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New Energies
US Offshore Wind Lease Sale Brings in Nearly $22MM in Winning Bids
Avangrid Renewables and Invenergy were the two provisional winners of four lease areas, according to the Bureau of Ocean Energy Management.
Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition
Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.
WoodMac: $3.5 Trillion Needed Annually to Hit Net Zero Targets
Higher demand for oil, gas and coal will delay peak emissions past 2030 and push the world beyond Wood Mackenzie’s base transition case and closer to a 3 C pathway, the consultancy said in a new report.
1PointFive Taps Enterprise Products for CO2 Pipeline Network
The network will carry captured carbon from the Houston Ship Channel to a southeast Texas sequestration hub.
Energy Transition in Motion (Week of Oct. 25, 2024)
Here is a look at some of this week’s renewable energy news, including a U.S. Geological Survey-led study pointing to massive estimated lithium reserves in the Arkansas Smackover.
South Dakota High Court Rejects Eminent Domain Power for CCUS Pipeline
The South Dakota Supreme Court justices have placed yet another roadblock in the way of Summit Carbon Solutions’ highly contested carbon capture pipeline project.
NextEra Ponders Nuclear Plant Restart as Backlog Climbs
NextEra Energy’s CEO is considering restarting the Duane Arnold nuclear plant as electricity needs, particularly from data centers, are growing.
Fervo Energy, Partners Launch Geothermal Apprenticeship Program
Participants will have a chance to learn geothermal directional drilling and well completions, while getting on-the-job training and taking college-level coursework, the company says.
EIA: Construction Costs for Gas-fired Power Stay Well Below Solar, Wind
Combined-cycle generation takes a lead as U.S. electricity demand is expected to rise.
RWE Pushes 1 GW of US Battery Energy Storage Projects to Boost Grid
As utility-scale battery energy storage projects boost grid reliability, RWE Clean Energy is adding projects in the U.S.