AES Corporation, based in the US, has signed two power purchase agreements (PPAs) with Amazon to supply 450 MW of clean energy to power its data centre operations in California. AES Corporation’s portfolio of projects will deliver clean energy to the California Independent System Operator (CAISO) market with 450 MW of solar and 225 MW of four-hour duration battery energy storage.
Read More
Greenbacker Renewable Energy Company LLC (GREC), a leading owner and operator of sustainable infrastructure and energy efficiency projects, announced that, through a wholly owned subsidiary, it has purchased three pre-operational, utility-scale solar projects in New York from Hecate Energy LLC (Hecate). Each comes with a long-term contract with an investment-grade offtaker.
Read More
The administration of the US President has announced that a $3.1 billion plan will be formulated to increase the manufacturing of domestic electric vehicle (EV) batteries, speeding up the country’s transition from gas-powered automobiles to EVs. Reportedly, the US emits the most greenhouse gases per capita in the world.
Read More
The stage is set for significant electric vehicle (EV) growth in the coming decades, but even the most optimistic scenarios bring dramatic plot twists. The Biden administration has set a goal for the U.S. economy to achieve net-zero greenhouse gas (GHG) emissions by 2050. Achieving that goal will require a nationwide transition to EVs and clean energy. While EV adoption is surging, reaching many goals set by automakers and policymakers will require extensive changes that go far beyond just the vehicles on the road.
Read More
Advanced Ionics, a US-based provider of next-generation industrial electrolysers that can produce green hydrogen for less than $1 per kg, has announced the completion of a $4.2 million seed round led by Clean Energy Ventures and SWAN Impact Network.
Read More
First Solar and Leeward Renewable Energy (LRE) have signed an agreement under which First Solar will supply 1 GW of advanced, ultra-low carbon and thin-film PV solar modules to Leeward. As per the company’s statement, LRE plans to deploy these modules across its 20 GW solar development and construction pipeline in the US between 2023 and 2024.
Read More
Carbon capture, sequestration, utilization, and storage (CCUS) will be essential in meeting the Biden administration’s net zero GHG emission goals, as the chair of the White House Council on Environmental Quality (CEQ) acknowledges that “to reach the President’s ambitious domestic climate goal of net-zero emissions economy-wide by 2050, the United States will likely have to capture, transport, and permanently sequester significant quantities of carbon dioxide.”
Read More
Quinbrook Infrastructure Partners and Primergy Solar have secured almost $2 billion in debt and tax equity financing for the Gemini solar plus 380 MW storage project in Nevada, US. Gemini was developed by Primergy, a wholly owned portfolio company of Quinbrook. The debt funding includes a construction/term loan, a tax equity bridge loan, and a letter of credit facility totaling $1.3 billion.
Read More
The US Department of Energy has announced that bids for a $6 billion nuclear renewal programme will be solicited. Nuclear power reactor owners and operators that are about to shut down for economic reasons can request for funding to avoid closing prematurely. The first round of awards from the new programme will prioritise funding nuclear plants that have already announced a closure date.
Read More
Pacific Gas and Electric Company (PG&E), based in the US, has completed the installation of its 182.5 MW Tesla Megapack battery energy storage system (BESS) at its Moss Landing substation in Monterey County. Following the completion of final tests, the BESS was fully energised and certified by the California Independent System Operator.
Read More
Pivot Energy, based in the US, has received a $190 million financing arrangement to help develop its multi-state portfolio of distributed generation solar projects. Silicon Valley Bank (SVB), a part of SVB Financial Group, will lead the debt facilities, with Foss & Company agreeing to make the tax equity investment.
Read More
Heliogen, a solar power technology company based in the US, has signed a project agreement with Woodside Energy, an Australian energy company owned by Woodside Petroleum, to test a concentrated solar energy project in the United States. Heliogen is planning to build a concentrated solar energy facility with artificial intelligence (AI) at a site in Mojave, California.
Read More
Maersk, a global leader in integrated container logistics, and Ørsted, a global leader in renewable energy, have signed a letter of intent (LOI) to collaborate on a new Power-to-X facility in the US. This could be a landmark project in the green transformation of international deep-water shipping and set the bar for future large-scale production of green maritime fuels.
Read More
Climate change and net-zero commitments are accelerating the shift from fossil fuels to alternatives such as clean hydrogen. The race is on to adopt hydrogen technologies, with some countries positioning to become tomorrow’s hydrogen superpowers. But who are the frontrunners in the race to adopt and scale up clean hydrogen and other low-carbon fuels.
Read More
From the largest metropolitan areas in the United States like New York City to rural communities in Georgia, we need cleaner, more affordable, and efficient transportation options if we are going to solve climate change in a way that uplifts communities. Spent wisely, the $7.5 billion in EV charging funding can help us deliver the national backbone for a far superior fast charging network than exists today.
Read More
The US government plans to spend $2.91 billion to boost the country’s production of advanced batteries and related materials in order to assist the expansion of renewable energy sectors. The Department of Energy (DOE) has issued two notices of intent to support battery material refining and production plants, battery cell and pack manufacturing facilities, and recycling operations.
Read More
Acciona Energia has acquired Red-Tailed Hawk, a 350 MWac solar photovoltaic (PV) project in the US, from Avondale Solar and Solar Plus Development. The project will be developed by Avondale Solar’s subsidiary, AP Solar Holdings, in collaboration with Solar Plus Development in Houston, Texas. The construction of the project will cost $460 million.
Read More
The Build Back Better Act contains the heart of President Biden’s domestic agenda, including over $500 billion in climate and clean energy provisions that are necessary for the U.S. to meet its climate goals. While the fight for the Build Back Better Act is not over, we also must ensure that existing federal funds are put to the best decarbonization uses possible. In November, President Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law.
Read More
Johnson & Johnson has signed two power purchase agreements with Ørsted to procure power from Sparta Solar in Texas and Kilgarvan Wind Farm in County Kerry and Booltiagh Wind Farm 1 in County Clare, both in Ireland’s south and west. Sparta Solar’s PPA contains a 55 MW contract capacity from the 250 MW Sparta Solar project in southern Texas.
Read More
The objective of study is to determine the cost of producing lithium-ion battery precursors in the Democratic Republic of Congo (DRC) and benchmark the cost to that of the U.S., China and Poland. In addition to the cost, the study assesses the emissions associated with the production of precursors in the DRC for the global electric vehicle market compared with producing them in China and Poland. Building a 10,000 metric-ton precursor facility in the DRC could cost $39 million. This is three times cheaper than what it would cost for a similar plant in the U.S.
Read More