GM Ventures has signed a strategic agreement to develop EnergyX’s lithium extraction and refinery technology, and Energy Exploration Technologies Inc. and General Motors Co. have made the announcement that GM Ventures will lead a $50 million Series B financing round for EnergyX. Utilizing EnergyX’s innovative process to maximize efficiency and enhance sustainability for GM’s rapidly […]
Continue Reading
OPEC oil maker Algeria is intending to fabricate sun-based energy and gas-worked power plants for sending out power to a few European nations, the country’s Energy Pastor was cited on Wednesday as saying. Mohammed Arkab said that, in order to carry out those projects, the studies are being carried out in conjunction with “European partners.” […]
Continue Reading
Worldwide power request is set to develop at a sped-up speed and Asia will represent half of the world’s power utilization by 2025, the Global Energy Organization (IEA) has said. China, India, and Southeast Asia are expected to account for more than 70% of the rise in global demand for electricity. According to the IEA, […]
Continue Reading
According to the National Infrastructure Commission (NIC), despite Russia’s invasion of Ukraine highlighting the need to reduce reliance on gas for home heating, ministers have made negligible progress in improving the energy efficiency of UK homes. Despite the need for increased investment to meet the UK’s economic and climate goals, the annual report of the […]
Continue Reading
Enel North America, a leading clean energy company in North America, has partnered with Nestle to be the sole tax equity investor for its 208 MWdc Ganado solar-plus-storage project in Jackson County, Texas. In addition, Nestle will acquire the renewable energy attributes from the entire output of the solar plant, advancing the company’s efforts to […]
Continue Reading
The member of Volkswagen’s board who is in charge of technology stated that the automaker intends to make investments in mines to reduce the cost of battery cells, satisfy half of its own demand, and sell to third parties. Thomas Schmall said that the biggest carmaker in Europe wants PowerCo to become a global battery […]
Continue Reading
Ofgem, the UK’s energy regulator, is expected to announce that it will lower its cap on how much energy suppliers can charge by about GBP1,000. However, analysts predict that prices will still rise by GBP500 on average. According to the most recent forecast from energy consultancy Cornwall Insight, Ofgem is anticipated to announce that it […]
Continue Reading
Salesforce, a technology company based in the United States, announced that it would be purchasing 280,000 megawatt hours (MWh) of renewable energy certificates from small, distributed energy projects in order to speed up the availability of clean electricity in developing nations. Distributed renewable energy certificates (D-RECs), a financial instrument that enables organizations to deploy capital […]
Continue Reading
With the acquisition of a portion of Chesapeake Energy’s Eagle Ford shale holdings in south Texas for $1.4 billion, UK chemical specialists INEOS have entered the US onshore oil and gas market. INEOS Energy will acquire approximately 2,300 wells that produce net 36,000 BOE/D in accordance with the terms of the deal. The acquisition, which […]
Continue Reading
EverWind Fuels, founded by private equity veteran Trent Vichie, said that it became the first green hydrogen producer in North America to obtain the permits required for a facility of a commercial scale. Trent Vichie also said that the facility’s first phase of production will be powered by nearby wind and solar assets. In December, […]
Continue Reading