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Energy Transition in Motion (Week of June 7, 2024)
Here is a look at some of this week’s renewable energy news, including the International Energy Agency’s forecast on clean energy investment reaching $2 trillion this year.
NextEra, Entergy to Develop 4.5 GW of Solar, Energy Storage Projects
NextEra Energy and Entergy entered a 5-year joint development agreement to accelerate development of projects in Arkansas, Louisiana, Mississippi and Texas.
Exclusive: ABS Moving Forward with Offshore CCUS Projects
Experts from offshore operator ABS discuss the company’s sustainability measures for marine and offshore industries and limitations with decarbonization techniques, in this Hart Energy Exclusive interview.
Element Fuels Progresses Plans for Hydrogen-powered Refinery, Power Plant
Construction for Element Fuels Holdings’ low-carbon fuels complex is expected to begin in first-quarter 2025, the company says.
Industry Angst Mounts as Treasury Weighs Hydrogen Tax Credit Rules
The U.S. Treasury Department will determine the final rules on how hydrogen producers qualify for 45V, the hydrogen production tax credit.
Exxon Mobil Taps Technip, Turner for Louisiana CCUS Project
Exxon Mobil has contracted Technip Energies and Turner Industries to help build a CCUS system capable of conditioning, compressing and transporting, for eventual storage, up to 800,000 metric tons per year of CO2.
NY Finalizes Contracts for Two Offshore Wind Projects
Combined, the projects are expected to produce enough electricity to power more than 1 million New York homes.
Hydrogen Left Hanging as DOE Prolongs Contract Negotiations
Regulatory and energy experts discuss hydrogen hubs as the award negotiation process continues.
Balmoral Focusing on ‘Buoyant’ Offshore Wind Sector
Balmoral’s sales director Gary Yeoman discusses trends in the offshore energy industry and introduces the company’s scour protection system in this Hart Energy Exclusive interview.
Occidental, BHE Renewables Form JV to Extract Lithium
The joint venture between Occidental Petroleum and Berkshire Hathaway’s BHE Renewables takes shape as companies aim to meet growing demand for lithium, a key ingredient for rechargeable batteries used for electronics, energy storage and electric vehicles.