Project Energy
Reimagined
Trading on Nasdaq as PEGRU
Overview
Project Energy Reimagined Acquisition Corp. is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
While the Company may pursue an initial business combination with a company in any industry, sector or geographic region, the Company intends to focus its search on high-potential ESG (environmental, social and governance) targets within the advanced renewable energy “GRID 2.0” value-chain, including targets focused on grid reliability and stability solutions, electrification of transportation and electric vehicle infrastructure, smart and/or AI-enabled grid optimization, energy storage, second-life use of batteries and end-of-life battery recycling.
Our Mission
Our mission is two-fold – to benefit our shareholders while enabling sustainable energy solutions for everyone.
Srinath Narayanan, CEO.
We are focused on helping the world accelerate the use of clean energy to reduce greenhouse gas (GHG) emissions and limit global temperature rise. It’s an exciting time to launch Project Energy Reimagined Acquisition Corp., days before the United Nations Climate Change Conference (COP26) takes place in Glasgow, Scotland, where world leaders will meet to accelerate action on climate change and government leaders and investors will collaborate with companies that are leading the global energy transition..
Our Sponsors
The company is sponsored by affiliates of EWI Capital, a growth equity focused firm, and backed with sponsor investments from large institutional investors.
In identifying our target, we will apply the due diligence standards required by our ESG commitment and aspire to combine with a company that brings attractive business fundamentals with, or with the potential for, strong ESG practices consistent with our internal mission.
Project Energy Reimagined
Rings the Opening Bell at NASDAQ
Just in time for the New Year, Project Energy Reimagined celebrated its Initial Public Offering (IPO) on December 30 at the Opening Bell on the Nasdaq stock market. Although the in-person celebration was moved from the Nasdaq floor to an all-virtual version in the days leading up to the event, we were happy with the strong showing of supporters who attended the ceremony on the app or watched via livestream.
Project Energy Reimagined began trading its combined Class A ordinary shares and warrants under the Ticker PEGRU on December 20, 2021. Separated Class A ordinary shares and warrants trade on the Nasdaq under the symbols “PEGR” and “PEGRW”.
Photography courtesy of Nasdaq, Inc.
News & Insights
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News & Insights
Heramba Electric to List on Nasdaq Through Business Combination with Project Energy Reimagined Acquisition Corp
Heramba Electric announced in August 2023 that it had entered into a definitive agreement with subsidiaries of Knorr-Bremse Aktiengesellschaft to acquire Kiepe Electric, a company focused on decarbonization of commercial and public transportation, which is expected to...
US News & World Report: 9 of the Best Green Stocks to Buy Now
Sustainable investing is more than just ditching oil stocks. With higher gasoline prices stoking decades-high inflation, electric vehicles can look like an appealing alternative. But green investing goes beyond companies that make vehicles that aren't powered by...
Popular Science: Tidal turbines put a new spin on the power of the ocean
As the weather report would show, there are plenty of days when the sun doesn’t shine and the wind doesn’t blow—meaning power generated from solar panels and wind turbines could stall, given all the challenges with long-term energy storage from renewables. As a...
Lifewire: Rising Battery Costs Could Make EVs More Expensive
Key Takeaways: The cost of the batteries used in electric vehicles is rising. The price hike is due to the rising cost of all battery metals, including lithium, nickel, and cobalt. Experts say that EVs can still be a good deal compared to gas guzzlers. Read full...