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New Energies
Algonquin Reaches $2.5B Deal to Sell Non-hydro Renewables Business
Algonquin’s transaction with LS Power is expected to close in fourth-quarter 2024 or first-quarter 2025, the company says.
Occidental’s Stratos DAC Project on Track for 2025 Startup
Occidental Petroleum’s direct air capture commercial-scale facility in Texas is designed to capture up to 500,000 metric tons of CO2 annually.
NextEnergy Capital Buys 248-MW Solar Portfolio in Spain
NextEnergy Capital has reached an agreement to buy 12 solar power projects in Spain with an overall capacity of 248 megawatts.
Energy Transition in Motion (Week of Aug. 9, 2024)
Here is a look at some of this week’s renewable energy news.
Spiritus Files Permit Application for Wyoming DAC Project
Targeting first phase startup by 2026, Spiritus on Aug. 8 said the direct air capture project is designed to remove 2 million tonnes of CO2 annually from the atmosphere.
Ørsted, Mission Clean Energy Form Energy Storage JV
The initiative marks Ørsted’s first standalone battery storage partnership in the U.S. and globally.
California Resources Targets CCS, Data Centers
As California Resources Corp.’s carbon management arm, Carbon Terravault, pursues carbon capture and storage projects, it also is keeping tabs on data center power opportunities.
Ormat Targets Geothermal, Energy Storage Growth in US to Meet Rising Demand
Nevada-based Ormat Technologies—which recently formed a geothermal partnership with SLB—has 10 geothermal, three solar and seven energy storage projects under development.
Project Canary, Colorado School of Mines to Collaborate on Emissions Detection Study
Partners Project Canary and the Colorado School of Mines will publish a peer-reviewed paper of the study’s findings.
The Nuclear Option: E&Ps See Promising Yield from Mobile Reactors
In the Permian Basin and elsewhere, energy players consider adding small modular reactors and microreactors to their energy supply mix as electricity demand grows.