Published on August 08, 2024 by Kim Riley © Shutterstock The U.S. Department of Energy (DOE) on Tuesday unveiled a $2.2 billion investment in the nation’s grid by selecting eight projects across 18 states to receive federal funds for protecting against extreme weather events. “The first half of 2024 has already broken records for the
A tech-driven retail energy provider based in Houston has secured an oversubscribed series A round of funding. Branch Energy raised a $10.8 million round led by climate-focused venture capital firm Prelude Ventures with co-investor Zero Infinity Partners, an infrastructure tech-focused firm. The fresh funding will go toward accelerating the company’s battery management tech and build
SAN FRANCISCO, Aug. 9, 2024 /PRNewswire/ — Reunion, a leading clean energy finance company, today announced that it has collaborated with Summit Ridge Energy, the leading commercial solar company in the United States, to sell approximately $40 million of transferable tax credits from a portfolio of community solar projects in Virginia. The purchaser of these
On August 2, 2024, China’s National Development and Reform Commission (NDRC) and National Energy Administration (NEA) jointly released updated requirements for what percentage of energy provinces will need to source from renewable generators in 2024 and 2025. The requirements are a part of China’s renewable energy consumption guarantee mechanism and mandate a significant increase in
Saudi Government’s Milking of Saudi Aramco Leads to Underperformance – Saudi Aramco has posted a 3.4% year-over-year decline in its Q2 net income, dropping lower to 29.07 billion due to lower oil sales volumes and weaker refining margins. – The Saudi national oil company has been bearing the brunt of OPEC+ voluntary production cuts, because
Selling Unitholders Will Receive All Proceeds of Offering DALLAS, August 09, 2024–(BUSINESS WIRE)–Energy Transfer LP (“Energy Transfer” or the “Partnership”) (NYSE: ET) today announced the commencement of an underwritten secondary public offering of an aggregate of 38,755,996 of its common units representing limited partner interests (the “common units”), by WTG Midstream LLC and an affiliate
With higher power levels, circuit protection becomes increasingly important; Littelfuse can help. TTI has sponsored this post. Recent growth in renewable energy generation has triggered a corresponding demand for battery energy storage systems (BESSs). The energy storage industry is poised to expand dramatically, with the G7 recently setting a 1500GW global energy storage target for
Oil and gas activity in the top US oil-producing shale basin, the Permian, grew slightly in the second quarter of 2024, as output remained essentially unchanged, the quarterly Dallas Fed Energy Survey showed at the end of June. Half of executives at US oil and gas firms in the Eleventh District—Texas, southern New Mexico and northern
Clean energy expert, Solarvest Holdings Berhad has secured five separate corporate green power agreements (CGPAs) with a Malaysian multi-asset exchange, two global semiconductor manufactures, and a leading global data centre service provider (collectively referred to as corporate consumers) under the Corporate Green Power Programme (CGPP). These agreements are made through two joint ventures: one with
The Greek state-owned power utility Public Power Corporation (PPC) has entered into a binding agreement with the Romanian power producer and distributor Evryo Group to acquire renewable energy facilities in Romania with a total capacity of 774 MW in a €700m deal. The portfolio includes 600 MW of onshore wind, 22 MW of hydropower, 6 MW of battery energy storage,