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Energy Transition in Motion (Week of Dec. 20, 2024)

Here is a look at some of this week’s renewable energy news, including billions of dollars in loan awards from the U.S. Department of Energy.

Exxon Mobil Targets $2B More Earnings from Low Carbon Solutions

Exxon Mobil executives say the pace of growth for areas such as CCS, hydrogen and lithium vary due to uncertainty.

US Hydrogen Concerns Linger as Next Administration Nears White House

BP, EDP Renewables, Inpex and Plug Power executives discuss the state of hydrogen and the hydrogen production tax credit.

CRC's Carbon TerraVault, Net Power to Develop Low Emissions Power Plants

California Resources Corp.'s Carbon TerraVault and Net Power will conduct feasibility studies on locating power plants near underground CO2 storage vaults, according to a news release.

Despite Growth of CCS Projects, Profitability Remains Elusive

While costs are declining, CCS technologies remain expensive, with EOR and tax incentives spurring projects to capture and store CO₂.

Methanol Microreactor Project Aims to Convert CO2 into Liquid Fuel

The SRI International-led project, which received a Department of Energy grant, would use renewable energy to convert CO2 into liquid fuel.

SLB Capturi Completes First Industrial-Scale CCS Facility

SLB Capturi, a JV between SLB and Aker Carbon Capture, said it had reached a milestone with the world’s first industrial-scale carbon capture plant at a cement facility.

Despite Big Oil’s SAF Ramp Up, Concerns Linger as Trump 2.0 Nears

Concerns remain about the scaleup of sustainable aviation fuel under a Trump administration, even as some see progress continuing as the world demands cleaner fuels and Big Oil steps up.

BP Takes FID on Indonesia’s Tangguh UCC Project

This project is the first CCUS project in Indonesia.

Valuable Waste: Synata Bio’s Microbes Convert Waste CO2 Into Ethanol

Synata Bio, an early-stage biotech company, said this week it landed a grant from China for its commercial-scale waste carbon-to-ethanol facility.