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Energy Transition in Motion (Week of Nov. 8, 2024)
Here is a look at some of this week’s renewable energy news, including a solar panel deal involving a 5-gigawatt solar module facility south of Dallas.
DOE Closes $475MM Loan for Li-Cycle’s Lithium-Ion Recovery Hub
Li-Cycle’s resource recovery facility, located in Rochester, New York, will use recycled materials to support the production of up to 180,000 electric vehicles annually.
Belcher: The Growing Nexus of Nuclear, Oil and Gas
Nuclear has a capacity factor of 92.5%, the highest of any source of electricity, not to mention near-zero greenhouse gas emissions.
California Resources’ Carbon TerraVault Sees CCS Momentum
California Resources expects to receive a Class VI permit from the U.S. Environmental Protection Agency in December, the company’s CEO says.
OPEC Outlook: US Shale Oil Volumes to Hit 16.7 MMbbl/d by 2030
The head of OPEC’s energy studies warned that failure to invest in oil production could lead to a global energy crisis as early as 2035.
OPAL Begins Construction New RNG Facility at California Landfill
OPAL Fuels’ new facility located in Clara County, California, aims to produce approximately 5.1 million gas gallons equivalent of RNG annually by capturing and converting biogas from decomposed landfill materials.
Baker Hughes CEO: Transition Without Oil, Gas is a ‘Dream World’
The CEOs of Baker Hughes, SLB and Japan’s Inpex see an energy expansion that includes oil and gas—with lower emissions—as the most pragmatic way to tackle climate change.
‘Hydrogen is Happening’: Chevron Pushes Ahead Despite Industry Doubts
Facing a myriad of challenges that include policy uncertainty and costs, companies such as Chevron are moving forward with projects and partners to make progress.
SolarBank to Develop 3-MW Solar Plant in Canada
Called the West Petpeswick project, the DC ground mount community solar project adds to SolarBank’s plans to develop an additional 31 MW of solar projects in Nova Scotia, Canada.
Wind Energy Developer Ørsted Sees Profit Rise, US Challenges Remain
Danish wind company Ørsted reported a 4% increase in earnings and fewer impairments compared to a year ago but faced challenges with U.S. wind.