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New Energies
Geothermal Player Ormat Adds Capacity as Power Demand Rises
Ormat aims to grow its installed capacity to between 2.6 and 2.8 gigawatts by the end of 2028, CEO says.
Opal Fuels to Develop Four New RNG Facilities
The output from Opal Fuels' new RNG facilities, once fully operational, will be about 20 million gasoline gallon equivalents per year.
CarbonQuest Lands $20MM Funding for Carbon Capture Projects
The new funding is aimed at helping CarbonQuest achieve the lowest cost per ton in the carbon capture industry and improve system efficiency for North American customers.
TotalEnergies Starts Biomethane Unit in Normandy
The project, called BioNorrois, utilizes beet pulp from French sugar group Cristal Union’s adjacent production site.
BKV Positions Itself to Meet Growing Power, CCS Demand
Electricity needs across the U.S. are expected to soar as industrial and manufacturing facilities, data centers and other consumers crave more power. BKV is exploring ways to bridge the gap between demand and energy supply.
Diamondback in Talks to Build Permian NatGas Power for Data Centers
With ample gas production and surface acreage, Diamondback Energy is working to lure power producers and data center builders into the Permian Basin.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
First Solar Continues to Ride Growth Streak Fueled by Incentives, Demand
First Solar ended 2024 with a contracted backlog of 68.5 gigawatts valued at $20.5 billion, having sold a record 14.1 GW of modules.
Macquarie Asset Management Expands Investment in US Renewables
Macquarie Asset Management will acquire the remaining controlling interest in Galehead Development as part of a deal that will make Galehead a subsidiary of Treaty Oak Clean Energy.
E&P Highlights: Feb. 24, 2025
Here’s a roundup of the latest E&P headlines, from a sale of assets in the Gulf of Mexico to new production in the Bohai Sea.