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Bloom Energy, petroleum giant Shell to study feasibility of hydrogen technology

Bloom Energy Inc. and Shell Plc. will study decarbonization solutions, using Bloom’s proprietary hydrogen electrolyzer technology. Bloom and Shell will collaborate to develop solid oxide electrolyzer (SOEC) systems that could produce hydrogen for potential use at Shell sites.  “This technology could represent a potentially transformative moment for opportunities to decarbonize several hard to abate industry sectors,” said KR Sridhar, ...

Business Roundtable rolls out report calling for political leaders to focus on prosperity and growth

The Delaware Business Roundtable released a report on Tuesday calling for a "comprehensive, fact-based framework for Delaware’s political leaders to set a bold course toward prosperity and growth." “Delaware must fundamentally prioritize and invest in long-term economic development, including a vibrant, supportive ecosystem for entrepreneurs, workforce development, and a healthy private sector in the face of intense competition for jobs,...

Code Differently, Wilmington University form tech partnership

Code Differently and Wilmington University have unveiled a technology partnership. Under their agreement, Code Differently participants can earn up to 18 credits toward undergraduate degrees in concentrations like computer science, cybersecurity, and data analysis. New students enrolling from Code Differently will also see waived application fees at Wilmington University. “This collaboration with Code Differently speaks to our mission of providing opportunity...

Prelude opens new headquarters

Last month, industry and government dignitaries gathered to mark the opening of Prelude Therapeutics new headquarters and research lab at the Chestnut Run Innovation & Science Park near Wilmington. Prelude Therapeutics founder and CEO, Kris Vaddi, began the ceremony by reflecting on Prelude’s mission. “This was an idea to build a cancer-focused biotech company, rooted in science from...

Wilmington Lexus sold for second time in 3 months

The Lexus dealership in Wilmington has been sold again. The Presidio Group LLC, a merchant banking firm announced it advised Asbury Automotive Group, Inc. of Duluth, GA, on the sale of the dealership in Wilmington, Del., to MileOne Autogroup of Towson, MD. The dealership is located on the city's Auto Row on Pennsylvania Avenue. The transaction, completed on March...

Delaware DNA Life Science Conference coming in May

National life science industry leaders and the region’s new companies and research institutions will gather on May 9 for the second annual Delaware’s DNA: 2024 Life Science Conference. Hosted by the Delaware BioScience Association (Delaware Bio), the full-day event will feature a collection of life science sector executives, investors, new businesses, researchers, and policymakers who will convene for the full-day...

Media Update: CAMP Rehoboth takes note of guilty plea in fraud case; Spotlight Delaware launches website

CAMP Rehoboth Community Center disclosed that a plea a agreement was reached with the state Attorney General's Office over a financial fraud case involving a long-time staff member.. The center publishes the widely read Letters From Camp Rehoboth publication for the LGBTQ community. The case left the Community Center in an uncomfortable spot as it had to...

From Spotlight Delaware: Amtrak prepared to spend millions at controversial downtown Wilmington building

By Karl Baker, Senior Reporter This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State. Learn more at spotlightdelaware.org Why should Delaware Care?Amtrak is a major employer in the Wilmington area, but its own inspector general also criticized its purchase of the Renaissance Centre, which Amtrak is now investing in further. As a federally chartered corporation,...

From Spotlight Delaware: Bloom plans to move some jobs to Mexico

By Karl Baker, Senior Reporter, Spotlight Delaware Bloom Energy, the fuel cell producer that a decade ago promised to revitalize the state’s manufacturing sector, announced last week that it will move a slice of its Newark operations to Mexico at the end of 2024. The decision is one part of the California company’s plan to restructure amid increasing debt and continuous...

Harker on the economic outlook: We are in the final mile of the marathon

by Patrick T. Harker  The following are prepared remarks made by the President of the Federal Reserve Bank of Philadelphia at the annual Lyons-University of Delaware economic forecast. The views expressed here are solely those of the author and do not necessarily reflect the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. It is a pleasure to...

The Mill cuts ribbon on expansion at Market West in downtown Wilmington

The Mill recently marked the completion of a recent expansion of its coworking space at Market West, 221 W Tenth St. in downtown Wilmington. The 38,000-square-foot expansion makes The Mill one of the largest coworking spaces in the Greater Philadelphia market. The expansion was part of the mixed-use conversion of the former Nemours Building now known as Market West. The Mill expansion to the third floor includes more than 30 furnished offices of various sizes...

My take: AstraZeneca’s quarter century in Delaware

The announcement that AstraZeneca will spend $300 million on a cancer cell therapy research and development site outside Washington, DC, came with a Wilmington dateline. That's because the UK-based pharmaceutical company has its US headquarters in Talleyville, just outside Wilmington. AZ is celebrating its 25th anniversary this year, an occasion noted by CEO Sir Pascal Soriot in an upbeat year-end...

Oklahoma company invests in start-up spun out of ChristianaCare research

Cortado Ventures, an investment firm announced a strategic investment in CorriXR Therapeutics, a cance-focused biotherapeutics development company with gene editing platform technology. The dollar amount of the investment from the Oklahoma City company was not disclosed. This investment solidifies Cortado’s commitment to advancing cutting-edge medical solutions and supporting the development of groundbreaking treatments for cancer, a release stated. CorriXR...

UD’s online MBA ranks highest among Delaware Valley offerings

The University of Delaware's online MBA program earned the top ranking in the Delaware Valley in the US News  2024 Best Online Programs. UD’s online MBA programs moved up four spots to No. 29 out of 345 programs, ahead of other Philadelphia region business schools, including Villanova. UD’s online master’s in business programs (excluding MBA)...

Chase opens branch near Rehoboth

Chase this week opened a branch near Rehoboth Beach at 19068 Coastal Highway. The opening increased the number of Chase branches to 10 at a time when other banks have been consolidating locations as more people do their banking via mobile devices and receive pay or retirement checks via direct deposit. Parent JPMorgan Chase is the...
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