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Renewables
NextEra CEO: Renewables Offer Cheaper Way to Meet AI Power Demand
Some forms of energy are better positioned to meet electricity needs today from both timing and cost perspectives, NextEra Energy CEO John Ketchum said at CERAWeek by S&P Global.
Energy Transition in Motion (Week of March 7, 2025)
Here is a look at some of this week’s renewable energy news, including Tesla’s plans to build a battery storage megafactory near Houston.
Google, SLB, Project Innerspace Form Geothermal Partnership
The geothermal partnership between Google Cloud, SLB and Project Innerspace takes shape as energy demand surges, driven in the U.S. by data center growth, the rise of electrification and an increase in manufacturing activity.
Energy Transition in Motion (Week of Feb. 28, 2025)
Here is a look at some of this week’s renewable energy news, including SMT Energy securing funding for a battery energy storage facility in Houston.
Geothermal Player Ormat Adds Capacity as Power Demand Rises
Ormat aims to grow its installed capacity to between 2.6 and 2.8 gigawatts by the end of 2028, CEO says.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
First Solar Continues to Ride Growth Streak Fueled by Incentives, Demand
First Solar ended 2024 with a contracted backlog of 68.5 gigawatts valued at $20.5 billion, having sold a record 14.1 GW of modules.
Macquarie Asset Management Expands Investment in US Renewables
Macquarie Asset Management will acquire the remaining controlling interest in Galehead Development as part of a deal that will make Galehead a subsidiary of Treaty Oak Clean Energy.
National Grid Agrees to Sell $1.7B Onshore US Renewables Business
The sale of National Grid Renewables to Brookfield comes as the utility continues efforts to streamline its business and focus on networks.
Houston American Energy Corp. Buys Renewable Fuels Developer
Houston American Energy Corp. (HUSA) is acquiring renewable fuels producer Abundia Global Impact Group (AGIG), the companies announced Feb. 24.