Energy Update
RICHMOND, Va. (AP) — Virginia regulators granted critical approval Thursday for Dominion Energy’s plans to construct and operate a 176-turbine wind farm in the Atlantic Ocean.
The State Corporation Commission effectively signed off on an agreement Dominion reached this fall with the Virginia attorney general and other parties, in which the company agreed to implement several consumer protections in connection with the Coastal Virginia Offshore Wind project.
SACRAMENTO, Calif. (AP) — California utility regulators are set to vote Thursday on changes to the state’s booming rooftop solar market that they say will more evenly spread the cost of energy and help reduce reliance on fossil fuels in the evening.
US DOE honored better buildings partner city of Chattanooga, TN for energy efficiency achievements.
Since being dubbed the “Dirtiest City in America” by Walter Cronkite in 1969, the City of Chattanooga has worked to reverse the negative environmental impacts of local industry.
By Vinayak Walimbe, V.P. of Emerging Technologies (North America), Customized Energy Solutions
Contributed by Jason Hill, Samuel Brown, Garrett Kral and Carter Chandler Clements
As if it wasn’t enough that Texas has some of the best wind resource, best solar resource, and largest shale oil and gas deposits in the world, we also have a great geothermal resource. Unlike the others resources, though, geothermal is yet to be tapped. That’s about to change.
Second-life battery company Element Energy said it reached first close of $28 million in Series B financing.
The round was co-led by Cohort Ventures and an unnamed clean energy company. The round included additional investment from existing investors Edison International, LG Technology Ventures, Prelude Ventures, and Radar Partners.
Element also said that Matt Murphy, president and CEO of Marvell Technology, joined its board of directors.
Oil major Chevron has plans to turn its drilling expertise to geothermal energy appliations.
Chevron New Energies business and Sweden-based Baseload Capital announced a joint venture to develop geothermal projects in the United States, with an initial project slated for Weepah Hills, Nevada. The companies said they will pursue development opportunities in Esmeralda County where previous geothermal research and advanced exploration already exist.
The Massachusetts Clean Energy Center (MassCEC) launched a new $50 million fund to support the advancement of clean energy and climate tech by investing in early-stage start-ups.
The 2030 Fund will target firms that are creating highly technical tools that are critical for decarbonization.
U.S. Senators Maria Cantwell (D-WA) and Lisa Murkowski (R-AK), along with Debbie Stabenow (D-MI) and Dan Sullivan (R-AK), have introduced legislation to help ensure that existing hydroelectric facilities can continue to provide emissions-free, affordable electricity.
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