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TotalEnergies Sells Half of US Renewable Portfolio to Apollo
TotalEnergies is acquiring Germany’s VSB Group while selling 50% of a 2-gigawatt renewable portfolio in Texas.
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.
Energy Transition in Motion (Week of Nov. 29/Dec. 2, 2024)
Here is a look at some of this week’s renewable energy news, including a global scaleup of hydrogen and uncertainty in the solar sector.
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.
Vision RNG Inks Landfill Gas Agreement in South Carolina
Vision RNG says it will produce either RNG or power from South Carolina landfill gas.
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.
Total Close to $2.1B Acquisition of Germany’s VSB—Report
TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros, Bloomberg News reported.
US Plans $7.5B Loan for Stellantis, Samsung JV for Battery Factories
If given the final go-ahead, Stellantis and Samsung’s StarPlus Energy joint venture will use the financing for lithium-ion battery cell and module manufacturing plants in Indiana.
BLM Sets Aside Land for Solar Project Review in Utah
The project proposed for development by Hanwha Energy Corp.’s 174 Power Global could generate an estimated 600 megawatts of solar electricity.
New US Solar Tariffs on Southeast Asia to Raise Prices, Cut Profit Margins
A new round of U.S. solar panel import tariffs on Southeast Asian producers is expected to raise consumer prices and cut into producer profit margins.