The US Government has unveiled the country’s first national clean hydrogen strategy. The document lays out the Biden administration’s plans to facilitate production, storage and usage of green hydrogen in the country. The strategy is based around attracting private investment, much like the Inflation Reduction Act, in order to maximise infrastructure development and uptake
Read More
Ørsted, the Danish energy giant, has agreed to pay $625 million for Eversource Energy’s 50 per cent ownership in the two companies’ uncontracted federal offshore wind lease joint venture. The agreement also includes contracts and partnerships that are critical to operating assets. The deal is expected to close in the third quarter of 2023 after receiving regulatory approval
Read More
European Energy’s North American division, EE North America, has purchased a majority stake in two solar projects in the US state of Colorado – Sandy Hill and Sand Dune – which total 700 MW. The projects have been acquired in a joint venture with Horus Energy. The acquisition, the value of which was kept under wraps, marks EE North America’s entry into the Colorado market.
Read More
Spearmint Energy announced the acquisition of Nomadic, a 900 MW battery energy storage systems (BESS) asset portfolio in Texas. It consists of three projects with a combined projected capacity of 300 MW that are spread over the counties of Cooke, Galveston, and Brazoria. According to the company, the portfolio was purchased from a major US developer and operator of clean energy projects. No financial details of the deal have been disclosed.
Read More
Zhejiang Hounen Photoelectricity Co Ltd (Hounen), a Chinese solar panel producer, plans to invest $33 million in a proposal to construct its first solar panel factory in the US. The governor’s office of South Carolina has confirmed Hounen’s plans. Hounen Solar plans to lease a 200,720 sq ft facility in Orangeburg County, South Carolina, in order to set up a 1 GW production base here.
Read More
In November 2021, Congress passed, and President Joseph R. Biden, Jr. signed the Infrastructure Investment and Jobs Act (Public Law 117-58), also known as the Bipartisan Infrastructure Law (BIL). This historic, once-in-a-generation legislation authorizes and appropriates $62 billion for the U.S. Department of Energy (DOE), including $9.5 billion for clean hydrogen. This draft report by the U.S. Department of Energy (DOE) sets forth the “DOE National Clean Hydrogen Strategy and Roadmap.”
Read More
A directive set forth by Assembly Bill 525 (AB 525, Chiu, Chapter 231, Statutes of 2021) directs that on or before June 1, 2022, the California Energy Commission (CEC) shall “evaluate and quantify the maximum feasible capacity of offshore wind to achieve reliability, ratepayer, employment, and decarbonization benefits and shall establish megawatt offshore wind planning goals for 2030 and 2045.” On August 12, 2022, the CEC adopted a report whose preliminary findings set planning goals of 2,000-5,000 MW of offshore wind by 2030 and 25,000 MW by 2045.
Read More
O2 Power, a India-based renewable energy producer, has signed a memorandum of understanding with Powin, a USA-based battery energy storage company, to supply battery storage solutions for the Indian renewable energy sector. Powin will reportedly be in charge of battery energy storage system (BESS) delivery and commissioning, while O2 Power would provide full EPC services for the projects they are constructing.
Read More
Energie Baden-Württemberg (EnBW), a German energy company, has announced plans to sell its US subsidiary EnBW North America, as well as its assets, to TotalEnergies. EnBW intends to focus on future offshore wind initiatives in the European market after selling the business to TotalEnergies. The deal’s financial terms have not been disclosed. As per the company statement, in the following months, EnBW plans to support TotalEnergies’ activities in the US.
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
EL) and the Department of Energy (DoE) are collaborating on a cutting-edge concentrated solar power (CSP) plant, with the intention of reducing energy costs to only 5 cents per kWh. The new technology is expected to reduce the cost of renewable energy while also ensuring that dispatchable energy is accessible at all times of the
Read More
Electricity prices tend to be lower in the United States than in Europe, so it is more difficult for new technologies to be cost competitive in the U.S. market. Prior to states enacting mandates for offshore wind energy procurement, the United States lacked the supportive policies that drove the first decade-plus of European offshore wind energy deployment. Despite the challenges, progress is being made to increase the speed and scale of U.S. offshore wind development.
Read More
The International Council on Clean Transportation has published a working paper on the “Cost of electric commercial vans and pickup trucks in the United States through 2040.” This paper presents a total cost of ownership assessment of battery-electric Class 2b and 3 commercial vehicles between 2020 and 2040 benchmarked against the corresponding costs of gasoline and diesel powertrains.
Read More
Meyer Burger Technology, based in Switzerland, has announced that it will establish a manufacturing facility in Goodyear, Arizona, to produce high-performance solar modules. The facility’s initial annual production capacity will be 400 MW, allowing it to produce solar modules for residential, commercial, and industrial rooftop systems, as well as solar parks.
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
AES Corporation, a US based solar developer, has announced the acquisition of Community Energy Solar, LLC (Community Energy). AES has signed PPAs to provide 4 GW of renewable energy in the United States this year, and the acquisition of Community Energy will help the company’s future expansion ambitions by providing a robust pipeline and a talented development personnel.
Read More
Canadian firm Ubiquity Solar Inc. is set to establish its solar manufacturing activities in New York. The operations will be located at the former IBM site in the village of Endicott in Broome County. The first phase of the project will entail an investment of roughly $61 million, under which the firm is expected to repurpose 800,000 square feet of space at the former campus. The investment will be utilised for site renovations, equipment, and installation.
Read More
American Securities LLC, a private equity firm, has entered into an agreement to acquire Swinerton Renewable Energy, the renewable energy division of Swinerton Builders, and the wholly-owned subsidiary SOLV, Inc. from Swinerton Incorporated. The acquisition will combine Swinerton’s existing Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) service groups under one company named, SOLV Energy.
Read More
EDF Renewables North America (EDFR) and MEAG, acting as Munich Re’s global asset manager, have entered into a strategic partnership under which a subsidiary of Munich Re will acquire a 50 per cent stake in two renewable energy projects in California. The two projects include the Maverick 6 Solar-plus-Storage Project and the Maverick 7 Solar Project.
Read More