electricity off …

The post Offshore wind stop-work orders are costing consumers, delaying needed electricity appeared first on Alternative Energy HQ.

By: Britt Burt, Senior VP of Research for the Power industry A new round of headlines has revived an old storyline about the United States “bringing coal back.” As an expert of nearly four decades, I can confidently say that this interpretation misses what is actually happening on the grid. Coal is not gaining ground …

The post The US Is Seeing Slower Coal Plant Retirements, But Don’t Mistake It for a Return to Coal appeared first on Alternative Energy HQ.

Tribal utility, localities, and consumer and environmental groups argue tax guidance illegally hurts renewable energy. WASHINGTON, D.C. (Dec. 18, 2025) – A broad array of groups with strong interests in clean and affordable energy sued the IRS and Treasury Department over new rules for tax credits that unfairly and illegally discriminate against wind and solar …

The post IRS Sued Over Anti-Solar and Wind Tax Rules appeared first on Alternative Energy HQ.

Boston, MA – Last night, the U.S. District Court for the District of Massachusetts ruled that Donald Trump’s executive order banning wind projects in the United States was unlawful and vacated the order. Donald Trump issued an executive order on the first day of his administration that paused all leasing, permitting and approvals for wind projects, killing tens of …

The post Federal Judge Vacates Trump’s Unlawful Wind Energy Ban appeared first on Alternative Energy HQ.

We rely on batteries now more than ever, from our phones and laptops to electric vehicles. But the ones powering today’s technologies aren’t without their shortcomings. They can be expensive, flammable, and they rely on increasingly in-demand materials that must be mined and processed. Researchers at Western University are working on a new type of …

The post Solid-state sodium batteries could be safer, cheaper, more powerful option appeared first on Alternative Energy HQ.

BOGOTÁ, NOV. 12, 2025 – Atlas Renewable Energy, a leading international provider of renewable energy solutions, officially inaugurated the Shangri-La solar project, located in Ibagué, Tolima. It marks the start of operations of its first project in the country. Shangri-La has an installed capacity of 201 MWp, representing a decisive step in the expansion of …

The post Atlas Renewable Energy inaugurated Shangri-La solar park in Colombia appeared first on Alternative Energy HQ.

As more homes in the UK move away from gas heating systems, the need for a sustainable but effective method of heating and providing hot water for the home has become paramount. Heat pumps are rapidly emerging as a lead player in the game of decarbonised energy systems. But they are more than just efficient …

The post How Heat Pumps Fit Into the Future Grid appeared first on Alternative Energy HQ.

Stop-work orders for wind undercut investor confidence in financing all energy projects, including nuclear September 3, 2025 – The administration’s energy dominance agenda will fail, done in by collapsing investor confidence, unless the White House stops issuing stop-work orders for offshore wind. Undercutting these projects, each of which has billions of private investment dollars committed …

The post Anti-renewable policies are going to cost consumers appeared first on Alternative Energy HQ.

New heat-transfer system targets HVAC’s biggest inefficiencies, delivering up to 10x the performance without refrigerants, pumps, or significant energy input. When it comes to building a sustainable energy future, there are two sides to the equation: generation and demand. While most of the attention has been placed on producing more clean power, there’s an equally …

The post A New HVAC “Force” Cuts Energy, Boosts Efficiency appeared first on Alternative Energy HQ.

(WASHINGTON, DC) — The Trump administration has launched an unprecedented attack on America’s offshore wind industry, directing six federal agencies – including the Health and Human Services Department and the Defense Department – to draft plans to undermine renewable energy projects already underway. The White House, led by Chief of Staff Susie Wiles and Senior …

The post Sun Day Campaign Condemns Trump Administration’s “All-Out Assault” on Offshore Wind Industry appeared first on Alternative Energy HQ.

Renewable Energy is Not Causing Energy Cost Spikes, Coal is Washington, D.C. – Today, Donald Trump published on Truth Social that “Any State that has built and relied on WINDMILLS and SOLAR for power are seeing RECORD BREAKING INCREASES IN ELECTRICITY AND ENERGY COSTS.” This is false.   Energy Innovation reported that “states with the largest increases in wind and …

The post Trump Spreads Desperate Lies to Deflect Blame for High Energy Prices appeared first on Alternative Energy HQ.

Four New Nuclear Reactors and Forever Radioactive Waste in Calhoun County, Texas First Intervention Against SMRs in the U.S. LONG MOTT, Texas – This week, San Antonio Bay Estuarine Waterkeeper (Waterkeeper) intervened to stop four proposed experimental nuclear power reactors targeted for Long Mott, Texas – a community in coastal Calhoun County – the first …

The post San Antonio Bay Estuarine Waterkeeper Challenges  appeared first on Alternative Energy HQ.

Washington, D.C. – According to reporting, the Environmental Protection Agency plans to rescind all $7 billion of Solar For All grants.   The Solar For All grant was passed into law as part of the Inflation Reduction Act in 2022 to expand access to affordable and reliable solar energy to low-income regions across the country. 60 projects have been …

The post EPA Plans to Rescind Solar For All Funding appeared first on Alternative Energy HQ.

(WASHINGTON, DC) — Today, it was reported that the Trump administration is preparing to cancel $7 billion in federal solar grants intended to help low- and moderate-income families access rooftop and community solar. The decision would eliminate the Solar for All program, a cornerstone of recent federal efforts to lower energy costs and expand access to clean …

The post Sun Day Responds to Trump’s Attempt to Kill $7B in Solar Grants: “A Direct Attack on American Families” appeared first on Alternative Energy HQ.

Arkansas hospital increases energy efficiency by diagnosing cooling tower issues and treating its entire mechanical system.Healthcare facilities require a substantial amount of energy to operate. In fact, the average hospital consumes approximately 250% more energy than a comparably sized commercial building, according to the U.S. Department of Energy. As hospitals face increasing financial pressure to …

The post From Cooling Towers to Cost Savings: Hospital Seizes Power-Saving Opportunity appeared first on Alternative Energy HQ.