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New Energies
Energy Transition in Motion (Week of Dec. 13, 2024)
Here is a look at some of this week’s renewable energy news, including the latest on explosive growth in grid-scale energy storage installations.
Equinor, Lazard Ponder Fate of the Inflation Reduction Act
With a new incoming Trump administration, there is concern about what changes are in store for President Biden’s signature climate legislation, the Inflation Reduction Act.
LNG, Crude Markets and Tariffs Muddy Analysts’ 2025 Outlooks
Energy demand is forecast to grow as data centers gobble up more electricity and LNG liquefaction capacity comes online in North America, but gasoline demand may peak by 2025, analysts say.
Energy Vault, RackScale Partner to Scale Up Data Centers by 2 GW
The Energy Vault-RackScale Data Centers partnership emerges as hyperscalers continue to lock in electricity, including from renewables and energy storage systems, to meet growing power needs.
TotalEnergies Plans 300 MW Renewable Projects in Oman
Wind and solar power will be supplied to Petroleum Development Oman, aligning with TotalEnergies' multi-energy strategy in the country.
US Hydrogen Concerns Linger as Next Administration Nears White House
BP, EDP Renewables, Inpex and Plug Power executives discuss the state of hydrogen and the hydrogen production tax credit.
Phillips 66 Taps NextEra for Solar Power at Rodeo Renewable Complex
The solar facility owned and operated by NextEra Energy Resources will consist of more than 70,000 solar modules, Phillips 66 said
Enphase, NextEnergy Partner on Energy Management Services in the Netherlands
The collaboration enables owners of Enphase Energy’s battery technology to participate in NextEnergy’s dynamic tariff program and join its virtual power plant.
BP, Pulling Back from Renewables, Enters $5.8B JV with JERA
The 50-50 joint venture with JERA takes shape as BP pulls back from renewables to focus on higher returns and cash flow generation.
CRC's Carbon TerraVault, Net Power to Develop Low Emissions Power Plants
California Resources Corp.'s Carbon TerraVault and Net Power will conduct feasibility studies on locating power plants near underground CO2 storage vaults, according to a news release.