Alternative Technology Archives

Acadia and Microsoft plan $9 billion worth of U.S. renewable energy projects

December 11, 2024

(Oil Price) – U.S. clean energy investor Acadia Infrastructure Capital is launching a coalition with tech giant Microsoft as an anchor investor as part of plans to develop $9 billion worth of clean energy projects in the United States, Acadia’s Vice President Brian O’Callaghan told Reuters. Acadia is leading the Climate and Communities Investment Coalition (CCIC) to which other companies apart from

Nabors, e2Companies to collaborate on oilfield integrated power solutions

December 10, 2024

(World Oil) – e2Companies has announced a strategic collaboration with Nabors that will expand business opportunities for integrated power solutions in the oilfield and broader energy markets. By combining Nabors’ global expertise and relationships in oil and gas with e2Companies’ Virtual Utility®, the companies aim to develop and market tailored solutions for the unique demands of the oilfield and assess

Has nuclear energy finally overcome the Chernobyl disaster?

December 9, 2024

(Oil Price) – Three major nuclear events throughout the history of nuclear power production have tainted the image of the clean energy source, according to recent reports and years of public opinion polls. The events at Chornobyl, Fukushima, and Three Mile Island swayed public opinion against nuclear power in many areas of the world for several decades, encouraging governments worldwide

BP merges offshore wind business in $5.8 billion joint venture with JERA

December 9, 2024

(Oil Price) – BP has decided to merge all its offshore wind business into a new joint venture with Japan’s energy firm JERA, to which the companies will provide up to $5.8 billion for investments by 2030, the UK-based supermajor said on Monday as it shifts its focus back on oil and gas. BP has been seeking for months to offload spending

Exclusive-Biden administration will not finalize clean fuel tax credit guidance

December 3, 2024

(Investing) – Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in January, three sources told Reuters, casting doubt on the future of a key piece of the U.S. president’s climate agenda. The tax credit, the engine behind President Joe Biden’s ambitious plan to

Candy giant targets its cattle herd to maage methane emissions- oil and gas 360

Candy giant targets its cattle herd to manage methane emissions

November 21, 2024

(Oil & Gas 360) – Global food producer Mars has announced a nearly $50 million initiative focused on its cows and candy to halve greenhouse gas emissions by the end of the decade and become Net Zero by 2050. Mars’ “Moo-ving Dairy Forward” sustainable dairy plan seeks to find links in Mars’ supply chain that will allow it to cut methane

Analysis-Trade demands clash with climate agenda at COP29 talks

November 21, 2024

(Investing) – BAKU – Trade tensions are flaring at the COP29 climate summit, with China, Brazil and a host of developing countries complaining that perceived trade barriers, such as the European Union’s carbon border levy, will undermine climate efforts, according to U.N. documents and negotiators. Nearly 200 countries are wrangling at the climate talks over a deal to provide hundreds of

HSM Offshore Energy rolls out THOR OHVS topside

November 20, 2024

(World Oil) – (WO) — HSM Offshore Energy, a leader in the EPCIC of multidisciplinary offshore renewable projects, has successfully rolled out the THOR OHVS (Offshore High Voltage Substation) and lifted the GIS modules for RWE Renewables at its Schiedam yard in the Netherlands. Upon completion, THOR, with a planned capacity of 1058 MW, will stand as Denmark’s largest offshore

Climate financing disputes overshadow key issues at COP29

November 19, 2024

(Oil Price) – Hopes at COP29 in Baku for a breakthrough on climate financing are fading fast, fueling frustration that the United Nations’ framework for addressing global warming is dysfunctional. Non-governmental organization participants are complaining about being sidelined, while governmental representatives are perceived to be dithering. Some insiders report that haggling over funding is preoccupying governmental participants, preventing them from addressing

Energy Vault announces FID approval for 57 MW Cross Trails Battery Energy Storage System in Texas and 10-Year offtake agreement with Gridmatic

November 8, 2024

(Oil & Gas 360) – Cross Trails BESS to provide energy and ancillary services to support renewable energy production and improve grid resiliency in the Electric Reliability Council of Texas (ERCOT) region Upcoming deployment demonstrates Energy Vault’s execution on its growth strategy to maximize capital efficiency and profitability in building, owning and operating energy storage infrastructure WESTLAKE VILLAGE, Calif. &

COP29: What are the key issues at the UN climate summit in Baku?

November 7, 2024

(Investing) – This month’s U.N. climate summit – COP29 in Baku, Azerbaijan – has been dubbed the “climate finance COP” for its central goal: to agree on how much money should go each year to helping developing countries cope with climate-related costs. That discussion could be tough following Tuesday’s re-election of former U.S. President Donald Trump, a climate denier whose

Green energy stocks sink as Trump wins US election

November 6, 2024

(Yahoo Finance) – Shares in renewable energy firms plunged after Donald Trump won a second term as president of the United States on a platform that promises to boost fossil fuels and undo the green agenda of his predecessor. US clean energy stocks suffered in pre-market trading in New York, especially solar firms. Sunnova Energy International Inc. (NOVA) was down

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