Energy Update
GM’s self-driving electric vehicle company, Cruise, will purchase renewable energy credits from two California solar farms, the company announced this week.
Contributed by Tricia (TJ) Jackson
By Frank Jossi, Energy News Network
To buy humanity additional time on earth before climate catastrophe hits us all – see IPCC’s latest report – we ought to restructure the electricity industry from the ground up, drastically. Today’s electricity production by burning coal is among the largest pollution creators in the world.
Ivanhoe Mines Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced that Kamoa Copper SA sister company Ivanhoe Mines Energy DRC has extended its existing financing agreement with the Democratic Republic of Congo’s La Société Nationale d’ Électricité (SNEL) to upgrade turbine 5 in the 1,424-MW Inga II hydropower facility on the Congo River.
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Long-duration thermal energy storage developer Malta raised $60 million in its oversubscribed Series B financing round with added support from Chevron Energy Ventures and Piva Capital.
The capital will be used to advance the company’s commercialization strategy, according to a press release.
Contributed by Neha Palmer, CEO of TeraWatt Infrastructure
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