Energy Update
A record-breaking $105 billion was invested into U.S. clean energy assets in 2021, according to market analysis.
Renewable energy and electric vehicles received the bulk of the overall clean energy investing capital, which increased 11% year-over-year in BloombergNEF's 10th annual Sustainable Energy in America Factbook.
The International Energy Agency unveiled a 10-point plan which it believes could wean the European Union off Russian gas imports by more than a third by this time next year.
The plan includes measures such as bringing in gas from other countries and boosting national reserves, as well as accelerating the rollout of renewables and increasing energy efficiency in buildings, industry, and among consumers.
Equinor and bp said they plan to invest up to $250 million to build an offshore wind staging and assembly hub at a Brooklyn, New York, port. The facility is expected to meet the needs of the companies' ongoing projects as well as the region's burgeoning offshore wind industry.
The Federal Energy Regulatory Commission (FERC) would find ISO-NE’s multiple market models troubling in the Order 2222 compliance filing. Even though the New England ISO has seven market participation models for aggregating DERs fairly, FERC should issue a deficiency letter because none of those models work due to the high cost of metering implementation.
Enel Green Power Guatemala (EGPG) has signed a power purchase agreement (PPA) with the three bottlers of Coca-Cola brand products in Guatemala for the annual supply of 28.6 GWh of energy from its hydroelectric plants over the next two years.
The announcement didn't come as much of a surprise to Martin Pochtaruk.
As CEO of Heliene, one of the few North American manufacturers of solar modules, Pochtaruk had heard rumblings for months that LG was charting its exit from the cutthroat solar industry.
Heliene CEO Martin Pochtaruk
A year after President Joe Biden signed an executive order calling for a review of American supply chains, the Department of Energy released what it called its first-ever comprehensive assessment of the U.S. clean energy supply chain.
The U.S. National Renewable Energy Laboratory (NREL) has issued a request for proposals (RFP) for a program that aims to innovate and drive down the cost of distributed wind energy.
In yet another sign of the changing auto industry, and the growing penetration of electric vehicles, Ford said it will split its EV and internal combustion divisions into two distinct units within the company.
A San Diego, California-based company wants to demonstrate how concentrated solar power and geothermal storage can turn existing oil wells into clean energy generators.
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