renewable energy Archives - Page 13 of 68

Miner Piedmont unveils plans to build lithium refining plant in push for domestic EV supply chains

September 2, 2022

CNBC Piedmont Lithium announced Thursday that it plans to build a new lithium refining plant in Tennessee, as the U.S. rushes to develop domestic supply chains for raw materials critical to the energy transition. Thursday’s announcement follows the largest climate funding package in U.S. history, which President Joe Biden signed into law in August. The package includes incentives to jump-start domestic

Global oil map being redrawn as industry embraces renewables

July 21, 2022

World Oil (Bloomberg) — The world’s oil map is being redrawn as the industry becomes increasingly intertwined with renewables, according to consultancy Wood Mackenzie Ltd. Oil majors that want to reduce their carbon footprint will have to shift their activities to energy basins where drilling rigs can be powered by renewables and which have ample space for carbon sequestration,

A coming copper shortage could derail the energy transition, report finds

July 14, 2022

CNBC An all-electric future depends heavily on copper, and looming supply shortfalls could hamper nations’ goals of reaching net-zero emissions by 2050, according to a new report from S&P Global. Unless significant new supply becomes available, climate goals will be “short-circuited and remain out of reach,” the report says. Electric vehicles, solar and wind power, and batteries for energy

Wildcat Discovery raises $90 mln for high energy density EV batteries

July 13, 2022

Yahoo News LONDON- – U.S. energy tech firm Wildcat Discovery Technologies said on Wednesday that it has raised $90 million from investors to develop a high energy density battery cell for electric vehicles. The Series D funding round was led by Koch Strategic Platforms, the investment arm of industrial conglomerate Koch Industries, and included investments from Eastman Kodak and venture

Norwegian oil giant Equinor to buy U.S.-based battery storage firm

July 12, 2022

CNBC Norway’s Equinor is to acquire U.S.-based battery storage developer East Point Energy after signing an agreement to take a 100% stake in the company. Equinor, a major producer of oil and gas, said Tuesday that Charlottesville-headquartered East Point Energy had a 4.1-gigawatt pipeline of “early to mid-stage battery storage projects focused on the US East Coast.” According to Equinor, the

Shell to build Europe’s ‘largest’ renewable hydrogen plant to help power Dutch refinery

July 7, 2022

CNBC Plans to build a major hydrogen plant in the Netherlands will go ahead following a final investment decision by subsidiaries of oil and gas giant Shell. In an announcement Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. According to Shell, the 200 megawatt electrolyzer will be located

EXCLUSIVE-Phillips 66 made renewable fuels without proper permits – regulators

June 24, 2022

Nasdaq California regulators allege that U.S. refiner Phillips 66 PSX.N improperly began processing renewable diesel in a unit at its Rodeo, California refinery, the company confirmed to Reuters. Phillips 66 started to process small volumes of soybean oil at the Rodeo refinery in the first quarter of 2021, the company said last year, part of a plan to become the largest

Oil giant BP buys 40.5% stake in massive renewables and green hydrogen project

June 15, 2022

CNBC Oil and gas supermajor BP has agreed to take a 40.5% equity stake in the Asian Renewable Energy Hub, a vast project planned for Australia set to span an area of 6,500 square kilometers. In an announcement Wednesday, BP said it would become the operator of the development, adding that it had “the potential to be one of the largest

Biden waives solar panel tariffs for four countries, invokes defense law

June 6, 2022

Nasdaq WASHINGTON – President Joe Biden waived tariffs on solar panels from four Southeast Asian nations for two years and invoked the Defense Production Act to spur solar panel manufacturing at home, the White House said on Monday, confirming a Reuters report. The tariff exemption applies to panels from Cambodia, Malaysia, Thailand and Vietnam and will serve as a “bridge” while

TotalEnergies agrees to buy 50% of U.S. renewables company Clearway

May 25, 2022

Yahoo Finance PARIS – TotalEnergies said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group’s largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said the acquisition

TotalEnergies wins maritime lease to develop wind farm offshore North Carolina

May 13, 2022

World Oil TotalEnergies has been named a winner by the Bureau of Ocean Energy Management of maritime lease area OCS-A 0545 in the United States, as part of the Carolina Long Bay auction held on Wednesday. This bid for the development of an offshore wind farm in the Carolina Long Bay area offshore North Carolina was won for a consideration

U.S. to kick off latest offshore wind auction for Carolina coast

May 11, 2022

Reuters The Biden administration on Wednesday will hold a wind energy auction for two areas off the coast of North and South Carolina, its second such offering this year. The sale is part of the government’s broad push to put wind turbines in federal waters along every U.S. coastline and comes on the heels of a record February wind auction

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